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Royal Exchange appoints Geoffrey Ohen as non-executive director

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Royal Exchange Plc has appointed Geoffrey Ohen as its Non-Executive Director, effective 23 July.

The insurance company disclosed the appointment in a regulatory filing signed by Lovelyn Aniekwe, the company secretary, on Wednesday.

The Royal Exchange stated that Mr Ohen possessed the requisite skills and experience to make meaningful contributions to the board and support the company’s growth and development.

“The Company is confident that Dr. Geoffrey C. Ohen has the requisite skills and experience to make a meaningful contribution to the Company’s Board and to support the Company’s continued growth and success,” the company said.

The company explained that Mr Ohen had completed the necessary process before his appointment.

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Royal Exchange added that the appointed non-executive director is expected to support its strategic leadership and expansion initiatives.

Profile

Mr Ohen is the Managing Director and Chief Executive Officer of the Geoff Ohen Group and has held several board-level leadership positions.

According to Royal Exchange, he currently serves as Chairman of Consolidated Resources Ltd, Ekocorp Plc, Owa Oil & Gas Ltd, and Networth Group, comprising Networth Securities & Finance Ltd and Networth Portfolio & Asset Management Ltd.

He previously served as the Chairman of Piccadilly Insurance Ltd and New Patriot Building Society Ltd, as well as a director of Daily Times of Nigeria Plc.

READ ALSO: CREDICORP’S 10,000-vehicle national mobility rollout arrives in Ile-Ife

Royal Exchange described Mr Ohen as a widely travelled executive and philanthropist with strategic vision, business acumen, and strong operational expertise.

Mr Ohen is also an Honorary Life Member of the International Federation of Medical Students’ Association Board in Geneva, Switzerland.

Mr Ohen is an alumnus of the University of Benin Medical School and the Lagos Business School.

He is a Fellow Associate of General Practice (FAGP), Member of the Institute of Directors (IoD), and Member of the Board of Trustees of St. Saviour’s School, Ikoyi.


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Business

Leadway Assurance Calls for Stronger Climate Risk Solutions to Protect Africa’s Food Systems

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 Leadway Assurance Limited has advocated for stronger climate risk solutions to safeguard Africa’s food systems at the ninth edition of Agriculture Summit Africa (ASA)2026, convened by Sterling Bank.

The summit focused on improving food production, financing, processing , technology, trade, and policies to help Africa build stronger value chains, create jobs, strengthen intra-African trade, and become a stronger global food power.

These objectives align with Leadway’s commitment to strengthening the agricultural sector by providing risk protection for farmers, agribusinesses and investments across the agricultural value chain.

Speaking during a panel session titled “Climate Risk Management for Sustainability: Future-Proofing Africa’s FoodSystem,” Ayoola Fatona, Global Head, Agricultural Risk Solutions, Leadway Assurance, highlighted affordability and the trust deficit as two key barriers to insurance adoption among smallholder farmers. “At Leadway, we have sought to addressthese challenges by building partnerships with organisations thatshare our commitment to advancing the livelihoods ofsmallholder farmers and strengthening their resilience toclimate-related risks. Through these collaborations, we have been able to mobilise funding to pre-finance insurancepremiums, ensuring that farmers have the protection they need inplace from the outset of the planting season, when their risk exposure is at its highest.”

“In the 2025 wet season alone, our partnerships enaabled us to mobilise over US$1.2 million to provide insurance coverage formore than 400,000 farmers, and we are continuing to build onthat progress. Beyond affordability, we recognise that trust mustbe earned through action. That is why we remain committed to ensuring constant and rapid payouts, no matter how large,whenever insured events occur,” he added.

Considering the practical challenges of reaching farmers,particularly in communities affected by insecurity, Leadway is leveraging remote sensing and other technology-enabled solutions to assess farms virtually, understand their structure and farming practices, and maintain engagement with farmersdespite access constraints. Through its participation inAgriculture Summit Africa 2026, Leadway Assurance isreinforcing its commitment to advancing insurance solutions that protect agricultural investments, strengthen farmer resilience,and support the sustainable development of the agriculture sector.

