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LaPRIGA Awards 2024: Chain Reactions Africa Claims Three Deserving Recognitions

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L-R: Senior Multimedia Specialist, Creative & Digital, Chain Reactions Africa, Akeem Adelakun; MD/ Chief Strategist, Chain Reactions Africa, Mr. Israel Opayemi; Hon. Commissioner for Youth and Social Development, Lagos State, Bolaji  Ogunlende; Chairman, Lagos Chapter, Nigerian Institute of Public Relations (NIPR), Comfort Nwankwo, and Associate Consultant, Strategy & Business Management, Chain Reactions Africa, Oluwadamilola Olujide, at the Lagos Public Relations Industry Gala and Awards (LaPRIGA) 2024, held on Friday December 13, 2024 in Lagos.

Chain Reactions Africa, one of Africa’s leading public relations and integrated communications consultancies, continued its awards-winning streak in 2024 by clinching three more prestigious awards in the recently hosted Lagos PR Industry Gala & Awards (LaPRIGA) 2024, which was held on Friday, December 13, 2024 in Lagos.

Chain Reactions Africa emerged as winner of the ‘Public Sector PR Campaign of the Year’ for the firm’s Windfall Tax Policy Campaign for the Federal Inland Revenue Service (FIRS). The campaign was aimed at first, sensitising the Nigerian public about the Windfall Tax Policy and then, securing the compliance of key stakeholders for the policy.

The same campaign also clinched the ‘Best in Crisis Management’ award, off the back of its use of strategic communication to manage and avert the crisis that would have been precipitated by the enforcement of the Windfall Tax by the FIRS.

The highpoint of the day for the company was the crowning of its Managing Director and Chief Strategist, Mr. Israel Jaiye Opayemi, as the ‘Most Influential PR Professional’ for his exceptional professional persona, charismatic industry leadership, enviable profile, and commitment to the growth of the Public Relations industry.

Commenting on the LaPRIGA Awards recognitions, the Managing Director and Chief Strategist of Chain Reactions Africa, Mr. Israel Jaiye Opayemi, expressed appreciation for the honours. “Once again, I say a big thank you to the awards organisers, the Lagos State Chapter of NIPR, for raising the bar in organising this award to celebrate hard work and honour the resilience of deserving winners”, he said.

Opayemi charged the winners and all practitioners to drive better storytelling of their organisations and clients. “Let’s be the best. We are Public Relations people, let’s tell the stories of our respective organisations and clients better than ever before.”

He acknowledged the invaluable contributions of his team to Chain Reactions Africa’s unceasing accomplishments, describing them as the real shining stars of these honours. “These award recognitions are emphatically dedicated to all the creative rebels in the Chain Reactions Africa Tribe. You are truly the shining stars spurring these honours, and there wouldn’t be a Chain Reactions Africa without my team. Your unwavering commitment to client satisfaction and sacrifices are matchless; you are the reason we are not just winning, but also breaking more boundaries of excellence”, Opayemi said.

Speaking at the event, the Chairman, Nigeria Institute of Public Relations (NIPR Lagos Chapter), Comfort Obot Nwankwo, congratulated all the winners for their recognition as shining stars and urged them to be an inspiration to others while sustaining the momentum of success, character, and bravery.

“As we honour our shining stars tonight, let us reflect on our collective responsibilities and use our influence to advance inclusivity and sustainability in Public Relations. I challenge each of you to champion youth involvement, prioritise community breeding narratives and uphold highest standards of integrity in all that you do. I congratulate all nominees and winners tonight – may your success serve as an inspiration to others”, she said.

Themed, ‘The Shining Stars’, the 9th edition of LaPRIGA Awards expectedly turned out to be a resplendent and colourful get-together of the who-is-who in the integrated marketing communications industry with stakeholders drawn from the corporate, private, and public sectors.

According to the Chairman of the Selection Committee, Lead Consultant/CEO, Leap Communications, and Publisher of Breezy News, Muyiwa Akintunde, the ceremony had 22 award categories, and 81 entries were submitted in 21 categories, with the ‘Best in Political Communication’ not having any submission for this year’s edition. Others are ‘Special Honorary Awards’ and ‘Lifetime Achievements Award for select public relations industry veterans.

With three awards, Chain Reactions Africa has once again shown its unparalleled dominance in the marketing communications industry. Earlier in 2024, the company reached an unprecedented height by winning seven awards at the 2024 SABRE Awards.

It also emerged winner of the Edge Awards 2024 most coveted prize, ‘Outstanding PR Agency of the Year’, with its MD/ Chief Strategist, Opayemi, carting away the ‘Edge Grand Prix in PR’, Edge Awards’ most enviable and highest individual awards category.

The company, with offices in both Lagos and Abuja, won four deserving honours at the 2024 Brandcom Awards, including the ‘Most Outstanding PR Agency of the Year’; ‘Most Outstanding Agency in Political and Public Sector PR’, and ‘Strategic Communication Consultancy of the Year’. Its MD/ Chief Strategist also won the ‘CEO of the Year (Public Relations) category for his sound leadership qualities and desirable profile.

LaPRIGA is a high-profile award that recognises excellence and celebrates practitioners in public and corporate organisations as well as stakeholders to boost professionalism and more investment in the practice of public relations.

 

NCDMB Challenges Media to Interrogate, Support Nigerian Content Performance

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The Nigerian Content Development and Monitoring Board (NCDMB) in Port Harcourt challenged practising journalists and other media stakeholders to deploy their skills in interrogation of reports on Nigerian Content performance in the oil and gas industry, so as to make the facts behind the resounding success in in-country value addition known to citizens.

Speaking at a one-day workshop themed “The Role of the Media in Maintaining the Tempo of Nigerian Content Implementation,” the Executive Secretary of the NCDMB, Engr. Felix Omatsola Ogbe, said the Board profoundly appreciates the capacity of the mass media to inform and educate the populace and has chosen forums such as the workshop to bring practitioners up to speed with its activities.

According to him, “in 2025 NCDMB will be 15 years; looking at what we have been doing, the impact we have made in the oil and gas industry, moving Nigerian Content from less than five per cent in 2010 when we started to now 56 percent…we have made significant progress.”

