CP Urges Collective Security Efforts in Anambra State



LarryBravo Nwaiwu
…New excos take oath of office amidst funfair
Amaka Obiefuna
Fidelity Bank Plc has reinforced its commitment to community safety and sustainable ecological practices through the donation of essential firefighting and preventive equipment including hoses and gasoline water pumps to the Ikoyi Fire Service Station in Lagos.
The donation was made under the Fidelity Helping Hands Program (FHHP) by the True Serve team, reaffirming the Bank’s commitment to the environment and community safety. Through the FHHP, members of staff identify areas of critical community needs, raise funds, and then receive matching monetary support from the bank to execute the projects.
Commenting on the reason behind the donation, Divisional Head, Brand and Communications Division, Fidelity Bank Plc, Dr Meksley Nwagboh, emphasized that the donation reflects the bank’s dedication to strengthening emergency response capabilities and promoting public safety within the communities it serves.
According to him, “Fidelity Bank remains committed to supporting initiatives that contribute to the protection of our environment, lives and property. We see community safety as a shared responsibility and continuously extend support to both corporate bodies and individuals.”
Dr Nwagboh further noted that, “We believe that preventive measures are far more effective than reactionary responses. This donation is part of our efforts to drive sustainable practices by providing the necessary tools. Our goal is to ensure that people live meaningful, safe, and empowered lives.”
In her comments, Lagos State Controller, Federal Fire Service and Controller of Fire (CF), Funke Adebayo commended Fidelity Bank for the timely support, while cautioning residents to exercise heightened vigilance during the festive period, especially with the dry weather conditions.
“We appreciate Fidelity Bank for this timely donation. We are in a harsh weather period where fire incidents can escalate quickly. Parents must educate and caution children against the use of fireworks during celebrations. Fire should never be treated carelessly,” Adebayo said.
She noted that the Fire Service has embarked on sensitization visits to various corporate organizations, warning against unsafe practices that could lead to preventable fire outbreaks.
On his part, Area Commander, Onikan Fire Station and Chief Superintendent of Fire (CSF)Oswere Michael expressed appreciation to Fidelity Bank for supporting their operations. He encouraged families, business owners, and community members to prioritize fire safety at all times.
“Everyone has a role to play in preventing fire incidents at home and in the workplace. This support from Fidelity Bank will go a long way in enhancing our capacity to protect the community,” CSF Oswere added.
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 a 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.

Guinea Insurance Plc has reached a significant milestone in its transformation journey, as shareholders approved the Board’s capital raise plan at a recent Extraordinary General Meeting held virtually in Lagos.
The meeting, conducted in full compliance with the Business Facilitation (Miscellaneous Provisions) Act 2022 and the Companies and Allied Matters Act (CAMA) 2020, saw strong participation from shareholders, regulators, and key stakeholders, reflecting broad confidence in the company’s strategic direction.
Following resolutions passed at its Extraordinary General Meeting (EGM), Guinea Insurance Plc is advancing a comprehensive recapitalisation programme designed to strengthen its financial foundation and position the Company for sustainable growth.
Shareholders approved the increase of the Company’s minimum issued share capital from ₦4.0 billion (8 billion ordinary shares of 50 kobo each) to ₦19.0 billion (38 billion ordinary shares of 50 kobo each), alongside a plan to raise up to ₦15.0 billion in additional equity through a combination of Rights Issue and Private Placement.

This follows the receipt of a No-Objection approval from the National Insurance Commission (NAICOM), reflecting regulatory confidence in the Board’s strategy and providing a clear pathway to reinforce the Company’s capital base.
Beyond balance sheet strength, the expanded capital structure is deliberately designed to provide the financial headroom required to stimulate targeted investments in technology, data driven underwriting, digital distribution and service automation.
These investments will support operational efficiency, faster turnaround times and more personalised customer engagement, reinforcing the Company’s ability to deliver consistent and rewarding experiences across all stakeholder touchpoints.
Speaking at the Extraordinary General Meeting, the Chairman of the Board, Mr. Temitope Borishade, described the shareholders’ approval of the recapitalisation plan as a pivotal milestone in Guinea Insurance Plc’s transformation journey.
He emphasised that the capital raise would strengthen the Company’s balance sheet, restore its statutory capital position, enhance underwriting capacity, and support long-term strategic growth initiatives.

“The overwhelming support of our shareholders reflects their confidence in the Board and Management’s strategy to rebuild Guinea Insurance Plc into a stronger, more resilient, and more competitive insurer,” Mr. Borishade said. “This recapitalisation plan is not only a regulatory requirement but also a strategic opportunity to create sustainable value for all our stakeholders.”
The Board further reaffirmed its commitment to transparency, robust governance, and the prudent deployment of the capital to be raised, working closely with regulators and professional advisers.
This initiative underscores a strategic dedication to building a resilient, forward-looking insurer capable of meeting the expectations of policyholders, investors, regulators, and partners, while supporting broader economic activity and delivering sustainable returns to shareholders.
Following the successful approval of all resolutions, the Company will now proceed with the required regulatory filings and implementation steps to execute the Rights Issue and Private Placement.

