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NHEA 2026 to Honour Healthcare ICONS as Nigeria’s Premier Healthcare Awards Returns on June 26

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  • Minister of State for Health to Attend as Special Guest of Honour; Lagos Governor Named Chief Host

The Nigerian Healthcare Excellence Awards (NHEA), Nigeria’s most prestigious healthcare recognition platform, has announced the recipients of its 2026 Lifetime Achievement Awards and Special Recognition Awards ahead of the grand ceremony scheduled for Friday, June 26, 2026, at Eko Hotel & Suites, Victoria Island, Lagos.

The event will bring together healthcare leaders, policymakers, regulators, investors, development partners, healthcare professionals, and key stakeholders from across the healthcare ecosystem to celebrate excellence, innovation, leadership, and outstanding contributions to healthcare development in Nigeria.

The Honourable Minister of State for Health and Social Welfare, Dr. Iziaq Adekunle Salako, will attend the event as the Special Guest of Honour, while the Executive Governor of Lagos State, Mr. Babajide Olusola Sanwo-Olu, will serve as the Chief Host.

This year’s Lifetime Achievement Awards will be conferred on distinguished healthcare icons whose contributions have left an enduring impact on healthcare delivery, medical education, specialist training, healthcare financing, and health system development in Nigeria and beyond.

The recipients are:

Emeritus Professor Samuel Chukwunonyerem Ohaegbulam, one of Africa’s most distinguished neurosurgeons and medical educators, recognised for his pioneering contributions to neurosurgery, specialist training, medical education, and healthcare leadership in Nigeria and across the continent.

Sir Ike Onyechi, an accomplished pharmacist, entrepreneur, and healthcare leader honoured for over four decades of exceptional service to pharmacy practice, healthcare entrepreneurship, professional development, and philanthropy.

Dr. Ladi Awosika, a pioneer of healthcare financing and private healthcare development in Nigeria, recognised for his transformative contributions to health insurance, healthcare reform, and health system strengthening.

In addition, the NHEA 2026 Special Recognition Awards will honour outstanding leaders whose contributions continue to redefine excellence within their respective fields.

Professor Kingsley Ekwueme will receive the Diaspora Special Recognition Award for Pioneering Leadership in Robotic and Minimally Invasive Surgery for his groundbreaking work in advancing robotic surgery and modern surgical innovation in Nigeria, West Africa, and the United Kingdom.

Professor Mildred Edet John will receive the Special Recognition Award for Excellence in Nursing Leadership, Education and Professional Development in recognition of her remarkable contributions to nursing education, mentorship, professional development, and healthcare leadership across Nigeria and the West African sub-region.

Speaking ahead of the ceremony, Dr. Wale Alabi, Project Director, NHEA, described the 2026 edition as a celebration of resilience, innovation, and excellence across Nigeria’s healthcare landscape.

” For over a decade, NHEA has remained committed to celebrating the institutions and professionals whose work continues to transform healthcare delivery in Nigeria. This year’s award recipients represent some of the finest examples of leadership, innovation, service, and commitment to improving health outcomes for Nigerians. We are particularly excited about the quality of nominees and the rigorous process that has produced this year’s finalists and winners.”

Also speaking ahead of the event, Moses Braimah, Director of Marketing, Communication and Strategy, NHEA, noted that the award has become one of the most respected healthcare recognition platforms on the continent.

” NHEA is more than an award ceremony; it is a movement that shines a spotlight on excellence and inspires higher standards across the healthcare industry. The credibility of our process—anchored on public participation, independent verification, research, and jury review—continues to strengthen stakeholder confidence and reinforces the value of recognition as a catalyst for progress.”

Braimah added that the 2026 ceremony promises to be one of the most memorable editions in the history of the awards.

 

” From the quality of nominees to the calibre of dignitaries, award recipients, partners, and healthcare leaders expected to be in attendance, this year’s event will be a celebration of achievement, innovation, and the future of healthcare in Nigeria.”

The organisers disclosed that the NHEA 2026 awards process has now been successfully completed following months of nominations, public voting, independent verification exercises, auditing, stakeholder reviews, and extensive research conducted by the Advisory Board, Independent Jury, and technical assessment teams.

From a highly competitive field of more than 120 nominees spanning hospitals, healthcare professionals, diagnostic centres, health insurance organisations, pharmaceutical companies, health technology providers, public institutions, and other healthcare stakeholders, approximately 26 winners will be unveiled during the awards ceremony.

The organisers emphasized that NHEA’s credibility continuously anchors on a rigorous and transparent evaluation process designed to reward merit, excellence, innovation, impact, and measurable contributions to healthcare development.

Now in its twelfth year, NHEA remains the benchmark platform for recognising individuals and organisations whose work is advancing healthcare delivery and improving health outcomes across Nigeria.

The 2026 edition is themed” Innovation, Local Manufacturing and Digital Transformation,” highlighting the critical role of technology, local capacity development, and innovative solutions in strengthening Nigeria’s healthcare system and driving sustainable progress.

The Nigerian Healthcare Excellence Award (NHEA) is organised by Global Health Project and Resources in collaboration with Anadach Group, USA, and is proudly supported by PharmAccess and Digital Clinical Laboratory (DCL) as Title Sponsors.

Over the years, the awards have emerged as Nigeria’s foremost platform for recognising and celebrating excellence, innovation, leadership, professionalism, and outstanding contributions across the healthcare value chain.

 

 

World Public Summit Comes to Africa for the First Time as Global Influencers Gather in Ethiopia in July

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Africa is set to capture the centre-stage again. For the first time ever, the World Public Summit will be held on the African continent.

On July 29-30, 2026, Addis Ababa, the capital of Ethiopia, will host global leaders and change makers for the historic Summit. Africa under the theme, “A New World: Africa in Shaping a Shared Future.”

The Summit is organised by the World Peoples Assembly in cooperation with African partner organisations. It will bring together leaders of public diplomacy, representatives of international intergovernmental and non-governmental organizations, academics, experts, representatives of the education and cultural sectors, youth leaders, socially responsible businesses, media professionals, and civil society institutions from across Africa and other regions of the world.

The World Public Summit. Africa continues the work initiated during the First World Public Assembly “A New World of Conscious Unity,” held in Moscow in September 2025, and serves as one of the key milestones in preparation for the Second World Public Assembly “A New World: Values That Unite,” which will take place in Moscow on 18–19 September 2026.

Today, Africa is emerging as one of the principal centres of global development. Rapid demographic growth, expanding entrepreneurship, strengthening regional integration, rich cultural heritage, and the growing role of civil society institutions make the continent an increasingly important contributor to the future architecture of international cooperation.

