Lagos State Approves 14 New Licences For Off-Grid, Metering And Mini-Grid Power Operators

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Lagos State Approves 14 New Licences For Off-Grid, Metering And Mini-Grid Power Operators

The Lagos State Government has approved 14 electricity licences and permits covering off-grid generation, embedded generation, independent electricity distribution, metering services and interconnected mini-grid operations, in a major step towards strengthening power supply across the state.

The approvals were issued by the Lagos State Electricity Regulatory Commission (LASERC) during its first stakeholder engagement session, marking the commission’s formal entry into active market regulation following the establishment of Lagos’ independent electricity framework.

According to LASERC, the licensing exercise is designed to create a structured and investment-friendly electricity market capable of improving reliability and expanding access, particularly within industrial clusters and emerging residential communities. Brandspur Banking News Desk reports that the approvals reflect Lagos State’s push to decentralise electricity supply and reduce dependence on the national grid.

Among the approved operators, Axxela Limited received authorisation for a 5.8 megawatt off-grid generation project to serve Cadbury Nigeria Plc’s facility in Agidingbi. Daybreak Power Solutions Limited was granted multiple off-grid generation licences across major industrial sites, including Seven-Up Bottling Company, Nigerian Breweries, NBC, Crown Flour Mill, Nigerdock and Promasidor.

Isolo Power Gen Limited secured approval for a 9 megawatt embedded generation project located along the Apapa–Oshodi Expressway in Isolo, while Isolo Power Supply Limited was licensed as an Independent Electricity Distribution Network operator. Additional approvals were issued to New Hampshire Capital, GossLink Engineering and Enaro Energy Mini-Grid Limited for metering services and mini-grid operations.

LASERC said the latest approvals represent one of the most significant regulatory milestones under Lagos State’s evolving intrastate electricity market, with a strong focus on encouraging private sector participation and improving service delivery across the power value chain.

The commission noted that the licences align with the state’s broader electricity strategy, which prioritises embedded generation, mini-grids and independent distribution systems to boost supply in industrial areas, peri-urban communities and underserved locations.

Also read: https://brandspurng.com/2026/05/12/fidelity-banks-gross-earnings-rise-by-45-shareholders-funds-cross-n1trn-mark/

Looking ahead, LASERC disclosed plans to achieve 97.5 per cent electricity availability across Lagos by 2030, while reducing market losses to below 10 per cent through a decentralised and performance-driven electricity system.

As part of ongoing reforms beginning in 2026, the commission plans to roll out two to three pilot 24-hour electricity franchise zones by October 2026. It also intends to introduce Grid Interface Guidelines, commence a full metering initiative by July 2026 and open consumer complaint centres in phases starting with Amuwo Odofin in August, followed by Ikorodu and Epe in September.

LASERC further revealed that the Electric Eye of Lagos programme, an artificial intelligence-powered metering and monitoring system, will be finalised by August 2026, with pilot deployment scheduled for October. Draft market rules are expected in October 2026, ahead of finalisation by December, alongside the introduction of regulatory sandbox guidelines to support innovation.

The commission was formally constituted in 2024 following the signing of the Lagos Electricity Bill into law by Governor Babajide Sanwo-Olu, establishing Lagos State’s independent electricity market framework.

Fidelity Bank’s Gross Earnings Rise By 45%, Shareholders’ Funds Cross N1trn Mark

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Fidelity Bank’s Gross Earnings Rise By 45%, Shareholders’ Funds Cross N1trn Mark

Fidelity Bank Plc has reported a 45 percent increase in gross earnings for the 2025 financial year, as the lender’s shareholders’ funds crossed the N1 trillion mark following sustained balance sheet expansion and fresh capital injection.

Analysis from the audited financial statements for the year ended December 31, 2025, reveals that the bank delivered robust results across key financial metrics, including Gross Earnings, which stood at N1.5 trillion, up from N1,04 trillion reported in 2024.

Net Interest Income rose to N831.3 billion, compared to N629.7 billion in 2024, reflecting the bank’s stronger earnings capacity amid elevated interest rates and growth in interest-earning assets.

Interest and similar income calculated using the effective interest rate rose by 38.7 percent to N1.11 trillion in 2025 from N803.05 billion in 2024, while other interest and similar income increased by 25.1 percent to N184.51 billion.

Net interest income after credit loss also rose significantly by 41.2 percent to N809.74 billion from N573.33 billion. The bank also recorded an improvement in asset quality costs, as credit loss expense moderated to N21.61 billion from N56.44 billion, representing a 61.7 percent improvement year-on-year.

Fidelity Bank continued to expand its digital banking footprint, enhance customer experience, and support key sectors of the economy. Non-interest revenue performance remained strong during the period, with fee and commission income increasing by 44.7 percent to N113.36 billion from N78.36 billion. This was driven by letters of credit commissions and fees (N12.5 billion), ATM charges fees (N11.6 billion), commission on travellers’ cheques and foreign bills (N8.9 billion), accounts maintenance charge (N7.13 billion and commission on E-banking activities (N2.2 billion),

Other operating income rose by 200.5 percent to N8.24 billion, while foreign currency revaluation gains surged by 749.9 percent to N99.58 billion from N11.72 billion in 2024.

