Fidelity Bank Partners NCF, Lagos State to Promote Responsible Waste Management

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10/11/2025

L-R: Area Manager, Policy, Government and Public Affairs (PGPA), Field Operations, Chevron Nigeria Limited, Mr. Rilwanu Momodu; Chairman, Nigerian Conservation Foundation (NCF) National Executive Council, Hon. Justice R. I. B. Adebiyi; Special Adviser on Environment to the Lagos State Governor, Engr. Olakunle Rotimi-Akodu; Head, Brand Management, Fidelity Bank Plc, Mrs. Cynthia Ogbonna; and Chairman, House Committee on Environment, Hon. Olarenwaju Affinni; at the 19th edition of the NCF environmental advocacy program, tagged Walk for Nature in Lagos recently.

In a bold move to promote environmental sustainability and inspire a culture of responsible waste management amongst Nigerians, leading financial institution, Fidelity Bank Plc has donated large-capacity recycling bins to Yaba College of Technology (YABATECH), Lagos.

The donation was made during the 19th edition of the Walk for Nature event held on Saturday, November 1, 2025, at YABATECH.

The event, themed “Lagos, Let’s Beat Plastic Pollution,” was organised by the Nigerian Conservation Foundation (NCF) in collaboration with the Lagos State Government to raise awareness on plastic pollution and promote sustainable waste management practices.

Speaking at the event, Divisional Head, Brand and Communications, Fidelity Bank Plc, Dr. Meksley Nwagboh, affirmed the bank’s commitment to driving environmental consciousness and sustainability through consistent advocacy and impactful community initiatives.

“As a socially responsible institution, we integrate sustainability into our business and community impact programmes. Beyond reducing our carbon footprint through renewable energy deployment across our branches and ATM network, we are also deepening our advocacy for recycling and waste reduction.

“Through recycling partnerships with schools, tree planting campaigns, and environmental beautification projects in urban as well as underserved communities, we are committed to building a cleaner, greener, and more sustainable future. In line with this commitment, we are donating three large recycling bins to YABATECH to encourage responsible waste management and recycling among students,” he said.

Nwagboh equally applauded the Nigerian Conservation Foundation and the Lagos State Government for their collaborative efforts in driving environmental awareness, urging individuals and organizations to adopt eco-friendly lifestyles and reduce dependence on single-use plastics.

“Beating plastic pollution requires more than policies. It starts with each of us making conscious choices. By rethinking our consumption habits, reducing single-use plastics and embracing recycling, we can make Lagos a model megacity for environmental stewardship,” he emphasised.

In her address, the Chairman, National Executive Council, NCF, Hon. Justice R.I.B. Adebiyi, emphasised that plastic pollution remains one of the most pressing environmental challenges globally.

“This year’s Walk for Nature is unique because, for the first time, we are taking the awareness campaign directly to a tertiary institution. Young people represent the innovation and energy needed to build a cleaner future. Fidelity Bank’s donation of recycling bins to YABATECH is not just symbolic, it represents learning, responsibility, and change,” Justice Adebiyi stated.

Representing the Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu, the Special Adviser on Environment, Engr. Olakunle Rotimi-Akodu, also noted that plastic pollution has become a silent global crisis.

In appreciation of the donation, the Rector, Yaba College of Technology, Dr. (Engr.) Ibraheem Adedotun Abdul, thanked Fidelity Bank and the Lagos State Waste Management Authority (LAWMA), which also donated two additional bins to the institution.

“On behalf of Yaba College of Technology, we express our heartfelt appreciation to Fidelity Bank and the Lagos State Government for this thoughtful gesture. The recycling bins will be strategically positioned across campus and judiciously used to promote a culture of sustainability among our students,” he said.

The initiative, which aims to encourage students to adopt eco-friendly habits, strengthen the institution’s recycling, and waste management systems, is the latest of the bank’s ongoing environmental awareness and sustainability efforts.

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

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

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

Stanbic IBTC Pension Managers Supports ART X Lagos 2025 to Celebrate African Creativity

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07/11/2025

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As West Africa’s leading art fair, ART X Lagos, marks its 10th anniversary themed Imagining Otherwise, No Matter the Tide, Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, celebrates its ongoing belief in the power of art to spark dialogue, deepen knowledge, and strengthen community through its sponsorship of this year’s fair.

This year’s edition of ART X Lagos will take place from Thursday 06 – Sunday 09 November 2025, at The Federal Palace Hotel, Lagos, bringing together artists, collectors and enthusiasts from across the continent and beyond. The fair continues to serve as a leading platform for dialogue, discovery and celebration of contemporary African art.

As part of its sponsorship, Stanbic IBTC Pension Managers will present an interactive installation titled, The Library. Designed as a reflective hub for art, knowledge, and storytelling, The Library celebrates the depth and diversity of African narratives while connecting creativity with legacy and long-term value creation.

Speaking on the sponsorship, Olumide Oyetan, Chief Executive, Stanbic IBTC Pension Managers, said: “The arts have always served as both a mirror and a map, reflecting who we are while guiding us toward who we can become. Beyond that, art holds the unique power to connect ideas, generations and communities. Through the Library and the diverse works on display, we aim to showcase imagination as a force that shapes not only culture but how societies grow, connect and endure.”

