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Harmony Group CEO, Olusegun Adebayo, Bets on Lekki Growth with Launch of New Housing Projects

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As demand for quality housing continues to rise across Lagos’ expanding coastal corridor, the Chief Executive Officer of Harmony Group, Olusegun Adebayo, has unveiled two new residential developments in Abijo GRA, Lekki, in a move aimed at strengthening the company’s presence within Nigeria’s evolving property market.

The projects were announced during a media briefing held at Harmony Stores, Shoprite Ajah, Lagos, where Adebayo highlighted the growing attractiveness of the Lekki Abijo axis as one of the state’s fastest developing residential and investment destinations.

According to him, the decision to expand within the corridor was influenced by increasing infrastructure development, population growth, and sustained investor interest in the area.

“The demand for modern housing within the Lekki corridor continues to grow. We are seeing increased interest from both homeowners and investors who recognize the long-term potential of this axis,” Adebayo said.

One of the developments comprises 12 units of two bedrooms apartments and two units of three bedrooms duplexes with boys’ quarters located within a gated estate in Abijo GRA. The company also unveiled His Grace Residences II, a separate residential project designed to cater to the growing middle and upper middle income housing market.

Both projects incorporate smart home technology, security infrastructure, and modern residential facilities, reflecting a broader trend within Lagos’ real estate sector toward technology enabled living environments.

Industry stakeholders at the event noted that developers are increasingly shifting attention toward the Lekki Abijo corridor due to ongoing infrastructure projects, improved road connectivity, and the area’s emergence as a preferred residential destination for professionals and investors.

Adebayo said Harmony Homes remains committed to contributing to housing development while creating residential communities that combine convenience, security, and long-term value.

The latest expansion comes as developers continue to position themselves within Lagos’ rapidly changing real estate landscape, where demand for planned residential communities remains strong despite broader economic challenges.

The media briefing was attended by property stakeholders, investors, and members of the press and was facilitated by Social Media Centre Marketing (SMC).

 

Mother Nature Is Speaking. Are We Listening?

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Over the past few days, Lagos has witnessed severe flooding, leaving many families, businesses, and communities affected.

The Founder of A3 Botanical World – Osunlolu Abimbola (born Adejuwon Adefunke Adetutu) gave some thoughts for us to reflect upon.

Different people will explain it from different perspectives. Climate experts may point to changing weather patterns. Engineers may speak about drainage systems and infrastructure. Urban planners may discuss poor planning and development on flood-prone land.

All of these perspectives deserve attention.

But I also believe there is another way to reflect on moments like this.

For me, this is a reminder that we cannot continue to ignore nature and expect harmony.

Too often, we buy land and see only what we can build. We clear the trees, reclaim wetlands, fill waterways, and replace living ecosystems with concrete, believing that because we own the land, we have complete control over it.

But nature has its own order.

Water has always known where it belongs. When we block its natural path, we may succeed for a while, but we should not be surprised when it seeks that path again. What we call disaster is sometimes the consequence of disrupting the balance that already existed.

This is not about fear. It is about responsibility.

It is a wake-up call for developers to build with greater respect for the environment. It is a wake-up call for governments to protect natural waterways and enforce responsible planning. It is a wake-up call for every one of us to remember that development should work with nature, not against it.

Progress should not come at the cost of destroying the very environment that sustains us.

As we rebuild and recover, may we also rethink how we relate to the earth, the water, the trees, and the spaces that have supported life long before we arrived.

When we honour nature, we honour ourselves.

May wisdom guide our choices, and may we learn to build a future where humanity and nature can thrive together.

 

Lagos Flooding Sparks Fresh Interest in Safer Property Investments as Experts Set for Three P Conference

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The widespread flooding that recently disrupted homes, businesses and transportation across several parts of Lagos has once again brought conversations around smarter property investment and urban resilience to the forefront.

As many residents continue to count their losses, real estate experts say the situation underscores the importance of looking beyond location and considering long term environmental sustainability when making investment decisions.

It is against this backdrop that leading Nigerian and UK property professionals will converge in Lagos for the Three P Conference (Pounds, Properties and Profit), themed “Diversify into UK Properties for Stability & Profitability.”

The conference, scheduled for July 25, 2026, at the Marriott Hotel, Ikeja GRA, aims to provide investors with practical insights into building wealth through international real estate while reducing exposure to location specific risks.

