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DataPro: Capital Follows Confidence: The Rating Intersection

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Economic development is often discussed in terms of infrastructure, industrialisation, innovation, and public policy. Yet behind each of these lies a common requirement: capital. Businesses need financing to expand production, governments require funding to build infrastructure, and entrepreneurs depend on investment to transform ideas into enterprises.

The availability of capital, however, is only part of the equation. More important is investors’ and lenders’ willingness to commit to it. In financial markets, capital does not simply follow opportunity; it follows confidence.

This is where credit ratings intersect with economic development.

While credit ratings are commonly viewed as opinions on the creditworthiness of issuers, their broader significance lies in the confidence they bring to financial markets. By providing an independent assessment of credit risk, they help bridge the information gap between those seeking capital and those willing to provide it. In doing so, they support one of the most fundamental drivers of economic development—the efficient allocation of financial resources.

Confidence as an Economic Asset

Investment is inherently forward-looking. Every lending or investment decision reflects an expectation about the future: Will the borrower meet its obligations? Will the project generate sufficient returns? Will the risks remain manageable over time?

Without credible information, these questions become difficult to answer. Uncertainty increases, and investors demand higher returns to compensate for perceived risk or avoid committing capital altogether.

Credit ratings reduce this uncertainty by offering an informed and independent assessment of credit risk. Although they do not eliminate risk, they provide a common reference point that enables market participants to make better-informed decisions. In this sense, credit ratings contribute not only to market transparency but also to the confidence that underpins investment.

From Confidence to Capital Formation

When investors have greater confidence in the quality of available information, capital can be allocated more efficiently.

For businesses, this may translate into broader access to funding and, in many cases, more favourable borrowing terms. For investors, it facilitates the comparison of credit risk across different issuers, sectors, and instruments. For financial markets, it improves liquidity and supports the development of a more diverse investor base.

These outcomes extend beyond individual transactions. As businesses secure financing to expand operations, invest in productive assets, and create employment, the effects are transmitted through the wider economy. In this way, credit ratings contribute indirectly to economic growth by supporting the movement of capital towards productive activities.

The Broader Development Impact

The influence of credit ratings extends beyond individual issuers.

Governments seeking to finance infrastructure, financial institutions raising capital, and corporations funding expansion all operate within a financial ecosystem where investor confidence matters.

Reliable credit assessments help strengthen that ecosystem by supporting more efficient capital allocation and reducing informational barriers between borrowers and investors.

Their contribution, therefore, extends beyond credit analysis itself. By facilitating investment and enhancing the efficiency of financial markets, credit ratings help create an environment where capital can be mobilised and directed towards productive economic activities.

Ultimately, economic development depends not only on the availability of capital but also on the confidence that enables it to flow. By strengthening transparency, reducing information asymmetry and supporting informed investment decisions, credit ratings help create the conditions under which capital is deployed more efficiently, reinforcing their role as an important enabler of sustainable economic development.

11 Poets Chase $100,000 Prize as The Nigeria Prize for Literature Unveils 2026 Poetry Longlist

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Eleven outstanding poetry collections have emerged on the longlist of The Nigeria Prize for Literature, selected from 223 received for the competition.

The announcement by the Chairman of the Advisory Board for the Prize, Prof. Akachi Adimora-Ezeigbo marks a significant milestone in this year’s competition and reflects the exceptional quality, creativity and diversity of contemporary poetry.

The longlisted titles, arranged alphabetically are:

  • Adult Love by Tanure Ojaide
  • Bakandimiya by Saddiq Dzukogi
  • Black Passport by Paul Akpomuje
  • 2000 Blacks by Ajibola Tolase
  • Ceremony for The Nameless by Theresa Lola
  • Corpus: Animistic Verses by Ayo Oyeku
  • Floral’s Love Colony by Tares Oburumu
  • The Origin of Wounds by Malik Gbolahan
  • The Years of Blood by Adebayo Agarau
  • Unbind Me Now by James Ugwu Eze 
  • Why Does God Need a Gun by Ogaga Ifowodo

Professor Adimora-Ezeigbo described the announcement as an important stage in the 2026 edition of the arguably African biggest and most prestigious literary Prize.

She noted that the collections demonstrate the remarkable capacity of poetry to illuminate human experience through thoughtful reflection, cultural memory and artistic expression.

Prof. Adimora-Ezeigbo added that the works revisit history while interrogating dominant historical narratives and exposing the forces that shape collective identities and social relations.

She stated that despite their varied emphases, the books share a commitment to exploring the endurance of individuals and communities in the face of violence, oppression, and social fragmentation.

Commenting on style and language, Prof. Adimora-Ezeigbo said the books display an impressive diversity of poetic techniques marked by lyrical intensity, symbolic depth, and artistic innovation.

“Many employ densely poetic, allegorical, and elegiac modes that invite multiple layers of interpretation, while others draw extensively on folklore, oral traditions, and contemporary realities to create a compelling fusion of past and present. Their language is generally fluid, evocative, and aesthetically refined, relying on vivid imagery, emotional resonance, and intellectual sophistication to communicate complex ideas. These works demonstrate how poetic language can illuminate social realities; challenge established perspectives and give voice to both individual and collective experiences.

“The next stage will demand a closer reading of each work, with attention to language, form, originality and lasting literary value,” she stated.

She also commended the judges for their work and reaffirmed the Advisory Board’s commitment to a credible process, literary excellence, and the promotion of a strong reading culture.

