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Polaris Bank, NCF Expand Tree Planting Drive To Lagos, Ogun, And Kaduna States


Polaris Bank, in partnership with the Nigeria Conservation Foundation (NCF), has extended its nationwide tree planting campaign to three key locations: The Lekki Conservation Centre in Lagos State, the Federal University of Agriculture, Abeokuta (FUNAAB), Ogun State and Sardauna College Kaduna, Kaduna State.

 

The initiative, first launched in 2024 during the Bank’s World Environment Day commemoration, is part of Polaris Bank’s broader commitment to combating climate change, reducing carbon emissions, and promoting sustainable environmental practices across Nigeria.

 

The Lagos edition, which held at the iconic Lekki Conservation Centre, was attended by Executive Directors, Chris Ofikulu and Sharafadeen Muhammad, alongside partners from NCF.

 

Speaking at the event, Chris Ofikulu, Executive Director, Commercial and Retail expressed his appreciation to all participants at the Tree-planting exercise, noted that the initiative highlights the importance Polaris Bank attaches to environmental sustainability. He recalled leading the Bank’s first tree planting activity after its launch in 2024 at TASUED, Ogun State.

 

He further noted that the exercise aligns with the United Nations Decade of Ecosystem Restoration, a global movement dedicated to securing a greener future for generations to come. He emphasized that Polaris Bank sees sustainability not merely as a responsibility but as a business imperative.

 

He added that, through this initiative, Polaris Bank reaffirms its role beyond banking services and remains firmly in line with the collective goal of planting 10,000 trees.

 

Also speaking at the event, Sharafadeen Muhammad, Executive Director, Operations, emphasized that protecting the environment and the planet is a shared responsibility for the benefit of all.

 

He described the initiative as a commendable effort and encouraged the establishment of reserves that conserve nature while creating economic value. He further reaffirmed Polaris Bank’s commitment to supporting the tree-planting initiative.

 

In Ogun State, the Divisional Head, Ogun/Oyo, Yetunde Okeleye emphasized that the tree-planting initiative reflects Polaris Bank’s unwavering commitment to environmental sustainability. By planting economic trees across the country, including Ogun State, we are demonstrating that sustainability is not just a responsibility but part of our ethos as a Bank.

 

Our partnership with the Nigerian Conservation Foundation at the Federal University of Agriculture, Abeokuta, underscores our resolve to restore degraded land, prevent soil erosion, and combat climate change.

 

Through this initiative, Polaris Bank reaffirms its role as a driver of environmental stewardship and community well-being, while contributing to a greener and more sustainable future for generations to come.”

 

In Kaduna State, Mr. Kabir Lawal, Acting Group Head, North West, alongside the Bank’s staff from Kaduna business locations, reiterated, sustainability is not just a catchphrase but the Bank’s culture, a journey pursued with conviction.

 

Every decision we make is guided by environmental, social, and governance (ESG) principles, ensuring that we address environmental issues while empowering communities and driving inclusive growth.

 

He further said that the exercise at Sardauna Memorial College, in partnership with the Nigerian Conservation Foundation, is a testament to this commitment. Beyond reducing carbon footprints, our Tree-planting initiative restores degraded areas, prevents soil erosion, improves environmental health, and raises awareness on the importance of preservation.

 

The NCF commended Polaris Bank’s leadership, stressing that the selected trees comprising fruit bearing and shade providing species would serve multiple benefits, including erosion control, wind breaking, shade provision, and food security.

 

Community representatives from FUNAAB and Sardauna College Kaduna expressed gratitude to Polaris Bank and NCF for spearheading the initiatives, describing them as timely and impactful in addressing the global climate challenge.

 

Polaris Bank continues to integrate sustainability into its operations, ensuring that climate action and community development remain central to its long term growth strategy. Through collaborations like this, the Bank reaffirms its role as a catalyst for positive environmental and social impact.

