Thursday, November 27, 2025
29.8 C
Lagos
Home Blog Page 2

CBN Disowns Operating Licence of ZULDAL Microfinance Bank

0

The attention of the Central Bank of Nigeria (CBN) has been drawn to the activities of an entity operating under the name Zuldal Microfinance Bank Limited, which reportedly has branches in Lagos, Abuja, Kaduna, and Kano, and claims to be licensed by the CBN to carry out microfinance banking in Nigeria.

The said Zuldal Microfinance Bank Limited is not a licensed Microfinance Bank and has no authorisation from the Central Bank of Nigeria to operate or carry out any form of banking or microfinance business in Nigeria.

For the avoidance of doubt, Section 2(1) of the Banks and Other Financial Institutions Act (BOFIA) 2020 stipulates that “no person shall carry on any banking business in Nigeria except it is a company duly incorporated in Nigeria and holds a valid banking licence issued by the CBN.”

The general public is therefore strongly advised to disregard any claims of licensing or approval by Zuldal Microfinance Bank Limited and to refrain from engaging in any financial transactions with the said entity, as such dealings are undertaken at the individual’s own risk.

The CBN remains committed to safeguarding the financial system and protecting members of the public from unlicensed and fraudulent institutions.

 

Sovereign Trust Insurance Celebrates International Men’s Day 2025

0

The Head of Corporate Communications and Investor Relations, Segun Bankole flanked by some of his colleagues. 

As the world marks the International Men’s Day, today, November 19, 2025, the Managing Director and Chief Executive Officer of Sovereign Trust Insurance Plc, Mr. Olaotan Soyinka has described the male employees of the underwriting firm as the very rudder responsible for steering the ship of the organisation to greatness in the quest for achieving excellence in every area of the company’s operations.

In his message to the male colleagues of the underwriting firm at a special session organized for them in commemoration of the global event, Soyinka seized the moment to eulogize them to the admiration of all. In his words:

“It has been a very elating experience for me having worked with you colleagues over the span of two decades that you have all stood the test of time even in the midst of those turbulent periods that one would have thought would consume us but alas, we have on every occasion come out unscathed. No doubt, we have been so blessed as an organisation to have the crop of men like you running the affairs of our great company in the last 30 years. You have all proven that you are men of valor and grit in the most professional manner that anyone can think of.”

The Executive Director, Finance and Corporate Services, Kayode Adigun, expressed appreciation on behalf of the male employees in the organization and particularly to the Managing Director/CEO for providing instructive leadership worthy of emulation. According to him, “right from the day I joined the organisation, I have never had any reason to doubt the capabilities and enormous potentials that my male colleagues have in their arsenal. The teamwork and cooperation have been quite phenomenal both from the male and female counterparts of the organisation.”

He equally enjoined his colleagues to also respect and honour their female counterparts as they are also a formidable force in the journey to attaining service excellence in the comity of insurance companies in the country.

He expounded on one of the core values of the organisation which borders on Teamwork and reiterated that what the company has been able to achieve till date despite all the seeming challenges in the Nigerian business landscape and the insurance industry in particular, can only be attributable to that very germane core value of teamwork and respect for one another within the organisation. In his words, “the success story of the organisation has not been fortuitous, but rather, it has been very intentional premised on hard work, dedication to duty and commitment to the business philosophy in words and in intent. As the world celebrate the men today, Sovereign Trust Insurance Plc is wishing all of them and the boys a hearty International Men’s Day celebration as they continue to provide the rudder for greater achievements in all spheres of life.”

 

100 SMEs Gain Clarity on Tax, Business Growth After Access Bank’s 3-Day SME Academy

0

L – R: Oge Kasie – Nwachukwu, Acting Group Head, Retail Marketing and Communications, Access Bank Plc; Modinat Tijani, Chief Executive Officer, Inclusive Development Consult Ltd; Olalekan Ajibade, Managing Director, Kaizen Paints; Abiodun Olubitan, Group Head, SME Banking, Access Bank Plc; Kemi Balogun, CEO, Anikky and Belles; and Chinonso Mbaike, Managing Director, Mummyzee Collections, during the presentation of certificates to participants of the Access Bank SME Academy 3-Day Free Training which ended in Lagos recently.

More than 100 small business owners who participated in Access Bank’s maiden SME Academy have commended the programme for demystifying tax compliance, improving their understanding of business structuring, and strengthening their financial management skills.

Participants described the three-day training as timely and transformative, particularly the sessions on taxation and business planning, which addressed long-standing gaps that have hindered the growth of many small enterprises. They noted that the academy helped dispel widespread misinformation following recent tax policy changes that had created anxiety among SME operators.

Gbenga Agoye of Grandmade Limited, a logistics and export company, said the tax module provided clarity on issues that previously stalled aspects of his operations.

“I’ve been struggling with that, so I quite had an impressive knowledge about what it is and how to go about it,” he said. He added that the classes on leadership and customer service were equally valuable in strengthening his service delivery and operational discipline.

