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Professionals and practitioners in public and private sector will come together later this month in Lagos to discuss ways to deepen the understanding and practice of corporate governance in Nigeria, especially in view of regulatory shifts in the corporate environment.

The theme for the summit organized by Lagos Chapter of Institute of Chartered Secretaries and Administrators of Nigeria, ICSAN is ‘Governance redefined in a business environment, a continuum or new paradigms’.

Efesa Ewere, Chairman of ICSAN Lagos State Chapter told BusinessDay that the theme was inspired by the regulatory shifts in the corporate environment, ESG demands and AI disruptions.

On the kind of shifts, she explained that they are not just about AI, even with ESG demands, with the CAMA 2020, there have been some rapid transformation in governance. ‘We have sustainability reporting demands or expectations from even the Federal Financial Reporting Council. We have from SEC, we have CBN policies, and all of these conversations have been going around or coming on with professionals within their corporate environment. So, it’s just an avenue or a forum for professionals to discuss and see if it’s better maintaining our old models or face our new realities’.

The summit, according to her will be a good platform for practitioners or professionals in various sectors to come together in Lagos to discuss these shifts and how they have met with them, particularly in managing stakeholders’ demands.

Efesa said ICSAN has lined up a number of speakers and corporate governance experts to speak at the forum slated for October 30, 2025.

She said that corporate governance is a system of activities introduced to assist in promoting businesses which will impact positively on the general economy. Corporate governance assists organizations to thrive, she said.

She expects top leaders in various sectors at the summit for a robust conversation towards promoting corporate governance and businesses.

Coronation Group recently concluded its second annual Brand and Sustainability Week, a comprehensive initiative that underscores the financial services conglomerate’s commitment to environmental, social, and governance (ESG) principles, while strengthening its position as Africa’s prosperity partner.

Running from September 22 to 26, the week-long programme brought together teams across Coronation’s four business segments-Insurance, Asset Management, Banking, and Technology-to engage in activities centred on sustainable business practices and corporate citizenship.

The initiative reflects Coronation’s broader mission to provide transformational solutions for Africa’s challenges, embedding sustainability into the core of its operations rather than treating it as an afterthought.

‘Creating sustainable wealth extends beyond financial returns,’ said Ngozi Akinyele, Chief Marketing and Communications Officer at Coronation Group, who oversees the Group’s sustainability initiatives. ‘It requires us to consider our environmental footprint, our social impact, and the governance structures that ensure we remain accountable to every stakeholder. This week reinforces our belief that true prosperity cannot be built on practices that compromise the future we’re trying to secure.’

Building on the success of the inaugural edition held in October 2024, this year’s programme featured educational sessions, collaborative workshops, and community-focused activities designed to translate awareness into tangible action. The week served as both a mirror and a catalyst, reflecting Coronation’s values whilst propelling the organisation towards deeper integration of ESG principles across all touchpoints.

A significant highlight of the Group’s ongoing sustainability efforts is its platinum partnership with the Nigerian Conservation Foundation (NCF) and participation in the Green Recovery Nigeria Project. Through this collaboration, Coronation has committed to planting 600 trees as part of a national initiative dedicated to restoring forest cover, conserving biodiversity, and enhancing climate resilience. The tree planting exercise, which commenced at the Lekki Conservation Centre, demonstrates measurable climate action aligned with the Environment theme of Coronation’s 12-point Sustainability Agenda and supports the achievement of UN Sustainable Development Goals 13 (Climate Action) and 15 (Life on Land). The partnership with NCF also provides Coronation employees with opportunities to volunteer in environmental projects, access conservation education, and contribute to building a culture of environmental responsibility that extends beyond the organisation.

The week concluded with renewed commitments across the Coronation ecosystem, positioning the Group to continue delivering innovative solutions that address Africa’s unique challenges whilst building a prosperous future for generations to come.

The Nigerian Institution of Surveyors (NIS) has reaffirmed its commitment to promoting excellence and innovation in the surveying profession, while calling for the establishment of a dedicated Ministry of Surveying and Geoinformatics to strengthen the institutional framework and national relevance of the profession.

Pius Chukwuemeka Eze, President of the Institution, made the call on Thursday, at the 43rd Olumide Memorial Lecture held in Abuja.

Highlighting his administration’s ongoing efforts, Eze unveiled a seven-point agenda designed to reposition the NIS for greater impact. The agenda, he said, includes: Digital transformation of the national secretariat, public relations and advocacy, revitalisation of the Survey Coordination Act to incorporate GIS and engineering works, promotion of a culture of rewarding professional excellence, comprehensive youth and members’ welfare programmes, execution of key building projects and pursuit of the establishment of a Ministry of Surveying and Geoinformatics.

