General
Nigeria Must Probe Death of Channels TV Reporter—CPJ
Authorities in Nigeria have been charged to commence an immediate investigation into the death of a reporter for the privately owned Channels TV, Precious Owolabi, who died from a gunshot wound he sustained while covering a protest by members of the Islamic Movement in Nigeria, which later turned violent, with a senior cop shot dead and nine others killed.
During the July 22 demonstration in Abuja, the protesters, who were demanding for the release of their leader, Mr Ibrahim El Zakzaky, had a confrontation with the police, who allegedly opened fire on them.
After he was hit by a stray bullet, Mr Owolabi was taken to a hospital, but died later in the day and was buried on Thursday in Kaduna, where his parents reside.
Commenting on the incident, CPJ Africa Program Coordinator Angela Quintal, said, “A swift and credible investigation into the shooting that killed Precious Owolabi is critical for journalists in Nigeria to believe the government is committed to their safety, adding that, “Journalists should never be targeted during the course of their work, and when members of the press are harmed, those responsible must be held accountable.”
Tavershima Adongo, a medical and health consultant with the Premium Times Centre for Investigative Journalism, told CPJ that he watched the confrontation from the window of a ministry of health building.
“I think he [Owolabi] still wanted to record the event, so he moved closer to the crowds and they shot him,” Adongo said, adding that he “couldn’t tell exactly which side” the bullet came from because his view of the journalist at that moment was obstructed by a parked car.
Mr Adongo said the shot that hit Owolabi came after police fired tear gas and some protesters had advanced toward the police. “[Owolabi] was in between [the protesters and police]. He didn’t leave his position. Maybe he thought perhaps he was not going to be harmed…the police took him away [after he was hit],” Adongo said.
A journalist who was at the scene, but requested anonymity for fear of reprisal, told CPJ he saw police fire their guns and that he did not see protesters with firearms.
Police spokesperson, Mr Frank Mba, told CPJ via phone that as well as Owolabi, deputy police commissioner Usman Umar was shot and died from his injuries.
Mba said, “The first hypothesis is that these guys were all shot by the protesters and the deputy commissioner of police was shot point blank, at close range, by the protesters.”
When asked if the police had fired shots during the confrontation, Mr Mba said, “When the rioters started shooting at the policemen, they [policemen] needed to fire shots into the air to let [the protesters] know that [the police] equally have weapons. They fired warning shots. When we handle protesters in this country we are guided by the principle of proportionality of force and we will always adhere to our rules of engagement and international best practices.”
Adullahi Muhammed, the Islamic Movement in Nigeria’s secretary to the academic forum, told CPJ that he was at the front of the protest and did not see any protesters with firearms. He added that some threw rocks at police after police began shooting.
John Momoh, the chairman of Channels TV’s parent company, Channels Media Group, has asked police to open an investigation into Owolabi’s killing, according to a report on the Channels TV website.
Suleiman Aliyu, another member of Nigeria’s National Youth Service Corps and a reporter with the Daily Leadership A Yau, the Hausa language service of the Leadership newspaper, was also shot and injured at the protest, but he was not reporting at the time, according to the Leadership.
Nigerian President Muhammadu Buhari tweeted condolences to the families of Owolabi and Umar.
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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