NLNG Concludes 2026 VIBES Pitch-a-Thon, Disburses ₦250m in Business Grants

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16/04/2026

Presentation of a ₦250 million cheque to 51 beneficiaries of the NLNG-sponsored Vocational Innovation and Business Empowerment Scheme (VIBES) at the closing ceremony in Port Harcourt.

NLNG has disbursed a total of ₦250 million in grants to 51 entrepreneurs following the conclusion of its 2026 Vocational Innovation and Business Empowerment Scheme (VIBES), which commenced with the induction of 103 participants from its host communities in Rivers State.

The grants followed a competitive pitch-a-thon that brought the programme to a close, with participants presenting their business ideas and funding requirements before a panel of judges. Selections were based on the viability, scalability, and sustainability of each proposal.

Speaking at the event, NLNG’s General Manager, External Relations and Sustainable Development, Sophia Horsfall, said the grant component of VIBES is designed to ensure that participants are not left with just training, but are supported to take the next practical step in establishing their businesses.

“What we are doing with this funding is bridging the gap between learning and execution. Many small businesses struggle at that stage where they have the knowledge but lack the capital to move forward. Through VIBES, we are providing targeted support to help these entrepreneurs implement their ideas, stabilise their operations, and position their businesses for growth,” she said.

Horsfall added that the initiative reflects NLNG’s broader approach to sustainable community development, noting that combining capacity building with access to funding enables beneficiaries to make measurable progress, strengthen their businesses, and create real economic value within their communities. “It is about providing sustainable livelihoods”, she said.

In his remark, Manager, Community Relations and Sustainable Development, Yemi Adeyemi, commended participants for their dedication throughout the programme and the quality of ideas presented during the pitch-a-thon. He noted that the funding is intended to provide critical growth capital to enable beneficiaries expand operations, improve productivity, create jobs, and strengthen their market position.

He thanked all participants for their commitment and reaffirmed NLNG’s continued investment in enterprise development, and support for initiatives that build local capacity, promote entrepreneurship, and create sustainable economic opportunities in its host communities.

The pitch-a-thon marked the culmination of a four-week intensive business capacity-building programme, during which participants were equipped with practical skills in financial management, business strategy, marketing, and operations to strengthen their enterprises.

The programme, built on innovation, scalability, and sustainability, reinforces NLNG’s commitment to inclusive economic development, integrating capacity building with funding to help entrepreneurs grow, sustain their businesses, and drive long-term impact.

Resolution of Failed Banks: NDIC Commences Process to Conclude the Liquidation of 89 MFBs & PMB

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Business Journal

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16/04/2026

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The Nigeria Deposit Insurance Corporation (NDIC) has commenced the process of concluding the liquidation activities of 89 closed Microfinance Banks (MFBs) and Primary Mortgage Banks (PMBs) following their successful acquisition by new owners under the Purchase and Assumption (P&A) resolution model executed by the Corporation.

The 89 closed banks were part of the 179 MFBs and 4 PMBs whose banking licenses were revoked by the Central Bank of Nigeria (CBN) on May 22^nd and 23^rd, 2023. Through the Purchase and Assumption agreements, 89 new eligible institutions were issued licenses by the CBN, to acquire the assets and liabilities of the defunct banks and have since commenced operations under new names.

In order to legally conclude the liquidation process in accordance with the provisions of its enabling Act and other relevant laws, the NDIC in its capacity as the Liquidator of the defunct banks, will be presenting applications to various Judicial divisions of the Federal High Court to obtain orders of dissolution for the closed banks and to release the Corporation as Liquidator.

The list of the defunct banks and assuming new banks are as follows:

