19 June 2025 Archives

All Posts in "Day: June 19, 2025"

Coronation Life Assurance Limited To Host Webinar On Protecting Loved Ones Through Life Insurance

By Amaka Obiefuna

In many homes today, being financially responsible for others is the norm, not the exception. From paying hospital bills to sending younger ones to school many people are carrying more than just our own weight, and we do it graciously.

But what happens when life throws an unexpected curveball?

On Thursday, June 26th, 2025, Coronation Life Assurance Ltd. invites you to a pertinentwebinar titled: “The Burden We Share: Protecting Loved Ones with Life Insurance”

Time: 10:00 AM – 12:00 Noon
Platform: Zoom (Free Registration)

This conversation is for anyone who has ever been the ‘go-to’ person in their family, the solution provider when there’s an emergency or a need. It’s for breadwinners, caregivers, young professionals, and even retirees who want to look out for those they love.

Why You Should Join:

• This webinar will speak on real challenges: the black tax, medical emergencies, unexpected loss, and financial pressure.

• Our expert panel will break down how life insurance can help lighten the load, protect the people you love, and give you peace of mind.

• You’ll learn how to make smarter choices today that secure your tomorrow – with products designed for different life stages.

This is not just a financial conversation. It’s a cultural one.

So, whether you’re a young professional, a parent, a business owner, or somewhere in-between, this webinar is for you.

What to Expect

• Real-life accounts of families protected—and those blindsided—by financial shocks.

• Industry professionals break down the myths, facts, and real value of life insurance.

• A discussion rooted in our shared experiences – like “black tax” and multigenerational support.

• Clear, affordable steps to get started with Coronation Life Assurance’s range of products.

You don’t have to carry it all alone.
Join us and find out how Coronation Life Assurance can help ease the burden.

by Online Poster — June 19, 2025 in Insurance and Pension 0

NAICOM, OHCSF Host Capacity Building Workshop On Group Life Assurance Policy

From left: Mr. Salami Rasaaq (Director, HR and Admin NAICOM), Mr. Ekerete Ola Gam-Ikon (Dep. Commissioner for Insurance, Finance and Admin), Mrs. Oyekunle Patience (Permanent Secretary OHCSF) and Mr. Abubakar Maijama’a (Director, Insurance OHCSF).

The National Insurance Commission (NAICOM) and the Office of the Head of the Civil Service of the Federation (OHCSF) successfully organized a capacity-building workshop on Group Life Assurance Policy in Abuja. The event brought together stakeholders from government ministries, departments, and agencies to enhance understanding and implementation of the policy.

In her opening remarks, Mrs. Didi Esther Walson-Jack, Head of the Civil Service of the Federation, represented by Mrs. Oyekunle Patience, emphasized the importance of insurance in safeguarding public servants’ welfare and ensuring financial security for their families. She commended President Bola Tinubu for renewing the annuity policy and applauded NAICOM for initiating the training.

The Commissioner for Insurance, Mr. Olusegun Ayo Omosehin, represented by Mr. Ekerete Ola Gam-Ikon, Deputy Commissioner for Finance and Administration, expressed appreciation for the collaboration and assured participants of NAICOM’s commitment to transparency and accountability in policy implementation.

The workshop aimed to equip civil servants with knowledge and tools to effectively manage and benefit from the Group Life Assurance Policy, a critical component of the Federal Government’s welfare package. The event marked a significant step in strengthening life insurance policy implementation across the federal civil service, reinforcing the government’s dedication to employee well-being.

by Online Poster — June 19, 2025 in News 0

Staff Welfare, Training And Business Development Is The Heart Of My Administration – FAAN MD

By Fidelia Okafor

The Managing Director and Chief Executive of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku, has called on aviation stakeholders to prioritise investment in project development to enhance bankability and attract investors. She emphasised the importance of conducting market studies, feasibility assessments, and developing strong business cases to ensure sustainable growth in the sector.

Mrs. Kuku made this appeal on Monday, 16 June 2025, during her opening address at the ongoing Biennial FAAN Joint Trade Unions Conference 2025, held at the Abdurahaman Danbazau Conference Centre (COCOS Hotel), Correctional Services, Bill Clinton Drive, Airport Road, Abuja.

Mrs Kuku emphasised the crucial role of cargo operations in the sector’s future, noting that investment requires clear returns supported by comprehensive data. She pointed out that while FAAN has established the Directorate of Cargo Development and Services, additional support and data-driven studies are necessary to secure investor confidence.

