MAN President Announces Aliko Dangote As Guest Speak On Nigeria First Policy At MAN’s 53rd AGM

Polaris Bank, in partnership with the Nigeria Conservation Foundation (NCF), has extended its nationwide tree planting campaign to three key locations: The Lekki Conservation Centre in Lagos State, the Federal University of Agriculture, Abeokuta (FUNAAB), Ogun State and Sardauna College Kaduna, Kaduna State.
The initiative, first launched in 2024 during the Bank’s World Environment Day commemoration, is part of Polaris Bank’s broader commitment to combating climate change, reducing carbon emissions, and promoting sustainable environmental practices across Nigeria.
The Lagos edition, which held at the iconic Lekki Conservation Centre, was attended by Executive Directors, Chris Ofikulu and Sharafadeen Muhammad, alongside partners from NCF.
Speaking at the event, Chris Ofikulu, Executive Director, Commercial and Retail expressed his appreciation to all participants at the Tree-planting exercise, noted that the initiative highlights the importance Polaris Bank attaches to environmental sustainability. He recalled leading the Bank’s first tree planting activity after its launch in 2024 at TASUED, Ogun State.
He further noted that the exercise aligns with the United Nations Decade of Ecosystem Restoration, a global movement dedicated to securing a greener future for generations to come. He emphasized that Polaris Bank sees sustainability not merely as a responsibility but as a business imperative.
He added that, through this initiative, Polaris Bank reaffirms its role beyond banking services and remains firmly in line with the collective goal of planting 10,000 trees.
Also speaking at the event, Sharafadeen Muhammad, Executive Director, Operations, emphasized that protecting the environment and the planet is a shared responsibility for the benefit of all.
He described the initiative as a commendable effort and encouraged the establishment of reserves that conserve nature while creating economic value. He further reaffirmed Polaris Bank’s commitment to supporting the tree-planting initiative.
In Ogun State, the Divisional Head, Ogun/Oyo, Yetunde Okeleye emphasized that the tree-planting initiative reflects Polaris Bank’s unwavering commitment to environmental sustainability. By planting economic trees across the country, including Ogun State, we are demonstrating that sustainability is not just a responsibility but part of our ethos as a Bank.
Our partnership with the Nigerian Conservation Foundation at the Federal University of Agriculture, Abeokuta, underscores our resolve to restore degraded land, prevent soil erosion, and combat climate change.
Through this initiative, Polaris Bank reaffirms its role as a driver of environmental stewardship and community well-being, while contributing to a greener and more sustainable future for generations to come.”
In Kaduna State, Mr. Kabir Lawal, Acting Group Head, North West, alongside the Bank’s staff from Kaduna business locations, reiterated, sustainability is not just a catchphrase but the Bank’s culture, a journey pursued with conviction.
Every decision we make is guided by environmental, social, and governance (ESG) principles, ensuring that we address environmental issues while empowering communities and driving inclusive growth.
He further said that the exercise at Sardauna Memorial College, in partnership with the Nigerian Conservation Foundation, is a testament to this commitment. Beyond reducing carbon footprints, our Tree-planting initiative restores degraded areas, prevents soil erosion, improves environmental health, and raises awareness on the importance of preservation.
The NCF commended Polaris Bank’s leadership, stressing that the selected trees comprising fruit bearing and shade providing species would serve multiple benefits, including erosion control, wind breaking, shade provision, and food security.
Community representatives from FUNAAB and Sardauna College Kaduna expressed gratitude to Polaris Bank and NCF for spearheading the initiatives, describing them as timely and impactful in addressing the global climate challenge.
Polaris Bank continues to integrate sustainability into its operations, ensuring that climate action and community development remain central to its long term growth strategy. Through collaborations like this, the Bank reaffirms its role as a catalyst for positive environmental and social impact.
Cape Town, 2 October 2025: Seplat Energy Plc, leading Nigerian independent energy company, has recorded unprecedented growth since it was founded by acquiring divested assets, unlocking value from them, improving efficiency and safety performance of the assets, whilst driving the entire growth process with a world-class and resilient people (workforce).
Roger Brown, Chief Executive Officer, Seplat Energy Plc, said this at the 2025 Africa Energy Week (AEW) Conference & Exhibition in Cape Town, South Africa.
Brown, who spoke during a Fireside Chat titled “Assets Acquisition Success Strategies: Seplat Energy”, said the company has successfully integrated major acquisitions in the last decade, each time improving efficiency and safety performance, while at the same time reducing routine emissions.
