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Stanbic IBTC FUZE Talent Show 2025 unveils Amy Aghomi as New Fashion Judge

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The Stanbic IBTC FUZE Talent Show 2025, themed “The Ultimate Show”, has announced the appointment of Amy Aghomi as its new fashion judge, bringing fresh expertise and perspective to the panel.

Amy is celebrated for her bold, original vision and her dedication to elevating African fashion. Her brand is known for luxury craftsmanship, bridal couture, and red-carpet designs that blend modernity with cultural heritage.

Over the years, she has styled some of Nigeria’s most iconic looks, among them, Mercy Eke’s crystal-encrusted “Diamond and Water” gown at AMVCA 2025, Faith Morey’s dramatic 3D floral couture at the Real Housewives of Lagos Reunion, and Chioma and Davido’s custom wedding outfits at #Chivido2025. She has also designed for celebrities like Sharon Ooja, Toni Tones, and Chioma Good Hair, while her recent collection, “Water to Wine”, showcased her evolution as a creative force. Her work has earned her awards, including La Mode’s Women’s Wear Designer Brand of the Year (2022) and Gleams Best Fashion Designer of the Year (2024).

Joining her on the judging panel are Korede Bello (Music), Don Flexx (Dance), and Akinwande Akinsulire (Tech), all returning judges whose expertise continues to enrich the competition. Back for another electrifying season, the Stanbic IBTC FUZE Talent Show 2025 welcomes celebrated actor and media personality Akah Nnani as host for the third consecutive year, bringing his signature energy, wit, and charisma to a show that continues to spotlight Nigeria’s finest creative talents.

As the countdown to the show begins, all eyes will be on Amy Aghomi and her fellow judges as they embark on this journey of talent discovery. The FUZE Talent Show 2025 promises to be an unforgettable celebration of Nigeria’s next generation of stars, continuing the legacy of fostering creativity and originality in the entertainment industry.

Stay tuned for “The Ultimate Show” and witness how these judges will guide and inspire participants in their artistic endeavours.

 

 

When Transparency Becomes Luxury: INEC and ₦1.5bn FOI Controversy

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By Chike Walter Duru

When the Independent National Electoral Commission (INEC) recently demanded a staggering ₦1.5 billion from a law firm for access to the national register of voters and polling units, many Nigerians were left bewildered.

The request was made under the Freedom of Information (FOI) Act, 2011 – a law designed to make public records accessible, not to commercialise them. INEC’s justification, couched in legalese and bureaucratic arithmetic, raises a deeper question: Is Nigeria’s electoral umpire genuinely committed to transparency and accountability?

At the heart of this controversy is a simple statutory principle. Section 8(1) of the Freedom of Information Act clearly stipulates that where access to information is granted, the public institution may charge “an amount representing the actual cost of document duplication and transcription.” The framers of this law envisioned modest fees; not financial barriers.

INEC, however, appears to have stretched this provision beyond reason. By invoking its internal guideline of ₦250 per page, the Commission arrived at the colossal figure of ₦1,505,901,750 for 6,023,607 pages – supposedly the total pages needed to print the entire national voters’ register and polling unit list. It is a mathematical exercise that may be sound on paper, but absurd in context and intent.

Let us be clear: transparency is not a privilege that comes with a price tag. It is a fundamental right. The Freedom of Information Act exists precisely to ensure that institutions like INEC cannot hide behind bureaucracy or cost to deny citizens access to information that belongs to them.

INEC’s justification, however elaborate, falls flat against the law’s overriding provisions. Section 1(1) of the FOI Act affirms every Nigerian’s right to access or request information from any public institution. More importantly, Section 1(2) establishes that this right applies “notwithstanding anything contained in any other Act, law or regulation.” This means that no internal guideline, regulation, or provision of the Electoral Act can supersede the FOI Act, within the context of access to information.

By relying on Section 15 of the Electoral Act 2022 and its own “Guidelines for Processing Certified True Copies,” INEC seems to have elevated its internal processes above a federal statute – a position that is both legally untenable and administratively misguided.

Civil society organisations have rightly condemned INEC’s response. The Media Initiative Against Injustice, Violence and Corruption (MIIVOC) called the fee arbitrary and unlawful, while the Media Rights Agenda (MRA) described it as a deliberate attempt to frustrate legitimate requests under the FOI Act.

These reactions are not misplaced. Charging ₦1.5 billion for public records is tantamount to weaponising cost – turning what should be a transparent process into a pay-to-play system.

The Attorney-General of the Federation’s FOI Implementation Guidelines pegged the standard charge for duplication at ₦10 per page. Even at that rate, printing the same documents would not amount to anything close to ₦1.5 billion. Moreover, in an age of digital data, it is difficult to believe that the only way INEC can share information is through millions of printed pages.

It is worth noting that the National Register of Voters is a digital database – already compiled, stored, and backed up electronically. The polling unit list is also digitised and publicly available. What, then, justifies this astronomical fee?

Democracy thrives on openness. The credibility of any electoral body depends not just on the conduct of elections, but also on the degree of public confidence in its processes. If the cost of accessing basic electoral data runs into billions, how can civil society, researchers, or ordinary citizens participate meaningfully in democratic oversight?

The African Commission on Human and Peoples’ Rights’ Guidelines on Access to Information and Elections in Africa (2017) are explicit: election management bodies must proactively disclose essential electoral information, including voters’ rolls and polling unit data. Nigeria, as a signatory to this framework, is obligated to promote – not restrict access to such information.

By placing financial barriers in the way of public access, INEC risks undermining not only its own credibility but also Nigeria’s broader democratic integrity. Transparency should not be a privilege of the rich or the powerful. It should be a right enjoyed by all.

This incident presents an opportunity for reflection and reform. INEC must immediately review its internal cost guidelines for information requests and align them with the FOI Act and the Attorney-General’s Implementation Guidelines. More importantly, it should embrace proactive disclosure by publishing the national register of voters and polling units in digital formats that are freely accessible to the public.

There is no reason why information already stored electronically should require billions to access. Doing so not only contravenes the spirit of the FOI Act but also erodes public trust in the Commission’s commitment to open governance.

Access to information is the lifeblood of democracy. It empowers citizens to hold institutions accountable and ensures that governance remains transparent. INEC’s ₦1.5 billion charge is not merely excessive; it is a dangerous precedent that could embolden other public institutions to commercialize public data and silence scrutiny.