Olumide added: “Just as the mangrove adapts to shifting tides, we are proud to celebrate imagination as a tool for renewal and shared understanding and to champion the resilience and preservation of knowledge for the future.”

Visitors to The Library will encounter curated materials from the Guest Artists Space (G.A.S.) Foundation, the ART X curator’s archives and ART X Cinema alongside an exhibition by a legendary Nigerian artist. We are indeed proud to sponsor The Library, a special project that embodies the spirit of curiosity and regeneration.

Through its support of The Library, Stanbic IBTC Pension Managers continues its tradition of championing initiatives that foster creativity, learning and cultural preservation.

The organisation views art not merely as an expression of beauty, but as a catalyst for progress – one that mirrors the same foresight, purpose and commitment that guide its mission to secure the future of millions of Nigerians.

NGX Reaffirms Leadership in Advancing Africa’s Islamic Finance Ecosystem

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07/11/2025

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Nigerian Exchange Limited (NGX) has reaffirmed its leadership in advancing Africa’s Islamic finance ecosystem through the strategic expansion of its Non-Interest Finance Board and active engagement at the 7th African International Conference on Islamic Finance (AICIF), held in Lagos from 4th to 5th of November 2025.

Organised by The Metropolitan Skills Limited in collaboration with the Securities and Exchange Commission (SEC), the two-day event convened policymakers, regulators, development partners, and market participants to explore policy reforms, product innovation, and strategies to unlock liquidity across Africa’s Islamic finance markets.

Speaking at the conference, Alhaji (Dr.) Umaru Kwairanga, Group Chairman, Nigerian Exchange Group (NGX Group), said NGX’s Non-Interest Finance Board has become a central platform for expanding access to Sharia-compliant financial instruments and attracting investors seeking transparency, inclusivity, and sustainability.

“Through the Non-Interest Finance Board, NGX is building a dedicated platform for Sukuk, Islamic collective investment schemes, and non-interest exchange-traded funds,” Dr. Kwairanga stated. “Our goal is to broaden market participation while channeling capital towards productive sectors of the economy.”

The Exchange currently hosts over ₦1.3 trillion in listed Sukuk, reflecting growing investor appetite for assets that deliver both financial returns and social impact.

In collaboration with the Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM), NGX continues to strengthen governance frameworks and deepen the non-interest capital market to attract a broader base of ethical investors.

Also speaking at the conference, Mr. Jude Chiemeka, Chief Executive Officer of NGX, highlighted the strategic role of non-interest finance in driving sustainable economic transformation and enhancing market inclusion.

“At NGX, our Non-Interest Finance Board represents more than a platform, it embodies our commitment to unlocking ethical capital, diversifying investment opportunities, and driving sustainable development,” said Chiemeka. “By leveraging innovation and strategic partnerships, we are creating pathways for inclusive growth and positioning Nigeria at the forefront of Islamic finance in Africa.”

Vice President Kashim Shettima, represented by Dr. Tope Fasua, Special Adviser to the President on Economic Matters, described Islamic finance as a credible mechanism for fostering equitable prosperity and sustainable development, urging broader adoption across African economies.

Nigeria’s non-interest capital market has recorded significant expansion in recent years, with sovereign Sukuk issuances raising over ₦1.4 trillion to fund multiple projects nationwide.

As the market continues to mobilise long-term, low-cost capital for infrastructure and sustainable development, Nigeria stands poised to lead Africa’s transition toward a more inclusive, ethical, and resilient financial future.

Sovereign Trust Insurance CEO, Olaotan Soyinka, Preaches Caution, Safety in the Ember Months

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07/11/2025

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Mr. Olaotan Soyinka, Managing Director of Sovereign Trust Insurance Plc, has called on Nigerians to be cautious and safety-conscious during this period of the ‘ember’ months so as to safeguard lives and properties.

While addressing the media at a recent function held in Lagos, Olaotan stated that the possession of Insurance Policies should not be a reason for carelessness by holders of such policies.

In his words: “While it is generally known that accidents are common during the ‘ember’ months as a result of increased activities during the period with people rushing to meet up with their goals as the year rounds up. It is advisable that even in the midst of such activities; we should still exercise caution so that we do not get involved in unnecessary mishaps that could have been averted.”

While speaking further at the occasion, the Managing Director/CEO of the underwriting firm said, “while it is not in dispute that insurance helps to mitigate against risks, it should not be taken as a license to throw caution to the wind and be careless” He cautioned that rather, Insurance should be seen as a respite in case of the unforeseen and inevitable.

It is widely known that cases of motor crashes, fire outbreaks and other perils are usually on the increase during the last months of the year, hence the need for caution to be exercised by all and sundry so as to prevent such misfortunes.

Sovereign Trust Insurance Plc, a company listed on the Nigerian Stock Exchange commenced business on Jan 2, 1995 and has a network of offices spread across major commercial cities in the country.

The company’s expertise is tailored towards non-life insurance products that include Motor Insurance, Fire and Property Insurance, Consequential Loss, All Risks, Houseowners/Householders’ Insurance, Burglary/Housebreaking, Professional Indemnity, Marine and Aviation Insurance, Personal Accident, Fidelity Guarantee, Cash-In-Transit, Products Liability, Machinery Breakdown, Contractor’s All Risk, Hulls and Passengers, Oil and Gas and a host of other policies under the stable of the organisation.

