Home Blog Page 3

Nigeria’s Digital Boom Needs Nuclear Power Partnerships for Long-Term Success

By
Business Journal
-
0

As Nigeria rides on the tech and Ai boom, a long-term energy strategy is required for any long-lasting impact and sustained success.

Despite being a country rich in natural resources – such as oil, gas and minerals – Nigeria continues to face an energy crisis across the board. Just 61% of the population has access to electricity, while blackouts remain a regular occurrence. This undermines the country’s appeal in high-tech sectors, where reliable power is a must.

A sizable gap between electricity generation and demand, coupled with grid stability issues and reliance on costly backups such as diesel generators, continues to hamper the country’s development across multiple sectors. In short, digital infrastructure – from education platforms to fintech services – is being held back by energy availability.

The Ag. Chairman of the Nigeria Atomic Energy Commission, Engr. Dr. Anthony Ekedegwa has repeatedly emphasized “the critical role of Nuclear Science and Technology in driving Nigeria’s socio-economic development and the urgent need for the country to deliberately position itself as a leading player in Africa’s nuclear energy and technology landscape.”

Russia looks like one of the strongest prospect for a strategic nuclear power partnership

As demand grows, experts warn that existing data centres are operating at a fraction of their capacity, with none currently ready to support the full scale of the AI boom. Nigerian startupsare often forced to rely on computing power hosted abroad, while operators depend on diesel generation to maintain uptime, driving up costs and reducing profit margins for enterprises.

This dependence extends further: around 80% of Nigeria’s data is stored outside the continent, linking energy reliability not only to economic growth, but also to digital sovereignty.

Yet infrastructure alone is not enough to make the jump to the next level. Scaling digital capacity requires a workforce capable of building, operating and maintaining complex systems. This is why Nigeria has begun investing in technical talent development.

In 2023, the Federal Ministry of Communications, Innovation & Digital Economy launched the “3 million Technical Talent Programme” together with the National Information Technology Development Agency, aiming to produce three million specialists by 2027. At the same time, innovation centres such as the Ilorin Innovation Hub are supporting startups and engineering skills development.

Efforts are also underway to improve energy access within the education sector. The African Development Bank has financed hybrid solar power installations at eight universities as part of the $200 million Nigeria Electrification Project.

However, these initiatives ultimately hinge on two factors: stable baseload power and a sustainable talent pipeline. One without the other limits how far the country can go in realising its digital ambitions.

Nigeria’s energy mix remains heavily dependent on fossil fuels, which account for around 80% of generation, with the remainder coming almost entirely from hydropower plants such as Kainji, Jebba, Shiroro and Zungeru. Both fossil fuel and hydropower generation come with structural constraints.

Despite having large crude oil reserves, Nigeria lacks the refineries to process them, thus leading to a paradox in which diesel and gasoline are imported from abroad – this can create a dependency on potential market price fluctuations.

Hydropower, meanwhile, relies on stable rainfall levels to operate in a continuous fashion.

Against this backdrop, the need for a stable and scalable baseload source becomes evident – one that can also support workforce development. This is where nuclear energy enters the discussion. Nigeria already operates a research reactor and is considering building nuclear plants of its own. Such projects typically involve long-term commitments to training personnel.

On the education front, Nigeria is pursuing both international and regional cooperation. Collaboration with the International Atomic Energy Agency supports training in nuclear science and safety, while the African Regional Cooperative Agreement addresses knowledge-sharing across the continent.

At the national level, the Nigerian Atomic Energy Commission (NAEC) works with universities to develop nuclear science and engineering programmes, including through the Nuclear Technology Education Programme and specialised research centres at institutions such as Ahmadu Bello University and the University of Nigeria, Nsukka.

International partnerships take these initiatives one step further. Cooperation with China – which comes in the form of recently-signed memorandums on nuclear energy – includes provisions for personnel education and training.

Russia is another valuable international partner:

In 2023 NAEC signed a memorandum of understanding with Tomsk Polytechnic University (TPU) to cooperate on nuclear education and training. The TPU is just one Russian university where Nigerian students go to study nuclear science. The National Nuclear Research University, Ural Federal University, Kazan State Technological University and Peter the Great’s Saint Petersburg Polytechnic University – all supported by the state corporation Rosatom – offer other options for Nigerian students.

Taken together, these efforts paint a broader picture: Nigeria is not only aiming to expand its energy capacity, but also developing the human capital needed to sustain it.

In this context, nuclear energy represents a nexus. Scaling digital infrastructure and AI requires both reliable power and highly skilled professionals – and nuclear projects demand progress on both simultaneously.

Nigeria’s ability to realise its digital ambitions will depend on how well the country aligns its energy policy with long-term talent development – a challenge that will shape the country’s trajectory in the coming decades.

 

 

AIICO Wins 2026 Insurance Company of the Year at Nairametrics Capital Market Awards

By
Business Journal
-
0

Left – right: Akin Morakinyo (Registrar, Chartered Institute of Bankers of Nigeria), Segun Olalandu (Head, Marketing & Communication) and Ademola Adenekan (Communications Manager) both from AIICO Insurance Plc., and Ugodre Obi-Chukwu (Founder/CEO, Nairametrics Financial Advocates).

AIICO Insurance Plc has been named Insurance Company of the Year 2026 at the Nairametrics Capital Market Awards, emerging as the top performer among its peers in a category designed to recognise excellence across Nigeria’s insurance landscape.

The award acknowledges companies that have demonstrated outstanding profitability, growth, and shareholder returns. According to Nairametrics, the selection process was based on a rigorous evaluation framework covering profit after tax growth, gross premium growth, return on average equity, claims efficiency, and market share expansion.

Each metric was carefully weighted to ensure a balanced and objective assessment of financial strength, operational efficiency, and value creation for shareholders.