Fidelity Bank’s investment assets expanded significantly during the year, reflecting the bank’s stronger positioning in fixed income and other securities markets. Debt instruments at fair value through other comprehensive income (FVOCI) rose by 199 percent to N557.78 billion from N186.57 billion, while debt instruments at amortised cost increased by 27.2 percent to N1.97 trillion from N1.55 trillion. Equity instruments at FVOCI also rose by 26.2 percent to N87.85 billion.

The bank also recorded gains from financial assets measured at fair value through profit or loss (FVTPL), which increased by 280.7 percent to N2.75 billion. A new gain of N988 million from derecognition activities was also recorded during the period.

On the balance sheet side, cash and cash equivalents increased sharply by 87 percent to N1.32 trillion from N707.45 billion, indicating stronger liquidity buffers. Restricted balances with the Central Bank of Nigeria (CBN) also rose to N1.65 trillion from N1.59 trillion.

Also read: https://brandspurng.com/2026/05/12/mirroring-fidelity-banks-giant-footprints-in-aviation-financing-in-nigeria/

Other assets increased by 76.4 percent to N278.89 billion, while investments in property, plant, and equipment rose by 161.6 percent to N203.72 billion. Intangible assets climbed by 147.5 percent to N50.44 billion, indicating continued investment in technology and operational infrastructure. Deferred tax assets also increased significantly to N33.10 billion from N5.31 billion.

The bank further reduced debts issued and other borrowed funds to N888.95 billion from N929.60 billion, reflecting lower reliance on external borrowings. Deferred tax liabilities declined completely from N727 million in 2024 to zero in 2025.

The lender’s total assets grew by 18.6 percent to N10.46 trillion from N8.82 trillion, driven by growth in liquid assets and investment securities. Customer deposits rose by 16.1 percent to N6.89 trillion from N5.94 trillion, reflecting sustained customer confidence and expansion in the bank’s funding base.

Fidelity Bank also strengthened its capital position during the year as total equity increased by 21.1 percent to N1.09 trillion from N897.87 billion, pushing shareholders’ funds above the N1 trillion mark, reinforcing the lender’s capacity to support larger transactions, absorb shocks, and expand its regional and international banking ambitions.

The bank disclosed that it completed a private placement of 12.9 billion ordinary shares in December 2025, raising fresh capital that increased eligible capital to N532.6 billion, above the Central Bank of Nigeria’s N500 billion minimum requirement for banks with international authorisation.

The exercise increased total issued shares from 50.2 billion units to 63.17 billion units, significantly boosting shareholders’ funds beyond the N1 trillion threshold.

The stronger capital base is expected to improve the lender’s capacity to finance larger transactions, expand lending activities, and support future regional growth opportunities.

Mirroring Fidelity Bank’s Giant Footprints In Aviation Financing In Nigeria

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Mirroring Fidelity Bank’s Giant Footprints In Aviation Financing In Nigeria

Aviation business, not only in Nigeria, is generally known to be a capital intensive one and strictly guided by international regulations as prescribed by the International Civil Aviation Organisation (ICAO). The ICAO recommended standards and Practices are to be referred to when dealing in aviation business, therefore, Nigeria being a signatory to ICAO should uphold international civil aviation standards and fulfill its obligations under the Convention on International Civil Aviation.

Numerous challenges, including high operating cost; fluctuating exchange rates; difficulties in aircraft repossession; perceived high-risk environment for international financiers and lessors, leading to stringent financing terms or reluctance to engage with Nigerian airlines, have really overwhelmed the sector.

Experts say international lessors often perceive Nigeria as a high-risk country due to factors like currency fluctuations and difficulties in aircraft repossession, making it harder for airlines to secure leases on favourable terms and encountering difficulties in securing financing for aircraft acquisition and maintenance.

“Despite its strategic location, burgeoning population, and role as West Africa’s gateway, Nigeria’s aviation sector struggles to attract investment and secure newer, fuel-efficient aircraft under favorable leasing terms.

According to analysts, domestic airlines continue to shrink in size ‘due to lack of adequate financing and sometimes lack of sincerity among many operators who are not disciplined enough to differentiate between operating funds from personal monies and in the mix they encroach into their capital. This is why many airlines find it difficult to offset their loans, and because of frivolous spending by many operator and other factors, the banks had it as a policy not to give credit facility to airlines’.

Fidelity Bank’s Midas Touch

Not many people were aware that while banks stayed away from the sector, Fidelity Bank placed a bet on Barrister Allen Onyema’s Air Peace brand over 10 years ago.