He also disclosed plans to expand the institutional structure of the NIS to encompass all professional clusters under its umbrella, including Engineering and Mining, Hydrography and Offshore Surveying, Photogrammetry, Remote Sensing and GIS, Geodesy, Archaeological Surveying, Oil and Gas Exploration, and Cadastral Surveys.

According to Eze, this restructuring will promote knowledge sharing, professional development, higher ethical standards, and stronger advocacy across the diverse branches of the surveying profession.

Eze urged surveyors and other professionals to see themselves as agents of change in nation-building, noting that their expertise forms the ‘bedrock of any meaningful and sustainable development,’

In his remarks, Patrick Utomi, Professor of Political Economy and Management Expert, urged Nigerians, especially professionals, to take personal responsibility for nation-building, stressing that leadership renewal begins with individual character and civic consciousness.

He lamented that many Nigerians are regressing from citizenship to tribalism and self-interest, warning that this mindset fuels corruption, division, and underdevelopment.

‘The challenge we face as a people is that we have stopped thinking. A nation’s transformation does not begin with money or power but with values, reasoning, and responsibility. Retrieving people from the comfort of ignorance and tribalism is the true work of leadership,’ Utomi said

He emphasised that professionals must rise above personal or ethnic loyalties to become agents of change, insisting that the future of Nigeria depends on citizens who act with integrity and a sense of shared destiny.

Also speaking at the event, Michael Olufemi Olarinde, special adviser on Tax Policy to the Executive Chairman of the Federal Inland Revenue Service (FIRS), provided a detailed briefing on Nigeria’s new tax reform framework, which takes effect from January 1, 2026.

Olarinde, who represented Zacch Adedeji, Executive Chairman of the FIRS, explained that the reform, anchored on four key tax laws, aims to modernise the country’s tax administration, simplify compliance, and align with digital realities and global best practices.

He noted that the reforms seek to address emerging challenges such as digital taxation, ensuring that businesses operating in the ‘cloud economy’ are properly captured in Nigeria’s tax net.

‘Today, someone can be earning income from a cloud-based platform without a physical location. The new reforms bring our laws to this reality, ensuring fair taxation in a digital economy,’ he said

He added that the reforms will harmonise multiple tax laws, including corporate income tax, capital gains tax, VAT, and stamp duties, into a single framework, making it easier for individuals and companies to comply.

‘Taxation should not be a burden. It should be a consequence of prosperity. The reforms are data-driven, transparent, and designed to encourage voluntary compliance.’

He advised professionals, especially those in the built environment, to prepare for the transition by maintaining accurate financial records, reviewing project cost structures, and consulting tax experts to align their operations with the new regime.

‘Readiness is the next step for professionals. These reforms demand strategic adaptation to protect businesses, enhance compliance, and harness the benefits of a simplified, data-driven tax system,’ Olarinde concluded.

Buzz about the proposed Country of Particular Concern (CPC) on Nigeria by the USA

The Senate has tasked a committee with examining the issue and formulating an official position. However, the federal government dismisses these efforts as misguided and ill-intentioned, while a report from a ‘fact-finding’ mission causes considerable embarrassment.

The buzz is about a plan in the United States Senate to designate Nigeria as a Country of Particular Concern.

A U.S. ‘Country of Particular Concern’ (CPC) designation for Nigeria would have substantial consequences, potentially straining diplomatic relations, affecting security cooperation, damaging Nigeria’s international reputation, and impacting its economy.

What does a CPC label mean for Nigeria?

It could strain bilateral relations and lead to diplomatic tensions.

It might reduce US security aid, intelligence exchange, and joint counter-terrorism efforts.

Effects on economic and trade cooperation. It could disrupt trade agreements, increase regulatory scrutiny on exports, and potentially reduce

Foreign Direct Investment (FDI)

Furthermore, it could damage Nigeria’s international reputation, strengthening perceptions of human rights abuses and religious intolerance.

Finally, it could prompt the US to apply targeted sanctions on officials, such as travel bans and asset freezes.

The Designation and Context

What is a CPC? The ‘Country of Particular Concern’ (CPC) designation is an official classification by the U.S. Secretary of State for countries accused of engaging in or tolerating ‘systematic, ongoing, and egregious violations of religious freedom’ under the International Religious Freedom Act (IRFA).

