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Unity Bank MD Tasks Youths on Savings Culture at World Savings Day

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Mr. William Odigie in a photo session with some of the students after the training.

The Managing Director/Chief Executive Officer of Unity Bank Plc, Mr. Ebenezer Kolawole, has renewed the Bank’s call for young Nigerians to embrace a savings culture, urging them to see savings as a lifelong discipline for creating stability and financial resilience.

Mr. Kolawole gave the charge while addressing students of Alvana Model Secondary School, Owerri, Imo State, as part of the financial literacy training organised by the Bank to mark this year’s World Savings Day.

Represented by Mr. William Odigie, Unity Bank’s Zonal Head, South East/South South, Mr. Kolawole reaffirmed Unity Bank’s commitment to deepening financial inclusion among young Nigerians as it joined global institutions to commemorate this year’s World Savings Day, themed “Beyond Savings – Building Financial Resilience.”

The Bank participated in nationwide Financial Literacy Training sessions held simultaneously across the country, an initiative led by the Central Bank of Nigeria (CBN), the Bankers’ Committee, Deposit Money Banks and Junior Achievement Nigeria, aimed at improving financial inclusion and equipping young people with essential money management skills.

Speaking during the training, Mr. Kolawole stressed that “savings is foundational to financial planning, financial management and investment, and therefore the Youth must imbibe the culture of savings not just as mere financial activity, but to enable them to create financial security and independence in the long run”.

He noted that Unity Bank continues to prioritise financial literacy initiatives because early exposure to money management helps young people mitigate uncertainties and economic shocks that may hinder their ability to meeting goals.

The training sessions, facilitated by Unity Bank staff across multiple states, exposed students to practical lessons on budgeting, financial goals and seminar classes and workshops.

World Savings Day, celebrated annually on October 31, promotes the importance of savings as a cornerstone of economic resilience. In Nigeria, Deposit Money Banks collaborate with the CBN and partner organisations to deliver training programmes that equip students with lifelong financial skills.

Unity Bank’s participation reflects its ongoing dedication to supporting youth development and strengthening the financial literacy ecosystem across the country.

 

The Emirates A350 Makes Flypast Debut at 2025 Dubai Airshow

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Making its first-ever appearance in aerial formation, the Emirates A350 starred in the spectacular 2025 Dubai Airshow opening flypast. Joined by the Emirates Boeing 777 and the iconic A380, the airline showcased its full fleet in flight for the first time since the A350’s arrival in November 2024.

Representing the UAE’s impressive aviation capabilities, the aerial performance consisted of a 60 aircraft formation, with Emirates headlining the commercial aviation fleet, followed by other UAE commercial airlines, and a fleet of military aircraft and helicopters.

The iconic Emirates A380 flew at an altitude of 500ft, followed by the Boeing 777 at 700 ft and finally the A350 flying at an altitude of 900ft. One of the Dubai Airshow’s most highly anticipated events, the stunning aerial display delighted thousands of attendees, as the formation soared above the Al Maktoum International Airport (DWC) runway.

Propelling the UAE’s aviation legacy forward, the Emirates section of the showcase was helmed by an all-Emirati team, from planning to piloting the aircraft. Captain Mubarak Al Mheiri flew the A380 at the head of formation, while Captain Ali Almarzooqi and Captain Rashed Murshed commanded the Boeing 777 and the A350 respectively. Captain Khalid Akram, Deputy Chief Pilot Boeing was on the Flight Control Committee team overseeing the entire commercial showcase.

Planning for the aerial display is extensive and requires coordination with the full aviation ecosystem, including several teams at the airline, the other UAE carriers, the UAE Ministry of Defence, the UAE Military, and Air Traffic Controllers and collaborating with the Dubai Air Show Flying Control Committee and both aviation authorities (DCAA and GCAA). Every minute detail was factored in – from the varying air traffic patterns and areas over flown to weather and wind conditions – to ensure a seamless performance.

 

 

 

T2 Condemns Misrepresentation of Industry Facts, Spread of Disinformation Regarding HIS, Network Operations

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T2 has observed with concern the recent wave of misinformation circulating online regarding our operational relationships, including those involving IHS.

These narratives, driven primarily by pseudo-analysts operating without any credible industry knowledge, grossly misrepresent how telecommunications networks function and deliberately distort the facts for attention and engagement.

Contrary to the misleading claims being circulated, T2’s network continuity and service delivery are not dependent on IHS tower infrastructure in the manner suggested.

These commentators ignore or are entirely unaware of the fundamental mechanics of National Roaming, a framework approved by the Nigerian Communications Commission (NCC), under which operators seamlessly leverage partner networks to ensure full coverage without reliance on their own base stations.

Claims that T2 faces operational risks or service disruption due to IHS infrastructure issues are technically false, uninformed, and recklessly misleading. The narrative being pushed online creates a false impression of instability, misleading the public and mischaracterizing industry dynamics.

It is evident that these distortions go beyond mere misunderstanding.

