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The New Pope Is Announced: Cardinal Robert F. Prevost Takes The Name Leo XIV.

A wave of joy swept across St. Peter’s Square this evening as white smoke emerged from the chimney of the Sistine Chapel, announcing the election of a new pope. Cardinal Robert F. Prevost of the United States has been chosen as the 267th pontiff of the Roman Catholic Church, taking the papal name Leo XIV.

Moments after the announcement, the new pope appeared on the central balcony of St. Peter’s Basilica to offer his first blessing, Urbi et Orbi, to the city of Rome and the world. Smiling but solemn, Pope Leo XIV greeted the faithful with a message of peace, unity, and hope.

“I am humbled by the weight of this responsibility,” he said. “With God’s help and your prayers, I will serve the Church with love and courage.”

Born in Chicago and most recently serving as Prefect of the Dicastery for Bishops, Pope Leo XIV is the first American pope in history and a respected figure known for his pastoral sensitivity, theological depth, and commitment to global outreach.

The election follows the death of Pope Francis on April 21, and comes after two days of voting by the 133 cardinal electors. The choice of the name “Leo” evokes memories of the great reformer Pope Leo XIII, known for his emphasis on social justice and the Church’s role in the modern world.

Crowds erupted in cheers and hymns as bells rang across Vatican City, signaling the dawn of a new papal era.

AIO Strengthens Ties With Nigerian Insurers, Pledges Better Return For Members

Faces of CEOs of AIO member companies in Nigeria, flagged by the NIA Governing Council Members and Management during a visit of the Secretary General of the AIO, Mr. Jean Baptiste and Communication and Public Relations Officer of the AIO, Mr Charles Moki, to the Nigerian insurers market in Lagos.
The African Insurers Organisation (AIO) has moved to strengthen collaboration with the Nigerian insurance market while pledging more value in return for insurance companies of its member countries.
The Secretary General of the AIO, Mr. Jean Baptiste, said this during an official visit to the Nigerian Insurance Market in company of the AIO’s Communication and Public Relations Officer, Mr Charles Moki, hosted by the Nigerian Insurers Association (NIA) in Lagos.
The visit of the AIO officials to Nigeria began with a meeting with the NIA Chairman, Mr Kunle Ahmed, flagged by the management of the NIA, led by the Director-General, Mrs Bola Odukale, on Monday, May 5, 2025, followed by a meeting with the Chief Executive Officers (CEOs) of AIO member companies in Nigeria.
The visit extended to other arms of the industry on Tuesday and ended with a dinner organised by the NIA on Wednesday for the AIO officials, Past Chairman of the AIO, Mr Tope Smart, board member of the AIO, Mr Eddie Efekoha, and principal officers of various arms of the insurance industry.
Mr. Baptiste commended the growth and potential of the Nigerian insurance market, noting that the AIO has been led by Nigerian business leaders in the last 13 years.
“This is significant because it reflects strong support for the system and the organization. Nigeria contributes the highest number of delegates to AIO events yearly; hence, we are here to open conversation with our Nigerian members and ready to consider your remarks and suggestions to serve you better.
“I am impressed by the Nigerian insurance market’s resilience and potential for growth. The industry has shown remarkable progress, and I believe that with the right support and guidance, it can become a driving force in Africa’s economy, “he said.
The Secretary General highlighted the organization’s achievements, including convincing the AfCTA Secretariat that AIO is the rightful voice of the African insurance industry.
According to him, the AIO is working on a feasibility study to harmonize regulatory frameworks across Africa, in collaboration with the United Nations Development
Programme (UNDP) and funding from the Africa Reinsurance Corporation.
This, he said, would enable companies licensed in one country to operate in another without needing a new license and, as such, promote true integration.
The Secretary General also mentioned the Pan-African Payment and Settlement System (PAPSS) developed by Afreximbank, which recognizes insurers as key stakeholders.
He invited the industry’s stakeholders to attend the AIO’s upcoming general assembly at the end of the month, which will focus on the debt burden in Africa and its impact on the insurance industry.
“The theme of our upcoming general assembly is particularly relevant to the Nigerian insurance market. “The debt burden in Africa is a pressing issue, and insurers must have a seat at the table where Africa’s future is being discussed, “he said.
Commenting on behalf of the Nigeria member companies, the NIA Chairman, Mr. Ahmed appreciated the AIO officials for the visit, noting that the move to increase the benefits of its members would promote the organization and grow its membership base.
Mr. Ahmed assured the AIO of the unrelenting support and collaboration of Nigerian insurers, while urging the AIO to support the Nigerian insurance market in its efforts to design a Mortality table, develop its Actuarial capacity and leverage on the opportunities in AfCTA.
Seplat Energy Committed To Leading Nigeria’s Indigenous Gas Revolution

