Digihub Launches Hackathon for Nigerian Innovators, Tech experts, Others to Develop Solutions to Real-World Challenges

27/05/2025

Winners to receive cash rewards, mentorship, others

Digihub Technology Solutions, Benin City, in partnership with Quadorra Technology have launched a hackathon, Innovista Hackathon 1.0 2025 to foster innovation and provide a platform for young Nigerian tech professionals to develop solutions to real-world challenges. Innovista Hackathon 1.0 holds from July 28 to September 13, 2025.

The theme for the event is, “Future Tech: Advancing Health & Finance”. This hackathon explores the powerful intersection of AI, blockchain, biotech, digital health, and fintech, driving breakthroughs that will shape industries and improve lives.

The hackathon will encourage creativity and technological advancement by providing Nigerian tech enthusiasts, Artificial Intelligence enthusiasts, mid-level IT professionals, and software developers, among others the opportunity to innovate, and create impactful digital solutions.

Innovista Hackathon 1.0 promises enticing rewards for top-performing participants with prizes worth over 1 million Naira, including cash rewards, certificates, gadgets, and opportunities for mentorship with industry professionals.

Bernard Anenih, Chairperson of Innovista Hackathon 1.0 and Founder of Quadorra Technology,

says that the overarching vision of the hackathon is to empower innovators, developers, and problem-solvers to come together to harness emerging technologies, build transformative solutions, and push the boundaries of what is possible.

According to him, the mission is “to host hackathons that bring together visionary minds to transform ideas into groundbreaking solutions.” He expressed commitment to fostering creativity, collaboration, and technical excellence, empowering innovators to push the boundaries of technology.

Anenih noted the organisation’s “belief that innovation is fuelled by collaboration, creativity, and a passion for problem-solving. The hackathon is designed to bring together developers, designers, entrepreneurs, and tech enthusiasts to transform bold ideas into real-world solutions.”

Other members of the Innovista Hackathon 1.0 organising team are seasoned tech professionals, Amos Sanmi (Head of Tech & Infrastructure) and Goodnews Eguabor (Head of Partnerships & External Relations).

Registration for the Innovista Hackathon 1.0 is open to tech professionals, programmers, software engineers and health data analysts cum professionals who are passionate about technology and innovation. Registration closes on 5th June 2025.

Experienced professionals, industry leaders, and tech enthusiasts are also invited to apply to be Judges! This presents an opportunity for those who wish to play a key role in evaluating the innovative projects of participants during the hackathon.

Interested participants can visit the official website at https://digihub-ng.tech/innovista-hackathon/ to complete the registration process.

Early registration is encouraged due to limited slots. Updates will be posted on the Facebook, Instagram and LinkedIn platforms of DIgihub Technology Solutions and Quadorra Technology.

#NoNoiseJustSigns: Access Bank Unveils N200m DiamondXtra Season 17 Program to Reward Customers

Business Journal

27/05/2025

L–R: Echezona Ezeuko, Regional Sales Manager, Festac Region, Access Bank PLC; Emmanuel Augustine, Winner, DiamondXtra Promo; Adaeze Ume, Unit Head, Consumer Banking, Access Bank PLC; Pastor Alex Onyeamachi Nwachukwu, Winner, DiamondXtra Promo; and Olukemi Olayinka, Regional Sales Director, Lagos 3 Directorate, Access Bank PLC — during the launch of DiamondXtra Season 17 in Alaba, Lagos.

Access Bank has officially unveiled Season 17 of its flagship loyalty reward scheme, DiamondXtra, with a renewed promise to transform lives and deepen financial inclusion across Nigeria.

To mark the launch, the bank rewarded 165 lucky customers with cash prizes ranging from N5,000 to N100,000 in onsite draws held at the Lagos Trade Fair Complex in Lagos.

DiamondXtra is a hybrid account that merges the benefits of both savings and current accounts. It allows customers to earn interest on deposits while maintaining full transactional functionality.

However, what sets the account apart is its unique reward mechanism—customers automatically qualify for periodic draws that offer life-changing prizes.

One of the major highlights of the new season is the return of the ‘Salary for Life’ initiative, a beloved feature of past seasons. Under this offer, selected winners will receive N200,000 every month for 15 years, amounting to a total benefit of N36 million per winner.

Speaking at the launch event, Adaeze Umeh, Unit Head, Consumer Banking at Access Bank, said: “We are excited to bring back ‘Salary for Life’ in response to customer demand. Winners will receive N200,000 monthly for the next fifteen years. In addition, this year we are introducing digital cluster draws through the Access More app. Customers can generate a referral code and share it with family and friends. Once a group of 50 qualifies, they’ll stand a chance to win N100,000 as a group.”

Umeh also revealed that of the 150 digital clusters planned for the season, 30 will be dedicated exclusively to women—a deliberate move to support the bank’s growing ‘W’ community, which focuses on empowering women through access to finance and opportunities.

Customer feedback played a pivotal role in shaping this year’s prize offerings. According to Umeh, Access Bank routinely polls customers to determine the rewards they prefer.

“The last time they asked for ‘Salary for Life’ was in 2019. Last year, they opted for cars, and we gave out cars. This year, about 40 percent of customers voted for ‘Salary for Life’, and we listened.”

She further explained that three winners will be selected for the salary reward each quarter.

“So far, 131 customers have won ‘Salary for Life’ in previous seasons. These new winners will be joining that exclusive community. We are significantly expanding the scope of rewards this season—from 4,000 winners in Season 16 to a target of 12,000 winners this year with a total sum of N228.7m. That’s three times the number, and it reflects our commitment to mass-market inclusion and social impact.”

