General
NDLEA Seizes N9.8bn Codeine Syrup at Onne Port
By Adedapo Adesanya
The National Drug Law Enforcement Agency (NDLEA) has intercepted another batch of seven containers bearing 1,229,400 bottles of codeine syrup worth N9.8 billion at the Onne port.
The latest seizure made on Thursday, July 18, 2024, is the fourth and last set of such consignments that have been under the watchlist of the agency’s Maritime Special Operations Unit Targeting Team, which worked in partnership with the Port Harcourt Ports Command of the Agency and other security agencies, including the Customs Service for a 100 per cent joint examination of the targeted containers.
Three weeks ago, NDLEA seized 6,125 cartons of the same product containing 1,050,000 bottles worth N7.35 billion in street value, at the Port Harcourt Ports complex, Onne, Rivers state.
A statement by the Director of Media and Advocacy at NDLEA in Abuja, Mr Femi Babafemi, said the feat was achieved following credible intelligence and months of diligent tracking of the consignments from their port of departure.
“At the joint examination of the containers with other security agencies on Thursday, all seven containers were found bearing a total of 8,774 cartons of codeine-based cough syrup with 1,229, 400 bottles weighing 184,410 kilograms.
“A breakdown of the shipments that came from India via the Maersk Vigo Vessel shows that the container marked SEKU 6439421 has 875 cartons with 175,000 bottles of codeine weighing 26,250kg,” the statement released on Friday said.
Other items in the container include 70 cartons of chilli cutters and 55 cartons of Hyregra tablets weighing 1,100kg.
Another container marked CMAU 9410422 contains 875 cartons of codeine with 175,000 bottles weighing 26,250 kg.
Other items in the container include 15 cartons of chilli cutters and 60 cartons of Hyregra tablets weighing 1,200 kg.
Also, the container marked TLLU 7595503 has a total of 1,754 cartons of codeine syrup containing 179,400 bottles weighing 26,910kg.
Four other containers marked: TRHU 515117; CMAU 7877125; CMAU 8533700; and CMAU 3882205, contain 175,000 bottles of the same substance each in addition to other items such as chilli cutters, cartons of Hyregra tablets and diclofenac used to mask the shipments.
Speaking on the latest move, the Chairman/ Chief Executive of NDLEA, Mr Mohamed Marwa, commended all the officers, men and women of the various formations of the agency that had been working on the targeted containers for months for their diligence, vigilance and professionalism.
He equally praised the support received from other stakeholders at the ports, that enabled the seamless and successful operations in the course of targeting the shipments.
He said the operation, which had inflicted heavy losses on the cartels behind the shipments, had further degraded their capacity and financial base.
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.
General
IWD: Dolapo Akanbi-Alade of Pathway Holdings Urges Stronger Inclusion of Women in Finance
By Adedapo Adesanya
The Executive Director/GCOO of Pathway Holdings Limited, Mrs Dolapo Akanbi-Alade, has called for increased inclusion of Nigerian women in finance as the world marks International Women’s Day 2026.
International Women’s Day 2026 is marked every March 8, and this year’s theme is Give To Gain.
In a statement shared with Business Post, Mrs Akanbi-Alade noted that while International Women’s Day highlights the need for gender equality, significant progress requires deliberate policies and systems that expand women’s access to finance and leadership opportunities.
She emphasised that many Nigerian women and women-led businesses still face limited access to finance, highlighting the urgent need for targeted inclusion initiatives.
“At Pathway Holdings, we empower women and give access to investment advisory, asset management, and lending solutions for institutions, high-net-worth individuals, and businesses. Ensuring that women and women-led enterprises can access these opportunities is critical to building a more inclusive financial system,” she added.
Mrs Akanbi-Alade said, “Women’s access to finance is not only a social responsibility but essential for national productivity and economic growth’’. She co-founded the following companies:
Pathway Asset Management Limited is registered and regulated by the Securities and Exchange Commission, Nigeria, as a Fund and Portfolio Manager. The product range includes Pathway Fixed Deposit Notes, Privately Managed Notes, Pathway Private Portfolio Management, Investment Advisory, and Mutual Funds, which will be launched soon.
Pathway Advisors Limited is registered and regulated by the Securities and Exchange Commission (SEC) as an Issuing House and financial adviser. Pathway Advisors’ services cover Mergers and Acquisitions (M&A), Capital-Raising, Financial Advisory, Rating Advisory, and Project and Structure Finance.
Fundbox Financial Services Limited is a wholly owned micro-lending company providing short-term personal and SME finance loans to salaried individuals, self-employed personnel, and small businesses. They offer services which include Cars4Cash, SME Loans, Personal Loans, and Group Employee Loans. Fundbox has successfully disbursed a wide range of loans to both corporate and individual clients, supporting their financial needs and business growth.
Pathway Holdings Limited is a notable investment holding firm focusing on private market investments, including private equity, private credit, and infrastructure. Pathway creates customised investment solutions for institutional investors and individuals, leveraging its extensive experience and local footprint.
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