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Coronation Group Launches Coronation Women Initiative Network to Empower Women in Finance and Technology

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Coronation Group, Africa’s investment management powerhouse, proudly announces the launch of the Coronation Women Initiative Network (Coronation WIN), a transformative program dedicated to empowering women in the finance and technology sectors.

L-R: Chidinma Asuni, Chief Customer Experience Officer, Coronation Group Limited; Ngozi Akinyele, Chief Marketing and Communications Officer, Coronation Group Limited; Pai Gamde, Chairperson, Coronation Women Initiative Network (Coronation WIN); Aigboje Aig-Imoukhuede, Grand Patron, Coronation Women Initiative Network (Coronation WIN); Olushola Coker, Chairperson, Board of Directors, Coronation Trustees Limited; Gloria Onafeko, Independent Non-Executive Director, Trium Limited; Chukwunomnso Anyichie, Chief Risk Officer, Coronation Group Limited; At the launch of Coronation Women Initiative Network (Coronation WIN) in Coronation Plaza, Victoria Island, Lagos, recently.

The historic occasion which took place on Thursday, April 18, 2024, at Coronation Plaza, in Victoria Island, Lagos, brought together employees, executives, and directors across the Coronation ecosystem. Anchored by Joyce Daniels, the event featured captivating spoken word and musical performances by Wana Udobang and Femi Leye respectively.

The launch commenced with a guided tour of the Coronation WIN Hub, where guests took an immersive journey through the innovative program designed to identify, develop, and celebrate female leaders. This was followed by an enchanting art exhibition held at the Coronation Art Gallery, showcasing a collection of African contemporary art, curated by Ugoma Ebilah.

The highlight of the event was the grand launch ceremony, presided over by Aigboje Aig-Imoukhuede, Chairman of Coronation Group and Grand Patron of Coronation WIN, accompanied by board members and executives within Coronation entities. In his address, Aigboje Aig-Imoukhuede emphasized the significance of the occasion, he said: “Today marks a historic moment as we launch Coronation Women Initiative Network. Having witnessed firsthand the transformative power of female leadership, I am proud that Coronation is championing this path towards female empowerment. I urge women to set big and audacious goals for their professional growth, and I look forward to celebrating the collective impact and achievements of Coronation WIN.

Pai Gamde, Chief Talent Officer, Coronation Group and Chairperson of Coronation WIN, underscored the importance of organizing and investing in women’s empowerment, stating, “Coronation Women Initiative Network (Coronation WIN) is existential for us. It aligns with Goal 5 of the 17 Sustainable Development Goals, which emphasizes gender equality and women empowerment. Through Coronation WIN, we aspire to achieve these goals and create a more inclusive and equitable society.”

Guests were treated to a delightful array of food, canapés, drinks, and music, creating a celebratory atmosphere of camaraderie and inspiration.

 

 

 


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E-Business

NDPC to Impose Heavy Fines on Defaulting Data Processors, Controllers this Year

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Nigeria Data Protection Commission (NDPC) has announced plans to significantly ramp up enforcement and impose substantial fines on data controllers and processors that violate the Nigeria Data Protection Act (NDPA) of 2023.

NDPC to Impose Heavy Fines on Defaulting Data Processors, Controllers this Year

Vincent Olatunji, national commissioner/CEO. NDPC

This was disclosed by Dr Vincent Olatunji, national commissioner/CEO of the Commission, in a video message outlining the Commission’s 2025 agenda, shared on the agency’s social media platforms.

A statement issued by the Communications Division of the Commission on Friday quoted Dr Olatunji as saying that, “For data controllers and processors, there is going to be massive enforcement. We have never really issued any fine, but going forward, you’ll hear us giving heavy penalties.”

He assured Nigerians that their data rights, as guaranteed by the NDPA, will be fully protected, and defaulting data controllers and processors will face strict consequences.

The Commissioner highlighted the NDPC’s extensive engagements with stakeholders across public and private sectors to promote awareness and compliance with the Commission’s mandate.

The efforts, he said, have resulted in the signing of Memorandums of Understanding (MOUs) with key organisations, including the National Insurance Commission (NAICOM), National Lottery Regulatory Commission (NLRC), the Data Privacy Office of Canada, and the Dubai International Financial Centre Authority (DIFC), among others.

Dr Olatunji also shared that the NDPC will advance to the second phase of its Strategic Roadmap and Action Plan (NDP-SRAP 2023-2027) in 2025.

This phase is expected to create job opportunities within Nigeria’s data protection and privacy ecosystem, particularly for young people.

The Commission has been actively training Nigerians in data protection and privacy, creating a pool of globally competitive experts within the data protection sector in 2025.

