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STI at 1st International Co-operation, Investment Summit in Calabar

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L-R: Segun Bankole, Deputy General Manager, Corporate Communications & Investor Relations, Ama Bassey-Fynch, Senior Manager, Marketing & Business Development, (Head Office), Chiajulam Anyatonwu, Assistant Manager, Port Harcourt Area Office and Angela Onochie, Assistant General Manager/Eastern Regional Head, Sovereign Trust Insurance Plc at the inaugural edition of the International Co-operation & Investment Summit held at the Calabar International Convention Centre, Calabar, Cross Rivers State.

The Sovereign Trust Insurance Plc delegation is ably represented at the on-going inaugural edition of the International Co-operation & Investment Summit held at the Calabar International Convention Centre, Calabar, Cross River State.

The Nigeria Prize for Literature: Akubuiro, Gomba, Ojomu Make 2023 Shortlist of Three

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The Advisory Board for The Nigeria Prize for Literature has announced the finalists for the 2023 edition of the Prize.

The shortlisted plays in alphabetical order of their titles are:

Grit by Obari Gomba

The Ojuelegba Crossroads by Abideen Abolaji Ojomu

Yamtarawala – The Warrior King by Henry Akubuiro

The Nigeria Prize for Literature is sponsored by Nigeria LNG Limited (NLNG) and carries a cash award of $100,000.

A total of 143 plays were entered for the competition, which focuses on drama.

The Chairperson of the Advisory Board, Professor Akachi Adimora-Ezeigbo, made the announcement in a live broadcast on the Prize’s social media channels.

According to the Board, the plays stand tall in terms of dramatology, language, performance, story, and structure.

The Board also said the plays represent the pinnacle of literary craftsmanship and the artistic convergence that The Nigeria Prize for Literature tirelessly seeks.

The Board stated: “For Grit by Obari Gomba, the judges have applauded it as a great play that transcends its covers. Its pages unfold a captivating narrative that has clearly left an indelible mark and its production quality is nothing short of excellent.

The Ojuelegba Crossroads by Abideen Abolaji Ojomu has deeply resonated with the judges, who commend its rich exploration of our socio-political fabric. The play’s ability to confront everyday struggles and decision-making conflicts while aiming for a harmonious resolution underscores its significant impact.

“Yamtarawala – The Warrior King by Henry Akubuiro captured the judges’ admiration for its dramatic twists, rendering it not only suited for the stage but also the screen. The narrative unfolds in ways that evoke a profound sense of engagement and excitement.”

“Our dedicated judges and the Advisory Board over the years have consistently worked together to seamlessly blend the contemporary heartbeat with the essence of Nigerian literature. This Shortlist serves as a testament to this harmonious fusion and the enduring legacy of our nation’s literary landscape,” the Board added.

The winner will be announced by the Advisory Board on October 13, 2023.

Professor Victor K. Yankah from the Department of Theatre and Film Studies, the University of Cape Coast, Ghana, serves as the International Consultant for this year’s edition of the Prize.

This same time four years ago in the Drama genre, Soji Cole (Embers), Denja Abdullahi (Death and The King’s Grey Hair) and Akanji Nasiru (The Rally) were announced in the 2018 Shortlist of Three. Soji Cole went on to win the Prize. Other playwrights who had been listed in the shortlist in previous years are Friday John Abba (Alekwu Night Dance), Jude Idada (Oduduwa, King of the Edos) and Sam Ukala (Iredi War – Winner) in 2014; Irobi Esiaba (Cemetery Road- Winner), Ahmed Yerima (Little Drops), and Adinoyi Ojo Onukaba (The Killing Swamp) in 2010; and Emeka Egwuda (Esoteric Dialogue), Femi Osofisan (Ajayi Crowther) and Ahmed Yerima (Hard Ground- Winner) in 2006.

Other members of the Advisory Board include Professor Olu Obafemi and Professor Ahmed Yerima.

The Nigeria Prize for Literature rotates yearly amongst four literary categories – prose fiction, poetry, drama, and children’s literature.

Access Pensions Surpasses N1tn AUM Milestone

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Access Pensions Limited, a subsidiary of Access Corporation, has achieved an astonishing feat, surpassing the N1 trillion mark in Assets Under Management (AUM).

In an impressive trajectory, the Company – which emerged from the business combination of Sigma Pensions and First Guarantee Pension in December 2022 – has scaled up its assets under management to surpass the N1 trillion threshold in just six months.