The underwriting firm drives its operations with top-notch technology with great emphasis on human capital development and career advancement for members of its staff.

Lagride Launches Low-Cost Omni to Disrupt Korope Transport in Lagos

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07/11/2025

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Lagos’ leading smart mobility platform has launched the Lagride Omni, a low-cost, air-conditioned shared-ride service designed for offices, churches, schools, and large groups.

The Omni represents a major step forward in modernising group transportation across the city, offering a safer, cleaner, and more co-ordinated alternative to the traditional Korope minibuses that many Lagosians use every day. Spacious, comfortable, and efficient, the Omni delivers a new kind of Lagos experience built on comfort, convenience, and community.

Early adoption has shown strong interest from individual riders who are choosing the Lagride Omni because of its lower cost compared to regular taxis and ride-hailing options.

Many are also booking it for convenience and comfort, enjoying the air-conditioned space and the ability to move together with friends, family, or colleagues without spending more. Unlike regular buses that stop repeatedly to pick up and drop off passengers, the Lagride Omni makes zero stops.

Each ride is private and direct, whether booked by an individual or a group on the Lagide app, and it still comes at an unbeatable price.

Speaking at the launch, Chief Diana Chen, Chairman of Lagride, described the Omni as a significant leap forward in the company’s mission to democratise mobility in Africa’s largest city. “Mobility is one of the greatest drivers of opportunity,” she said.

“By making modern transport affordable and accessible to every segment of society, Lagride is helping to build a more connected Lagos where movement creates meaning and community thrives.”

The Lagride Omni blends comfort, technology, and affordability in one seamless experience. Each vehicle is fully air-conditioned, GPS-enabled, and operated by trained drivers certified through the Lagride Academy, which ensures top safety and customer-service standards.

With space for up to six passengers, the Omni offers coordinated group rides that are reliable, comfortable, and cost-effective.

According to Mr Jubril Arogundade, Acting Managing Director of Lagride, the Omni was designed to meet the real needs of Lagosians who move together daily.

“With the Lagride Omni, one person can make a single booking and everyone joins the same ride,” he explained. “From offices to churches and community events, this is how Lagos will move together safely, conveniently, and in comfort.”

Modern Transport for Modern Groups

The Omni has been created for the rhythm of Lagos life: fast, collaborative, and always in motion. Every unit offers spacious seating, flexible route coordination, and a cool, comfortable interior that redefines what shared transport can be.

Organisations, churches, and schools can now plan coordinated group trips without the need for multiple taxis or unregulated buses.

The service is affordably priced and available through the Lagride app or via WhatsApp for bulk or event bookings. Payment options include corporate billing, pre-paid bookings, and cashless transactions, ensuring flexibility for every type of user.

Empowering Drivers and Strengthening Communities

Lagride is recruiting 1,000 new manual drivers to join the Omni fleet. Every driver will receive professional training and certification through the Lagride Academy, established in partnership with the Lagos State Government, LASTMA, and other transport-safety stakeholders.

Arogundade noted that the initiative is both a transport innovation and an empowerment programme. “We are creating opportunities for Lagosians to earn sustainable income while providing a better commuting experience for everyone,” he said.

“The Omni combines innovation with inclusion, and its impact will be felt across every community in the city.”

Malta Guinness, TRACE Naija Energise Campuses Across Nigeria with “In The City” Tour

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07/11/2025

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This year’s edition of the annual Trace In The City campus tour will go down as one of the most exhilarating, thanks to Nigeria’s premium malt drink, Malta Guinness.

In partnership with the tour’s organisers, TRACE Naija, the brand, renowned for fuelling the greatness and positive energy of Nigerians was on ground to give students a tour to remember for a long time.

The tour, designed to celebrate youth culture, creativity, and optimism, delivered unforgettable experiences filled with music, dance, and real connections.

From the University of Ibadan to the University of Abuja, University of Calabar, University of Uyo, and a grand finale at Yaba College of Technology, Lagos, the nationwide tour brought together thousands of students who were treated to live performances from some of Nigeria’s hottest acts including Falz, Qing Madi, Shoday, and Poco Lee. Each stop was packed with high energy moments, inspiring conversations, and vibrant displays of real Nigerian talent.

At the Malta Guinness activation zones, students enjoyed chilled cans of Malta Guinness, and immersed themselves in the brand’s World of Goodness. Dancers were not left out as students of each school competed in the Malta Guinness Steppers Challenge, winning cash prizes for themselves.

Malta Guinness also took it a step further by rallying each school towards a common goal, winning the Malta Guinness Goodness Challenge, which saw Yabatech coming in first, UniCal in second place, and UniIbadan in third place. The entire experience mirrored the everyday optimism that defines the Nigerian youth spirit – bold, expressive, and full of life.

Speaking on the brand’s involvement, Garima Khandelwal, Head of Non-Alcoholic Beverages, Guinness Nigeria, said: “Malta Guinness has always been more than just a drink; it is a symbol of positivity, energy, and real vitality. With our partnership with TRACE Naija, we are celebrating the youthful drive that keeps Nigeria moving. The ‘Trace In The City’ tour is our way of inspiring students to stay energized, and live life fully.”

