“Golden Jubilee Of Grace: Stella Ihezue Celebrates 50 Years Of Life And Legacy”



…Plans Conference To Unlock Ethical Financing For Nigeria’s Prosperity
Amaka Obiefuna
The Securities and Exchange Commission (SEC) has disclosed that Nigeria’s non-interest capital market has grown significantly, reaching a valuation of over ₦1.6tn, a milestone it says signals growing investor confidence and deepening participation in ethical finance.
The Director-General of the SEC, Dr. Emomotimi Agama, announced this on Monday during a joint press briefing in Abuja ahead of the 7th African International Conference on Islamic Finance (AICIF), scheduled to hold in Lagos on November 4 and 5, 2025.
The conference, jointly organized by the SEC, the Metropolitan Law Firm, and Metropolitan Skills Ltd., is themed “Africa Emerging: A Prosperous and Inclusive Outlook.”
It aims to promote ethical financing as a viable tool for building a resilient and inclusive African economy.
Agama described the upcoming conference as “strategically positioned” to coincide with the conclusion of the Revised Nigerian Capital Market Masterplan (2021–2025), adding that it would serve as a platform for charting the next phase of sustainable financial development across the continent.
“This year’s theme is a call to action, it’s about harnessing ethical finance as a tool to build a more prosperous and equitable Africa,” he said.
According to him, the Nigerian non-interest market has shown remarkable momentum, with Sukuk dominating the sector.
He revealed that the last Sukuk issuance was oversubscribed by over 700 percent, underscoring the growing investor appetite for non-interest products and confidence in the regulatory framework.
“The non-interest capital market has attained a valuation of ₦1.6tn. The overwhelming subscription to our Sukuk issuances demonstrates strong investor confidence and an expanding demand for ethical financial instruments,” Agama said.
He explained that the enactment of the Investments and Securities Act (ISA) 2025 provides a strengthened legal foundation for non-interest financial products, empowering the SEC to register non-interest collective investment schemes and broaden the range of instruments available to investors.
“The new Act is a game-changer,” he noted. “It modernizes our regulatory framework, enhances transparency, and gives investors the confidence needed to engage more deeply with ethical finance.”
Agama stated that the AICIF will feature high-level discussions on unlocking capital for Africa’s infrastructure, green and ethical investments, agricultural financing, and the role of fintech in transforming Islamic finance.
The sessions, he said, are designed to produce practical solutions to some of the continent’s most pressing development challenges.
“This is not just another conference. It is a problem-solving platform that will deliver actionable strategies to drive new investment flows and inform future regulatory policy,” he emphasized.
The SEC boss added that the conference will bring together regulators, senior financial executives, scholars, and representatives of development finance institutions to collaborate on innovative policy frameworks.
According to him, promoting financial inclusion will be a key focus area, ensuring that ethical finance becomes a driver of prosperity for individuals and businesses alike.
“The insights generated will help shape the next phase of our capital market’s growth, ensuring it remains a strong engine for Nigeria’s economic development,” he said.
Agama underscored that the AICIF aligns with the government’s broader agenda of promoting sustainability, inclusivity, and transparency in the financial system.
He described ethical finance as a critical component of Nigeria’s long-term economic transformation plan, capable of funding infrastructure, empowering communities, and stimulating small and medium-scale enterprises.
“The 7th AICIF is a premier forum dedicated to advancing non-interest and ethical finance across Africa. It represents a shared commitment to building a financial ecosystem that is prosperous, inclusive, and sustainable,” he said.
He urged stakeholders and the media to actively participate in the Lagos conference, describing it as “a defining moment for Nigeria’s financial sector and a blueprint for Africa’s economic rebirth.”
Also speaking, Ummahani Amin, Managing Partner, Metropolitan Law Firm & Chairman, AICIF 2025 Planning Committee said that AICIF has grown into one of the most important gatherings for policymakers, regulators, investors, scholars, and innovators who share a common goal to advance ethical, inclusive, and sustainable finance in Africa.
She said, “This year, we are especially proud of our strategic partnership with the Securities and Exchange Commission (SEC), Nigeria’s highest regulator in the capital market. This collaboration underscores our shared vision to strengthen the Islamic finance ecosystem, deepen investor confidence, and support innovation that aligns with integrity and shared prosperity.
