News
YES Mobile Partners AXAMansard on Free Insurance on Phones & Computers

Yes Mobile; an innovative mobile phone retain chain in partnership with AXAMansard Insurance Plc, has launched an insurance scheme on all phones and computers bought by its customers.
Speaking during a press conference to announce the gesture, Mr Foluso Ogunwale, chief executive officer of Yes Mobile said that partnership with AXAMansard insurance is one of the innovative ways the Yes Mobile tends to transform the Nigerian phone retail market through consumer satisfaction.
Ogunwale explained with excitement that its customers are now able to enjoy insurance cover not only on the damaged screens of their mobile phones which is sometimes as high as 50% of the original cost of the phone; but also provides insurance cover for phones damaged by liquid intrusion.
“This offering is the first of its kind in the Nigerian Mobile Phone Retail Space. In its commitment to make this innovative service common; Yes Mobile is offering complimentary Free Insurance on devices bought.
“It is about giving value to customers. Mobile phones retail market in Nigeria has changed in the last five years. Before now, it was about just selling phones to buyers, but Yes Mobile’s innovations are geared towards redefining the whole structure by value addition.
“Without value, there will be no market for us. We have the brainpower to develop exciting products and services. We forecast that factors that will drive customer loyalty in the phone retails market shall be based on the amount of satisfaction they derive”, he said.
According to the Yes Mobile CEO, they are providing improved spread payment plan for customers to purchase phones and make payment within a period of six months.
This initiative is being executed in conjunction with a 3rd party partner firm – Page MFB.
The spread payment plan offered by Yes Mobile promises to be fast in processing time and tailored to be convenient for customers.
“With these offerings,” Mr Ogunwale explained, “Yes Mobile is driven by its conviction that customers deserve more value for money”.
He further explained that with Smart Phone penetration of just 30% in Nigeria, Yes Mobile is committed to delivering more smart phones to customers through excellent customer experience; and innovative services added to the sales of its gadgets.
The CEO further while promising stakeholders more innovative services to be rolled out by next quarter said, “These initiatives will transform the mobile phone retail space significantly”.
Also speaking, Akinmaderin Osofisan, head of Channels Management Group, AXA Mansard Insurance PLC., said that AXA Mansard Insurance as a member of the AXA Group, remains worldwide leader in insurance and asset management.
He said that the group is a conglomerate of independently run businesses, operated according to the laws and regulations of many different countries. Despite being written in upper case, “AXA” is not an acronym, the name was chosen because it is short and can be pronounced easily the same way in every language.
Osofisan said that AXAMansard cued into the Yes Mobile initiative in line with it vision “to be the leading African financial services provider, delivering superior solutions to our customers while exceeding stakeholders’ expectations”.
He added that with innovative, excellent, consistent value creation for stakeholders, insurance will become a solid sector that will boost the nation’s economy.
Also involved in the initiative is Page MF Bank, as one of the leading Retail Financial institutions located in Lagos.
Page creates a dynamic avenue to deliver unique and customer focused services through our savings, deposit and loan products accessible at our various Virtual Banking Channels.
To this end, Remi Ogunsipe, chief operating officer of Page MF Bank, said that with its exceptional use of technology, the microfinance bank has built a platform that offers convenient banking and allow income earners to enjoy benefits which Yes Mobile provides.
“We are able to meet your needs either in terms of good returns on investments, saving towards a particular goal or a quick personal loan. Our Customers are able to initiate and complete transactions on our Online banking portal providing convenience every step of the way.
“Page is committed to this course and we are assuring Yes Mobile customers (who meet up with the requirements) that they will get seamless self-help Retail Banking experiences, because we value their time invested and finances as we support them every time they turn to Page,” he said.
News
Lagos Govt Drags Top Firms to Court Over Billion-Naira Tax Debts

Lagos State has dragged 45 individuals and firms, including Bi-Courtney Aviation, DAAR Communications and Leaders & Company, to revenue court for tax debts running into billions of naira.

Lagos Govt
Bi-Courtney, operators of Murtala Muhammed Airport Terminal Two, faces N38.7 million claim; DAAR, behind Africa Independent Television, owes N22.4 million; ThisDay publishers Leaders & Company allegedly skip N67.1 million.
GMT Energy Resources tops corporates at N145.8 million, followed by Sheriff Deputies at N132.1 million; others like Heyden Petroleum, AA Rescue, BRT operator Primero also listed.
Individuals owe N13.5 million to N35 million each.
Attorney-General Lawal Pedro said suits followed ignored notices, aiming to enforce laws and fund infrastructure.
More defendants: IENG Nigeria, James Fisher, V Care Diagnostics, Venture Garden, Saro Africa, Barry Callebaut, Native Media, First Consulting, Eyowo Payments.
Compliant taxpayers post-notice escaped prosecution; defaulters risk penalties, interest, jail.
Pedro urged prompt filings and payments.
News
Beware of Fake Cerelac Products – NAFDAC

National Agency for Food and Drug Administration and Control (NAFDAC) has alerted Nigerians on counterfeit and unregistered Cerelac Mixed Fruits and Wheat products being sold in Lagos.