The Summit will focus on issues of genuine sovereignty and sustainable development, public diplomacy, preservation of cultural and historical heritage, international cooperation in education and science, youth engagement, innovation-driven development, creative industries, and the formation of new partnerships among countries and peoples.

The main business programme of the Summit will take place on 30 July 2026 at the headquarters of the United Nations Economic Commission for Africa (UNECA) in Addis Ababa. Holding the Summit at UNECA highlights its pan-African dimension and creates opportunities for broad international dialogue on humanitarian cooperation and public diplomacy.

The programme will include plenary sessions, strategic dialogues, and expert panels dedicated to values-based development, education, culture, youth leadership, innovation, and international cooperation.

Participation has already been confirmed by Professor Saidou Madougou, Director of the Department of Education, Science, Technology and Innovation of the African Union; Rita Bissoonauth, Director of the UNESCO Liaison Office to the African Union and UNECA in Addis Ababa; Zuzana Schwidrowski, Director of the Macro-economics, Finance and Governance Division of UNECA, as well as ministers, leaders of public organisations, and representatives of the business community from a number of African countries.

On the same day, the ADWA Victory Memorial Museum — Ethiopia’s national memorial complex dedicated to the Victory of Adwa and an important centre for preserving the historical memory of the Ethiopian people — will host the award ceremony of the regional stage of the V International Competition “Leader of Public Diplomacy”, followed by a large-scale cultural programme.

One of the key outcomes of the Summit will be the adoption of the African Communiqué, reflecting proposals and recommendations aimed at strengthening humanitarian, educational, cultural, and public cooperation between African countries and other regions of the world.

The outcomes, initiatives, and recommendations developed during the World Public Summit. Africa will be presented at the Second World Public Assembly “A New World: Values That Unite”, to be held in Moscow on September 18-19, 2026.

According to Andrey Belyaninov, General Secretary of the World Peoples Assembly, “the Addis Ababa Summit is an important step toward building a new world founded on mutual respect, cultural diversity, dialogue and sustainable development”

 

What Nigeria’s Floundering Anti-Terror Campaign Can Learn from Ukraine’s Robot War

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By Elvis Eromosele

For over a decade, Nigeria has been locked in a gruelling war of attrition. From the blood-soaked plains of the Northeast, where Boko Haram and ISWAP splinter cells mutate, to the dense forests of the Northwest, Middle Belt and South West, where ruthless bandit cartels execute mass kidnappings with impunity, the nation is bleeding.

Despite billions of naira funnelled into defence budgets, the Nigerian military frequently appears as hapless as the civilian population it is sworn to protect. Troops are overstretched, intelligence is habitually compromised, and conventional infantry tactics are failing against a fluid, asymmetrical enemy. Public anxiety is mounting.

Meanwhile, thousands of miles away in Eastern Ukraine, a radical blueprint for modern survival is being drafted. Facing a severe manpower crisis and relentless aggression, Kyiv has digitised its frontline.

As detailed by CNN’s Nick Paton Walsh, the Ukrainian military is increasingly relying on an “unmanned army”, a network of reconnaissance drones, remotely piloted ground vehicles, and automated machine-gun nests operated by soldiers sitting in gamer chairs miles away from danger.

If Nigeria is to rescue its citizenry from the brink of total insecurity, the defence headquarters must abandon mid-20th-century conventional warfare. It must embrace Ukraine’s brutal, brilliant realisation that in the face of a manpower crisis and an elusive enemy, technology must do the bleeding.

The Nigerian military’s current operational model is unsustainable. Soldiers endure gruelling, seemingly endless deployments in hostile terrain like the Sambisa Forest or the Kankara bush, leaving them physically exhausted and psychologically drained.

This mirrors the human toll seen in Ukraine, where frontline soldiers like “Crow” and “Creepy” spent nearly a year nonstop in dugouts. In Nigeria, this fatigue leads to catastrophic security lapses, vulnerable outposts, and a reactive military posture that only arrives after villages have been pillaged.

Ukraine’s technological evolution was born out of sheer necessity. By using unmanned ground vehicles (UGVs) and Unmanned Aerial Vehicles (UAVs), a single unit, the Third Assault Brigade, achieved the combat efficacy of 2,300 troops using a fraction of the personnel, effectively saving a thousand Ukrainian lives from the meat-grinder of the frontlines.

Now, Nigeria does not need multi-million-dollar fighter jets to turn the tide; it needs a decentralised, tech-driven doctrine.

First, in Ukraine, “embedded hardware and software engineers” like 22-year-old Gora are the new frontline heroes. They modify cheap, four-wheel chassis robots to carry massive payloads of explosives directly into enemy trenches, machines the enemy has dubbed “silent death.”

Nigeria boasts one of the most vibrant tech ecosystems in Africa, centred in hubs like Yaba, Lagos. By partnering with local tech talent (think Terra Industries), the Ministry of Defence could mass-manufacture low-cost, rugged UGVs capable of navigating the rough terrain of the North.

Instead of sending an infantry platoon to raid a suspected bandit camp, the military could send a vanguard of remote-controlled, explosive-laden rovers.

Secondly, one of the most terrifying aspects of Nigeria’s insecurity is the vulnerability of remote villages and boarding schools. Here, Ukraine’s “Ciber” unit provides a solution. They utilise heavy machine guns mounted on tank tracks that can hide in foliage for days without needing food, water, or sleep.

Deploying static, camouflaged, remotely operated weapon stations around vulnerable border towns and critical infrastructure would provide an instant, lethal deterrent. Armed with wide-angle thermal cameras, a single remote operator in Abuja or Kaduna could police multiple perimeter checkpoints, cutting off bandit raid routes before they reach civilian centres.

In addition, ambushes on logistics convoys frequently cost the lives of Nigerian troops. Ukraine solves this by strapping ammunition, food, and water onto autonomous resupply robots that trundle down mud paths silently, guided by a pilot miles away in a bunker.

Implementing remote resupply units in theatre operations like Operation Hadin Kai would keep frontline forward operating bases stocked without risking valuable human lives on improvised explosive device (IED)-laden roads.

Moreover, the transition from traditional boots-on-the-ground to remote warfare requires a massive cultural shift. As Ukrainian commander Mykola “Makar” Zinkevych noted, old-school warfare relied on physical discipline and traditional soldiering. Today, technology decides everything.

The Nigerian military hierarchy has historically been rigid, top-heavy, and slow to adapt. To defeat syndicates that utilise modern encryption, social media for ransom negotiations, and highly mobile tech, the military must democratise its innovation.

