Naira Holds Steady At ₦1,363/$ As Forex Market Stability Continues In June 2026

Brand Spur
-
0
Naira Holds Steady At ₦1,363/$ As Forex Market Stability Continues In June 2026

Nigeria’s foreign exchange market opened the new trading week on a relatively stable note, with the naira closing at approximately ₦1,363.83 against the United States dollar at the official Nigerian Foreign Exchange Market (NFEM), reinforcing signs of sustained calm in the country’s currency market.

The latest exchange rate data indicates that the local currency has maintained a narrow trading range in recent weeks, reflecting improved liquidity conditions and continued efforts by monetary authorities to support transparency and efficiency within the foreign exchange ecosystem.

Market participants have observed reduced volatility at the official window compared with previous periods, as reforms aimed at strengthening price discovery and boosting foreign currency supply continue to influence trading activity.

In a development closely watched by businesses, investors and import-dependent sectors, the official exchange rate has remained largely within the ₦1,360 band, suggesting greater predictability for economic planning and cross-border transactions. Brandspur Banking News Desk reports that the stability comes amid ongoing policy measures designed to deepen confidence in Nigeria’s unified foreign exchange framework.

The official rate serves as the benchmark for currency valuation in the formal market and is calculated using a volume-weighted average of completed transactions, providing a more transparent reflection of prevailing market conditions.

While the official market has remained relatively stable, rates in the parallel market have continued to trade at a premium, with the dollar exchanging around the ₦1,400 level in informal segments of the market. The gap between both markets, however, has narrowed significantly compared with periods of heightened foreign exchange pressure.

Also read: https://brandspurng.com/2026/06/15/carloha-nigeria-launches-chery-tiggo-9-hybrid-suv-announces-chery-q-electric-vehicle-brand-for-2026/

Financial analysts attribute the naira’s recent resilience to stronger foreign exchange inflows, improved market oversight and sustained interventions aimed at enhancing liquidity across the banking system. The reforms have also encouraged more transactions to move through formal channels, improving transparency in the pricing process.

For individuals and businesses requiring foreign currency, the prevailing official rate means that $100 is valued at roughly ₦136,383 at the NFEM window, providing a useful benchmark for trade, travel and international payments.

The relative stability of the naira comes at a time when policymakers are seeking to strengthen investor confidence, manage inflationary pressures and support broader economic recovery efforts. A more predictable exchange rate environment is widely regarded as essential for attracting investment, improving business planning and reducing uncertainty across key sectors of the economy.

As trading continues through the week, market observers will be monitoring foreign exchange supply trends, global dollar movements and domestic economic indicators for signals on the naira’s next direction. For now, the currency’s performance suggests that recent gains in market stability remain intact as Nigeria navigates its evolving foreign exchange reforms in 2026.

Carloha Nigeria Launches Chery Tiggo 9 Hybrid SUV, Announces Chery Q Electric Vehicle Brand For 2026

Brand Spur
-
0
Carloha Nigeria Launches Chery Tiggo 9 Hybrid SUV, Announces Chery Q Electric Vehicle Brand For 2026

Carloha Nigeria has expanded its presence in the country’s automotive market with the launch of the Chery Tiggo 9 Plug-in Hybrid Electric Vehicle (PHEV) while also unveiling plans to introduce Chery Q, a next-generation electric mobility brand, as demand for cleaner and smarter transportation solutions continues to grow.

The latest move signals a major push by the company to strengthen its position in Nigeria’s evolving automotive sector, where interest in fuel-efficient, technology-driven and environmentally sustainable vehicles is gradually increasing amid rising fuel costs and changing consumer preferences.

The new flagship SUV was officially presented at the company’s Lagos showroom, showcasing Chery’s latest hybrid technology designed to combine electric mobility with conventional petrol-powered performance. The model enters the premium SUV segment with a focus on efficiency, extended driving range, advanced safety systems and intelligent vehicle features.

Brandspur Brand News reports that the launch forms part of Chery’s broader strategy to deepen its footprint in Nigeria and accelerate the adoption of alternative-energy vehicles across Africa’s largest economy.

Company executives described Nigeria as a key growth market within the continent, citing its large population, expanding middle class and increasing appetite for modern mobility solutions. The introduction of the Tiggo 9 PHEV is expected to strengthen the brand’s product portfolio while offering consumers access to vehicles that balance performance, comfort and lower environmental impact.

Also read: https://brandspurng.com/2026/06/15/nigerias-food-industry-faces-fresh-job-losses-as-rising-costs-push-manufacturers-to-the-edge-in-2026/

Industry analysts note that hybrid and electric vehicles are attracting growing attention globally as governments and manufacturers pursue lower-emission transportation systems. Although adoption remains at an early stage in Nigeria, automotive stakeholders believe increasing awareness, technological advancements and long-term fuel savings could drive stronger market acceptance in the years ahead.

