His Royal Majesty, Igwe Ezekwesili Maduagwuna, Ofemili I of Awba-Ofemili, has commended Ogbuefi Remmy Nweke, multiple award-winning journalist and author of The Village Priest, describing the book as “a cultural milestone that bridges tradition and innovation.”
The monarch gave the commendation when he received the author in audience at his Palace, where Nweke presented him with a formal copy of the book.
He urged the author to remain steadfast in using literature and journalism to advance knowledge, preserve heritage and promote progressive change.
The event was witnessed by the Chairman of OyeAgu-Awba Progressive Union (OPU), Mr. Godwin Obi, who led his team at the presentation at the royal palace.
The Village Priest explores the story of Ogboo AniEze, the revered Chief Priest of Ilimefo, as he navigates the realities of modern digital technology while striving to protect traditional Igbo values. The book has drawn wide praise for its rich portrayal of how rural African communities confront the pressures of modernity without losing cultural identity.
The work was recently spotlighted at the Nigeria DigitalSENSE Africa Forum on Internet Governance for Development (IG4D), where ICT stakeholders hailed its depth and relevance to the digital transformation of rural communities.
Reviewing the book, Gbenga Sesan, Executive Director of Paradigm Initiative, described it as “a careful work of cultural documentation” and “a nuanced portrayal of the way innovative technology is transforming rural communities.”
As a proud son of Awba-Ofemili, Nweke’s accomplishment has been widely celebrated. Igwe Maduagwuna’s commendation adds to the book’s growing recognition as both a cultural archive and a forward-looking narrative.
In addition to The Village Priest, Nweke has authored several notable works, including The Role of Nigeria in Peacekeeping in West Africa, A Decade of ICT Reportage, and Sagacity of Digital Revolution.
HRM Igwe Maduagwuna of Awba-Ofemili Commends The Village Priest Author, Remmy Nweke
Moniepoint Champions Financial Inclusion to Transform Lives in Africa
Moniepoint Microfinance Bank has reaffirmed its commitment to financial inclusion as the cornerstone of its business, declaring that its mission goes beyond market share to transforming lives across Nigeria and Africa.
Speaking at the 2025 annual conference of Finance Correspondent Association of Nigeria (FICAN) in Lagos on Saturday, the bank’s Chief Executive, Babatunde Olofin, told a story that captured both the fragility and resilience of the Nigerian dream.
The theme of this year’s conference ‘Bracing for the Digital Economy in Nigeria: Taxation, Banking and Finance,’ brought together experts and stakeholders across the key finance sector of Africa’s largest economy, among whom was Moniepoint boss.
Olofin who was represented by the Head, Corporate Communications, Mr. Bemigho Awala, recounted the journey of a certain Iyaruka, a mother of four who relocated to Lagos after losing her homes in Abuja.
Starting out as a petty trader, she was onboarded onto Moniepoint’s payment platform two years ago, later gaining access to credit. Today, she runs three thriving stores and records daily revenues that once seemed impossible.
“That is the power of access. That is the meaning of inclusion,” the CEO declared. “Financial services should mean only one thing: progress.”
According to him Moniepoint’s new campaign, “We’re Made for Your Progress,” reflects its broader mission to power the dreams of Africans by using technology to provide speed, trust, and simplicity in financial transactions.
He stressed that the digital economy is not a distant prospect but a lived reality, underpinned by tools such as mobile connectivity, cloud computing, and artificial intelligence. Yet, for technology to truly catalyse development, three pillars must be prioritised: trust, talent, and literacy.
Moniepoint, he noted, is investing heavily in these areas. Its “Dream Developments” incubator trains young Nigerians to build financial solutions, while the company also champions financial literacy as a safeguard against exclusion and misinformation. “Without knowledge,” he warned, “we are building on sand.”
Beyond banking transactions, Moniepoint is extending its solutions into areas such as inventory management for small retailers, enabling mom-and-pop shops to track stock and improve profitability. The bank is also documenting local case studies to better understand regional economies, including livestock and crop markets in Northern Nigeria.
The CEO emphasised that Africa’s financial future will not be scripted in Silicon Valley but determined by homegrown solutions, regulatory oversight, and informed journalism.
“At Moniepoint, we are not just interested in growing the market. We are committed to transformation. Everyone can bank on technology as a force for good,” he concluded.
NDIC, NSIA, NCS, LBS, Moniepoint Celebrate 35 Years of FICAN’s Resilience in Transforming Finance Journalism
L-R: Team Lead, Media and Communications, Union Bank, Adebukola Ayeni; Assist. Comptroler-General of Customs (ICT modernisation), Aondona Christopher Fanyam; Head, Communications and Public Affairs Nigeria Deposit Insurance Corporation (NDIC), Hajia Hauwa Gambo; National Chairman, Finance Correspondents Association of Nigeria (FICAN), Mr. Chima Nwokoji; Head, Corporate Communications, Nigeria Sovereign Investment Authority (NSIA), Ms. Joyce Onyegbule and Acting Chief Marketing Officer, Sterling Bank Limited, Donatus Okpako at the 2025 annual conference of FICAN in Lagos over the weekend.