The announcement of the 11-title longlist formally opens the next phase of the shortlist of three in August and possible announcement of the winner in October.

The Nigeria Prize for Literature, sponsored by NLNG, carries a cash award of $100,000 for the author of the winning book. In its 22nd year, the prize rotates annually across four genres – prose fiction, poetry, drama and children’s literature – with the 2026 edition devoted to poetry.

CBN Gov, Yemi Cardoso, to Speak at Business Journal Fintech & Financial Inclusion Roundtable 2026

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Mr. Olayemi Cardoso, Governor, Central Bank of Nigeria (CBN) will speak as 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 CBN confirmed the participation of Yemi Cardoso at the Roundtable over the weekend.

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

Other Special Guests of Honour include Dr. Aminu Maida, Executive Vice-Chairman/CEO, Nigerian Communications Commission (NCC) and Mr. Olusegun Omosehin, Commissioner for Insurance/CEO, National Insurance Commission (NAICOM) while Dr. Umaru Kwairanga, Group Chairman, Nigerian Exchange Group (NGX) will Chair the event.

The Keynote Speakers include Mr. Emmanuel Ovaga, CEO, PufferPay Limited and Dr. Chinyere Almona, Director-General/CEO, Lagos Chamber of Commerce & Industry (LCCI).

The Guests of Honour are Mr. Jide Orimolade, President/Chairman of Council, Chartered Insurance Institute of Nigeria (CIIN) and Mrs. Ekeoma Ezeibe, President/Chairman of Council, NCRIB.

Distinguished members of the Panel include:

  • Dr. Muda Yusuf, CEO, Centre for the Promotion of Private Enterprise (CPPE)
  • Mrs. Idu Okeahialam, Group Managing Director/CEO, Royal Exchange Plc
  • Dr. Obioha Oti, President, Association of Mobile Money and Bank Agents in Nigeria (AMMBAN)
  • Mr. Sarafadeen Fasasi, President, Association of Financial Inclusion Agents of Nigeria (AFIAN)
  • Chidubem Emelumadu, Ecosystem Lead (Africa), Lisk
  • Sola Longe-Okenimkpe, Chief Operating Officer of Vuvu Africa

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.

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 general public.

 

 

 

Leadway Assurance Champions Insurance Adoption in Nigeria’s Creative Sector

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Leadway Assurance, Nigeria’s leading insurance services provider and a subsidiary of Leadway Group, a foremost non-banking financial services and wellbeing conglomerate, has partnered with Insurtainment, a platform dedicated to advancing insurance adoption across the entertainment and creative sectors, to accelerate insurance penetration within Nigeria’s creative economy.

The partnership officially commenced with Leadway’s participation in the Insurtainment Policy & Industry Forum 2026, a high-level roundtable held on Tuesday, 14 July 2026. The forum provided a platform for stakeholders to explore practical insurance solutions tailored to the unique needs of the entertainment industry.

The engagement brought together representatives from the film, music, television, gig economy, and broader entertainment sectors, alongside insurers, policymakers, regulators, and other key stakeholders, to drive conversations about strengthening risk protection, fostering innovation, and supporting the sector’s long-term sustainability.

Beyond the inaugural forum, the collaboration establishes a platform for sustained engagement between Leadway and Insurtainment to deepen insurance awareness, encourage product innovation, and support the adoption of insurance solutions that enhance resilience across Nigeria’s fast growing creative economy.

Commenting on the partnership, Gboyega Lesi, the Managing Director of Leadway Assurance, described it as a strategic investment in one of Nigeria’s most vibrant economic sectors.

He said: “With Nigeria’s entertainment and media sector expected to generate nearly US$4.9 billion in revenue in 2026, the country’s creative industry has become a powerful driver of economic growth, employment, investment, and global cultural influence. As the industry continues to evolve, insurance must be positioned as a strategic enabler of growth and innovation by protecting the people, productions, and businesses that matter.”

“Our partnership with Insurtainment reflects Leadway’s belief that meaningful progress happens when industries collaborate to solve shared challenges. By bringing together insurers, policymakers and creative professionals, we can develop practical solutions that respond to the realities of the entertainment industry, giving creators, investors and businesses the confidence to pursue bigger opportunities while safeguarding the value they create.”

Delivering the keynote address at the forum, Olawale Alao, Head of Commercial (B2B), Leadway Assurance, highlighted the critical role of insurance in unlocking the full potential of Nigeria’s entertainment industry.

“Nigeria’s creative economy is one of our strongest levers for diversification, job creation, and global competitiveness, but ambition alone doesn’t build an industry. For too long, insurance has been treated as a formality, a box ticked or a claim filed after the damage is done. At Leadway, we take a different view. Insurance is what gives the creative economy the confidence to scale, and where value is protected, capital follows.

” Leadway’s partnership with Insurtainment reinforces the company’s strategic efforts to drive insurance inclusion across critical sectors by developing innovative, fit-for-purpose solutions that protect individuals, talent, and businesses, empower entrepreneurs, and contribute to Nigeria’s long-term economic development.

 

About Leadway Assurance

Leadway Assurance is one of Nigeria’s foremost non-banking financial services groups, offering diversified solutions across insurance, pensions, health, and asset management.

Founded in 1970, the company has built a legacy of trust and innovation, serving millions of individuals and businesses across Nigeria and West Africa.

 

Dangote Refinery Completes Landmark $2.5bn Private Equity Placement

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Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has successfully completed a landmark Private Equity Placement that raised approximately US$2.5 billion in new equity, following a highly successful offering.

