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Land Transportation: Operators Call For Regulatory Agency

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Players in the transport
sector in the South East have called for an agency to regulate road transport as a measure to reduce the carnage on the roads.
Many of the stakeholders in the South-East, told newsmen yesterday  that they were dismayed by the lack of regulations to check entry and exit in the road transport industry as obtained in the other transport sectors.
A cross section of the stakeholders who responded to a survey in Umuahia, expressed the need for the establishment of such an agency to regulate the activities of commercial transport operators in the country.
A commercial bus driver, Mr Augustine Eziyi, said that such an agency would help to regulate the activities of the various transport unions and ensure sanity in the sector.
Eziyi blamed reckless driving, driving under the influence of alcohol, touting on major roads and streets of Umuahia and Aba, among other challenges in the sector, on the absence of control over the operators.
“If there is an agency specifically in charge of land transportation in the country, drivers will be decent and disciplined in their operations,’’ he said.
He also attributed the problem bedeviling the sector to the lack of good education among the drivers, saying that the level of illiteracy was high among the commercial drivers.
Similarly, a senior staff member of the Federal Road Safety Commission (FRSC), who spoke to our source on the condition of anonymity, said that the commission was in a good stead to regulate the operations in the land transport sector.
He, however, expressed regret that the commission was hamstrung by the lack of funds to carry out its statutory functions, saying that it could effectively control the consumption of alcohol by drivers while on the wheel, if the resources were available.
In Awka, the Chief Executive Officer of GUO Transport Company, Chief Godwin Okeke, urged the Federal Government to convene a stakeholders’ meeting to sanitise the road transport business.
Okeke said that the road transport sector needed a regulatory body like the air and water sectors.
“A situation where all who have money just come in, buy vehicles and employ unqualified drivers has contributed to the increasing number of accidents being recorded on the high ways.
“This situation has created chaos in the sector. What the Federal Government should do is to bring everybody together in the transport industry in a conference or workshop to make suggestions on how best to sanitise the road transport sector,” Okeke said.
The transporter argued that by so doing, good policies on road transport would be formulated to accommodate the different groups and systems of operation in the country.
He suggested that the government could also boost the road transport sector by improving on the security on the roads, providing easy access to loans and ensuring good roads.
He said that if government tackled the three areas, the transport sector would further give a boost to the employment of youths.
A driver with the ‘God is Good Motors’ in Awka, Mr Tony Okafor, also said that the establishment of a regulatory body would make the road transport business more attractive and reduce touting.
“Anyone who wants to run a transport system will be guided on the required standard for the country, starting from the calibre of drivers, conductors and attendants to employ,” he said.
On his part,  the Executive Secretary of ‘Arrive Alive Road Safety Initiative (AARSI)’, an NGO, Mr Ike Okonkwo, urged the government to implement all the road safety rules and regulations, to check the carnage.
Okonkwo decried the current rate of road accidents in the country, saying that advanced countries had reduced road accident to the barest minimum.
“I still wonder why we cannot replicate same here in the country with all the agencies we have on the roads.
“There is a need for the enforcement of the rules, to ensure that everybody complies with them.
Also commenting, Mr Ben Osaka, the Coordinator of the FRSC Special Marshals and Partners in Onitsha, underscored the need for more enlightenment of drivers’ unions, to check the intake of drugs and stimulants among their members.
Osaka also observed that some of the vehicles plying the roads were unserviceable and should be kept out of the roads.
“There is a need for enlightenment, especially for drivers of articulated vehicles, which the FRSC had already started.
“There should also be a ban on the sale of stimulants and alcohol, on the roads and in motor parks.
“The issue of speed limiters in vehicles must be implemented while sloppy areas of any road should have speed breakers and danger signs,’’ he said.
In Abakaliki, the stakeholders called for the establishment of an effective land transport policy to correct the numerous anomalies bedeviling the sector.
They remarked that the numerous challenges which included the carnage on the roads, poor conditions of the roads, and traffic congestion, among others could be prevented with an endearing land transport policy.
Chief Ike Ifediba, the former Chairman of the National Union of Road Transport Workers (NURTW), Ebonyi branch, noted that such policy would reduce the carnage.
“Road accidents account for many deaths in Nigeria; an effective road transport policy with appropriate punishments for defaulters, will ensure that motorists obey traffic regulations.
“Incidents such as the recent fuel tanker explosions in the country could have been prevented with such policies, as adequate regulations on all forms of road transportation would ensure sanity on the roads,” he said.
A staff member of the FRSC in Ebonyi who also spoke on the condition of anonymity, noted that such a policy would ensure the adoption of road transport regulations as obtained in developed countries.
“In these countries, there are stipulated periods for articulated vehicles and smaller vehicles to ply the roads which ensure sanity on the roads.
“Such policy, if in existence, would have prevented the fuel tanker carnage in Onitsha and other parts of the country which claimed many lives in broad daylight,” he said.
Mrs Patience Okpo, a commuter, noted that such a policy would ensure that the roads were well maintained to reduce the carnage and check traffic congestion.
“The policy will stipulate adequate regulations which will ensure that the government at all levels provide adequate infrastructure for the people while the commuters will stop acts such as littering and soil mining, among others, which destroy the roads,” she said.

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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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