“Dangote Group Leads Coastal Restoration Drive In Lagos”

The Dangote Group has been hailed for its leading role in environmental sustainability as the company took centre stage at the E1GP Lagos Mangrove Restoration Programme held at the Eko Park Mangrove Sanctuary, Lagos.
The event, which brought together top government officials, traditional rulers, community leaders, corporate sponsors, and international partners, was aimed at combating climate change and restoring Lagos’ fast-depleting mangroves.
Representing Governor Babajide Sanwo-Olu, the Deputy Chief of Staff, Mr. Sam Egube, who chairs the Local Organising Committee of the E1GP Lagos programme, said coastal restoration must be seen as a collective responsibility.
“This coastal restoration will restore communities. Mangroves represent a natural fightback, a nature-based solution to climate change. Together, we can create a Lagos that is greener, stronger, more resilient, and better prepared for the challenges ahead,” he said.
Speakers at the event described mangroves as the “lungs of the earth” and underscored their importance as natural carbon sinks, shoreline protectors, and habitats for biodiversity. They lamented the depletion of mangroves in Nigeria, stressing that the establishment of the Eko Park Mangrove Sanctuary, which covers four acres, is a vital step in reversing the trend through conservation, research, and restoration.
The Dangote Group’s contribution was among the most celebrated, as the company endowed the sanctuary with 10,000 mangroves. Speaking on behalf of the group, Dr. James Adenuga said:
“This is a very symbolic, community-driven initiative. We are glad to be part of it because it is happening just a stone’s throw from our refinery and fertilizer plant. We hope other organizations will follow this example.”
Traditional leaders, including the Baale of the host community, lauded the initiative, describing mangroves as lifelines that provide food, medicine, and coastal protection for generations.
Guests at the event were also treated to a tour of facilities at the sanctuary, including the African Mangrove Museum and the Plank Walkway, designed as a three-kilometre stretch similar to the popular Lekki Conservation Centre. The sanctuary is expected to officially open to the public in December 2025.
In a bid to further promote environmental innovation, the event also marked the launch of the world’s first Electric Boat Race, which Lagos will host under the E1GP programme. This will be followed by the Africa Blue Economy Summit, positioning Lagos as a hub for sustainable development.
The programme climaxed with a symbolic mangrove planting exercise, where participants adopted and tagged trees to monitor their growth.
The day’s activities, stakeholders agreed, underscored one message: while several organisations are involved in mangrove conservation, the leadership and example of the Dangote Group stand out as a model of corporate responsibility.
By investing in nature-based climate solutions and supporting restoration projects close to its refinery, the Group has demonstrated that environmental protection is not just the duty of government but a shared commitment for the future of Lagos and Africa.
Celebrate Chicken Month: Powering Nigeria’s Nutrition


Every year, Chicken Month highlights Chicken as one of the most popular and widely consumed sources of protein in the world. In Nigeria, where protein deficiency remains a pressing concern, Chicken Month is more than a celebration; it is a reminder of chicken consumption’s role in improving the nation’s nutrition and health.

No doubt, protein is a vital nutrient for everyone. It fuels children’s growth and learning, supports adults in maintaining strong muscles and energy, and strengthens immunity across all ages. Yet for many households, meeting daily protein needs can feel like a challenge.

That is why chicken stands out. It is one of the most practical solutions available- affordable, accessible, and adaptable to our everyday meals.

Chicken is more than just delicious. It is a lean source of high-quality protein, offering essential nutrients without the heavy saturated fats often associated with red meats.

This makes it a smart choice for families who want to enjoy tasty meals while also caring for their health. From stews to soups, grilled portions, or even our Nigerian jollof rice, chicken fits seamlessly into Nigerian cuisine, proving that eating well does not have to be complicated or costly.

Beyond nutrition, chicken also represents versatility. Families can make the most of every part; from drumsticks and thighs to gizzards and liver etc, ensuring nothing goes to waste. With thoughtful cooking methods such as boiling, steaming, or grilling, chicken retains its nutrients while meeting the diverse tastes of both children and adults.

Chicken Month is an opportunity for Nigerians to rethink how they approach protein in their diets. By choosing chicken more often, families can take simple but powerful steps toward closing the protein gap and building healthier communities.

This Chicken Month, Right To Protein encourages every household to see chicken as not just a meal option, but as a daily commitment for better nutrition and a stronger future. Adding more protein to the plate is a simple way to open the door to better health and better living.

Sunday Thomas Honoured at NAIPE 10th Annual Conference, Says NIIRA Will Revolutionize Insurance Sector

‎The immediate past Commissioner for Insurance/CEO, National Insurance Commission (NAICOM), Mr. Olorundare Sunday Thomas, has commended the Nigerian Association of Insurance and Pension Editors (NAIPE) for honouring him with an Award of Excellence.