The Current Push: In September 2025, U.S. Senator Ted Cruz introduced the Nigeria Religious Freedom Accountability Act of 2025. This bill seeks to compel the State Department to redesignate Nigeria as a CPC and impose targeted sanctions on specific Nigerian officials accused of enforcing blasphemy laws or tolerating religiously motivated violence. This push is supported by the U.S. Commission on International Religious Freedom (USCIRF), which has recommended this designation for years.

Nigeria’s Official Stance: The Nigerian government, through its House of Representatives, has unanimously rejected the proposed U.S. bill.

Lawmakers argue that it is based on ‘incomplete and de-contextualised assessments’ and mischaracterises Nigeria’s complex security crises-which involve insurgency, criminal banditry, and farmer-herder conflicts-as purely religious persecution. They have pledged to use diplomatic channels to counter these narratives.

Perspectives from Within Nigeria

Views within Nigeria, particularly among Christian leaders who are often the focus of these reports, are mixed, reflecting the complexity of the situation:

Support for the Designation: Some religious figures, like Fr. Maximilian Okpong Peter, agree that the designation reflects a painful reality, stating it is ‘tied to deep socio-political divisions and bad governance.’ Others see international pressure as a necessary check on the government, hoping it will force officials to ‘sit up’ and prioritise protecting citizens.

Belief that the Situation Has Improved: Some church leaders, such as Fr. Lawrence Emehel, question the timing, arguing that while severe persecution occurred in the past, ‘the situation today is not as widespread or as dangerous as it used to be.’

A Nuanced View of Violence: Several voices warn against viewing all violence solely through a religious lens. Fr. Solomon Patrick Zaku observes that ‘the insecurity in Nigeria affects all. Christians, Muslims, and traditional believers,’ even though Christians have experienced it in unique ways.

Expert testimony to the U.S. Congress also stressed that attributing the conflict to religion alone overlooks deeper causes, such as governance failures and competition for resources.

US Senator Ted Cruz

2. The Reno Omokri complication

Social media influencer Reno Omokri is actively leading a campaign against the potential U.S. designation of Nigeria as a ‘Country of Particular Concern’ (CPC). His efforts involve public statements and organising a fact-finding delegation from the U.S., though his stance faces opposition from both American and Nigerian figures.

He is working with the Office of the National Security Adviser.

Complications set in at the press briefing, where a US delegation member denounced Mr Omokri’s claims and his description of the situation.

Mr Omokri argues that terrorists target both Christians and Muslims, with victims often belonging to the dominant religion of the area.

Attributes insecurity to the aftermath of the 2011 NATO intervention in Libya.

Organised a U.S. fact-finding delegation to Nigeria.

Mike Arnold, the former Mayor of Blanco, Texas, and a member of Omokri’s fact-finding delegation, believes that the violence constitutes a genocide against Christians. Arnold asserts that the violence is a ‘calculated and long-running genocide.’ He based his perspective on numerous visits to Nigeria and interviews with affected communities.

3. No more Mathematics obstacle for Arts students

The Federal Government has officially removed the compulsory credit pass in Mathematics as an entry requirement for students seeking admission into Arts and Humanities programs. This change is part of the newly revised National Guidelines for Entry Requirements into Nigerian Tertiary Institutions announced in October 2025.

It cuts across the degree, National Diploma, and Higher National Diploma.

Reasons and Reactions Behind the Policy Change

The Minister of Education, Dr Tunji Alausa, stated that this reform is a ‘deliberate effort to expand access to tertiary education.’ The government aims to remove a significant barrier for many qualified candidates who excelled in creative and literary subjects but struggled with Mathematics, thus preventing them from gaining admission. It is estimated that this policy could open opportunities for an additional 250,000 to 300,000 students to be admitted each year.

The policy has sparked a public debate:

Supporters see it as a brilliant reform that democratizes education and allows students to focus on their strengths.

Critics argue that it is a terrible idea, expressing concern that foundational numeracy skills are essential for everyone and that the move might be detrimental in the long run.

The optimistic view of the removal

For generations, the narrative for students passionate about literature, history, art, and philosophy was often overshadowed by the ‘obstacle’ of mathematics. The idea that this obstacle is now disappearing is significant. Let’s examine what this means.

Why Mathematics Felt Like an Obstacle

The ‘Fixed Mindset’ Label: Struggling with maths was often misunderstood as a lack of overall intelligence, which could be very discouraging for a creative student.

Irrelevance to Passion: When your dream is to write a novel or understand Renaissance art, solving for x in a quadratic equation can seem not just tricky, but completely pointless.

