Author: TheLagosianMagazine

By Jimmy Fatunbi In celebration of Eid-el-Kabir, the Executive Chairman of Onigbongbo LCDA, Hon. Moyosore Adebanjo, carried out a wide-reaching Sallah support initiative across communities, traditional institutions, religious bodies, markets, transport unions, and security agencies within the LCDA. The Chairman graciously approved the distribution of #500,000 Naira and 5 bags of rice each for every ward and L.G.A. He distributed rams, bags of rice and cash to seven Baales; rams and bags of rice to markets; rice and rams to Transport Union; cows, rice and Cash to Kabiyesi Onigbongbo and Oregun; seventy- seven rams and bags of rice; bags of…

By El-ameen Ibrahim A new wave of grassroots transformation is steadily reshaping Mbaitoli/Ikeduru Federal Constituency in Imo State, driven by the purposeful and people-oriented leadership of Hon. Engr. Akarachi Amadi, the federal lawmaker representing the constituency in Nigeria’s House of Representatives. It is instructive to know that Amadi’s stellar performance is being acknowledged and appreciated by the people of Mbaitoli/Ikeduru who voted massively for his re-election during the All Progressives Congress (APC) House of Representatives primary election where he was returned unopposed with the APC ticket — to continue his impactful representation at the Green Chamber In the APC primary…

Nigeria’s microfinance sector recorded a significant milestone as LAPO Microfinance Bank (LAPO MfB) has become the first in its category to enter the Voluntary Adoption Stage of financial reporting compliance under the Financial Reporting Council of Nigeria. The development also positions the institution as the first microfinance bank in the country to adopt International Financial Reporting Standards (IFRS 1 and IFRS 2), marking a shift towards stronger financial transparency and global reporting alignment within the sub-sector. The Voluntary Adoption Stage requires institutions to formally register their commitment to adopting approved reporting standards ahead of full compliance. Industry observers note that…

By Peter Omopo President Bola Ahmed Tinubu on Sunday formally accepted the presidential nomination of the All Progressives Congress (APC) for the 2027 general election, pledging to consolidate ongoing reforms aimed at reshaping Nigeria’s economy and governance structure. Speaking at the Bola Ahmed Tinubu International Conference Centre in Abuja before party leaders, governors, and delegates, the President said the mandate of his administration remains unfinished and required continuity to sustain what he described as emerging progress. “In 2022, our task was to chart a new direction for our party and nation. Today, our task is to affirm that continuity is…

LAPO Microfinance Bank (LAPO MfB), a premium financial institution has joined millions across the continent to commemorate Africa Day 2026, celebrating Africa’s rich heritage, resilience, and collective aspirations for sustainable development and economic prosperity. Marked annually on May 25, Africa Day honors the founding of the Organization of African Unity (now the African Union) and serves as a moment of reflection on the continent’s progress and shared future. This year’s commemoration comes at a critical time as African institutions, governments, and private sector players intensify efforts toward inclusive growth, financial empowerment, and sustainable development. In a statement released to mark…

LAPO Microfinance Bank has reaffirmed its commitment to supporting small businesses after clinching the awards for Best Microfinance Bank Supporting Small Businesses and Microfinance Bank of the Year 2025 at the 6th edition of the Nigeria National SME Business Awards. The prestigious recognition was conferred by the Association of Small Business Owners of Nigeria (ASBON) in collaboration with the Lagos State Ministry of Commerce, Cooperatives, Trade and Investment, in acknowledgement of the Bank’s sustained contributions to the growth and sustainability of small and medium enterprises (SMEs) across Nigeria. According to the organisers, the awards recognise LAPO MfB’s measurable impact in…

In a move to bridge the widening climate adaptation funding gap for smallholder farmers, LAPO Microfinance Bank (MfB), in collaboration with the World Savings and Retail Banking Institute (WSBI), is set to unveil the outcomes of a pilot initiative designed to deliver climate-smart and gender-inclusive finance to rural farmers across Nigeria. The initiative, announced in a statement on Monday, directly targets barriers that have long restricted access to climate finance, particularly for women and smallholder farmers who remain the most vulnerable to environmental shocks. According to the bank, the programme leverages cutting-edge tools developed by the Food and Agriculture Organization…

LAPO Microfinance Bank Limited has announced its 15th Annual General Meeting (AGM) bringing together shareholders, board members, regulatory stakeholders, development partners, and key actors in Nigeria’s financial services sector to review the Bank’s performance and strategic direction. A statement from the bank today said the AGM will provide a platform for the Bank to present its audited financial statements, highlight key operational milestones, and outline its continued commitment to deepening financial inclusion, strengthening micro, small and medium enterprise (MSME) financing, and advancing sustainable banking practices across Nigeria. Over the years, LAPO Microfinance Bank has maintained its position as one of…

At the heart of global economic development lies a persistent paradox: micro, small, and medium enterprises (MSMEs), widely acknowledged as engines of growth, yet they remain critically underserved by the very financial systems designed to support them. This contradiction continues to shape global discourse, including at the SDG Investment Fair convened by the United Nations, where policymakers, financial institutions, and development leaders gathered to interrogate one pressing question—why does the MSME financing gap persist despite increasing global capital flows? At this high-level engagement, Cynthia Ikponmwosa, Managing Director of LAPO Microfinance Bank, joined global leaders including Peter Simon of the World…

LAPO Microfinance Bank (LAPO MfB), a premium financial institution, has once again demonstrated its leadership and impact within the financial services sector, emerging as one of the biggest winners at The Industry Awards 2026. At the highly anticipated event, LAPO MfB clinched three major awards, reaffirming its commitment to excellence, sustainability, and stakeholder engagement: Outstanding Social Impact Company of the Year, Most Outstanding Microfinance Bank of the Year and Outstanding Communications Personality, awarded to Oluremi Akande. These recognitions underscore LAPO MfB’s consistent efforts in driving financial inclusion, empowering underserved communities, and setting benchmarks in corporate communications and reputation management. Speaking…