The President of the Guild of Corporate Online Publishers (GOCOP), Ms. Maureen Chigbo, has stated that the organisation’s primary objective is to sanitise the online media space and establish standards for the industry. Speaking at the launch of GOCOP’s maiden publication, “Nigeria Media Renaissance: GOCOP Perspectives on Online Publishing,” and a fundraising event for the GOCOP Media Centre in Abuja.
Chigbo emphasised the need for collaboration with stakeholders to achieve this goal.
As a group of professional journalists with over two decades of experience in mainstream media, GOCOP is committed to promoting ethical online publishing practices.
Chigbo noted that the organisation’s members are dedicated to upholding the principles of truth, fairness, and balanced reporting, and have introduced a self-regulatory mechanism to ensure compliance.
To maintain high standards, GOCOP has established several committees, including a Disciplinary Committee/Ombudsman to address public complaints and ensure accountability.
Chigbo stressed that the organisation takes its self-regulation responsibility seriously and is committed to weeding out unprofessional conduct.
The GOCOP President acknowledged the contributions of members, contributors and supporters, including Mr. Dapo Olorunyomi, Publisher of PREMIUM TIMES, who wrote the foreword to the book as well as the reviewer and President, Nigerian Institute of Public Relations (NIPR), Dr. Ike Neliaku.
She also expressed gratitude to the Federal Government, state governments, institutions, and corporate organisations for their support.
Chigbo appealed for generous donations to strengthen GOCOP and build the Guild’s Media Centre, which will empower members to run their businesses profitably.
She also urged public relations practitioners, advertisers, governments, and civil society organizations to support GOCOP businesses, emphasising the critical role that online media plays in building a society where justice, peace, and individual rights are respected.
By promoting ethical online publishing practices and collaborating with stakeholders, GOCOP aims to establish itself as a leading voice in the online media industry and contribute to the growth and development of the sector.
Book Presentation: GOCOP Seeks to Sanitise Online Journalism, Set Standards
Chain Reactions Africa Clinches Top Honours as Nigeria’s Most Celebrated PR Firm at SABRE Awards
L-R: Israel Opayemi, MD/Chief Strategist, Chain Reactions Africa; Arik Karani, President, African Public Relations Association (APRA); Group Corporate Communications and Events Manager, Dufil Prima Foods, Temitope Ashiwaju, and Esther Cobbah, President, International Public Relations Association (IPRA) during the SABRE Africa awards held in Mombasa, Kenya on Thursday June 12, where Chain Reactions received 4 Awards for its work in delivering measurable and impactful communications for its clients.
In a dazzling repeat performance on the continental stage, Chain Reactions Africa once again proved its mettle, emerging as Nigeria’s most awarded Public Relations consultancy at the 2025 SABRE Africa Awards held in Mombasa, Kenya.
The firm scooped four coveted trophies from a fiercely competitive pool of over 500 entries, solidifying its position as a creative force and strategic powerhouse in the African communications landscape. At the heart of Chain Reactions’ triumph was its Diamond SABRE win for Company of the Year (Dufil Prima Foods/Indomie) — a resounding nod to its impactful storytelling through the Indomie Heroes Awards, a CSR campaign that honours young Nigerian heroes and reaffirms the brand’s deep social conscience.
Also, among the winning campaigns was #OdourPandemic for NIVEA, the globally renowned skincare brand produced by Beiersdorf, which picked up two trophies – Superior Achievement in Research and Planning and Best in the Healthcare Categories. This campaign seamlessly fused an insight-led strategy with hygiene education, leading to the development of the 25ml SABI roll-on and engaging over 195,000 students across Lagos, Port Harcourt, and Abuja. By turning students into Cause Champions, the initiative delivered real societal impact — with educators reporting marked improvements in hygiene practices.
In the Public Sector/Government category, Chain Reactions was awarded for its campaign for the Federal Ministry of Art, Culture, and Creative Economy (FMACCE) titled “Striking Gold”, a strategic initiative to amplify the ministry’s milestones, build visibility, and shape public perception.
“These wins reflect the power of ideas that move people and the impact of purpose-driven storytelling. We’re incredibly proud to lead the charge for Nigerian PR on the global stage,” said Israel Opayemi, Managing Director and Chief Strategist at Chain Reactions Africa.
The SABRE Awards (Superior Achievement in Branding, Reputation & Engagement) are the gold standard of excellence in PR, recognising campaigns that deliver strategy, creativity, and measurable impact.
Chain Reactions Africa made history in 2024 by sweeping seven SABRE trophies, the most ever won by a Nigerian firm in a single year — and their 2025 performance confirms they are not just a top contender, but a consistent trailblazer for the industry.
CBN Affirms Strength of Banking Sector, Issues Routine Transitional Guidance for Select Institutions
As part of its ongoing efforts to strengthen the banking system, the Central Bank of Nigeria (CBN) introduced time-bound measures for a small number of banks still completing their transition from the temporary regulatory support provided, mostly in response to the economic impact of the COVID-19 pandemic.
This step is part of the CBN’s broader, sequenced strategy to implement the recapitalisation programme announced in 2023. The programme, designed to align with Nigeria’s long-term growth ambitions, has already led to significant capital inflows and balance sheet strengthening across the sector.
