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emPLE, Ecobank Reward Families, Promotes Financial Literacy with ‘Protecting Little Dreams’ Initiative

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emPLE Nigeria, in partnership with Ecobank Nigeria, has reinforced its commitment to financial inclusion through the Protecting Little Dreams Initiative, a Children’s Day campaign aimed at promoting financial literacy and insurance awareness among children, while encouraging parents to start securing their children’s financial futures from an early age.

The initiative invited children and their parents to participate in a challenge by sharing short videos about the most meaningful thing their parents had ever done for them. Beyond celebrating the parent-child bond, the campaign encouraged meaningful conversations around financial responsibility, long-term planning and the importance of protecting the dreams of the next generation.

The campaign culminated in an award presentation at the Ecobank Head Office in Lagos on June 24, 2026, where five winning families received a combined cash prize of N1.2 million. The grand prize winner received N500,000, the first runner-up N300,000, the second runner-up N200,000, and the fourth- and fifth-place winners each received N100,000.

The initiative is part of emPLE’s broader strategic objective to deepen insurance penetration by increasing awareness and adoption of its retail insurance solutions across Nigeria.

Recognising that financial habits are often formed at home, the campaign was designed to encourage parents to introduce their children to essential financial concepts early, helping them understand the value of saving, financial planning, and protection from a young age.

Speaking on the initiative, Jolaolu Fakoya, Managing Director, emPLE Life Assurance Limited, said, “One of our key priorities this year is to deepen insurance penetration by making insurance easier to understand, more accessible and more relevant to everyday Nigerians. The Protecting Little Dreams Initiative reflects that commitment by introducing families to the importance of financial protection through a simple but meaningful experience. We believe that when children grow up understanding the role insurance plays in protecting dreams and preserving financial stability, we are laying the foundation for a more financially secure society.”

He added, “What has been most inspiring is witnessing families forge lasting memories through conversations that will define their children’s futures. Behind every child’s dream stands a parent who has chosen foresight over hindsight, sacrificing today to secure tomorrow. We consider it a privilege to champion these aspirations, reinforcing for families that safeguarding what matters most is not a response to crisis, but a decision made well before life demands it.”

Commenting on the initiative, Aderonke Smith, Head, Bancassurance, emPLE Nigeria, said:

“At emPLE, we believe financial security starts with intentional planning. Through our partnership with Ecobank, we are making it easier for parents to take meaningful steps towards securing their children’s future. By combining financial education with accessible insurance solutions, we are helping families understand that preparing for tomorrow starts with the decisions we make today. Our goal is not only to protect lives but also to empower families with the confidence to build a more secure future for the next generation.”

As part of the initiative, families received the emPLE Term Life Plan, securing their loved ones’ financial future should the unexpected occur.

The Protecting Little Dreams Initiative reinforces the shared commitment of emPLE and Ecobank to advancing financial inclusion through education, collaboration, and accessible financial protection solutions.

 

About emPLE

emPLE is a Nigerian insurance brand operating through emPLE General Insurance Limited and emPLE Life Assurance Limited, focused on delivering accessible protection solutions grounded in governance discipline, operational excellence, and sustainability.

 

IPMAN Kicks Against Issuing Licences for Petroleum Products Import

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has kicked against the issuing of licences to some companies for the purpose of importing petroleum products into the country.

In a voice note released to journalists in Abuja, IPMAN National Publicity Secretary, Chinedu Ukadike, said the move is worsening price volatility of petroleum products in the country, as well as putting unnecessary pressure on the naira.

Ukadike who spoke with regard to recent developments in the downstream sector of the petroleum industry, said independent marketers had studied the developments closely, especially price volatility, the import licencing regime, and the sale of petroleum products in dollar, and came to the conclusion that the recent issuing of licences to some companies for the importation of petroleum products is not in the best interest of Nigerians.

He therefore called on the Federal Government to look into the matter transparently through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), with a view to reviewing the move.

He said that the issuing of licences for the importation of petroleum products which is meant to serve as a check on the prices of domestically refined petroleum products, is not achieving the results expected by independent marketers.

He explained that landing price of petrol is N1,350 or about 20 per cent higher than the price being sold by Dangote Refinery, which he argued makes the importation of the product counterproductive. He argued that importing petroleum products at a higher cost than locally available products does not make economic sense.

Ukadike linked the granting of licences for the importation of petroleum products to recent pressure on the naira which has led to the depreciation in the exchange rate of the currency to N1,400 to the dollar, which he said, in turn, was affecting the pump price of petroleum products across the country.

He noted that the one major gain Nigeria has recorded from local refining is a continuous, uninterrupted supply of petroleum products, something the country struggled with in the past when it depended heavily on imports.

“If we have a continuous, uninterrupted supply, our problem is pricing. Is it not better to sit down and see how this issue can be controlled than to sign unnecessary import licences that will further inflate the price of petroleum products in our country?” he asked.

Ukadike called for stronger support for local refining capacity, including government-owned refineries alongside Dangote Refinery, describing this as necessary for the country’s energy security. He said Nigeria should prioritise its own refining capacity rather than depend on imports.

He said that since the Dangote Refinery came on stream, scarcity of petroleum products which was a perennial problem has become a thing of the past.

He therefore urged the Federal Government to look inward and support the domestic refining of petroleum products to guarantee energy security, ensure sufficient local supply, and generate additional foreign exchange for the country through exports.

Stanbic IBTC Empowers MSMEs with Business Growth Insights at Nigeria Business Summit Regional Tour in Ibadan

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Micro, Small, and Medium Enterprises (MSMEs) across Oyo State embraced the opportunity to gain practical business insights and growth strategies as the Nigeria Business Summit Regional Tour made its regional stop in Ibadan.

Held on Wednesday, 15 July 2026 at the Jogor Centre, Ibadan, in partnership with the Oyo State Ministry of Investment, Trade, Cooperatives, and Industry, the event built on the momentum of previous tour stops in Katsina and Aba, bringing together business leaders, development partners and government representatives to discuss pathways for sustainable enterprise development across the South-West.

Opening the event, Olajumoke Bello, Head, Enterprise Banking, Stanbic IBTC Bank, welcomed participants to the Ibadan edition of the regional tour and reaffirmed the bank’s commitment to supporting MSMEs through practical business education, strategic partnerships and improved access to growth opportunities.

Lauding the initiative, Oyo State Commissioner for Investment, Trade, Co-operatives, and Industry, Professor Soliu Adelabu, said it was designed to support businesses and strengthen the state’s entrepreneurship ecosystem. He praised Stanbic IBTC for their support for traders, entrepreneurs, and artisans in the state.

