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The In-Coming 53rd CIIN President, Jide Orimolade, Unveils Roadmap to Deepen Digital Transformation, Insurance Industry Growth

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The in-coming 53rd President/Chairman of Council of Chartered Insurance Institute of Nigeria (CIIN), Mr. Akinjide Orimolade, has acknowledged the invaluable role of the media as partners in shaping public understanding, promoting professionalism and amplifying initiatives that will strengthen confidence in the insurance sector.

Speaking at a media engagement in Lagos, he stated that in line with the strategic focus of the Institute, which is the duty of determining the standards of knowledge and skills to be attained by persons seeking to become members of the Institute, among other things, strategic focus of his coming administration will be on improving the physical infrastructures of the Institute – in Lagos and across its chapters in all the six geo-political zones of the Federation and Abuja; accelerating digital transformation of procedures at the Institute which will eventually strengthen professional standards and enhancing insurance awareness which will result in increased penetration and consequent contribution of the Industry to the GDP of the nation.

He affirmed that the implementation of the initiatives as duly explained will be guided by transparency, accountability, measurable performance indicators and periodic reviews to ensure that the administration delivers meaningful and sustainable outcomes for all stakeholders and the wider insurance industry.

Orimolade expressed confidence, on behalf of the Council, that the successful execution of these initiatives will enhance professionalism, foster innovation, increase insurance awareness and contribute significantly to building a resilient, inclusive and globally competitive insurance industry in Nigeria, which will in turn result in a more robust economy for the country.

He expressed sincere appreciation to members of the media for honouring the invite from the Institute to and for their continued support in promoting the growth and development of Nigeria’s insurance industry.

Mr. Akinjide Orimolade is a distinguished Nigerian chartered insurer and accomplished business executive with over twenty-eight years’ experience in the f inancial services industry.

As the pioneer and current Chief Executive Officer of Stanbic IBTC Insurance Limited, he has demonstrated exceptional leadership in driving business growth, innovation and operational excellence within Nigeria’s insurance sector.

Over the course of his illustrious career, he held several strategic leadership positions, including Chief Executive Officer of Zenith Insurance, Law Union & Rock Insurance Plc and AIICO Insurance Plc.

He also served as Regional Director for West Africa at Liberty Life, where he played a pivotal role in advancing the company’s regional operations and market presence.

Orimolade began his professional journey with leading insurance organisations and brokerage firms, including Sovereign Trust Insurance and Bullion Insurance Brokers, where he developed a solid foundation in insurance practice and financial services. He holds a Bachelor of Science Degree in Insurance and a Master of Science degree in Marketing from the University of Lagos, as well as a Diploma in Risk Management from York University, Canada equipping him with a strong blend of technical expertise and strategic business acumen.

Beyond his executive contributions, Mr. Akinjide Orimolade is a deeply influential figure in the industry, particularly through his commitment to the insurance profession at large. As a Fellow of the Institute and the current Deputy President, he has played a pivotal role in shaping standards through his seat on the institute’s Governing Council.

His extensive expertise is further reflected in his memberships with the Nigerian Insurers Association and the Nigerian Institute of Management, solidifying his reputation as a transformative leader dedicated to the advancement of the Nigerian insurance market.

Transcorp Hotel Graduates 16th Cohort of Business Empowerment Program for Women

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L-R: Mohamed Said Khalil, Hotel Manager, Transcorp Hilton Abuja; Ijeoma Osuji, Communications and Marketing Manager, Transcorp Hilton Abuja; Uzoamaka Oshogwe, MD/CEO, Transcorp Hotels Plc; members of the 16th graduating cohort of the Business Empowerment Programme for Women (BEPW) Initiative; Eno Simon, Head of Office, ACE Charity; and Johnson Jock, Head of Human Resources, Transcorp Hilton Abuja, during the BEPW 16th Graduation Ceremony in Abuja on Thursday.

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has graduated the 16th cohort of its Business Empowerment Programme for Women (BEPW), strengthening its commitment to creating opportunities, empowering communities, and driving inclusive economic growth.

The BEPW is one of Transcorp Hotels Plc’s flagship sustainability initiatives, reflecting the company’s commitment to creating long-term social, economic, and environmental impact.

The Corporate Social Responsibility (CSR) programme provides young women with hands-on tailoring training, as well as skills in business, financial management, marketing, and customer service.

Established in 2016 in partnership with ACE Charity, BEPW has so far empowered 64 young women with skills, confidence, and resources to build sustainable livelihoods, create economic opportunities, and contribute meaningfully to their communities and Nigeria’s growing economy.

Upon completion of the six-month programme, the company donates sewing machines and other relevant tools to the beneficiaries, enabling them to immediately kickstart their entrepreneurial journey.

As part of Transcorp Hotels Plc’s commitment to sustainability, the programme promotes circular fashion by repurposing pre-used hotel bedding for practical training, thereby giving new life to items that would otherwise become waste and modelling sustainable practice.

