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AXA Mansard Sweeps Prestigious Awards at 2024 CIPM HR Oscars
By Modupe Gbadeyanka
The 2024 Chartered Institute of Personnel Management (CIPM) HR Oscars held in Abuja recently saw AXA Mansard as one of the biggest winners.
The leading insurance firm was recognised for Best HR Practice (Insurance Category), Employee Engagement, and Internal Communications Initiative.
Also, the member of the AXA Group was the second runner-up overall in Nigeria for the 2024 HR Best Practice Award.
According to the Chief Client Officer of AXA Mansard, Ms Rashidat Adebisi, the awards underscore AXA Mansard’s unwavering commitment to fostering an engaging, stimulating, and progressive workplace for its people.
She remarked further that the company believes that living out its customer-first value should begin with a positive employee experience. AXA’s HR policies and practices are thus deliberately tailored to be people-oriented.
“We are convinced that when we care for our employees, they will care for our customers, and everybody wins. The customers win, the employees are fulfilled, the society is better, and the marketplace prospers”, she said.
“So, to be awarded three awards by a prestigious human capital institution such as CIPM is something we take seriously. It is a confirmation that our people philosophy is in tune with the realities of today’s workforce requirements.
“I congratulate our HR team for consistently embodying our Employee Value Proposition. I understand the dedication and precision involved in achieving each of these awards, so winning three in a single year is a clear testament to the great work we are doing for our employees.
“This achievement not only solidifies our position as an industry leader but also reaffirms our commitment to being a people-oriented, role-model organization,” she added.
Also, the General Counsel and Human Resources Director of AXA Mansard, Ms Omowunmi Mabel Adewusi, noted that the awards are another testament to the organization’s HR best practices and their real impact on the employee’s total well-being.
“These awards underscore that our Dare and Care philosophy is a driving force within our organisation. Being recognized as the company with the Best HR Practice within the insurance sector—and across multiple industries in Nigeria—is a significant accomplishment.
“This recognition reflects the bold, forward-thinking policies and initiatives we have put in place to ensure our employees are engaged, productive, and find purpose in their work each day.
“For example, our AXA We Care program offers employees benefits such as menstrual leave, paternity leave, psychological assistance, caregiver leave, maternity leave, teleconsultation services, free medical check-ups, minimum financial coverage in the case of cancer, and many more.
“We understand, for example, that women’s menstrual cycle is not what we are culturally tuned to discussing, especially with managers of the opposite sex. But it’s a key part of the women’s wellbeing, so what we have done is to ensure that women can take leave days if they need to during their monthly cycle.”
The CIPM promotes excellence in people management through value creation, optimisation of human potential, and standardization, as well as regulation of Human Resource Management.
The HR Oscars aims to identify best practices and recognize achievements. Its assessment for recognition is based on the demonstrated proof of positive business impact based on the change, initiative, program, or process improvement described in the submissions.
The AXA We Care programme is deployed under four main policy pillars;
Caregiver policy: This policy provides employees caring for immediate family members who require elder care or care due to a serious health condition and disability with up to five days of fully paid leave.
Domestic and sexual violence policy: AXA stands against domestic and sexual violence. For any employee impacted by such a situation, AXA commits to providing access to psychological support, specialist support services, flexible working arrangements, and five days of fully paid leave.
Parental policy: Besides the existing fully paid maternity leave for female employees, the We Care program provides an extended fully paid paternity leave for male employees for up to 10 working days. Additional leave and flexible working arrangements will be offered to support employees receiving and recovering from in-vitro fertilization or in the case of pregnancy loss.
Healthy You program: Launched in 2020, this health and wellbeing program provides AXA employees with benefits such as psychological assistance, teleconsultation services, medical check-ups, minimum financial coverage for cancer, and more. The program will expand further to include a supportive working environment for employees experiencing menstrual health conditions, menopause, or andropause.
By Adedapo Adesanya
The Nigeria–China Strategic Partnership (NCSP) recently hosted a high-level delegation from Newryton International Industrial Development Company Limited, a leading Chinese investment and industrial development consortium, to advance discussions on deepening bilateral trade, industrial cooperation, and development financing between both countries.
The Newryton delegation, led by Mr David Chen, Assistant Secretary-General of the China Hainan Investment Council, had earlier engaged with the Nigerian Association of Commerce, Industry, Mines and Agriculture (NACCIMA). They were accompanied to the NCSP by Mr Joe Onyuike, Vice-Chairman of NACCIMA’s Agriculture and Livestock Trade Group, who conveyed NACCIMA’s support for the delegation’s engagements.
Discussions centered on the establishment of a Nigeria–China Trade and Investment Platform, including a proposed Promotion Centre in China to support Nigerian products, investors, and state governments.
The consortium also presented opportunities within Hainan Province’s Free Trade Port (FTP), which offers preferential policies that Nigerian businesses can leverage to expand exports and attract new investments.
