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Mutual Benefits Highlights Power of Structured Financial Planning as Nigerians Struggle to Save

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A growing number of Nigerians are struggling to build sustainable savings habits, leaving many without a financial safety net in times of need. Insights from the PiggyVest Savings Report 2025 reveal a concerning trend of declining savings culture among Nigerians.

A significant segment of the population either does not prioritise saving or lacks the discipline to maintain consistent savings, with many unable to cater for emergencies or achieve meaningful financial satisfaction.

Released in March 2026, the report which sampled over 20,000 respondents in rural and urban areas across all six geopolitical regions in Nigeria, highlights key gaps in financial behaviour.

Highlighted issues revolve particularly around emergency preparedness and long-term financial planning, underscoring the urgent need for more structured and accessible savings solutions.

With rising living costs and economic pressures, many Nigerians are increasingly focused on meeting immediate needs, often at the expense of saving for the future. As a result, emergency funds remain inadequate or non-existent for a large proportion of households.

This reality has far-reaching implications, not only for individual financial stability but also for broader economic resilience. Without a financial buffer, unexpected events such as medical emergencies, job loss or business disruptions can quickly escalate into crises.

Financial experts note that the challenge is not just about earning more income, but about adopting disciplined and structured approaches to saving.

Unlike informal or ad-hoc savings methods, structured financial products combine consistency, growth and protection, ensuring that individuals are better equipped to navigate uncertainties.

This is where solutions like Mutual Benefits Assurance’s savings and investment offerings play a critical role.

A leading player in Nigeria’s insurance industry, Mutual Benefits’ savings and investment products are designed to help individuals and families build financial discipline while enjoying the added advantage of protection.

Products such as the Individual Savings and Protection Plan (ISPP), Children Education Plan (CEP) and Mutual Investment Plan (MIP) help customers build disciplined savings, earn competitive returns through compounded interest and benefit from life insurance coverage, providing an added layer of security.  Similarly, the Personal Pension and Investment Plan (PPIP) provides financial support in the event of job loss, whether voluntary or involuntary, while also serving as a valuable tool to supplement retirement income. In the event of death, designated beneficiaries receive the entitled benefits.

By combining savings with protection, these solutions address two critical gaps identified in the report: lack of emergency funds and low financial confidence.

Structured savings plans not only encourage financial discipline but also provide reassurance that funds will be available when needed. In contrast to informal savings methods, they offer a more reliable pathway to achieving both short-term and long-term financial goals.

For many Nigerians, this represents a much-needed shift from reactive financial habits to proactive financial planning.

As Nigeria continues to navigate economic uncertainty, the importance of financial preparedness cannot be overstated. Encouraging a culture of saving supported by structured, accessible financial products will be key to improving financial well-being across the population.

Mutual Benefits remains committed to empowering Nigerians with solutions that promote financial security, resilience and peace of mind. By making savings simpler, more rewarding and more secure, the company continues to support individuals and businesses in building a more stable financial future.

 

APC Chairman: Party is Nigeria’s Only Tested Vehicle for Stability, Progress, National Renewal

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The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, has declared that the APC remains the only truly national, deeply structured, ideologically resilient and electorally durable political platform capable of delivering on the present aspirations and future expectations of Nigerians.

Professor Yilwatda made this known in Abuja while speaking on key issues affecting the social, political and economic management of the country, insisting that in a period of national transition and democratic consolidation, Nigeria cannot afford to gamble its future on confusion, instability, or politically disoriented alternatives.

According to a statement, signed by Mr Abimbola Tooki, his special adviser, media and communications syatyegy, the National Chairman said the APC has over time demonstrated the institutional maturity, national spread, political discipline, and administrative capacity required to manage the complex demands of a nation as large, diverse and strategically important as Nigeria.

He said the party is not merely preparing for the next election cycle, but is actively working to deepen governance, strengthen democratic culture, improve public trust, and build a stronger foundation for national development.

“The All Progressives Congress is not an ad hoc coalition held together by convenience. It is a tested and enduring political machine, built on structure, spread, experience and the capacity to respond to the real needs of Nigerians. We are the only party with the institutional strength and national reach to carry the weight of both the present and the future of this country,” the National Chairman stated.

Professor Yilwatda maintained that while governance naturally comes with pressures, contestations and difficult decisions, the APC remains committed to supporting policies and reforms that will place Nigeria on the path of long-term stability, productivity and prosperity.

He noted that the task before the current administration is not a cosmetic one, but a serious nation-building responsibility that requires courage, patience, sacrifice and political steadiness. He added that the APC, as the governing party, fully understands the weight of this historic obligation and will continue to provide the political backbone required to sustain reforms and deliver democratic dividends to Nigerians.

Commenting on the internal crises currently ravaging some opposition parties, Professor Yilwatda said the situation is a clear and disturbing reflection of their lack of preparedness for national leadership.

He noted that any political platform that cannot manage its own internal affairs, reconcile competing tendencies, enforce discipline, or build consensus within its ranks, cannot be trusted with the delicate task of governing a complex federation like Nigeria.

According to him, the persistent implosions, factional wars, legal battles, ego clashes and ideological emptiness that define many opposition parties today are not just political setbacks, but warning signs of deeper structural weakness and managerial incompetence.

He stressed that it would be dangerous and politically irresponsible for Nigerians to hand over the future of the country to political actors who have repeatedly shown that they cannot maintain order within their own house.

“A party that cannot govern itself cannot govern Nigeria. If a political platform is constantly trapped in self-inflicted crisis, consumed by internal sabotage, and weakened by poor management, it simply has no business asking Nigerians for the mandate to lead this country,” he said.

The APC National Chairman said Nigerians must be discerning enough to separate noise from capacity, propaganda from preparation, and opportunism from genuine leadership.

He added that while the APC continues to evolve, reform and strengthen its internal processes, many opposition parties remain trapped in a cycle of instability that makes them unfit for serious democratic competition.

Yilwatda further stated that a repositioned and confident APC is not afraid of political competition and does not seek victory through the technical disqualification of opponents.

He said the APC believes in democratic contest, popular legitimacy, and the power of persuasion, adding that the party derives greater strength and credibility when it wins elections through the trust and support of the Nigerian people.

According to him, while political parties must comply with the law and electoral regulations, the APC’s preference is always to defeat its opponents at the ballot box and not in backroom arrangements, procedural traps or legal technicalities.

 

He emphasised that true democratic legitimacy comes from earned victory, not engineered outcomes, and that history is kinder to leaders and parties whose mandates are clearly validated by the people.

“Victory is sweeter when it is earned. It is more legitimate when it is freely given by the people. As a party, we believe that the strongest mandate is one secured through persuasion, performance, organisation and political engagement,” he said.

The National Chairman added that the APC’s growing confidence across the country is rooted in its expanding structures, broad-based acceptance, renewed internal discipline and its capacity to speak to both local and national concerns.

He said the party is increasingly focused on rebuilding trust at the grassroots, improving message co-ordination, rewarding loyalty, and ensuring that every electoral contest is approached with seriousness, strategy and measurable objectives.

Speaking on the current security situation in the country, Professor Yilwatda described the Federal Government’s fresh phase in the mass trial of over 500 terrorism-related suspects as a major demonstration of state seriousness, institutional resolve and respect for the rule of law.