If Nigeria must advance its democratic gains, the culture of secrecy and bureaucratic obstruction must give way to openness and accountability. INEC should lead that transformation, not stand in its way.

The Commission owes Nigerians not just elections, but the truth, transparency, and trust that sustain democracy.

Dr. Chike Walter Duru is a communications and governance expert, public relations strategist, and Associate Professor of Mass Communication.

He chairs the Board of the Freedom of Information Coalition, Nigeria. Contact: [email protected].

Unity Bank Corpreneurship Challenge Beneficiaries Hit 578 as 30 More Winners Emerge

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No fewer than 578 young entrepreneurs across Nigeria have benefitted from Unity Bank’s Corpreneurship Challenge — the Bank’s flagship entrepreneurial development initiative launched a few years ago.

Over this period, the Bank has invested in supporting budding entrepreneurs across multiple sectors to start businesses, create jobs, and contribute to Nigeria’s economic growth.

The ongoing initiative recently produced 30 new winners, who received a total grant of ₦16 million during the Batch B, Stream II edition of the National Youth Service Corps (NYSC) orientation course, held across 10 states of the federation.

The winners, innovative young entrepreneurs developing solutions across various value chains such as fashion design, bag making, pastry and beverage production, event management, and vegetable farming, emerged after pitching their business ideas during the challenge at NYSC Orientation Camps in Lagos, Delta, Kaduna, Jigawa, Kwara, Benue, Abia, Kogi, Rivers, and Plateau States.

At the NYSC Orientation Camp in Ipaja, Lagos State, Fiyinfoluwa Titilayo Ojo, who pitched a soap-making enterprise, emerged the overall winner to clinch the ₦800,000 grand prize. Ndukwe Chiamaka Joan, with her innovative Small Chops business proposal, claimed ₦500,000 as first runner-up, while Barakat Modinat Olamide secured ₦300,000 to support her beverage-making venture.

Expressing her excitement after emerging as the overall winner in Lagos, Fiyinfoluwa Titilayo Ojo described the experience as life-changing, stating, “I’m truly grateful to Unity Bank for this opportunity. Winning the Corpreneurship Challenge has given me the push and confidence I needed to scale my soap-making business. Beyond the grant, the experience taught me how to structure my business better and believe in its potential. It’s amazing to see a bank that genuinely invests in young people’s dreams.”

Across the remaining nine states, 27 other winners also emerged after pitching diverse business ideas ranging from fish and poultry farming to printing, piggery, and cake production.

Over the past six years, the Unity Bank Corpreneurship Challenge has become an integral part of the NYSC programme, aligning with the Federal Government’s drive to upskill young graduates and promote entrepreneurship amid the scarcity of white-collar jobs. Each edition attracts thousands of entries from corps members whose business plans are evaluated for originality, marketability, job creation potential, and overall business acumen.

Speaking during the grand finale in Lagos, Unity Bank’s Divisional Head, Retail & SME, Mrs. Adenike Abimbola, reaffirmed the Bank’s commitment to empowering Nigerian youth through enterprise. She said:

“At Unity Bank, we believe that the energy and creativity of young Nigerians are vital to the nation’s economic transformation. The Corpreneurship Challenge is our way of nurturing this potential — by giving corps members the financial boost, mentorship, and confidence to turn their ideas into thriving businesses. Seeing over 578 young entrepreneurs already impacted motivates us to keep expanding the initiative and deepening our support for the SME ecosystem.”

The Corpreneurship Challenge has earned Unity Bank national recognition for its role in youth empowerment and job creation, attracting over 2,000 applicants per edition.

In partnership with the NYSC Skill Acquisition and Entrepreneurship Development (SAED) programme, the initiative continues to serve as a launchpad for youth-owned enterprises, offering grants of up to ₦800,000 to help corps members turn their business dreams into reality.

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Polaris Bank Reinforces Commitment to Exceptional Customer Experience at Global Trade Forum in Ibadan

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Chris Ofikulu, Executive Director, Retail & Commercial Banking, Polaris Bank Limited with some Customers at the South West Trade Forum sponsored by the bank.

Polaris Bank has reaffirmed its commitment to delivering exceptional customer experience through deeper engagement and partnership with its clients. This was demonstrated last Thursday when the Bank hosted a successful Global Trade Forum in Ibadan, bringing together key stakeholders in the South-West region and valued customers to explore growth opportunities and strengthen collaborations.

The hugely attended Trade Forum was graced by the Executive Director, Retail and Commercial Bank, Chris Ofikulu, who expressed heartfelt appreciation to attendees for their participation and continued support.

In his opening remarks, Ofikulu warmly welcomed participants, particularly those who traveled from Kwara, Osun, Ogun, Ekiti, Ondo, and various parts of Ibadan. “Your presence here today reflects the deep trust and strong partnership and bond you share with Polaris Bank. We sincerely appreciate your continued support,” he said.

He further noted that the event aligns with the Bank’s ongoing efforts to deliver exceptional customer experience and enhance engagement with clients across regions. “This forum is part of our broader mission to deepen customer relationships and ensure that you experience Polaris Bank not just as a financial institution, but as a true partner in your success. We want every interaction you have with us to reflect excellence, empathy, and innovation,” Ofikulu stated.

He also highlighted that the timing of the forum coincided with the just-concluded Customer Service Week, which celebrates customers’ loyalty and trust. “It is only fitting that we use this opportunity to celebrate you, our customers. Today’s session is about listening, learning, and growing together. Your feedback continues to shape how we innovate and deliver value,” he added, officially opening the forum.

Bukola Oluyadi, Group Head of Customer Experience and Value Management, also addressed the forum, emphasising Polaris Bank’s commitment to understanding customers’ needs and empowering businesses. “Our vision is to be the preferred partner, and our mission is to empower your enterprises. We are here today to explore how we can continue to support your growth,” Oluyadi noted.

Ayo Adesanya, Ag. Divisional Head, Operations, spoke on the Bank’s operational services, particularly in trade facilitation. He discussed how Polaris Bank assists customers by verifying trade documents and offering payment services at minimal percentage costs. “We are committed to simplifying the trading process for our customers by ensuring that documents are properly verified and offering the option to pay on your behalf for a small fee,” Adesanya explained.

Anthony Anichebe, Sector Lead, Agric Exports, Manufacturing and General Commerce, delivered a keynote address on exports, underscoring the Bank’s role in supporting African businesses.