Across campuses, the atmosphere was charged with music, laughter, and shared moments of joy. The Malta Guinness x ‘TRACE In The City’ Campus Tour reinforced the brand’s commitment to celebrating and elevating youth culture while fuelling everyday optimism among Nigerian students.

By bringing its signature energy to campuses nationwide, Malta Guinness once again demonstrated its commitment to championing real vitality and creating meaningful cultural moments that connect Nigerians everywhere.

RMRDC’s 30% Value Addition Bill Nears Presidential Assent

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06/11/2025

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Nigeria’s journey toward industrial self-sufficiency and sustainable economic growth has reached a defining moment as the Raw Materials Research and Development Council (RMRDC) 30% Value Addition Bill successfully passed its third reading in the House of Representatives, moving it closer to presidential assent by President Bola Ahmed Tinubu.

The bill, titled “A Bill for an Act to Amend the Raw Materials Research and Development Council Act, No. 28, 2022, to Provide for the Protection and Development of Nigeria’s Local Manufacturing and Processing Industries and Related Matters,” mandates that all raw materials produced or extracted in Nigeria must undergo a minimum of 30 percent local value addition before export.

This landmark legislation aims to drive industrialisation, create jobs, conserve foreign exchange, and enhance Nigeria’s gross domestic product (GDP) through expanded local processing and manufacturing. Once signed into law, the policy will discourage the export of unprocessed raw materials and catalyse the establishment of processing industries across the country.

The Director-General and Chief Executive Officer of RMRDC, Prof. Nnanyelugo Ike-Muonso, described the bill as a “critical piece of legislation” that aligns with the Council’s mandate to develop Nigeria’s raw materials base and strengthen local manufacturing capacity.

“The Raw Materials Value Addition Bill is a transformative step toward unlocking the full potential of Nigeria’s raw materials sector. Its implementation will create jobs, stimulate economic growth, and reduce poverty while ensuring that value generated from our natural resources remains within the country,” Prof. Nnanyelugo Ike-Muonso.

Prof. Ike-Muonso, a visionary leader under whose administration the bill gained significant traction, reaffirmed RMRDC’s commitment to building a competitive industrial ecosystem driven by innovation, quality, and sustainability.

He emphasised that the bill will reduce Nigeria’s dependence on imported inputs, improve the competitiveness of local products, and strengthen the foundation for industrial diversification.

RMRDC’s sustained advocacy and collaboration with stakeholders, including the 10th National Assembly, industry leaders, policymakers, and civil society organisations, have been instrumental in advancing the bill’s progress. These engagements have raised national awareness about the strategic importance of local value addition in raw material development.

Industry experts have lauded the bill as a game-changer capable of transforming Nigeria’s economic landscape. They note that promoting local value addition will enhance export quality, improve Nigeria’s balance of trade, and boost investor confidence in the country’s manufacturing sector.

The bill’s passage will also create opportunities for small and medium-scale enterprises (SMEs), the backbone of Nigeria’s economy, by enabling them to participate in value chains that were previously dominated by imported goods.

However, experts also highlight the importance of supporting infrastructure, reliable energy supply, and access to finance to ensure the bill’s effective implementation once it becomes law.

The legislative success of the RMRDC Value Addition Bill signifies a major stride toward actualising Nigeria’s industrial transformation agenda. With presidential assent imminent, the country stands on the verge of a breakthrough that could establish it as the industrial hub of Africa.

This bill has the potential to transform Nigeria’s economy and improve the lives of its citizens. We are optimistic that with the collective will of government, industry, and stakeholders, this milestone will usher in a new era of industrial prosperity.

As Nigerians await the President’s signature, the passage of the 30% Value Addition Bill stands as a testament to the collaborative efforts of the National Assembly, RMRDC, and stakeholders in shaping a more resilient and self-reliant economy for the nation.

Global InsurTech Funding Hits $1bn in Q3 2025

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06/11/2025

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According to a new report from Gallagher Re, global InsurTech funding was $1.01 billion in Q3 2025, down 7.3% from the $1.09 billion recorded in the prior quarter.

Gallagher Re observed a marked drop in deal count, with just 76 deals in Q3 2025, the lowest total since Q2 2020.

Overall, quarterly funding has reportedly totalled around $1.1 billion on average for 11 consecutive quarters.

Gallagher Re’s data has suggested that seven of the 11 quarters have recorded a funding total within a 20% swing of this mean average, and ten of the 11 quarters have recorded a funding total within a 30% swing.

Early-stage InsurTech funding also reportedly increased 6.8% in Q3 2025 compared with the same quarter of 2024, while almost three-quarters (74.8%) of InsurTech funding went to AI-centred companies.

“While the data underlying this trend has only been recorded in the past three years, there are signs that this consistency of investment could continue, such as an ongoing lack of mega-round funding, the closeness of individual deal totals to the mean average deal, and a shift towards investments into business models that support incumbents, rather than investing in startups designed to compete with them for customers,” the firm’s new report explained.

Global Head of InsurTech at Gallagher Re, Andrew Johnston, added, “Investor strategy has shifted away from massive, high-risk bets on a few companies to a more balanced approach.

“While the huge ‘winner-takes-all’ funding rounds are less common, the underlying market is still very active, shown by strong deal flow and early-stage funding volatility. This signals that while the appetite for pure venture risk is alive.”