This remarkable feat firmly establishes Access Pensions position as the fourth largest Pension Fund Administrator (PFA) measured by AUM in Nigeria and the second largest PFA, overseeing a portfolio of over 1 million Retirement Savings Accounts (RSAs).

Commenting on this feat, the Managing Director, Access Pensions, Dave Uduanu said: “Our journey to N1 trillion has been guided by a strong commitment to partnering with clients to shape their future.”

While technology served as a cornerstone, Uduanu also attributed Access Pensions’ success to a disciplined investment management approach and a resolute client-centric philosophy.

“Leveraging on technology in service delivery to improve user experience, following a disciplined approach to investment management, and being a member of the largest financial ecosystem in Nigeria, we can offer clients a superior retirement planning experience. Having a client-centric approach has played a significant role as we look to match our client’s needs and aspirations, building trust along the way,” Uduanu continued.

He added that Access Pensions is committed to delivering consistent results, even in challenging times, which has been the cornerstone of its credibility and client promise.

Furthermore, on leveraging technology, Uduanu noted that Access Pensions has invested heavily in technology to enhance its operations and client experiences and that its digital platforms (USSD, Mobile, WhatsApp chatbot) and Contact Centre provide real-time updates, keeping clients informed about their portfolios and requests.

Since its official formation in December, Access Pensions has brought forth innovative products that cater to a wide range of risk preferences, effectively staying ahead of changing demands.

“Our vision is clear – to provide our clients with the financial tools needed to shape their retirement future. We are dedicated to raising the bar in service, performance, and client satisfaction. As we expand, responsible and sustainable investing will remain our priority,” Uduanu added.

With its range of innovative products and remarkable achievements like this, Access Pensions is unquestionably charting a new course for success in the pensions industry and playing a pivotal role in shaping the financial future of Nigerians.

Stanbic IBTC Pension Managers Inspires Women to Shape the Future

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According to a United Nations Women publication, although women’s economic empowerment boosts productivity and increases economic diversification, in addition to other positive development outcomes, globally, over 2.7 billion women are still legally restricted from having the same choice of jobs as men. The trajectory of female emancipation is a necessary revolution.

Stanbic IBTC Pension Managers recognises the potential for greatness possessed by every woman armed with the right tools and orientation, and as part of its long-standing commitment to women empowerment and development in Nigeria, the organisation put together the just concluded third edition of the Ladies At The Table Empowerment Series (LATTES 3.0) themed: “The Woman of the Future.”

One of the highlights of LATTES 3.0 was the dynamic panel discussions that focused on critical challenges faced by women in today’s world. These sessions addressed gender bias, work-life balance, personal development, and financial empowerment. The discussions provided a platform for engaging conversations and helped to create a supportive network among attendees, facilitating collaborations and mentorship opportunities.

The panel discussion at LATTES 3.0 featured distinguished speakers such as Dr. Omolola Salako, Founder of Sebeccly Cancer Care and Pearl Oncology Specialist Hospital; Tobi Ayeni, founder of MissTechy; and Solape Akinpelu, co-founder and CEO of HerVest. These accomplished women shared their knowledge, stories, and actionable tips for success as working women.

During the panel discussion, the speakers highlighted that empowering women directly impacts socio-economic progress. When women have access to education, employment, and economic resources, they can contribute to the growth and development of their communities.

The woman of the future understands the pivotal role of work-life balance in pursuing holistic well-being. She prioritises essential aspects such as self-care, family, and personal growth. Women can attain a more sustainable and fulfilling future by fostering a healthier work-life integration.

Speaking at the event, Olumide Oyetan, Chief Executive, Stanbic IBTC Pension Managers, described LATTES as a critical initiative that unveils a new dawn for women empowerment in Nigeria.

He noted that the Nigerian woman holds multiple roles in her family, career, politics, and society. Being conscious of these roles enables women to cultivate a creative mindset and embrace diverse responsibilities that prepare them for the future.

Juliet Ehimuan, Director of Google West Africa, equally noted in her keynote address that the future belongs to women who dare to dream big and defy societal expectations. She admonished women to harness the power of technology to create the future they envision.

Juliet states, “Women must wholeheartedly embrace the many opportunities with the transformative potential to propel their personal and professional growth to new heights. By actively seeking these opportunities, women can expand their knowledge, broaden their skill sets, and cultivate the confidence necessary to navigate the ever-evolving landscape of life and work.”

