News

Plateau Governor Urges Citizens to Embrace Democratic Values on Democracy Day

Published

3 years ago

June 12, 2023

vicky

Plateau State, June 12, 2023 – The Executive Governor of Plateau State, Barr. Caleb Manasseh Mutfwang, has extended warm congratulations to the people of Plateau on the occasion of the 2023 Democracy Day celebration. In a goodwill message delivered to mark the day, Governor Mutfwang called on citizens to embrace the fundamental democratic values of tolerance, respect for human rights, and the rule of law.

Highlighting the significance of democracy, Governor Mutfwang described it as the best form of government that focuses on enhancing the well-being of citizens and entrusts the power of choosing leaders to the people. He emphasized that democracy goes beyond mere elections, emphasizing the importance of upholding the rule of law, respecting human rights, and involving citizens in the decision-making process.

Governor Mutfwang took the opportunity to reflect on the historical context of Democracy Day, which also commemorates the annulment of the June 12, 1993 elections. He acknowledged the 1993 elections as the most credible and freest in Nigeria’s history and expressed deep concern over their annulment. He urged citizens to protect democratic principles and uphold the will of the people.

Calling for unity and progress, Governor Mutfwang encouraged the people of Plateau State to work together in building a fair, just, and inclusive society where every citizen has a voice and a stake in shaping a brighter future. He called for gratitude to God for preserving their lives and emphasized the importance of living together in peace and harmony.

Addressing the pressing security challenges facing the state, Governor Mutfwang acknowledged the need for healing and divine intervention. He lamented the unprovoked attacks by invaders that have inflicted pain and hardship, threatening the heritage of the land. To address these security concerns, the governor announced the appointment of a Special Adviser on Security and Homeland Safety, who will leverage their skills and expertise to provide effective solutions.

Governor Mutfwang also stressed that democracy is not solely about holding elections or forming a government; it is about ensuring the voices of the people are heard and their needs, particularly regarding security, are met. The governor reaffirmed the commitment of the state government to promoting the welfare and security of all citizens and residents of Plateau State.

As Democracy Day is celebrated across the nation, Governor Mutfwang concluded by extending his warm wishes to everyone. It is a day to reflect on the journey so far, appreciate the gift of life, and renew the resolve to work together for the peace,

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News

Legends Return to the Pitch: IASC Above 45 Tournament 2026 Begins with Blockbuster Opening Fixtures

Published

6 hours ago

August 4, 2026

Preport

WhatsApp Image 2026 08 04 at 10.00.46 PM.jpeg

The stage is set for another memorable chapter in the history of the Island Allstars Sports Club (IASC) as the much-anticipated IASC Above 45 Tournament 2026 kicks off on Saturday, August 8, 2026, at the LBS Sports Arena, Lekki, promising an exciting display of football, sportsmanship and camaraderie among veteran players.

The annual tournament, one of the club’s flagship sporting events, celebrates the enduring passion, fitness and competitive spirit of football enthusiasts aged 45 years and above. It has become a unique platform where experience meets talent, bringing together distinguished members of the club to compete while strengthening the bonds of friendship that define the IASC family.

According to the fixtures released by the Sports Management Committee (SMC), the opening match will see Team A take on Team D at 8:30 a.m., while the second fixture will feature Team B against Team C at 10:30 a.m. Both matches will be played at the LBS Sports Arena, with the tournament concluding on August 15, 2026, when the champions will emerge.

Beyond the excitement on the pitch, the Above 45 Tournament continues to promote healthy living, active ageing and community engagement, proving that football remains a lifelong passion capable of inspiring generations.

This year’s competition is proudly supported by Sure B Homes, Dinice Royal Investment Limited, Network Times Nigeria Limited, and Cartel Beach House Del Viento, whose sponsorship underscores the growing corporate confidence in the vision of the Island Allstars Sports Club.

To ensure supporters across Nigeria and beyond do not miss the action, selected matches will be streamed live on Sports247 YouTube Channel and website: sports247.ng, allowing football lovers around the world to follow every tackle, goal and dramatic moment as it unfolds.

