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
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.
Airtel Africa announced today an agreement with SpaceX to bring Starlink’s high-speed internet services to its customers in Africa. Currently, SpaceX has acquired requisite licenses in 9 out of 14 countries within Airtel Africa’s footprint. Operating licenses for the other 5 countries are under process.
With this collaboration, Airtel Africa will further enhance its next-generation satellite connectivity offerings and augment connectivity for enterprises, businesses, and socio-economic communities like schools, health centres in even the most rural parts of Africa. Airtel Africa will also explore rural coverage expansion through cellular backhauling.
Airtel Africa and SpaceX will continue to explore other areas to promote digital inclusion in the continent as well as SpaceX’s ability to utilize and benefit from Airtel’s ground network infrastructure and other capabilities in Africa.
Airtel Africa MD and Chief Executive Officer Sunil Taldar said: “We remain deeply committed to our vision to enrich the lives of people of Africa. This partnership with SpaceX is a significant step to demonstrate our continued commitment to advancing Africa’s digital economy through strategic investments and partnerships. Next-generation satellite connectivity will ensure that every individual, business, and community have reliable and affordable voice and data connectivity even in the most remote and currently under-served parts of Africa.”
SpaceX Vice President of Starlink Business Operations Chad Gibbs said: “We are very excited to work with Airtel to bring the transformative benefits of Starlink to the African people in new and innovative ways.
Starlink is available in more than 20 African markets and this agreement with Airtel highlights how, once licensed, Starlink welcomes the opportunity to join forces with important industry leaders to ensure as many people as possible can benefit from Starlink’s presence.
The team at Airtel has played a pivotal role in Africa’s telecom story, so working with them to complement our direct offering across Africa makes great sense for our business.”
In President Bola Ahmed Tinubu’s “Renewed Hope” agenda lies a national call to action — to restore trust in public institutions, secure the country’s territorial integrity, and realign Nigeria’s governance with the expectations of a forward-looking people.
While this vision spans multiple sectors, from economic revitalization to social inclusion, none is more urgent or foundational than national security.
In this regard, the leadership of General Christopher Gwabin Musa, Nigeria’s 18th Chief of Defence Staff, offers a clear and compelling demonstration of how competent, visionary leadership can transform not only institutions but public confidence itself.
Born on December 25, 1967, in Sokoto, General Musa’s military journey spans over three decades of distinguished service.
A product of the Nigerian Defence Academy, he has augmented his professional training with a Bachelor of Science degree, an Advanced Diploma in Security Management from the University of Lagos, and a Master’s in Military Science from the International College of Defence Studies in China.
This blend of local grounding and international exposure reflects the intellectual preparedness that today’s military leadership demands.
General Musa’s career, defined by key command postings across conflict zones, is not just a chronicle of personal accomplishment—it is a mirror of Nigeria’s broader fight for stability, unity, and peace. From his leadership roles in Operation Lafiya Dole to his command of the Nigerian Army Infantry Corps, his operational legacy is one of courage under pressure and a rare ability to balance tactical decision-making with strategic foresight.
Under his stewardship, Nigeria’s military has seen a decisive shift in posture. General Musa has championed a transition from reactive defence mechanisms to proactive and offensive strategic doctrines. Operations have become more intelligence-driven, more technologically enabled, and more people-focused. One example stands tall in national memory: the successful rescue of 330 Chibok schoolgirls from the clutches of Boko Haram insurgents in the dense terrain of Sambisa Forest.
This operation — meticulously planned and effectively executed — did more than return daughters to their families; it restored belief in the Nigerian military’s capacity to deliver on its mandate.
This renewed efficiency has not come by chance. General Musa has prioritized the modernization of military hardware and the integration of new technologies, including drone surveillance, cyber defence capabilities, and encrypted communications.
These upgrades, while often discussed in policy circles, have been implemented under his watch with speed and precision. The result is a military better equipped to confront asymmetric threats, whether from insurgents, bandits, or cyber terrorists.
