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Consolidated Hallmark Holdings Commits Over ₦40m to Education as 13th Annual Essay Competition Opens

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L-R: Rukevwe Falana, Company Secretary and Group Head Legal & Compliance Services, Consolidated Hallmark Holdings Plc; Tope Ilesanmi, MD/CEO, CHI Life Assurance Limited; Oladotun Adeogun, MD/CEO, Hallmark Health Services Limited; Eddie Efekoha, Group Chief Executive Officer, Consolidated Hallmark Holdings Plc; Mary Adeyanju, MD/CEO, Consolidated Hallmark Insurance Limited; and Babatunde Daramola, Group Chief Financial Officer, Consolidated Hallmark Holdings Plc at the Pre-Award Conference for the 13th Annual Essay Competition.

PRESS RELEASE—In line with its commitment to education, industry development and thought leadership, Consolidated Hallmark Holdings Plc has announced the 13th edition of its Annual Essay Competition, an initiative that has grown into one of Nigeria’s respected academic platforms for advancing insurance education.

Since its launch in 2011, the financial services group has invested over ₦40 million in the educational sector through the competition, rewarding outstanding essays from tertiary institution students and staff members across the group. Beyond the cash prizes, the initiative has helped stimulate intellectual engagement, encourage critical thinking and deepen awareness of the role of insurance in economic development.

The 2026 edition introduces two categories designed to promote both internal reflection and broader industry dialogue.

The Internal Category, open to employees across the group, is themed “Re-enacting CHH Corporate Culture and Brand Identity: Why It Really Matters.” The topic encourages staff to reflect on the organisation’s culture and values, and how these translate into daily actions, professional conduct and customer experience.

The External Category, open to tertiary institutions offering insurance-related programmes across Nigeria, focuses on the topic “Economic Hardship: Effect on Disposable Income and Demand for Insurance.” Students are expected to examine how economic pressures influence household spending and insurance uptake, while proposing practical ideas that could strengthen financial protection for Nigerians.

Speaking at the pre-award press conference, the Group Chief Executive Officer of Consolidated Hallmark Holdings Plc, Eddie Efekoha, said the competition is designed to inspire ideas that can shape the future of the insurance industry.

“Economic hardship is not merely a statistic; it is lived reality in homes across Nigeria. Yet within constraint lies creativity. We are challenging our brightest Insurance and Actuarial Science students to move beyond describing the problem and provide bold, evidence-based thinking that charts realistic pathways toward wider insurance adoption and stronger household security.”

Efekoha added that the competition goes beyond academic recognition, describing it as “seed capital for ideas” capable of influencing industry thinking and innovation.

Also speaking, the Managing Director of Consolidated Hallmark Insurance Limited, Mary Adeyanju, emphasised that the initiative reflects the group’s long-term strategy of nurturing talent and strengthening the intellectual foundation of the insurance sector.

“Sustainable growth in insurance requires ideas, research and professionals who understand the realities of our market. Through this competition, we are bridging the gap between the classroom and the industry while encouraging solutions that strengthen trust and accessibility in insurance.”

To reward excellence, the national winners will receive:

• 1st Place – ₦1,000,000

• 1st Runner-Up – ₦750,000

• 2nd Runner-Up – ₦500,000

The winners will be unveiled at an award ceremony scheduled for April 13, 2026, at Workforce Group from 3:00 pm to 5:00 pm. The event will bring together finalists, parents, academic representatives, industry leaders and the media.

In a special highlight, winners from the previous edition whose recognition was postponed, will also be honoured, making the 2026 event a double celebration of academic excellence.

The competition is open to 300 Level and HND1 students and above studying Insurance or Actuarial Science. Essays must be original, typed with double-line spacing and referenced using APA style.

Entries are to be submitted through the Heads of Department of Insurance, who will forward the top three essays from their institutions to the organisers. Applications close on April 11, 2026.

About Us:
Consolidated Hallmark Holdings Plc is a non-operating holding company focused on managing a portfolio of strategic investments across Nigeria’s financial services sector. Listed on the trading floor of the Nigerian Exchange Group in November 2023, the Group provides insurance, life assurance, healthcare, and financial solutions through its subsidiaries: Consolidated Hallmark Insurance Limited, CHI Life Assurance Limited, Hallmark Finance Company Limited, and Hallmark Health Services Limited. Together, these companies serve individuals, SMEs, and corporates with risk protection, health management, and financing solutions that support financial security and economic growth.

The post Consolidated Hallmark Holdings Commits Over ₦40m to Education as 13th Annual Essay Competition Opens appeared first on Business Today NG.

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Business

Nigeria, Canada expand air deal, facilitate direct flights

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Nigeria and Canada have expanded their bilateral air transport framework, paving the way for scheduled direct air services between the two countries and creating new opportunities for passenger and cargo operations.

The agreement, signed on Thursday in Abuja, provides for multiple airlines from both countries to operate scheduled services and establishes capacity for passenger and cargo flights.