For marking its 35th Anniversary, the Nigeria Deposit Insurance Corporation (NDIC), Nigeria Sovereign Investment Authority (NSIA), Nigeria Customs Service (NCS) and Lagos Business School (LBS), during the weekend joined other stakeholders to commend the Finance Correspondents Association of Nigeria (FICAN) for remaining resilience in transforming finance journalism and contributing to the Nigeria’s economy growth.
Managing Director NDIC, Mr. Thompson Sunday who was represented by Director, Claims Resolution Department, Mr. Sule Olawale and Managing Director, NSIA, Aminu Umar-Sadiq who was represented by Head Corporate Communications, Joyce Onyegbule in their goodwill messages at the 2025 annual conference of FICAN in Lagos praised the executives and members of the Association for collaborating with government’s agencies in effective dissemination of Information.
Olawale noted that 35 years is not a small feat, stressing that FICAN has positioned itself to be the hallmark of finance reporting in Nigeria.
“My goodwill message will centre around appealing to you to continue the good works. I commend the past and current leadership of FICAN for sustaining the association for over 35 years.
“NDIC and FICAN have had a very warm and cordial relationship over the years. FICAN has been there to tell our stories, give us the platform to share our narratives and to show to Nigerians the great work that the NDIC has done and will continue to do”, he said.
In her goodwill message, representative of NSIA, Onyegbule congratulated FICAN on the 35th anniversary, stressing that executives and members of the association have done a great job.
“On behalf of the management and staff of the entire NSIA, we extend our very warm regards and congratulations on this very laudable milestone that you crossed.
“FICAN has also showcased all the work that we have done across the six geo-political zones and also given us a platform to say the things that we even wanted to do in future.
“We say a very big thank you to FICAN and we look forward to many more years of impactful association to tell the stories that impact and shape the outcome that we as Nigerians want to see again and again,” she said.
In his speech, the Deputy Comptroller of Customs, Christopher Famyam, who represented the Nigeria Customs Service said the service is aware of the tremendous education and enlightenment the association is doing through stories members churn out on daily basis.
According to him the NCS, who has been at the forefront of the federal government’s modernisation and streamlining of processes in revenue collection and taxation, appreciates the laudable efforts of Journalists and especially FICAN.
He said NCS commenced its digital transformation as far back as year 2006 with Asucuda, but has recently achieved a localised modern platform known as B’Odogwu.
He said the introduction of the local platform has boosted revenue collection as well as enhancing trade facilitation.
“B’ Odogwu refers to the Nigeria Customs Service’s unified, indigenous software system designed to modernise trade processes and improve efficiency at Nigerian borders.
” It acts as a single platform for all customs clearance processes. It centralises customs operations for better management and monitoring and risk control”, he noted.
Also, Professor Akintola Owolabi, Dean of Accounting, Lagos Business School, said FICAN stands as the beacon for financial journalism in Nigeria.
He stressed that for 35 years, the association has catalysed economic discourse by forging robust connections between the media, academia, and industry leaders.
” Your unwavering commitment to rigorous capacity building, incisive reporting, and fostering transparency has enriched public understanding of Nigeria’s complex financial sector”, he added.
Owolabi said that the theme of the conference was timely and vital for Nigeria’s sustainable development, adding that “at Lagos Business school the strategic vision is in consonance with advancing digital transformation, promoting and cultivating the leaders Nigeria requires to navigate and pioneer the evolving frontier.”
Access Bank Opens Application for Womenpreneur Pitch-a-Ton 2025 Program
L – R: Nene Kunle-Ogunlusi, Group Head, Women Banking; Chozoba Iheme, Group Head, Product and Segment; and Ifeoluwa Oyeyipo, all of Access Bank Plc during a session to announce the launch of Womenprenuer Pitch-a-ton Season 7 in Lagos recently.
Access Bank is pleased to announce the launch of its Womenpreneur Pitch-a-Ton 2025 programme, empowering female entrepreneurs across Africa with essential skills, knowledge, and resources to drive business growth and self-sufficiency.
Applications for the program commenced on Friday, September 19, 2025, and will close on Friday, October 3, 2025.
Speaking at the press conference in Lagos, Group Head, Women Banking, Nene Kunle-Ogunlusi told pressmen that the Womenpreneur Pitch-a-ton has empowered hundreds of women with business training, mentorship, and access to funding since its launch in 2019.
“This year, the program is back and better, offering women entrepreneurs the opportunity to scale their businesses, gain visibility, and connect with like-minded trailblazers across the continent.
The 2025 edition promises a rich and rewarding experience for women in business. Selected participants will undergo an intensive Mini-MBA program designed in partnership with the International Finance Corporation (IFC), equipping them with the knowledge and tools required to grow sustainable businesses. In addition, participants stand a chance to access significant financial support, with over N17.5 million to be awarded in grants to the most outstanding businesses. The program also ensures that the impact goes beyond the winners, as other finalists will enjoy consolation benefits and other business support services to help strengthen their brands and operations” she said.
