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All Posts in "Day: June 12, 2025"

NAICOM Assures Annuitants Of Protection Through Supplementary Guidelines

AMAKA Obiefuna

In its continued effort to reposition the industry, the National Insurance Commission (NAICOM) has announced its move to totally ring-fence Retiree Life Annuity (RLA) funds.

This, according to the Managing Director NSIA Insurance Limited, Moruf Apampa, is aimed at giving adequate protection to annuitants, adding that comprehensive supplementary guidelines would soon be issued.

Apampa, who is also a member of Communication & Stakeholder Engagement Sub-Committee, Insurers Committee disclosed this at a press conference held on Wednesday June 11, 2025 after the June 2025 Insurers’ Committee meeting in Lagos.

Both the supplementary guidelines and other measures taken by NAICOM are geared towards protecting annuitants and other policyholders, the Managing Director stated. He also disclosed that NAICOM is also working on cyber risk guidelines

On settlement of claims Apampa announced that the Commissioner for Insurance, Olusegun Omosehin, has expressed satisfaction with the improvement made in this regard and assured that NAICOM and operators are now fully committed to prompt settlement of genuine claims.

Online Poster by — June 12, 2025 in News 0
Oluremi Tinubu Commissions Mega Technical , Vocational College In Enugu

First Lady Inaugurates Mega Technical/Vocational College in Enugu, Explains Why Tinubu Supports Leaders Like Mbah – THISDAYLIVELarryBravo Nwaiwu
First Lady of Nigeria, Senator Oluremi Tinubu, has explained President Bola Tinubu’s support for Governor Peter Mbah Administration in Enugu, saying her husband would always support leaders, who judiciously deploy public funds for the common good of the people.
Mrs. Tinubu made the revelation during the commissioning of the Technical, Vocational Education and Training College, GTC, Enugu, on the sidelines of her just-concluded two-day working visit to Enugu State.
It is recalled that Governor Mbah Administration inherited a highly dilapidated Government Technical College, GTC, Enugu, which it demolished about 11 months ago to erect a Technical, Vocational Education and Training (TVET) College comprising twenty-four ultra-modern skill training centres and massive hostels for 1,000 resident students.
The government equally built two Smart Green Schools in the quite expansive premises.
Speaking during the commissioning, Senator Tinubu, who noted the increased federal allocations accruing to the states under the Tinubu Administration, stressed the need for leaders to deploy the resources in the service of the people.
 “I am really excited. Like some critics will say that Mr. President is really in support of the governor here. Now your allocation has tripled. The president will be happy to associate with the people, who are using the resources of this nation judiciously. And this is part of it. And we are excited.
“The slogan for Enugu state is ‘Tomorrow is Here’ and tomorrow is indeed here. This is just a glimpse of a better tomorrow that our children and even generations yet unborn will enjoy,” she stated.
In his remark, Governor Mbah said the project was the first of the eight Technical, Vocational Education and Training Colleges meant for each of the eight Federal Constituencies of the state to equip the youth with skills to shape the future.
He explained that his government decided to break away from the outdated system of memorisation to experiential learning, stressing that no nation could be greater than its human capital.
Mbah said that with the TVETs and other modern post-basic education schools being built, graduates of Green Smart Schools would sustain their upward trajectory in experiential and smart learning.
“So, today is a great day for us. It is a launch further into our vision to transform education in Enugu State. We are profoundly honoured and delighted that you were able to make out time to commission the TVET, Government Technical College,” he stated.
Giving further insight into the project, the Commissioner for Education, Prof. Ndubueze Mbah, said TVETs were geared towards empowering the youth with skills and knowledge in response to emerging industry needs.
“The new GTC Enugu is, which include ICT and Digital Innovation Hub, Renewable Energy, Weldieng and Fabrication, Auto-Mechatronics, Refrigeration and Air Conditioning, Electrical Installation, Fashion Design and Garment Making, Hospitality Training, and others equipped with twenty-four ultra-modern skill training centres.
“It is supported by two massive modern hostels accommodating 1,000 resident students. The new GTC, Enugu, is a milestone realisation of an audacious vision, that enables a transition from the Enugu Smart Green Schools, into professional workforce and masterful skills development for the youth of Enugu State,” Prof. Mbah explained.
Recall that President Tinubu had during his official visit to Enugu on 4th January to inaugurate some iconic projects executed by the Governor Mbah Administration also said he was more interested in performance than political affiliations.
“He is doing a fantastic job. The election is over and we have to move the nation forward. You have demonstrated that irrevocable commitment towards human development. I don’t care which party you come from. You are my friend. You are doing well and very focused,” the president had asserted.
Online Poster by — June 12, 2025 in News 0
First Lady Flags Off Campaign Against HIV/AIDS, Other STDs In Enugu

