Business
Stanbic IBTC clinches CRe Momentum Award
Stanbic IBTC Insurance Limited has been named the overall winner of the CRe Momentum Award at the inaugural CRe Insurance Awards for Africa 2026, announced during the Continental Reinsurance (CRe) CEO Summit held in Kigali, Rwanda on April 17, 2026.
The company was recognised for its consistent commercial performance, disciplined execution, and a highly effective bancassurance model, which the judges described as among the most effective on the African continent, with a clear strategic focus on life insurance growth.
In the same category, Cornerstone Insurance (Nigeria) came second; while La Générale des Assurances (Benin) placed third.
In the Emerging Champions category, Agrails Ltd (Kenya) won, while Britam Connect (Kenya) came second.
Continental Reinsurance Plc also announced winners of the 11th Pan-African Re/Insurance Journalism Awards, with journalists across Africa recognised for excellence in reporting the insurance and reinsurance sector. 184 entries from Anglophone and Francophone countries were reviewed.
Uganda’s Isaac Khisa of The Independent Publications emerged Overall Winner. He also won the English Print Category for his article titled ‘Keeping it home: Africa’s reinsurers in quiet bid to reclaim market’’. In the same category, Nigeria’s Josephine Ogundeji of Punch Newspaper was named first runner-up, while Ojeme Sunday of New Telegraph finished as second runner-up.
The English Online Category saw Henry Uche of Daily Sun (Nigeria) emerge winner with his article, ‘Reinsurance: Nigeria’s capacity question and propensity for expansion’. Isaac Khisa (Uganda) secured another podium finish as first runner-up, while Zimbabwe’s Tendai Makaripe of 263 Chat was second runner-up.
In the English Broadcast Category, Blessing Ifechukwude of Voice of Nigeria won the top prize with her story ‘From Policy to Practice: Mandatory Health Insurance and Its Impact on Healthcare for Nigerians’. She was followed by Mercy Tyra Murengu of Media Max Network (Kenya) as first runner-up, and Samuel Nana Effah Obeng of GN Media (Ghana) as second runner-up.
In the English Social Media Category, Taurai Museka was named winner.
For the French (Broadcast/Print/Online) Category, Burkina Faso’s SEDGO Adama of Les Editions emerged winner, while KONKOBO Estelle of C’Finance (Burkina Faso) was first runner-up and BIRBA Fleur of Sidwaya (Burkina Faso) came second runner-up.
In the Arabic Category, Egypt’s Zahraa Mustafa Al-Saeed Abdul Amid (Egypt) of Amwal Al Ghad magazine won the top prize. Eslam Abdelhameed Abdelmutlib Farhat of Amwalalghad (Egypt) was first runner-up, while Elshazly Gomaa Ahmed Ali of Al-Mal Newspaper (Egypt) finished second.
Additionally, Josephine Ogundeji clinched the Dr Femi Oyetunji Future Talent Award, while Mercy Tyra Murengu received Special Recognition.
Congratulating the winners and all entrants, Group CEO of Continental Reinsurance Holdings, Lawrence Nazare noted, “The inclusion of 10 new participating countries reflects the growing reach and impact of the awards across the continent.”
Chief Judge, Michael Wilson commented: “The entries continue to improve with each edition, making the judging process increasingly challenging.”
Winners received certificates, trophies and cash prizes, with the overall winner earning $2,000, category winners receiving $1,500, first runners-up $1,000, and second runners-up $500.
The post Stanbic IBTC clinches CRe Momentum Award appeared first on Business Today NG.
BY NKECHI NAECHE-ESEZOBOR—Enterprise Life Assurance (Nigeria) Limited has announced the full remittance of its statutory deposit of N1 billion to the Central Bank of Nigeria (CBN), underscoring its robust financial health and compliance with regulatory mandates.
The Managing Director and Chief Executive Officer of the company, Nelson Akerele, disclosed this during a recent media briefing while addressing the firm’s capital positioning and compliance with the National Insurance Commission (NAICOM).
According to Akerele, Enterprise Life—which entered the Nigerian market approximately five years ago alongside peers like Heirs General and Heirs Life—has progressively built on its foundational capital structure to satisfy current regulatory thresholds.
“We started with ₦8 billion,” Akerele stated, recalling the company’s entry as one of the four entities licensed in that licensing wave. “What we have as a statutory deposit right now, as I speak, is ₦1 billion, which has been fully remitted to the designated account assigned to us.”
Beyond meeting the statutory deposit mandate, the Enterprise Life boss revealed that the company has fully satisfied its Minimum Capital Requirement (MCR).
He attributed this seamless compliance to a deliberate operational strategy that favors liquid assets over heavy fixed investments.
Unlike traditional players with massive capital tied up in real estate, Enterprise Life has maintained an agile, cash-ready balance sheet.
“We are not heavy in terms of buildings and all that; our assets are held in liquid form—in cash and cash equivalents,” Akerele emphasized. “We are an extremely liquid company.”
This cash-heavy asset strategy positions the insurer to promptly meet its obligations, match underwriting risks effectively, and settle policyholders’ claims without the delays often associated with liquidating physical property.
The announcement comes at a critical time when NAICOM continues to emphasize stricter solvency and liquidity management across the Nigerian insurance ecosystem to boost public confidence in the sector.
The post Enterprise Life Assurance Meets Full Regulatory Capital Requirements, Boosts Liquidity appeared first on Business Today NG.
The National Information Technology Development Agency (NITDA) has partnered with Meta to promote responsible digital citizenship and protect young Nigerians online.
The Director-General of NITDA, Kashifu Inuwa, disclosed the partnership at the Youth Safety Summit organised by Meta on Thursday.
At the summit, held in Abuja, Meta, in partnership with NITDA and the Federal Ministry of Youth Development, also launched the Youth Online Safety Campaign and My Digital World 2.0.
The stakeholders at the summit, including government officials, civil society organisations, educators, and industry leaders, deliberated on strategies to create a safer digital environment for young people.
Represented by Ahmed Tambuwal, acting director of NITDA’s Digital Literacy and Capacity Building Department, Mr Inuwa said the agency remained committed to ensuring that young people enjoy safe, positive, and age-appropriate online experiences.
He noted that NITDA’s ongoing nationwide digital literacy programmes would receive a significant boost through its collaboration with Meta, particularly in advancing online safety education among young Nigerians.
READ ALSO: NITDA enters pact with DAWN Commission to accelerate digital literacy in Southwest
According to him, the partnership seeks to integrate online safety education into the school system, equipping students with the knowledge, skills, and values required to use digital technologies safely, responsibly, and productively.
Stakeholders at the event emphasised the need for stronger collaboration among government agencies, technology companies, educators, and civil society groups to address emerging online risks and promote digital well-being among young people.
The initiatives are expected to enhance digital literacy, strengthen online safety awareness, and support efforts to create a more secure and inclusive digital ecosystem for Nigerian youths.
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