In its citation, Nairametrics noted that the recognition reflects not only strong financial outcomes but also disciplined strategic execution in a competitive operating environment.

AIICO’s emergence at the top of this category reinforces its position as one of Nigeria’s most resilient and forward-looking insurance institutions. With over six decades of operations, the company has continued to evolve its business model, adapting to changing market dynamics while maintaining a consistent focus on performance and customer relevance.

A key milestone in this evolution was the company’s refreshed brand identity, unveiled in December 2025. The rebranding signalled a deliberate shift toward a more contemporary and accessible brand expression, designed to resonate with a younger generation of customers while preserving trust among its long-standing client base.

The updated identity has since gained strong visibility across both traditional and digital platforms, reflecting a broader strategy to strengthen market leadership and deepen engagement across demographics.

The award comes at a time when the Nigerian insurance sector is navigating increased competition, regulatory expectations, and shifting customer preferences.

AIICO’s performance, as reflected in the award criteria, points to a sustained ability to balance growth with efficiency, while delivering measurable value to stakeholders.

The Nairametrics Capital Market Awards, now in its second edition, was held on Friday, June 5, 2026 in Lagos. The event brought together regulators, policymakers, investors, and corporate executives to recognise organisations driving performance and long-term growth within Nigeria’s capital market ecosystem.

AIICO’s recognition at the 2026 awards adds to a growing list of industry acknowledgements and further signals its ongoing commitment to innovation, operational excellence, and relevance in an evolving financial services landscape.

 

CREDIBILITY MARKETING: THE MOST EXPENSIVE CURRENCY IN THE AI DIGITAL AGE

By
Business Journal
-
0

 

By Solomon Sanusi

Strategist Connecting Ideas, Travel, Technology, and Markets Across Continents.

The internet made visibility cheap.

Artificial Intelligence has now made content cheap too.

Today, almost anybody can:

  • generate graphics,
  • create websites,
  • write captions,
  • produce videos,
  • automate communication,
  • and appear “professional” online within minutes.

But while AI has reduced the cost of content creation, it has quietly increased the value of credibility.

This may become one of the defining business realities of the AI digital age.

For years, brands competed for attention.

Now they are competing for belief.

And belief is significantly harder to automate.

The modern internet user is no longer overwhelmed by lack of information. The real problem now is trust fatigue.

People are increasingly asking:

  • Is this real?
  • Can this brand be trusted?
  • Is this expertise authentic?
  • Is this business genuinely credible?
  • Is this content human or generated?

As AI generated content continues flooding the internet, credibility is becoming one of the most expensive and valuable currencies in modern business.

The companies and individuals that will dominate the next decade may not necessarily be the loudest. They will likely be the most believable.

This is already affecting:

  • media,
  • politics,
  • consulting,
  • e-commerce,
  • entertainment,
  • finance,
  • personal branding,
  • and digital marketing globally.

The AI era has created a strange paradox:

while creating visibility has become easier, maintaining trust has become harder.

A business can now look established online within days.

But appearance alone no longer convinces people.

Consumers are becoming more investigative.

Before making decisions, people now subconsciously examine:

  • Google search presence,
  • Media mentions,
  • Founder credibility,
  • Online consistency,
  • Public conversations,
  • Reviews,
  • Website quality,
  • LinkedIn authority,
  • and digital behaviour patterns.

Every brand today is operating inside a public verification system.

This is why credibility infrastructure matters more than ever.

Interestingly, even something as small as a website domain now contributes psychologically to trust perception.

For instance, there is a noticeable difference between:

  • ng and socialmediacentremarketing.com both may belong to the same company, but they communicate differently psychologically.
  • One feels abbreviated, broad and platform oriented.
  • The other immediately establishes category clarity and business identity.

As search engines and AI systems become more semantic driven, clarity is beginning to outperform clever branding shortcuts.

This matters because algorithms now increasingly evaluate:

  • authority,
  • contextual relevance,
  • expertise consistency,
  • and semantic identity.

In practical terms, businesses can no longer rely solely on aesthetics.

Modern credibility is now built through:

  • discoverability,
  • structure,
  • public consistency,
  • authority positioning,
  • and digital reputation.

The internet is gradually shifting from a visibility economy into a verification economy.

This is why founder led thought leadership is rising globally.

People increasingly trust:

  • identifiable voices,
  • consistent expertise,
  • transparent narratives,
  • and visible authority.

The human layer is becoming more valuable precisely because AI generated communication is increasing.

Ironically, the more artificial the internet becomes, the more valuable authentic credibility becomes.

This is also changing how successful brands communicate.

Instead of simply advertising products, companies are now investing heavily in:

  • educational content,
  • long form publishing,
  • authority driven media,
  • founder visibility,
  • search positioning,
  • and strategic public narratives.

The goal is no longer merely to be seen.

The goal is to be trusted at scale.

This may explain why many businesses with massive social media attention still struggle commercially, while smaller but highly credible brands continue growing steadily.

Attention may create awareness.

But credibility creates economic conversion.

And in an AI driven world where almost everything can be generated artificially, credibility may become the final differentiator separating temporary visibility from lasting influence.

 

 

PUBLIC POSITIONING: WHY GREAT BRANDS MUST BE SEEN IN THE RIGHT PLACES

By
Business Journal
-
0

 

 By Solomon Sanusi

Strategist Connecting Ideas, Travel, Technology, and Markets Across Continents.

One of the biggest misconceptions in modern branding is the belief that success comes from being everywhere.

It does not.

The real advantage in today’s economy is strategic visibility.

  • Not every audience matters to every brand.
  • Not every platform creates value.
  • Not every form of attention converts into influence.

This is why public positioning is becoming one of the most powerful yet misunderstood concepts in modern business growth.

Public positioning is the intentional placement of a brand, personality, company or idea within the environments, conversations and visibility channels that shape perception among the people it intends to influence.

