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SanlamAllianz, Cornerstone, emPLE, Enterprise Life, Leadway, Lasaco Throw Weight Behind IMT 4.0

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The fourth edition of Insurance Meets Tech (IMT 4.0) has garnered strong support from industry leaders, further solidifying the event’s position as the premier platform for exploring the intersection of insurance, technology, and culture.

Leadway Assurance, Enterprise Life, Cube Cover, and emPLE have signed on as Gold Sponsors, while SanlamAllianz serves as the Official Insurer. Cornerstone Insurance joins as the Innovation Partner and Lasaco Assurance lends its backing as a Bronze Category Sponsor.

Complementing these are the Nigerian Council of Registered Insurance Brokers (NCRIB) and the Chartered Insurance Institute of Nigeria (CIIN), both of which have been confirmed as Institutional Partners.

Speaking on the significance of this support, Odion Aleobua, Convener of IMT Conferences, said: “The calibre of sponsors and partners for IMT 4.0 reflects the industry’s collective commitment to shaping a future where innovation, digital adoption, and lifestyle relevance are at the heart of insurance. With this level of backing, IMT 4.0 is set to deliver its boldest impact yet.”

Themed “Innovating for the New Trybe”, IMT 4.0 will highlight the opportunities for technology-driven insurance models that resonate with today’s customers, especially Millennials and Gen Z.

A major highlight will be the Executive Dialogue to be led by the Commissioner for Insurance (CFI) Olusegun Ayo Omosehin, themed “NIIRA: A New Era Beckons”, which will dissect the recently released NAICOM Insurtech Guidelines and their implications for the future of Nigeria’s insurance sector.

Alongside executive sessions, IMT Redefined will blend culture, lifestyle, and Afrobeats to creatively position insurance as a tool for protecting aspirations, businesses, and everyday living.

The conference will take place at the Balmoral Hall, located at Sheraton Hotel, Ikeja, Lagos.

NCDMB, Coppercrux Engage South-South Youths on CNG Technologies, Opportunities in Value Chains

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The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Coppercrux Limited in Port Harcourt flagged off a 5-day Awareness and Capacity Building Workshop for youths in the South-South region on compressed natural gas (CNG) technologies and the associated value chains.

Areas covered on Day 1 of the training programme include “Introduction to CNG and Energy Transition: Awareness, Importance and Benefits,” “Presidential CNG Initiative: An Overview,” and “Economic Opportunities for Youths in the Green Energy Sector,” with interactive sessions during intervals for questions and answers between participants and resource persons.

In a welcome address at the event, the Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe, said the workshop was of strategic importance to the Board in the pursuit of its core mandate of capacity building and its implementation of the Presidential CNG Initiative, a critical component of Federal Government’s programme for energy security, job creation and environmental sustainability.

He charged the 50 participants in the workshop to take full advantage of the training, pointing out that CNG as a relatively new energy source in Nigeria has enormous opportunities that could significantly transform individual lives and usher in economic growth and industrialisation in the wider society.

The Executive Secretary, represented by Mr. Kingsley Neyin, a Deputy Manager in the Executive Secretary’s Office, who said that under the specialised training being provided, participants would understudy industry experts and have sufficient exposure to industry practices as would fit them for efficient operations in the oil and gas sector.

“Some will seek employment and others could take off as entrepreneurs,” he explained, while urging them to access the Nigeria Oil and Gas Industry Content Joint Qualification System (NOGIC JQS) to register whatever skills and capacities they have acquired as individuals or as companies.

In the first presentation of the workshop, Professor Aminu Bayawa Muhammad, of the Department of Energy and Applied Chemistry, Usmanu Danfodio University, Sokoto, examined different aspects of the topic, “Introduction to CNG and Energy Transition: Awareness, Importance and Benefits,” with special focus on the global energy challenge, CNG vs. LNG vs. LPG, energy transition, as well as benefits.

He noted that the world has continually transited from one source of energy to another, beginning from the earliest times, and that the conventional fuels of the present, notably, coal, petrol, and diesel, among others, have become increasingly harmful as a result of greenhouse emissions and the associated global warming. CNG, he explained, is a transition fuel as the push for cleaner energy progresses.

According to him, “the global shift from fossil-based systems of energy production and consumption to renewable energy sources of energy like solar and wind…is a journey, not an overnight switch.”

He listed benefits of CNG to include environmental sustainability, performance (given the high-octane rating of CNG, which enhances engine efficiency), safety in terms of the strength of CNG tanks, lower fuel and maintenance costs.

In conclusion, he stated that “CNG is a proven, safe, and readily available alternative fuel,” and that it plays a crucial role as a transition fuel.

In an overview of the Presidential CNG Initiative, Dr. Dagwon Y. Wang, an Associate Professor of Accounting and Public Finance at ANAN University, Kwali, Plateau State, said the Federal Government is deliberate in its CNG programme, seeking clean energy and reduced emission to support its climate goals.

Other key targets of Government include investments, job creation, and lower transportation costs. He said trainees would carry out part of their programme in conversion centres alongside other activities to enhance their understanding of the CNG value chains.

On economic opportunities for youths in the green energy subsector, a facilitator of the workshop, Mr. Adejo Joshua, pointed out that within the value chains are manufacturing (of CNG cylinders, components, kits, etc.), conversion (of vehicle engines), equipment supply, and servicing, among others.

