All Posts in "Month: June 2025"
IHS Nigeria , UNICEF Partner To Deliver Emergency Support To Flood-Affected Communities In Niger State

Gov Mbah Inaugurates National Sports Festival LOC

Fidelity Bank Supports Quality Education Delivery In Bauchi

United Capital Unveils Two New Mutual Funds To Empower Investors In Francophone West Africa

United Capital Plc has officially commenced operations of its latest subsidiary, United
Capital Asset Management West Africa Limited (UCAMWAL) with the launch of two
CFA franc-denominated mutual funds: the UCAMWAL Bond Fund and the UCAMWAL
Diversified Fund, in Abidjan, Côte d’Ivoire.
A statement explained that this milestone marks a significant step in the
Group’s strategic pan-African expansion and signals a kickstart of the operations of
the newly launched subsidiary.
The new mutual funds, denominated in CFA francs, represent a significant milestone in UCAMWAL’s mission to deliver sophisticated yet accessible wealth management solutions to investors throughout Francophone West Africa.
These products have been
carefully designed to meet the diverse needs of both individual and institutional
investors, offering tailored support to long-term wealth creation while addressing
varying risk appetites.
The funds will be available for intending customers across the eight member countries
- Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo
within the WAEMU Region. - The UCAMWAL Bond Fund is a low-risk, open-ended fund that focuses on fixedincome
and money market instruments, making it ideal for steady capital
preservation and long-term wealth building. This fund is particularly suited for
conservative investors who prioritize capital preservation while seeking steady,
consistent returns. - The UCAMWAL Diversified Fund provides investors with a balanced risk
approach through strategic allocation across multiple asset classes by
investing across fixed income assets, money market instruments, and equities.
It is targeted at investors seeking a balance of capital appreciation and
income diversification over the long term.
Commenting on the significance of the launch of the products, the Group Chief
Executive Officer, Mr. Peter Ashade, had this to say:
“This product launch signals the kick-off of the expansion of our pan-African footprint,
starting with the WAEMU region. As a group, our mission is to shape a more financially
inclusive and economically resilient Africa, for Africa by Africans. We are here to make
a difference, and we are bringing our proven investment expertise into this market, to
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support cross-border investment, and support Africa-driven prosperity.
This is the beginning of a legacy, for wealth creation, financial empowerment, and a
new chapter in Africa’s story of innovation, and enduring success.”
The Director, Africa Operations at United Capital Plc, Mr. Ejikeme Okoli, shared the
company’s long-term vision for the WAEMU region, saying:
“Our expansion into WAEMU is about more than presence, it’s about impact. We’re
building a truly Pan-African financial institution that partners with local economies to
unlock long-term prosperity. Our strategy is not exploitative but collaborative and will
harness local insights to create shared value. We aim to deliver tailored financial
solutions, manage risk effectively, and drive inclusive growth across the region. I invite
investors to join us on this journey of growth and empowerment, as we stay true to our
promise of driving progress, delivering value, and powering economic improvement
across Africa.”
Also speaking at the launch, Labas Bamba, Managing Director of UCAMWAL, said:
“Today marks a pivotal step in our mission to reshape asset and wealth management
in Francophone West Africa. These funds are tailored to meet the distinct needs of our
investors, blending global standards with local market insight. We recognize that every
investor’s journey is unique, which is why our solutions are built to support diverse goals
across different life and business stages.”
The launch of these funds comes at a critical time for the WAEMU region, as
governments and the private sector increasingly seek innovative solutions to mobilize
domestic savings and channel them into productive investments. UCAMWAL’s entry
into this market is expected to contribute significantly to the development of the
region’s capital markets while providing investors with professionally managed
alternatives to traditional savings instruments.
Backed by a strong track record and trusted legacy of United Capital Plc, which
manages nearly ₦2 trillion in assets and more than $500 million in mutual funds in
Nigeria, UCAMWAL is positioned to become a leading investment partner for
individuals, institutions, and governments across the WAEMU region.
KEY HIGHLIGHTS
v United Capital recently launched United Capital Asset Management West Africa
Ltd (UCAMWAL), its first fully operational subsidiary in Francophone West Africa,
headquartered in Abidjan, Côte d’Ivoire. The company is licensed to operate as a
portfolio management company within the WAEMU region.
v UCAMWAL is licensed by the Financial Markets Authority of the West African
Economic & Monetary Union (AMF-UMOA), enabling operations across eight
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WAEMU member countries – Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali,
Niger, Senegal, and Togo.
v The subsidiary will provide asset management services, including portfolio
management, mutual funds, and financial advisory.
v The newly launched mutual funds – UCAMWAL Diversified Fund and UCAMWAL
Bond Fund are approved by the Financial Markets Authority of the West African
Economic & Monetary Union (AMF-UMOA) and open for subscription to investors
SanlamAllianz Flags Off 12-City Roadshow To Deepen Customer Engagement And Awareness