The consistent   inaccuracies and sensationalist framing suggest malicious intent, aiming to sow confusion rather than provide genuine analysis. Self-proclaimed analysts should be held to a standard of accuracy, yet they’re publishing content without grasping telecom operations, National Roaming, or infrastructure sharing implications.

T2 rejects these misrepresentations in their entirety. Our operations remain fully stable, fully supported, and entirely aligned with established industry models. The attempt to link T2’s operational integrity to IHS-related narratives is nothing more than manufactured disinformation.

We urge the public and our stakeholders to disregard these false claims and rely exclusively on official communications from T2 or recognized industry authorities. As a responsible operator, we are committed to maintaining transparency and ensuring that the public receives accurate, technically verified information, free from the noise of uninformed commentary.

T2 remains committed to its vision of being a leading digital lifestyle partner, delivering world-class connectivity that empowers Nigerians to achieve their ambitions.

 

 

Fidelity Bank Boosts Gymnastics Dev with Gymfest Championship 2.0 Sponsorship

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L-R: Head Coach, Tee Tumblers Gymnastics Club & Lagos State Gymnastics Club, Patrick Umoh; CEO, Tee Tumblers Gymnastics Club and Co-founder, Gymfest Championship 2.0, Yoyin Akpose; Creative Coach, Gymfest Championship 2.0, Oyegbata Chinedu; and Gymfest Program Coordinator, Faith Oaikhiena; flanked by some participants during the Gymfest Championship 2.0 sponsored by Fidelity Bank Plc and held in Lagos, recently.

Leading financial institution, Fidelity Bank Plc has reiterated its commitment to youth empowerment by serving as the headline sponsor of Gymfest Championship 2.0.

The competition, which held in Lagos over the weekend, drew remarkable participation from children aged 3 to 12years who competed across levels 1 through 7., Gymfest 2.0 brought together gymnasts, parents, clubs, schools, and sponsors, all united by a shared vision to nurture young gymnastic talent across the country.

Speaking at the event, Divisional Head, Brand and Communications, Fidelity Bank Plc, Dr. Meksley Nwagboh, explained that the support for gymnastics is part of the bank’s broader vision to invest in platforms that empower young Nigerians to unlock their full potential and pursue greatness with intention.

“At Fidelity Bank, we believe sports are a powerful tool for transformation. They instill discipline, sharpen focus, and foster teamwork; qualities that shape character and build strong communities. These same values drive innovation, leadership, and national development.

“As headline sponsor of Gymfest, we are proud to support an initiative that promotes physical excellence, strengthens community bonds, and inspires national pride. Gymfest is more than a competition; it motivates children to set ambitious goals and pursue them with dedication and effort,” he said.

Also speaking at the event, Founder, Tee Tumblers Gymnastics Club and Co-founder, Gymfest Championship, Yoyin Akpose, outlined the long-term vision of the initiative as one that seeks to build a thriving community of children, parents, schools, clubs, and sponsors united by a shared passion for gymnastics.

Akpose stated that, “Our aim is to make gymnastics accessible to every child with a dream, creating fully equipped centers that provide training opportunities for all levels, from Surulere to Ikorodu, Ikeja, Apapa, and beyond.”

“GYMFEST is changing the narrative by offering a structured platform for talent development, international exposure, and professional training,” Akpose added.

One of the event’s highlights was the impressive performance of Oluwatoni Pitan, who emerged as the winner and overall best gymnast in the Level 2 Vault category.

Expressing her excitement, she said: “I feel very excited because I didn’t even expect this at all. This is my first Level 2 competition, and it took me three weeks of preparation. I encourage other female gymnasts to work hard and be consistent, you never know when your opportunity will come.”

Oluwatoni also expressed her gratitude to Fidelity Bank, the organisers, and her parents for the opportunity to showcase her talents and pursue her dreams as a young athlete.

Through strategic partnerships for initiatives like GYMFEST, Fidelity Bank continues to demonstrate its dedication to empowering the next generation, driving positive change, and fostering excellence through sports development in Nigeria.

Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

The Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine.

Additionally, the Bank was recognised as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

 

Cancer Care: Polaris Bank Celebrates with C.O.P.E on 30 Years of Hope, Impact, Partnership

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L-R: Bukola Oluyadi, GH, Customer Expweience & Value management, Polaris Bank; Ebunola Anozie, Founder/CEO, C.O.P.E; Sandra Okoli, Sector Lead, Telecomms, Power and Infrastructure, Polaris Bank at the C.O.P.E’s 30th Anniversary Celebration in Lagos recently.

The Care. Organisation. Public. Enlightenment (C.O.P.E) has marked three decades of pioneering work in breast cancer awareness, early detection, and survivor support with a commemorative event held in Lagos.

The ceremony brought together healthcare professionals, survivors, donors, and corporate partners, led by Polaris Bank, the organisation’s longstanding partner and lead sponsor.

Speaking at the event, Emeritus Professor Osato Giwa Osagie, Chairman of C.O.P.E’s Board of Trustees, recounted his first meeting with the Founder, Mrs. Ebunola Anozie, describing her as “a persuasive and passionate woman whose vision has changed the narrative of breast health in Nigeria.” He noted that COPE has become a national force for awareness and care, providing free monthly breast screenings, prosthetic bras, and financial assistance to women in need.