Mrs. O.M. Shotonwa-Roagess, Permanent Secretary, Oyo State Ministry of Women Affairs and Social Inclusion, highlighted the importance of strategic partnerships in expanding economic opportunities for women and vulnerable groups across Oyo State.

She noted that the ministry remains open to collaborating with organisations such as Stanbic IBTC, development partners and the private sector to drive financial inclusion, entrepreneurship and sustainable economic empowerment.

Participants engaged in practical masterclasses on export opportunities; access to finance and business growth strategies; gaining actionable insights into market expansion; trade documentation; credit readiness; financial record-keeping; and structured financing solutions designed to support long-term business success.

Reinforcing Stanbic IBTC’s commitment to enterprise development, Wole Adeniyi, Chief Executive, Stanbic IBTC Bank, highlighted the importance of providing businesses with the right support structures to enable sustainable growth and long-term competitiveness.

According to Adeniyi, “at Stanbic IBTC, we believe that sustainable economic growth depends on the success of small and growing businesses. That is why we are focused on providing access to finance, practical advisory support and the connections businesses need to move from ambition to scale.”

Also commenting on Stanbic IBTC’s support for Nigerian businesses, Remy Osuagwu, Executive Director, Business & Commercial Banking, Stanbic IBTC Bank, said, “Our ambition is to be more than a financial institution to Nigerian businesses. We want to be a trusted growth partner, providing the financing, business insights and advisory support entrepreneurs need to build sustainable enterprises and unlock new opportunities.”

The Nigeria Business Summit Regional Tour forms part of Stanbic IBTC’s broader commitment to empowering entrepreneurs through capacity building, financial inclusion and strategic business support, helping enterprises unlock new opportunities for growth and long-term success.

Businesses interested in learning more about Stanbic IBTC’s SME solutions, upcoming capacity-building programmes and regional engagements can visit the Stanbic IBTC website via Stanbic IBTC and follow @stanbicibtc across social media platforms for updates on future events and opportunities.

NGX Chair: Insurance Sector Needs More Marketing, Digitalisation to Increase Penetration, Contribution to GDP

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Remarks by Dr. Umaru Kwairanga, Chairman, Nigerian Exchange Group (NGX) at the 53rd presidential investiture of the Chartered Insurance Institute of Nigeria (CIIN) in Lagos. 

I am very happy to witness the investiture ceremony of Mr. Akinjide Orimolade as the 53rd President and Chairman of Council of the Chartered Insurance Institute of Nigeria.

Let me begin by congratulating the immediate past President of the Institute, the Amazon, Mrs. Yetunde Ilori, FIIN, on the successful conclusion of an eventful tenure.

I also welcome Mr. Akinjide Orimolade to the hot seat at the zenith of the insurance profession. Going through your CV, I am confident that you are worthy of this lofty position and that you will move the Institute to new heights.

With almost three decades in the insurance industry and stints as Managing Director in firms such as Zenith Insurance, Law Union and now Stanbic IBTC Insurance Ltd, I believe you have an in-depth understanding of the industry and what it needs to attain its proper position in the Nigerian economy.

The insurance industry is a major anchor of many country’s economies, but in Nigeria, awareness and usage of insurance is still low and its contribution to GDP is underwhelming.

I believe that to improve the insurance penetration rate, the Institute and practitioners must work on improved enlightenment and marketing, digital insurance channels, prompt claims payment, simplified processes and a clampdown on quacks and unprofessional practices to mention a few.

This coupled with higher capitalisation, better customer service and handshakes with related sectors will deepen and broaden the Insurance industry.

At the Nigerian Exchange NGX, we actively pursue synergies and partnerships with professional institutions because such institutions improve the skills and professionalism of those who run the companies that are listed on our boards and help to ensure that we remain an excellent and world class platform.

I therefore look forward to further discussions with the new President and his team on how we can build on this partnership for the benefit of the Institute and the Exchange.

Once more, congratulations to the 53rd President and the Chartered Insurance Institute of Nigeria.

 

Thank you.

Dr. Umaru Kwairanga

Chairman

NGX Group

NAICOM Boss Charges CIIN on Professionalism, Ethics, Innovation as Jide Orimolade Emerges 53rd President

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The Commissioner for Insurance/CEO, National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin has called on the Chartered Insurance Institute of Nigeria (CIIN) to deepen professionalism, ethical conduct and innovation as the insurance industry undergoes major reforms.

The insurance boss gave the charge at the Investiture Ceremony of Mr. Akinjide Orimolade as the 53rd President and Chairman of Council of the Chartered Insurance Institute of Nigeria.

Describing the event as “a call to stewardship at a defining moment,” the CFI noted that the industry’s future will be determined by the quality of leadership, depth of competence and discipline in serving the public interest.

He commended the outgoing President, Mrs. Yetunde Olubunmi Ilori for her visionary leadership which strengthened CIIN’s position as the foremost professional body for insurance practitioners in Nigeria.

Congratulating the new President, he expressed confidence in Mr. Orimolade’s leadership, noting that his record as an accomplished professional and advocate of continuous learning positions CIIN well for the challenges ahead.

Key Focus Areas for the New CIIN Leadership

The Commissioner urged the new Council to focus on three priorities:

  • Deepen Professionalism and Ethics: Raise standards of practice, ethical judgement, and continuous professional development to match regulatory ambition.
  • Build the Talent Pipeline: Expand mentorship, leadership development, and engagement with young professionals and tertiary institutions.
  • Champion Innovation and Public Trust: Equip practitioners with skills for digital transformation, data-driven underwriting, cybersecurity, and inclusive distribution.

On Industry Reforms and Recapitalisation

Highlighting the Nigerian Insurance Industry Reform Act, 2025, the Commissioner stated that NAICOM’s agenda is focused on market conduct, policyholder protection, governance, and financial inclusion.

He emphasised that the ongoing recapitalisation exercise is central to building a resilient market. With 14 days to the July 31, 2026 deadline, NAICOM commended operators making progress but stressed that the deadline is regulatory and must be treated with urgency.

“A stronger capital base must translate into stronger service delivery, prompt claims settlement, improved consumer protection, and a market that Nigerians can trust,” he said.

NAICOM reaffirmed its commitment to a transparent, fair, and firm process and pledged continued partnership with CIIN to ensure professionalism and consumer confidence remain at the heart of industry growth.