Air Peace began operations with seven aircraft consisting of three Dornier 328s and four Boeing 737-500. This initial fleet was notably larger than what some other airlines started with. The airline launched on October 24, 2014.

Despite their size and smallness, Fidelity Bank chose to stick with the airline. It provided fund to buy new aircraft from Boeing. In 2018, Dr. Allen Onyema signed an agreement with Boeing for 10 new aircraft, this was financed by Fidelity Bank.

Fidelity Bank provided the funds required for Air Peace’s growth and expansion. Air Peace has scaled up and is now the largest airline in West Africa by fleet and size.

The airline has also kept faith with Fidelity Bank by choosing to bank with it even in the face of multiple choices, currently.

No airline in Nigeria today comes close to Air Peace in terms of daily turnover and liquidity.

Onyema, who disclosed recently at a press conference to announce commencement of Abuja-London Heathrow flights, that the airline currently has 49 aircraft, 36 on outright purchase and four on wet lease, spoke of the financial integrity of the airline, adding that it has contributed to the feat of securing the coveted slot in Heathrow.

Speaking on maintenance and financial integrity of the airline, Onyema described its fleet maintenance as top notch, revealing that its partnership with Israeli Aerospace Service and OEM has also earned it international accolades. He added that Air Peace’s financial integrity has grown the confidence of other financial institutions in investment in aviation.

“The banking industry confidence has grown due to our financial integrity. Fidelity bank celebrated us recently, our financial integrity is the reason for our expansion, every Nigerian banks now wants to partner with us because we see borrowed money as other people’s money, they are depositors’ money, so we are prudent with it, banks don’t look over their shoulders when they are dealing with us”, he added.

On Sunday, April 21, 2024, Fidelity Bank hosted an evening in honour of Air Peace for achieving a historic milestone of being the first Nigerian airline in recent times to commence direct flights from Nigeria to London.

The dinner, which also coincided with the 10th year anniversary of the airline, was to be an opportunity to get together to celebrate Nigerian aviation giant and Chairman of the Air Peace Group, Dr. Allen Onyema, who had broken the jinx of Nigerian airlines in the international aviation space with its commencement of flights to London.

Making its debut flight to London on March 30, 2024, with a ticket price of N1.2 million while players in the space prior to March 30 had charged as much as N3 million, foreign airlines plying the route has since continued to drop their prices in order to remain competitive in the market.

Air Peace’ involvement in the international flight terrain has received lots of accolades from Nigerians at home and abroad and its strategic pricing is also a big win for Nigeria’s flying public as reduced flight cost gives Nigerians more liquidity to enjoy other pleasures they may wish.

Following on this, Fidelity bank’s evening in honour of Air Peace is a loud cheer in support of the airline.

According to Onyema, when the airline started operating in 2014, of all the financial institution within the country, only Fidelity bank was willing to support it through its teething period.

Onyema noted that the support gotten from the bank has been consistent through the years enabling him to fulfill his lifelong dream of job creation and empowerment of the average Nigerian.

“This bank (Fidelity) is the only bank that responded to us in the early days. They believed in us. People that earn hundred thousand a month, they give them loans. I call it our journey with Fidelity Bank”.

Also read: https://brandspurng.com/2026/05/11/masterchef-nigeria-surprise-from-nightmare-to-dream-come-true-fads-is-back-and-on-fire/

“Dr. Nneka Onyeali-Ikpe has just spoken about us, how we were there for them. But I also remember how she was there for us while she was an Executive Director with Fidelity. The team was always there when the road was very rough. Words have failed me because I didn’t know this day will come when an indigenous institution will be celebrating another indigenous institution. It is very encouraging.”

In her remarks at the event, the Managing Director and Chief Executive Officer, Fidelity bank, Dr. Onyeka Onyeali-Ikpe, stated that the celebration is well deserved as Air Peace has through financial discipline expanded its operational fleet and is going the extra mile to put Nigeria on the world stage.

“Today, we are celebrating one of ours. They started operations with a few aircrafts and today they have 24 aircrafts. My experience with them underscores what you call financial discipline. When you go through their accounts, you will not see personal spend.

“That is a lesson for everybody. We are here to celebrate them. This is a major milestone. We have supported them, no doubt, but they have also been very loyal to us. Because they have been a big fan for a very long time and all the big boys wanted them but Allen and his team said no.

Ibom Air

Fidelity Bank is also a part of the success story of Ibom Air as it was recently revealed by the erstwhile managing Director of the airline, Captain Mfon Udom that it was the lead financier for the acquisition of its Airbus A220-300 Series.

Speaking at the ceremony to officially receive the aircraft at the Victor Attah International Airport Uyo, Udom stated that “there are several Banks that are supporting Ibom Air, but this Aircraft in particular has been made possible by Fidelity Bank and Union Bank.’

“The significance of this ceremony today cannot be over-emphasized. I must thank Fidelity Bank because they have come in full force to support us. By 2026 we are going to be operating 18 aircraft and adding two new destinations to the routes of Ibom Air later this year, the aircraft will boost services on existing routes.

