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Fidelity Bank Advances Sustainable Firefighting Practices With Donation Of Hoses And Water Pumps

 

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.

Shareholders Back Guinea Insurance Plc’s Capital Raise Plan At Extraordinary General Meeting

L–R: Mrs. Chioma Okigbo, Non-Executive Director, Mrs. Ogonna Offor-Orabueze, Executive Director, Technical, Mr. Ademola Abidogun, Managing Director and Chief Executive Officer, Mr. Temitope Borishade, Chairman of the Board of Directors, Mrs. Chinenye Nwankwo, Company Secretary, Mr. Pius Edobor, Executive Director, Finance and Corporate Services

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.

L–R: Mr. Ademola Abidogun, Managing Director and Chief Executive Officer, Mrs. Ogonna Offor-Orabueze, Executive Director, Technical, Mrs. Chioma Okigbo, Non-Executive Director, Mr. Temitope Borishade, Chairman of the Board of Directors, Mrs. Chinenye Nwankwo, Company Secretary, Mr. Pius Edobor, Executive Director, Finance and Corporate Services

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.

L–R: Mr. Ademola Abidogun, Managing Director and Chief Executive Officer, Mr. Temitope Borishade, Chairman of the Board of Directors, Mrs. Chinenye Nwankwo, Company Secretary, Mr. Pius Edobor, Executive Director, Finance and Corporate Services.

“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.

Creative & Branding Icons Award Honours Industry Trailblazers

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.

Alpha Morgan Bank Supports Iganmode Cultural Festival , Celebrates Awori Heritage

By Winifred Bosa
Alpha Morgan Bank was among the major sponsors of the recently held Iganmode Cultural Festival (Odun Omo Iganmode) in Sango-Otta, an event that celebrated the rich cultural heritage, history, and identity of the Awori people of Ota.
The festival, a significant annual cultural gathering in the ancient town of Ota, came alive with a vibrant display of tradition, music, dance, colourful regalia, and performances that reflected the deep-rooted customs of the Awori people.
Following the recent launch of Alpha Morgan Bank’s Sango-Ota branch, the event sponsorship further underscores the Bank’s commitment to supporting local initiatives, preserving culture, and promoting community development in Ota.
The ceremony attracted an impressive lineup of distinguished guests, including former President of Nigeria, His Excellency Chief Olusegun Obasanjo; the Deputy Governor of Ogun State, Engr. (Mrs.) Noimot Salako-Oyedele and the Olota of Ota, His majesty Prof Adeyemi Obalanlege, alongside several other traditional rulers and members of royal households from across Ogun State.
 Their presence further underscored the cultural and historical importance of the festival to the people of the state.
Alpha Morgan Bank’s participation as a major sponsor highlights its commitment to supporting initiatives that strengthen community values and promote Nigeria’s cultural heritage.
 The Bank joined thousands of attendees in celebrating a festival that has continued to serve as a symbol of unity, pride, and continuity for the people of Ota.
The 2025 edition of the Iganmode Festival was widely regarded as a success, leaving participants and guests with lasting impressions of a colourful, well-coordinated celebration that honoured tradition while fostering communal harmony.
Agusto & Co. Assigns Universal Insurance Plc “Bbb-” Ratings With Stable Outlook

 

Agusto & Co. Assigns Universal Insurance Plc "Bbb-" Ratings with Stable  Outlook - Business Today NGAgusto & 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.

Consolidated Hallmark Holdings GCEO Receives NAIPE Award For Impactful Service To Insurance Industry