The ninth edition of Agriculture Summit Africa 2026, themed“Building the Next Super Power: Africa’s Food Power Play,”held on 15–16 September 2026 at the Transcorp Hilton

Hotel, Abuja, brought together key stakeholders across Africa’s agricultural sector, including representatives from government, agribusiness, insurance, finance, technology, research, and farming, to strategies on moving the continent from food to food sovereignty

The post Leadway Assurance Calls for Stronger Climate Risk Solutions to Protect Africa’s Food Systems appeared first on Business Today NG.

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Air Peace blames fuel shortage, weather for Abuja-Maiduguri flight cancellation

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Air Peace has attributed the cancellation of its Abuja-Maiduguri flight on Saturday to aviation fuel shortage in Abuja and a subsequent restriction on operations at the Maiduguri airport.

The airline said the initial delays to its Abuja operations were caused by the unavailability of Jet A1 aviation fuel, which also affected other airlines operating from the airport.

It added that the situation improved after fuel became available and affected flights resumed, but its Abuja-Maiduguri service could not operate after the Maiduguri control tower withdrew an earlier extension for the flight to arrive beyond sunset.

Air Peace disclosed this in a statement following videos and reports of passengers expressing frustration over the disruption at Nnamdi Azikiwe International Airport in Abuja.

Why the flight was cancelled

According to the airline, the Maiduguri flight was initially expected to operate after the delay in Abuja operations had been resolved.

It said the control tower at the Maiduguri airport had initially granted an extension for the flight to arrive, but later, around the time passengers were being called for boarding, informed the airline that the airport had become subject to visual flight rules and would no longer operate beyond sunset.

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Visual flight rules, or VFR, generally require pilots to operate with specified visual conditions rather than relying on instrument flight procedures.

Air Peace said the change meant it could no longer operate the Abuja-Maiduguri service as planned.

The airline noted that it subsequently cancelled the flight and made arrangements to accommodate the affected passengers in a hotel.

It added that arrangements had been made to operate the flight the following day.

Passengers’ rights

The disruption comes amid increased scrutiny of flight delays and cancellations in Nigeria, as well as of how airlines handle passengers when services are disrupted.

PREMIUM TIMES reported that the Nigeria Civil Aviation Authority (NCAA) recorded 7,961 domestic flights in August, of which 4,765 were delayed, and 36 were cancelled.

Air Peace accounted for 1,330 of the delayed flights in the NCAA’s dataset, representing 71.4 per cent of the 1,864 flights recorded for the airline.

The airline, however, disputed the figures, saying it operated 2,564 flights during the month and that more than 700 flights were not captured in the NCAA data. It also said only 391 of its delayed flights were caused by factors within its operations.

The latest disruption also comes days after the NCAA directed Air Peace to prepare a compensation package for passengers affected by a delayed Lagos-Enugu flight.

The regulator said its preliminary investigation found that the airline had sent passengers the wrong notification about the rescheduled flight.

READ ALSO: Air Peace offers 25 per cent ticket discount to passengers over aborted Lagos-Enugu flight

Under the NCAA’s Part 19 regulations, airlines have obligations to passengers during delays and cancellations, including providing information and assistance within specified circumstances. For domestic flights, passengers are entitled to refreshments after a two-hour delay, while longer disruptions can trigger reimbursement, rerouting, accommodation, and, in qualifying circumstances, compensation.

The NCAA has also repeatedly stressed the importance of timely information and passenger care during disruptions.

Air Peace’s response

Air Peace said passengers affected by Saturday’s disruption were informed about the delays and provided with refreshments.

Following the cancellation, the airline said the affected passengers were provided with hotel accommodation and that arrangements were being made for the flight to operate the next day.

“We sincerely regret the inconvenience caused to our esteemed passengers and appreciate their patience and understanding,” the airline said.

It added that the safety and well-being of passengers remained its priority.


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