The transaction, which is believed to be Africa’s largest publicly disclosed primary equity private placement, marks a significant milestone in the history of the company and demonstrates strong investor confidence in the refinery’s long-term growth strategy and operational excellence.

The capital raise is the first equity funding round involving external investors beyond the company’s legacy shareholder base, underscoring the growing attractiveness of DPRP as a world-class energy and industrial enterprise.

The proceeds from the placement will be deployed to support the continued expansion of the refinery and petrochemical complex, strengthen the company’s capital structure, and enhance financial flexibility to pursue future growth opportunities.

The offering attracted broad participation from international and African institutional investors, sovereign-related investment vehicles, development finance institutions, strategic partners, and individual investors.

Notable participants included the Africa Finance Corporation (AFC) and India Infra Buildco, an investment vehicle facilitated by the African Export-Import Bank (Afreximbank), reflecting deep and diversified confidence in DPRP’s long-term prospects.

Commenting on the successful transaction, Aliko Dangote, President and Chief Executive of Dangote Industries Limited and Chairman of DPRP, described the placement as a strategic milestone in the company’s evolution.

“This transaction represents a strategic step to deepen and further institutionalise the Enterprise’s shareholder base, while raising capital to complement our internal cash flows and external funding as DPRP advances its expansion agenda.

It also demonstrates our unwavering commitment to developing Africa’s refining and petrochemical capacity, reducing dependence on imported petroleum products and strengthening the continent’s energy security.”

Also speaking on the development, David Bird, Managing Director and Chief Executive Officer of Dangote Petroleum Refinery & Petrochemicals, said the overwhelming investor response validates the company’s operational performance and growth outlook.

“The exceptional demand we witnessed is a testament to our operational excellence, execution capability and the confidence investors have in DPRP’s leadership and future potential.”

With the successful completion of the placement, DPRP is well-positioned to accelerate its long-term growth strategy while strengthening Africa’s energy security through world-scale refining and petrochemical capacity. The strong investor response further reinforces confidence in the company’s vision and its ability to deliver sustainable value over the long term.

The company also acknowledged the contributions of its professional advisers and partners whose expertise and support were instrumental in delivering the successful transaction.

 

NGX Chair: Africa Has a Unique Opportunity to Participate, Shape Global Financial System

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The talking points by Dr. Umaru Kwairanga, Group Chairman, Nigerian Exchange Group (NGX) at the Royal African Society’s 125th Anniversary Flagship Business Event in London, UK.

Talking Points

As we reflect on the next 125 years of global capital markets, I believe Africa has a unique opportunity, not simply to participate in the global financial system, but to help shape its future.

For too long, conversations about Africa have focused on what the continent lacks. I think the conversation should now shift to what Africa possesses: a young population, abundant natural resources, growing entrepreneurial talent, and increasingly sophisticated financial institutions.

The real question is this: how do we convert that potential into sustainable economic prosperity?

My answer is straightforward, through strong, trusted and innovative capital markets.

Capital markets do much more than facilitate trading. They connect savings with productive investment. They provide businesses with long-term capital to grow. They create opportunities for wealth creation, improve transparency and governance, and ultimately contribute to national development.

In Nigeria, we have seen this firsthand. Our market has played an important role in mobilising capital for businesses and supporting major economic reforms. We are also investing in technology to make our markets more accessible, efficient and inclusive, ensuring that more people can participate in wealth creation.

But no African market can achieve its full potential in isolation.

The future lies in greater collaboration across our exchanges. We should be working towards deeper market integration, easier cross-border investment, greater regulatory cooperation and shared market infrastructure. When African markets become more connected, they become more attractive to both domestic and international investors.

We must also recognise that the next generation of investors expects something different. They want markets that are digital, transparent and sustainable. Technology, artificial intelligence and better data will define the competitiveness of exchanges over the coming decades.

Perhaps most importantly, Africa must increasingly finance its own growth.

Our pension funds, insurance assets and institutional investors represent enormous pools of long-term capital. We should create the right environment for more of that capital to be invested in African businesses and infrastructure. External investment will always be welcome, but domestic capital provides resilience and long-term stability.

If I were to leave one thought with this audience, it would be this:

Africa’s greatest resource is not beneath the ground; it is the ingenuity of its people. Our responsibility is to build capital markets that unlock that ingenuity, finance innovation and create opportunities for generations to come.

If we get that right, I believe the next 125 years will see Africa move from being viewed as a frontier of opportunity to becoming a recognised centre of global investment and economic leadership.

 

 

Linkage Assurance Plc Raises N16.2bn from Rights Issue Towards Recapitalisation

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Linkage Assurance Plc announces the successful completion of its N16.2 billion Rights Issue, which opened on March 11, 2026 and closed on April 23, 2026.

Following the approval of the Securities and Exchange Commission (SEC) all the shares have been allotted to the subscribers of the issue and the shares have been listed on the Nigerian Exchange Limited (NGX.)

The rights issue was undertaken in response to the NAICOM’s directive on the recapitalisation of insurance companies in Nigeria.

The conclusion of the capital-raising which was fully subscribed reflects the continued confidence of stakeholders in the company’s Board and Management, governance, financial performance and strategic direction.

The company remains committed to full regulatory compliance and prudent risk management. With its strengthened capital base, the company is well positioned to provide more robust service to its teeming customers and deliver sustainable value to stakeholders.