Speaking on the impact of the initiative, Uzoamaka Oshogwe, MD/CEO of Transcorp Hotels Plc, said: “We believe hospitality goes beyond the experiences we create within our hotels. Through this programme, we are investing in young women, supporting entrepreneurship, creating social, economic, and promoting sustainability. We are proud of the 16th cohort graduands and look forward to the businesses they will build, the jobs they will create, and the positive impact they will have on their communities and Nigeria’s economy.”

Transcorp Hotels Plc continues to redefine hospitality in Africa, committed to building a future where business success is measured not only by exceptional guest experiences, but also by the positive impact it creates for people, communities, and the environment.

 

About Transcorp Hotels Plc

Transcorp Hotels Plc is the hospitality subsidiary of Transnational Corporation Plc, one of Africa’s leading listed companies with strategic investments in the power, hospitality, and energy sectors.

Transcorp Hotels is redefining hospitality standards in Africa through its businesses, including the iconic Transcorp Hilton Abuja, and the recently launched 5,000-seat capacity Transcorp Centre.

RMB Leads Indorama Fertilizer Refinancing as Lead Arranger, Co-ordinator

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Rand Merchant Bank (RMB) a division of the First Rand Group recently played a central role in providing a new medium-term debt financing in support of Indorama Fertilizer and Chemicals FZE Limited, a key client in Nigeria across the Infrastructure Sector in Nigeria.

RMB acted as Co-ordinator and Lead Arranger on the USD340m refinancing which was recently signed and fully underwritten by Development Financial Institutions and international commercial banks.

This transaction is reflective of RMB’s deep strategic relationship with Indorama Group entities in Nigeria with the new facility providing a more competitive funding solution in line with the brownfield development of Indorama’s fertilizer operations in Nigeria.

In 2025, Indorama FZE achieved its highest ever urea production at 2.7 million Metric Tonnes with capacity utilisation of 103%.

Speaking on the transaction, Chidi Iwuchukwu, Executive Director and Head Investment Banking RMB Nigeria says ‘’this financing is a show of RMB’s commitment towards providing strategic advisory while also deploying its cross-border balance sheet towards supporting private sector investment across the heavy industry manufacturing segment of the domestic economy.  This financing is in support of the strong non-oil export growth in Nigeria where Indorama FZE continues to play as a market leading player.’’ Indorama FZE, according to statistics from the Central Bank of Nigeria, is the largest non-oil exporter in Nigeria with over 18% market of non-oil exports in 2024. The firm continues to support domestic food production and security by providing up to 75% market share in the Nigerian market.

The subject financing involved multiple institutions and processes towards putting in place a more cost competitive funding solution which aligns with the clients’ long term funding objectives. RMB had to deploy extraordinary resources to implement the transaction in timely fashion alongside other lenders.

Following its Line 3 commissioning in June 2026, Indorama becomes the world’s single largest single site urea producer. The firm currently possesses fully integrated operations for urea production encompassing its own gas pipelines, Feed Conditioning Units (FCU), Utilities and dedicated warehousing and jetty infrastructure enabling seamless and continuous operations.

Enyinna Anumudu, Senior Dealmaker and Head Infrastructure Finance Nigeria concludes: “RMB is proud to have acted as Lead Arranger and Coordinator for the refinancing at Indorama FZE. By making this financing available for domestic manufacturing and heavy industry investments in Nigeria, we have entrenched the long-term competitiveness of Nigerian private sector in meeting the domestic and export demand for fertilizer while supporting food sufficiency in the country.”

 

About RMB Nigeria Limited

RMB Nigeria Limited, a member of the FirstRand Group, is a leading African Corporate and Investment Bank. RMB Nigeria provides clients with innovative, value-added solutions across advisory, funding, trading, corporate banking, and principal investing.

Stanbic IBTC Unveils ‘You’re Built for Growth’ Campaign, Reinforces Commitment to Clients’ Growth

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Stanbic IBTC, a member of Standard Bank Group, has officially launched its new thematic brand campaign, ’You’re Built for Growth’, a bold expression of the Group’s commitment to supporting individuals, businesses and communities as they pursue their ambitions and unlock new opportunities.

The integrated campaign, which spans television, radio, print, social media, Out-Of-Home (OOH) and Digital Out-Of-Home (DOOH) platforms, celebrates the resilience, determination and potential as key drivers of progress across Nigeria.

Through relatable stories and inspiring narratives, the campaign reinforces Stanbic IBTC’s role as a trusted financial partner that helps clients and stakeholders achieve growth in all its forms.

At the heart of the campaign is a simple but powerful belief: growth is not reserved for a select few. Whether it is starting a business, expanding an enterprise, building wealth, securing a family’s future or pursuing personal aspirations, every individual and organisation has the potential to achieve more with the right support.

Speaking on the campaign, Chuma Nwokocha, Chief Executive, Stanbic IBTC Holdings, said:

“At Stanbic IBTC, we are clear on our purpose: to support growth, open up opportunities, and stand by our clients at every stage of their journey. ‘You’re Built for Growth’ reflects who we are as a Group – a trusted partner you can rely on; a forward-looking institution creating new possibilities; and a committed partner helping individuals and businesses achieve lasting success.”

