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Plateau Govt Reaffirms Commitment to Peace as NAF 551 Station Holds 2025 Socio-Cultural Activities

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The Plateau State Government has reaffirmed its commitment to sustaining peace and unity in the state as officers, airmen and airwomen of the Nigerian Air Force (NAF) 551 Station held their 2025 Base Socio-Cultural Activities on Saturday.

Governor Caleb Mutfwang, who was the Special Guest of Honour at the event, was represented by the Commissioner for Information and Communication, Rt. Hon. Joyce Lohya Ramnap, mni, who described the gathering as a celebration of cultural diversity, unity of purpose and shared national service.

She commended the Nigerian Air Force for its professionalism, resilience and consistent contributions to peacebuilding in Plateau State, assuring that the government remains appreciative and supportive of the efforts of security agencies.

“This gathering reaffirms not just our cultural diversity, but our unity of purpose. The Plateau State Government deeply appreciates the professionalism, resilience and sacrifices of the Nigerian Air Force in building a more peaceful Plateau,” she said.

According to her, the peace currently enjoyed in the state is the result of sustained collaboration among members of the State Security Council and other security operatives. She urged all stakeholders to continue upholding their collective responsibility of ensuring peace and stability across the state.

The commissioner also conveyed Governor Mutfwang’s warm regards to officers, airmen, airwomen and their families, noting that such events showcase Nigeria’s rich cultural heritage while strengthening national unity. She particularly acknowledged the role of spouses and families of NAF personnel, whose support, she said, enhances the effectiveness of officers in the line of duty.

As a show of encouragement, she announced a donation in support of National Youth Service Corps (NYSC) members serving under the Nigerian Air Force.

Earlier, the Commander, 551 NAF Station, Air Commodore F.O. Bassey, said the 2025 socio-cultural activities were aimed at strengthening unity, discipline and professional excellence among personnel.

He explained that beyond entertainment, the event serves as a platform to promote integrity, loyalty, respect and excellence, which are core values of the Nigerian Air Force.

“These activities reflect our unity in diversity and remind us that our strength lies in the people who serve, support and lead within this base,” Bassey said.

The Air Commodore paid tribute to serving personnel, veterans and retirees for their sacrifices and contributions to the growth and stability of the Air Force. He added that the theme of the 2025 activities, “Cultural Unity and Professional Excellence,” underscores the resolve to blend cultural heritage with military professionalism while promoting physical fitness, mental wellbeing and strong civil-military relations.

Former Plateau State Governor, Joshua Dariye, who was present at the event, commended the Nigerian Air Force for its role in maintaining peace and security in the state, describing its commitment as worthy of recognition.

Also speaking, the Liaison Director for Ministries, Departments and Agencies (MDAs) and Security Agencies at the Plateau State Abuja Liaison Directorate, Hon. Ziphion Chrysanthus, said the event was important for the emotional wellbeing of military personnel.

He noted that Plateau State has faced significant security challenges and emphasized the critical role of the Air Force in supporting other security agencies to curb insecurity. According to him, such gatherings help personnel relax, bond and recharge emotionally, thereby enhancing productivity and effectiveness.

Highlights of the event included colourful cultural displays by different ethnic groups, a tug-of-war competition, presentation of awards to outstanding airmen and women, the beating of the retreat, and the lighting of a bonfire, bringing the 2025 socio-cultural activities to a memorable close.

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Regency Alliance Insurance Plc, Regency Alliance, private placement, capital raise, recapitalisation, NAICOM, National Insurance Commission, Nigerian insurance industry, insurance recapitalisation, capital base, strategic investors, underwriting capacity, solvency margin, corporate governance, Nigeria Exchange Limited, NGX, Lagos, insurance sector, financial services, business expansion, product innovation, digital transformation

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Regency Alliance Insurance Signs Private Placement Agreement to Strengthen Capital Base

Regency Alliance Insurance Plc has signed a Private Placement Agreement as part of its recapitalisation programme aimed at strengthening its capital base and meeting the minimum paid-up share capital requirement set by the National Insurance Commission (NAICOM).

