News
Zedcrest Encourages Women to vie for Leadership Roles, Strive for Excellence

As the world marks this year’s International Women’s Day (IWD), women have been urged to strive for excellence and choose to challenge to be at every table where decisions are being made in the workplace, politics, economy and the society at large.

This was the summary of the virtual event held by new-age financial solutions powerhouse, Zedcrest Group, in celebration of International Women’s Day on Monday, 8 March 2021.
Speaking on the theme of this year’s event: “Women in leadership: Achieving an equal future in a COVID-19 world”, the Group Managing Director of Zedcrest, Adedayo Amzat,CFA commended the tremendous efforts of women and girls around the world in shaping a more equal future and recovery from the COVID-19 pandemic and highlighted the gaps that remain.
“Women’s full and effective participation and leadership in all areas of life drive progress for everyone. Women are Heads of States or Governments in 22 countries, while only 24.9 per cent of national parliamentarians are women. At the current rate of progress, gender equality among Heads of Governments will take another 130 years.
“It’s time to change the narrative. The emergence of Dr. Ngozi Okonjo-Iweala as the first woman and first African as the Director-General of the World Trade Organisation (WTO) is a recent reminder of the capacity of Women to lead.”
On the company’s commitment to gender balance in the workplace, Amzat noted that women make up the majority of Zedcrest workforce and also occupy leadership roles across different levels of its subsidiaries. He added that Zedcrest’s early-stage investment vehicle, Ventures@Zedcrest has a special interest in women-led startups.
In her remark, Stella Duru, Partner at Banwo & Ighodalo and Non-Executive Director of the Zedcrest Group, urged women to be more intentional about growth in their career and society.
“Both men and women need to challenge the stereotype of forcing women to choose between being a career woman or a mother. There is nothing holding women back in being both and growing to the zenith of their career. A woman raising kids or being pregnant does not mean that she ceases to be strong or competent.”
“As a nation, we need to give more leadership opportunities to women. During the recent End-SARS protests, women were at the forefront of the call for change. The Aba women riot is another example of how women have led evolutional changes in this country”, she added.
The second guest speaker at the event, Abiola Adekoya, Lead Wealth Advisor, Artios Capital & Non-Executive Director at Zedcrest Investment Managers, charged women to focus on their strengths and continue to change the narrative.
“We need more women that will be bold enough to have the hard conversation at their workplace, society, or wherever they find themselves”, she said.
Adekoya concluded her speech by encouraging women to lean into their femininity and lead with the unique strengths of womanhood.
Celebrated annually on March 8, the theme of this year’s International Women’s Day is #ChooseToChallenge. The theme calls out to the world to celebrate women’s achievements, raise awareness against bias, and take action for equality. It elaborates on how we can all choose to challenge and call out gender bias and inequality.
News
New Horizons Invests N50m to Empower Almajiris with Skills

New Horizons Nigeria has launched a N50 million initiative aimed at transforming 21 Almajiri children into skilled computer technicians within 90 days, to tackle youth unemployment and harness human potential.

