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New NCDMB ES, Omatsola Ogbe, Assumes Office, Charges Staff on High Performance

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Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe (5th Left) in a meeting with the Directors and management of the Board at the Board’s liaison office in Abuja.

The newly appointed Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe has assumed office and held his first official meeting with the Directors and management of the Board.

Ogbe was appointed by President Bola Tinubu, replacing Engr. Simbi Kesiye Wabote, who had served for seven and half years in office.

At a meeting at the NCDMB’s Abuja liaison office, the new Executive Secretary received a high-level briefing on the Board’s projects and initiatives from the Directors and senior management.

In his remarks, the new NCDMB boss lauded the achievements recorded by the agency, especially the human capacity development programme which had produced Nigerians who now provide high-tech services in other African oil-producing countries.

Commenting on the Nigerian Content 10-year strategic roadmap which had recorded 54 percent achievement in the 6th year of implementation, Ogbe announced that expert consultants would be invited to certify the performance and metrics, to give it more authenticity.

He charged senior officials of the Board to continue delivering high performance in their various roles, to sustain the Board’s premium position. He also indicated the need for the Board to carry out sensitization programmes to key stakeholders in cities across Nigeria on the opportunities created by the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.

Ogbe also harped on the need for the Board to work closely with its contractors to speed up the delivery of its direct projects such as the Nigerian Oil and Gas Parks Scheme, to realize their objectives for the economy.

The new Executive Secretary hails from Warri South in Delta State and is a vastly experienced oil and gas engineer and holds separate Masters Degrees in Civil Engineering and Construction Management.

He has over 37 years of experience in core oil and gas operations in Nigeria and local content operations, notably onshore and offshore, LNG, Water Drilling, Treatment and Storage Facilities, Civil, Building & Dredging Engineering, and other construction.

His experiences were garnered in Nigeria, across Africa, Busan, South Korea and USA, where he worked in the Conceptions, Engineering Designs, Project and Construction Management to Commissioning Phases of projects.

His work experiences include Chevron Corporation, where he held top positions in Nigeria and overseas, before he retired voluntarily in June 2014, to go into private business.

While at Chevron Nigeria Limited, he served as Construction Services Group Superintendent (Escravos-Warri) and was responsible for in-house construction services requirements to support the Company Operations.

He equally served as Offshore Projects Manager, where he was responsible for all the Engineering designs, Planning and execution of Maintenance works and installation of new facilities to support productions in Chevron Nigeria Limited offshore locations.

Other assignments he held in Chevron included Construction Manager (Lagos & Escravos-Warri), Escravos Gas Project (EGP-3B), where he was responsible for the fabrication and installation of various sizes of pipelines/flowlines in offshore and onshore locations in the Niger Delta.

In his early years, he served as Construction Superintendent responsible for Engineering Designs and Construction requirements, and also worked as the Cost Control Engineer and was responsible for all Facility Engineering Division Projects’ cost controls, budgeting and cashcalls.

Ogbe is a member of the Nigerian Society of Engineers, Council of Registered Engineers, and American Institute of Civil Engineers, and is married with children.

Heirs Energies Honoured for Sustainable Operations at NBLA 2023

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Heirs Energies, an indigenous-owned integrated energy company has marked another milestone by securing the esteemed “Excellence in Sustainable Energy Operations” award at the 2023 Nigerian Business Leadership Awards (NBLA) organised by BusinessDay Media.

This accolade reaffirms Heirs Energies’ strategy towards meeting Africa’s unique energy needs in a sustainable manner.

The Nigerian Business Leadership Awards (NBLA) honours outstanding achievements across various sectors, acknowledging innovation, impact, and sustainable practices among companies nationwide. Heirs Energies emerged a clear leader in the sectoral awards category for its exemplary contributions to sustainable energy operations, a testament to its dedication to revolutionising the energy landscape.

Chief executive Officer of Heirs Energies, Osayande Igiehon, expressed gratitude for the recognition, stating:

“This award is a testament to our team’s relentless dedication and validates our commitment to a shared destiny with the local communities in which we operate. At Heirs Energies, sustainability is not just a goal but our guiding principle driving every one of our initiatives.”

Heirs Energies prioritises transparency, ethics, and corporate social responsibility, ensuring its operations deliver on its sustainability objectives. By empowering communities, mitigating environmental impact, and driving socio-economic development, Heirs Energies continues to demonstrate the capacity to deliver sustainable energy solutions while leveraging emerging technologies.

 

About Heirs Energies Limited

Heirs Energies Limited (Formerly known as HeirsHoldings Oil & Gas Limited) is an indigenous-owned integrated energy company, committed to meeting Africa’s unique energy needs while aligning with global sustainability goals in achieving net zero by 2050. Having a strong focus on innovation, environmental responsibility, and community development, Heirs Energies leads the evolving energy landscape and contributes to a more prosperous Africa.

