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Inaction On Climate Change Takes Millions Of Lives, Says Lancet Countdown

Lancet Countdown 2023 Report reveals the human cost of climate inaction |  LSHTMBy Winifred Bosa

WHO and global partners are calling for the protection of people’s health to be recognized as the most powerful driver of climate action, as a new global report released today warns that continued overreliance on fossil fuels and failure to adapt to a heating world are already having a devastating toll on human health.

According to a press release by WHO , the 2025 report of the Lancet Countdown on Health and Climate Change, produced in collaboration with the World Health Organization (WHO), finds that 12 of 20 key indicators tracking health threats have reached record levels, showing how climate inaction is costing lives, straining health systems, and undermining economies.

“The climate crisis is a health crisis. Every fraction of a degree of warming costs lives and livelihoods,” said Dr Jeremy Farrar, Assistant Director-General for Health Promotion and Disease Prevention and Care at the World Health Organization. “This report, produced with WHO as a strategic partner, makes clear that climate inaction is killing people now in all countries.  However, climate action is also the greatest health opportunity of our time. Cleaner air, healthier diets, and resilient health systems can save millions of lives now and protect current and future generations.”

Key findings from the 2025 Lancet Countdown report

•              Rising heat-related deaths: The rate of heat-related mortality has increased 23% since the 1990s, pushing total heat-related deaths to an average 546 000 deaths per year. The average person was exposed to 16 days of dangerous heat in 2024 that would not have been expected without climate change, with infants and older adults facing a total of over 20 heatwave days per person, a fourfold increase over the last twenty years.

•              Wildfire and drought impacts: Droughts and heatwaves were associated with an additional 124 million people facing moderate or severe food insecurity in 2023.

•              Economic strain: Heat exposure caused 640 billion potential labour hours to be lost in 2024, with productivity losses equivalent to US$ 1.09 trillion. The costs of heat-related deaths among older adults reached US$ 261 billion.

•              Fossil fuel subsidies dwarf climate finance: Governments spent US$ 956 billion on net fossil fuel subsidies in 2023, more than triple the annual amount pledged to support climate-vulnerable countries. Fifteen countries spent more subsidizing fossil fuels than on their entire national health budgets.

•              Benefits of climate action: There were an estimated 160 000 premature deaths avoided every year between 2010 and 2022, from reduced coal-derived outdoor air pollution alone. Renewable energy generation reached a record 12% of global electricity, creating 16 million jobs worldwide. Two-thirds of medical students received education in climate and health in 2024.

“We already have the solutions at hand to avoid a climate catastrophe – and communities and local governments around the world are proving that progress is possible. From clean energy growth to city adaptation, action is underway and delivering real health benefits – but we must keep up the momentum,” said Dr Marina Romanello, Executive Director of the Lancet Countdown at University College London. “Rapidly phasing out fossil fuels in favour of clean renewable energy and efficient energy use remains the most powerful lever to slow climate change and protect lives. At the same time, shifting to healthier, climate-friendly diets and more sustainable agricultural systems would massively cut pollution, greenhouse gases and deforestation, potentially saving over ten million lives a year.”

Health-promoting climate action

While some governments have slowed their climate commitments, the report shows that cities, communities and the health sector are leading the way. Nearly all reporting cities (834 of 858) have completed or plan to complete climate risk assessments. The energy transition is delivering cleaner air, healthier jobs, measurable economic growth and inward investment.

The health sector itself has shown impressive climate leadership, with health-related greenhouse gases (GHG) emissions falling 16% globally between 2021 and 2022, while improving care quality.

Data submitted by WHO show that a growing number of health systems are assessing risks and preparing for the dangerous future that’s coming. Fifty-eight% of Member States have completed a health Vulnerability and Adaptation assessment and 60% have completed a Health National Adaptation Plan.

Looking ahead to COP30: placing health at the centre of climate action

As the world prepares for COP30 in Belém, Brazil, the findings of the 2025 Global Report of the Lancet Countdown provide a key evidence base for accelerating health-centered climate action. WHO will build on this momentum through the forthcoming COP30 Special Report on Climate Change and Health, a collaborative effort highlighting the policies and investments needed to protect health, equity, and deliver the Belém Action Plan that is the expected landmark outcome of COP30.