He said the development marks an important shift in the national security architecture, from merely announcing arrests to ensuring judicial accountability and lawful consequences for acts of terror and violent criminality.

According to him, this is not just a security story; it is also a governance story, a rule-of-law story, and a public trust story.

He explained that for citizens to have confidence in the state, they must see that criminal acts are not only confronted militarily, but also prosecuted credibly and transparently within the framework of the law.

“What we are seeing is movement beyond arrests toward institutional accountability. That matters greatly. It shows that the Tinubu administration is not only fighting insecurity on the battlefield, but also in the courtroom, in the intelligence space, and within the wider framework of state institutions,” he stated.

Yilwatda said the development reinforces the idea that the administration of President Bola Ahmed Tinubu is pursuing a more comprehensive anti-insecurity strategy, one that combines military operations, intelligence co-ordination, legal enforcement, judicial process, and broader institutional strengthening.

He noted that sustainable security cannot be built on force alone, but must rest on justice, deterrence, lawful prosecution, and visible consequences for those who threaten the peace and sovereignty of the country.

The APC National Chairman therefore described the ongoing legal process as evidence of serious state action against terrorism, and called on Nigerians to continue supporting lawful efforts aimed at restoring peace, public confidence and national stability.

Turning to party affairs in Osun State, Professor Yilwatda commended the APC chapter for what he described as its visible readiness, growing organisational capacity and renewed seriousness ahead of future political engagements.

He said the signs from Osun are encouraging, but quickly warned that electoral success would require more than enthusiasm, ceremonial mobilization or symbolic activity.

The National Chairman insisted that the Osun political operation must be built around discipline, structure, message clarity, conflict management, and grassroots precision.

He stressed the need for a single command structure within the campaign architecture, with clearly defined roles, measurable responsibilities and practical deliverables for every member of the campaign team.

According to him, confusion in authority lines, duplication of functions, ego-driven interference and competing centers of influence have historically weakened political operations and must not be allowed to undermine the APC’s efforts in Osun.

“Every successful political operation requires one clear command structure. There must be no ambiguity in authority, no overlap in responsibilities, and no room for avoidable internal disruption. Every member of the campaign team must know their assignment, their target, and their expected outcome,” he said.

Yilwatda also called for the establishment of a robust conflict resolution mechanism within the Osun campaign structure to proactively address grievances, misunderstandings and post-appointment tensions before they degenerate into factional bitterness or sabotage.

He warned that unmanaged resentment within campaign structures often does more damage than opposition attacks, stressing that political wounds ignored today can become electoral liabilities tomorrow.

The APC National Chairman therefore directed that the Osun campaign must not be reduced to a ceremonial political exercise, but should instead be designed as a data-driven, ward-based and message-coordinated operation.

He said the campaign must be rooted in local realities, informed by voter behavior, tailored to community concerns, and executed with measurable precision across all wards and constituencies.

 

According to him, the era of generic slogans and uncoordinated mobilization is over. What is required now is a modern political operation that understands the mood of the electorate, tracks persuasion patterns, co-ordinates messaging from the center to the grassroots, and ensures that every local structure is active and accountable.

He further emphasised that the political significance of Osun extends beyond its immediate electoral boundaries. He described the state as a strategic psychological battleground for the APC’s continued strength in the South-West, and a crucial rehearsal ground for 2027.

The APC Chairman noted that the outcome of political organisation in Osun will carry symbolic, strategic and momentum-building consequences not just for the state, but for the wider political direction of the APC in the region and nationally.

“Osun is not just another state election. It is a test of strength, a battle of perception, a measure of organisational discipline, and an important rehearsal ground for 2027. We must approach it with the seriousness it deserves,” he said.

The National Chairman charged party leaders, stakeholders, mobilisers, youth groups, women’s wings, elected officials and grassroots co-ordinators in Osun to close ranks and work with a single purpose.

He urged all party faithful to place collective victory above personal ambition, emphasising that the APC’s success will depend not only on strategy and structure, but also on unity, sacrifice, discipline and loyalty to the bigger cause.

Yilwatda reaffirmed the APC’s commitment to building a stronger party and a stronger nation, stating that the party will continue to support policies and political actions that promote security, democratic legitimacy, economic recovery, institutional stability and national progress.

He said the APC remains focused, prepared and determined to continue serving as the most viable political platform for responsible governance and national renewal.

“Nigeria needs steadiness, structure, courage and capacity. The APC represents that responsibility. We are not perfect, but we are prepared, we are tested, and we are committed to doing the hard work required to move this country forward,” he said.

 

 

RHUCE Taps into Africa’s $3b Creator Economy with New Monetisation Platform 

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RHUCE, a new social platform designed for African creatives, has officially launched today, introducing a new model for how creators across the continent can turn their skills, learning, and content into income.

As Africa’s creator economy, estimated at over $3 billion, continues to grow, millions of young people are building digital skills but struggle to convert them into sustainable opportunities.

RHUCE aims to bridge this gap by combining professional identity, creator monetisation and opportunity discovery in a single ecosystem.

“Across Africa, talent is everywhere, but opportunity is fragmented,” said Simeon Ifeoluwa Adeyanju, CEO of RHUCE Limited. “Creators are learning, building and sharing their work, but they lack a structured way to turn that into visibility, credibility and income.”

Unlike traditional platforms that prioritise virality or finished work, RHUCE enables users to document their growth in real time, transforming their learning journey into a living portfolio.

“We believe your journey is your greatest asset,” Adeyanju said. “On RHUCE, your growth becomes your portfolio, your consistency builds your credibility, and opportunities can discover you based on what you’re becoming, not just what you’ve done.”

The platform introduces a shift from application-based hiring to discovery-driven opportunities, where creators are matched with jobs, gigs and collaborations based on their evolving skills and documented progress.

“Instead of chasing opportunities across WhatsApp groups, DMs, and multiple platforms, we’ve built a system where you can post once and be discovered continuously,” he added.

RHUCE also provides monetisation tools that allow creators to earn through digital products, paid learning content, and brand-sponsored campaigns, unlocking new income streams within Africa’s fast-growing digital economy.

With over 60% of Africa’s population under 25, the platform positions itself as infrastructure for the continent’s next generation of talent.

“RHUCE is not just a platform for finished professionals,” Adeyanju said. “It is for people becoming something. Our goal is simple: help Africans turn learning into opportunity and opportunity into income.”

FG Tasks PenCom on N28tn Pension Assets at Board Inauguration

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The Federal Government has inaugurated the Governing Board of the National Pension Commission (PenCom), charging members to uphold the highest standards of corporate governance and safeguard over ₦28 trillion in pension assets under the Contributory Pension Scheme (CPS).

Speaking at the inauguration ceremony in Abuja, the Secretary to the Government of the Federation (SGF), Senator George Akume, said that PenCom remains a critical pillar of Nigeria’s financial sector, entrusted with the retirement savings of millions of Nigerians. He said the event demonstrates government’s commitment to a pension system that is transparent, resilient, and trusted.

The SGF described the Board’s role as one of “national importance,” as members are expected to provide strategic direction, policy guidance, and effective oversight in line with the Pension Reform Act 2014 (PRA) and other relevant frameworks.

