General News
Buhari/Fashola Ticket as Buhari Borrows N27.5m for Form

All Progressive Congress (APC) would win the 2015 presidential elections if the party picks Maj.-Gen. Muhammadu Buhari (rtd.) as its presidential candidate and Mr. Babatunde Fashola, Lagos State Governor, as the running mate, according to Chief Ayo Akande, a leader of APC in Lagos.
In a statement yesterday, Akande, said that a Buhari/Fashola ticket is the “best option” for the party because of their good antecedents.
This is coming as Buhari, who is running for the fourth time, also claimed he borrowed N27.5 million for the expression of interest and nomination forms to run for the nation’s highest office on the platform of the APC.
But Akande said that the combination of Buhari and Fashola would be the perfect option to seize power from the PDP in the presidential election.
According to Akande, the Buhari/Fashola ticket was his personal suggestion and that corruption would be effectively curbed in the country while poverty would be drastically reduced to the barest level if the APC considers the option.
“A Buhari/Fashola combination stands to offer lot of advantages. We all know Buhari as a man of good virtue, who did not corruptly enrich himself. The APC stands a better chance to defeat President Goodluck Jonathan who has been endorsed as the sole candidate of the PDP for the 2015 presidential election.
“A Buhari/Fashola team would give the Peoples Democratic Party a good fight in the presidential elections.
“The antecedents of Buhari as a military head of state in terms of war against indiscipline and corruption and Fashola’s self-discipline and accountability would give the APC the long-sought exalted seat of the president of the country.”
Buhari If he emerges the APC candidate, the former military ruler will be contesting the presidency for the fourth time.
He contested against ex-President Olusegun Obasanjo in 2003 on the platform of the defunct All Nigeria Peoples Party and against the late former President Umaru Yar’Adua in 2007, also on the platform of the ANPP. In 2011, he was also the presidential candidate of the defunct Congress for Progressive Change.
Both the ANPP and CPC merged with the defunct Action Congress of Nigeria to become the APC.
Meanwhile, Buhari claimed yesterday that “It’s a pity I couldn’t influence this amount to be put down as in the case of ladies and the disable that intend to participate. I always look left and right in our meetings but I could not read sympathy, so I kept my trap.
“But I felt heavily sorry for myself because I don’t want to go and ask somebody to pay for my nomination forms, because I always try to pay myself, at least for the nomination.
“N27 million is a big sum, thankfully I have personal relationship with the manager of my bank in Kaduna and I told him that very soon the forms are coming, so, whether I am on red, or green or even black please honour it otherwise I may lose the nomination.
“I was about to go to Kaduna this morning and I told the Chairman but he said in that case, you better pick your form and keep a straight face that means there is no excuse,” Buhari said.
General News
Burna Boy Distances Himself from Meme Coin, Labels Crypto as Fraud

Burna Boy, Grammy-winning Nigerian artist, has publicly distanced himself from a meme coin circulating online that falsely uses his name and image for promotion.

Burna Boy
In a statement shared via Instagram, the Afrobeats star made it clear that he has no involvement in any cryptocurrency ventures, describing such schemes as fraudulent.
His comments come amid growing traction of a meme coin allegedly linked to him, which has been circulating on social media platform X (formerly Twitter).
“I don’t do any internet ‘coin’ business. I see it as fraud and I have no interest in any of that,” Burna Boy wrote. “So if you see anyone using my name for such, please disregard or report them.”
The singer urged fans to remain vigilant and to report anyone promoting the crypto project under false pretenses.
General News
AM Best Reaffirms Stable Outlook for Cyber Insurance Market

AM Best has reaffirmed its stable outlook for the global cyber insurance market. The rating agency notes that strong demand for cyber insurance coverage is expected to continue, supporting profitability across the sector despite intensifying competition.
Atlas Magazine reports that the small and medium-sized enterprise (SME) segment presents a key growth opportunity, as many SMEs remain underinsured or lack sufficient cyber coverage.
Rising awareness of cyber threats has also led policyholders to enhance their IT security measures, helping reduce potential losses in the event of a claim.
AM Best’s outlook is further supported by several factors, including sustained capital inflows from reinsurers and alternative capital providers, the use of artificial intelligence for more effective risk selection, and favorable regulatory developments.
According to Munich Re, global cyber insurance premiums reached $15.3 billion in 2024, climbing seven per cent year-on-year.
The market is projected to grow at an average annual rate exceeding 10 per cent through 2030.
However, the industry continues to grapple with challenges such as a rise in ransomware attacks, business email compromise, and payment fraud. The growing use of AI by cybercriminals is also amplifying the scale and sophistication of such attacks.
General News
Woodhall Capital and Partners Launch ₦1.5Bn Fund

Woodhall Capital in partnership with Polaris Bank, Lagos and UK governments have announced the launch of a ₦1.5 billion Creative Sector Fund aimed at expanding access to structured financing for creative entrepreneurs meant to scale their output across fashion, film, music, and digital content.