L-r: Samson Abiodun, Group Chief Internal Auditor, Consolidated Hallmark Holdings Plc; Dotun Adeogun, Managing Director, Hallmark HMO; Eddie A Efekoha, Group CEO, Consolidated Hallmark Holdings Plc; Nkechi Naeche Esezobor, Chairman, Nigerian Association of Insurance and Pension Editors (NAIPE); Babatunde Daramola
Group CFO, Consolidated Hallmark Holdings Plc, and Idechi Amucheazi, Managing Director, Hallmark Finance Company Ltd, during the presentation Mr. Efekoha, ‘NAIPE Award of Appreciation for his Outstanding contribution to the Insurance and Pension sectors as well as the Nigerian Media industry’ in Lagos on Monday 15/12/2025.
The Group Chief Executive Officer (GCEO) of Consolidated Hallmark Holdings (CHH) Plc, Mr. Eddie Efekoha, has been honoured with a prestigious award by the Nigerian Association of Insurance and Pension Editors (NAIPE) in recognition of his outstanding contributions to the insurance industry.
The award plaque was handed over to him by NAIPE Team at his company’s head office in Obanikoro, Lagos recently, took place recently and Efekoha was commended for his tireless efforts in promoting peace and harmonious relationships among various groups in the industry, including the media.
In his remarks, Efekoha expressed gratitude to NAIPE for the recognition, stating that, it was a testament to the hard work and dedication of his team at Consolidated Hallmark Holdings. He emphasised the importance of occassional compromise and sacrifice in creating a sane industry, and reiterated his commitment to supporting the growth and development of insurance sector.
The Chairperson of NAIPE, Mrs. Nkechi Naeche-Esezobor, praised Efekoha’s achievement, saying that, his support and partnership with the media had been invaluable. “His contributions have encouraged us to continue supporting the industry while maintaining ethical reporting,” she said.
Efekoha’s award is a testament to his impressive track record in the industry. As the former President of the Chartered Insurance Institute of Nigeria (CIIN) and former Chairman of the Nigerian Insurers Association (NIA), he has played a significant role in shaping the industry’s landscape.
Under his leadership, Consolidated Hallmark Holdings has grown from scratch to become a holding structure with about four subsidiaries. His leadership roles in bringing insurance journalists under one platform (NAIPE) during the earlier crisis where some aggrieved members pulled out and created a new group, as well as piloting the company to success have not gone unnoticed.
The Chairman of the 2025 NAIPE Annual Conference, Mr. Roland Okoro, highlighted Efekoha’s achievements, saying that he had demonstrated exceptional leadership and a commitment to the growth of the industry.
The award is a well-deserved recognition of Efekoha’s contributions to the insurance industry, and it is expected to inspire him to continue making a positive impact in the sector.
Qualcomm Celebrates Third Year Of Make In Africa Startup Mentorship Program