Gatekeeping for Education and Careers: Certain university programmes and career paths require specific maths credits, effectively blocking talented arts-inclined individuals.

How the Obstacle Is Being Dismantled

The statement ‘No more Mathematics obstacle’ is becoming increasingly true for several reasons:

1. The Redefinition of ‘Math Literacy. The focus is shifting from advanced calculus to practical, applicable skills. For arts students, this means:

-Data Literacy: Understanding charts, graphs, and statistics in social studies, economics, and polling data.

– Financial Literacy: Managing a budget, understanding taxes, and calculating royalties or project grants.

-Logical Reasoning: The core of maths is logic, which is essential for constructing a solid argument in an essay or thesis.

2. Technology as the Great Equaliser. We no longer need to be human calculators. Powerful tools handle complex calculations, allowing us to focus on application and interpretation.

– Spreadsheets (Excel/Google Sheets): For budgeting, data organisation, and analysis in arts management, research, and freelancing.

– Statistical Software: User-friendly programs can help sociology or psychology students analyse survey data without manual calculations.

– AI and Digital Tools: Can assist with everything from basic arithmetic to generating visual data representations.

3. The Rise of Interdisciplinary Studies

The modern world values hybrid skills. The most interesting solutions often emerge at the intersection of arts and STEM (STEAM). An arts student with even basic, comfortable numeracy is powerfully positioned:

– Digital Humanities: Using data analysis to study patterns in literature or history.

– Arts Management: Running a gallery, theatre, or non-profit requires budgeting and fundraising.

-User Experience (UX) Design: Combining psychology (a social science) with data-driven design principles.

– Tech Writing/Editing: Explaining complex technical concepts requires clear, logical thinking.

What This Freedom Actually Means

It does not mean ‘Arts students can now be ignorant of numbers.’ It signifies:

The anxiety, gatekeeping, and sense of intellectual inadequacy are no longer necessary. Mathematics can be transformed from a feared obstacle into a practical toolkit.

You no longer need to be a ‘math person’ to succeed. You just have to be a ‘curious person’ who isn’t afraid to utilise the available tools to solve problems related to your passion.

Therefore, the new mantra for arts students is not ‘I can’t do maths,’ but rather:

‘I can understand the data that informs my research.’

‘I can manage the budget for my creative project.’

‘I can leverage technology to handle calculations.’

‘My intelligence is not defined by my ability to integrate a function, but by my ability to think critically, create meaning, and communicate powerfully.’

The obstacle was not the mathematics itself, but the burden of anxiety and rigid systems built around it. Removing that burden allows the arts to embrace the parts of numeracy that genuinely serve its purpose: to understand, critique, and shape the human world.

Timini Egbuson is an award-winning actor, producer and filmmaker. He steps into a new role as one of Martell’s Swift Ones, where his audacity and reinvention take center stage.

As the name suggests, Martell’s Swift Diaries is a peak into his private journal. In its first episode, Timini lets us in on raw, personal stories that reveal what it took to become the star that he is today.

The new series peels back the curtains and reveals things we never knew, such as, Timini’s career didn’t begin on set, but in sales and marketing. This is an inspiring revelation that makes one wonder how he could switch from the stable corporate life of sales and marketing to the dynamic world of Nollywood. That daring reinvention and the audacity it took for Timini to follow through, is exactly what we uncover in the first episode of The Swift Diaries.

What makes Timini a Swift One?

In the first episode of Swift Diaries, Timini reveals that before Nollywood knew him as Timini the actor, he was Dakore’s younger brother, juggling a sales and marketing executive job at an e-commerce firm alongside a side job as his sister’s part-time PA. His career was respectable and stable. The kind of career parents brag about. He excelled at his job- pulling in customers while marketing with ease.

However stability wasn’t enough. Timini had an undeniable passion for acting and bet on himself. He quit his job without a safety net and chose uncertainty over comfort.

‘If you don’t take risks, you’re not living. You’re just existing. What’s the fun in that?’ he reflects in the episode.

That defining moment, the audacious decision to walk away from certainty to chase his dream is exactly what makes him one of Martell’s Swift Ones. The Swift Ones are those who are bold enough to walk away from their comfort zone and step into the unknown, carving out new paths to reinvent themselves, Timini embodies that spirit.

Proving Himself in Nollywood

The road after his bold move wasn’t smooth at first. Timini spoke candidly about the countless auditions, the ‘waka pass’ roles, and the biting sting of rejection. Whenever he landed an opportunity, people would whisper that it was because of his sister’s fame.