“My speech would be incomplete without acknowledging the role played by Fidelity Bank as the lead financier of the acquisition of Ibom’s Air’s Airbus A220-300 aircraft”, he stated.

Also speaking at the event, the Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, represented by Mr. Charles Nwoke, Executive Director, Risk Management, Fidelity Bank noted that “As the market leader in airline financing in Nigeria, Fidelity Bank is proud to support Ibom Air in this venture.

His words “The partnership reflects our commitment to being the bank of choice for the people of Akwa Ibom State. And we pledge to do more for our valued customers as we continue to pursue our corporate mandate of helping individuals to grow, businesses to thrive and economies to prosper.’’

Enugu Air

And the recently launched Enugu Air was also made possible with a strong financial support of Fidelity Bank.

Its Managing Director, Dr. Nneka Onyeali-Ikpe, described the launch of Enugu Air as a powerful affirmation that the nation’s aviation sector is major driver of Nigeria’s economic growth.

Speaking at the official launch of the Enugu Air held at the Akanu Ibiam International Airport, Enugu, she stated that ‘Fidelity Bank is proud to finance tomorrow’s opportunities today, noting that the bank’s support for Enugu Air aligns with its belief in aviation as a catalyst for growth’.

“It is an honour to join you today as we celebrate the official launch of Enugu Air. As the lead financier of this visionary project, our support for Enugu Air reflects our long-standing belief in aviation as a driver of economic growth, regional connectivity, and national transformation.

“At Fidelity Bank, we stand firmly behind its potential to unlock new corridors of opportunity by boosting tourism, accelerating commerce, and creating thousands of jobs across the Southeast. We are proud to finance tomorrow’s opportunities today, a powerful affirmation that ‘Tomorrow Is Here’ in Enugu State and across Nigeria’s aviation sector.” she stated.

CTC signing by Nigeria

Led by the Vice President, Kashim Shettima and Aviation and Aerospace Development Minister, Festus Keyamo, Nigeria recently signed the Cape Town Convention (CTC) Practice Direction in the aviation sector, aimed at reducing the cost of airline operations. This move is expected to facilitate aircraft leasing and financing, potentially leading to lower flight costs for passengers.

CTC is a treaty designed to facilitate asset-based financing and leasing of aviation equipment, expand financing opportunities, and reduce costs – thereby providing substantial economic benefits. It is believed that this move by government will continue to encourage Fidelity Bank to support more domestic airlines that have hitherto found it difficult to access funds for fleet and route expansion.

MasterChef Nigeria Surprise: From Nightmare To Dream Come True, Fads Is Back And On Fire

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MasterChef Nigeria Surprise: From Nightmare To Dream Come True, Fads Is Back And On Fire

The MasterChef Nigeria kitchen is no stranger to unexpected twists — and this week delivered one of its biggest surprises yet.

In a dramatic turn of events, previously eliminated home cooks Fads, Pearl and Margaret were given an extraordinary second chance: a shot at redemption and an opportunity to fight their way back into the competition.

With a place back in the MasterChef kitchen — and a chance to compete for the life-changing ₦73 million prize — on the line, the trio faced a high-pressure Redemption Challenge centred around one deceptively simple ingredient: eggs.

Tasked with mastering three culinary fundamentals in just 10 minutes, the contestants had to deliver the perfect poached egg, boiled egg and omelette — a challenge designed to test precision, timing and technical skill under immense pressure.

In a dramatic cook-off, it was Fads who rose to the occasion, impressing the judges with her execution and earning her place back in the MasterChef kitchen. For Pearl and Margaret, however, the challenge marked the end of their MasterChef journey, as they bid farewell to the competition for good.

True to the spirit of MasterChef Nigeria, the competition was far from over. The Top 8 immediately faced another challenge — a celebration of the Staples of Success — where culinary skill met high stakes. With an impressive ₦2 million up for grabs, the home cooks had yet another opportunity to prove themselves in the MasterChef kitchen.

The arrival of the white apron cook was met with excitement in the MasterChef Nigeria kitchen, as the home cooks embraced the moment with enthusiasm and ambition.

However, while some rose to the occasion, others struggled to meet the judges’ exacting standards.

Derry’s dish was dealt a major setback when her chicken was found to be undercooked. David’s red chilli starter and roasted chicken main failed to deliver the impact the judges had hoped for and overwhelmed by emotion, Favy faced a challenge of her own when her panna cotta refused to set, forcing her to rethink her dish under pressure.

Also read: https://brandspurng.com/2026/05/11/presspayng-engages-over-200-students-in-peace-and-nation-building/

Demilade impressed the judges with a standout combination of Potato Crisps and a creative Plantain Split, showcasing both confidence and flair in the kitchen. Fads, meanwhile, delivered a remarkable comeback with her comforting yet elevated take on Yam Chips and Potato Soup — a dish that earned high praise from the judges. Clearly impressed, Chef Eros described Fads’ creation as “restaurant ready.”