Reiterating Nene’s comments, Oyeyipo Ifeoluwa, Project Manager, Womenprenuer Pitch-a-ton said “We have trained 878 women and awarded grants of up to $175,000.00 since the launch of Womenprenuer pitch-a-ton since 2019. The programme is not just about competition; it is a holistic journey designed to transform women-led businesses and contribute to Africa’s economic development.
The program is open to women entrepreneurs whose businesses are registered, have been existing for more than 1 year and own at least 50% shareholding in their business” Oyeyipo concluded.
Access Bank Opens Application for Womenpreneur Pitch-a-Ton 2025 Program
L – R: Nene Kunle-Ogunlusi, Group Head, Women Banking; Chozoba Iheme, Group Head, Product and Segment; and Ifeoluwa Oyeyipo, all of Access Bank Plc during a session to announce the launch of Womenprenuer Pitch-a-ton Season 7 in Lagos recently.
Access Bank is pleased to announce the launch of its Womenpreneur Pitch-a-Ton 2025 programme, empowering female entrepreneurs across Africa with essential skills, knowledge, and resources to drive business growth and self-sufficiency.
Applications for the program commenced on Friday, September 19, 2025, and will close on Friday, October 3, 2025.
Speaking at the press conference in Lagos, Group Head, Women Banking, Nene Kunle-Ogunlusi told pressmen that the Womenpreneur Pitch-a-ton has empowered hundreds of women with business training, mentorship, and access to funding since its launch in 2019.
“This year, the program is back and better, offering women entrepreneurs the opportunity to scale their businesses, gain visibility, and connect with like-minded trailblazers across the continent.
The 2025 edition promises a rich and rewarding experience for women in business. Selected participants will undergo an intensive Mini-MBA program designed in partnership with the International Finance Corporation (IFC), equipping them with the knowledge and tools required to grow sustainable businesses. In addition, participants stand a chance to access significant financial support, with over N17.5 million to be awarded in grants to the most outstanding businesses. The program also ensures that the impact goes beyond the winners, as other finalists will enjoy consolation benefits and other business support services to help strengthen their brands and operations” she said.
Reiterating Nene’s comments, Oyeyipo Ifeoluwa, Project Manager, Womenprenuer Pitch-a-ton said “We have trained 878 women and awarded grants of up to $175,000.00 since the launch of Womenprenuer pitch-a-ton since 2019. The programme is not just about competition; it is a holistic journey designed to transform women-led businesses and contribute to Africa’s economic development.
The program is open to women entrepreneurs whose businesses are registered, have been existing for more than 1 year and own at least 50% shareholding in their business” Oyeyipo concluded.
Stanbic IBTC Holdings Partners Lagos Business School to Host Sustainable Finance Summit 2.0 for Climate-Smart Finance
Stanbic IBTC Holdings, in collaboration with the Lagos Business School Sustainability Centre (LBSSC), has announced the highly anticipated Sustainable Finance Summit 2.0. Scheduled for Tuesday, 23 September 2025, this year’s event is themed “Financing Resilience: Digital innovation and AI for climate-smart communities.”
The hybrid summit will be held at the Civic Centre in Lagos, ensuring global accessibility and participation from international stakeholders.
The Sustainable Finance Summit 2.0 represents the definitive platform for understanding and shaping the future of finance and climate resilience in the digital age. As a comprehensive engagement, the summit targets a diverse ecosystem of participants, including financial sector professionals, C-suite executives seeking to understand emerging sustainable finance opportunities, technology and AI innovators, policymakers and regulators, corporate leaders, academic community including researchers and students advancing knowledge in sustainable finance, media and civil society, journalists and NGO representatives amplifying sustainable finance awareness.
For Investors: Discovery of new sustainable investment opportunities, understanding of climate risk assessment tools, and connection with innovative fintech startups and for Regulators: Platform for policy dialogue, exposure to international best practices, and collaboration opportunities with private sector leaders.
The Sustainable Finance Summit 2.0 emphasises meaningful dialogue and active participation, through interactive panel discussions with industry thought leaders; Live Q&A sessions fostering direct engagement between speakers and attendees; Networking sessions designed to facilitate strategic partnerships; and Case study presentations showcasing successful sustainable finance implementations and demonstrations of AI-powered climate solutions.
While anchored in Lagos, Nigeria’s commercial capital, the summit’s hybrid format enables international participation, reflecting the global nature of climate finance challenges and solutions. The event positions Nigeria as a leading voice in sustainable finance across Africa and internationally.