At the macro-economic level, he noted, the CNG Initiative would boost import substitution, infrastructure development, and innovation in transportation. According to him, entrepreneurial opportunities also abound in areas such as CNG retrofitting centres, eco-friendly product design, CNG sales and distribution, as well as Information Technology (IT) software.

In his conclusion, he stated that “green energy is more than just a climate solution; it’s a youth empowerment accelerator.”

In a vote of thanks, a participant, Mrs. Eniola Shittu, expressed profound appreciation to the NCDMB for the workshop which, according to her, “takes us through a world of possibilities.” She also thanked the facilitators and resource persons for the zeal they have demonstrated in the training.

Fidelity Bank Champions Africa’s Export Growth at FNITCC Atlanta 2025

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Leading financial institution, Fidelity Bank Plc has announced plans to convene a high-level panel of seasoned experts to chart a strategic roadmap for promoting African exports in global markets.

The panel session, titled “Laying the Tracks: Strengthening the Institutional Infrastructure for Africa’s Trade Promotion,” is scheduled for Day 2 of the Fidelity Nigeria International Trade & Creative Connect (FNITCC)—Saturday, September 20, 2025—at the Omni Atlanta Hotel, Centennial Park, Georgia, USA.

Confirmed speakers include Nonye Ayeni, Executive Director/CEO of the Nigeria Export Promotion Council; Shaquana Teasley — Founder & CEO, Agate Solutions (U.S.); Titus Olowokere, Executive Director of the US-Nigeria Business Council; Affie Braimoh, Founder of Sac Fruits and former Commissioner of Industry, Trade & Cooperatives, Edo State; and Sebastine Osita, CEO of GIG Logistic Technologies Ltd.

Isaiah Ndukwe, Divisional Head of Export and Agriculture at Fidelity Bank Plc, stated, “As Nigeria’s leading financial institution in the non-oil export sector, Fidelity Bank Plc is driving sustainable growth and delivering measurable impact across Africa’s trade corridors. Through tailored financial solutions, market access platforms such as FNITCC, and capacity-building initiatives like our Export Management Programme, we are reinforcing our strategic role in strengthening the export ecosystem and empowering businesses to thrive globally.”

He added: “The upcoming panel session at FNITCC is a timely intervention to address the institutional gaps that hinder Africa’s full participation in global trade. For us at Fidelity Bank, strengthening our trade infrastructure is more than an economic imperative—it’s a continental priority.”

Hosted in collaboration with AFRICON—the leading global forum for African innovators and change leaders—FNITCC Atlanta is scheduled to take place from September 18 to 20, 2025. The event is expected to attract over 3,000 participants, including investors, trade agencies, exporters, and diaspora professionals. It is expected to facilitate trade and investment transactions exceeding US$500 million.

In addition to panel discussions focused on enhancing African exports in international markets, FNITCC Atlanta will offer a variety of seminars and panels featuring prominent figures such as Mustafa Chike-Obi, Chairman of Fidelity Bank Plc; Aishah Ahmad, Global Finance Leader and former Deputy Governor (Financial System Stability), Central Bank of Nigeria (CBN); Abba Bello, Managing Director of Nigerian Export Import Bank (NEXIM); and Olasunkanmi Owoyemi, Group Managing Director/Chief Executive Officer of Sunbeth Global Concepts Nigeria Ltd.

Further highlights include dedicated deal rooms, an exhibition showcasing African products and services across agriculture, extractive industries, fashion, creative sectors, and professional services; as well as targeted matchmaking sessions connecting US buyers, investors, and partners.

Interested participants are encouraged to register for the conference at www.fidelitybank.ng/fnitcc .

Fidelity Bank Plc is a full-fledged commercial bank with over 9.1 million customers who are serviced across its 251 business offices and various digital banking channels in Nigeria and the United Kingdom.

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 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.

 

NAICOM, CAC Partner for 12- Month Recapitalisation Timeline

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The Management of the National Insurance Commission (NAICOM) paid a courtesy visit to the Registrar General of the Corporate Affairs Commission (CAC), Barr. Hussaini Magaji SAN, at his office in Abuja. The meeting centered on discussing the implementation of the Nigeria Insurance Industry Reform Act (NIIRA) 2025, with a focus on collaborative efforts to ensure a smooth transition.

The Commissioner for Insurance (CFI) expressed gratitude to the Registrar General for the warm reception and acknowledged the CAC’s management for their ongoing support and collaboration. He highlighted key provisions of NIIRA 2025, emphasizing the importance of CAC’s support in meeting the 12-month timeline for recapitalization stipulated in the Act.

In response, the Registrar General thanked the CFI and reaffirmed his commitment to supporting President Bola Tinubu’s vision for a robust economy. He noted the long-standing partnership between CAC and NAICOM in promoting the growth of the Nigerian economy. The Registrar General assured the CFI of CAC’s support for the insurance industry reforms, pledging to collaborate with NAICOM to:

– Issue guidelines to facilitate the recapitalization process

– Enhance data exchange between the two agencies

– Provide concessions and expedited clearance where necessary

This visit underscores the commitment of both agencies to work together in driving the growth and development of the insurance industry in Nigeria.

Fidelity Bank to Host Eduthrive Conference to Empower School Owners Ahead of New Academic Session

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Leading financial institution, Fidelity Bank Plc, is set to convene key stakeholders in Nigeria’s education sector for Eduthrive, an inspiring two-day conference designed to equip school owners with the tools and strategies needed to thrive in the upcoming academic session.

