General News
Role of Insurance Agents in Modern Business
Most people have their first contact with an insurance company through an insurance sales agent. These workers help individuals, families, and businesses select insurance policies that provide the best protection for their lives, health, and property.
Insurance sales agent commonly referred to as “producers” in the insurance industry; sell one or more types of insurance, such as property and casualty, life, health, disability, and long term care. Property and casualty insurance agents sell policies that protect individuals and businesses from financial loss resulting from automobile accidents, fire, theft, storms, and other events that can damage property. For businesses, property and casualty insurance can also cover injured workers’ compensation, product liability claims, or medical malpractice claims.
Life insurance agents specialize in selling policies that pay beneficiaries when a policyholder dies. Depending on the policyholder’s circumstances, a cash-value policy can be designed to provide retirement income. Health insurance agents sell health insurance policies that cover the costs of medical care and loss of income due to illness or injury. They also may sell dental insurance and short-term and long-term disability insurance policies. Agents may specialize in any one of these product areas, or function as generalists, who provide multiple products to a single customer.
An increasing number of insurance sales agents are offering comprehensive financial planning services to their clients. These services include retirement planning, estate planning and assistance in setting up pension plans for businesses. As a result, many insurance agents are involved in “cross-selling” or “total account development”. Besides, these agents may become licensed to sell mutual funds, variable annuities, and other securities. This practice is most common with life insurance agents who already sell annuities, but many property and casualty agents also sell financial products.
Insurance agents also prepare reports, maintain records, and seek out new clients. In the event that policy holders experience a loss, agents help them settle their insurance claims. Increasingly, some agents are also offering their clients financial analysis or advice or how to minimize risk.
Insurance sales agents working exclusively for one insurance company are referred to as captive agents. Independent insurance agents or brokers represent several companies and match insurance policies for their clients with the company that offers the best rate and coverage
General News
Fearless Freedom Launches to Tackle Inequality and Champion Global Economic Inclusion

Fearless Freedom, a bold new global advocacy initiative focused on ending economic inequality and expanding economic opportunity, officially launches today, 2nd August, 2025.
Backed by the founder of Fearless Fund, the first venture capital fund in the U.S. built by women of color for women of color, this new chapter builds on a legacy of breaking barriers and driving inclusive progress.
The launch of Fearless Freedom comes nearly one year after the dismissal of a federal lawsuit that challenged the organization’s efforts to empower underrepresented communities. The case, which drew national attention, was filed on August 2, 2023, and dismissed permanently on September 11, 2024.
Fearless Freedom is not just an advocacy; it is a global movement for visibility, justice, and financial equity. Through storytelling, policy conversations, and creative programming, Fearless Freedom is reclaiming space, spotlighting the real challenges, and championing the people building powerful solutions.
“Fearless Freedom is our global declaration, a refusal to be silenced, erased, or sidelined,“ said HM Queen Wa Arian Simone, CEO of Fearless Fund. “We’re not just funding change anymore, we’re amplifying the voices that have always driven it. This initiative is about power, presence, and rewriting the rules of who gets seen, supported, and heard.”
“August 2nd was once about legal resistance. From now on, it marks something else: a day of fearless expression and global visibility,” she added.
As a global advocacy initiative, Fearless Freedom will spark meaningful dialogue around economic inclusion, inviting communities to reflect, learn, and speak out against financial inequality, all through creative expression and powerful storytelling.
General News
Nigeria Sends Egusi, Others to Space @ NASA’s Crew-11 Mission Launch

National Space Research and Development Agency (NASRDA) said that Nigeria participated National Aeronautics and Space Administration (NASA’s) Crew-11 Mission, which launched yesterday from the Kennedy Space Center in Cape Canaveral, Florida, the United States.
According to NASRDA, the NASA’s Crew-11 Mission had on board six indigenous Nigerian crop seeds: melon (otherwise Egusi), okra, cowpea, guinea corn (sorghum), amaranth and maize.
NASRDA said that the seeds were chosen for their nutritional and agricultural significance.
NASA is an independent agency of the US federal government responsible for the United States’s civil space program, aeronautics research and space research.
The agency said, “The mission, which features the World Seeds Payload, is a pioneering international agricultural experiment led by Jaguar Space, with contributions from 11 countries, including Nigeria.
“The seeds will be studied aboard the International Space Station, ISS, under microgravity conditions to explore their behaviour, resilience, and potential in future space-based farming, critical research aimed at addressing climate resilience, global food security, and agricultural innovation beyond Earth.
“Representing Nigeria at the launch is Olayinka Fagbemiro, assistant director, nternational Cooperation, NASRDA, and Linkages and project lead on the initiative.
“She oversaw every stage of Nigeria’s participation, from seed selection to logistics and formal international engagement.
“This is our first biological payload aboard a crewed NASA mission to the ISS.
“It not only validates years of local research on plant life in simulated space environments but also underscores NASRDA’s growing role in global scientific collaboration. This mission exemplifies inclusive, culturally grounded space research, and highlights the leadership role that emerging space nations such as Nigeria can play in shaping humanity’s future beyond Earth.”
yond Earth.”
General News
AfDB Approves $46m to Transform Healthcare in Sokoto State

The Board of Directors of the African Development Bank Group (AfDB) has approved a $46 million loan to finance the Sokoto State Health Infrastructure Project, a transformative initiative designed to enhance healthcare access and quality in Nigeria’s Sokoto State.
The project addresses critical health system gaps in Sokoto, where key indicators reflect a critical need for intervention. Only one in 20 children is fully vaccinated, while infant mortality stands at 104 deaths per 1,000 live births, nearly double Nigeria’s national average of 63.
Less than 14 percent of health facilities in the state have functional infrastructure, and there is just one doctor for every 8,285 people — far below the World Health Organization’s recommended ratio of 1:1,000.
The Bank’s financing will support the delivery of climate-smart health infrastructure across three levels of care. These include the construction and equipping of a 1,000-bed teaching hospital complex; three zonal hospitals with a combined capacity of 450 beds; and six primary healthcare canters strategically located to serve rural communities.
The project also includes the rehabilitation of health training institutions and the development of a modern medical warehouse to strengthen pharmaceutical supply chains.
“This investment illustrates our commitment to continue working with the Government to fill critical infrastructure gaps in Nigeria’s health system while building resilient, climate-adapted healthcare facilities,” said Abdul Kamara, director general of the African Development Bank’s Nigeria Office. “By strengthening healthcare infrastructure in Sokoto State, we are building hope and creating pathways to better health outcomes for millions of Nigerians.”
Aligned with Nigeria’s National Development Plan (2021-2025) and the Health Sector Renewal Investment Initiative, the project is expected to generate approximately 2,500 jobs, with 60 percent of opportunities targeting youth and 30 percent women.
In addition, the project will integrate electronic health infrastructure and renewable energy systems, ensuring sustainable, energy-efficient operations while reducing greenhouse gas emissions. Expanded capacity in local the medical and nursing schools will create 700 new training slots annually, helping to address the region’s acute shortage of skilled health professionals.
The initiative builds on the Bank’s successful track record in Nigeria’s health sector, where it has financed four health infrastructure projects totaling $117.68 million. It will leverage strategic partnerships with the United Nations Children’s Fund, the World Health Organization, USAID, and other development actors to maximize impact and ensure comprehensive health system strengthening.
The African Development Bank Group remains committed to enhancing the quality of life for Africa’s people through targeted investments in resilient health infrastructure that drive inclusive growth and sustainable development across the continent.
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