He drew a firm line between governance and administration. He told the members that while the Board is responsible for oversight, Management must be allowed to handle day-to-day operations. According to him, any interference in operational matters would weaken accountability and undermine institutional effectiveness.

On the scale of responsibility before the new Board, the SGF said that the pension industry has grown significantly, with assets now exceeding ₦28 trillion and millions of contributors depending on the CPS for financial security in retirement.

He therefore called for zero tolerance for misconduct, urging the Board to prioritise strong internal controls, robust risk management, and transparency in decision-making.

“The actions of the Board must reinforce public confidence in the pension system and assure contributors that their savings are safe, secure, and well managed,” he said.

Reaffirming government’s commitment to the sector, the SGF said that the administration of President Bola Ahmed Tinubu remains resolute in meeting pension obligations. He noted that steps have been taken to address outstanding liabilities and restore confidence, with a focus on ensuring that retirees receive their benefits with dignity, certainty, and timeliness.

The SGF concluded by formally inaugurating the Board, expressing confidence that members would deliver exemplary leadership, disciplined governance, and sustained commitment to the Nigerian people.

Speaking on behalf of members, the Chairman of the PenCom Board, Agbaje Opeyemi Olukayode, expressed appreciation to Bola Ahmed Tinubu for finding the Board members worthy of the national assignment.

Olukayode said the new Board members are fully committed to upholding the ideals articulated by the SGF, particularly in the areas of corporate governance, integrity, strong leadership, and a clear distinction between governance and oversight.

The Chairman pledged the Board’s determination to advance the administration’s agenda by leveraging pension funds as a catalyst for national development, mainly in infrastructure, housing, and other critical sectors of the economy.

Also speaking, the Director-General of PenCom, Ms. Omolola Oloworaran, expressed appreciation to the SGF for inaugurating the Board and for providing oversight during the period the Commission operated without one. She noted that, prior to the inauguration, the SGF had offered strategic leadership with clarity and purpose, contributing to key achievements recorded since her assumption of office.

The Director-General emphasised her commitment to working collaboratively with the Board, anchored on a shared responsibility to serve the interests of Nigerians. She stressed that every decision of PenCom Board must ultimately deliver tangible benefits to contributors and retirees.

The DG further said the inauguration is timely and significant, as it strengthens governance within PenCom by restoring the Board’s oversight function. She said she looked forward to a productive and collaborative working relationship with the Board.

She reaffirmed that both Management and the Board would continue to deliver on PenCom’s mandate and expressed confidence in a strong partnership with all Board members in advancing the objectives of the pension industry.

Inspenonline Retirement Summit 2026: Experts to Brainstorm on Turning Dreams into Reality for Workers

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How to turn dreams into reality through insurance; pension and other financial instruments is a question experts will be providing answers to at the 2026 Inspenonline Retirement Summit.

The 2026 edition, themed “Meeting Retirement Dreams of Informal Sector Workers with Insurance and Pension Instruments,” is scheduled to hold on Wednesday, May 20, 2026, at the NECA House, Alausa, Ikeja, Lagos, starting at 9:00am prompt.

The summit which is the third edition aims to address a critical vulnerability in the Nigerian economy, where over 90 per cent of the workforce operates within the informal sector without structured retirement plans.

By focusing on the Personal Pension Plan (PPP) and tailored Life Insurance products, the event seeks to provide a roadmap for transitioning artisans, traders, and farmers from “daily survival” to a life of “structured retirement.”

Speaking on the significance of the upcoming event, the Publisher of Inspenonline Chuks Udo Okonta, emphasized that the summit is a call to action for industry regulators and operators to design products that accommodate the irregular income streams typical of the informal workforce.

“Our primary goal is to ensure that every Nigerian, regardless of their employment status, can retire with dignity and financial security,” Okonta stated. “We are providing a platform where the financial ecosystem can align with the realities of the informal sector, moving them away from the risks of old-age poverty toward a more secure and predictable future.”

The event will feature a high-level gathering of regulatory heads, industry captains, and economic experts. The Chairman of STI Leasing Limited, Tom Ogboi, will preside over the occasion as the Chairman of the event, while the Commissioner for Insurance, Olusegun Omosehin and Director General, National Pension Commission Ms. Omolola Oloworaran are expected to attend as the Special Guests of Honour.

The Keynote Address will be delivered by Dr. Muda Yusuf, Chief Executive Officer Centre for the Promotion of Private Enterprise (CPPE), who will provide economic perspectives on integrating the informal sector into the national financial safety net.

Other prominent dignitaries confirmed for the summit include:

  • Yetunde Ilori, President, Chartered Insurance Institute of Nigeria (CIIN).
  • Anthonia Ifeanyi-Okoro, CEO, Pension Fund Operators Association of Nigeria (PenOp).
  • Ekeoma Ezeibe, President, Nigerian Council of Registered Insurance Brokers (NCRIB).
  • Mayowa Olatubosun, National President, Association of Registered Insurance Agents of Nigeria (ARIAN).
  • A robust panel session has been curated to dissect the practicalities of pension and insurance adoption. The discussants include:
  • Femi Egbesola, National President, Association of Small Business Owners of Nigeria (ASBON).
  • Adebowale Adesona, Managing Director, Coronation Life Assurance Limited.
  • Olusakin Labeodan, Managing Director, Leadway Pensure Limited.
  • Comrade Funmi Sessi, Chairperson, Nigeria Labour Congress (NLC), Lagos State Chapter.

The 2026 Inspenonline Retirement Summit stands as a pivotal intervention in Nigeria’s financial landscape, seeking to turn the retirement dreams of millions of informal workers into a sustainable reality.

NCDMB to Feature Ex-NIMASA DG, Dakuku Peterside, in Book Reading Session

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The Nigerian Content Development and Monitoring Board (NCDMB) has concluded plans to host the fourth edition of its Quarterly Book Reading Programme, featuring renowned leadership expert and former Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside.

The book reading session will hold on Wednesday, April 15, 2026 at the Nigerian Content Tower, Yenagoa, Bayelsa State.

The programme is part of NCDMB’s sustained effort to promote literacy, critical thinking, and knowledge exchange through structured engagement with leading Nigerian authors and thought leaders.

Since its start in August 2014, the book reading series has served as a platform for intellectual discourse on thematic subjects, while reinforcing NCDMB’s commitment to human capital development beyond the oil and gas sector.

This edition will focus on Peterside’s book “Leading in a Storm”, which explores practical approaches to leadership in times of uncertainty, crisis, and institutional change.

Participants will engage with the author through a reading session, an interactive question-and-answer segment, and a book signing, providing a direct interface between the author and a diverse audience of professionals, industry stakeholders, and emerging leaders.

Peterside is recognised for his work in crisis leadership, public sector reform, and organisational transformation. With over 24 years of leadership experience across both public and private sectors, he has led complex institutions and driven reforms aimed at improving performance and accountability.

His contributions to leadership development have earned recognition from global scholars and practitioners, with Leading in a Storm described as a practical guide for navigating complex leadership challenges.

The book was also named Book of the Year 2025 by THISDAY Newspaper, further cementing its relevance in contemporary leadership discourse.