Prof. Bart Nnaji To Chair 2025 Oriental News Nigeria Summit
As Nigeria continues to promote energy efficiency with natural gas as key driver to achieve her energy transition goals, key stakeholders in the sector would be discussing prospects of the country’s huge gas resources in actualizing set targets.Other key agencies of government have also signified their acceptance to participate in the 2025 Oriental News Nigeria national conference where the Nigerian Liquified Natural Gas Limited (NLNG) as keynote speaker at the conference would highlight benefits of gas as the country’s transition energy source.The conference will be chaired by former Power Minister and chairman of the indigenous power company, Geometric Power Limited (GPL).STANMEG Communications, publishers of Oriental News Nigeria Online, one of Nigeria’s most influential Online platforms confirms NLNG as keynote speaker at its 2025 National Conference on Sustaining Gas Utilization Towards Achieving Nigeria’s Energy Security.The main Theme of the conference is “Integrating Nigeria’s Gas Potentials Into Strategic Energy Transition Initiatives”The conference is also focusing on key Sub Themes, which include…..Enhancing Energy Security And Efficiency Through Effective Gas Utilization……Evaluating Regulatory Frameworks for Sustainable CNG Adoption in Nigeria’s Transportation Industry………. Building Local Content Synergy’ between the Insurance Industry and Oil and Gas Sector.The event holds on 24th July, 2025 at Radisson Blu, GRA Ikeja Lagos at 9am.Meeting Nigeria’s domestic energy needs remains one of the most significant challenges to sustainable development and economic growth. Only half of Nigeria’s 200 million citizens currently have access to energy, and with the population set to double by 2050 universal access is a huge challenge.Nigeria has proposed to ramp up gas production, utilization and export, with the aims of supporting industrialization, boosting domestic energy supply (for power, cooking and transport), and increasing government revenues.Whether ramping up gas utilization is feasible, or indeed the appropriate approach to achieving Nigeria’s energy supply and economic ambitions, is uncertain.Every year Oriental News Nigeria, undoubtedly one of Nigeria’s most influential and reliable news channels brings stakeholders together to discuss pivotal topics around the economy.Being the 4th in the series, the 2025 Oriental News Nigeria conference is bringing key industry figures, experts and policy analysts to evaluate various aspects of natural gas initiatives put together to drive the national economy.Government is quite aware that what is certain is that global pressure to transition away to cleaner energies and defund fossil fuel projects complicates the process of realizing that goal and could lead to wasted investments that jeopardize the economic and energy security of Nigerians in the future.But weak legal and regulatory frameworks, big infrastructure gaps, a non-cost-reflective pricing regime and host community conflicts have made the domestic gas sector uncompetitive and unattractive to investors. This, in turn, has left gas reserves underexploited, especially more expensive non-associated gas which represents half of Nigeria’s reserves.Implementation of reforms by successive governments through the 2008 Gas Master Plan the (GMP), the 2017 National Gas Policy (NGP) and other instruments have proven slow. With the passage of the Petroleum Industry Act 2021, the legal, fiscal and regulatory framework of the gas sector has been strengthened with the creation of dedicated regulators, a dedicated minister, provision of third party access to infrastructure, and other improvements. But many gaps remain.Thus the Decade of Gas Policy launched in 2021 to address the limitations to achieving domestic gas-based industrialization and economic prosperity, and reduce energy poverty, faces greater challenges.Also, as a response to the high cost of petrol and the attendant rise in the cost of transportation, following the removal of fuel subsidy, President Bola Tinubu launched the Presidential CNG Initiative to provide a cheaper and cleaner energy source for Nigerians.It is based on the above initiatives and pace setting policies that we have developed a theme and sub-themes to examine and evaluate those policies by key government agencies, including key stakeholders in the industry.Apart from examining the role of gas initiatives boosting power sector growth, the sub-themes is evaluating the Compressed Natural Gas (CNG) as preferred fuel for the transport industry.Road transport is the dominant mode of transportation in Nigeria, moving over 90% of internal goods and passengers across the country; hence it is the highest contributor to the nation’s GDP amongst other sub-sectors.However, from all we could glean, road transport is predominant in the Nigerian transport sector. This entails an excessive use of internal combustion engine vehicles (ICEs), hence, an immense contribution to CO2 emission through the combustion of petroleum-based products like PMS, AGO and ATK; relatively small amounts of methane (CH4) and nitrous oxide (N2O) are emitted