According to the organisers, the event is expected to explore how Nigerians can diversify their investment portfolios through the UK property market, earn rental income in pounds sterling, understand overseas property financing, and identify emerging investment opportunities.

The conference will feature respected industry leaders including Niyi Adesanya, CEO of FifthGear Plus Consulting; Samuel Obafemi George, CEO of BranchHill Realty Limited; Oluwadurotimi Ojamamoye, Group Managing Director of Assetrise Holdings; Niyi Babalola, CEO of Bablo Homes; Kayode Adeagbo, CEO of TMS Properties UK; and Ariola Atunise, CEO of Properties Everywhere.

Beyond showcasing investment opportunities, the forum is expected to address broader issues surrounding property resilience, wealth preservation, portfolio diversification and the importance of making informed real estate decisions in an era increasingly shaped by climate related risks.

Industry analysts say the recent floods have reminded investors that successful real estate investment is no longer determined solely by demand and location but also by environmental planning, infrastructure quality and long-term sustainability.

With attendance limited to invited participants following pre-qualification, the Three P Conference seeks to connect serious investors with experienced professionals while encouraging Nigerians to think globally about property ownership and wealth creation.

As climate challenges continue to reshape cities across the world, the conference is expected to reinforce one message: diversification is no longer just a financial strategy it is becoming an investment necessity.

As interest in international property investment continues to grow, the organisers say the Three P Conference will provide participants with practical insights into navigating the UK property market, building wealth in pounds sterling, and making informed investment decisions in an increasingly uncertain global economy.

The conference will hold on Saturday, July 25, 2026, at the Marriott Hotel, Ikeja GRA, Lagos. Attendance is strictly by invitation following a pre-qualification process.

Mr. Kayode Adeagbo is the Founder and Chief Executive Officer of TMS UK Properties, an international property investment firm.

With over 30 years of experience in real estate, he is a property investor, mentor, and wealth creation strategist who has trained and guided thousands of aspiring investors on building long term wealth through UK property investments.

According to the organisers, prospective investors, business owners, professionals, and Nigerians seeking to diversify their real estate portfolios can register their interest through TMS UK Properties or visit

[email protected] & [email protected] for further information.

Nigeria’s Nuclear Ambitions Boosted as Akkuyu NPP Unit 1 Construction is Completed

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Nigeria is steadily advancing toward the development of its own nuclear energy sector. The country has already established partnership agreements with Rosatom, with site selection and preparation currently underway, along with the assessment of technical and economic aspects of future projects.

The technological foundation consists of modern Russian Generation 3+ reactors, similar to those now being commissioned at the Akkuyu NPP in Turkey.

Rosatom State Corporation, one of the world’s most renowned nuclear facilities has confirmed the completion of this Akkuyu Nuclear Power Plant Unit 1 construction

Rosatom State Corporation management delegation headed by Director General Alexey Likhachev visited the Akkuyu NPP site (under construction by Rosatom State Corporation). During the visit, the head of Rosatom got acquainted with the progress of the start-up and adjustment works at Unit 1, and also saw the active preparations underway for the stage of cold-hot running-in of the reactor plant.

Alexey Likhachev also visited the central hall of the reactor compartment of Unit 1, where he was informed of the successful completion of dummy fuel assemblies loading into the reactor, as well as the completion of the reactor assembly. After loading the dummy reactor core, specialists installed a block of protective tubes and the upper reactor unit, completing one of the most important stages of preparing the reactor plant for cold-hot running-in.

“We have registered the completion of construction works. The cold hydraulic tests of the reactor started tonight, and this work will be completed within a few weeks. There will be just a few weeks left before the start of launch operations, and based on the results of all the work done, an overhaul will be carried out and adjustments will be made to the final stage. This inspiring moment can be compared to the final hundred-meter race on a 42-kilometer marathon course. It is the very last dash when you need to mobilise all your forces, and a very important topic of the final dash is the launch of the maintenance staff work.

The staff of Unit 1 is 1,930 people, more than 40 % of these specialists are Turkish citizens. We are proud that these are graduates of our universities who are currently undergoing practical training at Russian simulators and nuclear power plants,” noted Rosatom Director General.