Yet, perhaps one of the most commendable aspects of General Musa’s leadership is his commitment to ethical warfare and human rights. He has consistently advocated for adherence to international humanitarian laws, and under his watch, the Armed Forces have adopted codes of conduct that emphasize the protection of civilians, accountability in combat operations, and zero tolerance for abuse. In a region where accusations of military excesses have often marred counter-insurgency efforts, this emphasis on professionalism has helped rebuild the credibility of Nigeria’s Armed Forces both at home and abroad.
Crucially, he has also invested in military-civilian relations. Recognizing that local intelligence is the lifeblood of successful operations, General Musa has fostered partnerships with community leaders, civil society organizations, and traditional institutions. These engagements have not only improved information flow but have also cultivated a spirit of mutual trust between the Armed Forces and the citizens they protect — an often-overlooked but essential component of sustainable peace.
On the structural front, General Musa has introduced and expanded the concept of “Super Camps” — fortified military hubs strategically located to ensure rapid response and sustained pressure on insurgent groups. These camps have proven effective in launching agile operations, disrupting terrorist enclaves, and reclaiming lost territories. Complementing these efforts is a renewed focus on troop welfare: improved barracks conditions, timely payment of allowances, enhanced healthcare access, and mental health support systems have all contributed to higher morale and better performance in the field.
Moreover, General Musa has been instrumental in deepening Nigeria’s defence diplomacy. Through military exchanges, joint training programs, and intelligence-sharing partnerships with allied nations, Nigeria’s Armed Forces are now benefiting from global best practices. His approach reflects a clear understanding that security in the 21st century is a collaborative endeavor that transcends borders.
His leadership of “Operation Hadin Kai,” in particular, exemplifies this shift in mindset. Moving beyond containment, the operation now targets the roots of insurgency through psychological operations, rehabilitation of defectors, and reintegration programs — all strategies that speak to a broader and more humane understanding of security as both physical and psychological.
As Nigeria confronts its many security challenges — from terrorism in the northeast to separatist agitations and transnational crime — General Musa’s leadership has brought a sense of stability and strategic continuity to a volatile landscape. He has not only fought battles on the field but also restored the internal architecture of military command with discipline, foresight, and integrity.
In the context of President Tinubu’s “Renewed Hope” vision, General Christopher Musa is a crucial asset. His leadership represents the fusion of strength and strategy, of force and foresight. As the country looks to rebuild trust in its institutions and strengthen the social contract between the state and its people, the military — under Musa’s guidance — is emerging not just as a fighting force, but as a unifying institution capable of upholding the values of democracy, rule of law, and national pride.
In a time of great uncertainty, Nigeria must hold on to its exemplars. General Musa is one such figure — steady, focused, and aligned with the ideals of national rebirth. His story is not just that of a soldier. It is the story of Nigeria’s capacity to evolve, defend itself with dignity, and lead with purpose.
President Bola Tinubu will meet with the leadership of electricity-generating companies over the N4 trillion power sector debt.
A statement by the Special Adviser, Strategic Communications and Media Relations to the Minister of Power, Adebayo Adelabu, Bolaji Tunji, on Sunday, said the Federal Government vowed to urgently address the debt following high-stakes talks between Adelabu and chairmen of Generating GenCos in Abuja on Tuesday.
He said FG’s intervention is aimed at averting an imminent collapse of the power infrastructure in the country.
According to the statement, the minister assured GenCos executives that the government would prioritise immediate payment of a significant amount out of the N4tn debt, while the balance would be defrayed through other debt instruments.
He said this would be proposed in a meeting being planned between President Tinubu and GenCos’ leadership.
“There is need to pay a substantial amount of the debt in cash. At the minimum, let us pay a substantial amount, then ask for a debt instrument in promissory notes to pay the rest”.
He assured the payment of the outstanding balance within six months through financial instruments such as promissory notes.