 

AFCON 2023 Promo: Ecobank Rewards 50 Customers 1st Monthly Draws

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Ecobank Nigeria has rewarded 50 of its customers in the first draw of its “Save and Score” promo.

The promo which was initiated by the Bank in November and expected to run till January 6, 2024, was inspired by the upcoming Africa Cup of Nations (AFCON).

Ecobank, the leading pan-African banking group, is the official sponsor of the TotalEnergies CAF Africa Cup of Nations Côte d’Ivoire 2023.  The TotalEnergies CAF Africa Cup of Nations, the biggest event in Africa, will kick off on 13 January 2024 in Côte d’Ivoire.

The promo gives an opportunity to 10 customers of the bank to win an all-expense paid trip to watch the final match of the AFCON tournament in Abidjan Cote d’Ivoire while 100 other customers stand a chance of winning N25,000. It is open to new, existing, and dormant account holders. Customers who make a single deposit of N100,000 and above, maintain a minimum account balance of N100,000 for 30 days, are carded and transact on any of the bank’s digital channels stand a chance of winning.

Speaking on the first draw, Head, Consumer Banking, Korede Demola-Adeniyi, said the bank was impressed with the response of customers to the promo, stressing that the promo was targeted at rewarding loyal and prospective customers of the bank. She urged customers to continue to fund their account to increase their chances of winning. She advised those who are yet to open an account with the bank to do so to participate in the promo and begin to enjoy the bank’s digital offerings and bouquet of products and services.

Prospective customers can open an account on the website (aop.ecobank.com), download the Xpresspoint Application on Google playstore or visit any of its branches. Dormant account holders can also reactivate their accounts, get their cards and start transacting. Customers can fund their accounts via any of the digital platforms.

Speaking earlier on Ecobank’s sponsorship of the AFCON, Jeremy Awori, Chief Executive Officer, Ecobank Group, said: “As the pan-African bank, Ecobank is proud to associate with the Confederation of African Football to contribute to the success of TotalEnergies Africa Cup of Nations Côte d’Ivoire 2023, the largest and most-enjoyed football tournament, inspiring passion across Africa. Football transcends borders. It brings communities together, fully aligning with Ecobank’s commitment to drive regional integration. It is an honour for Ecobank to play a key role in bringing millions of Africans together to live their passion for football, making sure that loyal customers benefit from this experience.”

Further, he reiterated that “Ecobank carries the pan-African spirit in its DNA, and this partnership with the Confederation of African Football demonstrates its commitment to its pan-African heritage, reinforcing its connection with hundreds of millions of Africans who will be celebrating the magic of football at AFCON 2023. 16 of the 35 African countries in which Ecobank has a presence are among the 24 that are competing in Côte d’Ivoire.”

Christopher University Law School Holds Dinner Week

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Managing Director, John Holt Nigeria Plc, Dr. Christopher Eze (left); Partner, Howard Kennedy LLP, Jonathan Huth; Senior partner, Punuka Attorneys & Solicitors, Dr. Anthony Idigbe, (SAN); Founder/Chancellor, Christopher University, Chief (Dr) Christopher Ikechi Eze (MFR); Representative of Ogun State Chief Judge, Hon. Justice Mabekoje; Guest Speaker, Mr. Richard Akintunde (SAN); Chairman of BOT, Christopher University, Chief Eric Nwobi;  Vice Chancellor, Prof. Olatunji Afolabi Oyelana (left, second roll); Ag. Librarian, Mrs Ogechi Agu and Registrar, Mr. Aloysius Udeoke, during the Christopher University School of Law Week’s Dinner held at the University campus, Mowe, Ogun State.

NNPC Wins The Whistler’s Transparency, Innovation Award

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The GCEO, NNPC Limited, Mr. Mele Kyari (3rd from right) displays the 2023 The Whistler Newspaper Transparency & Innovation Award shortly after receiving it from the Executive Governor of Abia State, Dr. Alex Otti (second from right). Applauding the moment were from left: MD, NNPC Enserve Limited, Sophia Mbakwe; Publisher/CEO The Whistler, Chief James Ume; NNPC Chief Upstream Investment Officer, Mr. Bala Wunti, President-General, Trade Union Congress (TUC), Festus Osifo and MD, NNPC Trading Limited, Mr. Lawal Sade, during the Newspapers Annual Awards Night held in Abuja on Saturday.

 

The Nigerian National Petroleum Company Limited (NNPC) has won this year’s The Whistler Newspaper’s Award for Transparency and Innovation.

The Group Chief Executive Officer (GCEO) of the Company, Mr. Mele Kyari received the award from the Executive Governor of Abia State, His Excellency, Alex Otti, on behalf of the Company during the Newspaper’s 2023 Award Night, held yesterday in Abuja, Nigeria.

