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Don Tasks Surveyors On Recession

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Nigerian surveyors
have been challenged to undertake aggressive research into use of indgeneous technology for survey jobs while eliminating quacks in their ranks through proper registration and monitoring to reduce costs and wastages and help pull Nigeria’s economy out of recession.
The charge is part of a template for getting the nation’s economy out of the woods given by Prof. Ijeoma Kalu in a lecture titled “The Role of Surveyors In A Recessed Economy”, delivered at the end of year Dinner of the Rivers State branch of the Nigerian Institution of Surveyors (NIS) in Port Harcourt last week.
Prof. Kalu said surveyors have a duty to support local sourcing of materials, proper enlightenment of the citizenry on need to employ services of surveyors and the provision of appropriate maps for warfare and for combating crime.
The Guest Lecturer charged surveyors to also reduce fees charged in order to encourage more people to do proper survey and registration of their land while urging them to eliminate corruption and maintain discipline within their profession.
Kalu recommended adequate practical training of surveyors to complement academic qualification, support for land reform policies that ensure secure, safe, affordable and guaranteed access to land for the poor and called on surveyors to perform their duties professionally and within the ethics of the profession to reduce conflicts among clients.
The lecturer explained that a recession occurs when the economy experiences two consecutive quarters of negative growth.
According to him, the National Bureau of Economic Research defines a recession as “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in a real Gross Domestic Product, real income, employment, industrial production and wholesale-retail sales”.
The present recession in Nigeria, Kalu said, is caused by high inflation, interest and multiple taxation rates as well as decline in international oil prices, slow growth of non-oil exports and insecurity.
He also said policy conflict and inconsistencies, government body language, like Buhari saying Nigeria is populated by criminals, ostentatious consumption of the rich and penchant for foreign goods are also contributory factors.
Kalu, a Professor of Economics (Development Studies) at the University of Port Harcourt said surveyors have an important role to play in Nigeria’s recessed economy and enjoined them to use their tools, knowledge and professional responsibility to impact positively not only on their clients but also on the Nigerian current environment.
Earlier in his welcome address, the Chairman of the Nigerian Institution of Surveyors (NIS), Rivers State, Surv. Joseph Wobo Amadi called on the federal, state, local governments and private sector players to engage the services of qualified surveyors for all their projects to achieve meaningful and sustainable development.
The chairman said Nigeria is now at a point “where all mathematical permutations, combinations, adjustment computations, numerical and error analysis have all collapsed as a pack of cards”. He said there is now a pervasive feeling of despair but assured that the surveying profession has an answer.
According to Amadi, surveying deals with precise measurements on the earth surface, water and in space as well as precise determination of the size, shape and gravity of fields of the earth.
The products of these measurements, he said, include geospatial data, plans, maps, charts, gravity fields and their applications in socio-economic and infrastructural development, which according to him, is widely acclaimed all over the world.
Amadi said the impact of surveying is huge on the economy of the world, asserting that the most developed nations of the world are the best mapped.
“Indeed, surveying and mapping are the bedrock of all meaningful and sustainable development”, the NIS chairman said.
Surveying and mapping are also essential for effective management and administration of land resources, just as they are to safety and security in their contributions to economic growth of nations, Amadi said.
According to him, every movement is tied to a location which could be traced by which security challenges could be resolved through surveying.
The Rivers NIS chairman said the end of year dinner party was organised for the relaxation of surveyors’ families, sister professionals, government officials, safety and security agents, friends and well wishers as “all work and no play make Jack a dull boy and all play and no work make Jack a lazy boy”.
Giving account of the stewardship of his executive, Amadi said they have returned peace and unity to the state branch of NIS while making transparency and accountability their watch word.
Other achievements, he enumerated, included publication of rich scientific journals (The Pathfinder) and acquisition of land for Surveyors Estate at Omagwa.
He said the Institution has embarked on the completion of the State NIS Secretariat as well as good welfare package for members and Surveyors Wives Association of Nigeria (SWAN). The Institution in the state, under his watch has also embarked on massive manpower development which included upgrading of different survey cadres and registration by the Surveyors Registration Council of Nigeria (SURCON), Amadi said.
He said the branch successfully fought and won national elections-, Publicity Secretary and Deputy President who is now President-In-Waiting.
In his speech, the Deputy National President of NIS, Surv (Alabo) C.D. Charles who represented the National President of the institution Surv Akinloye Olufemi Oyegbola, said the President was still on his nation-wide tour of the state branches of the institution.
Charles, who is President-In-Waiting, stressed the need for peace to move NIS forward, pointing out that he had contested national elections of the institution two or more times during which the state branch was in turmoil and he lost.
He said that as peace returned to the Rivers State branch, he contested the position of National Deputy President at the Oshogbo Annual General Meeting and won.
The Deputy President promised that whatever issues that remained unresolved by the current president when he leaves office would be resolved during his presidency.
At the well-attended party which took place at The Arena Event Centre in Port Harcourt, NIS, Rivers State branch honoured some heads of security outfits, among other dignitaries, for their contributions to peace and security in the state.
Amadi said the gesture was not only to appreciate their contributions but to promote greater synergy and collaboration between the organisations and Rivers NIS.
Among those honoured with plaques were the Commander, 2 Brigade, Nigerian Army, Commandant, Nigerian Navy Hydrographic School, and the Commissioner of Police, Rivers State who were all represented at the event.
Also honoured with plaques were Emeritus Professor of Surveying and Geodesy, Prof (Alabo) D.M.J Fubara who was represented by his wife Dr Fubara, Deputy National President of NIS Surv (Alabo) C.D. Charles, Past President, Surv L K Asika, Permanent Secretary/Surveyor-General, Rivers State, Surv Noel Elenwo, Surv Igntius O. Ike, Surv L.W. Chukwu who is a former Rivers State NIS Chairman and Guest Lecturer, Prof Ijeoma E. Kalu.
The event also featured cultural dances short speeches by Surveyor-General of Rivers State, Surv Noel Elenwo and Surv L.K. Asika among others and the cutting of the “cake of Thanksgiving to God”.
Prof. John Sika Orupabo of the Rivers State University of Science and Technology and media executives were among dignitaries that graced the event.