S/N	OLD NAME	NEW NAME	LOCATION
1	MOUAU VASMUCS MICROFINANCE BANK LIMITED	MOVASCO-OP MICROFINANCE BANK LIMITED	ABIA
2	EDUEK MICROFINANCE BANK LIMITED	MINT MICROFINANCE BANK LIMITED	AKWA IBOM
3	INI MICROFINANCE BANK LIMITED	UFORO MICROFINANCE BANK LIMITED	AKWA IBOM
4	NSEHE MICROFINANCE BANK LIMITED	VISTA MICROFINANCE BANK LIMITED	AKWA IBOM
5	ZAWADI MICROFINANCE BANK LIMITED	ZITRA MICROFINANCE BANK LIMITED	AKWA IBOM
6	AKPO MICROFINANCE BANK LIMITED	OGANIRU MICROFINANCE BANK LIMITED	ANAMBRA
7	ANYA MICROFINANCE BANK LIMITED	PIONNER (DIOHAUNOEGO) MICROFINANCE BANK LIMITED	ANAMBRA
8	AWKA MICROFINANCE BANK LIMITED	PLANTINUM MICROFINANCE BANK LIMITED	ANAMBRA
9	ENUGWU-UKWU MICROFINANCE BANK LIMITED	UMUNRI MICROFINANCE BANK LIMITED	ANAMBRA
10	ISI-AKU MICROFINANCE BANK LIMITED	ISIEGO MICROFINANCE BANK LIMITED	ANAMBRA
11	OBOSI MICROFINANCE BANK LIMITED	ADIKE MICROFINANCE BANK LIMITE	ANAMBRA
12	CUB MICROFINANCE BANK LIMITED	UNICOOP MICROFINANCE BANK LIMITED	DELTA
13	UMEJEI MICROFINANCE BANK LIMITED	KOLISA MICROFINANCE BANK LIMITED	DELTA
14	ABC MICROFINANCE BANK LIMITED	OKADA MICROFINANCE BANK LIMITED	EDO
15	EHOR MICROFINANCE BANK LIMITED	EHINOMA MICROFINANCE BANK LIMITED	EDO
16	ESAN MICROFINANCE BANK LIMITED	UBJ MICROFINANCE BANK LIMITED	EDO
17	AMOYE MICROFINANCE BANK LIMITED	IKERE MICROFINANCE BANK LIMITED	EKITI
18	GOLDENFUNDS MICROFINANCE BANK LIMITED	ROYAL EXCELLENT MICROFINANCE BANK LIMITED	ENUGU
19	EVANGEL MICROFINANCE BANK LIMITED	VANGEL MICROFINANCE BANK LIMITED	IMO
20	GREENLAND MICROFINANCE BANK LIMITED	5TT MICROFINANCE BANK LIMITED	IMO
21	ARISE MICROFINANCE BANK LIMITED	SHINE MICROFINANCE BANK LIMITED	LAGOS
22	BANCCORP MICROFINANCE BANK LIMITED	BLOC MICROFINANCE BANK LIMITED	LAGOS
23	BISHOPGATE MICROFINANCE BANK LIMITED	ADVANCLY MICROFINANCE BANK LIMITED	LAGOS
24	BRIDGEWAY MICROFINANCE BANK LIMITED	BWAY MICROFINANCE BANK LIMITED	LAGOS
25	BRIYTH COVENANT MICROFINANCE BANK LIMITED	WESTON–CHARIS MICROFINANCE BANK LIMITED	LAGOS
26	CREDIT AFRIQUE MICROFINANCE BANK LIMITED	KAIZEN MICROFINANCE BANK LIMITED	LAGOS
27	ECHO MICROFINANCE BANK LIMITED	PLUS ONE MICROFINANCE BANK LIMITED	LAGOS
28	EYOWO MICROFINANCE BANK LIMITED	ENTREPRENEUR MICROFINANCE BANK LIMITED	LAGOS
29	FIYINFOLU MICROFINANCE BANK LIMITED	TEERUS MICROFINANCE BANK LIMITED	LAGOS
30	HACKMAN MICROFINANCE BANK LIMITED	LIGHTWAY MICROFINANCE BANK LIMITED	LAGOS
31	HALMOND MICROFINANCE BANK LIMITED	CASA MICROFINANCE BANK LIMITED	LAGOS
32	MANNA MICROFINANCE BANK LIMITED	SAVESIMPLE MICROFINANCE BANK LIMITED	LAGOS
33	MANNY MICROFINANCE BANK LIMITED	SILVEREND MICROFINANCE BANK LIMITED	LAGOS
34	MAYFAIR MICROFINANCE BANK LIMITED	OPTIMUN GLOBAL MICROFINANCE BANK LIMITED	LAGOS
35	MERCURY MICROFINANCE BANK LIMITED	DASH MICROFINANCE BANK LIMITED	LAGOS
36	MONEYWISE MICROFINANCE BANK LIMITED	INDULGE MICROFINANCE BANK LIMITED	LAGOS
37	NETWORK MICROFINANCE BANK LIMITED	UNICORN MICROFINANCE BANK LIMITED	LAGOS
38	NUTURE MICROFINANCE BANK LIMITED	MBAG MICROFINANCE BANK LIMITED	LAGOS
39	ONYX MICROFINANCE BANK LIMITED	DIGITVANT MICROFINANCE BANK LIMITED	LAGOS
40	OROS CAPITAL MICROFINANCE BANK LIMITED	EZPAY MICROFINANCE BANK LIMITED	LAGOS
41	PENIEL MICROFINANCE BANK LIMITED	ZIRCON MICROFINANCE BANK LIMITED	LAGOS
42	PRIMERA MICROFINANCE BANK LIMITED	KOINS MICROFINANCE BANK LIMITED	LAGOS
43	PURPLE MONEY MICROFINANCE BANK LIMITED	WILLOWS MICROFINANCE BANK LIMITED	LAGOS
44	STALLION MICROFINANCE BANK LIMITED	SPRINGFIELD MICROFINANCE BANK LIMITED	LAGOS
45	SUNRISE MICROFINANCE BANK LIMITED	STABLE MICROFINANCE BANK LIMITED	LAGOS
46	SURBPOLITAN MICROFINANCE BANK LIMITED	CHARIS MICROFINANCE BANK LIMITED	LAGOS
47	VERDANT-CAPITAL MICROFINANCE BANK LIMITED	VERDANT MICROFINANCE BANK LIMITED	LAGOS
48	ZIKADO MICROFINANCE BANK LIMITED	AVEST MICROFINANCE BANK LIMITED	LAGOS
49	AIYEPE MICROFINANCE BANK LIMITED	SPRINGVILLE MICROFINANCE BANK LIMITED	OGUN
50	INTERLAND MICROFINANCE BANK LIMITED	NEXTON MICROFINANCE BANK LIMITED	OGUN
51	STAR MICROFINANCE BANK LIMITED	SOSA MICROFINANCE BANK LIMITED	OGUN
52	ZIGATE MICROFINANCE BANK LIMITED	KATSU MICROFINANCE BANK LIMITED	OGUN
53	FASILIDAPO MICROFINANCE BANK LIMITED	OURPASS MICROFINANCE BANK LIMITED	ONDO
54	NEWAGE MICROFINANCE BANK LIMITED	CASHBRITE MICROFINANCE BANK LIMITED	ONDO
55	BOLUWADURO MICROFINANCE BANK LIMITED	AFOLE MICROFINANCE BANK LIMITED	OSUN
56	IBA MICROFINANCE BANK LIMITED	BANKEASY MICROFINANCE BANK LIMITED	OSUN
57	IDESE MICROFINANCE BANK LIMITED	SOFAJ MICROFINANCE BANK LIMITED	OSUN
58	OLA MICROFINANCE BANK LIMITED	RUN MICROFINANCE BANK LIMITED	OSUN
59	OLOFIN MICROFINANCE BANK LIMITED	DSC MICROFINANCE BANK LIMITED	OSUN
60	OLOFIN-OWENA MICROFINANCE BANK LIMITED	AVANTUS MICROFINANCE BANK LIMITED	OSUN
61	OSOGBO MICROFINANCE BANK LIMITED	BOLD MICROFINANCE BANK LIMITED	OSUN
62	FIRSTINDEX MICROFINANCE BANK LIMITED	RICIA CAPITAL MICROFINANCE BANK LIMITED	OYO
63	JOINT FARMERS MICROFINANCE BANK LIMITED	TELLERONE FI MICROFINANCE BANK LIMITED	OYO
64	OLOGBON MICROFINANCE BANK LIMITED	AKATA MICROFINANCE BANK LIMITED	OYO
65	IWOAMA MICROFINANCE BANK LIMITED	TENN BANK LIMITED	RIVERS
66	ADAMAWA HOMES & SAVINGS LTD	ADAMAWA MORTGAGE BANK LTD	ADAMAWA
67	MAUTECH MICROFINANCE BANK LIMITED	MODIBBO ADAMA UNIVERSITY MICROFINANCE BANK LIMITED	ADAMAWA
68	MICHIKA MICROFINANCE BANK LIMITED	PREMIER MICROFINANCE BANK LIMITED	ADAMAWA
69	BIYAMA MICROFINANCE BANK LIMITED	DABTIKIR MICROFINANCE BANK LIMITED	ADAMAWA
70	MUSHARAKA MICROFINANCE BANK LIMITED	MUAMALA MICROFINANCE BANK LIMITED	NIGER
71	DANGIZHI MICROFINANCE BANK LIMITED	METRO EXPRESS NETWORK MICROFINANCE BANK LIMITED	NIGER
72	EDUMANA MICROFINANCE BANK LIMITED	EDUSOKO MICROFINANCE BANK LIMITED	NIGER
73	MAINSAIL MICROFINANCE BANK LIMITED	DUXBANK MICROFINANCE BANK LIMITED	FCT
74	ALLY MICROFINANCE BANK LIMITED	ULTRAVIOLET MICROFINANCE BANK LIMITED	FCT
75	BUSINESS SUPPORT MICROFINANCE BANK LIMITED	TRANSPAY MICROFINANCE BANK LIMITED	FCT
76	THE DANIELS GLOBAL MICROFINANCE BANK LIMITED	SWIFTTRUST MICROFINANCE BANK LIMITED	FCT
77	FIRST MULTIPLE MICROFINANCE BANK LIMITED	KOBOWEB MICROFINANCE BANK LIMITED	FCT
78	GRASSROOTS MICROFINANCE BANK LIMITED	MIA MICROFINANCE BANK LIMITED	KANO
79	BLUEWHALES MICROFINANCE BANK LIMITED	ELLINGTON MICROFINANCE BANK LIMITED	PLATEAU
80	JOSAD MICROFINANCE BANK LIMITED	PAYREP MICROFINANCE BANK LIMITED	NASARAWA
81	BIPC MICROFINANCE BANK LIMITED	NOVUS MICROFINANCE BANK LIMITED	BENUE
82	JAMIS MICROFINANCE BANK LIMITED	STRAIT SAHARA MICROFINANCE BANK LIMITED	BENUE
83	NARICT MICROFINANCE BANK LIMITED	BASAWA MICROFINANCE BANK LIMITED	KADUNA
84	FAHIMTA MICROFINANCE BANK LIMITED	CEDRUS MICROFINANCE BANK LIMITED	KADUNA
85	MABINAS MICROFINANCE BANK LIMITED	AL’HIKMA MICROFINANCE BANK LIMITED	KADUNA
86	NEW WORLD MICROFINANCE BANK LIMITED	BKD NEW MICROFINANCE BANK LIMITED	JIGAWA
87	NORTHBRIDGE MICROFINANCE BANK LIMITED	ESTEEM MICROFINANCE BANK LIMITED	KANO
88	OMU-ARAN MICROFINANCE BANK LIMITED	OLOMU APERAN MICROFINANCE BANK LIMITED	KWARA
89	CHERISH MICROFINANCE BANK LIMITED	COOL MICROFINANCE BANK LIMITED	KATSINA

Empowering Mental Health: Stanbic IBTC Pension Managers Completes Landmark Renovation in Enugu

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Business Journal

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16/04/2026

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Building on its track record of community-focused projects, including the renovation of Government Day Secondary School in Akamkpa, Cross River State, Stanbic IBTC Pension Managers has completed a significant renovation of the Federal Neuropsychiatric Hospital, Enugu; reinforcing its commitment to impactful interventions across health and education in Nigeria.