L-R- Abimbola Ozomah, Executive Director, Polaris Bank; Mojisola Hunponu-Wusu, Founder/CEO, Woodhall Capital; Sola Carrena, MD/CEO, Helios Investment; Onyinyechi Aderigbigbe, Head, Brands & Marketing, Woodhall Capital; Jonny Baxter, British Deputy High Commissioner at the signing ceremony of the N1.5bn Creative Sector Fund & Launch of the Creative Currency Podcast at the weekend, Lagos
The fund was unveiled during the launch of the Creative Currency Podcast, an initiative designed to foster collaboration between creatives, financiers, policymakers, and global stakeholders.
The platform will serve as both a podcast and policy engagement forum, tackling long-standing challenges such as limited access to finance, weak Intellectual Property(IP) enforcement, and the absence of scalable business infrastructure within the creative ecosystem.
In May 2022, Polaris Bank partnered with the Lagos State Employment Trust Fund (LSETF) to establish a ₦1 billion funding initiative targeted at artisans in Lagos State.
The objective of the partnership was to deliver critical financial support to empower skilled artisans and entrepreneurs within the MSME sector who had maintained active business operations for at least one year ultimately fostering wealth creation and economic inclusion across the state.
At the launch event held on Thursday evening at the Ikoyi residence of the British Deputy High Commissioner, Polaris Bank’s Executive Director, Abimbola Ozomah, who sat on a panel at the launch, emphasized that the fund is a long-overdue response to the structural exclusion of creatives from formal financing systems. She described the initiative as a deliberate attempt to recognize creative endeavours, intellectual property as a bankable asset and to build a framework where creatives are treated as serious entrepreneurs capable of generating significant economic value.
“This fund represents more than capital, it reflects our belief in Nigerian creativity as a global force,” said Polaris Bank’s Executive Director, Abimbola Ozomah. “We’re not just exporting talent. We’re exporting ownership, structure, and long-term value.”
Founder and CEO of Woodhall Capital, Mojisola Hunponu-Wusu, reiterated the urgent need to redefine how the financial system engages with the creative sector. She committed to providing bespoke financial products, advisory services, and investor-matching support tailored specifically for the needs of creative MSMEs.
The UK Government, through the British Deputy High Commissioner, Mr. Jonny Baxter, highlighted its longstanding commitment to Nigeria’s creative economy. The UK-Nigeria Creative Industries Partnership signed in 2024 was cited as a milestone in unlocking trade, investment, and collaborative opportunities between both countries. The Deputy High Commissioner praised the initiative as a blueprint for global creative cooperation.
The Lagos State Government, a key driver of the initiative, reaffirmed its ambition to cement Lagos as Africa’s creative capital. According to the Governor’s representative, Representing the Governor, Mrs. Folashade Ambrose-Medebem, Honourable Commissioner for Commerce, Cooperatives, Trade and Investment, highlighted the state’s efforts in supporting the sector through progressive policy reforms, infrastructure development, and the provision of zero-interest loans of up to ₦10 million via the Lagos Creative Fund. These measures are designed to empower creatives to scale operations, access markets, and formalize their business practices.
The newly launched Creative Currency Podcast is positioned to be more than a media channel. It is a knowledge-sharing ecosystem that brings together local talents, international investors, legal experts, and cultural stakeholders to explore opportunities, identify risks, and share solutions that will elevate Nigeria’s creative industries to global standards.
Throughout the panel sessions, panelists emphasized the need for deeper structure, transparency, and professionalism in the sector. Creators were encouraged to develop clear business plans, maintain accurate financial records, formalize their operations, and assert their rights to royalties and IP protection.
As conversations deepened, financial institutions acknowledged the need for a mindset shift. Traditional risk models, they agreed, must be reimagined to reflect the unique nature of creative enterprises many of which are driven by intangible assets, flexible revenue models, and export potential.
The event concluded with a call to action: invest in the systems, not just the stories. Stakeholders were unanimous in their belief that a more structured, collaborative, and well-capitalized creative economy will deliver jobs, exports, and global relevance for Nigeria.
Polaris Bank has built a strong footprint in financing MSME by committing billions of naira in loans to support MSME operations in Nigeria, with huge lending portfolio dedicated to empower micro, small, and medium businesses meant to grow businesses, create jobs, and build wealth.
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