In his acceptance speech, Kyari expressed NNPC Limited’s commitment to delivering value for its shareholders, stressing that the award will spur the Company to re-dedicate itself towards more transparency and innovation in its operations.

Leadway Health, NUPENG Partner to Provide Comprehensive Health Insurance for 5,000 Tanker Drivers

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L-R: President, Nigerian Association of Road Transport Owners (NARTO), Alhaji Othman Yusuf; National President, Nigeria Union of Petroleum and Natural Gas Workers (NUPENG); Comrade Williams Akporeha; Head of Operations, Leadway Health, Dr. Gideon Anumba; National Chairman, Petroleum Tanker Drivers (PTD), Comrade Augustine Egbon and General Secretary, Nigeria Union of Petroleum and Natural Gas Workers (NUPENG); Comrade Olawale O. Afolabi at the official launch and commencement of the Comprehensive Health Insurance scheme for Petroleum Tanker Drivers- an initiative of NUPENG in partnership with Leadway Health in Lagos, Nigeria. 

 

In a landmark collaboration, Leadway Health, a prominent health management organisation in Nigeria, has joined forces with the Petroleum Tankers Drivers of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) to introduce a robust and reliable comprehensive health insurance plan for over 5,000 petroleum tanker drivers across Nigeria.

This strategic partnership, officially launched in Lagos on Thursday, December 14, 2023, is aligned with the visionary priorities of the newly elected leaders of the Petroleum Tankers Drivers. These leaders have underscored their commitment to the overall well-being of drivers through purposeful schemes, initiatives, and strategic collaborations.

The comprehensive health insurance package unveiled through this initiative ensures that tanker drivers benefit from uninterrupted healthcare services across a network of over 2,000 hospitals nationwide. This comprehensive health insurance coverage gives the enrolled Petroleum Tanker Drivers access to quality healthcare services, preventative care, emergency medical attention, ambulance services, and selected critical illnesses, thereby eliminating the financial burden of out-of-pocket medical expenditure, fostering peace of mind, and guaranteeing timely medical interventions.

Speaking on the scheme, Dr. Tokunbo Alli, the CEO of Leadway Health Limited, expressed enthusiasm about the project’s objective: “It is our mission as an organisation to provide a comprehensive health insurance cover that prioritises the health and wellbeing of every Nigerian, especially our tanker drivers, who diligently transport petroleum products across the nation, to energise industries and light up homes. Beyond delivering superior healthcare, Leadway Health will also conduct periodic outreaches to facilitate regular checkups and care for Petroleum Tanker Drivers at various locations.”

The National President of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Comrade Williams Akporeha, speaking during the launch, said, “Today marks a historic moment in our Union’s journey towards the betterment of our members. This initiative, in collaboration with Leadway Health, reaffirms our commitment to the wellbeing of our members, emphasising our collective belief that every individual, regardless of occupation, deserves high-quality healthcare services.”

Acknowledging the drivers’ challenging conditions, including difficult terrains, harsh weather, long hours on the roads, and security concerns, Comrade Akporeha emphasised the importance of the Health Insurance Scheme: “We must acknowledge that this profession carries inherent risks and dangers. Accidents, injuries, and health-related complications are unfortunate realities that these brave individuals face every day. However, it is our moral obligation as a Union to provide them with the necessary support, care, and protection they deserve. I hereby urge every tanker driver to embrace this opportunity and utilise it to its fullest.”

Comrade Akporeha encouraged other organisations of like minds to emulate this historic feat by ensuring they implemented similar schemes for their members. “As we embark on this new chapter, I believe this Health Insurance Scheme will serve as a model for other Branches within our great Union. It is my aspiration that the success of this initiative will encourage others to follow suit, creating a society where every member of the Union is protected and cared for.”

Leadway Health Limited’s other product offerings include advanced telemedicine, a health enrolee app that allows authorisation of care by enrolees, digital health tracking, and access to financial and family counselling.

The Enrolee app comprises innovative features such as hospital geo-location capabilities and a pharmacy benefit programme that ensures only genuine drugs from manufacturers are delivered to the homes/offices of those with chronic ailments. The features also include an employee assistance programme to promote mental health, medical concierge services, preventive health programmes that have baby wellness programmes, access to fitness and nutritional stores, customised health tips, talks and newsletters across all age groups with a unique reward system to encourage and promote general wellness amongst others.

 

 

 

 

9mobile Mentors Jos SMEs with Hack Business Master Class

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L-R: Head, HR Business Partnering, 9mobile, Sherriff Popoola; Business Growth Expert, Tricia Olufemi-Olumide; Public Relations Lead, 9mobile, Chineze Amanfo and Head, Brands and Creative Services, 9mobile, Adeola Kayode at The Hack, an entrepreneurship and business mentorship event organised by 9mobile for SMEs held in Jos recently.