Notably, commercial-focussed InsurTechs raised 470.7 million in funding over Q3 2025.

In fact, of the more than $60 billion that has been invested into InsurTechs since 2012, Gallagher Re estimates that around $9.3 billion has been invested into commercial-related InsurTech companies globally.

Gallagher Re’s report continued:

“Commercial insurance has evolved significantly over the past decade. In addition to commercial property, liability and workers’ compensation, the commercial insurance landscape now includes cyber, employee health insurance, gig economy/episodic coverage, pay-as-you-go coverage and the rise of coverage for assets that are used both personally and commercially.

“The line between personal lines and commercial lines is also blurring as the expectations of small business owners mirror those of individual consumers. The result is both InsurTechs and incumbent carriers adopting more of a D2C playbook, using tech to build omnichannel distribution models and increase customer engagement.”

Gallagher Re highlighted several key AI applications in commercial insurance, including extracting data from unstructured documents to give underwriters faster access to more information, validating insurance applications more accurately to reduce risk and fraud, and detecting patterns across portfolios to flag potential issues or poor underwriting decisions.

The firm’s report went on, “In commercial underwriting, the greatest impact comes from the use of workflow-enhancing AI tools, which can facilitate decision-support for human underwriters while also removing the labour-intensive but low-value-adding tasks (such as looking for generic outliers); freeing up underwriters to focus on complex risk judgments and relationship development.”

World Pension Summit 2025 Excellence, Innovation Awards Winners Unveiled

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06/11/2025

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Pensions & Investments is delighted to announce the winners of the P&I WorldPensionSummit 2025 Excellence & Innovation Awards, recognising achievements in a year that saw noteworthy entries across a wide range of retirement plans and initiatives.

Winners and runners-up were revealed at the annual P&I WorldPensionSummit, held in The Hague, Netherlands, November 4-6. The awards were presented by Julie Tatge, Editor-in-Chief at Pensions & Investments.

A panel of global retirement industry leaders, all members of the WorldPensionSummit advisory board, judged entries from across the globe.

Awards were presented across three categories: engagement and communication, investments, and pension fund design and reform. There was also a “judges’ choice” award in each category, recognizing initiatives that may not have ranked highest in terms of scoring, but that judges felt deserved recognition due to their unique nature or circumstances under which they were created.

The winners and runners-up are as follows:

COMMUNICATION & ENGAGEMENT

Winner: Real World Financial Literacy Initiative, LifeGoals Financial Services Ltd

The LifeGoals Real World Financial Literacy Initiative is a Cypriot program that looks to transform traditional financial education by immediately connecting learning with practical implementation.

Unlike traditional programs that teach concepts without application tools, participants can instantly implement every concept learned, from opening emergency fund accounts to enrolling in retirement plans with tax benefits.

According to the judges, the initiative combines financial education, technology and employer partnerships to improve the financial understanding and savings of members, which is an effective approach that extends beyond heavy reliance on technology alone. The model can also be easily replicated in many other countries.

Runner-up: Innovative Pension Options and Decision Support for AZPF Members, AstraZeneca Pension Fund, U.K.

Judges’ Choice award: The Biggest Vacation of Your Life, Swedbank Investicijų Valdymas, UAB, Lithuania

INVESTMENTS

Winner: Mobilizing Pension Assets in Real Sector and Infrastructure, C-Quadrat Ampega Asset Management Armenia

This initiative from C-Quadrat Ampega Asset Management Armenia seeks to address two issues.

Firstly, that the growth of pension assets is outpacing the supply of investable local currency assets, constrained by underdeveloped capital markets and regulatory limitations.

Second, that the Armenian economy faces an increased need for investment in infrastructure, human capital, and innovation.

The initiative comprises three key components. The first is the establishment of a Strategic Investment Fund, a privately managed investment vehicle that mobilises long-term private capital, including pension assets, to finance infrastructure projects and real sector companies.

According to judges, this was an innovative initiative and completely makes senses considering the limitations to invest in the Armenian markets.

Runner-up: KWAP Dana Perintis (Pioneer Fund), Kumpulan Wang Persaraan (Diperbadankan) [KWAP], Malaysia

Judges’ choice award: The expansion of the investment regime in the Retirement Savings System, National Commission of the Retirement Savings System (CONSAR), Mexico

PLAN DESIGN & REFORM

Winner: Your Employee Saver, HAYAH Insurance Company P.J.S.C., UAE

Your Employee Saver by HAYAH has been designed to be the Middle East’s first comprehensive digital pension ecosystem designed specifically for expatriate workforces. This voluntary contribution platform integrates end of service benefits with flexible voluntary savings mechanisms for both employers and employees.

YES operates as a dual-purpose solution that transforms static end of service benefit arrangements into actively managed investment portfolios while simultaneously offering voluntary contribution capabilities.

YES also looks to address the unique needs of an internationally diverse workforce.

According to judges, the innovation is ambitious and moves pension design to a new level based on the concept of an ecosystem, including an advanced technological platform, corporate integration complexity and an ambition of user centric experience.

Runner-up: Innovation with purpose: CAAT’s DBplus with GROWTHplus Investment Account, CAAT Pension Plan, Canada

Runner-up: Contributory Pension – Digital Transformation and Lifecycle-Based Pension Services Reform, Employees Provident Fund, Nepal

Judges’ choice award: Axis Pension Plan, Axis Pension Trust LTD, Ghana.