Nigeria must empower its younger officers and civilian IT experts to build, hack, and deploy commercial drones and local software solutions without waiting for years of bureaucratic procurement.

Nigeria’s security forces cannot afford to continue fighting tomorrow’s war with yesterday’s strategy. The terrifying reality is that terrorists are adapting rapidly, utilising drones for their own surveillance and sophisticated weaponry bought with ransom money.

The military is not inherently helpless, but its current strategy is. By taking a page from Ukraine’s playbook, investing in domestic hardware engineering, deploying a network of “silent death” ground robots, and replacing vulnerable infantry patrols with eye-in-the-sky drone livestreams, Nigeria can finally shift from a defensive, traumatised posture to an offensive, clinical one.

Innovation is no longer a luxury for the Nigerian military; it is the sole remaining path to survival. Technology must take the place of the soldier on the frontline, so that the citizens may finally sleep in peace.

 

Elvis Eromosele, a corporate communications professional and sustainability advocate, wrote via [email protected].

 

Driving Africa’s Fair Energy Transition Through Technology and Innovation

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By Prof. Bart O. Nnaji

Founder/Chairman

Geometric Power Limited and former Nigerian Minister of Power

Africa’s energy journey is often portrayed as a stark choice between climate responsibility and development. In reality, the continent faces a more nuanced challenge: finding a fair, gradual energy transition that matches its unique needs and ambitions.

Technology and innovation can drive this change, helping secure affordable and sustainable energy for all.

In the coming decades, Africa’s population is expected to soar to nearly 2.5 billion. Cities will grow. Industries will expand. Digital connections will multiply. The demand for energy will increase significantly. Right now, expecting Africa to abandon fossil fuels overnight is neither realistic nor fair. In the near future, fossil fuels remain crucial for base power that is reliable, and affordable. In particular, natural gas is key transition fuel that will remain the base power solution for the next decade. Africa must not embrace renewable energy primarily when they have abundance of fossil fuel for their industrialisation as other emerging and emerged nations have done.

A just energy transition recognises these realities and seeks ways to build cleaner, more resilient systems over time.

  • Technology as the Enabler of Africa’s Energy Future

Exciting new technologies are already reshaping Africa’s energy landscape:

Decentralised solutions, like mini-grids, off-grid solar, and batteries, bring electricity to places traditional grids can’t reach. By 2030, these distributed renewables could provide most new connections in underserved communities.

Smart grids and AI-driven management can reduce waste. They help utilities serve people better.

Modern batteries ensure that solar and wind energy can be delivered steadily, even when the sun isn’t shining or the wind isn’t blowing.

Decentralised approaches are essential to Africa’s path toward universal energy access. While technology is not a fix-all solution, it is a crucial enabler of efficiency, resilience, and affordability, shaping Africa’s energy future.

African entrepreneurs are leading much of this change. They’re developing solutions that meet local needs, such as pay-as-you-go solar, community-run mini-grids, and mobile payment platforms. These innovations don’t just bring power; they create jobs, build skills, and reap economic benefits for the continent.

But innovation alone isn’t enough. Investment is critical. According to the International Energy Agency, Africa needs about $90 billion annually to achieve a successful energy transition, but current funding falls short.

Governments can help by setting clear, supportive policies that attract investment and make projects more affordable. Organisations like the African Development Bank say grid investment must rise dramatically, and clean energy spending should double by 2030 to keep up with growing demand. 

  • From Energy Access to Economic and Human Impact

Reliable energy is more than just a technical necessity – it’s what fuels industrial growth. Picture the continent’s factories buzzing with activity, transport networks connecting people and goods, and data centres powering a vibrant digital economy.

Expanding decentralised solutions brings light to places that have been left in the dark for too long. It’s about giving children a place to study at night, helping clinics store vaccines safely, and empowering entrepreneurs to launch new businesses.

Of course, none of this works in isolation. Supportive policies, strong regulations, and partnerships between governments and private companies are essential. When African countries harmonise their rules and work together, they can create bigger markets. This draws even more investment and innovation.

Ultimately, Africa’s energy transition must be shaped by Africans themselves. The path forward is about collaboration, pragmatism, and investing in homegrown solutions. Africa’s mobile phone revolution showed the world how quickly the continent can leapfrog old systems. The same can happen with energy; by embracing flexible, tech-driven models that serve today’s and tomorrow’s needs.

Now is the time to come together to act boldly and invest in Africa’s energy future. By uniting efforts, we can turn potential into progress, ensuring resilient, inclusive, and sustainable energy for generations to come. Let’s power Africa’s future, together.

 

 

ITU: Global Dialogue on AI Governance Set for July 6 in Geneva

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Artificial Intelligence is reshaping economies, societies, and daily life. Its opportunities are real. So are its challenges. No country can address either alone.

The Global Dialogue on AI Governance exists to ensure that governance reflects the priorities of all nations, not just the most technologically advanced, and that the benefits of AI are shared by all.

Established by the UN General Assembly, the AI Dialogue is the United Nations platform where all governments, private sector, academia and civil society will convene to discuss international cooperation, share best practices and lessons learned, and facilitate open, transparent and inclusive discussions on artificial intelligence governance.

The first session of the AI Global Dialogue on AI Governance is a two-day event which will include a high-level segment, thematic sessions and side events.

The Independent International Scientific Panel on Artificial Intelligence will also present its preliminary report during the event.

The high-level persons expected at the event include:

  • Annalena Baerbock, President of the UN General Assembly
  • António Guterres, UN Secretary-General
  • Egriselda López, Permanent Representative of El Salvador to the United Nations
  • Rein Tammsaar, Permanent Representative of Estonia to the United Nations
  • Khaled El-Enany, Director-General of UNESCO
  • Doreen Bogdan-Martin, Secretary-General of the International Telecommunication Union (ITU)
  • Amandeep Singh Gill, Under-Secretary-General and Special Envoy for Digital and Emerging Technologies​​

AI leaders from the private sector, academia and civil society will also be in attendance.

About the event:
The United Nations General Assembly established the Global Dialogue on AI Governance in Resolution A/RES/79/325, following intergovernmental negotiations and broad consultations with diverse stakeholders.

The Dialogue is facilitated by its co-chairs, supported by a joint secretariat comprising the International Telecommunication Union (ITU), the United Nations Educational, Scientific and Cultural Organisation (UNESCO), the UN Oce for Digital and Emerging Technologies (ODET), and the Executive Office of the UN Secretary-General (EOSG). 

About ITU:

The International Telecommunication Union (ITU) is the United Nations agency for digital technologies, driving innovation for people and the planet with 194 Member States and a membership of over 1,000 companies, universities, civil society, and international and regional organisations.