More than a marketing campaign, ‘You’re Built for Growth’ is a reaffirmation of Stanbic IBTC’s enduring commitment to creating value, building trust and enabling sustainable growth for its clients, communities and the economy.

The campaign’s flagship television commercial brings this message to life through compelling representations of ambition, perseverance and achievement, while complementary radio, print, digital and outdoor executions extend the message to audiences across the country.

Stanbic IBTC intends to continue demonstrating the importance of support for achieving real growth as the Group continues to empower Nigerians to pursue their goals with confidence.

Bridget Oyefeso-Odusami, Head, Brand and Marketing, Stanbic IBTC Holdings, also expressed the meaning of growth as embodied in the company’s new campaign.

She said: “Growth means different things to different people. For some, it is building a business. For others, it is growing their savings; protecting what matters most; investing for the future or creating opportunities for future generations. Whatever that journey looks like, Stanbic IBTC remains committed to helping our clients achieve growth.”

With a heritage of supporting progress and enabling opportunity, Stanbic IBTC continues to provide comprehensive financial solutions that help individuals, businesses and institutions navigate an evolving world and build sustainable futures.

 

About Stanbic IBTC Holdings

Stanbic IBTC Holdings is a leading end-to-end financial services group in Nigeria, providing banking, pensions, asset management, stockbroking, trusteeship, insurance and investment banking solutions to individuals, businesses and institutions. The Group remains committed to driving inclusive growth, creating opportunities and helping clients achieve their long-term aspirations through innovative financial solutions and market-leading expertise.

NGX Group Chair, Umaru Kwairanga, Earns Fellowship of Capital Market Academics of Nigeria

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ACCEPTANCE SPEECH AT THE CONFERMENT OF FELLOWSHIP OF CAPITAL MARKET ACADEMICS OF NIGERIA ON TUESDAY 30th JUNE 2026 AT THE SECURITIES AND EXCHANGE COMMISSION HEAD OFFICE ABUJA.

I humbly accept this award of the Fellowship of the Capital Market Academics of Nigeria (CMAN).

I share the joy of this award with my fellow Board Members, Management & Staff at the Nigerian Exchange Group NGX and my fellow capital market operators because this award is in recognition of our collective work which has transformed the capital market from the lows of five to 10 years into a vibrant, more liquid market that more Nigerians and global investors wish to partake in.

The Association having taken off just five years ago but it has already taken its place in the capital market ecosystem through its programmes which seek to bring academic rigour to the practical workings of the capital market.

I thank the leadership of the Association led by the energetic Professor Uche Uwaleke for the honour and pledge my commitment to the vision and work of CMAN.

Thank you.

Alhaji (Dr) Umaru Kwairanga

Chairman, NGX Group

NHEA 2026 Honours Nigeria’s Finest as FG Reaffirms Commitment to Healthcare Transformation

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NHEA 2026: (L-R) Dr. Wale Alabi, NHEA Project Director; Dr. Iziaq Adekunle Salako, Minister of State for Health & Social Welfare; Sir Ike Onyechi, Founder of Alpha Pharmacy and recipient of Lifetime Achievement Award; Mrs. Chinelo Onyechi; Dr. Anthony Omolola, NHEA Advisory Board Chairman; and Moses Braimah, NHEA Director of Marketing, Communication, & Strategy

  • Salako Commends Winners, Nominees and Organisers for Advancing Excellence in Nigeria’s Healthcare Sector.

Nigeria’s healthcare sector came together last weekend as the 2026 Nigerian Healthcare Excellence Awards (NHEA) celebrated the nation’s outstanding healthcare institutions, professionals and organisations at a ceremony in Lagos.

The event, attended by the Honourable Minister of State for Health and Social Welfare, Dr. Iziaq Adekunle Salako, as Special Guest of Honour, brought together top government officials, healthcare leaders, regulators, development partners, industry executives, healthcare professionals and nominees from across the country in a celebration of excellence, innovation and leadership in healthcare.

Speaking at the ceremony, Dr. Salako congratulated all the award winners and nominees for their outstanding contributions to healthcare delivery in Nigeria, describing them as critical partners in the nation’s journey towards building a stronger and more resilient healthcare system.

The Minister commended the organisers of the Nigerian Healthcare Excellence Awards for sustaining a credible platform that recognises and rewards excellence in the healthcare sector, noting that such recognition encourages healthy competition, innovation and continuous quality improvement.

He reaffirmed the commitment of the Federal Government to strengthening Nigeria’s healthcare system through strategic reforms, improved infrastructure, expanded access to quality healthcare services and stronger collaboration with the private sector and development partners.

Earlier in his welcome address, Chairman of the NHEA Advisory Board, Dr. Anthony Omolola, described the awards as more than a ceremony, but a celebration of the remarkable institutions and individuals whose dedication continues to strengthen Nigeria’s healthcare system despite prevailing challenges.