Most banks have either completed or are on track to meet the new capital requirements well before the final implementation deadline of March 31, 2026. The measures announced apply only to a limited number of banks. These include temporary restrictions on capital distributions, such as dividends and bonuses, to support retention of internally generated funds and bolster capital adequacy. All affected banks have been formally notified and remain under close supervisory engagement. To support a smooth transition, the CBN has allowed limited, time-bound flexibility within the capital framework, consistent with international regulatory norms. Nigeria generally maintains Risk-Based Capital requirements that are significantly more stringent than the global Basel III minimums.
These adjustments reflect a well-established supervisory process consistent with global norms. Regulators in the U.S., Europe, and other major markets have implemented similar transitional measures as part of post-crisis reform efforts. The CBN remains fully committed to continuous engagement with stakeholders throughout this period via the Bankers’ Committee, the Body of Bank CEOs, and other industry forums.
The goal is to ensure a transparent, predictable, and collaborative regulatory environment. Nigeria’s banking sector remains fundamentally strong. These measures are neither unusual nor cause for concern; they are a continuation of the orderly and deliberate implementation of reforms already underway.
The CBN will continue to take all necessary actions to safeguard the sector’s stability and ensure a robust, resilient financial ecosystem that supports sustainable economic growth.
PenCom to Newspaper Owners: Clear N720m Pension Debt
From Left: The Director General of the National Pension Commission, Ms. Omolola Oloworaran and the President, Newspaper Proprietors’ Association of Nigeria (NPAN), Mr. Kabiru Yusuf during a recent visit to the President of NPAN.
The Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has raised alarm over widespread non-compliance with the Pension Reform Act (PRA) 2014 by media organisations in Nigeria, revealing that newspaper owners owe journalists over N720 million unpaid pension contributions.
Speaking during a courtesy visit to the President of the Newspaper Proprietors’ Association of Nigeria (NPAN), Mr. Kabiru Yusuf, in Abuja on Monday, Ms. Oloworaran described the findings as “very troubling” and called for urgent collaboration between PenCom and newspaper proprietors to enforce compliance across the sector.
PenCom acknowledged the deep value of the role of the media in shaping public discourse, and said it is disheartening that many organisations within the media are failing to meet a fundamental obligation to their employees.
The Director General said PRA 2014 mandates all employers to remit pension contributions for their employees monthly, within seven days of salary payment. However, she said PenCom’s investigations show that many newspaper houses have ignored this obligation, with arrears totalling over N720 milliiaon.
Ms. Oloworaran told NPAN that PenCom is not seeking to penalise erring organisations at this stage but prefers a collaborative approach to achieving sector-wide compliance. She added that PenCom has been engaging employers across industries and recently held discussions with the Nigerian Press Council (NPC) to drive awareness and compliance in newspaper organisations.
While noting the overall poor compliance within the industry, the DG singled out Daily Trust for commendation, describing the paper as a “leading example” for consistently meeting its pension obligations since 2015.
Responding, NPAN President, Kabiru Yusuf, acknowledged the pension compliance issues in newspaper organisations in Nigeria but urged PenCom to understand the dire financial situation of the media industry.
NPAN President said the reality is that many newspapers in Nigeria are struggling to even pay staff salaries, let alone pension contributions, adding that only a few are managing to stay afloat, and even among them, there is often reluctance to part with money for statutory payments like tax and pensions.
He welcomed PenCom’s engagement efforts and proposed a broader industry dialogue through the Nigerian Press Organisation (NPO), a coalition that includes NPAN, the Nigerian Guild of Editors (NGE), and the Nigeria Union of Journalists (NUJ).
Yusuf suggested that PenCom participate in an expanded meeting of stakeholders in Lagos this year, where the challenges of compliance and potential solutions can be jointly addressed.
Oloworaran agreed to the proposal, expressing hope that such a forum would serve as a meaningful step toward sustainable pension reform compliance in the media.
“We are not focused on being punitive because the law allows us to sanction. That is not what we are looking at. I believe we can work together to get all these media houses to make the necessary contributions towards the financial security of their workers,” the DG said.
The meeting marked a renewed effort by PenCom to hold employers in the media sector accountable and compliant with the PRA 2014.
Execution of Oloibiri Museum Project to Commence as Promoters Hand over Site to Julius Berger
Officials of the Nigerian Content Development and Monitoring Board (NCDMB) and Julius Berger Plc at the site of Oloibiri Museum and Research Centre (OMPRC).
Construction work at the long-awaited Oloibiri Museum and Research Centre (OMPRC), Otuabagi, in Ogbia Local Government Area of Bayelsa State is set to begin as the project promoters on Tuesday handed over the project site to Messers Julius Berger Plc, a renowned construction company, at a well-attended ceremony at the Otuabagi community town hall.
The event marked the completion of formalities and alignment of all key stakeholders, thus ensuring that the project would proceed without hitches at the exact location where oil production began in Nigeria in 1957.
Elated at the development, the project lead and Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, said the multibillion-naira project, which consists of a world-class Oil and Gas Museum Centre and a Research Testing Centre, was in fulfilment of the expressed desire of the project promoters to place Otuabagi community, the location of Oloibiri Oil Well 1, on the world map.