Leadway Pensure PFA Celebrates 20 Years of Trust, Service, Innovation

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06/11/2025

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Leadway Pensure PFA, a Pension Fund Administrator in Nigeria, proudly celebrates its 20th anniversary. This milestone marks two decades of trust, exceptional service delivery and value creation in its mission to protect the financial wellness of Nigerian workers.

Over the last 20 years, the PFA has served thousands of customers across Nigeria and beyond, standing as a clear testament to its commitment to providing financial stability at various stages of workers’ career journeys.

Speaking on this remarkable achievement, Olusakin Labeodan, MD/CEO, Leadway Pensure PFA, stated:

“As we celebrate 20 years of Leadway Pensure PFA, this milestone is more than a celebration of longevity, it is a tribute to trust, service and innovation. From the very beginning, our mission has been very clear, to deliver a pension system without barriers. Over two decades, we have transformed this vision into reality by simplifying pension access, embracing cutting-edge technology, and ensuring our services are always within reach. With a presence nationwide, a robust mobile platform and the AI-powered assistant LISA, we have placed pension services within the reach of eligible Nigerians.

We have supported countless customers in achieving life goals, from retirement to home ownership, by ensuring access, clarity and care at every step. This is a testament to the strong relationships and legacy we have built with every customer. Trust is at the heart of our service, propelling us to uphold world-class standards and earning us global certifications such as ISO/IEC 27001:2022 for information security, a mark of our unwavering commitment to safeguarding our customers’ funds,” he added.

Looking ahead, the company is committed to promoting youth-focused financial literacy, growing personal pension plans and strengthening customer engagement across every stage of the pension journey.

“The next years and beyond will be shaped by the same dedication that brought us this far, a future-forward mindset, a culture of excellence, and an unyielding promise to stand by our customers every step of the way,” Olusakin concluded.

As it commemorates 20 years of service, Leadway Pensure reaffirms its commitment to simplifying retirement planning, delivering consistent value, and driving financial inclusion across Nigeria. With a clear vision for the future, the firm remains dedicated to being the trusted partner in providing financial wellness for generations to come.

About Leadway Pensure

Leadway Pensure PFA is a leading pension administration and fund management firm serving value-driven individuals, corporate organisations, and federal and state institutions.

Built on expertise, transparency and trust, Leadway Pensure PFA delivers simple, coherent, efficient and outstanding financial services to clients and stakeholders.

Emirates Reports $3.3bn Profit, Maintains Position as World’s Most Profitable Airline

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06/11/2025

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The Emirates Group has announced a new record half-year financial performance, posting a profit before tax of US$ 3.3 billion for the first six months of 2025-26, making this the fourth consecutive year of record profitability for the half-year reporting period.

After accounting for income tax charges, the Group’s profit after tax is AED 10.6 billion (US$ 2.9 billion), up 13% from last year.

Group revenue was AED 75.4 billion (US$ 20.6 billion) for the first six months of 2025-26, up 4% from AED 70.8 billion (US$ 19.3 billion) last year.

The Group closed the first half year of 2025-26 with a record cash position of AED 56.0 billion (US$ 15.2 billion) on 30 September 2025, compared to AED 53.4 billion (US$ 14.6 billion) on 31 March 2025.

The Group has been able to tap on its own strong cash reserves to support business needs, including funding for new aircraft deliveries and servicing existing debt obligations. The Group also paid the remaining AED 2 billion (US$ 545 million) in dividend to its owner, of the AED 6 billion (US$ 1.6 billion) declared during the financial year 2024-25.

His Highness (HH) Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group said: “The Group has once again delivered an outstanding performance, surpassing our half-year results of last year to achieve a new record profit for H1 2025-26. I’m delighted to note that Emirates maintains its position as the world’s most profitable airline for this half-year reporting period.

“This performance was primarily driven by the unflagging demand and growing customer preference for our product and services, which drove revenue growth and profitability.

“Emirates and dnata have invested billions to continually enhance our products and services, to bring new products to market, to improve our operations through innovation and technology, and to look after our employees who ensure our customers’ safety and satisfaction. These are core to our DNA.

“The Group’s strong profitability enables us to continue making these investments, and to scale up our proven business models in concert with Dubai’s growth as a global city of choice for talent, for businesses, and for tourists.”

HH Sheikh Ahmed added: “Global demand for air transport and travel services has been buoyant, despite geo-political events and economic concerns in some markets. We expect this demand resilience to continue for the rest of 2025-26 and look forward to increasing our capacity to grow revenues as new A350 aircraft join the Emirates fleet, and new facilities come online at dnata.”

To support increased operations and business activities, the Emirates Group’s employee base, compared to 31 March 2025, grew 3% to an overall count of 124,927 on 30 September 2025. Both Emirates and dnata have ongoing recruitment drives to support their future requirements.

Emirates continued to enhance its network and connectivity options through its Dubai hub. During the first half of 2025-26, Emirates launched new flight services to: Danang, Siem Reap, Shenzhen and Hangzhou. At 30 September, Emirates’ passenger and cargo network spanned 153 airports in 81 countries and territories.