The proceeds from the issue will be used to meet the minimum capital requirement, in compliance with the new regulatory capital requirements, and to implement business expansion in line with the long-term strategic focus of the company.

 

Joke Silva, Audu Maikori, Steve Babaeko to Speak at QEDNG Creative Powerhouse Summit 2.0

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Veteran actress, Joke Silva, creative economy strategist, Audu Maikori and advertising executive, Steve Babaeko are among eight accomplished professionals confirmed as panellists for the second edition of the QEDNG Creative Powerhouse Summit.

Also billed to speak at the summit are technology and finance content creator, Fisayo Fosudo, talent manager and music executive, Efe Omorogbe, media and intellectual property, lawyer Omotayo Inakoju, theatre practitioner and culture administrator, Yibo Koko, and publisher, Anwuli Ojogwu.

The announcement was made by Mighty Media Plus Network Limited, publishers of the online newspaper QEDNG.

QEDNG Creative Powerhouse Summit 2.0 is themed Creativity, Culture and Nigeria’s Next Chapter. It will examine how stronger partnerships among government, investors and the creative community can unlock opportunities for growth, job creation and sustainable development.

The summit, scheduled for Tuesday, August 11, 2026, at Radisson Blu Hotel, Ikeja GRA, Lagos, will bring together leaders from the creative industries, business, government and technology for conversations on the future of Nigeria’s creative economy. Discussions will explore the role of culture, innovation, investment and public policy in shaping the sector’s next phase of growth.

Joke Silva, a Member of the Order of the Federal Republic (MFR), has spent more than four decades building a distinguished career on stage, television and film. Beyond acting, she is co-founder of the Lufodo Group, president of Women in Film and TV Nigeria and chair of the board of trustees of the Centre for Contemporary Arts, Lagos.

Joining her is Audu Maikori, co-founder and chairman of Chocolate City Group. A lawyer, entrepreneur and creative economy strategist, he has helped shape Africa’s music and entertainment industry while contributing to policy, intellectual property and creative infrastructure initiatives in Nigeria and other parts of the continent.

Steve Babaeko, founder and chief executive officer of X3M Ideas, is one of Africa’s leading advertising and branding professionals. Through his agency, he has led award-winning campaigns for major brands while mentoring young creatives and promoting African creativity on the global stage.

Efe Omorogbe has worked across music, media, film and live entertainment for more than two decades. As founder of Now Muzik and Buckwyld Media Network, he has managed leading artistes, produced major entertainment events and contributed to the growth of Nigeria’s music industry. He is also a faculty member of the Music Business Academy for Africa.

Omotayo Inakoju is head of legal at EbonyLife Group, where she leads legal strategy for film, television and streaming projects. A media and intellectual property lawyer, she has advised international studios, production companies and content creators on content licensing, rights management and digital distribution.

Yibo Koko is director general and chief executive officer of the Rivers State Tourism Development Agency. A theatre practitioner, filmmaker and cultural administrator, he has led major cultural and tourism initiatives while building a career across stage, screen and the creative industries.

Anwuli Ojogwu is co-founder of Narrative Landscape Press, one of Nigeria’s leading independent publishing houses. She has spent two decades working across publishing, media and development while championing African writing and editorial excellence. She is also co-founder of the Society for Book and Magazine Editors of Nigeria.

Fisayo Fosudo is one of Nigeria’s leading technology and finance content creators. Through his videos on technology, personal finance and the Nigerian economy, he has built an audience of more than 1.5 million followers across digital platforms. His work has earned recognition for making complex subjects easier to understand.

Commenting on the panel, QEDNG publisher and convener of the summit, Olumide Iyanda, said the speakers were chosen because they represent key pillars of Nigeria’s creative ecosystem.

Former NBA President, Olisa Agbakoba, to Chair GOCOP 2026 Confab in Lagos Oct 8

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Former President of the Nigerian Bar Association (NBA), Dr. Olisa Agbakoba, SAN, has accepted to chair the 10th Annual Conference of the Guild of Corporate Online Publishers (GOCOP), scheduled for Thursday, October 8, 2026 in Lagos.

Chairman of the 2026 Conference Planning Committee, Olumide Iyanda, announced this in a statement by the Guild’s Publicity Secretary, Kemi Yesufu.

According to Iyanda, this year’s conference, themed “2027 Elections: Trust, Transparency and Shared Responsibilities,” comes at a defining moment for Nigeria as political activities begin to gather momentum ahead of the next general elections.

He said the theme reflects the importance of credible institutions, responsible political leadership, an informed electorate and a vigilant media in strengthening public confidence in the democratic process.

“The conference will provide a platform for thoughtful engagement on how government, political actors, the media and civil society can work together to promote transparency and protect the integrity of Nigeria’s electoral process,” he said.

Iyanda described Agbakoba as an outstanding choice to preside over the conference, noting that few Nigerians have contributed as consistently to the country’s democratic development and the advancement of the rule of law.

He said the Senior Advocate of Nigeria has, over several decades, earned national and international respect through his work as a lawyer, public intellectual and advocate of institutional reforms, making him well suited to lead discussions on the responsibilities that accompany democratic governance.

Iyanda added that the 2026 conference is particularly significant as it marks the 10th edition of GOCOP’s annual gathering, which has become one of the country’s leading platforms for serious conversations on governance, public policy, the media and national development.

Established to promote ethical standards, professionalism and credibility in online journalism, GOCOP is an association of 127 leading online publishing organisations. Its membership comprises editors and senior journalists who distinguished themselves in print and broadcast journalism before establishing independent online news platforms.