He noted that the awards have, for over a decade, promoted transparency, accountability and excellence through a rigorous evaluation process involving public nominations, voting, independent verification, industry research and assessments by an independent Jury and Advisory Board.

This year’s edition, themed “Innovation, Local Manufacturing and Digital Transformation,” recognised excellence across healthcare delivery, pharmaceuticals, biomedical technology, health insurance, diagnostics, media, and public health, with winners emerging after months of public nominations, voting, independent verification, auditing, industry performance assessments and extensive research.

Among the highlights of the evening were the presentation of Lifetime Achievement Awards to Dr. Ladi Awosika, Sir Ike Onyechi, and Emeritus Professor Samuel Chukwunonyerem Ohaegbulam, in recognition of their exceptional contributions to healthcare development, medical practice, pharmacy, healthcare financing and leadership in Nigeria.

The event also honoured Professor Kingsley Ekwueme with the Diaspora Excellence Award for pioneering leadership in robotic and minimally invasive surgery, while Professor Mildred Edet John received the Special Recognition Award for Excellence in Nursing Leadership, Education and Professional Development.

The evening also saw outstanding organisations recognised across more than thirty competitive categories. Notable winners included FCMB as Outstanding Healthcare Financial Institution of the Year, Lagos State Health Management Agency (LASHMA) as State Government Health Insurance Agency of the Year, University of Maiduguri Teaching Hospital as Public Tertiary Healthcare Facility of the Year, Iwosan Lagoon Hospitals as Private Tertiary Healthcare Facility of the Year, Leadway Health Limited as Health Maintenance Organisation of the Year, Gabbi Health as Innovative Healthcare Service Provider of the Year, Fidson Healthcare Plc as Pharmaceutical Manufacturing Company of the Year, and Codix Pharma Limited as Technology-Driven Pharmaceutical Distributor of the Year, among other deserving winners.

Special recognition was also accorded to outstanding achievements in laboratory medicine and biomedical technology, including the DCL-NHEA Laboratory Innovation and Quality Improvement Award presented to Mecure Healthcare Limited, while Vitus Nnaemeka of Echolab Services Ltd. emerged as DCL-NHEA Laboratory Professional of the Year.

The organisers congratulated all nominees, noting that being shortlisted from more than 120 nominees across the healthcare value chain was itself a significant achievement and a testament to their contributions to improving healthcare delivery in Nigeria.

The Nigerian Healthcare Excellence Awards (NHEA) is organised by Global Health Project and Resources (GHPR) in collaboration with the Anadach Group, USA, and is proudly supported by PharmAccess Foundation and Digital Clinical Laboratory (DCL) as Title Sponsors.

Over the past twelve years, NHEA has remained Nigeria’s premier platform for recognising excellence, innovation, professionalism and outstanding contributions to healthcare, while inspiring continuous improvement across the sector.

 

 

NAICOM, NCRIB, NCC, NLNG, Guinea, Stanbic IBTC Holding, Leadway, Universal, Others Drum Support for SUPERNEWS Confab July 7

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Bluechip firms, government agencies and reputable organisations from various sectors have signed up support for the hosting of SUPERNEWS Local Content Confab’26 and 10th Anniversary Celebration holding at Oriental Hotel, Victoria Island Lagos on Tuesday, July 7, 2026 by 10 am prompt.

The organisations include the National Insurance Commission (NAICOM), the Nigerian Communications Commission (NCC), Nigeria LNG (NLNG), Leadway Assurance company Limited,

Guinea Insurance Plc, Nigerian Council of Registered Insurance Brokers (NCRIB), Stanbic IBTC Holdings, Universal Insurance Plc and Ugooafunwa Investment Company Ltd.

Appreciating the organisations, the Convener of the conference and the Publisher of SUPERNEWS Nigeria, Ngozi Onyeakusi thanked the organisations for their confidence in the event and their commitment to promoting meaningful conversations around national development.

She said the strong support from these institutions underscores the growing relevance of SUPERNEWS Annual Conference as a veritable platform for policy dialogue, stakeholder engagement and promotion of excellence across various sectors of the economy. She commended NLNG and Leadway Assurance Company Limited for being consistent in supporting SUPERNEWS Nigeria Annual Conference as well as other organisations and individuals who have in one way or the other supported SUPERNEWS Nigeria in the past.

The conference with the theme; ‘Local Content & Digitisation: Building Synergy Between Oil & Gas and Insurance Sectors for Inclusive Growth’ has the Managing Director/Chief Executive Officer of Universal Insurance Plc, Dr. Jeff Duru as the Chairman while the Group Managing Director/CEO of Royal Exchange Plc, Mrs. Idu Okeahialam as the Keynote Speaker.

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

She noted that the conference has, over the years, evolved into one of the nation’s respected platforms for discussing economic issues, recognising excellence and fostering collaboration among stakeholders from both the public and private sectors.

Beyond the keynote presentation and panel discussion, this year’s conference holds special significance as it marks the 10th Anniversary of SUPERNEWS Nigeria—a decade of dedicated journalism, credible reporting and sustained advocacy for excellence across Nigeria’s financial, insurance, oil and gas and telecommunications sectors.

