General
Lagos Lauds AXA Mansard’s Efforts on Climate Change Campaign
By Modupe Gbadeyanka
A foremost underwriting firm, AXA Mansard Insurance Plc, has been praised by the Lagos State government over its continued climate change awareness.
In commemoration of its annual AXA Week for Good, the flagship programme of AXA Hearts in Action (AHIA), AXA Mansard employees, under the Trash-To-Treasure Initiative, collected waste from their homes, offices, and environment and converted it into funds.
The company, under this scheme, will donate proceeds from the exercise, to provide health insurance for vulnerable children under the Chess-In-Slums Africa Foundation.
The Special Adviser to the Lagos State Governor on Climate Change and Circular Economy, Ms Titi Oshodi, commended AXA Mansard for this programme.
Speaking during the awareness walk that preceded a beach clean-up by AXA employees in Lagos, the aide to Governor Babajide Sanwo-Olu of Lagos noted that the government was proud of AXA Mansard and others keenly interested in working to mitigate the impact of climate change.
“At the Lagos State Office of Climate Change and Circular Economy, our goal is to ensure that the governor’s vision for a zero-carbon Lagos by 2050 is not a mirage. This is because we have seen that the impact of climate change is no longer a concept. It is real.
“According to the Lagos State Climate Action Plan 2020 – 2025, more than half of Lagos’s 21 million residents live in informal settlements, which render them highly vulnerable to the impacts of climate change. The Lagos State Adaptation and Resilience Plan (LCARP) estimates the impact of climate inaction at $22-29bn – 11 times the state’s 2022 annual budget.
“So, when we see partners like AXA Mansard doing more than just raising awareness but getting their employees to act for the climate, we must commend them because we want them to do more as we journey to our vision 2050.
“I am especially delighted because of this year’s commemoration theme, Trash-to-Treasure. This theme fits well with the ambition of my office to ensure that we address the challenges of climate change, not just by awareness and advocacy, but to entrench circularity into the mix.
“So, when I heard that AXA Mansard is not just collecting waste, they are valorizing the waste to provide health insurance for vulnerable children, I thought this is a model initiative because it embodies the whole idea of circularity, which is using waste for economic, social and environmental good,” she stated.
Appreciating the gesture from the state government, the Chief Client Officer of AXA Mansard, Ms Rashidat Adebisi, said that AXA remains unrelenting in its quest to ensure that its sustainability agenda of fighting climate change and protecting the vulnerable population has an impact and makes the world safer, healthier, and more prosperous.
“We are delighted and encouraged to have you here today as we once again collectively express our purpose of acting for human progress by protecting what matters. This year, our focus in AXA is on protecting our water bodies.
“So, at AXA Nigeria, we decided to focus on removing waste from the water and increasing awareness about the impact of waste on water.
“The Impact of waste on water is enormous. It has health, environmental, social, and economic ramifications. We have seen the impact of waste on flooding and the socio-economic losses of homes, businesses, and lives that come in its wake. There are also health Implications for polluted water, and the list goes on.
“This is why we have focused on water waste, and we remain proud of how much our employees are doing for this cause. Across Lagos, Abuja, and Port Harcourt, hundreds of our employees volunteered to raise awareness for this Initiative.
“They joined in collecting waste and participated in the beach clean-up. For us, this is what AXA Hearts in Action represents, and we remain committed to providing the right leadership and support for our employees to continue to express this shared purpose,” Ms Adebisi noted.
General
TCN Confirms Destruction of Six Transmission Towers in Nasarawa
By Adedapo Adesanya
The Transmission Company of Nigeria (TCN) has confirmed the destruction of six transmission towers along the Apir–Lafia 330kV line in Nasarawa State, causing significant disruption to electricity supply in parts of the country.
In a statement issued on Wednesday, TCN spokesperson, Mrs Ndidi Mbah, said the incident occurred on May 30 at about 1:15 a.m. during a heavy downpour.
She explained that the transmission line initially tripped, prompting operators to attempt a trial reclosure of Line II at about 2:08 a.m., but the effort failed.
A subsequent inspection of the transmission corridor, however, revealed extensive damage to key components of towers T125 to T130, confirming that the infrastructure had been vandalised.
“The tripping of the lines prompted a physical line trace to determine the fault, which revealed damage to critical components of towers T125 to T130, confirming vandalism on the affected sections of the transmission corridor,” Mbah said.
The incident has forced both Apir–Lafia 330kV Transmission Lines I and II out of service pending the reconstruction of the damaged towers.
TCN said its engineers have been deployed to the site to assess the extent of the damage and determine the materials required to restore normal transmission along the corridor.
As an interim measure, the Lafia 330kV Transmission Station is being supplied through an alternative line to minimise the impact on electricity consumers within the franchise areas of Abuja Electricity Distribution Company (AEDC) and Jos Electricity Distribution Company (JEDC).