The bank has reported that DiamondXtra now boasts over five million account holders, and the bank aims to onboard at least one million more by the end of 2025.

“Our target is not just numbers,” Umeh said. “We want every new and existing customer to experience excellent service, whether in person or digitally. With DiamondXtra, they enjoy interest, convenient banking, and life-changing rewards.”

Also speaking at the event was Olukemi Olayinka, Regional Sales Director at Access Bank, who emphasized the far-reaching impact of the initiative.

“We are thrilled that 165 customers walked away with rewards today, including five individuals who won N100,000 each. Over 33,000 families have benefitted from DiamondXtra since inception. This is about making a difference.”

“Beyond individual rewards, DiamondXtra is also helping entrepreneurs. The scheme now extends support to small and medium-scale enterprises (SMEs) through business training, mentoring, and collateral-free loans.

“It’s more than just savings,” Olayinka noted. “We provide up to ₦10 million in loans based on turnover, without requiring collateral. We guide customers through business challenges, offering the kind of support that ensures sustainability.”

She added that the bank’s continuous reward programme also plays a role in driving financial inclusion.

“Many people are joining the formal banking system for the first time because of DiamondXtra. We’ve acquired thousands of new accounts through this initiative, while also keeping our existing customers actively engaged. To join the winning train and stand a chance to win our mouth-watering cash prizes this season, simply dial *901*5# or walk into any of our branches nationwide to open a DiamondXtra account with a minimum of N5,000. Remember, the more you save, the more chances of you winning in the monthly, quarterly or cluster draws” Olayinka concluded.

DiamondXtra continues to be rolled out across key regions in Nigeria, including Lagos, Abuja, the South-West, and North-Central, making it one of the country’s most far-reaching financial reward programmes.

As Access Bank continues to innovate around financial products with social impact, DiamondXtra stands out as a blueprint for combining banking with purpose, reinforcing the institution’s overarching goal of improving lives and communities across Africa.

Stanbic IBTC Insurance Achieves ISO/IEC 27001:2022 Recertification

Business Journal

27/05/2025

Stanbic IBTC Insurance Limited, a subsidiary of Stanbic IBTC Holdings and a leading life insurance provider in Nigeria, is excited to announce that it has successfully undergone a rigorous recertification process, achieving ISO/IEC 27001:2022 certification.

This prestigious recognition validates that Stanbic IBTC Insurance Limited has effectively implemented and maintained a robust Quality Management System, overseen by DQS Holding GmbH.

DQS Holding GmbH, a part of the globally recognised DQS Group based in Frankfurt, specialises in assessing and certifying management systems across various industries. This recertification underscores Stanbic IBTC Insurance Limited’s commitment to excellence, transparency, and compliance within the insurance sector.

The comprehensive audit examined various aspects of the company’s operations, including its financial practices and adherence to regulatory standards; and highlights Stanbic IBTC Insurance Limited’s commitment to exceeding industry best practices and promoting a culture of integrity and accountability. As a trusted insurance provider, the organisation acknowledges that customer confidence is paramount. The successful recertification enhances its reputation in the market and strengthens relationships with its valued clients; reflecting a proactive stance on risk management and organisational governance, which is essential for protecting the interests of policyholders.

Akinjide Orimolade, Chief Executive of Stanbic IBTC Insurance Limited, expressed pride in the company’s recent recertification. He stated, “We are delighted to receive this new certification, which highlights our ongoing commitment to uphold the highest standards of governance and accountability. This achievement is proof of the hard work and dedication of our exceptional team, reinforcing our promise to our clients and stakeholders.”

Akinjide further emphasised the critical role of trust within the insurance industry, noting its importance in fostering long-lasting relationships with clients. “In an industry where clients seek security and value, we recognise that trust is fundamental. Our team’s dedication to transparency and ethical practices has been instrumental in establishing this trust,” he remarked.

Reiterating Stanbic IBTC Insurance Limited’s mission to provide high-quality insurance products and services, Akinjide affirmed the company’s ongoing commitment to excellence and adherence to stringent industry standards. This certification marks a significant milestone, enhancing the company’s profile as a leading insurer while reinforcing its reputation for reliability and integrity.

“Our ongoing dedication involves investing in our people, processes, and technology to ensure we remain at the forefront of the insurance industry. We will continuously listen to our clients’ feedback, pursue innovative solutions for their needs, and adjust our services accordingly, aiming to meet and exceed the expectations of those who place their trust in us,” Akinjide concluded.

Stanbic IBTC Insurance Limited remains focused on building customer trust and ensuring financial stability. The company is committed to continuous improvement and innovation in its service offerings, enabling it to meet the evolving needs of its clients effectively. This recertification sets a solid foundation for the company as it strives to deliver outstanding insurance solutions, prioritising customer satisfaction and security.

Fatai Lawal Named Nigeria Entity MD as Continental Re Unveils Group Leadership Transition

Business Journal

27/05/2025

L-R: Group Managing Director of Continental Reinsurance Holdings, Mr. Lawrence Nazare and Managing Director, Continental Re-Nigeria Entity, Dr. Fatai Lawal.

Continental Reinsurance Group is pleased to announce several key leadership changes that reflect the company’s continued evolution into a pan-African holding structure and its commitment to robust governance and strategic growth.

Group-Level Appointments

Mr. Lawrence Nazare has been appointed Group Managing Director of Continental Reinsurance Holdings, headquartered in Botswana.

