NEM Insurance Plc has recorded robust balance sheet growth for the financial year ended December 31, 2025. The insurer said total group assets rose to N186.04 billion in 2025 from N124.23 billion in 2024, representing an increase of N61.81 billion. In a statement issued on Monday in Lagos, the company attributed the growth to sustained business expansion and a strengthened investment portfolio. Group liabilities increased to N101.58 billion from N58.79 billion, while total equity rose to N84.46 billion from N65.44 billion in the previous year. Group revenue also grew significantly to N173.04 billion in 2025, up from N121.60 billion in…
Author: Newsdesk
The Joint Action Committee (JAC) of non-teaching staff unions in Nigerian universities has resumed negotiations with the Federal Government following the suspension of its indefinite strike. JAC comprises the Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union of Educational and Associated Institutions (NASU). The unions had embarked on an indefinite strike on April 30 over delays in the renegotiation of the 2009 agreement, improved welfare conditions, payment of allowances, and rejection of the government’s unilateral salary offer. The strike was suspended on May 11 after appeals and assurances from the Federal Government’s Expanded Tertiary Institutions Renegotiation…
French President Emmanuel Macron has described Africa as the world’s youngest and fastest-growing continent, stressing the need for increased investment to strengthen its sovereignty. Macron made the remarks at the Africa Forward Summit in Nairobi, Kenya, which ran from May 11 to 12 under the theme: “Africa Forward: Partnerships between Africa and France for Innovation and Growth”. The summit, co-organised by the governments of France and Kenya, brought together more than 2,000 African and European business leaders, investors, and policymakers. The business forum highlighted Franco-African economic partnerships and showcased private sector-driven projects and innovations. Macron said the summit opened with…
No fewer than three members of staff of the Lower Niger River Basin Development Authority (LNRBDA), Ilorin, were hospitalised on Monday following a violent disruption by union members. It was reported that members of the National Union of Agricultural and Allied Employees staged a protest against the management of the authority over alleged high-handedness and poor workers’ welfare. The union members, who picketed the premises, reportedly attacked some staff, inflicting varying degrees of injury on them. The management, led by the Managing Director, Mr. George Olumoroti, called in security agencies, including the Police and the Department of State Services (DSS),…
Heirs Insurance Group has launched Prince AI, a multi-language generative artificial intelligence assistant, to drive digital transformation and improve insurance accessibility. During Monday’s virtual unveiling, Chief Digital Officer Mr. Peace Okhianmhense-Philips described the launch as a major milestone in the company’s digital journey. He said the initiative reinforces Heirs Insurance’s commitment to making insurance simple, accessible, and inclusive for customers across diverse communities. The AI-powered assistant delivers instant, intelligent responses to customer enquiries and other insurance-related concerns. It helps users understand coverage options, assess their needs, and choose suitable policies. “Prince AI was designed with accessibility in mind and supports…
The National Emergency Management Agency (NEMA), in collaboration with the International Organisation for Migration (IOM), on Monday received 170 stranded Nigerians repatriated from Tripoli, Libya. The returnees arrived at the Cargo Terminal of the Murtala Muhammed International Airport, Ikeja, at about 3:36 p.m. aboard Air Buraq Airlines flight 5A-BAG under the Assisted Voluntary Return programme. The Head of NEMA Lagos Operations Office, Mr. Mohammed Olatunde, confirmed the development to reporters in Lagos. Olatunde said the reception was conducted in conjunction with the National Commission for Refugees, Migrants and Internally Displaced Persons (NCFRMI). He stated that the programme was supported by…
Moniepoint, an all-in-one financial ecosystem, said on Monday it is deepening investment in Nigeria’s digital talent pipeline through practical technology training for women. The company made the announcement during a hands-on product development and leadership training programme organised in partnership with Women Techmakers Lagos and Google Developer Group (GDG) Lagos. Speaking at the event, the Head of Product at Moniepoint Inc., Kemi Nwogu, said the future of technology would depend on women who are equipped not only to participate but also to shape the ecosystem. Nwogu urged women to challenge long-standing stereotypes that discourage female participation in science and technology…
A maritime expert, Lukman Shittu, has urged maritime truck operators to support the forthcoming Ports Road Clearance Operations by the Presidential Enabling Business Environment Council (PEBEC), scheduled to commence on Thursday, May 14. The Chairman of the Lagos State Truck and Cargo Operators Committee (LASTCOC) made the call on Monday during a meeting with PEBEC officials ahead of the exercise. Shittu described the operation as a welcome development aimed at promoting ease of doing business and restoring traffic sanity and orderliness along the port corridors. He noted that the clearance would enable the association to tackle the persistent menace of…
The first batch of 485 intending pilgrims from Sokoto State departed for the Kingdom of Saudi Arabia on Monday for the 2026 Hajj. The pilgrims left the Sultan Abubakar III International Airport, Sokoto, aboard an Aquiline aircraft operated by UMZA Airline at about 6:14 a.m., en route to Prince Mohammad Bin Abdulaziz International Airport, Madinah. Speaking at the farewell ceremony, Governor Ahmed Aliyu, represented by his Deputy, Idris Gobir, assured the pilgrims that the state government had made adequate arrangements for their welfare and security throughout the pilgrimage. Aliyu said the inaugural flight conveyed pilgrims from Tambuwal, Tureta, Wamakko, Sabon…
The Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos Branch, has urged governments at all levels to improve infrastructure and social amenities to reduce land costs and curb rising rents across the country. The Chairman of the Lagos Branch, Mr Tosin Kadiri, made the call on Monday while briefing journalists at the commencement of the institution’s 2026 Annual Estate Week in Lagos. Kadiri said the provision of adequate infrastructure and social amenities would reduce land value appreciation and consequently lower rents. He also advocated the promotion and use of locally-made building materials by developers to cut construction costs and…