General News
Sanwo-Olu, Others Grace Launch of 50-Bed Hospital in Surulere by Avon Medical
Avon Medical, a subsidiary of Heirs Holdings has officially launched an ultramodern hospital facility in Surulere, Lagos.
L-R: Emmanuel Nnorom – Group CEO, Heirs Holdings; Dr. Kemi Ogunyemi, Special Adviser on Health to the Lagos State Governor; Tony O. Elumelu, CFR, Group Chairman, Heirs Holdings; Dr. Awele Elumelu, Chairperson, Avon Medical Practice; H.E. Babajide Sanwo-Olu, Executive Governor, Lagos State; Prof. Wasiu Adeyemo, CMD, LUTH & Representative of the Minister for Health; Dr. Akinbiyi Oke, CEO, Avon Medical; Professor Emmanuel Akinola Abayomi, Honorable Commissioner for Health, Lagos State; Chidi Okpala, Group Executive Director, Heirs Holdings; at the launch of the Avon Medical ultramodern facility in Lagos on April 14, 2025.
At the historic event, Babajide Sanwo-Olu, governor, Lagos state, who inaugurated the 50-bed, fully equipped facility, said that Avon Medical has put its name in the sand of time in this industry.
The opening ceremony was attended by top government officials, healthcare professionals, and industry stakeholders.
Also present at the event were Group Chairman of Heirs Holdings, Mr. Tony Elumelu, Lagos State Commissioner of Health, Prof. Akin Abayomi; Minister of Health, Prof. Muhammad Ali Pate represented by the Chief Medical Director of LUTH, Prof. Wasiu Lanre Adeyemo.
The new hospital features comprehensive diagnostic services, obstetrics and gynecology (O&G), pediatrics, and neonatal care, and is designed to serve the growing healthcare needs of Lagos residents.
Speaking at the commissioning, Governor Sanwo-Olu praised Avon Medical for its long-standing commitment to improving healthcare delivery in Nigeria.
Sanwo-Olu said: “This is more than just a hospital. It’s a bold statement of what private sector collaboration can do in transforming our healthcare landscape. For one facility to offer full diagnostics, O&G, pediatric, and neonatal care, it shows the level of intentional investment and vision behind Avon Medical.”
The Governor further commended Dr. Awele Elumelu, Chairperson, Avon Medical and co-founder of the Tony Elumelu Foundation, for her dedication to building sustainable healthcare institutions.
He said: “Dr. Awele Elumelu chose not to be comfortable in her success, but instead to invest in something meaningful something that impacts lives directly.”
“The health sector requires long-term commitment rather than short-term returns. Healthcare is not a sector where profits come quickly. It takes vision, compassion, and a strong sense of purpose.”
“We are building the largest pediatric hospital and the largest mental health facility in Sub-Saharan Africa. Health is wealth, and we’re backing that statement with action and funding. 8–10% of Lagos State’s annual budget is allocated to the health sector.”
Also speaking, Dr. Elumelu, AVON Medical Chairperson said they from the beginning resolved to focus on the problems which include overburdened public hospitals, lack of modern equipment, medical professionals being stretched to their limits, too many people frustrated as they simply couldn’t get medical help in time.
“We could not look away, so we decided to do something about it,” she said.
“That single decision to step in gave birth to Avon Medical and our health insurance company, Avon HMO.
“The first, to provide excellent healthcare services, and the other to ensure that people could actually afford them.
“That combination was deliberate. It was our way of ensuring we were not only building facilities, but we were also creating access to them.”
She said the initiative them from the humble beginnings of operating just a work-site clinic at a single location had grown into a 50-bed hospital network, including a Dialysis Centre, and several worksite clinics.
She said why the decision they took then matter could be seen from the staggering facts about our healthcare system on the Africa continent which has over 20% of the global disease burden yet has access to only 1% of healthcare resources; approximately 48% of Africans lack access to the quality healthcare they need; Only about 3% of global health workers serve our continent; In Nigeria alone, the gap in the number of available and qualified doctors, beds, and equipment reflects a system under pressure; The African healthcare system is the hardest hit by the migration crisis.