Over the years, the Guild has championed responsible journalism, media self-regulation and professional excellence while contributing meaningfully to public discourse and democratic development in Nigeria.

Mutual Benefits Assurance Leads with Employee Wellness Initiative

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Mr. Femi Asenuga

Managing Director/CEO

Mutual Benefits Assurance Plc

Mutual Benefits Assurance Plc in partnership with Hallmark Health Services Limited (Hallmark HMO), a subsidiary of Consolidated Hallmark Holdings Plc has reaffirmed its commitment to employee wellbeing by hosting the Retail Aerobic Dance & Wellness Day 2026, a vibrant initiative designed to promote healthy living, preventive healthcare and workplace wellness among its Retail Team.

Held under the theme “Sweat It Out!”, the event brought together Retail Managers across Mutual Benefits for an engaging day of fitness, health education and preventive medical screening.

The programme featured an enlightening health talk on Cardiovascular Health delivered by medical professionals from Hallmark HMO, alongside complimentary health screenings, including blood pressure and other vital health checks. Participants also took part in an energetic aerobic dance session aimed at encouraging active lifestyles while fostering teamwork, camaraderie, and employee engagement.

Speaking at the event, Alexander Lawal, Chief Retail Officer, Mutual Benefits Assurance Plc emphasised that employee wellbeing remains fundamental to the company’s long-term success.

“Our people are our greatest asset. As an organisation that exists to provide security and peace of mind to millions of Nigerians, we recognise that this responsibility begins with caring for our own employees. The Retail Aerobic Dance & Wellness Day reflects our commitment to creating a workplace where our people are healthy, motivated, resilient and equipped to deliver exceptional service to our customers.”

Lawal added that promoting healthy lifestyles among employees contributes to higher productivity, stronger collaboration and a culture of excellence across the organisation.

Also speaking on the significance of the event, Dr. (Mrs.) Dotun Adeogun, Chief Executive Officer of Hallmark HMO, highlighted the importance of preventive healthcare in today’s workplace.

“Wellness should never be viewed as an occasional activity but as an essential part of everyday life. Many lifestyle-related illnesses, particularly cardiovascular conditions, can be prevented through regular health checks, physical activity and healthier daily habits. We commend Mutual Benefits for prioritising the wellbeing of its workforce and demonstrating leadership in creating a healthier workplace culture.”

The event concluded with an exciting aerobic fitness session, interactive wellness activities and prize presentations, reinforcing the message that healthy employees are happier, more engaged and better positioned to drive organisational success.

The Retail Aerobic Dance & Wellness Day forms part of Mutual Benefits’ broader employee engagement and wellness initiatives aimed at fostering a high-performing workforce, while encouraging healthier lifestyles across the organisation.

Mutual Benefits Assurance Plc is one of Nigeria’s leading insurance companies, with over 30 years of experience in providing reliable and innovative Life and General Insurance solutions to individuals, families and businesses.

With a customer-centric approach built on trust, reliability and service excellence, the company remains committed to protecting lives, preserving assets and creating lasting value for its stakeholders through accessible insurance solutions and responsible corporate citizenship.

Hallmark Health Services Limited (Hallmark HMO) is a leading Health Maintenance Organisation in Nigeria, committed to delivering quality, accessible, and affordable healthcare solutions to individuals and corporate organisations.

Through an extensive provider network and a strong focus on preventive healthcare, wellness promotion and customer satisfaction, Hallmark HMO continues to improve health outcomes and support healthier communities across Nigeria.

 

Heirs MD, Wole Fayemi: Nigeria Cannot Solve Housing Challenge Without Insurance Protection

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At the recently concluded 20th Africa International Housing Show 2026, Wole Fayemi, MD/CEO, Heirs General Insurance, a member of Heirs Insurance Group, challenged policymakers, developers, financiers, and homeowners to rethink the country’s housing agenda by placing risk protection at the centre of national conversations.

Participating in a panel session on advancing affordable housing and strengthening collaboration across the housing value chain, Fayemi argued that increasing the supply of homes, while essential, will never be sufficient if the homes themselves remain vulnerable to preventable risks.

He said: “A housing policy that focuses solely on construction is incomplete. The true measure of success is not only the number of homes we build, but how effectively we protect the people, investments and communities those homes represent.”

As Nigeria intensifies efforts to bridge its housing deficit, one critical question continues to receive far less attention than it deserves: what happens after the keys are handed over?

Fayemi’s remarks come against the backdrop of recurring building collapses across Nigeria, incidents that have resulted in the tragic loss of lives in thousands, significant economic waste, and declining public confidence in the built environment. While regulatory reforms continue to evolve, Fayemi stressed that insurance must move from being viewed as a compliance requirement to becoming an integral pillar of responsible housing development.

Referencing the recently introduced NIIRA Act, 2025, he noted that both developers and occupiers have a critical responsibility to insure properties, not merely to satisfy legal obligations, but to strengthen resilience across the housing ecosystem.

“Every building represents years of investment, aspiration and sacrifice,” he said. “When those assets are left uninsured, the consequences extend far beyond individual property owners. Families are displaced, businesses are disrupted, financial institutions are exposed and national development suffers.”

Fayemi further observed that achieving affordable housing requires stronger collaboration across government, regulators, developers, insurers, financial institutions, and ultimate beneficiaries – the homeowners. According to him, integrating insurance into housing finance and development from the outset will improve investors’ confidence, encourage more sustainable developments, and help create communities that can better withstand unforeseen events.

