NLNG Science Quiz Competition 2025: Community Secondary School, Igboh Etche, Emerge Winner

24/06/2025

Sophia Horsfall, NLNG’s GM, External Relations & Sustainable Development, cheering Udoka Delight and Uguta Emmanuel of Community Secondary School, Igbo Etche, Champions of the 2025 NLNG Science Quiz Competition after receiving their award in Port Harcourt on Saturday, June 21, 2025.

Eight schools reached the climax of the 2025 NLNG Science Quiz Competition on Saturday, showcasing brilliance, speed, and scientific prowess in a fiercely contested finale, with Community Scondary School, Igboh Etche, emerging victorious over seven other schools to clinch the championship.

Held in Port Harcourt, the competition drew students from across Rivers State in a bid to crown this year’s top science students under the theme “Renewable Energy Solutions.”

After rounds of intense intellectual display, Community Secondary School, Igboh Etche emerged as the winner in the Senior Secondary (SS 2) category. Their victory marked the conclusion of a rigorous three-phase contest comprising the Championship, Science Project Exhibition, and Grand Finale. The school distinguished itself through accuracy, composure, and a strong grasp of science concepts related to clean energy.

In the Science Project Exhibition, Oginigba Comprehensive Secondary School, Oginigba, secured the top position, followed by Bonny National Grammar School (Senior) in second place, and Community Secondary School, Kira Tai, in third place.

In the Senior Secondary 1 (SS1) category, the competition concluded at the Championship stage. Birabi Memorial Grammar School, Bori, Khana claimed the top position, while Niger Delta Science School, Obio/Akpor, secured second place, and Government Secondary School, Abua, came third after a closely contested challenge among peers from across Rivers State.

The remaining finalists in the competition included Government Secondary School, Eneka (4th); Niger Delta Science School, Obio/Akpor (5th), Nigerian Navy Secondary School, Port Harcourt (6th), Birabi Memorial Grammar School, Bori, Khana (7th) and Government Secondary School, Abua (8th).

Speaking at the finale, Sophia Horsfall, General Manager, External Relations and Sustainable Development at NLNG, emphasised the company’s commitment to nurturing scientific excellence and promoting sustainability.

“The world is moving fast towards cleaner, greener energy. NLNG is proud to be leading this shift by exporting LNG, a cleaner fossil fuel, and supplying LPG to Nigerian homes. Through this quiz, we are not only investing in education, but inspiring the scientists, engineers, and innovators of tomorrow,” she stated.

“Science is the heartbeat of progress. That’s why we support platforms like this, where young minds can discover their potential. Since inception, over 200 public schools have benefitted from this competition, proving that when given the opportunity, our students will shine,” she added.

In her remarks, the Permanent Secretary of the Rivers State Ministry of Education, Dr. Azibaolanari Uzoma-Nwogu, represented by Tam Job Inisefiekabo, stated that the theme was both timely and significant, as the global community confronts the challenges of climate change, environmental degradation, and energy insecurity.

Also speaking at the event, Dr. Peters Nwagor, Chairman of the Rivers State Chapter of the Science Teachers Association of Nigeria (STAN), remarked that it was imperative to equip young people with the knowledge, skills, and creativity required to drive innovation and sustainable progress.

First introduced in 2008 and relaunched in 2020 after a six-year pause for process improvement, the NLNG Science Quiz Competition continues to evolve.

The recent addition of the Science Projects Fair a year ago has created an avenue for students to present practical solutions to pressing scientific and environmental challenges, further deepening their engagement with STEM.

Organised in partnership with the Rivers State Ministry of Education, the Science Teachers Association of Nigeria (Rivers State Chapter), and Dragnet Solutions Limited, the quiz competition has become a beacon of excellence in science education.

NGX Group Chair: AI Will Enhance Efficiency in the Nigerian Economy

Business Journal

24/06/2025

L-R: Thaibat Adeniran, former Managing Director, Hilal Takaful Insurance Ltd; Mr Johnson Chukwuma, Keynote Speaker/founder & Managing Director, Cowry Asset Management Ltd; Alhaji (Dr). Umaru Kwairanga, Chairman of Occasion/Group Chairman, Nigerian Exchange Group; Ngozi Onyakusi, Convener & Publisher/CEO, SUPERNEWS Nigeria; Ayokunle Olubunmi, Head, Financial Institutions Ratings, Augusto & Co; Adeola Adewumi-Zer, Founder/CEO, ZER Consulting Africa and Uju Ogubunka, National President, Bank Customers Association of Nigeria, during the AI Artificial Intelligence ’25 conference organised by SUPERNEWS with the theme: Power of AI: enhancing efficiency and customer satisfaction for better financial services experience in Lagos.

SPEECH BY THE GROUP CHAIRMAN NGX, ALHAJI (DR.) UMARU KWAIRANGA AT THE SUPERNEWS 2025 ARTIFICIAL INTELLIEGENCE CONFERENCE

It is a privilege and an honour to join you today at this important dialogue on Artificial Intelligence in financial services, convened by SuperNews.

I congratulate the organisers for creating this vital platform that brings together key stakeholders to explore how emerging technologies are shaping the future of our industry.

Also, I commend them for identifying and focusing on AI which has been the most prominent concept in technology in the last couple of years.

By doing so, they have identified an area that many believe will be the basis for the next great leap in global and human development, just like the steam engine and the Internet. Such concepts often determine the trajectory of development and capital accumulation and those who are quick to adopt and master them are most likely to be the leaders of the future.

