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All Posts in "Day: September 29, 2025"

Rex Insurance Managing Director Honoured at the BusinessDay Top 25 CEO Award


The 2025 edition of the prestigious BusinessDay Top 25 CEOs Awards, held on September
25, 2025, recognized the exceptional leadership of Mrs. Ebelechukwu B. Nwachukwu,
Managing Director of Rex Insurance, as one of the top 25 CEOs of the year. The award
ceremony, which brought together influential executives and industry experts, celebrated
men and women who have demonstrated extraordinary leadership, innovation, and
impact within their industries.
Ebelechukwu B. Nwachukwu was honoured for her remarkable contributions to Rex
Insurance, where she has guided the company through a transformative period of growth.
Under her leadership, Rex Insurance has achieved significant milestones, including
market expansion, technological advancements, and corporate responsibility initiatives.
Her vision has set new standards for success in the insurance industry sector.
Reflecting on being named one of the distinguished awardees, Ebelechukwu
Nwachukwu shared, “This recognition is a true reflection of the dedication and hard work
of the entire Rex Insurance team. Together, we have built a solid foundation for continued
innovation and success and I am immensely proud of all that we have accomplished.”
She further added” this is very humbling and means a lot, being recognized as one of the
Top 25 CEOs in Nigeria. It is also a testament to the work Rex Insurance has done over the
past 3 years of transformation. We have transformed the oldest insurance company into
Rex Insurance, using technology, grooming the best people and making sure that our
customers feel the impact of all the work that we have done, so it very rewarding to the
recognized with this award”.
Under her leadership, Rex Insurance has achieved significant growth and positioned
itself as a prominent entity in the insurance industry sector. The acknowledgment as one
of the country’s Top 25 CEOs Awards underscores her critical role in guiding the
company’s success and shaping its future direction. Since assuming leadership in
January 2023, she has spearheaded a transformative rebranding process, repositioning
the company as a digital-first, customer-centric insurer.

Under her guidance, Rex Insurance commissioned a state-of-the-art head office in

Victoria Island, Lagos, reflecting its renewed commitment to innovation, employee well-
being and operational excellence.

Mrs. Nwachukwu has driven strategic initiatives including the development of climate-
based agricultural insurance products and inclusive retail offerings, enhancing market

reach and relevance. Her leadership has also emphasized timely claims settlement and
superior customer experience.
With a strong focus on profitability, she introduced the 2025 theme “Building Synergy and
Growth,” aligning stakeholders toward sustainable financial performance. A seasoned
executive with over two decades in insurance, she continues to champion digital
transformation and shareholder value creation in Nigeria’s evolving insurance landscape.
The award ceremony was also attended by key members of the Rex Insurance leadership
team, including the company’s Executive Director – Business Development, Mr. Sunny
Uwagboi; General Counsel/ Company Secretary, Shiela Ezeuko; Chief Financial Officer,
Abayomi Kayode; Emmanuel Ndoh – Head, Brands & Events and Wilson Okoh-Esene –
Head, Corporate Communications & Customer Experience. Their presence highlighted
the collective effort and dedication that has driven the company’s growth and success
under Ebelechukwu Nwachukwu’s leadership. Together, they continue to drive the
mission of innovation, excellence, and positive impact across the industry.
The Top 25 CEOs Awards brought together the world’s leading business figures,
celebrating individuals whose performance, foresight, and dedication have made a
lasting impact on their industries. This year, the ceremony was attended by a
distinguished group of executives, all united in recognizing the exceptional contributions
of the top CEOs.
About Rex Insurance Limited (Rex)
Rex Insurance Limited (Rex) is licensed by the National Insurance Commission (NAICOM)
to offer the full range of general and special risks insurance products to the insuring
public. With decades of experience in the Nigerian market, Rex Insurance has an enviable
reputation for technical competence and financial strength.

