Author: News Room
With the July 31 deadline firmly in place, several insurance companies are intensifying efforts to raise fresh capital through rights issues, private placements, mergers, and acquisitions in a bid to avoid regulatory sanctions and possible licence withdrawal, reports JIDE AJIA Across Lagos, Abuja, and other commercial centres, anxiety is rising within the Nigerian insurance industry as operators confront one of the sector’s most defining transitions in decades. Inside corporate boardrooms, executives are spending long hours reviewing financial records, holding discussions with potential investors, and considering merger opportunities as they battle to comply with new regulatory capital requirements. The urgency follows…
Moniepoint Inc. has expanded its talent development push with a women-focused technology programme aimed at deepening participation in Nigeria’s fast-growing digital economy as competition for skilled software and product talent intensifies across Africa’s largest market. The initiative, held in Lagos as part of International Women’s Day activities recently, brought together women working across different levels of the technology ecosystem for leadership development, product training and applied engineering experience. The event was hosted at Moniepoint’s headquarters in partnership with Women Techmakers Lagos and Google Developer Group Lagos. The programme, themed ‘Break the Pattern’, combined keynote sessions, panel discussions and a hands-on…
Fergie sent her best wishes to her ex-husband, Josh Duhamel, after he welcomed his second baby with wife Audra Mari. “Rocca de Leon Duhamel,” Duhamel, 53, and Mari, 32, wrote in a joint Instagram post on Saturday, May 17, sharing snaps of their newborn daughter. “Our baby girl is here 🤍🕊️.” Fergie, 51, was one of the first people to celebrate the newborn’s arrival in the comments section, succinctly replying with the emojis, “🎀🎀💗💗.” Fergie and Duhamel were married from 2009 to 2017, during which period they welcomed 12-year-old son Axl. (Duhamel and Mari later said “I do” in 2022,…
Angry residents and youth groups on Sunday blocked the strategic highway linking Kano and Katsina states, halting vehicular movement along the Dayi-Gwarzo corridor in protest against relentless bandit attacks and escalating insecurity in their communities. The demonstration erupted between noon and 1 p.m. at border communities between Gwarzo Local Government Area of Kano State and Malumfashi Local Government Area of Katsina State, leaving hundreds of commuters and motorists stranded. Protesters erected makeshift barricades, chanted slogans, and warned travellers to turn back, declaring that the vital interstate route would remain shut. The blockade was still ongoing when a PREMIUM TIMES reporter…
The Allied Peoples Movement, APM, has condemned the abduction of school children, a principal and killing of an assistant headteacher by terrorists in Oyo State on Friday. APM, which is now the ruling party in Oyo State, described the incident as outrageous, barbaric and heartless. The APM said the terrorists’ attack at Baptist Nursery and Primary School, Yawota, LA School and Community Grammar School, Ahoro-Esinele in Oriire Local Government Area of Oyo State while the children were having their morning devotion is cruelty of the worst order. “Our thoughts and prayers are with these children, their teachers, families, government and people…
The governorship candidate of the Allied People’s Movement, APM, for the 2027 Lagos State election, Laja Adeoye, has explained his decision to exit the opposition Peoples Democratic Party, PDP, attributing the move to internal party disputes and a renewed focus on governance-driven priorities. He spoke on Sunday in Lagos at the official unveiling of the Lagos Agenda 2027, tagged Atunto Eko 1.0, where he also presented key elements of his campaign blueprint. According to him, the decision to join the APM was informed by the need to operate from a more stable and purpose-driven platform capable of delivering meaningful governance outcomes. “My…
The Niger State Police Command has arrested four suspected fraudsters linked to a vehicle scam syndicate and recovered 67 rustled cattle after a gun duel with bandits in the state. Police Public Relations Officer, SP Wasiu Abiodun, disclosed this in a statement, saying operatives attached to Maje Division, Suleja, arrested four suspects along Kaduna Road on May 12 while allegedly attempting to move a suspected stolen Volkswagen Golf vehicle to meet a buyer. The suspects, identified as Badamasi Saidu, Adamu Musa, Yunusa Mohammed and Mohammed Usman, allegedly removed the vehicle’s number plate to disguise it as a newly acquired car.…
A new pre-election survey in Kwara State has found that voters are overwhelmingly focused on security, electricity and employment ahead of the 2027 governorship election, with party affiliation, religion and ethnicity ranking far behind as deciding factors. The poll, conducted by the Africa Polling Institute across all 16 local government areas between May 4 and 11, 2026, shows that 66 per cent of respondents identified insecurity as the most urgent issue in the state, followed by electricity at 55 per cent and jobs/unemployment at 48 per cent. The study covered 5,050 adults across 193 electoral wards using Computer-Aided telephone interviews…
A 66-year-old lawyer, Tunde Awogbade, and one other, Obayomi Olaleye, were arraigned by the police on Friday before an Igbosere Magistrate Court sitting at the Tinubu Magistrate Court, Lagos, for allegedly forging official stamps of the Lagos State Internal Revenue Service, among other offences. The defendants were docked before Magistrate Olatunde Adefope on six-count charges bordering on conspiracy, perjury, forgery, breaking and entry, assault occasioning harm, malicious damage, and perversion of justice. The prosecution counsel, CSP Monday Omo-Osagie, told the court that the defendants and others still at large allegedly forged the official stamps of the Lagos State Internal Revenue…
Last week witnessed two important events on Africa’s existence and its future. There was the Africa Forward Summit, which took place in Nairobi, Kenya, and the CEO Forum, which was hosted in Kigali, the capital of Rwanda. The summit was co-hosted by President William Ruto of Kenya and President Emmanuel Macron of France to attract foreign capital, build global partnerships, and drive innovation in production. It is more of using public sector economic policies to promote private sector activities and actions. The Africa CEO Forum in Kigali was a purely and directly private sector programme. Reports show that it was…