9mobile, Nigeria’s Youth-centric telecommunications company recently took its mentorship and business seminar, The Hack to Jos, the Plateau State capital to help thousands of young SME owners and operators grow and promote their businesses. The two-day event which featured a business seminar and products exhibition was held at Mees Palace Event Center, Rayfield Resort Road, Jos.

Opening the session was 9mobile’s Head of Brands and Creative Services, Adeola Kayode, who said business is the driving force of any economy and involves turning problems into opportunities to make a profit. He said that at the end of the Hack seminar, the entrepreneurs would be better positioned to expand their businesses and overcome their current challenges.

“We are here to share knowledge and insights with you on how to grow your business and the kind of opportunities that are available to enable you to excel. We have experts to discuss and share knowledge of the challenges faced by SMEs with the view to providing solutions. There will also be a product exhibition by some of the participants”, he said.

Kayode further explained that the Hack which has been to eight cities across Nigeria, was aimed at boosting the business acumen of SMEs. He pointed out that one of the main challenges faced by SMEs is the lack of access to finance and markets, adding that there is a need to show SMEs a framework on what they should do to maximise opportunities and partnerships when they are available.

“Access to Finance and Market is very key for SME operators. Vendors in Jos can have their biggest markets in other cities like Lagos, Port Harcourt, or outside Nigeria. Access to partnerships and collaboration is also very important. Some of the challenges small and growing businesses face can be resolved by other vendors through partnerships and collaborations “, he said.

Business Coach and Marketing Strategist (TriciaBiz), Tricia Olufemi Olumide shared business ideas with the participants on the best way Small and Medium Enterprises (SMEs) can grow and promote their products and services in their various locations in the state.

Speaking on the topic “Growing Business by Leveraging Online Sales Channels”, the Marketing expert further explained the need for operators of Small and growing businesses to leverage the various opportunities of online platforms like Facebook, WhatsApp, and Instagram beyond selling their products directly to their customers.

The event featured a presentation by Oluwasegun Daodu, Manager, SME Marketing who said 9mobile is helping SMEs to expand their businesses noting that the present crop of young entrepreneurs is the future of Nigeria’s economy.

Also speaking on “Resourcing for Small Businesses, the Role of People in SMEs Growth, the Head, of Human Resources at 9mobile, Sherriff Popoola said the biggest companies today started as SMEs.

According to him, customers are the key element that makes businesses grow, adding that people who want to operate SMEs must understand what they set out to achieve.

The Hack seeks to create a platform to support and promote entrepreneurs in the SME space. It is a business and networking mentorship program facilitated by business experts who share business ideas with participants and groom them to scale their businesses.

The Hack aims to solve specific challenges that entrepreneurs face, with a broad focus on the limitless possibilities in the SME sector.

Transparency Shall Be Our Bedrock in Telecom Regulation – Maida

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The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has pledged that transparency will form the bedrock of his leadership as Nigeria’s chief telecom regulator as this will enable a solid foundation in building a resilient, accountable and efficient institution.

Maida spoke during a courtesy visit to the Hon. Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani in Abuja recently while briefing the minister on his activities, vision, and strategy since the assumption office in October 2023.

“Transparency is key. It is by transparency that we can self-regulate even as regulators. And by so doing, we would be putting ourselves on our toes, which in the long run will drive the Commission forward to achieve our goals of operational excellence,” Maida stated.

He commended the minister for leading by example in transparency in his leadership style.

“Honourable Minister, sir, one of the principles you have shown as a leader is transparency in all your activities and I must say that it is an attribute that has the potential to bring about a transformed industry that is accountable to both the people and the industry players,” he said.

The NCC boss conveyed his appreciation, through the Minister, to President Bola Ahmed Tinubu for finding him worthy of the responsibility to lead a critical sector of the economy.

The EVC told the Minister that the visit is a crucial one which gave him the opportunity to share with the minister, his vision and priorities for the Commission. Maida also said that these priorities were in tandem with delivering on the 5-Pillars of the Strategic Plan unveiled by the Minister.

“I have been on this seat for about six weeks, and it has afforded me the privilege of a bird’s eye view to understand things better, and identify areas that we urgently need to work on. We are currently carrying out an in-depth study and critical review of issues within the industry. One of the areas we are placing priority on is Quality of Experience,” Maida told the Minister.

“At my meeting with industry leaders, we were unambiguous that quality of experience (QoE) will not be negotiable. The Commission will take compliance in this regard seriously, and a standard of what is least acceptable will be set,” the NCC CEO stated.