In his address on behalf of Newryton, Mr Pong outlined plans to collaborate with NCSP in accessing FOCAC-supported financing for strategic investments in agriculture, energy, mining, solid minerals processing, and related sectors. The delegation identified aquaculture as a key area of interest and referenced the forthcoming Global Aquaculture Conference in Hainan Province, encouraging Nigerian stakeholders to participate.
They also expressed readiness to strengthen cooperation in vocational training and employment under the Belt and Road Initiative (BRI).
Welcoming the delegation on behalf of the Director-General, Martins Olajide, NCSP’s Head of Internal Operations, reaffirmed the organisation’s commitment to fostering mutually beneficial partnerships.
He highlighted NCSP’s strong interest in the proposed Nigeria–China Trade and Investment Platform and the development of the Nigerian Oil Palm Industrial Park as a flagship demonstration project.
Also speaking at the meeting, Ms Judy Melifonwu, NCSP’s Head of International Relations, underscored the opportunities presented by China’s zero-tariff policy and the forthcoming NAQS–GACC protocol on the export of Nigerian aquaculture products. She noted that these frameworks would significantly enhance Nigeria’s competitiveness in emerging global markets.
Both parties expressed commitment to advancing discussions toward a structured cooperation framework covering all priority areas.
By Adedapo Adesanya
The United Kingdom–Nigeria Infrastructure Advisory Facility (UKNIAF), established in 2019 as part of a 16-year legacy of UK-funded infrastructure support to Nigeria, convened over 100 senior stakeholders on Tuesday, December 2, to review its progress and formally close out its current phase of operations.
The event brought together representatives from federal and state governments, development partners, development finance institutions, and the private sector to reflect on UKNIAF’s work across the power, infrastructure finance, and roads sectors. Discussions focused on institutional reforms, capacity development, and the sustainability of tools and processes introduced over the past six years.
Since inception, UKNIAF has delivered targeted technical assistance designed to embed evidence-based reforms, data-driven decision-making, and improved institutional performance. Its interventions have mobilised significant financing, strengthened regulatory and planning systems, and enhanced investor readiness across multiple infrastructure markets.
In the power sector, participants highlighted landmark achievements including the development of Nigeria’s first Integrated Resource Plan, which outlines a least-cost and low-carbon pathway for expanding electricity supply. UKNIAF also supported the Nigerian Electricity Regulatory Commission (NERC) in building advanced real-time data capabilities for tariff monitoring, grid management, and outage tracking. The programme enabled pioneering states to establish their own electricity markets following constitutional reforms.
In infrastructure finance, UKNIAF was recognised for strengthening project preparation systems and enabling access to capital. Notable accomplishments include supporting the mobilisation of $75 million from the African Development Bank to the Special Agro-Industrial Processing Zone (SAPZ) programme in two states, and accelerating mini-grid and solar deployment through improved technical standards at the Rural Electrification Agency (REA).
UKNIAF also designed a national project preparation facility, for which N21 billion was allocated in both the 2024 and 2025 budgets to build a pipeline of bankable projects.
Speaking on this, Mr Frank Edozie, UKNIAF Team Lead, described the programme’s close-out as a “handover for sustained delivery,” emphasising that strengthened institutions now hold tools that make Nigeria’s infrastructure landscape more transparent, climate-smart, and investor-ready.
On his part, the Minister of Power, Mr Adebayo Adelabu, commended the programme, noting that its technical assistance and advisory services had helped lay the foundation for a sustainable and inclusive electricity supply industry.
Mrs Cynthia Rowe, Head of Development Corporation at the UK Foreign, Commonwealth and Development Office (FCDO) in Nigeria, praised the partnership, highlighting achievements ranging from state-level electricity market reforms to unlocking major financing and designing Nigeria’s Climate Change Fund.
Enugu State Secretary to the State Government, Professor Chidiebere Onyia, underscored the lasting influence of the programme, stating that UKNIAF’s impact continues through the expertise and leadership transferred to national and sub-national institutions.
The close-out event reaffirmed stakeholders’ commitment to sustaining tools, reforms, and knowledge products developed under UKNIAF, while strengthening collaboration among public, private, and development actors in the infrastructure ecosystem.
Participants included federal and state agencies such as the Nigeria Governors’ Forum, Federal Ministry of Power, Ministry of Finance, NERC, REA, and the Transmission Company of Nigeria, alongside development partners including the African Development Bank, World Bank, and IFC, as well as private sector and civil society stakeholders.
By Aduragbemi Omiyale
The gantry price of Premium Motor Spirit (PMS), otherwise known as petrol, has been slashed by the Dangote Petroleum Refinery.
The Lagos-based oil facility brought down the ex-depot price of the petroleum product by 15.58 per cent or N129 per litre to N828 per litre.
Though the company had yet to release an official statement on this development, real-time market data on Petroleumprice.ng on Friday showed the new price.
Punch reports that data from the platform also showed fresh reductions across several private depots following the refinery’s latest review.
Sigmund Depot cut its ex-depot price by N4 to N824 per litre, Bulk Strategic dropped its price by N3, and TechnoOil slashed its by N15.
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