With a vision of being the “Preferred Nigerian Insurance Company”, our strategic direction
within the next 5 years is to focus on growth and profitability with the aim of growing the
company’s gross premium written and be amongst the Top-Top-Tier general insurance
companies in the market.
Operating from twelve (12) business locations nation-wide to ensure maximum outreach
and accessibility, we have an unwavering dedication to our core values of Resilience,
Efficiency, eXellence, Integrity & Teamwork (REXIT).
For more information on REX, please visit:
Website: www.rexinsure.com
Facebook/Twitter/Instagram: rexinsure
LinkedIn: rexinsure

For more information, please contact:
Wilson Okoh-Esene
Head, Corporate Communications
Rex Insurance Limited
26E, Abdulrahman Okene Close
Off Ligali Ayorinde Street
Victoria Island, Lagos
Phone: 0802 718 4941
Email: w.okoh-esene@rexinsure.com
Web: www.rexinsure.com

Online Poster by — September 29, 2025 in News
Finance Minister to give Keynote Address at FiBOP National Annual Conference 2025

By Fidelia Okafor 
The Honourable Minister of Finance and Coordinating Minister of Nigerian Economy, Mr.Wale Edun will lead robust discussions on how to transform and grow the nation’s  economy to one trillion dollars at the 2025 Finance and Business Online Publishers (FiBOP) national annual conference.
The theme of the conference is : ” Achieving $1 Trillion Economy : Leveraging Technology Innovations, Tax Reforms, and Opportunities in Renewable Energy, Agriculture  and Financial services.
The FiBOP Conference  is bringing together technocrats, leaders of thought, captains of industries, the academia, and key players from across all sectors of the economy to discuss the ways to put the country on the path of accelerated economic growth and development.
The  FiBOP 2025 National Annual Conference will hold on October 18th to 19th, 2025 at Orchid Hotels, Lekki, Lagos State.
The 2025  conference which has continued to garner support and sponsorship from some of the  most reputable organisations and institutions in the nation’s economy has gotten firm commitments from the Nigerian Deposit Insurance Corporation (NDIC), emPLE Insurance Limited, Nigerian Communications Commission (NCC), Polaris Bank, Zenith Bank, Fidelity Bank , Universal Insurance, and Nestle Nigeria Plc. These organizations alongside others will be joining forces to fast track the process towards achieving the one trillion dollars economy by year 2030.
 This conference is pointedly , an integral part of the renewed hope agenda of the President Bola Ahmed administration designed to chart  a clear plan for securing successful mutual accountability and investment strategies, crucial for Nigeria’s economic growth and development, particularly in areas of technology innovations, tax reforms, renewable energy, and agriculture .
Specifically,technocrats and speakers from different sectors of the economy, will also identify innovative strategies for  diversifying from dependence on oil, adapting technology, fostering innovation, investing in renewable energy, insurance, agriculture, and services.
The conference organizers have expressed optimism that more institutions will join the train to attain the $1 trillion economy by 2030, as a means of ensuring improved living conditions for the citizens of the country.
Edun  believes that domestic savings are the engine of sustainable investment. “A trusted and stable financial system, anchored by strong  institutions is essential to lifting millions out of poverty and driving Nigeria’s transition to a $1 trillion economy”
Meanwhile, President, Finance and Business Online Publishers FiBOP, Mr. Charles Onwuatogwu has called on more companies and organizations to partner with the association in alignment with federal government’s objective of wealth creation and advancing the dividends of democracy for the betterment of the people
He also assured that  partners and sponsors will gain a wide range of benefits including well articulated media hype via press interviews, media publicity promotions, display of their organization’s backdrops and similar publicity initiatives to mention but a few.
FiBOP is a registered body by the Corporate Affairs Commission made up of seasoned online publishers and editors, with wealth of experience in the print and electronic media, who are dedicated to promoting informed and balanced reporting of economic events and activities, wealth creation, and contributing to the growth and development of the Nigerian economy and the continent of Africa.
The association’s annual conference provides the needed platform for experts and stakeholders to contribute to issues of great national importance aimed at fostering inclusive growth, unity, and national prosperity.
Online Poster by — September 29, 2025 in News
Ukachukwu Visit CMO Ekwulobia Promise To Partner With Them