‎Mr. Thomas was honoured by NAIPE with an Award of Excellence, for his contribution to the growth of the industry and his support for insurance journalists, during the Association’s 2025 National Conference with the theme “Strengthening Pension and Insurance Framework For A Better Economy,” held in Lagos recently.

‎Expressing excitement for the award, Thomas who was the Chairman of the occasion, said he did what he did then in all sense of sincerity without anticipating any reward from any quarter, just as he promised to continue to do more for the good of the journalists and the industry as a whole.

‎“All that I did then, I did them with all sense of sincerity because I knew it was necessary for me to do them. I was not doing them in anticipation of any reward. But today you people choose to honour me with an award. This is quite surprising and I am excited. On behalf of my family, I want to sincerely thank NAIPE for finding me worthy of this. I am not taking it lightly,” he said.

‎Commending members of NAIPE for the award and for sustaining their reportage of the pension and insurance sectors, he said, “Some of us are fortunate to be around when they started, we know through thick and thin, they have been able to go this far, they have been able to impact on the two sectors, thereby providing relevant information to the stakeholders.

‎“Apart from this award, I want to thank NAIPE for the good things they have been doing for the industry. As long as I am alive, I will continue to associate with the association, to ensure they continue to contribute their quota to the growth of the industry. Any time you call me, be rest assured that I will answer you.”

‎On the Nigerian Insurance Industry Reform Act (NIIRA) 2025, recently signed into law by President Bola Ahmed Tinubu, Thomas said the Act if properly implemented, will take care of all stakeholders and revolutionise the nation’s insurance sector to contribute significantly to national growth.

‎“Looking at where we are today, I want to congratulate the President, for signing the Nigerian Insurance Industry Reform Act (NIIRA) 2025 into law, whose journey started in 2008. NIIRA will transform and revolutionise the insurance sector. The extent the law will go, in terms of achievement, will depend on both the implementers and the industry, and the response to the content of that law will determine the extent of achievement. But one thing I am so sure of, is the fact that the platform has been set for its achievement, in terms of taking care of all the stakeholders: consumers are protected, shareholders are protected, and operators are protected.

‎“Of course, strengthening the sector with the formalisation of Risk-Based Capital will go a long way, in which case, we don’t need to operate at the same level – be where you have capacity to be,” Thomas added.

‎On how insurance and pension sectors can contribute to the achievement of President Tinubu’s one trillion dollar economy, the former NAICOM boss said, “There is no doubt that pension sector has asset under management of over N24 trillion, and insurance sector with an asset base of about N4.4 trillion.

‎“I believe that we are in a good position to begin to look at the possibility and realisation of President Bola Ahmed Tinubu’s vision for having an economy with a one trillion dollar Gross Domestic Product (GDP).

‎“I think we are on course, though we need to gain speed by 2030, which is five years from now. I believe that with these laws, and the people managing the sector, we will be able to take our rightful position in effectively contributing to President Tinubu’s vision.”

Africa Must Be On The Table In Global Agenda, Says FIRS Chairman

L-R, The Executive Secretary, African Tax Administration Forum (ATAF), Ms Mary Baine with the chairman, Federal Inland Revenue Service (FIRS) during the former’s visit to the latter in Abuja, on Tuesday. Photo credit: Victor Onarinde.
By Fidelia Okafor 
The African Tax Administration Forum (ATAF) has thrown its weight behind Nigeria’s tax reforms which culminated in the new tax laws, describing them as necessary for economic growth and development.
The recently-inaugurated Executive Secretary of the continental body, Ms Mary Baine, made the support known during a visit to the chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, in Abuja, on Tuesday.
A statement by Dare Adekanmbi, Special Adviser on Media to the FIRS chairman said ATAF stands by Nigeria in reforming its fiscal landscape and pledged the readiness of the body to give technical support in areas that would help in realising the gains of the reforms.
She referenced how the organization had helped Zambia to build capacity in the area of raising revenue from mining, promising to offer support to Nigeria in the same area.
According to her, ATAF is willing to leverage Nigeria’s continental and global influence to mobilise member-countries to strengthen the organisation.
“When you look at the strategic vision of FIRS, we see the things you are doing and the way you’re changing the tax system, the kind of reforms and the time that it has taken and of course the movement forward.
“So, we applaud you, and I wanted to say that ATAF is here to say that we stand with you, we applaud you, and we’re ready to provide whatever support that could lead to its success.
“In terms of your strategic vision— people, technology and data, we find that this is something that is really critical for the rest of the continent and that it is an area where ATAF will be happy to support as well,” she said.
The FIRS chairman, while welcoming the visitors, expressed confidence in the capacity of the Executive Secretary to lead ATAF to glory.
He charged Africans to look inwards for homegrown solutions to challenges, stressing that salvation cannot come from the Western world.
“My belief has always been that solutions to Africa’s challenges can only come from Africa. There is no free lunch anywhere. I have said that I don’t believe in aids; I believe in cooperation.
“There is a saying that when you are not on the table, you are definitely on the menu. So, Africa must be on the table and that is it. We should stop being on the menu. That is my charge to you.
“So, the expectation from us as a continent is also to bring what we can contribute to the work, most especially in tax matters.  For us, we have to evolve our own fiscal policies which is what Nigeria has done with the new tax laws.
“Before now, we had tax laws that were colonial relics. We had the Stamp Duties Act of 1939 which was enacted when there was no internet,” he said.
President Tinubu To Inaugurate Renovated National Arts Theatre On Nigeria’s 65th Independence Anniversary