He highlighted the importance of exports to Nigeria’s economy and how Polaris Bank provides tailored financial solutions to foster growth in the sector. “Exports are key to the diversification of our economy, and Polaris Bank is here to support your export initiatives with solutions that help you navigate international trade,” Anichebe stated.

Olayemi Agbe Davies, Head of Treasury at Polaris Bank, provided an economic overview, noting positive trends in the Nigerian economy such as improved oil production, gradual inflation slowdown, and growing foreign reserves. “The outlook is promising, and Polaris Bank is here to support your business through trade finance, treasury solutions, and currency management,” he added.

Additionally, Olaleye Arinola, the Trade Services Officer, spoke on the Pan African Payment and Settlement System (PAPSS), a groundbreaking initiative designed to simplify cross border payments within Africa. “PAPSS allows businesses to make payments in local currencies, eliminating conversion costs and supporting intra African trade. It is fast, secure, and designed to promote business growth across the continent,” Olaleye explained.

The Global Trade Forum provided a unique opportunity for Polaris Bank customers to engage directly with bank leaders, gain valuable insights, and explore new avenues for business growth. Polaris Bank remains committed to strengthening relationships, enhancing customer experience, and empowering its customers to thrive in the global marketplace.

Fidelity Bank Bags Awards for Best Export, Trade Support and Innovation

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Fidelity Bank’s market leadership has been affirmed once again as the tier-one lender bagged double honours at the BusinessDay Bank and Other Financial Institutions’(BAFI) Awards 2025.

At the awards ceremony, which in Lagos, Fidelity Bank was presented with the awards for the “Best Bank for Export & Trade Finance” and “Most Innovative Bank of the Year”.

Dedicating the Export and Trade Finance Award to its customers, the Managing Director/Chief Executive Officer, Fidelity Bank Plc, Dr Nneka Onyeali-Ikpe, who was represented by the Executive Director/Chief Operations and Information Officer, Stanley Amuchie, said: “This recognition underscores our unwavering commitment to promoting non-oil exports and supporting Nigerian businesses to compete globally through initiatives such as the Fidelity International Trade & Creative Connect (FNITCC) and the Export Management Programme (EMP).

“I dedicate this award to all our exporters who continue to showcase the best of Nigeria to the world, our loyal customers, and our partners for their steadfast support.”

The BAFI Awards is the benchmark of distinction for institutions in the Nigerian financial services sector. Now in its 12th year, the awards recognise and celebrate organisations that are excelling in the delivery of financial services in Nigeria. The award acknowledges organisations demonstrating leadership, vision and impact in driving Nigeria’s growth trajectory.

Fidelity Bank’s recent recognition is attributed to significant accomplishments over the past twelve months. Notable milestones include the inauguration of the first privately constructed onshore oil export terminal in Nigeria in fifty years at the Otakikpo Marginal Field, which was funded by Fidelity Bank and commissioned by President Bola Ahmed Tinubu last week.

Additionally, the Bank launched the Fidelity SME Hub, a multipurpose facility designed to support small businesses through innovation, collaboration, and capacity-building initiatives.

Furthermore, Fidelity Bank organized the third edition of the Fidelity Nigeria International Trade & Creative Connect (FNITCC) in Atlanta, Georgia, USA, in September 2025. This event provided local businesses with opportunities to engage in deal rooms with U.S. buyers, including prominent retailers such as Walmart and Target, fostering potential partnerships.

“The innovation award is a special one for us as it validates our continued drive to enhance operational efficiency, elevate customer experience, and strengthen business performance. We sincerely appreciate BusinessDay Media for this recognition and reaffirm our commitment to introducing more impactful innovations that empower our customers and advance the Nigerian financial services industry”, commented Amuchie.

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating Office (NASSCO); Niyi Onifade, MD/CEO, Heirs Life Assurance and the Group’s Sector Head; Bernice Michael, 1st Runner Up; Rhema-Love Abraham, Winner, 2025 Heirs Insurance Essay Championship; Afopefoluwa Tofio-Jacobs, 2nd Runner Up; Okpe James Chidi, Winner, Teachers’ Insurance Awareness Prize; Wole Fayemi, MD/CEO, Heirs General Insurance and James Akpan, Head, Technical, Heirs Insurance Brokers.

Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has announced the winners of the 4th edition of the Heirs Insurance Essay Championship, a nationwide competition promoting financial literacy and academic excellence among secondary school students and educators.

The grand finale, held at the Transcorp Hilton Hotel, Abuja, brought together students, parents, and academic leaders for a celebration of knowledge and creativity. This year’s edition, which attracted over 5,000 entries from junior secondary school students nationwide, was anchored on the topic “The Role of Insurance in Keeping Families Safe and Secure”.

After a rigorous evaluation process by a distinguished panel of academic professionals, independently verified by Deloitte & Touche, 13-year-old Rhema-Love Abraham of Precepts Learning Field, Lagos, emerged as the overall winner, earning a ₦5 million scholarship and a ₦1 million grant for her school.

Bernice Michael of S-TEE High School, Lagos, claimed the second-place position, winning a ₦2 million scholarship, while Afopefoluwa Tofio-Jacobs of D-IVY College, Ogun State, took third place, receiving a ₦1 million scholarship.

This year, Heirs Insurance introduced the inaugural Teachers Prize, to honor teachers promoting insurance awareness within their schools and communities. This initiative was created to democratise access to insurance literacy, working collaboratively with teachers and educators.

Mr. Okpe James Chidi, a teacher at Urban Secondary School, Umuna Orlu, Imo State, emerged as the winner of the Teachers’ Insurance Awareness Prize, with a personal award of ₦1 million cash prize, and a ₦500,000 grant for his school. His project, which deepened students’ understanding of financial literacy and insurance, was praised for its innovation, reach, and measurable impact.

Speaking at the ceremony, Niyi Onifade, Sector Head, Heirs Insurance Group, commended all the participants for their creativity and drive, emphasising the Group’s commitment to nurturing future leaders through education.

He said: “We are proud of every student and teacher who participated in this year’s Essay Championship. Their creativity, curiosity, and dedication reflect the future we envision for our nation; one built on knowledge, innovation, and resilience. At Heirs Insurance Group, we believe financial literacy is a powerful tool for empowerment and transformation”.

The Heirs Insurance Essay Championship is a flagship Corporate Social Responsibility (CSR) initiative of Heirs Insurance Group, created to build awareness of insurance literacy and critical thinking among young Nigerians.