Beyond his professional engagements, Peterside serves as an adjunct lecturer at leading business schools, where he mentors emerging leaders and shares insights from his extensive experience. He is also the author of other publications and continues to contribute to leadership thought through research, writing, and advisory roles.

Speaking on the essence of the book reading programme, the General Manager, Corporate Communication at NCDMB, Dr. Obinna Ezeobi pointed that the programme seeks to encourage learning, innovation, and value-driven leadership.

He referenced the Board’s capacity building mandate, highlighting that the agency views the engagements as critical to building a knowledge-based society and strengthening the capacity of individuals to respond effectively to evolving economic and institutional challenges.

Ezeobi further disclosed that this fourth edition is expected to attract a wide range of participants, including professionals from the oil and gas industry, academia, government institutions, students, media, and the public.

In his words, “this programme will provide an opportunity for meaningful dialogue on leadership, resilience, and transformation, while advancing the Board’s broader objective of fostering intellectual growth and national development.”

Some of the authors who have featured in the book reading programme have included former Editor of The PUNCH Newspaper, Mr. Dayo Oketola, who authored “The Catalyst: Nigerian Tech Evolution Through a Journalist’s Lens.”

The Senior Vice-chairman and Editor-in-chief at Leadership Newspaper, Mr. Azu Ishiekwene was the first guest on the platform in the August 2024 edition, where he shared insights from his book, “Writing for Media and Monetising It.

HRM King Bubaraye Dakolo, the Ibenanaowei of Ekpetiama Kingdom, Bayelsa State has also shared his book, The Pirates of the Gulf.

 

 

World Health Day 2026: CEMESO Calls for Health Equity, Bold Investment, Collective Action

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As the global community marks World Health Day 2026 under the World Health Organisation’s theme Together for health, the Centre for Media and Society (CEMESO) is joining partners, policymakers, health professionals, and communities across Nigeria to amplify a clear message: health is not a privilege. It is a fundamental human right. And in Nigeria, the distance between that right and its daily reality for millions of citizens remains a matter of life and death that demands urgent, multi-sectoral action.

Marking the occasion, Dr. Akin Akingbulu, Executive Director of the Centre for Media and Society (CEMESO), issued a call to action that situates health equity at the heart of Nigeria’s development agenda. “Nigeria stands at a defining crossroads,” he stated. “We have the policy frameworks, the reform momentum, and the international partnerships in place. What we have not yet matched these with is the sustained political will and the budgetary discipline to translate them into services that reach the last mile. On this World Health Day, CEMESO is standing with science — and demanding that Nigeria’s leaders stand with their people.”

Dr. Akingbulu acknowledged the genuine progress Nigeria has recorded in recent years, insisting that such achievements must be recognised, amplified, and built upon. According to the Federal Ministry of Health, the national health interventions now prevent an estimated 18 million malaria cases annually.

The Federal Government states that Nigeria has become a global leader in neglected tropical disease (NTD) elimination, with 40 million Nigerians across 20 states no longer requiring treatment, trachoma cases dropping by 84%, and the country surpassing WHO benchmarks for lymphatic filariasis and Onchocerciasis. According to the National Agency for the Control of AIDS (NACA) new HIV infections have declined by 46% over the past decade. Health insurance enrollment has surged from fewer than 12 million to over 21 million Nigerians within two years. Across 172 high-burden communities, targeted maternal health interventions have produced a 17% reduction in maternal deaths — evidence, as Dr. Akingbulu put it, “that the science works. Now the systems must work too.”

Yet Dr. Akingbulu was equally unsparing in highlighting the scale of the crisis that persists. Nigeria’s life expectancy stands at 54.9 years — the lowest in the world, nearly 20 years below the global average. The country accounts for 29% of all maternal deaths worldwide, and a Nigerian woman faces a 1-in-25 lifetime risk of dying in childbirth — a risk more than 200 times higher than that faced by women in high-income countries.

The nation’s health system is operating at only 45% of its potential capacity, while 71–75% of all health costs are borne directly by families — pushing millions into poverty in their most vulnerable moments.

An estimated 30.6 million Nigerians face acute food insecurity, with 6.4 million children under five suffering from acute malnutrition — a driver of mortality and disease burden that rarely features in mainstream health discourse.

“These numbers,” Dr. Akingbulu observed, “are not fate. They are the consequence of chronic underfunding, systemic inequity, and broken implementation chains. They are, above all, correctable — if the will is there.”

CEMESO’s advocacy positions primary healthcare strengthening and universal health coverage (UHC) as the indispensable foundation of any credible health transformation. The revitalisation of over 2,125 primary health centres — part of an ambitious national target of 17,600 functional facilities by 2027 — is a meaningful commitment.

According to the Federal Government, the landmark National Health Insurance Authority (NHIA) Act, the Sector-Wide Approach to health financing endorsed by the World Bank and WHO as a potential global model, and the $2.2 billion in health sector investment secured through international partnerships in 2025. Yet Dr. Akingbulu cautioned that institutional reform must be felt on the ground:

“We must stop measuring progress by the number of frameworks signed and start measuring it by the experience of the nurse in a rural clinic, the mother who reaches emergency obstetric care in time, and the child who receives the vaccine that saves her life. Policy that does not reach people is not policy — it is performance.”

A health system is only as strong as the people who deliver it. With a doctor-to-patient ratio of 1:3,500 — far exceeding the WHO’s recommended 1:1,000 — and nearly half of all Nigerian-trained doctors having emigrated in recent years, Dr. Akingbulu described the workforce crisis as “not peripheral, but existential.” He called on the federal and state governments to urgently scale up training, institute retention incentives, and create working conditions that make it possible for health professionals to serve their communities with dignity. He also underscored CEMESO’s particular commitment to strengthening health communication infrastructure: “Robust health data systems, evidence-based journalism, and accountable public information are not soft priorities — they are the connective tissue of a functional health system. When communities are informed and media professionals are equipped to report accurately, health outcomes improve. That is what CEMESO exists to advance.”

Dr. Akingbulu also called on the media to step in  for a broader conceptual shift in how Nigeria frames or narrates its health challenges. “Health does not begin in the clinic,” he said. “It begins in the quality of the air people breathe, the safety of the water they drink, the food security of their households, and the equity of the communities they live in.” He pointed to the growing dual burden of persistent infectious diseases — malaria, tuberculosis, HIV/AIDS — alongside rapidly rising non-communicable diseases such as hypertension, diabetes, and cancer, now responsible for nearly 30% of all deaths in Nigeria.

Climate change, he noted, is expanding the transmission zones of vector-borne diseases and generating new environmental health hazards that fall heaviest on the most vulnerable.

A One Health approach — integrating human, animal, and environmental health within a single coherent framework — is, in Dr. Akingbulu’s framing, “not an add-on to Nigeria’s health agenda. It is the agenda.”

In marking World Health Day 2026, CEMESO reaffirms its commitment to mobilising media, civil society, and community stakeholders as active agents in Nigeria’s health transformation.

The organisation will continue to develop and disseminate evidence-based health communication resources; build the capacity of journalists and media practitioners to report accurately on health policy, disease surveillance, and system performance; engage policymakers and development partners to ensure that health financing commitments translate into verifiable service delivery; and amplify community voices — particularly those of women, rural populations, and other underserved groups — in health governance processes.