“In the last ten years, we have witnessed remarkable progress in breast cancer survival in Nigeria, thanks to early detection and consistent education,” Professor Giwa Osagie said. “We have also begun importing breast supplements specifically for women who have undergone mastectomy, available right here at the C.O.P.E Centre, to help them regain confidence and comfort.”

He emphasised that the organisation’s next milestone would be the establishment of a permanent C.O.P.E Centre, complete with a screening unit, conference hall, and residential facility for women undergoing treatment or recovery.

In her remarks, Mrs. Ebunola Anozie, Founder and Chief Executive Officer of C.O.P.E, reflected on how personal loss birthed a purpose that has endured for 30 years. “C.O.P.E was born out of grief, but it became my way of transforming pain into purpose,” she said. “From a modest awareness campaign in 1995, we have grown into a national movement that has educated millions and provided life-saving early detection services for thousands of women. Yet, our work is far from done. We need a permanent home where every woman can find hope, healing, and care.”

She expressed gratitude to Polaris Bank and other corporate partners whose support, she said, “has kept C.O.P.E’s mission alive and expanding through every economic season.”

A highlight of the evening was the moving testimony of Mrs. Agatha Obi, a breast cancer survivor who discovered C.O.P.E during her treatment. “In 2011, I was told I had breast cancer and would need a mastectomy. It was devastating,” she recalled. “But through C.O.P.E, I found courage, community, and hope. Thirteen years later, I am alive, thriving, and grateful for this organisation that stood by me when I needed it most.”

Representing the Managing Director of Polaris Bank, Mrs. Bukola Oluyadi delivered a goodwill message reaffirming the Bank’s partnership with C.O.P.E. She noted that Polaris Bank is “deeply proud to stand beside an organisation whose work embodies compassion, resilience, and impact.” In her address, she said:

“Reaching three decades of dedicated service and advocacy is no small feat. C.O.P.E has been a beacon of hope, empowerment, and positive change in our society. At Polaris Bank, we remain committed to advancing the fight against breast cancer through awareness, early detection, and sustained care. Together, we will continue to empower women, strengthen families, and transform communities.”

Mrs. Oluyadi commended the C.O.P.E team for their enduring commitment to public enlightenment and healthcare access, assuring that Polaris Bank will remain a steadfast partner in driving initiatives that touch lives and promote national well-being.

The 30th anniversary celebration concluded with renewed pledges from partners and donors to support the organisation’s vision of building a permanent COPE Centre, a symbol of hope for women across Nigeria.

 

NESG to Host Sports Africa Investment Summit 2026

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Sport Nigeria Ltd/GTE is proud to announce the Nigerian Economic Summit Group (NESG) as an official co-host of the highly anticipated 2nd edition of the Sports Africa Investment Summit (SAIS) 2026. This strategic collaboration underscores the growing recognition of sports as a key driver of Nigeria’s and Africa’s broader economic transformation agenda.

The NESG, Nigeria’s foremost private-sector think tank, brings to SAIS 2026 a wealth of expertise in policy advocacy, sustainable development, and private-sector engagement. Together with other institutional partners, the NESG will help shape high-level dialogues that position sports as an emerging frontier for investment, job creation, and industrialisation across Africa.

Through this partnership, the NESG aims to deepen conversations around the integration of sports into Nigeria’s national and Africa’s continental development frameworks, aligning with its mission to promote inclusive, sustainable, and competitive economic growth.

In this regard, NESG will facilitate the participation of resource persons and industry leaders across the NESG network, curate a Special Session under the Tourism, Hospitality, Entertainment, Creatives, and Sports (THECCS) Policy Commission to strengthen conversations around sports as an economic growth enabler, and ensure the presence of key NESG leadership in the various activities and programmes associated with the summit plenary and breakout sessions.

The Sports Africa Investment Summit (SAIS) 2024 will take place from February 10-11, 2026, at the Lagos Continental Hotel, Victoria Island, Lagos. Themed “Africa’s Sports Future: Finance and Investment Strategies to Unlock Infrastructure and Trade Opportunities”, the summit will convene policymakers, investors, development institutions, and sports business leaders to explore how targeted investment can unlock economic and social value across the continent’s sports ecosystem.

The two-day event will feature keynote sessions, expert panels, and networking opportunities that connect capital with opportunity and innovation with impact — highlighting the vital role of sports in Africa’s next phase of economic development.

The Sports Africa Investment Summit (SAIS) 2026 will be held at Lagos Continental Hotel, Victoria Island, Lagos, from 9am daily.

About Sports Africa Investment Summit

SAIS is an annual gathering driven by Sport Nigeria’s vision of creating a sustainable sports ecosystem through the development of infrastructure, partnerships, and investments. This year’s summit promises to deliver impactful discussions and networking opportunities on the influence of investment, infrastructure and trade on development of the sports industry.

About Sport Nigeria LTD/GTE

Established in 2021, SPORT NIGERIA is a Limited by Guarantee private sector-led intervention agency, established to assist in the development of the sports industry by harnessing the quantum of investment required to trigger the objectives of a repositioned sports industry.

