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Dr Aina Tasks FinTechs on Corporate Governance

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Dr Segun Aina, founding President of the Africa Fintech Network (AFN), and Board Chairman, FintechNGR has urged financial technology service providers in the country to embrace and pay a lot of attention to good and well-established corporate governance practices as they expand to new markets beyond the country and continent.

Speaking to journalists on the sidelines of the 42nd Annual General Meeting of Odu’a Investment Company Limited held in Lagos recently, he said: “We have issues about lack of acceptable corporate governance in startup businesses who are largely small businesses without the desired structures when starting, but over time they will grow and require sound corporate governance practices to scale.

“This is why stakeholders in the industry including the organizations I belong to are now focusing and putting a lot of emphasis on corporate governance.

“The first set of Fintechs are now becoming big institutions. As they move into new markets the demand and need for acceptable, compliant and tested governance structures and practices becomes very imperative.

“That is desirable for the next stage of growth in the Fintech space, and with that in place, Nigeria Fintechs can operate without regulatory hiccups and compete anywhere in the world”.

Dr Aina who is the immediate past chairman of Odu’a Investment Co Ltd who together with other Board members and management rejuvenated the company of companies and set it on the path of sustainable growth and profitability urged regulators and the government to formulate policies that are friendly towards advancing innovation in the country.

“Innovation related to creating non-existing solutions, these are things that were not in existence before and there is no way the government or regulators would have regulated what does not exist. Therefore, when it comes to existence, they will have to come up with how to regulate those innovative outcomes in a way to ensure in most cases the public interest.

“This may create encumbrances for some startup founders and entrepreneurs who were not in breach of any rules on commencement but now have to follow new guidelines and policies put in place to regulate their activities and operations.

“What is important is that policies have to be business friendly and must recognize that there is a need to innovate and the process ought to carry along all the stakeholders.  Regulatory policies should not stifle innovation but be seen as supportive of and advancing creativity. The good news is that things are changing now for the better with the financial services regulators, especially in the fintech space, he added.

Dr Aina expressed his belief in bequeathing Nigerian youths with digital skills to solve unemployment and create many new businesses that provide solutions to societal challenges.

This is why he founded Opolo Global Innovation Ltd, an organization that has with the support of BoI established Innovation Hubs in ten University campuses in the six geopolitical zones of Nigeria as one of the platforms to emplace skilling, innovation and enterprise among students and researchers. Also during his tenure as Odua Investment Board Chairman, the company created the South-West Innovation and Technology Company Ltd (SWIT).

He said, “Today, the emphasis is on technology, as we have a large youth population in Nigeria, many of them with University degrees but without the needed skills to enter today’s workplace, hence most of the graduates in the past few years remain unemployed.

“So, we have to provide them with those skills, create the system that encourages them to become entrepreneurs and job creators, provide them with the seed capital, the funding needed to enable them to set up their own business so that a lot of them that are involved in other negative things will be able to focus on positive things that develop the society. Nigerian youths are very, very intelligent, they just need to be supported.

“It is against this backdrop that Odua Investment Co Ltd set up South West Innovation and Technology Co Ltd (SWIT), as a new subsidiary to be the driver of the changes that we want in the innovation and digital space, in solving problems, in doing new things and improving on the ways existing things are done.

“If things go the way it is envisioned, I’m sure in the next five years that company will have produced a lot of new enterprises who will be challenging global players, creating exciting solutions and products. That’s why we added the word innovation-doing new things that will solve the way we are going in our strategy”.

 


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Microsoft Revamps Copilot in Workplace AI Push

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Microsoft has rolled out a new set of features for its Microsoft 365 Copilot platform, including tools for complex, multi-step work and deeper research tasks, as competition in workplace artificial intelligence (AI) intensifies.

The update introduces Copilot Cowork, a capability aimed at handling long-running tasks across Microsoft 365 applications.

The feature is being made available through the company’s Frontier programme, which typically gives early access to experimental tools.

Microsoft is also integrating technology linked to Claude – an AI model developed by Anthropic –into Copilot, signalling a broader shift toward using multiple AI systems within a single product rather than relying on a single model.

Jared Spataro, chief marketing officer for AI at Work at Microsoft, says the company is positioning Copilot as a system embedded directly into workplace software, rather than a standalone tool.

“Microsoft 365 Copilot is your AI for work,” he says, adding that it draws on multiple AI models and is integrated into existing workflows.

Alongside this, Microsoft has upgraded its Researcher feature, which is designed to analyse information from multiple sources and generate structured reports.

A new “Critique” function separates the drafting and review process between different AI models – one generates an initial response, while another evaluates and refines it.

The company says this approach improves output quality, with Researcher showing gains on its internal benchmark for accuracy, completeness and objectivity.

Another addition, called Model Council, allows users to compare outputs from different AI models side-by-side, highlighting differences in responses and reasoning.

The updates form part of what Microsoft calls “Wave 3” of Copilot, as it pushes to embed generative AI deeper into enterprise software. The move reflects a wider industry trend towards combining models from multiple providers, including OpenAI and Anthropic, to improve performance and reliability.