His transition follows the completion of his tenure as Managing Director/CEO of Continental Reinsurance Plc, Nigeria, in December 2024. In this new capacity, Mr. Nazare will oversee the Group’s pan-African operations and long-term strategic direction.

Joining him on the Board of Continental Reinsurance Holdings are two distinguished Non-Executive Directors:

Mr. Paul Kokoricha, former Chairman of Continental Reinsurance Plc, now appointed Chairman of the Board at Group level

Mr. Steve Iwenjora, formerly a Non-Executive Director at Continental Reinsurance Plc, who has now been appointed a Non-Executive Director at Group level

These appointments reinforce the Group’s leadership as it executes the next phase of regional integration and strategic oversight.

Reflecting on his transition to the Group Board, Mr. Kokoricha said:

“It has been an honour to serve as Chairman of Continental Reinsurance Plc, Nigeria, where we achieved significant milestones in growth and governance. As we now pivot to a consolidated Group structure, I am excited to continue supporting the company at this higher level—working with the leadership team to sustain our pan-African momentum and long-term ambition.”

Mr. Nazare added:

“It’s been a privilege to lead our Nigeria business and support the broader Group’s evolution. As I now focus fully on the Group-level role, I remain committed to driving Continental Re’s strategic vision across Africa.”

Nigeria Entity: New CEO and Board Members at Continental Reinsurance Plc

To lead the Nigeria entity in charge of Anglophone West Africa operations, Dr. Fatai Kayode Lawal has been appointed Managing Director/CEO of Continental Reinsurance Plc, Nigeria effective April 2025.

Dr. Fatai Kayode Lawal brings a wealth of experience to his new role. He holds a B.Sc. (Hons) in Insurance from the University of Lagos, an MBA from the same institution, and a Doctorate in Management (Leadership and Organizational management) from the University of Phoenix, AZ. He is a Fellow of the Chartered Insurance Institute of London & Nigeria (FCII, FIIN). He is also a Fellow of the Chartered Institute of Personnel Management of Nigeria and Chartered Institute of Directors. Dr. Lawal’s impressive career includes his most recent position as Managing Director/Chief Executive of Sterling Assurance Nigeria Ltd. from January 2007 to December 2023, where he successfully integrated three merging companies and significantly grew sales. Prior to this, he served as the Managing Director/Chief Executive Officer of Universe Reinsurance Co. Limited, where he improved profitability and expanded markets. His earlier career also includes a leadership role at Refuge Insurance Company Limited and a pioneering management role at Continental Reinsurance Co. Ltd. Dr. Lawal has a proven track record in leadership, strategic development, market expansion, and team building.

Strengthening the Nigeria Board

The Nigeria entity also welcomes three new Non-Executive Directors, whose appointments have received regulatory clearance from the National Insurance Commission:

Segun Adebanji – Chairman of the Board, Non-Executive Director

Mr. Adebanji is a veteran finance professional and Fellow of both the Chartered Association of Certified Accountants and the Institute of Chartered Accountants of Nigeria. His international career includes leadership positions within UAC, Unilever, Nigerian Breweries, and Heineken, with postings in South Africa, Ghana, Namibia, and the Netherlands. He currently chairs Fidson Healthcare Plc and Filmhouse Group Ltd.

Funmilayo Omokhodion – Non-Executive Director

A Chartered Insurer with 36 years of experience in reinsurance, Mrs. Omokhodion rose through the ranks at Africa Re, serving as Regional Director for West Africa and in other senior roles. She holds a BA in English and Linguistics and an Executive MBA in Insurance, and is a member of the Council of the Africa Reinsurance Foundation.

Eno Atoyebi, CFA – Non-Executive Director

With over 25 years in investment management, Mrs. Atoyebi is a Chartered Financial Analyst and Fellow of the Institute of Chartered Accountants of Nigeria. She is currently the Managing Director of ValuAlliance Asset Management and oversees strategy for two mutual funds. Her earlier experience includes senior roles at Afrinvest and ExxonMobil.

These appointments coincide with Continental Re’s 40th anniversary, a milestone that reflects the Group’s enduring legacy, resilience, and readiness for the future. With a strong leadership team in place across both Group and operational levels, Continental Reinsurance is well-positioned to deepen its impact across Africa’s reinsurance landscape.

Emirates, Ministry of Art Culture Tourism/Creative Economy Sign MoU to Stimulate Tourism

Business Journal

26/05/2025

ECOWAS, Ecobank Champion Alternative Energy Solutions

Business Journal

26/05/2025

(L-R); Regional Manager, Apapa – Isolo, Ecobank Nigeria, Mr. Otega Odjegba; Team Lead, Entrepreneurship Support Facilities, Regional Off-Grid Electricity Access Project, Salamatu Baba Tunwzang; Senior Adviser/ Project Coordinator, Regional Off-Grid Electricity Access Project, Ecowas Commission Ei hadji Sylla; and Environmental Social Health and Safety Expert, Amani Mchugh at the Ecowas – ROGEAP Entrepreneurship Business Training for SMEs s in Solar Business in Lagos.

The Economic Community of West African States (ECOWAS), in collaboration with Ecobank Nigeria and the World Bank, has trained more than 100 entrepreneurs in Nigeria through a specialised program focused on small and medium-sized enterprises (SMEs) in the off-grid photovoltaic solar energy sector.

This initiative forms part of the Regional Off-Grid Electricity Access Project (ROGEAP), which seeks to promote the development of a regional market for standalone solar energy systems. ROGEAP is funded by the World Bank, with additional support from the Clean Technology Fund (CTF) and the Directorate General of International Co-operation (DGIS) of the Government of the Netherlands.