Themed “Positioning Your School for Growth,” the event will take place from August 28 to 29, 2025, at the Fidelity SME Hub, 22 Lanre Awolokun Street, Gbagada Phase 2, Lagos. It will feature panel discussions, stakeholder engagement sessions, and networking opportunities, including participation from the Lagos Office of Education Quality Assurance. The program is tailored to support sustainable growth and operational excellence in the education sector.

According to Osita Ede, Divisional Head, Product Development at Fidelity Bank Plc, “Running a profitable educational institution today requires a blend of academic expertise and smart entrepreneurial skills. From keeping pace with evolving standards to upgrading facilities and paying competitive salaries, the financial demands on school administrators are significant.

“For many, the difference between surviving and thriving lies in having the right support. That’s what makes Fidelity Bank’s offerings for the education sector unique—we continuously curate products and services that empower school administrators and stakeholders across the education value chain.”

The Eduthrive Conference is the latest in Fidelity Bank’s series of impactful initiatives aimed at improving access to quality education in Nigeria. Earlier this year, the bank launched the Lighting Young Minds initiative, donating solar-powered school bags to pupils in public primary schools. This intervention, hailed as a game changer, enables children to study safely at night without relying on candles or kerosene lamps.

In addition, Fidelity Bank has hosted education-focused webinars with themes such as, “Strengthening Child Education through Parent-Teacher Partnerships” in 2024 and “Maintaining Education Standards Amidst Current Economic Realities” in September 2024.

These initiatives reflect the bank’s unwavering commitment to supporting educational institutions through financing, capacity development, branding, and digital platforms.

“The Eduthrive event presents an opportunity to unpack Fidelity Bank’s tailored solutions for the education sector—solutions that address real challenges and unlock growth potential,” added Ede.

For more information and registration, visit https://bit.ly/Back-to-SchoolReadiness2025

Fidelity Bank Plc is a full-fledged commercial bank with over 9.1 million customers who are serviced across its 251 business offices and various digital banking channels in Nigeria and the United Kingdom.

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 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

Japan Designates City of Kisarazu as Hometown for Nigerians

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Mrs. Florence Akinyemi Adeseke, Nigeria’s charge d’affaires and Yoshikuni Watanabe, the Mayor of Kisarazu with the certificate that designates Kisarazu Nigeria’s hometown.

The government of Japan has named the city of Kisarazu as the hometown for Nigerians willing to live and work in the country as part of its strategic efforts to deepen cultural diplomacy, promote economic growth and enhance workforce productivity.

Under this new partnership, announced on the sidelines of the 9th Tokyo International Conference for African Development, the Japanese government will create a special visa category for highly skilled, innovative, and talented young Nigerians who want to move to Kisarazu to live and work.

Artisans and other blue-collar workers from Nigeria who are ready to upskill will also benefit from the special dispensation visa to work in Japan.

Japan International Co-operation Agency, in a ceremony, also named the cities of Nagai in Yamagata Prefecture the hometown of Tanzania, Sanjo in Niigata Prefecture the hometown of Ghana, and Imabari in Ehime Prefecture the hometown of Mozambique.

Through the arrangement, Japan looks to strengthen exchanges with the four African countries by officially connecting municipalities with existing relations with those nations.

Nigeria’s Charge d’Affaires, Mrs. Florence Akinyemi Adeseke, also the Acting Ambassador to Japan, and Yoshikuni Watanabe, the Mayor of Kisarazu, received the certificate from the Japanese government naming Kisarazu the hometown of Nigerians.

The four cities will foster a foundation for two-way exchanges for manpower development that will add value to the economic growth of Japan, Nigeria, and the other three African nations.

Local authorities hope that the designations will increase the population of their cities, contributing to their regional revitalisation efforts.

Kisarazu was the official host town of the Nigerian contingent for the 2020 Tokyo Olympics. The team conducted their pre-games training camps and acclimatisation in the city before moving to the Olympic village, in the COVID-19 delayed Olympic Games.

In his opening address at the TICAD9, where he announced $5.5 billion in new investment in Africa, Japanese Prime Minister Shigeru Ishiba emphasised the importance of mutual understanding, local solutions, and collaborative efforts for Africa’s development.

The Prime Minister outlined Japan’s focus on private sector-led sustainable growth, youth and women empowerment, and regional integration.

Prime Minister Ishiba acknowledged the challenges of Japan’s ageing population but emphasised that locally rooted solutions are essential for Africa’s development.

“Japan is providing various cooperation and support for Africa. But first of all, Japan needs to know more about Africa. So, in creating solutions together, this co-creation at the TICAD 9, we focus on three important areas: private sector-led sustainable growth, Youth and Women, and regional integration and connectivity within and beyond Africa”.

He appealed to African countries to assist Japan as it grapples with the challenges of a declining population and shrinking agricultural land.

Tinubu Lauds Petrobras’ Imminent Return as Nigeria, Brazil Ink MoUs to Boost Economic Ties

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President Bola Tinubu on Monday welcomed Petrobras’s imminent return to Nigeria, five years after Brazil’s state-owned oil company halted its joint venture operations.

At a joint press conference in Brasília during his State Visit to Brazil, President Tinubu said Petrobras’ return would reignite economic cooperation in the energy sector between the two countries.