Registration link: https://events.lbs.edu.ng/SUSTAINABLEFINANCESUMMIT2025
IMT 4.0: Industry Thought Leaders Chart Growth Path for Insurance Industry
The Insurance Meets Tech (IMT) 4.0 Conference, one of West Africa’s largest insurance and technology convergence platforms held in Lagos, themed “Innovating for the New Trybe” and highlighted the role of technology in transforming the Nigerian insurance sector.
Discussions at the conference also centred, among other things, on how to bridge traditional insurance structures with emerging, technology-driven solutions, emphasising digital adoption, innovation, and client-centred experiences.
Leading an Executive Dialogue to discuss the Nigeria Insurance Industry Reform Act (NIIRA) 2025, recently signed into law by President Bola Ahmed Tinubu, was the Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr Olusegun Omosehin, who was represented at the event by the Deputy Commissioner for Insurance (Finance & Administration), Mr Ekerete Ola Gam-Ikon.
Omosehin stated that the NIIRA 2025, signed into law in July 2025, will foster economic growth by transforming the sector through increased capital, stronger policyholder protection via a Policyholder Protection Fund, digitalisation, microinsurance promotion, and alignment with global best practices.
“The Act is a warm piece of legislation that provides the blueprint to reset the industry”, he said. “This Act bridges the gap between what family and friends traditionally provide and what insurance should guarantee. Nigerians can now be confident that when something goes wrong, insurance will deliver,” he explained.
Omosehin highlighted that NIIRA’s recapitalisation will increase insurers’ capacity to handle risks and retain local businesses, contributing to the nation’s vision of a one trillion-dollar economy.
The Chairman, Nigerian Insurers Association (NIA), Mr. Kunle Ahmed, who is also the MD/CEO of AXA Mansard Insurance Plc, said, “NIIRA 2025 represents a bold step toward strengthening the regulatory framework, enhancing public trust, improving market penetration, and modernising operations within the industry. It reflects the Federal Government’s commitment to deepening financial inclusion and ensuring that insurance becomes a robust pillar in Nigeria’s economic framework, in line with the President’s vision for achieving a $1 trillion economy by 2030.
“This is not just a legislative victory; it is a shared mission. NIA stands ready to champion a more resilient and customer-centric insurance sector that contributes meaningfully to national development.”
In her contribution to the discourse on NIIRA 2025, the President of the Chartered Insurance Institute of Nigeria (CIIN), Mrs Yetunde Ilori, said, “The insurance industry is set for unprecedented transformation following the signing of the Act.
“It introduced critical measures such as stringent capital requirements to ensure the financial soundness of operators, enforcement of compulsory insurance policies to enhance consumer protection, digitisation of the insurance market to improve access and efficiency, zero tolerance for delays in claims settlement, creation of dedicated policyholder protection funds, especially in cases of insolvency, and expanded participation in regional insurance schemes, including the ECOWAS Brown Card System.
The President of the Nigerian Council of Registered Insurance Brokers, Prince Babatunde Oguntade, who was represented at the conference by Mr. Peter Offiong, Assistant General Manager at Scib Nigeria & Co. Ltd, while stressing the need for immediate implementation of the Act, highlighted NIIRA’s provisions on compulsory insurance, emphasising that digital platforms and collaboration with state agencies will support enforcement.
He emphasised that brokers remain central to the ecosystem. “Brokers will evolve into digitally empowered advisers who offer customised, transparent services. The Act safeguards their relevance while ensuring consumer adoption of compulsory insurance,” he said.
Tunde Mimiko, Managing Director, SanlamAllianz Life Insurance, whose organisation was IMT 4.0’s Official Insurer, stressed the need for the industry to build systems that move beyond legacy bottlenecks, strengthen compliance, and foster greater trust with policyholders.
He emphasised that such developments are crucial for safeguarding customers and positioning insurance as a key driver of financial security and sustainable growth in Nigeria.
The Managing Director, Cornerstone Insurance Plc, Stephen Alangbo, emphasised the company’s role as an Innovation Partner, focusing on digital transformation, customer-centric solutions, and the use of Insurtech to shape the future of inclusive coverage in Africa.
He highlighted Cornerstone’s commitment to leveraging technology and developing innovative products to meet dynamic market needs, as outlined in their strategy for leading the African insurance industry.
The event also featured global thought leadership and the conference’s Headline Speaker, Per Lagerström, a former McKinsey partner and the CEO of Yellowspot. He challenged Nigerian insurers to rethink their models, emphasising the human element in innovation. “Insurance is not built on products alone; it is built on behaviour. If we do not understand how people earn, live, and dream, we cannot design solutions they will embrace. Technology gives us the tools, but human insight gives us the answers.”
In his opening remarks, the convener of the IMT Conference and the Managing Director/CEO of Modion Communications, Mr. Odion Aleobua, called on insurance innovators to build distribution that meets people where they are: online, on mobile, at work, and in communities, while conforming to evolving lifestyles. He called on regulators to adopt regulations that protect consumers without stifling industry innovation.
He also noted that the high calibre of sponsors, participants, and partners, including the Commissioner for Insurance, regulators, and industry leaders, reflected a collective commitment to shaping a future of innovation and digital adoption within the Nigerian insurance industry.