In simpler terms:

  • Where a brand is seen often matters more than how often it is seen
  • This principle has quietly shaped some of the world’s most respected companies for decades
  • Luxury brands understand this deeply.
  • Political institutions understand this.
  • Global technology companies understand this.
  • Even high-level consulting firms operate almost entirely through positioning psychology.
  • Because perception is rarely accidental.

Human beings naturally attach value to:

  • association,
  • environment,
  • media placement,
  • social proof,
  • and visibility context.

This explains why two businesses offering similar services can be perceived completely differently publicly.

One appears premium.

The other appears ordinary.

Often, the difference is not product quality.

It is positioning.

The digital age has intensified this reality significantly.

Today, public perception is no longer formed only through traditional advertising. It is shaped through:

  • Google search results,
  • LinkedIn visibility,
  • Media mentions,
  • Podcast appearances,
  • Online conversations,
  • Founder reputation,
  • Social media behaviour,
  • and increasingly, AI generated discovery systems.

Modern brands are now living inside continuous public interpretation.

  • People judge businesses before contacting them.
  • Investors investigate founders online before meetings.
  • Customers search names before purchases.
  • Partners assess digital credibility before collaborations.

This means businesses are no longer operating only in markets.

They are operating inside perception ecosystems.

This shift is also changing how strategic visibility works online.

For example, something as seemingly simple as a website structure now contributes to public positioning psychologically.

There is a difference between: smconline.ng and socialmediacentremarketing.com one functions like a shortened digital identity.

The other immediately communicates category ownership, industry relevance and semantic clarity.

As AI powered search and modern algorithms evolve, specificity is increasingly outperforming ambiguity.

Search systems now favour:

  • contextual clarity,
  • authority signals,
  • topical relevance,
  • and semantic consistency.

This is why many businesses are gradually moving away from vague digital branding into clearer positioning structures.

The internet itself is changing.

For years, digital marketing focused heavily on reach.

Today, strategic placement matters more than random exposure.

A company featured:

  • on respected media platforms,
  • in industry conversations,
  • within high trust environments,
  • and alongside credible voices automatically develops stronger positioning value.

This is not merely marketing.

It is perception engineering.

The strongest brands in the coming decade may not necessarily be the loudest brands.

They will likely be the brands that understand:

  • where to appear,
  • how to appear,
  • who to appear beside
  • and how to control public narrative intentionally.

This applies across:

  • business,
  • technology,
  • politics,
  • entertainment,
  • finance,
  • media,
  • and even personal branding.

Public positioning is becoming increasingly important because attention itself is becoming fragmented.

People no longer consume information from one source.

Algorithms now distribute perception across multiple environments simultaneously.

This means brands must now think beyond promotion.

They must think structurally about:

  • visibility,
  • authority,
  • trust,
  • discoverability,
  • and long-term public relevance.

Ultimately, great brands are rarely remembered simply because they existed.

They are remembered because they consistently appeared in the right places, around the right conversations, before the right audiences.

And in the modern digital economy, strategic public positioning may quietly become one of the greatest competitive advantages any business can build.

 

VISIBLE PROXIMITY: WHY THE FUTURE BELONGS TO BRANDS PEOPLE CAN CONSTANTLY SEE

By
Business Journal
-
0

 

By Solomon Sanusi

Strategist Connecting Ideas, Travel, Technology, and Markets Across Continents.

For decades, businesses competed for visibility.

Today, visibility alone is no longer enough.

The real battle is now proximity.

Not physical proximity alone, but visible proximity the ability of a brand to remain consistently present within the attention span, emotional environment, and digital habits of the people it intends to serve.

This is quietly becoming one of the most important forces shaping modern business growth.

A few years ago, companies could survive by simply existing:

  • a signboard,
  • an office,
  • a newspaper advert,
  • occasional radio mentions.

But the internet changed consumer behaviour permanently.

Today, before people trust a business, they unconsciously investigate it online first.

They search:

  • Google,
  • Instagram
  • LinkedIn
  • TikTok
  • YouTube
  • X
  • and increasingly, AI driven search platforms.

This means modern businesses are no longer competing only within industries. They are competing within attention systems.

The companies dominating today are not always the biggest companies. They are often the companies closest to public attention consistently.

This is why some brands appear to “grow faster” than others despite offering similar services.

People trust familiarity.

And familiarity is built through repeated encounters.

The psychology behind this is simple:

  • Human beings naturally trust what they constantly see.

In marketing psychology, this is closely connected to what researchers describe as the “mere exposure effect” the tendency for people to develop preference for things they repeatedly encounter.

The internet has amplified this effect aggressively.

A modern consumer may encounter a brand:

  • through a Google search
  • a LinkedIn article
  • an Instagram Reel
  • a TikTok conversation
  • a podcast mention
  • a media feature,
  • or a YouTube recommendation before ever becoming a customer.

Every one of those encounters increases proximity.

This is why digital visibility can no longer be treated casually.

The future belongs to brands that understand how to remain discoverable, searchable, accessible and repeatedly visible.

However, many businesses are still approaching digital presence incorrectly.

Some companies focus entirely on social media without building search authority.

Others own websites that function merely as online brochures rather than visibility infrastructure.

This is where domain positioning becomes increasingly important.

A domain is no longer just a website address.

It has become part of brand perception.

For example, there is a psychological difference between:

  • a generic digital identity and
  • a clear authority driven domain structure.

A domain such as:

  • ng communicates something entirely different from:
  • com one feels abbreviated and broad.

The other communicates category ownership directly.

As search engines and AI systems evolve, clarity is becoming more valuable than cleverness.

Modern algorithms increasingly favour:

  • semantic relevance,
  • authority signals,
  • consistent branding language,
  • and clear contextual identity.