“We have the largest gas repository. So- I don’t see why Petrobras doesn’t join as a partner in Nigeria as soon as possible. I appreciate President Lula’s promise that this will be done as soon as possible,” he said.

During the state visit, Nigeria and Brazil signed five Memoranda of Understanding (MoUs) to strengthen trade, diplomacy, science, aviation, and finance cooperation.

President Tinubu praised President Lula’s commitment to revitalising the partnership between the two countries, noting that Nigeria’s economic space remains a virgin land, full of opportunities for Brazilian companies.

He acknowledged Embraer’s efforts in addressing the critical challenges of local airline operations in Nigeria, primarily through establishing a Service Centre to serve as a hub for the subregion in essential repairs and maintenance of its ever-increasing fleet in Nigeria.

President Tinubu recalled his previous engagements in Brazil and emphasised the urgency of moving beyond symbolic ties to concrete economic cooperation.

“Honourable Ministers of both countries, members of the Brazil Business Group, I have listened carefully to my friend, President Lula. We had a lengthy discussion. We talked about history and about African and Brazilian heritage.

“We tried to see why we are not at the level we wanted. We have allowed some problems and activities in the past to deter us from making progress and fulfilling our promises. But today we say that is the end of that.

“This is my third visit to the country. First, the visit to attend the G20. Second, on climate change, BRICS. And today, an official and state visit was very emotional.”

Highlighting the areas of cooperation, the President underscored Nigeria’s readiness to partner with Brazil on technology transfer, food security, manufacturing, and renewable energy.

“Today, we are fighting and working hard to bring our sovereignty to the level of expectation that we as a nation, the most populous, the most dynamic country, Nigeria, share with Brazil. We need to share—technology transfer, energy, economy—so that Brazil can continue to widen the opportunities for us to embrace Africa. Africa is the new frontier.

”There is no other way to do it than to embrace it with technology, fast development, research, food sovereignty, and manufacturing.”

The President stressed the need for investment and knowledge exchange on healthcare and pharmaceuticals.

“We have elevated this promise to the path of reality, as you have seen in various MOUs. I don’t know why the manufacturing of generic drugs, which Brazil has done deeply and far, cannot be in Nigeria.

”I don’t see why the technological superiority of Brazil is not shared with Africa. We assured each other that only we can develop our economies to help our sovereignty.”

The President assured investors that Nigeria’s economic reforms are yielding results.

“The reforms I’ve embarked upon since I took over in Nigeria have been very impactful. It was initially painful, but today the result is blossoming.

”It’s getting clearer to the people. We have more money for the economy, and there will be no more corruption. We have the governor of the Central Bank of Nigeria here. You don’t have to know him before getting the foreign exchange you need. The speculators are out. In our currency market, the door is open for businesses,” he said.

President Lula welcomed the restart of the Brazil-Nigeria relationship.

“At a time when protectionism and unilateralism have returned, Nigeria and Brazil reaffirm their bet on free trade and productive integration. We continue to be dedicated to building a world of peace, free from hegemonic impositions.

“There are many possibilities for synergy between the world’s two largest countries with Black populations. Agriculture and livestock, oil and gas, fertilisers, aircraft, and machinery, among others, represent wide avenues for cooperation”.

He spoke further on the BASA agreement: “Increasing the direct connections between Nigeria and Brazil is another essential step to strengthen the ties between our societies. We have approved the launch of a direct flight, to be operated by Nigeria’s largest airline company, Air Peace, between Lagos and São Paulo”.

Following a two-hour expanded bilateral meeting, the two leaders witnessed the signing of agreements and MOUs at the Palácio do Planalto in Brasília.

Nigeria is Brazil’s 49th largest export destination, with trade totalling nearly US$2.1 billion in 2024. Brazil exported almost US$1 billion to Nigeria, primarily sugar and jams, and imported US$1.1 billion, mostly fertilisers.

President Tinubu attended a state luncheon hosted at the Itamaraty Palace following the press conference.

Businessman, Ajose, Donates Materials to APC for Continuous Voters Registration Exercise

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As part of efforts to support the rulling All Progressives Congress (APC) in the ongoing Continuous Voters Registration (CVR) exercise by the Independent National Electoral Commission, INEC, Lagos businessman and philanthropist, Mr. Samuel Mawuyon Ajose has hit the ground running by donating logistics materials to the 57 LGA chairmen of the APC in Lagos State to ease the exercise that started recently.

The presentation was made shortly after a brief meeting with the 57 LGA chairmen at the prestigious Cathedral Church Primary School on Broad Street, Lagos Island.

Items presented to the chairmen included 57 HP desktop printers, 57 Lenovo Laptops, 57 Generators, 57 MTN wifi with subscription for 6 months, 57 Electric standing fans, 57 surge protector extension leads, 57 HP mouse and banner for public awareness for the registration.

The presentation came along with the donation of the sum of N200,000 to each LGA chairman for the mobilisation of those who will do the job for six months.

Speaking at the gathering, Ajose said that he did this because of the great job President Bola Ahmed Tinubu’s government is recording both at the federal and state levels, who he said will do more when he is reelected in 2027.

He stated that the secret of continuity is to win elections and that to win elections, the APC must record massive votes, saying that this can only be achieved, when members of the public have access to vote and that the means of voting is the PVC.

He added that this was why they wanted the people to get their PVCs and the reasons they were supporting the party with logistics and manpower.