By Nnedinma Chukwuleta
 
Prince Nicholas Ukachukwu  All Progressive Congress ( APC)  governorship candidate of the forthcoming election in Anambra State, has assured of bringing good governance  to the people of Ekwulobia in Aguata local Government Area of Anambra State.
He made the statement during  2025 maiden  Diocesan Convention  of the Catholic Men Organization ( CMO) on the lunching of  CMO – CADEK Integrated Farm Project held at saint Joseph Catholic Church Ekwulobia.
Ukachukwu  disclosed his plans for better Anambra, on how to secure the lives and properties  of the people, creating avenue of leveraging of poverty in the state.
The APC flag bearer ensures of leveraging  artificial  intelligence to boast agriculture productivity values chain, involving  farmers, seed companies, infrastructure providers, funding agencies to enable  productivity and support farmers.
He mentioned of having 12 industries  in the state that is under lock and key due to insecurity. “That is why a I made insecurity my priority, many don’t visit home any longer due to insecurity in the state, but I will ensure that insecurity will stop drastically in the state to enable investors partner with the state.
” We need to stop kidnapping, sales of human parts, and make Anambra  a liveable place, he concluded “.
In their separate speeches, Diocesan chaplain Rev Father Peter Nwankwo, President  CMO Hon. Mathew Ezeilo, said the idea of establishing  an integrated farm project is a decision in the right direction, noting that it is planned that garri processing factory, palm kernel processing factory and other processing industrials shall be established  in the farm.
He stated that the farm is aimed at having a mechanised poultry farming Fishing, piggery, snail rearing, grasscutter farm and farming section in different cash crops like cassava, maize, yam, cocoyam, adding that CMO- CADEK wants to be part of the bascket of the nation in the nearest future.
In his response, the Catholic Bishop  of Ekwulobia  Diocese, His Eminence, Cardinal, Peter Ebele Okapaleke thanked Ukachukwu for making out time to visit the church on their programme
Online Poster by — September 29, 2025 in News
2025: Northern Women in Anambra support APC,  Ukachukwu 

By Ebele Ofodile 
Northern Women resident in Anambra State have pledged their support for the governorship candidate of All Progressive Congress (APC) in the November 8, 2025 election, Evangelist Prince Ukachukwu who they reckon regard them as one of his own.
The Northern women who made this known yesterday when they paid him a solidarity support at his campaign in Awka, Anambra State, lamented that their lives have not been touched efficiently by the successive governments in the State.
The Women Leader of Northern Women Support Group for Ikukuoma and Iyom, Hajia Teni Yusuf regretted that most of Northern women resident in the State are jobless, poor and marginalized to the point that they  don’t  benefit from most of the programmes of the State government’.
Yusuf disclosed  that Ukachukwu lived most  of his life in the North and has sizeable investments in the North, noting that he would understand their plight better than other contestants.
She described him as a detribalized Nigerian who stands between making Anambra State benefit more from the Federal Government than any other candidate.
She revealed that she has spent over 35 years in Anambra State stand to explain the plight of her fellow women more..  According  to her, most women in the group are not educated and don’t have jobs, as a result  of which make them to stay at home.
                                                                 Going further, she said those who are educated don’t have jobs, calling on Ukachukwu  to address their plight by providing credible and job opportunities for those educated and non -educated members, among others.
She  said those who paid the solidarity  visit are Northern  Moslem and Christina   women who are living in Anambra State.
Yusuf said: ”We came to pay solidarity support to Ikukuoma (Ukachukwu) campaign   and  Iyom because of his good nature. .”We would go from house to house and church/mosque to mobilize support for APC to  win and meet our needs.   We are both Christian and Moslems. We will mobilize support for him,” she concluded.”
                                                                 Responding, Ukachukwu  welcomed the Northern Women Support Group,  describing them as being part of him and vice versa. The APC candidate  observed that most of them were born  in Anambra State and would ensure he carries them along and do more for them., if elected.
Online Poster by — September 29, 2025 in News
Dangote Refinery Accuses PENGASSAN Of Economic Sabotage

Dangote Refinery Accuses PENGASSAN Of Economic Sabotage Over Supply Cut Directive - Arise News

 

.. Directive Threatens Fuel Availability, Government  Revenue

 

Amaka Obiefuna

Dangote Petroleum Refinery has accused the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) of attempting to sabotage the country’s energy supply chain following a directive issued by the union to its branches to cut off crude oil and gas supplies to the refinery.