To ensure the station operates reliably, two key stages of run-in lie ahead. First, during the “cold” phase, specialists will check the density and strength of the equipment, perform circulating flushing of the first and second circuits, and adjust the water-chemical regime – this will confirm that all systems are ready for loads.

Then comes the “hot” stage: at a temperature of at least 260 °C, the four main circulation pumps will be tested, along with safety and reactor control systems, to verify reliability under operating conditions. These procedures are part of the standards for Generation 3+ reactors, which are used at Akkuyu NPP – Turkey’s first nuclear power plant, comprising four such power units.

For Nigeria, the completion of Unit 1 at Akkuyu is a tangible benchmark and confirmation that set goals are achievable through reliable international cooperation.

 

 

NHIA, ‎PTAD, Universal Insurance Sponsor NAIPE 2026 AGM

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‎The National Health Insurance Authority (NHIA),‎ Pension Transitional Arrangement Directorate (PTAD), as well as Universal Insurance Plc have confirmed their sponsorship of the 2026 Annual General Meeting (AGM) of the Nigerian Association of Insurance and Pension Editors (NAIPE).

‎The 2026 NAIPE AGM is scheduled to hold on Tuesday, July 7, 2026 at NCRIB Building in Lagos.

‎NAIPE is the umbrella body for journalists covering Nigeria’s insurance and pension sectors. The Association holds its AGM annually in July to review the performance of its leadership and assess developments within the insurance and pension industries.

‎Universal Insurance Plc is one of Nigeria’s leading non-life insurance companies, with assets exceeding N8 billion. The company offers eight major classes of insurance, including motor, property, and commercial insurance, serving corporate organisations, businesses, and individual customers through a broad range of specialised insurance products.

‎According to the company, its vision is “to be a dominant, specialised non-life insurer in Nigeria, creating and delivering value to stakeholders,” while its mission is “to offer specialised non-life insurance protection to clients inspired by innovation, efficiency and prompt claims settlement.”

‎The company has built a reputation for prompt claims settlement, integrity, professionalism, reliability, teamwork, and customer satisfaction.

‎The National Health Insurance Authority (NHIA) was established under the National Health Insurance Act, signed into law on May 19, 2022, replacing the National Health Insurance Scheme Act of 1999.

‎According to available data, about 20 million Nigerians are currently covered under the NHIA scheme.

The Authority provides financial protection against high healthcare costs, improves access to quality healthcare services, and offers a comprehensive benefits package covering a wide range of medical needs. It also seeks to promote preventive healthcare, ensure equitable healthcare financing across income groups, and improve the overall health and well-being of Nigerians.

‎Similarly, the Pension Transitional Arrangement Directorate (PTAD) was established in 2013, with its mandate derived from the Pension Reform Act of 2014.

The Directorate is responsible for administering pensions under the Defined Benefit Scheme (DBS) for pensioners who retired on or before June 30, 2007, and did not transition to the Contributory Pension Scheme.

‎Since its establishment, PTAD has recorded significant progress in transforming Nigeria’s public sector pension administration.

‎When the Directorate was created, it inherited numerous challenges from the legacy pension offices responsible for managing pensions for the Police, Customs, Immigration, Prisons, Civil Service, and the Boards of Trustees of Treasury-funded parastatals, universities, research institutions, and government agencies. These pension offices were characterised by fragmented administration, inefficiency, inadequate funding, and weak record-keeping.

‎By 2004, pension liabilities had exceeded N2 trillion, while the absence of a reliable pension database, the proliferation of ghost pensioners, and widespread allegations of fraud further undermined the system.

‎Over the years, PTAD has addressed many of these challenges by strengthening pension administration, improving record management, enhancing transparency, and restoring confidence in the management of the Defined Benefit Scheme.

Stanbic IBTC Bank Nigeria PMI: New Orders Continue to Rise Sharply in June

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Improving demand conditions helped to support further increases in output and new orders in Nigeria’s private sector at the midway point of the year.

Rising workloads and the prospect of further growth in the months ahead meant that firms took on additional staff and raised both purchasing activity and inventory holdings. Input costs and output prices increased sharply again, albeit to lesser extents than immediately following the outbreak of war in the Middle East.

The headline figure derived from the survey is the Stanbic IBTC Purchasing Managers’ Index (PMI). Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration.