In practical terms, businesses now need more than websites.

They need searchable ecosystems.

This is why companies globally are investing heavily in:

  • thought leadership,
  • SEO driven publishing,
  • founder led branding,
  • digital authority systems,
  • and long form educational content.

The goal is no longer simply to advertise.

The goal is to become repeatedly discoverable.

Because in today’s economy, people rarely buy from brands they cannot consistently find.

This shift is also redefining marketing itself.

Marketing is gradually moving away from interruption-based advertising into what can best be described as attention infrastructure.

The brands winning now are not merely promoting products.

They are building environments where visibility continuously compounds.

This applies across:

  • business
  • politics,
  • entertainment,
  • media,
  • consulting,
  • real estate,
  • finance,
  • and even personal branding.

The future belongs to brands that understand one simple truth:

  • If people constantly encounter you, you eventually become part of public consideration.

And in a digital world driven by algorithms, search behaviour and perception systems, visible proximity may quietly become one of the most valuable competitive advantages any business can build.

 

 

 

Media, Public Trust Key to Security Success – Dr. Chike Duru

By
Business Journal
-
0

Associate Professor and Head of the Department of Mass Communication, Achievers University, Owo, Dr. Chike Walter Duru, has described media as one of the most powerful force multipliers in modern security operations, stressing that effective communication has become indispensable to achieving operational success in contemporary security environments.

Duru made the assertion while delivering a Guest Lecture at a Media Workshop organised by the Directorate of Army Public Relations (DAPR), Headquarters Nigerian Army, at the Army War College Nigeria, Asokoro, Abuja.

The workshop brought together Army Public Relations Officers, media practitioners, and Public Relations Officers from various security agencies to examine the growing role of strategic communication in enhancing national security outcomes.

Speaking on the theme, “Media as a Force Multiplier: Leveraging Integrated Platforms to Enhance Public Trust, Inter-Agency Synergy and Operational Outcomes,” Dr. Duru argued that modern security operations are no longer determined solely by military capability and firepower.

According to him, “today, the success or failure of security operations is influenced not only by military capability, but also by how effectively institutions communicate with citizens, shape public perception, counter misinformation, and sustain public confidence.”

He explained that in military and strategic studies, a force multiplier refers to any capability that significantly enhances operational effectiveness beyond the numerical strength of personnel or equipment, noting that media has emerged as a strategic asset capable of strengthening institutional credibility, building public trust, promoting national unity, and improving operational legitimacy.

The communication scholar observed that the rapid evolution of digital media has transformed the information environment, creating both opportunities and challenges for security institutions.

He warned that misinformation, fake news, deepfakes, online propaganda, and co-ordinated disinformation campaigns now constitute major threats to national security and operational effectiveness.

According to him, information management has become an integral component of national security management, making proactive communication, transparency, and credibility essential requirements for security institutions.

Dr. Duru further highlighted the importance of integrated communication platforms, arguing that coordinated use of television, radio, newspapers, online media, social media, and community engagement channels enables security agencies to deliver accurate, timely, and strategic messaging capable of strengthening public confidence and enhancing operational outcomes.

He also emphasised the need for stronger collaboration among security agencies, noting that modern threats such as terrorism, insurgency, banditry, kidnapping, cybercrime, and transnational crimes require coordinated communication and unified narratives.

To strengthen media integration as a force multiplier, Dr. Duru presented several recommendations, including the integration of strategic communication into operational planning, institutionalisation of periodic security-media dialogue platforms, development of early warning communication systems, promotion of citizen-centred security communication, capacity building in counter-disinformation and information warfare, strengthening collaboration with digital platforms and online publishers, development of indigenous language communication strategies, establishment of joint communication frameworks during emergencies, strengthening digital media capacity, investment in communication technology, improved transparency, development of crisis communication protocols, strengthening community-based strategic communication, and enhancement of media literacy campaigns.

He maintained that public trust remains a strategic security asset and that effective communication is critical to sustaining cooperation between citizens and security institutions.

“Modern security victories are achieved not only through superior force, but through superior communication. Whoever shapes the narrative strengthens operational success,” he stated.

The lecture generated robust discussions led by Major General Chris Olukolade (Rtd) and Professor Okey Ikechukwu as discussants, while Lt. Col. D.J. Danjuma served as moderator.

Participants commended the presentation for its relevance to contemporary security realities and its practical recommendations for strengthening communication, media engagement, and inter-agency collaboration within Nigeria’s security architecture.

The workshop forms part of ongoing efforts by the Directorate of Army Public Relations to strengthen military-media relations, improve strategic communication capabilities, and promote effective public engagement in support of national security objectives.

Ecobank Kicks Off 5th Edition of Adire Lagos

By
Business Journal
-
0

Ecobank Nigeria has kicked-off the fifth edition of the highly anticipated Ecobank Adire Lagos Experience, reaffirming its readiness to host local and international brands, partners, customers and visitors at the four-day fair scheduled to hold from June 11 to 14, 2026, at the Ecobank Pan African Centre (EPAC), Victoria Island, Lagos.

The Bank has put in place all necessary arrangements to ensure a seamless, secure and memorable experience for exhibitors and attendees, further underscoring its commitment to promoting African creativity, entrepreneurship and intra-African trade.

Among the international exhibitors confirmed for this year’s edition are Creative Hub Africa and Shades of Class from Sierra Leone, Drame Khadidatou from Senegal, Tampoori from Ghana, and Naylah Collection from the Republic of Benin. Their participation highlights the growing continental appeal of the Ecobank Adire Lagos Experience as a platform for cultural exchange, business collaboration and market access across Africa.

The event will also feature more than 100 exhibitors and vendors, including leading Nigerian brands such as Obida Design Associates, This Is Us, Imani Kids, Ashabi Fads, E25Dresses, Miné by Ejiro Amos Tafiri, Buss Fabrics Store, Aina Aladire and many others, showcasing the richness of African craftsmanship, innovation and entrepreneurship.