 

In a statement issued on Saturday, the company described the directive as “a brazen display of lawlessness and criminality,” warning that the move could plunge Nigeria back into widespread fuel scarcity and disrupt the availability of key petroleum products, including petrol, aviation fuel, kerosene, diesel, and cooking gas.

 

According to Dangote Refinery, PENGASSAN on 26 September instructed its members in various multinational oil companies and subsidiaries including TotalEnergies, Seplat, Renaissance, Chevron, Oando, Shell Nigeria Gas, and NGIC to halt crude oil loading operations and cut off gas supply to the facility “with immediate effect.”

 

The refinery stressed that the union has no legal authority to interfere with contracts signed between the refinery and its suppliers, insisting that such interference amounts to “economic sabotage” against both the company and the Nigerian state.

 

“This is a brazen, albeit shocking display of lawlessness and criminality by PENGASSAN. Absolutely no law gives PENGASSAN the right to direct its branches to “cut off” gas and crude oil supplies to Dangote Refinery or at all. There is also no law in our statute books that would support or enable the PENGASSAN branches having to “cut off” gas and crude oil supplies to Dangote Refinery or at all,” the statement read.  “Besides, it constitutes a criminal conduct for PENGASSAN or its members to disrupt and/or interfere howsoever in the contract between Dangote Refinery and its various vendors for the supply of gas and crude oil to the Refinery. Those supply contracts were not entered into with PENGASSAN; they were entered into by Dangote Refinery with third party vendors and suppliers and PENGASSAN has no right whatsoever to disrupt and/or interfere with the performance of those contracts”.

It noted that PENGASSAN needs to be reminded that Nigeria is a country governed by laws.

 

“Our laws do not brook self-help and mob action that could introduce mayhem and chaos and easily translate into anarchy,” it added.

 

Dangote Petroleum Refinery, world’s largest single-train refinery and one of Nigeria’s highest taxpayers, argued that the directive undermines investor confidence and threatens revenues accruing to federal and state governments. The company also described the refinery as a strategic national asset that should be safeguarded rather than targeted.

“We are, by this write-up, drawing the attention of the Federal Government and its security and law enforcement agencies – as well as all other levels of governments in Nigeria – to this criminal, lawless, reckless and irresponsible conduct of PENGASSAN and calling on them – the Federal Government and its agencies, in particular – to call the Association to order. PENGASSAN has no right to introduce anarchy and mayhem into our society. The Association is not above the law, and it must not be allowed to believe that it is or behave as if it is,” it said

 

The statement further criticised the union for what it called “a contradictory stance,” noting that while PENGASSAN had earlier pledged to pursue legal action against the refinery, it “abandoned the path of lawfulness and embraced mob action.”

 

The refinery noted that apart from the lawlessness and criminality inherent in the PENGASSAN’s instruction to its branches, the Association’s directive amounts to economic sabotage at multiple levels.

 

“In plain language, PENGASSAN has directed its branches to disrupt and stop the supply of petroleum products from the Dangote Refinery to Nigerians. The products that would be disrupted and stopped include but are not limited to aviation fuel, petrol, kerosene, diesel and cooking gas – all products that are used and required by all stripes of Nigerians and persons living in Nigeria, whether high and mighty or lowly and ordinary. In what circumstance would it be justified for PENGASSAN to so disrupt and introduce insufferable hardship into the living conditions of Nigerians? None that we can see. The follow up question is, in whose interest and on whose behalf is PENGASSAN directing and intending to inflict such anarchic and criminal disruption upon the Nigerian society and persons living in Nigeria? Most certainly, not in the interest of the Nigerian State and/or the Nigerian public and citizens,” it added.

 

It stressed that it is also economic sabotage against the Nigerian State at multiple levels as the Dangote Refinery is the only refinery of its type in Africa and ordinarily should be the pride of all Nigerians as well as the governments of Nigeria.