Inspenonline Publisher, Chuks Okonta, Bags 2023 NAICOM Online Media Excellence Award

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Mr. Chuks Udo OKonta, Publisher of Inspenonline has won the NAICOM Online Media Excellence Award for 2023.

The award presentation was made to him during the 2023 annual NAICOM Seminar/Retreat for Insurance Journalists held recently at Ibom Hotel & Resort, Uyo, Akwa Ibom State.

Stanbic IBTC Bank Corrects Narrative on Violating BOFIA Act 2020 

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Stanbic IBTC Bank has recently become aware of certain misinformation circulating with respect to its loans to Directors in 2022.

As a socially responsible corporate organisation, Stanbic IBTC Bank is aware of the significance of maintaining transparency and integrity in all its processes.

It is therefore necessary to address these allegations promptly and directly.

It is important to clarify that the Bank’s lending policies are uniform according to the categories of loan applications received.

All loans, regardless of who the recipients may be, undergo a thorough and rigorous review process.

This process ensures that every loan is made on a justifiable basis and in accordance with the Bank’s stringent lending policies; and these policies are in place not only in adherence to legal requirements, but also to uphold our commitment to fairness and integrity.

The Bank’s board members are not exempt from these procedures or the Bank’s internal credit and risk policies as the loans were approved by the appropriate credit committees and were made on commercial terms.

Stanbic IBTC Bank remains committed to conducting its business in a responsible and ethical manner.

The Bank will continue to adhere to all applicable laws and regulations, and will maintain the highest standards of Corporate Governance.

NCDMB, BOI Sign Amendment of MoU on $50m NOGaPS Manufacturing Fund

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The Nigerian Content Development and Monitoring Board (NCDMB) and the Bank of Industry (BOI) have signed an amendment to the Memorandum of Understanding (MoU) on the $50million NOGaPS Manufacturing Fund.

The Fund was created by the NCDMB and domiciled with BOI to attract oil and gas equipment manufacturers to the Nigerian Oil and Gas Parks Scheme (NOGaPS) facilities established by the NCDMB, and increase access to affordable finance by the manufacturing entities.

The signing of the amended MoU took place in Lagos at the 2023 second quarter Review Meeting of the Nigerian Content Intervention Fund (NCIFund).

In his remarks, the Executive Secretary, NCDMB, Engr Simbi Kesiye Wabote underlined the tremendous success of the NCIFund in catalysing capacity development and investments in the Nigerian oil and gas industry. He hinted that the Fund serves as a model for local content practice across the African continent and inspired the creation of the African Energy Bank by the African Petroleum Producers Organisation (APPO), in partnership with the African Export Bank (Afreximbank).

He added that countries like Angola and Namibia are currently engaging the Board, with a view to understand the workings of the NCI Fund, so as to replicate same in their jurisdictions.

In Wabote’s words: “Today, Angola is thinking of establishing a similar credit line for their oil and gas companies. I think the parliament recently approved some sum of money for them to manage in that respect. Namibia is planning to do the same with the potential enactment of a Local Content Act.”

Wabote further commended the Bank of Industry for the successes being recording in the management of the NCI Fund, assuring that the Board will continue to look for other opportunities to increase its partnership with BOI.

He said: “Considering the effectiveness and success recorded by BOI, NCDMB may consider inviting BOI to send a nominee that will act as independent Director to the Board of Directors of some of the companies that we have invested equity in. This will help them overcome some of the prevailing issues around governance, liquidity and technical optimisation.”

On his part, the Managing Director of the Bank of Industry, Mr. Olukayode Pitan expressed confidence in the future performance of the Board’s funds domiciled in the bank while noting that these quarterly review meetings will impact on sustaining the effective disbursements and recovery of these funds.

According to him, the NCI Fund is performing excellently with 194 applications equalling US$1 billion /₦80.6 billion with 69 disbursements totalling US$324 million /₦38.4 billion as at the day of reporting.

The Board established the NCI Fund in 2018 with the purpose of financing Oil and Gas companies to increase capacity and grow Nigerian Content in the Industry Presently, the NCI Fund has five product lines which are being managed by the Bank of Industry. They include – Manufacturing Finance -$10m; Asset Acquisition Finance -$10m; Contract Finance -$5m; Loan Refinance -$10m and Community Contractor Finance – ₦20 million.

The US$50 million NOGaPS Fund was launched as a separate product in March 2023 to incentivize companies that will be domiciled and manufacture oil and gas equipment components within the NCDMB oil and gas parks being established at different locations across the country, with the sites in Bayelsa and Cross River State open for occupation.