The renovation has revitalised both the hospital’s external and internal spaces; transforming it into a safer, more comfortable and welcoming environment for patients, healthcare workers, and visitors. The hospital’s outdoor areas have been landscaped with greenery, while a covered canopy has been installed to create a more befitting sit-out space for patients and staff.

With the upgrade, a 20-meter perimeter fence now facilitates a more secure environment; while a newly installed borehole ensures reliable access to water. In addition to improving the facility’s functionality, these improvements also contribute to a more serene and therapeutic environment.

Inside the hospital, the central and extension wards have undergone extensive refurbishment. Floors have been polished; walls screeded and freshly painted; and furniture upgraded to include new ward beds, side drawers, window treatments, nurses’ desks, and televisions.

Damaged items including ceiling fans, doors, and lighting fixtures, have been replaced; while fumigation exercise was carried out to ensure a hygienic and safe environment. The toilet block, comprising six toilets, has also been thoroughly modernised with new plumbing, sanitary ware, electrical installations and tiling. These interventions combine to create a facility that meets higher standards of patient care, comfort, and safety.

Commenting on the renovation, Olumide Oyetan, Chief Executive, Stanbic IBTC Pension Managers, said, “Access to quality healthcare and education are cornerstones of societal progress. This renovation reflects our dedication to improving mental health infrastructure and providing a supportive environment for patients and staff at the Federal Neuropsychiatric Hospital in Enugu. In 2024, we undertook a similar initiative at the Yaba Psychiatric Hospital in Lagos. These projects together demonstrate our commitment to enhancing both health and education across Nigeria; ensuring our interventions have a lasting and meaningful impact.”

This project highlights Stanbic IBTC Pension Managers’ consistent commitment to corporate social responsibility; demonstrating how sustained investments in mental health infrastructure can address critical needs and improve community outcomes.

By strategically selecting facilities for renovation and carefully executing comprehensive improvements, the company continues to set a benchmark for socially responsible corporate interventions in Nigeria.

BOOK REVIEW: Personal Cost Control Strategies

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Business Journal

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16/04/2026

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Author: Festus Abiodun Adebisi

Publisher: Maximax Inc.

Reviewer: Goke Ilesanmi

Many people want to be financially comfortable or even wealthy. But the reality is that achieving this desire requires following some financial principles, one of which is the ability to effectively manage or control personal costs. That is, the costs we incur in our daily lives to maintain our lifestyle and meet our basic needs. The necessity of this strategic financial practice informs my decision to review this book entitled “Personal Cost Control Strategies” with the subtitle ‘Some Common Strategies on How to Control Your Personal Costs’.

It is written by Mr Festus Abiodun Adebisi, a Canada-based versatile professional with several years of experience in accounting and finance. Adebisi who also authors the book “The Banker’s Fortress”, is a Certified Professional Accountant, Certified General Accountant, Certified Forensic Accountant, Certified Fraud Examiner and Certified Financial Advisor. He is also a Fellow of the Institute of Chartered Accountants of Nigeria, an Associate member of the Chartered Institute of Bankers of Nigeria (CIBN) and holds a Master of Business Administration (MBA), with specialisation in Marketing, from the University of Nigeria, Nsukka.

Adebisi is currently a Faculty Member at Southern Alberta Institute of Technology, Calgary, Alberta, Canada. He is also the Chief Executive Officer of Maximax Inc., a company that specialises in fraud prevention consulting, financial education, risk management and controls training.

According to the author, this book has been written as a crucial guide on how to handle the complications of contemporary financial dynamics where expenses often overshadow income. Adebisi says this book is part of the ‘Building Your Financial Fortress’ series and also serves as a fundamental toolkit for anyone that desires to fortify his or her financial knowledge. This Certified Professional Accountant stresses that the book has been designed to provide readers with the knowledge and strategies required to take control of their finances and consequently enable them to live lives of prosperity and stability.

Adebisi says this book examines the power of budgeting, how to convert it from a mere concept into a practical roadmap for readers’ financial journey. According to this Certified Financial Advisor, the book elucidates the process of tracking expenses and helps readers to discern between needs and wants as well as how to avoid unnecessary spending without sacrificing their lifestyle.

The author submits that the book will equip readers with varied approaches to handling the intricacies of financial management, from negotiating contacts to capitalising on discounts, utilising emergency funds and learning inventory management. Adebisi adds that this book is a catalyst for change, designed to instil confidence in readers and pave the way for a secure and financially-stable future.

Structurally, this book is segmented into 12 chapters. Chapter one is entitled ‘Necessity for Cost Control’. In the words of this Certified Forensic Accountant here, “Managing personal finances in today’s fast-paced world, where many people struggle to control them, has become an important personal responsibility that cannot be overemphasised. Most people are in a poor income bracket, living paycheck to paycheck, while facing increasing expenses in the face of an increasing inflation rate in most economies.”

He adds that many are burdened by debt and financial uncertainty that often cause depression. The author says your ability to control your costs is necessary. He stresses that you also need financial education skills for empowerment to secure your future, reduce stress and motivate yourself to achieve your financial objectives. According to Adebisi, the major purpose of this book is to guide you through the essential principles of effective cost management.

This author says the various strategies outlined in this book serve as necessary guides that can be mastered to help you develop great confidence to navigate financial challenges, make informed financial decisions and ultimately secure your financial future.

In the words of this Certified Fraud Examiner, “We need to start acting on the strategies as, in most cases, the importance of controlling costs is often overshadowed by uncertainties. As a solution, the journey to financial stability begins with a single step: taking control of your costs.”

Chapter two has the thematic focus of budgeting. Here, Adebisi says ‘budgeting’ is a word that gets tossed around a lot. He submits that many people believe budgeting means restriction, boredom and giving up your pleasures. He says that is where a lot of people go wrong because budgeting should not take people on a road to sacrificing everything to save up for the future. Adebisi enlightens that without budgeting, one is not really managing money but merely gambling with it and hoping it will stretch enough to cover rent, food, bills and maybe something extra. He says hope is not a strategy because it does not pay bills or build savings.

This Certified General Accountant explains that budgeting is about planning your money before it moves. He emphasises that you should think of it like a map for your cashflow where you forecast where your money will come from and where it will go over a certain period of time, usually monthly or yearly. “Once your plan is in place, you track actual income and expenses against it. This step – comparison – is critical. If you’re beginning in more than you thought or spending less, that’s favourable. But if the opposite happens, you’ve got to figure out why, fast,” guides this author.

In chapters three to five, Adebisi analytically examines the concepts of discounts, prioritising expenses and negotiating contracts respectively. As regards discounts, he educates that it is paradoxical that the most expensive purchases often start with a discount. This Certified Financial Advisor adds that a discount feels like a win, a little rush of satisfaction and even control. As far as prioritising expenses is concerned, he emphasises that you cannot do everything at once, adding that that is the first rule of money.