Carloha Nigeria also used the event to unveil plans for the future launch of Chery Q, a dedicated new-energy vehicle brand expected to focus on intelligent electric mobility. The upcoming lineup is projected to feature connected technologies, advanced battery systems and digital mobility solutions tailored to emerging consumer expectations.

In addition to introducing new products, the company reaffirmed its commitment to after-sales support through its CarlohaCare 6-6-7 ownership programme. The package combines extended warranty protection, scheduled vehicle servicing and repair support aimed at improving customer confidence and reducing long-term ownership costs.

The launch event further highlighted Chery’s growing emphasis on technology and innovation, featuring demonstrations of artificial intelligence-powered devices and robotics designed to showcase the company’s vision for future mobility ecosystems beyond traditional vehicle manufacturing.

The dual announcement of the Tiggo 9 PHEV and the planned arrival of Chery Q reflects a broader transformation taking place within the automotive industry as manufacturers increasingly invest in electrification, smart connectivity and sustainable transportation solutions.

With the latest expansion, Carloha Nigeria is positioning itself to compete more aggressively in the premium mobility segment while supporting the gradual transition toward cleaner and more technologically advanced vehicles in the Nigerian market.

Nigeria’s Food Industry Faces Fresh Job Losses As Rising Costs Push Manufacturers To The Edge In 2026

Brand Spur
-
0
Nigeria’s Food Industry Faces Fresh Job Losses As Rising Costs Push Manufacturers To The Edge In 2026

Nigeria’s food and beverage sector is coming under mounting pressure as manufacturers battle escalating production costs, foreign exchange instability, weak consumer spending and regulatory constraints, triggering fresh layoffs and raising fears of further business closures across the industry.

Industry labour representatives have warned that many companies are already reducing workforce numbers to manage rising operational expenses, while others are scaling back production in an effort to remain viable amid a difficult economic environment.

The growing concerns come as manufacturers continue to grapple with the impact of a volatile foreign exchange market, rising energy expenses, infrastructure deficits and inflation-driven declines in consumer purchasing power, all of which have increased the cost of doing business across the sector.

Brandspur Brand News reports that the Food, Beverage and Tobacco Senior Staff Association has expressed concern over the increasing number of workers leaving the industry, warning that more job losses could follow if urgent measures are not introduced to support manufacturers and preserve existing investments.

According to the association, the food and beverage industry remains heavily dependent on imported raw materials, exposing operators to exchange rate fluctuations and higher import costs. The sharp increase in input expenses has placed additional strain on companies already dealing with logistics challenges, unreliable power supply and declining demand from consumers facing economic hardship.

The union also highlighted concerns over restrictions affecting certain beverage and small-packaged consumer products, arguing that the measures could further weaken a segment of the market that serves millions of price-sensitive consumers. Industry stakeholders maintain that smaller package sizes remain essential for households adapting to reduced disposable income.

Also read: https://brandspurng.com/2026/06/15/nigerians-and-other-mobile-users-borrowed-n4-6-trillion-airtime-on-credit-in-2025/

Labour leaders believe that continued pressure on manufacturers could result in additional factory downsizing, reduced production capacity and further job cuts if policy and economic conditions fail to improve.

The warning comes at a time when Nigeria’s manufacturing sector is already navigating broader macroeconomic challenges linked to inflation, foreign exchange reforms and rising operating costs. Several businesses have reported increasing expenditure on energy, transportation and imported inputs over the past two years.

The association further noted that workers are facing increasing financial strain as living costs continue to rise, arguing that current wage levels are struggling to keep pace with prevailing economic realities. While acknowledging the difficult operating environment confronting employers, labour representatives called for continued dialogue on worker welfare and remuneration.

Industry stakeholders also urged employees to invest in skills development and continuous training to remain competitive in a rapidly evolving workplace increasingly influenced by technology and automation.

Despite the current challenges, labour leaders expressed support for collaborative efforts between government, employers and workers aimed at preserving jobs, strengthening local manufacturing and ensuring the long-term sustainability of Nigeria’s food and beverage industry.

Analysts note that the sector remains a critical contributor to employment, industrial output and food security, making its stability essential to broader economic growth. As cost pressures persist, attention is increasingly turning to policy interventions that could improve the operating environment, reduce production costs and help manufacturers maintain operations without further workforce reductions.