First Lady Flags off Free to Shine Campaign Against HIV/AIDS, other STDs in Enugu - Freedom Square TV…. Gov. Mbah, wife, pledge  collaboration
LarryBravo Nwaiwu
Nigeria’s First Lady, Senator Oluremi Tinubu, has flagged off the Free to Shine Triple Elimination Campaign, an initiative of the Organisation of African First Ladies for Development, OAFLAD, and global partners to eradicate HIV/AID, Syphilis and Hepatitis by 2030.
Flagging-off the campaign at the International Conference Centre, Enugu, on Tuesday, the founder of the Renewed Hope Foundation, Senator Tinubu said the initiative was an imperative, since Nigeria bore the highest burdens of HIV infection in sub Saharan African due to her large population.
“We launched the campaign in January 2025 and have flagged it off in five political zones of North Central, North East, North West, South South and South West. Today, we have flagged off the campaign in southeast to complete the Free to Shine campaign.
“Our aim is to reduce HIV infection among women, prevent mother and child transmission and ensure that every child born with it gets the necessary treatment,” Tinubu said
She thanked Governor Peter Mbah of Enugu State and his Wife, Mrs. Nkechinyere Mbah and the people Enugu State for the warm reception accorded to her and her entourage. During her two-day working visit.
Throwing his weight behind the campaign, Governor Mbah, said his administration had taken health seriously because a healthy population is the foundation on which progress is built.
“Here in Enugu State, we have aligned our healthcare priorities with the vision of the ‘Free to Shine Campaign.’
“By September, we would have completed and fully equipped 260 Type 2 Primary Healthcare Centres in all wards — each with accommodation for health workers to ensure round-the-clock care.
“We have also strengthened our secondary and tertiary healthcare systems and broadened access to health insurance and emergency services, especially for the most vulnerable.
“These efforts are already yielding results — with a significant reduction in maternal, under-five and infant mortality.
“But we know the work is not done. No health system can thrive in isolation or assume it no longer needs support. This is why we embrace the goals of the ‘Free to Shine Campaign’ — goals that seek to eliminate stigma, expand access to HIV treatment, and, most importantly, end mother-to-child transmission of HIV,” he stated.
The First Lady of Enugu State, Mrs Mbah, commended Senator Tinubu and OAFLAD for providing leadership against the scourges of HIV/AIDS and other sexually transmitted diseases.
“I commend the First Lady, Her Excellency Senator Oluremi Tinubu, for demonstrating leadership and commitment to the health and well-being of Nigerians.
“As 2023 data from the Joint United Nations Programme on HIV/AIDS (UNAIDS) shows, Nigeria has one hundred and forty thousand (140,000) children aged 0 – 14 living with HIV, with twenty-two thousand (22,000) deaths each year. This is an enormous public health burden with vast social and economic implications. So, the ‘Free to Shine Campaign’ is indeed a creation of necessity,” Mrs. Mbah said.
She expressed total support for the initiative, noting that “collaboration is the driving force of change and development.”
“When we collaborate, problems that seem intractable are solved. So, I am confident that the goals of this campaign will be achieved in Enugu State, in Nigeria – and across Africa. What is required is whole-hearted dedication,” she concluded.
The event featured a general overview of the Free to Shine Campaign, by the Executive Secretary for OAFLAD, Dr. Nardos Berhanu, testimonials and experience sharing by persons living with HIV/AIDS, drama presentation by Members of the National Youth Service Corps, and goodwill messages by development partners, among others.
Meanwhile, the Nigerian First Lady was conferred with the chieftaincy title of Ugosinamba (Precious Jewel/Eagle from another kingdom) by the Enugu State Council of Traditional Rulers, citing her love for Enugu and service to the nation and humanity.
Online Poster by — June 12, 2025 in News 0
Pornography, Propaganda In Social Media Spaces Worry Anambra Government 