The author says no matter what you earn, there will always be more things to spend on than the available money. On contract negotiation, Adebisi explains that this constitutes a major cost-control measure than can bring huge savings and greater effectiveness in operations. He adds that it requires skills like effective communication, emotional intelligence, persuasion, problem-solving and relationship management.

Chapter six is tagged ‘Eliminating Unnecessary Expenses’. According to this Chartered Banker here, eliminating unnecessary spending such as unused subscriptions, regular takeout and other forms of unnecessary travels, is a clever way of keeping costs down. He says the prudent process begins with examining every single place that you spend money, understanding what really matters, casually reviewing the expenses and tracking them. In Adebisi’s words, “If you are doing this personally or for a business, it is possible to save due to reduced costs on things that you do not actually need, making things run smoothly.”

In chapters seven to nine, this author beams his analytical searchlight on the concepts of business expenses, monitoring home inventory and regularly reviewing expenses respectively. He says business-related expenses can be used as a cost-control strategy. Adebisi explains that for businesses, many categories of expenses are slowed down for tax purposes and businesses can significantly save on these if they incur expenses and report them as business expenses.

As regards monitoring home inventory, this Certified Financial Advisor educates that it is the act of tracking what you have in possession and it may be beneficial when you use it to manage your personal property, budgeting or going on a future buying spree. As far as regular review of expenses is concerned, the author stresses that practising regular review of expenses is an important strategy to minimise costs through enhancement of effective financial management.

Chapter ten is conceptually christened ‘Use of Emergency Funds’. In the words of Adebisi here, “Emergency funds are reserves that you save as a way of aiding you in case of hard times, such as unexpected bills or financial hits. Sometimes, plans do not work as expected, hence such kind of back up. An emergency fund can help you solve problems, whether they relate to, for example, medical bills, a car repair, or your ‘income gap’. It is like your safety net. It allows you to get by and prevents you from needing to use the more expensive alternatives of a loan or credit cards.”

In chapters 11 and 12, the author discusses the concepts of outsourcing, and e-commerce and online purchases. He says outsourcing is about contracting out certain business processes or functions to external companies or service providers as opposed to handling them internally. Adebisi stresses that many organisations typically outsource some activities to save time, reduce operational costs, increase efficiency and focus on their areas of core competencies. As regards e-commerce, the author explains that it is the act of goods or services being sold or purchased online, adding that it is not only convenient in the modern-paced interconnected world but also a major component of the process of modern business.

By way of conceptual assessment, this book has depth of quality contents. Or better still, there is conceptual attention to details, thereby making the book to be intellectually exciting. The thematic components of the book also reflect many years of professional experience and proficiency of the author as a professional accountant and finance expert.

Stylistically, this book is superlative. The author maintains consistency of usage of the American English variant and simplicity of language in his discussions. Linguistic simplicity is expected because of Adebisi’s background as a lecturer who understands the importance of clarity to comprehension. What’s more, the outer front cover design is visually-appealing and reinforces the title of the book while the layout of inside pages is professionally handled. Graphic illustrations are accurately employed to reinforce the concepts and facilitate easy understanding of the book. References are also added to authenticate most of the ideas articulated in the book.

However, just as it is said in Literary Criticism that no work of art is perfect, some errors are noticed that need to be corrected in the next edition. For instance, “Acknowledgment” (page iii) should correctly be “Acknowledgements”. Also contracted forms such as “Shouldn’t” instead of “Should not”, “You’ve” instead of “You have”, etc., need to be corrected in the next edition. The use of the addition symbol or ampersand “&” in sub-headings instead of “and” called Coordinating Conjunction of Adding in Syntax, should equally be corrected in the next edition.

On the whole, this book is a masterpiece. It is a must-have and must-read for anyone that desires to achieve financial stability and/or become wealthy through effective control of personal costs or finances.

Ecobank Adire Lagos Experience Returns in June to Celebrate Nigerian Craft, Pan‑African Cultural Exchange

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Business Journal

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16/04/2026

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Ecobank Nigeria, a subsidiary of the leading Pan‑African financial services group, Ecobank Group, has announced the fifth edition of the Adire Lagos Experience, its flagship cultural and creative industry showcase. The event will take place from June 11–14, 2026, at the Ecobank Pan African Centre (EPAC), Victoria Island, Lagos.

The 2026 edition is themed “Threads Across Borders,” celebrating the depth and global resonance of Adire as a uniquely Nigerian art form, while positioning it within Africa’s broader textile and cultural narrative. Rooted in Nigeria’s rich heritage, the Adire Lagos Experience continues to serve as a gateway for cross‑border cultural exchange, reinforcing Ecobank’s Pan‑African vision through culture‑led commerce.

The four‑day event will feature over 100 vendors, with the exhibition remaining predominantly Nigerian, reflecting the country’s leadership as the home and heartland of Adire production. To enrich diversity and continental collaboration, 10 percent of participating vendors will come from outside Nigeria, offering complementary African textile expressions and creative perspectives that foster knowledge exchange and cross‑border partnerships.

Speaking on the upcoming event, Omoboye Odu, Head, SMEs, Partnerships and Collaborations at Ecobank Nigeria, highlighted the intentional balance between cultural authenticity and Pan‑African inclusion.

“Adire is proudly Nigerian, and this platform remains firmly anchored in celebrating our local artisans and creative enterprises. At the same time, Ecobank’s Pan‑African mandate allows us to thoughtfully open the space to creators from other African markets, encouraging collaboration, shared learning, and trade connections that elevate African craftsmanship as a whole,” she said.

Beyond the exhibition booths, the Adire Lagos Experience 2026 will offer indigenous cuisine, African music and cultural performances, alongside curated networking and business engagement sessions designed to strengthen linkages across the Adire and wider creative value chain—from artisans and designers to merchants, buyers, and cultural enthusiasts.

As part of its ongoing commitment to supporting SMEs and the creative economy, Ecobank has opened registration for prospective exhibitors, with selected applicants eligible to receive complimentary exhibition booths. Applications close on April 28, 2026.

Through the Adire Lagos Experience, Ecobank continues to champion Nigeria’s cultural leadership while advancing Pan‑African collaboration—transforming heritage into enterprise and reinforcing its role as a truly Pan‑African institution driving impact beyond banking.

The Swift Ascendant Lands in Abuja: Martell’s Monumental Journey of Audacity Reaches the FCT

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Business Journal

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16/04/2026

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After kicking off in Lagos, Martell’s nationwide campaign, Martell On The Move, has officially arrived in Abuja. The road trip features The Swift Ascendant, a monumental 14-foot art installation that is traveling across the country to connect with people through local art and nightlife.

The installation is a physical tribute to the Swift, Martell’s iconic sigil and a symbol of freedom and constant motion. This bird represents a spirit that never stands still, much like the “Standout Swift”. A Standout Swift is anyone who embodies that same drive, rising above the ordinary to redefine their own path.

The Swift Ascendant is the result of a collaboration with celebrated Nigerian artist Dotun Popoola. What makes this piece truly stand out is its soul: it was built entirely from discarded and scrap metal.

By giving new life to old materials, Popoola and Martell have created a physical reminder that reinvention is a choice. It is a nod to a more conscious kind of luxury, one that finds beauty in what has been left behind and proves that great things can be built sustainably.

The Abuja leg of the journey hit a major milestone on March 21st at Fuego Lifestyle. It wasn’t just another event on the calendar; it was a full immersion into the Martell world. Guests at Fuego experienced the brand’s energy through curated music, signature cocktails, and a vibe that matched the industrial, edgy aesthetic of the sculpture itself.