The company disclosed that the agreement, signed on July 10, 2026, marks a significant milestone in its multi-phase capital raising programme approved by its Board of Directors.

The signing ceremony, held at the company’s headquarters in Lagos, was attended by members of the Board, management team, issuing houses, legal advisers, stockbrokers and other stakeholders.

Under the arrangement, Regency Alliance plans to raise capital through a private placement of 7.37 billion ordinary shares targeted at strategic investors.

According to the company, the capital injection will strengthen its solvency margin, enhance underwriting capacity, support business expansion and finance investments in technology, product innovation and customer experience.

Regency Alliance noted that the transaction also reflects the confidence of strategic investors in the company’s corporate governance, financial outlook and long-term growth strategy.

The insurer said the additional capital would position it to pursue new business opportunities, improve operational resilience, deepen market penetration and deliver sustainable value to shareholders, policyholders and other stakeholders.

The Board added that it remains committed to completing the capital raising exercise in an orderly and transparent manner while maintaining high standards of corporate governance and regulatory compliance.

The post Regency Alliance Insurance Plc, Regency Alliance, private placement, capital raise, recapitalisation, NAICOM, National Insurance Commission, Nigerian insurance industry, insurance recapitalisation, capital base, strategic investors, underwriting capacity, solvency margin, corporate governance, Nigeria Exchange Limited, NGX, Lagos, insurance sector, financial services, business expansion, product innovation, digital transformation appeared first on Business Today NG.

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Already rich, already successful, why the last wave of tech winners is grinding again

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A pattern is emerging among people who’ve already made it big. They’re rolling up their sleeves again, seemingly out of fear of missing AI’s defining moment and, presumably, the irresistible allure of making even more money — potentially a lot more.

Tom Blomfield, who co-founded GoCardless and Monzo before spending 4.5 years mentoring founders as a Y Combinator Group Partner, announced on Monday that he is taking a leave of absence to join Anthropic’s compute team — not as an executive, but as a member of technical staff.

He’s not alone in making that kind of move. Instagram co-founder Mike Krieger joined Anthropic as Chief Product Officer in 2024, and Andrej Karpathy, a founding member of OpenAI who went on to lead AI at Tesla and start his own company, Eureka Labs, joined Anthropic’s pre-training team in May, framing the decision almost identically to Blomfield’s, writing that “the next few years at the frontier of LLMs will be especially formative.”

Not everyone is joining someone else’s lab. Chamath Palihapitiya, the “SPAC King” who has mostly stuck to boardrooms and all things “All In” since leaving Facebook in 2011, just took his first full-time operating role in over a decade as CEO of 8090 Labs, his enterprise AI coding startup, which he announced a couple of weeks ago along with a $135 million Series A led by Salesforce Ventures. Wrote Palihapitiya on X, “I am convinced that what we are building now is even more important, so there was no decision to make except to be all in.”

Similarly, Eric Wu, who ran Opendoor for a decade before stepping back in 2023, recently launched NavigateAI, an AI “copilot” for construction workers, with $25 million in seed funding. Wu told me directly on a recent call about his decision to dive into an AI startup, “I knew if I looked back in 10 years and didn’t do something related to it, I would probably regret that.”

The clearest sign of how keen people who’ve already “made it” are to work on what they view as the still-early-innings of AI might be the job title itself. “Member of technical staff” is the deliberately flat, non-hierarchical label that Anthropic and OpenAI use for nearly everyone on their technical teams, regardless of seniority. It’s the same title Blomfield is taking.

It’s also the title that Peter Bailis took this March, just months after becoming Workday’s CTO, a role overseeing AI strategy across an $8 billion-revenue business. Bailis lasted less than a year before trading it for a spot at Anthropic.

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