General
Edo Govt Gives Ekiosa Fire Victims N100m
By Dipo Olowookere
Governor Godwin Obaseki of Edo State has approved the release of N100 million to compensate traders of Osa market (Ekiosa) whose goods were destroyed in a fire incident few days ago.
During a visit to the market, Mr Obaseki noted that it was unfortunate that different markets in the state have been gutted by fire within a short period, a development he attributed to the antics of the enemies of the state.
He accused suspected arsonists, working in cohorts with unscrupulous politicians under the aegis of the disbanded Edo Peoples Movement (EPM), to sabotage markets in Benin metropolis and the state government.
He described the Sunday, December 22 inferno, which also happened at the Edo Development Property Agency (EDPA), as very unfortunate, emphasising that it was not an accident, but the handiwork of arsonists out to sabotage markets and discredit government.
According to him, intelligence reports indicated that some people who are disgruntled over his reforms and programmes targeted at improving the welfare of the people, were behind the recent infernos in markets.
He decried the new dimension of fire incidents in the state, where these suspected arsonists, prevent firefighters from gaining access to markets being gutted by fire.
The Governor said the fire incidents were politically motivated by the disgruntled politicians, who had vowed to make government unbearable for him.
“They say they want to shame us; they tried other tricks, but did not succeed. They say they will cause havoc during this Yuletide, but their plans will fail.
“You cannot tell me that the fire on the 6th floor of the EDPA building was an accident. It is a clear case of arson. We had passed the market to Edo Central Senatorial District. We got to hear about the fire at about 10am. The Fire Department was sent in from the University of Benin (UNIBEN), but the people attacked them,” he said
“Last week, when a similar incident occurred, firefighters came in to quell the fire in Oliha market and the people chased them. There is a pattern to what they are doing.
“They should try whatever they like, but we will continue to work for the people of the state; they cannot remove us from Edo,” he told the traders, who hailed him as he addressed them alongside members of his cabinet and market leaders.
He asked the market women association to submit a list of traders whose goods were burnt in the market so they could be compensated, adding, “The traders should come up with a list so we can assist you to start again. The money will be given to you through Sterling Bank.”
The Governor said the market would be rebuilt from early 2020, while a section of it would be cleared for the traders to use as a temporary arrangement.
He added that the state government has decided to take over the security of markets from local councils and would work with market associations to secure markets, noting that markets without fire extinguishers and borehole would be shutdown.
Responding to the proposed security framework for markets, the Edo Commissioner of Police, Mr Lawan Jimeta, said he would deploy his men to ensure the success of the arrangement and provide the needed strategic backing.
General
NECA’s Annual Retreat for Business Managers, Executives Holds April 16
By Aduragbemi Omiyale
The annual retreat for business managers and executives organised by the Nigeria Employers’ Consultative Association (NECA) will take place from April 16 to 18, 2026, at the AAE & T Hotel, Kuto, Abeokuta, Ogun State.
This year’s edition is themed The Resilient Enterprise, People and Systems: Building and Managing Businesses that Outlive Seasons, Cycles and Crises.
The programme aims to equip leaders with the insights, tools, and networks required to build resilient organisations in an increasingly complex business environment.
It will provide a unique platform for executive-level engagement through high-level conversations, peer learning sessions with experienced leaders, strategy reflection workshops, and curated networking opportunities.
Expected to attend are industry leaders, senior executives, and business managers from across sectors. They will explore strategies for sustaining organisational performance through leadership transitions, economic cycles, regulatory shifts, and market disruptions.
Participants will also benefit from interactive discussions focused on strengthening corporate governance, developing agile leadership capabilities, and building organisational systems that can withstand periods of uncertainty and transformation.
A notice from NECA said the event is open to both members and non-members, with participation fees set at N300,000 for members and N320,000 for non-members. Discounts will also be available for Gold and Silver members, subject to applicable terms and conditions.
