Business
Heirs Insurance and United Capital Empower Women Through Yoga, Finance Meet-Up
BY NKECHI NAECHE-ESEZOBOR—-Heirs Insurance Group and United Capital Plc have hosted the Yoga and Money Meet Up, an exclusive wellness and financial empowerment event for ambitious women.
The event, held in Lagos, offered a curated experience that combined guided yoga and stress management sessions with expert-led conversations on insurance, investment, and asset protection. It reinforced both companies’ commitment to making financial wellness relevant and accessible to Nigerian women.
Speaking on the initiative, Ifesinachi Okoli-Okpagu, Chief Marketing Officer at Heirs Insurance Group, underscored the strong link between insurance and wellness.
“Self-care is not just about indulgence; it is about making deliberate choices that safeguard one’s physical, mental, and financial well-being — and insurance is fundamental to that. For many women juggling careers, businesses, and family, this event addresses a significant pain point: how we protect our assets while still navigating life,” she said.
She also introduced the HerMotor insurance plan, designed for ambitious women who need more than just insurance.
The product offers comprehensive motor coverage against accidents, fire, theft, and other unforeseen incidents that may result in loss or damage to the policyholder’s car. An added benefit is the 24/7 emergency roadside assistance for female car owners during breakdowns caused by accidents or mechanical faults.
The first-of-its-kind solution in the industry is delivered in partnership with AA Rescue and includes a robust rewards programme through which customers can access discounts on spa services, wellness programmes, and more.
Dr Odiri Oginni, Managing Director of United Capital Asset Management, said the collaboration reflects a shared commitment to women’s empowerment.
“Empowerment is at the core of what we do, and co-creating an initiative that directly addresses the financial realities facing Nigerian women further emphasises this.
We recognise that financial independence and personal wellness are deeply interconnected, and by creating opportunities that bring both together, we are reinforcing our commitment to empowering women to confidently pursue and achieve their dreams. This vision informed the creation of our Wealth for Women Fund, which provides women with a secure and accessible avenue to invest smartly and build long-term financial security,” she said.
The Yoga and Money Meet Up reflects a joint vision to empower Nigerian women through financial education and protection.
Heirs Insurance Group is the insurance subsidiary of Heirs Holdings, which has investments across 24 countries and four continents. With a rapidly expanding retail footprint and an omnichannel digital presence, the group serves both corporate and individual customers across Nigeria.
United Capital Plc is a leading Pan-African financial and investment services group providing bespoke, value-added solutions to governments, corporations, and individuals across Africa.
With operations in Nigeria, Ghana, and Côte d’Ivoire, and a growing Pan-African footprint, the group leverages technology, specialist expertise, and retail-led platforms such as InvestNow to deliver cutting-edge financial solutions.
United Capital has been recognised by the Financial Times as one of Africa’s fastest-growing companies for three consecutive years.
The post Heirs Insurance and United Capital Empower Women Through Yoga, Finance Meet-Up appeared first on Business Today NG.
BY NKECHI NAECHE-ESEZOBOR—Mutual Benefits Assurance Plc has disclosed an insider transaction involving one of its directors, Dr. Akinade Ogunbiyi, who sold more than 1.5 million shares in the insurance company in a deal valued at over ₦6.3 million.
The disclosure, signed by Jide Ibitayo, Company Secretary, filed with the Nigerian Exchange (NGX) and the investing public, showed that Ogunbiyi, a Non-Executive Director of the company, disposed of 1,507,309 ordinary shares of Mutual Benefits Assurance Plc between June 3 and June 9, 2026.
According to the notification, the shares were sold at prices ranging from ₦4.20 to ₦4.33 per share, placing the total value of the transaction at between ₦6.33 million and ₦6.53 million.
The transaction was reported as an initial notification of insider dealing in line with regulatory requirements that mandate directors and other insiders of listed companies to disclose transactions involving the securities of their companies.
Mutual Benefits Assurance identified the financial instrument involved in the transaction as its ordinary shares, traded on the Nigerian Exchange under the ticker symbol “MBENEFIT.”
Insider dealing notifications are a key component of market transparency and corporate governance, providing investors with information on share transactions undertaken by directors, executives, and other individuals with access to potentially price-sensitive information.
While insider transactions often attract investor attention, market analysts note that such dealings do not necessarily indicate changes in a company’s outlook, as they may be influenced by personal investment decisions, portfolio rebalancing, or other financial considerations.
The disclosed transaction took place in Lagos, Nigeria, and was executed over a seven-day period between June 3 and June 9, 2026.
Mutual Benefits Assurance Plc remains one of the companies listed on the Nigerian Exchange that regularly complies with insider dealing disclosure requirements, reinforcing transparency in the capital market.
The post Insider Dealing: Mutual Benefits Director, Ogunbiyi Sells Shares Worth Over ₦6.3 Million appeared first on Business Today NG.
The Federal Government has dismissed reports suggesting it plans to introduce new taxes on telecommunications services and petroleum products, saying the claims are false and misleading.
The Federal Ministry of Finance disclosed this on Wednesday in a statement signed by Maryann Duke, senior special assistant on communications and press secretary to the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele.
It said the reports, which linked the proposed taxes to the International Monetary Fund (IMF) Article IV Consultation on Nigeria, do not reflect its position.
According to the government, the recommendations contained in the IMF report are advisory and do not constitute policy decisions or binding actions for Nigeria.
“The Federal Government is not considering the introduction of any new taxes on telecommunications services or petroleum products,” the statement said.
Fuel tax rules remain unchanged.
The government also clarified that existing tax arrangements on petroleum products remain in place.
It said the Value Added Tax (VAT) waiver on fuel has not been removed and is still active.
It also explained that any fuel surcharge can only take effect through a ministerial order published in the Official Gazette, adding that no such action is being considered.
According to the statement, the current arrangements have helped cushion the impact of global fuel price changes on Nigerian households and businesses.
READ ALSO: NRS launches Rev360 to ease tax compliance
Telecoms excise duty
On telecommunications, the government said the excise duty introduced before 2023 has already been repealed under the new tax laws.
It added that the tax is, therefore, no longer in force.
The ministry urged Nigerians, media organisations and businesses to disregard claims about new telecoms and fuel taxes.
It said Nigeria’s tax policy remains focused on improving revenue collection, supporting economic growth, and attracting investment, rather than increasing the tax burden on citizens.
The ministry added that any future tax changes would be communicated through official channels and implemented strictly in line with due process.
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