during fuel combustion, though.The National Automotive Design and Development Council (NADDC) has revealed that Nigeria boasts of an estimated 11 million vehicles traversing its roads.Globally, the transport sector is a major source of CO2 pollution in the atmosphere, with a global contribution of about 7.3 billion metric tons of carbon dioxide emission in 2020. About 20% of the global CO2 emission is contributed by Surface transport.We reviewed the various sub-sectors of the Nigerian transport sector with their corresponding energy consumption rates. Results show that all the sub-sectors are solely dependent on fossil fuels to meet their energy demands and requirements, thus making the transport sector the highest consumer of fossil fuels, and consequently, the highest contributor to carbon footprint.This necessitates the need for gradual decarbonisation of the sector, but not at the expense of the nation’s economy, since the transport sector contributes about 3% of the nation’s GDP.During the conference there will be Panel Discussions on the following sub themes1. Adaptation of Renewable Energy Policy and Gas Utilization Strategies In Power Generation Sector2. Evaluating Decade of Gas Policy and Broad Spectrum of Gas Utilization Strategies3. Reinforcing CNG, LPG Strategies in Addressing Emissions and Climate Impacts of Fossil Fuel Use in the Transport Industry.4. Building Local Content Synergy’ between the Insurance Industry and Oil and Gas Sector.The conference promises to be highly interactive and with such great collaboration and shared commitment of stakeholders the outcome will not only achieve the country’s objectives but also set a precedent for other nations to follow.Yemisi IzuoraPublisher/EditorOriental News Nigeria
Nigerian Undergraduates Dream Big In Shell Intern Scheme
By Amaka Obiefuna
The latest batch of undergraduates from Nigerian universities have commenced their Student Industrial Work Experience Scheme (SIWES) with Shell Nigeria Exploration and Production Company Limited (SNEPCo,) using the opportunity to acquire practical knowledge and skills in the oil and gas industry.
The 28 interns drawn from 17 universities, will serve for six months and gain valuable insights on the operations of a company which pioneered the development of a new generation of Nigerian professionals in the deep-water sector when it started production at Bonga in 2005.
“We’re pleased to continue with efforts to grow indigenous talent in deep-water oil and gas operations through the work placement programme,” said SNEPCo Managing Director, Ronald Adams. “The programme offers exciting opportunities for young talents to grow their potentials in the oil and gas industry”
The interns, some of whom are also recipients of the Nigerian National Petroleum Company Limited, NNPC-SNEPCo scholarship programmes, have been speaking about their hopes and ambitions in the scheme.
A resident of Maiduguri and student of Mechanical Engineering at the University of Maiduguri, Ayuba Haruna, who was displaced by the security crisis in the Northeast, won the NNPC-SNEPCo scholarship award in 2023, and is now an intern. He said: “NNPC-SNEPCo’s investment in education and young Nigerians like me has not only changed my life — it has given me purpose, direction, and a chance to build a better future.”
“I’m stepping into this role ready to learn, contribute, and be part of something truly bigger than myself,” said Kester Chukwumezie, a student of Electronic and Computer Engineering at Nnamdi Azikiwe University.
Two interns, Miss Ulan Andrew and Joseph Agom have been beneficiaries of the NNPC-SNEPCo National Cradle to Career and university scholarships. Miss Andrew, who is studying Chemical Engineering at the University of Ilorin, described the internship as “truly a dream come true and the opportunity of a lifetime.” Joseph, a student of Mechatronics Engineering at the University of Port Harcourt, said: I’m deeply grateful to be a product of Shell’s long-term investment in education, and now part of the next generation learning from the very best.”
Another intern, Miss Oluwehinmi Oluwayemisi, a student of Industrial Mathematics/Computer Science at Covenant University, Ota, Ogun State, expressed gratitude for the “amazing opportunities” offered by the scheme.
The Student Industrial Work Experience Scheme is just one aspect of the investments in education by NNPC SNEPCo and Co-venturers, which include scholarship awards and donation of Information Communication and Technology (ICT) facilities to tertiary institutions.
Over 600 undergraduates have benefitted from the NNPC-SNEPCo National University Scholarship Award since its inception in 2016, while 32 ICT projects have been donated to secondary schools and universities around the country since 2007.
Lagos Govt Seeks Stronger Parental Involvement in Children’s Financial Literacy as Zedcrest Launches New Books

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)
Register Here: https://bit.ly/
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.
Register Here: https://bit.ly/
You don’t have to carry it all alone.
Join us and find out how Coronation Life Assurance can help ease the burden.