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Shettima Assures Fraternal Bond Between Executive, Legislature

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Vice President Kashim Shettima has assured Nigerians of continued fraternal bond between the executive and the legislative arms of government.
Shettima gave the assurance when he declared open a two-day retreat for the leadership of the 10th National Assembly (NASS) in Ikot Ekpene, Akwa Ibom last Friday.
The vice president said that President Bola Tinubu remains committed to safeguarding Nigeria’s democracy.
Shettima also assured the leadership of the National Assembly of Tinubu’s avowed commitment to entrenching democratic ideals and values through collaborative partnership with all arms of government.
He said the unrivalled democratic credentials of Tinubu, which include legislative experience, would continue to rub off on his governance style.
This, he said especially as it borders on respect of the rule of law, adherence to separation of powers as well as deference for constitutional rights.
Shettima described the composition of the Federal Government as well as the leadership of the National Assembly as historical, unique and a major pathway to Nigeria’s unprecedented development.
This, he said, was more so that the expectations of Nigerians would be met regardless of the present challenges.
“For the first time in our history, all the elected heads of our branches of government are produced by the hallowed halls of the National Assembly.
“For the first time in our history, the heart of the executive branch of our government is serviced by the alumni of the National Assembly.
“Both the Chief of Staff and the Deputy Chief of Staff to the President are proud alumni of the National Assembly. The Secretary to the Federal Government is one of us.
“We cannot, therefore, afford to go to war. Not because we are going to overlook each other’s transgressions, but because you are going to engage with those who know the gravity of your work and would never take you for granted.”
He said given the composition of the National Assembly, it has become emphatic that ranks are closed in the bid to give unprecedented service delivery and democratic pact to the Nigerian people.
“There’s no place in this country where you can find a fraternal bond as enduring as the ones that bind the members of the National Assembly.
“From converging on Abuja to water the dreams, debate the needs, and mitigate the fears of this diverse nation, we have forged friendships that defy the stereotypes of our differences.
“Term after term, election after election, old and new members return and exit, but the burden of managing a diverse nation has ensured that we cannot afford to tread the path of divisions.”
He further reiterated the need for national cohesion, saying it has become non-negotiable if the country’s potential must be fully harnessed and tapped for prosperity and generality of all Nigerians.
“You have a President and a Vice President who are one of you and recognise the sacrifices you make.
“President Tinubu has, with utter certainty, reassured us that we are not in government to go to war with the National Assembly. We are here to collaborate and march towards shared values.
“Governance is a collective responsibility, not a personal endeavour. Our most significant achievements were attained through cooperation and harmony.
“This is what we seek from you because we are brothers and sisters in pursuit of a country that serves all of us.
Shettima described the NASS as a complete spectrum of human experience.
“This is where you will witness eloquent testimonies of your colleagues in defence of reason.
“This is where you will witness profound debates that will dismantle your age-long assumptions. But, in the end, you will realise we are all bound by our fidelity to the ideals of democracy.”
Earlier, President of the Senate, Sen. Godswill Akpabio, said that the retreat was the beginning of the rejuvenation and a time of reflection and deliberate planning that would determine the direction of legislative efforts.
“We have a huge responsibility as the National Assembly leaders, as the guardians of democracy, it is our responsibility to set the legislative agenda, make sure that our venerable institution runs smoothly.
“Our neighbours are watching us, and they turn to us for leadership and action. We therefore have a chance to establish a strong future direction during this retreat, which is more than just a gathering of leaders.”
Also, the Director-General of the National Institute for Legislative and Democratic Studies, Prof. Abubakar Sulaiman, thanked Tinubu for his continued support and deepened respect for legislative independence and harmony.
He said the institute remained committed to working with the 10th NASS in improving legislative governance.
Notable guests at the event include Gov. Umo Eno of Akwa Ibom, former Senate Presidents Ayim Pius Ayim, David Mark, Ken Nnamani and Ahmed Lawan.
Others were the Head of Mission, Embassy of the Republic of Germany, Mr Johnnes Lehne and all Principal leaders of the National Assembly.

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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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