Speaking on its most recent acquisition of Mobil Producing Nigeria Unlimited assets, he said the goal had been to move quickly to re-engage wells and facilities – resulting in the delivery of immediate results; investing early in integrity and reliability – thus reducing downtime while setting a foundation for future growth; and integrating not isn’t just systems, but people.
“We found strong cultural alignment with our new colleagues, and that’s been key to seamless performance. We’ve welcomed their expertise and insights and the entire Group is benefiting from them,” Brown hinted.
According to the Seplat CEO, by combining Seplat’s onshore experience with decades of offshore know-how from new colleagues, the company have built a stronger operation from day one, which is already delivering higher cash flow.
“The recent reserves upgrade shows we have acquired a high-quality asset with significant production potential in both oil and gas, and much of this is within easy reach, close to export infrastructure that we control. We are confident we can increase production and that aligns with the Government’s target to increase liquids production to 3.0 MMbbl, and to increase gas production for both domestic energy and export markets,” he added.
Speaking o the company strong operator mindset, Brown said Seplat Energy focuses on acquiring assets where its operating capability can unlock hidden value – especially mature fields that benefit from a more agile, entrepreneurial operator, stressing that: “We’ve already proven we can acquire assets onshore and bring them up to high levels of production, whilst keeping tight control of costs, and this has helped us build up a strong balance sheet, invest in our future and return a healthy dividend stream to investors.”
On the company’s clear appetite for success, the Seplat Energy boss said the focus had always been on safety and operational excellence, which are targeted at maximising production and cash flows that strengthen the business
“We’re a low-cost operator, meaning we can be profitable at good oil prices and we’ve proven we can survive periods of low prices and prolonged lock-ins. We look after our staff, all of whom are very highly qualified, mostly Nigerian, and ensure they are fully aligned with our success, which in turn will bring success for Nigeria’s energy system. We’ve got a deep bench and a strong succession pipeline,” he explained.
In the same vein, Eleanor Adaralegbe, Chief Financial Officer, Seplat Energy Plc, who spoke during a panel discussion titled “Financing Upstream Projects for Domestic Energy Security”, said since inception, the company has continued to blaze the trail with a highly successful capital raising history; of which the company had raised more than $4bn in debt to develop and grow operations whilst continuing to maintain a low leverage threshold of below 1.5x through the cycle.
On the various financing options the company had leveraged since inception, Adaralegbe identified the Initial Public Offer (IPO), Revolving Credit Facility (RCF), Bonds, Advance Payment Facility, as well as other financings like taking over the $110m RBL, which is currently being refinanced (on Eland acquisition of 2019; and putting in place a $320m project financing for ANOH, Seplat’s 50/50 JV with the Nigerian Gas Infrastructure Company (a 100% wholly owned subsidiary of NNPC).
Speaking on financing challenges and what Seplat Energy had done to overcome them, she said: “Corporates are always looking to access low-cost financing for development and growth, more so, Nigerian energy companies, as Nigerian banks have a high USD cost of borrowing. As such, we knew that we had to become a first mover and shape our credit profile to appeal to a wider group of banks and investors. We are the first and only dual listed Nigerian oil and gas company.”
On the company’s key credit highlights, the Seplat Energy CFO listed: Balanced Assets with Substantial Production; Portfolio Diversification Through Gas Business; Uniquely Positioned to Capture Future Growth; Strong Financials and Well-Tested Risk Management; Well managed liquidity; Focus on tax efficiencies; Experienced Management and Strong Governance; and Leading Indigenous and ESG-Focused Operator.
“Seplat Energy has repeatedly been able to refinance to extend maturities and bring down our cost of debt while keeping leverage moderate. We have been able to do this because we are focused on things that lenders are focused on – asset diversification, steady production, strong financials, low leverage, focus on tax efficiencies, strong leadership,” Adaralegbe explained.
On the importance of financing, she said Nigeria’s energy security depended heavily on upstream oil and gas, which fuels both domestic consumption and foreign exchange earnings; declining investment in upstream projects due to global energy transition pressures and perceived risks; and rising domestic demand for gas and power requires urgent expansion of upstream activity, particularly gas exploration and production.
“Until utility-scale renewables, storage, and transmission are materially larger, Nigeria’s ability to keep lights on, vehicles moving, industries running, and households cooking cleanly is fundamentally constrained by upstream oil and gas development, output and associated midstream delivery – that is upstream development is a direct lever on national energy security,” she advised.