Between 1 April and 30 September, Emirates received delivery of 5 new A350 aircraft, adding more Business Class and Premium Economy seats into the airline’s inventory. During this period, 23 aircraft (6 A380s, 17 Boeing 777s) with fully refreshed interiors rolled out of the airline’s US$ 5 billion retrofit programme.

This enabled Emirates to bring its latest cabin products to even more markets, including the industry-leading Emirates Premium Economy. By 30 September, Emirates Premium Economy was available to customers flying between Dubai and 61 cities.

On ground, “Emirates First” opened at Dubai Airport, offering First Class customers and Platinum Skywards members a luxurious private check-in area and experience. In the first six months of 2025-26, Emirates accelerated the roll-out of its retail strategy with the opening of new concept travel stores in Accra, Bangkok, Geneva, Jakarta, Mauritius, Osaka, Seoul, and Singapore.

In the first half of 2025-26, Emirates made notable investments to boost its global brand visibility. The airline signed multi-year sponsorship deals to become Platinum Partner of FC Bayern Munchen, Official Main Sponsor of Real Madrid Basketball, and Premium Partner and Official Airline Partner of the Investec Champions Cup and European Professional Club Rugby (EPCR) Challenge Cup.

Emirates also extended its partnership with ATP as Premier Partner and Official Airline of the ATP Tour up to 2030, and its shirt sponsorship with Olympique Lyonnais until 2030.

Overall capacity during the first six months of the year increased by 5% to 31.3 billion Available Tonne Kilometres (ATKM) due to expanded flight operations. Capacity measured in Available Seat Kilometres (ASKM), increased by 5%, whilst passenger traffic carried measured in Revenue Passenger Kilometres (RPKM) was up by 4% with an average Passenger Seat Factor of 79.5%, compared with 80.0% during the same period last year. Emirates carried 27.8 million passengers between 1 April and 30 September 2025, up 4% from the same period last year.

Emirates SkyCargo transported 1.25 million tonnes in the first six months of the year, up by 4% compared to the same period last year.

Emirates SkyCargo added capacity from 3 new Boeing 777 freighter delivered. In April, the cargo division launched Emirates Courier Express, an innovative product that leverages the power of the airline’s global network to provide door-to-door express shipping services for businesses.

Cementing its position as the world’s most profitable airline for the half year reporting period, Emirates profit before tax for the first half of 2025-26 hit a new record of AED 11.4 billion (US$ 3.1 billion), compared to AED 9.7 billion (US$ 2.6 billion) last year. Emirates profit after tax is AED 9.9 billion (US$ 2.7 billion), up 13% from last year.

Emirates’ operating costs (including fuel) grew by 4% in line with increased operations. Fuel remains the largest component of the airline’s operating cost at 30%.

The data also saw strong growth in the first six months of 2025-26, as it continued to ramp up operations across its cargo and ground handling, catering and retail, and travel services businesses.

Zest Receives Dual Honours at 2025 MSME Finance, CEO Awards

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Business Journal

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06/11/2025

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Zest Payments is proud to announce that it has been honoured with two prestigious recognitions at the 2025 MSME Finance and CEO Awards, organised by the Africa Global Economic Forum.

Zest emerged as the MSME Fintech Payment Platform of the Year, acknowledging the company’s innovation, reliability, and impact in driving seamless payments for businesses of every size across Nigeria and beyond.

In addition, Dr. Stanley Jacob, Chief Executive Officer of Zest Payments, was named MSME Digital Finance CEO of the Year, in recognition of his visionary leadership, strategic excellence, and commitment to advancing digital transformation in Africa’s financial ecosystem.

These recognitions reaffirm Zest’s unwavering dedication to excellence, payment innovation, and customer-focused solutions that empower entrepreneurs and MSMEs to thrive in an increasingly digital economy.

Speaking on the awards, Dr. Stanley Jacob expressed appreciation to the organisers and the Zest team, noting that the recognition reflects the company’s consistent pursuit of innovation and service excellence.

“This honour underscores the collective effort of our incredible team and partners who share our mission of redefining payments for MSMEs. At Zest, we remain committed to building inclusive, technology-driven solutions that simplify business growth and strengthen the digital economy,” he said.

The MSME Finance and CEO Awards celebrate organisations and leaders driving meaningful progress in financial services, technology and enterprise support across Africa.

Lasaco Assurance Champions Maternal Health with Safe Start Initiative

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Business Journal

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06/11/2025

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From left: Mrs. Usifoh Sessin, Nursing Officer, Ogba Primary Health Centre; Mr. Adesoji Onaadepo, Head, Internal Audit, Lasaco Assurance Plc; Ms. Oluseye Smart, Head, Corporate Communications, Lasaco Assurance Plc; Mrs. Mojibola Sonibare, Head, Underwriting, Lasaco Assurance Plc; and Ms. Alabi Mayorkun, Senior Nursing Officer, Ogba Primary Health Centre, during the Safe Start Initiative organised by Lasaco Assurance Plc at Ogba Primary Health Centre, Ogba, Ikeja, Lagos.

Lasaco Assurance Plc has launched the Safe Start Initiative, a maternal health support programme aimed at promoting safer motherhood and reducing infant health risks in underserved communities.