Nigerians And Other Mobile Users Borrowed N4.6 Trillion Airtime On Credit In 2025

Brand Spur
-
0
Nigerians And Other Mobile Users Borrowed N4.6 Trillion Airtime On Credit In 2025

Mobile subscribers across Nigeria and other emerging markets accessed more than $3.1 billion worth of airtime credit in 2025, highlighting the growing role of telecom-based lending as consumers increasingly rely on short-term digital financing to stay connected.

New financial disclosures from fintech company Optasia show that airtime advances issued through mobile network operators climbed to $3.18 billion during the year, representing a significant increase from the previous year and underscoring rising demand for micro-credit products linked to telecommunications services.

Africa remained the engine of growth for the business, accounting for more than 94 per cent of all airtime credit transactions processed by the company during the period. The figures reflect the continent’s expanding dependence on digital lending solutions amid persistent economic pressures, inflation concerns and limited access to conventional banking services.

Brandspur Banking News Desk reports that the value of airtime credit transactions translates to approximately N4.61 trillion using the exchange rates disclosed in the company’s financial statements, making telecom-linked lending one of the most active forms of consumer credit across several African markets.

Optasia operates a technology-driven lending platform that works with telecommunications companies and financial institutions to assess subscriber behaviour, determine creditworthiness and provide instant airtime advances. The platform also supports loan approvals, disbursements and repayment collections through automated digital systems.

Beyond airtime advances, the company recorded rapid growth in its nano-loan business, with transactions more than doubling in 2025. The lending segment generated billions of dollars in small-ticket loans distributed through partnerships with telecom operators and financial service providers across multiple countries.

The expansion of both airtime lending and nano-credit services contributed to strong financial performance for the firm. Revenue rose sharply during the year, while profitability and total asset value also increased, reflecting sustained demand for short-term consumer credit products in emerging markets.

Nigeria continues to play a strategic role within the company’s African operations. Optasia maintains a direct presence in the country through locally incorporated subsidiaries and identified the Nigerian market as a significant contributor to its business activity and foreign exchange exposure.

Also read: https://brandspurng.com/2026/06/15/uk-to-ban-tiktok-instagram-youtube-and-other-social-media-platforms-for-under-16s-by-spring-2027/

Financial disclosures also revealed that Nigeria remains one of the company’s key currency-risk markets, with substantial naira-denominated assets on its books. Although the firm’s exposure to fluctuations in the local currency declined during the year, movements in exchange rates continue to influence the value of earnings and assets when converted into dollars.

The report further showed a sharp rise in trade receivables linked to Nigerian operations, suggesting increased transaction volumes and stronger customer activity in the market. The company also retains access to local funding facilities from Nigerian financial institutions to support operational requirements when necessary.

At the same time, the airtime credit sector remains at the centre of an ongoing regulatory debate in Nigeria. Government agencies have recently examined proposals aimed at increasing competition within the market and expanding opportunities for indigenous fintech companies to participate in airtime and data credit services.

The controversy intensified earlier this year after telecommunications operators temporarily suspended airtime credit offerings following regulatory directives that sought to classify such services under consumer lending regulations. The move triggered concerns across the telecom sector before services were gradually restored nationwide.

Regulatory uncertainty remains unresolved as legal proceedings continue over the implementation of the framework governing digital lending and airtime credit products. Industry stakeholders are closely monitoring developments that could reshape the structure of the market and determine how future participants are licensed and regulated.

Despite the regulatory challenges and rising credit-risk provisions, the latest financial results indicate that demand for airtime advances and nano-loans remains strong. The trend highlights how millions of consumers continue to depend on mobile-based credit solutions as an accessible source of short-term financing in an increasingly digital economy.

UK To Ban TikTok, Instagram, YouTube And Other Social Media Platforms For Under-16s By Spring 2027

Brand Spur
-
0
UK To Ban TikTok, Instagram, YouTube And Other Social Media Platforms For Under-16s By Spring 2027

The United Kingdom has announced plans to prohibit children under the age of 16 from accessing major social media platforms from spring 2027, marking one of the most far-reaching online safety measures introduced by a Western government.

Prime Minister Keir Starmer unveiled the policy on Monday, confirming that platforms including TikTok, Instagram, Facebook, YouTube, Snapchat and X will fall within the scope of the restrictions. Messaging services such as WhatsApp and Signal will remain accessible to younger users under the proposed framework.

The move is designed to reduce children’s exposure to harmful online content, addictive platform features and digital risks that policymakers say have intensified in recent years. The government intends to work with regulators and technology companies to establish age-verification systems capable of enforcing the new rules before implementation.

Brandspur Politics reports that the announcement places the UK among a small group of countries pursuing strict age-based limits on social media access, following Australia’s introduction of a similar nationwide ban for under-16s in late 2025.