Putting the growth in local content in context, he said, “for every N100 spent in the industry by operators and service companies, N56 is now retained in-country in terms of value addition [local assets, goods, expertise, etc. utilised].” Continuing, he added, “Our target is to be at 70 per cent by 2027.”

“You need to interrogate us more,” he reasoned, noting, “How did we get there? What are the metrics used [in computation]? That’s what will make your reporting adequately informative.” He assured the journalists that the Board would be supportive whenever they seek such clarification.

The Executive Secretary, who was represented by the General Manager, Corporate Communications and Zonal Coordination, Barrister Esueme Dan Kikile, said the Board has identified the integration of host communities into the oil and gas supply chain as one of the critical enablers of the strategic goal of 70 per cent by 2027, and has decided on appropriate measures.

He reaffirmed that the Board would implement the Back-to-the-Creeks Initiative designed to deepen the contributions of the oil and gas industry to the local communities through support of basic education, making affordable finance accessible to community contractors, equipping youths with relevant industry skills among other support that would benefit the local economy.

He emphasised that the Board has reviewed upwards its Community Contracting Financing Scheme to enable contractors in host communities to secure and execute reasonable contracts in the oil and gas industry. The single obligor has now been raised from N20 million to N100 million which, as the Board explained, “gives local contractors more opportunities to access higher figures.”

These measures, among others, are intended to minimise or completely eliminate conflicts, and thus create a peaceful and harmonious operating environment for oil and gas companies.

He identified the role journalists to the sustenance of the local content programme. According to Engr. Ogbe, “We expect the media to interrogate these [policy initiatives and planned interventions] and also follow up and ensure that NCDMB is able to accomplish these, because it will help our communities; it will help our young people.”

The workshop also had three paper presentations and two sessions of panel discussion. In the first presentation entitled “Implementing Nigerian Content New Contracting Guidelines,” Engr. Bashir Ahmed, a Supervisor of the Project Certification and Authorisation Directorate (PCAD), NCDMB, threw light on foundational facts regarding the NCDMB and its operations, such as Mandate and Mission Statement, Necessity for a Local Content Framework, a Regulatory Framework, Ministerial Regulations, Presidential Directives, and Guidelines.

He dwelt at length on the Presidential Directives issued by President Ahmed Tinubu in March 2024, in a deliberate effort to reverse the decline in foreign investments in the oil and gas industry.

The Directives were three, namely, “Presidential Directive on Local Content Compliance Requirement,” “Presidential Directive on Reduction of Petroleum Sector Contracting Cost and Timeline,” and “Presidential Directive on Oil and Gas Companies (Tax Incentives, Exemptions, Remission, etc.). Only the first two impact the operations of the NCDMB significantly.

Goals of the Presidential Directives, according to Government, include reducing the time it takes to conclude oil and gas contracts, eliminating intermediaries, and developing processes to verify and document in-country capabilities.

In his explanation Engr. Ahmed said the Directive on Reduction of Petroleum Sector Contracting Cost and Timeline “aims to hold the NCDMB and operators to strict reviews and approval timelines,” among other things.

He pointed out that “Timelines were never alien to NCDMB,” as the Board had introduced and put into use service-level agreements (SLAs) years ago. According to him, “SLA-compliance has driven our PEBEC (Presidential Enabling Business Environment Council) rankings.” (PEBEC ranked NCDMB as the Best Performing Agency for efficiency and transparency among ministries, departments and agencies in 2022, 2023 and 2024.)

Generally, the Directives were aimed at protecting companies with investments in-country and eliminating briefcase agents. Capacity audit of key segments of the industry have to be carried out to eliminate intermediaries.

On the gains of Federal Government’s initiative, he said, “the PDs have given new life to prospects of new final investment decisions (FIDs) for major projects. Projects that had been dormant are now being revived as the affected investors are returning to Nigeria for fresh negotiations.

He pointed out that “More FIDs mean new investments and more jobs, more projects more local content,” which is good for the economy, he added.

In the second presentation entitled “Nigerian Content Measurement Metrics and 10-Year Strategic Road Map,” the General Manager, Midstream of NCDMB, Mrs. Tassala Tersugh, explained that performance monitoring involves “monitoring of progress against Nigerian Content commitments and the NOGICD Act.” Compliance monitoring, on the other hand, is checking compliance with statutory requirements.

On key parameters for sustainable local content, she listed Regulatory Framework, Capacity Building, Gap Analysis, Research and Development, Funding and Incentives, and Access to market.

The third presentation, “Purpose-driven Journalism in the Age of Artificial Intelligence,” by Mr. Lekan Otufodunrin, a former Editor with The Punch and Media Career Coach, dwelt on the value Artificial Intelligence (AI) brings to the work of the journalist and the limitations that have to be dealt with.

According to him, “If you have data, AI can analyse it for you”, it can sift data and give content; AI tools would “generate images, videos, photos, transcribe, and turn text to audio and vice versa.” Nonetheless, the tools cannot replace the individual’s capacity to think.

A journalist that is purpose-driven must have a goal, a vision, passion, and more, and would spare no efforts in acquiring appropriate skills and knowledge to make the best of AI, according to him. AI would enhance content sourcing and production, but mastery of the tools is required for efficiency.

Otufodunrin advised journalists to have timelines to measure their careers and to be intentional, to set out that they want to succeed at what they are doing. They have to be ethical, to indicate that AI tools are used wherever applicable and never claim to be creator of such material.

In the first panel session, the discussants, namely, Engr. Bashir Ahmed and Mrs. Tassala Tersugh, with the moderator, Dr. Obinna Ezeobi, Deputy Manager, Corporate Communications, examined what it would take to achieve the 70% target for Nigerian Content by 2027. Engr. Ahmed said the Board has to “take cognizance of market realities – how do we increase projects.”

In addition, it would be rewarding if indigenous oil and gas companies strive for specialisation, concentrating their resources and energies where they could deliver value best.