The introduction of the Teachers’ Insurance Awareness Prize further demonstrates the Group’s commitment to advancing insurance education and promoting financial inclusion at every level of society.

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

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In a strategic move to advance Nigeria’s shift toward sustainable transportation, Stanbic IBTC Bank has announced a partnership with LOXEA Nigeria, the exclusive distributor of BYD electric and hybrid vehicles in Nigeria and a subsidiary of CFAO Mobility.

This collaboration is aimed at making eco-friendly mobility more accessible to Nigerians through innovative and flexible financing solutions, reinforcing both organisations’ commitment to renewable energy and environmental sustainability.

The partnership was officially launched at an exclusive product showcase held at the BYD showroom in Victoria Island, Lagos. Attendees had the opportunity to explore BYD’s cutting-edge electric vehicle models, engage with industry experts, and learn about tailored vehicle financing options from Stanbic IBTC. To encourage early adoption, the initiative includes one-month special incentives, such as vendor discounts and reduced interest rates on vehicle financing.

The event featured compelling addresses from executives of both organisations, highlighting their shared vision for a cleaner, more efficient transport ecosystem in Nigeria.

Olu Delano, Executive Director at Stanbic IBTC Bank, stated: “This alliance underscores our dedication to empowering Nigerians with green alternatives that not only address environmental concerns but also offer practical, cost-effective solutions for everyday mobility. By combining LOXEA BYD’s innovative electric and hybrid vehicles with our flexible financing, we are not just offering cars, we are driving a cleaner future.”

Mehdi Slimani, Managing Director of LOXEA Nigeria, added: At LOXEA, we are proud to lead the transition toward cleaner mobility in Nigeria. Distributing BYD’s cutting-edge electric vehicles, along with our comprehensive suite of fleet and mobility solutions, allows us to offer a truly future-ready alternative. This partnership with Stanbic IBTC is a significant step forward in making electric mobility more accessible and practical for Nigerian drivers. Together, we are not just introducing new vehicles, — we are shaping a smarter, greener transportation ecosystem.”

The event sparked enthusiasm among attendees from various sectors, reflecting growing interest in sustainable automotive solutions. Models like the BYD ATTO 3 and BYD Dolphin were showcased as practical options for urban mobility, offering reduced reliance on fossil fuels, lower operational costs, and a smaller environmental footprint.

Looking ahead, this partnership positions Stanbic IBTC Bank as a key enabler of Nigeria’s renewable energy transition, expanding access to sustainable transport for a broader audience. Through strategic collaborations like this, the bank continues to drive innovation in financial services tailored to eco-conscious consumers.

 

 

CBN, Bank of Angola Sign MoU on Technical Co-operation at IMF/World Bank Meeting

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In an effort to enhance bilateral cooperation and technical exchange, the Central Bank of Nigeria (CBN) and the Bank of Angola, on the sidelines of the ongoing Annual meetings of the IMF and World Bank, signed a Memorandum of Understanding (MOU) for bilateral technical cooperation on Thursday, October 16, 2025.

The agreement, which was signed by the CBN Governor, Olayemi Cardoso, and his counterpart from the Central Bank of Angola, Mr Manuel Antonio Tiago Diaz, is expected to promote knowledge exchange, improve regulatory coordination, and enhance capacity in the execution of central banking functions.

Speaking at the signing, moderated by the CBN Deputy Governor (Economic Policy), Dr. Mohammed Sani Abdullahi, and attended by senior officials of both banks, the CBN Governor, Cardoso, described the MoU as a “timely and significant milestone” in fostering regional cooperation among African central banks.

He noted that the agreement had been in the works for some time and reflected the growing understanding that collaboration was essential to addressing Africa’s shared economic challenges.

“This forum brings together a multiplicity of stakeholders and interests from across the globe, and what we’ve done today highlights the spirit of cooperation that defines these annual meetings.”

Cardoso emphasised that the pact was in line with the CBN’s strategy to promote regional stability, support cross-border financial integration, and build institutional resilience across Africa.

“This agreement gives us the opportunity to strengthen regional understanding, share experiences, and build a more interconnected and robust financial system,” he added.

Speaking earlier, the CBN Deputy Governor (Economic Policy), Dr. Muhammad Sani Abdullahi, explained that the MoU provides a structured framework for both central banks to share knowledge, technical expertise, and supervisory information.

He said the objectives of the agreement include establishing a bilateral platform for reciprocal exchange of technical assistance, enhancing capacity development, and fostering collaboration in the supervision of financial institutions that operate across borders.

Abdullahi outlined several key areas of cooperation under the MoU, including exchange control, management of financial markets and foreign reserves, currency management, economic research, and monetary and financial statistics.

Others include payment systems, financial sector development, banking regulation, cybersecurity, anti-money laundering and counter-financing of terrorism (AML/CFT), and staff training.

He also highlighted the agreement’s focus on ensuring a transparent and smooth exchange of information between the two central banks, particularly in the licensing, ongoing supervision, and resolution of cross-border financial establishments.

“The cooperation will strengthen our capacity to manage systemic risks and ensure stability in our financial sectors,” Abdullahi said. “It also provides a platform for shared learning and innovation in central banking operations.”

In his remarks, the Governor of the Bank of Angola, Mr Manuel Tiago Dias, described the MoU as an important step toward building stronger financial ties between the two countries and, by extension, among African nations.

He observed that both central banks share common objectives of promoting macroeconomic stability, developing efficient payment systems, and safeguarding their financial sectors against global vulnerabilities.

NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

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Nigeria’s headline inflation rate fell for the sixth consecutive month in September, easing to 18.02 percent, its lowest level in three years. according to new data released by the National Bureau of Statistics (NBS). Core inflation slowed to 19.53 percent, while food inflation moderated to 16.87 percent over the same period.

The sustained decline marks a significant reversal from the inflationary peak of 34.19 percent in June 2024, reflecting the impact of the Central Bank of Nigeria’s (CBN) decisive monetary policy actions to restore price stability and anchor expectations.

In response to those pressures, the CBN raised its Monetary Policy Rate (MPR) from 18.75 percent to 27.50 percent through a sustained tightening cycle, while increasing the Cash Reserve Ratio (CRR) to 50 percent for commercial banks and 16 percent for merchant banks.

At its September 2025 meeting, the Bank eased slightly, lowering the MPR by 50 basis points to 27.00 percent and the CRR for commercial banks to 45 percent, while maintaining a firm anti-inflationary stance.