He noted that the tradition worldwide has been to immortalize the beginnings of the oil and gas industry by citing projects of significant socio-economic worth in communities where exploitation and production of petroleum began, and that the project promoters, namely, Petroleum Technology Development Fund (PTDF), Nigerian Content Development and Monitoring Board (NCDMB), Shell Petroleum Development Company (now Renaissance Africa Energy Limited), and Bayelsa State Government, believe that the case of Nigeria did not have to be different.
Citing Pennsylvania, United States, reputed to be the birthplace of America’s oil industry, and a number of other cities across the world, he said, “you see museums, research centres, tourist attractions,” among other things, as distinctive features that give deserved prominence and material benefits to such communities.
The NCDMB boss was represented by the Board’s Director of Corporate Services, Alhaji Abdulmalik Halilu, and he told the community that “history is in the making” as Julius Berger moves to the 55.05-hectare project site to commence construction, assuring them that a project management team has been constituted to ensure that timelines and other expectations were strictly adhered to by the construction giant.
He disclosed that a governance structure has already been drawn up for the Museum Centre for purposes of efficient and effective management, and that the community would be given a sense of belonging at all times. He charged youths of the community to prepare to take advantage of training programmes to be provided in diverse skill sets to be able to secure employment in the facility.
The Executive Secretary commended the Otuabagi community, particularly its Stakeholder Committee led by Vice Chancellor of Federal University, Otuoke, Professor Teddy Adias, for the remarkable maturity and comportment exhibited during earlier disputes relating to the project location.
In his remarks, the Chief of Staff, Government House, Bayelsa State, Hon. Peter Akpe, who represented the Bayelsa State Government, said the handover ceremony signaled the transition from drawing board to action and that a project that had been so long in the pipeline is finally coming to fruition.
He commended the NCDMB, and other promoters as well as the community’s Stakeholder Committee for their commitment thus far.
A representative of Julius Berger, Mr. Rimon Marisho, Deputy Regional Manager, South and East, expressed appreciation to NCDMB, Bayelsa State Government and the Otuabagi community for all they have done to bring the plans for the project to execution phase. He described the handover ceremony as “a perfect beginning,” while assuring all, “we are here for development.”
Goodwill messages were given by the President of the Ijaw National Congress (INC), Professor Benjamin Okaba, and the President of the Ijaw Youth Council (IYC), Sir Jonathan Lokpobiri, who pledged maximum support for the project and also assured of a safe environment for the construction work.
Earlier in a welcome address, the Chairman of the community’s Stakeholder Committee, Professor Adias, expressed appreciation to the NCDMB, PTDF, Shell and Bayelsa State Government for their efforts in actualising the project, which has been on the drawing since 1981, during the administration of the then President Shehu Shagari.
He said the handover of the project site to Julius Berger was a momentous event in the history of the Otuabagi community, which has long yearned for due recognition and development projects as the birthplace of Nigeria’s oil and gas industry.
Among the project promoters, namely, PTDF, NCDMB, Shell (now Renaissance Africa) and Bayelsa State Government, is a contribution ratio of 40:30:20:10, respectively.
Key features of the project concept include an imposing Oil and Gas Museum, within which is a display of geological formations, platforms, early equipment and tools marking successive stages in the evolution of oil and gas operations in Nigeria, an interactive screen for digital engagement with professionals, students, tourists and historians across the globe in search of knowledge.
The Research Testing Centre, which is the second arm of the complex, will have an open field around one of the abandoned wells, where field trials of prototypes of oil- and gas-related indigenous research will be conducted, in fulfilment of the requirement for product acceptance in industrial application. It will also provide access to university students in oil- and gas-related disciplines to potentially appreciate an active oilfield.
Other NCDMB personnel at the event were the General Manager, Human Capaital Development, Mr. Esueme Dan Kikile, General Manager, Midstream Monitoring, Mr. Silas Ajimijaye and General Manager, Facility and Logistics Division, Mr. Suleman Ozhimede.
The Bayelsa State Government team also included Commissioner for Lands, Mr. Perepuighe Biewari, Technical Adviser to the State Governor on Treasury, Revenue and Accounts, Mr. Timipre Seipulo and Director General, Bayelsa Investment Promotion Agency (BIPA), Ms. Patience Abah.
Chain Reactions Africa Clinches Top Honours as Nigeria’s Most Celebrated PR Firm at SABRE Awards
L-R: Israel Opayemi, MD/Chief Strategist, Chain Reactions Africa; Arik Karani, President, African Public Relations Association (APRA); Group Corporate Communications and Events Manager, Dufil Prima Foods, Temitope Ashiwaju, and Esther Cobbah, President, International Public Relations Association (IPRA) during the SABRE Africa awards held in Mombasa, Kenya on Thursday June 12, where Chain Reactions received 4 Awards for its work in delivering measurable and impactful communications for its clients.
In a dazzling repeat performance on the continental stage, Chain Reactions Africa once again proved its mettle, emerging as Nigeria’s most awarded Public Relations consultancy at the 2025 SABRE Africa Awards held in Mombasa, Kenya.
The firm scooped four coveted trophies from a fiercely competitive pool of over 500 entries, solidifying its position as a creative force and strategic powerhouse in the African communications landscape. At the heart of Chain Reactions’ triumph was its Diamond SABRE win for Company of the Year (Dufil Prima Foods/Indomie) — a resounding nod to its impactful storytelling through the Indomie Heroes Awards, a CSR campaign that honours young Nigerian heroes and reaffirms the brand’s deep social conscience.