Established in 1865, ITU coordinates the global use of the radio spectrum and satellite orbits, establishes international technology standards, drives universal connectivity and digital services, and is helping to make sure everyone benefits from sustainable digital transformation, including the most remote communities.

From artificial intelligence (AI) to quantum, from satellites and submarine cables to advanced mobile and wireless broadband networks, ITU is committed to connecting the world and beyond.

$40 Smartphones to Transform Connectivity in Nigeria: Are Networks Ready?

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At Mobile World Congress 2026, the GSMA and the Handset Affordability Coalition announced a major initiative: to offer $40 4G smartphones to connect millions of people across Africa. An ambitious project—but how ready are the mobile networks that will need to support them?

nPerf’s 2025 data from Congo, Nigeria and Ethiopia paints a mixed picture.

·         Speeds Still Struggling to Support Everyday Usage

First observation: speeds remain far below European standards. Congo shows the strongest performance of the three, with 12.8 Mb/s download and 6.26 Mb/s upload. Nigeria follows with 9.97 Mb/s download, while Ethiopia trails at 6.73 Mb/s—barely enough to watch a video in standard quality without interruptions.

For future users of low-cost 4G smartphones, this means that the actual experience will depend just as much on the quality of the local network as on the device itself.

·         Nigeria Stands Out in Streaming, Ethiopia Struggles with Latency

Beyond raw speeds, real-world usage tells a different story. Nigeria achieves the highest streaming performance index in the group at 62.28%, a level that allows relatively smooth video playback, but falls short in web browsing (27.36%).

In practical terms, this slows access to online services, administrative procedures and e-commerce.

Congo shows the opposite profile: it has the best latency of the three (123 ms), but a streaming index of only 41.88%, the lowest performance among the three countries in this area.

Ethiopia concentrates the most weaknesses: latency of 258 ms (more than double that of Congo), making video calls and real-time interactions particularly unstable, despite mid-range browsing (35.52%) and streaming (49.89%) performance indices.

·         The $40 Initiative: A Catalyst—Provided Infrastructure Keeps Up

The equation is simple: increasing the number of connected users without strengthening networks leads to greater congestion. But the effect can also work in reverse: strong demand has historically pushed operators to invest. This is precisely the lever the GSMA and the Handset Affordability Coalition are relying on.

For the initiative to deliver on its promise of digital inclusion, nPerf’s data points to a clear priority in each of the three countries: reducing latency in Ethiopia, improving browsing performance in Nigeria, and enhancing streaming quality in Congo. Three distinct challenges, but one shared objective: ensuring that the $40 smartphone does not become an empty promise due to networks that fail to keep up.

 

 

 

About nPerf

nPerf is an independent Internet performance measurement platform powered by real user experience.

By turning millions of connection tests into connectivity insights, nPerf helps operators enhance their networks and contributes to building a faster, more reliable Internet for everyone. 

 

NLNG Train 7 Delivers 70 New Talents to Nigeria’s Oil, Gas Industry

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Some graduands of the NLNG Train 7 Project Human Capacity Development (HCD) Basic Training Programme during the Batch 2 Closeout Ceremony. 

Seventy young professionals have graduated from the NLNG Train 7 Project Human Capacity Development Basic Training Programme, completing an intensive one-year programme in Data Analysis and Supply Chain Management. The milestone underscores NLNG’s commitment to developing a skilled, industry-ready workforce and strenghtening Nigeria’s capacity to compete in an increasingly dynamic global energy sector.

Beyond their core specialisations, the graduates received practical exposure in key oil and gas support areas, including Health, Safety and Environment, Business Management, Information Technology, Document Management, Nigerian Content awareness, and on-the-job training, a blend of technical and workplace skills critical to the industry value chain.

Speaking at the close-out ceremony, Sophia Horsfall, NLNG’s General Manger, External Relations & Sustainable Development stated that the successful completion of the 12-month programme demonstrated what strategic investment in human capacity can achieve.

She noted that the graduates had been equipped with the professional intellect, discipline, and character required to contribute meaningfully to their chosen fields. She charged them to see themselves as products of a national investment and to apply their skills with integrity, precision, and excellence.

“You started this journey as candidates, and today, we are showing you off as professionals. From here, I urge you to continue to demonstrate the discipline you have learnt and never forget that you are the dividends of a national investment,” she said.

Project Director, NLNG Train 7 Project, Engr. Ali Uwais, stated that the programme showed the strength of NLNG and NCDMB’s collaboration in closing critical competency gaps in the oil and gas industry. He noted that with 401 candidates trained across Batch 1 and Batch 2, the initiative had strengthened Nigeria’s pool of industry-ready professionals. He urged the graduates to remain committed to innovation and continuous learning in a fast-changing technology-driven industry.

“The success of this programme is a testament to the effective collaboration of NCDMB and NLNG to close competency gaps in relevant industry skills,” he said.

Engr. Uwais also commended the Oil and Gas Trainers Association of Nigeria, OGTAN, as custodian of the training standards, for ensuring that the programme delivered the required competencies.

Speaking on behalf of the Executive Secretary of the Nigerian Content Development and Monitoring Board, Ms. Alexis Emelle, General Manager, Human Capacity Development, applauded the strong collaboration between NCDMB and NLNG.

She described the Human Capacity Development component of the Train 7 Project as a practical demonstration of the successful implementation of the Board’s Human Capital Development Guideline, 2020, which mandates major oil and gas projects to deliberately support the training, empowerment and capacity development of Nigerians.

Emelle noted that the Train 7 Project, one of the largest gas infrastructure developments in Africa, had not only created jobs but also provided a platform to groom young Nigerians with advanced technical and managerial competencies.

“The training provided hands-on experience on a live LNG project, complementing the trainees’ academic and theoretical knowledge. It also exposed them to specialized advanced technical disciplines, project management, health and safety, and emerging technologies critical to the future of the industry,” she said.

The close-out ceremony brought the NLNG Train 7 Project Human Capacity Development Basic Training Programme to a formal conclusion, with 70 trainees graduating from Batch 2 and the total number of beneficiaries under the NCDMB/NLNG-sponsored initiative rising to 401.

The programme adds to Nigeria’s pool of local talent trained in technical, safety, business, and professional areas relevant to the oil and gas value chain, while reinforcing NLNG’s support for the country’s human capital development agenda and NCDMB’s mandate to deepen local capacity and close industry skills gaps.