Role of CIIN in Supporting Compliance

The Commission urged CIIN to:

  • Translate regulatory expectations into professional capacity through CPD, compliance education, and board training.
  • Strengthen ethical and market conduct standards, including fair treatment of policyholders and prompt claims handling.
  • Support industry readiness by identifying compliance gaps and providing professional input to NAICOM.

In conclusion, the Commissioner congratulated Mr. Orimolade and CIIN, stating that the dream of a vibrant, trusted, and globally competitive Nigerian insurance industry requires stronger capital, better conduct, innovation with responsibility, and professionals who understand that “insurance is first a promise to the public.”

He assured CIIN of NAICOM’s continued partnership and regulatory support.

 

 

Experts Charge Stakeholders to Address Healthcare Challenges

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Experts have charged stakeholders to address challenges limiting the expected progress in the healthcare system in the country.

With the stringent current economic conditions, which is reducing disposable income, Nigerians are now resorting to self-medication for treatment of their ailments.

Speaking at a media training put together by Leadway Assurance in Lagos for Members of Nigerian Association of Insurance & Pension Editors (NAIPE), Oluwafemi Awoleye, Team Lead, Commercial Business at Leadway Health identified difficulty in accessing healthcare services or seeing doctors, brain drain of medical professionals and shortage of healthcare workers, inadequate funding, poor investment in infrastructure and technology and issues with the mode of reimbursement to hospitals as some of the gaps.

Others are delay in claims payment to hospitals and broken pharmacy supply chain, leading to lack of medication at hospitals, urging journalists to amplify these issues through their different media organisations.

Awoleye warned that if the aforementioned gaps are not met, such poses a serious threat to the health and wealth of the country, since the output of every economic activity is a function of good health of its human capital.

Leadway health urged the media to play a more proactive role by holding policymakers accountable and driving public awareness that could spur meaningful reforms.

He stressed that the media remains a powerful catalyst for change, capable of shaping public discourse, influencing policy decisions and promoting evidence-based reporting on critical health challenges. He maintained that sustained and responsible journalism would not only expose systemic deficiencies but also spotlight innovative solutions, mobilise stakeholders and strengthen the collective push towards a more accessible, equitable and resilient healthcare system in Nigeria.

“The media can inquire about the level of compliance on the ground. Are employers in every State actually enrolling staff – or treating it as paperwork? Where does the money go? How are capitation and fee-for-service increases changing provider behaviour and quality?”

Meanwhile, the Group CEO, Billsbox Services Limited, Dr. Monday Ashibogwu said AI is not a destroyer, but anyone can be destroyed using AI carelessly.

Speaking on the topic, Publishing in an Era of Artificial Intelligence, Ashibogwu charged journalists to protect their credibility in the age of synthetic media and strive to identify opportunities and threats Al presents and explore all with wisdom.

“While integrating Al into newsroom operations, we must use Al responsibly in content creation and develop an Al strategy for sustainable publishing”

He noted that Artificial Intelligence will not replace journalists, but Journalists who use Artificial Intelligence will replace those who don’t. “AI can aid in investigations and boost productivity, however journalists must be circumspect”

He urged journalists to watch against hallucinations, fabricated quotations, deep fakes, plagiarism, copyright violations, privacy breaches, manipulation, misinformation, and the worst of it, loss of public trust.

The expert outlined an action plan for publishers and content creators: “Develop an Al policy, train newsroom staff on Al use, adopt Al responsibly across teams, create verification procedures, review copyright compliance, and experiment with Al tools. Because the future belongs neither to traditional journalism nor to artificial intelligence alone. It belongs to journalists who combine human wisdom with machine intelligence” he added.

Leadway Pensure Charge Nigerians on Early Retirement Planning

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Leadway Pensure has charged Nigerians to plan for early retirement planning to have a secured future.

Speaking on the paper titled: ‘Building Financial Wellness: The Role of Retirement Planning,‘ at a one-day training workshop organised by Leadway Group for Insurance and Pension Journalists, the Head of Personal Pension Plan at Leadway Pensure PFA, Mrs. Rahinatu Omolamai called on Nigerians to embrace early retirement planning as a critical tool for combating old-age poverty.

She warned that rising living costs, unstable incomes and changing work patterns have made financial preparedness more urgent than ever, adding that retirement planning should no longer be viewed as an option reserved for salaried workers but as a necessity for everyone who earns an income.

According to her, the current economic realities facing Nigerians—including persistent inflation, declining purchasing power and unpredictable income streams have redefined financial wellness and underscored the need for long-term financial planning.

Omolamai stressed that retirement planning is relevant to salaried employees, self-employed professionals, entrepreneurs, freelancers, business owners, sports personalities and Nigerians earning foreign currency, noting that each category has pension products tailored to their needs.

She explained that salaried workers can strengthen their retirement security through additional voluntary contributions under the Personal Pension Plan (PPP), while self-employed individuals can make flexible contributions based on their income.

She added that eligible foreign currency earners can diversify their retirement savings through Fund VII, which allows pension contributions in foreign currency.

The pension expert also dispelled the widespread misconception that pension savings are inaccessible until retirement, explaining that contributors’ savings are divided into retirement and contingent portions, allowing eligible access to part of their funds while safeguarding their long-term retirement benefits.

Highlighting the impact of inflation and currency depreciation, Omolamai noted that the purchasing power of the Naira has weakened significantly over the years, making diversification an important strategy for preserving the value of retirement savings.

She further drew attention to what she described as the “family responsibility gap”—popularly known as “Black Tax”—where many Nigerians shoulder extensive financial obligations for extended family members often at the expense of their own retirement security.

According to her, effective retirement planning can help break the cycle of financial dependence across generations by enabling individuals to support loved ones without jeopardising their future financial wellbeing.

Omolamai also emphasised the importance of starting retirement savings early, noting that time remains one of the greatest advantages in wealth accumulation.

She explained that individuals who began saving at a younger age benefits significantly more from long-term investment growth than those who delayed until later in life.

She described financial wellness as extending beyond income generation to include meeting present needs, preparing for retirement, protecting against financial uncertainty and creating a lasting legacy for future generations.

Omolamai urged the media to intensify public education on retirement planning, saying their reports and programmes could help change public attitudes toward long-term financial security.

“Every article, interview, podcast or broadcast is an opportunity to move someone from procrastination to preparation,” she said.

She reminded participants that the greatest legacy parents can leave for their children is not merely financial inheritance, but ensuring they do not become responsible for funding their parents’ retirement.