“There are a lot of data controllers and processors that are looking for people to work with them. Now those that we have trained in 2024, those we have certified, we are going to do more this year to actually launch them to the job market where they can really work with data controllers and processors,” he said.

Additionally, the NDPC will continue nationwide efforts to promote data protection awareness.

The Commission aims to educate citizens about their rights and the importance of data privacy while reminding data controllers and processors of their obligations under the NDP Act.

Dr Olatunji emphasised that these initiatives are part of the broader goal to embed a culture of data protection and privacy in Nigeria.

As part of its international engagement efforts, Nigeria will host the “Network of African Data Protection Authorities Conference” in May 2025, with over 40 nations with existing data protection laws expected to attend.

According to Dr Olatunji, this global event will position Nigeria as a leader in the data protection ecosystem, and bring significant economic benefits to the country.

The NDPC reiterated its commitment to ensuring data protection and privacy become integral to Nigeria’s digital landscape, building trust and fostering economic growth, the statement added.


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NIPOST Reports 275 Percent Revenue Growth in 2024

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Nigeria Postal Service (NIPOST), achieved a 275 percent increase in revenue for the year 2024, according to Tola Odeyemi, postmaster general.

NIPOST Reports 275 Percent Revenue Growth in 2024

At the beginning of the year, NIPOST set an ambitious target of generating N10 billion in revenue.

Although specific figures for the end of the year were not disclosed, the reported increase suggests a significant recovery for the postal service, which had previously faced consistent decline.

Odeyemi, who made the disclosure while listing NIPOST’s achievements for the year recently, attributed the growth to a series of reforms aimed at enhancing service quality and eliminating revenue leakages

The NIPOST boss detailed the steps taken to boost revenue, noting the implementation of Point of Sale (PoS) terminals in high-transaction areas, which has streamlined payment processes and improved customer experience.

She said, “One of the major achievements for us in 2024 has been a 275% increase in revenue from 2023. We achieved this by plugging a lot of the revenue leakages that we have by deploying PoS terminals for payment in our high transaction areas, as well as ensuring that our quality of service goes up.”

Looking ahead, Odeyemi outlined NIPOST’s plans to sustain this growth trajectory.

She said the organisation has embarked on renovations and upgrades of key locations in Abuja, Lagos, and Kaduna, alongside enhancements to the Postal Institute, which is central to the agency’s change management initiatives.

Furthermore, she stated that NIPOST is gearing up for several major developments in 2025, including the rollout of a national addressing system and digital postcode services, specialised logistics for agriculture and healthcare, and a relaunch of its financial services.

“There will be infrastructure upgrades, which will take place across the Federation and there will be an increase in access to government services through your local NIPOST location,” she said.


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Firm Unveils Drop App to Revolutionize E-hailing in Nigeria

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Sure Switch Tech, a technology company, has unveiled the Drop App, a ground-breaking e-hailing platform designed to empower drivers and passengers in Nigeria.

The Co- Founder who doubled as the Chief Executive Officer of Sure Switch Tech, Ugbah Chukwuma, during the unveiling in Abuja, disclosed that Drop App is an innovative online motor park that connects drivers and passengers directly, allowing them to negotiate terms and travel with ease and confidence.

Chukwuma noted: “What sets the Drop App apart is its driver-first approach, which ensures that drivers keep more of their earnings, saying Drop App is built for convenience, affordability, and empowerment.  The app provides a low-cost, high-reward platform for drivers and a reliable and flexible service for passengers.”

According to him, “we understand the challenges that many Nigerian drivers face, and we designed the Drop App to provide real solutions. We are committed to driving innovation, empowering communities, and creating platforms that prioritise fairness and opportunity for all.

He further explained that Sure Switch Tech is a leading technology company dedicated to creating innovative solutions that empower communities and drive growth, stating.

“Today, we launched the Drop app, a platform that redefines e-hailing and transportation in Nigeria. At Trust Tech Limited, we are committed to creating technologies that address existing challenges and empower the communities we serve.

“The Drop app is more than just an e-hailing app; it’s an online motor park, a digital hub where drivers and passengers can connect directly, negotiate terms, and travel with ease and confidence.

“What sets Drop apart is its driver-first approach. We don’t refer to drivers as drivers; we call them our partners. We’ve chosen a different path, where no commissions are deducted from drivers’ earnings. Drivers get 100% of their earnings and pay only a flat rate of N500 for 24-hour service on our platform.

“Another key feature of Drop is the freedom for drivers and passengers to negotiate ride prices directly. We ensure transparency, fairness, and mutual agreement. The Drop app is built for convenience, affordability, and empowerment.

“It enables drivers to scale their business and support their families. For passengers, it’s a low-cost, high-reward platform that guarantees value for money. It’s a reliable, flexible service that accommodates their preferences and budget.”


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