The theme of this year’s conference is the Power of AI: Enhancing Efficiency and Customer Satisfaction for Better Financial Services Experience. The theme focuses on how AI can be used to improve services in our financial services sector.

From recent statistics released by the National Bureau of Statistics, the services sector is the driver of Nigeria’s economy and the financial services sub sector is the most active in that sector. It is doing well in many ways but most of us here will agree that there is still plenty of room for improvement.

A lot of that improvement can come through utilisation of artificial intelligence and that is what the erudite speaker and panelists we have here today will be speaking on. I believe we will hear not just about the uses and benefits of AI in the financial services sector but also how we can overcome peculiar Nigerian problems such as power scarcity, data availability and capital needs and ensure that our sector and the Nigerian economy is at the leading edge of this next revolution in business.

We have a distinguished set of discussants for this year’s conference with Mr. Johnson Chukwu, a seasoned banking and capital market executive as the keynote speaker. Mr. Chukwu’s analysis are always lucid and enlightening and I do not expect any less today.

We are also privileged to have our regulators, the Commissioner of Insurance and Chief Executive Officer of the National Insurance Commission, Olusegun Ayo Omosehin, and the Director General of the Pension Commission, Mrs. Omolola Oloworaran to provide insights into the enabling frameworks for artificial intelligence in the financial services sector.

We also have distinguished panelists selected from the operators, the customers and users, as well as the expert consultants to give us a rounded view of how artificial intelligence can be used to enhance efficiency and customer satisfaction in the financial services.

With such a rich table, I am confident that we are in for an interesting and educating time and I invite you all to listen attentively and participate actively.

IMT 4.0. Sets Stage for 2025 Edition, Names Per Lagerström as Headline Speaker

Business Journal

24/06/2025

Insurance Meets Tech (IMT), one of West Africa’s leading conferences focusing on the convergence of insurance and technology, is scheduled to return for its highly anticipated fourth edition on Wednesday, September 11, 2025. The event will take place at the Balmoral Convention Centre, Sheraton, Ikeja, Lagos.

With the theme, “Innovating for the New Trybe,” IMT 4.0 will convene stakeholders across the financial, tech, and creative ecosystems, redefining how insurance meets digital innovation, lifestyle, and Africa’s future economy.

This year’s edition will once again deliver a powerful dual-experience format:

IMT 4.0, the flagship C-suite and policy-focused discourse
IMT Redefined 2.0, the youth-forward segment exploring the convergence of insurance, culture, and innovation.

The 2025 headline speaker is Per Lagerström, a global thought leader, an insurtech innovator, financial expert, and entrepreneur with over 30 years of experience across financial services, technology, FMCG, and strategy consulting. A former Partner at McKinsey & Company, he founded BehaviorTech, a groundbreaking field that merges behavioural science, AI, and innovation to deliver transformative outcomes for people, businesses, and society.

As CEO of Yellowspot, an Ireland-based venture studio, he leads the development of disruptive ventures focused on financial planning, education, longevity, and human-centred digital transformation. Known for navigating complexity with clarity, Per has advised boards and executives across Europe, Africa, and the Americas. His work is driven by an unrelenting passion for unlocking potential at the intersection of science, technology, and human insight.

Odion Aleobua, Convener of IMT and CEO of Modion Communications, expressed his delight ahead of the event. “We are incredibly honoured to welcome Per Lagerström to Lagos, Nigeria for IMT 4.0. His experience at the cutting edge of behaviour-tech research, an astute financial guru and huge insight into insurtech innovation align with the conversations we drive at this year’s conference.

IMT is about the future of protection for a new generation, and we are convening voices and celebrating ideas that matter.”

IMT 4.0 will also continue to explore the role of predictive technology, embedded insurance, disruptive underwriting, and inclusive innovation. With engaging panels, immersive workshops, product demos, and youth-led showcases, the event promises actionable insights and bold ideas for building relevance in a shifting risk landscape.

Commenting, Per Lagerström stated: “Financial services are undergoing rapid and fundamental change, driven by AI inflection and BehaviorTech advances, blurring industry boundaries and shifting consumer behaviours. The result places incumbent business models under tremendous pressure and create unrivaled opportunities for growth and value creation. I am excited to join the year’s edition of IMT to unpack the forces at work and share my playbook for navigating these extraordinary times.”

IMT 4.0 proudly announces an early strategic partner powering this year’s event. CubeCover, one of Nigeria’s leading insurtech and microinsurance providers, comes aboard as a proud Gold Sponsor, racing ahead as early co-travelers for this year’s edition.

To register for IMT 2025, visit www.insurancemeetstech.com. For inquiries, contact Odion at +234 902 222 2226.

About Insurance Meets Tech (IMT)

The Insurance Meets Tech (IMT) Conference is one of West Africa’s leading platforms for exploring the future of insurance through the lens of technology, innovation, and culture.

In its fourth year, IMT offers a robust, multi-stakeholder, two-pronged experience featuring IMT 4.0, focused on C-suite insights, and IMT Redefined, a dynamic youth engagement segment inspired by innovation, lifestyle and creativity.

IMT is curated by Modion Communications, one of Africa’s most celebrated young Public Relations consultancies.

SanlamAllianz Flags Off 12-City Roadshow to Deepen Customer Engagement, Awareness

Business Journal

24/06/2025

SanlamAllianz, Nigeria’s leading insurance powerhouse formed from the merger of two foremost global and African insurers, Allianz and Sanlam, will begin an unprecedented 12-city nationwide roadshow on Monday, June 23, following the brand’s recent official introduction to the Nigerian market.