Also, among the winning campaigns was #OdourPandemic for NIVEA, the globally renowned skincare brand produced by Beiersdorf, which picked up two trophies – Superior Achievement in Research and Planning and Best in the Healthcare Categories. This campaign seamlessly fused an insight-led strategy with hygiene education, leading to the development of the 25ml SABI roll-on and engaging over 195,000 students across Lagos, Port Harcourt, and Abuja. By turning students into Cause Champions, the initiative delivered real societal impact — with educators reporting marked improvements in hygiene practices.
In the Public Sector/Government category, Chain Reactions was awarded for its campaign for the Federal Ministry of Art, Culture, and Creative Economy (FMACCE) titled “Striking Gold”, a strategic initiative to amplify the ministry’s milestones, build visibility, and shape public perception.
“These wins reflect the power of ideas that move people and the impact of purpose-driven storytelling. We’re incredibly proud to lead the charge for Nigerian PR on the global stage,” said Israel Opayemi, Managing Director and Chief Strategist at Chain Reactions Africa.
The SABRE Awards (Superior Achievement in Branding, Reputation & Engagement) are the gold standard of excellence in PR, recognising campaigns that deliver strategy, creativity, and measurable impact.
Chain Reactions Africa made history in 2024 by sweeping seven SABRE trophies, the most ever won by a Nigerian firm in a single year — and their 2025 performance confirms they are not just a top contender, but a consistent trailblazer for the industry.
Excitement as Malta Guinness Wraps Up Three-Day Eid Celebration in Kano
L-R: Area Sales Manager, Guinness Nigeria, Danjuma Bigun; Brand Intern, Malta Guinness Nigeria, Oluwapelumi Oba; Brand Manager, Malta Guinness Nigeria, Ndupana Koji; Actor and Brand Ambassador, Malta Guinness Nigeria, Ali Nuhu, and Head of Division, North, Guinness Nigeria PLC, Daniel Akor, at the Malta Guinness Eid Festival in Ado Bayero Mall, Kano State recently.
It was an Eid celebration like no other for residents of Kano, as Malta Guinness thrilled them with an exciting three-day Eid Fiesta held from Saturday, June 7, to Monday, June 9, 2025, at the Ado Bayero Mall. The gathering brought together local families and individuals for fun and exciting moments focused on connection and positive engagement.
The occasion served as a platform for Malta Guinness to interact with its consumers, fostering a sense of kinship during this celebratory period. Throughout the event, guests participated in various interactive challenges and games, winning items such as packs of Malta Guinness drinks, branded shirts, umbrellas, flasks, and stationery, with the grand prize being a ram.
Notable personalities, including entertainer Ali Nurudeen, Chef Ma, and actor Ali Nuhu, graced the event, adding to the vibrancy and excitement. Their colourful presence offered guests memorable opportunities for interaction and photo moments. Exclusive cocktails crafted with Malta Guinness were also served to the delight of all and sundry.
Speaking during the festivities, Ndupani Koji, Brand Manager for Malta Guinness, expressed satisfaction with the considerable participation. “The sheer volume of individuals who have joined us and their enthusiasm for the activities is truly inspiring. It underscores our commitment to connecting with our community in meaningful ways,” she said.
To qualify for the grand reward, consumers simply purchased a can of Malta Guinness, receiving tickets for a draw. The raffle determined the winners of various items.
The event was graced by key representatives from the brand, including Josiah Monday, Territorial Activation Lead; Mr. Okee Joseph, Regional Sales Manager; Alex Lucas, Regional Marketing Manager; Daniel Akor, Head of Northern Operations; Danjuma Bigun, Regional Sales Manager; Abraham Elukpo, National BTL Activations Lead, and various members of the senior management team.
The grand moment saw Abiodun Johnson claim the ultimate prize, a ram, leaving him brimming with excitement. “My best memory of Sallah as a child was family gatherings, but Malta Guinness has truly made this day my new favorite memory of Sallah! I’m very happy and I want to thank Malta Guinness for this opportunity,” he said.”
The three-day fiesta demonstrated Malta Guinness’s dedication to celebrating key moments with its consumers while emphasizing nourishment and wholesome living.
Leadway, STI, NCRIB, Guinea Insurance, NLNG, Zenith Bank, IEI, Stanbic IBTC Insurance for SUPERNEWS AI Confab’25
Blue-chip companies and reputable organisations from various sectors have signed up support for the hosting of SUPERNEWS Artificial Intelligence Confab’25 holding at Oriental Hotel, Lagos on Thursday June 19, 2025 starting at 10 am.
The organisations include the Nigeria Liquefied Natural Gas (NLNG), Zenith Bank Plc, Leadway Assurance company Limited, Sovereign Trust Insurance Plc, Guinea Insurance Plc, Nigerian Council of Registered Insurance Brokers (NCRIB), International Energy Insurance Plc (IEI), Ugooafunwa Investment Company Ltd, Zonaish Global Resources, Dontex Ventures Nigeria, Big Gate Africa.
Appreciating the organisations, the Convener of the conference, the Publisher of SUPERNEWS Nigeria, Ngozi Onyeakusi equally thanked other organisations and individuals who have supported SUPERNEWS Nigeria over the years.
