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Enchanting Plateau Exhibition Opens in Jos With Bold Call for Unity and Creative Investment

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The 2025 Enchanting Plateau Exhibition opened on Monday at Odilins Event Center, Jos, with renewed excitement as artists, cultural figures, and creatives from across the state converged for a week-long celebration of Plateau’s rich heritage.

With the theme “One,” this year’s edition reinforces the exhibition’s mission of uniting communities through art, promoting tourism, and strengthening cultural identity.

Delivering the opening address, Chuwang Pwajok described the exhibition as an evolving cultural force in Plateau State. He noted that Enchanting Plateau has grown beyond a gathering of artists to become “a platform for societal reflection, pride, and healing.” According to him, the creative works showcased mirror the resilience, diversity, and communal spirit that define the state.

Pwajok commended the young artists whose pieces capture narratives of unity, beauty, struggle, and hope, adding that their creativity remains a vital tool for shaping Plateau’s cultural future. He expressed confidence that the exhibition is emerging as a signature event that deserves continuous support and expansion.

Founder of the exhibition, David Thomas, followed with a deeply emotional speech that set the tone for the ceremony. He said Enchanting Plateau was inspired by a dream to give Plateau artists a global stage and open doors of opportunity often shut to young creatives.

Thomas outlined the challenges many artists face—limited visibility, lack of appreciation, and financial constraints—yet stressed that Plateau continues to produce exceptional talent. He described the exhibition as a bridge linking art, culture, tourism, and economic development, urging government agencies, corporate bodies, and private investors to see art not only as entertainment but as a viable long-term investment.

He expressed gratitude to Governor Caleb Manasseh Mutfwang, his team, partners, and supporters for believing in the vision, noting that he hopes to see Enchanting Plateau grow into one of Nigeria’s and Africa’s major cultural events.

In his remarks, Hon. Dachung Bagos praised the initiative for inspiring young creatives and providing them with a platform to shine. He emphasized that the creative sector holds immense potential for wealth creation, citing examples of artworks that have gained global value over time.

Bagos encouraged sustained support for the exhibition and urged young artists to keep honing their craft, saying platforms like Enchanting Plateau can shape careers and elevate Plateau’s cultural profile.

One of the exhibiting artists, Naomi Adamu, shared her joy at participating for the second time. She described the exhibition as an inspiring space that motivates artists to keep creating despite the challenges within the art sector. Naomi discussed her featured piece, “Symbolic Identity,” made from natural seeds and gourds to reflect the deep cultural roots of Plateau people, including their symbols, values, and traditional communication patterns. She noted that the exhibition strengthens unity among artists and boosts their confidence.

Artist David C. Nwadike also expressed gratitude for the opportunity to showcase his work. He said Enchanting Plateau provides essential visibility for young artists and encourages appreciation of local creativity. Nwadike emphasized that monetizing art begins with valuing it locally and called for continuous support for the platform.

The week-long exhibition continues with art showcases, cultural performances, panel discussions, and interactive sessions aimed at celebrating and preserving Plateau’s artistic legacy.

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HBM Nigeria, United Capital, Wema Bank top stock pick this week

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Nigerian stocks retreated by 0.8 per cent last week, despite the release of several strong half-year results, as profit-taking pressured trade. Sell-offs in consumer goods stocks fuelled the slide.

This week, more corporate results are expected, notably those of the big banking institutions, which could shape the direction the market may go in the near term.

This week, increased positioning, notably in stocks that pay dividends at least twice a year, could be witnessed as the market awaits the release of half-year corporate results.

PREMIUM TIMES has assembled some stocks with sound fundamentals, adopting rigorous approaches to save you the risk of picking equities at random for investment.

The pick, a product of an analytical market watch, offers a guide to entering the market and taking strategic positions, with the expectation that selected stocks will record reasonable price appreciation with the passage of time.

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This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.

HBM Nigeria

HBM Nigeria tops this week’s list for its strong fundamentals. The net profit ratio (NPR) of the cement manufacturer is 9.6, while the price-to-earnings (PE) ratio is 18.1x. Its 10-day relative strength index (RSI) is 58.7.

United Capital

United Capital appears on the pick on the basis of its attractive fundamentals. The NPR of the company is 51.2, while the PE ratio is 10.1x.

Wema Bank

Wema Bank makes the selection for its strong fundamentals and for trading below its intrinsic value. The lender’s NPR is 30.5, while the PE ratio is 1.1x. Its RSI is 40.9.

Seplat Energy

Seplat makes the cut for its sound fundamentals. The NPR of the oil & gas corporation is 6.3, while the PE ratio is 26.6x. The RSI is 100.

