Wednesday, March 4, 2026
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Business

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ICT

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Capital Market

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Insurance

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Business

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Capital Market

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Insurance

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ILAN EXCO Pays Courtesy Visit to Sovereign Trust Insurance

L-R: Lekan Oguntunde, DGM/Head, Digital & Information Technology, Sovereign Trust Insurance Plc; Yekini Kamoru, Member, ILAN; Monday Ukpere, Associate Director, ILAN; Kelechi Justice Atulomah, MD/CEO, Technique Loss Adjusters Limited and Member of ILAN; Emmanuel Anikibe, Executive Director, Technical, Sovereign Trust Insurance Pl;, Oladipupo Olanrewaju, President, Institute of Loss Adjusters of Nigeria (ILAN) and MD/CEO of ULA Loss Adjusters Limited, Sanni Oladimeji; DGM/Head, Legal and Compliance, STI Plc and Segun Bankole, DGM/Head, Corporate Communications & Investor Relations, Sovereign Trust Insurance Plc, during the courtesy visit of ILAN to the Management of the Underwriting Firm in Lagos.

The President of the Institute of Loss Adjusters of Nigeria, (ILAN), Mr Oladipupo Olanrewaju and some of the Executive members of the Institute paid a courtesy visit to the Management of Sovereign Trust Insurance Plc at the Head Office of the Underwriting Firm in Lagos.

The purpose of the visit was to appreciate the Management of Sovereign Trust Insurance Plc for the unwavering support and collaboration between both parties and by extension, member companies of the Institute. According to the President of the Institute, Oladipupo Olanrewaju, the visit is geared at further cementing the cordial business relationship between members of the Institute and Sovereign Trust Insurance Plc.

He further appealed that non-registered members of the Institute who are capable of damaging the reputation of the Institute should not be patronised by underwriters. He called for collaboration in the area of Training, Technology and Business patronage while also emphasising the fact that erring member companies of the Institute will be brought to book if and when found wanting in the discharge of their duties.

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‘Cost of Finance Too Expensive in Africa’

“I would say the biggest challenge companies face is the cost of finance. Funds are very expensive in Africa,” says Jonty Levin, a Partner at financial advisory and structuring specialist, Alkebulan. There are two main reasons why the cost of finance generally remains high across the continent, according to Levin. One is the perceived risk associated with investing in African companies, and another is the shallow financial markets, where limited supply is rationed through higher costs.

RMB Nigeria Concludes ₦40bn Multi-Instrument Issuance Programme with SEC

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