So as part of activities marking the Anniversary celebration, SUPERNEWS Nigeria will at the conference recognise outstanding contributions by organisations that have distinguished themselves through innovation, regulation, leadership and service excellence.

Over the past 10 years, SUPERNEWS Nigeria has evolved into one of the country’s respected media platforms, consistently providing insightful analysis, promoting informed public discourse and fostering stronger collaboration among regulators, operators, policymakers and industry stakeholders.

Reflecting on the milestone, Onyeakusi, described the anniversary as a celebration of resilience and professionalism.

She noted that the 10th Anniversary is not only an opportunity to celebrate past achievements but also to reaffirm SUPERNEWS Nigeria’s commitment to responsible journalism, policy advocacy and creating platforms that stimulate constructive dialogue for national development

As anticipation builds ahead of the July 7th event, stakeholders across various sectors are expected to converge in Lagos for what promises to be a robust exchange of ideas and a celebration of excellence in corporate leadership, public service and economic development.

 

 

NCC Chief, Aminu Maida, is Special Guest of Honour at Business Journal Fintech & Financial Inclusion Roundtable 2026

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Dr. Aminu Maida, Executive Vice-Chairman/CEO, Nigerian Communications Commission (NCC) would be the Special Guest of Honour at the 3rd Business Journal Fintech & Financial Inclusion Roundtable 2026 scheduled for Friday, July 31, 2026 at Oriental Hotel, Lekki Road, Victoria Island, Lagos.

The theme of the Roundtable is: Fintech: Driving the Future of Digital Financial Ecosystem in Nigeria.

Dr. Aminu Maida was appointed the Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC) by President Bola Tinubu on Wednesday, October 11, 2023.

Maida holds an MEng in Information Systems Engineering from Imperial College, London in 2002 and in 2006, he bagged a PhD in Electrical & Electronic Engineering from the University of Bath, United Kingdom.

Between 2018 and 2019, Maida completed a Post Graduate Diploma in Entrepreneurship (FinTech Pathway) program at the Cambridge Judge Business School, University of Cambridge, United Kingdom.

Until his appointment by the President, Dr. Maida was the Executive Director, Technology and operations at Nigeria Inter-Bank Settlement System Plc (NIBSS), the country’s central switch company owned by the Central Bank of Nigeria (CBN) and all licensed Deposit Money Banks (DMBs) in Nigeria.

At NIBSS, Maida was responsible for holistically spearheading the technical and operational standardisation of all devices deployed in the financial system in Nigeria for interoperability.

Maida led a dynamic team that ensured that all terminals used in the e-payment industry and all devices deployed in Nigeria would accept all cards issued by banks and other licensed card schemes without discrimination.

Prior to his appointment at NIBSS, Maida was the Chief Technical Officer (CTO) at the Nigerian-based FinTech Arca Payments Network and Senior Manager at Cisco Systems, United Kingdom.

As a seasoned technical professional with over 15 years of multi-functional and international experience in FinTech & Telecoms & Enterprise Technology, Maida between 2010 and 2014, worked as a Network Design Consultant at EE, part of BT Group, and one of the largest mobile communications companies in the UK.

He was also at some point (2006-2010) a System Engineer at Ubiquisys, a leading company in intelligent 3G and LTE small cells, which is now part of Cisco.

Maida, a professional par excellence, combines a broad range of experiences, making him technically strong and commercially sound.

Reacting, the Publisher/Editor-in-Chief of Business Journal Media Group, Prince Cookey said:

“Dr. Aminu Maida came to the NCC at a time Nigeria needed strategic repositioning of the digital economy landscape and telecom regulation in the country. He has positioned NCC as a leading voice in the digital space and telecom regulation in Africa and around the world. Accordingly, stakeholders attending the 3rd Business Journal Fintech & Financial Inclusion Roundtable 2026 would be looking forward to a robust conversation on the State of the digital economy, fintech market and the numbers on financial inclusion today and tomorrow.”

Cookey added that Mr. Olusegun Omosehin, Commissioner for Insurance/CEO, National Insurance Commission (NAICOM) will also be on board as Special Guest of Honour while Alhaji (Dr.) Umaru Kwairanga, Group Chairman, Nigerian Exchange Group (NGX) will Chair the event.

Mr. Emmanuel Ovaga, Managing Director/CEO, PufferPay Limited will deliver the keynote paper at the Roundtable while Mrs. Ekeoma Ezeibe, President/Chairman of Council of NCRIB is Guest of Honour.

Distinguished members of the Panel include:

  • Muda Yusuf, CEO, Centre for the Promotion of Private Enterprise (CPPE)
  • Idu Okeahialam, Group Managing Director/CEO, Royal Exchange Plc
  • Jide Orimolade, Managing Director/CEO, Stanbic IBTC Insurance Limited
  • Obioha Oti, President, Association of Mobile Money and Bank Agents in Nigeria (AMMBAN)
  • Sarafadeen Fasasi, President, Association of Financial Inclusion Agents of Nigeria (AFIAN)

The revolutionary success story of Moniepoint, Opay, PalmPay, Flutterwave and others in the digital payment system in Nigeria represents a positive expansion of the financial services sector in the country.

