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Interswitch, Verve Return as Gold Sponsors for CeBIH 2025 Annual Conference: Championing Conversations on Financial Inclusion and Consumer Credit

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As conversations around deepening financial inclusion and expanding access to credit gain fresh momentum, Interswitch Group, Africa’s leading integrated payments and digital commerce company, has reaffirmed its commitment to the advancement of Nigeria’s digital finance landscape through its renewed partnership with the Committee of e-Business Industry Heads (CeBIH) as Gold Sponsor of the 2025 CeBIH Annual Conference.The two-day conference, themed “Reimagining Financial Inclusion through Cultural Shifts in Consumer Credit,” will take place from Tuesday, December 2 to Wednesday, December 3, 2025, at the Eko Convention Centre, Victoria Island, Lagos and will feature keynote addresses, panel discussions, and case studies that collectively aim to reframe Nigeria’s consumer credit culture and foster a more inclusive economy.Bringing together policymakers, banking executives, technology innovators, and thought leaders, the conference will examine how shifting cultural attitudes toward credit, alongside technology and data-driven solutions, can accelerate access to finance for millions of unbanked and underbanked Nigerians.As part of the event’s robust agenda, Verve, a subsidiary of Interswitch Group, will feature prominently on Day 1 (December 2) in a high-impact panel session titled “Alternative Credit Scoring for the Underserved.” The session will convene industry experts to interrogate the limitations of traditional credit models and explore innovative approaches that leverage alternative data to unlock new pathways for financial inclusion.Speaking ahead of the conference, Mitchell Elegbe, Founder and Group Managing Director of Interswitch Group, said:“We are delighted to once again collaborate with CeBIH in advancing the conversations that are shaping the future of financial access in Nigeria. At Interswitch, we recognize that inclusion goes beyond connectivity, it is about creating credit systems that reflect the realities and aspirations of everyday people. Through technology and data intelligence, we can reimagine lending models that empower individuals and businesses previously excluded from the financial ecosystem, unlocking prosperity at scale.”Established to promote collaboration and thought leadership within Nigeria’s digital financial services industry, CeBIH continues to play a pivotal role in influencing the direction of e-business and payments innovation. This year’s theme reflects a growing recognition that financial inclusion extends beyond digital access to encompass the development of responsible and culturally attuned credit systems that enable economic participation and growth.Interswitch’s continued sponsorship of the CeBIH Annual Conference underscores its strategic commitment to driving financial empowerment, fostering innovation, and shaping a sustainable digital economy in Nigeria and across Africa.For more information about the conference, please visit www.cebih.org

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WEMA BANK SET TO SPONSOR CELEBRITY PERFORMANCE AT COUPLE’S WEDDING

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In the spirit of the season of love, Wema Bank has announced the couple who will be getting a special celebrity artiste performance at their wedding on Valentine’s Day, February 14, 2026: The bride, Rita Ndukwe and the groom, Jemil Adama.

Inspired by the “Evolution” theme of its upgraded ALAT App tagged “ALAT: The Evolution”, Wema Bank launched its Valentine campaign on February 1, 2026, with a focus on celebrating the journey of love across four categories: self-love, friendship, romantic relationships and marriage.

“Evolution Of Love, Powered by Wema Bank” called on singles, friends, lovers, and married couples to post a 1-minute video sharing their love journey and how it has evolved over the years. At 3 p.m. on Thursday, February 12, the Bank announced the couple who would be getting the ultimate love experience: a celebrity artiste performance live at their wedding on February 14th.

The internet has been buzzing in excitement and anticipation of the celebrity artiste Wema Bank is bringing to the special Valentine wedding this weekend.

Updates are available on the Bank’s social media platforms @wemabank. Anyone interested in following the conversation and watching the big reveal of the celebrity artiste is encouraged to turn on post notifications and use #ALATEvolutionOfLove to stay up to date.

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Ugbe: Reflections on Tenure as MultiChoice Nigeria CEO

