Adelakun Retires from Regency Alliance Insurance

Image

By Modupe Gbadeyanka

The Executive Director in charge of operations at Regency Alliance Insurance Plc, Mr Akin Adelakun, has retired from the firm.

A statement issued by the insurance company on Thursday, June 22, 2017, disclosed that Mr Adelakun’s retirement will take effect from Friday, June 30, 2017.

“This is to notify the Nigerian Stock Exchange (NSE) and members of the public that Mr Akin Adelakun, an Executive Director (Operations), will be retiring from the board of the company from Friday, June 30, 2017,” Regency Alliance Insurance Plc said in the statement.

It was gathered that Mr Adelakun joined the company from inception in 1994 and served in various capacities at the firm.

In August 2003, Mr Adelakun became an Executive Director of Regency Alliance Insurance Plc, where he was instrumental to the success of the firm.

Share
Related Stories
Image
01-March-2024

Risevest Suspends Crypto Payment as Clampdown Intensifies

By Adedapo Adesanya Foreign stocks trading and investment firm, Risevest, has voluntarily announced a temporary suspension of cryptocurrency assets in Nigeria until the current wave of clampdown on operations settles. In a notice sent to customers on Friday and seen by Business Post, the platform said users won’t be able to fund their wallets using cryptocurrency as it allowed. The company revealed that it noticed that there has been an uptick in funding and possible gaming of the system, and warned against this. “We’re temporarily suspending crypto funding on Rise for users in Nigeria, pending clarity on the regulatory landscape.

Image
01-March-2024

Foreign Capital Into Nigeria’s Energy Industry Plunges 42.8% to $3.64bn in 2023

By Adedapo Adesanya Foreign capital inflows, which gauges the level of foreign investment into the country, through the Nigerian oil and gas industry in 2023 dropped by 42.8 per cent to $3.64 million from the $6.37 million recorded in 2022. This is contained in the latest data obtained from the Nigeria capital importation report for the fourth quarter of 2023 released recently by the National Bureau of Statistics (NBS). The NBS revealed that total foreign capital inflow into the oil and gas sector in 2023 accounted for 0.09 per cent of total foreign capital inflow into the Nigerian economy in

Image
03-March-2024

Abuja Residents Loot NEMA Warehouse as Hardship Bites Harder

By Adedapo Adesanya As hardships spurred by the rising cost of food, fuel, and other basic needs bite harder, some residents of the Nigerian capital, Abuja, broke into a government warehouse in the city to loot food items on Sunday morning. According to reports, the incident, which involved a warehouse belonging to the National Emergency Management Agency of Nigeria (NEMA), happened around 7 am and continued for about two hours. Amid the current economic realities in the country, there has been a spate of breaks in and looting of both private and public storage units by residents. The warehouse looted

Image
04-March-2024

Meristem Analysts Value Transcorp Power at N2.3trn

By Aduragbemi Omiyale Analysts at Meristem Research have put the value of Transcorp Power Plc at about N2.3 trillion (precisely N2.290 trillion), higher than its current value of N1.8 trillion. The power-generating firm joins the Nigerian Exchange (NGX) Limited today, Monday, March 4, 2024, by introduction. It will be the second GenCo (Generating Company) to list its shares on the domestic stock exchange. The first was Geregu Power Plc owned by Mr Femi Otedola, which joined in October 2022. Transcorp Power, a subsidiary of Transcorp Plc, a firm controlled by Mr Tony Elumelu, listed today on the bourse about 7,500,000,000

More Stories
Image
04-April-2023

Highest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn

Highest-Paid footballer from Nigeria The phrase “Naija no dey carry last” has been evident in football recently as there has been an influx of Nigerian footballers playing abroad. Football is the most popular sport in Nigeria with millions of fans supporting their clubs abroad. Nigeria has always been a home of incredible football talents and with more amazing young footballers showing in recent years, the weekly wages of Nigerian footballers has been on a rise. The huge wages being paid to Nigerian footballers isn’t a surprise as the impact of the players is evident in those teams. Aside from the

Image
22-October-2021

Group Reports Lagos Government to Buhari

By Mohammed Kerimu The Shangisha/Magodo Landlords Association of Nigeria has petitioned President Muhammadu Buhari over the refusal of the Lagos State Government to execute the ruling of the Supreme Court on the return of 549 plots of land to its original owners by the state. In a document submitted to the Presidency and sighted by this reporter, the association expressed optimism that Mr Buhari would do justice to the matter he has demonstrated that a strong judiciary is a sine qua non for the operation and sustenance of democracy which he had vowed to defend. The group further noted that

Image
02-March-2021

Oil Prices Fall Ahead of Crucial OPEC+ Meeting

By Adedapo Adesanya Oil prices plunged on Monday ahead of a key meeting of the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) scheduled for this week. Members of the oil cartel are expected to meet in a few days to discuss happenings at the global market and it is believed that they would support the return of more supply to the fast-tightening market. In recent times, the price of the commodity had risen but yesterday, the Brent crude futures lost $1.04 or 1.61 per cent to trade at $63.38 per barrel, while the West Texas Intermediate (WTI)