With the industry navigating rapid change and evolving consumer expectations, the Vice President, Strategy and Innovation at Chain Reactions Africa, Mr. Franklin Ozekhome, urged brand leaders to embrace purpose, adaptability, and consistency as the pillars for building brands that stand the test of time.
Ozekhome, delivered a thought-provoking keynote address at the Creative and Branding Icons Awards (CBIA), organized by Marketing Space Magazine, tagged: ‘Unveiling greatness: Celebrating the 2025 creative & branding icons, held in Lagos, challenged industry leaders, practitioners and creatives to rethink how brands are built in a rapidly transforming world.
His central message was clear and compelling: iconic brands are not created by budgets, awards or fleeting visibility, but by time, meaning and consistency.
Opening his address, Mr. Franklin framed the conversation around one powerful lens, time, titled: “Beyond creativity: building timeless brands in a transforming world.”
In an industry driven by deadlines, campaign calendars, quarterly results and real-time trends, he reminded the audience that time remains the ultimate judge of relevance and impact.
While thousands of campaigns are launched every year, only a handful endure. Likewise, countless brands enter the market, but only a few evolve into symbols that live across generations.
“What truly makes something iconic?” he asked.
“Is it creativity, visibility, awards, money or followers?” According to him, the answer lies deeper. An icon is not the result of a single campaign or viral moment, nor is it merely a success story. Icons are built by three enduring forces: meaning, memory and momentum.
Ozekhome explained that iconic brands stand for something larger than themselves.
They live in people’s memories, not just their awareness, and they retain relevance even as culture, technology and society evolve. This, he said, applies not only to brands, but also to people, movements, cities and nations.
Reflecting on Nigeria’s advertising and marketing ecosystem, he noted how certain names, colours, slogans, sounds and rituals instantly come alive in collective memory. This is no accident, he emphasized, but the product of time and consistent meaning.
He challenged the audience to look beyond surface visibility and ask deeper questions about who the real icons in the industry are, the brands on billboards, or the people and teams who quietly reshape thinking, language and culture.
While visibility is often celebrated, Ozekhome argued that true icons are those who change how people think, decide, feel and live.
They include strategists who redefine how categories understand consumers, creative leaders who shape the language of a generation, brands that alter self-perception, and movements that shift societal conversations.
This, he said, is why platforms like the Creative and Branding Icons Awards matter. Beyond ceremony, they serve as a mirror for the industry, prompting honest reflection on impact and legacy.
Tracing the evolution of Nigeria’s creative and marketing landscape over the past two decades, Mr. Franklin described a dramatic transformation.
From the rise of mobile phones and social media to the explosion of user-generated content, shrinking attention spans and the early influence of artificial intelligence, the industry has moved into an era where creativity alone is no longer sufficient.
Consumer expectations have changed. Trust has evolved. A catchy slogan or one-off stunt is no longer enough.
According to Ozekhome, this reality makes the theme “Beyond Creativity: Building Timeless Brands in a Transforming World” especially relevant.
He clarified that going beyond creativity does not diminish its importance. Creativity remains the spark, but it must operate within a broader system of culture, experience, behavior and long-term value.
Timeless brands, he noted, are not those that remain static, but those that preserve their essence while adapting their expression across generations.
Drawing on global and local examples, he illustrated how iconic brands build meaning and memory over time. These brands do not chase every trend; instead, they innovate from the inside out, staying true to their core while evolving with culture.
From this foundation, Ozekhome, outlined what he described as the seven laws of iconic brands, emphasizing belief systems, cultural openness, memory structures, community building, depth of meaning and intentional innovation.
Across industries and geographies, he said, these principles consistently define brands that endure.
For brands, his message was firm: iconic status cannot be bought or rushed. It requires insight, cultural alignment and disciplined execution over time. For agencies, the moment demands a shift from content production to cultural architecture — helping brands build systems of meaning that last.
Addressing practitioners directly, Ozekhome highlighted that beyond technical skill, what truly sets professionals apart is their point of view — the ability to read culture, understand human behavior and translate insight into action.
Looking ahead to the next 10 to 20 years, he identified accelerating cultural change, deeper integration of technology, fragmented trust and increased pressure on time as defining forces.
In this environment, timeless brands will be those that respect heritage while designing for the future, maintaining a strong center while remaining flexible at the edges.
He call for a fundamental shift in mindset — from campaign thinking to continuum thinking, from short-term visibility to long-term value. Brands, he said, must earn the right to endure by telling the truth, respecting consumers and contributing meaningfully to culture.
Describing his keynote as more than a speech, Ozekhome framed it as a manifesto for the future of Nigeria’s creative and branding industry. “Icons are not accidents,” he said.
“They are the result of intention plus time.”
As the audience rose in applause, his final charge resonated strongly: build brands worthy of time, create stories that future generations will recognize, and do work that not only wins the awards, but also earns the respect of time.
In her remarks, the Chief Executive Officer, Marketing Space Magazine, Lukman Ishau, said the event marked a deliberate shift from celebrating brands alone to recognising the individuals whose creativity, strategy, and innovation give life to those brands.
He described the award as a platform created to honour the creatives, strategists, innovators, and brand custodians who work behind the scenes to shape enduring narratives and influence culture.
He emphasised that the initiative represents more than an award ceremony, describing it as a declaration of purpose and a commitment to elevating excellence within the industry.
The occasion also marked a significant milestone for Marketing Space Magazine, reaffirming its longstanding dedication to strengthening the marketing communications ecosystem through industry-focused initiatives beyond reportage.
The ceremony concluded on a reflective note with a tribute to the late Mr. John Tolupe Ajayi, Publisher of Marketing Edge, whose mentorship and contributions to brand journalism were acknowledged. The event ended with a call for continued collaboration in nurturing a vibrant, innovative, and future-ready creative and branding industry in Nigeria.