 

As part of activities commemorating Nigeria’s 65th Independence Anniversary, President Bola Ahmed Tinubu will on Wednesday, October 1, 2025, officially inaugurate the newly renovated National Arts Theatre, Iganmu, Lagos. The historic project, executed by the Central Bank of Nigeria (CBN) and the Bankers’ Committee as part of their commitment to giving back to the nation, marks a bold investment in Nigeria’s cultural heritage and creative future.

 

President Tinubu, who in July 2024 renamed the edifice the Wole Soyinka Centre for Culture and the Creative Arts in honour of the Nobel Laureate, will lead a distinguished gathering of state governors, members of the National Assembly, the diplomatic corps, captains of industry, academics, cultural ambassadors, and youth leaders.

 

In a joint statement, the CBN, the Bankers’ Committee, and the Federal Ministry of Arts, Culture and Creative Economy underscored the theatre’s reopening as both a celebration of Nigeria’s rich cultural legacy and a launchpad for its creative industries. While the renovation was financed and delivered by the CBN and the Bankers’ Committee, the Ministry’s partnership in programming, policy alignment, and stewardship of Nigeria’s cultural ecosystem ensures that the rejuvenated National Theatre will serve as a truly national asset.

 

The reopening will feature performances by the National Troupe and other leading artists, along with special remarks from Prof. Wole Soyinka. CBN Governor Olayemi Cardoso will deliver the welcome address, with goodwill messages from Lagos State Governor Babajide Sanwo-Olu and the Honourable Minister of Arts, Culture, Tourism, and Creative Economy, Hannatu Musawa.

 

Upgrades to the facility meet the highest global standards for theatre and performance. Key improvements include a completely overhauled HVAC system, enhanced fire safety measures, new electrical, water, and sewage systems, advanced audio-video-lighting technology, world-class stage engineering, 17 new passenger lifts, solar power integration, refurbished interiors and furniture, and the restoration of historic artworks across the façade and interiors.

 

Ahead of the inauguration, CBN Governor Olayemi Cardoso noted: “This is not just an edifice; it represents our history and culture. The transformation of this landmark into a world-class facility is a testament to the Nigerian spirit.”

 

Governor Sanwo-Olu added: “The Wole Soyinka Centre for Culture and the Creative Arts (National Theatre) will not only showcase arts, tourism, and culture, but will also serve as a world-class venue for global conferences and performances.”

 

Minister Hannatu Musawa described the project as “a gift to the nation and a source of pride. The successful renovation of the National Theatre marks a milestone in our collective effort to preserve cultural assets while creating new opportunities for the creative industry.”

 

Originally constructed under the Yakubu Gowon military regime and completed in 1976 under General Olusegun Obasanjo, the National Theatre famously hosted FESTAC ’77, the Second World Black and African Festival of Arts and Culture. With this transformation, it now stands ready to host the next era of Nigeria’s cultural and creative renaissance.

CBN Governor Champions Next-Gen Leadership With New National Lecture Series

 

CBN Governor champions next-gen leadership with new national lecture series  - Worldstage

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, will deliver a landmark lecture at Lagos Business School on Friday, October 3, 2025. The lecture, titled “Next Generation Leadership in Monetary Policy & Nation Building,” marks the launch of the CBN Governor’s Lecture Series, the first in a series of thought-leadership discourses to be held in collaboration with leading tertiary institutions across the country over the next three years.