 

OPay Partners Dolly Children Foundation on Clean Future Project to Improve Sanitation, Learning Environment in Ogun School

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OPay Digital Services Limited (OPay), in partnership with Dolly Children Foundation (DCF), has commissioned the OPay Clean Future Project at Ebenezer Grammar School, Iberekodo, Abeokuta, Ogun State, reinforcing a shared commitment to environmental sustainability, quality education, and community development.

The commissioning ceremony, held on Thursday, June 18, 2026, brought together representatives of the Ogun State Ministry of Education, school administrators, teachers, students, community leaders, volunteers, and development partners in a collective effort to promote environmental responsibility and improve learning conditions for young Nigerians.

At the heart of the intervention is a newly constructed four-unit gender-sensitive toilet facility designed to provide students with access to safe, hygienic, and dignified sanitation facilities.

The project responds to a critical challenge faced by many public schools in underserved communities, where inadequate sanitation infrastructure can affect students’ health, attendance, and overall learning experience.

Mr. Itoro Udo, CSR Manager, OPay Digital Services Limited, said: “Education is the foundation of a brighter future, yet many children still face barriers to quality learning. Through the OPay Clean Future Project, we are improving sanitation, supporting education, and ensuring more students have the opportunity to learn in a safe and dignified environment.”

Beyond the physical infrastructure, the initiative incorporated environmental education and sanitation advocacy sessions aimed at fostering a culture of cleanliness, responsible waste management, and environmental stewardship among students.

The programme was designed not only to improve facilities but also to encourage behavioural change that can have a lasting impact within the school and the wider community. Students also received educational and hygiene materials, while outstanding learners were recognised with school bags, sandals, and other learning resources in celebration of their academic excellence and exemplary conduct.

The gesture underscored the importance of supporting education while rewarding positive values and achievement. Speaking on the broader significance of the initiative, Adedolapo Osuntuyi, Founder and Executive Director, Dolly Children Foundation, said:

“Every child deserves access to a safe, healthy, and supportive learning environment. This project addresses a critical sanitation need while promoting environmental responsibility and helping students reach their full potential.”

The commissioning ceremony featured the official ribbon-cutting and inspection of the facility, with stakeholders commending the partnership for addressing a critical infrastructural need within the school.

Representing the Ogun State Commissioner for Education, Science and Technology, Mrs. Alajogun Latifat described the intervention as an example of the impact that can be achieved through collaboration between the private sector and community-focused organisations.

“The OPay Clean Future Project demonstrates the impact of strategic partnerships in improving learning environments and promoting responsible citizenship. We commend OPay and Dolly Children Foundation for this meaningful intervention.”

For many attendees, the event was also a celebration of inspiration and giving back. A particularly emotional moment occurred when Mr. Adebayo Shogbiyeju, Principal (Senior School), Ebenezer Grammar School, reflected on the journey of the Foundation’s founder, whom he once taught as a Physics student.

“It is inspiring to see a former student return to create positive change within her community. Adedolapo Osuntuyi’s journey is a testament to the power of education, vision, and purpose, and an example for our students to emulate.”

His remarks resonated strongly with students and guests, highlighting the transformative power of education and the importance of investing in future generations. For the students themselves, the project represents far more than a new facility. It symbolises dignity, improved well-being, and renewed hope for a better learning experience. A participating student shared her excitement, saying:

“This project has taught me the importance of cleanliness and caring for my environment. I am grateful for the opportunity to learn, grow, and contribute to making my school and community better.”

The newly commissioned facility is expected to benefit hundreds of students by promoting healthier hygiene practices, reducing sanitation-related challenges, and creating a safer and more conducive environment for learning.

The OPay Clean Future Project aligns with broader national and global efforts to advance sustainable development, environmental protection, quality education, and community wellbeing. It further reflects OPay’s commitment to creating value beyond financial services through impactful corporate social responsibility initiatives while reinforcing Dolly Children Foundation’s mission of empowering children and strengthening underserved communities through sustainable development programmes.

Since its inception, Dolly Children Foundation has positively impacted more than 25,000 children across 29 underserved communities through programmes focused on education, child development, mentorship, health interventions, and social empowerment.

The successful commissioning of the OPay Clean Future Project marks another milestone in the collective efforts of OPay and Dolly Children Foundation to build cleaner, healthier, and more sustainable communities while ensuring that every child has access to a safe and supportive environment in which to learn and thrive.

 

RMBN Money Market Fund Receives Two-Notch Upgrade to ‘A+’ from Agusto & Co.

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RMB Nigeria Asset Management Limited (RMBN AM) has received a two-notch credit rating upgrade to ‘A+’ for its RMBN Money Market Fund from Agusto & Co., Nigeria’s leading rating agency.

The upgrade reflects the Fund’s high-quality asset base, strong liquidity profile and disciplined risk management approach, and reinforces its position as a credible money market investment option in Nigeria’s evolving market environment.

Kike Mesubi, CEO of RMB Nigeria Asset Management, said the upgrade affirms the strength and consistency of the Fund’s investment approach.

“This upgrade is a strong endorsement of the quality, discipline and consistency that underpin how we manage the Fund. Our focus remains on preserving capital, delivering competitive returns and maintaining a prudent approach to risk management,” said Mesubi.

The Fund has consistently ranked among the top performers in its category, despite tighter market conditions and moderating yields.

“The priority has always been to balance return and risk in a way that serves our clients over the long term. This recognition reinforces the Fund’s ability to deliver competitive and consistent returns through different market cycles,” she said.

Mesubi said the upgrade also provides a platform for RMBN AM to deepen investor confidence and continue strengthening its asset management offering.

“We are proud of the progress reflected in this rating upgrade, but we see it as part of a longer journey. We will continue to draw on our global network, governance framework and local market expertise to support clients and grow the Fund responsibly,” she said.

RMB Nigeria Asset Management is part of the FirstRand Group and combines local market insight with international best practice. Its asset management capability is underpinned by experienced leadership, a strong governance culture and a track record of consistent performance. 

ABOUT RMB NIGERIA ASSET MANAGEMENT LIMITED

RMB Nigeria Asset Management Limited (RMBN AM), a wholly owned subsidiary of FirstRand Limited, one of Africa’s leading financial services groups headquartered in South Africa, is the group’s dedicated wealth and asset manager in Nigeria.

Registered and regulated by the Securities and Exchange Commission, Nigeria, RMBN AM combines deep local market expertise with global best practice to deliver investment solutions that help clients grow, preserve and manage wealth with confidence.

