E-Business
Coca-Cola, WWF Extend Partnership to Deliver on Water Stewardship and Climate Action Targets

Coca-Cola and the World Wildlife Fund (WWF) have renewed their global partnership for three ‘years, effective August 2021.

The work will span all nine of Coca-Cola’s operating units and over 50 of the approximately 100 countries where WWF’s network operates.
The partnership will also build collective action by catalysing the investment of other stakeholders around the world, with the goal of engaging over 200 organizations.
Collaborative activities will consist of developing and implementing a global road map to help deliver on Coca-Cola’s strategies and goals, including its 2030 Water Security Strategy, 2030 World Without Waste goals and 2030 science-based climate target, while catalysing collective investment through connections with other partners, working groups and governments to achieve conservation outcomes.
These successful conservation projects will help inspire peers and new leaders to replicate, build upon and scale ongoing work.
For more than a decade, Coca-Cola and the World Wildlife Fund (WWF) have partnered to help ensure healthy, thriving freshwater basins around the world.
This water stewardship work began in 11 freshwater basins and expanded to programs in 50 countries, including Nigeria.
The groundbreaking partnership, which has become a best practice for corporate and non-profit collaborations, has driven collective action with governments, local communities and other businesses to ensure these basins are protected into the future.
The partnership work extends beyond water to improving environmental performance across Coca-Cola’s supply chain, including reducing emissions and helping the company reimagine how agricultural ingredients are sourced and plastic packaging is recycled. Together, the partners are also helping vulnerable communities build resilience to climate change and water stresses.
Speaking on the renewal, Nwamaka Onyemelukwe, director, Public Affairs, Communications, and Sustainability, Coca-Cola Nigeria, said: “We are delighted to continue what has been an immensely fruitful partnership with WWF.
“Water stewardship has long been a key pillar for Coca-Cola and through this partnership, we have been able to achieve key targets in the past.
“With the current climate and water access situation in Nigeria and across the world, this renewal could not have been timelier.
“We take responsibility for people and the environment within which we operate and with this partnership, we will be scaling up efforts to help these vulnerable communities build resilience to these key stress areas”.
Bea Perez, senior vice president and chief communications, Sustainability and Strategic Partnerships Officer, The Coca-Cola Company, added: “Our partnership with WWF has made meaningful progress in addressing complex issues and challenges in our world, focused primarily on water in our communities.
“I’ve had the opportunity to travel to river basins where we work and see the positive outcomes of this journey for local communities and our business. There is more to be done.
“We believe true change can be achieved with additional partners, support and investment to drive lasting positive changes for our planet.
“WWF works with the private sector to reduce footprints and reach scale in tackling the problems of water scarcity, climate change and loss of nature.
“The past 14 years of our work with The Coca-Cola Company has spanned over 50 countries. We’re proud of the results we’ve achieved”, said Carter Roberts, President and CEO of World Wildlife Fund.
“Since the dual crises of climate change and nature loss loom larger than ever, we’re raising ambition in the next phase of our partnership—to build resilient communities and ecosystems that can meet the challenges ahead. There’s no time to waste”.
The partnership, now extended until 2024, is believed to drive investments in nature that are successful today and are resilient to climate change tomorrow, with the aim to yield conservation and business returns into the future.
E-Business
NITDA DG Reaffirms FG Commitment to Responsible and Inclusive AI

The Federal Government of Nigeria has reaffirmed its commitment to building a responsible, inclusive, and sovereign artificial intelligence ecosystem to enable Nigeria to transition from being a passive consumer of AI technologies to an architect and builder of indigenous AI systems.

This was said by the Director General of the National Information Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi CCIE, while delivering a virtual address at the InnovateAI Conference held in Lagos.
The conference brought together policymakers, technology leaders, innovators, and stakeholders to discuss the future of artificial intelligence and its role in driving Nigeria’s digital economy and national development agenda.
Inuwa outlined Nigeria’s ambition to transition from being a consumer of artificial intelligence technologies to becoming a builder and owner of AI systems that reflect national values and priorities, in line with the National AI Strategy.
“Our goal is not just to use AI, but to architect and build our own AI systems in Nigeria,” he said, stressing that the country must take ownership of its AI future.
He noted that Nigeria’s approach to artificial intelligence extends beyond innovation to include governance, infrastructure, data sovereignty, and policy evolution.
According to him, “Responsible AI is never a finished job; it is an iterative journey. Our policies must evolve as the technology evolves, and we must avoid frozen laws by adopting living policies that adapt over time.”
He cited the implementation of the Digital Economy and E-Governance Bill as a key mechanism for generating insights that will help refine AI regulations and governance frameworks.
Inuwa also highlighted the challenge of data representation in global AI systems, noting that most models are trained on non-African datasets, which often results in bias against local dialects, cultures, and demographics.
“If a model shows bias against a local dialect or demographic, we cannot just patch it. We must reinvest in infrastructure to retrain it with inclusive and representative local datasets,” he stated.
He added that building national AI infrastructure is critical to achieving data sovereignty and ensuring that Nigeria is not merely an end user of foreign AI systems.
He further called for strategic partnerships with global technology companies and hyperscalers to build AI infrastructure in Nigeria while aligning with local values and national priorities.
“The world today is a global village. We need to work with global players, but they must understand our local nuances and help us build the infrastructure to retrain and develop AI models that reflect our context,” he said.
The NITDA Director General explained that adopting a comprehensive AI lifecycle approach, from responsible data collection and governance to deployment and continuous feedback, will enable Nigeria to move from reacting to AI developments to proactively designing indigenous AI systems.
“Without understanding how AI models are trained, how decisions are made, and how models are retrained, it will be difficult to build a responsible and trustworthy AI system,” he warned.
He reaffirmed that the Federal Government is intentional about promoting responsible AI and is working closely with the technology ecosystem to co-design national AI guardrails. He described platforms such as the InnovateAI Conference and other national AI dialogues as critical to shaping Nigeria’s AI future.
E-Business
Mutual Benefits Assurance Settles ₦5.9bn Claims in January 2026

