Advans Nigeria wins ‘Microfinance Bank of the Decade’

Advans La Fayette Microfinance Bank has won with the prestigious title of ‘Microfinance Bank of the Decade’ at the Edge Awards held in Lagos.

The Edge Awards, renowned for celebrating excellence and innovation across Nigeria’s business landscape, recognized Advans Nigeria for its decade-long commitment to delivering customer-focused financial services and driving financial inclusion nationwide.

Speaking on the recognition, Acting Managing Director/CEO of Advans La Fayette Microfinance Bank, Elvis Kwabena Oheneba said the award reflects their ongoing commitment to pioneering financial solutions and putting customers at the heart of everything they do.

This recognition is an acknowledgment of our efforts to deepen financial inclusion in Nigeria over the past decade.

Echoing this sentiment, Kayode Abraham, Head of Marketing and Communications at Advans La Fayette Microfinance Bank, added: ‘The ‘Microfinance Bank of the Decade’ award underscores our innovative approach to microfinancing, leveraging digital technology and forward-thinking strategies to meet the evolving needs of our diverse client base.

‘This achievement reaffirms our dedication to providing exceptional customer experiences while strengthening financial access for underserved communities.

Advans Nigeria provides a wide range of financial services including savings, current and fixed deposit accounts, loans, insurance, mobile and agency banking, USSD, and debit cards. Through the adoption of digital innovation and strategic partnerships, the bank continues to enhance its service delivery and empower individuals, micro, small, and medium-sized enterprises across Nigeria.

‘As part of the Advans Group, which operates in six African countries, Advans Nigeria contributes to serving over one million clients with the support of more than 7,000 employees globally. The group’s mission is to expand access to formal financial services for underserved and unbanked populations while fosterin

Chevron spends over $1b on local contracts

Chevron Nigeria Limited (CNL) has reaffirmed its commitment to sustainable development and local capacity building with over $1 billion in annual local contract opportunities and a 97% reduction in routine gas flaring across its operations in the past decade.

Speaking at the Nigerian Union of Journalists (NUJ) Media Capacity Building Programme held in Warri on Tuesday, Chevron’s General Manager, Corporate Affairs, Mr. Olusoga Oduselu, represented by Akinbola Praise, highlighted the company’s efforts in community development, media training, and environmental sustainability.

‘CNL seeks to make human investments that deliver long-term transformative returns. Through investments in gathering and processing of associated gas, routine flaring has been reduced by over 97% in the past 10 years in CNL’s operations,’ Oduselu said.

He added that Chevron’s local content development strategy currently supports Nigerian employment and contract opportunities across all projects, averaging over $1 billion annually.

The workshop explored the role of the media in the implementation of the Petroleum Industry Act, in relation to sustaining the relationship between International Oil Companies and their oil and gas host communities.

In his lecture titled ‘PIA: Roles of the Media in Educating Host Communities,’ Professor Majority Oji of Delta State University, Abraka, emphasized the media’s role in educating host communities about the Petroleum Industry Act (PIA).

Oji suggested that the NUJ spearhead the education of Niger Deltan on the PIA.

Dr. F. Atubi, also a DELSU lecturer, echoed the call for stronger media involvement in strengthening the relationshipbetween oil multinationals and host communities, noting, ‘The media is to educate host communities, report grievances before it becomes a national concern and put pressure on IOCs to fulfill their Corporate Social Responsibility.’

Also speaking, a technology expert, Philip Nwosu advocated for the integration of artificial intelligence in journalism, saying its use ‘saves time, improves productivity, builds trust,’ but warned that ‘it can make mistakes.’

The programme, which is part of Chevron’s broader strategy to empower over 400 journalists nationwide in 2025 alone, underscores a growing alliance between the oil giant and the Nigerian media to foster transparency, accountability, and sustainable community development.