Speaking further, he stated that people who have PVCs through the support of APC will be willing and happy to vote for the party and that this was why they were not just calling on members of the public to enroll in the exercise, but provide them with the means to ease the process at all cost.

Ajose said that he wanted to recruit more members for the APC, and that “we want the exercise to go to the grassroots, reach the common man and make a positive change in our society,” he said.

The 49-year-old philanthropist and an indigene of Badagry, Lagos State and CEO of Samuel Ajose Foundation, told newsmen that the awareness campaign and support is part of planning ahead for the victory of President Bola Tinubu in 2027 and that his victory can only come with massive and bulk votes so that he will continue the great job he started ranging from the Lagos-Calabar expressway, the approved seaport in Badagry and other big infrastructure and gigantic amenities across the nation.

He now appealed to members of the public across the 57 LGAs to go out in large number to utilise the opportunity by enrolling for their PVCs, which he said will also be useful to them in other areas apart from exercising their franchise.

Commenting on the exercise, the Chairman of the APC in Lagos State, Pastor Cornelius Ojelabi, who was ably represented by his Deputy, Hon. Moshood Mayegun, applauded Ajose for his love for the party, courage, sportsmanship and  dedication to the party and members of the public, saying, “truly, you are a member of our great party and your actions today have shown the undiluted love you have for the party and members of the public and you have written your name in gold in the hearts of the party members.”

Mayegun said that the party is so grateful with the materials and that it will be a smooth exercise in collaboration with what the INEC has provided and that it is a pathway to victory for the party in the coming polls.

In his acceptance speech, the Chairman of the Conference of 57 LGA Chairmen in Lagos State, Hon. Mayegun Dalley Adeokun and his Deputy, Hon. Rasheed Shobaloju, who spoke on behalf of others, thanked Ajose for the donations and promised that the materials will be used judiciously and that they will deliver on the mandate given to them.

The duo said his singular action would also strengthen the administrative capacity and competence of the 57 LGA party secretariat.

Records have it that Mr. Ajose, a notable philanthropist, contributed to the victory of the 15 APC chairmanship candidates from Badagry division as he gave them N10 million each. He also empowered 250 female traders in Badagry with N200, 000 each for growing their businesses, and he also donated another 18 million naira to support the capital base of the 57 LGA corporative society yesterday.

 

INEC began the continuous voters registration exercise on Friday, August 15.

LASAA Reaffirms Commitment to Fairness, Safety, Industry Growth

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Prince Fatiu Akiolu

MD, LASAA

Lagos State Signage and Advertisement Agency (LASAA) has responded to recent apprehensions suggesting a resurgence of heavy-handed regulation and arbitrary enforcement in the State’s outdoor advertising sector. While acknowledging the concerns, LASAA sought to reaffirm its commitment to regulatory fairness, industry professionalism and the sustainable growth of outdoor advertising in Lagos.

Refuting claims that LASAA intends to “wield the big stick,” the Agency drew attention to its longstanding practice of fostering dialogue and partnership with industry stakeholders.

Prince Fatiu Akiolu, Managing Director of the Agency stated, “The era of mutual suspicion is firmly behind us,” adding that the Agency “regularly convenes stakeholder fora, maintains cordial relationships with industry players, offers concessions such as discounts on vacant billboard charges and seeks stakeholders input before making major policy decisions.”

Prince Akiolu clarified that LASAA does not compete with private operators commercially. Instead, it manages a limited number of state-approved advertising structures primarily reserved to amplify government programmes, public awareness initiatives and regulatory oversight. These, with the Agency’s core mandate focusing on orderliness, public safety, and environmental aesthetics.

He said these efforts aim to serve the broader interests of Lagos residents and reiterated that the Agency’s core mandate remains the enforcement of orderliness, public safety and environmental aesthetics within the state.

On licensing, the Managing Director explained that stringent criteria ensure only qualified practitioners operate in the market. Addressing concerns about billboard oversupply, particularly around military and police formations where illegal structures are common, he noted that LASAA has imposed a moratorium on new registrations and permits since early 2025. “This moratorium intends to uphold industry integrity and elevate professional standards.”

Prince Fatiu explained that, “the Agency’s Health and Safety team actively verifies that outdoor installations meet engineering and safety benchmarks to mitigate risks to life and property.”

He noted that LASAA’s regulatory approach is primarily preventive rather than punitive and relies on monitoring, early warnings and corrective interventions, with enforcement used only when absolutely necessary.

Acknowledging ongoing challenges such as violations of spacing, setback and structural regulations, the MD attributed these mainly to lapses in operator compliance rather than regulatory overreach. He urged stakeholders, including the Outdoor Advertising Association of Nigeria (OAAN) and licensed professionals, to strengthen self-regulation and collaborate in reporting infractions to enhance Lagos’s safety, visual appeal and economic vibrancy.

To prevent a relapse into disorder, LASAA has launched a comprehensive enforcement and cleanup operation targeting unlawful advertising installations to restore urban order and protect public interests. Prince Fatiu stressed the essential role outdoor advertising plays in defining Lagos’s visual identity and called for responsible industry stewardship.

He reiterated LASAA’s commitment to maintaining a balanced regulatory framework that ensures oversight while supporting industry sustainability. This approach aims to create a transparent environment that safeguards investments and enhances the city’s aesthetics.

The Managing Director reassured the public and outdoor advertising professionals that LASAA’s mandate is not to stifle growth or punish legitimate operators but to ensure a fair, regulated and sustainable outdoor advertising sector in Lagos. He reaffirmed his dedication to nurturing an environment that protects investments, safeguards the public and enhances the beauty of Lagos.