To the second question, has the Monitoring and Evaluation (M&E) Directorate got the tools, capacity for its tasks?” Mrs. Tersurgh answered in the affirmative, adding, “We are not afraid to ask for help when necessary,” and that “The Board allows the M&E Directorate to engage Third Party monitors.” Besides, NCDMB works closely with other agencies in the industry, notably, the Nigerian National Petroleum Company Limited (NNPCL), Nigerian Upstream Petroleum Regulatory Commission, the Nigeria Immigration Service, and others.

In the second panel session were Professor Diri Teilanyo and Dr. Doubra Timi-Wood, with Dr Ezeobi as moderator.

Media practitioners and stakeholders from over 90 media organisations attended the workshop. Key Management staff at the workshop included Mr. James Eyetigha, Zonal Coordinator, Delta and Edo States and Dr. Emma Ohanere, Zonal Coordinator, Abia and Imo States.

UBA Donates N500m to Lagos State Security Trust Fund

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L-R: Group Deputy Managing Director, United Bank for Africa (UBA), Muyiwa Akinyemi; Lagos State Governor, Babajide Sanwo-Olu; and Group Chairman, UBA, Mr. Tony Elumelu, during the presentation of N500m to Lagos State Security Fund by UBA Foundation, the corporate social responsibility arm of UBA, held at Lagos House, Marina on Sunday.

United Bank for Africa (UBA) through UBA Foundation, its corporate social responsibility arm, has donated the sum of N500 million to the Lagos State Security Trust Fund (LSSTF), as part of its continued commitment to secure environment for individuals and businesses

The N500 million cheque was presented to the Lagos State Governor, Babajide Sanwo-Olu, by the UBA Group Chairman, Tony Elumelu, who was accompanied by the bank’s Deputy Managing Director, Mr. Muyiwa Akinyemi at the State House, Marina, Lagos on Sunday.

Speaking during the presentation, Elumelu reiterated the bank’s dedication to supporting initiatives that ensure the safety and prosperity of communities across Nigeria adding that “at UBA, we understand that security is critical for economic growth and societal well-being. Our donation to the Lagos State Security Trust Fund is a reflection of the bank’s belief in building safer communities to enhance the quality of life for all. We are proud to partner with the Lagos State Government to achieve this shared vision of a secure environment conducive to investment and development.”

While receiving the N500 million cheque, the Lagos State Governor expressed appreciation to the UBA Group and UBA Foundation for the significant contribution and commended Mr. Tony Elumelu for its unwavering commitment to impactful projects, state’s progress and well-being.

He said: “We are grateful to the UBA Group for their significant contribution to the Lagos State Security Trust Fund. This donation will strengthen our efforts to enhance security and protect our citizens. Together we are building a safer Lagos for all.”

This latest gesture aligns with UBA Foundation’s Special Projects initiative, which focuses on addressing pressing societal issues through strategic partnerships and impactful interventions. Over the years, UBA Foundation has actively contributed to enhancing education, the environment, and economic empowerment and special projects such as these critical donations across Africa. The Foundation’s commitment to security as a driver of sustainable development is evident in its support for programs like the LSSTF.

Group Chairman, United Bank for Africa (UBA), emphasised the bank’s role as a leader in giving back to society. He explained that in pledging its support to the state’s efforts at improving security, UBA recognises the vital link between safety and economic stability.

He said: “This partnership with the Lagos State Government reinforces the Bank’s belief in collaborative efforts as the key to addressing security challenges and creating environments where individuals and businesses can thrive. We believe that a secure Lagos State is integral to a secure Nigeria. UBA Foundation will continue to support transformative initiatives that uplift lives and drive development.”

UBA Foundation, the CSR arm of the UBA Group, is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Education, the Environment, Economic Empowerment and other Special Projects.

Oloibiri Museum: NCDMB Executes Construction Contract with Julius Berger

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The Nigerian Content Development and Monitoring Board (NCDMB) on Thursday executed the engineering, procurement, and construction contract with Julius Berger PLC for the development of Oloibiri Museum and Research Centre (OMRC), to be located at Otuabagi, Ogbia Local Government Area of Bayelsa State.

The Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe executed the contract at the Board’s liaison office in Abuja, with the project construction to be delivered within 30 months.

The Oloibiri Museum and Research Centre (OMRC) is being financed by the Petroleum Development Technology Fund (PTDF), NCDMB, Shell Petroleum Development Company/Nigerian National Petroleum Company Ltd and the Bayelsa State Government, in the ratio of 40:30:20 and 10 respectively.

The project is registered by guarantee, with the four organisations serving as partners. The contract agreement has been approved by the partners and signed by Julius Berger PLC.

The Executive Secretary of NCDMB serves as the chairman of the registered company, hence he signed the contract on behalf of the partners, with the Director Legal Services, NCDMB, Mr. Naboth Onyesoh, Esq serving as the Secretary of the company.

The President Muhammadu Buhari administration had in February 2023 awarded the contract for the Engineering, Procurement and Construction scope of the OMRC to Julius Berger at the sum of N117billion.

The groundbreaking of the OMRC was performed in February 2023, a colorful ceremony attended by leading government officials, oil and gas stakeholders and community members.

Engr. Felix Omatsola Ogbe expressed delight on the execution of the contract, which marked the commencement of construction activities. He noted that the project will catalyze immense economic benefits for the Bayelsa and the national economy during the construction and operation stages.

He thanked the partners of the project and other stakeholders who contributed to the success of the project to date.

He indicated that the project was conceived to pay homage to the birthplace of Nigeria’s hydrocarbon commercial production journey which commenced in 1958.

He added that President Bola Tinubu believes that the project is long overdue hence the multi-level government and private sector collaboration was engineered to actualize the establishment of the project.

The OMRC project is expected to deliver a world-class oil and gas museum, showcasing the history of crude oil production in Nigeria and display of geological formations, early equipment, tools, and platforms used in the evolution of oil and gas activities.

In addition, the research testing center that will provide a facility where field trials of prototypes of oil and gas related indigenous research will be conducted, grant access to university students in oil and gas related disciplines to potentially better understand indigenous oil and gas technology advancements.