Also read: https://brandspurng.com/2026/06/15/nigerias-46-new-telecom-challengers-struggle-to-break-mtn-airtel-dominance-in-2026/

British authorities argue that existing online safety measures have not gone far enough in protecting minors from harmful material, cyberbullying, online exploitation and excessive screen use. The government believes stronger intervention is necessary as social media continues to play a central role in the daily lives of young people.

The proposed restrictions have already sparked debate among parents, educators, technology firms and child welfare advocates. Supporters say the policy could help improve mental wellbeing, reduce exposure to dangerous online trends and give families greater control over children’s digital habits.

However, critics warn that a blanket ban may create unintended consequences, particularly for young people who rely on social media for education, support networks, community engagement and communication with friends. Some disability advocacy organisations have also expressed concern that the policy could limit access to important social connections for children who already face barriers in offline environments.

Major technology companies affected by the proposal have questioned whether a full ban is the most effective solution. Several firms argue that stronger safety tools, parental controls and age-appropriate experiences would better protect young users without cutting off access entirely.

Questions also remain over how age verification will operate in practice. Regulators are expected to outline approved verification methods in the coming months, with potential options including identity checks, banking information, official records and other age-assurance technologies.

The policy arrives as governments around the world face increasing pressure to address concerns about the impact of social media on children’s mental health, online behaviour and personal safety. The UK government maintains that protecting young people online has become a national priority and says preparations for the ban will continue ahead of the planned 2027 rollout.

If implemented as proposed, the measure would significantly reshape how millions of British teenagers access digital platforms and could influence similar regulatory discussions in other countries seeking tougher controls on youth social media use.

Nigeria’s 46 New Telecom Challengers Struggle To Break MTN, Airtel Dominance In 2026

Brand Spur
-
0
Nigeria’s 46 New Telecom Challengers Struggle To Break MTN, Airtel Dominance In 2026

Nigeria’s ambitious push to introduce new competition into its telecommunications industry is facing early hurdles, as dozens of newly licensed Mobile Virtual Network Operators (MVNOs) struggle to gain meaningful market share despite growing consumer demand for affordable and reliable internet services.

The Nigerian Communications Commission (NCC) approved dozens of MVNO licences to encourage competition, improve connectivity, and expand telecom access across underserved communities. However, industry data suggests that only a handful of operators have made measurable progress since the rollout began.

The challenges facing the sector highlight the difficulty of disrupting a market largely controlled by established players such as MTN Nigeria, Airtel Nigeria, Globacom, and 9mobile. Despite widespread complaints over rising data costs and network quality, many consumers remain reluctant to switch providers due to concerns about service reliability, SIM registration requirements, and uncertainty about the long-term viability of new entrants.

Brandspur Banking News Desk reports that Nigeria’s MVNO framework was introduced to create room for smaller operators to offer mobile voice, data, and messaging services without investing in costly network infrastructure. Instead, these operators lease network capacity from existing telecom companies and compete through pricing, customer experience, and specialised service offerings.

The regulator initially licensed 25 MVNOs in 2023, with the number increasing to 46 by early 2024 as interest in the sector accelerated. However, the NCC later paused the issuance of additional licences while the emerging market matured and operators established sustainable business models.

Industry stakeholders say the promise of increased competition has been slowed by structural challenges. Unlike traditional telecom companies, MVNOs depend entirely on host network operators for access to infrastructure, creating a business relationship in which competitors must also serve as partners.

To address concerns around access negotiations, the NCC introduced draft business rules in 2026 requiring host network operators and MVNOs to conclude commercial and technical agreements within 120 days of a formal request. The move is intended to reduce delays and improve market entry opportunities for licensed operators.

Also read: https://brandspurng.com/2026/06/15/nigerian-banks-generate-n225bn-from-digital-banking-and-atm-charges-in-q1-2026/

Even with regulatory support, analysts argue that the economics remain difficult. MVNOs must still invest heavily in billing platforms, customer management systems, cybersecurity, SIM provisioning, compliance requirements, distribution networks, and technical integrations before they can operate effectively.

Industry experts estimate that building a nationally competitive MVNO business could require investments running into several billions of naira, particularly as many software platforms, cloud services, and telecom technologies are purchased in foreign currencies while revenues are generated in naira.

The financial burden comes at a time when Nigeria’s telecom industry continues to be dominated by major operators with extensive infrastructure investments. MTN Nigeria and Airtel Nigeria collectively control the overwhelming majority of mobile subscribers and continue to invest heavily in network expansion, creating significant barriers for new entrants.