This inaugural edition also commemorates the second anniversary of Team Cardoso’s leadership at the Central Bank of Nigeria, a period defined by renewed focus on price stability, institutional transparency, and anchoring monetary policy to the everyday realities of Nigerians.

The Governor’s Lecture Series, part of Mr. Cardoso’s broader Knowledge Acceleration and Thought Leadership Initiative, is central to the CBN’s strategy of deepening public understanding and strengthening the transmission of monetary policy. It aims to foster dialogue, promote innovation, and advance an inclusive financial system that works for all Nigerians, while positioning the country as a leader on both the African and global stages.

Since assuming office in September 2023, Mr. Cardoso has consistently emphasized linking central banking to the daily realities of citizens. He has stressed that the Bank’s core mandate, safeguarding price stability, is essential to driving sustainable economic growth and protecting livelihoods.

“Nigeria is at a pivotal moment, where technology, global financial realignments, and the energy of its youthful population are reshaping its economic future. Innovation must be harnessed intentionally and confidently, particularly by institutions like the CBN,” Cardoso noted in an earlier engagement.

The lecture is expected to attract senior policymakers, industry leaders, academics, and students, underscoring the crucial role of monetary policy in fostering stability, growth, and national development.

Nigerian Insurers Set To Host 250 Delegates For 2025 WAICA Conference In Lagos 

The Nigerian Insurance Industry is set to host no fewer than 250 foreign and local delegates for the 2025 West Africa Insurance Companies Association (WAICA) Education Conference, scheduled to take place from Sunday, 12 October to Wednesday, 15 October 2025 at the Grand Ballroom of Eko Hotel & Suites, Victoria Island, Lagos, Nigeria.
This year’s conference, organized by the Nigerian Insurers Association (NIA) with the theme “The West African Insurer in the Face of Climate Change,” will bring together insurance practitioners, regulators, policymakers, and thought leaders representing countries across the West African sub-region.
Member countries of WAICA, namely Nigeria, Ghana, Sierra Leone, Liberia, and The Gambia, will be represented, making the conference a truly regional platform for knowledge exchange, networking, and collaboration.
The conference will provide a strategic platform for deliberations on the impact of climate change on the insurance industry, as well as actionable strategies to safeguard the future of insurance education and practice.
It is particularly important for African insurers to engage in robust discussions on climate change, as the continent faces unique vulnerabilities such as extreme weather events, flooding, drought, and agricultural disruptions that directly impact businesses, communities, and livelihoods.
For insurers, these challenges translate into rising claims, increased risk exposures, and the urgent need for innovative products and risk management strategies. By coming together at the WAICA conference, African insurers not only strengthen their collective preparedness but also position themselves to engage competitively with their global counterparts in shaping sustainable insurance practices and climate resilience solutions.
Lagos State, Nigeria’s commercial hub and one of Africa’s most vibrant megacities, was carefully selected as the host destination of the conference for its unique blend of business dynamism, cultural heritage, and world-class hospitality infrastructure. With its strategic role as a financial hub, Lagos provides an ideal environment for fostering cross-border collaboration and knowledge exchange among West Africa’s insurance community.
On Sunday, 12 October 2025, the WAICA 2025 conference will begin with a Cocktail Welcome Reception at the Insurers House, Victoria Island, in Lagos.
The Honourable Minister of State, Ministry of Finance, Dr. Doris Uzoka-Anite, has confirmed to deliver the keynote address at the Opening Ceremony of the conference on Monday, 13 October 2025, while Mr. Olusegun Omosehin, Commissioner for Insurance, National Insurance Commission (NAICOM) is the Chief Host.
The Local Organizing Committee (LOC) for the 2025 WAICA Education Conference has assembled an array of eminent local and international insurance industry leaders, dignitaries, and technical experts who will speak on and critically dissect the theme and various sub-themes of the conference.
These include:
Dr. Abiba Zakaria, Ag. Commissioner of Insurance, Ghana
Mr. Wole Oshin, Group Managing Director, Custodian Investment Plc
Mr. Bockarie Kaloko, Deputy Minister of Finance, Republic of Sierra Leone
Ms. Tola Adegbayi, MD/CEO, Mutual Specialist
Following the paper presentations, three panel sessions will be held and chaired respectively by:
Mr. O.S. Thomas, Former Commissioner for Insurance, NAICOM
Alhaji Mohammed Kari, Former Commissioner for Insurance (NAICOM)/Wazirin, Bauchi
Ms. Olamipo Adeola, Head, Corporate Communication & Branding, Scib Nigeria & Co. Ltd.
Other programme highlights of the conference include:
Monday Evening Soiree – On 13 October 2025, Sponsored by Africa Reinsurance Corporation, at Eko Hotel & Suites.
Closing Dinner Ceremony – Tuesday, 14 October 2025 at Eko Hotel & Suites, sponsored by WAICA Reinsurance Corporation, at Eko Hotel & Suites.
Visit to Tourist Sites/ Departure – Wednesday, 15 October 2025.
The LOC have put in place adequate arrangements for the transportation and security of foreign delegates and other participants at the conference to ensure a seamless and safe experience throughout their stay in Lagos.
The 2025 WAICA Education Conference promises to be a landmark event, reinforcing regional cooperation and highlighting the critical role of insurers in responding to climate challenges while offering delegates a unique opportunity to experience the dynamism of Lagos.
Smart, NEM Chairman Applauds NAIPE On Award, Pledges Continuous Commitment To Insurance Growth