Speaking on staff welfare, Mrs Kuku reaffirmed FAAN’s commitment to improving working conditions, stating that the newly negotiated conditions of service—developed with union participation—are set for submission to the Ministry of Aviation and Aerospace Development. She also highlighted ongoing efforts to reassess staff training and international travel budgets for more inclusive coverage.

Addressing concerns about medical facilities, Mrs Kuku acknowledged the need to improve on what is currently available. She revealed that FAAN is reviewing partnership opportunities to enhance healthcare access for employees. Additionally, she mentioned plans to procure operational vehicles for airports and renovate staff quarters to improve living conditions.

In discussing airport management, she stressed the importance of Key Performance Indicators (KPIs) to ensure efficiency and accountability among airport managers and department heads.

Mrs Kuku expressed gratitude to the aviation unions—NUATE, ATSSSAN, and ANAP—for their cooperation and urged delegates to use the conference to strategise effectively for the sector’s advancement.

“This conference serves as a pivotal platform to address our concerns. By championing just culture, which emphasises fairness and accountability in safety practices, and just transition, which supports equitable shifts toward sustainable aviation, stakeholders can collectively drive meaningful change,” she stated.

Reaffirming FAAN’s commitment to dialogue and staff welfare, Mrs Kuku assured the unions that management remains open to constructive engagement, honest dialogue, and practical solutions to workplace challenges.

“I urge you, dear union delegates, to utilise this conference to strategise with foresight, engage with purpose, and emerge with resolutions that reflect both the aspirations of your members and the realities of our shared environment. Let us work together to protect jobs, enhance conditions of service, and strengthen the sector, not through conflict, but through cooperation,” she concluded.

by Online Poster — June 19, 2025 in Aviation 0

Moniepoint Demonstrates Commitment to Nurturing Africa’s Future Leaders

Moniepoint Inc, one of Africa’s leading financial institutions partnered with the Mega Impact Foundation to support the 5th edition of the NextGen Connect Interschool Oratory Competition in Asaba, Delta state. This collaboration showcases Moniepoint’s unwavering commitment to youth empowerment and human capital development across the African continent.

The competition, which was held commemoratively to celebrate this year’s International Day of the Boy Child, brought together SS2 students from across Delta State to address the critical theme: “The Role of Financial Inclusion and Technology in Shaping a Brighter Future for Young People in Africa.” Moniepont has received critical acclaim over its core mission of advancing financial inclusion through innovative digital financial technology solutions and payment services..

The oratory competition showcased exceptional talent among Nigeria’s youth, with Otovo Praise of Crystalloid International School emerging as the champion. His outstanding performance earned him a full-year scholarship through the Tosin Eniolorunda STEM Foundation, reflecting Moniepoint’s philosophy of investing in educational excellence. Second-place winner Audi Innocent of St Patrick’s College received ₦300,000, while third-place winner, Asher David of Glorious Kids Academy was awarded ₦200,000.

“At Moniepoint, we believe that driving sustainable innovation begins with future-proofing and expanding the talent pool by empowering the next generation with the tools that they need to succeed especially basic literacy skills which remain fundamental pillars in socio-economic development,” said Tosin Eniolorunda, CEO Moniepoint Inc. “These young voices represent the future of African leadership, and their insights into financial inclusion and technology demonstrate the remarkable potential that exists within our communities. Through our various educational and developmental initiatives such as the CAD/CAM lab we donated to OAU last year or the Moniepoint DreamDevs programme, we are betting big on an investment in Africa’s future.”

The initiative extends beyond monetary rewards, creating meaningful platforms for young people to express their ideas on a global stage. Through its support of the NextGen Connect Conference and Tech-In-School conversations, Moniepoint is fostering an environment where youth can develop critical thinking skills, build confidence, and engage with pressing societal issues.

In her remarks, Founder, Mega Impact Foundation, Florence Ogonegbu said that “we reaffirm our commitment to building an Africa where every young person has simplified access to sustainable education, capacity building, and empowerment. By leveraging technology and local initiatives, we are creating platforms that enable our youth to thrive and transform their communities. Together with partners like Moniepoint, we are not just shaping futures—we are driving a movement for social development that will resonate globally. Every boy, every young person, deserves the opportunity to unlock their full potential and drive lasting impact across our continent.”

The competition received additional support from the Ministry of Women Affairs and Social Development, Delta State, highlighting the collaborative approach required to nurture young talent effectively.

by Online Poster — June 19, 2025 in Capital Market 0

NAMA Conducts Aircraft Emergency Table Top Exercise In Lagos

By Fidelia Okafor

The Nigerian Airspace Management Agency (NAMA) on Tuesday conducted an Aircraft Emergency Table Top Exercise to enlighten aviation stakeholders on how to manage aircraft emergencies and disasters.

