All Posts in "Day: March 22, 2024"

CFI, Sunday Thomas appointed into NCDMB as Governing Council member

By Favour Nnabugwu
Nigeria’ s Commissioner for Insurance, and the Chief Executive Officer of the National Insurance Commission (NAICOM), Mr Sunday Olorundare Thomas has been appointed as a Governing Council member of the Nigerian Content Development and Monitoring Board (NCDMB)
Dr Alim Abubakre, British-Nigerian founder of TEXEM UK, a consulting firm in the United Kingdom, says the appointment of Olorundare Thomas to the Nigerian Content Development and Monitoring Board (NCDMB) Governing Council is strategic and exemplary.
Abubakre stated the appointment is also unique in the dynamic landscape of Nigeria’s oil and gas industry, where each appointment resonates with significance.
He said the inauguration of the 4th Governing Council of the no marks a pivotal moment in the industry’s trajectory.
Spearheaded by the Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, this council is entrusted with the crucial mandate of fostering indigenous human and infrastructural capacities within the oil and gas sector.
“Mr Thomas’s inclusion underscores his exceptional leadership acumen and unwavering commitment to advancing Nigeria’s economic interests.
“Drawing from his extensive experience and remarkable achievements, Mr. Thomas stands poised to make invaluable contributions to the NCDMB Governing Council.
“His exemplary stewardship at NAICOM, coupled with his visionary approach towards driving transformative initiatives, exemplifies the calibre of leadership essential for steering the NCDMB towards greater heights of success,” Abubakre said.
He said that Thomas’s multifaceted contributions extend beyond the realm of insurance.
“His pioneering role in establishing and eventually taking off the College of Insurance Supervisors of West African Monetary Zone (CISWAMZ) is a testament to his visionary leadership and proactive engagement in regional initiatives.
“Recognised for his outstanding contributions, Mr. Thomas continues to exemplify excellence and innovation within the regulatory landscape.
“Moreover, Mr Thomas’s strategic foresight is exemplified by the inauguration of a 10-year transformation roadmap for the insurance industry,” Abubakre added.
He said the ambitious endeavour, spanning from 2024 to 2033, underscores Thomas’s unwavering dedication to fostering sustainable growth and development within the insurance sector.
Abubakre said that Thomas exemplifies the transformative impact of continuous learning and professional development as an alumnus of TEXEM, having participated in the company’s executive development programme titled “Risk Management and Effective Leadership.
-NAN
Patoma Admin by — March 22, 2024 in Insurance 0
Four Nigerian Journalists nominated for 9th Pan-African Re/Insurance Journalism Awards

CAPTION:

L – Nike Popoola of Punch Newspapers, Destiny Onyemihia (Nigeria) from Voice of Nigeria and Afeez Hanafi of Daily Trust Newspapers are nominees of the 9th Pan-African Re/Insurance Journalism Awards organises by Continental Reinsurance Plc.in Zimbabwe

 

By Favour Nnabugwu

 

 

Four Nigeria Journalists have been nominated for the 9th Pan-African Re/Insurance Journalism Awards by Continental Reinsurance Plc taking place at Victoria Falls,

The four journalists are Destiny Onyemihia (Nigeria) from Voice of Nigeria; Nike Popoola (Nigeria) of Punch Newspaper; Afeez Hanafi (Nigeria) of Daily Trust and G.U Chukwu (Nigeria) of Daily Review Online

The nominees for the awards ceremony, scheduled to coincide with the Continental Re 9th CEO Summit on April 12th, 2024, in Victoria Falls, Zimbabwe, have been announced

However, Continental Re said the stage is set for the as nominees from across the continent – Burkina Faso, Kenya, Egypt, Rwanda, Cameroon etc to celebrates journalistic excellence in reporting on insurance and reinsurance matters across various media platforms.

The event promises to be a memorable occasion as winners, runners-up, and recipient of the Dr. Femi Future Talent Award will be unveiled during the ceremony.

NOMINEES BY CATEGORY:

Broadcast (English)
• Carolyne Tomno (Kenya) – KASS TV
• Destiny Onyemihia (Nigeria) – Voice of Nigeria
• James Eshun (Ghana) – Joynews TV
• Peter Wakaba (Kenya) – Business Today show – KTN News
• Ridwan Karim Dini-Osman (Ghana) – Star News

Print (English)
• Alfred Onyango (Kenya) – The Star Newspaper
• Bbalewa Zyuulu (Zambia) – Scoop News Zambia
• John Kamau Muthoni (Kenya) – The Standard Group PLC
• Nike Popoola (Nigeria) – Punch Newspaper
• Prosper Ndlovu (Zimbabwe) – The Chronicle

Online (English)
• Afeez Hanafi (Nigeria) – Daily Trust
• G.U Chukwu (Nigeria) – Daily Review Online
• Isaac Wafula Khisa (Uganda) – The Independent Magazine
• Nike Popoola (Nigeria) – Punch Nigeria Limited
• Samuel Sanya (Uganda) – www.ugstandard.com
• Taurai Craig Museka (Zimbabwe) – The Chronicle Zimbabwe and Insurance Biz South Africa

French (Print, Online, or Broadcast)
• Daouda Zongo (Burkina Faso) – Wakat Séra
• Deudjui Ghislaine (Cameroon) – Le Financier d’Afrique
• Fraterne NDACYAYISENGA (Rwanda) – Africa 24 TV
• Mahamadi SEBOGO (Burkina Faso) – Sidwaya
• Oltas Yavis Teddy Goudalo (Benin) – Television Canal3-Benin

Arabic (Print, Online, or Broadcast)
• El Hadi Issa (Egypt) – جريدة المال
• Elshazly Gomaa Ahmed Ali (Egypt) – Almal newspaper
• Islam Abdelhameed Abdelmutlib Farahat (Egypt) – أموال الغد
• Maher Fadl Hanaa (Egypt) – موقع خبري الاقتصادي
• Mohamed Hamdy Ahmed Mahmoud (Egypt) – موقع أموال الغد

The nominees represent a diverse range of media houses and publications, showcasing the breadth and depth of talent in African journalism covering the re/insurance industry.