Unveils 2025 Wireless Reach Social Impact Fund winner 
 Qualcomm Technologies Inc. has announced the successful completion of its third annual Make in Africa (QMIA) Startup Mentorship Program, marked by the virtual Make in Africa Finale 2025.
 The initiative underscores Qualcomm’s long-term commitment to fostering Africa’s vibrant innovation ecosystem through the broader Qualcomm Africa Innovation Platform.
Highlights:
The 2025 Qualcomm Make in Africa program supported ten innovative startups from Kenya, Tunisia, Nigeria, Benin and Senegal, each addressing local challenges by developing tech-enabled solutions across critical sectors such as healthcare, sustainable agriculture, climate resilience and mobility.
This year, the program attracted more than 400 applications from 19 countries, showcasing remarkable talent across the continent.
Farmer Lifeline, of Kenya, was announced as the 2025 Wireless Reach Social Impact Fund winner, recognizing its impactful use of wireless technology.
Applications for Qualcomm Make in Africa 2026 are now open. Applicants can visit the Qualcomm website to apply.
As a flagship initiative of Qualcomm, the equity-free program shines a spotlight on the creativity and drive of African founders leveraging advanced technologies such as AI, 4G/5G, robotics, connectivity and IoT to address pressing real-world challenges.
Now in its third year, the program remains steadfast in its mission to accelerate early-stage technology startups by providing tailored mentorship, targeted business coaching, expert engineering consultation and comprehensive intellectual property protection guidance – exemplified by resources such as Qualcomm’s L2Pro Africa training.
This holistic support empowers founders to transform their visionary ideas into sustainable, market-ready solutions.
“This year’s cohort has demonstrated incredible ingenuity, transforming complex challenges into scalable, tech-driven solutions that will drive social and economic impact across the continent,” said Elizabeth Migwalla, Vice President International Government Affairs, Qualcomm Incorporated.
“Innovation is the driving force behind Africa’s future, and this year’s startups are a brilliant demonstration of that. The African Telecommunications Union (ATU) is proud to partner with Qualcomm for the Make in Africa 2025 program,” said John Omo, Secretary General of the ATU. “We are working to harmonize spectrum management policies, regional standards, and open data practices, but we know that true progress relies on large-scale support. That’s why we call on governments, universities, investors, and industry to support these initiatives – and any endeavor that places African ingenuity at the forefront.”
The 2025 cohort includes the following groundbreaking startups:
Aframend (Nigeria): Uses AI to explore African medicinal plants for new drug discovery and aims to turn local remedies into safe, affordable treatments for diseases.
AmalXR (Tunisia): Offers AI-powered virtual rehabilitation sessions on everyday devices, enabling easy patient and clinician progress tracking.
Archeos (Benin): Automates fish farming with solar-powered sensors and feeders, providing real-time data on water quality and feeding levels for improved fish health.
ClimatrixAI (Nigeria): Installs connected weather and flood stations with an AI platform to forecast street-by-street risk, enhancing early warnings and disaster response for local communities.
Ecobees (Tunisia): Builds smart hive monitors and a digital platform for real-time insights into beehive-health, to protect bees and crops that depend on them.
Edulytics (Senegal): Applies AI on handheld ultrasound devices for early detection of liver disease, aiming to make this special screening widely accessible.
Farmer Lifeline (Kenya): Deploys small, solar-powered devices that scan fields for pests and diseases and send alerts straight to farmers’ phones to protect crops.
Pollen Patrollers (Kenya): A women-led agritech startup using connected hive technology and AI to keep bee colonies healthy.
Solar Freeze (Kenya): Provides solar-powered cold rooms with remote monitoring enabling farmers to keep fruits and vegetables fresh and increase earnings.
Pixii Motors (Tunisia): Designs electric scooters with smart batteries that can be swapped in and out at local stations, aiming to revolutionize urban mobility.
Wireless Reach Social Impact Fund Winner
Kenyan innovator, Farmer Lifeline, was announced as the winner of the 2025 Wireless Reach Social Impact Fund. The fund, sponsored by Qualcomm® Wireless Reach™ Initiative, champions the innovative use of wireless connectivity to address pressing community.
As the winner, Farmer Lifeline will receive dedicated funding and tailored technical support to scale its groundbreaking solution.
“Farmer Lifeline stood out with its innovative small solar-powered devices that scan fields to detect pests and diseases. This technology enables local farmers to effectively protect their crops, significantly increase yields, and improve food security”, stated Erica Ciaraldi, Vice President, Wireless Reach, Qualcomm Incorporated.
 “Their visionary approach and dedication to agricultural resilience have positioned them as leaders in their field. They are driving meaningful change for smallholder farmers and inspiring others across the continent. This fund will empower them to scale their impact further, enabling broader reach and deeper influence across Africa and the world.”
In recognition of the groundbreaking innovations demonstrated by all finalists, each will receive stipends designed to accelerate their growth, support strategic development and safeguard their intellectual property.
 This comprehensive support underscores Qualcomm’s commitment to fostering innovation and ensuring these visionary projects can thrive sustainably.
Looking ahead: Launch of Qualcomm Make in Africa Startup Mentorship Program 2026
Building on the significant success of previous years, Qualcomm is excited to launch the fourth year of the program in 2026.
Applications for the 2026 Qualcomm Make in Africa cohort can be found at the Qualcomm website.
EU , UNICEF Strengthen Lifesaving Nutrition Response For Children In Northeast And Northwest Nigeria

EU, UNICEF Strengthen Lifesaving Nutrition Response for Nigerian Children -  Voice of Nigeria Broadcasting ServiceBy Winifred Bosa

The European Union (EU) and UNICEF have reaffirmed their commitment to protecting vulnerable children and families in Northeast and Northwest Nigeria through strong nutrition sector coordination and delivery of lifesaving supplies.