She said the challenges were not just mere numbers, but real people, real stories, real lives.
“And far too often, they represent women and children. Which is why this facility matters,” she said.
With the medical facility, she said more women will now receive the maternal care they need to safely bring life into the world.
“It means more children will get timely diagnoses, life-saving treatments, and a better shot at long, healthier lives,” she said.
“ It means more families will have access to quality and affordable healthcare services that they deserve.
“This is what we are building: a healthcare system that leaves no one behind.”
Describing the project as a reflection of “our philosophy—Africapitalism, she said, “The belief that the private sector has a major role to play in our continent’s development.
“The belief that we have a responsibility, not just to generate profit but most importantly, to create a lasting impact, to do well and do good.”
She also made it clear that to solve problems, to improve lives that will transform Africa would not end with the new project.
“ This achievement is not the end. It is only a springboard. Our vision has always been bold: to create a network of health solutions that are not only accessible and affordable, but also world-class,” she said.
This Valentine’s Day, PalmPay is celebrating love in all its forms with the launch of #LoveWithPalmPay, a campaign highlighting how simple, everyday shared money moments can bring relationships closer.
Valentine’s Day is more than grand gestures; it’s built on the small, meaningful actions that shape relationships, sending timely support, saving together, or managing shared responsibilities. PalmPay encourages users to share 30–60 second real-life stories, either solo or duet style, showing how PalmPay always works and has helped them support or stay connected with someone they love.
The campaign runs from February 9th to 21st across Facebook, Instagram, X (formerly Twitter), and TikTok. Four winners will receive ₦100,000 each week for two weeks, totalling a prize pool of ₦800,000.
Entries can take many forms, including couple videos, solo stories, split-screen duets for long-distance couples, or voiceover narratives with photos or clips, making the campaign inclusive for married couples, parents, and long-term partners.
How to Participate:
- Share an authentic love story about your partner
- Clearly show PalmPay in action (transfers, savings, or other in-app activities)
- Be creative and emotionally engaging
- Post between February 9th – 21st with the hashtag #LoveWithPalmPay
- Share on any of PalmPay’s social media platforms
“Love evolves, and so do relationships,” said Olorunfemi Hanson, Head of Marketing and Communication, PalmPay. “From dating to parenthood, the small money moments we share every day play a big role in keeping us connected. With #LoveWithPalmPay, we want to celebrate those stories and show how PalmPay always works, making everyday love simpler, reliable, and meaningful.”
This Valentine’s Day, PalmPay celebrates love as it truly is real, intentional, and built on shared moments.
PalmPay is a leading digital banking platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.
PalmPay offers a comprehensive range of products, including mobile payments, savings, and micro-insurance via its app and mobile money agent network.
Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users and processes up to 15 million transactions daily. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh. For more information, visit www.palmpay.com
Central Bank of Nigeria (CBN)and the Nigerian Communications Commission (NCC) have proposed that customers must receive refunds within 30 seconds for failed airtime and data purchases to curb persistent billing complaints in the telecommunications sector.
This was indicated in the Exposure Draft of the Joint CBN–NCC Framework for Resolution of Failed Airtime and Data Purchase Transactions, which was published on the website of the CBN on Monday.
The landmark exposure draft, dated 5 February 2026, seeks to “institutionalise clear accountability” and establish a “coordinated approach to consumer redress” across the financial and telecommunications sectors.
The most significant shift in the proposed framework is the introduction of standardised, automated timelines for resolving failed transactions.
Currently, Nigerians often face long delays when airtime purchases fail at the bank, aggregator, or Mobile Network Operator level.
To solve this, the regulators have proposed a 30-second window for automated reversals. Section 6.0 (ii) of the draft exposure, which dwelt on failed transactions, especially as it relates to unfulfilled airtime/data delivery, proposes a time to refund the purchaser of 30 seconds “if the transaction failed at the bank level… Failed transaction delivery from NCC Authorised Licensees… Failed transaction delivery from MNO to the NCC Authorised Licensee.”