Maida told the Minister that another priority area for him is broadband connectivity, which he considers as the biggest enabler of the digital economy and financial inclusion. He noted that these align with the 5-pillar agenda of the Ministry.

The NCC CEO also reflected on the need to maximise the potentials of innovations in some technological evolutions such as the 5G revolution in order to create more opportunities within the industry and further boost connectivity.

He informed the Minister that a review of internal processes at the Commission is ongoing to engender efficiency and responsiveness of the Commission, including the digitisation of most of our operations.

“Under my leadership, the Commission will give priorities to the improvement of our regulatory activities. With this, we hope to see more investors come into the telecommunications industry in Nigeria, with the attendant creation of vertical businesses and increased Foreign Direct Investments, revenue generation, and employment”, Maida stated.

The EVC also said that “In all these, the goal is for the Commission to achieve optimal operational excellence which underpins the success of all other priority areas that we have set in order to achieve a significant all-round growth of the telecommunications industry.”

Maida equally recalled his visit to the Digital Bridge Institute in Lagos, where he met an institution with vast potentials that would be an asset in driving a knowledge-based economy, in line with the “Knowledge Pillar” of the Strategic Plan unveiled by the minister.

“Consequently, we will be prioritising the revamp, retooling, and redirection of the Institute towards extracting its optimum value in line with our objectives,” the EVC said.

Dr. Tijani, who warmly welcomed the NCC boss, acknowledged the importance and relevance of the telecom regulator in achieving the nation’s digital aspiration.

“The NCC is a stellar agency, and you have my respect for the work that you do. There is no future for the country without the NCC. Already, the quality you have is good; what we need to do now is to tap into this quality to bring about greater value for the country,” Tijani said.

“I want to assure you that you have the best partner in me. We will work together to achieve the goals and vision we have set,” the Minister assured the NCC CEO.

 

 

NNPC Says Crude Oil Production, Price Benchmark for 2024 Budget Realistic

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The Nigerian National Petroleum Company Limited has assured that the projections on crude oil production and price benchmark for the 2024 Budget were realistic and realisable.

The Group Chief Executive Officer (GCEO) of the Company, Mr. Mele Kyari, gave the assurance during an interactive session with the Senate Committee on Finance at the National Assembly, Abuja on Wednesday.

Speaking on the dynamics of the market in relation to the projected budget benchmark price of $77.96 per barrel, Kyari said: “With what we see in the market today and potentially in the year 2024 and even beyond the next two years, it is very unlikely to see $70 per barrel oil in the market. The oscillation we are seeing, sometimes you do see prices coming down to $75 to the barrel and sometimes it goes above it, overall, benchmarks are averages. We think that the proposal by Mr. President around the $77.96 is still realisable in 2024.”

On the crude oil production projection, he stated: “The number we have is 1.785mbpd. This is cumulative of all oil produced in the country. This figure is inclusive of all production including crude oil and condensate. I need to make this clarification because of the reports in the media that our OPEC quota is 1.5million barrels per day. The OPEC quota is related only to crude oil. We also do between 250,000 to 300,000 barrels per day of condensate in our production. When you combine the two, the 1.78mbpd is realistic and realisable.”

He expressed optimism that though there were challenges such as security and force majeure, the measures being deployed by the Federal Government would be able to take care of them to guarantee the projected level of production.

The GCEO also assured that NNPC Limited will maintain the level of dividends remittance to the Federation Account as stated in the Medium-Term Expenditure Framework, adding that the projected dividends from the Nigeria Liquefied Natural Gas Limited was also realisable and would be flowed directly into the Federation Account as stipulated by the law.

While answering a question on the Company’s Road Tax Credit Scheme, Kyari explained that all the roads being undertaken under the scheme would be duly completed, adding that the scheme was anchored by the Ministry of Works while the Federal Inland Revenue Service and NNPC Limited were only playing supervisory roles to ensure that value is delivered for every kobo paid.

Speaking earlier, the Chairman of the Senate Committee on Finance, Senator Mohammed Sani Musa, said the purpose of the interactive session was to deepen conversations on the projections in the 2024 Appropriation Bill to help the lawmakers determine what and where to adjust.

He expressed satisfaction with the explanations offered by the NNPC Limited’s helmsman.

AIICO Insurance Marks Six Decades of Excellence in Grand Anniversary Celebration!

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In a recent moment filled with propitiousness, fanfare, and merriment, AIICO Insurance Plc, a leading and frontline player in the underwriting business in Nigeria, commemorated its 60th anniversary.

The event seamlessly brought together management, staff members, ex-staff members, and other stakeholders to reflect on the past journey and toast to the successes and accomplishments of the company over the years.

Addressing the gathering, Mr. Babatunde Fajemirokun, the Managing Director/Chief Executive Officer of the company, attributed the staying power of the company to the continued loyalty of the customers as well as the resilience and relentless spirit of the employees.