Seplat Energy PLC, leading Nigerian independent energy Company listed on both the Nigerian Exchange and the London Stock Exchange, says it is committed to leading Nigeria’s indigenous gas revolution, with a strong belief in energy for all, powered by gas, guided by sustainability and driven by Nigerian expertise.

The Managing Director, Seplat Energy Producing Nigeria Unlimited (SEPNU), Mr. Oladotun Isiaka, gave this assurance at the ongoing Offshore Technology Conference  in Houston, United States whilst speaking on a panel session dubbed ‘Harnessing Nigeria’s Gas Potential for Domestic Utilization and Global Export Market’ organised by the Petroleum Technology Association of Nigeria (PETAN).  

Isiaka also called for greater collaboration across the gas value chain to turn Nigeria’s gas potential into tangible prosperity.

According to him, Nigeria holds a strategic opportunity to leverage its gas reserves for domestic development and global competitiveness, and Seplat Energy is leading as a Nigerian independent, with strong operational and investment commitments in the domestic gas value chain.

He noted that indigenous leadership, backed by supportive policies and financing models, is critical to Nigeria’s gas sector growth.

On Seplat Energy’s contributions to Nigeria’s gas development, Isiaka said the Company is a leading supplier of processed gas to Nigeria’s domestic market – operating the Oben and Sapele Gas Processing Plant with combined capacity exceeding 300 MMscfd (supplying approximately 30 per cent of gas-fired power generation in-country).

Seplat Energy  is also developing the ANOH Gas Processing Plant – a 300 MMscfd facility expected to come online in 2025 under a joint venture owned equally by Seplat Energy and the Nigerian Gas Infrastructure Company (NGIC), a wholly owned subsidiary of Nigerian National Petroleum Company Ltd.

Also, the SEPNU offshore gas has huge potential to develop for both domestic and export markets, with significant reserves close to infrastructure.

Beyond the Company’s focus on promoting clean energy access, its investment in gas development supports Nigeria’s Decade of Gas strategy with investments in Compressed Natural Gas (CNG) for transport; Liquefied Petroleum Gas (LPG) for clean cooking; and electrification pilots in underserved communities.

The SEPNU MD said: “Nigeria has over 200 Tcf of proven gas reserves; among the top 10 globally. The country stands at an inflection point: use gas to power its population, industrialize, and capture global export value. Seplat Energy believes gas is not just a transition fuel — it is the growth engine for Nigeria’s energy future.

“Gas must displace biomass (used in cooking) and oil-based fuels like diesel (used in power generation sets), which are prevailing energy sources in Nigeria.”