Agusto & Co. has assigned a “Bbb-” long-term rating to Universal Insurance Plc, reflecting the company’s long operating history, improved profitability, low loss ratio, moderate liquidity position and effective deployment of digital initiatives.
The rating agency noted that Universal Insurance ability to maintain a solvency margin of 184.9 per cent, well above Agusto & Co.’s minimum threshold of 100 per cent, indicates a strong capacity to support its underwriting activities.
The strong growth according to Agusto was driven by initiatives aimed at deepening relationships with customers and insurance brokers, alongside improvements in customer experience through digital platforms.
It noted that as at 31 December 2024, Universal Insurance’s shareholders’ funds stood at N13.2 billion, representing a 27 per cent year-on-year increase, supported by full profit retention.
The company maintained a sound insurance revenue of N13.8 billion, representing a 71.9 per cent increase from the prior year.
The company’s reinsurance arrangements were tested in 2024 amid a spike in claims from the oil and gas segment. Gross claims more than doubled to N3.6 billion, but reinsurance recoveries reduced net claims by 48 per cent to N2.3 billion. As a result, the average loss ratio improved by 220 basis points to 14.7 per cent, significantly better than the 33.1 per cent industry average.
It noted that the company’s investment portfolio grew by 14.5 per cent to N10.5 billion at the end of 2024.
Operating cash flow strengthened significantly in 2024, rising 98.4 per cent to N3.1 billion, supported by higher premium collections and reinsurance recoveries. This covered liabilities for incurred claims 1.5 times, outperforming the industry average. However, liquidity metrics remained broadly stable due to an increase in estimated claims liabilities.
Improved underwriting performance and favourable portfolio valuations helped drive profit before tax to N2.1 billion, up sharply from N526.7 million in 2023. Pre-tax return on assets and equity improved to 11.4 per cent and 17.4 per cent, respectively, although both remained below industry averages. Claims payments in early 2025 moderated performance, but expected reinsurance recoveries are projected to support a rebound in profitability for the full year.
Based on these factors, Agusto & Co. assigned a stable outlook to Universal Insurance Plc’s ratings, reflecting expectations that improved underwriting discipline, successful capital raising and enhanced digital capabilities will support the company’s financial profile over the medium term.
Commenting, Dr. Jeff Duru, Managing Director/ CEO of Universal Insurance Plc, said “We acknowledge the recent “Bbb-” credit rating assigned to our company. It is indeed a reflection of hard work and the current macroeconomic environment and the ongoing investments we are making to support long-term growth and resilience.
“We are fully focused on strengthening our balance sheet, improving operating efficiency, and executing initiatives that we believe will enhance the metrics of our credit standing over time. Management remains committed to maintaining transparent communication with our stakeholders and to delivering sustainable value for shareholders including customers and employees.”
About Universal Insurance Plc
Universal Insurance Plc was established in 1961 by the then Eastern Nigeria Government as an agent of Pearl Assurance Company of London.
The Insurer has evolved into a non-life risk underwriter with
1 6 branches operating across all geopolitical zones of Nigeria.
Universal Insurance Plc is fully computerized to drive excellence in service delivery, Customer – oriented products, and a prime company that is poised to be a giant in risk bearing.
