BY NKECHI NAECHE-ESEZOBOR—-The African Export-Import Bank (Afreximbank) has disclosed that it successfully raised over $800 million in international capital markets in 2025, despite earlier concerns flagged by global credit rating agencies.
In a statement released on Thursday detailing its 2025 financial performance, the bank said the funds were mobilised through Samurai bonds issued in Japan and Panda bonds issued in China, underscoring its diversified funding strategy across key global debt markets.
Afreximbank noted that the transactions reflect strong investor demand and reaffirm its access to cross-border debt capital markets, even amid heightened scrutiny from rating institutions.
According to the bank, the successful issuances demonstrate its funding resilience, credit market credibility, and sustained investor confidence, despite prevailing macroeconomic and rating pressures.
“Contrary to concerns raised by some rating agencies during the year, the Bank accessed international bond markets by successfully raising over $800 million from Japan and China through Samurai and Panda bond issuances in 2025,” the statement said.
It added that the transactions highlight the institution’s robust balance sheet structure and strong market positioning as a pan-African multilateral development finance institution.
Afreximbank further emphasized that the capital raise reinforces its mandate to support trade finance, liquidity provision, and economic development across Africa, while strengthening its long-term funding base and financial sustainability.
BY NKECHI NAECHE-ESEZOBOR—In a time when confidence in insurance is steadily growing, a satisfied customer of Mutual Benefits Assurance Plc is sharing his experience to encourage more Nigerians to embrace the value of protection and peace of mind.
Mr. Abdelhamid Abdelrahman of RAP Building Solutions Ltd recently applauded the company for its swift claims settlement and attentive customer service, describing his journey as clear evidence that insurance truly works when managed by a dependable provider.
Abdelrahman explained that his decision to insure his vehicles with the company was influenced by its strong reputation and visible presence within his business environment in Lagos. Easy access to one of its offices also gave him added confidence, allowing for seamless interaction and support whenever needed. Four years on, he remains a loyal customer.
He said: “I had my doubts at some point, thinking that because they are one of the oldest insurance companies, perhaps their service might not be as efficient. But when I had a vehicle claim in 2023, it was processed in no time.”
He added that subsequent claims involving other vehicles in his fleet were handled just as efficiently, further strengthening his confidence in the company.
“Since then, I have felt that whenever I have a vehicle, I will always subscribe to their packages and services. Mutual Benefits may be one of the oldest, but they are still one of the most responsive insurance companies in Nigeria.Their response to customers’ questions and feedback is very fast. I have no regrets partnering with them,” he stated.
Abdelrahman also used the opportunity to encourage Nigerians who remain sceptical about insurance to reconsider their views.
“Many people believe insurance does not work in Nigeria, but it does. When the time comes to make a claim and it is handled smoothly, then you know insurance truly works,” he said.
Industry experts have repeatedly noted that prompt claims settlement remains one of the strongest indicators of trust and credibility in the insurance sector. According to analysts, customers are more likely to retain policies, renew coverage and recommend insurers when claims are paid quickly and transparently.
They explain that efficient claims management not only provides financial relief during difficult times but also helps improve public perception of insurance as a dependable financial safety net. In markets where scepticism exists, real customer experiences and timely claims payments often play a critical role in driving adoption.
Mutual Benefits Assurance Plc has consistently positioned prompt claims settlement as a core part of its customer promise, with billions of naira paid out monthly across life and general insurance categories.
As economic uncertainties continue to heighten the need for financial protection, stakeholders say insurers that deliver swift and seamless claims experiences are likely to enjoy stronger customer loyalty and wider market acceptance.
BY SUNDAY SAMUEL—Nasarawa State Police Command attached to Karshi Divisional Headquarters have arrested one Pastor Asonye Isaiah, 37, of Rock of Love and Adoration Ground, Old Karsh I, Abuja, for allegedly defiling a 16-year-old girl in Nasarawa State.
According to statement released by SP Ramhan Nansel, Police Public Relations Officer, via the commands official X account that the arrest followed a complaint lodged at the Division on 18th April, 2026, at about 2000hrs.
Preliminary investigation revealed that the suspect deceived the victim’s aunt, claiming her niece was “
possessed” and required cleansing at a river. He instead took the victim to a hotel in New Karshi, where he allegedly had unlawful carnal knowledge of her twice. He further threatened to kill her if she disclosed the incident.
The crime came to light after the victim’s guardian observed unusual changes in her behaviour and questioned her. The victim was immediately taken for medical examination, which confirmed penile penetration.
Upon interrogation, the suspect confessed to the offence and pleaded for leniency.
The Commissioner of Police, CP Shetima Jauro Mohammed, has directed that the case be transferred to the State Criminal Investigation Department, Lafia, for comprehensive investigation and prosecution.
He assured that justice will be served and urged members of the public to exercise caution regarding places of worship they attend and individuals who parade themselves as clerics.