 

 

 

The chairman of NEM Insurance Plc, Mr. Tope Smart has appauded the Nigerian Association of Insurance and Pension Editors(NAIPE) for deeming him of deserving an Award of Excellence.

 

Tope Smart was one of the 5 Awardees of NAIPE Award of Excellence and Stewardship for the impact he made, not only in Nigeria but at the continental level as the past president of the African Insurance Organisation(AIO). Aside being the past group managing director/CEO.of NEM Insurance Plc, he was also the past chairman of the Nigerian Insurers Association (NIA), among others. In all these, Smart distinguished himself as exceptional operator and a friend and supporter of insurance journalists.

 

While receiving the award when the 2025 NAIPE Conference Committee members presented it to him. In his office in Obanikoro, Lagos at the weekend, Smart said, the accolade is a message for him to do more to ensure Insurance takes its rightful place in the national polity and discourse.

 

According to him, “I have a personal philosophy that what is worth doing is worth doing well. What shaped my perception was the derogatory image at which our Head of department in the University created about insurance companies in Nigeria then.

 

“He had highest regards for foreign insurers and disregard the local ones. From that moment, I decided that I must make a difference. So, when I joined the industry, I tried my best to be able to change the narrative.”

 

Referencing the NEM Building that has now become the face of Insurance on Ikorodu Road, he said; “the NEM building on Ikorodu road was built without any bank loan to the glory of God and it has become the envy of others.”

 

While apprecating every member of NAIPE, he said, he and the group have come a long way together.

 

“I run a business and I know it’s not easy to run a business. So, for you guys, especially, those who runs their media platforms, to be there with tenacity, despite all the struggles in the business operating environment, and still making a difference, it is commendable and I will continue to support your projects in a joint effort to develop insurance industty,” he pointed out.

 

On her part, the chairman of NAIPE, Mrs. Nkechi Naeche Esezobor appreciated the support and partnership of Mr. Tope Smart and his company, NEM Insurance over the years, saying, the group never took them for granted.

 

“This building(NEM Insurance) was what made many insurance companies to start making their building big. Every company coming in is looking at doing what NEM did because you have challenged them.

 

“Your efforts can never be in vain. As an association, we feel it is good to recognise people when they are alive. We appreciate what you have done for the industry and we felt we need to appreciate this feat in our 10th anniversary of organising our annual conference,” she noted.

 

Meanwhile, the chairman, 2025 NAIPE Annual Conference, Mr. Roland Okoro said, Mr. Tope Smart tick all the boxes when assessing the personalities to be awarded, calling on him not to rest on his oars towards deepening insurance acceptance, penetration and recognition.

