News
ACT Foundation Leads Discussions On Partnership Among NGOs
The sustainability of Social Enterprise Sector in Nigeria, depends largely, on partnership among the Non Governmental Organisations (NGOs), said speakers during Aspire Coronation Trust (ACT) Foundation maiden breakfast dialogue on Friday in Lagos.
Mr Aigboje Aig-Imoukhuede, the chairman of Coronation Capital Mauritius Ltd., and the keynote speaker at the session called on the NGOs to strive to change the world positively.
Aig-Imoukhuede who spoke on the on the theme ”Connecting The Dots: Partnerships That Work”, said that there must be measurable impacts of the change brought forward by the organisations, as it would attract investors.
He said that NGOs were social enterprises are organisations or individuals who want to make an impact on humanity.
“Social enterprises want to do good. Some may call it charity, some may call it not for profit, but the common trend among them is that they want to do good. There is need to stimulate people’s ability to do good,” Aig-Imoukhuede said, adding that the size of giving in the United States was two per cent of the annual GDP.
According to him, in order words, in 2015, the Americans give well over $300 billion dollars to charitable organisations for the purpose of doing good.
He said that two per cent of GDP in Nigeria on an annual basis was over $10 billion. Aig-Imoukhuede called on government and well meaning Nigerians to support the NGOs, towards adding value to the society.
On his part, Mr Tunde Folawiyo, the Chairman of ACT Foundation, said that the NGOs in the country are focused on almost the same missions and targets hence the call for improved collaboration among them to impact the society better.
He said that partnership was the bedrock for greater support and sustainability in the third sector. According to him, what is most important is the value the NGOs get from working in affiliations.
“Partnership is a collaborative relationship between entities working towards a shared goal, through a mutually agreed work plan. Aspire Coronation Trust Foundation seeks to create partnership amongst the public, private and social sectors.
“Through partnerships, we, the non-profit organisations are invariably inviting influential players to buy into our dreams and vision, thereby making our goals more achievable.
“We all know the popular adage; united we stand, divided we fall, this is also applicable in the third sector. We need to connect, build and strengthen our relationship with players in the public and private sector,” he said.
Folawiyo said that as the NGOs connect the dots with players in the public, private and social sectors, they were creating a partnership which would avail them various opportunities.
He said that such opportunities included funding, support, capacity building, favourable policies that will out-live founders of the organisations.
According to him, the opportunities will help to achieve unified success, which is what the country and the world need.
“As an organisation that is passionate about creating positive social impact in our world, we realised that the change must first come from us, who work in this noble field, as well as our partners.
“ACT Foundation is a grantmaking non-profits organisation, established to support local, national and regional non-profit organisations working to address challenges and associated vulnerabilities in the African continent.
“Health intervention is at the heart of our foundation’s work, as we focus on malaria, cancer (breast, cervical and prostrate), in addition to maternal and and child health, with special focus on infants and young child feeding.
“We pay keen attention to the sustainability of our environment and this is visible through our environmental focus, which we implement through campaigning for proper waste management,” he said.
The chairman said that the high level of unemployment in the continent propelled ACT Foundation to prioritise entrepreneurship, especially in the areas of vocational education and skill acquisition.
He said that the entrepreneurship focus had provided individuals with hands-on expertise.
Folawiyo said that the foundation also drove the need for financial literacy and inclusion and leadership.
Also speaking, Ms Osayi Alile, the chief executive officer of ACT Foundation, said that there was the need for the NGOs to come together to discuss issues in the third sector.
Alile said the discuss would profer solutions on ways to handle the issues. “This is just the beginning of the conversations. We want to ensure that the sector prosper the way it should be,” she said.
Africa Prudential Plc has reaffirmed its commitment to sustainable growth and digital transformation after posting another strong half-year financial performance, driven by robust growth in its core registrar business, technology-driven solutions and increased activity in Nigeria’s capital market.
Speaking during the company’s H1 2026 Investor Call on Tuesday, the management outlined plans to deepen revenue diversification and accelerate innovation as part of efforts to reduce reliance on interest income and strengthen long-term profitability.