 

“It should ordinarily have special protection and status and indeed qualifies as a strategic national asset. An irreparable injury to the Dangote Refinery such as PENGASSAN has directed constitutes a national embarrassment to all of us. The directive is a disincentive to external investors who ordinarily would have been encouraged by the success of Dangote Refinery to contemplate investing in Nigeria’s oil and gas sector or generally. PENGASSAN may also not be aware that Dangote Refinery is one of the largest contributors to the revenue purse of the Nigerian governments – both Federal and sub-nationals. That contribution is currently threatened by PENGASSAN and would of course be paused if and as soon as and for as long as the PENGASSAN directive is implemented by its branches,” it added.

 

Calling on the federal government and security agencies to intervene, the company urged Nigerians to resist any attempt to disrupt refinery operations, warning that compliance with the directive would cause “irreparable hardship” for households and businesses nationwide.

 

“We are also calling on all Nigerians to take note of the unquantifiable and irredeemable hardship which PENGASSAN wishes to inflict on all of us. There is no Nigerian household that does not use or need the petroleum products which PENGASSAN has now directed its branches, by fiat, to withdraw from the Nigerian market – again, we list some of them: petrol, cooking gas, diesel, kerosene and aviation fuel. The production and supply of these products by Dangote Refinery would cease if the PENGASSAN cabal is allowed or permitted to enforce its lawless and criminal “directive”. The Association must not be allowed to ride roughshod on Nigerians. The repercussions from the PENGASSAN directive would affect and inflict harm on all Nigerians This is therefore a fight for all Nigerians,” noted the statement.

Online Poster by — September 29, 2025 in Industry
Nigerian Insurers Shine With N83 Billion Claim Settlement For Britannia-U Nigeria
The Nigerian insurance industry has paid a staggering N83 billion claim to Britannia-U Nigeria Limited following a massive fire incident on one of the company’s exploration platforms.
The payment was made by a consortium of underwriters after the claim was adjusted from an initial estimate of $72 million to $55 million.
The Commissioner for Insurance/CEO of the National Insurance Commission (NAICOM), Mr. Olusegun Omosehin, speaking at a seminar organised by National Association of Insurance and Pension Editors (NAIPE) in Abeokuta,  Ogun State, commended the industry players for prioritising prompt settlement of genuine claims. He expressed pride in the industry’s ability to pay the claim, noting that it demonstrates the industry’s strength and credibility.
The fire incident occurred on the 4,000 barrels of crude oil per day capacity Britannia-U1 FPSO operated by Britannia-U Nigeria Limited, offshore Forcados in Delta State. Despite initial doubts about the industry’s capacity to pay the claim, NAICOM intervened, and the claim was settled in full.
The NAICOM boss emphasised the need for industry players to publicise claims paid to change the negative perception of the sector. He noted that billions are being paid in claims annually, but these payments are not being publicised, contributing to the negative perception.
The settlement of the Britannia-U claim is part of nearly N180 billion in large claims settled by the industry for corporate clients this year, aside from numerous smaller claims. The NAICOM boss commended the industry’s responsiveness and reliability in settling valid claims, highlighting the importance of trust and confidence in the sector.
The premium for the risk was $170,000, while the claim paid was $55 million (N83 billion), highlighting the significant impact of the settlement on the industry’s reputation.
NAICOM has been working to ensure that the industry provides more oversight functions and makes informed decisions, leveraging data and encouraging collaborations across institutions.
Online Poster by — September 29, 2025 in Insurance and Pension
AIICO Crowned “Outstanding Insurance Company Of The Year” At The 2025 Marketing Edge Awards

AIICO Insurance Plc, a trailblazer in Nigeria’s insurance industry, has once again earned top honours as it clinched the coveted “Outstanding Insurance Company of the Year” award at the 2025 MARKETING EDGE Brands & Advertising Excellence Awards held in Lagos.

This recognition marks the third consecutive year that AIICO has been celebrated at the prestigious event, reinforcing its stature as a leading composite insurer that continues to define excellence in the marketplace. In 2023, AIICO was named “Insurance Company of the Decade”, followed by another top industry honour in 2024, before emerging this year’s Outstanding Insurance Company of the Year.