Monetary tightening was complemented by reforms in the foreign exchange market, including exchange rate unification and enhanced transparency to improve price discovery in the market.

The naira has since stabilised, with the spread between the official and Bureau de Change (BDC) rates narrowing to below 2 percent. Improved liquidity in the FX market has helped reduce the pass through of imported inflation and reinforced price stability.

Foreign reserves remain above $43 billion, providing more than eleven months of forward import cover, supported by sustained forex inflows.

The CBN said it remains committed to strengthening the disinflation trend, supported by a combination of exchange rate stability, durable improvements in food supply, and continued moderation in petroleum product prices.

Governor of the CBN, Mr. Olayemi Cardoso, at the ongoing Annual meetings of the International Monetary Fund and the World Bank Group, stated: “We expect inflation to continue to trend downward in the near term, supported by tight monetary conditions, a stable naira, and increased food supply.”

 

 

NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

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The Nigerian University Pension Management Company (NUPEMCO) celebrated the 2025 Customer Service Week with a series of impactful events across Nigerian universities, aimed at deepening pension awareness, promoting client engagement, and celebrating service excellence.

The week commenced with an opening ceremony and workshop held at Ahmadu Bello University, Zaria, themed “A Critical Analysis of the Contributory Pension Scheme (CPS) and Its Impact on the Nigerian Worker.” The event drew over 300 participants, including academics, non-academics, pensioners, and university administrators. Professor Kamal Bello from the National Open University delivered the keynote address which provided a comprehensive review of the CPS and its implications for Nigerian workers. A panel discussion followed, where experts and practitioners further examined the scheme’s successes and challenges, offering perspectives on how to strengthen pension operations within the university system.

The week-long celebration concluded at the University of Lagos, where Professor Mukhtar Halliru from Bayero University Kano delivered the keynote address during the closing workshop.

One of the major highlights of the event was the announcement of the winners of the NUPEMCO National Essay Competition, open to students across all Nigerian universities, themed “Securing the Future: Why Pensions Matter for Every Nigerian Worker.”

According to Dr. Austen Sado, Team Lead of the Essay Competition Assessors, the competition received over 800 submissions, out of which 340 essays advanced to the final stage after rigorous screening based on the published guidelines. Six winners emerged, representing the six geopolitical zones of the country.

The top three winners were Torsen Saameer Kasmir (University of Jos, North Central), Odo Chidiebere Getrude (University of Nigeria Nsukka, South – East), and Amina Ali Bello (University of Maiduguri, North – East). The 4th to 6th positions were awarded to Mohammed Sani Musa (Abdullahi Fodio University of Science and Technology, North – West), Ita Mary-Kate Ikorr (University of Calabar, South South), and Israel Eze (University of Ibadan, South – West).

The winners received both cash and technology prizes — ₦500,000 and a tablet for the 1st prize, ₦350,000 and a tablet for the 2nd prize, and ₦200,000 and a tablet for the 3rd prize, with cash consolation prizes for the 4th to 6th winners.

NUPEMCO partnered with Huawei Technologies for the essay competition. A representative of Huawei, Mr. Olayemi Joseph, delivered a presentation highlighting Huawei’s educational initiatives and commitment to youth development.

As part of the collaboration, Huawei also provided Mobile Access Points to the universities of the top three winners, further supporting digital inclusion and access to learning resources.

Through these activities, NUPEMCO reaffirmed its commitment to enhancing pension literacy, promoting social responsibility, and fostering closer relationships with stakeholders within the Nigerian university system, while also recognizing the vital role of technology in advancing education and service delivery.

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Nigeria’s foremost advertising leader and Chairman of Troyka Holdings, Dr. Biodun Shobanjo, has been inducted into the Loeries Hall of Fame, becoming the first West African to receive the prestigious honour since the award’s inception in 2008.

The induction, announced at the 47th annual Loeries Awards ceremony held on Friday, 10th October 2025 in Cape Town, South Africa, celebrates Dr. Shobanjo’s visionary leadership, trailblazing contributions to marketing communications, and his role in building one of Africa’s most formidable creative and business institutions; the Troyka Group.

The Loeries Awards remain Africa and the Middle East’s most esteemed platform for recognising excellence, innovation, and creativity across the marketing communications landscape. The Loeries Hall of Fame is its highest individual accolade, reserved for exceptional leaders who have dedicated their careers to elevating creativity and professionalism in the marketing communications industry across the region. Dr. Shobanjo becomes the 16th recipient of the award, joining a distinguished circle of global industry figures.

For over four decades, Dr. Shobanjo has been a defining voice in the African marketing and communications industry. As the chairman of Troyka Holdings, the parent company of Insight Communications, Leo Burnett, Starcom Media Perspectives, All Seasons Zenith, Quadrant MSL, Digitas, Optimum Exposures, and Halogen Security Company, he has led a transformative movement that redefined the standards of creativity, strategy, and professionalism in West Africa.

Under his leadership, the Troyka Group evolved from a wholly indigenous enterprise into an internationally connected network, through its partnership with Publicis Groupe, the world’s largest marketing communications conglomerate.

Through his leadership, the Troyka Group has become a benchmark for integrated communications in Africa. Its agencies have won multiple international awards and have been recognised for outstanding creativity and strategic excellence.

Beyond corporate success, Dr. Shobanjo is widely regarded as the “Father of Modern Advertising in Nigeria.” His visionary approach to talent development and mentorship has paved the way for generations of practitioners and entrepreneurs in the marketing communications ecosystem. His philosophy of discipline, excellence, and the relentless pursuit of innovation continues to shape the creative economy in West Africa.

He has also been recognised nationally and internationally for his contributions. In October 2022, Nigeria’s former President Muhammadu Buhari conferred on him the Officer of the Order of the Niger (OON) national honour.

About The Loeries

Founded in 1978, The Loeries is the oldest and most prestigious award organisation in Africa and the Middle East dedicated to recognising creative excellence in brand communication. Through its Hall of Fame, introduced in 2008, The Loeries honours individuals whose careers have made a lasting impact on the industry, not just through business achievements, but through mentorship, innovation, and leadership that inspire generations of creatives.

Past inductees include some of the most respected figures in the global advertising and communications industry, including Dani Richa, Chairman & CEO, BBDO EMEA, John Hunt, Worldwide Creative Director, TBWA/Worldwide, making Dr. Shobanjo’s recognition a milestone for West Africa and a testament to Nigeria’s growing influence in the global creative economy.