The company condemned the persistent vandalism of power infrastructure, warning that such acts undermine investments in the electricity sector and threaten the stability of the national grid.
It also urged residents and host communities to remain vigilant and report suspicious activities around transmission installations to security agencies or the nearest TCN office.
TCN stressed that safeguarding critical national infrastructure requires collective responsibility to ensure a reliable and uninterrupted electricity supply nationwide.
General
IFC, NGX Group, LCCI Unveil Nigeria Gender Country Programme
By Aduragbemi Omiyale
A Nigeria Gender Country Programme (NGCP) to advance private sector action on gender equality and inclusive economic growth has been unveiled at a high-level virtual CEO Roundtable convened by the International Finance Corporation (IFC), Nigerian Exchange (NGX) Group Plc, and the Lagos Chamber of Commerce and Industry (LCCI).
The NGCP builds on the momentum of Nigeria2Equal and other initiatives that have advanced workplace inclusion, women’s leadership, entrepreneurship, and sustainable finance across Nigeria’s private sector.
Designed as a more integrated and collaborative platform, the programme seeks to scale impact through coordinated action among development institutions, business leaders, regulators, and the organised private sector.
Anchored on three strategic priorities, the programme aims to increase women’s representation in leadership, improve access to quality employment, and expand access to productive assets—including finance, technology, and markets—for women and women-led businesses.
The partners are expected to formally launch the Nigeria Gender Country Program at a physical event scheduled for July 9, 2026, where stakeholders will further advance implementation of the programme’s strategic priorities.
At the virtual event, the Director General of the Securities and Exchange Commission (SEC), Mr Emomotimi Agama, said, “Gender inclusion is fundamentally an economic growth imperative. Closing gender gaps can unlock billions of dollars in value for Nigeria while strengthening business performance and national competitiveness. We must therefore move beyond viewing inclusion as a corporate social responsibility initiative or compliance exercise, and instead recognise it as a strategic driver of productivity, innovation, and sustainable economic growth.”
Commenting on the initiative, the chief executive of NGX Group, Mr Temi Popoola, said the initiative “presents a significant opportunity to deepen impact and accelerate progress across corporate Nigeria. By expanding women’s access to leadership opportunities, quality employment, finance, technology, and markets, we can unlock substantial economic value while building a more competitive, inclusive, and resilient private sector. At NGX Group, we believe the capital market has a critical role to play in advancing these outcomes through stronger governance, transparency, and stakeholder engagement.”
On his part, the IFC Head of Office in Lagos, Mr Christian Mulamula, said, “Closing the gender gap is one of the most significant opportunities to strengthen competitiveness and productivity. Across Africa, gender inequality is estimated to cost up to $2.5 trillion. Through the Nigeria Gender Country Program, IFC is working with the private sector to expand women’s leadership, improve access to better jobs, and increase opportunities for women-led businesses. Building on Nigeria2Equal, this initiative focuses on practical, measurable solutions that help businesses grow while advancing inclusive growth.”
In her remarks, the DG of LCCI, Ms Chinyere Almona, noted that the programme’s success would depend on leadership accountability and sustained commitment from business leaders, particularly in embedding gender inclusion into organisational strategy and execution.
General
VDR, ECDIS Data Retrieved as NSIB Probes Maersk Vessel Collision at Bonny Anchorage
By Adedapo Adesanya
The Nigerian Safety Investigation Bureau (NSIB) has commenced a forensic investigation into the collision between the container vessel MV Maersk Valparaiso and the oil tanker MT Lady Martina at Bonny Anchorage in Rivers State, following the download of Voyage Data Recorder (VDR) and Electronic Chart Display and Information System (ECDIS) data from the vessel for navigational analysis.
The bureau’s Director of Public Affairs and Family Assistance, Mrs Funke Adebayo Arowojobe, explained that in line with the International Maritime Organisation (IMO) Casualty Investigation Code and international obligations, NSIB had formally notified the Transport Safety Investigation Bureau (TSIB) of Singapore as a substantially interested State.
The incident, which occurred on May 20, 2026, has been classified by the bureau as a Very Serious Marine Casualty (VSMC).
She also said that NSIB activated its marine occurrence response protocols immediately after receiving notification of the incident, noting that the investigation Go-Team was deployed to Onne and Bonny on May 22 to commence evidence preservation and preliminary investigative activities.
The bureau disclosed that investigators boarded both vessels and conducted interviews with their masters and key crew members, while operational records and navigational data linked to the incident were secured.
Also, the director stressed that the bureau had commenced collaborative engagement with relevant local and international stakeholders as part of the investigation process, assuring the public and maritime stakeholders that the investigation would be conducted with professionalism, independence and thoroughness, stressing that the objective was to determine the causal and contributory factors of the occurrence and enhance maritime safety.
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