‘What people don’t see are the rejections and the nights I wondered if I’d just set myself up for failure.’ – Timini Egbuson, Swift Diaries

Timini knew he had to prove his talent and he did with his lead role as Dare in Elevator Baby. This was the performance that silenced the doubters, earned him an AMVCA award, and proved his undeniable talent, range and presence that could no longer be hidden.

He was Timini Egbuson, a force of his own.

Timini has been on a mission to do more and be more. Now he’s stepping behind the camera, and producing his own films like the hit romantic drama, Reel Love, which went viral and was a box office hit.

‘Nollywood isn’t done evolving, and neither am I. I’ve barely scratched the surface of the stories I have to tell,’ he says.

What Swift Diaries Really Shows Us

Timini’s journey is just one chapter of Martell’s Swift Diaries, which also features Chef Eros, Young Jonn, and Tubo, each a risk-taker rewriting the rules in their industries. This is the heart of Martell’s campaign: celebrating Nigerians who don’t just walk a path, but create their own.

Swift Diaries reminds us that legacy isn’t handed down. It’s earned – one bold move at a time.

Watch Timini’s Swift Diaries episode exclusively on Martell Nigeria’s official YouTube channel and catch it on MTV Base and BET on October 23rd, 2025. Follow the journey on social media @MartellNigeria and join the conversation using the hashtags #MartellSwiftOnes and #BeTheStandoutSwift.About Martell

About Martell

Founded in 1715 by Jean Martell, Maison Martell is one of the world’s oldest and leading international prestige cognac houses. The brand’s three-century legacy is built on a foundation of audacity, craftsmanship, and a deep appreciation for cultural connection. In Nigeria, Martell has been a prominent player since 2012, operating under Pernod Ricard Nigeria to create premium experiences that bring people together. With a strong presence in Lagos, Abuja, and Port Harcourt, Martell continues to share its exceptional savoir-faire and celebrated spirits with connoisseurs across the country.

About Pernod Ricard Nigeria

Pernod Ricard Nigeria is the local affiliate of Pernod Ricard, a global leader in the wine and spirits industry. Since its incorporation in 2012, the company has established a strong presence in the Nigerian market with a diverse portfolio of premium international brands, including Jameson Irish Whiskey, Martell Cognac, and Absolut Vodka. Rooted in the Group’s philosophy of ‘Convivialité,’ Pernod Ricard Nigeria is committed to creating genuine human connections and shared experiences, while also championing responsible drinking and sustainability.

Troops of the Nigerian Armed Forces have foiled crude oil theft valued at over ?98.7 million and arrested a wanted commander of the proscribed Indigenous People of Biafra (IPOB) and its armed wing, the Eastern Security Network (ESN), identified as Gentle, in a string of coordinated operations across the country.

This was disclosed by Markus Kangye, Director of Defence Media Operations, during the weekly press briefing on military operations across the country for the period ending October 16, 2025.

According to the Defence Headquarters, troops of the Joint Task Force South-South, Operation Delta Safe, uncovered and dismantled multiple illegal refining sites across Delta and Rivers States, preventing the theft of about 92,500 litres of crude oil, 1,575 litres of Automotive Gas Oil (diesel), 660 litres of Dual Purpose Kerosene, and 5,000 litres of Premium Motor Spirit.

The operations also led to the destruction of 11 crude oil cooking ovens, 7 dugout pits, 14 storage tanks, 9 boats, and 7 illegal refining sites. Thirteen suspected oil thieves and accomplices were arrested, while weapons, ammunition, and vehicles were recovered.

Further raids conducted between October 9 and 12 in Delta’s Ethiope East, Ughelli South, Ndokwa, Okpe, and Warri local government areas, as well as Ahoada East and Toru LGAs in Rivers State, resulted in the arrest of nine more criminals and the recovery of additional weapons and vehicles.

The military noted that the operation reflects the Armed Forces’ resolve to protect national economic assets and eliminate organised oil theft networks undermining Nigeria’s revenue base.

Beyond the South-South theatre, troops across other regions also recorded significant successes in counterterrorism and anti-banditry operations. In the North East, troops of Operation Hadin Kai sustained offensives against Boko Haram and ISWAP elements in Borno, Yobe, and Adamawa States.

‘Between October 8 and 16, coordinated air and ground operations in Konduga, Magumeri, Gubio, Nganzai, Monguno, Kaga, and Mobbar LGAs neutralized dozens of terrorists.

‘Sixteen informants and logistics suppliers were apprehended, while seven kidnapped victims were rescued. Recovered items included weapons, vehicles, petroleum products, and ?5.14 million in cash’, it added.