Speaking on the Bank’s preparedness for the event, Head of SMEs, Partnerships and Collaborations at Ecobank Nigeria, Omoboye Odu, said all arrangements have been successfully concluded to deliver a rewarding experience for exhibitors, partners, customers and visitors throughout the four-day fair.

According to her, attendees can look forward to a vibrant showcase of fashion, craftsmanship, art, music, culture and entrepreneurship, with participants drawn from Nigeria and several other African countries.

“We are fully prepared and excited to welcome guests from across Nigeria and the African continent to another edition of the Ecobank Adire Lagos Experience. From exhibition spaces and cultural showcases to networking opportunities and customer engagement activities, every necessary arrangement has been put in place to ensure a seamless and rewarding experience for all attendees,” Odu said.

 

She added: “The Ecobank Adire Lagos Experience continues to evolve as a unique platform that connects creatives, entrepreneurs and consumers from across Africa. Attendees can look forward to exceptional products, interactive sessions, entertainment, cultural exhibitions and valuable opportunities to build relationships, explore new markets and expand their businesses.”

Over the years, the Ecobank Adire Lagos Experience has grown into one of Nigeria’s foremost platforms for promoting indigenous textile production, supporting small and medium-sized enterprises, and showcasing the ingenuity of African creatives. The event has also played a significant role in expanding market access for businesses while preserving and celebrating Africa’s rich cultural heritage.

Beyond the exhibition, participants will have opportunities to network, explore business partnerships, discover unique products and experience the diversity and vibrancy of African culture. The event is open to the public, and visitors can look forward to an immersive experience that seamlessly blends tradition, innovation, fashion, enterprise and entertainment in a grand celebration of Africa’s creative economy.

 

 

Stanbic IBTC Partners National Theatre to Spark Creativity in 180 Children at 2026 Blue Kids Day – The ToonTopia Edition

By
Business Journal
-
0

Stanbic IBTC reaffirmed its commitment to nurturing the next generation of innovators and creative thinkers at its annual Blue Kids Day event.

Held in partnership with the National Theatre, this year’s ToonTopia-themed edition, spotlighting Nigeria’s second Children’s Animation Festival, delivered a vibrant and immersive experience designed to spark creativity, inspire imagination, and promote learning among young minds. This was not just an event, it was a launchpad for discovery, expression, and boundless potential.

Launched in 2022, Stanbic IBTC Blue Kids Day has grown into a dynamic platform dedicated to enriching young minds through impactful and memorable experiences, demonstrating the organization’s enduring commitment to shaping a brighter future for children. This year’s ToonTopia-themed edition brought that vision to life, celebrating African storytelling, creativity, and imagination. It delivered an immersive and inspiring learning experience for 180 children aged 8 to 12, going beyond the traditional Children’s Day celebration to spark curiosity, unlock creativity, and shape future possibilities.

The event was successfully held on May 23, 2026, at the renowned Wole Soyinka Centre for Culture and Creative Arts (National Theatre), Iganmu, Lagos. It delivered a dynamic and immersive experience, with participants taking part in animation workshops, art sessions, film screenings, digital creativity classes, and hands-on educational activities. Each session was thoughtfully designed to spark curiosity, ignite creativity, and build future-ready skills. The programme concluded on a high note, as every child received a certificate of participation, recognizing their enthusiasm, creativity, and the new knowledge they gained throughout the experience.

Speaking on the initiative, Bunmi Dayo-Olagunju, Deputy Chief Executive of Stanbic IBTC Bank, said:
“Children thrive when given the freedom to explore, imagine, and create. Through Blue Kids Day, we are deliberate about creating experiences that spark confidence, fuel creativity, and encourage lifelong learning. Our collaboration with the National Theatre reflects our strong belief that exposure to creative and digital skills can unlock the boundless potential within every child and prepare them for future opportunities.”

She further reaffirmed Stanbic IBTC’s commitment to supporting initiatives that nurture the holistic development of children, while creating lasting value for families and the communities they serve.

Reinforcing this vision, Olu Delano, Executive Director, Personal and Private Banking at Stanbic IBTC Bank, stated:
“At Stanbic IBTC, empowering children goes beyond financial literacy, it is about opening their minds to possibilities and inspiring their imagination. Blue Kids Day allows us to support families by creating experiences that build creativity, confidence, and future-ready skills. Our collaboration with the National Theatre underscores our commitment to raising well-rounded individuals prepared to thrive in a fast-changing world.”

This partnership underscores the rising importance of creative education and digital literacy in today’s world. By introducing children to animation, storytelling, and artistic expression in an evolving fun, hands-on environment, the programme not only made learning exciting but also nurtured innovation and critical thinking.

As Stanbic IBTC continues to enable Nigerians to live a better life by going beyond banking to enrich lives, Blue Kids Day stands as a strong symbol of its commitment to empowering young people, supporting families, and shaping a generation of confident, imaginative, and future-ready Nigerians.

Leadway Advocates for the Next Generation of Female Tech Talent

By
Business Journal
-
0

Leadway Group has reaffirmed its commitment to fostering inclusion, innovation, and talent development for women in the technology ecosystem. This commitment was highlighted at the Engineer Her Future 1.0 Conference, organised by the Society of Women Engineers (SWE) Lagos State Chapter on June 5, 2026 in Lagos.

The conference brought together leading female technology professionals, industry leaders, innovators, and aspiring female young talents, including secondary school students, to engage in conversations designed to spark interest in technology careers and equip aspiring female professionals with the knowledge, confidence, and inspiration needed to succeed in an increasingly digital world.