 

Donald Mike-Jaja

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NEM Insurance celebrates IWD 2026 with pledge to sustain support for women endeavour

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NEM Insurance Plc – the number one motor insurance provider in Nigeria, in a vibrant commemoration of the 2026 International Women’s Day (IWD), has reaffirmed its dedication to fostering an inclusive environment that empowers women to excel in their endeavours.
Speaking at the corporate headquarters in Lagos, the Chairman of NEM Insurance Plc, Tope Smart, stated that the company remains resolute in its mission to support women affairs, noting that their contributions are vital to the sustainability of the insurance industry.
Aligning with the global theme “Give To Gain,” Smart highlighted that the insurance provider views gender diversity not just as a corporate social responsibility, but as a core driver of innovation and high-level performance.
“Our commitment to female professionals at NEM Insurance is unwavering,” Smart declared. “We recognize that by ‘giving’ women the right tools, mentorship, and leadership platforms, the industry ‘gains’ unparalleled dedication and diverse perspectives that move the needle of progress.”
The multiple award winning underwriting company and one of the top three leading general insurance business companies in Nigeria, has remained focused in promoting and supporting women affairs.
Adding her voice to the celebration, the General Manager, Corporate Services, Mrs. Mojisola Teluwo, emphasized that the company’s gender-focused initiatives, such as the “She Means Business” contest, represent a practical approach to inspiring inclusion.
Mrs. Teluwo maintained that supporting women-led initiatives is a strategic investment in the fabric of society, rather than just a philanthropic gesture.
“At NEM Insurance, we believe that when a woman thrives, a family thrives, and the nation prospers,” Mrs. Teluwo stated. “The ‘She Means Business’ initiative is our way of moving beyond mere applause for women toward active, tangible support. We are proud to provide the financial catalyst needed for visionary women to turn their business aspirations into reality.”
To mark the occasion, the leadership outlined several key pillars of support:
Leadership Development: Targeted training programs to prepare more women for executive-level decision-making.
Inclusive Work Culture: Sustaining a workplace environment that balances professional growth with personal well-being.
Economic Catalyst: Providing grants and professional frameworks to help female entrepreneurs upscale their operations.
The event featured a series of internal sessions where female staff engaged in mentorship dialogues, focusing on career advancement within the evolving landscape of the Nigerian insurance sector and paint and Sip, which provided an opportunity for women to showcase their creativity.
Smart concluded by urging other industry stakeholders to prioritize the development of female talent, asserting that a more inclusive sector is a more prosperous one for all Nigerians.
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Nigeria: Profit-Taking Persists as NGX Dips Marginally by 0.2%