 

Fidelity Bank to Convene Strategic Panel on Export Financing at FNITCC Atlanta 2025

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As part of its ongoing commitment to expanding Nigeria’s footprint in global trade, leading financial institution Fidelity Bank Plc has announced it will host a high-level panel session at the upcoming Fidelity Nigeria International Trade and Creative Connect (FNITCC) in Atlanta, Georgia, USA.

Themed “Financing For Scale – Unlocking Capital For Global Export Competitiveness,” the session will take place on Friday, 19 September 2025, and will feature top executives and thought leaders from across Nigeria’s financial and entrepreneurial landscape including: Mustafa Chike-Obi, Chairman, Board of Directors – Fidelity Bank Plc and a veteran investment banker; Olasunkanmi Owoyemi, Group MD/CEO – Sunbeth Global Concept Nigeria Limited, a leading voice in agribusiness exports; Efe Ukala, Founder – ImpactHer and a champion for women-led enterprises who has empowered thousands of African female entrepreneurs through access to capital and global market linkages; and Abba Bello, Managing Director – Nigeria Export-Import Bank (NEXIM), Nigeria’s foremost export credit agency, providing critical financing and risk mitigation tools for exporters.

“Unlocking the right kind of funding is like planting seeds for growth—without access to finance, even the most outstanding businesses and creative brands will struggle to scale, compete, and sustain themselves in global markets,” said Isaiah Ndukwe, Divisional Head, Agric. and Exports, Fidelity Bank Plc, in a media chat.

FNITCC serves as a bridge to close this gap. The inaugural edition in London in 2022 hosted over 100 Nigerian exhibitors and 90+ speakers, attracting more than 1,000 daily visitors and culminating in deals worth approximately US$200 million. The 2023 edition in Houston raised the bar with over 160 participating businesses and closed deals including a US$40 million pre-export finance agreement for cocoa, in partnership with AFREXIM Bank and local exporter JohnVents Industries.

The panel will address the urgent need for accessible and scalable financing solutions to boost Nigeria’s global trade competitiveness; and will explore topics such as: Financing models for SMEs and exporters,   Role of DFIs and commercial banks, De-risking strategies for export ventures; and Diaspora investment opportunities.

“These events underscore that targeted market access, paired with financing support, can launch Nigerian brands onto the global stage—delivering jobs, income, and international recognition,” Ndukwe added.

Hosted in partnership with AFRICON—the premier gathering for global African cha/ngemakers, tastemakers, and innovators—FNITCC Atlanta will take place from 18 to 20 September 2025 at the Omni Atlanta Hotel, Centennial Park, Georgia, USA. The event is projected to attract over 3,000 participants and facilitate more than US$400 million in trade, investment, and partnership deals.

Interested businesses and participants are encouraged to register for the conference at www.fidelitybank.ng/fnitcc.

Fidelity Bank Plc is a full-fledged commercial bank with over 9.1 million customers who are serviced across its 251 business offices and various digital banking channels in Nigeria and the United Kingdom.

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 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.

Polaris Bank, NCF Partner on Tree-Planting Drive to Combat Carbon Emissions in Rivers

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Polaris Bank has partnered with the Nigeria Conservation Foundation (NCF) to launch a tree-planting initiative in Rivers State.

The exercise, held at Bodo City Girls Secondary School in Gokana Local Government Area, is part of efforts to combat carbon emissions and promote sustainable environmental practices.

Speaking at the event, Polaris Bank’s Divisional Head for South-South, Mr. Raphael Abiaziem, represented by Mr. EjikeAroh, Business Development Manager of Garrison Branch, underscored the project’s importance in advancing the Bank’s sustainability agenda.

He said the initiative aligns with the United Nations Decade on Ecosystem Restoration and reinforces the Bank’s commitment to environmental, social, and governance (ESG) priorities.

“This project is not just about planting trees; it is about safeguarding our environment, reducing carbon footprint, and raising awareness on climate action,” Abaziem stated.

“By planting fruit-bearing and economic trees, we are helping communities build resilience, improve food security, and restore degraded ecosystems.”

The Divisional Head emphasized that climate change presents one of the greatest global challenges and requires an urgent and collective response. He noted that financial institutions like Polaris Bank must take leadership in driving initiatives that contribute to a more sustainable future.

The Nigeria Conservation Foundation commended the Bank’s leadership of Polaris Bank and noted that the selected trees would serve multiple benefits, including preventing soil erosion, providing shade, acting as windbreakers, and yielding edible produce for schools and host communities.

NCF Field Officer, Mr. Alex Jorbedom, highlighted the significance of planting fruit-bearing trees, noting that they will provide shade, serve as windbreakers, and produce edible fruits for both students and the host community.

“We are targeting 500 trees in this school, including avocado and native pear. Each tree has been planted with protective mesh, and we will return to create further awareness so the students appreciate their value and care for them properly,” Jorbedom said.

Polaris Bank’s broader sustainability roadmap, integrates climate action and community development into its long-term growth strategy. Through collaborations such as this, the Bank continues to strengthen its role as a catalyst for positive environmental and social impact.

Stanbic IBTC Bank Unveils Return of Exclusive Save and Enjoy Promo Season 2

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Stanbic IBTC Bank is once again raising the bar for rewarding customer loyalty with the much-anticipated return of its Save and Enjoy Promo, Season 2, specially designed for its Private Banking clients.

