AIICO Insurance has honored top-performing financial advisers for their dedication and exceptional contributions to the company’s growth and client satisfaction. The recognition event celebrated professionals who have demonstrated excellence in financial advisory services, helping clients make informed decisions on insurance, investment, and retirement planning. Speaking at the event, AIICO’s management commended the awardees for their hard work, emphasizing the crucial role financial advisers play in driving financial literacy and inclusion in Nigeria. The company highlighted that these professionals have not only contributed to AIICO’s success but have also helped clients achieve financial security through tailored solutions. The honored advisers received…
Author: Temitope N.
Vice President Kashim Shettima and former Emir of Kano, Sanusi Lamido Sanusi, were among the key dignitaries present at the rebranding event of Enhancing Financial Innovation and Access (EFInA). The event marked a new phase for the organization as it continues its mission to drive financial inclusion and innovation in Nigeria. During the event, Shettima emphasized the federal government’s commitment to expanding financial access, particularly for underserved communities. He highlighted the role of fintech and digital banking in bridging the financial gap and fostering economic growth. Sanusi, a strong advocate for financial inclusion, commended EFInA’s contributions to improving access to…
Stanbic IBTC has organized a gas and infrastructure conference to explore opportunities for investment, innovation, and policy reforms in Nigeria’s energy and infrastructure sectors. The event brought together industry leaders, government officials, and investors to discuss strategies for maximizing Nigeria’s gas potential and addressing infrastructure challenges. Key discussions focused on the role of gas as a critical driver of economic growth, particularly in power generation, industrial applications, and export markets. Experts emphasized the need for improved financing models, regulatory reforms, and stronger public-private partnerships to enhance infrastructure development and energy accessibility. Stanbic IBTC reiterated its commitment to providing financial solutions…
Pension unions across Nigeria are advocating for greater collaboration between stakeholders to improve the welfare of retirees. The unions emphasize the need for better policies, timely pension payments, and enhanced social support systems to ensure that retirees live comfortably after years of service. At a recent stakeholders’ meeting, representatives from various pension associations highlighted persistent challenges, including delayed gratuities, irregular pension disbursements, and insufficient health benefits. They called on the federal and state governments, pension fund administrators, and labor unions to work together in addressing these issues. Union leaders stressed that retirees often face financial hardships due to bureaucratic bottlenecks…
Nigeria may be on the verge of another fuel crisis as petroleum tanker drivers have suspended loading operations, citing harassment by security agencies and regulatory officials. The drivers allege that they face constant intimidation, extortion, and unnecessary delays at checkpoints, making fuel transportation increasingly difficult. According to the Petroleum Tanker Drivers (PTD) union, members have been subjected to arbitrary arrests, heavy fines, and other forms of mistreatment, disrupting the smooth distribution of petroleum products across the country. They warn that unless authorities step in to address these concerns, fuel shortages could soon hit major cities, leading to long queues and…
Leadway Assurance has raised concerns over the low level of compliance with third-party motor insurance in Nigeria, revealing that only about 30% of vehicle owners have the mandatory coverage. The company described the situation as alarming, emphasizing the risks it poses to road users and the insurance industry. According to Leadway, third-party motor insurance is crucial for protecting motorists from financial liabilities arising from accidents, yet a majority of vehicle owners either lack valid policies or rely on fake insurance certificates. The firm urged relevant authorities, including the Federal Road Safety Corps (FRSC) and the Nigerian Insurance Association (NIA), to…
The Dangote Petroleum Refinery has assured Nigerians that it has enough fuel to meet the country’s demand, dismissing concerns over potential shortages. The refinery, which has ramped up production in recent months, stated that its output is sufficient to stabilize supply and reduce reliance on imports. Speaking on the refinery’s capacity, officials confirmed that production levels are steadily increasing, with refined petrol, diesel, and aviation fuel being distributed across the country. They emphasized that the facility is positioned to support Nigeria’s energy security by ensuring a steady and reliable fuel supply. The assurance comes amid ongoing market fluctuations and concerns…
The National Agency for Science and Engineering Infrastructure (NASENI) has announced that the ongoing construction of the Katsina Engineering Institute is now 80% complete. The institute, designed to enhance Nigeria’s technological and industrial development, is expected to be a key center for engineering training and innovation. According to NASENI, the facility will focus on equipping students and professionals with hands-on skills in various engineering fields, including robotics, automation, and manufacturing. The project aligns with the federal government’s agenda to boost local capacity in science and technology, reducing Nigeria’s dependence on imported engineering solutions. NASENI officials assured that the institute would…
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening economic ties between Nigeria and Saudi Arabia, aiming to enhance trade, investment, and financial cooperation between the two nations. CBN Governor Olayemi Cardoso emphasized the importance of deepening economic relations during discussions with Saudi officials, highlighting opportunities in sectors such as oil and gas, finance, agriculture, and infrastructure development. He noted that stronger ties could lead to increased foreign direct investment (FDI) from Saudi Arabia, boosting Nigeria’s economy. As part of the efforts to solidify these ties, the CBN is exploring partnerships with Saudi financial institutions to improve…
The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has raised concerns over state governments encroaching on the constitutional powers of local governments to collect property taxes. According to the professional body, this interference undermines local governance and weakens the financial autonomy of local councils. Speaking at a recent event, NIESV representatives criticized the trend where state governments either take over property tax collection entirely or impose regulations that limit the role of local councils. They argued that this not only contradicts Nigeria’s legal framework but also deprives local governments of a crucial revenue source needed for grassroots development. Property…