Drawing a parallel between Nigeria and the company, both of which came into existence around the same time, Fajemirokun highlighted that both entities have weathered and survived turbulent times, demonstrating growth and resilience.

“AIICO, born in the heart of Nigeria, has been a witness and a participant in this nation’s remarkable journey. We’ve grown amidst the oil boom’s promises of the 1970s and adapted during the economic downturns of the 1980s. Our strength was tested during the periods of military rule and the struggle for democracy, yet we emerged stronger, demonstrating the same resilience that defines our nation.”

“In these six decades, AIICO has not only survived but thrived, adapting to changes, overcoming challenges, and seizing opportunities. Our growth mirrors the indomitable spirit of Nigeria – a spirit of perseverance, innovation, and a relentless pursuit of excellence,” he said.

The AIICO Insurance boss urged employees to continue to innovate, serving its community and contributing to Nigeria’s growth.

Highlights of the event included the presentation of awards to recognise and reward top performers in the organisation.

The event came alive with a pulsating performance by celebrity DJ, DJ Neptune, setting the crowd ablaze with infectious energy and beats that resonated throughout the venue, creating an unforgettable atmosphere of pure excitement. Additionally, Akpororo’s comedic brilliance illuminated the night, sparking laughter that reverberated across the event. His captivating performance seamlessly blended humor and wit, ensuring an evening of refined amusement for all attendees.

AIICO Insurance stands as a leading composite insurer in Nigeria with a record of serving customers that dates back six decades. The company provides life and health insurance, general insurance, and investment management services, dedicated to creating and protecting wealth for individuals, families, and corporate customers.

Entrepreneurs, Customers Relive Experience at Polaris Bank Sponsored Fashion Souk

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Polaris Bank, Nigeria’s premier digital retail Bank, showcased its unwavering commitment to supporting MSMEs by taking center stage as the headline sponsor of the recently concluded two-day Fashion Souk in Lagos.

The Fashion Souk, an electric congregation of fashion enthusiasts, witnessed a surge of businesses eager to secure grants through an intense pitch competition. Beyond financial assistance, Polaris Bank emphasized customer satisfaction, ensuring an exciting fashion experience with operational POS machines and seamless transactions via the award-winning VULTe app.

The event’s high point was the business pitch competition, where three outstanding businesses emerged as grant winners from the shortlisted 73 participating firms. The eco-friendly Man ‘n’ Queens from Ibadan secured the grand prize of One Million Naira.  While Hozy Dare Clothing, the first runner-up, celebrated with a grant of Five Hundred Thousand Naira, and Il’ese, the second runner-up, received Two Hundred and Fifty Thousand Naira.

Speaking at the grant presentation, Polaris Bank’s Chief Digital Officer (CDO), said: “These prizes reflect Polaris Bank’s commitment to MSME growth, and we will continue, as a Bank to support and provide opportunities for entrepreneurs and businesses to scale.”

Amidst the runway shows and a raffle draw for shoppers, Ijeoma Okolo, goldsmith and owner of 2groom Handsmade, lauded Polaris Bank for supporting MSMEs’ growth. She showcased her exquisite jewelry line, featuring Nigerian-sourced gemstones.

Another participant, Adegbaye Adewale, Founder of KIJIPA, Nigeria’s leading indigenous Couture, described the Souk as an ‘amazing platform’ for certified fashion entrepreneurs, and commended Polaris Bank as a ‘smart Bank’ for identifying with the fashion sector to grow it.

Polaris Bank’s dedication to business growth and customer satisfaction at the Fashion Souk underscores its commitment to fostering innovation in the MSME sector and driving Nigeria’s economic development which has seen it recognized as Nigeria’s MSME Bank of the Year at last BusinessDay Bank & Other Financial Services Award (BAFI) ceremony which held in November 2023 in Lagos.

As a digital-forward Bank, Polaris continues to lead the way in customer-focused partnerships, reshaping both businesses and communities.

Union Bank Pledges Improved Access to Capital for SMEs

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Union Bank of Nigeria has reiterated its commitment to providing easy access to capital for Small and Medium-sized Enterprises in the country to boost the growth and profitability of the sector.

This assertion was made at the 2023 edition of the ‘Top 100 Fastest Growing SMEs in Nigeria’ conference recently hosted by BusinessDay newspaper.

The event, ‘Accelerating growth for SMEs in an era of uncertainty,’ brought together industry experts, small business owners, policymakers, and other stakeholders in the SME sector to evaluate and spotlight the activities of SMEs in Nigeria.

The well-attended conference included different panel sessions with discussions centered on many issues related to the development of SMEs in Nigeria.