The campaign, which will run across key cities across Nigeria’s six geo-political zones, is part of the company’s strategic effort to deepen customer engagement, raise awareness about the brand and insurance, and demonstrate its commitment to making wealth creation and financial protection capabilities more accessible to individuals and businesses.

The roadshow will span major commercial and regional hubs, including Lagos, Ibadan, Akure, Warri, Port Harcourt, Uyo, Onitsha, Enugu, Owerri, Kano, Jos, and Abuja. The initiative marks one of the most expansive customer-facing campaigns ever undertaken in Nigeria’s insurance sector, positioning SanlamAllianz as a brand that is not only Pan-African in strength but also locally attentive in approach.

Speaking on this groundbreaking initiative, Tunde Mimiko, MD/CEO of SanlamAllianz Life Insurance, said: “This nationwide campaign signals the scale of our ambition and the depth of our commitment to the Nigerian market. At the heart of insurance is trust, and trust begins with presence. Reaching customers where they are is fundamental to how we are building SanlamAllianz.

“This roadshow is a strategic move to bridge the gap between perception and reality, allowing us to engage directly with our customers and Nigerians in general, challenge long-held misconceptions, and position insurance as a practical tool for thriving in financial confidence, building resilience and long-term financial security.”

As part of the roadshow, SanlamAllianz will hold customer engagement forums in each of the twelve cities. The in-person sessions allow customers to interact directly with the company’s leadership and frontline teams. The forums aim to reconnect with customers under the unified brand and reaffirm its long-term commitment to the local market.

“Insurance only becomes relevant when it is understood, trusted, and connected to the realities people face,” said Yomi Onifade, MD/CEO of SanlamAllianz General Insurance.

“These forums are our way of reintroducing SanlamAllianz not just as a merged entity, but as a unified brand committed to showing up for Nigerians. We are creating a platform for real conversations — to listen, address concerns, and deepen understanding. This is how SanlamAllianz intends to lead, by listening actively, showing up with solutions, and shaping a future where insurance is truly embedded in the fabric of everyday Nigerian life,” he added.

Industry analysts say the scale and structure of the campaign mark a departure from the traditional approach to insurance marketing in Nigeria, where customer acquisition often relies heavily on brokerage networks or limited digital channels. By adopting a city-by-city physical rollout, SanlamAllianz Nigeria is positioning itself as one of the few players actively investing in deeper grassroots engagement toward deepening insurance penetration in Nigeria.

About SanlamAllianz

SanlamAllianz is a leading Pan-African financial services entity, established in September 2023 through a joint venture between Sanlam, Africa’s largest non-banking financial services provider, and Allianz, one of the world’s foremost Insurers and Asset Managers. Operating across 27 African countries, SanlamAllianz combines over two centuries of collective experience to offer a comprehensive suite of services, including life and general insurance, asset management, assistance, third-party administration, and retail credit.

Book Presentation: GOCOP Seeks to Sanitise Online Journalism, Set Standards

Business Journal

18/06/2025

The President of the Guild of Corporate Online Publishers (GOCOP), Ms. Maureen Chigbo, has stated that the organisation’s primary objective is to sanitise the online media space and establish standards for the industry. Speaking at the launch of GOCOP’s maiden publication, “Nigeria Media Renaissance: GOCOP Perspectives on Online Publishing,” and a fundraising event for the GOCOP Media Centre in Abuja.
Chigbo emphasised the need for collaboration with stakeholders to achieve this goal.
As a group of professional journalists with over two decades of experience in mainstream media, GOCOP is committed to promoting ethical online publishing practices.
Chigbo noted that the organisation’s members are dedicated to upholding the principles of truth, fairness, and balanced reporting, and have introduced a self-regulatory mechanism to ensure compliance.
To maintain high standards, GOCOP has established several committees, including a Disciplinary Committee/Ombudsman to address public complaints and ensure accountability.
Chigbo stressed that the organisation takes its self-regulation responsibility seriously and is committed to weeding out unprofessional conduct.
The GOCOP President acknowledged the contributions of members, contributors and supporters, including Mr. Dapo Olorunyomi, Publisher of PREMIUM TIMES, who wrote the foreword to the book as well as the reviewer and President, Nigerian Institute of Public Relations (NIPR), Dr. Ike Neliaku.
She also expressed gratitude to the Federal Government, state governments, institutions, and corporate organisations for their support.
Chigbo appealed for generous donations to strengthen GOCOP and build the Guild’s Media Centre, which will empower members to run their businesses profitably.
She also urged public relations practitioners, advertisers, governments, and civil society organizations to support GOCOP businesses, emphasising the critical role that online media plays in building a society where justice, peace, and individual rights are respected.
By promoting ethical online publishing practices and collaborating with stakeholders, GOCOP aims to establish itself as a leading voice in the online media industry and contribute to the growth and development of the sector.

Chain Reactions Africa Clinches Top Honours as Nigeria’s Most Celebrated PR Firm at SABRE Awards

Business Journal

18/06/2025

Chain Reactions Africa Clinches Top Honours as Nigeria’s Most Celebrated PR Firm at SABRE Awards

L-R: Israel Opayemi, MD/Chief Strategist, Chain Reactions Africa; Arik Karani, President, African Public Relations Association (APRA); Group Corporate Communications and Events Manager, Dufil Prima Foods, Temitope Ashiwaju, and Esther Cobbah, President, International Public Relations Association (IPRA) during the SABRE Africa awards held in Mombasa, Kenya on Thursday June 12, where Chain Reactions received 4 Awards for its work in delivering measurable and impactful communications for its clients.