Image
23-July-2021

Insurgency: Nigeria Gets A-29 Super Tucano Aircraft

By Adedapo Adesanya Nigeria has received the first batch of A-29 Super Tucano aircraft procured from the United States of America, says the Nigerian Air Force. In a statement signed by NAF spokesman, Air Commodore Edward Gabkwet, it was disclosed that the aircraft arrived in Kano State on Thursday and was received by the Minister of Defence, Mr Bashir Magashi; Chief of Army Staff, Lieutenant General Faruk Yahaya; and Chief of Air Staff, Air Marshal Oladayo Amao. Mr Gabkwet said the second batch of the A-29 Super Tucano is expected to arrive in the country before the end of the

Image
23-September-2016

RCCG Lagos Province 38 Men Hold Free Diabetes Screening

By Dipo Olowookere October 1, 2016, has been fixed by the Redeemed Christian Church of God (RCCG) Lagos Province 38 for the 2016 convention of the Redeemer’s Men. The programme is held yearly to celebrate and worship God in a special way. The 2016 edition is themed ‘Created For Exploits’ and some anointed men of God have been invited to minister at the event. According to activities lined up for the programme, there would be business, health and marriage seminars. Information gathered from executives of the Redeemer’s Men revealed that the event will kick off on Thursday, September 29 with

Image
13-February-2017

Sheikh Mohammed Launches ‘Climate Change Reimagined’

By Modupe Gbadeyanka Vice President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, has inaugurated the Museum of the Future installation at the 5th annual World Government Summit, taking place in Dubai on February 12-14, 2017. The exhibit proposes three ideas for how countries can deal with the consequences of climate change. The UAE’s Ministry of Economy predicts the cost of importing food to quadruple to 60% of GDP by 2025 unless local, sustainable food sources are provided. According to the OECD, the global supply of potable water is projected to fall

Image
20-August-2021

Savvy Shops for Mentors for Budding Entrepreneurs

By Sodeinde Temidayo David Savvy has called on successful entrepreneurs to apply and serve as mentors in its fellowship programme for aspiring and early-stage entrepreneurs. The fellowship programme is held virtually for passionate and brilliant young professionals seeking to be part of the new generation of impact entrepreneurs, who have already registered for the scheme. Currently, the Savvy mentorship team includes 154 changemakers from 39 countries, with a combined experience of over 700 years and are looking for more amazing persons to join the team. It announced that it accepts new applications year-round with no deadline and called for business

Image
11-July-2018

Spar Nigeria Emerges Outstanding Retail Brand

By Dipo Olowookere Leading chain of hypermarket stores, Spar Nigeria, has been announced as the 2018 winner of the Outstanding Retail Brand of the Year award. This announcement was made at the 6th edition of the Marketing Edge Brands and Advertising Excellence Awards that took place in Lagos on Friday, July 6, 2018. The award presented to SPAR Nigeria was in recognition of its excellent service delivery and immense contribution to the Nigerian retail sector through her stores located across the country. Marketing Edge Brand and Advertising Excellence Awards is an annual event that recognises and celebrates outstanding personalities and

Ad
Ad
Recent Stories
Image
04-March-2024

UK Announces £37.3m to Boost Livelihoods in Nigeria, Others

By Adedapo Adesanya The United Kingdom has announced new funding for the Mobile for Development Programme to help more people access mobile and digital technologies to find new opportunities and boost their livelihoods in Nigeria and other developing countries. UK’s Minister for Development and Africa, Mr Andrew Mitchell MP, during a speech at Mobile World Congress last week, announced that the UK is providing £37.3 million of new support for the Mobile for Development Programme. The new UK funding for innovative mobile phone technology will help change lives in developing countries around the world by harnessing AI technology to provide

Image
04-March-2024

Newly-Listed Transcorp Power Targets N500bn Revenue by 2031

By Adedapo Adesanya The latest company to join the Nigerian Exchange (NGX) Limited, Transcorp Power Plc, has announced a revenue target of N500 billion by 2031, tapping opportunities in the capital market and sustainable energy. This was disclosed by the Managing Director of the firm, Mr Peter Ikenga, during the Facts Behind the Listing held at bourse on Monday. The firm, owned by businessman and Chairman of UBA Plc, Mr Tony Elumelu, listed its stocks on the Main Board of the nation’s flagship exchange by introduction. It listed 7,500,000,000 ordinary shares of 50 Kobo each at N240.00 per share. Speaking

Image
04-March-2024

DisCos Must Promptly Respond to Customers’ Complaints—FCCPC

By Aduragbemi Omiyale Electricity distribution companies (DisCos) in the country have been charged to respond to customers’ complaints quickly for better service delivery. This task was given to the energy firms by the Federal Competition and Consumer Protection Commission (FCCPC), which said the companies must design a quick response mechanism to address issues from their customers. Speaking last Saturday at a four-day one-stop-shop for addressing billing, metering, transformer, connection, disconnection, customer service and other electricity consumer issues in Ikeja Electric coverage areas, the acting executive chairman of FCCPC, Mr Adamu Abdullahi, said the highest number of complaints received by the