El Hadji Sylla, Senior Adviser at the ECOWAS Commission’s ROGEAP, disclosed this during a three-day Entrepreneurship Business Training held in Lagos, organised in collaboration with Ecobank. He noted that Nigerian SMEs have already benefited from grants totaling $800,000 under the project, aimed at increasing participation in the off-grid solar energy value chain.

Sylla explained that the capacity-building workshops, conducted in both Abuja and Lagos, were designed to enhance the technical and financial capabilities of SMEs focused on solar energy. The objective is to better position these businesses for growth and long-term sustainability in the renewable energy sector.

He also stated that ECOWAS is in discussions with Ecobank Group to establish mechanisms that would allow the bank to offer both technical and financial support to SMEs in the solar energy ecosystem. This includes extending direct credit lines to eligible businesses.

According to Sylla, the first component of ROGEAP—led by the ECOWAS Commission—centers on the creation of a strong regional market for off-grid solar solutions. A key strategy involves equipping SMEs with the skills to develop technically sound and financially viable projects that meet commercial lending standards.

“This year, we have worked closely with Ecobank Nigeria to align solar-focused SME portfolios with the bank’s financing requirements,” Sylla said. “Our goal is to ensure that the submitted projects are not only technically feasible but also bankable.”

Also speaking at the event, Salamatu Baba Tunwzang, Team Lead at ROGEAP’s Entrepreneurship Support Facilities, emphasized that the program goes beyond technical training. She highlighted that participating SMEs are also being prepared to access ROGEAP grants and other funding opportunities.

“When businesses join our network, they gain access to both technical assistance and financial resources,” she said. “We also build the capacity of technical installers, who can equally benefit from these opportunities. It’s a comprehensive support system—they receive funding, technical training, market intelligence, and valuable networking opportunities for collaboration.”

In his remarks, Managing Director of Ecobank Nigeria, Bolaji Lawal, reiterated the vital role SMEs play in driving economic sustainability and inclusion. Represented by Otega Aghogho Odjegna, Regional Head for the Apapa-Isolo Region, Lawal described SMEs as the “lifeblood of any economy,” pointing out that they contribute over 80 percent of employment across West Africa.

He further noted that this initiative aligns with Ecobank’s ELLEVATE program and the Single Market Trade Hub, both of which aim to equip SMEs with tailored financial solutions, digital tools, and strategic insights to help them scale and compete in broader markets.

NAIC Unveils New CEO, Executive Directors

Business Journal

26/05/2025

Mr. Yazid Shehu Umar Danfulani

Managing Director /CEO

His Excellency, President Bola Ahmed Tinubu has approved the appointment of Executive Directors for Nigerian Agricultural Insurance Corporation (NAIC).

They are:

Mr. Yazid Shehu Umar Danfulani – Managing Director /CEO

Mr. Abubakar Umar Jarengo, Executive Director, Operations

Mr. Babafemi Ayandayo Rasheed, Executive Director, Admin and Finance

President Tinubu’s letter which conveyed their appointment was signed by Senator George Akume, Secretary to the Government of the Federation (SGF) on May 22nd, 2025 states that their appointment takes effect from 21st. May, 2025, for an initial term of four years, in accordance with Section15(a) of NAIC Act law 2004.

The team is expected to bring new vigor and strategic direction to NAIC, a critical institution responsible for providing insurance to Nigeria’s agricultural sector against risks such as drought, pests, diseases and other disasters.

The Management and entire staff of the Corporation wish them a successful working tenure.

NAICOM Champions Engagement between Nigeria, Ghana Insurance Operators

Business Journal

26/05/2025

The Commissioner for Insurance/CEO of NAICOM, Mr. Olusegun Omosehin (right) received delegates from Ghana’s Marine Cargo Technical Committee on a study tour of Nigeria’s marine cargo sector at his office. The delegation was led by Mr. Fred Asiedu-Darteh of Ghana Shippers’ Authority.

The National Insurance Commission (NAICOM) has championed an engagement between stakeholders in the Nigerian insurance and marine industries with the Ghana Cargo Technical Committee on study tour to Nigeria in Lagos.

The meeting was attended by representatives of the Nigerian Insurers Association (NIA), Nigerian Council of Registered Insurance Brokers (NCRIB), Nigeria Customs Service, Nigerian Port Authority (NPA), Nigerian Shippers Council, Nigerian Maritime Administration and Safety Agency (NIMASA), Council for Regulations of Freight Forwarding in Nigeria, ANCLA, NAGAFF, among others.

The Ghana Cargo Technical Committee was represented by officials of the National Insurance Commission (NIC), Ghana Insurance Association (GIA), Ghana Shippers Association (GSA), Ghana Revenue Authority (GRA), and the Institute of Chartered Shipbrokers (ICS).

In an opening remark, the Commissioner for Insurance, Mr. Olusegun Omosehin, represented by Dr Julius Odidi, Head of Lagos Control Office, NAICOM, thanked all the stakeholders for attending the programme.

Mr. Omosehin said the forum is an avenue for the Nigerian insurance and marine operators to share their practical knowledge with the Ghana Cargo Technical team, while also gaining experience on the operation of cargo insurance in Ghana from them in return.

The commissioner said the knowledge sharing session is an avenue for the stakeholders to discuss technicalities of marine cargo insurance in Nigeria, understand the processes, challenges, successes, and explore potential collaborations.

