General News
Afren Leads the Way in Responsible Management Education
University of Exeter Business School has announced its continued relationship with Afren Plc, following the success of the Afren One Planet MBA Scholarship in 2012.
Afren has therefore committed to funding an annual scholarship on the One Planet MBA for the next five years.
Unique to Exeter, the One Planet MBA is a joint venture between the University of Exeter Business School and WWF International, the world’s largest environmental organisation.
The innovative programme aims to produce future business leaders and decision makers with hard-edged business skills rooted in a “one planet” mind set, which recognises that we live on a resource-constrained planet. At its core is the principle of “sustainability”.
Already, the One Planet MBA has been recognised for its distinctive approach to sustainability by the Aspen Institute’s ‘Beyond Grey Pinstripes’ ranking (2nd in the UK, 9th in Europe, 47th in the world) and by winning a ‘Green Gown Award’.
Galib Virani, director at Afren East Africa Exploration, said: “the Afren One Planet MBA Scholarship Programme is part of our commitment to support the development of managerial talent in the countries in which we operate, as well as encouraging a sustainable business framework and promoting awareness of the environmental challenges and potential solutions to energy exploration and production around the world. “
Afren is a leading energy company – listed on London’s Main Market, and a constituent of the FTSE 250 – with a diversified portfolio of production, development and exploration assets in 12 countries.
Maintaining strong relationships with indigenous companies and suppliers are top Afren priorities, as are ambitious Corporate Social Responsibility and ethical policies that ensure significant resources re-enter local economies. Together, these unique factors have contributed to Afren’s strong positioning in the exploration and production sector.
Malcolm Kirkup, director of MBA programmes at Exeter, said: “Afren’s forward-thinking approach should be admired by the industry – it is training the future business leaders of Africa to consider how to resolve the potential conflicts of corporate success and the need to manage environmental resources responsibly. We are delighted that Afren has committed to a long-term relationship as this is the best way to ensure that we can make a beneficial impact on the countries our students come from.”
The first Afren One Planet MBA scholar is Karen Adu from Nigeria. She is currently working with Afren on her consultancy project, exploring how the business can engage even more effectively with local communities. She said: “The One Planet MBA at Exeter has opened up even more opportunities than I expected. Everything about it drives you to change – your perceptions, the way you think and the actions you consider. I feel that I’m learning so much – and in just one year! It was my dream to study abroad, and Afren’s financial support has given my dream wings.”
The scholarships cover the full One Planet MBA tuition fee, as well as a contribution towards accommodation and living expenses.
Eligible candidates will need to meet the full entry requirements for the One Planet MBA; have a background or demonstrable interest in the oil and gas sector; and be a resident of one of the following countries/regions: Cote D’Ivoire, Ghana, Iraqi Kurdistan, Kenya, Madagascar, Nigeria, Seychelles, Tanzania.
General News
NIHSA Warns States of Possible Flood within Seven Days

Nigeria Hydrological Service Agency (NIHSA) has warned of possible floods in parts of Adamawa, Bauchi, Edo, Imo, Enugu, Akwa Ibom, Cross River, Kaduna, Plateau, Niger, Benue, and Borno states within the next seven days.

According to information posted on NIHSA X handle, the Agency announced medium flood advisory in force for the next 7 days across Adamawa, Bauchi, and 11 other States.
“Localised inundation is forecast along the main channel; named communities below sit on the projected footprint. Stations: Saminara on the Karam river, Waya Dam Site on the Waya river, Amber on the Amber river.
“Adamawa; Lemsa, Lamurde, Numan Exposure: 147 comm. 49 schis 40 hith 6 mkts17 relig. Bauchi-Bauchi, Ningi, Shira. Exposure: 4 comm. Kaduna; Chikun, Giwa, Igabi, Jaba, Jema’a, Kachia, Kaura, Kauru, +6 more. Exposure: 1 comm.
“Borno-Gubio, Mobbar. Exposure: 680 comm. 8 schls 6 hith 5 mkts 21 relig. Edo-Akoko-Ed, EtsakoEa, EtsakoWe, Ikpoba-Okha, Orhionmw, OviaNort, OviaSo.. Exposure: 3 comm.
“Imo-Aboh-Mba, Oguta, Ohaji/Eg, Okigwe, Owerri North, Owerri West. Exposure: 3 comm. 7 more states affected and severity LGAs”.
NIHSA advised people in the affected areas to “do NOT cross flooded roads, bridges, or fast-moving water on foot or by vehicle.
“Clear drainage channels and river-mouth blockages; avoid building or living in the floodplain and move people, livestock and valuables from the floodplain to pre-identified higher ground,” NIHSA stated.
General News
First Trustees Advocates Estate Planning as an Essential Tool in Every Wealth Creation Strategy