In the North West, Operation FANSAN YAMMA maintained its offensive in Sokoto, Zamfara, Kebbi, Kaduna, and Niger States.

According to the statement, troops killed several terrorists, arrested 14 others, and rescued six kidnapped victims.

Additionally, a gunrunner and two members of a drug cartel were arrested in Kaduna and Zamfara States, leading to the recovery of 1,307 live ammunition, large quantities of narcotics, motorcycles, mobile phones, and ?227,000 cash.

It noted that in the North Central zone, Operation Enduring Peace troops foiled attacks and responded to distress calls in Plateau and Kaduna States.

‘Operations in Riyom, Jos South, Bassa, Barkin Ladi, Mangu, and Jema’a LGAs led to the elimination of several extremists and the arrest of 11 others. Weapons, vehicles, and motorcycles were recovered during the engagements.

‘Four suspects arraigned for conspiracy and theft in Jos South were convicted and sentenced to one year imprisonment each’, the statement added.

Similarly, Operation Whirl Stroke troops operating in Taraba, Benue, Nasarawa, Kogi, and the FCT reported multiple, killings of armed criminals, arresting 12 others, and rescuing 17 kidnapped victims. Arms, ammunition, livestock, and vehicles were also seized.

In the South East, Operation UDO KA troops arrested a wanted commander of the proscribed IPOB/ESN group known as ‘Gentle’ alongside eight accomplices during raids in Imo and Ebonyi States.

According to the military, a female logistics supplier was also apprehended in Abia State with three children identified as the offspring of a wanted ESN leader, Maduabuchi Nwankwo (alias Emergency). Weapons, ammunition, and a vehicle were recovered.

The DHQ commended the gallantry and professionalism of Nigerian troops across all theatres of operation, noting that their collective efforts have continued to yield tangible results toward restoring peace and stability nationwide.

It acknowledged the sacrifices of military personnel who paid the ultimate price in defence of the nation and assured Nigerians that the Armed Forces remain unwavering in their constitutional mandate to defend the territorial integrity of the country.

‘Our recent operational successes, whether in counterterrorism, anti-banditry, maritime security, or internal operations are not just battlefield victories, but demonstrations of our collective resolve to secure every inch of our nation,’ DHQ said.

It appealed for sustained public cooperation and intelligence sharing to consolidate gains recorded so far, reaffirming that with continued unity and vigilance, Nigeria will move closer to achieving lasting peace and security.

The Central Banks of Nigeria and Angola on Thursday in Washington, D.C., signed a Memorandum of Understanding (MoU) for bilateral technical cooperation, marking a significant step toward strengthening financial and institutional ties between the two countries.

The objectives of the MoU include, among others, the establishment of a bilateral forum for the reciprocal exchange and sharing of technical assistance between the two central banks to enhance capacity in the execution of their respective central banking functions.

The agreement seeks to promote cooperation and collaboration in the cross-border supervision of authorised institutions and the exchange of cybersecurity information between the two authorities. It also provides for the licensing, ongoing supervision, resolution planning, and implementation of resolution measures for cross-border financial establishments, ensuring that both countries’ financial systems remain sound, resilient, and transparent.

Another key objective of the agreement is to ensure transparent and seamless periodic exchange of information while defining clear procedures for such exchanges. The MoU identifies critical areas of cooperation that include exchange control, financial markets and foreign reserves management, currency management, economic research, and monetary and financial statistics. It will also cover the management of payment, clearing, and settlement systems, financial sector development, banking supervision and regulation, and cross-border supervision of financial institutions, including due diligence where applicable.

Additionally, it emphasises joint efforts in anti-money laundering and combating the financing of terrorism (AML/CFT) as well as market conduct supervision. The cooperation will further extend to staff training, capacity building, and the exchange of experiences within the scope of each institution’s respective responsibilities.

Speaking at the official signing ceremony in Washington, D.C., Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), expressed deep satisfaction with the signing of the agreement, describing it as timely and strategically important. ‘Thank you very much for coming here today and for this technical cooperation agreement that we have just signed. This is something that has been long in the making, and I am very pleased that we have been able to execute the agreement today. Quite frankly, it could not have come at a better time or in a better place,’ he said.

Explaining further, Cardoso emphasised that the forum in which the agreement was signed represented an ideal setting for such a milestone because of its global relevance and the opportunities it offers for partnership. ‘Why do I say this? Because we all know that this particular forum brings together a multiplicity of stakeholders, diverse interests, and people from different countries who come here to build relationships and foster collaboration. I believe that what we have done today truly reflects the spirit that guides our participation in the annual and spring meetings every year,’ he stated.

