General
NSCDC Says Rumuekpe Explosion Should Be Big Lesson to Vandals
By Adedapo Adesanya
The Nigeria Security and Civil Defence Corps (NSCDC) has said that the pipeline fire explosion in Rumuekpe, Emuoha Local Government Area of Rivers State, which killed at least 12 persons at the weekend, should be a big lesson to perpetrators and intending perpetrators of illegal oil bunkering activities.
It condemned the illegal oil bunkering activities in the area, which led to the explosion that claimed the lives of about 12 people whose identities are yet unknown, while five cars and four tricycles were burnt to ashes.
The Rumuekpe fire explosion, which occurred at an illegal crude oil tapping point from a pipeline operated by the Shell Petroleum Development Company of Nigeria Limited, came about 18 months after a similar fire explosion rocked an illegal refining site in the area in 2021, killing at least 22 persons.
Speaking, the Rivers State Commandant of NSCDC, Mr Michael Ogar, while on an assessment tour to the scene of the incident, condemned the defiant behaviour of those engaging in illegal oil bunkering activities in the community.
Mr Ogar maintained that though the Command condoles with the families of those who lost their lives in the incident, this should be a very big lesson to perpetrators of such a heinous act.
He explained that several attempts were made to combat illegal oil bunkering in Rumuekpe by the command’s anti-vandal operations when several illegal refineries were destroyed, but it was unfortunate that the vandals have unrepentantly continued in the illegal oil bunkering business.
“Our Antivandal Squad repeatedly destroyed a good number of illegal refineries in the area, but as you destroy one, they refabricate another, there were times our personnel were repelled during operations, but we stood firm and undeterred. This should be a warning signal to all unrepentant vandals and perpetrators of illegal dealings in petroleum products.”
The NSCDC boss in Rivers State further reiterated the need for collaborative efforts of security agencies to strengthen the fight against illegal dealings in petroleum products in the area and the entire state.
He also called on the traditional institutions, opinion leaders, and respective stakeholders to put all hands on deck in order to end illegal oil bunkering activities in the various communities across the state.
Mr Ogar urged members of the public to freely relay credible information to the NSCDC, being the lead agency in the fight against vandalism of oil pipelines and the overall safeguarding of all critical national assets and Infrastructures in the State.
“While soliciting for actionable intelligence and credible information from the public, let me use this opportunity to also call on the Multinationals to see the need for collaborations with the security agencies in the provision of advanced technological equipment that would effect signal and raise the alarm when oil pipelines are being tampered with.”
He further disclosed that the Command’s Disaster Management Department was assisting in the rescue operations and would continue to patrol the area to forestall escalations and further disaster.
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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