Others who spoke at the conference included Mrs. Abimbola Anakomaiya, President, Professional Insurance Ladies Association (PILA); Mr Bode Pedro, MD/CEO, Casava Inc; Mr. Olalekan Oyinlade, MD/CEO, emPLE General Insurance; Mr. Deji Macaulay, CEO and Co-founder, CubeCover; Mr. Nelson Ekerele, MD/CEO, Enterprise Life Assurance Limited; Ms Adetola Adegbayi, Founder, Mutual Specialists; Uche Ayodele, Founder and CEO, FastClaim Solutions Limited; Nkiruka Okere, General Manager of aYo, Nigeria; Ayo-Bankole Akintujoye, CEO of Caladium Consulting and Ugodre Obi-Chukwu, Founder and CEO of Nairametrics among other who participated in the Redefined 2.0, the youth segment.
Stanbic IBTC Bank Unveils APPbility to Transform Digital Financial Lanscape in Nigeria
In a milestone move for digital banking, Stanbic IBTC Holdings PLC (Stanbic IBTC), an end-to-end financial institution in Nigeria, is set to revolutionise digital financial transactions through the launch of its enhanced mobile app 3.0 tagged ‘APPbility.’
This platform aims to transform the digital financial landscape across Nigeria.
APPbility builds upon the foundation set by the previously acclaimed Stanbic IBTC Super App, confirming the organization’s commitment to providing leading digital financial solutions. This launch is not merely an update, but a comprehensive upgrade designed to meet users’ intricate financial service needs. APPbility will offer various financial services, from everyday banking transactions to complex financial dealings, all within an easy-to-navigate interface.
Wole Adeniyi, Chief Executive of Stanbic IBTC Bank, expressed excitement and pride when speaking of the revamped mobile app.
“This is not just another launch; it is a monumental stride in our journey towards leading the charge in financial innovation. With APPbility, we are offering our clients an enhanced digital banking experience and redefining the essence of digital financial transactions in Nigeria.”
Kunle Adedeji, Acting Chief Executive of Stanbic IBTC, while explaining some of the new functionalities and rationale behind the launch of the newly revamped app said:
“On the Stanbic IBTC mobile 3.0, users can now access new life and general insurance policies through our Insurance Brokerage services; manage their Trust accounts; and deal in mutual funds and other investments via BluNest—the enhanced asset management investment platform. As an internationally astute organisation, users can now transact in English or Mandarin language, thus enabling more seamless cross-border transactions, all from the app.”
The launch of APPbility signifies a significant leap in banking and financial services. By offering users unparalleled control and convenience, Stanbic IBTC reaffirms its leadership in innovation and customer experience management.
This announcement invites customers, employees, the media, and stakeholders to witness this historic shift in the future of financial services in Nigeria. With the launch of APPbility, Stanbic IBTC ushers in a new era of efficiency, effectiveness, and exceptional service.
Fidelity Bank Commences Disbursement of FGN MSME Intervention Funds
Tier One Lender, Fidelity Bank Plc has commenced the disbursement of the Federal Government of Nigeria’s (FGN) MSME Intervention Funds, administered by the Bank of Industry (BOI), to qualified SMES with a strategic focus on empowering women-owned businesses across the country.
The FGN MSME Intervention Fund is designed to provide accessible financing to micro, small, and medium enterprises (MSMEs) across all 36 states of the federation. The intervention aligns with Fidelity Bank’s commitment to inclusive economic growth and its long-standing support for Nigeria’s SME sector.
In this phase of the disbursement, the bank is prioritizing women entrepreneurs, reinforcing its belief in the catalytic role of women-led enterprises in driving sustainable development and job creation.
Speaking on the development, Osita Ede, Divisional Head, Product Development at Fidelity Bank Plc, said, “as a bank deeply committed to the growth of SMEs, we are proud to partner with the Federal Government and the Bank of Industry on this critical intervention. For this phase, we are placing women at the forefront because we recognise their resilience, innovation, and pivotal contributions to wealth creation and employment generation in Nigeria.”
Fidelity Bank has also put in place a robust structure to ensure seamless onboarding and fund disbursement. Leveraging its nationwide branch network, digital banking platforms, and experienced relationship managers, the bank is poised to reach and support entrepreneurs across urban and rural communities.
The bank’s emergence as a critical player in the disbursement of the FGN MSME intervention Fund strongly aligns with its ongoing initiatives as the leading supporter of SMEs in Nigeria. Recently, the Fidelity SME Empowerment Programme (FSEP) was launched at its Gbagada SME Hub in Lagos.
This flagship initiative provided 100 growth-ready SMEs with ERPRev-enabled POS systems, business software, receipt printers, barcode scanners, inventory support, bookkeeping and branding training, three-day masterclasses, and six months of post-installation monitoring—all at no cost.