Muyiwa Oni, Head of Equity Research West Africa at Stanbic IBTC Bank commented: “Although the rate of growth slowed in June compared to May, Nigeria’s private sector witnessed an increase in output at the end of Q2:26 as higher demand and new product development supported an increase in sales volume for companies. This rising demand led to higher workload, thereby ensuring the private sector hired new staff across three of the four sectors monitored by the survey besides agriculture. Business confidence also rose to a 12-month high with firms citing the ability to secure new stocks; business expansion plans; and advertising efforts as key factors making them expect an expansion in output over the next one year. Input prices still increased but not up to what was witnessed during the onset of the United States/Israel – Iran war.

The effect of this was a passthrough impact on output prices amid rising cost of raw materials and transportation.

“The PMI print during the quarter is consistent with a likely 3.94% y/y GDP growth rate in Q2:26, higher than the 3.89% y/y growth seen in Q1:26. We retain our 2026 growth forecasts at 4.1% as we see the oil sector growing by 3.45% y/y in 2026, from 8.50% y/y in 2025, while the non-oil sector is likely to grow by 4.11% y/y, from 3.71% y/y in 2025. The risks to our outlook include country-wide insecurity which may constrain food production, exchange rate pressures resurfacing, extreme-weather related conditions and higher fertilizer prices impacting crop yield, and a volatile global environment which may affect sentiment and constrain capital flows.”

The headline PMI posted 53.4 in June, down slightly from May’s reading of 54.1, but still above the 50.0 no-change mark and signalling a solid monthly improvement in business conditions at the end of the second quarter.

The health of the private sector has now strengthened in five successive months. Panellists often reported improving customer demand in June. This, alongside the introduction of new products, helped lead to a further marked rise in sales volumes.

With new orders up and companies expanding their operations, output also increased. In both cases, however, rates of growth were softer than seen in May. Business activity expanded across three of the four broad sectors covered by the survey, the exception being manufacturing.

Companies were also optimistic that output will rise over the coming year, and sentiment improved markedly to the strongest since June 2025. Advertising efforts, business expansion plans and stockpiling were among the factors supporting confidence, according to respondents.

Improving customer demand and confidence in the year ahead outlook encouraged companies to expand their staffing levels, purchasing activity and inventories in June. Employment increased for the thirteenth consecutive month. The rate of job creation was modest, but the most marked since February.

The latest expansion in purchasing was marked and the same as that seen in May, while stocks of inputs were up solidly.

Despite increased operating capacity, backlogs of work continued to rise amid customer payment delays and power supply issues. Supply-chain delays were also evident as vendor lead times lengthened for the first time in a year.

Longer delivery times were often attributed to poor road conditions. Higher costs for fuel, raw materials and transportation resulted in a further sharp rise in purchase prices during June, albeit the rate of inflation eased to a four-month low.

Staff costs, meanwhile, increased at a sharper pace as companies helped their workers deal with rising living costs. The pass-through of higher input costs to customers resulted in a further marked rise in selling prices, and the pace of inflation ticked up from May.

Leadway Health: HMO of the Year Award for 4th Consecutive Time at 2026 Nigerian Healthcare Excellence Awards

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Leadway Health, one of Nigeria’s premier health insurers and a subsidiary of the Leadway Group, emerged Health Maintenance Organisation of the Year at the 2026 Nigerian Healthcare Excellence Awards (NHEA), marking its fourth consecutive win in the category.

The milestone reinforces Leadway Health’s position as one of the country’s leading healthcare providers. It reflects its sustained commitment to making quality healthcare more accessible through innovative health insurance solutions, customer-centred service, preventive medicine and strategic investments in healthcare delivery.

Winning the award for four consecutive years is a rare achievement that underscores the consistency of Leadway Health’s performance in a rapidly evolving healthcare landscape. As demand grows for more responsive, technology-enabled and accessible healthcare, the recognition affirms the company’s ability to continually adapt while maintaining the highest standards of service for individuals, families and corporate organisations.

Commenting on the recognition, Dr. Tokunbo Alli, Managing Director of Leadway Health, said: “Winning HMO of the Year for the fourth consecutive year is a powerful affirmation that excellence is not a one-time achievement but the result of deliberate, sustained effort. Being consistently recognised by the industry validates our focus on innovation, operational excellence, and delivering meaningful value to our members, which continues to make a difference.