The experience of some licensed MVNOs illustrates the challenge. While operators continue customer acquisition efforts and rollout plans, official industry figures have yet to show significant subscriber growth across the broader segment, raising questions about how quickly the new business model can scale.

The situation contrasts with more mature MVNO markets such as the United Kingdom and South Africa, where virtual operators have successfully built large subscriber bases by targeting specific customer groups and offering differentiated pricing models. Those markets benefited from years of regulatory development and wholesale market evolution before reaching their current scale.

For Nigerian consumers, the need for alternatives remains strong. Remote workers, software developers, content streamers, and digital entrepreneurs continue to report growing data consumption and rising internet costs, increasing demand for affordable, high-quality connectivity options.

Industry observers believe the long-term success of Nigeria’s MVNO sector will depend on a combination of supportive regulation, sustainable wholesale pricing, access to investment capital, and the ability of operators to deliver services that clearly differentiate them from established telecom providers.

While the market opportunity remains significant, the early performance of many licensed operators suggests that building viable telecom businesses without owning network infrastructure may prove far more complex than initially anticipated.

Nigerian Banks Generate N225bn From Digital Banking And ATM Charges In Q1 2026

Brand Spur
-
0
Nigerian Banks Generate N225bn From Digital Banking And ATM Charges In Q1 2026

Nigeria’s leading commercial banks earned a combined N224.69 billion from electronic banking services, card-related fees and ATM transactions during the first quarter of 2026, reflecting the growing role of digital financial services in the country’s banking industry.

An analysis of the latest unaudited financial results released by 11 listed lenders showed that income from digital channels increased by 12.56 per cent compared to the N199.61 billion recorded during the same period in 2025.

The rise in earnings highlights the continued shift by customers and businesses towards electronic payments, mobile banking, internet banking platforms and card-based transactions as banks deepen investments in digital infrastructure and financial technology. According to Brandspur Banking News Desk, revenue generated from electronic banking activities remains one of the strongest contributors to non-interest income across the sector.

Data from the financial statements indicate that revenue from e-banking platforms rose to N177.97 billion during the quarter, while ATM and card management charges climbed to N46.70 billion, demonstrating increased transaction volumes across digital channels.

Among the lenders reviewed, Access Holdings recorded the highest digital banking revenue at N55.71 billion, followed by UBA with N46.93 billion. Ecobank generated N35.53 billion from card-related services, while GTCO and Zenith Bank reported N21.90 billion and N21.54 billion respectively from electronic banking products.

Other institutions posting notable earnings included First Holdco, Fidelity Bank, Wema Bank, Stanbic IBTC, Sterling Financial Holdings and Jaiz Bank, all of which reported varying levels of growth in digital service income.

Fidelity Bank emerged as one of the fastest-growing players in the segment, posting a sharp increase in earnings from electronic banking and ATM-related charges. GTCO, Zenith Bank and Stanbic IBTC also recorded significant year-on-year improvements in digital banking revenue.

Also read: https://brandspurng.com/2026/06/15/george-ugbegua-honoured-as-ceo-of-the-year-for-digital-innovation-creative-leadership-at-brand-handlers-summit-awards-2026/

Despite the broader industry growth, some lenders reported declines in specific digital income lines. Wema Bank experienced a substantial drop in fees generated from electronic products, while UBA and Ecobank recorded marginal declines in selected digital banking categories.

The latest figures come amid continued expansion in Nigeria’s digital payments ecosystem, supported by growing smartphone penetration, increased adoption of cashless payment channels and regulatory efforts aimed at strengthening financial inclusion.

Recent economic indicators also suggest improving business activity across the country. The banking industry has continued to benefit from stronger demand for digital financial services as individuals and businesses increasingly rely on electronic transactions for everyday payments.

Across Africa, development institutions have repeatedly identified digitalisation as a key driver of financial inclusion, economic formalisation and domestic revenue generation. Digital payment systems are increasingly helping governments and financial institutions improve transparency, expand access to financial services and support small businesses operating outside traditional banking structures.

Analysts believe the growing contribution of digital channels to bank earnings underscores the long-term transformation of Nigeria’s financial sector, with electronic banking expected to remain a major source of revenue as adoption continues to expand in 2026.

George Ugbegua Honoured As CEO Of The Year For Digital Innovation & Creative Leadership At Brand Handlers Summit & Awards 2026

Brand Spur
-
0
George Ugbegua Honoured As CEO Of The Year For Digital Innovation & Creative Leadership At Brand Handlers Summit & Awards 2026

Dashboard Innovations is pleased to announce that its Chief Executive Officer, George Ugbegua, has been named CEO of the Year – Digital Innovation & Creative Leadership at the recently concluded Brand Handlers Summit & Awards 2026, one of Nigeria’s leading platforms for recognizing excellence in branding, innovation, leadership, and business transformation.