“We recognise the urgency of this matter. The government is committed to resolving this debt to stabilise the sector and prevent further crisis,” Adelabu stated, adding that the president would meet with GenCos leadership to fast-track the process.
The GenCoS were led by the Chairman of Mainstream Energy Solutions, who is also the Chairman of the Association of Power Generating Companies (APGA), Col. Sani Bello, who had earlier sounded the alarm over the sector’s dire state, citing the N4tn debt as a critical threat to operations.
He also warned that liquidity challenges had left GenCos unable to secure loans or maintain infrastructure. “Without urgent intervention, the entire power ecosystem could collapse,” he stressed.
Kola Adesina, Chairman of Egbin Power and First Independent Power Limited, echoed the urgency: “This is a national emergency. Everything hinges on power—industries, homes, hospitals. We cannot afford to let the sector fail.”
Adelabu acknowledged the government’s role in the sector’s struggles, pledging to not only clear the debt but also implement reforms to ease operational bottlenecks. He emphasised the need for full liberalisation of the power sector, urging Nigerians to embrace cost-reflective tariffs.
“Citizens must pay the appropriate price for the energy consumed. The Federal Government will continue to provide targeted subsidies for economically disadvantaged Nigerians. We have to understand that our economy cannot sustain subsidies indefinitely,” he asserted, calling for public sensitisation campaigns to drive compliance.
Dr. Joy Ogaji, CEO of APGC Power, detailed systemic challenges undermining GenCos, including chronic payment defaults, erratic gas supply, and foreign exchange volatility.
She noted that the naira’s plunge from ₦157/$1 in 2013 to ₦1,600/$1 had devastated maintenance budgets and loan repayments.
“GenCos have borne unsustainable risks—from grid failures to unproductive taxes—while remaining patriotic,” she said.
The minister outlined plans to transition the sector toward sustainability, including regulatory reviews to reduce levies and enhance market stability.
He also urged GenCos to collaborate on advocacy efforts to educate Nigerians on efficient electricity use and tariff realities.
Nigerian businessman Aliko Dangote, has unveiled plans for a massive sugar refinery project in Ghana, aimed at curbing the country’s reliance on sugar imports and boosting local agro-industrial capacity.
Announcing the development in a LinkedIn post, Dangote revealed that the new facility, Dangote Sugar Refinery, will be located in Kwame-Danso, Bono Region, and is set to become a cornerstone of Ghana’s industrial transformation.
“We’re thrilled to announce the launch of a major agro-industrial project in Kwame-Danso, Bono Region: Dangote Sugar Refinery,” Dangote wrote, describing the venture as “a new chapter” in Ghana’s economic journey.
The project, which falls under Ghana’s ambitious One District, One Factory (1D1F) initiative, is expected to significantly reduce the country’s annual sugar import bill, currently estimated at US$162 million.
Key features of the Dangote Sugar refinery project include, daily sugarcane crushing capacity of 12,000 tons, Irrigation infrastructure spanning 25,000 hectares of farmland and Production lines for sugar, molasses, and ethanol.
Dangote confirmed that all required permits have been secured and land acquisition processes finalized, clearing the path for full-scale implementation.
“With land secured and necessary permits obtained, we’re moving forward with the support of Ghana’s ‘One District, One Factory’ initiative,” he stated. “This project tackles Ghana’s US$162 million sugar import bill while fostering a sustainable, homegrown solution.”
Beyond the refinery’s economic potential, Dangote emphasized the broader impact of the initiative on the African continent.
“At Dangote, we envision more than just a factory. We see a catalyst for economic independence, job creation, and transformative impact across Africa. Join us in shaping the continent’s future,” he added.
The launch marks Dangote Group’s growing footprint in West Africa and aligns with broader regional efforts to enhance food security, industrial output, and employment. The project is expected to generate thousands of jobs across farming, logistics, and manufacturing sectors in Ghana.
Organisers of Cycling Lagos, Nigeria’s biggest cycling event, have announced the commencement of online registration for the 4th edition, scheduled for Saturday, May 31, 2025.