“This year’s conference comes at a critical time — as Africa continues to explore innovative, ethical, and sustainable pathways to finance development.”
She said Islamic finance has proven to be one of the fastest-growing segments of the global financial system, and AICIF provides a unique platform to bring together policymakers, regulators, scholars, investors, and practitioners to shape that future here on the continent.
Beyond the conference sessions, Amin said the partners will also be celebrating excellence and innovation through its Awards Night, as well as unveiling the winners of the AICIF Pitch Competition, a platform designed to spotlight young entrepreneurs and innovative ideas that can shape the future of Islamic finance in Africa.

The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has announced a remarkable rebound in its operations, which has resulted in the facilitation of over ₦70 billion in commercial financing for agribusiness as at Q3 2025, its strongest annual performance since inception.
In operation since 2013, this result represents nearly a quarter of the organisation’s cumulative ₦270 billion facilitated for agriculture and agribusiness to date, an achievement that underscores the impact of NIRSAL’s revamped strategy under its new Board and Executive Management.
The timing of this turnaround is critical: Bank lending to agriculture had been in steady decline, falling from 6.18% of aggregate lending in 2022 to 4.82% in 2024, while sectoral growth slowed from 2.5% to 1.7% within the same period. By applying its signature tools for value chain modelling to address identified issues, providing technical support to agribusinesses and financial institutions, all while deploying its risk-sharing frameworks, NIRSAL has restored lender confidence thus channelling fresh funds into key value chains, including grains, cocoa, shea, and livestock.
In terms of impact, there has been an improvement in local production across key commodities and a positive balance of trade for agriculture, with over 32% of the facilitated sum directly supporting value-added commodity export. Most notably, agriculture’s share of bank lending has risen again to 5.33% as of May 2025, reflecting renewed interest from financiers. Two newly licensed banks have also entered the sector relying on NIRSAL’s frameworks, contributing to the ₦70 billion facilitated so far this year.
Commenting on the milestone, NIRSAL’s Managing Director/CEO, Sa’ad Hamidu, said: “₦70 billion may appear modest compared to the size of Nigeria’s agricultural financing needs, but the significance is profound. It proves that agriculture can be commercially and sustainably financed. With the right blend of capital, technical support, and risk mitigation, the sector can become more productive, resilient, and globally competitive.”
Hamidu added that NIRSAL remains confident of hitting its ₦150 billion target for 2025: “This is not yet the peak of the harvest season when merchants typically seek credit for offtake and storage, and when super agro-dealers stock up on fertilisers and inputs ahead of the next planting cycle. Therefore, the opportunities still to come give us every reason for optimism.”
Beyond headline figures, NIRSAL is working to reshape the lending landscape for agriculture. Its integrated model, spanning prospect identification, deal structuring, business advisory, and credit guarantees, handholds agribusinesses from loan origination to disbursement. Also, by providing tailored advisory and risk mitigation, the institution helps businesses once deemed unbankable to gain access to sustainable credit.
Through this approach NIRSAL aid the creation of a pipeline of emerging agribusinesses while supporting established firms to scale. Meanwhile, several borrowers who once engaged NIRSAL have since graduated into routine lending relationships with their bankers whose understanding of the dynamics of agribusiness has grown, leading to greater comfort in lending. This proves that the NIRSAL model is a pathway to long-term sustainability in the agriculture sector.
The ₦70 billion facilitated so far this year is a direct outcome of NIRSAL’s sustained capacity-building efforts for financial institutions. Through targeted training sessions for over 1,100 staff of banks, NIRSAL has deepened understanding of agricultural financing within its risk-sharing framework leading to an increase in loan request approvals. Similar training programs for agricultural value chain actors, including 450 participants trained on feedlot management, commodity export, and climate finance so far, will become increasingly evident over time, as capacity and confidence grow across these sub-sectors.
As part of its forward agenda, NIRSAL is developing a digital network it calls the NIRSAL LandBank portal—a connected ecosystem of agricultural stakeholders, from research and development to markets, to provide data-driven insights for investors, policy makers, and development partners for the identification of opportunities, risk reduction, and informed decision-making.