According to Adaralegbe, a stable and predictable fiscal framework is the single most powerful enabler of upstream financing; of which consistent application of PIA provisions, timely JV cash-call settlements, and clarity on commodity pricing policies are essential to de-risk projects and crowd in long-term capital.
The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged West African countries to accelerate the integration of their capital markets, describing it as the only way to mobilise the scale of investment needed to drive the region’s development.
Speaking at the Experts Meeting on Validation of the WASRA Charter and Recognition of WASRA as the Regulatory Body for Cross-Border Securities Market in ECOWAS, held Thursday in Abuja, Agama who is also the WASRA Chairman, said the initiative represents “a watershed moment” in the region’s financial history.
According to him, West Africa faces urgent developmental challenges ranging from infrastructure deficits and climate adaptation to digital transformation and job creation.
He said: “To meet these challenges, we require capital at scale, and the truth is simple: no single national market can provide it alone. An integrated regional capital market is no longer a luxury; it is a necessity”.
The SEC boss lamented the slow pace of regional integration, warning that “each year of delay is a lost opportunity to mobilise resources for critical projects that can transform our economies.”
He pointed to Africa’s annual infrastructure financing gap of over $100 billion, stressing that West Africa alone requires tens of billions of dollars to modernise transport corridors, upgrade energy systems, and build resilient digital infrastructure.
“Without integrated markets that pool liquidity and broaden investor participation, our governments and private sector will remain constrained, relying on limited fiscal space and expensive borrowing,” Agama said.
Drawing lessons from global models, he noted that the European Union and ASEAN achieved significant economic transformation by harmonising rules, fostering investor confidence, and facilitating seamless cross-border funding.
“The creation of a single market enabled European firms to access funding seamlessly across borders, boosting innovation and competitiveness. Closer to home, ASEAN coordinated standards and deepened financial cooperation, strengthening its resilience as a regional bloc.”
He emphasised that West Africa, with its population of more than 400 million and a combined GDP of about $800 billion, has even greater potential, cautioning that “potential means little without decisive action,” he cautioned.
Agama outlined how integration would bring benefits beyond infrastructure, noting that “In agriculture, integrated markets can mobilise capital for value-chain development, agro-processing, and food security, which are critical priorities for our region”.
He added: “In the digital economy, regional capital can support innovation hubs, fintech scale-ups, and broadband expansion, ensuring that West Africa fully participates in the fourth industrial revolution.”
He further stressed that cross-border pools of capital, backed by harmonised regulation, could deliver “transformative impact” across multiple sectors, including youth empowerment and job creation.
Presenting the objectives of the West Africa Securities Regulators Association (WASRA), Agama said the body was established with a clear mandate to anchor market integration.
“First, to contribute to the establishment of appropriate mechanisms for the regulation of capital markets; ensuring their proper functioning and the protection of investors. This speaks directly to the heart of investor confidence, without which no market can thrive,” he said.
He added that WASRA would foster integration through joint programmes and common projects, promote mutual assistance across the region, and set common standards for effective regulation. “Integration is not only about policy declarations; it is about practical collaboration and shared initiatives that deliver results for our markets and our people,” he stressed.
Agama called on policymakers, especially finance ministers within ECOWAS, to champion the WASRA initiative, stating that “The political will of our leaders is the single most important factor in moving from aspiration to reality”.
“WASRA stands ready, in partnership with ECOWAS, WACMIC, and WAMI, to provide the technical leadership required.”
Also speaking at the meeting, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun noted that the gathering marked a significant step in the collective “journey toward a harmonized regulatory framework, one that reflects the shared aspirations of ECOWAS member states to deepen capital market integration, enhance cross-border investments, and promote financial stability.”
Edun, represented by
Mr. Hassan Adamu Jibrin Principal Economist Federal Ministry Of Finance, pointed out that validation of the draft WASRA Charter is not merely a procedural formality, but a critical foundation for institutional coherence, regulatory cooperation, and sustainable market development across our sub-region.
On his part while speaking on behalf of ECOWAS Commission, Mr. Peter Oluonye Acting Director Private Sector
noted that for capital markets integration to gain traction in ECOWAS, there need to be need concerted efforts of all stakeholders at harmonizing rules, practices and regulations, to the standards acceptable to all jurisdictions.