IMT Congratulates New NIA, CIIN, NCRIB, PILA Leaders as Industry Takes Shape in a Defining Season of Reform

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Insurance Meets Tech (IMT), Nigeria’s foremost platform for dialogue on innovation and transformation in the insurance industry, congratulates Mrs. Ebelechukwu Nwachukwu on her historic election as Chairman of the Nigerian Insurers Association (NIA) and Mr. Akinjide Orimolade on his investiture this week as the 53rd President of the Chartered Insurance Institute of Nigeria (CIIN).

Their emergence accentuates the renewal of leadership across the industry’s most influential professional bodies, following the earlier elections of Mrs Ekeoma Ezeibe at the Nigerian Council of Registered Insurance Brokers (NCRIB) and Dr Joyce Odiachi at the Professional Insurance Ladies Association (PILA).

These transitions come at a time when the insurance sector is in the midst of its most consequential transformation in a generation, driven by the Nigerian Insurance Industry Reform Act 2025, an ongoing industry-wide recapitalisation exercise and a renewed regulatory push by the National Insurance Commission (NAICOM) to deepen penetration, strengthen market conduct and reposition insurance at the heart of Nigeria’s digital economy. The leaders now at the helm will not merely inherit their institutions. They will steer them through reform.

History was made at the NIA with the election of Mrs. Ebelechukwu Nwachukwu, Managing Director and Chief Executive Officer of Rex Insurance Limited, as the Association’s 27th Chairman and the first woman to hold its highest office.

Her ascension is a landmark for the Nigerian insurance industry, a signal that the sector’s future will be shaped by inclusive leadership and widening possibilities for women across its ranks.

At the CIIN, the industry’s foremost professional and training institution, Mr. Akinjide Orimolade, Chief Executive Officer of Stanbic IBTC Insurance Limited, assumes office as the 53rd President and Chairman of Council.

A chartered insurer with nearly three decades of experience across underwriting, brokerage and executive leadership, his election reflects the Institute’s enduring commitment to raising professional standards, deepening technical competence and preparing the next generation of practitioners for an industry being remade by reform and technology.

These latest transitions join a wider renewal of leadership across the industry’s institutional landscape. At the NCRIB, Mrs. Ekeoma Ezeibe, Managing Director and Chief Executive Officer of Crystal Trust Insurance Brokers Limited, serves as the 23rd President and Chairman of the Governing Board, making her the third woman to lead the Council in its 63-year history.

Her emergence is a testament to her professional excellence, integrity and visionary leadership within the broking community, and to the confidence her peers had in her ability to steer the Council through a period of profound industry transformation.

At PILA, Dr. Joyce Odiachi, Acting Managing Director of International Energy Insurance (IEI) Plc, serves as President. Her election crowns a distinguished career defined by resilience, competence and strategic vision, and positions her to extend PILA’s enduring legacy of empowering women and nurturing the industry’s future leaders.

Extending his congratulations, Odion Aleobua, Convener of Insurance Meets Tech and Chief Executive Officer of Creato Urban, said:

“This is a defining moment for our industry. The four most influential institutions welcome new leaders against the backdrop of the most ambitious reforms the insurance sector has seen in decades. Their emergence is an invitation to build an insurance industry that is stronger, more trusted and more relevant to the everyday Nigerian. It will take exactly this calibre of leadership to answer that invitation. We are especially proud to witness the NIA’s first female Chairman take office, a milestone that tells every young woman in this industry that no room is closed to her.”

“Over the years, we have enjoyed longstanding and productive relationships with all four of these reputable institutions, whose participation has consistently enriched the quality of dialogue and thought leadership on the IMT platform. As we look ahead to the landmark 5th Edition of Insurance Meets Tech this September, we look forward to deepening collaboration with the new leadership in driving innovative solutions, supporting the industry through this reform era and advancing inclusive growth across Nigeria’s insurance and financial services landscape, Aleobua concluded.

IMT extends its sincere appreciation to the outgoing leadership of the NIA, CIIN, NCRIB and PILA for their invaluable contributions to the growth and development of Nigeria’s insurance industry.

 

ABOUT INSURANCE MEETS TECH

Insurance Meets Tech is Nigeria’s leading platform that convenes insurance, technology, and financial services stakeholders to drive dialogue, innovation, and collaboration across the industry.

Its landmark 5th Edition (IMT 5.0) will be held in Lagos on September 18, 2026, under the theme “Building Insurance That Connects.”

NLNG Celebrates Prof Bart Nnaji at 70, Honours His Contribution to Science, Innovation

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NLNG has paid tribute to Professor Bart Nnaji at 70, highlighting his more than two decades of contribution to the governance, credibility and international reach of The Nigeria Prize for Science and Innovation.

The former Minister of Power and Chairman of the Prize’s Advisory Board was honoured at a colloquium marking his birthday, where NLNG reflected on his association with the initiative from its formative years over 22 years ago.

Speaking at the colloquium, NLNG’s MD/CEO, Adeleye Falade, represented by Sophia Horsfall, General Manager, External Relations and Sustainable Development, described Professor Nnaji as one of the Prize’s earliest advocates and longstanding advisers.

“Professor Nnaji has been part of the Prize’s journey since its inception in 2004. Through his intellectual leadership, strategic counsel and sustained advocacy, he has helped shape its vision, strengthen stakeholder confidence and advance its role as a platform for scientific innovation and national development,” Horsfall said.

One of Prof Nnaji’s earliest public contributions came at the inaugural Grand Award Night in Abuja on 9 October 2004, where he delivered the keynote address, “Leapfrogging Science and Technology in Nigeria.” The address reinforced the Prize’s founding ambition to promote science and technology as drivers of national development. His early endorsement and advocacy also helped build awareness of the initiative among scientists, policymakers and other stakeholders.

His engagement deepened in 2013 when he participated in a stakeholder review convened by NLNG to strengthen the Prize’s governance and administration. His strategic guidance contributed to reforms that reinforced its processes and renewed stakeholder confidence.

His contribution to the review supported reforms that strengthened the Prize’s processes and renewed stakeholder confidence in its administration.

In recognition of his sustained service, Professor Nnaji was appointed Chairman of the Advisory Board of The Nigeria Prize for Science and Innovation in 2022. In that role, he has continued to support the Prize’s international reach, drawing on his professional standing and extensive network to deepen engagement with leading scientists and researchers around the world.

Falade said Professor Nnaji’s relationship with the Prize had grown beyond his formal responsibilities, making him an important part of its institutional history. He said: ‘To Professor Nnaji, you are family and we celebrate this milestone accomplishment with you and your loved ones.  We wish you good health so you can continue your remarkable contributions to society and Nigeria’s development.’