Nigeria’s Biggest Tech Conference Opens in Enugu

Nigeria's Biggest Tech Conference Opens in Enugu – Tomorrow is Here!LarryBravo Nwaiwu
The 2025 Enugu Tech Festival being organised by the Enugu State Government kicked off on Wednesday with the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, describing it as the biggest technology conference that has ever happened in Nigeria.
Tijani said the Tech Festival, which attracted thousands of youths from within and outside the state, was a major leap for Nigeria’s determination to build a robust digital economy, noting that Enugu State under Governor Peter Mbah, had moved from policy to progress to lead the tech revolution in Nigeria.
This was even as Governor Peter Mbah urged the youths to embrace technology, insisting that the future is technology.
Speaking, the Minister said that the Tech Festival, tagged Coal to Code, fitted into the agenda and activities of the Federal Ministry of Communications, Innovation and Digital Economy, having recognised that the future of digital economy in Nigeria would not only be built in Abuja, but would instead be co-created across all states.
“Enugu is showing how this should and will be done. I have never, never been to a conference on technology in Nigeria that is this big. I founded the first technology hub in Nigeria, the very first in Nigeria. So, I know a thing or two when technology people gather. I can assure you that today, you are part of history because we have never seen anything this big in Nigeria before.
“There is something powerful about your state: the energy, the ambition, the possibilities. Just two years ago, only a few people could imagine this kind of tech momentum. But today, Enugu has not just imagined, Enugu is building it. Under two years, we have seen investment in digital infrastructure, and the innovation ecosystem of the state.
“What is happening today in Enugu is part of something bigger. We are now witnessing a generational rise, not one where people complain and protest, but one where creativity is used to shape the future. Not just with passion, but with precision,” he stated.
While commending the participants for rising to “create the kind of Nigeria the world will pay attention to,” Tijani called for collaboration, commitment, and hard work by all stakeholders to make it happen.
“Progress is not automatic, but needs all of us. It needs the government to continue to be brave. It needs the private sector to invest deeper. It needs mentors, builders, teachers, and it needs leaders,” he concluded.
Speaking, Governor Mbah, while highlighting how his administration had invested in technology to dramatically revolutionise security, land administration, education, among others, noted that the Enugu Tech Festival was part of his government’s wider efforts to build the youth of the state into wealth creators and highly sought-after workforce of tomorrow’s workplace.
“The power of technology and innovation and what we can accomplish is something that I want the youths to be mindful of. If you look at the way things are being done in the world today, we are now talking about an era where people just sit down with great ideas, create platforms where they begin to essentially benefit from that platform.
“An example is the Uber that came and disrupted the city taxi without owning a key. Today, they provide by far the largest traffic just by creating a platform. You can extend that to Airbnb. Without owning a key, these guys have disrupted the business of those who own several brick and mortar houses. You can also extend that to Tesla. That is the power of technology. This shows essentially that technology is where the future is,” he emphasised.
In his remark, the Commissioner for Innovation, Science and Technology, Dr. Lawrence Ezeh, said the Enugu Tech Festival, which would now become an annual event, underscored a paradigm shift from the old Enugu known for coal to one that has become a rising force in Nigeria’s tech-driven future, a beacon of innovation, intellectual capital, digital enterprise, and endless possibilities.
“For decades, our identity was built on coal, a resource that powered Nigeria’s industrial rise. But today, we stand in a different kind of power—the power of knowledge, innovation, and technology,” he stated.
Also at the event were the Minister of Youth Development, Ayodele Olawande; Speaker, Enugu State House of Assembly, Hon. Uchenna Ugwu; former Minister of Science and Technology, Prof. Barth Nnaji; Chairman of Zinox Technical, Leo Stan Ejeh;  and  the Group Managing Director, Afrinvest, Dr. Ike Chioke, among a host of others.
YSMA ,TMA Launch Historic Cultural Exchange To Boost Museum Expertise

 In a landmark move that sets a new precedent for international cultural collaboration, the Yemisi Shyllon Museum of Art (YSMA) in Nigeria and the Toledo Museum of Art (TMA) in the U.S. are proud to announce a transformative partnership aimed at promoting Modern and Contemporary African Art and enhancing institutional capacity through knowledge exchange.