The Lancet Countdown on Health and Climate Change was established in partnership with Wellcome, which continues to provide core financial support. The Lancet Countdown is led by University College London, in partnership with WHO and 71 academic institutions and UN agencies worldwide. Now in its ninth year, the report provides the most comprehensive assessment of the health impacts of climate change and the co-benefits of urgent action, ahead of COP30 in Brazil.

Airtel Africa Foundation Partners With ITU, RISA & Cisco To Boost Digital Skills Development In Rwanda

Airtel Africa Foundation has partnered on a Joint Initiative with the International Telecommunication Union (ITU), Rwanda Information Society Authority (RISA) and Cisco on capacity and digital skills development, under the Digital Transformation Centres (DTC) Initiative.
This partnership aims to bridge the digital divide and promote digital inclusion by providing free Internet connectivity and digital skills training to underserved communities in Rwanda, in connection with the advancement of the 2030 Agenda for Sustainable Development.
ITU will provide digital skills training content to the DTCs under the Initiative along with other ITU regional capacity development activities.  In addition, ITU will facilitate networking opportunities related to promoting digital literacy and inclusion, which will enable access to expertise and best practices.
Speaking to the press, Mr. Sujay Chakrabarti, Airtel Rwanda Managing Director said “Today’s partnership between the Airtel Africa Foundation, ITU, RISA, and Cisco marks a significant step forward in bridging the digital divide and empowering Rwandan youth with digital skills.
This partnership is a powerful example of what happens when government, private sector, and international organizations come together to empower communities”.
The Airtel Africa Foundation, through Airtel Rwanda, will equip DTC locations with routers, Wi-Fi and data packages at no cost, ensuring the effective rollout of training and access to digital educational platforms.
The landmark partnership aligns with Rwanda’s ambition to become a knowledge-based economy and complements national programmes such as ‘Connect Rwanda’ that promote access to smartphones and digital services for underserved communities.
“This partnership reflects our commitment to supporting national development goals and closing the digital divide through meaningful collaboration,” said Ms. Esi Asare Prah, Head of Programs at Airtel Africa Foundation on behalf of Dr Segun Ogunsaya, Chair of the Airtel Africa Foundation. “We are honoured to partner with ITU to bring this vision to life and contribute to Rwanda’s journey toward becoming a digitally empowered society” she added.
“Our partnership with Airtel Africa Foundation begins in Rwanda, where we are joining forces to strengthen digital skills in underserved communities to advance connectivity. This initiative lays the groundwork for broader regional collaboration, as we aim to expand this work to other Digital Transformation Centres across Africa,’’ said Dr Emmanuel Mannaseh, Regional Director for International Telecommunication Union (ITU).
Mr. Antoine Sebera, CEO of Rwanda Information Society Authority (RISA) said “What we are seeing here today is partnership in action. Statistics show that 900 million people in Africa remain unconnected, extra effort needs to be made to make sure that no one is left behind.
This positions Rwanda a step ahead by being intentional to involve the youth. These centres are going to play a transformative role in educating the youth to leverage AI. Digital Transformation is driving the world and Africa or Rwanda can not be left behind.
Fidelity Bank Hails Air Peace On Maiden Heathrow Flight

 

 

Leading financial institution, Fidelity Bank Plc, has commended Air Peace for its historic inaugural direct flight from Abuja to London Heathrow, describing the milestone as a bold testament to Nigerian excellence in global aviation.

 

The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe,OON in a statement issued following the launch, praised Air Peace for its resilience and vision. The MD noted that the airline’s expansion into the prestigious Heathrow route reflects the strength of indigenous enterprise and the growing confidence in Nigeria’s aviation sector.

 

“We warmly congratulate Air Peace on the launch of its direct flights between Abuja and London Heathrow. This remarkable achievement marks another significant milestone in Air Peace’s journey and reflects its unwavering commitment to advancing the Nigerian aviation industry.