With support from EU Humanitarian Aid, UNICEF has maintained stable pipelines of ready-to-use therapeutic food (RUTF) and therapeutic milk, reaching thousands of children suffering from severe acute malnutrition (SAM). In 2025 alone, with EU support, over 20,000 children under five in the Northeast and 14,000 in the Northwest have received treatment, helping them recover and grow. The quality of treatment programs for severely malnourished children in both regions continues to exceed international SPHERE standards, with cure rates above 90% and minimal default and mortality rates.

“Our partnership with UNICEF shows the European Union’s commitment to saving innocent lives and supporting families affected by crisis in northern Nigeria. Together, we are making sure that no child is left behind in the fight against malnutrition,” said Alexandre Castellano, Head of EU Humanitarian Aid operations in Nigeria.

“Every child deserves a chance to survive and grow. Thanks to the EU’s humanitarian support, UNICEF can deliver lifesaving nutrition to the hardest-to-reach children, even in the most challenging circumstances. We call on all partners to join us in supporting national efforts and in building a better future for every child in Nigeria,” said Ms. Wafaa Saeed Abdelatef, UNICEF Representative in Nigeria.

The joint action, funded by a EUR 3.5 million grant from the EU, covers the Borno, Adamawa, and Yobe states in the Northeast and Sokoto, Katsina, and Zamfara in the Northwest. The program targets infants, children under five, pregnant and lactating women, and persons with disabilities to ensure no one is left behind. It is implemented in close collaboration with the government at both federal and state levels.

Key achievements so far include:

Procurement and distribution of over 60,000 cartons of RUTF; active case finding and referral for children with Severe Acute Malnutrition (SAM) are ongoing, with over 750,000 admissions supported by UNICEF and partners in 2025.
The implementation of nutrition surveillance and SMART surveys across nine states has provided crucial data to guide the humanitarian response.
Strong sector coordination, with performance monitoring and collaboration among government, humanitarian partners, and local communities.

The European Union and UNICEF call on all partners to continue supporting efforts to end child malnutrition and build a better future for every child in Nigeria.

Fire Hits FIRS Abuja Office,  Investigation As To The Cause Begins

An early morning fire swept through a Federal Inland Revenue Service (FIRS) office in Abuja on Saturday, December 20, 2025, triggering a swift emergency response that successfully prevented a wider disaster.

The incident occurred at the FIRS facility located at No. 15 Sokode Crescent, Wuse Zone 5, where flames broke out on the fourth floor of the building.

According to a statement issued by Sikiru Akinola, Technical Assistant (Print Media) to the Executive Chairman of FIRS, the fire was quickly detected and initially tackled by security personnel on duty.

Their prompt action, reinforced by the rapid intervention of the Federal Capital Territory (FCT) Fire Service and other emergency responders, ensured that the blaze was brought under control before it could spread to other parts of the building.

Authorities confirmed that no lives were lost in the incident, though several offices on the affected floor sustained damage. Investigations into the cause of the fire have already begun, with preliminary findings suggesting a possible electrical fault.

Meanwhile, the Service has commenced a comprehensive review of its internal safety measures, with assurances that protocols will be strengthened to prevent similar incidents in the future.

Lagride Secures $100 Million UBA Facility , Expands Ev Charging Infrastructure

Chief Diana Chen addressing a cross section of Lagride Captain, the UBA Management team, Senior Leadership of Lagride and the press.

By Winifred Bosa

Lagride has secured a 100 million dollar financing facility from United Bank for Africa to expand its Drive To Own programme and enable 3,500 Lagos drivers to transition from daily earners into long-term asset owners, business operators and mobility investors.

The partnership strengthens Lagos State’s transportation ecosystem and accelerates the shift toward a structured, technology-enabled and financially bankable mobility sector.

Over the past 10 months, Lagride has rebuilt its entire onboarding and operational system for drivers, known as Lagride Captains. The platform introduced a performance-led Drive To Earn structure supported by weekly and monthly rental models. This system has generated consistent 90-day usage and repayment data across the fleet, allowing United Bank for Africa and other financial institutions to assess driver performance with accuracy, confidence and transparency.

Chief Diana Chen, Chairman of Lagride and Oliver Alawuba, GMD/CEO of UBA take pictures with the cars and captains at the $100m signing event.