The company reported gross earnings of ₦4.28 billion for the first half of 2026, representing a 27 per cent increase from ₦3.34 billion recorded in the corresponding period of 2025.
Profit before tax rose by 22 per cent to ₦2.41 billion, while profit after tax climbed 18 per cent to ₦1.59 billion.
Net operating income also increased by 27 per cent to ₦4.21 billion, while total assets grew by 13 per cent to ₦46.53 billion. Shareholders’ funds similarly rose by 13 per cent to ₦12.52 billion.
According to the company, the impressive performance was driven by sustained growth in its registrar business, increased corporate actions across the Nigerian capital market, stronger treasury earnings supported by the prevailing interest rate environment and rising adoption of its technology-enabled products and services.African Mineral Wealth
Managing Director and Chief Executive Officer, Dr. Catherine Nwosu, said Africa Prudential is steadily evolving from a traditional share registrar into a diversified technology and business solutions provider serving the broader capital market ecosystem.
Addressing concerns from investors about the sustainability of earnings if interest rates decline, Nwosu said the company was deliberately expanding its non-interest income sources.
“Interest rates influence our treasury income positively, but that is why we are deliberately diversifying our revenue streams. Our strategy is to grow recurring fee-based business lines such as our digital solutions, Know Your Customer (KYC) services, AGM technology, probate services and the SabiVest mobile app. Over time, this will reduce our reliance on interest income and create a more balanced and resilient earnings mix,” she said.
She noted that increasing activity in the Nigerian capital market presents fresh opportunities for technology-driven solutions.
“With capital market activity nearly doubling over the past year, demand for seamless digital investor experiences, improved market efficiency and stronger compliance standards continues to grow. We are investing in technology-enabled solutions that position us to capitalise on these opportunities while delivering sustainable value to our shareholders,” she added.
Looking ahead, the company identified five strategic priorities for the second half of 2026, including driving sustainable growth through its core registrar business and new revenue streams, accelerating technology-led product innovation, strengthening brand leadership, investing in talent development and reinforcing corporate governance.
The investor call attracted institutional investors, shareholders, analysts, regulators and other capital market stakeholders, reflecting strong interest in Africa Prudential’s earnings outlook, revenue diversification strategy and long-term growth plans.
News
IHS Nigeria Donates Business-Support Equipment to Empower People with Disabilities in Abuja Community
Communications infrastructure company, IHS Nigeria, has donated business support equipment to empower people with disabilities within the Karonmajiji community in the Federal Capital Territory, Abuja. This is part of the company’s commitment to drive inclusive community development and sustainable livelihood support under its Project Empower initiative.
The equipment was distributed to beneficiaries during a ceremony held in the community on Monday, July 27. The initiative was conceived following a community needs assessment and is designed to empower active traders by providing them with business tools rather than cash grants, thereby strengthening their businesses and ensuring long-term economic impact and accountability.
Speaking at the event, Director, Sustainability, IHS Nigeria, Titilope Oguntuga, described the initiative as a reflection of the company’s commitment to advancing inclusive development by equipping persons with disabilities with the tools and opportunities needed to build resilient livelihoods.
She explained that rather than providing short-term financial assistance, IHS Nigeria adopted an asset-based approach by donating 50 pieces of business support equipment, including sewing machines, freezers, generators and hairdressing kits, to the selected beneficiaries.
According to her, the intervention is designed to create lasting value by supporting entrepreneurship, promoting self-reliance and strengthening household incomes, while contributing to the achievement of the United Nations Sustainable Development Goals, particularly SDG 1 (No Poverty), SDG 8 (Decent Work and Economic Growth) and SDG 10 (Reduced Inequalities).
In his opening remarks, the Chief of the Karonmajiji Disabled Community, Alhaji Sulaiman Muhammed Katsina, represented by the Secretary of the Community, Alhaji Mohammed Dantani commended IHS Nigeria for its commitment to empowering persons with disabilities through practical and sustainable interventions.
