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JED to inject 400,000 meters in Plateau, Bauchi, Gombe, Benue

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The Managing Director of Jos Electricity Distribution Company (JED), Engr. Abdo Bello Mohammed has said he inject about 400,000 meters in its franchise States of Plateau, Bauchi, Gombe, and Benue aimed at bridging the gab of meter shortages.

Mohammed disclosed this on Thursday in Jos during an interactive session with vendors handling the company’s Meters Asset Providers (MAP) programme.

He decried the millipedeous speed with which the meter vendors were going about customer metering, adding that more efforts would be put in place towards achieving the metering goals of the company.

“If you look at the number of meters installed by MAP is not impressive. We still have a very long way to go. We will need to expeditiously bridge the metering gap to safeguard our revenue”, Mohammed said.

 

He therefore, requested all the vendors to submit to him their meters deployment plans for 2023 before the end of Next week, saying that all their plans must be strictly adhered to.

He expressed optimism that most of the company’s customers would soon be metered informing that MAP was introduced to ensure access to meters by customers to eradicate billing disputations.

However according to the statement signed by the Head Corporate Communications, JED, Dr. Friday Adakole Elijah, responses from meter suppliers assured that they will live up to their mandates of metering customers.

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Grassrunner’s Godwin Raphael Itotomi Completes Move to French Club Stade de Reims

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Nigerian youngster Godwin Raphael Itotomi has taken a significant step in his football career after completing a move to French club Stade de Reims, where he will continue his development with the club’s youth setup.

Sports247 reports that the highly-rated centre-back, who captained Grassrunners FC of Ogun State, officially signed his contract with the French outfit and is expected to feature for Stade de Reims Révélations, the club’s reserve and youth development team competing in the Groupe Élite Championnat des Réserves Professionnelles.

The transfer marks another milestone for the promising defender, whose leadership qualities and commanding performances at the heart of Grassrunners FC’s defence earned him recognition and opened the door to European football.

Renowned for his composure on the ball, strong aerial presence, tactical awareness and ability to organise the backline, Itotomi now has the opportunity to further develop his game in one of Europe’s respected youth development environments.

The move is expected to expose him to a higher level of competition and professional coaching as he works towards breaking into senior football.

Speaking on the move, those close to the player believe the switch to France represents the perfect platform for the young defender to realise his enormous potential.

Joining Stade de Reims provides him with access to world-class training facilities and a structured development pathway that has produced several top talents over the years.

For Grassrunners FC and Ogun State football, the transfer is another testament to the quality of young players being nurtured at the grassroots level. It also reinforces the growing reputation of Nigerian academies in producing talented footballers capable of earning opportunities with European clubs.

As he begins life in Reims, located in the Grand Est region of northeastern France, Itotomi will be aiming to adapt quickly to his new environment, impress the coaching staff and establish himself as a key figure in the club’s youth ranks.

The move is expected to serve as an important stepping stone in his career, with the long-term ambition of progressing into Stade de Reims’ first team and eventually making his mark at the highest level of European football.

For Nigerian football enthusiasts, Godwin Raphael Itotomi’s transfer is another encouraging success story, highlighting the increasing pathway from grassroots football to elite European clubs.

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FULL LIST: NIIRA 2025: NAICOM Eyes Liquidation for Non-Compliant Operators

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BY NKECHI NAECHE-ESEZOBOR—The National Insurance Commission,((NAICOM),  on Monday said only eight insurance companies are yet to be verified by the commission.

The commission disclosed this today while releasing the 43 insurance firms that met the new minimum capital requirements set up by NIIRA

According to NAICOM “The eight insurance companies submitted evidence of compliance shortly before the statutory deadline are currently undergoing final verification and regulatory review.

This, the commission said would be concluded within fourteen days.

Insurance companies not listed among the 43 verified firms include those currently undergoing final regulatory review, as well as unverified operators at risk of liquidation—such as NICON Insurance Plc; Goldlink Insurance Plc Nigerian Reinsurance; Nigerian Agricultural Insurance Corporation ; Royal Exchange Prudential Life Plc;  Tangerine Life Insurance Limited; Sovereign Trust Insurance Plc; African Alliance Insurance Plc; Guinea Insurance Plc; Regency Alliance Insurance Plc; Staco Insurance Plc; Alliance & General Insurance; Universal Insurance Plc; emPle General Insurance Company Nigeria Limited and emPle Life Assurance Limited.

NAICOM had announced the successful completion of the twelve-month insurance sector recapitalization exercise undertaken pursuant to Section 15 and other relevant provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed into law on 31 July 2025 by His Excellency, President Bola Ahmed Tinubu, as part of his administration’s financial sector transformation agenda towards the attainment of a US$1 trillion economy by 2030.

The successful conclusion of the exercise marks a defining milestone in the transformation of Nigeria’s insurance industry and signals the beginning of a new era for insurance in the country.

Following the enactment of NIIRA 2025, the Commission commenced a structured implementation process to provide strategic oversight, ensure transparency, support operators throughout the transition, and facilitate the effective implementation of the new minimum capital requirements within the statutory compliance period.

To ensure an orderly, transparent, credible, and verifiable process, the Commission issued the Guidelines on the Implementation of Minimum Capital Requirements (MCR) for Insurance and Reinsurance Companies in Nigeria.

The Guidelines provided detailed guidance on the statutory minimum capital requirements under NIIRA 2025, eligible and ineligible capital instruments, admissible and non-admissible assets, verification and validation procedures, regulatory timelines, reporting obligations, and supervisory expectations throughout the implementation period.

The post FULL LIST: NIIRA 2025: NAICOM Eyes Liquidation for Non-Compliant Operators appeared first on Business Today NG.

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