NCDMB, SNEPCo, LADOL Launch Human Capacity Development Programme for Supply Base Services

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The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Shell Nigeria Exploration and Production Company (SNEPCo) and Lagos Deep Offshore Logistics (LADOL), has commenced a 12-month Human Capacity Development (HCD) programme aimed at equipping young Nigerians with critical competencies required to support supply base operations within the oil and gas industry.

The programme, which kicked off on Tuesday, at the LADOL free zone, Apapa, Lagos, will train 12 beneficiaries through a structured combination of classroom learning and practical industry exposure in specialised areas that support logistics, trade, procurement, and supply chain operations.

Speaking at the ceremony, the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe, represented by the General Manager, Human Capacity Development, Ms. Alexis Emelle, described the initiative as more than a training programme, noting that it is an investment in people and the future of Nigeria’s energy industry.

She stated that the programme reflects the Board’s commitment to building a skilled workforce capable of meeting the evolving needs of the industry and creating opportunities for young Nigerians to thrive in specialised fields.

Emelle reminded the trainees that being selected for the programme comes with responsibility and urged them to approach the training with discipline, commitment, and a willingness to learn.

According to her, the industry requires professionals who are dependable, adaptable, and solution-oriented, adding that every assignment, lesson, and practical experience should be seen as an opportunity to build competence and character.

Speaking on behalf of SNEPCo, the Nigerian Content Manager, Mr. Obiajulu Onochie, described human capital development as a key component of operational excellence.

He noted that the success of Nigerian Content is closely linked to the work of NCDMB and commended the Board for establishing itself as one of the most professional institutions driving capacity development in the industry.

Onochie added that SNEPCo remains passionate about developing Nigerian talent and has implemented several training initiatives this year in areas including cybersecurity, NEBOSH, blockchain architecture, and subsea disciplines.

He reiterated the company’s commitment to local content development, stressing that investing in people is essential to building a sustainable energy industry.

In her remarks, a representative of LADOL underscored the significance of Nigerian Content to indigenous businesses, stating that without local content, “LADOL would not exist in its present form”.

The representative added that the organisation remains committed to supporting initiatives that strengthen local capacity and prepare young Nigerians for meaningful careers within the sector.

Following a rigorous two-stage selection process, the 12 beneficiaries will undergo training designed to equip them with practical skills required to support supply base operations and strengthen Nigeria’s local content capacity.

Speaking on behalf of the trainees, Mr. Olaniye Sodiq expressed appreciation to NCDMB, SNEPCo, LADOL, and all the training partners for investing resources in their development.

He said the beneficiaries were eager to learn and looked forward to contributing meaningfully to LADOL and the wider oil and gas industry upon completion of the programme.

The Human Capacity Development initiative reinforces NCDMB’s commitment to building sustainable local capacity by aligning training programmes with industry needs and creating pathways for young Nigerians to access high-value career opportunities within the energy sector.

 

 

 

NCDMB Hosts Ghana National Oil Coy on Local Content Benchmarking Study

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R-L: Dr. Obinna Ezeobi, General Manager, Corporate Communications, Esueme Dan Kikile Esq, Director, Monitoring and Evaluation, Dr. Abdulmalik Halilu, Director, Corporate Services, Mrs. Jennifer Boateng, Adviser, General Services, GNPC, Mr. Eric Pwadura, Director, Corporate Affairs GNPC, Mr. Augustine Bayivella, Principal, Supply Chain and Local Content development officer, and Seidu Salim Braimah, Manager Supply chain and local content. 

A delegation from the Ghana National Petroleum Corporation (GNPC) has visited the Nigerian Content Development and Monitoring Board (NCDMB) on a knowledge sharing and local content benchmarking study, with a view to deepen their understanding of the Board’s local content development practices in the areas of policy frameworks and implementation strategies, among other things.

The delegation, led by the Director of Corporate Affairs at GNPC, Mr. Eric Pwadura, is on week tour of the NCDMB corporate headquarters, Yenagoa, Bayelsa State and was received on Monday by the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe.

Welcoming the delegation, the Executive Secretary remarked that Africa has evolved over the last three to four decades, growing its hydrocarbon resources to over 120 billion barrels of crude oil reserves and 800 trillion standard cubic feet of gas, which constitute over 10 per cent of hydrocarbon resources globally.

He pointed out that as a hydrocarbon resource continent, it is in the national interest of the producing countries to prioritise local content development, paying particular attention to the necessity of reversing the trend of dependency on foreign technology for exploration, field development and production activities. The countries have to look inward for the capabilities to exploit their resources, he said.

Represented by the Director, Corporate Services of the NCDMB, Dr. Abdulmalik Halilu, the NCDMB boss explained the potential of “crude oil as commodity for economic transformation,” noting that Africa has the advantage of a huge youth population, that is, the labour force, which should be made to acquire the requisite skills for industry operations.

He recalled that Nigeria’s local content journey began with the Local Content Division in the defunct Nigerian National Petroleum Corporation (NNPC), managing local content issues in the oil and gas industry through mere policy directives, and transformed into the NCDMB we have today. “We have evolved from a policy to an institution,” he enthused, adding, “NCDMB is the sole agency responsible for local content” in Nigeria.

He disclosed that NCDMB Board introduced the Nigerian Content 10-Year Strategic Roadmap, which comprises five strategic pillars, namely, Technical Capability Development, Compliance and Enforcement, Enabling Business Environment, Organisational Capability, and Sectoral and Regional Markets, as well as five enablers, namely, Funding, Regulatory Environment, Collaboration and Stakeholder Engagement, and Research and Development.

Among strategies for capacity building, Engr. Ogbe listed the Nigerian Content Intervention Fund (NCI Fund), which it operates through development finance institutions like the Bank of Industry (BOI) and Nigerian Export-Import Bank (NEXIM) to provide single digit loans to service companies. “What we have done is to create that access to make the local service companies competitive,” he explained, adding that the facility has enabled indigenous companies to acquire critical assets and facilities, including marine vessels operating in Nigeria.

He pointed out that when capacities are built, they must be utilised, hence the Board incentivises investments through a policy of First Consideration that favours indigenous companies with demonstrable capabilities.

He advised African countries seeking to broaden indigenous participation in the oil and gas industry that “local content does not compromise standards…it does not mean you have African spec, European spec,” adding, “It’s one global spec.”

In focused presentation on the Nigerian Content 10-Year Strategic Roadmap, Assistant Manager in the Strategy and Transformational Projects, NCDMB, Dr. Zuwairat Asekome, gave highlights of the journey of the Board, beginning with the enactment of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, through successive stages of growth in the implementation of local content policy and monitoring to the present, when it has successfully raised in-country value addition in the industry to 61 per cent.