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The recent retirement of Mr. John Ugbe as Chief Executive Officer of MultiChoice Nigeria, a Canal+ company, offers a useful example of a leadership style that has become rare on the Nigerian corporate landscape. This reflects less on the effectiveness of the approach than on its divergence from prevailing leadership norms.Over more than two decades within the MultiChoice system, including eight years as Chief Executive Officer in Nigeria, Ugbe adopted an approach that placed emphasis on process, governance and continuity. To his credit, and that of the organisation, MultiChoice Nigeria did not evolve into an extension of executive personality. In an environment where visibility is often equated with authority, this positioning stood apart.Corporate leadership transitions in Nigeria frequently follow a familiar pattern. Incoming executives emphasise personal vision and rapid change. Existing structures are dismantled to signal a break from the past. Success is closely tied to individual leadership, while challenges are attributed to inherited constraints. When transitions occur, organisations often experience disruption, with focus shifting to short-term stabilisation.Ugbe’s trajectory differed. He advanced through technical and managerial roles within MultiChoice Nigeria before assuming senior leadership. This progression informed a management style grounded in operational familiarity rather than symbolic authority. Decisions were shaped by institutional process and regulatory context, with growth pursued alongside organisational coherence.This orientation became more pronounced as the operating environment grew more complex. Nigeria’s media and entertainment sector operates under intense regulatory scrutiny, consumer sensitivity and global competitive pressure. Leadership in such conditions often attracts demands for visible decisiveness. During periods of heightened scrutiny, including debates around pricing, accessibility and content direction, corporate engagement under Ugbe remained largely restrained. Responses prioritised institutional positioning rather than executive prominence.Growth initiatives followed a similar logic. The launch of GOtv, expansion of local content, creative development programmes and empowerment schemes were integrated into the organisation’s operating framework rather than presented as separate leadership interventions. Over time, these initiatives contributed to an ecosystem capable of functioning without constant executive involvement.This distinction matters. Many Nigerian organisations remain dependent on individual leaders. Decision-making slows in their absence, and leadership transitions often trigger operational resets. In such settings, succession becomes disruptive rather than procedural. Ugbe’s tenure points to an alternative, where leadership prioritises institutional continuity over personal indispensability.This approach is reflected in the manner of his exit. Ugbe’s retirement coincided with a structured transition to Kemi Omotosho, an executive with extensive experience within the broader MultiChoice system. The process suggests an organisation prepared for leadership continuity. In a corporate environment where succession planning is often informal or delayed, this remains relatively uncommon.Leadership tenure in Nigeria is frequently extended beyond optimal periods, or exits occur with limited preparation. Authority becomes personalised, complicating transition. Ugbe’s career illustrates a model in which leadership is treated as stewardship rather than possession.Another defining feature of his tenure was pacing. Ugbe led in an industry shaped by technological disruption, shifting consumer behaviour and economic volatility. Streaming platforms altered consumption patterns. Currency instability affected planning. Public expectations evolved rapidly. Organisational responses during this period tended to be incremental rather than reactive, with sustained investment in talent development, content production and distribution infrastructure.This approach is sometimes interpreted as caution. It can also be understood as an emphasis on building capabilities that remain relevant across changing market conditions, rather than pursuing short-term visibility.Nigeria’s corporate environment often rewards immediacy. Executives face pressure to demonstrate impact quickly, sometimes at the expense of durability. Ugbe’s tenure highlights an alternative emphasis on organisational resilience.This is not to suggest an absence of limitations or criticism. Like most long-serving executives, Ugbe operated within structural constraints, market pressures and regulatory realities. MultiChoice Nigeria faced sustained criticism over pricing, accessibility and public communication, particularly during periods of economic strain. These challenges remain part of the operating environment beyond any individual leader.Ugbe also avoided positioning himself as the public face of the organisation. Visibility was distributed across teams, platforms and institutional initiatives, reinforcing a focus on organisational function rather than executive prominence.As MultiChoice Nigeria enters a new phase, the relevance of Ugbe’s career lies less in symbolism than in implication. It provides a reference point for leadership in complex Nigerian corporate environments where public scrutiny, regulatory pressure and long-term continuity must be balanced.

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“No Pepsi, No Detty December” – Industry Leaders Explain How the Brand Took Over December

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If Detty December has a backbone, many industry leaders believe it is Pepsi.As the new year sets in and normal life slowly resumes, industry voices are looking back with clarity. Across music, media, nightlife and live entertainment, one sentiment continues to surface. No brand has shaped Nigeria’s December culture with the depth and consistency of Pepsi.“Without Pepsi, we wouldn’t have Detty December in the manner that we know it now,” says music journalist Joey Akan. Every December, there is always a Pepsi activation. There is always a Pepsi angle.”Pepsi’s influence cuts across generations of entertainment culture. From early concert sponsorships to backing DJs, festivals and emerging platforms, the brand embedded itself long before December became a global export.Ayo Animashaun, founder of Hip TV and The Headies, recalls the early days. “When the industry was emerging, Pepsi was one of the brands that supported us by way of endorsement. Pepsi held the hands of many practitioners through the journey.”That support extended beyond artists. DJs who were often overlooked in brand conversations, found a consistent ally in Pepsi. “They were the first people who recognised DJs as a brand,” Joey Akan notes, referencing ambassadors like DJ Obi, DJ Cuppy, DJ Xclusive, DJ Spinall and most recently DJ YK Mule.For event founders, the impact was tangible. Mainland Block Party founder Tobi Mohammed credits Pepsi with helping build an entire ecosystem. “There was a major Mainland event that Pepsi saved. Those funds did not just pay for a party. They helped build a business.”As Nigerian music and nightlife continue to evolve from concerts to block parties to raves, Pepsi has moved with the culture. “Every time the culture shifts, Pepsi shifts with it,” Joey Akan explains. “That’s why they’ve stayed ahead of the game.”In a season where many brands now scramble for relevance, industry insiders agree: Pepsi didn’t chase Detty December. It built it.

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