Formalized through a memorandum of understanding signed in November 2024, the partnership will see both museums – nonprofit, educational institutions with a shared mission of service and impact through art – collaborate on a range of programs including a training and professional development exchange, joint curatorial initiatives, and traveling exhibitions from YSMA’s collection to the U.S.

This collaboration marks YSMA’s first major international partnership and is a bold step in amplifying its reach and influence on the global stage, particularly in deepening U.S.–Nigeria cultural relations through the lens of art and heritage. Recently named the 2025 Best Art Museum in the USA TODAY 10Best Readers’ Choice Awards, TMA is an institution renowned for its history and reputation in museum management, curatorial excellence, and public engagement

Reflecting on the value of the joint initiative, Jess Castellote, Director of the Yemisi Shyllon Museum of Art, said: “This partnership is a major milestone in our journey to bring Nigerian art to a broader audience. At the YSMA, we believe in the transformative power of cultural exchange. By working with an esteemed institution like the TMA, we are not only building professional capacity but also affirming the place of African art in the global narrative of creativity, innovation, and heritage.”

The collaboration will also offer American audiences the opportunity to experience YSMA’s great collection, which spans centuries of African creativity and expression, ranging from ancient cultural artifacts to modern and contemporary works through travelling exhibitions.

Highlighting the significance of the collaboration, Adam Levine, Director and CEO of TMA said: “At the Toledo Museum of Art, we are proud to engage in a partnership that fosters mutual learning, inclusivity, and global dialogue. This collaboration with YSMA not only enriches our understanding of African art traditions but also deepens our ability to integrate art into the lives of people — both locally and globally. By working together, we strengthen the institutional ties and cultural connections that inspire, educate, and promote access to the transformative power of art.”

Both museums see this collaboration as a model for future cultural diplomacy efforts – one that uses art to bridge continents, enrich communities, and celebrate shared humanity. At a time when global understanding and cross- cultural dialogue are more important than ever, this partnership demonstrates how institutions with shared values can come together to advance mutual learning, preserve cultural heritage, and inspire new generations. By creating platforms for exchange – of ideas, art, and expertise – YSMA and TMA are laying the foundation for deeper, more sustained connections between Nigeria and the United States through the transformative power of art.

NGX Group, Market Stakeholders Honour Dr. Pascal Dozie’s Enduring Impact

NGX honours Pascal Dozie with heartfelt tributes | News Express Nigeria

 

Captains of industry, financial leaders, and dignitaries gathered at the Nigerian Exchange Group House for an Afternoon of Tributes and Special Closing Gong Ceremony in honour of late Dr. Pascal G. Dozie, OON, CON, former President of the Council of the Nigerian Stock Exchange (NSE). Organised by Nigerian Exchange Group (NGX Group), the event celebrated a visionary whose leadership and integrity helped shape Nigeria’s financial markets and corporate landscape.

 

 

In his welcome remarks, Alhaji (Dr.) Umaru Kwairanga, Chairman of NGX Group, reflected on Dr. Dozie’s profound influence, stating, “Dr. Dozie was a banker, entrepreneur, economist, and philanthropist—but above all, he was a builder of institutions. His tenure as President of the NSE Council marked a pivotal chapter in our history. With foresight and steady leadership, he laid the foundation for a world-class Exchange that not only serves Nigeria but inspires confidence across Africa.”

 

 

Continuing the stream of tributes, industry leaders shared reflections on Dr. Dozie’s legacy of principled leadership and institutional advancement. Dr. Ernest Ndukwe, Chairman of MTN Nigeria Plc, praised his role in entrenching professionalism in the private sector. Mr. Gabriel Idahosa, President of the Lagos Chamber of Commerce and Industry, described him as “a man of unwavering principle whose life embodied ethical leadership and nation-building.” Dr. Raymond Obieri, former NSE Council President, recalled their shared commitment to institutional growth: “Pascal was the kind of leader who brought calm to chaos and vision to uncertainty. His leadership was never about power, it was always about purpose.”

