Saturday, October 25, 2025
29.6 C
Lagos

Business

Stanbic IBTC, Zenith, Axa Mansard, Leadway, MTN, GLO Lead Q3 2025 Brand Report

As Nigeria’s media environment continues to evolve, brand sentiment has emerged...

LASAA Hosts Legislators, Vows Commitment to Visual Order, Safety

L-R: The Chairman, Committee on Information, Security and Strategy,...

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

Equity Trading on Nigerian Exchange Surges 115% as Reforms Draw Foreign, Domestic Investors

Transactions by domestic and foreign investors on Nigerian Exchange...

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

Insurance

Stanbic IBTC Insurance Unveils Manifold Endowment Plan to Stakeholders at Media Engagement

L-R: Akinjide Orimolade, Chief Executive, Stanbic IBTC Insurance; Wole...

Lasaco Assurance Reports N13.19bn Claims Payment, 25% Revenue Growth in 2024

L-R: Deputy Managing Director, Corporate Service, Lasaco Assurance Plc,...

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Business

Stanbic IBTC, Zenith, Axa Mansard, Leadway, MTN, GLO Lead Q3 2025 Brand Report

As Nigeria’s media environment continues to evolve, brand sentiment has emerged...

LASAA Hosts Legislators, Vows Commitment to Visual Order, Safety

L-R: The Chairman, Committee on Information, Security and Strategy,...

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

Equity Trading on Nigerian Exchange Surges 115% as Reforms Draw Foreign, Domestic Investors

Transactions by domestic and foreign investors on Nigerian Exchange...

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

Insurance

Stanbic IBTC Insurance Unveils Manifold Endowment Plan to Stakeholders at Media Engagement

L-R: Akinjide Orimolade, Chief Executive, Stanbic IBTC Insurance; Wole...

Lasaco Assurance Reports N13.19bn Claims Payment, 25% Revenue Growth in 2024

L-R: Deputy Managing Director, Corporate Service, Lasaco Assurance Plc,...

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

‘AMCON Deserves Commendation for Supporting IDPs’

Deputy Governor, Yobe State, His Excellency, Engineer Abubakar Aliyu (standing 5th from left) in a group photograph with some commissioners and senior officials of Yobe State Government and representatives of Asset Management Corporation of Nigeria (AMCON) as well as officials of Education Crisis Response (ECR) during the distribution of AMCON relief materials to Internally Displaced Persons (IDPs) in Yobe State, one of the northeastern states that benefitted in the AMCON intervention…recently.

The Deputy Governor of Yobe State, His Excellency, Engineer Abubakar Aliyu has said a lot still needs to be done in the areas of rehabilitation, reconstruction, resettlement and reintegration of thousands of Internally Displaced Persons (IDPs) in Yobe and other northeastern states that were ravaged by the activities of the Boko Haram activities in the northeast.

Aliyu, who spoke in Yobe at the weekend while commending the kind gesture of the management and staff of Asset Management Corporation of Nigeria (AMCON) who donated scholastic materials to Mainstreamed Learners and Parents Caregivers; starter packs for small scale businesses as well as food items for the affected families in the host communities worth millions of naira also called on other organisations to come to the aide of Yobe and other sister states in the northeast.

He said AMCON’s intervention to IDPs in Yobe came at the time the government of Yobe State under the able leadership of the state governor, His Excellency, Alhaji (Dr.) Ibrahim Gaidam is also doing everything possible to bring an end to the sufferings of the displaced persons in the state.

Aliyu said Yobe State remains perhaps, the most coordinated of all the affected states when it comes to dealing with the challenges of IDPs in the country because the government set up a very powerful committee chaired by his humble self to coordinate every activity that has to do with IDPs in Yobe. For effective coordination and smooth handling of all issues, Engineer Aliyu said the committee, which is further broken down into four sub-committees are responsible for all donations, aides, grants amongst others that arrive the state for onward distribution to the beneficiaries.

He said, “On behalf of the government and people of Yobe State, I welcome you to our state and thank you for the items you have donated to the IDPs in Yobe State. I want to let you know that in Yobe, we are very methodological in handling the issues of IDPs. That was why the governor set up what you can call a one-stop-shop that handles anything IDP in the state because we are dealing with over 300,000 IDPs and 14,000 households that the state government allocated lands for the reconstruction of their houses. The figure is huge and so we need interventions like what you have done because the government alone cannot solve all the problems.

“As we speak, through the hard work and commitment of the state government, we have completed the rebuilding of most of the schools and hospitals. What we encourage donors like AMCON to do is to contact the committee so that we can guide you to channel your donations to areas that are critical. We need AMCON to key into our reconstruction plan for the IDPs, which we have already segmented for easy evaluation. We hope this is not the end of your intervention or assistance to us. I thank you for what you have brought to our IDPs and we believe it would go a long way.”