This recognition belongs to our customers, who have entrusted us with their health; our provider partners, who work with us every day to deliver quality care nationwide; and our employees, whose commitment continues to shape exceptional experiences. While we are proud of this milestone, it also challenges us to keep raising the standard for healthcare investments and to continue building solutions that make quality healthcare more accessible, efficient, and impactful for every Nigerian.”

Over the years, Leadway Health has continued to strengthen its healthcare ecosystem through investments in digital health solutions, including telemedicine services, streamlined care coordination, and customer-focused innovations that improve access to healthcare and enhance the overall member experience.

The fourth consecutive recognition comes at a time when healthcare financing is becoming increasingly central to improving health outcomes in Nigeria.

Leadway Health remains committed to partnering with healthcare providers, employers, and policymakers to expand access to affordable, highquality healthcare and contribute meaningfully to the advancement of Nigeria’s healthcare system.

 

About Leadway Health

Leadway Health is a leading Health Maintenance Organisation (HMO) in Nigeria, dedicated to providing comprehensive and innovative healthcare solutions.

Established with a mission to improve healthcare accessibility and outcomes, Leadway Health offers a range of health plans tailored to meet the diverse needs of individuals, families, and organisations.

CBN Revokes Licences of 46 Microfinance Banks Nationwide

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The Central Bank of Nigeria (CBN) has revoked the operating licenses of forty-six (46) Microfinance Banks with effect from July 1, 2026, in accordance with its powers under Sections 12 and 13 of the Banks and Other Financial Institutions Act (BOFIA), 2020.

The revocation was approved by the Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, following the banks’ failure to meet the regulatory requirements for continued operation as licensed financial institutions.

According to the revocation order, the action became necessary because of one or more of the circumstances listed below:

  • Insufficient assets to meet liabilities
  • Closure of operations without CBN approval
  • Inactivity and cessation of financial intermediation
  • Failure to commence operations within 12 months of licence approval
  • Failure to maintain minimum capital funds unimpaired by losses.

The revocation of the licenses is part of the Bank’s ongoing efforts to safeguard the stability of the financial sector, protect depositors, and ensure that licensed institutions comply with current laws and regulatory requirements. The Central Bank of Nigeria remains committed to promoting a safe, sound and resilient financial system and will continue to take appropriate supervisory and regulatory actions, where necessary, to maintain public confidence in the Nigerian financial system.

The list of the affected MFBs is as follows:

S/NO MFB CATEGORY   STATE
1 Minji-Se Churchill MFB Tier 1 Rivers
2 Merchant MFB Tier 2 Abia
3 Janmaa MFB Tier 1 Kwara
4 Busu MFB Tier 2 Niger
5 Gold MFB Tier 1 Lagos
6 Zain MFB (foremerly Dawakin Tofa MFB) Tier 2 Kano
7 Bompai MFB Tier 1 Kano
8 Ajwa MFB (Formerly Gezawa) Tier 2 Kano
9 Now Now Digital MFB Tier 2 Kano
10 Crystabel Microfinance Bank Tier 1 Bayelsa
11 Chanelle MFB State Lagos
12 Abia SME MFB Tier 1 Abia
13 Kamba MFB Tier 2 Kebbi
14 Iwade MFB Tier 2 Ogun
15 Winview MFB Tier 1 Abuja
16 Zuru MFB Tier 2 Kebbi
17 Minjibir MFB Tier 1 Kano
18 Shanono MFB Tier 2 Kano
19 Sumaila MFB Tier 2 Kano
20 Rimin Gado MFB Tier 2 Kano
21 Mwaghavul MFB State Plateau
22 Sycamore MFB Tier 2 Kano
23 TOFA MFB Tier 2 Kano
24 Safegate MFB Tier 1 Lagos
25 Creekline MFB Delta Tier 2
26 Bestar MFB Tier 1 Oyo
27 Livingspring MFB Tier 1 Cross River
28 Apple MFB Tier 2 Ogun
29 Stanford MFB State Uyo
30 Frontline MFB Tier 2 Anambra
31 Zafec MFB Tier 2 Kaduna
32 Supreme MFB Tier 1 Lagos
33 Bejin-Doko MFB Tier 2 Niger
34 Kanopoly MFB Tier 1 Kano
35 Bellbank MFB formerly Tsanyawa Tier 2 Kano
36 Yeneng MFB Tier 2 Plateau
37 Creditville MFB Tier 1 Lagos
38 MBAG MFB Tier 1 Lagos
39 STRAIGHT SAHARA MFB Tier 1 Benue
40 OURPASS MFB Tier 2 Ondo
41 VERDANT MFB Tier 1 Lagos
42 BASAWA MFB Tier 2 Kaduna
43 CASHA MFB Tier 2 Abuja
44 ESTEEM MFB Tier 2 Kano
45 ENTERPRENEUR MFB Tier 1 Lagos
46 AVANTUS MFB Tier 2 Osun

