Broadcasting
Heirs Insurance, Heirs Life Record Significant Milestones One Year Since Public Launch
One year following their applauded entrance into the insurance sector, duo insurance companies, Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA) celebrated their first anniversary recording significant achievements.
Both companies officially opened their doors to the public in June 2021 in a ceremony graced by the Lagos State Governor, H.E. Babajide Sanwo-Olu and Mr. Sunday Thomas, commissioner for Insurance.
Since their launch, both companies have achieved the following milestones, among others:
- Procurement of a Bancassurance license and agreement with a tier-one bank
- A phenomenal feat of breaking even
- Fully digitalised websites enabling insurance purchase end-to-end in less than three minutes
- A fast-claims portal that simplifies and facilitates the claims process with a promise of attaining 24 hours claims payment
- Implementation of a core insurance platform and execution of an insurance awareness plan that simplifies the processes, procedures, and communication with clients
In addition, Heirs Life Assurance, the life insurance subsidiary of the Heirs Holdings Group, has fully digitalised its entire processes demonstrating its commitment to providing simple, quick, accessible, and reliable insurance services.
Key milestones include:
- Roll out of various products via a digitalised distribution network
- Registered as one of the few companies providing the pension-regulated Annuity to the Lagos State Government, as well as serving thousands of other retirees from the private and public sectors nationwide
- Extensive agency distribution network across the country
Niyi Onifade, MD/CEO, Heirs Life Assurance, promised that the team is not relenting in the pursuit of its promises.
“We promised that we would partner with our regulators to achieve the vision of democratising insurance, transforming lives and the sector. We are relentless in this pursuit, and we are pleased to share that many more milestones will be achieved this year with the flawless execution of a rapid expansion plan,” he said.
On its part, Heirs Insurance Limited cemented its place as one of the fastest growing general insurance companies in the country within the period under review.
Significant milestones include:
- Achievement of its revenue target, a testament to gaining the trust of publicly listed and private companies nationwide
- Development of gender-diverse insurance products to meet the needs of all customers
- Simplifying the claims process to enable customers file claims within five minutes
Commenting on the company’s aggressive footprint across the industry, MD/CEO, Heirs Insurance Limited, Dr. Adaobi Nwakuche said, “We surpassed our financial expectations bringing value to our customers and shareholders, proving that indeed the Nigerian insurance industry has a lot of untapped potential.
“We appreciate our clients for the trust placed in us, the dedication of our employees and the support of our Group, Heirs Holdings. We are excited about the next phase of our ambitious journey.”
Heirs Insurance and Heirs Life are both subsidiaries of Heirs Holdings, a pan-African investment company with a portfolio spanning 20 African countries and three continents.
Nigerian Institute of Public Relations (NIPR) has announced the postponement of its maiden annual Public Relations, Reputation, Ideas, Concepts and Excellence (PRICE) Awards and Prizes to January 25, 2026.
NIPR
The event, earlier scheduled for December 7, 2025, was deferred to accommodate stakeholders whose observance of Christmas festivities had commenced earlier than expected.
Chairman of the Organising Committee, Mr. Israel Opayemi, urged stakeholders to note the new date and prepare to participate in the ceremony.
He said the awards would motivate professionals, practitioners and scholars, while enhancing Nigeria’s global competitiveness in the public relations ecosystem and strengthening brand equity for all stakeholders.
Opayemi reaffirmed the Committee’s commitment to delivering a best-in-class award administration and ceremony, describing the PRICE Awards as a credible and enduring platform to identify, celebrate and elevate outstanding individuals, campaigns and organisations shaping the public relations landscape across sectors.
The development of the PRICE Awards peaked in September 2025 when the NIPR President and Chairman, Council, Dr. Ike Neliaku, inaugurated a 12-man committee to organise the maiden edition. The inauguration followed the Council’s adoption of the report of a technical team tasked with establishing the awards.
Netflix has announced a landmark agreement to acquire Warner Bros. and HBO Max in a transaction valued at $82.7 billion, a move analysts say will reshape the global entertainment industry.
Netflix
The deal, which includes Warner Bros.’ film and television studios, HBO, HBO Max, and Warner Bros. Games, was unanimously approved by the boards of both companies. Under the terms, Warner Bros. Discovery (WBD) shareholders will receive $23.25 in cash and $4.50 in Netflix shares for each WBD share.
Netflix co-CEO Ted Sarandos described the acquisition as “a defining moment” for the streaming giant, noting that the company intends to maintain Warner Bros.’ current operations while expanding its production capacity.
“By combining Warner Bros.’ incredible library of shows and movies with Netflix’s culture-defining titles, we can give audiences more of what they love and help define the next century of storytelling,” Sarandos said.
The transaction is expected to close within 12 to 18 months, following the planned spin-off of WBD’s TV networks division, Discovery Global, in 2026. Netflix projects annual cost savings of $2–3 billion by the third year after completion and expects the deal to be accretive to earnings per share by year two.
Industry groups, including the Directors Guild of America and Cinema United, have raised concerns about the impact on movie theaters, while regulators are expected to scrutinize the deal over antitrust issues. Netflix has pledged to continue supporting theatrical releases, with Warner Bros.’ cinema commitments running through 2029.
Warner Bros. Discovery CEO David Zaslav hailed the agreement, saying it “combines two of the greatest storytelling companies in the world to bring to even more people the entertainment they love.”
Observers note that the acquisition comes 15 years after former Time Warner chief Jeff Bewkes dismissed Netflix as “the Albanian army,” underscoring the dramatic shift in the entertainment landscape.
A major shake‑up rocks viewers and subscribers of DSTV/GOTV as many channels are set to shut down and be removed on January 1, 2026.
The trigger for the upcoming shut‑down is a breakdown in negotiations between the owners of multiple global channels and the pay‑TV operator.
As of December 2025, the deal between Warner Bros. Discovery (WBD) and DStv/GOtv has expired and the two parties have not reached a renewal agreement.
Without a new carriage/distribution agreement, the channels belonging to WBD risk being pulled off the DStv/GOtv line‑up.
This is the most significant content cutback the service has seen in years.
The affected channels are:
Discovery Channel
TLC
Cartoonito
Cartoon Network
CNN International
Food Network
The Travel Channel
TNT
Investigation Discovery
Real Time
HGTV
Discovery Family
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