NAFDAC said Nestle Nigeria, the genuine Marketing Authorisation Holder of the product, received a complaint of suspected counterfeit purportedly manufactured by Nestlé Spain, bearing Batch Code 308002910.
It said that Nestle Nigeria reported that the complainant described that the counterfeit product emitted an odour suggestive of possible contact with fuel.
NAFDAC said that preliminary review of the product by Nestle Nigeria indicated that it had expired, in spite of the container displaying an expiry date of 10-2026, which suggested that the date coding had been tampered with (revalidated).
Nestle Cerelac Mixed Fruits and Wheat is a nutritious infant cereal, designed to be a delicious first food for infants.
NAFDAC said that its post-marketing surveillance’s directorate officers in Lagos conducted a surveillance visit to Maxland Shopping Centre, 193 Ago Palace, Okota, where the product was purchased by the complainant.
It added that the suspected counterfeit and unregistered Cerelac were found on sale at the premises and subsequently mopped up, while Nestle assisted in identifying the distinguishing features between registered and unregistered product.
According to the regulatory agency, Nestle revealed that the unregistered product used a hyphen (-) to separate the day from the year, while the registered product used a slash (/) to separate the day from the year.
“It is important to note that Nestle Nigeria is not aware of the channels through which the products are supplied into the country.
“Healthcare professionals and consumers are advised to report any suspicion of the sale of substandard and falsified regulated products to the nearest NAFDAC office, call 0800-162-3322, or send an email to [email protected],” NAFDAC said.
The agency warned that counterfeit formula often lacked essential nutrients, vitamins and minerals, leading to stunted growth or developmental issues.
It said that such formula might also contain contaminants that might lead to severe health consequences to infants or even death.
NAFDAC reiterated its commitment to safeguarding public health adding that it would continue surveillance activities to ensure the quality, safety, and efficacy of all NAFDAC-regulated products circulating in Nigeria.
It said that all zonal directors of the agency and state coordinators had been directed to carry out surveillance and mop up the revalidated product, if found within the zones and states.
The agency urged distributors, retailers, healthcare professionals, and caregivers to exercise caution and vigilance within the supply chain, to avoid the distribution, sale, and use of fake products.
News
NITDA Strengthens Collaboration with NIPSS to Drive Digital Innovation, Orange Economy Growth

The National Information Technology Development Agency (NITDA) has reinforced its commitment to advancing Nigeria’s digital transformation agenda through strengthened collaboration with key strategic institutions, as it hosted the Director General of the National Institute for Policy and Strategic Studies (NIPSS), Professor Ayo Omotayo, alongside participants of the Senior Executive Course (SEC) 48, 2026.

The visit, which builds on an earlier strategic study tour, provided a platform for in-depth engagement on the role of digital innovation in driving sustainable economic growth, with particular focus on the Orange Economy.
Representing the Director General of NITDA, Kashifu Inuwa CCIE, the Director of Stakeholder Management and Partnerships, Dr Aristotle Onumo, highlighted the Agency’s commitment to fostering a vibrant digital ecosystem through inclusive policies, strategic partnerships, and capacity development initiatives.
“NITDA is committed to creating an enabling environment where innovation can thrive by bringing together government, private sector, academia, and creatives to drive Nigeria’s digital economy,” he stated.
Inuwa underscored the growing importance of the Orange Economy, describing it as a critical driver of innovation and economic value through intellectual property. He identified sectors such as digital content creation, film, animation, and digital art as key contributors to national development.
“The Orange Economy represents a powerful opportunity to transform our rich cultural heritage and creativity into sustainable economic growth,” he noted.
He further highlighted Nigeria’s unique advantage, particularly its youthful and creative population, while calling for stronger collaboration among stakeholders to fully harness the sector’s potential.
“With our youthful population and rich cultural assets, Nigeria is well-positioned to become a global leader in the Orange Economy if we deepen collaboration and investment across the ecosystem,” he added.
During the engagement, NITDA also presented its strategic initiatives aimed at supporting the digital and creative sectors, including digital infrastructure development, promotion of digital literacy, and implementation of policies that enable startups and innovators to scale.
Addressing challenges facing the sector, Inuwa pointed to issues such as limited access to funding, infrastructure gaps, weak intellectual property protection, and ecosystem fragmentation, while emphasising the need for coordinated action.
“Addressing challenges such as funding gaps, infrastructure deficits, and intellectual property protection is critical to unlocking the full potential of Nigeria’s creative economy,” he said.
The Agency reiterated its target of achieving 70 per cent digital literacy by 2027, noting that ongoing programmes are equipping millions of Nigerians with essential digital skills, including those in underserved and informal sectors.
In his remark, Professor Omotayo described the visit as an important opportunity to deepen understanding of how digital technologies are reshaping economic sectors, particularly the creative industry. He noted that the insights gathered would contribute significantly to policy recommendations aimed at strengthening Nigeria’s economic framework.
Participants of the SEC 48 programme engaged actively during the session, raising questions on capacity development, access to tools, and frameworks for protecting digital content. NITDA highlighted its ongoing collaborations with industry stakeholders to provide training, innovation hubs, and access to digital tools for young Nigerians.
The engagement concluded with a renewed commitment from both NITDA and NIPSS to strengthen collaboration in research, policy development, and capacity building, aimed at positioning Nigeria as a globally competitive force in the digital and creative economy.
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