 

“Fidelity Bank is honoured to have been a trusted partner to Air Peace since it began operations 11 years ago. Our relationship has been built on shared values, strategic collaboration and a deep commitment to national progress. Today’s success is not only a triumph for Air Peace, it is a proud moment for Nigeria.

 

“We celebrate the Chairman and CEO of Air Peace, Dr Allen Onyema, his dedicated team and all Nigerians who share in this achievement”, said Onyeali-Ikpe.

 

The bank’s chief executive further highlighted Fidelity Bank’s longstanding role as a financial partner to key players in the aviation industry, reaffirming its position as a market leader in aviation financing and support services.

 

“Our partnership with Air Peace reflects our belief in the potential of Nigerian businesses to compete and thrive on the global stage. We have consistently backed the airline’s growth ambitions and will continue to do so as it opens new routes,” the MD added.

 

The MD also extended congratulations to the Minister of Aviation and Aerospace Development, Festus Keyamo, for his proactive support of local operators. “The Honourable Minister’s efforts to create an enabling environment for indigenous airlines are yielding tangible results. This Heathrow route launch is a clear example of what is possible when government and private sector work together,” the MD stated.

 

Air Peace’s new Abuja–London Heathrow route marks its second direct flight service to the United Kingdom, following the successful launch of the Lagos–London route earlier in the year. The development is expected to boost connectivity, reduce travel costs and enhance Nigeria’s presence in international aviation.

 

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 the 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.

UBA, Gtbank, Access Bank,Opay, Others Dragged to Court Over N1.13 billion Illegal Transfers