The Board also has a US$30 million Working Capital Fund for oil and gas service companies and US$20m Fund for Women in Oil and Gas Intervention Fund. The last two facilities are administered by the Nexim Nigerian Export-Import Bank and the agreements were signed in mid-2021.

Linkage Assurance Unveils Motor Third Party Plus Variants to Enhance Customer Experience

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L-R: Humphrey Ozegbe, Chief Human Capital Officer/Head, Management Services; Moses Omorogbe, Company Secretary; Modupeade Adepoju, Head, ERM/Compliance; Emmanuel Otitolaiye, Chief Financial Officer; Okanlawon Adelagun, Executive Director, Technical; Daniel Braie, Managing Director/CEO; Imo O. Imo, Chief Strategy & Product Development Officer; Ohi Alufohai, Head, Human Capital  and Temitope Solomon, Head, Retail Marketing, all of Linkage Assurance Plc during the unveiling of the Company’s Motor Third Party Plus Variant at its corporate head office in Lagos.

Underwriting firm, Linkage Assurance Plc has unveiled budget-friendly motor third party-plus variants to enhance customer experience.

The Third Party Plus Variants provide policyholders with greater flexibility in choosing insurance coverage that suits their needs and risk tolerance.

Mr. Daniel Braie, Managing Director/CEO, Linkage Assurance Plc speaking at the unveiling ceremony at its corporate headquarters in Lagos said the variants are budget-friendly plans designed with simplicity in mind.

According to him, these make the insurance process straightforward and easy to understand, making it an appealing option for individuals who prefer uncomplicated insurance solutions.

The ‘Third Party Plus Motor Insurance Plan’ offered by Linkage Assurance Plc have value propositions for individuals looking for cost-effective coverage.

The CEO said the primary value proposition of budget-friendly insurance plans is their affordability.

“These plans are designed to offer coverage at a lower premium, which can be especially attractive for individuals looking to meet legal insurance requirements or protect against basic risks without a significant financial burden.”

Braie said the Third Party Plus variants as budget-friendly plans may not offer extensive coverage options, however they provide essential coverage needed to comply with legal requirements and protect against third-party liability and own damage.

“The Third Party Plus fulfill these legal requirements, allowing individuals to drive with confidence while meeting their obligations.”

This can be particularly beneficial for those who primarily wants coverage for potential damages or injuries caused to others in accidents, the CEO said.

Speaking on the cost management, he said for individuals on a tight budget, a budget-friendly insurance plan can help manage the costs associated with vehicle ownership.

“It provides a level of financial protection against unforeseen accidents without requiring a substantial financial commitment.”

These plans he said can be suitable for first-time vehicle owners or young drivers who are starting to build their driving experience.

“They provide a way to enter the insurance market and gain basic coverage without a significant financial outlay.”

The Third Party Plus and its variants will also contribute to insurance penetration, especially in the retail and personal line spaces because it’s associated with No Excess Buy Back, No Depreciation on claims, as well as reinstatement of cover upon erosion due to multiple claims.

NCC Lament Nigeria’s NRI Ranking Despite Telecom, Internet Position in Africa

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Professor Umar Danbatta, Executive Vice-Chairman/CEO, Nigerian Communications Commission (NCC) says Nigeria’s current ranking of 109 out of 131 countries on the Network Readiness Index (NRI) in 2022 is challenging and troubling.

Danbatta said Nigeria as a telecommunications powerhouse, with 82 percent of the continent’s telecom subscribers and 29 percent of the continent’s Internet consumption should have better NRI ranking than the current level of ranking. He added that the challenge becomes even more worrisome given that the nation rates 11th globally in terms of Internet penetration and seventh in terms of mobile phone usage.

The NCC Chief said: “The global data collected by the NRI team reveals that digital transformation is a global imperative in order to maximise the social and economic effects of the digital era.

It can create new inequalities which can hinder the ability of younger generations to engage in the digital economy, but also remains a powerful way to do more with less at all levels of income.

Formal education is evolving, and metrics are important to support informed policymaking. This requires reskilling and upskilling opportunities to be available, accessible, and affordable in order to have more inclusive and sustainable economies and societies.

Nigeria is a telecommunications powerhouse, with 82 percent of the continent’s telecom subscribers and 29 percent of the continent’s internet consumption. Our nation rates eleventh globally in terms of internet penetration and seventh in terms of mobile phone usage. Despite these remarkable metrics, the fact that our Network Readiness Index (NRI) ranking for 2022 is 109th out of 131 countries is both humbling and challenging?”