Speaking at the Raising Finance for SMEs panel, Gloria Omereonye, Area Business Executive, Union Bank, shared insights on how SMEs can be supported to access finance.

According to her, “access to timely and adequate capital is a major need for small businesses. Creating hassle-free, seamless, and technologically innovative processes for SMEs to receive loans is a big relief for businesses looking to develop and grow their enterprises quickly. At Union Bank, we are always keen to collaborate and support entrepreneurs looking to scale up their small ventures.”

Union Bank is pleased to continue to associate with the Business Day 100 SME Conference, a platform that seeks to showcase the contributions of small and medium-sized enterprises crucial to developing the Nigerian economy.

About Union Bank Plc:

Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions.

The Bank is a trusted and recognisable brand with an extensive network of over 300 branches across Nigeria.

The Bank currently offers a variety of banking services to both individual and corporate clients, including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance.

The Bank also offers customers convenient electronic banking channels and products, including Online Banking, Mobile Banking, Debit Cards, ATMs, and POS Systems.

Indigenous Software Will Create Jobs, Drive Economic Growth – Experts

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L-R: Bimbo Abioye, President, ISPON, Hajia Thaibat Adeniran, CEO, Hilal Takaful Nigeria Limited and Dr. Agada Apochi, GMD, Unified Payments (UP) at the recent Digital Agenda Forum 2023 in Lagos.

Technology and innovation enthusiasts and experts have again reiterated that promotion of indigenous software will redeem the country as it struggles to turn its economic fortune around. Speaking during the recent Digital Agenda Forum 2023 in Lagos eminent personalities in Nigeria’s innovation and technology space made this case in different ways.

Bimbo Abioye, President of ISPON, and Group Managing Director of FinTrak Software in his compelling address titled ‘Understanding The Strategic Role of Software in Emerging Technologies and National Development’ highlighted the crucial significance of embracing indigenous software for fostering national growth and economic stability.

Addressing a diverse audience of distinguished guests, Abioye emphasised the pressing need for Nigeria to pivot towards patronizing indigenous goods and services. He pointed out the detrimental impact of the country’s reliance on foreign products, underscoring the resultant increase in unemployment rates and the stifling of domestic economic growth.

“The ‘Japa’ syndrome continues to exacerbate the issue,” remarked Abioye, urging a shift towards supporting locally developed software as a means to generate employment for the country’s youth. Citing the potential of the software industry to employ millions, he highlighted the disparity between Nigeria and countries like India, where technology firms have propelled significant employment opportunities.

Drawing parallels to India’s success in leveraging software for national growth, Abioye stressed the transformative potential of indigenous software across sectors like healthcare, education, agriculture, and governance. He underscored the need for collaborative efforts among government, industries, and academia to create an environment conducive to the growth of the local software industry.

Joining the discussion, Amos Emmanuel, founder of Innovationbed, spoke on the urgent need for inclusive governance and the bridging of developmental gaps. He highlighted Innovationbed’s role in establishing a tech-driven innovation ecosystem focused on addressing socioeconomic disparities and fostering home-grown innovation in Nigeria.

Innovationbed.Africa emerges is a key initiative driving innovation capacity development among the youth, governments, and institutions, aiming to construct a fairer, sustainable, and inclusive digital society crucial for the development of developing countries.

The program underscores the urgent need for collective action and innovation across eight core economic sectors. It emphasizes the involvement of every individual and innovator to fuel Nigeria’s national development.

In the wake of these discussions, Don Pedro Aganbi, Managing Consultant, TechTV, convener of the Digital Agenda Forum, noted the imperative to embrace indigenous software as a driver of national development becomes increasingly evident.

He argued that the call to action resonates strongly – to support, promote, and invest in home-grown software solutions, heralding a technologically empowered future for Nigeria.

NSIA Insurance Completes Phases1, 2 of Govt Senior College, VI School Project

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As part of its unwavering commitment to corporate responsibility and sustainability, NSIA Insurance completes the first and second phases of its school project in collaboration with Government Senior College, Victoria Island, Lagos.

Some of its project highlights include:

Football Field Development: A state-of-the-art football field has been developed and is now maintained for the benefit of the students at Government Senior College, VI.

Public Address System Donation: Contributing to the enhancement of educational facilities, NSIA has donated a modern public address system to facilitate effective communication within the school.

Educational Support: Acknowledging the importance of academic excellence, NSIA has donated 400 copies of JAMB and WAEC past question booklets to support the students in their educational journey.

The presentation ceremony was graced by key individuals, including Folayemi BALOGUN (Head of Human Capital Management), Amos ALAO (Head of Retail Agency), Chigoziem NKEM-IBEGBULAM (Head of Internal Control), Odunayo DEHINBO (Team Lead, Brand Management), Onyinye OTUOKERE (New Media and Special Projects Executive), Mrs. OYEDELE, Principal of Government Senior College and Prefects from the College.