In a desperate move to recover a whooping sum of N1, 133, 808, 604. 31 billion, fraudulently removed by some customers, UBA, Gtbank, Access Bank and 41 other banks in Nigeria have been dragged before a Federal High Court Lagos by Lotus Bank.
Lotus Bank, in its motion on notice filed before the court confirmed that the money was removed on July 20, 2024, while it experienced system failure named ‘a system glitch’, due to a rollback fix carried out on its E-Bills Pay platform.
The bank also admitted that during the ‘system failure’, 718 customers  who made successful withdrawals and transfers from their accounts knew that they did not have the amounts in their accounts with the bank.
To salvage the unlawful withdrawal caused due to the ‘system glitch’, the 45 banks dragged before the court by Lotus Bank over the massive financial woe are: Palmpay Payment Services Ltd; Moniepoint Microfinance Bank Ltd; Opay Digital Services Ltd; United Bank For Africa Plc; Guaranty Trust Bank Ltd; Access Bank Plc; (formerly Diamond); Payment Service Bank Ltd; Wema Bank Plc; Kuda Microfinance Bank Ltd; Fairmoney Microfinance Bank Ltd and Sterling Bank Ltd.
Others include: Stellas Digital Bank Ltd; First Bank of Nigeria Ltd; Renmoney Microfinance Bank Ltd; Unity Bank Plc; First City Monument Bank Ltd; Beststar Microfinance Bank (Nig) Ltd; Globus Bank Ltd; Carbon Microfinance Bank Ltd; Jaiz Bank Plc; VFD Microfinance Bank Ltd; Premium Trust Investment Ltd; Pagatech Ltd; Keystone Bank Ltd; Stanbic-IBTC Bank Plc; Stanbic-IBTC (Ease Wallet); TAJ Bank Ltd and Providus Bank Ltd.
Others include: Union Bank of Nigeria Plc; kegow (Chamsmobile Ltd); Ecobank Nigeria Ltd; Smartcash Payment Service Bank Ltd; Amucha Microfinance Bank Ltd; Sparkle Microfinance Bank Ltd; Kredi Money Microfinance Bank Ltd; Alternative Bank Ltd; Lotus Bank Ltd; Gomoney Inc.; Paystack-titan (Paystack Payments Ltd); Momo Payment Settlement System and three others.
The suit according to Lotus Bank is pursuant to Order 3 Rules 1 6, and 9 of the Federal High Court (Civil Procedure) Rules 2019 and under the court’s inherent jurisdiction.
It asked the court the following questions for determination: “whether having regard to the Central Bank of Nigeria Guideline No. BPS FIRGEN/CIR/02/004 of 2015; BPS/FIRGEN/CIR/05/011 of 2018; Section 10.2.2-10.2.4, 10.3, 10.4 of the CBN Regulations, the Ist to 45th Defendants are not mandated to place a lien on the sums standing in the respective accounts of the 1st- 45th defendants’ customers/account holders.
“Whether having regard to the Central Bank of Nigeria Guideline No. BPS/FIRGEN/CIR/02/004 of 2015; BPS/FIRGEN/CIR/05/011 of 2018; particularly Section 10.2.1 of the Regulations, the Plaintiff is not entitled to a refund of all the funds illegally transferred into the respective accounts of the 1st-45th Defendants’ customers/account holders in the document. marked as Exhibit 1 attached herewith and domiciled with the Defendants where such funds are still available in the customers’ accounts
“Whether having regard to the Central Bank of Nigeria Guideline No. BPS/FIRGEN/CIR/02/004 of 2015; BPS/FIRGEN/CIR/05/011 of 2018; Section 10.2.2-10.2.4, 10.3, 10.4 of the CBN Regulations, where the sums in the customers’ accounts are not sufficient to cover the sums illegally transferred, the 1st-45th Defendants are not mandated to place a lien on any of the sums illegally transferred into the accounts of the customers/account holders domiciled with one or more of the Defendants and more fully shown in the document marked as Exhibit 1 attached herewith, until the entire sums are fully recovered and repaid to the Plaintiff.”
The bank states that upon the determination of the above questions, it pray the court for the following reliefs against the listed banks jointly and severally: “a declaration that by the Central Bank of Nigeria Act 2007, the Central Bank of Nigeria Guideline No. BPS/FIRGEN/CIR/02/004 of 2015; BPS/FIRGEN/CIR/05/011 of 2018; Section 10.2.2 -10.2.4, 10.3, 10.4 of the CBN Regulations, the 1st-45th Defendants has a duty and obligation to protect the banking and payment industry from abuse by dishonest users and to take reasonable steps to forestall any damages of the banking and – payment system whenever any abuse or fraud is within their knowledge or has been brought to their attention.
“A declaration that having regard to the Central Bank of Nigeria Guideline No, BPS/FIRGEN/CIR/02/004 of 2015;
BPS/FIRGEN/CIR/05/011 of 2018: Section 10, 2.2-10.2.4, 10.3, 10.4 of the CBN Regulations, the Plaintiff is entitled to a refund of all the funds illegally transferred into defendants customers/account holders more fully shown in the document marked as Exhibit 1 attached herewith where such funds are still available in the customers’ accounts.
“An order directing the 1st-45th defendants to immediately reverse and pay to the Plaintiff the sums wrongfully, illegally and illicitly debited from the Plaintiff and transferred into the 1st-45th Defendants customers’ accounts listed in Exhibit 1 in the aggregate sum of N1,133,808,604.31 (One Billion, One Hundred and Thirty-Three Million, Eight Hundred and Eight Thousand, Six Hundred and Four Naira, Thirty-One Kobo) domiciled with one or more of the 1st-45th Defendants or any amount subsequently recovered until the entire sums are fully recovered.
 “And such further or other orders as the Court may deem fit to make in the circumstance.”
Lotus Bank supported the motion with 19 paragraphs affidavit deposed to by Gbenga Ojerinde, a Fraud Investigation Officer with the bank. The suit is also attached with a written address and some documentary exhibits.
Some of the banks listed as defendants in the suit, have filed their responses to the suit.
However, the Presiding Judge, Justice Daniel Osiagor has adjourned the further hearing of the suit to December , 2025.
Parts of the aveerments in the affidavit read: “On 20th July 2024, the Plaintiff experienced a system glitch due to a rollback fix carried out on its E-Bills Pay platform. The said rollback fix was carried out to address a previous complaint but led to unintended and unexpected behaviour that allowed the Plaintiff’s customers to initiate transfers to other banks and financial institutions without the accounts of those customers being debited The outcome was that certain customers made multiple transfers to account? held with the Defendants in excess of the balances those customers had in their accounts with the Plaintiff.
“This glitch affected 718 customers of the Plaintiff who made successful withdrawals and transfers from their accounts knowing that they did not have in their accounts with the Plaintiff the sums they were transferring and succeeding in those transfers only because their accounts were not being debited.
“The initial financial exposure of the Plaintiff from this incident is about N1,133,808,604.31 (One Billion, One Hundred and Thirty-Three Million, Eight Hundred and Eight Thousand, Six Hundred and Four Naira, Thirty one Kobo) Now shown to me marked Exhibit 1 is the schedule providing detailed information of the affected customers of the Plaintiff, the Refund Amounts and the banks/other financial institutions warehousing the funds of the affected customers.
“The Plaintiff reported the issue of the system glitch and the resulting Erroneously Retained Credits to the Nigeria Inter-Bank Settlement System Plc (NIBSS), which is the Nigeria central switch responsible for the interoperability of the various players in the banking sector, including banks, mobile service operators, non-banking financial institutions, payment terminal providers, card acquirers, etc. And their customers…
“…… However, the said beneficiaries were not debited by the Plaintiff for the said transactions and in lieu retained the credit values. Consequently, the Plaintiff is entitled to receive the value of the respective Refund Amounts from the accounts of the beneficiaries of the Erroneously Retained Credits.
“I know that the courts provide a remedy where there is a wrong and that an Order of this Honourable Court is required to remedy the Plaintiff’s situation to enable the Plaintiff recover the erroneously Retained Credits in the accounts of the affected beneficiaries.
“I also know that the justice of this case demands that the beneficiaries of the” Erroneously Retained Credits are prevented from unjust enrichment in the circumstances of this matter.
“The plaintiff seeks the reliefs sought in this Originating Summons to place restrictions on the said accounts and reverse the Erroneously Retained Credits to the Plaintiff,
” know it is in the interest of justice, equity and fairness that the reliefs sought by the Plaintiff are granted by this Honourable Court.
“I, Gbenga Ojerinde, do solemnly declare that I depose to this affidavit conscientiously believing the same to be true in accordance with the Oaths Act.”
Tax Clarity, Investor Confidence Depend On Judiciary’s Insight — FIRS Boss