Rex Insurance Managing Director Honoured at the BusinessDay Top 25 CEO Award


The 2025 edition of the prestigious BusinessDay Top 25 CEOs Awards, held on September
25, 2025, recognized the exceptional leadership of Mrs. Ebelechukwu B. Nwachukwu,
Managing Director of Rex Insurance, as one of the top 25 CEOs of the year. The award
ceremony, which brought together influential executives and industry experts, celebrated
men and women who have demonstrated extraordinary leadership, innovation, and
impact within their industries.
Ebelechukwu B. Nwachukwu was honoured for her remarkable contributions to Rex
Insurance, where she has guided the company through a transformative period of growth.
Under her leadership, Rex Insurance has achieved significant milestones, including
market expansion, technological advancements, and corporate responsibility initiatives.
Her vision has set new standards for success in the insurance industry sector.
Reflecting on being named one of the distinguished awardees, Ebelechukwu
Nwachukwu shared, “This recognition is a true reflection of the dedication and hard work
of the entire Rex Insurance team. Together, we have built a solid foundation for continued
innovation and success and I am immensely proud of all that we have accomplished.”
She further added” this is very humbling and means a lot, being recognized as one of the
Top 25 CEOs in Nigeria. It is also a testament to the work Rex Insurance has done over the
past 3 years of transformation. We have transformed the oldest insurance company into
Rex Insurance, using technology, grooming the best people and making sure that our
customers feel the impact of all the work that we have done, so it very rewarding to the
recognized with this award”.
Under her leadership, Rex Insurance has achieved significant growth and positioned
itself as a prominent entity in the insurance industry sector. The acknowledgment as one
of the country’s Top 25 CEOs Awards underscores her critical role in guiding the
company’s success and shaping its future direction. Since assuming leadership in
January 2023, she has spearheaded a transformative rebranding process, repositioning
the company as a digital-first, customer-centric insurer.

Under her guidance, Rex Insurance commissioned a state-of-the-art head office in

Victoria Island, Lagos, reflecting its renewed commitment to innovation, employee well-
being and operational excellence.

Mrs. Nwachukwu has driven strategic initiatives including the development of climate-
based agricultural insurance products and inclusive retail offerings, enhancing market

reach and relevance. Her leadership has also emphasized timely claims settlement and
superior customer experience.
With a strong focus on profitability, she introduced the 2025 theme “Building Synergy and
Growth,” aligning stakeholders toward sustainable financial performance. A seasoned
executive with over two decades in insurance, she continues to champion digital
transformation and shareholder value creation in Nigeria’s evolving insurance landscape.
The award ceremony was also attended by key members of the Rex Insurance leadership
team, including the company’s Executive Director – Business Development, Mr. Sunny
Uwagboi; General Counsel/ Company Secretary, Shiela Ezeuko; Chief Financial Officer,
Abayomi Kayode; Emmanuel Ndoh – Head, Brands & Events and Wilson Okoh-Esene –
Head, Corporate Communications & Customer Experience. Their presence highlighted
the collective effort and dedication that has driven the company’s growth and success
under Ebelechukwu Nwachukwu’s leadership. Together, they continue to drive the
mission of innovation, excellence, and positive impact across the industry.
The Top 25 CEOs Awards brought together the world’s leading business figures,
celebrating individuals whose performance, foresight, and dedication have made a
lasting impact on their industries. This year, the ceremony was attended by a
distinguished group of executives, all united in recognizing the exceptional contributions
of the top CEOs.
About Rex Insurance Limited (Rex)
Rex Insurance Limited (Rex) is licensed by the National Insurance Commission (NAICOM)
to offer the full range of general and special risks insurance products to the insuring
public. With decades of experience in the Nigerian market, Rex Insurance has an enviable
reputation for technical competence and financial strength.

With a vision of being the “Preferred Nigerian Insurance Company”, our strategic direction
within the next 5 years is to focus on growth and profitability with the aim of growing the
company’s gross premium written and be amongst the Top-Top-Tier general insurance
companies in the market.
Operating from twelve (12) business locations nation-wide to ensure maximum outreach
and accessibility, we have an unwavering dedication to our core values of Resilience,
Efficiency, eXellence, Integrity & Teamwork (REXIT).
For more information on REX, please visit:
Website: www.rexinsure.com
Facebook/Twitter/Instagram: rexinsure
LinkedIn: rexinsure

For more information, please contact:
Wilson Okoh-Esene
Head, Corporate Communications
Rex Insurance Limited
26E, Abdulrahman Okene Close
Off Ligali Ayorinde Street
Victoria Island, Lagos
Phone: 0802 718 4941
Email: w.okoh-esene@rexinsure.com
Web: www.rexinsure.com