This refreshed campaign builds on the established success of its maiden edition where high-net-worth individuals were rewarded with exclusive benefits such as open business class tickets to a word-class destination, priority passes, and other consolation prizes.

The Save and Enjoy Promo underscores Stanbic IBTC Bank’s commitment to celebrating trust and loyalty while encouraging a culture of saving and financial discipline among its esteemed Private Banking clientele. Season 2 promises to be bigger, more rewarding and memorable.

Customers stand a chance to win luxury business class tickets to the United States of America, United Kingdom or Canada; airport priority passes valid for one year; luxury vintage travel boxes and more exciting consolation prizes.

Layo Ilori-Olaogun, Head, Private Banking, Stanbic IBTC Bank, expressed her enthusiasm ahead of the launch. In her statement, she re-emphasised the importance of building strong connections with the bank’s Private Banking clients.

According to Layo, ‘Our Private Banking clients deserve experiences that match their ambitions. Our Save and Enjoy Promo Season 2 is a celebration of success, luxury and lifestyle and we are thrilled to create a more rewarding journey for our clients this season’.

By participating in the campaign, clients can experience firsthand the personalised services and financial solutions tailored specifically for their needs. The focus is on delivering exceptional value and ensuring that each client’s banking experience aligns with their unique financial goals and aspirations.

To qualify, clients are invited to make a minimum deposit of N10million in their current accounts and maintain the balance for the promotional period – between 01 September and 30 November 2025.

Stanbic IBTC Bank is a leading financial institution dedicated to providing exceptional banking services to individuals and businesses. With a strong heritage of excellence, innovation and customer focus, the bank continues to deliver unique financial solutions that empower clients to achieve more.

 

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

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The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has emphasised the importance of accountability and transparency as critical tools for strengthening investor confidence in Nigeria’s capital market.

Agama stated this while delivering a goodwill message at a stakeholder engagement on internal control over financial reporting in the public sector.

The event, themed “Strengthening Accounting and Transparency through ICRC,” was organized by Smith Ighodalo Adewale Odiachi, SIAO under the Internal Control over Financial Reporting (ICFR), in collaboration with the Financial Reporting Council (FRC) in Abuja.

According to the SEC DG, proper internal control mechanisms over financial reporting are essential for market integrity and investor trust.

“Internal control over our financial reporting is a critical part of disclosures. Whether in the securities market, for public companies, or other organisations, these controls strengthen accountability, transparency, and integrity within the financial system,” Agama stated.

The SEC DG added that investor confidence is closely tied to how transparent and accountable financial institutions and market operators are.

“For investors, what matters is knowing that there is accountability, that people are doing what they ought to do, and stewardship is being upheld,” he said. “When investors see that management is committed to these principles, they are more likely to invest,” Agama said.

Agama, also spoke on the recent passage of the Investment and Securities Act (ISA) 2025, signed into law by President Bola Ahmed Tinubu on March 25, describing it as a milestone in capital market reform.

“The ISA 2025 has introduced key reforms aimed at fostering a more transparent and efficient market,” he noted. “We are already seeing improved investor sentiment and increased confidence in the system.”

He stressed that SEC, under his leadership, is committed to professionalism and adherence to the law, and that these values are driving improvements in the market.

Celebrating 24 Years of Telecom Transformation in Nigeria

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By Elvis Eromosele

Twenty-four years ago, Nigeria took a giant leap into the digital age. The year was 2001, and the arrival of digital mobile telephony rewrote the nation’s economic, social, and even cultural script. What a ride it has been.

From the moment those first SIM cards hit the market, a quiet revolution began. No, not in the dusty corridors of power or the high towers of industry, but in the hands of ordinary Nigerians. The change was instant and irreversible. Suddenly, you could call anyone, anywhere, anytime. Businesses found new ways to connect, families stayed in touch across continents, and young people discovered the magic of “flashing.”

The magic started when then-President Olusegun Obasanjo’s administration sanctioned the liberalisation of Nigeria’s telecoms sector and approved the licensing of digital mobile operators. It was a bold, forward-looking policy decision that opened the door to private investment, broke the state monopoly, and set the stage for a competitive market. The Nigerian Communications Commission (NCC) conducted the 2001 landmark GSM auction that ushered in the mobile revolution that transformed the nation’s economic and social landscape.

But the real story of these 24 years goes far beyond the joy of mobile calls and texts. It’s about jobs, commerce, and capacity building on a scale on a humongous scale.

Let’s start with employment. Digital mobile telephony has created hundreds of thousands of direct jobs, from engineers and marketers to customer service agents and retail sales staff. These are the visible ones. I was privileged to spend almost nine exciting years at MTN Nigeria. Then there are the millions of indirect jobs: tower riggers, recharge card sellers, mobile money agents, SIM registration officers, and, yes, even those who rent out umbrellas to street-side phone vendors.

Every city, every town, every village has felt this ripple effect. For many young Nigerians, that first job in a telco store or as a recharge card hawker was the gateway to bigger opportunities. It wasn’t just about earning money; it was about learning discipline, customer service, and the hustle mindset that fuels our economy.