Earlier in May 2025, Fidelity Bank also signed an MoU with SMEDAN, Nigeria’s Small and Medium Enterprises Development Agency, to deliver SME-friendly low-interest financing, capacity-building support, and market access for SMEs referred under the agreement.
“Our vision goes beyond financing. We are building an ecosystem of support for SMEs by offering capacity-building programs, mentorship opportunities, and market access. Women entrepreneurs, in particular, will benefit from a larger share of the fund as part of our broader strategy to promote gender inclusion”, Ede added.
The FGN MSME Intervention Fund will further advance the bank’s commitment to empowering small and medium-sized enterprises by expanding access to affordable financing and strategic support. Through this fund, Fidelity Bank aims to deepen its impact on Nigeria’s MSME ecosystem, fostering sustainable growth, job creation, and economic resilience across the country.
About Fidelity Bank
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 the 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.
Fidelity Bank Extends GAIM 6 Promo, Ups Total Cash Rewards to N189m
Fidelity Bank Plc, a leading financial institution, has announced a three-month extension of its flagship savings campaign, the Get Alert in Millions (GAIM) Season 6 promo, now set to run until 30 November 2025.
In a bold move to further excite and reward customers, the bank has also increased the total cash rewards from ₦159 million to a record ₦189 million.
The announcement follows overwhelming feedback from customers and prospects who requested more time to participate in the campaign. Originally launched in November 2024 with a nine-month timeline ending in August 2025, the promo has now been extended with full regulatory approval.
Speaking to journalists, Osita Ede, Divisional Head, Product Development at Fidelity Bank Plc, stated, “Our decision to extend the GAIM 6 campaign is borne out of the feedback we received from our customers and prospects. They asked for more opportunities to benefit from the promo, and we listened. With management and regulatory consent, we’re thrilled to keep the excitement going for another three months.”
As part of the ongoing campaign, Fidelity Bank recently celebrated 20 customers nationwide, each receiving ₦1 million after being selected in the 7th and 8th monthly draws. Winners are chosen through electronic draws supervised by the Federal Competition and Consumer Protection Commission (FCCPC) and other regulatory bodies to ensure transparency and fairness.
“We are delighted to welcome our newest beneficiaries and commend their loyalty. A million Naira is a life-changing amount, and we encourage them to make the most of it.
One standout feature of GAIM is our financial advisory support at the Fidelity SME Hub, designed to help recipients grow their rewards,” commented Ede on the latest batch of recipients.
With over ₦30 million still up for grabs in the remaining monthly draws, and ₦2 million, ₦5 million, and ₦10 million earmarked for the second runner-up, first runner-up, and grand prize recipient respectively in the final draw, Fidelity Bank is calling on all Nigerians to open and fund their Fidelity Savings Accounts for a chance to be selected.
Through GAIM 6, Fidelity Bank continues to champion financial empowerment, reward customer loyalty, and promote a savings culture across Nigeria — staying true to its mission to help individuals grow, inspire businesses to thrive, and empower economies to prosper.
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 recognized 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.
PenCom Plans Redesign of Micro Pension Plan to Deepen Financial Inclusion
The National Pension Commission (PenCom) has reiterated that it will redesign the Micro Pension Plan to boost financial inclusion especially in the informal sector.
This was disclosed at the 2025 Annual Conference of the Nigerian Association of Insurance and Pension Editors, with the theme, “Strengthening Insurance and Pension Frameworks for Better Economy.”
Micro Pension Plan is an arrangement under the Contributory Pension Scheme that allows the self-employed and persons working in organisations with less than three employees to make financial contributions towards the provision of a pension for their retirement or upon incapacitation.
Speaking at the conference, the Director-General, PenCom, Ms. Omolola Oloworaran, who was represented by Head, Corporate Communications, PenCom, Mr. Ibrahim Buwai, averred that the majority of the Nigerian workforce was in the informal sector.
He said: “Let’s talk about this issue of expanding the Contributory Pension Scheme towards increasing financial inclusion to grow the informal sector. Even though the data out there of the Nigerian labour force says 70 million or 80 million or what have you. Be that as it may, the consensus there is that the labour force out there largely resides in the informal sector.
“How we bring the informal sector under the contributory pension scheme is made even more important in a country like Nigeria, in order to strengthen the social safety net.” is not that strong. So, pension is what will come in handy to achieve that.
The Micro Pension Plan was launched in 2019 by the National Pension Commission (PenCom), but unfortunately, it has not gained much traction as it has only about 200,000 contributors registered under that plan with an asset of about a billion naira, which is very insignificant.
“What we are engaged in doing now is looking at totally redesigning that product. And in the next few weeks, we are going to come out with a newly branded micro pension plan now called Personal Pension Plan. We recognise the issues with the product. One of the key elements of the product is that that product is going to be stratified to recognise that various segments of the sector. The new plan will be tailored towards the entire sector to cover Artisans, professionals, entertainers, sportsmen, amongst others.