About Troyka Holdings

Troyka Holdings is West Africa’s leading marketing communications and business solutions group, comprising specialised agencies that deliver integrated services across advertising, public relations, media planning, experiential marketing, digital strategy, and security management. Through its agencies; Insight Publicis, Leo Burnett, Starcom Media Perspective, All Seasons Zenith, Quadrant MSL, Digitas, and other operating companies; Optimum Exposures, and Halogen Security,Troyka has managed some of the world’s biggest brands and continues to drive innovation that defines the future of African marketing.

The group is renowned for its creative excellence, strategic depth, and commitment to nurturing young African talent, making it a trusted partner for global and regional clients seeking authentic and effective brand engagement in Africa.

 

 

Stanbic IBTC Bank, NSACC Forge Path Towards Economic Resilience in Mining

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L-R: Dr. Jani Ibrahim, National President of Nigeria Association of Chambers of Commerce, Industry and Mines, NACCIMA; Dr. Ije Jidenma, Chairman, Nigeria-South Africa Chamber of Commerce; Austin Menegbo, Country Manager, Segilola Resources Operating Limited; Folake Ademiluyi, Sector Head, Power and Infrastructure, Stanbic IBTC Bank and Adebola Seriki, Sector Head, Diversified Industrials, Stanbic IBTC Bank, during the 2025 Nigeria-South Africa Chamber of Commerce (NSACC) Breakfast Session, hosted by Stanbic IBTC Bank, held recently in Lagos.

Stanbic IBTC Bank recently hosted the Nigeria-South Africa Chamber of Commerce’s September Breakfast Forum in Lagos, focusing on the potential of the mining sector in Africa. Themed “Unlocking Africa’s Hidden Wealth: Mining as a Catalyst for Bilateral Investment,” the event gathered industry leaders and investors to discuss economic opportunities in Nigeria and beyond.

The forum served as a pivotal opportunity to address the significant role that mining can play in the economic landscape of both Nigeria and South Africa. Key discussions centered on strategies for promoting collaborative investments, enhancing sustainability in mining operations, and identifying areas that are ripe for potential partnerships. Among the experts present were seasoned entrepreneurs and policymakers who shared their insights on best practices and innovative approaches to responsibly harnessing Africa’s mineral wealth.

Key discussions centred on strategies for promoting collaborative investments and enhancing sustainability in mining operations.

Speaking during a panel discussion, Adebola Seriki, Sector Head, Diversified Industrials, Stanbic IBTC Bank, highlighted the importance of stakeholder engagement in building partnerships across Nigeria and beyond. He expressed confidence in the potential for impactful solutions despite existing challenges.

“At Stanbic IBTC Bank, we are committed to a robust strategy for the mining sector. Our focus is on meaningful stakeholder engagement as we aim to connect communities and foster collaboration across Nigeria and Africa. While challenges exist, we believe in our potential to build a stronger future together, leveraging our partnerships and insights to create impactful solutions to drive growth in the Nigerian mining sector Creating partnerships across real stakeholders within the industry is our priority,” Adebola stated.

Participants emphasised the necessity of strategic investments to elevate the mining sector, which holds vast untapped resources critical for future growth. Conversations highlighted various avenues for cooperation, suggesting that leveraging the strengths of both nations could lead to fruitful investments that bolster job creation and stimulate economic advancement in the region.

In his keynote address, Austin Menegbo, Country Manager, Segilola Resources, emphasised the need for responsible practices in mining and the collaboration between local stakeholders and international financiers. He shared his experiences illustrating the significance of a balanced approach to harnessing Africa’s mineral wealth.

Menegbo states, “Our mission in soil exploration is to show that nature can be responsibly harnessed for a transparent and sustainable gold mining model. I have seen Africa’s hidden wealth and understand that success hinges on a synergy of vision, collaboration, and commitment, not just capital.”

“When communities thrive, investors are protected; and when investors are protected, cash flows. That embodies the essence of bilateral investment.”

Stanbic IBTC Bank’s collaboration with the Chamber reflects the bank’s ongoing dedication to supporting initiatives that positively impact the lives of Africans. By fostering dialogue through such forums, Stanbic IBTC demonstrates its deep-rooted commitment to enhancing economic resilience and stability within the region. The bank’s proactive approach aims not only to provide financial services but also to act as a catalyst for sustainable developmental practices in Africa’s mining industry.

As participants reflect on the insights gained from the forum, there is a shared recognition that sustained efforts are necessary to drive the mining sector forward. The enthusiasm exhibited during panel discussions signals a promising future, one where innovation, investment, and responsible practices converge to unlock Africa’s true potential. The partnership between Stanbic IBTC and the Nigeria-South Africa Chamber of Commerce serves as a demonstration of their commitment to achieving this vision.

The September Breakfast Forum not only highlighted the vast opportunities within Africa’s mining industry but also reinforced the necessity of collaborative efforts to foster growth. The commitment shown by all involved instils hope that, through strategic partnerships and dialogue, Africa can indeed unlock its hidden wealth and pave the way for a brighter economic future.

Emirates, flydubai, Dubai Finance Partner to Accelerate ‘Dubai Cashless Strategy’

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Emirates and flydubai have signed two Memoranda of Understanding (MoUs) with Dubai Finance (DOF) to advance digital payment initiatives and promote ‘Dubai Cashless Strategy’ among international tourists, cementing the city’s position as a global digital economy hub.

With over 18.7 million tourists visiting Dubai in 2024, cash-reliant travellers represent the emirate’s greatest untapped potential for digital payment adoption.

Two separate MoUs were signed by Adnan Kazim, Emirates’ Deputy President and Chief Commercial Officer and Hamad Obaidalla, flydubai’s Chief Commercial Officer with Ahmad Ali Meftah, Executive Director of the Central Accounts Sector at DOF, in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline & Group, His Excellency Abdulrahman Saleh Al Saleh, Director General of DOF along with senior Emirates Group and flydubai executives.

Adnan Kazim, Emirates’ Deputy President and Chief Commercial Officer said: “Emirates’ strategic partnership with DOF represents a significant opportunity to accelerate digital payment adoption across our tourism ecosystem. By leveraging our combined expertise and infrastructure, we’re supporting Dubai’s cashless vision and directly fuelling D33 Agenda ambitions by enabling the business case for digital-first tourism that creates seamless visitor experiences. With our global network, Emirates will also promote Dubai’s cashless ecosystem internationally, encouraging millions of visitors each year to embrace secure digital solutions from the moment they book their ticket. We hope what we are building today will become the blueprint that other major cities will follow.”