The event served as the perfect introduction for Abuja’s social scene to see exactly how Martell is blending heritage with a modern, gritty edge. “We brought The Swift Ascendant to Abuja because the city understands ambition, audacity, and what it means to push boundaries,” said Evane Chenuet, Marketing Director at Pernod Ricard Nigeria.

“Working with Dotun Popoola allowed us to create something that feels raw and real, reflecting the House of Martell’s three-hundred-year legacy of challenging the status quo. Seeing it at Fuego Lifestyle showed that when art and atmosphere align, the experience isn’t just visual, it becomes something people truly feel”.

The campaign is far from over. Martell is now challenging Abuja residents to keep their eyes peeled as the installation moves through the city. If you happen to come across the 14-foot metal swift during your commute or a night out, the brand wants you to be part of the story.

Join the Movement: Capture your own photos or videos of the installation and share them on social media using the hashtags #MartellOnTheMove and #BeTheStandoutSwift. You can follow @MartellNigeria to see where the tour is headed next.

PalmPay, TeamApt Sponsor 2026 Payments Forum Nigeria (PAFON 3.0)

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Business Journal

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16/04/2026

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Payments Forum Nigeria (PAFON), the country’s leading industry platform for digital finance stakeholders, has announced PalmPay and TeamApt as key sponsors of the third edition of its flagship event, PAFON 3.0.

Scheduled for Friday, April 24, 2026, at the Oriental-Hotel, the high-level gathering will convene over 600 industry professionals and more than 20 expert speakers from banking, fintech, telecommunications, and regulatory institutions.

With a central focus on emerging trends shaping digital finance, PAFON 3.0 will serve as a critical platform for collaboration on the future of digital payments, cybersecurity, and the transformative role of Artificial Intelligence (AI) in financial services.

As Nigeria continues to lead Africa’s digital payments evolution, this year’s forum will emphasize building a sustainable and inclusive financial ecosystem.

A highlight of the event is the flagship session themed “Fair Digital Payments as a Catalyst for Deepening Financial Inclusion in Nigeria,” which will explore how technology can expand access to financial services for millions of underserved Nigerians.

Speaking on the significance of the sponsorships, Chike Onwuegbuchi, Co-convener of PAFON and Chairman of the Nigeria Information Technology Reporters’ Association, said:

“The support from PalmPay and TeamApt underscores the growing importance of collaborative action in shaping Nigeria’s digital payments future. These are organisations at the forefront of innovation and inclusion, and their involvement reinforces PAFON’s mission to drive a fair, accessible, and technology-driven ecosystem.”

“PAFON 3.0 is designed as a policy-industry convergence point. Having leading players like PalmPay and TeamApt on board strengthens the quality of conversations and outcomes we expect from this year’s forum,” he added.

PalmPay is one of Africa’s leading mobile financial services platforms, providing millions of users with seamless access to payments, transfers, savings, and other digital financial solutions. With a strong footprint in Nigeria, PalmPay has played a key role in advancing financial inclusion through user-friendly and accessible mobile technology.

TeamApt, a prominent Nigerian fintech company, is widely recognized for building robust financial infrastructure that powers digital banking and payment services across the country.

Through its innovative solutions for businesses, agents, and financial institutions, TeamApt continues to drive efficiency and scale within Nigeria’s payments ecosystem.

Key Highlights of PAFON 3.0 Include:

Thought Leadership Panels: Discussions on AI, digital commerce, and regulatory evolution
Regulator Engagement: Participation from agencies including the Central Bank of Nigeria and Nigerian Communications Commission
Exhibition & Demos: Showcasing new fintech and banking innovations
B2B Networking: Strategic partnership opportunities across the payments value chain

PAFON 3.0 will feature keynotes from Prof. Adewale Peter Obadare, founder/CVO of Digital Encode Limited, and Dr. Jameelah Sharrieff-Ayedun, Vice President of the Governing Council of the Fintech Association of Nigeria, and CEO, CreditRegistry.

Other Confirmed Speakers include, Mr. Chika Nwosu, Managing Director, PalmPay (Nigeria), Mr. Dennis Ajalie, Chief Executive Officer, TeamApt; Uche Uzoebo, MD/CEO, Shared Agent Network Expansion Facilities (SANEF Limited): Special Guest of Honour; Mojeed Abayomi Agboola, National President, Financial Inclusion Agents Multipurpose Cooperative Society (FIAMCS); Dr. Obioha Otti, National President, Association of Mobile Money and Bank Agents in Nigeria (AMMBAN); Ibirogba Oluwagunwa, Chairman Lagos Chapter of AMMBAN; Chukwuemeka Enoch, Founder, Lagos Blockchain Week, and Sarafadeen Fasasi, National President, Association of Financial Inclusion Agents of Nigeria (AFiAN), amongst others.

How to participate:

Participation at PAFON 3.0 is free, however, pre-registration is now open to industry stakeholders, tech enthusiasts, and media via: https://forms.gle/QnDUy9Wc3pC1FMpZ8.

NIA to Honour Past Governing Council Members

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14/04/2026

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The Nigerian Insurers Association (NIA) is pleased to announce plans to honour its past Governing Council Members and Director General in recognition of their invaluable contributions to the growth and development of the Association.

This initiative underscores the Association’s deep appreciation for the visionary leadership, dedication, and selfless service of those who have steered the affairs of the NIA over the years. Their efforts have laid a solid

foundation for the Association’s achievements and strengthened its role as the collective voice of the insurance industry.

The event is scheduled to take place on Thursday, April 30, 2026, at the Insurers House, 42 Saka Tinubu Street, Victoria Island, Lagos, under the theme, “Service as the Cornerstone of Leadership and Institutional Legacy.”

Speaking on the significance of the initiative, the Chairman of the NIA, Mr. Kunle Ahmed, noted that honouring past Governing Council Members and Director Generals is not only a mark of respect but also a way of preserving the Association’s rich legacy.

He said that their guidance and commitment have been instrumental in shaping policies, fostering industry collaboration, and promoting public confidence in insurance as a tool for national development.

Kunle emphasised that the structures laid down by the past leaders, the values they upheld, and the sacrifices they made continue to resonate in the Association’s present achievements.

He noted: “Institutions are built over time, but their true strength lies in the people who devote themselves in service.

“This event is our way of pausing to honour those whose leadership and sacrifices created the pathway we now walk. Their legacy is not confined to history—it lives on in every milestone we celebrate today.”

The NIA Chairman further stated that by celebrating the Association’s past leaders, the NIA preserves its history, reinforces its values, and set a clear benchmark for future leadership.

According to him, the progress the Association enjoy today is firmly anchored in the foresight and dedication of its past leaders.

“Without question, they remain the bedrock of the NIA’s enduring relevance and success, he said.”

The ceremony will bring together industry stakeholders, regulators, and partners to celebrate these distinguished leaders and reaffirm the Association’s commitment to excellence, innovation, and sustainable growth.

The NIA looks forward to this memorable occasion as it continues to build on the foundations laid by its past leaders while charting new paths for the future of insurance in Nigeria.

Nigeria Hosts 1st ECOWAS Brown Card Zonal Meeting 2026 in Lagos

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14/04/2026

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‎The Commissioner for Insurance, National Insurance Commission, Mr. Olusegun Ayo Omosehin, attended the 1st Zonal Meeting of 2026 hosted by the Nigerian National Bureau of the ECOWAS Brown Card Insurance Scheme in Lagos from April 13–16, 2026.

‎Theme: “The Digital Divide: Managing Change in the Brown Card Operational Strategy for Effective Cross-Border Claims Settlement.”