“We appreciate the contributions of all our stakeholders. I am sure our Ghanian counterparts would be leaving with a lot of knowledge from our success story and challenges,” he said.

In a presentation titled, “Marine Cargo Insurance: The Role of Port Operators in Nigeria, and the Activities of the Marine Offices Committee (MOC) of the NIA, Mrs. Felicia Mustapha, a former Chairman of NIA-MOC, said marine cargo insurance play a vital role in the maritime trade by safeguarding goods against the risks they encountered during international transportation.

According to Mrs. Mustapha, port operations in Nigeria are regulated by the Nigerian Port Authority (NPA), which serves as the landlord, while terminal operations are handled by private concessionaires, including APM Terminal, TICT, and Port and Cargo Handling Services Ltd, among others.

She explained that insurers rely on safety standards and handling protocols maintained by port operators when assessing cargo insurance coverage, and operates within a regulated framework overseen by NAICOM, ensuring compliance with international standards while addressing local realities.

Mr. Wale Oshodi, a Governing Board Member of the Nigerian Council of Registered Insurance Brokers (NCRIB), also discussed the collaborative role of insurance intermediaries, adding that brokers ensure to interpret the terms and condition governing marine cargo insurance to the consignee and how to process a claim when it occurs.

Also representing the Nigerian Custom Service (NCS), a Deputy Comptroller, Mr Yahaya Usman, explained that marine cargo insurance in Nigeria covers goods from point of transit to delivery, noting that the NCS carries out its activities based on an Act of 2023 binding it.

The Ghana Cargo Technical Committee team lead, Mr. Fred Asiedu-Darteh of the Ghana Shippers Authority, expressed gratitude to NAICOM for hosting the engagement, saying it provided valuable insights into Nigeria’s cargo insurance practices and would assist in the implementation of Ghana’s new marine insurance policy.

Johnson Chukwu as Keynote Speaker, Others for SUPERNEWS AI Confab ’25

Business Journal

26/05/2025

The Managing Director/CEO, Cowry Asset Management Limited, Mr. Johnson Chukwu is the keynote speaker at the Forthcoming SUPERNEWS Nigeria Artificial Intelligence (AI) Confab 2025, holding on Thursday, June 19th 2025 at Oriental Hotel, 3 Lekki Road Victoria Island Lagos at 10am.
Chukwu will be speaking on the theme, Power of AI: Enhancing Efficiency And Customer Satisfaction For Better Financial Services Experience.
Other renowned experts lined up for the event include the Founder/CEO, ZER Consulting Africa, Mrs. Adeolu Adewumi-Zer, the former Managing Director, Hilal Takaful Insurance Limited, Mrs. Thaibat Adeniran, the National President, Bank Customers Association of Nigeria (BCAN), Dr. Uju Ogubunka and the Head, Financial Institutions Ratings, Augusto & Co, Mr Ayokunle Olubunmi.
According to the Convener of the conference, the Publisher of SUPERNEWS Nigeria, Ngozi Onyeakusi, the choice of Johnson Chukwu as the keynote speaker is a reflection of his extensive professional background, diverse expertise and profound knowledge of the financial services sector and economy.
Mr. Johnson Chukwu is the chairman and founder, Cowry Assets Management Ltd, prior to the establishment of Cowry Asset Management Limited, he has been actively involved in the Nigerian capital market and was instrumental to the establishment of one of the most vibrant capital market operator, as the pioneer General Manager/Chief Executive Officer of Guardian Express Trust Limited (now Spring Capital) – a subsidiary of Guardian Express Bank Plc (now Spring Bank Plc).
Before joining Cowry Asset Management Limited on a full-time basis in October 2007, Mr. Chukwu was between February 2006 and September 2007 a Deputy General Manager and Group Executive, Operations of Spring Bank Plc.
Mr. Chukwu is a Bachelor of Science (B.Sc.) second class upper degree holder in Accounting and a University of Lagos Scholar. He also holds an MBA from Lagos Business School (Pan African University).
His banking career also includes a 3-year stint as the Deputy Financial Controller of Diamond Bank Plc (1997 – 2000) and 5 years’ experience with Intercontinental Bank Plc (1992 – 1997) where he worked in Credit and Marketing (Trade Finance), Financial Control, Treasury Operations, and Branch Operations.
Among his professional qualifications are Fellowship of both the Institute of Chartered Accountants of Nigeria and Chartered Institute of Taxation.
He has attended several courses both locally and internationally including IESE Business School (University of Navarra) Barcelona, Spain; Wharton Business School (University of Pennsylvania) Philadelphia, USA among others.
The epoch making event, which will be bringing together regulators, key stakeholders in the financial services, ICT sector, informal sector and small business owners will be chaired by the Group Chairman of the Nigerian Exchange Group, Alhaji (Dr) Umaru Kwairanga.
The confab will focus on how AI is redefining the financial services sector, accelerating
automation, customer engagement, risk management and fraud prevention.
It is a learning opportunity designed to enhance awareness, deepen understanding of
participants on the imperative and use of AI in rendering banking, capital market, pension
and insurance services cheaper, faster and conveniently.

Guinea Insurance Hosts Strategic Board Retreat to Reinforce Vision, Leadership Transition

Business Journal

26/05/2025

Seated (L–R): Mrs. Chioma Okigbo (Non-Executive Director), Mrs Bernice Izilen Okosun (Non-Executive Director), Mr Temitope Borishade (Chairman, Board of Directors), Mrs. Ijeoma Pearl Okoro (Non-Executive Director) and Mr Samuel Onukwue (Non-Executive Director)

Standing (L–R): Mr. Ademola Abidogun (Managing Director/Chief Executive Officer), Mrs. Chinenye Nwankwo (Company Secretary), Mrs. Ogonna Offor-Orabueze (Executive Director, Technical) and Mr. Pius Edobor (Executive Director, Finance & Corporate Services).