She commended the Nigeria Liquefied Natural Gas (NLNG) Limited, Leadway Assurance Company Limited and Sovereign Trust Insurance Plc for being consistent in supporting SUPERNEWS Nigeria Annual Conference.
The conference with the theme; Power of AI: Enhancing Efficiency and Customer Satisfaction for Better Financial Services Experience has the Managing Director of Cowry Asset Management Limited, Mr Johnson Chukwu as its keynote speaker and Alhaji (Dr) Umaru Kwairanga as the Chairman.
The Commissioner for Insurance, the National Insurance Commission (NAICOM), Mr Olusegun Ayo Omosehin and the Director-General, National Pension Commission (PenCom), Mrs Omolola Oloworaran will be Special guests of honour at the event.
Guest Speakers for the conference include renowned experts like the Founder/CEO, ZER Consulting Africa, Mrs. Adeolu Adewumi-Zer, the Fmr. Managing Director, Hilal Takaful Insurance Limited, Mrs. Thaibat Adeniran, the National President, Bank Customers Association of Nigeria (BCAN), Dr. Uju Ogubunka and the Head Financial Institutions Ratings, Augusto & Co, Mr Ayokunle Olubunmi.
Onyeakusi explained that this year’s confab focuses on how AI is redefining the financial services sector, accelerating automation, customer engagement, risk management and fraud prevention.
The conference she said is a learning opportunity designed to enhance awareness, deepen understanding of participants on the imperative and use of AI in rendering banking, capital market, pension
and insurance services cheaper, faster and conveniently.
SUPERNEWS choice of the theme was borne out of its quest to contribute its quota in equipping Nigerians with requisite knowledge in embracing tech innovations.
Fidelity Bank ED, Kevin Ugwuoke, Takes Over as President of Risk Managers Association
L-R: Registrar/Chief Executive, Chartered Risk Management Institute of Nigeria (CRMI), Victor Olannye; Divisional Head, Risk Management Securities and Exchange Commission (SEC), Grace Abioye; Immediate Past President, CRMI, Ezekiel Oseni; President, CRMI and Executive Director/Chief Risk Officer, Fidelity Bank Plc, Kevin Ugwuoke; Director, Enterprise Risk Management, Nigeria Deposit Insurance Corporation (NDIC), Amal Haruna; and Rep. Keynote speaker, Deputy Group Management Director, United Bank of Africa (UBA), Chukwuma Nweke; at the CRMI Conferment Handover/Sent-Forth ceremony, held in Lagos recently.
Kevin Ugwuoke, Executive Director and Chief Risk Officer of Fidelity Bank Plc has formally assumed office as President of the Chartered Risk Management Institute of Nigeria (CRMI).
His leadership promises a reform-focused era anchored on policy advocacy, ethical standards, and digital innovation to deepen risk governance across sectors in the country.
Speaking during the presidential handover ceremony in Lagos over the weekend, Ugwuoke — who also doubles as acting President of the Federation of African Risk Management Associations (FARMA) — described his election as “a call to action.”
He pledged to reposition CRMI as a thought leader and institutional partner in shaping the future of risk management in Nigeria’s national development.
“Our mission is more than just certification; it’s about strengthening the culture of risk governance across sectors. We will collaborate with regulators, raise awareness, and provide practical tools to help organizations embed risk discipline at all levels.”
Ugwuoke outlined a five-pronged strategy to guide his administration: strengthening professional education and certification; deepening policy and regulatory engagement; accelerating digital transformation; integrating ESG and climate risk into corporate strategies; and mentoring the next generation of risk practitioners.
He explained that CRMI will align its initiatives with key policy institutions — including the Nigerian Economic Summit Group, the National Assembly, and sub-national governments — to help embed robust risk frameworks into economic development plans.
“We must integrate risk thinking into how we plan, govern, and invest. We will advocate for more inclusive regulations to empower small and medium enterprises, improve macroeconomic stability, and foster institutional resilience.”
Ugwuoke also announced plans to revise the Institute’s curriculum, introduce specialised certifications to reflect emerging risks, and implement a new National Risk Observatory to provide real-time risk data to both the public and private sectors.
“Digital innovation will be central to how CRMI operates going forward. We are automating our backend, delivering more virtual training, and employing technology to scale our impact across the country and beyond.”
In his remarks, the outgoing President of CRMI, Ezekiel Oseni, challenged the new leadership to consolidate on the achievements made under his tenure — from securing chartered status and strengthening partnerships to gaining greater international recognition — and take the Institute to the next level.
Also speaking on the occasion, Chukwuma Nweke, deputy managing director of United Bank for Africa (UBA), delivering a goodwill message on behalf of Group Managing Director, Oliver Alawuba, described Ugwuoke as a worthy successor.
“As Professor Oseni hands over the baton to Kevin Ugwuoke — a well-respected leader in the risk management ecosystem — we are assured CRMI is poised for greater achievements under his watch.”
Nweke stressed that growing economic uncertainties — from inflation and exchange rate volatility to growing debt — underscore the need for a more strategic view of risk. “Risk must be recognised not as a compliance obligation or a cost center but as a key enabler of resiliency and growth. Institutions that embed risk into their strategies will absorb shocks more effectively, unlock value, and inspire investor confidence.”