‎Stakeholders from across West Africa will meet to boost digital integration, speed up cross-border claims, and harmonise motor insurance operations.

The ECOWAS Brown Card guarantees third-party compensation for road accident victims involving foreign motorists in member states.

Stanbic IBTC Bank Sponsors 2026 Lagos Polo Easter Tournament

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14/04/2026

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Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, made a remarkable impact at the 2026 Easter Cup, hosted at the prestigious Lagos Polo Club. This year’s tournament was not only about exciting polo matches; it also highlighted the strong partnerships that make the event lively.

The event transformed the hallowed grounds of the Lagos Polo Club into a vibrant celebration of Nigerian excellence, drawing corporate leaders, entrepreneurs, and families from all walks of life. The inclusive atmosphere allowed attendees to engage in the “Game of Kings,” emphasising accessibility for everyone and reinforcing the club’s appeal as a meeting point for diverse social and business communities.

Commenting on the tournament, Eric Fajemisin, Executive Director, Corporate and Investment Banking, Stanbic IBTC Bank, said: “As we celebrate the vibrancy of this year’s Easter Cup, the spirit of polo transcends mere competition. This event symbolises our commitment to fostering community, collaboration, and excellence in every facet of life. At Stanbic IBTC, we take pride in our longstanding partnership with the Lagos Polo Club, as it reflects our dedication to supporting initiatives that unite and uplift diverse segments of society. Together, we are not just promoting a sport; we are building lasting relationships that empower individuals and businesses alike.”

Adeyemo Alakija, President of the Lagos Polo Club, expressed pride in this partnership, describing it as a journey rather than a mere corporate sponsorship.

“We are ever so elated to be partnering with Stanbic IBTC. We have long-standing relationship with them, dating back to when the bank’s Patron and former Chairman, Mr Atedo Peterside, was a player himself. Their continued support fosters vibrancy within our club, making Stanbic IBTC the best sponsor we could hope for. There’s a lot more to come, so stay tuned,” Alakija said.

Mohammed Sani Dangote, Captain of the Lagos Polo Club, highlighted that the partnership represents more than just a brand; it embodies a shared vision for a promising future.

“The outlook for our collaboration between Stanbic IBTC and Lagos Polo Club is incredibly positive. This partnership includes our players, who are essential members of the Stanbic IBTC family. We are also looking forward to some exciting developments with the Polo Club in partnership with Stanbic IBTC, and we encourage everyone to stay tuned for what’s to come. Additionally, we are dedicated to nurturing young talent and exploring various other exciting opportunities. We truly could not have asked for a better alignment in values, culture, and vision between our two organisations. We sincerely appreciate this collaboration.”

The impact of the Easter Cup extended beyond the polo matches themselves and into the professional community.

Biyi Adekunbi, Real Estate Investment Manager at ARM, commented on the networking opportunities the event created.

“It’s a platform for different professionals to converge and interact. Beyond sport, business relationships are forged, allowing stakeholders to share ideas and promote polo. The Lagos Polo Club event plays an important role in creating these connections,” Adekunbi stated.

Over the years, the partnership between the Lagos Polo Club and Stanbic IBTC has cultivated a community bonded by shared values of tradition, excellence, and interconnectedness.

The tournament’s inclusive nature reflects the social fabric of Lagos, drawing diverse groups together and fostering integration that opens new avenues for collaboration and growth. This year, the tournament culminated in an amazing finale, with the Easter Bonnets team emerging victoriously. Their skillful manoeuvres and seamless coordination ultimately led them to claim the championship title, showcasing not only their talent but also the spirit of unity that the tournament embodies.

For Stanbic IBTC, this signifies a commitment to unity and empowerment across all segments of society. By investing in sports and supporting the next generation, Stanbic IBTC helps ensure the Lagos Polo Club’s legacy remains vibrant within the community it serves.

Heirs Insurance Group, United Capital Partner on Self-Care, Wealth Event for Ambitious Women

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13/04/2026

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Heirs Insurance Group, Nigeria’s fastest-growing insurance group, and United Capital Plc, a leading Pan-African investment bank and financial services group, recently hosted the Yoga and Money Meet Up, an exclusive wellness and financial empowerment event for ambitious women.

The event, which was held in Lagos, offered a curated experience combining guided yoga and stress management sessions with expert-led conversations on insurance, investment and asset protection. The event reinforced Heirs Insurance Group’s and United Capital’s commitment to making financial wellness relevant and accessible to Nigerian women.

Speaking on the initiative, Ifesinachi Okoli-Okpagu, Chief Marketing Officer at Heirs Insurance Group, underscored the strong link between insurance and wellness.

“Self-care is not just about indulgence; it is about making deliberate choices that safeguard one’s physical, mental, and financial well-being – and insurance is fundamental to that. For many women juggling careers, businesses, and family, this event addresses a significant pain-point: how we protect our assets while still juggling life.”

She introduced HerMotor insurance plan, designed for ambitious women who need more than just insurance. The unique product offers comprehensive motor coverage against accidents, fire, theft, and other unforeseen incidents that cause loss to the policyholder’s car. An added benefit is the 24/7 emergency roadside assistance for female car owners during car breakdowns arising from accidents or mechanical faults.

The first-of-its-kind solution in the industry is delivered in partnership with AA Rescue, and includes a robust reward programme, where customers can access discounts from spas, wellness programmes, and more.

Dr. Odiri Oginni, Managing Director, United Capital Asset Management, added that the collaboration reflects a shared commitment to women’s empowerment.

“Empowerment is at the core of what we do, and co-creating on an initiative that directly addresses the financial realities facing Nigerian women further emphasises this. We recognise that financial independence and personal wellness are deeply interconnected, and by creating opportunities that bring both together, we are reinforcing our commitment to empowering women to confidently pursue and achieve their dreams. This vision informed the creation of our Wealth for Women Fund, which provides women with a secure and accessible avenue to invest smartly and build long-term financial security.”

The Yoga and Money Meet Up reflects a joint vision to empower Nigerian women through financial education and protection.

About Heirs Insurance Group

Heirs Insurance Group is the insurance subsidiary of Heirs Holdings, the leading pan-African investment company, with investments across 24 countries and four continents. With a rapidly expanding retail footprint and an omnichannel digital presence, Heirs Insurance Group serves both corporate and individual customers across Nigeria.

United Capital Plc is a leading Pan-African financial and investment services group providing bespoke, value-added solutions to governments, corporations, and individuals across Africa.

With operations in Nigeria, Ghana, and Côte d’Ivoire, and a growing pan-African footprint, the Group leverages technology, specialist expertise, and retail-led platforms such as InvestNow to deliver cutting-edge financial solutions.

United Capital has been recognised by the Financial Times as one of Africa’s fastest-growing companies for three consecutive years.

NAICOM Pledges Commitment to Labour Standards, Staff Welfare

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13/04/2026

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The National Insurance Commission (NAICOM) reaffirms its strong commitment to maintaining high labour standards and promoting the welfare of all staff. As a forward‑looking regulatory institution, the Commission recognises that its effectiveness depends largely on the professionalism, dedication, and well‑being of its workforce.

Since the current leadership assumed office, NAICOM has continued to take deliberate steps to improve working conditions and enhance staff welfare. These efforts include strengthening internal processes, providing a supportive and enabling work environment, and promoting a workplace culture built on fairness, productivity, mutual respect, and accountability.

Staff welfare remains a key priority of the Commission. In recent years, noticeable progress has been made in areas such as training and capacity development, career growth, workplace improvements, and performance‑based advancement. These initiatives reflect NAICOM’s commitment to building a skilled, motivated, and results‑driven workforce aligned with its strategic goals.

