L-R Brand Manager, Leadway, Adewale Fayiga; Brand and Communications Manager, Leadway, Niyi Abiola; Head Teacher, Idera Primary School, Ikosi Ketu, Ajayi Comfort Olubunmi; Representative of Lagos State Universal Basic Education Board (LASUBEB), Mrs. Elliot Folake Ayisat and Corporate Communications and CSR Manager, Leadway, Motolani Babalola during the book donation and book reading drive tagged ‘Pages to places by Leadway’ held at Idera Primary School in Lagos on Wednesday, 3rd June, 2026. 

Leadway, Nigeria’s leading non-banking financial and wellbeing conglomerate, has announced the commencement of the fourth edition of its flagship “Pages to Places” school outreach initiative.

Scheduled to begin on June 3, 2026, the programme will be implemented in six key locations in Nigeria, cutting across Lagos, Warri, Ekiti, Port Harcourt, Kaduna, and Abuja, reaching public primary schools with critical educational resources designed to promote literacy and learning.

Now in its fourth year, Pages to Places has become a cornerstone of Leadway’s commitment to improving educational outcomes and expanding opportunities for young Nigerians. Through the donation of carefully curated literature books and the deployment of mobile libraries to beneficiary schools, the initiative seeks to strengthen literacy levels, cultivate a sustainable reading culture, and improve access to learning materials in underserved communities.

At the heart of the programme is the belief that books are powerful gateways to knowledge, imagination, and opportunity. By exposing children to stories, ideas, and experiences beyond their immediate environments, Pages to Places broadens horizons, inspires curiosity, and nurtures a lifelong love for reading and learning.

Commenting on behalf of Leadway Group on the 2026 Pages to Places initiative and the company’s wider investments in children’s development, MD/CEO, Leadway Pensure, Olusakin Labeodan, said, “Our investments are guided by a simple philosophy that to secure the future, we must intentionally invest in the total wellbeing of the child today. The Pages to Places initiative, now in its fourth edition, reflects our enduring commitment to creating meaningful impact in underserved communities. By improving access to quality learning resources and promoting healthy lifestyles, we are equipping children with the tools, confidence, and opportunities they need to thrive and contribute positively to society.”

Leadway’s commitment to child development extends beyond literacy. As part of its broader Children’s Day engagements, the company partnered with Holdbodi to support over 3,000 children across Agege, Ebute Metta, and Abule Egba in Lagos State through a community outreach programme focused on wellbeing and enrichment.

The company also participated in the Akada Children’s Book Festival, engaging parents, educators, and stakeholders within the education ecosystem, while supporting the Get Fit with Jhay initiative, which promotes healthy lifestyles through youth-focused fitness, wellness, and recreational activities.

Together, these interventions underscore Leadway’s holistic approach to child development, one that recognises education, health, and wellbeing as interconnected pillars for building thriving communities and securing a brighter future for the next generation.

About Leadway Group

Leadway is a financial services group with a strong market presence and expertise in insurance, pensions, asset management, trusteeship, and investment solutions.

Since 1970, Leadway has grown from a traditional insurer into a broad-based platform with interests across general and life insurance, pensions, wealth management, health insurance, and hospitality.

For more than five decades, the Group has been known for reliability, integrity, innovation, and strong governance. It provides solutions that help individuals and institutions protect, grow, and transfer wealth.

Today, Leadway oversees a portfolio of businesses and is considered one of Nigeria’s most trusted and resilient financial services groups.

The Commissioner for Insurance, National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin, led a high-level delegation from Nigeria’s insurance industry on a courtesy visit to the Governor of Abia State, His Excellency Dr. Alex Otti, at the Government House in Umuahia on Monday, June 1, 2026.

Discussions focused on strategic collaboration between Abia State and the Nigerian insurance sector to safeguard economic activities, mitigate risks, and enhance investor confidence.

Omosehin underscored that a robust insurance system is fundamental to protecting business investments and securing livelihoods across critical sectors of the Abia economy.

Highlighting recent reforms, the Commissioner assured Governor Otti and his Executive Council that the newly established Insurance Policyholders’ Protection Fund (IPPF) will reinforce industry stability. He explained that the Fund, instituted by NAICOM under the provisions of NIIRA2025, is designed to safeguard policyholders’ interests by ensuring prompt and equitable settlement of valid claims, thereby strengthening consumer trust and market confidence.

Governor Otti commended NAICOM’s leadership for the measurable progress achieved in the insurance sector. He pledged his administration’s full support in fostering a sustainable partnership with the insurance industry to enhance risk management, expand insurance awareness, and build economic resilience within Abia State.

The delegation included the Deputy Commissioner (Finance & Administration), Mr. Ekerete Ola Gam-Ikon, alongside presidents and senior executives from the Nigerian Council of Registered Insurance Brokers (NCRIB), Nigerian Insurers Association (NIA), Chartered Insurance Institute of Nigeria (CIIN) and the  Institute of Loss Adjusters of Nigeria (ILAN).