Lesotho vs. Nigeria: 18 Super Eagles undergo first training in Polokwane

In a demonstration of seriousness attached to Friday’s 2026 FIFA World Cup qualifier against Lesotho, an impressive 18 players yesterday underwent Super Eagles’ first training in Polokwane, South Africa.

In the mix under Coach Eric Sekou Chelle and his assistants, were the team’s leaders including captain

Wilfred Troost Ekong, Wilfred Ndidi , Moses Simon , Victor Osimhen and African Footballer of the Year, Ademola Lookman.

There was the also the full contingent from England-based stars including the Fulham’s trio of Calvin Bassey, Alex Iwobi and Samuel Chukwueze as well as Frank Onyeka, Tolu Arokodare and defender Semi Ajayi.

The three invited goalkeepers including South Africa-based Stanley Nwabali as well as Tanzania -based Amas Obasogie and Greece-based Adebayo Adeleye were also at the team’s first session in the Limpopo province of South Africa. They were complemented by the quartet of Chrisantus Uche, Bruno Onyemaechi , Benjamin Fredrick and Terem Moffi who’s making a return to the fold after a long injury-enforced absence.

The 18 players that trained yesterday in Polokwane represented over 75 per cent of the players invited for the upcoming double header against Lesotho and Benin as the Super Eagles intensify their training sessions for the two must-win encounters in this October International window starting with Friday’s away match to Lesotho and next Tuesday’s match in Uyo against The Cheetahs of Benin.

Though there was no official statement, the late arrivals of the remaining five players including

Akor Adams (Sevilla), Olakunle Olusegun (Pari Nizhny Novgorod), Felix Agu (Werder Bremen) , Bright Osayi-Samuel (Birmingham City) and Alhassan Yusuf (New England Revolution), might not be unconnected with delay in procuring an entry visas to South Africa as widely reported on Monday.

A top official of the Nigeria Football Federation(NFF) had hinted on Monday that just three players were in dire straits as per getting entry visas into the former apartheid enclave.

SUPER EAGLES’ ALREADY IN POLOKWANE :

Goalkeepers: Stanley Nwabali (Chippa United, South Africa), Amas Obasogie (Singida Blackstars, Tanzania), Adebayo Adeleye (Volos FC, Greece)

Defenders: William Troost-Ekong (Al-Kholood, Saudi Arabia), Calvin Bassey (Fulham, England), Semi Ajayi (Hull City, England), Bruno Onyemaechi (Olympiakos, Greece), Benjamin Fredrick (Dender, Belgium)

Midfielders: Alex Iwobi (Fulham, England), Frank Onyeka (Brentford, England), Wilfred Ndidi (Besiktas, Turkey), Chrisantus Uche (Getafe, Spain)

Forwards: Ademola Lookman (Atalanta, Italy), Samuel Chukwueze (AC Milan, Italy), Victor Osimhen (Galatasaray, Turkey), Moses Simon (Paris FC, France), Tolu Arokodare (Genk, Belgium), Terem Moffi (OGC Nice, France).

PLAYERS YET TO ARRIVE IN POLOKWANE:

Bright Osayi-Samuel (Birmingham City, England), Bruno , Felix Agu (Werder Bremen, Germany), Alhassan Yusuf (New England Revolution, USA),Akor Adams (Sevilla, Spain), Olakunle Olusegun (Pari Nizhny Novgorod, Russia).

Fed Govt’s electricity subsidy dips to N514.35billion

The Nigerian Electricity Regulatory Commission (NERC) has said the cost of the Federal Government electricity subsidy was reduced to N514.35 billion in the second quarter of 2025 Q2 2025 from the N536.40 paid in the Q1 2025.

The decline was by 4.11 per cent, according to the commission’s Q3 Report.

The payment of subsidy was incurred due to lack of a cost-reflective tariff.

NERC said the total amount invoiced by the GenCos for energy delivered to each DisCo and the DRO- adjusted NBET invoice to the respective DisCos during 2025/Q2.