“We are well aware that our member states depend much on external capital flows and direct investment to sustain and deliver on economic development programmes of our governments. The region is in dire need to develop critical economic infrastructure projects, requiring huge capital investment and facilitate gross capital formation. The capital market is a major vehicle that should support this aspiration
“The need to drive our capital markets integration initiative to break down barriers to movement of capital within the region by ensuring a harmonized regulatory space, common market information platforms, interlinked trading systems, cross-border trade and payments settlement, harmonized accounting standards and internationally acceptable governance standards and institutions cannot be over-emphasized at this juncture in our economic integration initiatives”, he added.
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged Nigerians to take advantage of opportunities in the capital market to build personal and national financial independence as the country marked its 65th Independence Anniversary.
In a goodwill message titled “Forging a New Legacy of Financial Independence”, Agama described the capital market as a critical engine of economic empowerment, stressing that true independence goes beyond political sovereignty to include financial security for every Nigerian.
According to him, under the administration of President Bola Ahmed Tinubu and the guidance of the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, the capital market has been repositioned as a “public square of prosperity for all” rather than an exclusive preserve for a privileged few.
He listed ongoing reforms including the dematerialization of shares, increased retail investor participation, introduction of new asset classes, promotion of FinTech collaborations, and reduction in time-to-market for securities as part of efforts to deepen financial inclusion and democratize wealth creation.
Other initiatives, he noted, include international best practices in fund valuation, strengthening of corporate governance, promotion of financial literacy, and a sustained campaign against Ponzi schemes that continue to defraud unsuspecting Nigerians.
“These are not just regulatory updates; they are the building blocks of a financial democracy,” Agama stated, adding: “Every Nigerian—from the civil servant in Makurdi to the tech entrepreneur in Yaba, the farmer in Kano, and the fisherman in Yenagoa—can now have a stake in the commanding heights of our economy.”
The SEC boss emphasized that financial independence is central to dignity and prosperity, pointing out that the capital market provides a platform for Nigerians to transform savings into investments that fuel enterprise growth and national infrastructure.
“When you buy a share, you become a part-owner of a Nigerian company. When you invest in a bond, you are helping to fund the infrastructure that will power our future. This is the new face of patriotism,” he said.
Agama further called on citizens to prioritize financial literacy, embrace consistent investment, and adopt a long-term perspective in order to build sustainable wealth and support the nation’s economic transformation.
He described investment as a patriotic duty, stressing that widespread participation in the capital market will not only enhance personal financial security but also accelerate national development.
“As we celebrate 65 years of nationhood, let us embrace this powerful tool for wealth creation. The growth of our economy must mirror the growth of our citizens’ financial independence,” Agama said.
Leadway, one of Nigeria’s foremost non-banking financial services and wellbeing providers, is celebrating 55 years of innovation, resilience, and inclusive impact across West Africa. From its inception in 1970 as an insurance company, Leadway has evolved into a diversified group championing financial access, inclusion, and wellbeing for individuals and businesses across the region.
Today, Leadway’s integrated offerings span life and general insurance, health coverage, pensions, asset and wealth management, estate planning, hospitality and credit solutions, empowering millions to build resilient financial futures. “Leadway’s journey is, in many ways, the story of Nigeria itself—one of resilience, diversity, and progress,” said Tunde Hassan-Odukale, Group Managing Director of Leadway Holdings. “We began with the mission of providing succour and financial freedom to individuals and businesses through risk management.
Over the years, that mission has expanded into building a holistic ecosystem that now encompasses insurance, pensions, health, investments, trusteeship and hospitality. This milestone is both a testament to the trust we have earned and the excellence we continue to uphold.” Leadway has built its reputation as Nigeria’s most consistent claims-paying insurer, disbursing nearly ₦500 billion in claims between 2016 and 2024, including ₦117 billion in 2024 alone.
Through its HMO subsidiary, the group continues to deliver award-winning healthcare services to millions of Nigerians through a network of more than 2,500 hospital providers nationwide while continuously increasing robust financial portfolios and securing the future of many Nigerians through its Pensions and Asset Management subsidiaries.
Beyond Nigeria, Leadway has expanded its regional footprint into Côte d’Ivoire, strengthening its leadership in Francophone West Africa through Leadway Assurance, Ankara Services and Leadway IARD. The Group’s legacy also extends to impactful social initiatives.
