Yemisi Izuora Enterprise Life Nigeria, Chief Executive Officer, Funmilayo Omo, has said that digital adoption across the insurance industry would go a long way towards enhancing financial inclusion and education for Nigerians. Addressing a session with the theme, “Digital Transformation in Africa Insurance,” Omo, highlighted the critical role of digital technologies in reshaping the insurance landscape. She detailed how digital platforms, artificial intelligence (AI), machine learning (ML), the Internet of Things (IoT), data analytics, and blockchain technology are disrupting traditional insurance models. Addressing the specific needs of the African market, the CEO, underscored the importance of developing user-friendly insurance apps…
Author: orientalnewsng
Yemisi Izuora The Securities and Exchange Commission, (SEC) is poised to deal with issues around unclaimed dividends in the country. The Commission’s Acting Director General, Dr. Emomotimi Agama, who is driving a new initiative towards resolving the surge charged relevant stakeholders in the capital market to co-operate with the Commission in its desire to reduce the quantum of unclaimed dividends. The SEC Acting DG who stated this during a meeting with the Association of Securities Dealing Houses of Nigeria (ASHON) in Abuja, described unclaimed dividend as a monster in the capital market which must be tackled swiftly. Agama assured that…
Moses Ofodeme Labour Unions in Nigeria have suspended an indefinite strike for a week on Tuesday in order to continue talks with the government over a new minimum wage. Federal Government reforms had triggered inflation to spike, worsening a cost of living crisis. Nigeria’s two biggest Union federations, the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC), shut down the national grid and disrupted flights across the country on Monday as they began an indefinite strike over the government’s failure to agree a new minimum wage. Unions and the government met late on Monday for talks where the government said…
Yemisi Izuora The Fabricare Professionals and Drycleaners Association, FPDA, is repositioning its structure to create wealth through job opportunities that will add economic values to the country. The new structural adjustment was a major high point during the Association’s first anniversary and inaugural CleanShow Africa Comference and Exhibition, which held in Lagos. Speaking at the pivotal summit, Chairman, Fabricare Professionals and Drycleaners Association, FPDA, Eniibukun Adebayo, spoke passionately about the innovative initiatives being provided by the leadership to fully transform the business of members into a major economic powerhouse. “It’s a new dawn for the fabric care and drycleaning industry…
In this interview Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, says President Bola Tinubu has set the right economic parameters in place for the tax agency to perform optimally. He also shares insights into the reforms carried out at the agency under his leadership, the new customer-focused approach to tax administration, among others. He spoke with key media organizations and YEMISI IZUORA was there for Oriental News Nigeria. Excerpts: How did you react when appointed to head the tax agency? One thing you probably know President Bola Tinubu for is head-hunting the right talents to deliver the…
Yemisi Izuora Stanbic IBTC Insurance, a subsidiary of Stanbic IBTC Holdings, has emerged as the first insurance company in Nigeria after successfully obtaining vetting and approval from the National Insurance Commission (NAICOM) for its 2023 full year financial report. This marks a significant stride towards international financial reporting standards in the insurance industry. As the first insurance provider to receive such vetting by the industry regulator, this achievement comes on the heels of the insurance company’s adoption of the International Financial Reporting Standard (IFRS) 17 standardization process, showcasing its commitment to transparency and adherence to global accounting practices. The International Financial…
EXECUTIVE SUMMARY President Bola Ahmed Tinubu’s historic victory and assumption of office on May 29, 2023, marked a significant turning point in Nigeria’s democratic journey. His commitment to democracy and visionary leadership, encapsulated in the 8-Point Renewed Hope Agenda, have inspired confidence and trust among Nigerians, promising a new era of hope and transformation. Economic Rebirth: Facing economic turmoil, widespread poverty, and rising unemployment, President Tinubu implemented bold reforms to stabilise the economy. The withdrawal of the unsustainable fuel subsidy and the unification of the FOREX market were pivotal steps, redirecting funds to critical sectors like healthcare, education, and infrastructure.…
L-R: Tajudeen Rufai, Consultant, STI Plc, Emmanuel Anikibe, Executive Director, (Technical Division), STI Plc, Funmi Babington-Ashaye, Fellow, CII UK & MD/CEO, Risk Analyst Insurance Brokers, Olaotan Soyinka, MD/CEO, Sovereign Trust Insurance Plc, Isaac Olubitan, Member, CII UK, with the responsibility of developing markets in the area of manpower development for the Institute in the USA, Africa, Asia, Europe and the Caribbean. Others are, Olajumoke Olatubosun, DGM, Marketing Division, STI Plc, Akinwunmi Akinrinmade, AGM/Head, Energy, STI Plc and Segun Bankole, DGM/Head, Corporate Communications & Investor Relations, Sovereign Trust Insurance Plc, during the courtesy visit of CII UK to the Head Office…
L-r: Prisca Soares, Chairman, Awards Panel of Judges, 2024 Almond Insurance Industry Awards; Dr. Jide Fadun, Vice Chairman of the panel, and Faith Ughwode, Chief Executive Officer, Almond Productions Ltd, during the 2024 Almond Insurance Industry Awards press conference and unveiling of the website for nominations, held in Lagos Today. Organizers of the Annual Almond Insurance Industry Awards has unveiled nominations for the 2024 awards series. Oriental News Nigeria, reports that the annual Awards is aimed at rewarding the “Can Do Spirit” of the men and women in the various arms of the Nigerian Insurance Industry who daily push boundaries…
… Visits Ogun State Commissioner of Police, Paramount Ruler of Yewa Land Comptroller Kola Oladeji, in charge of the Nigeria Customs Service, Federal Operations Unit, Zone A, has visited the Ogun State Commissioner of Police (CP), Abiodun Alamutu. This is in an effort to strengthen the already existing synergy between the Nigeria Customs Service (NCS) and the Nigeria Police Force. Comptroller Oladeji made the courtesy call to the Ogun State Police Headquarters on Tuesday, 21 May 2024. Stating the purpose of his visit, the Unit Head emphasised the importance of Ogun state to the operations of the Service. He appreciated…