 

NDIC Appointed Official Liquidator as CBN Revokes Licenses of 46 Microfinance Firms

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Following the revocation of the operating licenses of 46 Microfinance Banks (MFBs) by the Central Bank of Nigeria (CBN), on July 1, 2026, the Nigeria Deposit Insurance Corporation (NDIC), has been appointed as the official Liquidator, pursuant to Section 12 (2) of BOFIA 2020, and Section 55 (1 & 2) of the NDIC Act 2023.

It is in this capacity that the Corporation wishes to inform the depositors of the banks in particular and the general public in general that the affected institutions are no longer authorised to conduct banking business in Nigeria.

Consequently, members of the public are strongly advised against any unauthorised transaction with the closed banks, or any attempt by individuals to remove, conceal, retain, or interfere with the assets, records, or properties of the banks, as this may constitute a violation of the law that could attract appropriate legal consequences.

The NDIC has commenced the process of the orderly closure of the failed banks with their immediate takeover, verification and payment of insured sums to eligible depositors.

Depositors and the general public would be duly informed on an ongoing basis on further steps to be taken regarding the liquidation exercise.

The list of the affected MFBs is as follows:

S/NO MFB CATEGORY   STATE
1 Minji-Se Churchill MFB Tier 1 Rivers
2 Merchant MFB Tier 2 Abia
3 Janmaa MFB Tier 1 Kwara
4 Busu MFB Tier 2 Niger
5 Gold MFB Tier 1 Lagos
6 Zain MFB (foremerly Dawakin Tofa MFB) Tier 2 Kano
7 Bompai MFB Tier 1 Kano
8 Ajwa MFB (Formerly Gezawa) Tier 2 Kano
9 Now Now Digital MFB Tier 2 Kano
10 Crystabel Microfinance Bank Tier 1 Bayelsa
11 Chanelle MFB State Lagos
12 Abia SME MFB Tier 1 Abia
13 Kamba MFB Tier 2 Kebbi
14 Iwade MFB Tier 2 Ogun
15 Winview MFB Tier 1 Abuja
16 Zuru MFB Tier 2 Kebbi
17 Minjibir MFB Tier 1 Kano
18 Shanono MFB Tier 2 Kano
19 Sumaila MFB Tier 2 Kano
20 Rimin Gado MFB Tier 2 Kano
21 Mwaghavul MFB State Plateau
22 Sycamore MFB Tier 2 Kano
23 TOFA MFB Tier 2 Kano
24 Safegate MFB Tier 1 Lagos
25 Creekline MFB Delta Tier 2
26 Bestar MFB Tier 1 Oyo
27 Livingspring MFB Tier 1 Cross River
28 Apple MFB Tier 2 Ogun
29 Stanford MFB State Uyo
30 Frontline MFB Tier 2 Anambra
31 Zafec MFB Tier 2 Kaduna
32 Supreme MFB Tier 1 Lagos
33 Bejin-Doko MFB Tier 2 Niger
34 Kanopoly MFB Tier 1 Kano
35 Bellbank MFB formerly Tsanyawa Tier 2 Kano
36 Yeneng MFB Tier 2 Plateau
37 Creditville MFB Tier 1 Lagos
38 MBAG MFB Tier 1 Lagos
39 STRAIGHT SAHARA MFB Tier 1 Benue
40 OURPASS MFB Tier 2 Ondo
41 VERDANT MFB Tier 1 Lagos
42 BASAWA MFB Tier 2 Kaduna
43 CASHA MFB Tier 2 Abuja
44 ESTEEM MFB Tier 2 Kano
45 ENTERPRENEUR MFB Tier 1 Lagos
46 AVANTUS MFB Tier 2 Osun

 

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.

 

 

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