“Professor Nnaji is part of the history of The Nigeria Prize for Science and Innovation and a valued member of the NLNG family. As he marks this important milestone, we celebrate his distinguished record as a scientist, public servant and leader in Nigeria’s power industry. We wish him good health and many more years of impactful service to Nigeria and the wider society,” she added.

The Nigeria Prize for Science and Innovation established in 2004 and sponsored by NLNG recognises scientists and innovators whose work offers practical solutions to challenges of significance to Nigeria. The competition is open to entries from around the world.

NDIC to Host 2026 IADI-Africa Regional Annual Meeting, Workshop in Abuja

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The Nigeria Deposit Insurance Corporation (NDIC) will host the International Association of Deposit Insurers (IADI) Africa Regional Committee (ARC) Annual Meeting and Workshop from 20th to 23rd July, 2026 in Abuja – Nigeria with the Theme: “Safeguarding Stability: Public Awareness and Crisis Readiness for a Stronger Future.”

The 4-day high-level regional engagement will gather Chief Executives, Directors and senior officials of deposit insurance institutions, financial regulators and other stakeholders within the financial safety net across Africa and beyond. The engagement will deliberate on strategies for strengthening public awareness and crisis preparedness in deposit insurance systems in line with the revised IADI Core Principles.

The focus will be on building and sustaining depositor confidence, enhancing effective communication, improving coordination among financial safety-net participants, and equipping deposit insurers with practical tools for crisis management and resolution. The workshop will also provide a platform for peer learning, sharing of experiences, and addressing emerging risks including financial technology innovations and cyber threats, with a view to strengthening frameworks for effective crisis response across the region.

The programme will feature technical committee meetings, plenary sessions and interactive roundtable discussions covering public awareness in both normal and crisis periods, crisis preparedness and management, system-wide response operations, and simulation exercises designed to test institutional readiness.

The event will be declared open by Mr. Olayemi Cardoso, Governor, Central Bank of Nigeria (CBN). The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele is expected to deliver the Keynote Address.

Other dignitaries expected include Ms. Eva Hüpkes, IADI Secretary General, and Ms. Julia Oyet, Chairperson of the IADI-Africa Regional Committee.

The Chief Host of the Conference is Mr. Thompson Oludare Sunday, Managing Director/Chief Executive, NDIC.

Is Investing for Me? Rethinking Who the Stock Market is Actually Built For

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By Robinson Kolawole

“Investing is not for someone like me.” This is a very common opinion held by millions of eligible Nigerians who have never explored the stock market, thanks to a misconception in the Nigerian personal finance space that has lingered for far too long.

The belief usually stems from somewhere honest. Financial media often feature executives, analysts, and high-net-worth individuals discussing markets in language clearly designed for people who already understand the market.

Television segments about the Nigerian Exchange (NGX) frequently show trading floors and men in suits. None of this is wrong, exactly, but it has created a quiet, persistent impression that the stock market is the preserve of a financial elite.

For millions of ordinary, hardworking Nigerians, that impression has become a closed door they never tried to open.

Who is eligible to participate?

The honest answer is: any Nigerian adult with valid means of identification, a bank account, and the willingness to open an account with a licensed stockbroker. There is no minimum income requirement, no university degree requirement, and no requirement of any profession or social status.

A driver, a tailor, a nurse, a civil servant, and a company executive are all equally eligible, under Nigerian law and NGX rules, to open a stockbroking account, popularly known as a Central Securities Clearing System Account or CSCS account, and begin learning how the market works. This may surprise many readers, simply because it has never been stated plainly to them before.

Affordability is not the barrier

What has kept many ordinary Nigerians out has never been the cost of entry. It has been the absence of investment education, someone explaining, patiently and credibly, that the door was open in the first place.

When Nigerians hear about companies such as Dangote Cement declaring substantial dividends to shareholders year after year, it can sometimes reinforce another misconception, that only wealthy investors benefit from such corporate success.

However, every shareholder, regardless of the size of their investment, participates in the same dividend declaration on a per-share basis. That is one of the defining features of equity investing: it allows ordinary citizens to own a stake, however modest, in some of the country’s most productive enterprises and share in the value they create over time.

A persistent myth is that meaningful stock market participation requires significant capital, the kind of money out of reach for most working Nigerians. Many licensed stockbroking platforms in Nigeria today, including a growing number of mobile-first platforms, allow account opening at no cost and permit initial share purchases starting from relatively modest amounts.

The specific minimums vary by broker and by the price of individual shares, but the broad principle holds: stock market participation in Nigeria today does not require the kind of capital that excludes the average earner.

What has kept many ordinary Nigerians out has never been the cost of entry. It has been the absence of investment education, someone explaining, patiently and credibly, that the door was open in the first place.

Curiosity, not pressure, is the right starting point

It is worth being explicit about what this conversation is not. It is not an invitation to rush into the market, and it is certainly not a suggestion that investing carries no risk. Like any financial decision, stock market participation deserves careful thought, honest risk awareness, and ideally, guidance from a SEC-registered stockbroker who can answer specific questions. Nobody should feel pressured into participation, and credible financial literacy content never suggests otherwise.

This conversation is a correction that the belief that investing is “not for someone like me” deserves to be tested against the facts of eligibility, cost, and access, not against an outdated mental image of who belongs in a trading hall.

For many Nigerians who hold that belief, the honest answer, once the facts are laid out plainly, is that the market was open to them all along.

Nigeria’s capital market has repeatedly shown that wealth creation is not confined to founders or institutional investors alone.

The growth of indigenous companies such as those within the Dangote Group, particularly Dangote Cement, demonstrates how successful businesses can create value not only through expansion and industrialisation but also by rewarding shareholders through consistent returns, including dividends.

For many investors, that is the essence of the stock market, not merely buying and selling shares, but becoming part-owners of businesses that contribute to national development while creating long-term value for their shareholders.

A door, not a destination

Understanding that you are eligible to participate in the stock market is not the same as deciding to participate.

It is simply the removal of a false barrier, so that whatever decision follows, whether to explore further, to wait, or to choose a different financial path entirely, is made with accurate information rather than inherited assumption.

That, more than any specific investment outcome, is what genuine financial literacy is meant to deliver. In the final analysis, investing is not reserved for a special class of people; it is a financial option available to any eligible Nigerian who is willing to understand it properly and there are companies available to make good returns with your investment.

 

Sovereign Trust Insurance Reinforces Financial Strength with over N2.7bn Claims Paid in H1, Successful Completion of Rights Issue

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Sovereign Trust Insurance Plc has reaffirmed its unwavering commitment to delivering on its promise to policyholders through the prompt settlement of genuine claims, maintaining its reputation as a dependable insurer in Nigeria’s dynamic insurance industry.