Tax Clarity, Investor Confidence Depend on Judiciary's Insight - FIRS Boss | Pulse Nigeria

The Executive Chairman of the Federal Inland Revenue Service (FIRS) has praised the Nigerian judiciary for its “sound and consistent” tax rulings that have helped shape the nation’s fiscal landscape.

 

Speaking at a capacity-building workshop for Justices of the Supreme Court, Court of Appeal, and Judges of the Federal High Court on new tax laws, the FIRS Chairman commended the National Judicial Institute (NJI) for organizing the event, describing it as “timely and essential.”

 

According to him, the introduction of new tax laws, including amendments to the Finance Acts, the Petroleum Industry Act, and other subsidiary legislations, has “significantly reshaped our tax ecosystem” and demands deeper collaboration between the judiciary and tax authorities.

 

“The judiciary, through its interpretative powers, remains the ultimate arbiter in maintaining the delicate balance between the legitimate powers of tax authorities and the rights of taxpayers,” he said.

 

“Your consistent and sound pronouncements have provided stability, predictability, and fairness in the administration of the tax system.”

 

He noted that the timeliness and consistency of judicial decisions were critical to improving voluntary tax compliance, boosting investor confidence, and enhancing national revenue mobilization.

 

“Tax disputes that are resolved promptly and based on clear judicial principles foster compliance and contribute to economic stability,” he added.

 

The FIRS Chairman reaffirmed the Service’s commitment to continuous partnership with the judiciary through “knowledge sharing, provision of technical resources, and regular engagement.”

 

“As key stakeholders in the Nigerian tax system, we must continue to strengthen collaboration, foster dialogue, and develop mechanisms that promote early and effective resolution of tax disputes,” he emphasized.

 

He further observed that the global digital economy and cross-border transactions continue to present complex tax challenges, making judicial education more vital than ever.

 

In conclusion, he expressed confidence that the insights gained from the workshop would “enhance the quality of judicial pronouncements and contribute to a more efficient and equitable tax system in Nigeria.”