Demilade and Fads rose above the competition to secure coveted spots in the Top 2, earning themselves a shot at the ₦2 million prize.

In the end, it was Fads who claimed Dish of the Day, completing an impressive comeback story as she walked away with ₦2 million and renewed confidence in the MasterChef Nigeria kitchen.

Next week, tensions rise as the Top 8 take on a high-pressure Fashion Challenge, with the MasterChef kitchen also welcoming special guest judge Ezinne Chinkata.

Produced by Primedia Group, MasterChef Nigeria is supported by a strong coalition of leading Nigerian brands, including headline sponsor Power Oil, alongside Indomie, Dano Milk, Malta Guinness, Sonia Tomato, Kiara Rice, Golden Penny Flour, Golden Penny Sugar, Golden Penny Garri, Golden Penny Semolina, Golden Penny Chocolate Spread, and Golden Penny Wheat.

The show airs weekly on Sundays at 7 pm on Africa Magic Showcase and Africa Magic Family with rebroadcast on Wednesdays at 6 pm on Africa Magic Showcase and Thursdays at 12 pm on Africa Magic Family.

For more information, visit www.masterchefnigeria.com and follow the conversation on social media: Facebook: MasterChef Nigeria | Instagram: @masterchefngr | TikTok: @masterchefngr | X (formerly Twitter): @masterchefngr

PressPayNG Engages Over 200 Students In Peace And Nation Building

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PressPayNG Engages Over 200 Students In Peace And Nation Building

To drive a new narrative for a better Nigeria and ensure young people are active participants in the national development, PressPayNG recently assembled over 200 Nigerian students across the geopolitical zones in Abuja for a critical intervention in Nigeria’s evolving social architecture.

In a statement by the organisers titled: “Reframing Youth Engagement as a Strategic Peacebuilding Asset: Insights from the Peace Study Forum 2026”, the Peace Study Forum 2026, convened by PressPayNG and supported by the United Nations Educational, Scientific, and Cultural Organization (UNESCO) under its Intercultural Leadership Programme, was held at the Prixair Hotel, Abuja

Speaking at the Forum, the Founder/CEO of PressPayNG, Abiola Metilelu, stated that “The forum brought together over 200 students from across Nigeria’s six geopolitical zones. But beyond the numbers, what mattered was the composition: young Nigerians positioned not as passive participants in national discourse but as active architects of peace, championing the narrative for a better Nigeria.

“Because let’s be clear, Nigeria’s challenge is no longer just policy; it is perception. And perception, when left unmanaged, becomes conflict. What this forum achieved was a deliberate intervention at the level of narrative formation,” he added.

One of the keynote speakers, Petra Akinti Onyegbule, Head of Government Strategic Partnerships, was the former Chief Press Secretary to the former Governor of Kogi State, said, “This was not a one-day gathering but the culmination of a deliberate, three-month engagement model built on depth.

The initiative began with a structured virtual boot camp involving 50 students drawn from campuses nationwide. This was followed by a closed-door, in-person leadership and peacebuilding session for 25 participants on the morning of the forum, which I co-facilitated with Kehinde Charity Awujoola, Senior Special Assistant on Gender Matters to the Honourable Minister of Youth Development,” she stated.

This representation was significant, she said. The presence of the Honourable Minister for Youth Development at the forum, through his SSA on Gender Matters, reinforced the institutional importance of youth-led peacebuilding and positioned the initiative within the broader national youth development agenda.

“We engaged participants on practical competencies, dialogue facilitation, peer influence, conflict management, and most importantly, narrative responsibility. Because in today’s digital ecosystem, the loudest voice is not always the most informed, but it is often, unfortunately, the most influential.”

In my keynote address, “Nigeria’s Diversity, Ethnocentrism, and Peacebuilding: The Story That Divides Us and the Voices That Can Heal Us,” Onyegbule said, “I made one point clear: Nigeria’s divisions are not just structural; they are deeply psychological. We have normalised an ‘us versus them’ framework that continues to undermine national cohesion. Yet, if we are honest, progress in any meaningful sense will only emerge when we begin to think and act from a place of collective identity.

Peace is not a moral aspiration; it is a strategic necessity. No economy grows in instability. No investment thrives in uncertainty. No society develops in sustained tension,” she said.

Also read: https://brandspurng.com/2026/05/11/coffha-launches-n300million-skill-acquisition-campaign/

From a strategic perspective, the link between social cohesion and economic outcomes is not theoretical, it is operational. Capital does not flow in a vacuum; capital follows stability. It follows trust. And it follows environments where risk is predictable and managed.

According to her, “What initiatives like this do is upstream work, they address the social conditions that ultimately determine whether economic systems succeed or fail. If young people are not equipped to manage diversity, engage constructively, and lead responsibly, then every intervention downstream, SME financing, agriculture value chains, digital inclusion, becomes harder, slower, and riskier.”