Hamad Obaidalla, flydubai’s Chief Commercial Officer at flydubai said: “Our collaboration with DOF is a pivotal step in advancing Dubai Cashless Strategy. flydubai is committed to adopting digital-first solutions, and this partnership will allow us to further enhance the travel experience for millions of international visitors who choose Dubai each year. By making cashless payments simpler, more secure and more accessible, we are not only improving convenience for our customers but also contributing to Dubai’s vision of becoming a leading global hub for digital innovation and economic growth.”

“Our partnership with Emirates and flydubai represents an important milestone in the implementation of the Dubai Cashless Strategy,” said Ahmed Ali Muftah, Executive Director of the Central Accounts Sector at DOF. “It will help expand the adoption of digital payments among the wide segment of visitors and tourists that Dubai attracts annually. Strengthening smart and secure payment channels consolidates Dubai’s position as a global destination for digital tourism and an innovation-driven economy. It also reflects our commitment to accelerating the transition towards a cashless society that achieves the highest levels of efficiency and financial sustainability. We are confident that this collaboration will open new horizons for the adoption of advanced financial solutions, supporting the emirate’s sustainable economic growth.”

Amna Mohamed Lootah, Director of Digital Payments Regulation Division at DOF, said: “Emirates and flydubai play a key role in driving positive change in Dubai’s travel sector. This partnership reflects our shared commitment to innovative financial solutions, enhances the smart tourism experience, and supports a seamless, secure, and sustainable financial environment for all. We are dedicated to providing a seamless and secure financial environment for everyone, contributing to Dubai’s long-term financial sustainability and economic growth.”

The partnership will leverage DOF’s established connections to government departments and both airlines’ substantial digital payment expertise, with a significant percentage of Emirates’ and flydubai’s global business conducted through digital transactions. Emirates offers 14 payment gateways for its customers, and Skywards, the award-winning loyalty programme for both Emirates and flydubai, is already a 100% digital currency for earning and redeeming benefits.

The MoUs aim to enhance collaboration across several areas, including exchanging expertise, technical know-how and best practices for cashless solutions within the travel and tourism ecosystem. All sides will explore opportunities to run workshops and training sessions and will evaluate payment adoption trends that support strategic planning efforts.

The collaborations will target tourists and travellers planning their stay in Dubai by developing initiatives that improve and make the digital payment experience more inclusive for visitors.

The carriers and DOF will explore joint marketing campaigns to uplift visitor awareness, tap into opportunities for incentives that encourage digital payment adoption as well as offer diverse digital solutions for visitors like contactless payments.

Launched last year, the Dubai Cashless Strategy aims to achieve 90% cashless transactions across government and private sectors combined by end of 2026. The initiative is projected to boost economic growth by more than AED 8 billion annually through innovative financial technology services.

The strategy is part of Dubai’s Economic Agenda (D33) to drive fintech innovation and competitiveness and focuses on delivering seamless, secure digital payment experiences across all sectors.

About Dubai Finance

The Department of Finance (DOF) for the Government of Dubai was established in 1995 under Law no. (5), to supervise all financial and accounting affairs of the Government of Dubai, in addition to issuing consolidated financial statements for the emirate’s government.

DOF is responsible for the development of the government’s general annual budget and its execution in cooperation with all relevant local government entities. Furthermore, DOF provides liquidity, including transferring sanctioned budgetary allocations to all relevant government entities.

It also oversees the preparation and development of financial resources, and verifies the collection and provision of general revenues, while also supervising government banking accounts. Dubai Finance strives to provide innovative financial services and enrich the culture of public expenditure optimisation, adhering to the highest local and global standards.

About flydubai

From its home in Dubai, flydubai has created a network of more than 135 destinations served by a fleet of 88 aircraft. Since commencing operations in June 2009, flydubai has been committed to removing barriers to travel, creating free flows of trade and tourism and enhancing connectivity between different cultures across its ever-expanding network.

flydubai has marked its journey with a number of milestones:

  • An expanding network:Created a network of more than 135 destinations in 58 countries across Africa, Central Asia, the Caucasus, Central and South-East Europe, the GCC and the Middle East, South Asia and South-East Asia.
  • Serving underserved markets:Opened more than 100 new routes that did not previously have direct air links to Dubai or were not served by a UAE national carrier from Dubai.
  • An efficient single fleet-type: Operates a single fleet-type of 88 Boeing 737 aircraft and includes: 28 Next-Generation Boeing 737-800, 57 Boeing 737 MAX 8 and 03 Boeing 737 MAX 9 aircraft.
  • Enhancing connectivity:Carried more than 120 million passengers since it began operations in 2009.

 

 

Adopt-A-School initiative: Stanbic IBTC Transforms Learning Environment at Chwelnyap Primary School, Plateau State

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L-R: Christopher John kyoroh, Local Government Chairman Jos North; Olushola Alerege, Head, Commercial Banking, North Central Suite, Stanbic IBTC Bank; Samuel Sunday Amura, Chairman, Plateau State Universal Basic Education Board at the handover ceremony of Chwenlnyap Primary School Plateau, forming part of the Stanbic IBTC’s Adopt-A-School initiative.

Stanbic IBTC Holdings has completed the renovation and upgrade of Chwelnyap Primary School in Plateau State under its Adopt-A-School initiative, reaffirming its unwavering commitment to advancing educational excellence across Nigeria.

The extensive renovation and infrastructure enhancement project underscores the institution’s belief in the transformative power of education as a key driver for national development.

The intervention at Chwelnyap Primary School featured a wide-ranging scope of work designed to foster a holistic learning environment. The project included the full renovation of Block B, comprising a three-classroom structure and two offices; the Headmaster’s Office and a staff room, both of which were upgraded as part of the expanded project scope.

Each classroom was fitted with brand-new furniture, with 20 desks and chairs per class, accommodating up to 40 students in each room. In total, the furniture provision caters to 120 students, promoting a more conducive and engaging learning experience.

Chuma Nwokocha, Chief Executive, Stanbic IBTC Holdings, highlighted the organisation’s vision for sustainable educational development through impactful initiatives.

“This project is a testament to our belief that every child deserves access to quality education in an environment that inspires learning and growth. At Stanbic IBTC, we recognise that education is the foundation upon which future leaders are built, and our commitment to nurturing this potential remains steadfast,” he stated.