As part of the panel sessions at the conference, Ayomide Shodipo, Engineering Lead, Leadway Group, joined other industry leaders to share insights on how women can navigate the technology industry, build successful careers, and embrace innovation. Through candid discussions and practical advice, the panellists encouraged the female students and young professionals to explore opportunities within Science, Technology, Engineering, and Mathematics (STEM) fields and pursue their ambitions with confidence.
Speaking at the conference, Shodipo, highlighted the importance of creating platforms that expose young women to opportunities in technology from an early stage. “At Leadway, we believe that meaningful progress begins with creating opportunities for the next generation to see what is possible. Supporting Engineer Her Future aligns with our commitment to empowering young people, particularly young women, with the inspiration, exposure, and access they need to pursue careers in technology and innovation. By investing in platforms like this, we are not only supporting individual aspirations but also contributing to the development of a more inclusive, diverse, and future-ready workforce for Nigeria.”

Leadway’s sponsorship of Engineer Her Future 1.0 reflects the Group’s broader commitment to supporting initiatives that advance education, innovation, youth development, inclusion, and women’s empowerment. Through its female-focused community, Herssured, Leadway has fostered strategic partnerships with women-led initiatives such as She Leads Africa and Heels and Tech. These collaborations are aimed at providing women with the resources, opportunities, and enabling environment needed to thrive across various spheres of life. By continuously creating opportunities that empower women, Leadway remains committed to driving sustainable social and economic development.

 

About Leadway Group

Leadway Group is one of Nigeria’s leading non-banking financial services groups, providing insurance, asset management, pensions, healthcare, and other financial solutions that help individuals and businesses achieve their goals. With a legacy spanning over five decades, Leadway remains committed to innovation, excellence, and creating value for customers, partners, and communities.

 

Sim Tshabalala Leads Standard Bank Delegation on Courtesy Visit to South African High Commissioner to Nigeria

By
Business Journal
-
0

Sim Tshabalala, Chief Executive Officer of Standard Bank Group, Africa’s largest bank, paid a courtesy visit to Thami Mseleku, South African High Commissioner to Nigeria in Abuja.

He was accompanied by Sola David-Borha, Chairman of Stanbic IBTC Holdings Board; Helmut Engelbrecht, Regional Chief Executive for Africa Regions, Standard Bank; Chuma Nwokocha, Chief Executive of Stanbic IBTC Holdings; Wole Adeniyi, Chief Executive of Stanbic IBTC Bank; Yewande Sadiku, Head Investment Banking Africa, Standard Bank, alongside other senior executives.
This engagement highlights the importance of strengthening business ties between South Africa and Nigeria, two of Africa’s largest economies. Standard Bank Group remains committed to driving Africa’s growth by fostering investor confidence, creating employment opportunities, and supporting sustainable economic development.
At a time when collaboration is essential, this visit underscores the role of strong partnerships in building resilience, fostering unity, and unlocking Africa’s full potential for shared prosperity.

 

Africa’s Largest Bank, Standard Group, Backs Dangote Refinery IPO

By
Business Journal
-
0

Africa’s largest financial institution, Standard Bank Group, the parent company of Stanbic IBTC Holdings, has reaffirmed its commitment to support the growth of Dangote Industries Limited, pledging backing for the planned listing of the Dangote Petroleum Refinery while expressing readiness to finance future expansion projects across the continent.
The commitment came during a strategic visit by Standard Bank Group Chief Executive, Sim Tshabalala, and senior executives to the Dangote Petroleum Refinery and Dangote Fertiliser complex in Lagos.
Speaking after touring the facilities, Tshabalala described the refinery as a transformational industrial project with far-reaching implications for Nigeria and Africa.
“We are here because the Dangote Group is a large and important global player and a significant force on the African continent,” he said.
“Standard Bank is the largest financial institution in Africa and we have partnered with Dangote on a variety of initiatives. We are here to lend support, to see this magnificent refinery and to discuss Vision 2030 and how we can continue supporting the Group’s growth ambitions.”
Tshabalala disclosed that Standard Bank intends to play a leading role in the refinery’s planned Initial Public Offering and future growth initiatives.
“As Dangote lists, there is an IPO coming up and we are a leading player in that process,” he said.

“As the Group continues to expand in Nigeria and across Africa, there will be opportunities for financial advisory services and balance sheet support, and we stand ready to provide both.”
He described the refinery as “a wonder of the world,” noting that its impact is already being felt through stronger foreign exchange earnings, improved balance-of-payments performance and enhanced energy security.
“This is a wonder to behold. It is massive, productive and transformative. It is already making a significant contribution to Nigeria’s economy through its impact on foreign reserves, the balance of payments and the lives of ordinary Nigerians,” he said.
Group Vice President, Oil and Gas, Dangote Industries Limited, Devakumar Edwin, said the visit represented a significant milestone in a partnership that began during the refinery’s construction phase.
“The bank visited us during construction and understood the scale of what we were building,” Edwin said. “Today, the refinery is fully operational and they can see what their support has helped to create. It is like nurturing a tree and eventually seeing it bear fruit.”
He added that both organisations are exploring opportunities to deepen collaboration as Dangote expands its industrial footprint across Africa.
Managing Director and Chief Executive Officer of the Dangote Petroleum Refinery, David Bird, said the visit highlighted the importance of long-term partnerships in delivering large-scale industrial projects.
“Standard Bank has been one of our strongest supporters throughout the history of the refinery and the broader Dangote Group,” Bird said.

“This visit was an opportunity to demonstrate what that support has enabled. Seeing is believing, and it allows our partners to appreciate the scale of what has been achieved.”
The visit also coincided with a major operational milestone for the refinery, which has now exceeded its original design capacity.
Bird disclosed that the refinery recently completed performance test runs at 700,000 barrels per day, above its nameplate capacity of 650,000 barrels per day.
“We have always believed there was engineering flexibility built into the design,” he said. “Achieving sustained production of 700,000 barrels per day is a testament to the technical capability of our people and the strength of the systems we have built.”

