Business

Atiku shifts ground, says reinstating subsidy’ll depend on situation met

Published

3 weeks ago

August 30, 2026

Preport

Alhaji Atiku Abubakar, former Vice President and Presidential Candidate of the African Democratic Congress(ADC), has said that reinstating fuel subsidy would depend on the situation on ground when he becomes President.

Abubakar, who stated this in a BBC interview monitored by the News Agency of Nigeria(NAN), opined that it was “not good” to remove the entire subsidy at the same time.

The ADC candidate’s new position on the matter represents a significant shift from his initial promise to restore full subsidy immediately he is sworn in, if he clinches the presidential seat in the 2027 election.

He said that a 100 per cent “sudden withdrawal” of fuel subsidy was not right, and opined that such a measure should rather be gradual.

He also stressed the need for consultation before such a decision could be taken.

“We shall meet with the people and examine the situation together. It shall be gradual. Certainly not 100 per cent as done by the current administration,” he said.

According to him, a sudden reinstatement will be like jumping into darkness because “one does not know the facts on the ground”.

(NAN)

The post Atiku shifts ground, says reinstating subsidy’ll depend on situation met appeared first on Business Today NG.

Related Topics:Atiku depend ground met reinstating shifts situation subsidyll

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Business

WAICA, Posterity Thinkers and Blue Alliance Launch Sustainability Training Masterclass for Member Insurers

Published

7 hours ago

September 19, 2026

Preport

BY CHILDIMA AGU—In a bid to improve human capital development in West African Insurance industry, the West African Insurance Companies Association (WAICA), in partnership with Posterity Thinkers and Blue Alliance, has launched a new Masterclass Sustainability Training Programme.

The announcement was signed by Davis Yasere on behalf of WAICA’s executive leadership.

The training, aimed at building the skills of insurance professionals across the region to manage climate risk and unlock new opportunities.

The programme is designed to equip insurers with the knowledge, tools and practical skills needed to navigate the evolving landscape of sustainability, climate risk and climate finance.

Posterity Thinkers will serve as lead partner, providing strategic leadership, coordination, institutional strengthening and climate-finance expertise, while Blue Alliance will act as technical partner, delivering specialised expertise in sustainability reporting, IFRS S1/S2, ESG, carbon accounting, decarbonisation and net-zero strategies.

WAICA noted that the timing of the initiative reflects growing regulatory and market pressures facing the sector. IFRS S1/S2 and other sustainability reporting standards are shifting from voluntary best practice to regulatory expectations across WAICA member jurisdictions, while climate change is increasingly affecting underwriting, claims, investments, asset values and business continuity.

Early capability-building, the Association, noted can strengthen insurers’ competitiveness, attract investment and open the door to innovative insurance solutions.

The programme is built around seven strategic objectives: building foundational capacity in sustainability and reporting; facilitating readiness for IFRS S1/S2 and emerging regulations; strengthening climate-risk management; embedding ESG into strategy, governance and investment; developing climate-finance capacity; enabling competitive positioning against international standards; and creating long-term resilience beyond one-off training.

Describing the training as a platform for lasting impact that will support market leadership, member retention and growth, regulatory advocacy, international standing, regional integration, revenue diversification and institutional strengthening.

The training will draw on a range of reference frameworks, including central banks’ directives, IFRS S1/S2, GSE ESG standards, the GHG Protocol, PCAF and ISO 50002:2014.

The post WAICA, Posterity Thinkers and Blue Alliance Launch Sustainability Training Masterclass for Member Insurers appeared first on Business Today NG.

Business

Access Holdings appoints Orimoloye as Access Bank executive director, risk management

Published

15 hours ago

September 19, 2026

Preport

Access Holdings Plc has announced the appointment of Ifedayo Orimoloye as Executive Director, Risk Management of its flagship subsidiary, Access Bank Plc.

The company disclosed this in a regulatory filing signed by Sunday Ekwochi, Group Company Secretary, on Friday, saying the appointment followed the approval of the Central Bank of Nigeria (CBN) and would take effect from 21 September.

Commenting on the appointment, Aigboje Aig-Imoukhuede, Group Chairman, Access Holdings Plc, said the appointment will further strengthen the Bank’s risk governance and support its scale to value focus.

“Mr. Orimoloye brings strong global risk management experience and strategic leadership to the Board of Access Bank Plc. His appointment will further strengthen the Bank’s risk governance and support its scale to value focus. We are pleased to welcome him and look forward to his contributions to the Group’s long-term value creation agenda,” he said.

The appointment, the company said, reinforces Access Bank’s commitment to strong governance, prudent risk management and sustainable stakeholder value.

It added that the appointment was made in line with applicable regulatory requirements and the Bank’s corporate governance framework.

Profile

Mr Orimoloye is an internationally recognised risk management executive with over 25 years’ experience across leading financial institutions in Africa, Europe and the United States.

His expertise spans enterprise risk management, capital optimisation, credit governance, regulatory compliance and strategic transformation.

READ ALSO: CBN begins work on new financial inclusion strategy, targets deeper access

He was recently the Group Chief Risk Officer of the African Development Bank, where he oversaw a portfolio exceeding $40 billion and supported the institution’s continued AAA ratings from Moody’s Investors Service, S&P Global Ratings and Fitch Ratings.

He also played key roles in landmark capital and securitisation transactions, including initiatives to expand renewable energy access across Africa.

Mr Orimoloye previously held senior risk leadership positions at Sterling Bank Plc, Ecobank Transnational Incorporated, Wells Fargo Bank, HSBC and Citigroup, where he led risk transformation, portfolio management and governance initiatives across multiple markets.

He holds dual bachelor’s degrees in Economics and Finance, as well as an MBA in Finance from California State University, Hayward.