The prestigious recognition celebrates George Ugbegua’s outstanding contributions to digital innovation, strategic leadership, and his commitment to building a forward-looking organization that leverages technology and creativity to drive growth and deliver exceptional value to customers.

The award was presented during the Brand Handlers Summit & Awards 2026, which brought together industry leaders, entrepreneurs, marketing professionals, and innovators from across various sectors to discuss emerging trends and recognize individuals and organizations making significant impact in their respective fields.

Reacting to the recognition, George Ugbegua expressed gratitude to the organizers and dedicated the award to the entire Dashboard Inns team.

“I am deeply honoured to receive this award. While my name is on the plaque, this recognition belongs to every member of the Dashboard Inns family whose dedication, creativity, and commitment to excellence make innovation possible every day. We have always believed that digital transformation is not merely about adopting technology; it is about creating solutions that improve experiences, increase efficiency, and unlock new opportunities for growth.”

Also read: https://brandspurng.com/2026/06/15/fitc-reaffirms-commitment-to-advancing-sustainability-across-africa-ahead-of-the-2026-esg-conference/

He further noted that the recognition serves as motivation to continue pushing boundaries and exploring innovative approaches to business and customer engagement.

“This award inspires us to do even more. The future belongs to organizations that are willing to innovate, adapt, and lead with purpose. We remain committed to developing creative, technology-driven solutions that create value for our customers, partners, and stakeholders.”

Speaking on the selection of George Ugbegua for the award, the organizers of the Brand Handlers Summit & Awards stated that the recognition was based on his demonstrated ability to champion innovation while fostering a culture of creativity and excellence within his organization.

According to the organizers: “George Ugbegua exemplifies the kind of visionary leadership that is shaping the future of business in Nigeria. Through his commitment to digital innovation, strategic thinking, and creative leadership, he has positioned Dashboard Inns as a brand that embraces transformation and continuously seeks new ways to deliver value.

His achievements reflect the qualities that this award seeks to celebrate.” The organizers further highlighted that the CEO of the Year – Digital Innovation & Creative Leadership category recognizes leaders who have successfully leveraged innovation to drive organizational growth, strengthen customer engagement, and create sustainable impact within their industries.

Under George Ugbegua’s leadership, Dashboard Inns has continued to pursue innovative solutions, strengthen its market position, and embrace emerging technologies that enhance operational performance and customer satisfaction.His leadership philosophy, centered on innovation, collaboration, and continuous improvement, has earned him recognition among peers and industry stakeholders.

This latest accolade reinforces Dashboard Inns’ commitment to excellence and its vision of leading through innovation, creativity, and transformative leadership

FITC Reaffirms Commitment To Advancing Sustainability Across Africa Ahead Of The 2026 ESG Conference

Brand Spur
-
0
FITC Reaffirms Commitment To Advancing Sustainability Across Africa Ahead Of The 2026 ESG Conference

The Financial Institution Training Centre (FITC) has reaffirmed its commitment to advancing sustainability, responsible business practices, and long-term value creation across Africa during a high-level press conference held ahead of the 2026 FITC Sustainability & ESG Conference 3.0, scheduled for Wednesday, July 8th, 2026, in Lagos.

The press conference brought together leading media organizations and sustainability
stakeholders to discuss the growing importance of Environmental, Social, and
Governance (ESG) principles in shaping Africa’s future. The event also provided an
opportunity to unveil key elements of the conference agenda, outline its objectives and
expected outcomes, and highlight the strategic role of sustainability in Africa’s economic
transformation.

The 2026 FITC Sustainability & ESG Conference 3.0 is themed: “Building a Sustainable Africa: Integrating Environmental Stewardship, Social Impact, and Strong Governance for a Prosperous Future.”

Over the years, sustainability has evolved from a compliance and corporate responsibility
concern into a critical business and development imperative. Across the globe,
organizations are being challenged to respond to climate change, growing stakeholder
expectations, changing regulatory environments, and increasing demands for
transparency and accountability.

For Africa, these challenges are accompanied by significant opportunities. The continent
possesses immense human capital, natural resources, entrepreneurial energy, and
innovation potential. However, unlocking these opportunities sustainably requires
deliberate action, strategic collaboration, and responsible leadership.

In her opening address, Dr. Chizor Malize, MD/CEO, FITC, gave an overview of the
conference and its relevance within today’s rapidly changing business and development
environment.

She emphasized that sustainability has become a strategic imperative for organizations
seeking long-term resilience, competitiveness, and growth. She noted that organizations must move beyond declarations and commitments to measurable implementation, stressing that sustainability strategies must be embedded within governance structures, operational frameworks, investment decisions, and organizational culture.