 

CBN Chief, Yemi Cardoso, Formally Receives Central Bank of the Year Award

By
Business Journal
-
0

Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, formally received the Central Bank of the Year Award at the Central Banking Awards ceremony held in London on Wednesday, June 10, 2026. He dedicated the honour to the Board, management, and staff of the Bank for their steadfast commitment to institutional reform and economic stability.

In his acceptance speech, Cardoso expressed appreciation to Central Banking Publications and the award judges for the recognition. He also congratulated fellow institutions and individuals honoured during the event.

The CBN Governor stressed that the award was not a personal achievement but a testament to the collective efforts of the entire Central Bank of Nigeria, particularly the professionals whose dedication, integrity, and expertise – often exercised away from public attention – have strengthened the Bank and reinforced confidence in Nigeria’s economy.

“I accept this award on behalf of the Board, Management and staff of the Central Bank of Nigeria,” Cardoso said. “Above all, it belongs to the many dedicated professionals who serve our institution with integrity, expertise, and an unwavering commitment to the public good.”

Reflecting on the global economic landscape, Cardoso noted that recent years had presented significant challenges for central banks worldwide, with Nigeria facing its own share of economic pressures and policy tests.

He highlighted several difficult but necessary measures undertaken by the CBN, including efforts to address elevated inflation, implement major reforms in the foreign exchange market, and invest in critical digital and financial infrastructure to support the country’s long-term economic development.

Cardoso also pointed to key milestones achieved during the period, including Nigeria’s removal from the Financial Action Task Force (FATF) grey list and the successful completion of the banking sector recapitalisation exercise. He noted that these accomplishments reflected the collaborative efforts of multiple institutions and stakeholders.

According to the Governor, the Bank’s reform agenda has been guided by a clear objective: restoring confidence, strengthening institutional resilience and policy credibility, and laying a solid foundation for sustainable economic growth.

While acknowledging that significant work remains ahead, Cardoso expressed optimism about the progress made so far and the renewed confidence emerging across the economy.

He attributed these gains to the support of the Federal Government, market participants, development partners, and, most importantly, the resilience and confidence of the Nigerian people.

“We receive this recognition with humility,” he said. “We see it not as a destination, but as encouragement to continue the important work ahead.”

Cardoso reaffirmed the CBN’s commitment to preserving public confidence, safeguarding financial and monetary stability, and fulfilling its mandate with integrity, professionalism, and accountability.

The award represents significant international recognition for the Central Bank of Nigeria at a time when monetary and financial sector reforms remain central to the country’s economic recovery and long-term growth agenda.

 

Heirs Insurance: 3m Policyholders in 5 Years of Industry Transformation

By
Business Journal
-
0

Heirs Insurance Group says it has recorded over three million customers in five years of its existence in the Nigerian insurance sector through transformative products and services.

Mr. Niyi Onifade, Managing Director/CEO of Heirs Life and Sector Head of Heirs Insurance Group said at a media engagement session to celebrate five years of the Group in Lagos that Heirs came to transform the market by leveraging on technology and customer-centric products and services.

Onifade described Heirs as a digital insurance group that has a track record of over N21 billion claims payment for the Group (General & Life) in 2025, N7.5 billion profitability and N136 billion in total assets in just five years of operation in the Nigerian insurance space.

He added that Heirs also considers sustainability as an integral part of its business model.

“We take sustainability seriously because we believe that every business must have impact on the society. We believe in building the market and building the nation to improve lives and transform society. The next 50 years is anchored on building to last, by solidifying what we have been able to achieve and it would be about Africa-Heirs Insurance Group of Africa.”

Mr. Wale Fayemi, Managing Director/CEO of Heirs General said the vision of Heirs is to democratise insurance in Nigeria to ensure that every segment of the population has access to innovative insurance products and services.

“We plan to make insurance simple through adoption of technology to lead the way. With insurance, the economy will grow. We came to tackle the trust deficit in the insurance industry and we’ve transformed the market and the economy.”

Universal Insurance CEO, Jeff Duru, Chairs SUPERNEWS Confab 2026, as Idu Okeahialam Delivers Keynote Paper

By
Business Journal
-
0

SUPERNEWS Nigeria has announced the Managing Director/Chief Executive Officer of Universal Insurance Plc, Dr. Jeff Duru as the Chairman of its highly anticipated annual conference and 10th Anniversary celebration slated for July 7, 2026.

Similarly, the Group Managing Director/CEO of Royal Exchange Plc, Mrs. Idu Okeahialam will deliver the keynote paper at the annual conference which is presently in its 4th edition.

The conference themed; ‘Local Content & Digitisation: Building Synergy Between Oil & Gas and Insurance Sectors for Inclusive Growth’ will take place at Oriental Hotel, 3 Lekki Road, Victoria Island, Lagos, at 10:00 am prompt.

The event is expected to attract regulators, operators, sectors’ chief executives, policymakers, civil society organisations, media practitioners, students, among other stakeholders.

The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin, has confirmed his participation as a Special Guest of Honour while the President, the Nigerian Council of Registered Insurance Brokers (NCRIB), Mrs. Ekeoma Ezeibe will equally grace the occasion.

Erudite and prominent speakers ready for the conference include the Managing Director/CEO, Stanbic IBTC Insurance Limited, Mr. Akinjide Orimolade and the Managing Director/CEO, Guinea Insurance Plc, Mr. Ademola Abidogun.

Others include the MD/CEO, Deepshores Energy Limited, Mrs. Nneka Obi and Professor Olajide Fadun of the Department of Insurance and Actuarial Science, University of Lagos.