The Exercise which took place at the Murtala Muhammed International Airport (MMIA) Conferences center brought key stakeholders in emergency management and Search and Rescue Units drawn from all the aviation agencies.

Nigeria Customs Service (NCS), Nigeria Immigration Service (NIS), Department of State Security (DSS), Federal Road Safety Corps (FRSC), Federal Fire Service (FFS), National Emergency Management Agency (NEMA), Lagos State Emergency Management (LASEMA), Airline Operators of Nigeria (AON), Lagos State Ambulance Services (LASANBUS), Nigerian Police Force (NPF), etc.

L-R : Representative of the Nigeria Civil Aviation Authority Authority (NCAA), Alhaji Safo Baba Jiya, Head of Search and Rescue Unit, National Emergency Management Agency (NEMA), Lagos Operations Office), Mrs. Ibitayo Adenike, Regional General Manager, South West, FAAN, Mr Olatokunbo Arewa, Search Mission Coordinator, MMIA, Igberaese David and an official of the Lagos State Emergency Management Agency (LASEMA), Engr Jamin Olayinka Salami during the Aircraft Emergency Table Top Excercise conducted by NAMA on Tuesday at the MMIA, Lagos.

Declaring the exercise open, the Director of Air Traffic Services (ATS) at the Nigerian Airspace Management Agency (NAMA) John Tayo urged all stakeholders who attended to take the exercise seriously.Tayo equally urged the media to take the exercise serious and report it widely, pointing out that other agencies had done similar exercise but was not adequately captured in the media space.

Emphasizing that Search and Rescue (SAR) is everybody’s business, he said, “This morning, we are going to combine two things. To get fruitful result, we want to separate stakeholders meeting and the aircraft emergency Exercise”.

The Director, who was represented by the General Manager, SAR, NAMA, Mr. Sunday Iwalaiye streamlined the Emergency Table Top Exercise into two sessions: “Search and Rescue Units and Responsibilities” and “Arrangement Into Groups of Search And Rescue Units According To Their Responsibilities” said

“We cannot start the exercise without knowing clearly the responsibilities of each agency. Any Search and Rescue involving an aircraft is aeronautical emergency”.

“This is a thing we should all support. Although, no one want emergencies to happen but it does happen. I want all stakeholders to take notes to what so as to know what to do when emergencies occur”, Arewa added.

Alhaji Safo Baba Jiya, a representative of the Nigeria Civil Aviation Authority (NCAA) also commended the coordinators.

Jiwa, who dwelt elaborately on the importance of safety said, “Safety is paramount for us at NCAA. We are here to learn. Let us be mindful on what we are doing here today”.

In his remark, Quality Assurance Manager (QAM) , MMIA, Onohwoakpo Chris said that, although, many stakeholders don’t want emergency situations but that, “”We gathered here to learn on what we don’t ever want to happen in aviation”.

Head of Search and Rescue Unit, National Emergency Management Agency (NEMA, Lagos Operations Office), Mrs. Ibitayo Adenike equally commended the exercise.

Ibitayo said, “Last disaster in global aviation wasn’t expected. We have representatives of practically all airlines. I appreciate the efforts put in this exercise. Let us put our minds together to synergise and identify areas of shortcomings and make progress so that whenever we there is an emergency, we will do the right thing”.

To Engr Jamin Olayinka Salami of the Lagos State Emergency Management Agency (LASEMA), he was very pleased with the exercise as it is something that stakeholders need to be doing often.

Salami, however, insisted that, what most importantly is how do we prevent disasters. It will help us to prepare more for eventually.

Explaining the essence of the exercise, Search Mission Coordinator, MMIA, Igberaese David who coordinated the exercise said that NAMA have been they conducting joint operation with National Emergency Management Agency (NEMA) NIMASA, they decided to come together for a better performance when incidence occurs.

Igberaese said, “The goal is rescuing the greatest number of people in the shortest possible time.

According to the International Civil Aviation Organisation (ICAO), 24 hour watch must be provided in the Search and Rescue operations”.

“Search and Rescue is everybody is everybody business because when it occurs in remote areas, the farmers eventually become the first responders.”, Igberaese added.