 

 

Adding to this sentiment, Mr. Ahonsi Unuigbe, Chairman of Nigerian Exchange Limited, urged attendees to honour Dr. Dozie’s legacy through action: “He did not just serve; he built, inspired, and transformed. The greatest tribute we can pay is to ensure the institutions he strengthened continue to thrive with integrity, transparency, and innovation.”

 

 

Mr. Olaniyi Yusuf, Chairman of the Nigerian Economic Summit Group (NESG), underscored Dr. Dozie’s foundational role: “He was not just a founding father of NESG but a compass for our mission to build a globally competitive Nigerian economy. His vision and principled leadership continue to guide us.”

 

 

Speaking from a personal perspective, Mr. Uzoma Dozie offered an intimate tribute to his father: “Beyond his professional achievements, he was a man of quiet wisdom and grace. His presence commanded respect, and his influence shaped minds and institutions alike. His absence will be deeply felt.”

 

 

Mr. Temi Popoola, Group Chief Executive Officer of NGX Group, added: “Dr. Dozie was more than an industry titan, he was a mentor, a visionary, and a nation-builder. His contributions were not just pioneering but transformative. To his family, we say thank you for sharing him with the nation. May his soul rest in peace, and may we all carry forward the light he ignited.”

 

 

Other notable speakers included Mr. Emmanuel Ikazoboh, former Interim Administrator, NSE; Mr. Oscar N. Onyema, OON, former Group CEO, NGX Group; Mr. Olufemi Akinsanya, Chairman of NGX Regulation; Mrs. Elizabeth Ebi, Managing Director, Futureview Group; and Mr. Frank Aigbogun, Publisher/CEO of BusinessDay Media.

 

 

The ceremony concluded with the symbolic Closing Gong Ceremony, not as a farewell, but as a reaffirmation of the values of integrity, excellence, and service to humanity, Dr. Dozie championed.

“Coronation Insurance Hosts Business Protection Webinar For Corporates And Entrepreneurs 

 

 

In Nigeria’s dynamic business environment, entrepreneurship is booming—but so are the risks. From fire outbreaks and theft to liability claims and sudden business interruptions, entrepreneurs face a range of unpredictable threats that can shake even the most promising ventures. Yet, too many business owners still see insurance as an afterthought.

 

Coronation Insurance Plc is hosting the next edition of its Webinar Series titled, “Business Protection Insurance: What Every Entrepreneur Should Know,”.

 

It is tailored for entrepreneurs, SMEs, and business owners looking to secure their growth and future. Why you should attend  In the rush of managing day-to-day operations, many business owners neglect one key asset—protection. The reality is that one unexpected event could derail years of effort. Insurance is not just a fallback plan; it is a strategic tool for long-term sustainability and growth.

 

Without adequate protection, businesses expose themselves to risks that could lead to devastating losses.

 

The right insurance cover is essential for safeguarding your assets, your employees, and your business’s future.

 

This webinar will shift perspectives and help entrepreneurs understand how the right insurance cover can be the difference between bouncing back or shutting down.

 

What to Expect: ·Practical insights into the unique insurance needs of SMEs, startups, and growing ventures. ·Real-life case studies showcasing how insurance helped businesses survive crises. ·An expert breakdown of essential cover types like property, liability, business interruption, etc. ·A live Q&A session where attendees can ask questions and get actionable advice. ·A spotlight on how Coronation Insurance supports business owners with tailor-made solutions across industries. Our Experts are here to help you make the right decision Gain firsthand insights from a powerful lineup of speakers spanning insurance, finance, business strategy and entrepreneurship. These industry trailblazers will break down the essentials of business protection using real-life scenarios and simple, relatable terms. Whether you are just starting or scaling up, our experts will help you understand the risks, navigate uncertainties, and make smart, protective decisions for your business. Save the Date:  Date: Thursday, May 15th, 2025 Time: 10:00 AM – 12:00 PM (WAT) Location: Virtual Event (Zoom) Register Now and take the first step towards safeguarding your business: Secure your spot: https://tinyurl.com/CIP-Webinar-2 For More Information: – Visit our website: www.coronation.ng – Call us at: 02-012774500 – Email us at: info@coronationinsurance.com.ng