The Almajiri-to-Tech programme, officially launched in Abuja on Monday, provides participants with full training, meals, clothing, tools, and logistics support, all fully funded.
Speaking at the launch, the Chief Executive Officer of New Horizons, Tim Akano, said the programme represents a new journey in the history of Nigeria by restoring the original purpose of the Almajiri system, which he described as “children sent out to seek knowledge.”
“The word Almajiri comes from an Arabic term meaning emigrant and seeker of knowledge. Historically, children were sent to learn morals, responsibility, and skills to add value to society,” Akano said.
He added that the disruption of this system during colonial times forced many children onto the streets, a challenge that persists today.
Akano highlighted the urgency of addressing the Almajiri issue, noting that there are an estimated 15 million Almajiris in the country, with a population growth rate of around three per cent annually.
“If we do not solve this problem as a country, we are sitting on a time bomb,” he warned.
According to him, the programme focuses on hands-on technical skills rather than theory. Trainees will learn to repair mobile phones, laptops, televisions, radios, standing fans, and other electronic devices, as well as build inverter batteries using recycled electronic waste.
“We are not teaching theory. We are teaching practical skills you can use to earn a living,” Akano said, stressing that the programme will not interfere with the participants’ Quranic education.
“We are still going to allow you, within the period of learning. Your learning computer here is not stopping your Quranic education.
“You still have time within our space here. Whenever you want to go and pray, you can pray, then come back to class,” the CEO stressed.
He added that participants will also receive daily meals, water, T-shirts identifying them as technicians-in-training, and access to all necessary tools and equipment throughout the 90-day programme.
Akano said the initiative is part of a larger mission by New Horizons Nigeria, which has spent the past 21 years training about 100,000 Nigerians annually in IT and related skills.
He said the new programme aims to “take human genius off the streets and convert it into human capital, enabling these youths to contribute meaningfully to the economy.”
He added that equipping Almajiris with skills could add 15 million people to Nigeria’s workforce and potentially increase the country’s GDP by as much as $20 billion, stressing that productivity depends on practical skills and opportunity.
“Everything that can be taught can be learned. If someone can memorize the Quran cover to cover, there is nothing that cannot be done. What they lack is information, opportunity, and infrastructure, and we are providing all of that,” Akano said.
Akano also stressed that the initiative is designed to inspire other organizations and government agencies to replicate similar programmes across the country.
“This is not just about 21 children; it is about showing Nigeria what is possible when resources meet intention and planning.
“If we succeed in empowering these Almajiris, we demonstrate that the country can turn social challenges into economic opportunities. It’s a blueprint for Nigeria’s future,” he said, noting that the initiative combines social reform, technical education, and economic empowerment.
Also speaking, one of the trainees, Fatima Umar, appreciated the organisers and promised to maximise the opportunity.
“We’ll make you proud of us. We have nothing to say here but to thank and appreciate you. May Almighty Allah continue to guide and protect you,” Umar said.
News
IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF
The January 2026 World Economic Outlook Update forecasts Nigeria’s growth trajectory at 4.1 per cent in 2024, 4.2 per cent in 2025, and 4.4 per cent in 2026—a 0.2 percentage point increase from the October 2025 estimate.
This aligns with sub-Saharan Africa’s projected 4.6 per cent expansion in 2026 and 2027, driven by regional stabilisation efforts.
Globally, the IMF anticipates 3.3 per cent growth amid resilient conditions tempered by trade policy shifts and technology investments. For Nigeria, declining energy prices—expected to fall seven per cent due to weak demand—pose risks, though OPEC+ coordination and China’s stockpiling provide support.
Despite the optimism, downside risks persist from Middle East and Ukraine tensions, protectionism, high debt, and fiscal deficits. The Fund recommends rebuilding fiscal buffers, ensuring central bank independence, and limiting temporary fiscal measures to maintain stability.
Nigeria’s success hinges on consistent reforms and resilience against domestic and global shocks, the IMF concluded.
News
Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November 2025 from 1.496 mbpd in October.

OPEC
The figure, drawn from secondary sources in OPEC’s December 2025 Monthly Oil Market Report, fell short of Nigeria’s 1.5 mbpd quota. Direct communication data showed output at 1.436 mbpd, up from October’s 1.401 mbpd, but still below target.
Nigeria produces around 196,028 bpd of condensate, excluded from quota calculations per Nigerian Upstream Petroleum Regulatory Commission figures. Year-on-year, November’s output marked a slight gain over 1.417 mbpd in November 2024.
Expert Cites Insecurity, Governance Gaps
Petroleum economics expert Wumi Iledare described the quota miss as unsurprising, blaming persistent insecurity, an ageing oil basin lacking new finds, and unoffered hydrocarbon blocks. Governance shortcomings and policy uncertainty further erode investor confidence, he noted.
Selective implementation of the Petroleum Industry Act worsens the situation, with Nigeria needing a single authoritative leader for the sector rather than multiple proxies, Mr Iledare stressed. The country has struggled to consistently hit OPEC targets for years.
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