In a dazzling repeat performance on the continental stage, Chain Reactions Africa once again proved its mettle, emerging as Nigeria’s most awarded Public Relations consultancy at the 2025 SABRE Africa Awards held in Mombasa, Kenya.

The firm scooped four coveted trophies from a fiercely competitive pool of over 500 entries, solidifying its position as a creative force and strategic powerhouse in the African communications landscape. At the heart of Chain Reactions’ triumph was its Diamond SABRE win for Company of the Year (Dufil Prima Foods/Indomie) — a resounding nod to its impactful storytelling through the Indomie Heroes Awards, a CSR campaign that honours young Nigerian heroes and reaffirms the brand’s deep social conscience.

Also, among the winning campaigns was #OdourPandemic for NIVEA, the globally renowned skincare brand produced by Beiersdorf, which picked up two trophies – Superior Achievement in Research and Planning and Best in the Healthcare Categories. This campaign seamlessly fused an insight-led strategy with hygiene education, leading to the development of the 25ml SABI roll-on and engaging over 195,000 students across Lagos, Port Harcourt, and Abuja. By turning students into Cause Champions, the initiative delivered real societal impact — with educators reporting marked improvements in hygiene practices.

In the Public Sector/Government category, Chain Reactions was awarded for its campaign for the Federal Ministry of Art, Culture, and Creative Economy (FMACCE) titled “Striking Gold”, a strategic initiative to amplify the ministry’s milestones, build visibility, and shape public perception.

“These wins reflect the power of ideas that move people and the impact of purpose-driven storytelling. We’re incredibly proud to lead the charge for Nigerian PR on the global stage,” said Israel Opayemi, Managing Director and Chief Strategist at Chain Reactions Africa.

The SABRE Awards (Superior Achievement in Branding, Reputation & Engagement) are the gold standard of excellence in PR, recognising campaigns that deliver strategy, creativity, and measurable impact.

Chain Reactions Africa made history in 2024 by sweeping seven SABRE trophies, the most ever won by a Nigerian firm in a single year — and their 2025 performance confirms they are not just a top contender, but a consistent trailblazer for the industry.

CBN Affirms Strength of Banking Sector, Issues Routine Transitional Guidance for Select Institutions

Business Journal

18/06/2025

As part of its ongoing efforts to strengthen the banking system, the Central Bank of Nigeria (CBN) introduced time-bound measures for a small number of banks still completing their transition from the temporary regulatory support provided, mostly in response to the economic impact of the COVID-19 pandemic.

This step is part of the CBN’s broader, sequenced strategy to implement the recapitalisation programme announced in 2023. The programme, designed to align with Nigeria’s long-term growth ambitions, has already led to significant capital inflows and balance sheet strengthening across the sector.

Most banks have either completed or are on track to meet the new capital requirements well before the final implementation deadline of March 31, 2026. The measures announced apply only to a limited number of banks. These include temporary restrictions on capital distributions, such as dividends and bonuses, to support retention of internally generated funds and bolster capital adequacy. All affected banks have been formally notified and remain under close supervisory engagement. To support a smooth transition, the CBN has allowed limited, time-bound flexibility within the capital framework, consistent with international regulatory norms. Nigeria generally maintains Risk-Based Capital requirements that are significantly more stringent than the global Basel III minimums.

These adjustments reflect a well-established supervisory process consistent with global norms. Regulators in the U.S., Europe, and other major markets have implemented similar transitional measures as part of post-crisis reform efforts. The CBN remains fully committed to continuous engagement with stakeholders throughout this period via the Bankers’ Committee, the Body of Bank CEOs, and other industry forums.

The goal is to ensure a transparent, predictable, and collaborative regulatory environment. Nigeria’s banking sector remains fundamentally strong. These measures are neither unusual nor cause for concern; they are a continuation of the orderly and deliberate implementation of reforms already underway.

The CBN will continue to take all necessary actions to safeguard the sector’s stability and ensure a robust, resilient financial ecosystem that supports sustainable economic growth.

PenCom to Newspaper Owners: Clear N720m Pension Debt

Business Journal

18/06/2025

From Left: The Director General of the National Pension Commission, Ms. Omolola Oloworaran and the President, Newspaper Proprietors’ Association of Nigeria (NPAN), Mr. Kabiru Yusuf during a recent visit to the President of NPAN.

The Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has raised alarm over widespread non-compliance with the Pension Reform Act (PRA) 2014 by media organisations in Nigeria, revealing that newspaper owners owe journalists over N720 million unpaid pension contributions.

Speaking during a courtesy visit to the President of the Newspaper Proprietors’ Association of Nigeria (NPAN), Mr. Kabiru Yusuf, in Abuja on Monday, Ms. Oloworaran described the findings as “very troubling” and called for urgent collaboration between PenCom and newspaper proprietors to enforce compliance across the sector.

PenCom acknowledged the deep value of the role of the media in shaping public discourse, and said it is disheartening that many organisations within the media are failing to meet a fundamental obligation to their employees.

The Director General said PRA 2014 mandates all employers to remit pension contributions for their employees monthly, within seven days of salary payment. However, she said PenCom’s investigations show that many newspaper houses have ignored this obligation, with arrears totalling over N720 milliiaon.