The LandBank portal would become an additional channel for project development, with climate finance another potential source of funding. NIRSAL continues to deepen its interest in and collaboration around climate finance, recently signing an understanding with the Rural Electrification Agency to provide off-grid power to production and processing clusters in rural locations. These efforts, the institution believes, will build resilience into the agricultural value chain and aid Nigeria’s push toward a $1 trillion economy.
Since its establishment, NIRSAL has remained faithful to its mandate of de-risking agricultural lending, facilitating finance across the value chain, and proving that agriculture is both bankable and sustainable. Its 2025 performance to date signals not just recovery, but a new era of confidence for Nigeria’s farmers, financiers, and the wider economy.

Through landmark new guidelines released , leading reproductive health agencies are calling for a major shift in how postpartum haemorrhage (PPH) is prevented, diagnosed and treated.
Defined as excessive bleeding after childbirth, PPH affects millions of women annually and causes nearly 45 000 deaths, making it one of the leading causes of maternal mortality globally. Even when not fatal, it can lead to lifelong physical and mental health impacts, from major organ damage to hysterectomies, anxiety and trauma.
“Postpartum haemorrhage is the most dangerous childbirth complication since it can escalate with such alarming speed. While it is not always predictable, deaths are preventable with the right care,” said Dr Jeremy Farrar, Assistant Director-General for Health Promotion and Disease Prevention and Care. “These guidelines are designed to maximize impact where the burden is highest and resources are most limited – helping ensure more women survive childbirth and can return home safely to their families.”
New diagnostic criteria for rapid action
Published by the World Health Organization (WHO), the International Federation of Gynecology and Obstetrics (FIGO) and the International Confederation of Midwives (ICM), the guidelines introduce new objective diagnostic criteria for detecting PPH, based on the largest study on the topic to date – also published today in The Lancet.
Many PPH cases occur without identifiable risk factors, meaning early detection and rapid response is critical. Yet in many settings, especially where healthcare resources and labour wards are overstretched, delays in treatment result in devastating consequences.
Typically, PPH has been diagnosed as a blood loss of 500 mL or more. Now, clinicians are also advised to act when the blood loss reaches 300 mL, and any abnormal vital signs have been observed. To diagnose PPH early, doctors and midwives are advised to monitor women closely after birth and use calibrated drapes – simple devices that collect and accurately quantify lost blood – so that they can act immediately when criteria are met.
The guidelines recommend the immediate deployment of the MOTIVE bundle of actions once PPH has been diagnosed. This includes:
Massage of the uterus;
Oxytocic drugs to stimulate contractions;
Tranexamic acid (TXA) to reduce bleeding;
Intravenous fluids;
Vaginal and genital tract examination; and
Escalation of care if bleeding persists.
In rare cases where bleeding continues, the guidelines also recommend effective interventions such as surgery or blood transfusion to safely stabilize a woman’s condition until further treatment becomes available.
“Women affected by PPH need care that is fast, feasible, effective and drives progress towards eliminating PPH-related deaths,” said Professor Anne Beatrice Kihara, President of FIGO. “These guidelines take a proactive approach of readiness, recognition and response. They are designed to ensure real-world impact – empowering health workers to deliver the right care, at the right time, and in a wide range of contexts.”
Reducing risks through effective prevention
The guidelines emphasize the importance of good antenatal and postnatal care to mitigate critical risk factors such as anaemia, which is highly prevalent in low- and lower-middle income countries. Anaemia increases the likelihood of PPH and worsens outcomes if it occurs. Recommendations for anaemic mothers include daily oral iron and folate during pregnancy and intravenous iron transfusions when rapid correction is needed, including after PPH, or, if oral therapy fails.
The publication also discourages unsafe practices such as routine episiotomies while promoting preventive techniques like perineal massage in late pregnancy, so as to reduce the likelihood of trauma and severe bleeding after birth.
During the third stage of labour, the guidelines recommend administering a quality-assured uterotonic to support uterine contraction, preferably oxytocin or heat-stable carbetocin as an alternative. If intravenous options are not available and the cold chain is unreliable, misoprostol may be used as a last resort.
“Midwives know first-hand how quickly postpartum haemorrhage can escalate and cost lives,” said Professor Jacqueline Dunkley-Bent OBE, ICM’s Chief Midwife. “These guidelines are a game-changer. But to end preventable deaths from PPH, we need more than evidence and protocols. We call on governments, health systems, donors, and partners to step up, adopt these recommendations, adopt them quickly, and invest in midwives and maternal care so that postpartum haemorrhage becomes a tragedy of the past.”