 


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Dangote Refinery Debunks Speculations on IPO

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Dangote Petroleum Refinery and Petrochemicals (DPRP) has debunked recent circulation of unauthorised information regarding a potential Initial Public Offering (IPO).

Dangote Refinery Debunks Speculations on IPO

In a statement, DPRP noted that several online platforms and unofficial sources have published unverified, and in some instances inaccurate, information relating to a potential offering.

“Such reports do not originate from DPRP and should be treated with caution. All official updates regarding any potential transaction will be communicated strictly through DPRP’s formal public disclosures and announcements issued by its appointed advisers, in line with applicable laws and regulatory requirements.

“Accordingly, the public, investors, and all market participants are strongly advised to disregard speculative commentary and rely solely on verified information formally issued by DPRP or its authorised representatives,” the statement said.

The firm assured stakeholders that, when appropriate, comprehensive, and accurate details regarding any proposed transaction will be made available through official channels, including regulatory filings, authorised press releases, and coordinated communications by the Enterprise and its appointed advisers.


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Descasio Launches “Give to Gain” Leadership Insights Report, Hosts Executive Brunch for Women in Leadership

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In celebration of International Women’s Day, Descasio hosted an intimate executive brunch bringing together distinguished women leaders from its customer community for a thoughtful conversation on leadership, partnership, and shared growth.

Centered around the 2026 International Women’s Day theme, “Give to Gain,” the gathering created space for accomplished women in enterprise leadership to reflect on mentorship, collaboration, and investing in people as key drivers of sustainable growth.

Held in Lagos, the event convened leaders from organizations including Honeywell Group Limited, Finchglow Travels, NGCOM, and Eroton Exploration & Production Company.

Guests were personally welcomed at the start of the gathering by Mr. Dele Nedd, CEO of Descasio; who greeted each of the women leaders and expressed his appreciation for their presence before leaving the session to allow the women lead the conversation among themselves.

The gesture reflected Descasio’s leadership culture; one where women are not only recognized, but actively supported and empowered. It also underscored the company’s belief that meaningful progress in leadership requires partnership and allyship across the organization.

Rather than a traditional panel discussion, the brunch was designed as a candid and reflective exchange among peers navigating leadership in complex industries. Throughout the conversation, participants shared perspectives shaped by experience, responsibility, and the realities of leading teams and organizations.

A recurring theme in the discussion was the role of execution and accountability in leadership. For many organizations, strategy alone is not enough; consistent delivery is what ultimately builds credibility and trust.

Reflecting on this, Josephine Adebola, Data Compliance & Process Automation Manager at Finchglow Travels, emphasized the importance of reliability in leadership and the discipline required to translate vision into results. “Get it done on time and in full.

The conversation also explored the role of curiosity and continuous learning in shaping effective leaders. In rapidly evolving industries, the ability to ask questions, remain open to new perspectives, and keep learning is often what enables leaders to grow alongside their organizations.

Sharing her perspective, Tomi Otudeko, Chief Operating Officer at Honeywell Group Limited, reflected on how curiosity has shaped her leadership journey.

“Asking questions and continuously learning have always stood me in good stead as a leader.”

She also spoke about the importance of leading with empathy and understanding the people behind the roles within organizations.

“Everyone has multiple dimensions to who they are. Leadership has taught me to see people in their totality. That awareness doesn’t make a leader weak; it makes them more effective.”

Another important theme that emerged from the conversation was authenticity in leadership. In an environment where leaders often face pressure to conform to traditional expectations, remaining true to one’s identity while continuing to evolve is essential.

For Helen James-Eziashi, General Manager at NGCOM, authenticity and curiosity remain key guiding principles. “Be yourself, keep learning, and stay curious.”

The discussion also highlighted the role of self-awareness in sustaining leadership journeys, particularly in complex and high-responsibility environments. Understanding one’s values, motivations, and support systems often becomes the anchor that allows leaders to navigate uncertainty with confidence.

Reflecting on this, Ifeanyi Onyejekwe, IT Manager at Eroton, emphasized the importance of knowing what grounds a leader.

“Know who you are and understand what supports and sustains your leadership journey.”

According to Descasio, the event reflects its broader commitment to building strong partnerships and fostering meaningful leadership conversations across its enterprise customer community.

“For us, this was about more than marking International Women’s Day,” said Umama David-Ogebe, The HR Manager at Descasio. “It was about creating a space where leaders could learn from one another and reflect on the kind of leadership that builds strong organizations. The most meaningful partnerships grow from conversations like these.”

To extend the impact of the discussion, Descasio has published “The Give to Gain Leadership Report: Insights from Women Leading Enterprise Organizations,” a curated publication capturing key reflections and leadership lessons shared during the session.

The report highlights themes including:

  • The role of curiosity and continuous learning in leadership
    • Building stronger teams through empathy and accountability
    • The importance of authenticity and self-awareness in navigating leadership journeys
    • How investing in people drives stronger partnerships and resilient organizations

The Give to Gain Leadership Report is now available for download Here.


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