Guinea Insurance Plc convened a high-impact Board of Directors retreat from 15th to 16th May 2025 at the Lagos Continental Hotel, Victoria Island, Lagos.

The retreat marked a defining moment of legacy, renewal, and strategic alignment, culminating in a formal Board meeting on 17th May, where the newly appointed and outgoing Board members engaged in collaborative dialogue, insightful knowledge exchange, and forward-looking deliberations focused on strengthening leadership synergy and reinforcing governance for the company’s future growth.

The event marked the official onboarding of the newly NAICOM-approved Directors, including Mr Temitope Borishade as Chairman, along with Mrs. Bernice Izilen Okosun, Mrs. Ijeoma Pearl Okoro, and Dr. Nkemakonam Chukwukaodinaka as Non-Executive Directors. They join the existing Non-Executive Director, Mr. Samuel Onukwue, and Independent Non-Executive Director, Mrs. Chioma Okigbo, with Executive representation from Mr. Ademola Abidogun (MD/CEO), Mr. Pius Edobor (ED, Finance & Corporate Services), and Mrs. Ogonna Offor-Orabueze (ED, Technical).

Designed to foster a shared vision and establish strategic priorities, the two-day retreat provided an in-depth overview of Guinea Insurance’s journey, spotlighting operational progress, brand repositioning, stakeholder engagement, and the company’s redirection towards sustainable profitability. Senior Management delivered performance insights, structural reforms, and growth opportunities aimed at repositioning the company as a formidable and competitive player in Nigeria’s insurance sector.

Speaking at the event, MD/CEO, Mr. Ademola Abidogun remarked: “This retreat is a clear reflection of our resolve to entrench corporate excellence, deepen stakeholder confidence, and unlock strategic growth. The combination of continuity and fresh perspectives at the Board level uniquely positions us to navigate the future with clarity and reinforce our renewed focus on profitability and long-term market competitiveness.”

Guinea Insurance remains committed to building a resilient, innovation-led, and trusted brand — exceeding expectations at every turn.

GOCOP to Present Book on Nigeria Media Renaissance: GOCOP Perspectives on Online Publishing June 17 in Abuja

Business Journal

26/05/2025

The Guild of Corporate Online Publishers (GOCOP) has announced the public presentation of its book, Nigeria Media Renaissance: GOCOP Perspectives on Online Publishing, on Tuesday, June 17th at Abuja Continental Hotel at 10.00am.
According to a press statement by GOCOP Publicity Secretary, Ogbuefi Remmy Nweke, this highly anticipated event promises to be a significant milestone in the literary and publishing landscape.
He quoted GOCOP President, Ms Maureen Chigbo, to have said that the event will feature a Fundraiser for the N2.3 billion GOCOP MEDIA CENTRE, a multi-purpose resource centre comprising a secretariat, a 21st century library and event halls, among others.
Chigbo further said that “this landmark publication chronicled the transformative journey of Nigeria’s media landscape, highlighting the pivotal role of online publishing in shaping public discourse, enhancing transparency and fostering national development.
“It is a testament to the resilience and innovation of Nigerian media practitioners in the digital age,” she said.
The event, she said, will bring together distinguished personalities from government, media, private sector, academia and civil society to reflect on the challenges and opportunities in online publishing and its critical role in nation-building.
GOCOP which currently has 120 members was established to ensure that online publishers uphold the tenets of journalism in doing their jobs.

Its membership is a constellation of editors and senior journalists, whom, having distinguished themselves in their various stations in the print and electronic media, ventured into online publishing which is both the present and future of journalism globally.
The book aside tracing the historical trajectory of online journalism in Nigeria is also a veritable contribution towards enriching the discourse on civil liberties, press freedom and the role of the media in the sustenance of democracy, the statement added.

NCC Mandates Service Providers to Inform Consumers about Major Outages on Networks

Business Journal

26/05/2025

The Nigerian Communications Commission (NCC) has mandated telecom licensees in Nigeria to inform consumers of major service outages on their networks through media channels, stating the cause(s) of the service interruption, and the area(s) affected by the service interruption/outage, as well as the time that would be taken to restore service.

Consumers must also be informed one week in advance where operators have planned service outages.

This development, contained in the “Directive on Reportage of Major Network Outages by Mobile Network Operators (MNOs),” is part of the Commission’s drive to ensure timely resolution of outages, enhance quality of experience for telecom consumers, and keep consumers informed.

According to the Directive, Mobile Network Operators, Internet Service Providers and other operators that provide last mile services will also provide proportional compensation, including extension of validity, as may be applicable and in line with the provisions of the Consumer Code of Practice Regulations, where any major network outage continues for more than 24 hours.

It identifies three types of major outages to include: Any network operational condition such as fibre cut due to construction/access issues/theft & vandalism and force majeure that impacts five per cent or more of the affected operator’s subscriber base or five or more Local Government Areas (LGAs); having an occasion of unplanned outage of, or complete isolation of network resources in 100 or more sites or five per cent of the total number of sites (whichever is less) or 1 cluster that lasts for 30 minutes or more; and lastly, any form of outage that can degrade network quality in the top 10 states based on traffic volume as specified by the Commission from time to time.