The guidelines are accompanied by a suite of training and implementation resources, developed with partners including UNFPA. These tools consist of practical modules for frontline health workers, national-level guides for introducing new practices, and simulation-based training to strengthen emergency response.
These consolidated guidelines–the first to uniquely focus on PPH–are being launched at the 2025 FIGO World Congress in Cape Town, South Africa. They are a crucial step in the implementation of the Global Roadmap for Combatting PPH between 2023 and 2030.
The world is smoking less, but the tobacco epidemic is far from over. A new WHO global report shows the number of tobacco users has dropped from 1.38 billion in 2000 to 1.2 billion in 2024. Since 2010, the number of people using tobacco has dropped by 120 million – a 27% drop in relative terms. Yet, tobacco still hooks one in five adults worldwide, fuelling millions of preventable deaths every year.
“Millions of people are stopping, or not taking up, tobacco use thanks to tobacco control efforts by countries around the world,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “In response to this strong progress, the tobacco industry is fighting back with new nicotine products, aggressively targeting young people. Governments must act faster and stronger in implementing proven tobacco control policies.”
For the first time, WHO has estimated global e-cigarette use – and the numbers are alarming: more than 100 million people worldwide are now vaping. This includes:
Adults: at least 86 million users, mostly in high-income countries.
Adolescents: at least 15 million children (13–15 years) already using e-cigarettes. In countries with data, children are on average nine times more likely than adults to vape.
The tobacco industry is introducing an incessant chain of new products and technologies for its aim to market tobacco addiction with not just cigarettes but also e-cigarettes, nicotine pouches, heated tobacco products among others, which all harm people’s health, and more worryingly the health of new generations, youth and adolescents.
“E-cigarettes are fuelling a new wave of nicotine addiction,” said Etienne Krug, WHO Director of Health Determinants, Promotion and Prevention Department. “They are marketed as harm reduction but, in reality, are hooking kids on nicotine earlier and risk undermining decades of progress.”
More women are quitting tobacco than men
While there has been a steady decline in tobacco use for both men and women across all age-groups during 2000–2024, women have been leading the charge to quit tobacco. They hit the global reduction target for 2025 five years early, reaching the 30% milestone back in 2020. Prevalence of tobacco use among women dropped from 11% in 2010 to just 6.6% in 2024, with the number of female tobacco users falling from 277 million in 2010 to 206 million in 2024.
By contrast, men are not expected to reach the goal until 2031. Today, more than four out of five tobacco users worldwide are men, with just under 1 billion men still using tobacco. While prevalence among men has fallen from 41.4% in 2010 to 32.5% in 2024, the pace of change is too slow.
Regional picture
South-East Asia: Once the world’s hotspot, prevalence among men nearly halved – from 70% in 2000 to 37% in 2024. The Region alone accounts for over half of the global decline.
Africa: Prevalence is the lowest of all regions at 9.5% in 2024, and the Region is on track to meet the 30% target. However, because of population growth, the absolute number of tobacco users continues to rise.
Americas: The Region has achieved a 36% relative reduction, with prevalence dropping to 14% in 2024, though some countries still lack sufficient data.
Europe: This is now the highest-prevalence Region globally, with 24.1% of adults using tobacco in 2024, with women in Europe having the highest global prevalence at 17.4%.
Eastern Mediterranean: Prevalence is 18%, with tobacco use continuing to rise in some countries.
Western Pacific: With 22.9% of adults using tobacco in 2024, down from 25.8% in 2010, the progress in this Region is the slowest. While women have low prevalence at 2.5%, men have the highest prevalence of all regions at 43.3%.
Actions needed
WHO is urging governments everywhere to step up tobacco control. This means fully implementing and enforcing the MPOWER package and the WHO Framework Convention on Tobacco Control, closing loopholes that allow the tobacco and nicotine industries to target children, and regulating new nicotine products like e-cigarettes. It also means raising tobacco taxes, banning advertising, and expanding cessation services so that millions more people can quit.
“Nearly 20% of adults people still use tobacco and nicotine products. We cannot let up now,” said Jeremy Farrar, WHO Assistant Director-General for Health Promotion and Disease Prevention and Care. “The world has made gains, but stronger, faster action is the only way to beat the tobacco epidemic.”
