Business
Life Arm Leads as emPLE Pays ₦7bn in Claims Across Key Sectors
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.
The post Life Arm Leads as emPLE Pays ₦7bn in Claims Across Key Sectors appeared first on Business Today NG.
BY SUNDAY SAMUEL—orenewed surge of xenophobic violence in South Africa, Senator Adams Oshiomhole has called on Nigeria’s Federal Government to take firm economic action in response.
He proposed strong countermeasures, including cancelling the operating licences of South African companies doing business in Nigeria.
Speaking during plenary, Oshiomhole argued that the country must move beyond sympathy and adopt a more forceful and strategic response.
Lawmakers in the House of Representatives also condemned the attacks and urged swift diplomatic efforts to protect Nigerians living abroad.
The senator framed the issue as both a security concern and an economic conflict requiring reciprocal action.
He specifically suggested that Nigeria should take over the local operations of MTN Group and revoke its licence.
Oshiomhole also recommended similar measures against MultiChoice, accusing both firms of moving large profits out of Nigeria.
He maintained that Nigerians in South Africa contribute positively to the economy and insisted that a strong response from Nigeria would discourage further hostility.
The post Adams Oshiomhole Calls for Revocation of South African Firms’ Licences in Nigeria appeared first on Business Today NG.
BY SUNDAY SAMUEL—The Nasarawa State Police Command has foiled a kidnapping plot and arrested three suspects in Karu Local Government Area, following a swift, intelligence-led operation.
According to the Command, the case began on April 31, 2026, when a complaint was lodged at the State Criminal Investigation Department (SCID) over a ₦5 million ransom threat issued by unidentified individuals, who allegedly planned to abduct an agribusiness woman and her children if the demand was not met.
Acting on the report, the Commissioner of Police, Shetima Jauro Mohamed, ordered an immediate and comprehensive investigation to avert the planned abduction.
The operation led to the arrest of two suspects—Prince Eze, 19, and Marwan Salihu, 18—both from Agada Village in Karu LGA. Further investigations resulted in the arrest of Hassan Mathew Yerima, identified as the individual coordinating ransom collection for the group.
Police said the suspects are currently in custody and assisting with ongoing investigations, while efforts are underway to track down other members of the syndicate.
The Command reiterated its commitment to protecting lives and property, urging residents to remain vigilant and report suspicious activities to security agencies.
The post Police Foil Kidnap Plot, Arrest Three in Nasarawa appeared first on Business Today NG.
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