With millions of Nigerians and businesses lacking access to basic financial services, the importance of Fintechs remain sacrosanct in achieving substantial level of Financial Inclusion and expanding the frontiers of the industry.

According to AI Overview, Fintechs in Nigeria have revolutionised the financial landscape by dramatically increasing access to banking services, driving, for example, a 20% increase in financial inclusion and helping to bring the banked population to roughly 63%. These firms have introduced faster, affordable digital payments, lending, and investment services, forcing traditional banks to adopt digital transformation.

On investment, AI Overview stated: “Fintechs in Nigeria dominate the tech landscape, securing 35% of total tech funding ($2 billion total) in 2024, with over 430 companies attracting roughly 36% of all African fintech investment. Despite global challenges, the sector remains highly resilient, driven by high demand, with significant deals including Moniepoint’s $110 million series C.” 

In January 2026, the Central Bank of Nigeria (CBN) granted national licences to Moniepoint, Opay etc, giving them the regulatory authority to operate across the 36 States of the Federation. The decision firmly underscores the great strides by Fintechs in driving Financial Inclusion and supporting sustainable economic growth in the country.

The 3rd Business Journal Fintech & Financial Inclusion Roundtable 2026 aims to underscore the positive contribution of Fintechs in deepening Financial Inclusion, expanding access to financial services and contributing to economic growth in the country.

Expected participants at the Roundtable include regulators, operators from key sectors of the economy, media and members of the public.

NGX Chair, Umaru Kwairanga, Commends Turbaning of A. B. Mahmoud as Garkuwan Kano

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 It is my pleasure to be here at the launch of the Mahmoud Environment and Sustainability Trust established by my brother, AB Mahmoud, OON, SAN.

Let me begin by congratulating our host once again on his turbaning as the Garkuwan Kano. The honour is another recognition of his immense contributions to Nigeria, the legal profession and the historic city of Kano. Those contributions are varied and far reaching given the intellect of AB Mahmoud and his commitment to any cause he believes in

This evening, he is committing his time and resources to another worthy cause that will serve as a legacy far into the future. We are all witnesses to the effects of climate change in the extreme weather patterns that have become more frequent in recent times.

We must all rise to meet the challenge by doing what we can to protect our environment for the earth is the only home that we and our future generations have. The Trust is set up to make impact in the areas of sustainable development and protection of the environment.

I pledge my personal commitment and that of the Nigerian Exchange to partner with the Mahmoud Environment and Sustainability Trust in its initiatives to make the earth a better place for our children and future.

Thank you. 

Alhaji (Dr) Umaru Kwairanga

Sarkin Fulanin Gombe

Chairman, NGX Group

WorldStage to Present Nigeria’s Economic Report Q1 2026 at Business Forum

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World Stage Limited (WorldStage), a Nigerian-based research and technology-driven global focused firm has announced that the WorldStage Business Forum, Second Quarter 2026 will hold on Tuesday, June 30, 2026 at the LCCI-BOI Innovation Hub, Nurudeen Olowpopo Street, Alausa Ikeja Lagos by 10 am for the presentation of its Nigeria’s Economic Report Q1 2026.

According to a statement by WorldStage, the Guest Speaker at the forum with the theme, “Nigeria’s Corporate Culture and Global Standard” is Prof. Lere Baale, CEO, Business School Netherlands International. 

Prof. Baale, a renowned strategist and President of the Nigeria Academy of Pharmacy, is a key figure in Nigeria’s healthcare and digital economy discussions.

He advocates for innovative health financing models to achieve universal health coverage in Nigeria and emphasises the need for coordination among banks, fintechs, telcos, and regulators to build a trusted digital economy.

Among confirmed Special Guests at the forum include Hon. Mosopefoluwa George, Lagos State Commissioner for Economic Planning and Budget; Mr. Sola Obadimu, Director General, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA); Chief Emeka Obegolu, SAN, PhD, President, Abuja Chamber of Commerce & Industry (ACCI) among others.

The Special Guests are expected to deliver Goodwill Messages at the event and issue statements on the state of the economy.

Also confirmed as panelists at the Business Forum include Mr. Eze Anaba, President, Nigerian Guild of Editors (NGE) and Dr. Ejike Ndiulo, MD/CEO, Henryj Valeens.

According to WorldStage, the quarterly business forum with the presentation of country report, besides providing insights on current economic trends, challenges, and opportunities, was conceived for stakeholders in business and media to network and reflect on salient economic issues and amplify resolutions as input for the development of the nation’s economy.

It will be recalled that the President of NACCIMA, Engr. Jani Ibrahim was the Guest Speaker at the first quarter 2026 Business Forum for the public presentation of WorldStage Nigeria’s Macroeconomic Outlook 2026 on March 26th.