Akingbulu called on all stakeholders to match the moment: “We are asking policymakers to honour the Abuja Declaration in deed, not rhetoric. We are asking health professionals to be supported, not abandoned. We are asking scientists and local researchers to be resourced so that Nigerian solutions can answer Nigerian realities. And we are asking every Nigerian to know that their right to health is non-negotiable — and that CEMESO will keep insisting on it.”

Together for health is not a ceremonial phrase. It is an institutional demand. It calls on governments to fund the systems they have promised; on development partners to align support with national priorities; on media to inform rather than inflame; on civil society to hold power accountable; and on communities to claim the health services that belong to them. As Dr. Akingbulu concluded: “Nigeria has the blueprint for health transformation. What this World Health Day must mark is the beginning of the end of excuses. Every Nigerian deserves a health system that sees them, serves them, and saves them. CEMESO will not stop advocating until that is the reality.”

 

 

About CEMESO

The Centre for Media and Society (CEMESO) is a Nigerian non-governmental organisation working at the intersection of media development, health communication, democratic governance, and civil society strengthening.

CEMESO supports evidence-based journalism, builds the capacity of media practitioners and community stakeholders, and engages policymakers and development partners to advance accountability, equity, and access in public service delivery — including health.

 

 

FCCPC and Digital Theft: Time to Act

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By Segun Adediran

For those who studied Economics at the Ordinary Level in the 1970s, the name O.A. Lawal likely rings a bell. His seminal work, O’ Level Economics of West Africa, outlines the four pillars of production—land, labour, capital, and enterprise—as the essential resources for creating value.

Centuries earlier, in 1776, Adam Smith published The Wealth of Nations just as the Industrial Revolution began to flicker across Europe.

Smith dismantled the antiquated notion that wealth was a finite hoard of gold, arguing instead that prosperity flowed from productive labour and the “invisible hand” of the market, which incentivised innovation. Similarly, Karl Marx viewed labour as the fundamental human activity that transforms the world.

Today, we stand at the precipice of a digital revolution in which these theories are being put to a surreal and perverse test. In the expanding frontier of Artificial Intelligence, the “invisible hand” has begun to look like a sleight of hand. Creative labour doesn’t matter anymore, at least in Nigeria’s media ecosystem.

For Nigerian journalists and newsrooms, the digital economy is no longer a marketplace of fair exchange; it has become a modern enclosure movement. Intellectual commons are being fenced off and harvested by global tech giants without a single kobo of compensation for the “tillers of the soil.”

The most predictable and substantial profits are currently going to firms that sell the necessary tools to build AI, often likened to the merchants who profited more than the miners during the Gold Rush. As of early 2026, AI-driven wealth creation is largely concentrated in Silicon Valley, with top tech executives reaching record net worths, and AI startups achieving massive valuations.

For instance, Elon Musk leads the 2026 Forbes list with an estimated net worth of $839 billion, followed by Google co-founders Larry Page ($257 billion) and Sergey Brin ($237 billion), Amazon’s Jeff Bezos ($224 billion) and Meta’s Mark Zuckerberg ($222 billion). I don’t have the numbers, but it’s doubtful whether any individual Nigerian publisher hits a billion-dollar net worth.

For decades, the bedrock of Nigerian democracy has been its independent press. Our pressmen and journalists have served as the nation’s primary witnesses, travelling to the furthest reaches of the Delta or the volatile borders of the north to document the pulse of the country, sometimes putting their lives on the line.

They and their publishers are the ones who bear the cost—economic, legal, and often physical—of extracting truth from the noise of a complex society. Yet, today, the fruits of this labour are being mindlessly treated by Silicon Valley as “free” raw material to generate the mega-wealth of Elon Musk & Co.

It is just time to act. Giant tech and AI firms must share the enormous value they reap from exploiting trusted Nigerian content with the human journalists and publishers who actually create it. It is the legal and patriotic duty of the Federal Competitive and Consumer Protection Commission to right all the wrongs.

These firms are currently scraping decades of Nigerian reportage to train systems that can mimic our cultural cadence, summarise our investigative journalism, and answer queries about our local politics.

When a user asks an AI to explain the intricacies of the Central Bank of Nigeria’s latest fiscal policy or to summarise a deep dive into national infrastructure, the “value” is captured entirely by the tech firm: the original newsroom—which paid the journalist’s salary, costs of investigation, and all that goes into storytelling—is left to pick the crumbs that fall from Big Tech table.

Yet, in an era of rampant misinformation and sophisticated deepfakes, trusted journalism is more expensive to produce than ever.

In Nigeria, documenting the truth is a service to the state, often performed under the shadow of business volatility and economic instability. But the Big Tech and AI firms turn these resources into mind-boggling wealth. That isn’t right or fair.

When AI models ingest the archives of Nigerian newspapers, they are not just taking data points; they are taking specialised local knowledge and hard-won public trust. If these firms continue to exploit this content without a revenue-sharing model, they are effectively starving the very sources they depend on for accuracy. If our newsrooms collapse because they can no longer monetise their work, AI models will eventually be forced to “hallucinate” based on a vacuum of real-time facts. The truth is an AI is only as smart as the human bravery that feeds it.

Our stories are our national assets. If an AI firm uses Nigerian reportage to build a product valued in the billions of dollars, a percentage of that value must flow back to the sources, as of right not of aid.  And this is not merely about corporate profits; it is about the survival of the Nigerian press.

To move from exploitation to equity, we need a model built on three pillars: transparent licensing, usage royalties and algorithmic transparency.

Countries like Australia, Canada and South Africa have already introduced measures along these lines. The Nigerian government, through its regulatory agencies, especially FCCPC and the Bosun Tijani-led Ministry of Communications, Innovation and Digital Economy, must provide the regulatory muscle for this fight.

For the press, we either swim or sink together. We must work together to avoid mutual failure. Individual media outlets cannot take on the behemoths of Silicon Valley alone and win. We need collective bargaining power to ensure that “innovation” does not become a euphemism for uncompensated extraction.

The argument that the internet is a “free and open” space has always been a convenient fiction for those who own the servers. While the distribution of information should be free, the production of verified information is not. It requires labour, capital, and entrepreneurship—the very factors of production Smith identified 250 years ago. And that must be paid for.

Big Tech must be forced to the table. Tunji Bello-led FCCPC should exercise its powers now. Innovation is the engine of the future, but it must not be fueled by the theft of others’ intellectual labour. If tech giants wish to build truly “intelligent” systems, they must act ethically by acknowledging and reimbursing the human cost of their data sets.

This is our clear message: Big Tech brigandage must stop. Those who profit from retelling creative content must pay the original tellers. It’s about the basic tenets of a fair market: value for value, and respect for the productive/creative labour, the fundamental human activity, that makes human progress possible.

 

Adediran, the Newspaper Proprietors’ Association of Nigeria’s CEO, writes via [email protected]

 

 

Truecaller Opens Global Market Access for its Business Chat Platform

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Truecaller, the leading global communications platform, today announced the expansion of its Business Chat platform, making it accessible to global channel partners and enterprise solution providers.

By “opening up” market access to its platform, Truecaller is empowering partners to transition their enterprise clients from legacy, low-trust SMS to a verified, smart, media-rich, and conversational communication experience.