Their contributions have played a vital role in informing and educating the public about crucial issues in the industry.

Stay tuned for the exciting announcements of the winners, runners-up positions, and the recipient of the Dr. Femi Future Talent Award during the awards ceremony. The event promises to be a highlight of the Continental Re 9th CEO Summit, bringing together industry leaders, journalists, and stakeholders to celebrate excellence in re/insurance reporting.

Patoma Admin by — March 22, 2024 in Insurance 0
Nyerhovwo God’stime Umokoro wins best NBA Awards

By Favour Nnabugwu
A young man from Delta State by name
Nyerhovwo Godstime Umukoro won  nine (9) awards including the best graduating student at the Nigerian law school & the Nigerian Bar association award for best overall male student of the year 2024.
This young Deltan from Ogor in Ughelli North LGA on his Linkin wrote: “I got called to the Nigerian Bar today. I finished as the Best Graduating Male Student as well as the 2nd Best Graduating Student Overall.
“I also won prizes as the best student in Property Law, Corporate Law Practice and Civil Litigation. Those are the headlines, but as you can imagine, the journey was meandered, and filled with ups and downs.
As I struck my pen on those answer sheets in the month of November, I felt something like this could happen. I really did, just like the straight As in WAEC in ‘16 and the two IGCSE awards in ‘17, you tend to just feel these things.
“I assure you, a lot of things can go wrong in a law school year, and your effort and/or brilliance may count for little, but God helped to make it all come good. All gratitude goes to God, my family, friends and everyone really who helped during this journey right from the beginning.

Other awards won by Nyerhovwo Godstime Umukoro Esq are:

Sir Darnley Alexander K.B.E award for the Best Student in Property Law.

Justice Olujide Shomolu award for the Best Student in Civil Litigation.

Justice Irikefe, GCON award for the Best Student in Corporate Law Practice

Nyerhovwo’s academic excellence also includes a Cambridge outstanding learner award in 2015, an A1 in all 9 WAEC subjects in 2016, First Class Honors Bachelor’s degree in Law with a CGPA of 4.92 from Benson Idahosa University and a First Class Honors from the Nigerian Law School.

Patoma Admin by — March 22, 2024 in Others 0
President Tinubu backs reporting Inactive for investment promotion, economic development

By Favour Nnabugwu
President Bola Tinubu has affirmed Nigeria’s commitment to diligently implementing world-leading sustainability reporting standards aimed at unlocking capital investments, transforming business models, and safeguarding the environment in the country.
The President gave the assurance during a meeting on Thursday in Abuja with the International Sustainability Standards Board (1SSB) Chair, Mr. Emmanuel Faber. The President’s endorsement coincides with the launch of Nigeria’s Adoption Readiness Roadmap by the Financial Reporting Council of Nigeria (FRC), in Collaboration with ISSB.
This roadmap aims to guide businesses towards Comprehensive sustainability reporting standards. Highlighting the importance of compliance within the sustainability agenda, President Tinubu pledged that Nigeria would continue to adhere to international standards and expressed readiness to collaborate with ISSB to effectively harness national resources through reformed and reinforced financial management systems.
“As an administration, we are committed to adopting cutting-edge models for financial reporting and process standardization”.
This applies to environmental regulation, where we are on the verge of significantly reducing the volume of gas flaring in the country. We are more transparent than ever before, and we are doing everything possible to represent the continent ina way that will be beneficial to humanity as a whole,” the President stated.
ISSB Chair, Mr. Emmanuel Faber, while recounting Nigeria’s commitment to sustainability reporting, noted that at COP 27 in Sharm el-Sheikh, Egypt, in 2022, Africa’s largest economy had expressed its intent to be among the earliest adopters of rigorous new standards, which is now a reality.
“i am extremely happy to be in Nigeria as the country announces its Adoption Readiness Roadmap. Nigeria is leading the pack in Africa and around the world, and these standards, which Nigeria is willingly adopting, will unlock sustainable capital inflows through foreign direct investments, promote inclusivity in value chains, and facilitate the decarbonization of the national economy,” Mr. Faber said.
Dr. Rabiu Olowo, the Executive Secretary of the Financial Reporting Council of Nigeria (FRC), explained that Nigeria’s decision to join the global baseline for sustainability reporting marks the country as one of the earliest proponents committed to enhancing the transparency of financial information and business performance through sustainable reporting practices.
 “The adoption readiness working group is set to pilot our affairs and roadmap to help us succeed on this journey. We are happy to inform the President that the work of the adoption readiness roadmap is ready, and we have the roadmap for businesses to follow. We have five sets of early adopters, and we have a period for voluntary adoption leading up to 2028 for mandatory adoption of the standards,” Dr. Olowo said.
Patoma Admin by — March 22, 2024 in News 0