In his response, Mr. Eric Pwadura expressed profound appreciation for the privilege to participate in a programme for knowledge sharing at the NCDMB, stating, “Even though we have the legislation guiding local content, we have not had the benefit of having a robust local content environment like you have.”

According to him, “If we take our organization (Ghana National Petroleum Corporation), for example, what we have is a local content unit. That’s currently the structure that we have,” adding, “We want to have a deeper understanding of your local content development programme.”

In his remarks, the Director, Monitoring and Evaluation of the NCDMB, Esueme Dan Kikile Esq. noted the high interest of African oil producing countries in local content. “It’s important that we work together; we are happy to continue to share our experience in oil and gas, share our experience in local content,” he stated.

In an opening address, the General Manager, Corporate Communications Division (CCD), NCDMB, Dr. Obinna Ezeobi, explained that “Nigeria and Ghana have had a long history of collaboration in the energy sector, and that the NCDMB and the GNPC have had fruitful interactions at international conferences. He said NCDMB had mentored several African organsations on local content.  NCDMB, he added, has a Memorandum of Understanding (MOU) with the Petroleum Commission Ghana, the National Content Monitoring Committee of Senegal (ST-CNSCL), as well as partnerships with related agencies in Mozambique, Angolan, and Namibia.

Other delegates from the Ghana National Petroleum Corporation are Mrs. Jennifer Boateng, Adviser, General Services; Mr. Augustine Bayivella, Principal, Supply Chain and Local Content Development Officer, and Mr. Seidu Salim Braimah, Manager, Supply Chain and Local Content Development.

 

NCDMB’s Oil & Gas Park to Become Operational Q4 2026

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The Nigerian Oil and Gas Park Scheme (NOGaPS) at Emeyal-1, in Ogbia Local Government Area of Bayelsa State will become operational by the fourth quarter of 2026, the Nigerian Content Development and Monitoring Board (NCDMB) has reaffirmed.

Towards the target date, the NCDMB is set to install a 2.5-megawatt Compressed Natural Gas (CNG) power plant at the park. The power plant is one of the key steps to getting the facility operational, as it will provide reliable and sustainable electricity supply to support industrial operations within the park.

The General Manager Corporate Communications NCDMB, Dr. Obinna Ezeobi gave the assurance after an assessment visit to the facility by key personnel of the Board on Friday. The tour revealed significant progress across key infrastructure and support systems designed to position the facility as a major industrial hub for Nigeria’s oil and gas industry.

The Nigerian Oil and Gas Park Scheme was conceived to deepen Nigerian Content by providing a conducive environment for the manufacturing of components, equipment and other inputs required by the oil and gas industry, while creating employment opportunities for over 2000 persons when fully operational, and stimulating economic growth.

Giving further insights into the current state of the facility, Manager Strategy and Transformation Projects, NCDMB, Mr. Olubisi Okunola explained that several critical facilities within the park have been completed and are ready for use. These include manufacturing shop floors, a fully functional water treatment plant, well-equipped accommodation facilities, modern classrooms, an amphitheater, and residential apartments for trainers, facilitators and visiting guests.

In addition to the CNG power plant, NCDMB has also completed key power infrastructure, including the switchgear building, transformers and heavy-duty generators.

To further enhance the park’s capacity for manufacturing activities, the Board has also awarded a contract for the sand-filling of ponds located within the facility. Upon completion of the sand-filling exercise, six manufacturing sheds will be constructed on the reclaimed land to provide industrial spaces for prospective investors and service providers.

Environmental maintenance activities are also ongoing, with landscaping and routine facility upkeep being carried out across the park to preserve existing infrastructure and maintain operational readiness.

Ongoing works at the facility are focused on ensuring that all supporting infrastructure and utilities required for seamless operations are fully in place ahead of the park’s planned operational date.

When operational, the Oil and Gas Park Scheme will serve as a strategic platform for the growth of indigenous manufacturing and service companies, reduce dependence on imported oil and gas components, create employment opportunities for Nigerians, and strengthen local participation across the oil and gas value chain.

The NCDMB remains committed to the successful delivery of the project in line with its mandate of developing in-country capacity and advancing Nigerian Content in the oil and gas industry.

 

 

 

Is the Era of the POS Operator Coming to an End?

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By Elvis Eromosele

Step outside your home in Lagos, Kano, or Port Harcourt, and walk twenty meters. Under a frayed umbrella, seated on a plastic chair with a small banner, you will find a “POS operator.”

These operators are the capillaries of Nigeria’s cash-dependent economy, pumping naira notes into the hands of millions. When commercial bank branches shrank, and automated teller machines (ATMs) consistently ran dry, these retail entrepreneurs stepped in. They brought financial services within reach of the poorest farmer and the busiest market woman, effectively humanising fintech for tens of millions of citizens.

But today, the street-corner cash merchants are facing a perfect storm. What was once a highly lucrative blue-ocean opportunity has devolved into a hyper-competitive race to the bottom. Estimates suggest Nigeria now has well over 1.5 million mobile money agents, possibly more than the entire West African sub-region combined.

Walk down any street in an urban hub, and you will see four, five, or six operators clustered within shouting distance of each other, thin-slicing margins that are already compressed by platform fees. When multiple neighbours on the same street split the daily traffic, revenue per operator crashes. Many now earn less than the minimum wage, and the dream of easy money is fading.

Visit any POS agent today, and you will hear the same laments. Sourcing naira notes amidst inflation and cash scarcity causes severe “float fatigue,” often requiring hours in bank queues or paying a premium. Network nightmares and telecom downtimes stop an agent’s income instantly. Rising fraud and crime have forced many to operate behind iron grilles, while fintechs like OPay, PalmPay, and Moniepoint slash commission rates as they chase corporate profitability.

Furthermore, the Central Bank of Nigeria (CBN) has aggressively moved to formalise and secure the sector, implementing a strict single-principal exclusivity rule. Historically, an agent could survive network downtimes by juggling multiple terminals.

Under the new regulatory framework, that flexibility is illegal. Agents are required to affiliate with a single licensed provider, register with the Corporate Affairs Commission (CAC) and operate from fixed, geo-fenced coordinates. When your lone service provider goes down, your business comes to a standstill.

Yet, the most dangerous competitor to the traditional POS vendor is an invisible shift in technology and consumer behaviour. The heavy, dedicated plastic terminal, susceptible to battery degradation and printer jams, is growing obsolete.

The emergence of SoftPOS (Software POS) and near-field communication (NFC) means any mid-range Android smartphone can now function as a payment collection point. Merchants no longer need to pay an upfront hardware lease; they can accept payments via card taps or phone-to-phone interactions instantly.