In furtherance of this, the Commission has further directed that all Major Outages are to be reported by operators through the Commission’s Major Outage Reporting Portal, which is accessible to the public through the Commission’s website, www.ncc.gov.ng. The portal additionally discloses the identity of the culprit responsible for the disruption.

Commenting on the Directive and the Major Outage Reporting Portal, the Director, Technical Standards and Network Integrity, Engr. Edoyemi Ogor stated that “the Commission has trialled the reporting process and portal with operators for some months now before issuing the directive.

“By providing consumers and stakeholders in the telecommunications industry with timely and transparent information on network outages, we are entrenching a culture of accountability and transparency. This approach also ensures that culprits are held responsible for sabotage to telecommunications infrastructure.

“This also aligns with our broader commitment to the effective implementation of the Executive Order signed by President Bola Ahmed Tinubu, which designates telecommunications infrastructure as Critical National Information Infrastructure (CNII). It reinforces the need to safeguard these assets, given their centrality to national security, economic stability, and the everyday lives of Nigerians,” Ogor said.

Stanbic IBTC Joins Nigeria’s Top 10 Most Valuable Brands in 2025 with 206% Brand Value Growth

Business Journal

26/05/2025

Stanbic IBTC Holdings PLC, a member of the Standard Bank Group, has been listed among the elite top 10 most valuable brands in Nigeria, according to the 2025 edition of the Brand Finance Nigeria 25 report. The Group’s brand value experienced a remarkable increase of 206%, marking one of the most substantial year-on-year growth in the Nigerian financial services industry.

The recognition from Brand Finance—the world’s leading independent brand valuation consultancy, regulated by the Institute of Chartered Accountants in England and Wales—reflects Stanbic IBTC’s consistent delivery of value to clients and stakeholders. Brand Finance evaluates thousands of brands annually across more than 40 countries, making this accolade a confirmation of Stanbic IBTC’s market strength.

Stanbic IBTC also improved its position in the national brand rankings, moving from 13th in 2024 to 8th in 2025. This progress highlights the organisation’s strategic investments in digital transformation, enhanced customer experience, and product innovation.

Commenting on the achievement, Adekunle Adedeji, Acting Chief Executive, Stanbic IBTC Holdings, stated: “It is a great honour to be recognised as one of Nigeria’s top 10 brands, which underscores the trust and loyalty our customers have in us. We are dedicated to maintaining this momentum by offering innovative, customer-focused solutions that cater to the changing needs of our clients.

“Our progress reflects a clear strategy aligned with Nigeria’s dynamic economy. Beyond numbers, it empowers businesses and individuals with the tools and support to thrive. This milestone energises us to accelerate initiatives that foster inclusive growth and digital advancement across the country,” Adekunle added.

The Brand Finance Nigeria 25 2025 report analyses the strength and value of Nigeria’s leading brands using globally recognised standards. It is a key benchmark for understanding how brand equity drives business performance and investor confidence.

Bridget Oyefeso-Odusami, Head of Brand and Marketing, Stanbic IBTC Holdings, added: “This ranking is a testament to the strength of our brand, our staff’s dedication, and our customers’ confidence. We remain focused on long-term value creation, grounded innovation and strong governance. As we grow, we also deepen our engagement with communities to ensure our brand resonates meaningfully across the sectors we serve.”

As Stanbic IBTC celebrates this recognition, the Group prepares to roll out impactful initiatives, including financial growth programmes for women like the Bloom Weekend, SME and business-focused activations like Market Storm, and capacity-building training for small and medium-sized enterprises. The Group is also advancing youth and tech-focused initiatives alongside sector-specific events designed to equip Nigerians with tools for financial growth and empowerment.

Stanbic IBTC remains dedicated to driving Africa’s growth, with this latest milestone reinforcing its position as a trusted and forward-looking financial partner.

Fidelity Bank Wins 2025 DBN Innovation Award for MSME Support

Business Journal

26/05/2025

In recognition of its exceptional contributions to innovative financial solutions for Micro, Small, and Medium Enterprises (MSMEs), Fidelity Bank Plc has been awarded the 2025 Development Bank of Nigeria (DBN) Innovation Award in the Deposit Money Bank (DMB) category.

This prestigious accolade celebrates Fidelity Bank’s commitment to addressing the unique challenges faced by MSMEs, a vital segment in Nigeria’s economic growth.

Dr. Nneka Onyeali-Ikpe, MD/CEO of Fidelity Bank Plc, commented on the award, reaffirming the bank’s dedication to empowering Nigerian entrepreneurs:

“At Fidelity Bank, innovation is at the heart of our strategy to support MSMEs. This recognition underscores our commitment to developing scalable, inclusive, and technology-driven financial solutions that create positive outcomes for our nation’s entrepreneurs. We are honored to receive the DBN award and dedicate it to our loyal customers for their continued support.”

The award was presented at the 2025 Service Ambassadors’ Awards ceremony in Lagos, themed ‘Enhancing Partnership for MSME Resilience and Growth.’ Tony Okpanachi, Managing Director of DBN, emphasized the importance of financial institutions in transforming unbankable ideas into viable businesses through advisory services.

“You, our partners, are acknowledged and celebrated for your outreach to entrepreneurs and businesses seeking to scale. We appreciate you for your role in converting unbankable ideas into bankable businesses,” Okpanachi stated.

He noted that the award aims to recognize partners who make a significant impact, focusing on storytelling and the positive changes they bring to Nigeria.