He also called for greater public awareness of the role insurance plays in wealth preservation and economic stability, noting that many Nigerians continue to view insurance as an afterthought rather than a strategic safeguard.

“Insurance should not begin when disaster strikes; it should begin when plans are being drawn,” he said. “If we are serious about creating sustainable cities and protecting the wealth of future generations, then insurance must become part of every housing conversation.”

As Nigeria continues to pursue ambitious housing initiatives, Fayemi believes the conversation must evolve beyond the number of housing units delivered to the long-term resilience of the assets being created.

The question, he suggested, is no longer whether Nigeria can build more homes. It is whether the nation is equally committed to protecting them.

 

About Heirs Insurance Group

Heirs Insurance Group is the insurance arm of Heirs Holdings, the leading pan-African investment company, with investments across 24 countries and four continents.

With a rapidly expanding retail footprint and an omnichannel digital presence, Heirs Insurance Group, comprising Heirs General Insurance Limited, Heirs Life Assurance Limited, and Heirs Insurance Brokers, serves both corporate and individual customers across Nigeria.

Heirs Insurance Group is championing financial inclusion and leading the digital insurance play in Nigeria, demonstrating its mission to democratise access to insurance.

 

 

NAICOM Commends Senate on Passage of National Insurance Regulatory Commission Bill

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The National Insurance Commission (NAICOM) extends its profound appreciation to the leadership of the Senate and to Senator Adetokunbo Mukail Abiru, Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, for their pivotal role in the successful passage of the National Insurance Regulatory Commission Bill in the Red Chamber.

This landmark legislation is a major milestone in strengthening the regulatory framework of Nigeria’s insurance industry.

With enhanced oversight, transparency, and accountability, the Bill will deepen public confidence, attract investment, and promote sustainable growth that benefits policyholders, operators, and the broader economy.

NAICOM acknowledges the vision, dedication, and collaborative spirit demonstrated by the Senate leadership and Senator Abiru in championing reforms that will modernise insurance regulation and advance financial inclusion in Nigeria. Their commitment underscores the importance of this achievement for the protection of citizens and the stability of the financial sector.

The Commission reaffirms its readiness to ensure the effective implementation of the provisions of the new law once signed, and to continue working closely with all stakeholders to position the insurance industry as a catalyst for national development.

 

The Business of Staying Relevant: How Personal Branding Creates Career Longevity

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By Teddy Esosa Don-Momoh (Teddiizzle)

Life has taught me that success is rarely measured by how many times you win. It is measured by how many times life knocks you down and you still choose to rise.

For many people, my recent appointment as Head of Konga FM/TV, coupled with the birth of my beautiful daughter with my wife, Lara Kadayisi Don-Momoh, looks like a season of celebration.

It is.

But every public victory has a private story.

Years ago, I lost my first wife, Kefee “Branama Queen” Don-Momoh. It was one of the darkest seasons of my life. No promotion, award or applause could fill that void.

As a broadcaster, I still had to sit behind the microphone. I still had to smile on air, prepare programmes and connect with listeners. Few people knew that, after the red light went off in the studio, I was carrying a grief that words could barely describe.

I had two choices: allow pain to define me or allow purpose to sustain me.

I chose purpose.

For more than twenty years, broadcasting has been more than a career; it has been my calling. Through changing media landscapes, evolving technology and shifting audiences, one thing kept me relevant not luck, but consistency.

In today’s world, your greatest career asset is your personal brand.

Titles change. Companies change. Platforms change. But credibility, integrity and the value people associate with your name travel wherever you go.

Long before I became Head of Konga FM/TV, I had spent years building trust, serving audiences, mentoring young broadcasters and showing up even when life felt heavy.

That is the business of staying relevant.

Personal branding is not about popularity. It is about becoming known for excellence so that opportunities begin to look for you.

Looking back, I now understand that every challenge was preparing me for leadership.

Leadership is not built in moments of comfort. It is forged in adversity.

Today, while embracing the responsibility of leading Konga FM/TV, I have also received another priceless blessing welcoming a baby girl into our family.

Her arrival reminds me that God has a remarkable way of restoring hope. Sometimes, what feels like the end of your story is only the end of one chapter.

Many people today are carrying invisible burdens. Some have lost loved ones. Others have lost businesses, careers, relationships or dreams they worked years to build.

My message to them is simple: don’t stop building yourself because life became difficult.

Continue learning.

Continue serving.

Continue protecting your reputation.

Continue investing in your name.

Because while you are waiting for your breakthrough, your character is preparing you to sustain it.

Sometimes life delays you because it is developing you.

Sometimes your greatest promotion comes after your greatest test.

And sometimes your biggest blessings arrive together, just when you had almost stopped expecting them.

As I reflect on this new season, I do so with gratitude not because my journey has been easy, but because I refused to quit.

If my story leaves one lesson, let it be this:

Your circumstances may interrupt your journey, but they should never interrupt your purpose.

Build your name.

Protect your reputation.

Serve consistently.

Stay relevant.

Because when preparation meets God’s timing, what looks like years of waiting can become a season of double blessings.

 

About Teddy Esosa Don-Momoh

Teddy Esosa Don-Momoh (Teddiizzle) is the Head of Konga FM/TV, a veteran broadcaster, recording and voice-over artist, creative/video director, and media executive with over 20 years of experience in Nigeria’s media and entertainment industry.

He writes on leadership, relationships, resilience, media, and career development.