Speaking on behalf of the Sports Management Committee, the committee’s Secretary, Ugochukwu Chukwudalu, assured members and supporters of a professionally organised tournament that reflects the values of excellence, unity and fair play for which the club is known.

As anticipation reaches fever pitch, all roads lead to the LBS Sports Arena this Saturday for what promises to be an unforgettable football spectacle. For the players, it is another opportunity to chase glory. For the fans, it is a celebration of football at its finest—where legends return to the pitch and experience takes centre stage.

Business

Coronation Insurance, Coronation Life Meet NIIRA 2025 Minimum Capital Requirements Following Successful ₦9.2bn Capital Raise

Published

7 hours ago

August 4, 2026

Preport

Coronation Insurance Plc and Coronation Life Assurance Limited have successfully met the new minimum capital requirements stipulated under the Nigerian Insurance Industry Reform Act (NIIRA) 2025.

This marks the successful completion of the Nigerian insurance industry’s year-long recapitalisation exercise as announced by the National Insurance Commission (NAICOM).

A statement released today by both underwriters, that the milestone follows the successful conclusion of a ₦9.2 billion private placement by both companies, which attracted strong participation from existing and new investors. The offer, comprising 4.2 billion ordinary shares, was oversubscribed, demonstrating strong investor confidence in the companies’ long-term strategy, sound corporate governance, and growth prospects.

Meeting the new regulatory capital requirements reinforces the financial strength of both Coronation Insurance and Coronation Life Assurance, positioning the companies to accelerate innovation, expand access to insurance solutions, and create greater value for customers, shareholders, and other stakeholders.

The strengthened capital base will support strategic investments in product innovation, digital transformation, customer experience, and the expansion of the companies’ distribution footprint. It will also reinforce their bancassurance partnership with Access Bank, enabling both companies to extend insurance solutions to customers across one of Africa’s largest banking networks.

Reacting on the milestone, Olamide Olajolo, Managing Director/Chief Executive Officer of Coronation Insurance Plc, said: “Meeting the new capital requirements under NIIRA 2025 is a significant milestone for our business and reflects the confidence investors continue to place in our strategy and long-term vision. The successful completion of our private placement is a testament to the strength of our governance, our business model, and our commitment to building a stronger, more resilient insurance company that consistently delivers value to customers, shareholders, and the wider economy.

“With our strengthened capital position, we remain focused on expanding our product offerings, deepening our distribution capabilities, investing in digital innovation, and delivering exceptional service across every customer touchpoint. We are well positioned to respond to emerging opportunities within Nigeria’s evolving insurance market while driving sustainable growth and operational excellence.”

Also Adebowale Adesona, Managing Director/Chief Executive Officer of Coronation Life Assurance Limited, “said: The successful completion of this recapitalisation represents much more than regulatory compliance; it is a strong affirmation of our commitment to building a future-ready life insurance business that inspires confidence and delivers lasting financial security for our customers.

“This stronger capital base enables us to deepen our investment in innovative life insurance and wealth creation solutions, enhance our digital capabilities, strengthen our customer experience, and expand access to insurance through strategic partnerships. As Nigeria’s insurance industry enters a new era, Coronation Life Assurance is well positioned to help more individuals, families, and businesses protect what matters most while creating sustainable long-term value for all our stakeholders.”

Both firms continue to strengthen their market position through customer-focused solutions spanning general insurance, life insurance, risk protection, savings, retirement planning, and wealth creation for individuals, businesses, and institutions.

The successful recapitalisation underscores growing investor confidence in the long-term prospects of Nigeria’s insurance industry while reaffirming Coronation’s commitment to building resilient financial institutions that create sustainable value.

With enhanced financial capacity, strong corporate governance, and a clear strategic growth agenda, Coronation Insurance and Coronation Life Assurance are well positioned to accelerate innovation, broaden market access, deepen customer relationships, and contribute meaningfully to the continued development of Nigeria’s insurance sector under the new regulatory framework.

The post Coronation Insurance, Coronation Life Meet NIIRA 2025 Minimum Capital Requirements Following Successful ₦9.2bn Capital Raise appeared first on Business Today NG.