Another participant, Mosebolatan Ladi-Lawal of M2M Stores, noted that she entered the academy with limited understanding of both old and new tax requirements.

“I didn’t know so much about the new tax, even the old tax, but we were really taught about it in this training and I believe it will help me scale better,” she said. She highlighted modules on VAT, business planning and the Pro-Max tax system as particularly impactful. According to her, learning the importance of structuring her business was a major takeaway: “Before, I was doing this one-man business. I have learnt now that I need to structure so that when I’m structured, I can diversify while this business can be managed effectively even in my absence.

The Academy focused on the most pressing challenges faced by early-stage enterprises, including valuation, proper record keeping, customer retention, and navigating evolving government policies.

According to Abiodun Olubitan, Group Head for SME Banking Products at Access Bank, these concerns were deliberately prioritised when developing the curriculum. She explained that the academy was designed for SMEs that have operated for at least two to five years and are now experiencing the complexities of scaling. “Valuation is a problem, taxation is another key thing, finance management. Then we had to delve into customer service so they are able to build their customer base and retain them,” she said.

Olubitan added that confusion triggered by the recent tax policy changes was a key reason for incorporating detailed tax education into the programme. “The most recent is the tax policy that just came out. It caused a lot of confusion. People are like, ‘Do I still need to run my business account?’” she said. She noted that the academy created space to simplify the rules and show SMEs how the new requirements directly affect their businesses.

She emphasised that Access Bank does not view government policies as harsh; rather, compliance feels burdensome because many small business owners lack the right guidance. She acknowledged that policymakers’ engagement with stakeholders, including SMEs and financial institutions, has improved in recent years. She also highlighted the availability of government-backed financing opportunities, such as those channeled through the Bank of Industry (BOI, even though access remains a challenge for many SMEs.

Olubitan further noted that Access Bank is extending support to unregistered businesses by recognizing consistent cash flow on personal accounts as a basis for credit qualification.

“We know that they are running their businesses. We can see you even at your state as an individual. We’ve also put together facilities to support them using that cash flow so that we can give them financial support, grow with them, even give them opportunities to now register their business and start identifying as an SME,” she explained.

She encouraged entrepreneurs to remain informed, leverage available support channels including social media and capacity-building programmes, and remain committed to the long journey of building a sustainable business. “Entrepreneurship is not a sprint, it’s a marathon,” she said.

Stanbic IBTC Secures 7 FMDQ Gold Awards for Financial Markets Excellence

0

Stanbic IBTC Holdings’ subsidiaries have been honoured for their outstanding performance in the Nigerian financial markets, receiving seven prestigious awards at the FMDQ Gold Awards. These accolades recognise the resilience and adaptability of participants in Nigeria’s financial sector and were presented to Stanbic IBTC Capital, Stanbic IBTC Bank, and Stanbic IBTC Asset Management across various categories.

Stanbic IBTC Capital received awards for Bond Listings, CP Quotations, and the Capital Markets Securities Origination – Primary Market Champion Award. Stanbic IBTC Bank was acknowledged as the Fixed Income Market Liquidity Provider, FX Market Liquidity Provider, and Dealing Member of the Year. Stanbic IBTC Asset Management was honoured as the Most Active Buy Side Participant in the Fixed Income Market.

These distinctions highlight Stanbic IBTC’s commitment to leadership and innovation in the financial sector. Each award demonstrates the team’s dedication and expertise, reinforcing its role as a facilitator of capital access for clients.

Commenting on the awards, Chuma Nwokocha, Chief Executive, Stanbic IBTC Holdings, said:

“At Stanbic IBTC, we are immensely proud to receive these prestigious accolades at the FMDQ Gold Awards. This recognition underscores our steadfast commitment to excellence and innovation in Nigeria’s financial markets. Our team’s dedication and resilience have played a vital role in achieving these milestones, and we remain focused on providing our clients with exceptional access to capital. Together, we will continue to lead and adapt in an ever-evolving financial landscape.”

The FMDQ GOLD Awards celebrate the resilience and agility of Nigerian financial market participants. Based on FMDQ’s ‘GOLD’ Agenda (Global Competitiveness, Operational Excellence, Liquidity, and Diversity), the awards recognise the significant contributions of stakeholders in shaping the markets and advancing the Nigerian economy across FMDQ’s Securities Exchange, Central Counterparty, and Depository.

Adding to this momentous occasion, Presco PLC, a valued client of Stanbic IBTC Capital, received the award for the Largest Corporate Bond Listing on FMDQ. This achievement further emphasises the positive impact of Stanbic IBTC Capital’s initiatives in the marketplace, showcasing the collaborative efforts that drive success in the financial sector.

Oladele Sotubo, Chief Executive, Stanbic IBTC Capital, stated, “We feel truly gratified to be hailed for our relentless efforts and dedication to excellence in our field. This award is not only proof of our hard work but also reflects the deep trust and confidence our clients place in us. Each recognition motivates us further to uphold our commitment to exceptional service while fostering meaningful partnerships. As we move forward, we remain passionate about enhancing our standards and providing committed support to our clients in all their pursuits.”