This year’s event, themed “Sustainable Energy”, is expected to attract thousands of cyclists from across the country.
Speaking in Lagos, Bamidele Adeleye, Managing Director of BrandEscort Communications and Convener of the event, urged interested participants to visit www.cyclinglagos.com to register.
“As we gear up for the 4th edition of Cycling Lagos, we are committed to delivering a bigger, better, and more exciting experience. Registration is free, but participants must have a bicycle and a helmet. Organisers will provide event jerseys for all registered cyclists.”Adeleye said.
He also encouraged early registration, noting that slots are limited.
The 2025 edition will feature five categories: professionals, celebrities, children, corporate teams, and amateurs. The children’s race will be held alongside the main event at Teslim Balogun Stadium, Surulere.
The Cycling Lagos event which further promotes cycling as a major sporting activity in the country, was designed to encourage Nigerians to embrace a culture of health and fitness by riding bicycles in their various communities. The event also serves as a platform to showcase the vibrant city of Lagos as Africa’s premier destination for investment and tourism.
The annual event is supported by the Lagos State Sports Commission and the Lagos State Cycling Association.
Registration for the 2025 edition closes on Monday May 26, 2025.
L-R: Managing Director, Nitro 121 Marketing And Advertising, Lampe Omoleye; Convener, The Industry Summit 6.0, Goddie Ofose; Marketing Consultant, Toyin Nnodi; and Co-founder/CEO, Innova Hive Integrated Ltd, Stanley Oni; during The Industry Summit 2025 held in Lagos recently.L-R: Group CEO, Dr. Nkechi Ali-Balogun, Managing Director, mediaReach OMD, Mr. Stephen Onaivi, Publisher, The Industry Newspaper, Mr. Goddie Ofose, Chairperson, Lagos Chapter of NIPR, Mrs. Comfort Nwankwo and MD/CEO, Nitro 121, Mr. Lampe Omoyele at the 6th edition of The Industry Summit organised by Industry Newspaper in Lagos recently.
Brand owners and players in the Fast-Moving Consumer Goods (FMCG) space were on Friday charged to be dynamic to be able to meet the present-day consumer needs which are constantly evolving.
The socio-economic realities have made this to be so, as consumers, faced with decreasing purchasing power, continue to challenge their loyalty to any particular brand, with many opting for brands that meet their needs at any particular time.
To be able to get consumers’ attention, seasoned experts and industry stakeholders said FMCG players and brand owners must know their consumers and be ready to evolve along with their preference.
Experts said this at the 6th Industry Summit, held at the Chartered Institute of Bankers (CIBN) House, Adeola Hopewell, Victoria Island, with the theme: “Understanding Changing Consumers Preference in Troubled FMCG Space”.
Delivering the keynote address, Lampe Omoyele, Managing Director/CEO of Nitro 121, said consumers are modifying their purchasing behaviours by focusing more on essential goods while reducing discretionary spending. As such, to succeed, brand owners/businesses need to put themselves in the shoes of the consumers – by giving them what they want, to win them over.
Focusing on a recent survey conducted by his company, Omoyele said price sensitivity, availability, and perceived value are some of the factors that necessitate people to switch brands, especially in product categories such as food & groceries, household items, and personal care. The majority reported buying in bulk, comparing prices, and switching brands to save cost.
“From our study, respondents between the ages of 35 and 54 with monthly earnings of N250,000 and above said that they have made adjustments to their shopping habits in the past one year,” he noted.
“The Nigerian FMCG sector is evolving with trends like digital payments, e-commerce expansion, and sustainability driven packaging. Consumers are seeking healthier product options, while brands invest in direct to-consumer (DTC) models, influencer marketing, and loyalty programs to drive engagement and retain customers in a competitive landscape.