Through this partner-led expansion, Truecaller empowers businesses to reclaim customer attention and establish immediate trust and credibility.

“The definition of success for modern enterprises has fundamentally evolved. It’s no longer just about delivery – it’s about earning attention, establishing credibility, and driving meaningful conversion,” said Priyam Bose, Global Head, GTM at Truecaller.

“By opening up market access to our global partners, we’ve created a powerful gateway for brands to engage with over 500 million active users where they already interact daily through communication that is contextual, trusted, free from clutter, and designed to initiate actions. For existing customers, the outreach opportunity extends to an additional high-impact channel, strengthening the overall customer experience journey.”

Truecaller Business Chat enables a clutter-free, high-trust conversational experience between businesses and consumers. The Business Chat platform equips partners with actionable insights, including real-time data and rich engagement metrics. This facilitates a more sophisticated, data-driven communication strategy that adapts at every stage of the customer journey.

Partners, including Gupshup and OneXtel, are already live in India along with Globe Teleservices, Cloudcom, and Sling Africa in other global markets, rapidly scaling the product in their respective regions. Global partners can now leverage Truecaller’s massive footprint to offer their clients a trustworthy engagement channel in an increasingly crowded digital world.

About Truecaller:
Truecaller is an essential part of everyday communication for over 500 million active users worldwide, with over one billion downloads since launch and 68 billion spam and fraud calls identified in 2025 alone.

The company is headquartered in Stockholm and has been publicly listed on Nasdaq Stockholm since October 2021.

 

 

DBI Unveils Nigeria Digital Economy Outlook 2026: Q1 Intelligence Report

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DigitalSENSE Business Intelligence (DBI), an initiative of ITREALMS Media, has released the Nigeria Digital Economy Outlook 2026: Q1 Intelligence Report (Executive Edition), offering strategic insights into the trends, risks, and opportunities shaping Nigeria’s digital economy.

The report provides a concise, data-driven overview of key developments across telecommunications, financial technology (fintech), digital infrastructure, policy, and investment dynamics. It highlights the increasing role of digital transformation in driving economic growth, financial inclusion, and innovation across the country.

According to the Publisher of DBI, Ogbuefi Remmy Nweke, the report is designed to support decision-makers with actionable intelligence in an increasingly complex and fast-evolving digital landscape.

“This Executive Edition delivers a clear and strategic perspective on Nigeria’s digital economy at a critical time. As the ecosystem continues to expand, access to credible intelligence will be essential for navigating opportunities and managing emerging risks,” he said.

The report identifies key strategic signals, including the continued expansion of broadband infrastructure, the rapid growth of digital payments, evolving regulatory frameworks, and a shift in investor focus toward sustainability and profitability.

It also outlines priority areas for policy and industry stakeholders, including digital financial inclusion, infrastructure investment, digital skills development, and public sector digitisation.

The Executive Edition is available for public access, while the Full DBI Nigeria Digital Economy Outlook 2026: Q1 Intelligence Report (Full Edition) provides deeper sector analysis, investment insights, and forward-looking intelligence tailored for institutional and executive audiences.

Interested organisations, policymakers, and investors can request access to the full report and executive briefings.

About DigitalSENSE Business Intelligence (DBI)
DigitalSENSE Business Intelligence (DBI) is a research and executive intelligence initiative of ITREALMS Media focused on delivering data-driven insights into Nigeria’s digital economy.

About ITREALMS Media
ITREALMS Media is a multiple award-winning, Nigeria-based technology and digital policy platform delivering news, analysis, consultancy, and commentary on telecommunications, information technology, digital economy policy, and emerging innovations—making leadership SENSE with digital news.

 

APC National Chairman, Nentawe Yilwatda, Donates N15m to Jos Attack Victims, Vows End to Killings in Plateau State

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The National Chairman of the All Progressives Congress (APC), Professor Nentawe Goshwe Yilwatda, on Saturday paid a heartfelt and solemn visit to victims of the recent dastardly attack in Angwan Rukuba, Jos North Local Government Area of Plateau State, who are currently receiving treatment at the Jos University Teaching Hospital (JUTH).

Professor Yilwatda was accompanied on the visit by his wife, Dr. Martina Yilwatda, in a demonstration of compassion, solidarity, and shared commitment to the pain and plight of the victims, their families, and the people of Plateau State at this difficult moment.

The visit was not only a gesture of sympathy but also a clear reaffirmation of the resolve of the Federal Government under the leadership of President Bola Ahmed Tinubu to ensure that the lives and properties of Nigerians are protected and that the repeated shedding of innocent blood in Plateau State must come to an end.

Speaking during the visit, Professor Yilwatda described the attack as barbaric, painful, unacceptable, and a direct assault on our common humanity, stressing that the time has come for all stakeholders to move beyond routine condemnation and work deliberately and collectively to prevent any recurrence of such senseless violence.

In a statement signed by Mr. Abimbola Tooki, Special Adviser to the National Chairman of APC, Media and Communications Strategy, Yilwatda said the pain of the victims and their families is a burden that must be shared by all men and women of conscience, adding that no society can make meaningful progress where innocent citizens continue to live in fear and uncertainty.

He stated that the administration of President Bola Ahmed Tinubu remains deeply committed to restoring peace, strengthening security operations, and ensuring that all parts of the country, including Plateau State, enjoy the safety and stability necessary for development and peaceful co-existence.

Yilwatda assured the victims and their families that the Federal Government is not leaving any stone unturned in its determination to ensure that every Nigerian life is valued, protected, and defended against criminality, violence, and terror.

He further emphasized that the tragedy in Angwan Rukuba must serve as a wake-up call to all leaders, communities, security institutions, and political actors to rise above division and work in unity to confront the forces of violence threatening the peace of Plateau and other parts of the country.

As a practical expression of support and compassion, the APC National Chairman announced a donation of Fifteen Million Naira (N15,000,000) to support the victims of the Angwan Rukuba attack as well as other vulnerable patients receiving treatment at the Jos University Teaching Hospital.

The donation, he noted, is intended to ease the immediate burden of medical care and provide some measure of relief to those going through physical pain, emotional trauma, and financial hardship as a result of the unfortunate incident.

Yilwatda also used the occasion to commiserate with the families of those who lost their lives in the attack, praying for the peaceful repose of the departed and asking God to grant their loved ones the strength and courage to bear the painful and irreparable loss.

He expressed deep appreciation to the management and medical personnel of the Jos University Teaching Hospital for their prompt response, professionalism, and commitment in attending to the victims and saving lives under difficult circumstances.

The National Chairman also paid a condolence visit to the Paramount Ruler of Jos North Local Government Area, the Ujah Anaguta, over the unfortunate attack on residents of Anguwan Rukuba, a community within his domain.

The APC National Chairman reiterated that the tragedy in Plateau must not be normalized, politicized, or reduced to another passing news cycle.

Rather, he said, it must provoke renewed urgency, coordinated action, stronger intelligence gathering, deeper community engagement, and sustained security intervention to ensure that communities across the state are protected from further attacks.

He called on political leaders, traditional rulers, religious leaders, youth groups, civil society organizations, and community stakeholders to close ranks and reject every form of hatred, division, provocation, and violence capable of threatening the peace and unity of Plateau State.