Nigeria recorded Over $50 Billion Cryptocurrency Transactions In One Year – SEC DG

The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has disclosed that over $50 billion worth of cryptocurrency transactions flowed through Nigeria between July 2023 and June 2024, underscoring the sophistication and risk tolerance of investors that the traditional market has yet to capture.

 

Agama in a lead paper titled Evaluating the Nigerian Capital Market Masterplan 2015-2025 presented at the annual conference of the Chartered Institute of Stockbrokers, however raised concern over the alarmingly low participation of Nigerians in the traditional capital market, revealing that fewer than four percent of the country’s adult population are active investors.

 

He described the low participation rate as a major impediment to economic growth and capital formation.

 

He noted that while fewer than three million Nigerians invest in the capital market, more than 60 million engage daily in gambling activities, spending an estimated $5.5 million every day.

 

“This reveals a paradox, an appetite for risk clearly exists, but not the trust or access to channel that energy into productive investment.”

 

Agama also lamented that Nigeria’s market capitalization-to-GDP ratio stands at about 30 percent, far below South Africa’s 320 percent, Malaysia’s 123 percent, and India’s 92 percent, a disparity he said highlights the urgent need to deepen financial inclusion and rebuild investor confidence.

 

Recalling the vision of the ten-year CMMP launched in 2015, the SEC boss said it was designed to reposition Nigeria’s capital market as the engine of economic transformation by mobilizing long-term finance for infrastructure and enterprise development.

 

“Today, as we stand at the sunset of that ten-year plan, our task is not ceremonial; it is reflective and diagnostic. We must ask: what did we achieve, where did we fall short, and what lessons must anchor our next decade of reforms?” he stated.

 

Agama disclosed that less than half of the 108 initiatives under the CMMP were fully achieved, blaming limited alignment with national development plans, inadequate tracking metrics, and weak stakeholder ownership for the shortfall.

 

Despite progress in areas such as Green Bonds, Sukuk, fintech integration, and non-interest finance, he said market liquidity remains concentrated in a few large-cap stocks like Airtel Africa, Dangote Cement, and MTN Nigeria.

 

Agama, who listed six key challenges for the next phase of reforms, pointed at low retail participation, market concentration, falling foreign inflows, underutilized pension assets, untapped diaspora capital, and a widening infrastructure financing gap.

 

“Nigeria’s $150 billion annual infrastructure deficit far exceeds the market’s contribution, with only N1.5 trillion approved in PPP bonds. This shows a misalignment between financial innovation and national priorities,” he observed.

The DG called for a “reimagined SEC” that serves as both regulator and enabler of private-sector-driven growth, and added the next decade must focus on trust-building, transparency, and inclusion.

“Vision without execution is inertia — and reform without measurement is aspiration without accountability,” he declared.

FATF Delisting Will Boost Investor Confidence In Nigeria — SEC DG

 

 

Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama has hailed Nigeria’s removal from the Financial Action Task Force grey list, describing it as a clear reflection of the country’s renewed policy direction and commitment to transparency.

 

FATF on Friday announced the delisting of Nigeria from its grey list of countries with deficiencies in anti-money laundering and counter-terrorism financing frameworks.

 

Speaking on Channels Television’s Morning Brief, Dr. Agama, said the development would significantly enhance investor confidence and attract more foreign investments.

 

“It means so much for us in the capital market; it means so much for us in the financial system. It brings about something that we have been craving for – investor confidence

 

“The release of Nigeria from the FATF grey list means that investor confidence would be boosted. Delisting from that grey list sends a very strong signal to investors and trading partners that Nigeria has made significant progress in strengthening its anti-money laundering and countering of financing of terrorism regulations,” Agama said.

 

He described the delisting as a “welcome call to new investments,” saying it would further strengthen productivity and growth in the Nigerian economy.

 

After implementing a 19-point action plan, the FATF removed Nigeria from the list more than two years later, acknowledging the country’s progress in tightening its AML/CFT framework.

 

Agama described the development as a major milestone in Nigeria’s journey towards economic reform, institutional integrity, and global credibility and commended the Mrs. Hafsat Abubakar Bakari, Director/Chief Executive Officer of the Nigerian Financial Intelligence Unit and her team for their diligence in implementing the country’s action plan.