By redefining how the engagements within the sports ecosystem, Sport Nigeria sets out to work with all stakeholders to facilitate the development of the value chain of the industry, and contribute to sports as a viable and sustainable socio-economic component of Nigeria’s development.

Sport Nigeria will complement the public sector sports development efforts at national and sub-national levels and leverage the potentials and opportunities from the sports industrialisation agenda for the successful development of a thriving industry that makes a significant contribution to the economy.

Through its activities and input into the development of the sports industry value chain, Sport Nigeria will also contribute to sports as a platform for economic, social, and youth development.

Leadway Assurance Unveils Adebisi Lamikanra as First Female Board Chairperson

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Leadway Assurance, Nigeria’s leading insurance company, has announced the appointment of Mrs. Adebisi Lamikanra as the new Chairperson of the Board, following the tenure expiration and formal retirement of General (Rtd) Martin Luther Agwai, who has admirably served as Board Chairman since November 2016.

A Chartered Accountant and Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Mrs. Lamikanra brings nearly four decades of exceptional leadership and advisory experience to the role.

She was a Partner at Andersen Nigeria and made history as the first female Partner at KPMG Nigeria, where she retired as Head of Advisory Services and Lead for the African Region Advisory Practice.

Her career has been defined by strategic consultancy to leading local and multinational organisations across sectors.

A proud alumna of the University of Lagos and the Lagos Business School, she has also honed her leadership skills through advanced executive programs at Harvard Business School, INSEAD University, and the Kellogg School of Management.

Mrs. Lamikanra currently serves on the boards of Standard Chartered Bank Nigeria, Evercare Hospital Lekki, and Nestle Nigeria, where her governance acumen and cross-sector insights continue to shape corporate excellence.

Speaking on the appointment, the outgoing Chairman, General (Rtd) Martin Luther Agwai, expressed his confidence in Mrs. Lamikanra’s leadership, stating, “It has been a profound honour to serve Leadway Assurance, a company that continues to define trust and innovation in Nigeria’s financial services sector. As I pass the baton, I take pride in the enduring culture of excellence we have built together. Mrs. Lamikanra’s appointment represents a seamless continuation of this legacy; her integrity, professionalism, and wealth of experience will ensure that Leadway continues to grow stronger and advance firmly into its next chapter of success.”

Under General Agwai’s stewardship, Leadway Assurance achieved significant milestones, including restructuring into a holding company, expanding across West Africa, and solidifying its position as one of the West Africa’s most trusted financial services institutions.

His tenure will be remembered for stability, innovation, and a commitment to governance excellence. His exit, after his successful tenure, reinforces Leadway’s penchant for uploading good governance principles.

Speaking on her appointment as the first female Board Chairperson of the Company, Mrs. Adebisi Lamikanra expressed gratitude and optimism about the company’s future.

“I am deeply honoured to assume this responsibility at such a pivotal moment in Leadway Assurance’s journey. The organisation’s legacy of trust and innovation, built over five decades, continues to inspire confidence in Nigeria’s financial ecosystem”, she said.

She expressed gratitude to her predecessor, Gen (Rtd.) Martin Luther Agwai, recognising his outstanding leadership and mentorship skills in steering the affairs of the Board during his tenure as the Board Chairperson.

She further called on the Board, management, and all stakeholders to collaborate and work together in strengthening the Leadway legacy, driving sustainable growth, advancing digital transformation while reinforcing Leadway’s role as a catalyst for financial inclusion and economic development.

Mrs. Lamikanra’s appointment signals a continuation of this legacy, blending experience, foresight, and the dynamism required to navigate Nigeria’s evolving financial landscape. Her leadership is expected to strengthen further the organisation’s culture of excellence, innovation, and sustainable growth. 

About Leadway Assurance

Leadway Assurance is one of Nigeria’s leading insurance companies, providing a wide range of financial protection services including life, general business, and agricultural insurance. With over 50 years of experience, Leadway is dedicated to delivering innovative solutions and superior service to its customers.

About Mrs. Adebisi Lamikanra

Adebisi Lamikanra is a Chartered Accountant and Fellow of the Institute of Chartered Accountants of Nigeria (ICAN). She was a Partner in Andersen Nigeria and the first female Partner at KPMG. She retired as Head, Advisory Services KPMG Nigeria and Lead, KPMG African Region Advisory Practice having worked with leading local, international and multi-national organizations. She currently sits on the board of a couple of companies.

 

 

FNBC Calls for Deeper Bilateral Collaboration to Drive Sustainable Growth

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L-R: Olusanya Olakunle, Director, Fanmilk (Danone); Uhabia Ojike, Guillaume Niarfeix, President Franco-Nigerian Chamber of Commerce and Industry; Denis Martin, Managing Director, CFAO Mobility Nigeria; Muyiwa Akinyemi, Deputy Managing Director, United Bank of Africa; Laurent Favier, Consul General of France in Lagos; Adobi Nwapa, Executive Director, Zenith Bank; and Innocent C. Ike, Group Chief Executive Officer, Access Holdings, at the French Week 2025 Business Forum at Access Towers in Lagos.