Ms. Oloworaran told NPAN that PenCom is not seeking to penalise erring organisations at this stage but prefers a collaborative approach to achieving sector-wide compliance. She added that PenCom has been engaging employers across industries and recently held discussions with the Nigerian Press Council (NPC) to drive awareness and compliance in newspaper organisations.

While noting the overall poor compliance within the industry, the DG singled out Daily Trust for commendation, describing the paper as a “leading example” for consistently meeting its pension obligations since 2015.

Responding, NPAN President, Kabiru Yusuf, acknowledged the pension compliance issues in newspaper organisations in Nigeria but urged PenCom to understand the dire financial situation of the media industry.

NPAN President said the reality is that many newspapers in Nigeria are struggling to even pay staff salaries, let alone pension contributions, adding that only a few are managing to stay afloat, and even among them, there is often reluctance to part with money for statutory payments like tax and pensions.

He welcomed PenCom’s engagement efforts and proposed a broader industry dialogue through the Nigerian Press Organisation (NPO), a coalition that includes NPAN, the Nigerian Guild of Editors (NGE), and the Nigeria Union of Journalists (NUJ).

Yusuf suggested that PenCom participate in an expanded meeting of stakeholders in Lagos this year, where the challenges of compliance and potential solutions can be jointly addressed.

Oloworaran agreed to the proposal, expressing hope that such a forum would serve as a meaningful step toward sustainable pension reform compliance in the media.

“We are not focused on being punitive because the law allows us to sanction. That is not what we are looking at. I believe we can work together to get all these media houses to make the necessary contributions towards the financial security of their workers,” the DG said.

The meeting marked a renewed effort by PenCom to hold employers in the media sector accountable and compliant with the PRA 2014.

Execution of Oloibiri Museum Project to Commence as Promoters Hand over Site to Julius Berger

Business Journal

18/06/2025

Officials of the Nigerian Content Development and Monitoring Board (NCDMB) and Julius Berger Plc at the site of Oloibiri Museum and Research Centre (OMPRC).

Construction work at the long-awaited Oloibiri Museum and Research Centre (OMPRC), Otuabagi, in Ogbia Local Government Area of Bayelsa State is set to begin as the project promoters on Tuesday handed over the project site to Messers Julius Berger Plc, a renowned construction company, at a well-attended ceremony at the Otuabagi community town hall.

The event marked the completion of formalities and alignment of all key stakeholders, thus ensuring that the project would proceed without hitches at the exact location where oil production began in Nigeria in 1957.

Elated at the development, the project lead and Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, said the multibillion-naira project, which consists of a world-class Oil and Gas Museum Centre and a Research Testing Centre, was in fulfilment of the expressed desire of the project promoters to place Otuabagi community, the location of Oloibiri Oil Well 1, on the world map.

He noted that the tradition worldwide has been to immortalize the beginnings of the oil and gas industry by citing projects of significant socio-economic worth in communities where exploitation and production of petroleum began, and that the project promoters, namely, Petroleum Technology Development Fund (PTDF), Nigerian Content Development and Monitoring Board (NCDMB), Shell Petroleum Development Company (now Renaissance Africa Energy Limited), and Bayelsa State Government, believe that the case of Nigeria did not have to be different.

Citing Pennsylvania, United States, reputed to be the birthplace of America’s oil industry, and a number of other cities across the world, he said, “you see museums, research centres, tourist attractions,” among other things, as distinctive features that give deserved prominence and material benefits to such communities.

The NCDMB boss was represented by the Board’s Director of Corporate Services, Alhaji Abdulmalik Halilu, and he told the community that “history is in the making” as Julius Berger moves to the 55.05-hectare project site to commence construction, assuring them that a project management team has been constituted to ensure that timelines and other expectations were strictly adhered to by the construction giant.

He disclosed that a governance structure has already been drawn up for the Museum Centre for purposes of efficient and effective management, and that the community would be given a sense of belonging at all times. He charged youths of the community to prepare to take advantage of training programmes to be provided in diverse skill sets to be able to secure employment in the facility.

The Executive Secretary commended the Otuabagi community, particularly its Stakeholder Committee led by Vice Chancellor of Federal University, Otuoke, Professor Teddy Adias, for the remarkable maturity and comportment exhibited during earlier disputes relating to the project location.

In his remarks, the Chief of Staff, Government House, Bayelsa State, Hon. Peter Akpe, who represented the Bayelsa State Government, said the handover ceremony signaled the transition from drawing board to action and that a project that had been so long in the pipeline is finally coming to fruition.

He commended the NCDMB, and other promoters as well as the community’s Stakeholder Committee for their commitment thus far.

A representative of Julius Berger, Mr. Rimon Marisho, Deputy Regional Manager, South and East, expressed appreciation to NCDMB, Bayelsa State Government and the Otuabagi community for all they have done to bring the plans for the project to execution phase. He described the handover ceremony as “a perfect beginning,” while assuring all, “we are here for development.”

Goodwill messages were given by the President of the Ijaw National Congress (INC), Professor Benjamin Okaba, and the President of the Ijaw Youth Council (IYC), Sir Jonathan Lokpobiri, who pledged maximum support for the project and also assured of a safe environment for the construction work.

Earlier in a welcome address, the Chairman of the community’s Stakeholder Committee, Professor Adias, expressed appreciation to the NCDMB, PTDF, Shell and Bayelsa State Government for their efforts in actualising the project, which has been on the drawing since 1981, during the administration of the then President Shehu Shagari.