The OMRC project will also facilitate the commercialisation of research through the creation of a suitable ecosystem for the development of home-grown technology for oil and gas operations and create a new commercial value chain from Museum and Research operations that will generate employment for Nigerians.

 

 

Lagos State Joins Commonwealth Enterprise, Investment Council

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L-R: Global CEO, Commonwealth Enterprise and Investment Council (CWEIC), Rosie Glazebrook; Secretary to Lagos State Government, Mrs. Abimbola Salu-Hundeyin; Lagos State Governor, Mr. Babajide Sanwo-Olu; Honourable Commissioner for Commerce, Cooperatives, Trade and Investment, Lagos State, Mrs. Folasade Ambrose-Medebem, and Chairman, CWEIC Nigeria, Mr. Olasupo Shasore (SAN) at the signing of a Memorandum of Understanding between the Lagos State Government and CWEIC at the Lagos State Secretariat, Alausa, Ikeja on Tuesday, December 10.

The Lagos State Government has struck a strategic partnership with the Commonwealth Enterprise and Investment Council (CWEIC), a commercial, not-for-profit membership organisation with an official mandate from the Commonwealth Heads of Government to facilitate trade and investment throughout the 56 Commonwealth member nations.

The partnership which was formalised following the signing of a Memorandum of Understanding between the two parties, will see the Lagos State Government joining the CWEIC to take full advantage of the opportunities presented by being a member of a global business community. The partnership will help facilitate new relationships between the Lagos private sector and their international counterparts whilst helping local businesses access new export markets.

The strategic partnership will also support Lagos State through knowledge transfer and the sharing of best practices, to encourage greater foreign direct investment, support job creation, and the growth of key priority sectors of the state’s economy.

The state’s membership of the CWEIC will provide it with the opportunity to engage with business leaders and government decision-makers across the Commonwealth through networking, events, international delegation visits, and a customised engagement plan for 2024/25. The Lagos State Government will also be able to participate in the Global Advisory Council, which is an opportunity to introduce the state, its Deal Book, and Investment Framework to CWEIC network of international business leaders to familiarise the Commonwealth Business Community and seek feedback.

Speaking during the official signing ceremony, the Executive Governor of Lagos State, Mr. Babajide Sanwo-Olu said the event not only underscores the progressive vision of Lagos State but also demonstrates its unwavering commitment to partnerships that drive inclusive growth, innovation, and sustainable development. He described the state as a dynamic hub of commerce, culture, and creativity, and said that the partnership resonates with the shared values of economic prosperity, collaboration, and global engagement.

“The signing of this MoU with the CWEIC represents a pivotal milestone in our journey toward economic transformation and global relevance. The Commonwealth comprises 56 nations spanning Africa, Asia, the Americas, Europe, and the Pacific, with a collective GDP exceeding $13 trillion. It is a network that thrives on shared values of democracy, sustainability, and mutual respect.

“Through this partnership, Lagos State seeks to position itself as a leading gateway for Commonwealth trade and investment in Africa. The CWEIC, with its unparalleled network of businesses and institutions, offers Lagos the opportunity to connect with global enterprises, attract investments, and foster economic activities that will create jobs and elevate the living standards of our people”, Sanwo-Olu said.

He said the state is uniquely positioned to be a strategic partner within the Commonwealth network. “As Africa’s fifth-largest economy and the continent’s commercial nerve center, Lagos is home to over 25 million residents, making it one of the fastest-growing cities in the world. Our state contributes over 30% of Nigeria’s GDP and is responsible for more than 70% of the country’s industrial and commercial activities”, he said.

Lagos, he said, is a state that has embraced innovation, demonstrated resilience, and consistently redefined the limits of what is possible, whether in technology, entertainment, manufacturing, or finance, describing it as the cradle of innovation and the benchmark for excellence in Africa.

“Our administration has always prioritised creating an enabling environment for businesses to thrive. Through various initiatives, we have reduced bureaucratic bottlenecks, strengthened the ease of doing business, and fostered innovation to drive economic growth. Programmes such as the Lagos State Employment Trust Fund (LSETF), the Lagos Innovates programme, and the comprehensive overhaul of our transportation and infrastructure systems are prime examples of our forward-thinking policies”, Sanwo-Olu said.

The Governor said the administration recognises that sustainable development cannot be achieved in isolation, and requires strategic partnerships, visionary leadership, and a commitment to long-term goals, and expressed the belief that the partnership with CWEIC is a natural progression in its quest to make Lagos a globally competitive city.

He highlighted the opportunities the MoU provides for the state to include leveraging the Commonwealth network to attract investments into sectors like technology, agriculture, energy, and manufacturing, partnering with global entities to drive infrastructure projects that improve transportation, housing, and urban development, as well as facilitating knowledge transfer and skill development to equip the state’s youth for the future of work in a globalised economy.

He added that the partnership will among other things also help market Lagos as a destination for tourism and a melting pot of cultural diversity.

Sanwo-Olu urged private sector stakeholders to take full advantage of the opportunities that the partnership with CWEIC presents. He pointed out that while governments play a crucial role in setting the policy framework, the private sector remains the engine of economic growth, and urged them to foster a culture of innovation, collaboration, and entrepreneurship that will propel Lagos to new heights.

He pledged the administration’s commitment to the success of this partnership, saying that the MoU was more than just the signing of a document, but a statement of intent and a declaration that Lagos State is open for business and ready to take its rightful place on the global stage.

 

 

 

Linkage Assurance Transforms IIupeju Branch to Strengthen Business Access

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L-R: Mr. Okanlawon Adelagun, Executive Director, Technical; Mr. Anthony Saiki, Chief Marketing Officer; Mr. Daniel Braie, MD/CEO; Mrs. Mayen Umoren, Lead, Technical Practice; and Dr. Emmanuel Otitolaiye, Chief Financial Officer, all of Linkage Assurance Plc during the official opening of the Company’s transformed modern branch office complex in Ilupeju, Lagos.

Linkage Assurance Plc has transformed its Ilupeju Lagos Branch Office with modern building facilities that offer good ambiance for staff comfort and customers’ convenience.

The transformation work on the branch office is a significant step in the company’s mission to provide reliable and accessible insurance solutions to more customers within the Mainland Area of Lagos and neighbouring communities.