The French Week Economic Summit 2025, which   held recently convened senior government officials, business leaders, diplomats, and industry stakeholders with a unified call for stronger bilateral cooperation to advance sustainable economic growth across both nations.

Delivering the welcome remarks, Aigboje Aig-Imoukhuede, President, France–Nigeria Business Council (FNBC) and Chairman, Access Holdings Plc, stressed the importance of reinforcing commercial ties between France and Nigeria through practical partnerships, strategic investment, and private-sector leadership.

The Summit, now in its third consecutive year at Access Towers, head office of Access Bank, was convened under the theme: “France–Nigeria Commercial Relations: Leveraging Partnership for Growth.”

Represented by Innocent Ike, Group Chief Executive Officer, Access Holdings, Aig-Imoukhuede, noted that the Summit reflected the progress envisioned when President Emmanuel Macron inaugurated the France–Nigeria Business Council in 2019 to foster practical, private-sector–led cooperation.

According to him, the FNBC has since evolved into a key platform for deepening partnerships across energy, infrastructure, finance, and culture, driven by shared values of innovation, sustainability, and inclusion.

Aig-Imoukhuede highlighted major ongoing bilateral projects, including the AGORA Project, a joint France–Africa initiative aimed at reimagining urban sustainability through green mobility, environmentally conscious infrastructure, and digital ecosystem integration.

He also presented updates on the Omi Eko Initiative, a collaboration between the Lagos State Government, French technical partners, and Nigerian private-sector institutions designed to restore and sustainably manage the Lagos Lagoon.

The initiative is projected to cut carbon emissions by 31,000 tons of CO₂ annually, mobilise over €60 million (₦100 billion) in green-infrastructure investments, and create more than 2,000 jobs across recycling, renewable energy, and sustainable tourism. He noted that Omi Eko illustrates how environmental restoration can serve as a catalyst for broad-based economic opportunity.

In her remarks, the Lagos State Commissioner for Commerce, Cooperatives, Trade, and Investment, Folashade Ambrose-Medebem, announced a major development for the state’s economic landscape: The emergence of the Lagos International Financial Centre (LIFC).

Designed to attract global financial institutions, drive foreign investment, and promote financial innovation, the Commissioner described the LIFC as a transformative platform.

“It will serve as a strong platform for global investors, innovators, and businesses to converge,” Ambrose-Medebem said. “Watch this space: by the time you return next year, I hope to share more about its formal launch and milestones achieved.”

She explained that the Summit provides a robust avenue for high-level dialogue, reinforcing the commitment of both nations to fostering cross-investment, creating bankable projects, and driving shared, sustainable growth.

This commitment is reflected in recent initiatives such as the Omi Eko Project, a €410 million Lagos State effort to modernise the city’s water transportation system through a network of safe, environmentally friendly, and efficient electric ferries.

Aig-Imoukhuede also underscored the potential of the creative sector as a strategic growth industry for France and Nigeria. He referenced ongoing cultural collaborations, including Creation Africa and the Tate Modern “Nigeria Modernism” Exhibition, that continue to elevate Nigerian creativity on the global stage. He urged investors and financial institutions to view the creative economy as both a viable export industry and a key driver of national identity and influence.

Addressing global climate transitions, Aig-Imoukhuede emphasised the need for expanded collaboration in renewable energy. He noted that France’s leadership in green technology, paired with Nigeria’s abundant natural resources, positions both nations for impactful joint investments in solar, hydro, wind, and cleaner gas solutions.

He encouraged Summit participants to move beyond dialogue and deliver measurable milestones and sustainable outcomes that benefit both countries.

Aig-Imoukhuede reaffirmed the commitment of the FNBC, the Franco–Nigerian Chamber of Commerce and Industry, and Access Holdings Plc to fostering deeper commercial ties and long-term economic cooperation between France and Nigeria.

He expressed confidence that the Summit would catalyse stronger partnerships, increased investments, and shared prosperity.

 

Emadeb Petroleum Achieves First Oil from Ibom Field

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Emadeb Petroleum Exploration & Production Company Limited (Emadeb E&P) is proud to announce the achievement of first oil from the Ibom Field (PPL 236), marking another milestone in Nigeria’s upstream oil and gas industry.

Following sustained investment, technical rigour and collaborative effort, Emadeb E&P has commenced commercial production from Ibom Field.

This achievement underscores Emadeb E&P’s emergence as a fully integrated energy player and highlights the pivotal role of indigenous operators in advancing Nigeria’s energy security and economic diversification.

It also aligns with the Federal Government of Nigeria’s vision and aspiration to increase the nation’s crude oil production.

Ibom Field

Located approximately 30 kilometres offshore, Ibom Field was originally discovered in 1979. The field boasts significant in place volume of 103 million barrels of oil.

Since its acquisition in the 2020 Marginal Field Bid Round, Emadeb E&P has invested over $100 million in a phased field development programme. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) approved the Ibom Field Development Plan (FDP) in November 2024.