Concurrently, the customer base for cash-out services is shrinking because local grocery stores, boutiques, and pharmacies are bypassing the intermediary.

Instead of a shopper visiting a POS kiosk to withdraw cash for a vendor, the vendor now displays their own account details, smart terminal, or dynamic QR code. With peer-to-peer transfers becoming faster and more reliable via instant-payment rails, young Nigerians have largely abandoned ATM cards for phone numbers. Why walk to an agent under a tree when you can buy bread and pay via a banking app from your chair? I recently saw a young man pay a keke fare of N300 only with a transfer to the driver.

So, what happens next? Will the ubiquitous POS agent go the way of the payphone and the cybercafé? The future is not necessarily the death of the agent, but it is unequivocally the death of the simple “cash-out” point.

To my mind, the industry faces three likely paths of evolution:

One, the hybrid merchant-agent: Standalone POS kiosks will fade. Instead, every shop, from a tailor to a tea seller, will double as an agent, making agency banking an add-on service rather than a primary income.

Two, the Cashless Cliff: If the CBN accelerates its cashless policy and mobile money interoperability reaches its peak, physical cash demand could collapse, rendering the core cash-in/cash-out service obsolete.

And three- consolidation into micro-branches (The Sustainable Path): Future POS agents will become “super-agents.” Moving from basic human ATMs into full-service digital micro-branches, they will leverage their deeply rooted community trust to cross-sell sophisticated financial products:

For this ecosystem to survive with dignity, self-regulation must restrict terminal density to prevent cannibalisation. Furthermore, fintech providers must invest in agent training, fraud protection, and fair commission structures rather than mere device saturation.

The Nigerian POS operator has been a grassroots financial miracle born of necessity. However, the era of making a comfortable living by simply sitting under an umbrella with a plastic card reader and a backpack full of cash is rapidly closing.

The POS ecosystem isn’t disappearing, but it is growing up. The operators who view these changes as an invitation to elevate into comprehensive neighbourhood financial hubs will find longevity.

Those who cling strictly to the legacy cash paradigm risk being automated out of existence by the very digital revolution they helped start.

 

Eromosele, a corporate communications expert and sustainability advocate, wrote via: [email protected]

 

 

‘NGX Stands Ready to Teach Corp Members the Rudiments of Investment, Entrepreneurship’

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It gives me great pleasure to welcome Brigadier Olakunle Oluseyi Nafiu, Director General of the National Youth Service Corps, and his team to the trading floor of the Nigerian Exchange.

I believe that most of us present here, except a few doyens, passed through the NYSC scheme. For many Nigerians, it is the first opportunity to experience the variety and diversity of our great country as corpers are posted outside their home bases and get to meet Nigerians from different states and backgrounds during the one-year service period. By bringing together young Nigerians from all corners in service to country, the scheme stands as a major enabler of unity and patriotism in our country.

The success of the scheme is largely due to the calibre of leadership that the NYSC has had over the last fifty years. Officers like Brigadier General Nafiu have worked hard to maintain the discipline, the efficient logistics and the security of the scheme and made it easier for us as parents to entrust our wards to their care every year. We thank you and your team for your service to the nation and to millions of families across Nigeria.

At the Nigerian Exchange, our focus is on driving Nigeria’s economy through the mechanism of capital markets which matches investors with investible funds with other investors, as well as companies and entrepreneurs that need funds for their businesses.

Investment and entrepreneurship are skills that our youths need to learn as they step out into the world and the Nigerian Exchange stands ready to teach those skills to corpers during their orientation period and even in their places of primary assignments.

We look forward to discussing these and other ways that we can partner together for the benefit of our young ones and the nation at large.

Once again, welcome to the Nigerian Exchange.

Alhaji (Dr) Umaru Kwairanga

Chairman NGX Group.

 

 

NGX Extols Partnership with Pearl Awards

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I am delighted to participate in the 2026 edition of the Pearl Awards Corporate Summit.

The 2026 Corporate Summit is another opportunity for the Pearl Awards Nigeria to elevate conversations about corporate systems, practice and governance through high level discussions on pertinent topical issues.

The Nigerian Exchange Group is very happy to partner with the Pearl Awards because it recognises the value that Pearl Awards Nigeria adds to our quoted companies and by extension our Group’s business.

The Annual Pearl Awards encourages listed companies to strive for excellence in order to be considered for the Awards. Fora such as this interrogate various aspects of policy and practice and proffer practical and workable suggestions to improve our corporations and the Nigerian economy.

This year, the topic for the Corporate Summit is Policy Reform and Corporate Competitiveness: Navigating Towards a Sustainable Edge. This is an apt theme and recognises that Nigeria’s economic growth relies more on the innovation, hardwork and of the private sector. To achieve and sustain the transformational growth that our country needs, governments at all levels must craft policies that encourage and sustain the competitiveness of the private sector.

As an Exchange, there are a number of policies and policy reforms that we have been advocating for that we believe will enhance the attractiveness of our capital markets and boost the competitiveness of our private sector and the Nigerian economy and I will quickly mention a couple. First, we think that there should be specific fiscal incentives for listing on a recognised exchange.

The Nigerian Exchange, for example, holds its listed companies to the highest standards of governance and disclosure. This is primarily for investor protection but it also ensures that listed companies fulfil their obligations to all stakeholders, including government, in a timely and efficient manner. Annually, our companies collectively pay trillions in taxes to the public coffers and disclose details fully in publicly available annual reports.

This makes the work of our tax authorities easier and should be rewarded with incentives such as a lower corporate tax rate for quoted companies. A review of the Nigeria First policy to ensure strict enforcement would also help to sharpen corporate competitiveness.

There should be no excuse for public agencies going outside to procure goods and services that can be produced in Nigeria. Any flouting of such a policy should be punished if we are to grow our economy sustainably.

There are many other policy reforms and enforcement that will help make our corporate organisations stronger and more resilient and I am happy to see that we have distinguished economist, Mr. Bismark Rewane as the keynote speaker. 

The high-level panel with personalities such as my brothers, Femi Awoyemi and Bola Ajomale, my Past President, Ropo Dada, my CEO, Jude Chiemeka and my life sister, Mrs, Catherine Nwosu, will no doubt dissect all the issues in depth and come up with viable suggestions that we will take up with policy makers in the legislative and executive branches.

I congratulate Tayo Orekoya and his team for successfully organising and hosting the 2026 Pearl Awards Corporate Summit and hope that all present have an enjoyable and enlightening session.

 

Thank you.

Alhaji (Dr) Umaru Kwairanga

Chairman NGX Group