Business
NCRIB, LCCI Collaborate On Insurance Acceptance
The Nigerian Council of Registered Insurance Brokers (NCRIB) and the Lagos Chamber of Commerce and Industry (LCCI) have collaborated on insurance product adoption in the private sector.
President of the Chamber, Dr. Michael Olawale-Cole, gave the assurance when members of the Council’s delegation, led by the President, Rotimi Edu, paid a courtesy visit on LCCI in Lagos.
Olawale-Cole said the Chamber, one of the foremost and most formidable financial advocacy platforms, would help to propagate knowledge about the value of insurance to business and commerce.
He said the two organisations had a lot to do together under his administration as the President. He urged the organisations to join forces in this regard.
Edu said that the visit of the Council to LCCI was part of the Council’s strategic engagement with professional bodies to broaden its frontier and working relationship with the organised private sector.
Edu urged the Chamber to use its platform to educate its members on the importance of insurance, adding that the industry was yet to command the expected patronage and public acceptance.
It would be recalled that most Nigerians hardly take insurance policy serious, as some claimed their efforts before now, met with disappointment.
Also, majority of car owners in Nigeria who took third party insurance policy for their cars, do so to avoid traffic enforcement agents embarrasement on the roads.
This is responsible for not pursuing any indemnity in the case of accidents or theft and other effects of anti social crisis.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
-
News1 day agoHerders, Farmers Clashes: Monarch Tasks Tinubu, Govs On Reconciliation
-
Education24 hours agoKenpoly begins 2025/2026 academic session
-
Oil & Energy1 day ago68% Of Electricity Consumers Bypassing Prepaid Meters — NISO
-
News20 hours agoInstitute Holds Confab In PH, Honours 59 Eminent Nigerians
-
Maritime24 hours agoMaritime Ties: Nigeria, Denmark Pledge Deep Corporation
-
Niger Delta1 day agoVP, Others Praise Diri Over Leadership, Contribution To Education … As UNILAG Presents Book On Bayelsa Gov
-
Education24 hours agoNigeria to Train Electric Vehicle Technicians through NOUN-Auto Clinic Partnership
-
Oil & Energy1 day agoOndo, Investors Sign $50b Refinery, Free Trade Zone Agreement
