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FMDQ Group PLC Hosts its 7th Annual GOLD Awards for the Nigerian Financial Markets

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L-R: Chief Executive Officer, FMDQ Group PLC, Mr. Bola Onadele. Koko; Group Chief Operating Officer, FMDQ Group PLC, Ms. Kaodi Ugoji; Director-General, Securities and Exchange Commission, Nigeria, Dr. Emomotimi Agama; Group Chairman, FMDQ Group PLC, Dr. Jibril Aku; Managing Director, FMDQ Securities Exchange Limited, Ms. Tumi Sekoni; and Managing Director, FMDQ Clear Limited, Mr. Ayodele Onawunmi, at the 7th FMDQ GOLD Awards held on Friday, November 8, 2024, in Lagos.

In line with its commitment to transform the Nigerian financial markets through its “GOLD” (Global Competitiveness, Operational Excellence, Liquidity, and Diversity) Agenda, FMDQ Group PLC (“FMDQ Group” or the “Group”) once again hosted its 7th annual GOLD Awards (the “FMDQ GOLD Awards”) in Lagos, on November 8, 2024, to recognise individuals and institutions whose expertise, leadership, and dedication have been integral to shaping the markets. The prestigious event, designed to acknowledge and celebrate the contributions of market participants, whose participation in the FMDQ markets and across the financial market infrastructure value chain of FMDQ’s business – Exchange, Central Counterparty, Depository – as well as Private Markets, have played a key role in fostering the growth of the Nigerian financial markets and positively impacted the development of the economy was graced by the Director-General, Securities and Exchange Commission, Nigeria, Dr. Emomotimi Agama, as the Special Guest of Honour, along with various stakeholders, industry leaders, and esteemed guests. Delivering the Welcome Address, Dr. Jibril Aku, the Group Chairman of FMDQ Group PLC, stated, “In a year marked by global and domestic economic uncertainties, our financial markets have had to adapt in the face of significant challenges. However, it is through these very challenges that our market participants have demonstrated remarkable resilience and innovation. Your unwavering commitment has been instrumental in driving stability and sustaining growth in Nigeria’s financial ecosystem, and it is our privilege to celebrate these achievements with you.” In his Keynote Address, Dr. Emomotimi Agama, the Director-General, Securities and Exchange Commission (“SEC”), Nigeria, stated, “Over the years, FMDQ has played a transformative role in revolutionising the capital market in Nigeria, particularly in providing innovative solutions for investors, especially in the fixed income and bond markets. FMDQ has provided leadership and transparency to a key sector of the capital market that, hitherto, nobody knew about and wasn’t even counted as part of the capital market. Due to the nature of the investment in fixed income space, it is vital for regulators and investors to have a clear view of the size and depth of the markets. This has definitely contributed to improved liquidity and strengthening of the financial market infrastructure landscape in Nigeria”. The prestigious 2024 GOLD Awards were presented following a rigorous verification process by Ernst & Young, Nigeria (EY), underscoring the integrity and credibility of the accolades. The GOLD Awards spanned five (5) broad categories: FMDQ Primary Market Awards, FMDQ Secondary Market Awards, FMDQ Members’ & Clients’ Choice Awards, FMDQ Leadership Award and FMDQ Recognition Award. A total of twenty-six (26) awards were presented, with Chapel Hill Denham Advisory Limited and Stanbic IBTC Bank Limited emerging as the winners of the Primary Market Champion Award (FMDQ Capital Markets Securities Origination) and Secondary Market Champion Award (FMDQ Dealing Member of the Year), respectively. Whilst the Primary and Secondary Markets Awards were data-driven, the FMDQ Members’ & Clients’ Choice Awards provided a unique opportunity for the FMDQ Exchange’s Members and clients to nominate and vote for active participants across the fixed income and currencies markets. The Leadership Award (FMDQ Capital Market Catalyst), in recognition of an entity’s potential to significantly impact the Nigerian capital markets, facilitate access to capital, value transfer and deliver effective and efficient risk management, was presented to the Federal Government of Nigeria (represented by the Federal Ministry of Finance) for the establishment of the maiden Domestic FGNUS Dollar Bond Programme). Furthermore, a highlight of the night was the presentation of the Recognition Award (FMDQ Markets Enabler) by the Group Chairman of FMDQ Group, Dr. Jibril Aku and the Group Chief Executive Officer, Mr. Bola Onadele. Koko, to the worthy recipient, Dr. Emomotimi Agama, the Director-General of the SEC, who was recognised as a capital markets connoisseur with a track record of dedicated contribution and impact in the developmental history of the Nigerian capital markets over a sustained period through knowledge transfer, policy formulation and collaboration; with an undeniable and insatiable hunger for market development, and is uniquely positioned to achieve groundbreaking change and rapid development in the Nigerian capital markets for nationwide prosperity. As part of the evening’s entertainment, the young graduates of the FMDQ Next Generation Financial Markets Empowerment Programme (“FMDQ-Next”) 2024 Summer Camp (Primary School Stream), via a captivating playlet, demonstrated their learnings from the Programme. Through their performance, they explored several key topics, including the diverse range of financial products traded in FMDQ’s markets and the comprehensive services offered by FMDQ Group and its subsidiaries. FMDQ-Next stands as FMDQ’s flagship corporate responsibility initiative, dedicated to promoting financial market awareness and literacy among students at all academic levels, equipping them with the essential knowledge needed to navigate the financial landscape. FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group, strategically positioned to provide registration, listing, quotation and noting services; integrated trading platform, clearing & central counterparty, and settlement services for financial markets transactions; depository of securities, as well as data and information services, across the debt capital, foreign exchange, derivatives and equity markets, through its wholly owned subsidiaries – FMDQ Securities Exchange Limited, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. As a sustainability-focused FMI group, FMDQ Group, through FMDQ Exchange, operates Africa’s premier Green Exchange – FMDQ Green Exchange – positioned to lead the transition towards a sustainable future.