 

According to him, “The NFIU was in the fore front of this initiative and we commend their commitment which has earned Nigeria global recognition for its strengthened institutional framework to tackle financial crimes”

 

He also praised the efforts of the National Security Adviser, the Secretary to the Government of the Federation, the Ministers of Aviation, Budget and Economic Planning, Defense, Foreign Affairs, Solid Minerals, and State for Finance, as well as the leadership of the National Assembly and the Judiciary.

Seplat Energy Advocates Entrepreneurship For Media Professionals, Urges Preparedness For Retirement

Seplat Energy Plc, leading Nigerian independent energy company, has held the 2025 Annual Media Training Programme in Abuja, in line with the company’s commitment to media excellence, entrepreneurship and economic well-being.

The training programme which had in attendance 50 journalists, brought together media professionals in the Capital City for a two-day hands-on learning, expert-led sessions, and transformative insights into the evolving media landscape and entrepreneurship opportunities open to media practitioners.

Journalists, in attendance, were exposed to various business opportunities they can venture into so as to create more value and broaden their horizons whilst working to be entrepreneurs.

Delivering a session on “Can Managers or Professionals (such as Journalists) make good Entrepreneurs?”, Nigerian professor of political economy and management expert, Professor Pat Utomi, examined the difference between the entrepreneurial and the managerial mindset trends, talent and opportunities spectrum. He identified entrepreneurship as quantum leap in value creation.

A former Director of the Lagos Business School, Dr. Solomon Avbioroko, who spoke on “Ego States Profile and Impact on Transactional Analysis” noted that Ego states are the foundational elements of Transactional Analysis, influencing how we communicate, interact, and understand ourselves and others.

Avbioroko also anchored the session on “Second Phase of Life: Overcoming the Phobia”, observing that retirement is not an end but a beginning, an opportunity to experiment and explore, to engage in valued pursuits and to reinvent our legacy.

The session on “Understanding Digital Marketing: With a focus on Customer Journey Mapping” by Abiola Adedeji, a seasoned trainer, espoused the importance, benefits and components of digital marketing, as well as Digital customer journey mapping as a tool for creating communication strategy that builds a conversation with customers.

Uloma Okoro, a lawyer and serial entrepreneur delivered a session on “Developing A Business Model and Writing a Winning Business Plan”. She advised participants that, as professionals, the business world is a different and new environment, hence, the need to test the waters first before diving straight in. She further advised on the need to learn, unlearn and re-learn, as mistakes are all part of the learning process.

In his sessions, seasoned Chemical engineer and trainer, Olu Onakoya spoke on “The Socio-Economic Environment and Challenge of Entrepreneurial Ventures: Entrepreneurial Leadership & Venture Financing” as well as “Financial Intelligence – Key Enabler of Prudent Investment: Lecture and Experience Sharing.

In a session on “Media Technology: Trends, Importance & Adaptability – Lecture, Exercises & Class Discussion”, Nnamdi Uwaemelulam, a video editor and multimedia producer, emphasised the need for media professionals to embrace evolving technologies. He discussed innovative content formats, cross-platform media habits, and the critical role of personalisation and algorithms.

Earlier in his remark, Stanley Opara, Manager Corporate communications, Seplat Energy Plc, who represented Chioma Afe, Director, External Affairs & Social Performance, highlighted Seplat Energy’s commitment to developing capacity of its media stakeholders, fostering increased professionalism, and driving career sustainability. He commended the media representatives for their quest for knowledge and assured them of Seplat Energy’s commitment in consolidating on the company’s existing partnership with the media, going forward.

The 2-day event was an impactful blend of thought leadership, skill-building workshops, and interactive sessions. It also featured brain teasers and fostered a dynamic learning environment tailored to media professionals aspiring to venture into entrepreneurship, be it in the media or other fields.