The initiative debuted on Tuesday at the Ogba Primary Health Care Centre, Ikeja, where Lasaco Assurance Plc distributed maternity kits to new and expectant mothers. Each kit contained essential hygiene and childcare items such as underlays, antiseptics, maternity pads, and baby diapers, designed to support proper care and hygiene after childbirth.

Beyond the donations, the company held an interactive session on insurance-backed education plans, encouraging mothers to secure their children’s future through early financial planning and practical savings strategies.

Speaking at the event, Mojibola Sonibare, Head of Underwriting, Lasaco Assurance Plc, said the Safe Start Initiative goes beyond providing materials, as it is about empowering women with knowledge, care and foresight.

“Every item in the maternity kit was thoughtfully selected to ease the journey of motherhood. And through the session on insurance education plans, we aim to help families see that securing their children’s future starts with simple, practical steps,” she said.

She added that maternal and infant health are central to the nation’s well-being, stressing that the initiative is part of Lasaco Assurance’s broader commitment to safer births and healthier beginnings for mothers and their babies.

Adedayo Adetokun, Head, Strategy, Research and Communications described the initiative as a reflection of Lasaco Assurance’s long-standing philosophy of giving back to society through impactful social investments and community partnerships.

The event drew participation from community health officials and mothers who expressed heartfelt appreciation for the support. The event drew participation from community health officials and mothers who expressed heartfelt appreciation for the support.

While many have described the initiative as a welcome relief amid rising healthcare and childcare costs, Oluseye Smart, Head, Corporate Communications, views it as a meaningful way of giving back to families, supporting the nurturing of newborns and promoting healthier homes.

The Safe Start Initiative underscores Lasaco Assurance’s ongoing commitment to nurturing healthier families and communities as part of the ways the company demonstrates that its purpose extends beyond insurance.

To conclude the programme, Mr. Adesoji Onaadepo, Head of Internal Audit, encouraged all mothers to care diligently for their children, describing them not only as the leaders of tomorrow but also as the enduring hope for the future.

Senate Confirms Board of NCC

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Business Journal

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05/11/2025

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Following a successful screening by its Committee on Communications, the Senate on Tuesday confirmed the appointment of Idris Ibikunle Olorunnimbe (representing South West) as Chairman of the Board of the Nigerian Communications Commission (NCC).

Adopting the Committee’s report during its plenary session, the Senate also confirmed Maryam Bayi (North East), Senator Ramoni Olalekan Mustafa (South West), and Ikechukwu Ugwuegede (South East) as Commissioners of the NCC Board.

Other members of the Board confirmed by the Senate are Princess Oforitsenere Emiko (South South) and Christopher Sandy Okorie (South South).

The Chairman and Commissioners join the Executive Vice Chairman, Dr Aminu Maida (North West), Executive Commissioner – Technical Services, Engineer Abraham Oshadami (North Central) and Executive Commissioner – Stakeholder Management, Rimini H. Makama (North Central), who had been previously confirmed on the Board.

P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

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Business Journal

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05/11/2025

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P+ Measurement Services, Nigeria’s leading independent media intelligence and PR measurement agency, will proudly host the 2025 edition of AMEC Measurement Month in Nigeria on Friday, November 28, 2025, from 12:00 p.m. to 2:00 p.m. (WAT) via Google Meet.

Themed “From Outputs to Outcomes: Measuring What Matters,” this year’s event will convene leading professionals across communications, public relations, and media analytics to explore how brands and organizations can evolve from counting coverage to quantifying true impact.

With an ever-growing demand for accountability and data-driven storytelling, the event will challenge traditional measurement practices and spotlight how purposeful evaluation can shape strategy, strengthen trust, and demonstrate tangible business results.

The session will feature an impressive lineup of six distinguished speakers representing diverse expertise across PR, corporate communications, and media evaluation: Amber Daugherty of Big Valley Marketing; Chris Wangalwa, Director, Africa Strategic Communication Hub (ASCH); Adaoha Njemanze, Founder and Principal Consultant, NOVVA Media & Communications; Adedoyin Jaiyesimi, Communications Advisor and Co-Founder, The Comms Avenue; David Akinfenwa, Head, Corporate Communications and Public Relations, Selar; and Iskren Lilov, Head of Marketing and Communications, Ruepoint / AMEC Comms Taskforce Lead.

Together, they will lead insightful discussions on outcome-based measurement, exploring how communicators can align metrics with business goals, demonstrate ROI, and embrace innovation without losing the human touch in analytics.

Speaking on the upcoming AMEC Measurement Month event, Philip Odiakose, Chief Media Analyst at P+ Measurement Services and a member of the IPR Measurement Commission, said:

“AMEC Measurement Month has grown into a meaningful tradition for us at P+. We are proud to have championed and hosted this initiative in Nigeria consistently for nine years. It serves as a global reminder that communication is not merely about being seen, but about making a measurable difference. This year’s theme challenges practitioners everywhere to go beyond activity and truly evaluate value, linking communication efforts to outcomes that drive progress for organizations and the societies they serve.”

About P+ Measurement Services

P+ Measurement Services is Nigeria’s foremost media intelligence and public relations measurement agency. As a trusted partner to brands and communication teams, the agency provides data-driven insights that evaluate media performance, reputation impact, and communication effectiveness.

Through its commitment to ethical measurement practices and global standards, P+ empowers organisations to make informed decisions that drive meaningful business outcomes.

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