Key Technical Milestones

  • Successful drilling and completion of the Ibom-03 well in September 2023.
  • Integration of a Mobile Producing Offshore Unit (MOPU) completed in June 2025.
  • Commissioning of the Ibom Field Mooring System in September 2025.
  • First oil achieved in October 2025. 

Demonstrating Indigenous Capacity and Strategic Partnership

“This milestone reflects our deep commitment to unlocking Nigeria’s hydrocarbon potential through homegrown expertise, strong partnerships, and disciplined investment,” said Adebowale Olujimi, CEO, Emadeb E&P.

Olujimi declared: “We are proud to contribute to Nigeria’s energy goals, foster local content, create jobs, and deliver sustainable value.”

The Ibom Field development showcases effective collaboration between the private sector and government institutions and stands as a model for marginal field commercialisation and indigenous capacity development in the upstream sector.

The Ibom Field stands as a testament to what is achievable when strategic intent meets execution excellence.

Looking Ahead

Emadeb E&P is now preparing for Phase 2 development to drill two additional wells that will triple production by Q4 2026. The company remains focused on operational excellence, environmental stewardship, safety, and community engagement.

 

How Access Bank is Supporting Women Driving Africa’s Growth Story

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Across Africa, women are fast becoming the heartbeat of economic transformation. From bustling open-air markets to high-tech boardrooms, women-led enterprises are redefining what is possible for the continent’s future.

Whether as market traders expanding their reach through digital platforms, tech founders scaling innovations across borders, or artisans turning local crafts into global brands, women’s contributions are now central to Africa’s economic resurgence.

Even as they break new ground, many still face formidable barriers. Access to finance, mentorship, business education, and supportive networks remains limited.

Structural issues such as weak property rights, gender bias, and inadequate legal protections often hinder women from securing loans or expanding their businesses. Consequently, many women-owned ventures remain small, informal, and vulnerable to economic shocks.

Recognising both the promise and the obstacles, Access Bank has positioned itself at the forefront of empowering women across the continent. Recently named Africa’s Best Financier for Female Entrepreneurs by the EMEA Finance Awards, the Bank has earned global recognition for its commitment to inclusion, innovation, and sustainable impact.

At the centre of this effort is the W Initiative, one of Africa’s most comprehensive women-focused banking programmes. Unlike conventional banking, it combines finance with mentorship, training, and community support, acknowledging that true empowerment requires more than access to capital.

The initiative meets women wherever they are on their entrepreneurial journey, from start-ups to growing enterprises and corporate leadership.

The W Power Loan offers affordable credit with flexible terms, enabling women to invest in expansion, inventory, or technology.

The W Academy provides leadership and business training on financial literacy, marketing, and regulatory compliance, while the W Community connects women to peers, mentors, and role models across industries.

Importantly, these offerings extend beyond urban centres. From microloans sustaining traders in rural markets to leadership programmes developing female executives in multinational firms, Access Bank’s approach is deliberately inclusive.

By partnering NGOs, business associations, and government agencies, it reaches women in underserved communities, ensuring participation in Africa’s economic rise.

The results are evident. Thousands of women have accessed credit, training, and networks through the Bank’s initiatives, enabling them to launch and scale businesses, create jobs, and uplift their communities. The ripple effects are far-reaching: increased household income, improved family wellbeing, and greater economic resilience. Women who once faced daunting barriers now serve as role models and change-makers, inspiring others to follow their path.

Studies show that when women thrive, societies prosper. The World Bank and African Development Bank note that empowering women fuels GDP growth, improves health outcomes, and enhances social stability. By directly addressing structural gaps in access to finance and information, Access Bank helps to unlock this transformative potential.

Apart from supporting entrepreneurs, Access Bank promotes gender inclusion within its own organisation. Its leadership pipeline identifies and advances talented women, while mentorship and wellness programmes help female professionals thrive.

The Bank also uses public platforms, from conferences to policy dialogues, to share success stories and advocate for gender diversity across sectors.

The EMEA Finance recognition thus goes beyond trophies and titles; it affirms that profitability and purpose can coexist. For Access Bank, supporting women’s advancement is smart economics. By embedding inclusion into its DNA, the Bank is shaping a financial ecosystem that views women as equal partners in progress.

Access Bank’s influence also extends into advocacy. Through forums, roundtables, and research collaborations, the Bank engages policymakers, civil society, and business leaders to identify and dismantle barriers facing women entrepreneurs. Its campaigns amplify women’s voices, spotlighting their achievements and driving conversations around inclusive growth.

Fidelity Bank Grows Gross Earnings by 46% to ₦748.7 bn for H1 2025

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Fidelity Bank Plc has announced its audited financial results for the half-year ended 30 June 2025, demonstrating resilience and sustained growth across key performance indicators.

Highlights of the financial results which was uploaded on the Nigerian Exchange (NGX) portal on Thursday, November 13, 2025 shows that the bank delivered robust results across key financial metrics including Gross Earnings, which stood at ₦748.7 billion, up from ₦512.9 billion in H1 2024; Net Interest Income, which rose to ₦420.4 billion, compared to ₦326.4 billion in H1 2024; and Customer Deposits, which grew to ₦7.2 trillion, from ₦5.9 trillion in FY 2024.

