BUSINESS
Tony Elumelu Launches New Business portfolio, Secures FG Licenses For Insurance Firms
African economist, entrepreneur, and philanthropist, Tony Elumelu, has delved into the insurance industry, securing a Nigerian Federal Government licenses to launch his new business portfolio.
BIGPENNGR.COM reports, Elumulu who is the chairman of Heirs Holdings, the United Bank for Africa, and Transcorp, has launched a new business portfolio.
Elumelu announced the new feat on Friday on his verified Twitter handle.
“Today, I am proud to announce that the Nigerian Federal Government, through the insurance regulator, the @NaicomNG, has officially issued the operating licences for our new Group insurance companies – @HeirsInsurance_ (HIL) & @HeirsLife_ (HLA)”, he wrote.
The development, according to him, represents a further important milestone in a long-term strategic journey in providing much needed, quality, and valuable financial services, to a broad demographic in Nigeria and Africa.
#Insurance, according to him, “should not be a luxury, and just as we have democratised other sectors, we will democratise insurance – applying our tried and tested business philosophies and execution ability.
“Fuelled by the determination to improve lives and leave a legacy in the African private sector, we have embarked on this journey to revolutionise the insurance space – deploying technology, customer understanding and operational excellence”, he further wrote.
Elumelu hails from Onicha-Ukwu in Aniocha North Local Government Area of Delta State.
COMMUNITY REPORT5 hours ago
Succour as NGO, Green Circuit Conducts Outreach, Donates Food Supplies to Durumi IDP Camp
FEATURED13 hours ago
ICPC Confirms Receipt of Corruption Petition By Aliko Dangote Against NMDPRA CEO, Farouk Ahmed
FEATURED14 hours ago
Gov. Oborevwori Signs Delta’s N1.729 Trillion 2026 Budget Into Law
FEATURED14 hours ago
Gov. Oborevwori Appoints Two New Permanent Secretaries
BUSINESS19 hours ago
Awele Elumelu, Richest Woman on the Nigerian Stock Exchange Appointed as Transcorp Hotels’ Board Chair
NEWS21 hours ago
Delta Council Boss Congratulates Isoko South Team for Winning ‘UNR’ Trophy
ENTERTAINMENT2 days ago
How Actress Tonto Dikeh Overcame Smoking, Alcohol, and Masturbation Addiction
FEATURED2 days ago
Demonstrators Protest Against 3 Delta Reps, 9 Assembly Members, Rally Support of Zoning of Anioma State in South East
NEWS3 days ago
Sen. Nwoko Mourns as Deputy Gov, Other Dignitaries Bid Late Opia Farewell
FEATURED3 days ago
Tompolo Hails Wike on Birthday Anniversary, Says “Mr. Project” Reputation was Well-earned
FEATURED3 days ago
EFCC Boss to Lecture 2025/2026 UniLAG Students on Anti-Corruption Career Path via Zoom on Monday
FEATURED3 days ago
EFCC Boss, Olukoyede Emerges Nation Newspaper’s Public Servant of the Year
FEATURED3 days ago
Ewhrudjakpo: Oborevwori Condoles Diri, Family, Says Passing is a Painful Reminder of the Fragility of Life
FEATURED3 days ago
2027: INEC Fixes Monday to Begin Display of Preliminary Voter Register in Delta’s LGAs
BUSINESS3 days ago