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Trading on the Nigerian Exchange (NGX) closed slightly lower on Wednesday as profit-taking in selected equities continued to weigh on the market, dragging key performance indicators into negative territory.
Market data showed that the benchmark All-Share Index (ASI) declined by 0.09 per cent to close at 195,898.53 points, compared with the previous session’s level, as investors booked profits in some large and mid-cap stocks.
Consequently, market capitalisation shed N107.57 billion, settling at N125.75 trillion. Despite the marginal decline, the market still maintained positive returns, with the month-to-date gain standing at 1.6 per cent, while the year-to-date return moderated to 25.89 per cent.
The downturn was largely driven by losses recorded in stocks such as Presco Plc and UAC of Nigeria Plc, both of which declined by 10 per cent, alongside Dangote Cement Plc, which slipped by 0.6 per cent.
Market breadth closed negative, reflecting bearish investor sentiment, as 40 stocks recorded losses compared with 29 gainers, translating to a market breadth ratio of 0.7 times.
Among the top gainers were NGX Group Plc and Premier Paints Plc, which appreciated by 10 per cent and 9.9 per cent respectively. Other notable gainers included Omatek Ventures Plc, Prestige Assurance Plc and HMC Allied Plc.
On the losers’ chart, Presco Plc and UAC of Nigeria Plc led the decline with 10 per cent losses each, followed by Morison Industries Plc, LivingTrust Mortgage Bank Plc and SCOA Nigeria Plc.
Sectoral performance was mixed, with the Industrial Goods index leading the gainers after advancing by 1.42 per cent, while the Banking index recorded a marginal gain of 0.04 per cent.
Conversely, the Commodities sector topped the laggards, declining by 1.30 per cent. The Insurance index fell by 0.44 per cent, the Consumer Goods index dipped by 0.43 per cent, while the Oil and Gas index edged down by 0.06 per cent.
Activity level on the exchange weakened as investors traded a total of 671.27 million shares valued at N26.13 billion in 58,792 deals.
This represents a decline of 8.61 per cent in volume, 5.18 per cent in value and 9.31 per cent in the number of transactions compared with the previous trading session.
Wema Bank Plc emerged as the most actively traded stock by volume and value, accounting for 106.36 million shares worth N2.75 billion.
Analysts said the cautious mood in the market reflects continued portfolio rebalancing by investors following the strong rally recorded earlier in the year.
They noted that trading may remain mixed in the near term as investors react to corporate earnings releases and macroeconomic development.
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Wema Bank Admits 10 Startups into Hackaholics 2026

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Wema Bank has admitted 10 Nigerian startups into the 2026 edition of its Hackaholics Accelerator Programme as part of efforts to strengthen innovation, entrepreneurship, and sustainable business growth in the country.
The 10 cohort selected startups for the 2026 edition such as; Farmslate, Ploy, Stocmed, Feest , Varsityscape, MamaAlert, Sane, Cyclex, Kieva and Loocomo were drawn from the top performing finalists of Hackaholics 6.0.
The Hackaholics Accelerator, a selective growth programme under the bank’s Hackaholics platform, is designed to help promising startups reinforce their business foundations while preparing them for scalable growth and investment readiness.
Wema Bank said the programme represents a strategic expansion of its support for innovators, moving beyond ideation and competition to hands-on startup development after six years of driving innovation through the Hackaholics initiative.
According to Wema bank, the accelerator provides founders with structured mentorship, industry guidance and access to networks required to transform innovative ideas into viable and scalable businesses.
Speaking at the programme, Managing Director and Chief Executive Officer of Wema Bank, Mr. Moruf Oseni, said the accelerator demonstrates the bank’s commitment to supporting founders beyond the early stages of innovation.
He noted that Hackaholics has evolved from a competition into a platform that showcases Nigeria’s entrepreneurial potential and technological creativity. Where he explain that the second edition of the accelerator focuses on helping founders transition from ideation to building sustainable business capable of long trem projects .
“Over the past six years, Hackaholics has grown into more than a competition; it has become a platform that reveals the depth of innovation and entrepreneurial potential that exists across Nigeria,”Oseni said.
Oseni stressed that the startups selected are representing some of the most promising solutions emerging from the Hackaholics ecosystem, and the back remain committed to helping them refine their business models, strengthen their operational foundations, and scale their impact.
Also speaking at the program , Wema Bank’s Chief Transformation Officer,Mr. Babatunde Mumuni, said the accelerator would guide founders through a structured process aimed at strengthening their operations and positioning them for sustainable growth.
As part of the programme, startups founders will participate in intensive training sessions facilitated by industry experts across key areas of business growth. Facilitators include Wema Bank executives such as Chief Transformation Officer, Babatunde Mumuni; Head of Strategy and Investor Relations, Femi Akinfolarin; Head of Data Transformation, Olamide Jolaoso; and Team Lead, Corporate Social Investment, Oluwatoyin Adetunji. While External facilitators include Managing Director of Impact Hub Lagos, Idowu Akinde; Managing Director of B4B Partners, Napa Onwusa; startup advisor and scout, Onaopemipo Dara; Google for Startups mentor, Rosemond Phil-Othihiwa; Head of Growth at Africhange, Tega Ogigirigi; and startup advisor and mentor, Ademola Adewuyi.
The Hackaholics Accelerator is also supported by Wema Bank’s broader innovation ecosystem, including IDEAx Labs, the bank’s innovation and venture platform, and its corporate venture programme focused on enabling startup growth through partnerships, infrastructure and access to capital.
Since its launch in 2019, Hackaholics has grown into one of Nigeria’s leading youth innovation platforms, attracting more than 15,000 applicants and supporting hundreds of digital solutions across multiple sectors.
Through the initiative, Wema Bank said it has disbursed more than $400,000 in funding to young innovators and startup founders nationwide.
Previous participants such as Feegor, Myitura and Bunce have emerged from earlier editions of the programme, highlighting the accelerator’s focus on nurturing growth-ready companies. Meanwhile the 2026 edition builds on this progress by supporting startups as they transition from innovation to sustainable business growth.
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