To, therefore, stay ahead, he advised that FMCG brands must adopt data-driven marketing, omni-channel distribution, and direct-to-consumer models. Leveraging AI for consumer insights, optimising supply chains, and creating engaging brand experiences through social media and influencer collaborations can help businesses effectively navigate these market shifts.
He added that, “Brands that quickly respond to emerging trends, experiment with new product formulations, embrace digital commerce, and invest in technology driven solutions will maintain a competitive edge and sustain long-term customer loyalty”.
Despite the growing focus on cost-consciousness driven by economic challenges, he pointed out that quality remains a fundamental consideration for consumers in their purchasing decisions.
“While consumers may opt for more affordable alternatives in certain categories, they continue to prioritise products that offer high performance, reliability, and long-term value,” he said adding that: High-quality products foster trust and customer satisfaction, often leading to stronger brand loyalty. In this context, while price sensitivity is increasing, quality remains the key differentiator in consumer choice, particularly for essential or long-term use products”.
“If consumer demands are evolving this rapidly, can Nigerian businesses afford to stay stagnant? Asked Toyin Nnodi, a marketing consultant, while delivering her paper.
Speaking on the theme; “Adapting FMCG Business Models to Meet Shifting Consumer Demands,” she averred that Nigerian FMCG companies must find a way to adapt or die.
Judging from the evolution of consumer trends, from expansion of ecommerce platforms offering convenience and variety in 2018 through to the Declining inflation, stabilizing economy, and stable FX expected to drive real spending growth in 2025, Nnodi said Brands servicing consumers must constantly evolve to remain relevant to the consumers.
She listed collaboration and partnership, omni-channel marketing, agility and production innovation as some of the actionable strategies for successful FMCG operation.
On his part, Stanley Obi, Co-Founder/CEO Innova Hive Integrated Ltd, called on brands to position themselves strategically.
Speaking on the theme; Strategic Positioning for FMCG Companies amidst evolving economic challenges, he said strategic positioning will give any brand the competitive advantage, adding that, it will ensure that “they don’t just sell products or services but offer an experience that no one else provides in the same way”.
In the panel discussion moderated by Gift Uche-Ewule, Assistant Brand Manager, Indomie; Nana Milagrosa, CXO- Chief Experience Officer, MPXM, said consumers are no longer throwing away money in every campaign/experiential activity they attend as they now seek value.
She advised that rather than seeking Return on Investment, organizations should also consider Return on Emotion.
Celestine Umehi, CEO, Arewa24 charged agencies handling brands to have a deep knowledge of the various brands they are working with to ensure value addition.
According to him, a lot of people are by-passing agencies now because many of the agencies are not adding value to the brands.
“Many agencies want to market for brands that are doing well so, but, when they run into problems it becomes difficult to proffer solutions especially when they don’t have much knowledge about the brand”.
He listed skillset, data analytics, agility & adaptability and trust as some of the factors that will make any brand relevant in the present economy.
In his opening remarks, Convener of The Industry Summit, Goddie Ofose said, the event was aimed to celebrate innovation, resilience, and excellence in the FMCG sector, particularly in the face of changing consumer preferences.
According to him, the theme, “Understanding Changing Consumer Preferences in Troubled FMCG Space, is a timely reflection of the challenges and opportunities that the industry, and by extension, the Nigerian economy, faces at the moment. As consumer behaviours and expectations continue to evolve, it is crucial for businesses to stay ahead of the curve and adapt to these changes” he said.
In celebration of Women’s Month, AXA Mansard Investments Limited, a leading asset management firm has expressed its commitment to continue empower women financially in the country.
The company said this at its third edition of its flagship webinar series, ‘Achieve Much More, held virtually.
This special Women’s Day edition, themed “Women’s Wealth: How to Start from Where You Are”, was designed to equip Nigerian women with practical knowledge and tools for achieving financial security regardless of their life stage or income level.
The virtual session featured seasoned financial advisor and Chief Executive Officer of MoneyStart, Mrs. Ibi Ibru, as the guest speaker. A respected content creator and influencer in the personal finance space, shared actionable strategies for saving, diversifying income, and getting started with investing—even with minimal capital.