He said the handover of the project site to Julius Berger was a momentous event in the history of the Otuabagi community, which has long yearned for due recognition and development projects as the birthplace of Nigeria’s oil and gas industry.

Among the project promoters, namely, PTDF, NCDMB, Shell (now Renaissance Africa) and Bayelsa State Government, is a contribution ratio of 40:30:20:10, respectively.

Key features of the project concept include an imposing Oil and Gas Museum, within which is a display of geological formations, platforms, early equipment and tools marking successive stages in the evolution of oil and gas operations in Nigeria, an interactive screen for digital engagement with professionals, students, tourists and historians across the globe in search of knowledge.

The Research Testing Centre, which is the second arm of the complex, will have an open field around one of the abandoned wells, where field trials of prototypes of oil- and gas-related indigenous research will be conducted, in fulfilment of the requirement for product acceptance in industrial application. It will also provide access to university students in oil- and gas-related disciplines to potentially appreciate an active oilfield.

Other NCDMB personnel at the event were the General Manager, Human Capaital Development, Mr. Esueme Dan Kikile, General Manager, Midstream Monitoring, Mr. Silas Ajimijaye and General Manager, Facility and Logistics Division, Mr. Suleman Ozhimede.

The Bayelsa State Government team also included Commissioner for Lands, Mr. Perepuighe Biewari, Technical Adviser to the State Governor on Treasury, Revenue and Accounts, Mr. Timipre Seipulo and Director General, Bayelsa Investment Promotion Agency (BIPA), Ms. Patience Abah.

Chain Reactions Africa Clinches Top Honours as Nigeria’s Most Celebrated PR Firm at SABRE Awards

Business Journal

16/06/2025

The SABRE Awards (Superior Achievement in Branding, Reputation & Engagement) are the gold standard of excellence in PR, recognising campaigns that deliver strategy, creativity, and measurable impact.

Excitement as Malta Guinness Wraps Up Three-Day Eid Celebration in Kano

Business Journal

16/06/2025

L-R: Area Sales Manager, Guinness Nigeria, Danjuma Bigun; Brand Intern, Malta Guinness Nigeria, Oluwapelumi Oba; Brand Manager, Malta Guinness Nigeria, Ndupana Koji; Actor and Brand Ambassador, Malta Guinness Nigeria, Ali Nuhu, and Head of Division, North, Guinness Nigeria PLC, Daniel Akor, at the Malta Guinness Eid Festival in Ado Bayero Mall, Kano State recently.

It was an Eid celebration like no other for residents of Kano, as Malta Guinness thrilled them with an exciting three-day Eid Fiesta held from Saturday, June 7, to Monday, June 9, 2025, at the Ado Bayero Mall. The gathering brought together local families and individuals for fun and exciting moments focused on connection and positive engagement.

The occasion served as a platform for Malta Guinness to interact with its consumers, fostering a sense of kinship during this celebratory period. Throughout the event, guests participated in various interactive challenges and games, winning items such as packs of Malta Guinness drinks, branded shirts, umbrellas, flasks, and stationery, with the grand prize being a ram.

Notable personalities, including entertainer Ali Nurudeen, Chef Ma, and actor Ali Nuhu, graced the event, adding to the vibrancy and excitement. Their colourful presence offered guests memorable opportunities for interaction and photo moments. Exclusive cocktails crafted with Malta Guinness were also served to the delight of all and sundry.

Speaking during the festivities, Ndupani Koji, Brand Manager for Malta Guinness, expressed satisfaction with the considerable participation. “The sheer volume of individuals who have joined us and their enthusiasm for the activities is truly inspiring. It underscores our commitment to connecting with our community in meaningful ways,” she said.

To qualify for the grand reward, consumers simply purchased a can of Malta Guinness, receiving tickets for a draw. The raffle determined the winners of various items.

The event was graced by key representatives from the brand, including Josiah Monday, Territorial Activation Lead; Mr. Okee Joseph, Regional Sales Manager; Alex Lucas, Regional Marketing Manager; Daniel Akor, Head of Northern Operations; Danjuma Bigun, Regional Sales Manager; Abraham Elukpo, National BTL Activations Lead, and various members of the senior management team.

The grand moment saw Abiodun Johnson claim the ultimate prize, a ram, leaving him brimming with excitement. “My best memory of Sallah as a child was family gatherings, but Malta Guinness has truly made this day my new favorite memory of Sallah! I’m very happy and I want to thank Malta Guinness for this opportunity,” he said.”

The three-day fiesta demonstrated Malta Guinness’s dedication to celebrating key moments with its consumers while emphasizing nourishment and wholesome living.

Leadway, STI, NCRIB, Guinea Insurance, NLNG, Zenith Bank, IEI, Stanbic IBTC Insurance for SUPERNEWS AI Confab’25

Business Journal

16/06/2025

Blue-chip companies and reputable organisations from various sectors have signed up support for the hosting of SUPERNEWS Artificial Intelligence Confab’25 holding at Oriental Hotel, Lagos on Thursday June 19, 2025 starting at 10 am.

The organisations include the Nigeria Liquefied Natural Gas (NLNG), Zenith Bank Plc, Leadway Assurance company Limited, Sovereign Trust Insurance Plc, Guinea Insurance Plc, Nigerian Council of Registered Insurance Brokers (NCRIB), International Energy Insurance Plc (IEI), Ugooafunwa Investment Company Ltd, Zonaish Global Resources, Dontex Ventures Nigeria, Big Gate Africa.