As at June 30, 2026, the company had paid claims worth over N2.7bn across its various lines of business, underscoring its capacity to stand by customers when they need it most. The sustained level of claims settlement reflects the company’s strong operational discipline, sound underwriting practices and healthy financial position affirmed by the GCR international rating agency.

This commitment comes on the heels of the successful conclusion of the Company’s Rights Issue, which attracted an impressive level of participation from existing shareholders. The strong response further demonstrates the confidence of investors in the Company’s strategic direction, corporate governance and long-term growth prospects.

Speaking on the company’s performance, The MD/CEO, Lucas Durojaiye, noted that prompt claims payment remains one of the strongest indicators of an insurer’s financial strength and reliability.

Our promise to policyholders goes beyond selling insurance policies. We remain committed to honouring our obligations promptly and efficiently while continuing to build a stronger and more resilient organization for all our stakeholders.”

The successful Rights Issue has further strengthened the Company’s capital base, positioning Sovereign Trust Insurance for enhanced business expansion, increased underwriting capacity and improved value creation for shareholders, customers and other stakeholders.

With a stronger financial foundation and a clear growth strategy, Sovereign Trust Insurance Plc remains focused on deepening customer trust, driving innovation and reinforcing its position as one of Nigeria’s leading non-life insurance companies.

Our promise to policyholders goes beyond selling insurance policies. We remain committed to honoring our obligations promptly and efficiently while continuing to build a stronger and more resilient organization for all our stakeholders.”

MD/CEO, Sovereign Trust Insurance Plc.

Amid the conclusion of a successful rights issue, Sovereign Trust Insurance Plc has reaffirmed its unwavering commitment to delivering on its promise to policyholders through the prompt settlement of genuine claims, maintaining its reputation as a dependable insurer in Nigeria’s dynamic insurance industry.

As at June 30, 2026, the Company had paid claims worth over N2.7b across its various lines of business, underscoring its capacity to stand by customers when they need it most. The sustained level of claims settlement reflects the Company’s strong operational discipline, sound underwriting practices and healthy financial position affirmed by the GCR international rating agency.

This commitment comes on the heels of the successful conclusion of the Company’s Rights Issue, which attracted an impressive level of participation from existing shareholders. The strong response further demonstrates the confidence of investors in the Company’s strategic direction, corporate governance and long-term growth prospects.

Speaking on the Company’s performance, The MD/CEO, Lucas Durojaiye, PhD noted that prompt claims payment remains one of the strongest indicators of an insurer’s financial strength and reliability.

Our promise to policyholders goes beyond selling insurance policies. We remain committed to honouring our obligations promptly and efficiently while continuing to build a stronger and more resilient organization for all our stakeholders.”

The successful Rights Issue has further strengthened the Company’s capital base, positioning Sovereign Trust Insurance for enhanced business expansion, increased underwriting capacity and improved value creation for shareholders, customers and other stakeholders.

With a stronger financial foundation and a clear growth strategy, Sovereign Trust Insurance Plc remains focused on deepening customer trust, driving innovation and reinforcing its position as one of Nigeria’s leading non-life insurance companies.

CIIN Boss, Yetunde llori, Bows Out, Lists Achievements in Office

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Mrs. Yetunde llori, the President/Chairman of Council, Chartered Insurance Institute of Nigeria (CIIN) has bowed out after two years in office.

At a media engagement, she listed her key achievements in office which include:

  • Deepening insurance awareness through the annual Insurance Week
  • Collaboration and partnership with different arms of the insurance industry
  • Engagement of youths through the Hackathon initiative
  • Distribution of insurance books to schools to boost insurance education
  • Training of one million youths in insurance-still ongoing
  • Partnership with the Federal Government on the subject of insurance in WAEC and NECO exams
  • Participation of CIIN in the One Insurance Industry project tour to Abia State. More States on the table
  • Automation of the Institute processes and digital examinations across West Africa
  • Strategic maintenance of the College of Insurance for better training of manpower for the industry

llori said: “We created awareness that deepened and positioned insurance as a protector of the financial economy. We also enriched the quality of CIIN programs, including relevant input from the diaspora to further enrich and add value to our local market. We are ready to draw knowledge in terms of capacity building from within and outside the country.”

She encouraged her successor to continue on the path of collaboration with other professional segments of the industry and build upon the existing platform.

“For instance, after our visit to Abia State under the auspices of the NCRIB President, we have received calls from other States in that regard to take the message of insurance to the States.”

llori commended the media for the support in the period of her presidency of the CIIN. She urged the media to equally extend such support to her successor.”

WorldStage Business Forum Q2 2026: Prof. Baale Makes Case for Building World-class Nigerian Corporate Culture

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L-R: Mr. Segun Adeleye, President/CEO, World Stage Limited; Prof. Lere Baale, CEO, Business School Netherlands International receiving a plaque from Chief Emeka Obegolu, President, Abuja Chamber of Commerce & Industry (ACCI) at the WorldStage Business Forum Q2 2026 and Public Presentation of the WorldStage Nigeria Economic Report Q1 2026 on June 30, 2026 in Lagos. 

Prof. Lere Baale, CEO, Business School Netherlands International has made a case for Nigerian organisations to intentionally build cultures around five pillars of responsiveness, respect, reliability, responsibility and relationships if they really want to compete globally.

A distinguished global pracademic, scholar-practitioner and transformational leader with over 40 years of cross-sector experience spanning healthcare, telecommunications, education, corporate strategy and public policy, Prof. Baale in his presentation as a Guest Speaker at the WorldStage Business Forum Q2 2026 and Public Presentation of the WorldStage Nigeria Economic Report Q1 2026 on June 30, 2026, said  leading organisations in Europe, North America, Asia or emerging economies have been consistently  investing in culture, a pattern that Nigeria cannot ignore.

Dissecting the theme of the talk, “Nigeria’s Corporate Culture and Global Standard”, Prof Laabe addressed the topic from four parts – Corporate Culture and Why it mattersCustomer Experience is the New Competitive Advantage & The Human Side of BusinessBuilding a World-Class Nigerian Corporate Culture & The Nigerian Opportunity; and A New Corporate Social Contract. 

His invitation by WorldStage to deliver the business lecture specifically asked him to address what could be regarded as “Corporate Terrorism” where big corporate organisations now disregard the least reasonable courtesy at relating to the public and small businesses, regarding things like responding to correspondences- physically or electronically, returning phone calls, non-granting of interviews by MDs except to foreign media among others.