He added that the signing reflected the growing spirit of African cooperation and underscored the need for stronger regional partnerships to tackle common challenges. ‘I am very pleased that this has taken place here today, and even more so because this is exactly what Africa needs, more cooperation and stronger partnerships. We face similar challenges across the continent, and initiatives like this give us an opportunity to deepen regional understanding and enhance cooperation,’ he said.

Cardoso concluded by expressing optimism that the agreement would serve as a foundation for enduring collaboration between Nigeria and Angola in the financial and economic space. ‘I am truly delighted, as I believe this marks a landmark moment for both organizations and for both countries,’ he declared.

On his part, Manuel António Tiago Dias, governor of the Central Bank of Angola, expressed appreciation to his Nigerian counterpart and acknowledged the collaborative spirit that had made the signing possible. ‘Thank you from the Central Bank of Nigeria. Thank you to the Executive Governor and alternate head in our constituency at the World Bank. We have signed the protocol in both Portuguese and English,’ he said, reaffirming Angola’s commitment to working closely with Nigeria to advance mutual economic interests.

The signing of this MoU between the two central banks is expected to lay a solid foundation for greater cooperation, knowledge exchange, and institutional strengthening between Nigeria and Angola, two of Africa’s leading oil-producing nations with shared ambitions for financial stability and regional integration.

The Alimosho Event Vendors Association (AEVA) is at the forefront of revolutionizing the events industry by equipping vendors with the skills to harness artificial intelligence (AI) for enhanced success.

Through its comprehensive training programs, AEVA is empowering event vendors to stay ahead of the curve and capitalize on emerging trends with its annual Masterclass -Xpose 5.0.

The event themed ‘Booked Out: Evolving in the AI Era’ brought together professional event vendors from across Alimosho Local Government in Lagos State, providing intensive training focused on leveraging innovation and strategic niche development for business growth.

Rosemary Ajayi, the association’s president and CEO of Mary’s Golden Events, hailed members of the association for their immense support whilst also expressing gratitude to her executive, Board of Trustees for the success of the masterclass and dinner.

She emphasized the event’s central objective, saying: ‘Our goal with the event is to move beyond mere survival.’

She said, ‘We are here to facilitate meaningful connections and provide our members with the high-level strategies needed to consistently sell out their services in a competitive market.’

The presence of Awojoodu Taiwo, chairman of the Board of Trustees, underscored the leadership’s commitment to the association’s growth. She added that the masterclass was well curated to improve the learning of the participants.

Also, Helen Fregene, chairperson of the association, highlighted the forward-looking nature of the masterclass, noting that participants were privileged to learn how to harness innovation and technology to thrive and succeed.

She referenced the diverse lineup of local experts and an international speaker joining online from Sweden.

The keynote speaker, Ayodeji Megbope of No Leftovers Moi Moi, urged the participants to focus on personal development. She stressed the importance of carving a niche and understanding the specific market that needs their services.

One of the speakers, Gbemisola Fasasi of Ignite Africa delivered a crucial session on ‘Leveraging AI for Event business success.’

She detailed how vendors could strategically use AI for enhanced creativity and visibility, such as utilizing tools to generate digital menus, create engaging marketing reels, design unique cake and decor ideas, and produce original jingles for DJs.

Kemi Adeleke of KFA Events Limited, spoke on the need for daring to be different in the industry, delivering excellent customer service, investing in cleanliness and maintenance, and building a strong brand.

The participants also had breakout sessions led by industry veterans, including, Ibidunni Layade for catering/cake, Adesewa Tugbobo-Amisu for decor/planning, Adewale David for drinks and Roland James for DJ/entertainment.

The event, without a doubt, marked a significant milestone for AEVA as approximately eleven new members were formally inducted, reinforcing the association’s growing community.

The association’s annual event ended with a dinner attended by highly- placed individuals including royal fathers within and outside of Alimosho.

Some of them include Oba Sulaimon Raji-Ashade Oniba Ekun, Oba Akesan of Akesan land. Others guest includes, Kehinde Joseph, house of representatives Alimosho constituency 02, the chairman Mosan LG and Agbado Oke-Odo as well as Lookman Alade Fowotade among others.

Strategic policy frameworks, digital connectivity, and investment in skills are essential for building a thriving creative economy across Africa, according to global leaders and policymakers.