AIICO Insurance Plc has reaffirmed its commitment to improving public health outcomes and advancing sustainable community development through its support for a large-scale malaria prevention outreach in Ibadan, Oyo State, in commemoration of World Malaria Day 2026.

The initiative, implemented in partnership with HACEY, reached over 5,000 community members across four Primary Health Centres in Ibadan North Local Government Area, delivering targeted health education and essential preventive resources to vulnerable populations, particularly pregnant women and nursing mothers.

Malaria remains a critical public health challenge in Nigeria, which accounts for approximately 24.3% of global malaria cases.

Recognising the urgency of sustained intervention, AIICO’s support focused on strengthening awareness, promoting preventive behaviours, and improving access to life-saving tools within high-risk communities.

As part of the outreach, 600 long-lasting insecticidal nets (LLINs) were distributed to pregnant women and nursing mothers, while structured health education sessions were conducted to deepen understanding of malaria prevention, early diagnosis, and treatment. In addition, door-to-door sensitisation campaigns extended the programme’s impact into surrounding communities, reinforcing key messages on environmental sanitation and proactive health-seeking behaviour.

Speaking on the initiative, The Manager, Corporate Responsibility and Sustainability at AIICO Insurance Plc, Mrs. Abimbola Shobanjo, noted: “Malaria continues to pose a significant threat to maternal and child health in Nigeria, and addressing it requires more than awareness—it requires deliberate, sustained action at the community level. At AIICO, we see social impact as a core part of our responsibility, not an add-on. This outreach reflects our commitment to supporting vulnerable populations with the knowledge and tools they need to protect themselves and their families. By investing in prevention and community engagement, we are contributing to healthier, more resilient communities.”

The programme also strengthened collaboration between the private sector and public health institutions, working closely with the Oyo State Primary Health Care Board and frontline health workers to ensure effective delivery and long-term impact.

Beyond immediate outcomes, the outreach contributed to improved awareness, reinforced preventive practices, and encouraged sustained community participation in malaria control efforts. It also highlighted the critical role of corporate organisations in complementing government efforts to tackle pressing public health challenges.

With over six decades of history, AIICO Insurance Plc continues to integrate sustainability and social impact into its business strategy, focusing on initiatives that create measurable value for individuals, communities, and society at large.

About AIICO Insurance Plc

AIICO Insurance is a leading composite insurer in Nigeria, with a 63-year record of accomplishment in delivering quality service to its clients.

Founded in 1963, AIICO provides life and general insurance, health insurance, and investment management services to create and protect wealth for individuals, families, and corporate customers.

Mutual Benefits Assurance Plc has announced its audited financial results for the year ended December 31, 2025, reporting a strong performance marked by significant growth in profitability, improved insurance revenue and continued expansion of its balance sheet.

The results underscore the company’s resilience, disciplined execution and strategic positioning within Nigeria’s insurance industry.

The audited results, drawn from Mutual Benefits’ consolidated and separate financial statements, reflect sustained momentum across underwriting, investment income and operational efficiency.

Highlights include a rise in insurance revenue to ₦80.05 billion, up from ₦66.92 billion in 2024, driven by growth across key business segments. Profit for the year increased to ₦16.42 billion, compared to ₦11.32 billion in 2024, reflecting strong bottom-line expansion, while profit before tax stood at ₦17.41 billion, up from ₦11.80 billion in the prior year.

Furthermore, total assets expanded to ₦176.25 billion, compared to ₦147.13 billion in 2024, reinforcing balance sheet strength.  In addition, total equity grew to ₦69.73 billion, from ₦54.79 billion in 2024, supported by retained earnings and improved profitability, while earnings per share rose to 81 kobo, compared to 54 kobo in the previous year.

The leading insurer also recorded improved net investment income of ₦19.87 billion, supported by higher interest income, fair value gains, and disciplined portfolio management.

Equally important, Mutual Benefits reported strong operational performance, with its insurance service result improving significantly to ₦8.77 billion, compared to 1.07 billion in 2024. The result reflected stronger underwriting discipline, improved claims management and enhanced reinsurance structuring.

Growth in net insurance and investment performance was supported by diversified income streams, including ₦10.88 billion in interest income and improved returns from financial assets measured at amortised cost and fair value.

Meanwhile, the company’s total assets growth to ₦176.25 billion was driven by expansion in financial assets at amortised cost, which rose to ₦86.99 billion, alongside broader investment portfolio diversification. Shareholders’ funds attributable to owners of the parent company strengthened to ₦65.00 billion, reflecting continued value creation and prudent capital management.

Speaking on the results, the Managing Director of Mutual Benefits Assurance Plc, Olufemi Asenuga, said the performance reflects the success of the company’s long-term strategic priorities.