Dr. Malize further explained that the conference seeks to equip leaders with practical
insights, actionable frameworks, and collaborative opportunities needed to drive
meaningful ESG outcomes.

Delivering the welcome address on behalf of Ayotola Jagun, Executive Director,
Oando Plc, and Chairman of the Conference Planning Committee, James Adenuga, Group Chief, HSSE & Sustainability Officer, Dangote Industries Limited, emphasized the importance of collaboration in addressing sustainability challenges and unlocking opportunities for growth across the continent. He noted that sustainability is no longer the responsibility of a single sector or institution but a shared responsibility requiring active participation from businesses, governments, regulators, investors, civil society organizations, and development partners.

According to him, sustainable development can only be achieved when stakeholders work
together to create systems and solutions capable of delivering long-term value for both
present and future generations.

Speaking on the upcoming conference, Dooyum Okwong, Head, Insights & Policy
Advocacy, FITC, highlighted that the conference is designed to facilitate meaningful
dialogue and encourage practical action around some of Africa’s most pressing
sustainability priorities.

She outlined the industry thought leaders who are on the line up as speakers at the
conference, the FITC Sustainability & ESG Institute Advisory Board comprises
distinguished leaders including Prof. Fabian Ajogwu, SAN, Senior Partner, Kenna
Partners and Chairman, Guinness Nigeria PLC; Dr. Chizor Malize, MD/CEO, FITC;
Soromidayo George, Director, Corporate Affairs & Sustainable Business; Dr. Ndidi
Nnoli-Edozien, Member, International Sustainability Standards Board (ISSB); Dr.
Henrietta Onwueguzia, Director, Business Innovation Accelerator; Olufemi
Shobanjo, Chief Executive Officer, NGX Regulation Limited; Olufemi Awoyemi,
Board Chairman, Proshare Nigeria; Tinuade Awe, Experienced Attorney and
Governance Consultant; and Osayi Alile, Chief Executive Officer, Aspire Coronation
Trust (ACT) Foundation.

Also read: https://brandspurng.com/2026/06/15/pmi-cannes-lions-launch-global-educators-forum-for-students/

The distinguished Planning Committee comprises sustainability and ESG practitioners
and industry thought leaders, including: Ayotola O. Jagun, Executive Director, Oando
Plc; Dr. Chizor Malize, MD/CEO, FITC; Soromidayo George, Director, Corporate
Affairs & Sustainable Development, Coca-Cola HBC Nigeria; Prof. Kenneth Amaeshi,
Chair in Sustainable Finance & Governance; Olufemi Shobanjo, CEO, NGX Regulation
Limited; Chioma Afe, Director, External Affairs, Seplat Energy; Titilope Oguntuga,
Director, Sustainability IHS Towers; Lolade Awogbade, Green Growth Advisor, FCDO;
Ebisan Akinsanya, Coordinator, Corporate Responsibility & National Programs,
Chevron; Chinwe Ifechiga, Social Performance Advisor, Total Energies; James
Adenuga, Group Chief HSE & Sustainability Officer, Dangote Industries Limited;
Oreoluwa Famurewa, Executive Director, Corporate Affairs, Friesland Campina;
Osayi Alile, Chief Executive Officer, Aspire Coronation Trust (ACT) Foundation.
The FITC Sustainability & ESG Conference has evolved into one of Africa’s leading
platforms for sustainability dialogue and ESG thought leadership.

This year’s edition is expected to attract sustainability practitioners, corporate executives,
board members, policymakers, regulators, development finance institutions, investors,
multilateral organizations, academic institutions, professional service providers, civil
society organizations. The conference is designed to create opportunities for cross-sector engagement while facilitating conversations that are practical, implementation-focused,
and outcome-driven.

A major focus of the press conference was the strategic importance of sustainability to
Africa’s future development.

The speakers noted that Africa faces a unique combination of opportunities and
challenges. While the continent contributes relatively little to global emissions, it remains
disproportionately vulnerable to climate-related risks, including flooding, droughts, food
insecurity, and resource pressures.

At the same time, Africa possesses significant potential to become a global leader in
renewable energy, sustainable agriculture, green infrastructure, circular economy
solutions, and impact-driven entrepreneurship.

Attendees agreed that achieving sustainable growth requires deliberate efforts to align
economic development objectives with environmental sustainability, social inclusion, and
governance effectiveness.