This award joins a series of landmark initiatives by Fidelity Bank aimed at supporting MSMEs. Earlier in May, the bank signed a Memorandum of Understanding (MOU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to facilitate the expansion of Nigerian MSMEs across Africa.

Additionally, Fidelity Bank launched the Fidelity SME Hub in Gbagada, Lagos—a multifunctional facility equipped with training halls, meeting rooms, networking spaces, and studios for music, photography, and content production. This hub is designed to foster innovation, collaboration, and capacity-building, essential elements for strengthening Nigeria’s SME ecosystem and driving economic growth.

Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.

The Bank is the recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine.

Additionally, the Bank was recognised as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.

Jonathan, Attah, Others Win Champions of Nigerian Content Awards

Business Journal

23/05/2025

Champions of Nigerian Content Awards: Former President, Federal Republic of Nigeria & recipient of Nigerian Content lifetime Achievement award, His Excellency, Dr. Goodluck Ebele Jonathan; Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe; recipient of Nigerian Content Icon of the Year award and Managing Director, Renaissance Africa Energy, Engr. Tony Attah; recipient of Women in Leadership Award and Managing Director, Starzs Investments Company Limited, Iroghama Ogbeifun, Permanent Secretary, Federal Ministry of Petroleum Resources, Dr. Emeka Vitalis Obi, with other award recipients at the Nigerian the Champions of Nigerian Content held on Wednesday in Yenagoa Bayelsa State.

Former President, Dr. Goodluck Ebele Jonathan has received the Nigerian Content Lifetime Achievement Award at the maiden edition of the inaugural Champions of Nigerian Content Award ceremony organized by the Nigerian Content Development and Monitoring Board (NCDMB) in partnership with Sweetcrude Limited on Wednesday in Yenagoa, Bayelsa State.

The award recognised and rewarded individuals and corporate bodies that set the highest standards in deepening local participation in the Nigerian oil and gas industry and contributed significantly to national development.

In his welcome address at the event, the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe noted that the Board had come a long way in implementation of the NOGICD Act and recorded landmark achievements in which outstanding industry players, individuals and corporate entities, deserved to be identified and honoured.

In his words, “the time has come to identify and celebrate pillars of Nigerian Content who shall serve as a shining example of what is expected of others in the industry.”

Speaking after receiving the lifetime achievement awards, Dr. Jonathan recalled how he promptly signed the Nigerian Content Bill in 2010 when he was acting President in 2010, stating that an encounter with Ugandan President Yoweri Museveni, who repeatedly mentioned Nigeria as a reference point for underperformance in utilisation of oil resources. He pointed that the example of China that easily domesticated and domiciled oil and gas industry activities greatly motivated him.

He mentioned that Senator Lee Maeba who represented Rivers State South East Senatorial District in the National Assembly, was among the initiators of the Nigerian Content Bill and deserves special recognition by the NCDMB and Nigerians generally. The former President appreciated the NCDMB for the success of the Nigerian Content and lauded past and present leadership of the agency that translated the dream behind the Act into reality.

Another top winner in the distinguished individuals’ category was Engr. Tony Attah, Managing Director of Renaissance Africa Energy Limited, as “Nigerian Content Icon of the Year. The award was for his time as the Managing Director of Nigeria LNG Limited, during which time he secured the Final Investment Decision (FID) for NLNG Train 7 project and led his organization to partner with NCDMB to sign the first Service Level Agreement (SLA) which Nigeria LNG in June 2017.

Other top winners include Professor Emenike Ejiogu of the University of Nigeria, Nsukka, (UNN), as “Nigerian Content Innovator of the Year,” and Ms. Iroghama Ogbeifun, Managing Director and Chief Executive Officer of Starzs Investments Company Limited received the women in leadership award.

In the corporate category, Shell Petroleum Development Company (SPDC), now known as Renaissance Africa Energy Limited, clinched the “Nigerian Content International Upstream Operator of the Year Award,” while Aradel won the “Nigerian Content Independent Upstream Operator of the Year Award.”

Other winners in the corporate category were Nigerian Liquefied Natural Gas (NLNG) Limited as “Nigerian Content Midstream Operator of the Year”; Dangote Refinery and Petrochemical Company Limited as “Nigerian Content Downstream Operator of the Year”; Dorman Long Engineering Company Limited as “Nigerian Content Indigenous Service Company of the Year,”and Technip FMC as “Nigerian Content International Service Company of the Year.”

On the winners list also were Bank of Industry (BOI) as “Nigerian Content Financial Services Provider of the Year” and Thisday Newspapers as “Nigerian Content Media Organisationof the Year.”

Speaking on the selection criteria, a member of the Award Advisory Committee, Mr. Wole Akinyosoye, former Operations Controller with the defunct Department of Petroleum Resources (DPR), said measurable metrics were used to determine the winners. According to him, “Awardees must have demonstrated operational consistency where applicable; must have contributed to enhanced utilization and monetization of gas resources as applicable, and must have improved on local refining where applicable in terms of capacity and energy security.”

Continuing, he said, they “must also have strictly complied with the Act and other statutory Nigerian Content requirements, and must have made significant footprint in job creation and local sourcing.”

On the composition of the Advisory Committee for the Award, he pointed out that the pioneer Executive Secretary of the NCDMB, Engr. Ernest Nwapa, was the Chairman, while the Secretary-General of the African Petroleum Producers Association (APPO), Dr. Omar Farouk Ibrahim, and he (Wole Akinyosoye) were members.

The “Champions of Nigerian Content Awards” held on the sideline of the Nigerian Oil and Gas Opportunity Fair (NOGOF) 2025.

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