The office, located on Coker Road, Ilupeju is designed to offer a full range of general insurance products and services including home, auto, business, marine, aviation, oil and gas among others.

Daniel Braie, Managing Director/CEO, Linkage Assurance Plc speaking at the unveiling of the modern office complex said the welfare of staff remains a priority of the management, and underscores why the company had to take the bold step to make the work environment comfortable for staff at this time despite current economic realities.

Daniel Braie said the new environment provides customers a good ambiance to come and do business, assuring commitment of the Board and Management to make Linkage Assurance a place of comfort for employees and customers.

“This branch aims to bring personalised insurance services to residents and businesses within the community, ensuring they receive the best coverage to meet their needs, Braie said.

“We are excited to open our transformed office complex here in Ilupeju to bring our services closer to the community. This expansion reflects our commitment to providing tailored insurance options, along with exceptional customer service, to help individuals and businesses feel confident in their protection.”

Braie said management is committed to making sure that the transformation in branch offices is extended to other locations across the country.

Makems Excites Fashion Lovers at Abuja 2024 Jewellery Exhibition

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Makems Jewellery, an Abuja-based fast-rising jewellery-making company in Nigeria, has set the city agog, as it recently held its annual jewellery exhibition with a wide range of trendy, fine and unique handmade, locally-produced and imported jewellery products on display for hundreds of visitors to the venue of the event.

The jewellery exhibition was an expertly-curated showcase of exceptional ornaments, ranging from contemporary designs to vintage treasures such as Makems handmade jewellery, earrings, long necklaces, jewellery set, bangles and bracelets, rings and male bracelets, among others with special focus on promoting local contents, which aligns with Federal Government’s policy direction on promotion of local contents in all sectors of the economy.

The annual Makems 2024 Jewellery Exhibition, which took place on December 7, 2024 at the Glowing Ages Academy, Games Village Road, Kaura District, Abuja attracted fashion lovers and potential clients, who used the opportunity to purchase trendy jewellery of their choice which meet their status as the Yuletide season begins while networking with other visitors.

Addressing stakeholders and visitors at the event, the Director of Business Development at Makems, Miss Temitope Adejare, said Makems Jewellery makes unique jewellery products locally and also sell imported jewellery products as well.

“Considering what has been happening in the economy in the area of dollar exchange to Naira, you will realise that things that are imported have become so expensive because they are in dollar. So, what we have done at Makems Jewellery is to ensure that we source for local jewellery materials and we have a lot of them that are locally-made in Nigeria on display at this exhibition.

“Makems Jewellery has a passion for making jewellery and we now make do with what we can really do in Nigeria and we have been able to come out with beautiful jewellery pieces that people really love at this exhibition,” Adejare said.

She explained that “what we do is unique to an individual. We do not repeat the design. So, if you buy any Makems jewellery piece, it is the only one that exists in terms of design. Overtime, people have come to know this and they love it also and they like coming for the exhibition.”

According to her, Makems works year-round to gather the best of locally-manufactured jewellery products as well as some imported designs and bring people together at the exhibition to come and see the various designs that Makems has brought on display for the season for them to purchase their favourite designs.

“As you can see, we sell imported jewellery pieces as well but as you may have observed, most people would be at the Stand for Nigerian-handmade jewellery products because they are more unique, more durable and are very nice. This means, our locally-produced collection of jewellery appeals more to our clients.

“Why most people run from Nigerian-made products is literally because of the quality. Most of the time, people that do local contents tend to compromise quality standards but what we have done at Makems is to ensure that what we have is of high quality even better than many of the imported jewellery, as the designs are nice and unique and meet the expectation of Nigeria across social divides.

Speaking on affordability, the Business Development Director said because the products are domiciled in Naira, “you find out that it is easier for people to buy.” She optimistically noted that Makems was targeting “exporting our locally-manufactured jewellery products in the long run, thereby helping Nigeria’s Naira-to-dollar exchange to appreciate through local production of the fashion products and exports.”

According to her, “with what we have done at Makems, we have a lot of staff that we have employed and this also means we are creating employment opportunity for Nigerians across the value chain. We are also available online across social media platforms for online purchase of our products.”

 

Adejare added that Makems’ plan is to become a household name as an indigenous jewellery-sourcing and production firm, thereby enhancing the government’s policy direction to deepen local content, improve value addition through offerings of durable, comfortable and affordable jewellery products in Nigeria in the next few years.

 

NIVEA Educates Nigerian Students on Personal Hygiene with SABI Campaign

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Leading personal care brand, NIVEA has rounded off the SABI Personal Hygiene Drive, an initiative designed to educate high school students on the importance of personal hygiene, and specifically focused on underarm care and the use of deodorants.

This impactful campaign which ran between September 13 and November 28, with the target of reaching at least 190,000 students, was aimed at empowering teenagers aged 13-18 with the knowledge and tools to maintain proper hygiene while promoting NIVEA’s Dry Impact and Dry Comfort Roll-on products as an effective solution for daily care.

With over 500 schools across Lagos, Port Harcourt, and Abuja participating in the programme, the NIVEA SABI Personal Hygiene Drive campaign was focused on hygiene education, with child educators and the trained team visiting schools to deliver engaging lessons using the SABI Workbook, a tool designed to teach students the science behind body odour, effective hygiene practices, and the role of deodorants in everyday personal care.

Speaking on the campaign, Marketing Activation Manager, Oluwadamilola Adeyemi, said that the transition into adolescence can be a challenging period, especially when it comes to understanding the importance of personal hygiene. “Puberty brings about changes in the body that can cause discomfort and confusion. This is why NIVEA is committed to providing accurate, age-appropriate information that resonates with young people, many of whom are navigating these changes for the first time,” she said.

She disclosed that the SABI initiative emphasizes the need for proper underarm hygiene, a critical, yet often overlooked aspect of personal care. Through engaging discussions, Q and A sessions, and fun games, students were encouraged to incorporate deodorants into their daily routines as a simple and effective solution to eliminating body odour.