 

When the Rain Becomes the Messenger: Lagos Is Not Flooding by Accident

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·         How We Buried Our Drains, Burned Our Future and Are Now Blaming the Rain

 

By Moses Braimah

“In Nigeria, when rain falls for just three hours, WhatsApp becomes a rescue centre. Somebody is stranded. Somebody’s car is floating. Somebody is asking for a canoe in Lekki. Then someone will inevitably conclude: ‘This rain is from the village.’ Perhaps not. Perhaps this one came from our own hands.”

Every rainy season in Nigeria follows a familiar script. The rain falls. The roads disappear. Cars become boats. Homes become swimming pools. Government officials promise action. Citizens blame government. Government blames citizens.

Then the sun comes out, floodwaters recede, memories fade, and we return to business as usual, until the next downpour reminds us that nature has a longer memory than we do.

But here is an inconvenient truth. Our cities are not being defeated by nature. They are being defeated by our own choices.

The story of flooding in Lagos and many Nigerian cities is no longer simply about rainfall. It is about governance, environmental stewardship, urban planning, and perhaps most importantly, our collective disregard for the natural systems that once protected us.

Now hear this. The Rain Is Not the Villain! According to the Nigerian Meteorological Agency (NiMet), the 2025 and 2026 Seasonal Climate Predictions warned of above-normal rainfall across many parts of Nigeria. Likewise, the Nigeria Hydrological Services Agency (NIHSA) consistently identifies hundreds of communities across dozens of states as being at significant flood risk each year. The rain did exactly what scientists predicted. However, the real surprise is that many of us behaved as if nobody warned us.

Climate change is certainly making extreme weather more frequent and more intense. The Intergovernmental Panel on Climate Change (IPCC) has repeatedly warned that warming temperatures are increasing the frequency of heavy rainfall events worldwide.

The World Meteorological Organisation (WMO) also notes that urban flooding is becoming one of the fastest-growing climate risks globally.

But climate change alone does not explain why some neighbourhoods flood after two hours of rain while others remain relatively safe. The difference often lies beneath our feet.

What did we do? We closed nature’s escape routes. Rainwater has always known where to go. For centuries it flowed through wetlands, streams, floodplains, forests and natural drainage channels before eventually reaching lagoons and rivers.

Like people without knowledge, we ‘intervened’. We paved almost everything. We filled wetlands. We built on river setbacks. We reclaimed natural floodplains. We removed mangroves. We replaced soil with concrete. Then we wondered why the water refused to disappear. Water has nowhere to go because we have occupied its home.

As environmental planners often remind us, ‘every building constructed on a wetland is effectively asking water to negotiate for space. Water rarely loses that negotiation’.

In another magical move, we turn our drains into refuse dumps. Our drains are clogged with refuse because, for too long, we have refused to confront the consequences of our actions. Plastic bottles, pure water sachets, food wrappers, construction debris, household waste, old mattresses, tyres, and everything except water.

Walk through many communities after rainfall and one uncomfortable truth becomes obvious. Many drainage channels no longer function as drainage channels. They have become unofficial waste bins.

Citizens certainly deserve criticism for indiscriminate disposal of waste. But that is only one side of the story.

Lagos has a waste management problem we can no longer pretend does not exist.

 

Lagos, our Lagos. The commercial heartbeat of Nigeria. The city that prides itself as Africa’s mega city. The warning signs have existed for years. This year’s heavy rains merely exposed what many residents have quietly endured. In the community where I live, household refuse has remained uncollected for more than four months. Unfortunately, this is no longer unusual.

Over the past two years, delays stretching three, four, sometimes even six months have become disturbingly common. Residents are left with impossible choices. Store decomposing waste indefinitely. Dump it illegally. Or burn it. Some reluctantly choose the last option, not because they enjoy polluting the environment, but because they fear disease outbreaks more than smoke.

The result? Communities exchange one environmental disaster for another. Toxic smoke. Air pollution. Respiratory discomfort. Neighbourhood disputes. Children and elderly residents inhaling dangerous fumes. This cannot be the waste management strategy of a 21st-century mega city. The situation becomes even more alarming around major markets and commercial corridors. Refuse heaps now occupy portions of roads meant for vehicles and pedestrians. Environmental sanitation exercises come and go. The refuse remains.

Sometimes waste is removed from blocked drainage channels only to be left beside the gutters for days or weeks. The next rainfall simply washes much of it back into the drains. The cycle begins again.

It would appear that the Lagos State Waste Management Authority (LAWMA), despite the commitment of many of its personnel, is carrying a burden that has outgrown its current operational model. The system is overwhelmed. Pretending otherwise serves nobody. The human cost is bigger than statistics.

Flooding is often discussed using numbers. Properties destroyed. Roads submerged. Economic losses. Insurance claims. But behind every statistic is a family. Someone loses a lifetime investment. Someone’s business inventory disappears overnight. A student loses school books. A trader loses her shop. A family spends weeks repairing walls already weakened by repeated flooding. According to the World Bank, flooding remains one of the costliest natural hazards affecting urban economies, with poor households bearing the greatest burden because they often live in vulnerable locations and have limited resources for recovery.

Meanwhile, the United Nations Environment Programme (UNEP) estimates that nature-based infrastructure such as wetlands, urban forests and green spaces significantly reduces flood risks while improving air quality and public health. Ironically, these are precisely the systems many cities continue to destroy.

