Business

Leadway Begins Fourth Edition of Pages to Places Literacy Outreach Across Six States

Published

2 weeks ago

June 4, 2026

Preport

Leadway, Nigeria’s leading non-banking financial and wellbeing conglomerate, has announced the commencement of the fourth edition of its flagship “Pages to Places” school outreach initiative. Scheduled to begin on June 3, 2026, the intervention will be rolled out across public primary schools in six key locations: Lagos, Warri, Ekiti, Port Harcourt, Kaduna, and Abuja, targeting underserved communities with critical educational resources.

Now in its fourth consecutive year, the “Pages to Places” initiative has become a cornerstone of Leadway’s corporate responsibility strategy aimed at improving educational outcomes for young Nigerians. By donating carefully curated literature books and deploying mobile libraries to beneficiary schools, the programme seeks to address gaps in primary education, strengthen baseline literacy levels, and cultivate a sustainable reading culture among children.

Speaking on the launch of the 2026 edition, the MD/CEO of Leadway Pensure, Olusakin Labeodan, emphasized the company’s long-term vision for child development. He noted that to secure the future, corporate organizations must intentionally invest in the total well-being of children today. He added that the initiative reflects Leadway’s enduring commitment to community development, providing children with the essential tools, confidence, and opportunities required to thrive and contribute positively to society.

Leadway’s focus on youth development during this period extended beyond literacy to encompass health and physical wellbeing. In commemoration of Children’s Day, the conglomerate partnered with Holdbodi to execute a community health outreach that supported over 3,000 children across the Agege, Ebute Metta, and Abule Egba areas of Lagos State. Furthermore, the company engaged with educational ecosystem stakeholders at the Akada Children’s Book Festival and sponsored the “Get Fit with Jhay” initiative to promote healthy, active lifestyles among young people.

Through these combined educational, wellness, and recreational interventions, Leadway continues to drive a holistic approach to corporate social responsibility, positioning education and health as interconnected pillars necessary for building resilient communities and securing a brighter future for the next generation.

Related Topics:Begins Edition Fourth Leadway Literacy Outreach Pages Places states

Up Next

From €750K to €30 Million: Rapid Transformation of Nigerian Wonderkid Zadok Yohanna,

Don't Miss

Benchmark raises its first-ever growth fund as part of $2B capital raise

Click to comment

Business

Insider Dealing: Mutual Benefits Director, Ogunbiyi Sells Shares Worth Over ₦6.3 Million

Published

7 hours ago

June 18, 2026

Preport

BY NKECHI NAECHE-ESEZOBOR—Mutual Benefits Assurance Plc has disclosed an insider transaction involving one of its directors, Dr. Akinade Ogunbiyi, who sold more than 1.5 million shares in the insurance company in a deal valued at over ₦6.3 million.

The disclosure, signed by Jide Ibitayo, Company Secretary, filed with the Nigerian Exchange (NGX) and the investing public, showed that Ogunbiyi, a Non-Executive Director of the company, disposed of 1,507,309 ordinary shares of Mutual Benefits Assurance Plc between June 3 and June 9, 2026.

According to the notification, the shares were sold at prices ranging from ₦4.20 to ₦4.33 per share, placing the total value of the transaction at between ₦6.33 million and ₦6.53 million.

The transaction was reported as an initial notification of insider dealing in line with regulatory requirements that mandate directors and other insiders of listed companies to disclose transactions involving the securities of their companies.

Mutual Benefits Assurance identified the financial instrument involved in the transaction as its ordinary shares, traded on the Nigerian Exchange under the ticker symbol “MBENEFIT.”
Insider dealing notifications are a key component of market transparency and corporate governance, providing investors with information on share transactions undertaken by directors, executives, and other individuals with access to potentially price-sensitive information.

While insider transactions often attract investor attention, market analysts note that such dealings do not necessarily indicate changes in a company’s outlook, as they may be influenced by personal investment decisions, portfolio rebalancing, or other financial considerations.

The disclosed transaction took place in Lagos, Nigeria, and was executed over a seven-day period between June 3 and June 9, 2026.

Mutual Benefits Assurance Plc remains one of the companies listed on the Nigerian Exchange that regularly complies with insider dealing disclosure requirements, reinforcing transparency in the capital market.

The post Insider Dealing: Mutual Benefits Director, Ogunbiyi Sells Shares Worth Over ₦6.3 Million appeared first on Business Today NG.

Business

FG debunks claims of plans to introduce telecoms, fuel taxes

Published

15 hours ago

June 18, 2026

Preport

The Federal Government has dismissed reports suggesting it plans to introduce new taxes on telecommunications services and petroleum products, saying the claims are false and misleading.

The Federal Ministry of Finance disclosed this on Wednesday in a statement signed by Maryann Duke, senior special assistant on communications and press secretary to the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele.

It said the reports, which linked the proposed taxes to the International Monetary Fund (IMF) Article IV Consultation on Nigeria, do not reflect its position.

According to the government, the recommendations contained in the IMF report are advisory and do not constitute policy decisions or binding actions for Nigeria.

“The Federal Government is not considering the introduction of any new taxes on telecommunications services or petroleum products,” the statement said.

Fuel tax rules remain unchanged.

The government also clarified that existing tax arrangements on petroleum products remain in place.

It said the Value Added Tax (VAT) waiver on fuel has not been removed and is still active.

It also explained that any fuel surcharge can only take effect through a ministerial order published in the Official Gazette, adding that no such action is being considered.

According to the statement, the current arrangements have helped cushion the impact of global fuel price changes on Nigerian households and businesses.

Telecoms excise duty

On telecommunications, the government said the excise duty introduced before 2023 has already been repealed under the new tax laws.

It added that the tax is, therefore, no longer in force.

The ministry urged Nigerians, media organisations and businesses to disregard claims about new telecoms and fuel taxes.

It said Nigeria’s tax policy remains focused on improving revenue collection, supporting economic growth, and attracting investment, rather than increasing the tax burden on citizens.

The ministry added that any future tax changes would be communicated through official channels and implemented strictly in line with due process.