Stacko Insurance names Nike Nihinola as acting MD


The Board of Stacko Insurance Plc has named Nike Nihinola as Acting Managing Director of the company following the demise of former Managing Director Wale Banamore.

Until this appointment, Nihinola was Executive Director, Technical and Operations at STACO Insurance PLC

The appointment has been approved by the National Insurance Commission (NAICOM).

Nihinola is an insurance professional with nearly thirty years of similar experience in the industry.

She is a Fellow of the Chartered Insurance Institute of Nigeria (FIIN), demonstrating phenomenal leadership abilities in multifaceted dimensions as administrator, strategist, motivator and mentor.

His professional experience includes dedicated service in various insurance companies such as Consolidated Hallmark Insurance, Great Nigeria Insurance etc. She is currently the Executive Director (Technical and Operations) of STACO Insurance PLC

Nike Nihinola holds a Bachelor of Arts (BA) degree from the prestigious University of Ibadan along with a Master's degree in Business Administration from Lagos State University.

She is a member of the MCPD Committee of CIIN from 2024 to date and served as the Chairperson of the Accident Office Committee of the Nigerian Association of Insurers (NIA) between 2014 and 2016.

She is the Vice President of the Professional Insurance Ladies Association (PILA).

Modestus anasaroni

Modestus Anasoroni is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pensions sectors in Nigeria and West Africa. He has held key editorial positions at leading national media outlets including The Comet, The Nation and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Limited. A widely traveled reporter, he has covered industry developments in more than 14 countries in Africa and Asia. Anaesoroni is a multi award-winning journalist, having been honored multiple times as Insurance Journalist of the Year and Pension Journalist of the Year by recognized industry bodies including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp).

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