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How Robbers Frustrate Petty Traders In PH

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Miss Mercy Attah,
a 19-year-old orphan relocated from Uyo, Akwa Ibom State capital to Obidianso Street in Mile II Diobu, Port Harcourt, to occupy a one-room rented apartment where her father, Mr Joseph Attah, lived and died few months ago. The poor orphan, in search of survival, decided to engage herself on petty trading.
She woke up as early as 5.00am and was heading towards one of the bakeries to buy some bread for sale later in the morning. But as she walked a few poles away from her residence, three fierce-looking young men surrounded her. Two of the youngmen  were wielding shot guns and the third, a matchette. As poor Mercy made to run away from the armed robbers, she was caught. She struggled with them wailing and shouting, hoping that help would come from the neighbourhood, but none came and the thieves dispossessed her of her handset and N3,500 with which she planned to pay for the bread.
According to her, “the robbers were not in a hurry as they merely strolled away from the scene and moved towards the adjacent street”.
“My greatest surprise was that nobody in the neighbourhood showed any concern or interest in coming to my rescue. This could not have happened in Uyo where I lived and schooled for years”, said the poor orphan.
Miss Attah’s case is even better compared to some other experiences narrated by one of the sympathizers who came out after an hour. “There was even a recent incidence in the same area” said an elderly woman who sells ‘Akamu’ within the neighbourhood.
“Two young girls were also going to buy bread. These bread hawkers were held up by the rascal thieves two weeks ago. The robbers did not only snatch their money, but they also raped them and left them with their torn dresses,” said the elderly woman who pleaded anonymity apparently for her safety.
This ugly drama has become rampant in the densely populated Diobu axis of Port Harcourt, the Rivers State capital.
Almost on daily basis, petty traders and ‘bush market’ women whose trades demand that they leave their homes early in the morning to enable they sell to their customers who need the bread for their families’ breakfast or the bush market women who must leave early to the hinterlands where they buy their stocks pass through this dangerous situations.
In the process of carrying out their petty trading business majority are dispossessed of their hard-earned money while the more unfortunate ones get raped by the street robbers who even inflict injuries on them.
The activities of these street robbers is fast scarring a lot of the traders.
“As a result of this, if you need to go to buy your bread or supply goods early morning to your customers in the Mile I or Mile III markets, you have to wait till say from six O’clock or much later, so also those who wake up early to go to the bush markets”, advised one of the petty traders.
This underscores the need for a return of the spirit of being one’s neighbours’ keeper. Men living in the streets can mobilize and come for the rescue of such victims especially when they hear them crying helplessly instead of feeling unconcerned.
The law enforcement agents, especially the police, could step up their patrol strategies especially early in the morning when such incidents normally take place.
Moreso, as the security agencies move to reduce the alleged high volume of arms in the wrong hands, it is recommendable that the law enforcement agencies could resort to house-to-house search especially in areas where these suspected youths reside, like Diobu.
A good number of the young boys and girls involved in petty trading may have got some level of education but owing to the high unemployment rate in the country, they have little or no option than to engage in petty trading for survival.
While the government initiate some empowerment programmes, petty trading should as well be encouraged since it is legitimate and one major way of encouraging them is by making the environment safe for their operations.
The consequence of not giving proper attention to the poor petty traders could mean forcing them into armed robbery, prostitution and other anti-social activities.
It is true that provision of employment opportunities for the youths could reduce armed robbery and its attendant consequences.  But experience has shown that while government cannot provide for all in the society, most of the youths that have chosen robbery are themselves not employable.
This dangerous trend demands more proactive measures from the law enforcement agents and the only way to succeed in this bid is to involve the people who live within and have good understanding of how the street robbers operate.
Flushing the street robbers would not only boost petty businesses but would make the environment more secured for the people especially as the nation prepares  for the forthcoming general elections where past experiences have shown that armed youths work against free and fair elections in the country.
Past experience has also shown that armed robbers hid their guns inside abandoned vehicles in the streets. Consequent upon this revelation, there is the need for the government to ensure that a lot of abandoned vehicles on the streets in Diobu be evacuated by their owners.

 
Chris Oluoh

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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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