NGX Group Fuels Women’s Investment Drive, Engages 9,000 At FinTribe Finance Fair 2025

 

NGX Group, CSCS To Host 2025 International Women's Day Celebration – City  Business News

 

 

 

Nigerian Exchange Group (NGX Group), through its regulatory subsidiary, Nigerian Exchange Regulation Limited (NGX RegCo), has reaffirmed its commitment to expanding financial inclusion and deepening retail investor participation following the successful FinTribe Finance Fair 2025, which convened over 9,000 women focused on wealth creation and capital market opportunities.

 

 

The event, organized by FinTribe, one of Nigeria’s fastest-growing women’s finance communities, has become a leading platform for promoting financial literacy and building investment confidence among women. NGX RegCo’s participation, through its flagship EquipHER initiative, featured interactive sessions that demystified capital market concepts and empowered women to make informed investment decisions.

 

 

“You have what it takes to step into greater capability and control over your financial agenda,” said Olufemi Shobanjo, Chief Executive Officer, NGX RegCo. “The same mindset that drives you to start a business, buy a home, or save for your child’s education, to plan, commit, and follow through, is exactly what makes women exceptional investors.”

 

 

Commending FinTribe for its sustained commitment to financial education, Shobanjo emphasized that the Nigerian capital market offers practical frameworks for translating financial discipline into purposeful wealth-building strategies. “Financial inclusion begins with awareness,” he affirmed. “When women understand how the market works, they can own their financial futures and build sustainable wealth.”

 

 

In alignment with these educational efforts, NGX Group’s technology-driven innovations are lowering barriers to market entry. The Group’s digital investment platform, NGX Invest, enables investors to participate in public offers and rights issues directly from their smart devices, bridging awareness with active market participation.

 

 

Jennifer Awirigwe, founder of FinTribe and popularly known as Financial Jennifer, commended the collaboration for driving meaningful impact. “Our partnership with NGX RegCo through EquipHER has created a bridge between knowledge and action,” she stated. “Women are not just learning about finance, they are taking ownership of their financial journeys and inspiring others to do the same. It’s equipping her, not in words, but in action.”

 

 

During an interactive Q&A session, Shobanjo addressed questions on share ownership transfers, portfolio management, and investment process navigation, encouraging participants to engage licensed stockbrokers and financial advisers for transparency and efficiency. “It can seem overwhelming at first,” he acknowledged. “But with the right professional guidance, investors can easily navigate the process and take control of their holdings.”

 

 

Throughout the fair, the EquipHER booth became a hub of engagement, attracting participants eager to learn how to initiate or expand their investment portfolios.

 

 

This initiative complements NGX Group’s broader retail engagement strategy, aimed at deepening participation in Nigeria’s capital market. Recently, the Exchange participated in a public lecture at Godfrey Okoye University, Enugu, themed “Harnessing the Capital Market for Catalyzing Infrastructure Development and Economic Transformation in Nigeria,” reinforcing NGX’s conviction that an informed and engaged public is essential to sustainable economic growth and inclusion.

 

 

Through initiatives such as EquipHER and regional retail engagements across Nigeria, NGX Group continues to build a more inclusive, informed, and empowered investor base, reflecting its vision to deepen market participation across gender, geography, and generation.

Ukachukwu  Receives Salvation  Army’s Highest Award 

By Nnedinma Michael
Prince Nicholas Ukachukwu’s  recent activities as the All Progressives Congress (APC) Governorship Candidate in Anambra State have garnered significant attention, attracting the “Distinguished Service in the Vineyard of God Honours Award” by Salvation Army,  South East Commandry, Onitsha.
The award, which according to the Divisional Commander of the Church, Lt. Col. Godspower Anozie, was in recognition of his exemplary support for God’s work, highlights his commitment to faith and community service.
 Anozie disclosed that Salvation Army had received  several recognitions of his good works and selfless services in the vineyard of the lord, adding that the award is the highest award given to non- salvationists for exceptional services.
Ukachukwu, who expressed appreciation for the award from people of God, narrated his humble beginnings and his dedication in the things of the lord, counting his blessings and breakthroughs in life.
He stated that he has two carriers in life, one as a politician and another as a missionary, although the political side comes seasonally, while the missionary side is stable and active.
While presenting the award, Lt Col Nwachukwu  Onyilimba from Lagos, showered his blessings on Ukachukwu and prayed for a successful election in the state on November 8.