‘It is important to note that due to the absence of cost-reflective tariffs across all DisCos, the Government incurred a subsidy obligation of N514.35 billion 21; this represents a N22.04 billion (-4.11 per cent) reduction in FGN subsidy compared to 2025/Q1 (N536.40 billion).’

The report also noted that although the subsidy obligation of the government decreased in naira terms (-N22.04 billion), it accounted for 59.60 per cent of the total GenCo invoice, which is a 0.44pp increase compared to 2025/Q1 when subsidy accounted for 59.16 per cent of the total GenCo invoice.

NERC said this is because the actual generation cost (?/kWh) increased by 0.59 per cent, while the allowed end-user tariffs remained unchanged across the quarters.

According to the report, the total revenue collected by all DisCos in 2025/Q2 was ?564.71 billion out of the ?742.34 billion that was billed to customers.

This, said NERC, translates to a collection efficiency of 76.07 per cent.

In comparison, the report said, the total revenue collected by all DisCos in 2025/Q1 was ?553.63 billion out of the ?744.26 billion billed to customers, which translated to a 74.39 per cent collection efficiency.

This means that at an aggregate level, DisCos recorded a 1.68pp increase in collection efficiency between 2025/Q1 and 2025/Q2, according to the report.

NERC revealed that in 2025/Q2, three DisCos recorded collection efficiencies greater than 80per cent with Eko (87.80per cent ) recording the highest collection efficiency.

Conversely, it said Jos DisCo recorded the lowest collection efficiency at 43.82 per cent .

It added that on the other hand, the remaining five DisCos recorded declines in collection efficiency, with Abuja (-3.93pp) and Jos (-3.37pp) DisCos having the most significant declines across the quarters.

NERC explained that the Market Operator issues invoices to DisCos for energy transmission and administrative services.

The report said the period under review, DisCos made a total remittance of ?65.30 billion against the cumulative invoice of ?68.68 billion issued by the MO.

This payment, according to the report, translates to 95.07 per cent remittance performance and is a 1.25pp decrease

when compared to 96.32 per cent remittance performance recorded in 2025/Q1 when DisCos remitted ?59.49 billion out of ?61.76 billion invoice issued by the MO.

On the remittances made by bilateral customers (domestic and international) and special customers for invoices issued in 2025/Q2 by the MO, NERC noted they are the six international bilateral customers being supplied by GenCos in the NESI made a payment of $9.01 million against the cumulative invoice of $17.54 million issued by the MO for services rendered in 2025/Q2, translating to a remittance performance of 51.33 per cent .

It also said the domestic bilateral customers made a cumulative payment of ?1.401.00 billion against the invoice of ?2.796.29 billion issued to them by the MO for services rendered in 2025/Q2, translating to 50.10 per cent remittance performance.

The report explained that one domestic bilateral customer made payments during 2025/Q2 for outstanding MO invoices from previous quarters.

NERC said the MO received ?10.53 million from Trans-Amadi (OAU/FMPI) towards outstanding invoices from previous quarters.

Meanwhile, it said the special customer (Ajaokuta Steel Co. Ltd and the host community) did not make any payment towards the ?1.27 billion (NBET) and ?0.12 billion (MO) invoices received in 2025/Q2.

It explained that this continues a longstanding trend of non-payment by this customer, and the Commission has communicated the need for intervention on this issue to the relevant FGN authorities.

Leadway celebrates 55 years of innovation, others

Leadway, one of Nigeria’s foremost non-banking financial services and wellbeing providers, is celebrating 55 years of innovation, resilience, and inclusive impact across West Africa.

The Group Managing Director of Leadway Holdings, Tunde Hassan-Odukale said from its inception in 1970 as an insurance company, Leadway has evolved into a diversified group championing financial access, inclusion, and wellbeing for individuals and businesses across the region.

He stated that as at date, Leadway’s integrated offerings span life and general insurance, health coverage, pensions, asset and wealth management, estate planning, hospitality and credit solutions, empowering millions to build resilient financial futures.