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EID EL-ADHA 2026: Governor Dauda Lawal Urges Increased Prayers for Peace, Hails Return of Displaced Communities

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As Muslims across the world celebrate Eid al-Adha 2026 yesterday, Zamfara State Governor Dauda Lawal has called on the faithful to intensify prayers for lasting peace in the state and Nigeria at large. The governor made the appeal in a statewide broadcast on Wednesday, ahead of the Eid prayers.

Eid al-Adha, known as the “Festival of Sacrifice,” is observed annually by Muslims on the 10th day of Dhulhijjah, the final month of the Islamic lunar calendar. The festival commemorates the unwavering obedience and devotion of Prophet Ibrahim (A.S.), who was willing to sacrifice his son Isma’il in submission to Allah’s (SWT) command an act replaced by divine intervention with a ram.

In his address, Governor Lawal reflected on the spiritual significance of the season, noting that the sacrificial rite not only honours Prophet Ibrahim’s submission but also forms an essential part of the Hajj rituals for pilgrims currently in the holy cities of Mecca and Medina.

“I felicitate with the Muslims on the occasion of Eid al-Adha 2026,” the governor said. “The sacrifice performed during Eid is symbolic of Prophet Ibrahim’s submission and is also part of the Hajj rites for pilgrims.”

The governor specifically called on residents of Zamfara, particularly those undertaking the pilgrimage, to remain steadfast in prayers for the state and the nation.

“We have made significant progress in the fight against banditry, which is why dispersed communities are now returning to their homes,” Lawal stated. He cited a recent milestone: “Last week, we successfully returned thousands of internally displaced persons (IDPs) to their ancestral community of Fegin Kanawa Village in Gusau Local Government Area after over a year of displacement.”

According to officials, the village had been abandoned due to repeated bandit attacks, forcing residents to seek refuge in overcrowded camps or host communities. The successful return of the IDPs marks one of the administration’s key achievements in its ongoing security and reconstruction efforts.

Governor Lawal expressed gratitude to Allah for enabling the state to witness what he described as a “historic” achievement the airlift of pilgrims from Gusau International Airport, which has now resumed full operations after previous disruptions.

“We are committed to ensuring the safe return of all displaced persons to their homes. Such successes are only possible due to our collective prayers. I urge us to pray more, especially during sacred religious festivals,” he added.

The governor concluded his message with warm wishes: “I wish everyone a peaceful Eid celebration.”

Following the broadcast, Governor Lawal joined thousands of worshippers at the Gusau Central Eid prayer ground, where he observed the two-unit Eid prayer and listened to the customary sermon (khutbah). Security was notably heightened across the state, with checkpoints and patrols deployed to prevent any attacks during the celebrations.

Zamfara, like much of Nigeria’s North-West region, has faced years of insecurity fueled by banditry, kidnapping, and communal clashes. The governor’s emphasis on prayer reflects a broader strategy that combines military offensives, community dialogue, and spiritual advocacy to restore normalcy.