Appreciating the organisations, the Convener of the conference, the Publisher of SUPERNEWS Nigeria, Ngozi Onyeakusi equally thanked other organisations and individuals who have supported SUPERNEWS Nigeria over the years.

She commended the Nigeria Liquefied Natural Gas (NLNG) Limited, Leadway Assurance Company Limited and Sovereign Trust Insurance Plc for being consistent in supporting SUPERNEWS Nigeria Annual Conference.

The conference with the theme; Power of AI: Enhancing Efficiency and Customer Satisfaction for Better Financial Services Experience has the Managing Director of Cowry Asset Management Limited, Mr Johnson Chukwu as its keynote speaker and Alhaji (Dr) Umaru Kwairanga as the Chairman.

The Commissioner for Insurance, the National Insurance Commission (NAICOM), Mr Olusegun Ayo Omosehin and the Director-General, National Pension Commission (PenCom), Mrs Omolola Oloworaran will be Special guests of honour at the event.

Guest Speakers for the conference include renowned experts like the Founder/CEO, ZER Consulting Africa, Mrs. Adeolu Adewumi-Zer, the Fmr. 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.

Onyeakusi explained that this year’s confab focuses on how AI is redefining the financial services sector, accelerating automation, customer engagement, risk management and fraud prevention.

The conference she said 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.

SUPERNEWS choice of the theme was borne out of its quest to contribute its quota in equipping Nigerians with requisite knowledge in embracing tech innovations.

Fidelity Bank ED, Kevin Ugwuoke, Takes Over as President of Risk Managers Association

Business Journal

16/06/2025

L-R: Registrar/Chief Executive, Chartered Risk Management Institute of Nigeria (CRMI), Victor Olannye; Divisional Head, Risk Management Securities and Exchange Commission (SEC), Grace Abioye; Immediate Past President, CRMI, Ezekiel Oseni; President, CRMI and Executive Director/Chief Risk Officer, Fidelity Bank Plc, Kevin Ugwuoke; Director, Enterprise Risk Management, Nigeria Deposit Insurance Corporation (NDIC), Amal Haruna; and Rep. Keynote speaker, Deputy Group Management Director, United Bank of Africa (UBA), Chukwuma Nweke; at the CRMI Conferment Handover/Sent-Forth ceremony, held in Lagos recently.

Kevin Ugwuoke, Executive Director and Chief Risk Officer of Fidelity Bank Plc has formally assumed office as President of the Chartered Risk Management Institute of Nigeria (CRMI).

His leadership promises a reform-focused era anchored on policy advocacy, ethical standards, and digital innovation to deepen risk governance across sectors in the country.

Speaking during the presidential handover ceremony in Lagos over the weekend, Ugwuoke — who also doubles as acting President of the Federation of African Risk Management Associations (FARMA) — described his election as “a call to action.”

He pledged to reposition CRMI as a thought leader and institutional partner in shaping the future of risk management in Nigeria’s national development.

“Our mission is more than just certification; it’s about strengthening the culture of risk governance across sectors. We will collaborate with regulators, raise awareness, and provide practical tools to help organizations embed risk discipline at all levels.”

Ugwuoke outlined a five-pronged strategy to guide his administration: strengthening professional education and certification; deepening policy and regulatory engagement; accelerating digital transformation; integrating ESG and climate risk into corporate strategies; and mentoring the next generation of risk practitioners.

He explained that CRMI will align its initiatives with key policy institutions — including the Nigerian Economic Summit Group, the National Assembly, and sub-national governments — to help embed robust risk frameworks into economic development plans.

“We must integrate risk thinking into how we plan, govern, and invest. We will advocate for more inclusive regulations to empower small and medium enterprises, improve macroeconomic stability, and foster institutional resilience.”

Ugwuoke also announced plans to revise the Institute’s curriculum, introduce specialised certifications to reflect emerging risks, and implement a new National Risk Observatory to provide real-time risk data to both the public and private sectors.

“Digital innovation will be central to how CRMI operates going forward. We are automating our backend, delivering more virtual training, and employing technology to scale our impact across the country and beyond.”

In his remarks, the outgoing President of CRMI, Ezekiel Oseni, challenged the new leadership to consolidate on the achievements made under his tenure — from securing chartered status and strengthening partnerships to gaining greater international recognition — and take the Institute to the next level.

Also speaking on the occasion, Chukwuma Nweke, deputy managing director of United Bank for Africa (UBA), delivering a goodwill message on behalf of Group Managing Director, Oliver Alawuba, described Ugwuoke as a worthy successor.

“As Professor Oseni hands over the baton to Kevin Ugwuoke — a well-respected leader in the risk management ecosystem — we are assured CRMI is poised for greater achievements under his watch.”

Nweke stressed that growing economic uncertainties — from inflation and exchange rate volatility to growing debt — underscore the need for a more strategic view of risk. “Risk must be recognised not as a compliance obligation or a cost center but as a key enabler of resiliency and growth. Institutions that embed risk into their strategies will absorb shocks more effectively, unlock value, and inspire investor confidence.”

As part of the day’s ceremonies, 11 distinguished practitioners were conferred with the Fellow of Chartered Risk Manager (FCRMI) award, while 21 new members were formally inducted as Chartered Risk Managers (CRM).

Furthermore, a new Governing Council was inaugurated to oversee the affairs of the Institute for the 2025–2027 term, marking a decisive step forward in institutional renewal and policy direction.