Leadway Media Dash provides young entrepreneurs and SMEs with visibility by showcasing their businesses on Leadway-owned platforms. Its long-standing support for the Lagos International Trade Fair underlines its commitment to commerce and enterprise in the sub-region. Leadway also invests in Nigeria’s creative economy, sponsoring the Lagos Leather Fair, supporting the Nigerian Pavilion at the London Design Biennale, and championing emerging talent through the +234 Art Fair and Creative Bloc Carnival. Recognising the power of youth, Leadway engages with the next generation through LeadForward, a financial literacy and wellness programme for NYSC members, and Campus Connect, a university initiative promoting learning, entrepreneurship, and wellbeing. It also champions women’s empowerment through Hersurred, a platform launched in 2024 that offers mentorship, skills workshops, and networking opportunities, including an annual International Women’s Day event.
As Leadway marks its 55th anniversary, it reflects on a journey marked by impact, resilience, and trust while restating its goal to create creative and inclusive financial, health, and wellness ecosystems for its clients. “We are committed to creating the next chapter of Africa’s financial services wellbeing powerhouse, offering digital-first solutions that are unparalleled, people-focused, and competitive on a global scale, with our past guiding us and shaping the future ahead,” Tunde Hassan-Odukale reaffirme
Sterling Bank has once again redefined the boundaries of customerfirst banking in Nigeria by scrapping Account Maintenance Fees (AMF) across all personal accounts.
Just months after abolishing transfer fees on local online transactions in April 2025, the bank has dismantled yet another long-standing industry practice, cementing its role as the nation’s leading force for transparent, fair, and customer-focused banking.
This decision cuts at the heart of a revenue model that has long cost Nigerian
customers dearly. In 2024 alone, tier-1 banks raked in over ₦650 billion from account
maintenance and e-banking charges.
Sterling’s move rewrites Nigeria’s banking
rulebook while amplifying its bold stance: customers deserve freedom from too many
deductions and the right to keep more of their hard-earned money.
Abubakar Suleiman, Managing Director of Sterling Bank, explained the principle
driving this bold action: “Every fee we remove is one less barrier between our
customers and true financial freedom. This was the rationale behind eliminating
transfer fees in April, and it is the same principle we uphold as we eliminate account
maintenance fees.”
Obinna Ukachukwu, Growth Executive for Consumer and Business Banking at Sterling
Bank, reinforced this position: “This initiative is about building lasting relationships that
fuel sustainable growth.
We put transparency and customer value first, and in doing so, we are building a foundation that serves both our customers and Sterling’s future.”
As Nigeria marks another Independence Day, Sterling Bank presents this decision as
a declaration of financial independence for millions of Nigerians.
By freeing customers from deductions that silently erode their balances, Sterling is empowering them to keep and grow their wealth while redefining true financial freedom.
With two unprecedented moves in quick succession, the removal of transfer fees in
April and now the elimination of account maintenance charges, Sterling Bank continues to challenge the status quo and champion a new era of fairness in
Nigerian banking.
Every year, Chicken Month highlights Chicken as one of the most popular and widely consumed sources of protein in the world. In Nigeria, where protein deficiency remains a pressing concern, Chicken Month is more than a celebration; it is a reminder of chicken consumption’s role in improving the nation’s nutrition and health.
No doubt, protein is a vital nutrient for everyone. It fuels children’s growth and learning, supports adults in maintaining strong muscles and energy, and strengthens immunity across all ages. Yet for many households, meeting daily protein needs can feel like a challenge.
That is why chicken stands out. It is one of the most practical solutions available- affordable, accessible, and adaptable to our everyday meals.
Chicken is more than just delicious. It is a lean source of high-quality protein, offering essential nutrients without the heavy saturated fats often associated with red meats.
This makes it a smart choice for families who want to enjoy tasty meals while also caring for their health. From stews to soups, grilled portions, or even our Nigerian jollof rice, chicken fits seamlessly into Nigerian cuisine, proving that eating well does not have to be complicated or costly.
Beyond nutrition, chicken also represents versatility. Families can make the most of every part; from drumsticks and thighs to gizzards and liver etc, ensuring nothing goes to waste. With thoughtful cooking methods such as boiling, steaming, or grilling, chicken retains its nutrients while meeting the diverse tastes of both children and adults.
Chicken Month is an opportunity for Nigerians to rethink how they approach protein in their diets. By choosing chicken more often, families can take simple but powerful steps toward closing the protein gap and building healthier communities.
This Chicken Month, Right To Protein encourages every household to see chicken as not just a meal option, but as a daily commitment for better nutrition and a stronger future. Adding more protein to the plate is a simple way to open the door to better health and better living.