Cascador And Sterling Bank Launch $2M Fund To Redefine SME Lending In Nigeria

Cascador, Nigeria’s premier accelerator for mid-stage entrepreneurs, has announced a landmark partnership with Sterling Bank to launch a bold new debt funding model to unlock growth for Africa’s most promising ventures.
Backed by a $2 million Catalytic Fund, the partnership introduces flexible, founder-friendly financing for Cascador alumni; pairing low-interest debt with business mentorship, tailored repayment terms, and dramatically reduced collateral requirements.
“This is a breakthrough moment for Cascador and for the entrepreneurs we serve,” said Dave DeLucia, Founder of Cascador. “Through our partnership with
Sterling Bank, we’re deploying capital in a way that’s truly catalytic -pairing mentorship and education with access to capital that’s structured around the real-life cash flows of growing
businesses.”
Sterling Bank will serve as fund custodian and structuring partner, offering entrepreneurs access to a diverse portfolio of instruments, from equipment loans to revenue-based financing, designed for mid-stage SMEs in sectors critical to Nigeria’s future: healthcare, logistics, education, manufacturing, agri-business, and financial inclusion.
“We’re proud to support purpose-driven entrepreneurs with capital that meets them where they are -flexible, affordable, and designed around the realities of building a business in Nigeria,” said Abubakar Suleiman, Managing Director and CEO of Sterling Bank. “This isn’t just about funding, it’s about creating a new kind of financial support system that prioritises impact over formality and progress over paperwork. We hope
the fund presents a new model for capital deployment -one that other institutions and private investors across the continent can adopt to unlock the potential of Africa’s entrepreneurs.
Unlike conventional lending, the Sterling-Cascador model emphasises trust, traction, and long-term viability.
Beneficiaries will enjoy custom repayment plans and reducedrisk lending, supported by a first-loss guarantee from Cascador and technical
assistance from leading business advisors.
Applications for the Catalytic Fund opened February 14th and will culminate in a highprofile, invitation-only Pitch Day on May 14, 2025 where finalists will present to an elite investment committee composed of business leaders, faculty advisors, and investment professionals. Cascador will allocate both debt and equity funding based on impact, business viability, and long-term growth potential.
Additional partners include the Nigeria Sovereign Investment Authority (NSIA) and the Development Bank of Nigeria (DBN), who will sponsor innovation awards for top performing ventures at the Pitch Day event.
Since 2019, Cascador has supported over 60 entrepreneurs who have collectively raised more than $55M and created thousands of jobs across the continent. The launch of the
Catalytic Fund, and the collaboration with Sterling Bank, represents a powerful new chapter in Cascador’s mission to strengthen Africa’s entrepreneurial ecosystem.
Entrepreneurs are encouraged to apply for admission to Cascador’s 2025 accelerator program and, ultimately, eligibility for the Catalytic Fund.
About Cascador
Cascador is an annual, intensive program focused on developing mid-stage Nigerian entrepreneurs who are scaling mission-driven companies. Through a unique blend of
education, mentoring, and personalized support, Cascador empowers entrepreneurs to make a positive impact through job creation, innovation, and development of opportunities for
underprivileged and marginalized communities. Learn more at cascador.org.
About Sterling Bank
Sterling Bank is a leading Nigerian commercial bank and one of Africa’s most progressive financial institutions, widely recognized for its bold approach to customer advocacy and ethical
banking. From eliminating local transfer fees through its OneBank platform to championing inclusive access to capital, the bank has consistently led with impact. Renowned for its HEART
of Sterling strategy, which focuses major investments into the Healthcare, Education, Agriculture, Renewable Energy, and Transportation sectors of the Nigerian economy, Sterling
continues to build financial solutions that go beyond banking to enable dignity, mobility, and opportunity for millions of Nigerians. Explore Sterling Bank offerings at sterling.ng.
CSCS Launches Innovative *7270# USSD Code  Service