In alignment with global trends in digital education, Stanbic IBTC constructed a fully equipped computer laboratory and mini library to strengthen students’ technological and intellectual capacities. The lab features 10 modern computers and 10 workstations, providing pupils with essential digital literacy skills to thrive in the modern world.

Further supporting the creation of a well-rounded learning environment, the institution also constructed eight modern toilets: four for girls and four for boys, to ensure proper sanitation, privacy, and hygiene. Additionally, a mini football pitch was developed to encourage sportsmanship, teamwork, and physical fitness among students.

Environmental sustainability was also integrated into the project’s design. The bank planted 30 trees and flowers across the school premises, contributing to a greener and more inspiring environment while instilling environmental awareness among the pupils.

Wole Adeniyi, Chief Executive, Stanbic IBTC Bank, noted that the project exemplifies the organisation’s approach to holistic educational support.

“Our Adopt-A-School projects are not merely about physical structures but about building environments that nurture curiosity, creativity, and character. The transformation of Chwelnyap Primary School reflects our dedication to creating learning spaces where children can dream, discover, and achieve,” she said.

The handover ceremony was attended by government officials, community leaders, representatives of the Parent-Teacher Association, and other stakeholders, all of whom lauded the initiative’s positive impact on the community.

The renovation of Chwelnyap Primary School stands as another remarkable milestone in Stanbic IBTC’s Adopt-A-School journey, underscoring the bank’s leadership in corporate social responsibility and its unwavering dedication to expanding access to quality education across Nigeria.

With this ongoing commitment, Stanbic IBTC continues to close educational gaps by integrating infrastructure development, technological advancement, and environmental sustainability, a holistic approach that mirrors its long-term vision for national progress and human capital growth.

Through the initiative, Stanbic IBTC remains devoted to promoting sustainable educational development; one community, one school, and one child at a time.

 

“Oil Industry Investments Not Stifled by Local Content” – Nwapa, Pioneer ES NCDMB

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The Nigerian Content Academy Lecture Series organised by the Nigerian Content Development and Monitoring Board (NCDMB) got off to a thought-provoking start on Friday with a panoramic overview of local content strategy and implementation in the Nigerian oil and gas industry and a word of caution to industry players to not trifle with the initiative.

In a presentation on the topic “Staying the Nigerian Content Course in the Midst of Delivery Challenges,” the pioneer Executive Secretary of the NCDMB, Dr. Ernest Nwapa, addressed several industry issues, dismissing the notion that the absence of final investment decisions (FIDs) in the country’s oil and gas sector over a period of time was caused by stringent implementation of local content policies by the NCDMB. According to him, “There are many government policies that are affecting FIDs.”

He admitted that the oil and gas industry stakeholders face “an increasingly complex environment shaped by global energy trends, shifting investment patterns and heightened expectations for local participation and value addition.”

On suggestions that the future of local content policies is under intense scrutiny, Dr. Nwapa, a one-time Group General Manager, Nigerian Content Division of the Nigerian National Petroleum Corporation (2005-2010) noted that such unfounded fears had always been advocated by some industry stakeholders averse to the idea of local content.

He drew attention to some unhealthy trends in the oil and gas industry, noting that “there are unintended ambiguities in the Presidential Directives” introduced in February 2024. Such ambiguities, he pointed out, need to be addressed by stakeholders. He regretted that the ambiguities in the Presidential Directives have created systemic problems, and that there has to be “institutional adjustment to re-enact the authority in the NCDMB directives.”

He decried what he described as “lack of respect for the authority of the NCDMB within some industry stakeholder groups,” arguing that “when the Board writes a letter and says this is what stands on Nigerian Content, nobody questions it.”

Continuing, he declared, “If you challenge a letter from the NCDMB, it wouldn’t stand.” He said it is wrong for any agency to put aside a letter from the Board and continue doing things in its own way.

Dr. Nwapa, a Fellow of the Nigerian Society of Engineers (FNSE), pointed out that Nigerian Content has been a national aspiration with mixed results since the Nigerian economic development model was conceived.

According to him, statutes like the Petroleum Act, 1969, the Joint Venture (JV) agreements, the Petroleum Technology Development Fund (PTDF), and creation of NAPIMS, all had been conceived to achieve some measure of local content. There was also the Coastal and Inland Shipping (Cabotage) Act, 2003. But all these were incomparable to the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010.

In his words:

“Our young engineers, our young technicians now have places to go to acquire practical skills” because a lot of projects are going on in the country. For specifics, he declared, “If you look at the number of Nigerians that worked in Egina at the Integration Yard [SHI-MCI Fabrication and Integration Yard, Tarkwa Bay, Lagos], it’s not something you can just underestimate. So, we need to know there are serious consequences for failure of what we’ve started.”

Nwapa argued that “things around high costs of local content…are things that we have to continue to work on to see how we can have them reduced.” He said argued further that if you don’t start practising local content and get your people involved, the costs gap will be wider and wider, “so it’s either you decide to bite the bullet right now and use activities within your local economy to drive the costs to competitive levels or you can forget about it and not do it at all.”

He advised that cost of projects needs to be evaluated on a project-by-project basis and handled strategically by the Board. He insisted that “NCDMB has “the power to do that, working with the industry players,” who would provide the information and matrices.

Nwapa also advised that the Nigerian Content Academy, a division of the NCDMB, should be “a place where we test theories, and we go outside to the field and have strong workshop discussions and analysis, and proffer practical recommendations,” which could be taken to the NCDMB Executive Secretary or right up to The Presidency.

When the moderator of the Lecture Series and Director of the Academy, Dr. Ama Ikuru, invited questions and comments from participants, Mr. Simeon Ogari, Nigerian Content Manager of SEPLAT Energy Limited, sought to know why there is Nigerian Oil and Gas Industry Content (NOGIC) Joint Qualification System (JQS) and a parallel JQS operated by NIPEX [Nigerian Petroleum Exchange].

Engr. Nwapa said the situation had been so for some time but that it has not disrupted industry activities, and that differences could be sorted out in time. Other participants who sought clarifications include Mr. Isoboye Amachree, of Oando Plc, Mr. Kamselem Mohammed and Barr. Naboth Onyesoh, Director, Legal Services, of NCDMB.

The Nigerian Content Academy Lecture Series hold weekly and are intended to raise awareness of trends and issues in the oil and gas industry, and thus empower Nigerians to take full advantage of economic opportunities in that sector.