He described the initiative as a demonstration of genuine partnership with the community and expressed appreciation for the company’s continued engagement with the Association, noting that the donation of the equipment was a significant investment in improving the livelihoods of persons with disabilities and would create meaningful economic opportunities for the beneficiaries and their families.
The event brought together traditional rulers, government representatives, leaders and members of the Karonmajiji Disabled Community Association, implementing partners, including Field of Skills and Dreams Vocational Technical and Entrepreneurship (FSD VTE) Training Institute and other community stakeholders, reaffirming a shared commitment to promoting inclusion and sustainable community development.
Project Empower reinforces IHS Nigeria’s commitment to advancing sustainable development through strategic partnerships that promote economic inclusion, strengthen community resilience and create opportunities for underserved communities.
The Chartered Institute of Bankers (CIBN) and the Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) have enjoined banks to further deepen and prioritize financial inclusion, women’s empowerment and sustained growth through strategic mandates and frameworks, aimed at closing the financial gap and empowering more small, and medium enterprise (MSME) owners.
Both organisations made this call during a courtesy visit to the newly invested 24th President and Chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN), Dr. Dele Alabi, Ph.D, FCIB, as part of plans to congratulate him on his investiture as well as seek a stronger alliance between both bodies.
The visit followed Alabi’s investiture where he unveiled his “IMPACT” Vision, themed “Consolidating Our Local Impact, Enhancing Our Global Relevance.”
The vision rests on six pillars: Inclusion across geographic, gender, and generational lines; Membership growth and quality; Professionalism and ethics; Accountability; Competencies and skills development; Technology, automation, and innovation. Other areas of shared interest, include women empowerment, financial inclusion and literacy, as well as MSME clinics, all of which are top on his agenda.
Alabi explained that under him, the institute will be prioritising financial inclusion and women empowerment, because of its realisation that women are often the primary financial managers and caregivers in families. Access to savings, micro-credit, and insurance acts as a safety net during crisis and allows them to significantly improve living conditions.
He added that CIBN would be happy to drive joint knowledge sharing and exchange sessions with CBN and ACAMB across various platforms. “Educating the public through public awareness programmes, with ACAMB as the rallying point, is central to what we do,” he noted.
ACAMB President, Jide Sipe, who led the delegation, spoke in unison with the CIBN president, as he noted that, closing the inbalances in financial access help economies grow faster, reduces inequality, and encourages greater civic participation by all.
EFCC Arraigns 4 over Alleged $5.3m Fraud Scheme
CBN Orders N19Bn Refunds to Customers as Complaints Rise
Access Bank Debunks Shutdown Report, Vows Action against Perpetrators
Oye, AERE Raises Alarm as 8m MSMEs Collapse in 18 Months
Kaspersky Uncovers Cyber Threats Defining the First Half of 2026 in Nigeria, Others
NRC, Ponzi Scheme Collapses Resulting Loss of Billions of Naira
EFCC Busts NIS Visa Overstay Racket, Uncovers N700m in an Account
From Scarcity to Scale: What Africa Can Learn from India’s Agricultural Transformation
Tokenization, Blockchain Technology will Transform Financial Institutions – IMF
BON Establishes Six Ad Hoc Committees to Modernize Broadcasting
Telecom2 days agoFact-Check: Elon Musk’s “Tesla Pi Phone” is Internet Rumor
E-Financial2 days agoMalpass, Ex World Bank Chief Raises Alarm over Nigeria’s Secretive Debt Structures
Telecom2 days agoHow and Why Apps Deplete Data – ALTON
News2 days agoCIBN, ACAMB Push for Financial Inclusion, Women Empowerment
E-Financial2 days agoS&P Global Acquires Agusto & Co. to Strengthen Credit Ratings Across Africa
Telecom2 days agoGalaxy Backbone Soft Launches Government Service Portal to Simplify Access to Public Services
E-Business2 days agoNDPC Directs DCPMIs to Register with Agency or Face Legal Consequences
Broadcasting2 days agoAfrica Prudential Posts N1.59bn Profit in H1 2026, Reaffirms Digital Growth Strategy