The organizers of the award noted that AIICO’s selection was based on its sterling performance and the remarkable positive impact it continues to make on the Nigerian financial services industry. The company’s consistency in delivering value to customers, while driving innovation and service excellence, has positioned it as a brand of choice across generations.

Speaking on the recognition, Mr. Segun Olalandu, Head of Marketing and Communications at AIICO Insurance Plc, expressed the company’s appreciation: “We sincerely thank the organizers of the MARKETING EDGE Awards for consistently recognizing and honouring the AIICO brand over the years. This recognition affirms our strength and relevance in the marketplace. At AIICO, we will not rest on our oars. We remain intentional about delighting our customers, meeting their needs, and surpassing their expectations with innovative solutions and superior service.”

This latest award further strengthens AIICO’s long-standing reputation as a trusted brand and a consistent leader in Nigeria’s insurance sector.

About AIICO Insurance Plc

AIICO Insurance is a leading composite insurer in Nigeria, with a 60-year record of accomplishment in delivering quality service to its clients. Founded in 1963, AIICO provides life and general insurance, health insurance, and investment management services to create and protect wealth for individuals, families, and corporate customers.

Online Poster by — September 29, 2025 in News
Nigerian Insurers Shine With N83 Billion Claim Settlement For Britannia-U Nigeria

The Nigerian insurance industry has paid a staggering N83 billion claim to Britannia-U Nigeria Limited following a massive fire incident on one of the company’s exploration platforms.
The payment was made by a consortium of underwriters after the claim was adjusted from an initial estimate of $72 million to $55 million.
The Commissioner for Insurance of the National Insurance Commission (NAICOM), Mr. Olusegun Omosehin, commended the industry players for prioritising prompt settlement of genuine claims. He expressed pride in the industry’s ability to pay the claim, noting that it demonstrates the industry’s strength and credibility.
The fire incident occurred on the 4,000 barrels of crude oil per day capacity Britannia-U1 FPSO operated by Britannia-U Nigeria Limited, offshore Forcados in Delta State. Despite initial doubts about the industry’s capacity to pay the claim, NAICOM intervened, and the claim was settled in full.
The NAICOM boss emphasised the need for industry players to publicise claims paid to change the negative perception of the sector. He noted that billions are being paid in claims annually, but these payments are not being publicised, contributing to the negative perception.
The settlement of the Britannia-U claim is part of nearly N180 billion in large claims settled by the industry for corporate clients this year, aside from numerous smaller claims. The NAICOM boss commended the industry’s responsiveness and reliability in settling valid claims, highlighting the importance of trust and confidence in the sector.
The premium for the risk was $170,000, while the claim paid was $55 million (N83 billion), highlighting the significant impact of the settlement on the industry’s reputation.
NAICOM has been working to ensure that the industry provides more oversight functions and makes informed decisions, leveraging data and encouraging collaborations across institutions.
Online Poster by — September 29, 2025 in News
SEC Raises Alarm Over AI-Generated Investment Scams In Nigeria