He said: ‘Leadway’s journey is, in many ways, the story of Nigeria itself-one of resilience, diversity, and progress. We began with the mission of providing succour and financial freedom to individuals and businesses through risk management.

‘Over the years, that mission has expanded into building a holistic ecosystem that now encompasses insurance, pensions, health, investments, trusteeship and hospitality. This milestone is both a testament to the trust we have earned and the excellence we continue to uphold. Leadway has built its reputation as Nigeria’s most consistent claims-paying insurer, disbursing nearly N500 billion in claims between 2016 and 2024, including N117 billion in 2024 alone.

‘Through its HMO subsidiary, the group continues to deliver award-winning healthcare services to millions of Nigerians through a network of more than 2,500 hospital providers nationwide while continuously increasing robust financial portfolios and securing the future of many Nigerians through its Pensions and Asset Management subsidiaries’.

He noted that beyond Nigeria, Leadway has expanded its regional footprint into Côte d’Ivoire, strengthening its leadership in Francophone West Africa through Leadway Assurance, Ankara Services and Leadway IARD. The Group’s legacy also extends to impactful social initiatives.

‘Leadway Media Dash provides young entrepreneurs and SMEs with visibility by showcasing their businesses on Leadway-owned platforms. Its long-standing support for the Lagos International Trade Fair underlines its commitment to commerce and enterprise in the sub-region. Leadway also invests in Nigeria’s creative economy, sponsoring the Lagos Leather Fair, supporting the Nigerian Pavilion at the London Design Biennale, and championing emerging talent through the +234 Art Fair and Creative Bloc Carnival, among others.

‘As Leadway marks its 55th anniversary, it reflects on a journey marked by impact, resilience, and trust while restating its goal to create creative and inclusive financial, health, and wellness ecosystems for its clients. ‘We are committed to creating the next chapter of Africa’s financial services wellbeing powerhouse, offering digital-first solutions that are unparalleled, people-focused, and competitive on a global scale, with our past guiding us and shaping the future ahead’, Hassan-Odukale reaffirmed.

Police probe disappearance of NIS officer’s wife

The Lagos State Police Command has commenced investigation into the whereabouts of the wife of a Nigeria Immigration Service (NIS) officer, Mrs. Ladi Abel, who was allegedly kidnapped on Monday.

Mrs. Abel, according to NIS’ Seme Command’s public relations officer, Isaac Elijah, was kidnapped along the Badagry-Mile 2 Expressway in Lagos.

The 45-year-old wife of CSI Abel Mada was said to have left her Sawmill, Badagry residence around 7am for the Trade Fair Complex in Ojo when the incident occurred.

Elijah who spoke to the News Agency of Nigeria (NAN) in Badagry, said the woman’s husband received a call through her phone that Monday and the kidnappers demanded N7 million ransom.

‘One of the kidnappers used the woman’s phone to contact her husband, CSI Mada, requesting for N7 million in ransom to free his wife.

‘Today (Tuesday) at about 6am, one of the kidnappers called again reducing the ransom to N3 million if the husband wants the woman alive,’ he said.

The PRO said the case had been reported at the Badagry Police Station and Area K Zonal command of the Police.

He appealed to anyone with information that could lead to her safe return to contact the family on 08080883848.

But a police source told The Nation that the circumstances surrounding the incident were being investigated, stressing that the important issue was the woman’s safety.

‘We got a complaint about a woman who was on transit to the market from her home in Badagry and never got home. Right now, we are probing the circumstances surrounding the incident to ensure she’s safe. Police operation is ongoing and this is not something we want to discuss publicly for the woman’s safety and security,’ said the source.

Effective media reportage enabler of our operational successes, says COAS

The Chief of Army Staff (COAS), Lt.-Gen. Olufemi Oluyede, has said the synergy between the Nigerian Army and the media is not a matter of convenience.