“But the most important thing is to address the challenges especially around onboarding. I am happy because even the keynote speaker mentioned technology-enabled onboarding, so that is part of what we are looking at. We will put technology in place so that onboarding can be as simple as going to the POS to withdraw or lodge money,” Ms Oloworaran said.
The PenCom DG also disclosed that with the increase in FinTech, the regulators were considering a Super- Agent model for the onboarding in close collaboration with PFAs.
Regarding the deployment of pension fund to economic development, PenCom said that it was one area it was focusing on.
“At the moment, we are renewing impetus to ensure that pension funds are invested in infrastructure, private equity etc. This is a two-pronged approach. Apart from the issue of economic development, we are also concerned about the real returns on investment for the benefit of the retirees and contributors. This is to ensure that the real purchasing power of retirees is well protected.
Sovereign Trust Insurance Board Visits NAICOM in Abuja
L-R: Shedrach Odoh, Director, Sovereign Trust Insurance Plc, Eric Balogun, Independent Director, STI Plc, Abimbola Oguntunde, Chairman, Sovereign Trust Insurance Plc, Ugochi Odemelam, Executive Director, Marketing and Business Development, STI Plc, Olusegun Ayo Omosehin, Commissioner for Insurance, National insurance Commission, NAICOM, Emi Faloughi, Director, STI Plc and Ekerete Ola Gam-Ikom, Deputy Commissioner for Insurance, Finance & Admin, NAICOM.
NIIRA Strengthens Insurance Framework to Enhance Contribution to GDP
L-R: Head of Operations, Parthian Pensions Limited, Mr. Adetunbi Ashaye; Group Deputy Managing Director, Afrinvest, Victor Ndukauba; Managing Director/CEO, Rex Insurance Ltd, Mrs. Ebelechukwu Nwachukwu; immediate past Commissioner for Insurance and Chairman of the occasion, Olorundare Sunday Thomas; Chairperson, Nigerian Association of Insurance and Pension Editors (NAIPE), Nkechi Naeche-Esezobor; Director, Legal, Enforcement and Market Development, NAICOM, Talmiz Usman and Head, Corporate Communications, National Pension Commission (PenCom), Mr. Ibrahim Buwai, during the 2025 NAIPE annual conference/10th anniversary, themed ‘Strengthening Insurance and Pension Frameworks for Better Economy,’ in Lagos.
Experts have said that the newly signed Nigerian Insurance Industry Reform Act has strengthened the ability of the sector to improve its contribution to the nation’s Gross Domestic Product.
The industry experts who spoke at the 10th annual conference of the Nigerian Association of Insurance and Pension Editors maintained that the new legislation could position insurance as a key driver of Nigeria’s vision of building a $1 trillion economy.
Signed into law by President Bola Tinubu in July 2025, NIIRA 2025 is designed to expand insurance penetration and improve industry stability.
Commissioner for Insurance/CEO, National Insurance Commission (NAICOM), Mr. Olusegun Omosehin, said that the NIIRA will lead to economic growth, employment generation, and more local retention capacity.
The Commissioner who was represented by the Director, Legal, Enforcement, and Market Development, NAICOM, Dr Talmiz Usman, said: “One of the key things is the repositioning of the sector in terms of the financial muscle. It has now introduced two tiers of capital. The first is the minimum capital requirement. Now the minimum capital has been shored up to N10 billion for Life, N15 billion for Non-Life, and N35 billion for Reinsurance. What this translates to is that insurance companies will have more capacity, higher businesses, take care of higher risks and retain local content. This will also lead to economic growth, employment generation, and more retention of local capacity domestication.
“The second layer is the Risk-Based Capital. This is not a one-size-fits-all. It is time for operators to provide capital that matches the level of their risk exposure. What the regulator is expected to do is to determine that, for an underwriter to underwrite any level of business, you must have a certain level of capital threshold in relation to your risk exposure. What that translates to is that, apart from what we are seeing in terms of that, yes, the company can write, it also translates to building confidence in the insurance sector, and I am sure that for the company to be able to underwrite this kind of business, it has the financial capability to do it.”
Usman asserted that with the NIIRA 2025, companies will be able to pay claims, saying, “The role of the regulator is to make sure that operators pay claims. And that will now boost the trust in the insurance sector.
Another thing that the new Act is encouraging is simplicity of operations. In this case, even the Proposal Form should be as simple as possible for the prospect to be able to understand what he/she is going into.
“The law also provides that before the commencement of your policy, you must issue a policy document which contains the terms of the contract. This was not captured in the previous legal instruments. The law says the policy document must be in simple and clear terms that anybody can see, read and understand. This alone will build trust and boost public confidence in the insurance sector.”
Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market
Niteon, one of Nigeria’s largest digital export marketplaces, has announced the launch of Niteon Capital, the first neobank built specifically for African manufacturers.
Founded by Nigerian entrepreneurs, Tony Nwose and Daniel Chukwuemelie, the US-based startup has already built a reputation for helping verified African manufacturers, spanning agriculture, fabrics and minerals products connect seamlessly to international buyers.