It also provides for up to 14 weekly passenger flights and 10 weekly all-cargo flights for designated airlines from each country.

The agreement is expected to improve air connectivity between Nigeria and Canada while supporting trade, tourism, education, investment and stronger people-to-people relations.

The Minister of Aviation and Aerospace Development, Festus Keyamo, was represented at the signing by the Director of Air Transport Management in the ministry, Mohammed Ahmed Tijjani.

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Mr Tijjani signed the agreement with Canada’s Chief Air Negotiator for Global Affairs Canada, Shendra Melia, at the Canadian High Commission in Abuja.

The signing followed a technical review session in which officials from both countries examined the existing bilateral air services framework and agreed to expand it.

Nigeria, Canada expand air deal, pave way for direct flights
Nigeria, Canada expand air deal, pave way for direct flights

Shift towards direct connectivity

The new arrangement represents a significant expansion of the aviation relationship between Nigeria and Canada.

The two countries first negotiated an air transport agreement in 2014, but the framework was initially limited to code-sharing arrangements rather than direct scheduled flights.

The agreement was formally signed in March 2025, providing a framework for airlines to market services operated by partner carriers.

The latest expansion changes that framework by allowing designated airlines from both countries to operate scheduled services directly between Nigeria and Canada.

The agreement, therefore, provides the legal basis for airlines to pursue direct operations, although the signing itself does not mean such flights will begin immediately.

Airlines would still need to be designated by their respective governments and meet applicable regulatory, operational and commercial requirements before commencing services.

More opportunities for passengers and cargo

For travellers, direct scheduled services could reduce the need for connecting flights through third countries and make journeys between Nigeria and Canada more convenient.

The development could be particularly significant for Nigerians travelling to Canada for education, business, tourism and family visits, as well as Canadians travelling to Nigeria for business and other purposes.

As of 31 March 2026, more than 25,000 Nigerians held valid Canadian study permits, according to the information provided by the Federal Government, highlighting the importance of the education link between the two countries.

The agreement also provides a greater scope for cargo operations.

Under the expanded framework, designated airlines can operate up to 10 weekly all-cargo services, while fifth-freedom traffic rights have been granted for cargo operations.

Fifth-freedom rights allow an airline to carry traffic between two foreign countries as part of a service that originates from or terminates in the airline’s home country.

The provision could create additional options for moving goods through the two countries and strengthen commercial links between Nigerian and Canadian businesses.

Wider economic ties

The expanded aviation agreement comes as Nigeria and Canada seek to deepen economic relations beyond air travel.

Improved connectivity can support tourism, facilitate business travel, encourage investment and make it easier for people and goods to move between the two markets.

The Nigerian delegation at the signing included the Director of Air Transport Management, Mr Tijjani; the Director of Legal Services, Jummai Yahaya; and the Director of Air Transport Regulation at the Nigeria Civil Aviation Authority, Olayinka Babaoye-Iriobe.

The Canadian delegation was led by Ms Melia and included officials from Global Affairs Canada and Transport Canada.

READ ALSO: FG approves New York, Dubai, Canada routes for United Nigeria Airlines — Keyamo

The expanded framework gives airlines from both countries greater room to compete, as each country can designate multiple carriers rather than restricting scheduled operations to a single airline.

For Nigeria, the development also fits into the Federal Government’s wider effort to expand international air connectivity and secure new routes that can support tourism, trade and investment.

The agreement now provides the framework for airlines on both sides to pursue direct scheduled services, potentially bringing an end to years of reliance on connecting routes for travellers moving between Nigeria and Canada.


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Business

NAICOM Revokes Nigeria Reinsurance Licence Over Minimum Capital Deficit

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BY NKECHI NAECHE-ESEZOBOR—For not meeting  the statutory Minimum Capital Requirement as stipulated by the Nigerian Insurance Industry Reform Act 2025, the National Insurance Commission (NAICOM), has withdrawn the operating licence of Nigeria Reinsurance Corporation.

The commission has also appointed Dr Muiz Banire, SAN, as receiver and provisional liquidator which took  effect on 3 August 2026.

According to notice dated 4 August, Banire confirmed he was empowered by NAICOM to oversee the receivership and liquidation of the company (registration number RR-002).

The withdrawal of authorization followed the organization’s failure to meet mandatory capital baselines before the statutory deadline.

The appointed liquidator is tasked with tracing and securing assets, auditing liabilities, coordinating with regulatory authorities, and submitting progress reports.

He ordered an immediate freeze on all corporate bank accounts, instructing financial institutions, clients, and the public to ignore commands unless issued directly by him or certified representatives.

Regulators framed this measure as essential to uphold financial standards, protect consumers, and maintain sector stability.

All involved parties must channel future transactions exclusively through the liquidator while assets are realized and operations are systematically terminated.

The post NAICOM Revokes Nigeria Reinsurance Licence Over Minimum Capital Deficit appeared first on Business Today NG.

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