The conference is therefore positioned as a platform for identifying practical pathways
toward achieving these goals. Key discussions at the press conference centered on the core pillars of ESG – environmental stewardship, social impact, and governance – as critical drivers of sustainable development across Africa. Speakers highlighted the importance of climate resilience, resource efficiency, sustainable investment, and strategic social initiatives in creating long-term value for businesses and communities. The discussions also emphasized the growing role of green finance in mobilizing capital for sustainable projects and the need for stronger collaboration among governments, financial institutions, investors, and development partners. Additionally, participants underscored the importance of strong governance, ethical leadership, transparency, and accountability in building resilient institutions and fostering sustainable growth and stakeholder trust. The event attracted strong participation from members of the media, reflecting growing
interest in sustainability and ESG-related issues.

Journalists engaged speakers on topics ranging from ESG reporting and climate action to
governance practices and sustainable investment opportunities. The discussions underscored the increasingly important role of the media in raising awareness, driving accountability, and promoting informed conversations around sustainability.
As preparations continue for the 2026 FITC Sustainability & ESG Conference 3.0, FITC
remains committed to creating a platform that supports learning, collaboration,
innovation, and action.

The conference aims to inspire organizations and leaders to rethink traditional approaches, embrace sustainability as a strategic imperative, and contribute meaningfully to building a more resilient, inclusive, and prosperous Africa.Registration remains open. Interested participants can register via the conference registration page – https://fitc-ng.com/esg-conference-2026/ or visit FITC website.

PMI, Cannes Lions Launch Global Educators Forum For Students

Brand Spur
-
0
PMI, Cannes Lions Launch Global Educators Forum For Students

Project Management Institute (PMI), the leading authority in project success, has announced its partnership with Cannes Lions to launch the LIONS Educators Forum, a global initiative designed to connect academia with creative industries and better prepare students for the evolving world of work.

In a statement released to the media in Lagos, the organization said that, the Forum responds to a growing need for closer alignment between what is taught in classrooms and the skills required in today’s rapidly changing, AI-enabled economy.

As creativity, problem-solving, collaboration, and adaptability become increasingly critical across every profession, educators and industry leaders have an opportunity to work together to ensure students are equipped to thrive,” the statement added.

Addressing the areas the educstirs forum will focus on, Menaka Gopinath, Chief Marketing Officer at PMI, said “The LIONS Educators Forum will focus on two core areas: developing future-ready curricula and strengthening pathways between education and employment. Through curated discussions, shared insights, and ongoing collaboration, the Forum aims to equip educators with the tools, knowledge, and industry access needed to better prepare students for creative careers.

Educators from around the world are invited to join a growing global network built on collaboration, where best practice is shared openly, ideas are challenged, and the collective goal is to better prepare the next generation for success,” she added.

The Forum will be chaired by Vann Graves, Executive Director of VCU Brandcenter, and guided by a leadership team from Cannes Lions.

The programme will consist of three core components: Global Roundtables: Two virtual roundtables each year, one in Spring and one in Autumn, bringing together educators and industry leaders to explore key challenges and opportunities.

Cannes Lions In-Person Forum: A dedicated programme during the Cannes Lions International Festival of Creativity from 22 to 26 June 2026, hosted at the PMI Cabana and offering educators direct access to industry insights and global best practice.

Year-Round Network: An ongoing global community where educators and industry professionals can connect, share resources, and collaborate throughout the year.

Also read: https://brandspurng.com/2026/06/14/federal-government-may-begin-paying-salaries-and-pensions-through-enaira-by-2028/

Steve Latham, Global Head of Strategic Learning Initiatives at Cannes Lions, said, “Creativity is now one of the most important skills in the global economy, yet the connection between education and industry has never been more critical. The LIONS Educators Forum is designed to close that gap by creating a space where educators and industry leaders can collaborate, share insights, and shape the future together.”

As Founding Partner, PMI will help shape the Forum’s agenda by bringing a critical perspective on the skills students will need to succeed in an AI-enabled workplace. As technology accelerates change across every profession, project management has become an essential capability for turning ideas into outcomes, helping people navigate uncertainty, build resilience, collaborate across disciplines, and lead complex systems of work.

Menaka said, “The future of work will reward people who can do more than generate ideas. We need to equip students and the educators who guide them with the skills to bring people together, make sense of complexity, and turn creative ambition into real-world impact. Through the LIONS Educators Forum, PMI is proud to help prepare the next generation with the capabilities to not only imagine what is possible, but to make it happen.”

PMI works with thousands of academic institutions worldwide, equipping educators and students with industry-aligned tools that help turn ideas into outcomes, an essential capability in today’s creative economy.

The LIONS Educators Forum is part of Cannes Lions’ broader commitment to supporting lifelong learning and creative excellence across the global marketing and communications industry

1...373839...3,971Page 38 of 3,971