The impact on the economy? Massive. Think of a sector, any sector, and I’ll show you how mobile telephony supercharged it. Agriculture? Farmers now contact buyers directly, eliminating the need for middlemen. Banking? Mobile banking, USSD codes and fintechs with services like Moniepoint, OPay and PalmPay have turned phones into banks, driving financial inclusion for millions. Education? Students download resources and attend virtual classes. Entertainment? Nollywood and Afrobeats exploded onto the global stage, riding on the back of mobile internet.

It’s no exaggeration to say that digital mobile telephony became the invisible infrastructure powering Nigeria’s growth.

Besides, mobiles supercharged SMEs, which make up over 90 per cent of Nigerian businesses. Research shows that businesses using mobile internet see productivity jumps of at least 10 per cent, growing twice as fast and exporting more. Today, across Nigeria, millions of people are earning a living from phone-related hustles. From POS agents handling cashless transactions to content creators on TikTok, mobile is the ultimate job creator.

Perhaps one of the most underappreciated aspects of this revolution is the massive skill transfer it triggered. In 2001, Nigeria had limited local expertise in telecoms engineering, network maintenance, or digital customer care. Today, the country boasts a growing army of telecoms professionals, many of whom now export their skills to other African countries and beyond.

Capacity building wasn’t limited to engineers. Entrepreneurs learned to run distribution networks. Marketers learned to sell intangibles. Young people learned to code, build apps, and create mobile-first businesses. And it’s still ongoing, the sector keeps up-skilling people to keep pace with evolving technology.

Now, there is a segment that appears to operate below the radar. It doesn’t get enough attention. I’m talking of the parts and accessories market. This is the huge informal sector that thrives in every corner of Nigeria. From chargers, earphones, and phone cases to replacement screens and batteries, the trade is endless.

The scale is mind-boggling. Think of Computer Village in Lagos, GSM Village in Abuja, and smaller clusters across every state. These markets employ tens of thousands directly, and their supply chains support countless others, including importers, wholesalers, artisans who fix phones, and street vendors. It’s an economy within an economy, and its contribution is incalculable.

As we mark 24 years, it’s worth noting that the journey is far from over. The conversation has shifted from basic connectivity to high-speed internet, 5G rollouts, Internet of Things (IoT), and artificial intelligence. The opportunities are bigger, the stakes higher, and the potential limitless.

But let’s not forget, this all began with the simple power to make a call. That one breakthrough unleashed a chain of economic, social, and personal transformations that continue to shape Nigeria today. At this point, both MTN Nigeria and Airtel Nigeria deserve commendation for their outstanding performance during this period.

So- here’s to 24 years of digital mobile telephony in Nigeria, the ride that changed everything, and still promises more.

 

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

 

NIIRA Act: Continental Re ED Technical, Akwiwu, Emphasises Strong Governance in Insurance Firms

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L-R: Chairman, Retreat Planning Committee, Oluwamuyiwa Aderibigbe and Executive Director (Technical), Continental Reinsurance Plc, Chukwuemeka Akwiwu at the annual retreat of the Risk, Audit, and Compliance Committee (RACC), a committee under NIA, held recently in Abeokuta, Ogun State.

The Executive Director (Technical), Continental Reinsurance Plc, Chukwuemeka Akwiwu, has urged insurance companies to embed strong governance practices as a core strategy for managing the fresh capital they are required to raise under the NIIRA Act 2025.

He made this call at the annual retreat of the Risk, Audit, and Compliance Committee (RACC), a technical committee under the Nigerian Insurers Association (NIA), held in Abeokuta, Ogun State recently.

Speaking on the theme of the retreat, “Insurance Industry Recapitalisation: Strengthening Governance Activities for Maximum Benefits”, Akwiwu emphasized that while new capital provides much-needed strength to insurers’ balance sheets, it is governance that ensures capital is deployed wisely, risk is underwritten responsibly, and companies are positioned for sustainable growth.

“With recapitalisation, we now have the capacity to underwrite more and take on larger risks,” he said. “But that comes with the responsibility to ensure we are taking on the right risks, with proper exposure limits and necessary protections in place. Governance and control must guide this process.”

He highlighted that capital, while necessary, is never permanent unless it is well managed.

“Capital is fleeting, it comes and goes. But it is always willing to stay where strong governance structures are in place,” Akwiwu noted. “Governance is the multiplier of capital. It doesn’t just preserve capital; it enhances its impact.”

Akwiwu welcomed the increased capital requirements which are N10bn for life, N15bn for non-life, N25bn for composite, and N35bn for reinsurance firms, but pointed out that capital alone will not transform the industry. He called for company boards and leadership to go beyond compliance and embed a culture of risk management and strategic oversight at every level of operation.

“This is not business as usual. Every individual in the value chain must take ownership of the process and ensure that decisions are not made first and then justified later. Compliance must come first, not as a reaction, but as a guiding principle,” he emphasized.

He also urged insurers to revisit the composition of their boards, perform skills gap analyses, and ensure that board members are chosen based on merit and value addition, not personal relationships.

“Gone are the days of sitting on boards because your friend owns the company. You must bring value, expertise, and accountability,” he said.

Akwiwu expressed optimism about the future of Nigeria’s insurance industry and its role in contributing to the country’s $1 trillion economy. “Stronger capital, aligned with stronger governance, will not only stabilize our companies but increase public trust in our products and services, creating a cycle of growth and deeper penetration.”

He encouraged continuous engagement with NAICOM, the industry regulator, noting that collaboration and transparency will be key to ensuring the success of the ongoing recapitalisation process.