Image
04-March-2024

Omokungbe Wants Implementation of Initiatives on Women’s Entrepreneurship

By Aduragbemi Omiyale A former Rector of Yaba College of Technology (YabaTech), Lagos, Mr Obafemi Omokungbe, has called for the implementation of programmes and initiatives designed to promote women’s entrepreneurship in Africa. Speaking at the just-concluded 10th anniversary of the African Women Foundation for Nation Building (WINBAFRICA) in Lagos, Mr Omokungbe, a fellow of the Nigerian Society of Engineers (NSE), also appealed to African countries to renew their commitment to women’s empowerment, saying it is a crucial step towards nation-building. According to him, the journey toward women’s empowerment in Africa involves a comprehensive approach that spans various sectors, including education,

Image
04-March-2024

NGX Group Declares 75 Kobo Final Dividend Amid 57.4% Surge in FY’23 Earnings

By Aduragbemi Omiyale A final dividend of N1.5 billion, amounting to 75 Kobo per share has been declared by the board of the Nigerian Exchange (NGX) Group Plc for the 2023 financial year. This brings to N1 the total dividend to be paid by the company after paying 25 Kobo (N495.5 million) as interim dividend at mid-year. In its audited financial statements for the year ended December 31, 2023, the NGX Group said its gross earnings increased by 57.4 per cent to N11.8 billion in FY 2023 from N7.5 billion in FY 2022 because its performances in core revenue and

Image
04-March-2024

Red Line Rail: Labour Party Demands Value for Money

By Aduragbemi Omiyale The Lagos State chapter of the Labour Party has tasked Governor Babajide Sanwo-Olu to ensure the recently commissioned Red Line Rail does not turn out to be another failure due to poor maintenance culture. In a statement by its Publicity Secretary, Mrs Olubunmi Odesanya, the opposition party appealed to the state government to ensure its sustainability. While greeting residents of the metropolis on the project, which was commissioned last Tuesday by President Bola Tinubu, the Labour Party faulted the timing of its completion, saying the ruling All Progressives Congress (APC) ought to have put the initiative in

Image
04-March-2024

Access Bank to Give 700,000 MSMEs Access to N50bn Via YouThrive

By Modupe Gbadeyanka An initiative known as YouThrive designed to give entrepreneurs in the micro, small and medium enterprises (MSMEs) access to a N50 billion credit facility has been introduced by Access Bank Plc. The lender disclosed at a media briefing in Lagos that about 700,000 MSMEs would benefit from this programme, which is open to business owners between the ages of 21 and 40 years. YouThrive is a transformative initiative designed by Access Bank to empower, uplift, and accelerate the next generation of MSMEs. According to the Deputy Managing Director of Access Bank, Mr Victor Etuokwu, who addressed journalists

Image
04-March-2024

Peter Obi Laments Nigeria’s Dependence on War-Torn Ukraine for Food

By Adedapo Adesanya The presidential candidate of the Labour Party in the 2023 polls, Mr Peter Obi, has lamented Nigeria’s dependence on Ukraine, a country ravaged by war, for food aid. Mr Obi, in a statement on Monday, expressed dissatisfaction at the current economic realities and recounted times when the Nigerian economy was faring better than that of Ukraine in 2015. “Ukraine cultivates over 60 per cent of its arable land, whereas Nigeria has over 60 per cent uncultivated arable land. “Despite the conflict, Ukraine feeds itself, and exports agricultural products worth over $25 billion which is about the same

Image
04-March-2024

AfDb Injects $134m Into Rice, Maize, Cassava, Soybean Production in Nigeria

By Adedapo Adesanya The African Development Bank (AfDB) is supporting Nigeria in the cultivation of rice, maize, cassava and soybean to boost food production with the provision of $134 million to achieve this. The president of the multilateral lender, Mr Akinwunmi Adesina, said on Saturday after visiting the Centre for Dryland Agriculture (CDA) at Bayero University, Kano, that the bank would support Nigeria to cultivate 300,000 hectares each of rice and maize, 150,000 hectares of cassava and 50,000 hectares of soybeans during the 2024 planting season. The CDA is a World Bank-supported centre established to serve as a regional training

Image
04-March-2024

Salesforce Unveils Conversational AI Assistant Einstein Copilot

By Modupe Gbadeyanka A new customisable, conversational, and generative AI assistant for CRM, Einstein Copilot, has been launched by Salesforce. The system was unveiled at the Mobile World Congress in Barcelona, Spain, and it will use adequate company data to generate useful responses. The Einstein Copilot enables Salesforce customers to generate responses using their private and trusted data, while maintaining strict data governance and without requiring expensive AI model training. As a result, Einstein Copilot can answer questions, summarise content, create new content, interpret complex conversations, and dynamically automate tasks on behalf of a user, all from a single, consistent