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Life Arm Leads as emPLE Pays ₦7bn in Claims Across Key Sectors

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BY NKECHI NAECHE-ESEZOBOR—emPLE Nigeria said it paid over ₦7 billion in claims to policyholders in 2025, underscoring its commitment to meeting obligations and supporting customers during times of need.

The company disclosed this in a statement made available to BusinessTodayNG.

A breakdown of the claims shows that the life business paid over ₦4.1 billion, while the general insurance arm disbursed more than ₦3.6 billion across key sectors, including energy, engineering, motor, marine cargo, and marine hull.

Commenting on the development, Olalekan Oyinlade, Chief Executive Officer of emPLE General Insurance Limited, said insurance remains a “sacred obligation” to provide support in times of adversity.

“Insurance, at its core, is a promise, a sacred obligation to provide support in times of adversity, and in 2025, we honoured that promise,” he said.

He added that amid ongoing industry reforms, the company remains focused on strengthening underwriting discipline, improving claims efficiency, and building a more resilient business capable of delivering consistent value to customers and stakeholders.

Also speaking, Jolaolu Fakoya, Managing Director of emPLE Life Assurance Limited, said life insurance plays a critical role in providing financial reassurance to families during periods of loss.

“In Life Insurance, our role in providing reassurance in moments of uncertainty is close to our heart,” he said.

He cited examples of claims paid, including ₦112 million to the family of a 47-year-old breadwinner, ₦21 million to a bereaved mother, and ₦205 million to another family following the loss of a 55-year-old loved one.

Fakoya added that the company is focused on deepening insurance penetration by simplifying access, improving customer experience, and strengthening public trust in the value of insurance.

“This is to ensure more Nigerians understand the value of insurance and benefit from it when it matters most,” he said.

The company said the milestone reflects its continued growth and its commitment to transforming insurance from a transactional product into a reliable support system that enables individuals and businesses to face the future with confidence.

About emPLE

emPLE is a Nigerian insurance brand operating through emPLE General Insurance Limited and emPLE Life Assurance Limited, focused on delivering accessible protection solutions grounded in governance discipline, operational excellence, and sustainability principles.

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FAAN announces additional health screening measures, enhanced Ebola surveillance at Nigerian airports

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The Federal Airports Authority of Nigeria (FAAN) has assured travellers and other airport users that enhanced health surveillance measures have been activated across the country’s international airports following renewed Ebola concerns in parts of Central Africa.

In a statement issued on Wednesday, FAAN said the measures were introduced in collaboration with Port Health Services, the Nigeria Centre for Disease Control and Prevention (NCDC) and other relevant agencies to strengthen preparedness and prevent possible health risks.

According to the authority, surveillance and passenger monitoring have been intensified, particularly for travellers arriving from high-risk regions.

“Passengers are being screened for symptoms associated with Ebola, and any suspected case will be promptly isolated and subjected to secondary health checks in line with established national and international health protocols,” the statement said.

FAAN noted that additional emergency response procedures have also been reinforced while airport personnel have undergone increased sensitisation as part of precautionary efforts.

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The authority stressed that there is currently no confirmed Ebola case in Nigeria but said it remains vigilant in safeguarding public health and ensuring safe airport operations.

“FAAN remains vigilant and fully committed to safeguarding public health and maintaining safe airport operations,” the agency stated.

READ ALSO: FAAN nabs four unauthorised persons at Akure airport

Passengers were also advised to remain calm, cooperate with health screening procedures and report any symptoms to health officials at the airports.

The development comes as health authorities across parts of Africa continue to monitor Ebola-related concerns and strengthen border surveillance to prevent cross-border transmission.

Nigeria’s aviation and health authorities have previously activated similar emergency screening measures during periods of global and regional disease outbreaks, including the COVID-19 pandemic and earlier Ebola scares.


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Inspen Retirement summit for informal sector workers holds Today

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How to transition informal sector workers from “daily survival” to a life of “structured retirement” through insurance and pension instruments is the question experts will be providing answers to at the 2026 Inspenonline Retirement Summit holding tomorrow.

The summit, which is the third edition in the series, is scheduled to hold on Wednesday, May 20, 2026, at the Nigeria Employers’ Consultative Association (NECA) House, Plot A2, Hakeem Balogun Street, Alausa, Ikeja, Lagos, starting at 9:00am prompt.

According to the Promoter of the summit, who is also the Publisher of Inspenonline, Chuks Udo Okonta, the event addresses a critical gap in Nigeria’s financial ecosystem: the vulnerability of the informal sector.
With over 90 per cent of the workforce operating outside formal structures, Okonta noted that the summit serves as a strategic roadmap to ensure that every Nigerian, regardless of their employment status, can retire with dignity and financial security.

He said the summit aims to bridge the financial inclusion gap by exploring how the Personal Pension Plan (PPP) and various Life Insurance products can be tailored to the irregular income streams of informal workers to ensure they save towards a comfortable life in retirement.

Dignitaries already lined up to brainstorm at the event include the Chairman of STI Leasing Limited, Tom Ogboi, who will preside as the Chairman of the event.

The Commissioner for Insurance, Olusegun Omosehin, and the Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, are expected as the Special Guests of Honour.

The Keynote Address will be delivered by the Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, who will provide economic perspectives on integrating the informal sector into the national financial safety net.
Other prominent industry captains confirmed for the summit are: the Director-General, Nigerian Insurers Association (NIA), Mrs. Bola Odukale; Chief Executive Officer, Pension Fund Operators Association of Nigeria (PenOp), Anthonia Ifeanyi-Okoro; President, Nigerian Council of Registered Insurance Brokers (NCRIB), Mrs. Ekeoma Ezeibe; and the National President, Association of Registered Insurance Agents (ARIA), Mayowa Olatubosun.
A robust panel session has also been curated to dissect the practicalities of pension and insurance adoption for informal workers.

The paper discussants include: the National President, Association of Small Business Owners of Nigeria (ASBON), Dr. Femi Egbesola; Managing Director, Coronation Life Assurance Limited, Adebowale Adesona; Managing Director, Leadway Pensure Limited, Olusakin Labeodan; and the Chairperson, Nigeria Labour Congress (NLC), Lagos State Chapter, Comrade Funmi Sessi.

The post Inspen Retirement summit for informal sector workers holds Today appeared first on Business Today NG.

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