“The 2025 results demonstrate the strength of our underwriting discipline, the resilience of our investment strategy and the effectiveness of our ongoing transformation agenda. We remain committed to delivering sustainable value to our policyholders, shareholders and all stakeholders while strengthening our leadership position in Nigeria’s insurance industry,” he stated.

Asenuga further reaffirmed the company’s focus on digital transformation, operational efficiency and enhanced customer experience as key enablers of future growth.

Looking ahead, Mutual Benefits Assurance Plc remains committed to expanding its market presence, deepening digital distribution channels and strengthening claims efficiency.

The company will also continue to pursue growth opportunities across retail and corporate insurance segments in Nigeria and selected African markets.

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has opened applications for the fifth edition of its annual Essay Championship, targeted at Junior Secondary School students nationwide. The initiative aims to drive insurance and financial literacy at an early age and to ensure proper insurance education among educators.

This year’s edition features N11.5 million prizes for winning students, teachers, and schools, reinforcing the Group’s commitment to driving insurance awareness at an early stage.

The winning student will receive a N5 million scholarship along with a N1 million education grant for their school. The first and second runners-up will receive N3 million and N1 million scholarships, respectively. In addition, insurance-focused themes and quizzes have been embedded into the application process for students, ensuring early engagement with the concept of insurance.

Students are invited to submit original essays of no more than 500 words on the topic “The Power of Insurance in Creating Safer and More Secure Societies.” Submissions running through from May 27 until July 8, 2026, via the official portal at www.heirsinsurancegroup.com/essay.

All entries will be evaluated by renowned academics, with Deloitte & Touche providing independent quality assurance to guarantee transparency and fairness in the selection process.

In addition, the Teachers’ Insurance Awareness Prize continues in the 2026 edition, honouring teachers who actively promote insurance education in schools and communities. Recently introduced, the teachers’ prize was designed to recognise and reward educators for their efforts in advancing insurance awareness.

For the Teachers’ Insurance Awareness Prize (TIAP), the top teacher will receive a ₦1 million cash prize, with an additional ₦500,000 grant awarded to their school. To qualify, teachers must implement an insurance awareness project and provide evidence of their initiative and its impact by submitting their projects on the essay championship portal.

Heirs Insurance Group is the insurance arm of Heirs Holdings, the leading pan-African investment company, with investments across 24 countries and four continents.

With a rapidly expanding retail footprint and an omnichannel digital presence, Heirs Insurance Group, comprising Heirs General Insurance Limited, Heirs Life Assurance Limited, and Heirs Insurance Brokers, serves both corporate and individual customers across Nigeria.

Heirs Insurance Group is championing financial inclusion and leading the digital insurance play in Nigeria, demonstrating its mission to democratise access to insurance.

L-R: Mr. Suleiman Olalekan Ajani, MD/CEO, CBI Insurtech and Mr. Ekerete Ola Gam-Ikon (Deputy Commissioner, Finance and Administration, National Insurance Commission).

The National Insurance Commission (NAICOM) has formally granted an operational licence to CBI Partnering Insurtech Limited, marking a significant milestone as the first fully licensed Partnering Insurtech company in Nigeria.

This development underscores NAICOM’s regulatory leadership in fostering innovation within a structured and consumer-focused insurance ecosystem.

The licence was presented during a formal handover ceremony, where the Commission reiterated its commitment to advancing innovation, regulatory reform, and policyholder protection across the insurance sector.

In his remarks, the Deputy Commissioner for Insurance, Finance and Administration, Mr. Ekerete Ola Gam-Ikon, highlighted NAICOM’s ongoing efforts to align Nigeria’s insurance industry with global best practices. He referenced the recent enactment of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, alongside the Commission’s pioneering insurtech guidelines, as some of the key pillars driving this transformation.

He noted that fostering innovation within a robust and well-governed regulatory framework remains a core strategic priority for the Commission.

Ekerete further emphasized that the licence is granted subject to strict compliance with regulatory and ethical standards, reinforcing NAICOM’s dual mandate of enabling innovation while safeguarding policyholders’ interests. He also pointed to the growing international recognition of Nigeria’s regulatory approach, particularly in leveraging technology to accelerate insurance sector development.

While formally presenting the licence, he stated:

“This milestone reflects the Commission’s commitment to responsibly nurturing innovation across the insurance value chain. We congratulate CBI Partnering Insurtech Limited and expect full compliance with all applicable regulations. This licence carries an obligation to uphold the highest standards of governance and ethical conduct. NAICOM remains committed to supporting the growth of insurtech while protecting the interests of Nigerians.”

In response, the Managing Director of CBI, Suleiman Olalekan Ajani expressed appreciation to NAICOM for its guidance and rigorous licensing process, stating:

“We are honoured to receive this licence from NAICOM. The Commission’s robust regulatory framework provides the foundation for us to scale strategic partnerships and deliver technology-driven insurance solutions that prioritise consumer trust, transparency, and protection.”