Mutual Benefits Assurance, a leading Nigerian insurance company, has paid a total of ₦5,937,665,353.57 in claims to policyholders in January 2026 alone, underlining its strong financial capacity and unwavering commitment to prompt claims settlement.

Mutual Benefits Assurance
A breakdown of the figures shows that ₦3,426,602,834.28 was paid under its General (Non-Life) Insurance portfolio, while ₦2,511,062,519.29 was paid across its Life businesses, including Group Life and Retail Life policies.
The significant payout within a single month reinforces Mutual Benefits’ reputation as a dependable insurer that honors its obligations swiftly and responsibly.
Commenting on the development, Olufemi Asenuga, Managing Director, Mutual Benefits Assurance Plc stated that claims settlement remains the core promise of insurance and the ultimate test of an insurer’s credibility.
“Insurance is built on trust. Our ability to settle over ₦5.9 billion in claims in one month demonstrates not only our financial strength, but also our deep commitment to our policyholders. At Mutual Benefits, we do not just sell policies. We stand by our promises,” he said.
With over three decades of operations, Mutual Benefits has consistently positioned itself as a strong and well-capitalised insurer.
The company operates both Life and General Insurance businesses and remains fully compliant with regulatory capital requirements as stipulated by the National Insurance Commission (NAICOM).
The January payout reflects Mutual Benefit’s robust underwriting standards, prudent risk management practices and efficient claims administration framework.
It also aligns with the company’s broader record of substantial claims settlement in recent years, reinforcing its standing as a trusted brand in the Nigerian insurance industry.
Mutual Benefits employs over 5,000 staff, managed by seasoned management team and an experienced Board of Directors. Industry observers note that prompt claims payment remains one of the most critical differentiators in Nigeria’s competitive insurance landscape.
By consistently settling valid claims without delay, Mutual Benefits continues to strengthen customer confidence, deepen market trust and expand its footprint across retail and corporate segments.
As the company begins 2026 on a strong footing, it reiterates its commitment to innovation, service excellence and delivering value to policyholders and stakeholders alike. Mutual Benefits Assurance focused on its mission to provide reliable risk protection solutions while maintaining the highest standards of professionalism and integrity.
E-Business
NITDA Warns Nigerians of Actively Exploited Microsoft Office Vulnerability

National Information Technology Development Agency (NITDA) has issued an urgent cybersecurity warning about a serious Microsoft Office vulnerability (CVE-2026-21509) that attackers are actively exploiting.

This advisory, shared through Nigeria’s Computer Emergency Response Team (CERRT.NG), highlights the risks of this flaw and recommends immediate action to protect systems.
Microsoft has released quick security updates to fix this vulnerability, which has a severity score of 7.8, showing it is a serious risk. Attackers have already used it in targeted attacks.
CVE-2026-21509 affects multiple versions of Microsoft Office, including Office 2016, Office 2019, Microsoft 365 Apps, Office 2021, and later versions.
This flaw allows attackers to bypass security features meant to stop harmful Object Linking and Embedding (OLE) controls. OLE is an older Microsoft technology that can be used to embed links or content, but it has often been exploited by malware.
By exploiting this flaw, attackers can create specially designed Office documents.
When a user opens these documents, they can run malicious code or gain further access to the system.
Exploitation requires user interaction, meaning attackers often trick people into opening harmful Word, Excel, or other Office documents. Common methods include using email attachments or files from untrusted sources.
Because Microsoft confirmed that the vulnerability is being actively exploited, they have made emergency security updates available outside their usual schedule. Users and organisations should:
- Install the latest Microsoft Office security updates for all affected versions.
- Restart Office applications for Office 2021 and later to ensure that the updates take effect.
- Use registry-based settings for protection if updates can’t be applied right away.
- Follow good cybersecurity practices, like using endpoint protection and filtering emails.
Microsoft’s updates for Office 2021 and newer versions are automatically applied, but need a restart of the applications to be active.
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