Professor Yilwatda maintained that Plateau, with its rich diversity, history, and strategic importance, must not be allowed to descend into repeated circles of bloodshed, grief, and instability.

He affirmed that the APC, the Federal Government, and all responsible stakeholders are united in the resolve to ensure that there is no repeat of such horrific incidents and that every necessary step will continue to be taken to restore confidence, strengthen peace, and guarantee security for all residents of the state.

The visit by Professor Nentawe Yilwatda and Dr. Martina Yilwatda stands as a powerful reminder that in moments of pain and tragedy, leadership must not only speak, it must show up, stand with the people, and act with compassion and responsibility.

As Plateau mourns, the message from the APC National Chairman is clear and unequivocal:

the killing of innocent citizens must stop, the perpetrators must not prevail, and peace must return fully and permanently to Plateau State.

 

PR Industry Leaders Hail Adejumoh’s Book, Advocate Strategic Shift in Practice

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L-R: Chief Yomi Badejo-Okusanya (YBO), Chairman, Board of the Nigeria Reputation Management Group (NRMG)/ immediate past President of the African Public Relations Association (APRA)/Founder, CMC Connect LLP, Dr. Oluwasoromidayo George, Corporate Affairs and Sustainability Director, Nigerian Bottling Company; Godfrey Adejumoh, Author, ‘Winning With Strategic Communications’; Mrs. Funmilayo Onajide, Chairman, Board of Directors, Brooks and Blake Nigeria Limited; and Mr. Israel Jaiye Opayemi, Managing Director/Chief Strategist, Chain Reactions Africa, during the launch of the book: ‘Winning With Strategic Communications’ in Lagos, Nigeria recently.

Industry leaders have overwhelmingly endorsed Godfrey Adejumoh’s newly unveiled book, Winning with Strategic Communications: Essential Strategies for the Next Generation of Leaders, describing it as a timely and transformative contribution to the evolution of public relations practice in Nigeria and across Africa.

The book, launched at a well-attended event in Lagos, drew top communication professionals, corporate leaders, and stakeholders, many of whom commended both the depth of insight and the urgency of its message.

Leading the chorus of commendations, Israel Jaiye Opayemi, Managing Director and Chief Strategist of Chain Reactions Africa, said the publication comes at a critical turning point for the industry.

“First and foremost, this book would not have come at a better time than now,” he noted, pointing to an ongoing generational transition as many founding figures in the PR space approach retirement.

Opayemi described the book as a call to action for practitioners to deliberately document their experiences and contribute to a growing body of knowledge that will sustain the profession’s future.

Similarly, Chief Yomi Badejo-Okusanya (YBO), Chairman, Board of the Nigeria Reputation Management Group (NRMG)/ immediate past President of the African Public Relations Association (APRA)/Founder, CMC Connect LLP, underscored the need for a clear distinction between strategy and tactics in communications practice.

While describing the book as a strong tactical expression, he noted that it aligns with a broader strategic ambition to position communication professionals at the heart of organisational decision-making.

He further stressed that practitioners must assert their relevance across critical business functions, including finance, human resources, sales, and marketing.

Badejo-Okusanya also emphasised the importance of sustained engagement with the book’s ideas, revealing plans to integrate it into structured learning within his organisation.

“I bought about 10 copies. We’re going to have sessions on it. He’s going to come and teach us,” he said, adding that real value lies in internalising knowledge and applying it in practice.

Adding to the commendations, Soromidayo George, Corporate Affairs and Sustainability Director at Nigeria Bottling Company, praised Adejumoh’s professionalism and character, describing the book as impactful and widely relevant.

“This is a book everybody should read. It will make a significant difference in people’s lives,” she said.

In the same vein, Funmi Onajide, Chairperson, Brooks and Blake PR, highlighted the author’s commitment to continuous learning and excellence, noting that he remains a strong asset to the communications industry.

Also lending institutional support, Dr. Samuel Ayetutu, Chairman, Lagos State Chapter of the Nigerian Institute of Public Relations (NIPR), described the book as a timely addition to the profession’s knowledge base.

In his remarks, Adejumoh made a compelling case for elevating the role of communications professionals from tactical support to strategic leadership.

“The communication professional must be present in rooms where decisions are taken,” he said. “We need to get to the point where when a company needs a new CEO, a communication professional is on top of the list.”

He emphasised that corporate communications is not merely about visibility but about influence, transformation, and measurable business impact.

“The business of corporate communications is about turning things around for the good of the business. Our job is not to raise shoulders, it is to influence,” he added.

Drawing from over 15 years of experience working with multinational organisations such as Diageo, Unilever, MTN, DHL, Accenture, and LG, Adejumoh positions the book as a practical playbook for navigating leadership, reputation management, and strategic influence in a complex business environment.

Beyond its immediate reception, stakeholders at the launch agreed that the book has ignited a critical conversation about the future of public relations, particularly the need to deepen strategic thinking, institutionalise knowledge sharing, and position practitioners as key drivers of business success and national development.

 

Beta Glass Reports Revenue of N149.1bn in Audited Results for 2025

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Beta Glass Plc, the leading glass container manufacturer in West and Central Africa, is pleased to announce that its Board of Directors has approved the Company’s Audited Financial Statements (AFS) for the financial year ended December 31, 2025, reporting solid revenue growth and reaffirming the Company’s commitment to its core pillars of operational excellence, innovation, and sustainable business practices.

Key Highlights:

 

N’000 Year ended December 2025 Year ended December 2024 +/-%
Revenue from contracts with customers 149,122,525 117,580,184 +27%
Gross profit 52,663,718 30,757,712 +71%
Operating Profit 48,092,894 23,555,671 +104%
Profit Before Taxation 50,541,595 19,903,373 +154%
Profit for the Year 33,245,317 13,626,830 +144%

 

Revenue: For the 2025 financial year, Beta Glass recorded revenue of ₦149.12 billion, compared with ₦117.58 billion in 2024, representing a 27% year-on-year increase. This growth reflects continued demand for the Company’s glass packaging products across key sectors of the Nigerian economy.

Margins: In 2025, the Company’s Gross Margin improved from 26.3% in 2024 to 35.3% while Operating Margin improved from 20.0% to 32.3%. This significant improvement in margins reflects improved operating efficiency and effective cost management.

Profit After Tax (PAT): The Company reported Profit After Tax of ₦33.25 billion, representing a 144% year-on-year increase from ₦13.63 billion recorded in 2024, demonstrating the resilience of its operations despite evolving global and regional market conditions.

Earnings Per Share (EPS): Earnings per share for the year stood at ₦55.41, representing a 144% year-on-year increase from ₦22.71 in 2024.

“This year’s results reflect the resilience of our business model and the successful execution of our strategic initiatives. Despite market challenges, our commitment to delivering value to our shareholders was and remains strong. Our performance was underpinned by improved production efficiency, effective cost management, and a clear focus on our key customers and segments. At the same time, we continued to invest significantly in our asset base, with the rebuild of our furnace in Delta, positioning the business for sustainable long-term growth.” said Alex Gendis, Chief Executive Officer of Beta Glass Plc.

The Board noted that the Company continues to monitor global developments, including geopolitical tensions and their potential impact on energy costs and supply chains, while maintaining confidence in the Company’s operational resilience and long-term growth strategy.

