Connect with us

Business

NAICOM, PenCom Endorse 9th BusinessToday Confab Holding April 3

Published

on

The National Insurance Commission (NAICOM) and National Pension Commission (PenCom) have endorsed the 9th annual conference of BusinessToday holding on April 3 in Lagos, as the two agencies will lead other professionals to discuss burning issues in the insurance and pension sectors.

The Commissioner for Insurance/CEO, NAICOM, Mr. Olusegun Omosehin and the Director General of PenCom, Omolola Oloworaran, as well as the Chairman, Sanlam Insurance Life, Dr. Olufemi Oyetunji, are expected to grace the Conference.

The conference, billed to hold at the Ballroom of Oriental Hotel, Lekki, Lagos, will be chaired by a
Chartered Insurer, Dr. Oyetunji, while Dr. Akeem Oyewale, Managing Director/CEO, Marble Capital Limited and 2nd Vice President Chartered Institute of Stockbrokers, will be the Keynote Speaker.

A statement by the Convener, Mrs. Nkechi Naeche-Esezobor said, experts drawn from insurance, pension, capital and IT sectors would be on hand to speak on the theme of the conference.

The chairman, Nigerian Insurers Association (NIA), Kunle Ahmed; President, Pension Fund Operators Association of Nigeria (PenOp), Mr. Christopher Bajowa; President of Chartered Insurance Institute of Nigeria,( CIIN), Mrs Yetunde Ilori, among others have confirmed their presence at the event.

Also expected at the event are Managing Director/CEOs of insurance and Pension firms; Director General, Nigerian insurers Association (NIA); Mrs. Bola Odukale, representatives of Nigerian
Council of Registered Insurance Brokers (NCRIB); and CEO of PenOp, Mr. Oguche Agudah.

Others are: Students of insurance (Laspotech); Department of Actuarial Science & Insurance, University of Lagos; students of YabaTech; Colleges of Insurance; Junior and Senior Secondary Schools; Association of Mobile Money and Bank Agents in Nigeria, Lagos Chapter; Association of Registered Insurance Agents of Nigeria (ARIAN); members of the Nigerian Council of Registered Insurance Brokers; pension and Insurance marketers and Tech officers.

The conference is expected to hosts over 250 youths within Lagos.

Business

Ghana’s Delegation In Nigeria To Marine Cargo Sector

Published

on

By

Commissioner for Insurance, Olusegun Omosehin received delegates from Ghana's Marine Cargo Technical Committee on a study tour of Nigeria's marine cargo sector at his office in Abuja recently. The delegation was led by Mr. Fred Asiedu-Darteh of Ghana Shippers' Authority.

Continue Reading

Business

Stakeholders Assess Progress, Challenges In Implementing Building Insurance Regulations

Published

on

By

The National Insurance Commission (NAICOM) convened the fourth meeting of the Joint Committee on Insurance for Public Buildings and Buildings Under Construction recently in Abuja.
The meeting, chaired by the Deputy Commissioner for Insurance, Finance and Administration, Mr. Ekerete Ola Gam-Ikon, brought together stakeholders to discuss progress and challenges in implementing insurance regulations for public buildings and buildings under construction.

In his opening remarks, Mr. Gam-Ikon welcomed new members from the quantity surveying profession and briefed the committee on NAICOM’s enforcement efforts, which have commenced with third-party motor insurance and are expanding to public buildings and buildings under construction. He emphasized the importance of collaboration with regulatory agencies and highlighted the commission’s focus on claim settlement, citing the example of a fire incident at a Cash and Carry supermarket where insured parties received prompt claim payments.

The committee discussed implementation progress, with the representative from Development Control indicating that they have started enforcing insurance requirements since January 2025 but are awaiting necessary documents to commence full enforcement. Other stakeholders, including the Nigerian Insurers Association (NIA) and the Federal Fire Service, shared their perspectives on the importance of complete documentation, risk assessment, and insurance coverage.

The Chairman of the joint committee, Mr. Gam-Ikon, urged Development Control to establish a database of public buildings and buildings under construction and ensure that only buildings with approved documents are insured. Dr. Talmiz Usman, Director of Legal Enforcement and Market Development at NAICOM, thanked committee members for their support and participation.

The meeting underscored the importance of collaboration and effective implementation of insurance regulations to promote safety and risk management in the construction industry.

Continue Reading

Business

emPLE Partners LASPARK For Tree Planting Initiative

Published

on

By

emPLE has officially flagged off Green emPLE, its company-wide sustainability initiative, with a tree-planting exercise held in partnership with the Lagos State Parks and Gardens Agency (LASPARK) in Lagos.
As part of the launch, emPLE planted 65 trees across strategic locations in Lagos. The carefully selected tree species were chosen for their environmental benefits such as improving air quality, reducing urban heat, and enhancing the city’s ecological balance.
Speaking at the event, Oyinlade Olalekan, Managing Director of emPLE General Insurance Limited, remarked,
“At emPLE, we’re deeply committed to empowering lives—not just through our financial offerings but by actively contributing to a more sustainable world. The launch of Green emPLE and today’s tree-planting activity are key steps in that journey. Sustainability is one of our core values, and we’re proud to be playing our part in building a cleaner, greener Lagos.”
He added,
“We see Green emPLE as a platform for driving real impact, one initiative at a time. This partnership with LASPARK is only the beginning. We look forward to rolling out more activities that reinforce our mission and encourage others to join us in protecting the planet.”
Mrs. Adetoun Popoola, General Manager of LASPARK, also commended the initiative, saying:
“Our mandate at LASPARK is to promote a greener Lagos through tree planting and urban beautification. It’s always encouraging to see private sector organisations like emPLE step forward in support of this mission. Collaborations like this help us get more done and inspire residents and businesses alike to take sustainability seriously. We are excited about what Green emPLE represents and we look forward to more impactful partnerships.”
To acknowledge emPLE’s contribution, LASPARK presented the company with a Tree Planting Certificate, recognising its role in environmental preservation and its ongoing support for climate resilience and green urban development.
Green emPLE is emPLE’s long-term commitment to promoting sustainable practices that support a healthier planet and empower future generations. The initiative reflects the company’s belief that true empowerment goes beyond financial products it includes taking responsibility for the environment and driving long-term positive change.

Continue Reading