Earlier in his address, Mr. Hassan Tanko, who represented the Managing Director/Chief Executive Officer, AMCON, Mr. Ahmed Kuru in Yobe told the Deputy Governor that AMCON was moved to assist because of the untold hardship the IDPs were going through due to no fault of theirs.

He said, “Your Excellency, what you are witnessing here today is a clear demonstration of our support to the government and good people of Yobe State. We are concerned by the sufferings of Internally Displaced Persons (IDPs) especially the children and indeed the families that were traumatized and distabilised by insurgence in the northeast, where violent attacks by extremists forced more than 2.2 million people to flee their homes including over one million children who are presently out of school.”

Tanko said AMCON designed the IDP intervention programme for three northeastern states that were worst hit by insurgence. He told the Deputy Governor that the programme was flagged-off in Yola Adamawa State on November 2, where 3000 individuals across seven local government areas of the state benefitted from the relief materials. In Yobe, he stated that the items were meant to go round five local government areas.

Tanko again said, “For us as AMCON, everything that needs to be done must be done to provide succor to these children that are forced out of school. We must all join hands to secure their future though education because that is the best gift you can give a child to secure his or her future. There is also need to support their families. We thank the government and people of Yobe State for accommodating and assisting the IDPs to settle down, we also want to commend the management of USAID-Education Crisis Response (ECR) led by Mr. Ayo Oladini, whom the Management of AMCON selected among all the non-governmental organisations working in the northeast to assist AMCON in the distribution of these relief materials. We thank Almighty God for the peace that is gradually returning in the northeast and pray that as a people, we would not face this sort of crisis again.”

Hot this week

Tinubu Sacks Service Chiefs

President Bola Ahmed Tinubu has sacked the service chiefs...

Equity Trading on Nigerian Exchange Surges 115% as Reforms Draw Foreign, Domestic Investors

Transactions by domestic and foreign investors on Nigerian Exchange...

Stanbic IBTC Insurance Unveils Manifold Endowment Plan to Stakeholders at Media Engagement

L-R: Akinjide Orimolade, Chief Executive, Stanbic IBTC Insurance; Wole...

Stanbic IBTC Pension Managers Champions Flexible Pension Options for Nigerians at Home, Abroad

Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic...

Lasaco Assurance Reports N13.19bn Claims Payment, 25% Revenue Growth in 2024

L-R: Deputy Managing Director, Corporate Service, Lasaco Assurance Plc,...

Topics

NITDA Threatens MDAs over .GOV.NG Compliance

The management of National Information Technology Development Agency (NITDA)...

Stanbic IBTC Bank Strengthens Regulatory, Customer Relations with Strategic Trade Forum

Stanbic IBTC Bank’s Corporate and Investment Banking (CIB) division...

Lagos Shopping Festival 2015

The Lagos shopping Festival 2015 is set for Thursday, Friday and Saturday, December 17, 18 and 19 at Tafawa Balewa Square TBS, Lagos. Over 350 local and international exhibitors are expected at the Festival. Also, an estimated 1.5 million visitors are expected to visit the 3-day festival. For participation and enquiries, pls call 08023088874. Email: contact@lagosshoppingfestival.com.ng. Or visit the website at www.lagosshoppingfestival.com.ng.

Building the COVID-19 Word Register

  By Elvis Eromosele Since COVID19 burst into our consciousness in...

Tana Africa Offloads 25% Stake in Promasidor for $399m

Investment firm, Tana Africa Capital sold its 25% stake...

NSE Unveils Composition of New Market Indices July 1

The Nigerian Stock Exchange (NSE) will unveil the composition of new market indices on Wednesday, July 1, 2015. This follows the results of the bi-annual review for The NSE 30 and the five sectoral indices of The Exchange - The NSE Banking, The NSE Consumer Goods, The NSE Oil & Gas, The NSE Industrial and The NSE Insurance. The Nigerian bourse began publishing The NSE 30 Index in February 2009 with index values available from January 1, 2007. On July 1, 2008, the NSE developed four sectoral indices with a base value of 1,000 points, designed to provide investable benchmarks to capture the performance of specific sectors. The sectoral indices comprise of the top 10 most capitalised and liquid companies in the Banking, Insurance and Food/Beverage & Tobacco (now Consumer Goods) sectors and the top five most capitalised and liquid companies in the Oil & Gas (Petroleum Marketing) sector.

NEM: ‘The Most Media-Friendly Insurance Company of the Decade’

L-R: Mrs. Moji Teluwo, DGM, Corporate Affairs, NEM Insurance...
Exit mobile version