Business

IMT 5;0 Set for September 2026 in Lagos

Published

5 months ago

June 7, 2026

West Africa’s leading insurance and technology conference, Insurance Meets Tech (IMT), will return for its fifth anniversary edition on Thursday, 18th September 2026, at the Balmoral Convention Centre, Sheraton Hotel in Ikeja, Lagos.

Created by the strategic communications agency Creato Urban, the flagship event has evolved since its 2021 debut into a critical cross-industry platform designed to accelerate digital transformation, boost customer acquisition, and foster collaboration across the regional insurance landscape.

This year’s milestone event, themed “Building Insurance That Connects,” marks a fundamental shift in the industry’s digital evolution.

Rather than debating the theoretical benefits of technology, IMT 5.0 will focus strictly on the practical embedding of cutting-edge solutions into everyday insurance products, regulatory processes, and customer experiences. Convener Odion Aleobua emphasized that the conference comes at a critical juncture for a newly reformed and recapitalized insurance sector.

The core objective of IMT 5.0 is to bridge the existing gaps between technological innovation and consumer trust, ensuring that ambitious digital ideas translate into tangible impact and genuine financial inclusion for the people they are designed to serve.

To address these pressing integration challenges, the convention will bring together an interconnected ecosystem of founders, CEOs, domain experts, policymakers, and customers.

Attendees can expect a high-impact agenda featuring keynote presentations, technology showcases, and panel discussions dedicated to the forces reshaping African insurance.

The dialogue will directly confront the realities of deployment—moving from isolated concepts to collaborative, market-ready solutions driven by artificial intelligence, digitization, and customer-centric product design to define the future of the continent’s insurance landscape.

Business

Retirees Earning ₦150,000 or Less to get Free Health Insurance-PenCom

Published

3 hours ago

November 6, 2026

PlateauReports

BY NKECHI NAECHE-ESEZOBOR—Nigerian retirees aged 60 and above who receive a monthly pension of ₦150,000 or less are to get free health insurance, according to the National Pension Commission (PenCom).

The commission disclosed this in a notice posted on its X account, titled “Something big is coming for Nigeria’s retirees.” The notice says the development “concerns you directly” for pensioners in that category and names November 10, 2026 as the date to mark.

The free healthcare initiative is expected to enhance the well-being of retirees and strengthen their retirement security.

According to PenCom, the initiative is meant to reward retirees for the years they spent in active service.

“You gave Nigeria your best. Now, it’s your turn to be cared for,” the notice says.

The commission also directed retirees and other interested persons to visit its official website, pencom.gov.ng, or the websites of any Pension Fund Administrator (PFA) for more information.

The post Retirees Earning ₦150,000 or Less to get Free Health Insurance-PenCom appeared first on Business Today NG.

Business

Afrinvest CEO recalls how Elumelu’s $1 million loan helped salvage firm from crisis

Published

11 hours ago

November 6, 2026

PlateauReports

Tony Elumelu played a supreme role in getting investment bank Afrinvest back on track in 2011 after the global financial meltdown pushed the investment bank to the brink, its chief executive recalled in a letter to the tycoon seen by PREMIUM TIMES.

The multisectoral magnate, who is the top shareholder of United Bank for Africa, the Transcorp Group, and Seplat Energy, granted a soft loan of $1 million to Ike Chioke, the CEO of the financial institution, as a mark of urgent support when the firm direly needed the cash to recapitalise, the latter said.

“Fifteen years ago, Afrinvest was navigating one of the most challenging periods in its history, as we struggled to rebuild and recapitalise the business in the aftermath of the global financial crisis,” Mr Chioke said.

“At that critical juncture, when the future was far from certain, you made the remarkable decision to lend me US$1 million of your personal funds. You placed your confidence not simply in the prospects of a business but in me as an individual, my integrity, my determination and my conviction that Afrinvest could emerge stronger from adversity.”

This June, Mr Chioke eventually completed the repayment of the credit, according to the letter, describing the gesture as an extraordinary act of friendship, generosity and trust.

READ ALSO: Afrinvest repays undocumented $1 million from Elumelu with interest

Mr Elumelu, whose economic vision is anchored on what he calls “Africapitalism” – an investment philosophy that prioritises the private sector’s role in democratising the wealth Africa needs to power large-scale growth, has been involved in active philanthropic initiatives on the continent.

In March, his foremost charity project, the Tony Elumelu Foundation, turned sixteen, and he said the initiative had disbursed over $100 million in seed capital to 24,000 entrepreneurs in Africa and created more than 1.5 million jobs over the period.

The foundation expects to fund an additional 3,200 entrepreneurs this year, it said in September.

Mr Chioke applauded the profound impact Mr Elumelu’s financial assistance has had on Afrinvest, notably transforming it into a diversified regional financial services group with an expanding universe of clients and operations in asset management, investment banking, research & consulting, and securities trading.