Speaking on the essence of the forum, Metilelu said, “So, no, this is not ‘just’ a youth forum. This is infrastructure. Soft infrastructure, but infrastructure nonetheless. What struck me most was not just the energy in the room, but also the intentionality.”

“Young people asking the right questions, listening, not to respond, but to understand, and leaning into uncomfortable truths about identity, leadership, and responsibility. And for me, this is where real leadership begins,” Onyegbule revealed.

“Credit must be given to Abiola Metilelu, CEO of PressPay Ng, whose vision for African students is not transactional, but transformational. He has demonstrated leadership by building platforms that outlive moments,” he commended.

The forum concluded with tangible outputs, a Peace Leadership Pledge, intercultural engagement commitments, and recognition of outstanding participants, including Olugbamiye Opeyemi Emmanuel of the Federal University Lokoja.

COFFHA Launches N300million Skill Acquisition Campaign

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COFFHA Launches N300million Skill Acquisition Campaign

· Announces investiture of new president

The Committee of Friends for Humanity (COFFHA) has announced two significant developments that mark an important and promising chapter in the organisation’s continued service to humanity- a N300 million skill acquisition campaign and investiture of the new president.

In a statement titled ‘Build the Future, today’ by COFFHA, and made available to the media, the statement read in part, ‘COFFHA is delighted to announce that on Sunday, June 14, 2026, Mrs Augustine Igbokwe will be formally invested as the new President of the Committee of Friends for Humanity. This investiture marks a proud and historic milestone for the organisation, and COFFHA looks forward to the fresh vision, energy, and dedication she brings to this esteemed role.’

‘Mrs Augustine Igbokwe’s appointment reflects COFFHA’s unwavering commitment to purposeful and compassionate leadership. Her wealth of experience and deep passion for humanitarian service position her exceptionally well to guide the organisation into its next phase of growth and impact,’ the statement said.

On the N300 million skill acquisition campaign, the statement said, “Alongside this leadership transition, COFFHA is officially launching a fundraising campaign to complete the construction and full equipping of its Skill Acquisition Centre — a facility purpose-built to provide practical vocational training and economic empowerment to youth, women, and underserved members of the community.”

Also read: https://brandspurng.com/2026/05/11/advan-trustee-aare-fatai-odesile-to-receive-highest-traditional-title-in-ora-kingdom/

Mrs Igbokwe said that COFFHA is calling on individuals, corporations, philanthropists, faith-based organisations, and all well-meaning members of society to partner to raise the sum of Three Hundred Million Naira (₦300,000,000) for the project.

According to her, “Once fully operational, the Centre will equip beneficiaries with marketable skills, foster self-reliance, and create pathways out of poverty for countless families. Every contribution, no matter the amount, is a direct investment in the lives of people who need it most. When communities come together, transformation follows,” she added.

On how to donate, she encouraged individuals and organisations to obtain bank details, or stay informed about the investiture ceremony and fundraising campaign, or visit the official website at www.coffha.org.

The Committee of Friends for Humanity (COFFHA) is a non-profit humanitarian organisation committed to improving lives through community development, education, and empowerment initiatives. Through various programmes and projects, COFFHA continues to make a meaningful and lasting difference in the lives of individuals and communities across the nation.

ADVAN Trustee, Aare Fatai Odesile, To Receive Highest Traditional Title In Ora Kingdom

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ADVAN Trustee, Aare Fatai Odesile, To Receive Highest Traditional Title In Ora Kingdom

A Trustee of the Advertisers Association of Nigeria (ADVAN), Aare Fatai Odesile, is set to be conferred with the prestigious traditional title of Olookan of Ora Land during the maiden coronation ceremony of the King of Ora Kingdom in Kwara State.

ADVAN Trustee, Aare Fatai Odesile, to Receive Highest Traditional Title in Ora Kingdom

According to a formal notification issued ahead of the event, the monarch informed members of the Odesile Dynasty and the wider Ora community of his decision to bestow the honour on Aare Fatai Odesile in recognition of his contributions, leadership, and standing within the kingdom.

Also read: https://brandspurng.com/2026/05/11/nigerians-win-suvs-%e2%82%a65m-%e2%82%a63m-as-nivea-concludes-%e2%82%a63-billion-consumer-promo/

The conferment ceremony is scheduled to take place on May 29 in Ora, Kwara State, during the forthcoming Muslim Sallah celebrations, specifically on the third day after Ileya.

The title of Olookan of Ora Land is regarded as the highest traditional chieftaincy title in the kingdom after the king, placing Aare Fatai Odesile next in hierarchy and command within the traditional structure of Ora Land.

The coronation ceremony is expected to attract dignitaries, traditional rulers, business leaders, family members, and well-wishers from across the country as the kingdom celebrates a significant moment in its history.