Interested participants are encouraged to register via the official registration link to secure their place at the retreat, which promises to deliver valuable insights and connections for executives seeking to build enterprises capable of thriving through seasons of change and uncertainty.
The Director-General of NECA, Mr Adewale Smatt-Oyerinde, noted that by convening business managers and senior executives in a collaborative learning environment, the association aims to contribute to the development of stronger, future-ready enterprises that can drive economic growth, create jobs, and support national development even in the face of evolving global and local challenges.
He added that the retreat will provide executives with the opportunity to step away from daily operational demands and engage in deeper strategic conversations with peers and industry experts.
“The theme of this year’s retreat speaks directly to the realities businesses face today. Across sectors, organisations are navigating leadership transitions, regulatory shifts, economic pressures, and technological disruption.
“What distinguishes enduring enterprises is their ability to build strong systems, develop capable leaders, and create organisational cultures that can adapt and respond effectively to change,” the NECA chief said.
General
Egbin Power Commissions 80 New Staff Housing Units
By Modupe Gbadeyanka
In further demonstration of its unwavering commitment to its workforce, Nigeria’s foremost power generation company, Egbin Power Plc, has unveiled 80 new residential housing units for employees within its plant premises in Egbin, Lagos State.
This comprises 40 fully furnished three-bedroom apartments and 40 furnished studio apartments, all designed to contemporary standards.
The units feature modern infrastructure and thoughtfully planned utilities, creating a safe, comfortable, and conducive living environment that supports both employee productivity and family well-being.
This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence.
The new housing units are part of a holistic strategy to cultivate a stable, motivated, and future-ready workforce.
This strategy extends beyond infrastructure to encompass robust career development and recognition. Over the past three years, Egbin Power has promoted 112 employees across various cadres, reinforcing a culture that rewards merit, performance, and long-term dedication
“At Egbin Power, our people are our most valuable asset. Even amidst the prevailing liquidity and operational realities within the broader power sector, our focus on employee welfare has remained deliberate and consistent.
“This significant expansion of our residential estate is a tangible expression of that commitment.
“It is one of several key initiatives aimed at ensuring our employees feel genuinely supported, allowing them to thrive both personally and professionally,” the chief executive of Egbin Power, Mr Mokhtar Bounour, said.
Initiated in 2025 and completed in January 2026, this project is the latest milestone in Egbin Power’s structured and ongoing approach to enhancing employee welfare. It reflects the energy firm’s dedication to fostering a culture where every team member feels valued, secure, and motivated.
General
NGX Group, CSCS, WIMBIZ to Ring Bell for Gender Equality
By Aduragbemi Omiyale
On Tuesday, March 10, 2026, at the Nigerian Exchange Group House in Lagos, the role of capital markets in promoting gender equality will be reemphasised through the closing gong ceremony in commemoration of International Women’s Day 2026.
The ceremony is part of the global Ring the Bell for Gender Equality campaign, which mobilises stock exchanges worldwide to expand women’s participation in the economy and advance gender-inclusive practices.
In Nigeria, the NGX Group is partnering with the Central Securities Clearing System (CSCS) Plc and Women in Management, Business and Public Service (WIMBIZ) to make it memorable under the theme Rights. Justice. Action. For ALL Women and Girls.
Dignitaries expected at the ceremony include the Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu; the First Lady of Imo State, Mrs Chioma Uzodimma; the Executive Commissioner for Legal and Enforcement at the Securities and Exchange Commission (SEC), Ms Frana Chukwuogor; foremost actor, Ms Funke Akindele; a Director at the NGX Group, Ms Ojinnika Olaghere; and another staffer of NGX Group, Mrs Fatima Wali-Abdulrahman, alongside board members of NGX Group, regulators, capital market stakeholders, and industry leaders.
NGX Group is joining other exchanges worldwide in sounding the NGX Gong to underscore the importance of inclusive leadership, equal opportunities, and stronger market accountability in advancing gender equality.
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