Speaking on the rationale behind the choice of the conference theme, the Publisher of SUPERNEWS Nigeria and the convener of the epoch-making event, Ngozi Onyeakusi, explained that the whole effort was geared towards providing insight on how both sectors can leverage technology-driven solutions to strengthen synergy to overcome challenges associated with the implementation of Sections 49 and 50 of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act.

She noted that the provisions of Sections 49 and 50 of the Act mandates operators involved in oil and gas activities to ensure all insurable risks connected to their businesses are covered with insurance companies and brokers registered in Nigeria.

The Act further stipulates that where an operator seeks to place an insurable risk offshore, a written approval of the National Insurance Commission (NAICOM) must first be sought and obtained and that NAICOM, prior to the issuance of the approval, must first determine that local capacity has been fully exhausted.

In a bid to smoothen the implementation and compliance to the Act, the Nigeria Content Development and Monitoring Board (NCDMB) and NAICOM in 2022 launched the relevant guidelines which was expected to address the loopholes that were identified in implementing the provisions of the Act, particularly, Sections 49 and 50.

However, research has shown that insurance firms before now still faced lots of challenges ranging from capital inadequacy among others.

With the birth of the Nigeria Insurance Industry Reform Act (NIIRA) 2025, the insurance industry is now positioned for global competitiveness while the ongoing recapitalisation exercise is expected to pave way for big, strong and reliable insurance firms.

The conference therefore provides a veritable platform for robust deliberation on how digitisation, policy reforms, and implementation of local content guidelines can drive inclusive growth and sustainable partnership between the oil & gas and insurance industry.

REA CEO, Stakeholders to Brainstorm on Nigeria’s Energy Transition Pathway at 2026 Oriental News Conference 

By
Business Journal
-
0

The Rural Electrification Agency (REA), would be leading conversations on Nigeria’s renewable energy strategy which is a component of broader energy transition strategy of the federal government

The 2026 Oriental News national conference with the theme, “Carbon Capture: Accelerating Decarbonisation Initiatives in Nigeria’s Extractive Industry Through Broad Regulatory Reforms” is bringing together top energy companies and experts as well as key government agencies to exchange innovative ideas on how to reduce carbon emissions in the energy sector and engage in knowledge sharing along individual industry perspectives.

The conference scheduled to hold on July 23, 2026 at Radisson Blu, Ikeja Lagos, also has a Sub Theme: Addressing Finance Challenges, Investment Strategies, Operational Sustainability and Climate Change Management.

The Managing Director and Chief Executive Officer (MD/CEO) of the REA, Abba Abubakar Aliyu, would engage critical stakeholders, including energy expert, industry leaders and financial institutions on the agency’s efforts in minimizing carbon emissions through expanded renewable energy development.

Nigeria drives its renewable energy transition through the Energy Transition Plan (ETP), which aims for net-zero emissions by 2060.

The country prioritizes decentralised solar power, green manufacturing, and massive multilateral investments to combat grid fragility and end its heavy reliance on petrol and diesel generators.

Launched to achieve net-zero, the ETP leverages a \(\$410\) billion investment strategy focused on expanding grid capacity, promoting clean cooking, and modernizing the power sector.

The Distributed Access through Renewable Energy Scale-Up (DARES) is a major \(\$750\) million World Bank-backed facility aimed at providing electricity to over 17.5 million unserved Nigerians via solar home systems and mini-grids.

The REA, is rapidly deploying community-based solar mini-grids to bypass fragile national transmission lines and directly empower rural businesses and healthcare centers, and this would be the focus of Aliyu’s key presentations at the conference.

Nigeria is prioritizing local manufacturing of solar panels, inverters, and standalone renewable systems to create jobs and build domestic supply chains.

The government offers policy incentives—such as tax holidays for independent power producers and specialised feed-in tariffs—to attract private capital into the renewable sector.

The global oil and gas industry operators are working assiduously to reduce emissions and Nigeria is also facing similar pressures to bring down the scale of emissions across all critical sectors of the economy.

Every year Oriental News Nigeria, a leading news Online platform provides opportunity for discussions among critical stakeholders in Nigeria’s energy, finance and industrial sector of the economy to discuss regulatory issues, investment opportunities with the aim to support both private and public led initiatives to improve economic growth and development.

Now in its 5th year, the 2026 conference is seeking to promote environmental sustainability by addressing actions and challenges facing operators in the extractive industry, particularly in the country’s oil and gas, petrochemicals and manufacturing sectors.

The conference would convene operators in the oil and gas industry to exchange ideas and decarbonisation solutions that align with operational needs.

The summit will focus on the industry challenges of harmonising environmental commitments with business performance.

Growing demands for sustainability have long underscored the need for the oil and gas sector to reduce its environmental impact. Now, with the emergence of innovative solutions, the industry is entering a transformative phase — reimagining the future of energy.

One of the key highlights of the summit is the presentation of case-studies from major industry players who have either achieved significant progress in their decarbonisation goals or are well on the path to success.

It brings all sides of the business together: vendors, oil and gas producers and suppliers. It gives an opportunity to hear different points of view on the same issue and find what suits the company best and it will offer unique opportunity to stay ahead of decarbonisation trends, connect with industry leaders and turn sustainability goals into operational strategies.

The topic seeks to interrogate regulatory frameworks, decarbonisation pathways initiated by operators, and financing gaps that has led to slow progress towards promoting meeting the country’s zero emissions targets.

The conference aims to foster dialogue on energy transition with the opening ceremony to be hosted with key presentations by the guest speaker and keynote speaker who will address the theme of the conference.

There will be panel discussions by stakeholders from broad spectrum of petroleum industry, manufacturing, financial sector, regulatory agencies among others.

This aspect of the discussion will include thematic dialogues, policy exchanges, and joint segments, potentially incorporating hybrid or digital elements for broader access and sustainability.

1234...391Page 3 of 391