Mrs. OYEDELE, expressed her joy, stating, “we are very happy about these gifts. It came so timely as the children are about to commence their inter-house sports activities.” A heartfelt thank-you speech was delivered by one of the prefects, who expressed, “Thank you, NSIA Insurance, for supporting us with these items. We are very grateful. It’s an honor to have you all here, and we say, Thank you.”

NSIA is committed to making a lasting impact in society. The school project is just one of the many causes it is dedicated to, and the firm looks forward to building on this foundation in the future.

About NSIA Insurance Limited

NSIA Insurance Limited is a leading composite insurance company driven by integrity, care, innovation, and professionalism. The head office is in Lagos, with a strong regional presence in Abuja and an extensive network in strategic states across the country. NSIA Insurance offers a wide range of insurance services at competitive rates to meet the changing financial, investment, and lifestyle needs of its corporate, commercial, and individual customers.

NSIA Insurance Limited (Nigeria) is part of NSIA Participations, which is currently present in 12 African countries; namely, Benin, Cameroon, Congo, Côte d’Ivoire, Gabon, Ghana, Guinea, Guinea Bissau, Mali, Nigeria, Senegal, and Togo.

NASENI, UNIDO to Partner on Renewable Energy Solutions, Industrial Dev

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Front row left: Representative of Bloomhill Agroservices, Germany, Elizabeth Ogbile; representative of (B) Energy, Germany, Katrin  Puetz; S.A on Strategy to the EVC/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Mohammed Mahmoud; team lead, United Nations Industrial Development Organisation (UNIDO) Investment and Technology Promotion Office (ITPO), Germany, Mr. Michael Schmidtz; Representative of the EVC/CEO of NASENI, Coordinating Director, Planning and Business Development, Mrs. Nonyem Onyechi; Coordinating Director, Science Infrastructure, NASENI, Prof Ibrahim Umar Gaya; Director, Finance and Accounts, Mr. Jibril R. Haske; and the Deputy Head, UNIDO Nigeria Office, Mr. Adekunle Olusile after a collaboration meeting between NASENI and UNIDO delegation on Monday, December 11, 2023 in Abuja.

The United Nations Industrial Development Organisation (UNIDO) is seeking the collaboration of National Agency for Science and Engineering Infrastructure (NASENI) to reduce energy poverty in the country via domestication of renewable energy solutions and to fast-track industrial development of the country.

The Deputy Head, UNIDO Nigeria Office, Mr. Adekunle Olusile who led a delegation to visit the Management of NASENI in Abuja, sought amongst others to facilitate German companies and research institutions’ collaborations with the Agency to reduce energy waste and support the present government’s food production agenda.

The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of NASENI, Mr. Khalil Suleiman Halilu, represented by the Coordinating Director, Planning and Business Development, Mrs. Nonyem Onyechi in company of top management of the Agency received the team, saying that the management appreciated UNIDO’s Office in Nigeria for extending hands of fellowship to NASENI.

Onyechi informed the visitors that NASENI has the mandate of driving Nigeria’s industrial development through technology transfer and domestication, production of capital goods to be ceded to small and medium enterprises (SMEs) and entrepreneurs generally.

In a short presentation on behalf of the Agency, Deputy Director, Engineering Infrastructure, Engr. Emmanuel Ajani, detailed various interventions, programmes and projects of NASENI in the renewable, agricultural and industrial sectors, showcasing to the delegation various technological innovations, products and machineries produced by NASENI.

The UNIDO Investment and Technology Promotion Office (ITPO) Germany Team Lead, Michael Schmidt said the organisation mobilises investments and technologies for sustainable industrial development and supports investors and companies by facilitating technology transfer from Germany to developing countries and economies in transition. Therefore, the visit to NASENI was more like a fact-finding, so that the areas of collaboration between German companies and the Agency could be established, leading to socio-economic development of the country.

He said the delegation was seeking to support President Bola Ahmed Tinubu government’s food production agenda through food processing and food packaging, reduction of energy waste through biogas production and renewable energy solutions such as solar PV, solar batteries, among others.

The Deputy Head, UNIDO Nigeria Office said he had identified several areas of collaboration from NASENI’s presentation, while adding that “Germany is very strong in renewable sector with several of its companies who are important to such partnerships and are seeking to know Nigeria’s plan to grow its solar PV usage before 2030.”

In order to take the conversations forward geared toward action, NASENI and UNIDO thereafter set up a working group or committee to drive the initiatives and also to bring all prospective partners on board.

Some of the German companies represented at the meeting held in Abuja included Bloomhill Agroservices, (B)energy, Wilo Pumps, GEA, EMPO-NI and University Weihenstephan Triesdorf amongst others.