On the Nigeria’s Economic Report Q1 2026 to be presented at the forum, Mr Segun Adeleye, President/CEO, WorldStage said, “the 196-page WorldStage Nigeria’s Economic Reports Q1 titled ‘Promising’ offers a comprehensive macroeconomic overview, including regulatory changes, GDP growth, inflation rate, exchange rates, and monetary policy updates. Analysis of all key sectors including oil and gas, agriculture, manufacturing, banking, insurance, and capital market updates also took center stage.

“We are encouraged by the interest generated by our Outlook 2026 in the business community, particularly among the regulators. Their indications to be part of subsequent quarterly reports through collaboration are highly welcome.

“The Q1 report is also enriched by contributions from industry experts such as Dr. Muda Yusuf, Alliance for Economic Research and Ethics LTD/GTE, Sea Empowerment & Research Center (SEREC), Sam. Caulcrick, Dr. Joy Ogaji, ESV. Olufemi Adedamola Oyedele, and Mr. Luna Bawa.”

The event is to be attended by major stakeholders in the economy including regulators, operators and the media.

NAICOM Grants Partnering Insurtech Licence to NETAPPS to Drive Digital Innovation, Expand Insurance Access

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L-R: Mr. Edwin Okoro, MD/CEO, Netapps Technologies and Mr. Olusegun Ayo Omosehin, Commissioner for Insurance/CEO, National Insurance Commission (NAICOM).

The National Insurance Commission (NAICOM) has officially granted a Partnering Insurtech licence to NETAPPS at a formal ceremony, reinforcing the Commission’s commitment to leveraging digital innovation to deepen insurance penetration and expand access across Nigeria.

Speaking at the event, the Commissioner for Insurance, Mr. Olusegun Ayo Omosehin highlighted NAICOM’s strategic priorities, which include consumer protection, strengthened regulatory capacity, financial soundness, innovation and sustainability, and broader access to insurance services. He emphasised that insurtech firms play a critical role within the Commission’s innovation and access agenda.

The Commissioner noted that adopting technology-driven solutions and alternative distribution channels is essential to addressing Nigeria’s persistently low insurance penetration rate.

He underscored the potential of digital platforms to reach underserved populations particularly young people who primarily engage through mobile devices and to make insurance more accessible, affordable, and inclusive.

He further reaffirmed NAICOM’s readiness to collaborate with licensed innovators such as NETAPPS, while maintaining robust regulatory oversight to safeguard consumers and preserve financial system stability.

During the ceremony, the CFI, formally presented the licence to NETAPPS, recognising the company as an authorised innovator within Nigeria’s insurance distribution ecosystem.

As a licensed Partnering Insurtech, NETAPPS is expected to leverage its digital capabilities to expand insurance access, foster collaboration with licensed insurers and intermediaries, and operate with transparency in full compliance with regulatory requirements.

 

NAICOM Chief, Segun Omosehin, Attends Africa Re AGM in Abuja

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L-R: The Honourable Minister of Finance and Co-ordinating Minister of the Economy, Mr. Taiwo Oyedele and the Commissioner for Insurance/CEO, National Insurance Commission (NAICOM), Mr. Olusegun Ayo Omosehin at the Annual General Meeting (AGM) of Africa Re in Abuja.

Stanbic IBTC Pension Managers Champions Flexible Pension Solutions to Deepen Inclusion

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Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings Plc, is driving awareness and adoption of innovative pension solutions introduced by the National Pension Commission (PenCom). These initiatives, the Personal Pension Plan (PPP) and the Foreign Currency Pension Plan (FCY) are designed to expand access to retirement savings, preserve long-term value, and enhance financial security for Nigerians.

These initiatives reflect a broader effort to deepen financial inclusion and adapt retirement planning to the evolving realities of today’s workforce, where income patterns are increasingly flexible and, in many cases, global.

The Personal Pension Plan (PPP) offers individuals a simple and flexible way to retire on their own terms, regardless of employment status. Contributors can save at their own pace and access up to 50% of their contributions after a short period to meet urgent needs, while the remaining portion is preserved for long-term security and accessible as a lump sum when they retire. This makes the plan particularly relevant for entrepreneurs, freelancers, and individuals in the informal sector.

The Foreign Currency Pension Plan (FCY) framework enables individuals earning in foreign currencies to contribute directly. By allowing savings to be held and withdrawn in dollars, the initiative helps protect the retirement funds against exchange rate volatility and preserves value for customers.

Speaking on the initiative, the Chief Executive of Stanbic IBTC Pension Managers, Olumide Oyetan, said: “These solutions are designed to make retirement planning more accessible and relevant for every Nigerian, regardless of how they earn. By combining flexibility with value protection, we are empowering individuals to take control of their financial future while ensuring long-term security.”

Through these initiatives, Stanbic IBTC Pension Managers continues to reinforce its commitment to delivering secure, professionally managed, and inclusive retirement solutions for individuals and organisations.