NAICOM operates a transparent and merit‑based human resource system in full compliance with public service rules and applicable regulatory frameworks. Promotion exercises are conducted strictly in line with due process and are based on clear, objective, and verifiable criteria. All staff are treated equally, with no room for favouritism or bias.

The Commission also places high importance on discipline, integrity, and positive working relationships across all levels. NAICOM remains committed to fostering a work environment guided by equity, transparency, and non‑discrimination in all engagements and decisions.

Management remains open to constructive dialogue and engagement. Staff are encouraged to make use of established internal mechanisms for communication and dispute resolution, rather than actions that may disrupt operations or affect public confidence in the Commission.

NAICOM assures all stakeholders of its continued investment in staff welfare, professional development, and institutional excellence, in line with global best practices and its statutory responsibilities. The Commission remains committed to creating a harmonious and productive work environment while fulfilling its mandate to regulate, supervise, and strengthen Nigeria’s insurance industry.

Earlier today, there was an attempt by certain individuals to undermine the credibility of the current leadership through external actors. We are pleased to state that this effort was unsuccessful, as it was firmly rejected by disciplined and committed members of staff who declined to be associated with unfounded claims.

The situation has since been effectively resolved, and normalcy has been fully restored.

All operations remain uninterrupted, and NAICOM continues to uphold the highest standards of professionalism, fairness, dedication, and accountability in service to the Nigerian public.

Unitrust Insurance Delivers 27.8% Premium Growth in Q1 2026, Boosts Claims Payout by 77.3% to Strengthen Customer Confidence

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13/04/2026

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Unitrust Insurance Company Limited has announced an impressive financial performance for the first quarter of 2026, recording strong year-on-year growth in both premium income and claims settlement—further reinforcing its position as a reliable and customer-focused insurer.s

The company posted a Gross Written Premium of ₦9,929,753,131.01 in Q1 2026, representing a 27.8% increase compared to the ₦7,769,701,883.51 recorded in Q1 2025. This notable growth underscores the effectiveness of Unitrust’s strategic initiatives, expanding market reach, and growing customer confidence in its offerings.

In a powerful demonstration of its commitment to customers, Unitrust Insurance paid out a total of ₦1,559,273,470.37 in claims in Q1 2026, marking a significant 77.3% increase from the ₦879,354,446.77 paid in Q1 2025. This substantial rise in claims settlement highlights the Company’s readiness to stand by its customers and deliver on its promises without delay.

Speaking on the results, the Managing Director, Mr. Arowojolu Adedayo reaffirmed the Company’s dedication to reliability and trust:

“Insurance is ultimately about trust, and at Unitrust, we take that responsibility seriously. Our growth in premium reflects the confidence our customers have in us, while our increased claims payout demonstrates our unwavering commitment to being there when it matters most.”

The dual growth in premium income and claims payout reflects a balanced strategy—one that not only drives business expansion but also prioritizes customer satisfaction and peace of mind. At a time when trust and responsiveness are critical in the insurance industry, Unitrust continues to distinguish itself through prompt claims settlement and innovative, customer-centric solutions.

As the company builds on this strong start to the year, it remains focused on deepening customer relationships, enhancing service delivery channels, and delivering value that goes beyond insurance coverage.

About Unitrust Insurance Company Limited

Unitrust Insurance is a leading non-life insurance company in Nigeria, known for its speed in claims settlement, reliability, and customer-first approach.

The company remains committed to delivering exceptional value through innovative products and superior service delivery.

Mutual Benefits Highlights Power of Structured Financial Planning as Nigerians Struggle to Save

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09/04/2026

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A growing number of Nigerians are struggling to build sustainable savings habits, leaving many without a financial safety net in times of need. Insights from the PiggyVest Savings Report 2025 reveal a concerning trend of declining savings culture among Nigerians.

A significant segment of the population either does not prioritise saving or lacks the discipline to maintain consistent savings, with many unable to cater for emergencies or achieve meaningful financial satisfaction.

Released in March 2026, the report which sampled over 20,000 respondents in rural and urban areas across all six geopolitical regions in Nigeria, highlights key gaps in financial behaviour.

Highlighted issues revolve particularly around emergency preparedness and long-term financial planning, underscoring the urgent need for more structured and accessible savings solutions.

With rising living costs and economic pressures, many Nigerians are increasingly focused on meeting immediate needs, often at the expense of saving for the future. As a result, emergency funds remain inadequate or non-existent for a large proportion of households.

This reality has far-reaching implications, not only for individual financial stability but also for broader economic resilience. Without a financial buffer, unexpected events such as medical emergencies, job loss or business disruptions can quickly escalate into crises.

Financial experts note that the challenge is not just about earning more income, but about adopting disciplined and structured approaches to saving.

Unlike informal or ad-hoc savings methods, structured financial products combine consistency, growth and protection, ensuring that individuals are better equipped to navigate uncertainties.

This is where solutions like Mutual Benefits Assurance’s savings and investment offerings play a critical role.

A leading player in Nigeria’s insurance industry, Mutual Benefits’ savings and investment products are designed to help individuals and families build financial discipline while enjoying the added advantage of protection.

Products such as the Individual Savings and Protection Plan (ISPP), Children Education Plan (CEP) and Mutual Investment Plan (MIP) help customers build disciplined savings, earn competitive returns through compounded interest and benefit from life insurance coverage, providing an added layer of security. Similarly, the Personal Pension and Investment Plan (PPIP) provides financial support in the event of job loss, whether voluntary or involuntary, while also serving as a valuable tool to supplement retirement income. In the event of death, designated beneficiaries receive the entitled benefits.

By combining savings with protection, these solutions address two critical gaps identified in the report: lack of emergency funds and low financial confidence.

Structured savings plans not only encourage financial discipline but also provide reassurance that funds will be available when needed. In contrast to informal savings methods, they offer a more reliable pathway to achieving both short-term and long-term financial goals.

For many Nigerians, this represents a much-needed shift from reactive financial habits to proactive financial planning.

As Nigeria continues to navigate economic uncertainty, the importance of financial preparedness cannot be overstated. Encouraging a culture of saving supported by structured, accessible financial products will be key to improving financial well-being across the population.

Mutual Benefits remains committed to empowering Nigerians with solutions that promote financial security, resilience and peace of mind. By making savings simpler, more rewarding and more secure, the company continues to support individuals and businesses in building a more stable financial future.

APC Chairman: Party is Nigeria’s Only Tested Vehicle for Stability, Progress, National Renewal

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09/04/2026

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The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, has declared that the APC remains the only truly national, deeply structured, ideologically resilient and electorally durable political platform capable of delivering on the present aspirations and future expectations of Nigerians.

Professor Yilwatda made this known in Abuja while speaking on key issues affecting the social, political and economic management of the country, insisting that in a period of national transition and democratic consolidation, Nigeria cannot afford to gamble its future on confusion, instability, or politically disoriented alternatives.

According to a statement, signed by Mr Abimbola Tooki, his special adviser, media and communications syatyegy, the National Chairman said the APC has over time demonstrated the institutional maturity, national spread, political discipline, and administrative capacity required to manage the complex demands of a nation as large, diverse and strategically important as Nigeria.

He said the party is not merely preparing for the next election cycle, but is actively working to deepen governance, strengthen democratic culture, improve public trust, and build a stronger foundation for national development.

“The All Progressives Congress is not an ad hoc coalition held together by convenience. It is a tested and enduring political machine, built on structure, spread, experience and the capacity to respond to the real needs of Nigerians. We are the only party with the institutional strength and national reach to carry the weight of both the present and the future of this country,” the National Chairman stated.