Source: WHO
LarryBravo Nwaiwu

Amaka Obiefuna
Vice President Kashim Shettima today commended the investments of Shell in Nigeria as he visited the company’s exhibition stand at the opening of the 31st Nigerian Economic Summit (NES) in Abuja.
The exhibition complements the participation of Shell in the summit and features the operations of Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Shell Nigeria Gas (SNG), All On and Daystar Power.
Vice President Shettima who had earlier declared the summit open on behalf of President Bola Ahmed Tinubu,was briefed on the contributions of the companies to the economic development of Nigeria, especially the energy sector.
Accompanied by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the Minister of Trade and Investment Jumoke Oduwole and the Emir of Kano, Sanusi Lamido Sanusi, Vice President Shettima said he was impressed with the investments of Shell in deep-water including the $5-billion Bonga North development. Work on the project is in progress following the FID which was taken early last year.
Business Value Manager Chidi Nkazi, who conducted the VIPs round the exhibition stand, also highlighted the impact of Shell’s social investments in health, education and employment generation. “Every year our operations generate revenues which are used to finance development,” Chidi said, adding; “In 2024 alone, Shell Companies in Nigeria paid $1.209 billion in taxes and royalties to the Federal Government.”


By Winifred Bosa
The Yemisi Shyllon Museum of Art (YSMA), Pan-Atlantic University, is proud to announce the public unveiling of the second edition of its landmark exhibition, Collecting Now.
Opening on October 11, 2025, the exhibition presents 90 significant works on loan from six distinguished Nigerian collectors – Olufemi Akinsanya, Ifeyinwa Momah, Tayo Odunsi, Nonso Okpala, Bimpe Nkontchou and Yemi Ogunbiyi – offering audiences privileged access to a diverse range of traditional, modern and contemporary art rarely seen outside private collections.
Following the success of its maiden edition in 2024, Collecting Now has become an important platform for highlighting the practice of art collecting in Nigeria and its role in sustaining the country’s cultural and creative economy. Featuring works across painting, sculpture, photography, and mixed media, the exhibition illuminates the interplay between individual taste and collective heritage.
This year’s showcase is particularly notable for spotlighting two women collectors whose perspectives illustrate the multifaceted power of collecting—as a way of living and as an act of advocacy.
“The Collecting Now series reinforces YSMA’s role as a pioneering institution that brings private visions into public spaces,” said Dr. Jess Castellote, Director of the Yemisi Shyllon Museum of Art. “We are not only presenting exceptional works of art but also shaping a critical conversation about collecting as a cultural practice that ensures continuity, strengthens our art ecosystem, and connects Nigeria’s artistic legacy with future generations.”
Reflecting on her participation in the exhibition, one of the featured collectors, Ifeyinwa Momah, shared: “For me, art is everyday living—it fills my spaces, shapes my memories, and inspires how I see the world. This exhibition is deeply meaningful because it allows these personal experiences to be encountered publicly, sparking conversations that affirm the value of art in our daily lives. I am proud to stand alongside fellow collectors in sharing our journeys through this platform at YSMA.”
The exhibition enjoys the continued support of Ark Insurance Brokers, who, for the second time, are sponsoring the insurance of the entirety of works on display.
Their renewed partnership underscores their position as a leading brokerage provider for the arts in Nigeria, with a longstanding commitment to supporting culture and creativity alongside their broader insurance expertise.
“Our partnership with YSMA for Collecting Now reflects our enduring belief that Nigerian art is a national treasure worthy of world-class protection,” remarked Kayode Awogboro, Managing Director of Ark Insurance Group. “As a trusted name in insurance, we take pride in safeguarding collections of immense cultural value, while affirming our commitment to the arts as part of the fabric of society.”
Through this initiative, YSMA affirms its position as a pioneering institution dedicated to advancing cultural scholarship, deepening public access to art, and celebrating the vision of Nigerian collectors as curators and preservers of history and heritage.
The Federal High Court in Abuja has struck out a suit filed by businessman Abubakar Ismaila Isa Funtua, who alleged that his 43 million shares were transferred without his consent to Emerging Markets Telecommunication Services Limited (EMTS), operators of 9mobile.