With operational footprints in the US, UK, Canada, and South Asia, and a recent FDA Global Partner License unlocking export access to the United States, Niteon is already a formidable force in African digital trade.
The launch of Niteon Capital (www.niteoncapital.com), comes as the company gears up for its $1.5 million equity and $5 million debt seed round, signalling a bold expansion into fintech infrastructure to complement its fast-growing marketplace, and taking aim at a deeper, more entrenched problem: Manufacturers’ finance.
“African manufacturers are doing the hard work, but they’re being underserved by traditional banks. There’s no financial infrastructure built for them,” says CEO Tony Nwose. “Niteon Capital changes that.”
The Manufacturer’s Bank: Tailored Trade Finance at Last
Unlike conventional digital banks, Niteon Capital isn’t designed for just anyone. It’s engineered specifically for manufacturers and exporters. This includes:
- Invoice & Procurement Financing: To help factories fulfill large purchase orders without cash flow delays.
- Sharia-Compliant Financing: Opening access to ethical financing models for manufacturers across Northern Nigeria and other Islamic markets.
- Export Wallet Accounts: A revolutionary new financial tool that allows manufacturers to operate export-ready accounts with built-in tax advantages, carbon credit earnings, and multi-currency support.
- Infrastructure Loans: Medium-term financing to upgrade machinery, facilities, or logistics capabilities—ensuring African manufacturers can meet global standards.
The entire system is embedded directly into Niteon’s growing export ecosystem, reducing friction between buyers, sellers, logistics providers, and now… banking.
Positioned for Global Scale
The launch of Niteon Capital marks a key inflection point in Niteon’s trajectory, from a B2B marketplace into a comprehensive export ecosystem. It’s not just about matching buyers and sellers anymore. It’s about solving the systemic constraints that have stifled Africa’s trade capacity for decades.
Backed by global players like Seedstars, Tomi Davis, TVC Labs, Zenith Bank, and the Development Bank of Nigeria, Niteon is now positioning itself as a TradeTech leader, building infrastructure that rivals anything on the continent.
“We’re not just scaling a platform,” co-founder Daniel Chukwuemelie adds. “We’re building the financial engine behind Africa’s industrial growth story.”
Next Stop: Seed Round
As Niteon rolls out Niteon Capital across its network, the team has opened its $1.5m equity and $5m debt seed round to strategic partners looking to accelerate African trade.
The funding will power neobank expansion, licensing, deeper AI integration, and onboarding of over 20,000 manufacturers by Q4 2025.
“This is not just another fintech product. It’s a blueprint for how Africa will finance its own industrial future from factory floor to global warehouse.”
Designing the Future: Arc Christian Benimana, Prof Taibat Lawanson to Headline Ecobank Design and Build 2025
Ecobank Nigeria has announced that celebrated architect Arc. Christian Benimana and leading urban planning scholar Prof. Taibat Lawanson will headline the Ecobank Design and Build Exhibition 2025, taking place from September 24 to 28 at the Ecobank Pan African Centre (EPAC), Victoria Island, Lagos.
Arc. Benimana, co-founder of the African Design Centre and principal at MASS Design Group, is internationally recognized for advancing socially responsive and sustainable African architecture. He will deliver a keynote address titled “Designing the Future” on Day 3 of the exhibition.
Prof. Lawanson, Leverhulme Professor of Planning and Heritage at the University of Liverpool, is widely respected for her groundbreaking research on African urban informality, housing, and spatial justice. She will lead a session on “Designing Better Cities and Homes in Nigeria” on Day 2.
The exhibition’s knowledge exchange sessions will also feature:
- “International vs. Local: The Sourcing Question for Interior Design” with Patrick Koshoni, Tola Akerele, Aishat Lawal, and Adeyemo Shokunbi.
- “Women in Design & Architecture” with Jacqueline Aki, Safiya Yahaya, Nwamaka Okoye, and Sandra Edoho.
- Insights from Malik Afegbua, Remi Dada, Adewunmi Adegbola, and Omon Anenih, exploring the future of design, technology, wellness, and sustainability.
Omoboye Odu, Head of SMEs at Ecobank Nigeria, noted:
“These sessions will deliver practical insights and fresh perspectives that can shape the future of design, construction, and architecture across Africa.”
The Ecobank Design and Build Exhibition 2025 underscore the bank’s broader commitment to empowering entrepreneurs, driving financial inclusion, and connecting local businesses with global opportunities. Ecobank Nigeria continues to invest in the growth of SMEs through initiatives such as the Adire Lagos Experience, +234 Art Fair, Ecobank National Schools Team Chess Championship, and Oja Oge 2025. These efforts are complemented by extensive training and empowerment programs designed to strengthen businesses nationwide.
Ecobank Nigeria, a subsidiary of the leading pan-African banking group, looks forward to welcoming industry professionals, entrepreneurs, and enthusiasts to this flagship event.