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Wema Bank’s One-Day MD/CEO, Chinmamanda Ozoakpata, Unveils New Benefits for Children

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At Wema Bank, we have spent the last few years reimagining what Children’s Day can look like for Nigerian children.What started as a celebration has evolved into an intentional platform designed to build confidence, encourage leadership, promote financial literacy and create meaningful opportunities for children across different age groups.This year, we have raised the bar even higher. At Wema Bank’s Children’s Day Special Event held on Monday, May 25, 2026, our One-Day MD/CEO, Chinmamanda Diamond Ozoakpata, used her first official act in office to unveil a series of new initiatives designed to reward, educate and empower children through our Royal Kiddies account and ALAT Xplore platform.From year-long cash rewards and celebrations of academic excellence to financial literacy materials and STEM challenges, here are the new incentives that were announced and how to qualify:1. Birthday Cash Gift (Royal Kiddies Account Holders)Wema bank is putting real money behind milestone birthdays. Active Royal Kiddies account holders turning 5 will receive ₦5,000, while those turning 10 will receive ₦10,000 automatically, as a birthday cash gift. The initiative runs from May 2026 to May 2027. Importantly, active account holders who already turned 5 or 10 before May 2026 this year will also receive their reward this month.To qualify: Your child must hold an active Royal Kiddies account and be turning (or have turned) age 5 or 10 within the qualifying window.2. ₦100,000 Reward for Top Common Entrance Students (Royal Kiddies Account Holders)In a move that directly ties financial reward to academic achievement, Wema Bank will reward the top 100 students in the National Common Entrance Examination (NCEE) with ₦100,000 each. This initiative commences in June 2026.To qualify: Your child must be among the top 100 performers in the NCEE and hold a Royal Kiddies account.3. Financial Literacy Book Launch – Money Adventures (Royal Kiddies Account Holders)Wema Bank officially launched Money Adventures, a financial literacy book created for children aged 6 and above, at the Children’s Day event. Designed to make money conversations simpler and more engaging for young readers, the book introduces children to foundational concepts around saving, money management and responsible financial habits in a fun, age-appropriate way. To qualify: To receive a copy of this book, your child must hold an active Royal Kiddies account or have their Royal Kiddies account newly activated.4. Evolve School Tour STEM Challenge (ALAT Xplore Account Holders)The Bank also unveiled the Evolve School Tour STEM Challenge. Designed for secondary school students aged 13–17, the programme will run across six schools nationwide with existing STEM programmes. Through hands-on STEM competitions and school engagements, the initiative aims to promote innovation, technology awareness, financial literacy and responsible savings culture. There will also be monetary prizes to be won at the end of the challenge.To qualify: Your child must be an ALAT Xplore customer, aged 13–17, and attend one of the participating schools with an active STEM programme.Over the last four years, Wema Bank has consistently treated Children’s Day as more than a calendar moment. From the One-Day MD/CEO initiative to school tours, leadership experiences and child-focused financial literacy campaigns, the Bank has continued to expand how it supports children meaningfully.Yet, this is the first time  the bank has included a Children’s Day initiative that runs for an entire year. Combine that with a six-figure academic reward, a published financial literacy resource, and a nationwide school tour, and it becomes clear: this is the most comprehensive, most impactful package of benefits Wema Bank has ever delivered to its youngest customers. It signals a growing commitment by Wema Bank to create experiences for children that extend far beyond celebration and leave a lasting impact long after Children’s Day is over.

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Zamfara State Approves Enhanced Pension Payouts for Retired Public Workers

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In a decisive move aimed at alleviating the economic burdens of retired public servants, Zamfara State Governor, Dr Dauda Lawal, has officially approved increased monthly pension payments for all former workers from both state and local government offices. The approval follows an extensive financial review of retirees’ living conditions, with particular attention to those in lower-income brackets who have been disproportionately affected by the prevailing cost-of-living crisis.The decision was precipitated by the findings and recommendations of a special committee empaneled to evaluate the welfare situation of pensioners across the state. The committee’s report highlighted acute financial distress among aging retirees and called for immediate remedial action. In response, the state government has authorized a substantive upward adjustment in monthly pension stipends.This increment aligns seamlessly with the Federal Government’s Minimum Wage Act of 2024, which explicitly recommended an additional monthly sum of at least N32,000 for pensioners. Governor Lawal has opted for full implementation of this advisory for all retired state and local government employees a policy intervention expected to benefit thousands of households across Zamfara. The state government has subsequently issued binding directives to all relevant agencies to ensure the expeditious and seamless disbursement of the enhanced payments without procedural delays.Speaking on the development, the Honorable Commissioner for Information and Culture, Mahmud Muhammad Dantawasa, characterized the policy as a tangible demonstration of Governor Lawal’s unwavering commitment to improving the quality of life for both active and former government workers. According to the Commissioner, the administration operates on the principle that dignified retirement includes access to basic necessities and financial comfort. Beneficiaries across all local government areas have been assured of prompt payment once implementation commences.

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