Nigerians Win SUVs, ₦5m, ₦3m As NIVEA Concludes ₦3 Billion Consumer Promo

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Nigerians Win SUVs, ₦5m, ₦3m As NIVEA Concludes ₦3 Billion Consumer Promo

Lagos, Nigeria – May 11, 2026

NIVEA has formally concluded its ₦3 billion National Consumer Promotion, marking the end of a 12-week nationwide campaign that has delivered cash rewards, vehicles, travel experiences, and millions of instant prizes to consumers across Nigeria.

The promotion reached its peak with a series of grand finale ceremonies held over three days, from Friday, April 17, to Tuesday, April 21, 2026, in key cities including Lagos, Abuja, and Port Harcourt. In Lagos, the final presentation took place at the Providence Hotel, Ikeja, where winners were officially presented with their prizes in a grand, high-profile event attended by brand representatives, regulators, and other key stakeholders.

The final draw, conducted on April 9, produced 10 grand prize winners. These included recipients of three brand-new SUVs, as well as winners of cash prizes of ₦5 million, ₦3 million, and ₦2 million, respectively. Additional winners secured all-expense-paid trips to Spain to watch Real Madrid play live.

One of the recipients at the grand finale, Oladipupo Demilade, a final-year student at Caleb University and one of the lucky SUV winners, said he initially doubted the notification. “When I received the call, I did not think it was real. I had to verify it before it became clear. It is a significant moment for me, particularly at this stage of my life,” he said.

Joy Onwuarikaije, one of the ₦5 million cash prize winners, related a similar experience. According to her, the first reaction was that of doubt. But that all changed, she said, after she confirmed through the right channels. She said the win has turned into a meaningful opportunity for her and her business.

The geographical spread of winners reflects the national reach of the campaign. SUV recipients included Fabian Kamsi (Abuja), Oladipupo Temilola (Lagos), and Bright Egbema (Port Harcourt), while major cash prizes were awarded to Faith Agbo (Enugu), Joy Onwuarikaije (Lagos), and Mariam Ibrahim (Kano), among others.

Beyond the grand prizes, the promotion recorded significant reach. More than 700,000 consumers emerged as winners over the course of the campaign. Close to 400 participants received prizes ranging from ₦1 million cash to ₦50,000 in shopping vouchers, while over 1.2 million consumers were awarded instant airtime credits.

Also read: https://brandspurng.com/2026/05/11/polaris-bank-earns-youth-employment-recognition-from-jobberman/

Speaking with excitement at the Lagos ceremony, Fiyin Toyo, Marketing Director for Central, East & West Africa (CEWA) at Beiersdorf, expressed joy about the campaign’s impact, saying that it was designed to recognise and reward consumer loyalty at scale.

“This initiative was intended to acknowledge the role our consumers play in the brand’s continued growth. The response has been extensive, and the outcome reflects both participation and trust,” she said.

Participation in the promotion was tied to the purchase of selected NIVEA 400ml body lotion variants. Consumers entered by dialling a code found on-pack, receiving instant rewards while also qualifying for periodic draws.

The campaign, themed “Double the Care, Double the Glow”, combined routine product usage with a layered reward system aimed at encouraging brand engagement through tangible incentives.

The ₦3 Billion Consumer Promotion was conducted under the supervision and approval of the National Lottery Regulatory Commission (NLRC), the Lagos State Lotteries and Gaming Authority (LSLGA), and the Federal Competition and Consumer Protection Commission (FCCPC).

Polaris Bank Earns Youth Employment Recognition From Jobberman

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Polaris Bank Earns Youth Employment Recognition From Jobberman

Lagos, Nigeria – May, 2026 – Polaris Bank, Nigeria’s leading digital retail and commercial bank, has been honoured with the Private Sector Champion Award at the 2026 Jobberman Partners’ Convening held at Eko Hotel & Suites, Victoria Island, Lagos, in recognition of the Bank’s outstanding and stellar contributions to youth employment, talent development, and workforce empowerment across Nigeria.

The award recognises private sector organisations that have demonstrated exceptional commitment and leadership in advancing youth employability through impactful recruitment initiatives, graduate trainee programmes, executive hiring support, candidate assessment programmes, and strategic partnerships that create sustainable career opportunities for young Nigerians.

Organised by Jobberman, Nigeria’s leading recruitment and career development platform, the annual convening brought together key stakeholders from the private sector, development organisations, and industry leaders to deliberate on practical and scalable solutions for addressing youth unemployment in Nigeria.

Speaking on the recognition, Cynthia Sanyaolu, Head Talent Management at Polaris Bank reaffirmed the bank’s commitment to empowering young Nigerians and strengthening the nation’s workforce through strategic people-focused initiatives designed to create long-term economic and social impact.

“This recognition reflects Polaris Bank’s unwavering belief in the potential of the Nigerian youths and our commitment to building platforms that enable them thrive professionally and economically,” Cynthia stated. “At Polaris Bank, we see talent development and youth empowerment as critical drivers of national growth and sustainable development.”