Professor Yilwatda maintained that while governance naturally comes with pressures, contestations and difficult decisions, the APC remains committed to supporting policies and reforms that will place Nigeria on the path of long-term stability, productivity and prosperity.

He noted that the task before the current administration is not a cosmetic one, but a serious nation-building responsibility that requires courage, patience, sacrifice and political steadiness. He added that the APC, as the governing party, fully understands the weight of this historic obligation and will continue to provide the political backbone required to sustain reforms and deliver democratic dividends to Nigerians.

Commenting on the internal crises currently ravaging some opposition parties, Professor Yilwatda said the situation is a clear and disturbing reflection of their lack of preparedness for national leadership.

He noted that any political platform that cannot manage its own internal affairs, reconcile competing tendencies, enforce discipline, or build consensus within its ranks, cannot be trusted with the delicate task of governing a complex federation like Nigeria.

According to him, the persistent implosions, factional wars, legal battles, ego clashes and ideological emptiness that define many opposition parties today are not just political setbacks, but warning signs of deeper structural weakness and managerial incompetence.

He stressed that it would be dangerous and politically irresponsible for Nigerians to hand over the future of the country to political actors who have repeatedly shown that they cannot maintain order within their own house.

“A party that cannot govern itself cannot govern Nigeria. If a political platform is constantly trapped in self-inflicted crisis, consumed by internal sabotage, and weakened by poor management, it simply has no business asking Nigerians for the mandate to lead this country,” he said.

The APC National Chairman said Nigerians must be discerning enough to separate noise from capacity, propaganda from preparation, and opportunism from genuine leadership.

He added that while the APC continues to evolve, reform and strengthen its internal processes, many opposition parties remain trapped in a cycle of instability that makes them unfit for serious democratic competition.

Yilwatda further stated that a repositioned and confident APC is not afraid of political competition and does not seek victory through the technical disqualification of opponents.

He said the APC believes in democratic contest, popular legitimacy, and the power of persuasion, adding that the party derives greater strength and credibility when it wins elections through the trust and support of the Nigerian people.

According to him, while political parties must comply with the law and electoral regulations, the APC’s preference is always to defeat its opponents at the ballot box and not in backroom arrangements, procedural traps or legal technicalities.

He emphasised that true democratic legitimacy comes from earned victory, not engineered outcomes, and that history is kinder to leaders and parties whose mandates are clearly validated by the people.

“Victory is sweeter when it is earned. It is more legitimate when it is freely given by the people. As a party, we believe that the strongest mandate is one secured through persuasion, performance, organisation and political engagement,” he said.

The National Chairman added that the APC’s growing confidence across the country is rooted in its expanding structures, broad-based acceptance, renewed internal discipline and its capacity to speak to both local and national concerns.

He said the party is increasingly focused on rebuilding trust at the grassroots, improving message co-ordination, rewarding loyalty, and ensuring that every electoral contest is approached with seriousness, strategy and measurable objectives.

Speaking on the current security situation in the country, Professor Yilwatda described the Federal Government’s fresh phase in the mass trial of over 500 terrorism-related suspects as a major demonstration of state seriousness, institutional resolve and respect for the rule of law.

He said the development marks an important shift in the national security architecture, from merely announcing arrests to ensuring judicial accountability and lawful consequences for acts of terror and violent criminality.

According to him, this is not just a security story; it is also a governance story, a rule-of-law story, and a public trust story.

He explained that for citizens to have confidence in the state, they must see that criminal acts are not only confronted militarily, but also prosecuted credibly and transparently within the framework of the law.

“What we are seeing is movement beyond arrests toward institutional accountability. That matters greatly. It shows that the Tinubu administration is not only fighting insecurity on the battlefield, but also in the courtroom, in the intelligence space, and within the wider framework of state institutions,” he stated.

Yilwatda said the development reinforces the idea that the administration of President Bola Ahmed Tinubu is pursuing a more comprehensive anti-insecurity strategy, one that combines military operations, intelligence co-ordination, legal enforcement, judicial process, and broader institutional strengthening.

He noted that sustainable security cannot be built on force alone, but must rest on justice, deterrence, lawful prosecution, and visible consequences for those who threaten the peace and sovereignty of the country.

The APC National Chairman therefore described the ongoing legal process as evidence of serious state action against terrorism, and called on Nigerians to continue supporting lawful efforts aimed at restoring peace, public confidence and national stability.

Turning to party affairs in Osun State, Professor Yilwatda commended the APC chapter for what he described as its visible readiness, growing organisational capacity and renewed seriousness ahead of future political engagements.

He said the signs from Osun are encouraging, but quickly warned that electoral success would require more than enthusiasm, ceremonial mobilization or symbolic activity.

The National Chairman insisted that the Osun political operation must be built around discipline, structure, message clarity, conflict management, and grassroots precision.

He stressed the need for a single command structure within the campaign architecture, with clearly defined roles, measurable responsibilities and practical deliverables for every member of the campaign team.

According to him, confusion in authority lines, duplication of functions, ego-driven interference and competing centers of influence have historically weakened political operations and must not be allowed to undermine the APC’s efforts in Osun.

“Every successful political operation requires one clear command structure. There must be no ambiguity in authority, no overlap in responsibilities, and no room for avoidable internal disruption. Every member of the campaign team must know their assignment, their target, and their expected outcome,” he said.

Yilwatda also called for the establishment of a robust conflict resolution mechanism within the Osun campaign structure to proactively address grievances, misunderstandings and post-appointment tensions before they degenerate into factional bitterness or sabotage.

He warned that unmanaged resentment within campaign structures often does more damage than opposition attacks, stressing that political wounds ignored today can become electoral liabilities tomorrow.

The APC National Chairman therefore directed that the Osun campaign must not be reduced to a ceremonial political exercise, but should instead be designed as a data-driven, ward-based and message-coordinated operation.

He said the campaign must be rooted in local realities, informed by voter behavior, tailored to community concerns, and executed with measurable precision across all wards and constituencies.

According to him, the era of generic slogans and uncoordinated mobilization is over. What is required now is a modern political operation that understands the mood of the electorate, tracks persuasion patterns, co-ordinates messaging from the center to the grassroots, and ensures that every local structure is active and accountable.

He further emphasised that the political significance of Osun extends beyond its immediate electoral boundaries. He described the state as a strategic psychological battleground for the APC’s continued strength in the South-West, and a crucial rehearsal ground for 2027.

The APC Chairman noted that the outcome of political organisation in Osun will carry symbolic, strategic and momentum-building consequences not just for the state, but for the wider political direction of the APC in the region and nationally.

“Osun is not just another state election. It is a test of strength, a battle of perception, a measure of organisational discipline, and an important rehearsal ground for 2027. We must approach it with the seriousness it deserves,” he said.

The National Chairman charged party leaders, stakeholders, mobilisers, youth groups, women’s wings, elected officials and grassroots co-ordinators in Osun to close ranks and work with a single purpose.

He urged all party faithful to place collective victory above personal ambition, emphasising that the APC’s success will depend not only on strategy and structure, but also on unity, sacrifice, discipline and loyalty to the bigger cause.

Yilwatda reaffirmed the APC’s commitment to building a stronger party and a stronger nation, stating that the party will continue to support policies and political actions that promote security, democratic legitimacy, economic recovery, institutional stability and national progress.

He said the APC remains focused, prepared and determined to continue serving as the most viable political platform for responsible governance and national renewal.

“Nigeria needs steadiness, structure, courage and capacity. The APC represents that responsibility. We are not perfect, but we are prepared, we are tested, and we are committed to doing the hard work required to move this country forward,” he said.

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