Commending WorldStage for consistently providing a platform for meaningful national conversations on business, governance, leadership, and economic development, Prof Laabe said: “While the phrase “Corporate Terrorism” may be provocative, the concern is real.

He explained that many people had experienced situations where emails to these big organisations remain unanswered for months, telephone calls are ignored, customer complaints disappear into a black hole, business proposals receive no acknowledgement, media inquiries are treated with disdain, senior executives become inaccessible, meetings are postponed indefinitely, stakeholders are treated as inconveniences rather than partners.

The irony is that many of these organisations were once small businesses themselves,” he pondered

He therefore offered to approach the theme that indicted Nigeria’s culture as an honest conversation, not merely about profits, not merely about growth, not merely about economic indicators, but about something that ultimately determines whether organisations survive, thrive, or decline.

According to him, culture is what people experience when they interact with an organisationCulture is how decisions are madeCulture is how customers are treatedCulture is how employees are valued.  Culture is how leaders behave when nobody is watchingCulture is the invisible force that ultimately becomes visible in performance.

He went ahead to point out the danger of bad culture common to many Nigeria’s big organisations, saying, the truth is simple, as an organisation can only fake a strategy for a while, but it can never fake culture for long.

He argued that we live in a world where reputation travels faster than products, where a single customer experience can reach millions of people within minutes.

For instance, he said, a delayed response, an ignored email, an unanswered complaint, a disrespectful interaction, a broken promise among others have the power to influence public perception instantly.

“The era when organisations could hide behind size, market dominance, bureaucracy, or regulatory protection is over,” he said.

We are now operating in an age of transparency, accountability, and stakeholder scrutiny. The organisations that will win in the future are not necessarily the biggest. They are the most trusted.

On the emerging challenge of corporate arrogance, he pointed out that many organisations that exhibit pride had benefited from relationshipsresponsiveness and trust before success arrived.

And somewhere along the journey, humility departed. The greatest danger of corporate success is not failure. It is arrogance,” he said.

He agreed that there are global standards to corporate culture, but many organisations tend to misunderstand them.

According to him, global standards are not expensive buildings, they are not imported furniture, they are not sophisticated websites, they are not foreign accents, they are not international awards, but they “are fundamentally about behaviour.

“Global standards begin with professional discipline.

“Global standards are not about geography.

“They are about mindset.”

He listed certain characteristics that the world’s most respected organisations shared to include, they respond, they communicate, they respect people, they keep promises, they listen, they are accountable, they are transparent, they solve problems, they create value.

He therefore asked, “If a multinational organisation can acknowledge an email within hours, why should a local organisation take months? If world-class institutions can respond professionally to inquiries, why should Nigerian organisations consider responsiveness optional?”

Talking about trust deficit in Corporate Nigeria, he observed that one of the greatest challenges facing many organisations today is declining trust.

Regarding trust as the currency of sustainable business, he said without trust customers would leave, employees would disengage, investors would hesitate, partners could withdraw while reputations will suffer.

“Trust is earned through consistency. It is built through integrity. It is strengthened through transparency. And it is maintained through responsiveness,” he said.

Every ignored stakeholder interaction is a withdrawal from the trust account. Every fulfilled commitment is a deposit.

The future belongs to organisations that understand that trust is not a public relations exercise.  It is a leadership responsibility.

For the big organisations that care to re-examine themselves, Prof Baale said customer experience is the new competitive advantage rather than corporate arrogance.

Whereas there was a time when organisations competed primarily on products, on price and on quality, he said, “today, they increasingly compete on experience.

While customers remember how they were treated, he said, suppliers remember how they were respected, employees remember how they were valued, communities remember how they were engaged.        

The most successful organisations understand a simple principle that people may forget what you said, they may forget what you did, but they will never forget how you made them feel,” he said.

Customer experience is no longer a department; it is a culture.

Looking at the leadership dimension of corporate culture, he argued that corporate culture does not emerge accidentally, but it is created intentionally as culture flows from leadership.

He said, “Employees rarely behave differently from what leaders tolerate. If leaders ignore stakeholders, employees will ignore stakeholders. If leaders are inaccessible, employees will become inaccessible. If leaders demonstrate humility, professionalism, and responsiveness, employees are likely to do the same.

“Culture is not what is written on office walls. Culture is what leaders repeatedly model.

“The strongest organisations build cultures where respect is normal, professionalism is expected, learning is encouraged, innovation is rewarded, accountability is embraced, and excellence becomes habitual.”

On the human side of business, he warned that one of the dangers of modern corporate life is the tendency to forget that businesses exist to serve people, saying, “Global standards require us to combine efficiency with empathy.”

He said: “Behind every email is a human being, behind every complaint is a human being, behind every application is a human being, behind every supplier is a family depending on that business relationship, behind every stakeholder interaction is a relationship that deserves dignity.

For corporate organsations not to lose humanity to technology, he said, technology should improve responsiveness, it should not eliminate humanity; automation should improve efficiency, it should not replace courtesy.

He shared story of Level One Manager at Pfizer where he earlier worked, who became so terribly sick, requiring dialysis to live.

He said the company responded by sending him abroad for dialysis. He was there for about six years.

At a time when he was missing his family and home, he said the family was flown abroad to stay with him on the account of the company.

At a point when he needed to come back home, he said two dialysis machines were bought for him by the company to continue treatment in Nigeria. He was not allowed to share the machines with anyone to avoid been infected with HIV as it was rampant then.

For intensive care, the company employed personal home maids to care for him.

Baale said that experience at Pfizer made him to change his plan from working for the company for only five years to 25 years.

He argued that a good corporate culture will have a positive impact on the employees and this will also rub off on every stakeholder and the prosperity of the organisation.

On steps to build a World-Class Nigerian Corporate Culture, he said organisations must intentionally build cultures around five pillars of responsivenessrespectreliabilityresponsibility, and relationships.

“Every stakeholder deserves acknowledgement, not every request requires approval, but every request deserves a response,” he said.

“People should never have to fight for basic courtesy; respect must become non-negotiable.

Promises made must become promises kept, execution remains the ultimate test of professionalism.

Leaders must own outcomes, excuses do not build trust, accountability does.

“Sustainable success is built on relationships, not transactions. The strongest brands are those that consistently nurture stakeholder trust.”

Sharing lessons from Global Best Practices, he said whether it was a case of examining leading organisations in Europe, North America, Asia, or emerging economies, the patterns that consistently emerge include, they invest in culture, they train their people, they measure customer satisfaction, they encourage feedback, they embrace transparency, they continuously improve, most importantly, they understand that every stakeholder interaction contributes to organisational reputation.