The Army chief called it a strategic imperative to shape public understanding, mobilise national support, and highlight sacrifices made by troops in defending the nation.

Oluyede said this yesterday in Abuja while declaring open a three-day seminar with the theme: Enhancing Responsible Media Reportage of Nigerian Army Operations in a Joint and Multi-Agency Environment for Enhanced National Security. It was organised by the Directorate of Army Public Relations (DAPR) for DAPR officers, sister security agencies, and defence correspondents.

The COAS said the carefully chosen theme underscored the vital role of accountability, balance, and responsibility in the reportage of military operations – particularly in a joint environment where collaboration among security agencies is indispensable.

Represented by the Commander of the Nigerian Army Cyber Warfare Command, Maj.-Gen. Mohammed Abdullahi, the COAS noted that in an era where the battle for hearts and minds is as critical as the battle in the field, responsible media reportage has become a key enabler of operational success.

He stressed that the perception of the Nigerian Army, as well as all security agencies, ‘is largely shaped by the narratives carried in the media space’.

Oluyede noted that with the rise of digital technologies and artificial intelligence, the speed and reach of information – both genuine and false – have multiplied.

According to him, fake news, manipulated images, and deepfakes now pose real threats to national cohesion and operational integrity.

‘Therefore, our collective task is not only to counter misinformation but to ensure that truth and verified facts dominate public discourse.

‘Through initiatives such as this seminar, we seek to build a shared framework for responsible, conflict-sensitive reporting – one that amplifies truth, promotes professionalism, and safeguards national interest. It is our collective duty to ensure that the stories of our men and women in uniform are told accurately, respectfully, and in a way that strengthens the bond between the Armed Forces and the people we serve.

‘To the participants, I urge you to make the best use of this platform. Learn, share experiences, and build the capacity to navigate today’s complex media environment. The lectures and discussions during this seminar have been carefully curated to address the evolving challenges of defence communication, crisis reporting, and information management,’ Oluyede said.

The COAS urged the participants to learn, share experiences, and build the capacity to navigate the complex media environment.

He said the papers to be presented had been carefully curated to address the evolving challenges of defence communication, crisis reporting, and information management.

The acting Director of the Nigerian Army Public Relations, Lt.-Col. Appolonia Anele, noted that in today’s dynamic security environment, the role of the media transcends reporting events, extending to shaping public perception, rallying national support, countering misinformation and influencing the outcome of military operations.

She stressed that with the advent of Artificial Intelligence (AI) and the rapid spread of information through digital platforms, narratives could be manipulated within seconds – fake news, doctored images, and deepfakes now posed as much threat as enemy propaganda on the battlefield.

‘This reality underscores why fact-checking, verification, and responsible journalism have become indispensable to both national security and public trust.

‘No doubt, warfare is not fought solely with weapons but also in the information domain. Hybrid threats, disinformation campaigns and Artificial Intelligence-driven fake content are being weaponised to erode public confidence, discredit institutions and demoralise security forces.

‘To defeat these threats, we must counter falsehoods with verified facts, replace propaganda with truth, and ensure that the Nigerian public is accurately informed. This calls for professionalism, ethics and patriotism from all media stakeholders,’ she said.

Anele pledged the directorate’s commitment to ensuring access to timely, credible, and verifiable information that would enable responsible reportage while safeguarding national security interests.

She added: ‘For participants at this seminar, our role is not only to inform but to ensure that narratives surrounding security operations are accurate, constructive and supportive of national security objectives. Together, we must ensure that our troops win not only the battles in the field but also the battles of perception and information in the public domain. We must encourage and appreciate the huge sacrifices of troops, their gallantry sacrifice must be reinforced by responsible media reportage that amplifies their achievements, counters false narratives and fosters unity among Nigerians.’

’We need collaborative teaching measures’

Lagos State Governor, Babajide Sanwo-Olu, Commissioner of Basic and Secondary Education, Jamiu Alli-Balogun and Chair of NUT have called for collaborative teaching among teachers, parents, policymakers, communities.