Aware of the financial limitations of teenagers, especially in the face of the current economic challenges in the country, the brand introduced NIVEA Dry Impact Roll-on, and NIVEA Dry Comfort Roll-on in a new format (25 ml) Nicknamed the SABI roll-on, an affordable option, and the perfect product for this demographic. “By tapping into the lives of adolescents at this crucial stage of their hygiene journey, NIVEA aims to build long-lasting relationships with young consumers. The SABI Personal Hygiene Drive not only positions NIVEA as a trusted brand for personal care but also strengthens its credibility as a company that understands and addresses the unique hygiene needs of young people,” she said.

Additionally, the drive featured visibility items such as stickers, mirrors, and notice boards to keep the conversation going in school environments. As part of the activation, NIVEA presented the neatest students with the “SABI Star Award” and rewarded the most engaging students in each school. These rewards, he/she said, are aimed at encouraging students to consistently maintain high hygiene standards while also reinforcing the connection between cleanliness and self-esteem.

Commenting on the initiative, the Brand Manager Central East & West African Region CEWA, Nnenna Onoh, “By involving students, teachers, and school administrators in the campaign, the SABI Personal Hygiene Drive will create a ripple effect, fostering a culture of good hygiene practices that extends beyond the classroom,” she said.

“The NIVEA SABI Personal Hygiene Drive is more than just a campaign. It is an investment in the health, confidence, and well-being of tomorrow’s leaders. By providing teenagers with the education, tools, and affordable solutions they need, NIVEA is setting the stage for a future where personal hygiene is embraced as a fundamental part of everyday life,” she said.

 

CIIN Inducts 18 Fellows, 166 Associates to Lead Sector’s Growth

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Cross Section of Inductees taking oath of allegiance at the Year 2024 CIIN Induction Ceremony at the College of Insurance and Financial Management, Aseese, Ogun State.

ADDRESS BY MRS. YETUNDE ILORI, FIIN PRESIDENT/CHAIRMAN OF COUNCIL, CHARTERED INSURANCE INSTITUTE OF NIGERIA AT THE YEAR 2024 INDUCTION CEREMONY HELD AT COLLEGE OF INSURANCE AND FINANCIAL MANAGEMENT (CIFM) ASEESE VILLAGE, OGUN STATE ON DECEMBER 11, 2024.

It is with great privilege and honor that I welcome you all to the Year 2024 Induction Ceremony of Associates, Post-Qualifiers and Fellows into the foremost Insurance Institute in Nigeria. The 19th induction Ceremony of the 61st edition of the Institute’s examination.

I would like to extend my heartfelt congratulations to the INDUCTEES. Becoming an Associate, a Post Qualifier or a Fellow of this esteemed Institute is no small feat. It represents years of hardwork, dedication and unwavering commitment to the principles of excellence, ethics and professionalism that are the cornerstone of our Industry.

Today, as we induct 166 Associates and 18 Fellows into the ranks of the Chartered Insurance Institute of Nigeria, we are not just honoring your academic and professional accomplishments; we are also recognising your potential to lead, innovate and contribute to the continued growth and development of the Nigerian Insurance sector.

Your journey to this point has been marked by intense training, rigorous examinations and the application of knowledge in real-world situations and this induction ceremony is not the end of the road—it is the beginning of another era. An epoch where you are entrusted with upholding the integrity of our industry, advancing its values and contributing to its future success.

The Insurance industry, a customer-centric space plays a pivotal role in ensuring the economic stability of any nation. It provides the safety net that individuals and businesses rely on, offering protection against unforeseen risks and empowering people to build their futures with confidence. This can only happen when we, as professionals, adhere to the highest standards of conduct and continuously strive for excellence.

While today is a day of celebration, it is also a reminder of the responsibility that comes with being a member of this prestigious Institute. As you join the ranks of Associates. Post-Qualifiers in the Loss Adjusting Route and Fellows, you are expected to be ambassadors for the industry—advocates for its growth, its relevance and its ability to meet the needs of society.

At an Institute, we are committed to fostering a professional environment that upholds the highest standards of education, professionalism and ethical conduct. Our collective vision is to create an insurance sector that is not only resilient but also responsive to the ever-evolving needs of the Nigerian people.

This vision is at the heart of our EPIC Agenda—Education, Professionalism, Institutional Recognition, and Capacity Building. These four pillars guide our initiatives and inform the work we do to elevate the standards of the industry.

As you embark on your professional journeys, I urge you to reflect on the values that have brought you this far and continue to uphold them as you take on leadership roles. Let these values be the foundation upon which you build your careers and the Insurance sector as a whole. It is pertinent to appreciate the presence of our Guest Lecturer, Mr. Modupe Odunayo Bammeke, we are grateful for the honour.

I want to extend my sincere gratitude to the family members, friends, mentors and colleagues who have supported our Inductees on their individual journeys. Your unwavering support has played a pivotal role in their successes, and today’s achievement is as much yours as it is theirs.

I would also like to thank our esteemed facilitators, examiners and all those who have contributed to ensuring that Chartered Insurance Institute of Nigeria remains a beacon of excellence and a model for professional development.

Once again, congratulations to all our new Associates, Post-Qualifiers in the Loss Adjusting Route and Fellows. You are now part of an esteemed group of professionals who shape the future of our industry. We look forward to seeing the great contributions you will make to the Insurance sector and to the Nigerian economy as a whole.

I have no doubt that, together, we will build an enviable future for the Nigerian Insurance industry.

Thank you, and may your journey ahead be filled with success, fulfillment, and continued growth.

 

Mrs. Yetunde O. Ilori, FIIN

President/Chairman of Council

Polaris Bank Wins Sectoral Award at 2024 NECA Employers’ Excellence Awards

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Polaris Bank has achieved yet another milestone by emerging as the Sectoral Winner in the Banking and Other Financial Institutions Sector category at the 2024 NECA Annual Employers’ Excellence Awards.

The Bank received the sectoral recognition for its innovative HR practice at the NECA’s Excellence Awards, (the 4th edition) which held recently at the Balmoral Convention Centre, Ikeja.

The recognition is particularly significant as it marks the first award the Bank has received for its efforts in Human Resources Management, reaffirming Polaris Bank’s commitment to creating a people-oriented workplace culture.