He described the NRI as a guiding metric that measures the role and impact of Information and Communication Technology (ICT).

“It explores the performances of 131 economies in four key categories: technology (infrastructure), governance, people, and impact. As agents of social and economic transformation in our nation, prioritising network readiness is not only a strategic necessity but a mandate. Throughout our deliberations, we will engage in thought-provoking forum discussions that explore the foundational pillars of NRI, through a number of presentations by renowned professionals in the technology landscape.”

NAICOM: ‘We Are Taking Note of Insurers Violating New Motor Insurance Rates’

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Mr. O. S. Thomas, the Commissioner for Insurance & CEO, National Insurance Commission (NAICOM) says the Commission is actively monitoring and taking note of insurance companies actively violating the new motor insurance rates in the country.

Thomas said at the 2023 Annual NAICOM Retreat for Insurance Journalists at Uyo, Akwa Ibom State, that the Commission will take punitive action against such insurers at the right time.

The NAICOM Chief said: “We’re taking regulatory note of insurers violating the new motor rates, which has come to stay. The system is adjusting to the new reality.”

He said the Commission has received a lot of commendations from various sources in respect of the N15, 000 Third-Party Motor Insurance despite the relative backlash from certain policyholders in the market.

In terms of micro-insurance, he said the challenges of micro-insurance growth in Nigeria include networking, infrastructure, insecurity and the recent rising cost of operations.

Allianz Nigeria Unveils Revamped Savings Product, AllianzTrust, Empowering Financial Futures

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Allianz Nigeria, a trusted name in the financial services industry is thrilled to announce the introduction of the revamped savings plan, AllianzTrust. This comprehensive savings solution has been meticulously redesigned to safeguard our customers’ finances amidst the current challenges being faced as a result of recent economic changes.

The revamped AllianzTrust features an array of variants, flexible savings options, competitive interest rates and a wealth of benefits; thus affirming Allianz Nigeria’s commitment to our customers’ financial prosperity.

The key feature of this upgraded savings plan is a structure that offers a variety of tenor options, allowing you to tailor your savings journey to match your unique objectives. Moreover, the plan offers comprehensive life and accidental death coverage, medical expense benefits, and more.

Commenting on the product revamp, Aimalohi Higo, Head of Alternative Distribution, Strategy, and Reputation, noted, “Amidst the evolving landscape, we, as Nigeria’s entrusted financial leader, have deeply contemplated avenues to alleviate financial concerns. Thus, we are introducing a revamped product, poised to reshape the financial futures of our valued customers. At Allianz Nigeria, we steadfastly believe in the potential within each individual to attain financial freedom. The revamp of AllianzTrust underscores our unwavering dedication to this conviction”

To commemorate the introduction of AllianzTrust, Allianz Nigeria is extending a warm invitation to all existing and potential customers to explore its features and benefits on their official website. Secure your financial future confidently through our revamped savings plan and embark on a transformative journey towards financial empowerment.

 

About Allianz Nigeria Insurance Limited:

Allianz Nigeria Insurance Limited stands as one of Nigeria’s fastest-growing insurance companies, offering a comprehensive portfolio of insurance products to individuals, small and medium-sized enterprises (SMEs), as well as commercial and corporate clients. Boasting a robust geographical network that spans across Nigeria, we are dedicated to assisting individuals, families, and businesses in safeguarding their futures.

Our solid financial foundation and technical prowess drive our commitment to delivering cutting-edge insurance products.

Our strategy revolves around the quality of our clientele, the expertise of our workforce, and the highest professional standards.

We are steadfastly committed to becoming one of Nigeria’s most reputable and trusted insurance providers, offering you the protection you need to preserve what matters most.

Allianz Nigeria Announces Relocation of Ibadan Branch to FD Mall

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Allianz Nigeria, a leading provider of insurance and financial services, is delighted to announce the relocation of its Ibadan branch to a more central and convenient location, effective June 2023.

The new office is now located at FD Mall, 13B University Crescent Beside Foodco Old Bodija, Ibadan, Nigeria.

The decision to relocate the Ibadan branch underscores Allianz Nigeria’s commitment to providing exceptional services and improved accessibility to its valued customers.

The new office at FD Mall offers a central location, ensuring increased convenience and a seamless experience for all clients.

“We are thrilled about the relocation of our Ibadan branch to FD Mall and the opportunities it brings,” said Mr. Abayomi Onifade, CEO of Allianz Nigeria. “The new location strategically positions us at the heart of Ibadan, enabling us to better serve our clients and strengthen our presence in the local market.”