This was the thrust of an event by the state wing of NUT, to mark Teachers’ Day, at Teachers’ Pavilion in Ikeja.

Sanwo-Olu, represented by Secretary to the State Government, Mrs. Bimbola Salu-Hundeyin, lauded teachers commitment, while praising their roles in training and shaping the mind and character of young ones for the future.

Speaking on the theme this year: ‘Recasting Teaching as a Collaborative Profession’, the governor said this is a reminder that teaching is not something teachers do alone.

He stressed that teachers are the ones, who awaken curiosity in young minds, nurture potential, and inspire children to dream beyond their limits.

‘So, every day, through your patience and commitment, you shape destinies and build the foundation of our society. Today is your day to pause, reflect, and celebrate the value you bring to lives of children and to the future of our state and nation,’ he noted.

Alli-Balogun urged teachers not to rely solely on government, but should take initiative to acquire skills to enhance their teaching practice.

He also told them not to lag behind on technical skills.

‘You cannot fall behind on ICT if you want to teach digitally savvy pupils. Today’s pupils are Internet experts, masters of computers and ICT gadgets. As their teachers, stay ahead, and get the skills to aid the tech-savvy generation.

‘Seek out knowledge on trends, processes, and procedures, and apply them to enhance the school system.

”Moving forward, just as the theme affirms, I advocate collaborative approach in the school system, fostering symbiotic relationships among headteahers, staff, and teachers s,’ he advised.

Akintoye said to succeed, teaching must become a collaborative profession, where teachers work not in isolation, but in synergy with one another, with parents, with government, with technology innovators, and with society.

‘Collaboration means mentorship, sharing best practice with colleagues, policymakers and parents as partners in child development’, she said.

Ex-Barcelona Alba set for retirement

Spain and Barcelona defender Jordi Alba will retire from football at the end of the Major League Soccer (MLS) season, the Inter Miami player has said.

Alba began his youth career at Barcelona, who released him for being too small, but was re-signed in 2012 from Valencia for 14 million euros ($16.34 million) and went on to spend 11 seasons at the Catalan club.

He joined Inter Miami in 2023, linking up with former teammates Lionel Messi, Sergio Busquets and Luis Suarez, while another former Barca colleague, Javier Mascherano, is the current head coach.

‘The time has come to close a truly meaningful chapter in my life,’ Alba said in a video posted on Instagram.

‘I’ve decided to bring my professional football career to an end at the conclusion to this season. I do so with complete conviction, with peace, and with happiness.

The 36-year-old retired from international football in 2023 after making 93 appearances for Spain and was part of the Euro 2012 winning team where he scored in the 4-0 victory over Italy in the final.

Alba won six LaLiga titles at Barcelona, and the Champions League along with the Club World Cup and five Copa del Rey. In the U.S. he won the Leagues Cup and Supporters’ Shield, and will bow out in November after the MLS playoffs.

China-Nigeria expo to deepen bilateral trade ties

Nigeria and China are set to strengthen their bilateral trade relations through the 2025 edition of the China Commodities Expo-Nigeria (CCE).

The event is scheduled to run from today till Friday, November 7 at the Landmark Event Centre, Victoria Island, Lagos.

Organised by the Trade Development Bureau of China’s Ministry of Commerce in collaboration with Brightway International Exhibition, and supported by various Chinese provincial governments, the Embassy of the People’s Republic of China in Nigeria, as well as the Federal and state governments of Nigeria, the annual Expo has become a major platform for promoting trade and investment between both nations.

Over 250 Chinese manufacturers and more than 5,000 business representatives are expected to participate in this year’s edition, which will feature products across key sectors including automobiles, motorcycles and spare parts, machinery, food processing and packaging, fashion and textiles, beauty products, construction and building materials, agricultural equipment, electrical and electronic products, medical devices, home appliances, power and renewable energy, and other emerging technologies.