Amaka Obiefuna
The Securities and Exchange Commission (SEC) has warned Nigerians to beware of a rising wave of artificial intelligence (AI)-driven scams that are targeting unsuspecting investors with promises of guaranteed profits and fake celebrity endorsements.
The Commission recalls that platforms such as CBEX, Silverkuun, and TOFRO were operating illegally by advertising AI-powered trading systems that promise unrealistic returns.
“These platforms are not registered or regulated by the SEC, yet they continued to mislead the public with false claims of AI-driven investments. They posed serious risks to investors hence the commission issued series of disclaimers against their activities,” the Commission stated.
The SEC explained that fraudsters are increasingly turning to deepfake videos and AI-generated content to lure victims, pointing that manipulated videos featuring politicians, celebrities, and TV hosts are being shared through Facebook ads, Instagram reels, and Telegram groups to give fraudulent platforms an air of credibility.
According to the Commission, “Scammers are exploiting AI to fabricate endorsements and testimonials that appear genuine. This has made traditional fraud detection methods less effective, hence the need for tech-enabled regulation and greater public awareness.”
To counter the growing threat, the SEC explained that it is adopting advanced surveillance systems capable of detecting fraudulent activity in real time, adding that partnerships with the Central Bank of Nigeria (CBN) and the Nigerian Financial Intelligence Unit (NFIU) are being strengthened to enable data-sharing and joint enforcement actions.
“We are moving from reactive to predictive oversight. This is essential in combating fraud and systemic risks in our market,” the Commission emphasized.
The regulator said it has also engaged social media companies to clamp down on misleading ads and cautioned influencers against promoting unlicensed investment schemes.
“Any influencer or blogger found to be complicit in promoting illegal platforms will face regulatory sanctions or even prosecution,” SEC warned.
The Commission urged Nigerians to take extra precautions before investing, stressing that any scheme promising daily profits, zero risk, or celebrity-backed endorsements should be treated with suspicion.
It stated: “Any investment that guarantees unrealistic returns or uses manipulated videos of public figures should immediately raise a red flag”.
The Commission further encouraged Nigerians to verify the registration status of any investment platform on its website, where a list of licensed Capital Market Operators is available.
It added that investors should confirm that registration numbers displayed on company websites match the details on the SEC portal and avoid platforms that only operate through Telegram or WhatsApp without a verifiable office address.
Suspicious platforms or fraudulent ads can be reported directly to the SEC via email at sec@sec.gov.ng, by phone at +234 9 462 1168, or through its online complaints portal.
Online Poster by — September 29, 2025 in Capital Market
PenCom DG Visits The Nigerian Union Of Pensioners, Assures Pensioners Of Improved Welfare

From Left: The Director General of the National Pension Commission, Ms. Omolola Oloworaran and The President Nigeria Union of Pensioners, Comrade Godwin Ikechukwu Abumisi during a recent visit to NUP Headquarters in Abuja

The Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has reaffirmed the Commission’s commitment to strengthening collaboration with the Nigeria Union of Pensioners (NUP) to enhance the welfare of retirees in Nigeria.

 

Ms. Oloworaran made this pledge on Thursday, September 25, 2025, when she led a PenCom delegation on a courtesy visit to the NUP headquarters in Abuja. The team included the Acting Commissioner, Inspectorate, Mr. Samuel Chigozie Uwandu, and other senior management staff.
Speaking during the visit, the PenCom DG lauded the NUP for its unwavering advocacy on behalf of pensioners. She noted that the Union’s representation on PenCom’s Governing Board has been instrumental to the effective implementation of the Contributory Pension Scheme (CPS).

 

She assured the Union that PenCom remained resolute in its mandate to safeguard the retirement benefits of Nigerian workers. The PenCom DG said all outstanding pension increases approved by the Federal Government would be implemented this year, backed by the N758 billion bond approved by President Bola Ahmed Tinubu. She added that the funds would soon be made available for payments to commence.

 

Furthermore, she said PenCom and NUP share a common mission — the protection and welfare of pensioners. She tasked the Union to continue to collaborate with PenCom to ensure that retirees enjoy the dignity and security they deserve after years of service to the nation.

 

In his response, the President of NUP, Comrade Godwin Ikechukwu Abumisi, hailed the visit as historic, describing Ms. Oloworaran as the first PenCom DG to visit the Union’s Headquarters in Abuja.
He praised PenCom as a “star performer” in prioritising pensioners’ welfare and urged the DG to convey the Union’s appreciation to President Tinubu for placing retirees’ wellbeing at the heart of government policy. He added that the pensioners will reciprocate President Tinubu’s actions at the appropriate time.

 

Comrade Abumisi further tasked PenCom to ensure the full implementation of all past pension increases under the CPS — a request the DG reiterated would be achieved before the year runs out.

 

The visit concluded with the PenCom delegation touring the ongoing NUP building project located within the environs of its national headquarters. Both institutions pledged to sustain and deepen their partnership in the collective interest of pensioners nationwide.

Online Poster by — September 29, 2025 in News