The NECA Annual Employers’ Excellence Awards celebrate organizations that excel in key areas such as leadership and people management practices, sound human resource systems, effective corporate governance, responsible business conduct, technological innovation, Environmental, Social, and Governance (ESG) practices, and the elimination of child labour.

Speaking on the award, Polaris Bank’s Managing Director/CEO, Kayode Lawal, stated:

“Winning this prestigious award accentuates our deliberate approach to promoting an environment where employees can thrive, innovate, and contribute meaningfully to the Bank’s success. It also highlights Polaris Bank’s leadership commitment to evolving into an employer of choice and a great place to work. Congratulations to the entire Polaris Bank family for this outstanding achievement on a sectoral scale! This win is a testament to the hard work, dedication, and innovative spirit of every member of our team. It could not have been any BIGGER! ”

Polaris Bank was adjudged Nigeria’s Digital Bank of the Year in 2024, 2023, 2022 and 2021 in Business Day’s Banks and Other Financial Institutions (BAFI) Awards.

Financial Services Innovators Marks 5th Anniversary of Driving Innovation in Tech Ecosystem

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Today, we proudly celebrate five incredible years of driving innovation and empowering the Nigerian tech ecosystem.

This milestone is a testament to the passion, resilience, and dedication of our staff, innovators, zonal leads, state leads, campus ambassador leads, partners, sponsors, and donors who have been instrumental in shaping this journey.
Together, we’ve nurtured groundbreaking ideas, inspired change, and paved the way for a brighter, tech-driven future.

Commenting on the journey so far, the ED, Aituaz Kola-Oladejo noted that it had been 5 years of working and partnering with a community of brilliant Nigerians, which include Tertiary Institutions’ students, Financial Services Providers who contributed APIs to the Innovation Sandbox, international organisations and Tech innovators to make Nigeria the ultimate tech hub. Also speaking, Uade Ahimie, an independent Risk Advisor commended the efforts and works of FSI to drive the next generation of business leaders towards managing the expectations of tech businesses.

 

 

 

Heirs Insurance Group Launches “Unwrapping Smiles” Campaign to Bring Hope this Festive Season

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Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has announced the launch of its “Unwrapping Smiles” campaign, a festive initiative designed to bring hope to individuals, families, and communities this holiday season.

Running from December 10 to December 31, 2024, the campaign will feature community-focused outreaches, including Christmas gifts and exciting rewards to put smiles on the faces of Nigerians.

The campaign will see Heirs Insurance Group reward individuals and organisiations in the communities they operate in, and launch a holiday-watch web film, “The Underwriters”, for all Nigerians to enjoy.

This festive season, the Group will also introduce a low-cost motor insurance, Flexi Comprehensive Motor Insurance Plan, an affordable motor insurance, which provides the benefit of a comprehensive motor insurance plan for a fraction of the cost, addressing the financial realities many Nigerians face today.

Speaking on the campaign, the Chief Marketing Officer of Heirs Insurance Group, Ifesinachi Okpagu, said, “At Heirs Insurance Group, we are committed to providing much more than insurance. In a season when many Nigerians seek hope and reasons to smile, we are proud to offer initiatives that inspire and uplift.”

Details of each initiative under the “Unwrapping Smiles” campaign will be unveiled weekly on the Heirs Insurance Group website and social media platforms.

Heirs Insurance Group is the insurance subsidiary of Heirs Holdings, the leading pan-African investment company, with investments across 24 countries and four continents. With a rapidly expanding retail footprint and an omnichannel digital presence, Heirs Insurance Group serves both corporate and individual customers across Nigeria.

Stanbic IBTC Bank Nigeria PMI: Inflationary Pressures Remain Elevated in November

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Rates of inflation in the Nigerian private sector remained elevated in November, further hampering business operations.

There were some signs of improvement midway through the final quarter, however, as new orders returned to growth and the decline in output softened. That said, employment was down and companies continued to lower their purchasing amid steep price pressures.

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

The headline PMI posted below the 50.0 no-change mark for the fifth consecutive month in November to signal a further deterioration in business conditions in the private sector. That said, at 49.6 the latest reading was up from 46.9 in October and pointed to only a marginal decline.

The less pronounced deterioration in business conditions in part reflected a renewed expansion in new orders, which rose slightly following a solid fall in October. Although there were some tentative signs of demand improving, companies reported that customers were often deterred by high prices.

The inflationary environment and muted demand conditions meant that business activity continued to fall, the fifth month running in which that has been the case.

Muyiwa Oni, Head of Equity Research West Africa at Stanbic IBTC Bank commented: “The Nigerian private sector activities deteriorated further in November, albeit at a less pronounced rate relative to October. This less pronounced deterioration was primarily due to the return to growth of new orders in November, after having decreased solidly in October. Notably, new orders have now risen in three of the past four months, although the latest expansion was only modest. Some panelists saw signs of demand picking up, but others reported that high costs again acted to deter customers. Elsewhere, higher energy prices, increases in the cost of raw materials, and lingering currency weakness continue to lead to intensification of price pressures in November.

Thus, input prices increased at a substantial rate again during November, with the pace of inflation only slightly lower than that seen in October and remaining one of the sharpest on record. In Q3:24, the Nigerian economy grew by 3.46% y/y relative to 3.19% y/y growth in Q2:24. Notably, the non-oil sector grew by 3.37% y/y in Q3:24 from 2.80% y/y in Q2:24, albeit with uneven performance across the sub-sectors that make up the non-oil sector. ICT, finance & insurance, trade, road transport, and agriculture were the key growth drivers of the non-oil sector in the review period. Nonetheless, there appears to be a disconnect between the composite PMI and non-oil GDP growth in recent quarters, with this disconnect more pronounced in Q3:24 when the PMI for the quarter weakened to 49.6 points – a sign of deterioration in business conditions – while non-oil GDP growth was strong in the review period.