CSCS Launches *7270#, USSD Code Service – Nigerian CommunicationWeek
 Central Securities Clearing System PLC (CSCS), proudly announces the launch of *7270#, its Unstructured Supplementary Service Data (USSD) code service, set to go live on May 8th, 2025. The USSD code service is an innovative solution designed to enhance the ease and accessibility of investment services for all users. This service leverages the network capabilities of MTN Nigeria to bring unparalleled convenience to investors.
Driven by a relentless commitment to innovation, CSCS aims to revolutionize information access within the Nigerian capital market through this USSD code service. As the Central Securities Depository (CSD), CSCS focuses on enhancing investor experiences and providing deeper market insights with unparalleled convenience.
The CSCS USSD code service offers seamless access to essential market information directly from mobile phones, eliminating the need for internet connectivity or specialized trading platforms. Investors can now effortlessly retrieve Clearing House Number (CHN), check Direct Cash Settlement (DCS) status, view stock positions, account balances, and account status confirmations.
Haruna Jalo-Waziri, Managing Director and Chief Executive Officer of CSCS, said ” We are excited to launch the *7270# USSD code service, a significant step in leveraging mobile technology to democratize access to account and portfolio information. This service empowers every investor, regardless of their location or resources, to stay informed about their investments. At CSCS, we believe that financial inclusivity is key to driving economic growth.”
“Our partnership with MTN Nigeria on this project represents a significant leap toward a more inclusive financial landscape, leveraging the spread of the MTN network. This collaboration enhances the investing experience, reinforcing our shared commitment to empowering individuals with the tools they need to manage their financial futures effectively.” he added.
The CSCS USSD code service will initially be available to MTN users only. However, CSCS plans to expand this service to other networks soon. This innovative service offers investors streamlined and secure access to critical market information at their fingertips.
Aisha Umar Mumuni, Chief Digital Officer of MTN Nigeria, commented “This collaboration with CSCS on the *7270# USSD service underscores MTN’s commitment to harnessing the power of mobile technology to simplify complex processes for our users. By making critical investment information available at the touch of a button, we are helping to democratize access to the capital markets and, in the process, enhance investor engagement and market transparency.”
CSCS continues to lead the way in technological advancements, reinforcing its position as a pivotal player in the Nigerian capital market ecosystem. This initiative underscores our dedication to enhancing market efficiency and empowering investors with the tools they need for informed decision-making.
About CSCS
The Central Securities Clearing System (CSCS) is a Public Limited Company with a diversified shareholder base, including the Nigerian Exchange Group, some of the largest banks in Nigeria, private equity firms, investment banks and other corporate and individual shareholders.  With over two decades of operation, serving as the Central Securities Depository for the Nigerian Capital Market, CSCS has been pivotal to the growth and transformation of the capital market, including its audacious full dematerialization of share certificates and shortening of the settlement cycle in the capital market.
CSCS serves as the Central Depository for Equities, Commercial Papers, Corporate Bonds, Sub-National Bonds, certain Sovereign Bonds (such as the FGN Sukuk and the FGN Savings Bond), Equity-traded Funds, Real estate Investment Trusts, Mutual funds and Commodities. CSCS is licensed and regulated by the Securities and Exchange Commission (SEC). The activities of CSCS are governed by the Investment and Securities Act 2007, the Companies and Allied Matters Act 2004, and the SEC Rules.
Leveraging digital technologies, CSCS serves its participants, institutional investors, and retail investors through varying channels, including its web portal, www.cscs.ng; online and mobile applications; web chatbot; Data Exchange platforms; and customer service call center, 070 CALL CSCS—070022552727 or 01 448 0500, amongst others.
Unity Bank Launches GenFi, Targets Children, Teens with Gamified Banking Platform

In a bold move to redefine promotion of financial literacy, Nigeria’s retail lender, Unity Bank Plc, has unveiled GenFi, a new digital banking platform tailored to empower kids and teenagers between the ages of 8 and 18 with essential financial skills.