The recognitions received underscore Stanbic IBTC’s strengths and showcase broader advancements in Nigeria’s financial markets. The firm is dedicated to offering innovative financial solutions that drive economic growth and stability.

As the company celebrates this notable achievement, it looks forward to building on this momentum and continuing to strengthen relationships with its clients, ensuring sustained success and growth in the financial landscape.

“Our Commitment to Social Impact, Youth Empowerment, Pan-African Creativity Remains Unwavering.” – Ecobank

0

Ecobank Nigeria has reaffirmed its dedication to driving social impact, empowering young people, and promoting Pan-African creativity through strategic initiatives, partnerships, and community-focused programmes.

This was emphasised ahead of the Lineage of Masters’ tour of the ongoing Lagos Pop-Up Museum, scheduled to hold at the Ecobank Pan African Centre (EPAC) as part of the exhibition’s Reminisce Day activities.

A major highlight of the museum tour is the participation of the Lineage of Masters, a collective of contemporary Nigerian artists deeply influenced by the legendary Yusuf Grillo.

These artists continue to uphold and expand Grillo’s legacy through distinctive creative expressions across diverse media.

Artists exhibiting at the event include Kunle Adeyemi, Ato Arinze, Duke Asidere, Adeola Balogun, Samuel Ebohon, and Lara Ige-Jacks. Other members of the group expected at the tour are Ben Nwosa, Edosa Ogiugo, Lekan Onabanjo, Odun Orimolade, Sam Ovraiti, and Kehinde Sanwo.

According to Omoboye Odu, Head, SME, Ecobank Nigeria, the bank remains deeply invested in initiatives that strengthen communities, unlock youth potential, and celebrate Africa’s rich artistic heritage. “Our commitment to social impact, youth empowerment, and Pan-African creativity remains unwavering. We will continue to leverage our platforms, partnerships, and resources to positively shape lives and support the next generation of African leaders and creators,” she said.

Ecobank has been at the forefront of promoting African art and culture through exhibitions, pop-up museums, and collaborations with leading institutions.

The Lagos Pop-Up Museum—implemented in partnership with Yaba College of Technology—provides a dynamic platform for emerging and established artists to showcase their work, while offering the public an immersive experience in African artistic heritage.

In recent months, the bank has hosted and supported several high-profile cultural exhibitions, including:

  • Enduring Legacies: A Collector’s Tribute to Masters – a showcase of timeless African artworks from renowned private collections, celebrating creativity, culture, and continuity.
  • Duality of Time – a solo exhibition by Uchay Joel Chima, curated by Ayo Oshodi for ART FORM.
  • “The Crown and the Legacy”, a memorial exhibition honouring the late Oba Sijuwade, former Ooni of Ife (1980–2015).
  • The ongoing “Fela Kuti: Afrobeat Rebellion” exhibition, which reflects the bank’s belief in the power of art, music, and culture to inspire social transformation across Africa.

Beyond the arts, Ecobank continues to drive youth empowerment through entrepreneurship programmes, skills development initiatives, and support for MSMEs and start-ups. The bank also invests in community development and Pan-African innovation platforms designed to uplift underserved communities and create cross-border opportunities for young Africans.

Odu reiterated that these efforts align with Ecobank’s broader mission to promote sustainable development and champion Africa’s cultural and economic renaissance. “Our investments in the creative sector, youth development, and community impact projects are expressions of our belief in Africa’s future,” she added.

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

0

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

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

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

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

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

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

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

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

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

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

 

The Emirates A350 Makes Flypast Debut at 2025 Dubai Airshow

0

 

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

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

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

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

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

 

 

 

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

0

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

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

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

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

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

It is evident that these distortions go beyond mere misunderstanding.

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

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

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

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

 

 

Fidelity Bank Boosts Gymnastics Dev with Gymfest Championship 2.0 Sponsorship

0

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

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

0

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

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

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

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

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

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

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

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

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

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

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

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

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

 

NESG to Host Sports Africa Investment Summit 2026

0

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

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

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

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

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

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

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

About Sports Africa Investment Summit

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

About Sport Nigeria LTD/GTE

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

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

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

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

Leadway Assurance Unveils Adebisi Lamikanra as First Female Board Chairperson

0

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

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

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

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

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

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

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

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

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

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

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

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

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

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

About Leadway Assurance

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

About Mrs. Adebisi Lamikanra

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

 

 

FNBC Calls for Deeper Bilateral Collaboration to Drive Sustainable Growth

0

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

Emadeb Petroleum Achieves First Oil from Ibom Field

0

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

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

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

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

Ibom Field

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

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

Key Technical Milestones

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

Demonstrating Indigenous Capacity and Strategic Partnership

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

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

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

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

Looking Ahead

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

 

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

0

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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