Historically, the non-oil GDP growth is mildly negative whenever the composite PMI is below 50-points no-change mark. We expect the economy to maintain the Q3:24 growth momentum in Q4:24, supported by festive-induced increase in economic activity and sustained improvement in crude oil production. Indeed, based on the November PMI survey results, companies reported some tentative signs of demand improving although some customers were deterred by high prices. On balance, we estimate the economy to grow by 3.24% y/y in real terms in Q4:24 and adjust our 2024 growth estimate upward to 3.2% (previously: 3.1%).”

The latest reduction was only marginal, however. Sector data pointed to increases in output in agriculture and manufacturing but decreases in wholesale & retail and services. Purchase costs rose rapidly again in November amid currency weakness and higher prices for fuel and raw materials.

Although slowing slightly for the second month running, the pace of inflation remained elevated. Staff costs were also up as companies helped their workers with higher living and transportation costs.

In response to increasing input costs, output prices also continued to rise at a substantial pace midway through the final quarter of the year.

The muted demand environment and high prices for inputs led companies to reduce both their purchasing activity and stocks of inputs in November. Employment was also down, thereby ending a six-month sequence of job creation.

The pace of reduction was only marginal, however, as the overall fall in staffing levels was limited to just services firms. Companies continued to lower their backlogs of work, while there was also a lack of pressure on capacity at suppliers. Quiet road conditions, prompt payments and competition among vendors also helped result in a further shortening of suppliers’ delivery times.

Business confidence continued to wane in November and hit a fresh record low. Some firms remained optimistic in the outlook for output, however, amid business expansion and investment plans.

 

Stanbic IBTC Pension Managers’ FUZE 3.0 Festival: Set to Light up Lagos on Dec 21

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In a spectacular celebration of Nigerian creativity and innovation, Stanbic IBTC Pension Managers’ FUZE Talent Show 3.0, Nigeria’s biggest talent extravaganza, is preparing for its most anticipated festival. Scheduled for Saturday, December 21, 2024 at the Livespot Entertarium in Lekki, the event promises to be a game-changing platform for unveiling Nigeria’s next generation of young talents.

The FUZE Talent Show 3.0 features a prize pool of N50 million and an esteemed panel of judges, including industry icons like Funke Adepoju, Akinwande Akinsulire, Don Flexx, and Korede Bello. With the theme ‘Light it Up’, this event is more than just a competition; it is a movement that celebrates Nigerian creativity in music, dance, fashion, and technological innovation.

Olumide Oyetan, Chief Executive of Stanbic IBTC Pension Managers, emphasised the event’s significance:

“We are not merely hosting a talent show; we are creating a platform that amplifies the extraordinary potential of Nigerian youths in music, dance, fashion, and technology.”

“The FUZE Festival is designed to showcase this potential, providing a vibrant space where young talent can shine, connect, and collaborate; ultimately fostering innovation and creativity within our communities. By celebrating diverse artistic expressions, the festival aims to inspire the next generation of leaders and change-makers in Nigeria,” Olumide stated.

Globally acclaimed Nigerian musical powerhouses that embody the excellence and vibrant energy of the Nigerian entertainment industry, Wande Coal, BNXN and Qing Madi, will be on stage to thrill guests and participants and electrify the atmosphere with their chart-topping hits.

This celebration is expected to birth new Nigerian talents with the potential to make a global impact after their grooming stages.

The event will include a unique holiday shopping festival. Premium Nigerian and international brands in fashion, beauty, personal care, tech, food, and beverage will display their quality goods and products for all holidaymakers and fun-seekers looking for amazing seasonal discounts on special gift items.

The exhibition area will be more than a shopping destination; it will be an immersive experience that complements the talent show’s vibrant atmosphere.

Media is Key Partner in Growth of Capital Market in Nigeria

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Welcome Address by the Chairman of 2024 CAMCAN Workshop, Alhaji (Dr) Umaru Kwairanga, Group Chairman of NGX in Lagos on Saturday, December 7, 2024.

I welcome you all to the 2024 Workshop of the Capital Markets Correspondents Association of Nigeria (CAMCAN).

The media, through CAMCAN, plays a critical role in the capital market by facilitating the dissemination of timely and accurate information that investors can use to make informed decisions. The daily publication of the All Share Index and publicity given to all capital market activities by CAMCAN keeps the Capital Market in the public eye and ensures the markets sustainability. With programmes like today’s, CAMCAN is also encouraging robust discussion on contemporary financial issues and helping to improve the work of regulators and operators in the Capital Market.

Today’s Workshop has the theme, Recapitalisation: Bridging the Gap between investors and issuers and this is very topical given that we are only halfway through the banking recapitalisation mandated by the Central Bank of Nigeria. I believe the lecture to be delivered by our guest speaker, Mr Johnson Chukwu, the Managing Director and Chief Executive Officer of Cowry Asset Management Limited and the discussions by our esteemed panel will help to throw more insights into what we have done so far in the recapitalisation exercise, shortcomings if any, and what we can do better in the coming year and beyond.

Let me say that at the NGX Group, our primary role is to serve as a bridge between investors and issuers and we have been doing that in the banking recapitalisation exercise in various ways. The Nigerian Exchange has organised Facts Behind the offer ceremonies for most of the banks that have floated rights and public issues. At those ceremonies, the issuers are required to outline their plans for the capital they intend to raise and answer very relevant questions from CAMCAN and investors.

We at NGX also set up X Rails which is a technology platform to enable investors subscribe to ongoing offers directly from the comfort of their homes and offices without needing to fill paper forms or battle through traffic in order to go to the offices of financial intermediaries. After the offers are concluded, the Nigerian Exchange will ensure that the banks meet their disclosure requirements promptly and fully so that investors are kept abreast of how their monies are being used.

So- the NGX Group is one of those at the forefront of actualising the theme of today and we will continue to carry out that role for the benefit of the investors, the market and the Nigerian economy.

Having touched briefly on NGX Group’s role in the recapitalisation, let me invite the speakers and discussants for the day to give a broader view of the topic. I believe it will be a lively and enlightening conversation.

I thank the organizers for the work they have put in to make the workshop a reality and thank you all for making out time to attend.

Do enjoy the event.

Alh (Dr) Umaru Kwairanga

Chairman

NGX Group Plc