The launch follows a report by the Central Bank of Nigeria, which found that only 38% of Nigerian adults are financially literate. This alarming statistic underlines the urgent need for early financial education.

GenFi, therefore, aims to reverse this trend by offering young users the platform to manage money effectively, aggregate and track allowances or income, set and achieve savings goals, and develop smart spending habits with parental guidance.

Speaking at the official launch event in Lagos, the Managing Director/Chief Executive Officer (Ag) of Unity Bank Plc, Mr. Ebenezer Kolawole, said the launch of the Genfi App represents a significant milestone since Unity Bank’s foray into retail Banking started several years ago, adding that “as the Bank continues to evolve, the institution is constantly innovating with technology to enable us drive more financial inclusiveness in different segments of the market”.

Mr. Kolawole explained that Genfi was inspired by the desire to nurture a financially savvy generation, and empower them to make smarter financial choices.

He said, “GenFi is short for Generation Finance, and with this app, the Bank is pioneering solution designed to empower Children, Teenagers, particularly Gen Z and Gen Alpha, with essential financial literacy skills and a Personal Finance Management Solution.

“GenFi is a market proposition that helps us address a critical knowledge gap among our kids and Teens as it also connects with the strong passion of parents desirous to empower their wards with financial literacy.”

Similarly, the Divisional Head of Retail and SME Banking at Unity Bank, Mrs. Adenike Abimbola, described GenFi as a financial product that goes beyond Banking: hence a financial literacy ecosystem designed to inculcate financial literacy skills amongst Nigerian Children through an engaging and gamified platform.

“Financial literacy is not a luxury. It’s a life skill. And like most life skills, the best time to learn is from childhood. That’s why we created GenFi, not just as a banking app, but as an interactive experience that nurtures discipline, planning, and financial independence from an early age,” Abimbola explained.

The Genfi platform leverages behavioural science and gamification to make financial learning fun and practical. Parents can monitor transactions, guide financial behaviours, and initiate real-life conversations around money management, thereby promoting not just financial skills, but also stronger family bonds.

“Imagine a 12-year-old setting a goal to save for a bicycle, not only are they learning to save, but they are also learning patience, discipline, and the value of delayed gratification. That’s the GenFi advantage,” said Abimbola.

Speaking after the launch, one of the students who attended the launch event, Master Ajayi Favour of Victoria Island Junior Secondary School, described Genfi as an “innovative banking solution that will equip children and teenagers with financial intelligence, management, and independence.” He expressed confidence that the app will gain global reach and become popular among the target demographics.

Also, a guest at the launch and school proprietor, Sylvia Ezeora, described the Genfi app as “user-friendly, educational, and motivational for children”. She noted that beyond teaching financial literacy, “the app empowers parents to reinforce positive behaviour through rewards for completed tasks and promotes responsibility”.

Another guest and parent, Genevieve Adindu, commended Unity Bank for the innovative solution, tailored for children aged 8 to 18, and noted that Genfi “provides a modern, engaging approach to instilling saving habits early in life, replacing traditional methods like the kolo with a more effective digital tool, thereby becoming a powerful companion for children’s financial education”.

GenFi is positioned as a national benchmark for youth-focused digital banking, with the potential to drive economic inclusion and sustainability across generations. The launch event was attended by key stakeholders from the education and finance sectors, technology partners, media, and young students who will be among the early adopters.