The draft emphasised that stakeholders must “automate reversal processes across all stakeholders” to ensure that refunds require no human intervention from the customer.
The draft exposure also stated that “all parties involved in airtime and data transactions shall take the following actions to ease usage and facilitate consumer satisfaction: a. Stakeholders must immediately connect ONLY to relevant authorised licensees of the NCC and CBN. b. MNOs and banks must only connect to NCC Authorised Licensees/MNO digital channel partners for airtime and data vending… Notifications of failure create final settlement obligations between MNO and NCC-authorised licensees… The NCC and CBN will audit stakeholder compliance jointly or individually at quarterly or other intervals as may be determined.”
From a business and oversight perspective, the regulators are proposing a Central Monitoring Dashboard to be hosted jointly by the CBN and NCC, which will track reversals, Service Level Agreement breaches, and customer complaints in real-time.
“There shall be a Central Monitoring Dashboard hosted by CBN/NCC for tracking reversals, SLA breaches, and customer complaints. This will facilitate the establishment of a real-time national ‘Failed Transactions Dashboard’ with a uniform error code with end-to-end visibility across the value chain’, read the draft exposure.
This is designed to eliminate the “unclear ownership of liability” that often occurs when banks and telcos blame each other for failed recharges. To support this, banks and MNOs will be required to maintain and share daily reports of successful and failed cases.
The proposed framework also addresses the common problem of “lost” money when customers recharge ported phone numbers. The draft mandates that MNOs must validate a phone number against the ported number database before processing any recharge. If the system identifies a number as ported out or invalid, it must “proactively stop recharges” and send a failure code back to the bank to ensure the customer is not debited.
For erroneous recharges sent to the wrong person, the framework sets clear protocols: below N20,000, MNOs will request the recipient’s consent before a reversal, and when it is above N20,000, an affidavit of indemnity or notarised letter is required to process the recovery.
The CBN and NCC in the exposure draft signalled they will take a firm stance on compliance. Both agencies will conduct joint quarterly audits of all stakeholders, including banks, payment service providers, and MNOs, to verify compliance with the new rules. The regulators have warned they will “impose penalties for any breach” of the framework’s provisions.
Banks and other financial institutions have until 10 February 2026 to submit their inputs on the draft before it is finalised. Once implemented, the framework is expected to significantly restore “subscriber trust” in Nigeria’s digital financial ecosystem.
Federal government has unveiled a new digital platform to connect millions of women to finance, skills training, and market opportunities, in what officials call the country’s largest technology-driven women’s inclusion initiative to date.
The Happy Woman App Platform, which was unveiled at the Presidential Villa in Abuja, would serve as a single interface for women to access funding facilities, business development support, governmental initiatives, and critical services.
The digital drive comes as Nigeria grapples with expanding gender gaps in financial access, with women much less likely than males to maintain bank accounts or obtain formal credit, limiting their capacity to grow informal enterprises they primarily run.
Yet women remain central to the economy, accounting for a large share of micro and small enterprises that contribute nearly half of the country’s GDP.
According to the Social Institutions and Gender Index, only about 35 percent of Nigerian women have a bank account at a financial institution, compared with 55 percent of men, underscoring the depth of persistent financial exclusion and the urgency of targeted interventions.
The launch coincided with the expansion of the Nigeria for Women Programme, which the administration now plans to scale nationwide to reach 25 million women.
President Bola Tinubu, represented by vice president Kashim Shettima, said the scale-up is central to Nigeria’s economic growth strategy.
“A nation that relegates its women is a nation bound for implosion,” he said, adding that women must be placed “at the centre of national planning and productivity.”
The expanded programme builds on a pilot phase in six states that reached over one million women, many organised into Women Affinity Groups to access grants, savings schemes and livelihood support.
The government says the new app will streamline beneficiary registration, payments and training, reducing leakages and improving delivery.
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