The full Audited Financial Statements are available on the website https://www.betaglass.com/ and the Nigerian Exchange Group https://ngxgroup.com/.

 

About Beta Glass Plc

Beta Glass Plc is a leading manufacturer of quality glass packaging solutions for the beverage, pharmaceutical, and food industries in West and Central Africa.

The company is committed to innovation, sustainability, and delivering high-performance packaging solutions that support product integrity while promoting environmental responsibility.

Stanbic IBTC Sets Sustainable Growth Agenda for Key Sectors at Inaugural Nigeria Business Summit

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Stanbic IBTC, a leading financial services provider in Nigeria, successfully hosted the 2026 edition of the Nigeria Business Summit from Wednesday, 01 April to Thursday, 02 April 2026, at the Landmark Event Centre, Victoria Island, Lagos.

The two-day summit brought together industry leaders, policymakers, entrepreneurs and stakeholders across multiple sectors to explore sustainable business practices, foster economic growth and unlock global trade opportunities.

With the theme, ‘Nigeria Means Business: Powering Sectors, Growing Sustainable SMEs & Unlocking Global Trade’, the summit addressed critical issues across key sectors, including agribusiness, renewable energy, trade and Africa–China banking, as well as ICT and telecommunications. Additional sessions covered areas such as family business sustainability, artificial intelligence, employee value banking, insurance, pension and wealth management.

The event featured a keynote address by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who emphasised the urgent need for Nigeria to reposition itself as a leading export-driven economy to achieve sustained growth.

“Our true potential lies in becoming a leading export economy,” Edun stated. “Increased participation in regional and global trade will be critical to diversifying foreign exchange earnings and driving inclusive growth.”

He noted that while Nigeria’s GDP growth has improved to approximately 4 per cent, it remains below the level required to significantly reduce poverty. According to him, the country’s economic strategy is now shifting from stabilisation to growth acceleration, with trade expansion playing a central role.

Edun highlighted ongoing reforms, including improved foreign reserves, rising non-oil revenues and renewed investor confidence, as indicators of a more resilient economy. However, he stressed that enhancing trade competitiveness would require continued investment in infrastructure, logistics and policy coordination. He also highlighted the importance of small and medium-sized enterprises (SMEs), which account for over 90 per cent of businesses, noting that inclusive growth will depend on stronger collaboration between the public and private sectors.

Participants engaged in a rich line-up of activities, including expert presentations, panel discussions and high-level networking opportunities. Highlights of the summit included the Africa Trade Barometer presentation, client testimonial showcases and insightful discussions on the state of the African economy and intra-African trade opportunities.

Breakout sessions on agribusiness, ICT and healthcare, Africa-China banking and Trade as well as renewable energy provided attendees with deeper, practical insights into some of the most critical sectors driving Nigeria’s economic future.

Speaking at the event, Chuma Nwokocha, Chief Executive of Stanbic IBTC Holdings, represented by the organisation’s Chief Finance and Value Management Officer, Kunle Adedeji, emphasised the importance of collaboration and innovation in driving sustainable growth.

“This summit has reinforced the importance of creating platforms where ideas can flourish and businesses can grow sustainably. By working together, we can unlock new opportunities and drive economic advancement across Nigeria and the African continent,” he said.

The summit also spotlighted practical strategies for integrating sustainability into business operations, encouraging organisations to adopt environmentally conscious practices while maintaining profitability and competitiveness.

Remy Osuagwu, Executive Director, Business & Commercial Banking, expressed satisfaction at the level of interest from participants, a critical element for a successful summit.

“From our conversations on energy and healthcare to the deep dives into trade, Africa-China relations, and agribusiness, Day 1 has offered perspectives that were both insightful and practical. I believe we’re all leaving with a stronger understanding of the opportunities emerging across our industries” Remy said.

He acknowledged the level of engagement, questions, contributions and willingness of participants to share experiences; describing this as the real power of the Nigeria Business Summit, and a solid foundation for tomorrow.

The Chief Executive of Stanbic IBTC Bank, Wole Adeniyi, who was represented by Bunmi Dayo-Olagunju, Deputy Chief Executive of Stanbic IBTC Bank, opened Day Two of the Nigeria Business Summit by highlighting the focus of the summit’s SME Day.

Bunmi said: “Today, we build on Day One’s momentum with conversations that are equally critical for the future – from the dynamics of family businesses to the growing influence of artificial intelligence; the evolution of insurance, and the emerging space of electric vehicle banking.”

She further added, “Our goal on Day Two is simple: to explore what’s next. To understand how these developments will shape our businesses and how we can position ourselves ahead of the curve.”

Stanbic IBTC’s inaugural Nigeria Business Summit stands as a testament to the organisation’s commitment to empowering businesses, strengthening key sectors and positioning Nigeria as a competitive player in the global economy.

Ecobank Nigeria Assures Customers of Uninterrupted Banking Services During Easter Public Holidays

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Ecobank Nigeria, a member of Africa’s leading pan-African banking group, has reaffirmed its commitment to providing customers with seamless and uninterrupted banking services throughout the Easter public holidays. The Bank assured customers that its secure and robust digital platforms will remain fully operational to support financial activities during the festive period.

All digital channels, including the Ecobank Mobile App, Ecobank Business App, USSD *326#, Ecobank Online, OmniPlus, Omnilite, EcobankPay, Ecobank Cards, ATMs, PoS terminals, and over 35,000 Ecobank Xpress Point agent locations nationwide will remain accessible throughout the holiday.

Speaking on the Bank’s preparedness, Victor Yalokwu, Head, Products & Analytics, Consumer & Commercial Banking, Ecobank Nigeria, assured customers of a smooth and secure banking experience during the Easter break. He noted that customers can conveniently conduct transactions at any time using the Bank’s wide range of digital solutions.

“Customers will continue to enjoy a full bouquet of services during the holiday, including local and international funds transfers, bill payments, airtime top-ups, merchant payments, balance enquiries, account statements, and cardless cash withdrawals via ATMs. We understand that festive seasons come with increased financial activity, and our priority is to ensure our customers enjoy fast, reliable, and secure banking wherever they are. Our digital channels are designed to support uninterrupted transactions, and we have strengthened our systems to guarantee optimal performance throughout the Easter break,” Yalokwu said.

He encouraged customers to maximise the Bank’s alternative channels for transfers, bill payments, airtime purchases, card services, and account management. He also advised customers to stay vigilant by shopping only on trusted websites; avoiding the sharing of PINs, passwords, and one-time passwords (OTPs); refraining from banking on public Wi-Fi networks; being cautious of urgent or emotionally charged messages; and regularly monitoring their account activity.

Yalokwu added: “Ecobank remains committed to providing innovative financial solutions and exceptional customer service. We wish all our customers and partners a peaceful and joyful Easter celebration.”

 

About Ecobank Nigeria

Ecobank Nigeria is a member of the Ecobank Group, the leading pan-African banking institution with operations in 32 African countries and international offices in London, Paris, Beijing, and Dubai.

With over 220 branches, more than 36,000 agency banking locations, and robust digital platforms, Ecobank delivers accessible, affordable, and instant banking services.

The Bank is strategically positioned to support pan-African trade, particularly under the African Continental Free Trade Area (AfCFTA).