First Trustees Limited, a subsidiary of FirstHoldCo Plc., and a leading provider of fiduciary and trusteeship services in Nigeria, is encouraging individuals, professionals, entrepreneurs, and investors to view Estate Planning not as an end-of-life exercise, but as a strategic investment tool for protecting, preserving, and transferring wealth across generations.

As more Nigerians focus on wealth creation through businesses, real estate investments, and other income-generating assets, experts are emphasizing that building wealth is only one part of the equation.
Equally important is creating structures that ensure those assets remain protected, properly managed, and seamlessly transferred to succeeding generations in accordance with the asset owner’s wishes. Importantly, Estate Planning is not solely for the wealthy, it is a prudent step for anyone with assets, dependants, or a business to protect, regardless of age, profession, or net worth.
Speaking on the importance of Estate Planning, Ereifemi Akeredolu, Managing Director/CEO, First Trustees Limited, noted that Estate Planning should be considered a core pillar of every long-term financial strategy.
“Many people focus on creating wealth but give litle thought to preserving it. Estate Planning is a wealth protection strategy that helps individuals safeguard their assets, secure their family’s future, and ensure that the value they build today continues to benefit future generations.”
Using tools such as Trusts, Wills, and advanced succession plans, individuals can build structures that support wealth preservation, business continuity, asset protection, and intergenerational wealth transfer.
For entrepreneurs and business owners, Estate Planning serves as a powerful tool for ensuring business sustainability, helping organizations remain stable and operational regardless of unforeseen circumstances.
First Trustees continues to emphasize and educate on the importance of Estate Planning as a comprehensive strategy for proactive planning. It remains one of the most important financial decisions an individual can make: it provides clarity, minimizes uncertainty, and protects assets from unnecessary erosion and disputes. It also creates financial security for loved ones, supports business succession and continuity, and facilitates long-term investment and legacy planning.
General News
Nearpays, Nigerian Fintech Becomes First African Startup to Win UN’s AI for Good Innovation Factory

Nearpays, Nigerian fintech, has won the AI for Good Innovation Factory grand finale — the first African startup ever to take the global title in the competition, which runs as part of the United Nations’ AI for Good Global Summit.

The competition drew more than 500 startups worldwide, each pitching AI solutions aimed at social and economic challenges.
The summit itself is organised by the UN through the International Telecommunication Union (ITU) in partnership with several UN agencies, convening governments, researchers, startups, and technology companies around AI’s role in development.
Nearpays’ route to the title ran through Johannesburg, where it won the African regional competition, before advancing to the global finals in Geneva.
There, the company progressed through the semi-finals and claimed the grand finale — a first for the continent.
The company describes the win as bigger than a corporate milestone, calling it a victory for African innovation and proof that technology built to solve local problems can compete, and win, on the world stage.
Nearpays was founded to close a stubborn gap in African payments: small and medium-sized businesses that can’t afford or access traditional point-of-sale terminals.
Cost, availability, and deployment hurdles have kept many merchants — particularly in rural and underserved communities — locked out of digital payments.
Its answer is SoftPOS: an AI-powered platform that turns compatible Android smartphones into payment acceptance devices, letting merchants take contactless card payments with nothing more than their phones. AI is embedded across the platform, supporting payment processing, compliance, fraud detection, and business operations.
Crucially, the platform was built for African infrastructure realities — it works both online and offline, so merchants can keep accepting payments even without internet connectivity.
The company credited its team’s years of product development and customer engagement for the result, and thanked the UN, the ITU, and the AI for Good initiative for building a platform where innovators can apply AI to real-world problems.
It also said it hopes the win encourages more African founders to build technology that answers local needs while competing internationally.
For Nearpays, the title closes one chapter and opens another, as the company pushes on with expanding digital financial infrastructure across Afric
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