Leadway Assurance Delivers Record ₦173.2bn Insurance Revenue, ₦117bn in Claims Payouts for 2024

Business Journal

16/06/2025

Leadway Assurance Company Limited has announced a landmark financial performance for the year ended December 31, 2024, posting a record-breaking ₦173.2 billion in insurance revenue, representing a 51% increase from ₦114.4 billion in 2023.

This exceptional growth not only solidifies Leadway’s market leadership but also significantly supports the Federal Government’s initiatives aimed at growing the Nigerian economy by contributing substantially to the nation’s financial services sector and fostering economic stability.

In a move that aligns with the regulatory intention of deepening insurance penetration across Nigeria, the company also reaffirmed its unwavering commitment to policyholder protection by settling an impressive ₦117 billion in total claims.

This payout maintains Leadway’s eight-year streak as the industry’s highest claims-paying insurer, demonstrating the tangible benefits of insurance and building public trust, which is crucial for expanding the reach of insurance services.

This robust performance cements Leadway’s leadership in the Nigerian insurance industry, underscoring its ability to deliver sustained growth and customer-centric outcomes even in an operating environment challenged by rising inflation, exchange rate volatility, and declining consumer purchasing power.

The revenue growth was primarily driven by strong performance across key lines of business in the company’s insurance portfolio. Claims expenses rose from ₦70.4 billion in 2023 to ₦117 billion in 2024, with the non-life segment accounting for ₦49.5 billion, followed by ₦44.9 billion in annuity payouts and ₦23.2 billion in life business claims.

Commenting on the results, Gboyega Lesi, Managing Director of Leadway Assurance, said: “Our 2024 results reflect our resilience and readiness to adapt in an evolving market. This achievement is a testament to our commitment to innovation, technology-driven service delivery, and the relentless efforts of our exceptional workforce and partners.” He further emphasised the company’s forward-looking agenda, stating: “We are committed to accelerating our digital transformation journey, enhancing risk management frameworks, and deepening strategic partnerships to sustain our market leadership.” General Martin Luther Agwai (Rtd.), Chairperson of the Board, added: “Our 2024 financial performance demonstrates the agility, foresight, and robustness of our business model. It reflects the dedication of our people and the enduring trust of our customers.”

“I am confident that Leadway is strategically positioned to navigate industry shifts and deliver long-term value to all stakeholders. Our ambition remains to be Nigeria’s leading insurance and non-banking financial services provider, guided by integrity, professionalism, and innovation.”

With continued focus on digital innovation, capital strengthening, and clientfocused solutions, Leadway Assurance is well-positioned to seize emerging opportunities and deliver exceptional value across Nigeria and the broader African continent.

Bloom Weekend 2025: Empowering Women to Lead, Innovate, Thrive

Business Journal

16/06/2025

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, this June, invites women across Nigeria to experience a celebration like no other, Bloom Weekend 2025, a dynamic, immersive, and transformational event designed to empower women to break barriers, build legacies, and scale new heights. The event is scheduled to take place from Friday, 20 June, to Saturday, 21 June 2025.

Rooted in the spirit of the Stanbic IBTC Blue Blossom Community, Bloom Weekend is more than a gathering, it’s a movement dedicated to accelerating women’s leadership, financial independence, and entrepreneurial success. This year’s theme, “Bloom Into More,” sets the stage for what promises to be a weekend packed with innovative ideas, vibrant networking, and real-world opportunities.

Attendees would immerse themselves in a lineup of high-impact sessions, where Nigeria’s trailblazing female executives, business moguls, and entrepreneurs will share their journeys and lessons learnt. This year’s event will commence with an SME Entrepreneurship Summit anchored by the Enterprise Development Centre of Pan Atlantic University. The training is set to equip participants with practical strategies on how to structure and grow their businesses. Featuring a robust curriculum curated by the Enterprise Data Centre, participants would be awarded Certificates of Participation at the end of the session. For many, this would be the opportunity that would help transform their passions into profitable, sustainable enterprises.

Another highlight of the weekend is the LADIES AT THE TABLE EMPOWERMENT SERIES (LATTES) panel, an engaging live event featuring inspiring women leaders. The keynote address will be delivered by Patience Torlowei, Founder of Torlowei. Confirmed panelists include Eunice Showunmi, Aderinsola Adeyemi, Olayide Odediran, Hawa Magaji, and Oler Oladele, each poised to share their expertise and insights on the theme.

The Bloom Hub will feature a lively marketplace of women-led businesses, offering attendees a chance to discover and support innovative brands. Simultaneously, there would be masterclasses hosted by CEO of Arami Essentials, Ore Lawani and Founder, DictionwithDerin Aderinsola Adeyemi, while Stanbic IBTC’s advisory teams would be available onsite, providing personalised financial consultations to guide attendees on how to achieve their financial dreams.

“Our vision for Bloom Weekend 2025 goes beyond inspiration,” said Olajumoke Bello, Head, Enterprise Business, Stanbic IBTC Bank. “We are committed to action, real mentorship, real funding opportunities and real partnerships. We are building a community where every woman can find the tools, connections, and confidence to achieve more.”

In addition to the main sessions, participants would enjoy vibrant experiential activations and get the opportunity to sign up to the Blue Blossom online community of female business owners. From wellness activities like yoga and massages to games and a vibrant kiddies’ corner, the 2025 Bloom Weekend is guaranteed to be a wholesome 360-degree experience for all who would be in attendance.

The Bloom Weekend is open to all women including established and emerging entrepreneurs, corporate leaders, innovators in tech, young professionals, and all women ready to invest in their future.

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