While speaking at a session titled ‘Policy Frameworks for a Thriving Creative Economy’ in Moonshot by TechCabal on Thursday, stakeholders from Finland, Ghana, the EU, and Nigeria shared insights on how governance, technology, and trust can fuel creative growth.

Experts noted that as the creative sector gains momentum across the continent, governments must move from recognition to action by creating environments where imagination meets investment, and creativity drives inclusive growth. It requires policy coherence, digital access, education, and international collaboration.

Sanna Selin, Finland’s Ambassador to Nigeria, emphasised that Finland’s creative success is rooted in three guiding principles, which are quality education, equal access to technology, and societal trust.

‘From early years, we teach children to imagine and question; not just in art but in science,’ Selin said. ‘Trust is the infrastructure that helps innovation flourish. We’ve built policies recognising that creativity contributes to GDP and attracts investment, even though it’s not always easy.’

Selin also noted that connectivity and digital access remain fundamental to creativity’s growth, urging governments to design inclusive policies that link inspiration with infrastructure.

Yussif Jajah, Ghana’s deputy minister of Creative Arts, stressed the need for sector-specific policies that address the unique challenges of the creative industry.

‘To sustain the creative sector, we must be mindful of its requirements. In Ghana, we have taken deliberate steps to establish institutions and invest in skill development. Our connectivity infrastructure is improving, and we’re positioning tourism and the arts as major economic drivers,’ he stated.

Massimo De Luca, EU head of cooperation in Nigeria, highlighted the importance of partnerships between regions and the need to rethink how digital infrastructure supports creativity.

‘Partnership is key. We are collaborating on projects, such as museums, and exploring spaces for Nigerian visual art. Infrastructure will never be enough, but what truly matters is how creatively we use connectivity,’ he noted.

Nigeria is setting its sights on reclaiming a dominant position in Africa’s industrial landscape, as Shuaibu Abubakar Audu, minister of Steel Development, has unveiled an ambitious roadmap to revive the country’s steel and metal industry through stronger government-private sector collaboration.

Speaking at the maiden Nigeria Steel Forum, held on the sidelines of the 10th Nigeria Mining Week in Abuja, Audu outlined a comprehensive strategic vision under President Bola Ahmed Tinubu’s Renewed Hope Agenda, positioning steel as a central pillar of Nigeria’s reindustrialisation drive and long-term economic diversification plan.

He disclosed that the government is targeting 10 million tonnes of crude steel production annually by 2030, an output that could inject over ?10 trillion into the economy and generate more than 500,000 direct and indirect jobs.

‘Nigeria has the raw materials, the market, and the manpower. What we need now is coherent policy, private sector leadership, and coordinated investment in infrastructure and technology,’ Audu said, noting that four countries-Egypt, South Africa, Algeria, and Morocco-currently produce 88% of Africa’s total steel output despite Nigeria’s abundant iron ore reserves.

Audu reaffirmed the federal government’s commitment to providing fiscal incentives, legal reforms, and stable regulatory frameworks to attract local and foreign investors.

He emphasised that the administration is prioritising public-private partnerships (PPPs) to resuscitate moribund plants such as Ajaokuta Steel Company and NIOMCO, while developing industrial clusters to support downstream manufacturing.

The minister praised the Ministry of Solid Minerals Development, led by Dele Alake, for aligning mining and steel development policies, describing the Steel Forum as a ‘cross-sector bridge’ designed to harmonise industry efforts and unlock private capital for critical infrastructure.

In his remarks, Chris Isokpunwu, Permanent Secretary, Ministry of Steel Development, described the Forum as a milestone in Nigeria’s industrial resurgence, building on the outcomes of the National Steel Summit.

He highlighted that renewed partnerships and capacity-building initiatives are already underway to rebuild the technical manpower base required for full-scale production.

‘This administration is not just talking policy; it is implementing reform that directly targets production, jobs, and competitiveness,’ Isokpunwu stated, urging stakeholders to move from dialogue to investment.

Also speaking, Faruk Yusuf Yabo, permanent secretary, Ministry of Solid Minerals Development, noted that global financial tightening, the COVID-19 aftermath, and climate-related pressures have made private capital indispensable for industrial development.

‘To unlock growth in steel, Nigeria must attract sustainable private financing. The minister’s approach-anchored on institutional reform and investor confidence-offers a clear path to achieving that,’ Yabo said.

Industry observers say the Forum marks a turning point in Nigeria’s industrialisation efforts, potentially laying the groundwork for a new era of value-added manufacturing that could reduce import dependence and strengthen the economy.