High point of the event was the activation of Search and Rescue scenario which was terminated after some minutes of demonstrations before debriefing of the exercise.

by Online Poster — June 19, 2025 in Aviation 0

Fidelity Bank Distributes Food Packs To 1,500 Mokwa Residents Affected By Flood

L-R: Branch Leader, Minna, Fidelity Bank Plc, Mustapha Abubakar; Her Excellency, First Lady of Niger State, Hajiya Fatima Umaru Bago; and the CEO, ABBASID (a Fidelity Food Bank partner), Hajiya Hauwa Abbas; at the Fidelity Food Bank Distribution in Mokwa, Niger State recently.

In a swift response to the recent flood that tragically displaced many families in Mokwa, Niger State, Fidelity Bank Plc has donated food packs to over 1,500 affected residents through its Food Bank Initiative.

The Fidelity Food Bank Initiative is a humanitarian outreach designed to help vulnerable communities across Nigeria. Through partnerships and collaboration with its branches and stakeholders, the bank delivers food packs to those in need, helping to ease hunger and provide hope during difficult times.

Commenting on the donation, the Divisional Head, Brand and Communications at Fidelity Bank, Dr. Meksley Nwagboh, said: “At Fidelity Bank, we believe corporate citizenship means standing by communities in their greatest time of need. We are honored to support the people of Mokwa through the Fidelity Food Bank Initiative. This is more than just a relief effort — it’s a affirmation of our promise to always be there for the people and communities we serve, especially in challenging moments.”

He added: “This donation reflects our collective responsibility to respond with compassion and urgency. The people of Mokwa are not alone — we share in their struggles, and we will continue to support them as they rebuild their lives.”

The distribution event was well attended by government officials from Niger State, led by the First Lady, Hajiya Fatima Umaru Bago. Also present were the Secretary to the State Government, Alhaji Abubakar Usman Gawu; Chief of Staff to the Governor, Alhaji Usman Abdullahi Gbatamangi; and the Deputy Chief of Staff, Alhaji Yusuf Sadiq. Other members of the delegation included the Commissioner for Budget & Planning, Alhaji Mustapha Ndajiwo; Commissioner for Education, Hajiya Hannatu Jibril; and the Commissioner for Humanitarian Affairs, represented by the Permanent Secretary, Hajiya Barrister Mairo Mamman Mann.

The Commissioner of Information, Hajiya Binta Mamman, and Alhaji Ayuba Usman Katako, representing the Association of Local Governments of Nigeria (ALGON) in Niger State, alongside various Local Government Chairmen, were also present to show their solidarity with Mokwa and its people.

The Fidelity Food Bank donation in Mokwa follows similar initiatives in areas affected by disasters. The bank previously donated food and sanitary items to victims of a fire outbreak in Taraba State and provided cash and food to those affected by the Zaria Central Mosque collapse in 2023.

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

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

by Online Poster — June 19, 2025 in News 0

RE: FIDELITY BANK PLC – STATEMENT ON CBN CIRCULAR ON FORBEARANCE LOANS

Fidelity Bank Plc (“the Bank”) refers to the recent circular issued by the Central Bank of Nigeria “CBN” (Reference No. BSD/DIR/CON/LAB/018/008) concerning regulatory forbearance on Single
Obligor Limit (SOL) and other credit facilities and wishes to provide the clarifications below to its esteemed shareholders, NGX Regulation Limited (NGX RegCo), and other stakeholders:

(a) As a responsible financial organization, Fidelity Bank Plc remains committed to ensuring compliance with regulatory policies and directives, including the CBN circular on forbearance which is aimed at strengthening capital buffers and enhancing financial prudence within the banking industry.

(b) In terms of Capital, the Bank successfully raised ₦273 billion through a recent Public Offer and Rights Issue which were oversubscribed by 237.92% and 137.73% respectively and intends to raise the additional sum of ₦200 billion through a Private Placement in 2025FY, to achieve the
new minimum regulatory capital requirement of ₦500 billion for banks with international
authorisation. The CBN and Shareholders’ approval have been obtained for the Private
Placement, while other regulatory approvals are being processed to ensure completion in 2025.

(c) The Bank’s exposure under the SOL forbearance relates to two obligors. We are confident that this exposure will be brought within the applicable regulatory limit in H1 2025.

(d) With respect to the forbearance granted on other credit facilities, the Bank confirms that this applies to four customers. We have proactively made substantial provisions on these facilities and have taken targeted and comprehensive steps to ensure full provisioning or return of the accounts to performing status by June 30, 2025.
Thus, the Bank expects to exit all CBN forbearance arrangements (SOL/Credit) and remains in a strong position to meet the prevailing requirements to enable it to pay dividends for the current financial year and subsequently.

by Online Poster — June 19, 2025 in Industry 0