The future belongs to organisations that learn faster, adapt faster, and serve better,” he said.

Despite our challenges he highlighted, he still expressed his optimism about Nigeria, saying, “I have worked across multiple sectors, industries, and countriesI have seen extraordinary Nigerian talentI have witnessed remarkable entrepreneurial resilienceI have encountered exceptional leadersI have observed organisations that are already operating at world-class levels. The issue is not capability. The issue is consistency. The issue is scale.  The issue is culture.

He said Nigeria possesses all the ingredients required to build globally competitive organisations and what is needed is a collective commitment to excellence.

A new corporate social contract he envisaged for Nigeria is a commitment that customers will be respected, employees will be valued, suppliers will be treated fairly, communities will be engaged responsibly, media professionals will be treated as partners, stakeholders will not be ignored, trust will be protected, and professionalism will be elevated.

This is not merely good ethics. It is good business,” he said.

On the way forward, he said, “as we look towards the future, we must remember that greatness is not measured by market share alone. It is measured by impact.  It is measured by trust.  It is measured by reputation.

It is measured by the quality of relationships an organisation builds and sustains.

“The organisations that will define the future of Nigeria will not simply be those with the largest balance sheets. They will be those with the strongest cultures. They will be organisations that understand that responsiveness is respect. That professionalism is power. That trust is capital. That culture is strategy. And that global standards begin with everyday behaviour.

Let us therefore commit ourselves to building organisations that are not only profitable but respected. Not only successful but trusted. Not only large but admired. Not only Nigerian in origin but global in standardBecause when Nigerian organisations embrace world-class corporate culture, they will not merely compete globally. They will lead globally.

Mr. Segun Adeleye, President/CEO, World Stage Limited in his opening remark at the Business Forum said the Guest Speaker, Prof Baale and the panelists should be able to do justice to the theme Nigeria’s Corporate Culture and Global Standard.

He said Nigerians would like to know whether there is anything like global standard in the corporate world or it’s a jungle for the survival of the fittest.

“Maybe if we discuss this, some of the big organisations that are guilty may have a rethink,” he said.

“We all operate in a corporate culture that translates to the economy we have today. Most parts of this culture, either good or bad are inherited and have been modified over the years. But one would expect that there will be a minimum standard of how businesses should relate with each other.

He made reference to the Vice President, Kashim Shettima who few days earlier said at a public function that the Micro, Small, and Medium Enterprises (MSMEs) account for 90% of businesses, 60 million jobs in Nigeria.

“But if we take a critical look, we will find out that these small businesses are at the receiving end of oppressive corporate culture. The big businesses of today hardly remember that they once started small,” he said.

“What we have now can be regarded as “Corporate Terrorism” or “Corporate Oppression” where big corporate organisations disregard the least reasonable courtesy at relating to the public and small businesses, as regards things like responding to correspondences- physically or electronically, returning phone calls. In the media space, you can hardly see chief executives of blue-chip companies granting interviews, except to foreign media.”

The business forum attracted top corporate officials and media executives including the Chief Emeka Obegolu, President, Abuja Chamber of Commerce & Industry (ACCI); Hon. Mosopefoluwa George, Lagos State Commissioner for Economic Planning and Budget who was represented by Mr Olufemi Orojimi, Director Budget.

 

 

Insurance Brokers Reaffirm Commitment to Local Content, Digital Innovation at SUPERNEWS Conference

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Deputy President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Mrs. Olufunke Adenusi, representing the Council’s President, Mrs. Ekeoma Ezeibe, delivers her goodwill message at the SUPERNEWS Local Content Conference 2026 and the company’s 10th Anniversary Celebration in Lagos. 

The Nigerian Council of Registered Insurance Brokers (NCRIB) has called for accelerated digital transformation and stronger collaboration between the insurance and oil and gas sectors to strengthen local content, enhance risk management and drive inclusive economic growth.

The Deputy President of the Council, Mrs. Olufunke Adenusi, who represented the President of NCRIB, Mrs. Ekeoma Ezeibe, made the call at the SUPERNEWS Nigeria 10th Anniversary and 2026 Annual Conference in Lagos.

Speaking on the conference theme, “Local Content and Digitization: Building Synergy Between Oil and Gas and Insurance Sectors for Inclusive Growth,” Adenusi described the topic as timely and strategic, noting that effective collaboration between the two sectors remains critical to Nigeria’s economic development.

She pointed out that Sections 49 and 50 of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act mandate operators in the oil and gas industry to insure all insurable risks through insurance brokers registered in Nigeria, saying the provision was designed to strengthen indigenous capacity, retain economic value within the country and build a resilient insurance ecosystem capable of supporting the energy sector.

According to her, although the industry has recorded notable progress over the years, challenges such as inadequate capital, technical capacity gaps and continued dependence on offshore insurance placements still limit the sector’s full potential.

Adenusi commended the launch of the Nigeria Insurance Industry Reform Agenda (NIIRA 2025) and the ongoing collaboration between the National Insurance Commission (NAICOM) and the Nigerian Content Development and Monitoring Board (NCDMB), describing both initiatives as critical step towards addressing the industry’s structural challenges.

She stressed the need to accelerate efforts toward building a competitive, well-capitalised and digitally enabled insurance industry capable of underwriting complex risks in Nigeria’s oil and gas sector.

The NCRIB Deputy President said insurance brokers would continue to play their role as trusted risk advisers and professional intermediaries by promoting innovation, ethical practice and technical expertise across the industry.

She maintained that digitisation has become indispensable to the future of insurance and local content development, adding that technologies such as real-time risk assessment, parametric insurance solutions, blockchain-enabled claims processing and data-driven underwriting present significant opportunities for collaboration between the insurance and energy sectors.

Adenusi further pledged the Council’s full support for initiatives aimed at strengthening partnerships between the two industries, noting that deeper collaboration would boost local content implementation, attract investments, create employment opportunities and promote sustainable economic growth.

She also congratulated SUPERNEWS Nigeria on its 10th anniversary, describing the organisation’s decade of consistent business journalism as a remarkable achievement.

On behalf of the NCRIB President, leadership and members, Adenusi expressed appreciation to the organisers for providing a platform for stakeholders to engage in constructive dialogue and develop practical solutions for advancing Nigeria’s insurance and oil and gas industries.

She expressed optimism that the conference would produce actionable recommendations and stronger partnerships capable of advancing local content objectives and supporting national development.