Also read: https://brandspurng.com/2026/05/10/guinness-nigeria-ceo-attributes-strong-2026-start-to-operational-efficiency-localised-decision-making-others/

Themed: “From Impact to Action: Collectively Designing the Future of Youth Employment in Nigeria,” the convening focused on fostering collaboration between the private sector and other stakeholders to expand access to meaningful employment opportunities and equip young Nigerians with the skills and opportunities required to succeed in an evolving economy.

On the recognition, Jobberman commended Polaris Bank for consistently going beyond transactional partnerships to deliver measurable impact within Nigeria’s employment ecosystem. The renowned recruitment firm described Polaris Bank as a credible and purpose-driven institution committed to advancing youth employability and supporting the future of work in Nigeria.

Over the years, Polaris Bank has continued to invest in initiatives that promote learning, career growth, workforce inclusion, and economic empowerment. Through strategic Graduate Trainee recruitment programmes via its flagship Polaris Graduate Intensive Training (PGIT) and Polaris Tech Ignite Training (TechIGNITE), among other talent development initiatives, and collaborative partnerships, the Bank remains committed to supporting the next generation of Nigerian professionals while contributing to national development.

The recognition further reinforces Polaris Bank’s position as a leading socially responsible financial institution dedicated to driving sustainable impact through innovation, strategic partnerships, and people-centered initiatives that empower individuals, businesses, and communities across Nigeria.

Guinness Nigeria CEO Attributes Strong 2026 Start To Operational Efficiency, Localised Decision-making, Others

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Guinness Nigeria CEO Attributes Strong 2026 Start To Operational Efficiency, Localised Decision-making, Others

The Managing Director/CEO of Guinness Nigeria Plc, Girish Sharma has attributed the company’s strong start in 2026 to a blend of operational efficiency, localised decision-making, and expanded market reach – factors he says have fundamentally repositioned the business for sustained growth.

Speaking in an interview with CNBC Africa, Sharma said the results reflect not only financial resilience but the strength of a deliberately re-engineered operating model.

“We grew distribution, we’ve become far more efficient today, and we were able to make our people more agile because we brought decision-making down to Nigeria,” he said. “The past year has been a year of reset, but expecting 144 per cent revenue growth might not be what we should be looking at. However, I don’t see why we’d not be growing by double digits at the very least.”

His comments come as Guinness Nigeria Plc opened 2026 on a notably strong footing, delivering a performance that underscores financial resilience and strategic discipline in a challenging operating environment.

The company reported a 48 per cent year-on-year increase in Profit After Tax to ₦10.39 billion, alongside a 4 per cent rise in revenue to ₦122.77 billion. Earnings per share improved, while net finance costs declined significantly, signalling tighter cost management and improved capital efficiency. In a strong show of confidence, the Board approved an interim dividend of ₦2.00 per share, amounting to approximately ₦4.38 billion in total payout.

The results position Guinness Nigeria among a select group of consumer-facing firms sustaining shareholder returns despite macroeconomic pressures, including inflation and currency volatility. More broadly, the performance reflects disciplined execution, a strengthened balance sheet, and a business increasingly optimised for long-term value creation.

Beyond the topline figures, Sharma emphasised that the company’s performance is rooted in a deliberate strategic reset executed over the past year. According to him, the leadership team developed a structured blueprint anchored on four key pillars.

Also read: https://brandspurng.com/2026/05/10/rite-foods-celebrates-mothers-day-honouring-the-strength-resilience-and-everyday-impact-of-women/

“From a strategy perspective, I spent the first 100 days drawing the blueprint,” he explained. “At the end of it, we actually broke the strategy into four pillars. First was culture; we needed to make people feel more empowered, more than anything else. Second was operational excellence by localising what we do; we wanted to achieve more efficiency with this.”

He added that consumer-centric innovation remains central to the company’s growth ambitions. “Thirdly, we are very obsessed with the consumers, so we had them at the centre of our strategy – we took out a few products and became a lot more innovative in adding some. And finally, is the financial performance.”

Looking beyond the numbers, Sharma pointed to a portfolio strategy increasingly shaped by Nigeria’s cost-of-living realities. While premium brands will continue to receive investment, he noted that future growth is likely to be driven by value-led innovation tailored to pressured consumer wallets, pointing to the recent launch of Orijin Beer in PET format as an early example of how pack sizes and propositions are being reworked to meet shifting demand.

He also mentioned that he sees growth opportunities across several categories over the next two to three years, including ready-to-drink beverages, mainstream spirits, beer, and malt. “Consumer tastes are evolving quickly,” he said, “and our job is to stay close to those shifts and respond with the right products.”

For Guinness Nigeria, the reset year has cleared the pathway to a sharper phase of execution, one focused on translating operational discipline into category leadership and durable consumer relevance.

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