UACN

UACN makes the cut for its sound fundamentals. The NPR of the company is 2.3, while the PE ratio is 25.4x. The RSI is 29.

NEM Insurance

NEM Insurance features on the pick for its strong fundamentals. The insurer’s NPR is 9.6, while the PE ratio is 11.8x. The RSI is 70.4.


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NAICOM Announces Successful Completion of Insurance Sector Recapitalization Exercise

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The National Insurance Commission,(NAICOM),  today announced the successful completion of the twelve-month insurance sector recapitalization exercise.

In pursuant to Section 15 and other relevant provisions of the Nigerian Insurance Industry Reform Act (NIIRA) 2025, signed into law on 31 July 2025 by His Excellency, President Bola Ahmed Tinubu, a as part of his administration’s financial sector transformation agenda towards the attainment of a US$1 trillion economy by 2030.

The successful conclusion of the exercise marks a defining milestone in the transformation of Nigeria’s insurance industry and signals the beginning of a new era for insurance in the country.

It represents a major step towards building a stronger, more resilient, adequately capitalized, professionally governed, and policyholder-focused insurance sector that is better positioned to support national economic growth, deepen financial inclusion, mobilize long-term investment capital, and contribute meaningfully to the stability of Nigeria’s financial system.

Following the enactment of NIIRA 2025, the Commission commenced a structured implementation process to provide strategic oversight, ensure transparency, support operators throughout the transition, and facilitate the effective implementation of the new minimum capital requirements within the statutory compliance period.

To ensure an orderly, transparent, credible, and verifiable process, the Commission issued the Guidelines on the Implementation of Minimum Capital Requirements (MCR) for Insurance and Reinsurance Companies in Nigeria. The Guidelines provided detailed guidance on the statutory minimum capital requirements under NIIRA 2025, eligible and ineligible capital instruments, admissible and non-admissible assets, verification and validation procedures, regulatory timelines, reporting obligations, and supervisory expectations throughout the implementation period.

Through a comprehensive process of review, verification, and validation, the recapitalization exercise has delivered a major boost to the Nigerian insurance industry. It has enhanced the financial resilience of operators, attracted substantial domestic and foreign investment, and rekindled strong investor confidence.

The verified outcome of the exercise indicates that Forty-three (43) insurance and reinsurance companies successfully met the prescribed Minimum Capital Requirements. However, Eight (8) insurance companies that submitted evidence of compliance shortly before the statutory deadline are currently undergoing final verification and regulatory review. This would be concluded within fourteen days.

Nigeria’s insurance industry is now entering a new phase of development founded on stronger capital, improved financial resilience, and enhanced capacity to underwrite larger and more sophisticated risks across strategic sectors of the economy.

The increase in minimum capital will improve insurers’ ability to honour policyholder obligations promptly, absorb emerging risks, support infrastructure and other long-term investments, and compete more effectively within regional and global insurance markets.

The recapitalization exercise also provides a stronger foundation for enhanced risk-based supervision by the Commission, ensuring that regulatory capital remains appropriately aligned with the nature, scale, complexity, and risk profile of each licensed operator.

The Commission reassures policyholders, investors, insurance operators, development partners, and the general public that, as the implementation of NIIRA 2025 continues alongside the modernization of Nigeria’s insurance ecosystem through innovation, technology, and digitization, the Commission will continue to strengthen consumer protection, promote sound market conduct, and accelerate insurance penetration across the country.

Our unwavering commitment remains to build a fair, stable, innovative, inclusive, and globally competitive insurance market that inspires public confidence and delivers lasting value to policyholders and the Nigerian economy.

The Commission will continue to engage stakeholders and provide regular updates on post-recapitalization supervisory actions, companies undergoing final verification, industry restructuring developments, implementation of the Risk-Based Capital Framework, and other strategic initiatives designed to deepen insurance penetration and strengthen confidence in the Nigerian insurance industry.

The National Insurance Commission expresses its profound appreciation to the Federal Government, regulatory and supervisory partners, shareholders, investors, operators, professional bodies, development partners, and all stakeholders whose cooperation and commitment contributed to the successful completion of this historic exercise. The Commission looks forward to even stronger collaboration as Nigeria enters a new era of insurance.

The successful completion of this recapitalization exercise is not the destination but the foundation. It marks the beginning of a new era in which stronger institutions, stronger governance, and stronger public confidence will make insurance work better for every Nigerian.

The post NAICOM Announces Successful Completion of Insurance Sector Recapitalization Exercise appeared first on Business Today NG.

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