As part of the day’s ceremonies, 11 distinguished practitioners were conferred with the Fellow of Chartered Risk Manager (FCRMI) award, while 21 new members were formally inducted as Chartered Risk Managers (CRM).
Furthermore, a new Governing Council was inaugurated to oversee the affairs of the Institute for the 2025–2027 term, marking a decisive step forward in institutional renewal and policy direction.
Leadway Assurance Delivers Record ₦173.2bn Insurance Revenue, ₦117bn in Claims Payouts for 2024
Leadway Assurance Company Limited has announced a landmark financial performance for the year ended December 31, 2024, posting a record-breaking ₦173.2 billion in insurance revenue, representing a 51% increase from ₦114.4 billion in 2023.
This exceptional growth not only solidifies Leadway’s market leadership but also significantly supports the Federal Government’s initiatives aimed at growing the Nigerian economy by contributing substantially to the nation’s financial services sector and fostering economic stability.
In a move that aligns with the regulatory intention of deepening insurance penetration across Nigeria, the company also reaffirmed its unwavering commitment to policyholder protection by settling an impressive ₦117 billion in total claims.
This payout maintains Leadway’s eight-year streak as the industry’s highest claims-paying insurer, demonstrating the tangible benefits of insurance and building public trust, which is crucial for expanding the reach of insurance services.
This robust performance cements Leadway’s leadership in the Nigerian insurance industry, underscoring its ability to deliver sustained growth and customer-centric outcomes even in an operating environment challenged by rising inflation, exchange rate volatility, and declining consumer purchasing power.
The revenue growth was primarily driven by strong performance across key lines of business in the company’s insurance portfolio. Claims expenses rose from ₦70.4 billion in 2023 to ₦117 billion in 2024, with the non-life segment accounting for ₦49.5 billion, followed by ₦44.9 billion in annuity payouts and ₦23.2 billion in life business claims.
Commenting on the results, Gboyega Lesi, Managing Director of Leadway Assurance, said: “Our 2024 results reflect our resilience and readiness to adapt in an evolving market. This achievement is a testament to our commitment to innovation, technology-driven service delivery, and the relentless efforts of our exceptional workforce and partners.” He further emphasised the company’s forward-looking agenda, stating: “We are committed to accelerating our digital transformation journey, enhancing risk management frameworks, and deepening strategic partnerships to sustain our market leadership.” General Martin Luther Agwai (Rtd.), Chairperson of the Board, added: “Our 2024 financial performance demonstrates the agility, foresight, and robustness of our business model. It reflects the dedication of our people and the enduring trust of our customers.”
“I am confident that Leadway is strategically positioned to navigate industry shifts and deliver long-term value to all stakeholders. Our ambition remains to be Nigeria’s leading insurance and non-banking financial services provider, guided by integrity, professionalism, and innovation.”
With continued focus on digital innovation, capital strengthening, and clientfocused solutions, Leadway Assurance is well-positioned to seize emerging opportunities and deliver exceptional value across Nigeria and the broader African continent.
Bloom Weekend 2025: Empowering Women to Lead, Innovate, Thrive
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, this June, invites women across Nigeria to experience a celebration like no other, Bloom Weekend 2025, a dynamic, immersive, and transformational event designed to empower women to break barriers, build legacies, and scale new heights. The event is scheduled to take place from Friday, 20 June, to Saturday, 21 June 2025.
Rooted in the spirit of the Stanbic IBTC Blue Blossom Community, Bloom Weekend is more than a gathering, it’s a movement dedicated to accelerating women’s leadership, financial independence, and entrepreneurial success. This year’s theme, “Bloom Into More,” sets the stage for what promises to be a weekend packed with innovative ideas, vibrant networking, and real-world opportunities.
Attendees would immerse themselves in a lineup of high-impact sessions, where Nigeria’s trailblazing female executives, business moguls, and entrepreneurs will share their journeys and lessons learnt. This year’s event will commence with an SME Entrepreneurship Summit anchored by the Enterprise Development Centre of Pan Atlantic University. The training is set to equip participants with practical strategies on how to structure and grow their businesses. Featuring a robust curriculum curated by the Enterprise Data Centre, participants would be awarded Certificates of Participation at the end of the session. For many, this would be the opportunity that would help transform their passions into profitable, sustainable enterprises.
Another highlight of the weekend is the LADIES AT THE TABLE EMPOWERMENT SERIES (LATTES) panel, an engaging live event featuring inspiring women leaders. The keynote address will be delivered by Patience Torlowei, Founder of Torlowei. Confirmed panelists include Eunice Showunmi, Aderinsola Adeyemi, Olayide Odediran, Hawa Magaji, and Oler Oladele, each poised to share their expertise and insights on the theme.
The Bloom Hub will feature a lively marketplace of women-led businesses, offering attendees a chance to discover and support innovative brands. Simultaneously, there would be masterclasses hosted by CEO of Arami Essentials, Ore Lawani and Founder, DictionwithDerin Aderinsola Adeyemi, while Stanbic IBTC’s advisory teams would be available onsite, providing personalised financial consultations to guide attendees on how to achieve their financial dreams.