Similarly, the bank’s Net Revenue increased to ₦444.4 billion, compared to ₦396.8 billion in H1 2024.

Fidelity Bank continued to expand its digital banking footprint, enhance customer experience, and support key sectors of the economy.

The bank’s loan book grew, with Net Loans and Advances expanding to ₦4.9 trillion, up from ₦4.4 trillion in FY 2024, reflecting increased support for businesses and individuals. Asset quality remained stable, with non-performing loans well within acceptable limits.

The bank’s capital raising initiatives have further strengthened its financial position, ensuring readiness to meet new regulatory requirements and pursue growth opportunities. Fidelity Bank’s strong liquidity profile and robust governance framework provide a solid foundation for continued success.

Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

The Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine.

Additionally, the Bank was recognised as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

COP30: Green Digital Action Hub to Accelerate Innovation for a Sustainable Future

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A coalition of international partners announced the creation of the Green Digital Action Hub (GDA Hub), a new cooperation platform to harness technology innovation against climate change, anchored in Brazil as a legacy of the 30th UN Climate Change Conference, COP30.

Unveiled on COP30’s opening day, the hub is set to become the nerve centre of Green Digital Action, a partnership kicked off by the International Telecommunication Union (ITU) with leading tech organisations at COP28 in 2023.

Designed to accelerate the integration of digital technologies and sustainable development, the new hub aims to drive sustainability within and beyond the tech sector, with a strong focus on the Global South.

The GDA Hub will provide tools, expertise, and data to help nations scale up green technologies, reduce environmental footprint of technology and ensure access to sustainable digital solutions for all. The new hub builds on the COP29 Declaration on Green Digital Action, endorsed by 82 countries and nearly 1,800 companies and organisations last year.

Doreen Bogdan-Martin, ITU Secretary-General: “Digital technologies are some of the most powerful tools we have to create sustainable solutions on a truly global scale. The Green Digital Action Hub offers a unique space for governments, industry, and stakeholders to work together, and ensure that digital innovation delivers real, tangible benefits for communities everywhere.”

Michelle Gyles-Mcdonnough, UNITAR Executive Director: “The Green Digital Action Hub provides a unique opportunity to bridge science, policy, and capacity development for sustainable digital transformation. By linking data-driven insights with hands-on training, we aim to help countries accelerate responsible digital innovation that supports both climate goals and circular economy transitions.”

FG Reassures Investors, Pledges Balanced Capital Gains Tax Outcomes as NGX Lists MREIF

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Nigerian Exchange (NGX) today hosted the Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, at the Closing Gong Ceremony to commemorate the listing of the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF) Series 2.

The event underscored the capital market’s pivotal role in national development, particularly in addressing Nigeria’s housing deficit.

The listing took place against the backdrop of cautious trading in the equities market, as investors recalibrate portfolios in response to geopolitical tensions arising from the US–Nigeria diplomatic standoff, the proposed Capital Gains Tax (CGT), year-end portfolio rebalancing, and expectations of window-dressing by institutional players.

While liquidity remains robust, analysts emphasise that aligning fiscal policy with investor expectations is critical to sustaining confidence and deepening long-term market participation.

Temi Popoola, Group Managing Director/Chief Executive Officer, NGX Group, reaffirmed the capital market’s role as a catalyst for inclusive growth and called on the Federal Government to ensure balanced outcomes in the implementation of the Capital Gains Tax.

“The capital market is not only a platform for attracting investment but also a tool for creating wealth for Nigerians. Policies such as the capital gains tax must be carefully designed to balance government revenue objectives with investor confidence and market growth. NGX Group remains committed to supporting the Renewed Hope Agenda by channeling private capital into initiatives that deliver sustainable, long-term impact.”

Responding, Mr. Wale Edun assured stakeholders that the Federal Government has noted the concerns around Capital Gains Tax and remains committed to ongoing consultation with the market. “We have noted the concerns around Capital Gains Tax and will continue to engage with the capital market to ensure any decisions deliver optimal outcomes for both Nigerians and the market. At ₦100 per unit, MREIF allows ordinary Nigerians to participate in savings and investment, leveraging local resources to grow our economy, especially in the housing sector.”

The ceremony also highlighted the strength of collaboration between the Federal Government, MOFI, and the private sector in mobilising innovative financing for housing.

Ahonsi Unuigbe, Chairman, NGX, described the listing as a “defining step toward transforming Nigeria into a leading economy that ensures shared prosperity for all Nigerians.”

In his remarks, Jude Chiemeka, CEO, NGX, said MREIF demonstrates how the capital market can deliver practical solutions to national challenges: “By channeling private capital into housing, we are creating opportunities for long-term investment and wealth creation while addressing Nigeria’s housing deficit.”

Dr. Armstrong Ume Takang, Managing Director/CEO, MOFI, added: “MREIF provides long-term, low-cost mortgage financing to make homeownership a reality for millions of Nigerians, stimulating local economies across the housing value chain.”

