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NIHSA Issues Flood Alert For 17 States

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The Nigeria Hydrological Services Agency (NIHSA) has issued a seven-day flood advisory, warning of a medium flood risk in 17 states between July 21 and July 27.

The agency said the alert followed rising water levels at key river monitoring stations, increasing the likelihood of localised flooding along river channels and floodplains.

NIHSA Director-General, Umar Mohammed, disclosed this in the National Flood Advisory (Alert No. NFA-2026-200) issued on Tuesday.

He said the affected states are Adamawa, Bauchi, Benue, Borno, Edo, Gombe, Imo, Jigawa, Kaduna, Kano, Kebbi, Nasarawa, Niger, Plateau, Taraba, Yobe and Zamfara.

According to Mohammed, river levels at Saminara on the Karam River, Waya Dam Site on the Waya River and Amber on the Amber River had exceeded watch and warning thresholds.

He said 16 gauging stations nationwide were recording elevated river stages, placing nearby communities at risk of localised flooding.

Mohammed urged state governments, local authorities and residents of flood-prone communities to take precautionary measures immediately.

NIHSA said Bauchi had the highest exposure, with 1,841 communities, 145 schools, 101 health facilities and eight markets identified as vulnerable.

The agency also identified vulnerable communities and public facilities in Edo, Imo, Kaduna, Plateau and Benue states.

Mohammed urged the National Emergency Management Agency (NEMA), State Emergency Management Agencies (SEMAs), local governments and community leaders to activate emergency response plans.

He recommended relocating residents, livestock and valuables from floodplains to safer locations.

He also advised emergency agencies to pre-position food, medical supplies and water treatment materials in areas likely to be affected.

The NIHSA boss called for community mobilisation through early warning volunteers and local communication channels to ensure timely dissemination of flood alerts.

He cautioned residents against walking, driving or riding through flooded roads, bridges and fast-flowing waterways.

Mohammed further urged authorities to clear blocked drains, culverts and waterways to improve water flow and reduce flooding.

He advised the public and relevant agencies to monitor daily flood updates and advisories issued by NIHSA. (NAN)

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Business

Guinea Insurance Positions for Next Growth Phase Following NAICOM Recapitalisation Approval

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BY NKECHI NAECHE-ESEZOBOR—Emerging from National Insurance Commission, (NAICOM), sector-wide recapitalisation drive with a capital base exceeding ₦15 billion, Guinea Insurance Plc on Friday said its positioning itself for a major market transformation.

With NAICOM verification now completed, the non-life insurer plans to deploy its strengthened capital position toward underwriting larger corporate risks, expanding digital infrastructure, and competing more aggressively for market leadership within Nigeria’s financial ecosystem.

A statement released by the insurer noted that, recapitalisation is not the destination. It is the platform for growth.

The statement further said is now focused on converting its enhanced capital position into greater underwriting capacity, stronger customer propositions, improved service delivery, strategic partnerships and sustainable market growth.

Commenting on the development, the Managing Director/Chief Executive Officer, Mr. Ademola Abidogun, said:

“Recapitalisation has given Guinea Insurance the strength to think bigger, compete harder and pursue opportunities with greater confidence. We have strengthened our capital; now we are focused on strengthening our position in the market.”

“Nigeria is a market of enormous opportunities, and Guinea Insurance intends to be at the forefront of capturing those opportunities. Whether it is supporting major corporates, SMEs, institutions or individuals, we are ready to provide the capacity, expertise and confidence that businesses need to grow.”

The completion of the recapitalisation also reinforces Guinea Insurance’s ambition to become a more competitive, innovative and customer-focused insurer, with increased capacity to participate in larger risks, develop relevant insurance solutions and deepen its relationships across the insurance value chain.

The Company will build on this stronger foundation through disciplined underwriting, technology and innovation, operational excellence, robust risk management and a relentless focus on customer experience.

It will also pursue strategic opportunities that expand its market reach and create sustainable value for shareholders and other stakeholders.

According to the Company, the objective is clear: to turn capital strength into market strength.

Guinea Insurance expressed its appreciation to its shareholders, investors, policyholders, brokers, employees, business partners, regulators and other stakeholders whose confidence and support contributed to the successful completion of the recapitalisation exercise.

As Guinea Insurance enters its next phase, the Company is looking beyond compliance and capital adequacy. It is preparing to compete for bigger opportunities, serve more customers, support more businesses and deliver greater value across the Nigerian economy.

The post Guinea Insurance Positions for Next Growth Phase Following NAICOM Recapitalisation Approval appeared first on Business Today NG.

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Sovereign Trust, Guinea Insurance, 5 Others Join Verified List in Final Recapitalization Clearance

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BY NKECHI NAECHE-ESEZOBOR—Sovereign Trust Insurance Plc and Guinea Insurance Plc are among seven additional underwriting firms officially cleared and verified by the National Insurance Commission (NAICOM) as compliant with the Minimum Capital Requirements stipulated under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

This final batch of approvals formally completes the nation’s insurance recapitalization exercise, bringing the total roster of fully capitalized operators in Nigeria to 48 insurance companies and two reinsurance companies.

See details below:

List of Additional Insurance Companies that Complied with the MCR Prescribed by NIIRA 2025

The post Sovereign Trust, Guinea Insurance, 5 Others Join Verified List in Final Recapitalization Clearance appeared first on Business Today NG.

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