“Our vision for Bloom Weekend 2025 goes beyond inspiration,” said Olajumoke Bello, Head, Enterprise Business, Stanbic IBTC Bank. “We are committed to action, real mentorship, real funding opportunities and real partnerships. We are building a community where every woman can find the tools, connections, and confidence to achieve more.”
In addition to the main sessions, participants would enjoy vibrant experiential activations and get the opportunity to sign up to the Blue Blossom online community of female business owners. From wellness activities like yoga and massages to games and a vibrant kiddies’ corner, the 2025 Bloom Weekend is guaranteed to be a wholesome 360-degree experience for all who would be in attendance.
The Bloom Weekend is open to all women including established and emerging entrepreneurs, corporate leaders, innovators in tech, young professionals, and all women ready to invest in their future.
NGX Group Chaiman, Umaru Kwairanga, Extols China-Africa Trade Expo 2025
By Umaru Kwairanga
It is an honour and a privilege to be here for the China-Africa Economic and Trade Expo 2025.
What I have seen in the few days that we have been in your lovely country has reinforced my belief that China has realised its potential and now leads the world.
You have the human resources, the financial resources, the infrastructure, and the right strategy to be the economic powerhouse of the 21st century.
However, to sustain that position, you need Africa which has the human and natural resources that position it as another potential future power.
That is why a forum such as this is important. Events like this offer opportunities to learn from your success as a nation. But beyond that, it allows us to discuss areas of mutual cooperation that will hasten Africa’s development and sustain Chinese leadership.
Let me also say that I am very impressed by the calibre of participants at this expo. Given their positions, I have no doubt that the discussions we have over the next few days will lead to tangible agreements and actionable decisions whose practical impact we will see in our companies, communities and countries within a very short time.
I thank the organisers once again for the work they have done and the warm reception given to us since our arrival and wish all of us a fruitful and enjoyable week.
Sterling Bank Floats N2bn Private University Scholarships for Young Nigerians
Nigeria’s most forward-looking financial institution, Sterling Bank, has announced an over ₦2 billion commitment for fully-funded private university scholarships for young Nigerians. Unveiled on Democracy Day, the initiative titled Beyond Education, represents a decisive step towards building the country’s future leaders by dismantling the barriers that keep millions of Nigerians from accessing quality, future-focused learning.
This is one of the largest private sector investments ever made in a single Nigerian tertiary institution. It extends Sterling’s longstanding commitment to the HEART sectors: Health, Education, Agriculture, Renewable Energy, and Transportation.
The bank has deployed over half a trillion naira in financing and development programs across these critical areas.
“Progress is not a spectator sport,” said Abubakar Suleiman, Chief Executive of Sterling Bank. “While others talk about Nigeria’s potential, we are actively investing in it. These scholarships are direct investments in the architects of our future. We are funding the education of future leaders who will build the companies, systems, institutions and solutions Nigeria needs to thrive.”
The Sterling Beyond Education program will fully sponsor 600 students to study high-impact fields such as Technology, Finance, Sales, and Public Health. It is open to young Nigerians from all 36 states and the FCT, with a merit-based and inclusive admissions process.
Candidates can nominate themselves or be nominated by others, and final selection will be determined through a public voting process open exclusively to Sterling account holders.
“This is what inclusive investment looks like,” said Obinna Ukachukwu, Growth Executive leading the Retail & Consumer Banking Directorate at Sterling Bank. “This initiative goes beyond access to education, it’s access to a future. Education remains the most valuable asset anyone can have, and we’re proud to stand behind young Nigerians as they claim it.”
The pilot program is in partnership with Miva University, founded by renowned tech entrepreneur, Sim Shagaya. Fully accredited by the National Universities Commission, Miva is redefining higher education in Africa with scalable, affordable, and flexible programs tailored to the demands of the digital economy.
The program also reflects Sterling’s advocacy for organisations to shift from short-term philanthropy to long-term ecosystem development. With deep investments in digitised healthcare, school financing, agricultural cooperatives, solar energy, and low-cost transport systems, Sterling is building pathways to inclusive prosperity.
“We’re moving beyond charity,” Suleiman said. “This is about building systems that last and it is much bigger than hundreds of scholarships. It’s about the future of those brilliant young minds we build for our country.”
Nominations are now open at www.sterling.ng/FUTURE. As Africa’s youth population continues to grow, initiatives like Beyond Education may point to a new blueprint for private sector leadership, one where impact is measured not just in profit, but in people empowered.
About Sterling Bank
Sterling Bank is a leading Nigerian commercial bank and one of Africa’s most progressive financial institutions, widely recognised for its bold approach to customer advocacy and ethical banking.
From eliminating local transfer fees through its OneBank platform to championing inclusive access to capital, the bank has consistently led with impact. Renowned for its HEART of Sterling strategy, which focuses major investments into the Healthcare, Education, Agriculture, Renewable Energy, and Transportation sectors of the Nigerian economy, Sterling continues to build innovative solutions that go beyond banking to enable dignity, mobility, and opportunity for millions of Nigerians.
Emirates SkyCargo Bolsters Connectivity between Europe, Global Network
Emirates SkyCargo, the cargo arm of the world’s largest international airline, has bolstered freighter connectivity between European destinations and key points on its vast global network.
Building on its geographic advantages, headquartered in the centre of the world, Emirates SkyCargo serves as a vital bridge between East and West, facilitating the flow of trade quickly, efficiently and reliably.