Eligibility for the Drive To Own programme is based on clearly defined performance thresholds, repayment discipline, safety compliance and service consistency. Through this approach, Lagride has emerged as the most structured, data-driven and credit-ready mobility platform in Nigeria, setting a new benchmark for bankable driver financing and asset ownership.

“Transportation is the backbone of Africa’s economic future, and platforms like Lagride are creating the blueprint for how African cities can build modern, technology-driven and people-centred mobility systems.”

EV Infrastructure Expansion
As part of the milestone, Lagride also unveiled an expanded electric vehicle charging facility in Alausa, Lagos, reinforcing its long-term commitment to clean, future-ready mobility. The expanded infrastructure is designed to support the growing electric vehicle segment within Lagride’s fleet, reduce operational downtime and enable more efficient, sustainable transportation at scale. By pairing driver financing with practical EV infrastructure, Lagride is positioning itself as a mobility platform built not just for today’s Lagos, but for the next generation of urban transport.

Chairman’s Vision: From Drivers to Investors
Speaking on the landmark partnership, Chief Diana Chen, Chairman, Lagride, stated that the ultimate goal of the Drive To Own programme is not to keep drivers behind the wheel indefinitely, but to move them up the economic value chain.

She explained that Lagride is intentionally designed to help drivers evolve from operators into owners, and ultimately into investors and partners managing multiple vehicles and teams of people.

“Lagride was created to give Lagos a modern, disciplined and technology-driven mobility system while ensuring that drivers are not left behind. The goal is for drivers who we call Captains to become business owners, fleet partners and mobility investors, not just drivers. This 100 million dollar partnership with United Bank for Africa moves thousands of captains closer to owning productive assets, managing multiple cars and building stronger financial futures. It is a major step forward in our commitment to driver prosperity and the future of smart mobility in Lagos.”

She noted that the Drive To Own programme is a starting point, not an endpoint, laying the foundation for long-term enterprise building, governance and scalable wealth creation within the mobility sector.

UBA’s Perspective
Delivering remarks at the event, Oliver Alawuba, Group Managing Director and CEO, United Bank for Africa, shared a personal reflection on his father, who had been a professional driver. He spoke about transportation as a source of dignity, livelihood and social mobility, and why UBA considers the sector critical to inclusive economic growth.

He also recounted his reaction when Chief Diana Chen first shared the Lagride vision, describing it as clear, ambitious and strongly aligned with UBA’s commitment to financing real-sector projects that create jobs, build assets and deliver long-term economic impact.

According to him, Lagride represents the kind of transformational, well-governed and data-backed initiative that UBA exists to support across Africa.

Event Speakers and Signatories
The event featured contributions from key stakeholders across Lagride, UBA and CIG Motors Group, including:

Chief Diana Chen, Chairman, Lagride
Ademola Adeyemi, Lagride Academy and Driver Management Team Lead
Dorathy Akpan Etim,  Lagride Captain on the Drive To Own Scheme with UBA
Brigadier General Chukwuemeka Udaya, Special Adviser to the Chairman on Government Relations, who signed on behalf of CIG Motors
Ifeanyi Abraham, PR Director, Lagride, who hosted the event
Other Dignitaries in Attendance
Also present were senior executives and leaders from UBA, Lagride and CIG Motors Group, including:

Wei Bin, Chief Operations Officer, Lagride
Babatunde Ajayi, Head of SME Banking
Alero Ladipo, Group Head, Marketing and Corporate Communications
Olufemi Osobajo, Head of Segments and Channels Marketing
Olufemi Bamigbetan, Head, REDTV
Ramon Nasir, Head of Media Relations
Abiodun Coker, Media Relations
Adetola Adeduwon, Head of Events

From CIG:
Eniola Olutimehin, Chief Operating Officer, CIG Motors
Dr Ram, Chief Financial Officer, CIG
Mrs Manyo Pam, General Manager, Operations, CIG
Mr Martin, Managing Director, Gree
Mr Roamen, Managing Director, Lontor

The partnership underscores a shared commitment by Lagride, United Bank for Africa and CIG Motors Group to build a disciplined, scalable and investor-ready mobility ecosystem where drivers can grow into business leaders, asset owners and long-term partners in Lagos’ transportation future.