Customers are encouraged to take advantage of these opportunities by opening a Personal Pension Plan or contributing in foreign currency, where applicable, by visiting any Stanbic IBTC Pension Managers branch or the official website: www.stanbicibtcpension.com.

Train 7 Hits 90% Completion, Generates 16,000 Jobs as NCDMB, NLNG Advance Local Content

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The leadership of the Nigerian Content Development and Monitoring Board (NCDMB) and the NLNG Ltd have reaffirmed recommitment to deepen the existing close collaboration between the agencies, towards enhancing in-country value addition from operations of the gas processing and marketing company, for the benefit of the Nigerian economy.

This renewed commitment was made when the Managing Director and Chief Executive Officer of NLNG, Engr. Adeleye Falade paid a courtesy visit to the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe at the Board’s liaison office in Lagos.

Speaking during the visit, Falade said the company remains focused on deepening Nigerian Content, strengthening indigenous capacity and retaining greater in-country value across its gas value chain. He confirmed that ongoing construction of its Train 7 project had reached 90 percent and pre-commissioning activities had started. He said plans are afoot to commission the new facility in 2027 and increase NLNG’s overall production capacity by 35 percent.

He expressed delight that the Train 7 project had created direct employment opportunities for 16,000 persons on the site, reducing insecurity and impacting positively on the nation’s socio-economic stability.

He lauded the close collaboration between both entities, recalling that they pioneered many initiatives together for the benefit of the sector, affirming that such accomplishments would be surpassed under his leadership.

He assured that NLNG remains committed to sustained engagement with NCDMB in support of Nigerian Content development, local capacity growth, and increased participation of Nigerian companies in the oil and gas value chain.

He said the company would continue to pursue partnerships that translate Nigeria’s gas resources into broader economic opportunities for businesses, professionals, service providers, and host communities.

“NLNG values its relationship with NCDMB and remains fully committed to the shared goal of strengthening Nigerian Content in the oil and gas industry. As a major player in Nigeria’s gas sector, we recognise our responsibility to support indigenous capacity, grow local supply chains, and ensure that our activities continue to deliver meaningful value to the Nigerian economy,” Falade said.

He further stated that NLNG would sustain its focus on practical areas of collaboration with the Board, including vendor development, skills enhancement, technology transfer, local procurement, and value retention.

“Our commitment is to work closely with the Board in a manner that is deliberate, measurable, and impactful. We want NLNG’s operations and partnerships to continue opening doors for Nigerian businesses, building competitive local capabilities, and supporting the long-term growth of Nigeria’s gas industry,” he added.

In his response, the Executive Secretary congratulated Engr. Falade on his appointment and promised that NCDMB would support him to succeed in his role.

He confirmed that NCDMB and NLNG share a relationship that is beyond regulator and operator, recalling how the Board and NLNG in June 2017 signed the first of its kind Service Level Agreement (SLA) on Nigerian Content project approval timelines and compliance, which later became a template for the oil and gas industry.

He further charged NLNG to enhance its support on the Brass Shipyard project, which is the capacity development initiative (CDI) on the Train 7 project. He commended the company for collaborating with NCDMB on the project, which will establish a drydock facility, a key oil and gas infrastructure that will benefit of NLNG’s business as well as the entire country.

He expressed hope that the project can be completed within the tenure of the NLNG management, to create employment opportunities and infrastructural development.

The meeting formed part of NLNG’s broader engagement with key industry stakeholders and reinforced the company’s commitment to sustained collaboration, local capacity development and the advancement of Nigerian Content across the oil and gas value chain.

 

NGX Group Congratulates Fiona Ahimie, First Female President of Chartered Institute of Stockbrokers

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It gives me great pleasure to witness this history making event of the investiture of the first female President and Chairman in Council of the Chartered Institute of Stockbrokers, Mrs. Fiona Ahimie.

This profession which I am proud to belong to is unique in many ways as anyone who has attended an event on the trading floor will attest. One of those unique attributes is that all stockbrokers are called city gentlemen, be they male or female.

It is not meant to exclude our lovely ladies but to show that stockbroking is an exclusive club to which you gain access through qualities such as professionalism, hardwork, attention to detail, excellent customer service skills and integrity.

Fiona has demonstrated all these qualities like a true city gentleman and that is why today she has attained the pinnacle of the stock broking profession as the 14th President and Chairman of Council of the Chartered Institute of Stockbrokers.

I congratulate you on this achievement and pray that you serve the Institute with your usual diligence and focus so that more young ladies will see you as role model and aspire to careers in financial services, especially stockbroking.

Let me also use this opportunity to congratulate my friend and brother, Immediate Past President, Ropo Dada, for a very successful tenure at the helm of our Institute. I believe he and other senior members of the profession on the council and outside are available at all times to support you and ensure that Mrs. Ahimie has a successful tenure filled with achievements.

I am highly impressed by the turn out at this event and thank their Excellencies and other Distinguished guests for finding time to celebrate our Amazon and latest President and wish her well.

Thank you all very much.

Alhaji (Dr) Umaru Kwairanga

Chairman

NGX Group

 

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