Governance Matters Floods are acts of nature. Flood disasters are often failures of governance. Good governance anticipates. It plans, enforces, educates, invests, maintains, and responds. Urban resilience cannot depend solely on emergency responses after floodwaters have entered people’s living rooms. It begins months and years before the first drop of rain falls.

Here comes a new environmental contract. Lagos, and indeed Nigeria, needs a complete rethink of urban waste management. Not cosmetic adjustments. Not temporary interventions. A structural redesign.

Waste management should become a genuinely collaborative enterprise involving residents, Community Development Associations (CDAs), Local Governments and LCDAs, private operators, recyclers, environmental professionals, market associations and state agencies. In fact, the LGAs and LCDAs should be playing a more deeper role in the management and enforcement of the environment waste management. Lagos has grown and gone beyond the present arrangement started over 20 years ago. They should be involved also in the recycling ecosystem. Recycling must move from policy documents into neighbourhood reality.

Communities should be incentivised to separate waste at source. Plastic should become an economic resource rather than a drainage problem. Digital monitoring should improve collection efficiency. Performance indicators should be transparent.

Residents should know when waste collection is expected, and agencies should be accountable when those schedules fail. Equally important is enforcement. Illegal dumping cannot become socially acceptable.

Planning regulations protecting wetlands, river setbacks and drainage corridors must be enforced consistently, irrespective of influence or status. No city successfully manages flooding while simultaneously allowing natural drainage systems to disappear.

 

Finally, Lagos must accelerate the implementation of its flood management strategy by combining engineered infrastructure with nature-based solutions, by expanding drainage where necessary, restoring wetlands where possible, increasing urban tree cover, and ensuring routine maintenance long before the rains arrive.

The choice before us. Perhaps the rain deserves an apology. For years, we have blamed it for problems it did not create. Rain merely exposes the quality of our planning. It reveals whether governance works. It tests whether citizens respect the environment. It uncovers whether institutions respond before crises instead of after them.

As another rainy season unfolds, perhaps the better question is no longer, “Why is Lagos flooding?” The real question is: “How much longer will we continue manufacturing the very disasters we blame on nature?” Because the next time the skies open, the rain will simply do what rain has always done.

The rest will depend on what WE have done before it arrived. And if we continue treating our drains as dustbins and our wetlands as vacant real estate, then we should not be surprised when the water calmly replies in familiar Nigerian fashion:

“Na una call me.”

  • Braimah is an advocate for good governance and sustainable progress

 

emPLE, Ecobank Reward Families, Promotes Financial Literacy with ‘Protecting Little Dreams’ Initiative

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emPLE Nigeria, in partnership with Ecobank Nigeria, has reinforced its commitment to financial inclusion through the Protecting Little Dreams Initiative, a Children’s Day campaign aimed at promoting financial literacy and insurance awareness among children, while encouraging parents to start securing their children’s financial futures from an early age.

The initiative invited children and their parents to participate in a challenge by sharing short videos about the most meaningful thing their parents had ever done for them. Beyond celebrating the parent-child bond, the campaign encouraged meaningful conversations around financial responsibility, long-term planning and the importance of protecting the dreams of the next generation.

The campaign culminated in an award presentation at the Ecobank Head Office in Lagos on June 24, 2026, where five winning families received a combined cash prize of N1.2 million. The grand prize winner received N500,000, the first runner-up N300,000, the second runner-up N200,000, and the fourth- and fifth-place winners each received N100,000.

The initiative is part of emPLE’s broader strategic objective to deepen insurance penetration by increasing awareness and adoption of its retail insurance solutions across Nigeria.

Recognising that financial habits are often formed at home, the campaign was designed to encourage parents to introduce their children to essential financial concepts early, helping them understand the value of saving, financial planning, and protection from a young age.

Speaking on the initiative, Jolaolu Fakoya, Managing Director, emPLE Life Assurance Limited, said, “One of our key priorities this year is to deepen insurance penetration by making insurance easier to understand, more accessible and more relevant to everyday Nigerians. The Protecting Little Dreams Initiative reflects that commitment by introducing families to the importance of financial protection through a simple but meaningful experience. We believe that when children grow up understanding the role insurance plays in protecting dreams and preserving financial stability, we are laying the foundation for a more financially secure society.”

He added, “What has been most inspiring is witnessing families forge lasting memories through conversations that will define their children’s futures. Behind every child’s dream stands a parent who has chosen foresight over hindsight, sacrificing today to secure tomorrow. We consider it a privilege to champion these aspirations, reinforcing for families that safeguarding what matters most is not a response to crisis, but a decision made well before life demands it.”

Commenting on the initiative, Aderonke Smith, Head, Bancassurance, emPLE Nigeria, said:

“At emPLE, we believe financial security starts with intentional planning. Through our partnership with Ecobank, we are making it easier for parents to take meaningful steps towards securing their children’s future. By combining financial education with accessible insurance solutions, we are helping families understand that preparing for tomorrow starts with the decisions we make today. Our goal is not only to protect lives but also to empower families with the confidence to build a more secure future for the next generation.”

As part of the initiative, families received the emPLE Term Life Plan, securing their loved ones’ financial future should the unexpected occur.

The Protecting Little Dreams Initiative reinforces the shared commitment of emPLE and Ecobank to advancing financial inclusion through education, collaboration, and accessible financial protection solutions.

 

About emPLE

emPLE is a Nigerian insurance brand operating through emPLE General Insurance Limited and emPLE Life Assurance Limited, focused on delivering accessible protection solutions grounded in governance discipline, operational excellence, and sustainability.