Allianz Nigeria assures its valued customers that despite the relocation, its commitment to delivering high-quality insurance products, services, and support remains unwavering.

All contact numbers, email addresses, and communication channels remain unchanged, ensuring uninterrupted access to Allianz Nigeria’s comprehensive range of insurance solutions.

Allianz Nigeria would like to express its sincere gratitude to its customers for their continued trust and partnership.

The company is committed to going above and beyond to meet their insurance needs and provide them with peace of mind.

 

About Allianz Nigeria

Allianz Nigeria is a leading provider of insurance and financial services in Nigeria. With a strong focus on customer satisfaction and innovation, Allianz Nigeria offers a wide range of insurance products tailored to meet the diverse needs of individuals and businesses. With a dedicated team of professionals, Allianz Nigeria is committed to providing reliable, comprehensive, and personalized insurance solutions.

NAICOM Takes Third Party Motor Insurance Awareness to Uyo

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The National Insurance Commission (NAICOM) has taken public awareness of third-party motor insurance to Itan Central Park at Uyo, Akwa Ibom State.

Mr. Rasaaq Salami, Deputy Director, Corporate Communication & Market Development, represented the Commissioner for Insurance at the event, which was attended by a large number of commercial drivers in the State.

NLNG Visits President Tinubu to Deepen Collaboration, Ease of Doing Business

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President Bola Tinubu (GCFR) with members of Nigeria LNG Limited’s Board of Directors after a visit to the President at the State House…recently.

The Board of Directors and Management of Nigeria LNG Limited paid a courtesy visit to the President of the Federal Republic of Nigeria, His Excellency, President Bola Ahmed Tinubu, at the Presidential Villa in Abuja.

During the visit, Chairman, NLNG Board, HRM King Edmund Daukoru, CON, expressed profound gratitude to President Tinubu for his unwavering support in bolstering Nigeria’s position in the global energy landscape. He acknowledged the crucial role NLNG has played in Nigeria’s economy, noting the need for government support in resolving some challenges the Company is presently facing.

Speaking at the visit, the MD/CEO of Nigeria LNG Limited, Dr. Philip Mshelbila, stated that since inception, NLNG has contributed enormous revenue to the government through dividends and taxes, noting that the FIRS declared the Company as the largest tax-paying Company in 2022.

Mshelbila also emphasised that NLNG’s Domestic LPG (DLPG) Scheme has guaranteed LPG supply, availability, and affordability and has also stimulated the development of different parts of the DLPG value chain in Nigeria, with 100% of produced LPG volumes from NLNG dedicated to the domestic market, supplying about 40% of Nigeria’s domestic LPG demand.

He stressed that challenges around pipeline vandalisation have constrained NLNG’s production with consequent loss of revenue to the government. Besides, multiple taxation from various government agencies and the Finance Act, which is being amended yearly, distorts corporate planning and puts business on the back foot, stifling investor confidence and investment opportunities in the sector.

President Tinubu, in his response, thanked NLNG for the visit and commended NLNG for its steadfast commitment to excellence and immense contributions to the GDP, acknowledging the critical role the Company plays in Nigeria’s economy.

Tinubu affirmed the importance of Gas not just as a transition fuel but also as the fuel for the future, assuring that the Gas Sector would get priority attention in this administration. He assured the Board that all encumbrances to the progress and development of Nigeria’s industrial citizens as well as any further impediment to the business practice in the oil and gas sector would be swiftly removed.

President Tinubu emphasised that for the oil and gas industry to thrive, all stakeholders in the value chain, especially the host communities, need to be engaged and carried along to enable the government to build confidence and trust.

He urged the Board and Management of NLNG to continue to collaborate with the government to ensure that issues can be resolved quickly and efficiently while reiterating his administration’s commitment to ensuring that businesses thrive to generate economic prosperity and sustainable development.

STI DGM, Segun Bankole, Buries Dad in Style at Abeokuta

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L-R: Oluseun O. Ajayi, Chairman, Sovereign Trust Insurance Plc; Segun Bankole, DGM, Corporate Communications & Investor Relations, STI Plc; Abimbola Oguntunde, Director, STI Plc and Olaotan Soyinka, MD/CEO, Sovereign Trust Insurance Plc during the burial ceremony of Pa. Basil Omolola Bankole, a.k.a, Baba Soja, in Abeokuta, Ogun State.

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