Emirates SkyCargo plans to deploy an additional two weekly charter freighters enhancing the connectivity between Milan and Southeast China, via Dubai, starting Q3 2025. Anticipated commodities from Milan, include fashion and pharmaceuticals, as well as general cargo.
The current weekly freighter connecting Dubai World Central (DWC), Maastricht Aachen Airport (MST) and Zaragoza Airport (ZAZ), will now receive an additional stop in Beirut (BEY) before returning to Dubai, enhancing connectivity to the Levant.
Serving as a feeder gateway to and from Western European markets, Maastricht is one of the region’s busiest cargo hubs, particularly for general cargo and pharmaceuticals, both of which Emirates SkyCargo expects to transport to Beirut in large volumes.
Likewise, Zaragoza Airport boasts excellent road and rail connectivity with Spain’s main economic and industrial, and handles significant volumes of fashion and apparel, which will now move to Beirut more directly.
Badr Abbas, Divisional Senior Vice President, Emirates SkyCargo said, “Harnessing the power and connectivity of Emirates’ global network, a fleet over 260 passenger and freighter aircraft, and a multi-vertical portfolio of specialist logistics solutions, we have the scale and flexibility to keep trade flowing, even in the face of market instability.
“As we receive our new Boeing 777 freighters, we are deploying them quickly and strategically to serve the unwavering demand across our network. Whether by layering on frequencies or adding new route stops, we will continue to evolve our operations, schedule and network in line with global trade patterns, to ensure we provide an unbeatable service to our customers.”
Emirates SkyCargo freighters serve more destinations in Europe than any other region on its vast global network, including two cargo-only destinations, and is complemented by passenger operations to 40 destinations. The high-frequency flight scheduled, comprising 45 freighter flights and 545 passenger flights every week, ensures that goods from Europe move seamlessly and at speed across the globe.
In the last financial year, Emirates SkyCargo uplifted an average of 6,900 tonnes from Europe every week, strengthening international trade lanes with the movement of pharmaceuticals from Denmark and Belgium, perishables such as fresh salmon from Norway and whisky from Glasgow, valuables from Geneva, automotive shipments from Frankfurt and, of course, general cargo from every destination. 43% of the volume was transported to the UAE and Middle East, and a further 32% was carried to the Far East and Australasia, highlighting Emirates SkyCargo’s vital role as a bridge between European manufacturers, traders and exporters with businesses all over the world.
NCC, Stakeholders Tackle Rural Connectivity Challenges
The Nigerian Communications Commission (NCC) has collaborated with the Association for Progressive Communications and other institutional stakeholders towards addressing challenges confronting rural network connectivity in Nigeria.
The collaboration resulted in a two-day workshop hosted in Abuja from June 3-4, 2025, to explore policy framework for enabling community networks towards bridging the digital divide and accelerating socio-economic development in Nigeria’s underserved and unserved communities.
The forum brought together regulators, community leaders, technical experts and potential foreign investors, among others, to examine policy and regulatory barriers, explore innovative funding mechanisms, ensure sustainable renewable solutions and strengthen collaboration with stakeholders.
Addressing participants at the workshop, the Executive Vice Chairman of NCC, Dr. Aminu Maida, said the workshop is important to bridging the digital divide in Nigeria and foster inclusive social economic development.
“This workshop is an opportunity for all of us to harness the expertise, insights, and experiences of diverse stakeholders present here which includes the regulators, community leaders, technical experts and potential foreign providers to address the critical challenges such as affordable devices, access, licensing, spectrum allocation, infrastructure development, sustainability and institutional monitoring,” said Maida, who was represented by the Executive Commissioner, Technical Services, NCC at the event, Abraham Oshadami.
Maida said the workshop demonstrates the Commission’s commitment to advancing digital inclusion, particularly in underserved and unserved areas.
“At NCC, we recognise the transformative potential of community center networks in achieving this important goal,” he said.
The EVC said NCC was committed to “this journey and views this workshop as a catalyst for meaningful change,” stating that the expertise, perspectives and commitments will shape the future where every Nigerian, regardless of his or her status, will have meaningful access to opportunities from digital connectivity.
In her remarks, Co-manager of the Association for Progressive Communications’ Local Network (LocNet) initiative, Kathleen Diga, noted that the collaboration was to tackle identified hindrances to digital inclusion. “This is a space where we can be open and exchange ideas of possibilities, opportunities that will remain in realising values of a diversified ecosystem.”
Diga said: “I believe this workshop presents a moment in time that we can explore the bottom-up approach in local communities, small social enterprises, corporative among others, which have the ability to fill some of the digital gaps that remain unfilled,” she said, adding emphasising the need to recognise that community centre connectivity exists and they are grow throughout the global south, which, she said, are a “strategic response to digital exclusion.”
The workshop featured presentations from the NCC, the Association for Progressive Communications and other institutional stakeholders such as the Rural Electrification Agency (REA) and the Central Bank of Nigeria (CBN) all geared towards exploring a joint policy framework to address rural digital divide.
The Association for Progressive Communications is a 35-year-old international network member-based organisation encouraging digital inclusion in the unserved communities, particularly with communities in the global south and the workshop, through its LocNet initiative aimed at crafting an enabling inclusive regulatory framework for community networks in Nigeria.