Anambra State Government has decried the quantity of pornography and propaganda available in various social media spaces.
The state’s Commissioner for Information, Dr Law Mefor, while speaking at the closing ceremony of a two-day Media and Information Literacy (MIL) Workshop for youth and youth-led organisations in South East Nigeria, at Nnamdi Azikiwe University Auditorium, organised by Media and Information and Inter-cultural Dialogue (MILID) Foundation in collaboration with UNESCO and Anambra State Ministry of Information, among others, observed that the quantity of sexuality in social media skits is alarming, and nothing short of pornography.
He stated that pornography is redefining so much of the social media information being consumed by the people in various social media spaces thereby  showcasing the kind of irresponsibility inherent in the people creating such contents.
He advised content creators, particularly youths to eschew the use of pornography in creating contents but to think deeper to generate contents through other societal issues.
“What MILID Foundation, UNESCO and Ministry of Information is trying to tell you about media and information literacy is that you owe the society some level of responsibility. It’s true that through such reckless contents, you can draw traffic to your social media handles to a point that they may start paying you. Yes, money will come from it but at what cost?
” Those of us in government in Anambra State are worried about irresponsibility while creating contents or putting out information out there. We are worried about not only such contents and the recklessness of such exhibition. We are worried about propaganda. Some people say propaganda is necessary in politics. I don’t think that a government that is doing well needs propaganda. Let facts speak for itself.
“We don’t believe in propaganda here. As the Manager-in- Chief of Information in Anambra State, what we try to do is put out the accurate data/information in every possible way, avoiding propaganda, misinformation, falsification or nuancing of information in a way that you make it look acceptable. And we have made this our reputation. If you have been hearing that Solution is here in Anambra State; those of you who are visiting, we invite you to do a project tour – the ministry will help you to look around to see that indeed, the Solution Governor, Prof Chukwuma Charles Soludo has done so much in less than three years,” he said.
Online Poster by — June 12, 2025 in News 0
CBN Debunks Report On BDC Recapitalisation Deadline

 

CBN debunks report on BDC recapitalisation deadline

The Central Bank of Nigeria (CBN) has debunked a news story in circulation suggesting that the Bank has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025.

 

The CBN, through its Acting Director of the Corporate Communications Department, Mrs. Hakama Sidi Ali, described the information as false, misleading, and stated that it should be disregarded.

 

According to her, the Bank has not granted any such extension beyond the previously communicated deadline of June 3, 2025.
She consequently urged the general public, journalists, media platforms, and all stakeholders to consistently verify information directly from official CBN sources, such as the Bank’s website and authorised communication channels, before publishing or sharing news about the Bank and its regulatory directives.

 

The CBN remains committed to ensuring transparency, stability, and compliance in the foreign exchange market and will continue to engage with all relevant stakeholders in accordance with its statutory mandate,” Sidi Ali noted.

 

As part of the revised framework introduced in February 2024, BDCs are required to meet new minimum capital requirements: ₦2 billion for Tier-1 and ₦500 million for Tier-2 operators.

Online Poster by — June 12, 2025 in Capital Market 0