The Closing Gong Ceremony positioned MREIF as a model for inclusive economic growth, illustrating how institutional capital can drive both financial stability and social impact. With over 1,000 mortgages already disbursed, the initiative continues to expand middle-class wealth and deepen Nigeria’s capital market.

Polaris Bank Wins MSME Digital Bank of the Year Award for Inclusive Growth

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L-R: Ladi Ene Garba, Head, Commercial Banking, Polaris Bank; Njideka Nwabueze, Head, Retail Banking, Polaris Bank; Abubakar Usman Bello, the Executive Director, North & Public Sector, Keystone Bank and Mathew Oji, Product Strategy, Polaris Bank at the MSME Digital Bank award ceremony in Lagos recently.

Polaris Bank has once again reaffirmed its leadership in digital innovation and inclusive banking, emerging as the MSME Digital Bank of the Year (Inclusive Growth) at the second edition of the MSME Finance & CEO Awards held recently in Lagos.

The event, organised by the Africa Global Economic Forum BBBin partnership with PROSHARE, recognised outstanding institutions and other notable stakeholders driving MSME development and financial inclusion across Nigeria.

The award celebrates Polaris Bank’s unwavering commitment to empowering small and medium-scale enterprises through technology-driven financial solutions, notably its flagship digital banking platform, VULTe.

In the last few years, VULTe has revolutionised how MSMEs access finance by providing seamless, self-service banking and loan solutions — a reflection of the Bank’s mission to bridge financial access gaps and foster entrepreneurship nationwide.

This latest honour comes on the heels of VULTe’s recent win as “Digital Bank of the Year” and the Best MSME support Bank for the record fifth consecutive time at the 2025 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, underscoring Polaris Bank’s consistent digital excellence and customer-centric innovation.

Speaking on the award, Polaris Bank’s Managing Director/CEO, Mr. Kayode Lawal, noted that the recognition reinforces the Bank’s strategic focus on inclusive growth and digital transformation.

“We are committed to building a future where technology and innovation empower businesses and individuals, particularly MSMEs, to thrive in the digital economy,” he said.

With a growing footprint in digital banking and sustainable finance, Polaris Bank continues to demonstrate leadership in enabling access to financial services that drive entrepreneurship, job creation, and national economic growth.

 

Fidelity Bank Extends Lifeline to Makoko Community

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L-R: Proprietor, Part of Solution School, Makoko, Prince Shemede Taiwo; Team Lead, CSR, Fidelity Bank Plc, Victoria Abuka; Traditional Leader of Makoko Community, Shemede Emmanuel Ajaka; Head, HR Business Partnerships & Communication, Fidelity Bank Plc, Nwamaka Kalu; and Class Governor, Achievers’ Inductees Class, Fidelity Bank Plc, Oluwabusayo Obagunwa, during the Fidelity Helping Hands Program (FHHP) outreach and donation of food items and other relief materials to residents of Makoko, Lagos.

In a demonstration of its commitment to corporate social responsibility, leading financial institution, Fidelity Bank Plc, has extended support to residents of the Makoko waterfront community in Lagos with the donation of boats, educational materials, food items and other essential relief items.

The donation was championed by the Achievers Inductees Class of 2025 under the Fidelity Helping Hands Programme (FHHP), the bank’s staff-led CSR initiative where members of staff identify areas of critical interventions in their communities, raise funds and receive matching support from the bank’s management to execute the projects.

Speaking on the donation, Divisional Head, Brand and Communications, Fidelity Bank Plc, Dr. Meksley Nwagboh, reaffirmed the bank’s dedication to supporting communities and fostering sustainable development.

“At Fidelity Bank, we believe that when communities thrive, businesses prosper. Our commitment goes beyond banking, it is about improving lives, supporting education, and creating opportunities for growth. This donation reflects our dedication to nurturing the next generation and contributing to a better, more sustainable future,” He stated.

Expressing appreciation on behalf of the community, the traditional leader of Makoko, Baale Shemede Emmanuel Ajakaekun, commended Fidelity Bank for its compassionate donation.

“We are grateful that Fidelity Bank came down here to support us. May their work continue to flourish, and may God lift them higher. We hope they will not forget us but come back again to support our people,” he said.

Similarly, the Proprietor, Part of Solution Orphanage, Nursery and Primary School, Shemede Taiwo, described the donation as life-changing for the children and residents.

“Many children here struggle to attend school because boats are expensive to build or hire. Fidelity Bank’s donation will make a huge difference in ensuring our children get to school safely and in ensuring the improved welfare of the residents of this community. We truly appreciate this gesture,” Shemede Taiwo said.

Through the Fidelity Helping Hands Programme (FHHP), the bank continues to empower communities across Nigeria by addressing key social issues in education, health, and welfare. The Makoko outreach comes off the back of a similar FHHP outreach to Old People’s Home in Yaba, Lagos, reaffirming Fidelity Bank’s commitment to the sustainable development that begins with genuine care for people and their environment.

Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

The Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine.

Additionally, the Bank was recognised as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.