Throughout the session, participants learned how to plan and adjust their finances across different life phases – singlehood, relationships, marriage, and parenting. The session demystified a range of investment vehicles, from traditional savings to beginner-friendly options in the Nigerian financial landscape, helping women identify how to take control of their journeys towards financial freedom.
Speaking about the initiative, Mrs. Adebola Surakat, Chief Marketing Officer of AXA Mansard Investments, emphasized the company’s dedication to fostering a financially literate population. She stated that “At AXA Mansard Investments, we strongly believe that financial education is not a luxury, it’s a necessity. Empowering women with financial knowledge not only transforms individual lives, but strengthens families, communities, and the broader economy. This webinar reflects our ongoing commitment to ensuring all Nigerians—regardless of gender, income, or background, have access to the tools they need to make informed financial decisions.”
The ‘Achieve Much More’ webinar series is part of AXA Mansard Investments’ broader efforts to provide accessible financial education through interactive sessions, expert-led discussions, and simplified investment tools tailored to everyday Nigerians.
‘As 2025 progresses, AXA Mansard Investments remains dedicated to its mission of advancing financial literacy and supporting Nigerians on their journey to financial independence. By placing even greater emphasis on educating the public about smart money habits, we aim to empower more Nigerians to take charge of their financial future.’ Concluded Mrs. Surakat.
The Nigeria Deposit Insurance Corporation (NDIC) is proud to announce its exceptional performance at the 2025 Federal Public Service Innovation Competition, emerging as both the overall winner (1st place) and Third runner-up (3rd place) out of 155 competing entries from across Ministries, Departments, and Agencies (MDAs).
This remarkable achievement was announced by the Head of the Civil Service of the Federation(HOSF), Mrs. Didi Walson-Jack, during the award ceremony held in Abuja on Tuesday, April 29. The NDIC’s winning entry, the Carpooling Team, developed an innovative digital carpooling application that acts as a rideshare platform aimed at reducing commuting costs for federal workers — a solution that earned them the coveted top prize of N5 million.
In addition to this, a second NDIC team came in at third place with the prize of N3 million for an innovative digital platform to enhance staff productivity and streamline administrative processes called Perfoma. It acts as a convenient online secretariat that facilitates the creation and tracking of documents, as well as measuring the output and implementation of tasks to monitor performance of staff – a full packaged office-suite.
Speaking at the event, HOSF, Mrs. Walson-Jack, emphasized that “Innovation is one of the six key pillars of the Federal Civil Service Strategy and Implementation Plan 2021–2025 (FCSSIP 25)” commending participating agencies for aligning with the federal government’s vision for a dynamic and efficient public service.
The MD/CE, Mr. Bello Hassan, who was represented at the ceremony by the Director, Strategy Development Department, Mrs Gwa Uduwak Zachary, lauded the Office of the Head of Civil Service of the Federation (OHCSF) for sustaining the innovation tradition while commending the NDIC’s teams for their ground-breaking achievements underlining the Corporation’s commitment to excellence, problem-solving, and a forward-thinking approach to public service delivery. While receiving the teams at his office, the MD/CE, NDIC stated that “This double recognition is a testament to the innovative spirit and professionalism that NDIC nurtures. Our teams have once again demonstrated the Corporation’s leadership in deploying technology and creative thinking to solve real-world challenges”.
The NDIC’s success in the competition, organized by the OHCSF, is a strong endorsement of its ongoing drive to embed innovation into its operational culture. It also reflects the Corporation’s strategic alignment with national priorities on public service reform, digital transformation, and cost-effective governance.
The NDIC remains committed to supporting and scaling solutions that improve service delivery across the civil service and contribute meaningfully to national development.
Organisers of Cycling Lagos, Nigeria’s biggest cycling event, have announced the commencement of online registration for the 4th edition, scheduled for Saturday, May 31, 2025.
