NEM Group Celebrates Strong 2025 Performance, Rewards Outstanding Staff
By Taiye Olayemi
Lagos, Dec. 22, 2025 (NAN) – In a clear signal of confidence and strategic momentum, NEM Group has announced a series of ambitious expansion plans and a significant staff reward program, following what it describes as an exceptionally positive performance in 2025. The Group is leveraging this success to double down on its core philosophy: that sustainable growth is built on a foundation of empowered people and exceptional service.
The announcements were made at the Group’s 2025 end-of-year thanksgiving service in Lagos, an event that convened staff from its three key subsidiaries—NEM Insurance Plc, NEM Asset Management, and NEM Health—alongside clients and partners. This gathering underscored the integrated, multi-faceted nature of the Group’s operations in Nigeria’s financial and health sectors.
Strategic Performance and Recognition
Group Chairman, Mr. Tope Smart, attributed the year’s success to a potent mix of strategic focus, employee dedication, and deepening customer trust. “We not only met but exceeded our projections for the year,” Smart stated. He highlighted that the collective strength of the subsidiaries had earned NEM Group several prestigious industry awards and recognitions, reinforcing its market position.
This performance is not an isolated event but the result of deliberate, “people-focused” strategies. For readers in the corporate and financial sectors, this serves as a practical case study: aligning employee incentives with long-term strategic goals (like service delivery and customer confidence) can directly translate to exceeding financial targets and earning market credibility.
Ambitious Expansion: A Deep Dive into the 2026 Blueprint
Moving beyond celebration, Mr. Smart unveiled a concrete and aggressive growth strategy for the coming year, providing unique insight into the Group’s vision:
- Geographic Expansion: Having already opened two new domestic branches in 2025, the Group plans to establish foreign branches across Africa in 2026. This marks a pivotal shift from a Nigerian powerhouse to a pan-African financial services player, aiming to capture market share in regions with growing insurance and asset management demand.
- Product Portfolio Diversification: A key tactical move is the planned acquisition of a Life Assurance licence. This would allow NEM Insurance to offer a complete suite of protection products—from general insurance (like motor, fire) to life and health covers—creating a “one-stop-shop” for clients and unlocking significant cross-selling opportunities within the Group’s ecosystem.
Mr. Andrew Ikekhua, Managing Director of NEM Insurance Plc, echoed this forward-looking sentiment, emphasizing continued investment in people and technology. “Our commitment is to enhance operational efficiency and customer satisfaction at every touchpoint,” he said. This indicates that the expansion will be supported by backend system upgrades, ensuring scalability and maintaining service quality.
Investing in the Human Capital Engine
True to its stated principles, the Group made a substantial investment in recognizing the individuals who drove its success. The employee awards ceremony was a central part of the event, serving as a powerful internal motivator and a public statement of corporate values.
2025 Award Recipients:
- Best Staff of the Year (NEM Insurance Plc): Miss Damilola Ajewole (Legal and Compliance)
- Best Manager of the Year: Mr. Julius Elusakin (Strategy Unit, NEM Insurance Plc)
- Best Staff of the Year (NEM Health Ltd.): Miss Pham Blessing Nnyagu
- Best Staff of the Year (NEM Asset Management Ltd.): Mr. Oluwaseun Adeoye
Furthermore, in a nod to legacy and loyalty, the Group honored retiring staff members, Mr. James Onorienbohwo and Mr. Amos Omolewa, for their years of dedicated service. This balanced recognition of both high-performing new-generation talent and retiring veterans fosters a culture of respect and long-term commitment.
Conclusion: A Model of Integrated Growth
NEM Group’s 2025 narrative provides a comprehensive blueprint for corporate growth in emerging markets. It demonstrates a virtuous cycle: focus on staff and service → drive strong performance → reinvest profits into recognition, system upgrades, and strategic expansion. The planned move into life assurance and across African borders positions the Group not just as a company celebrating a good year, but as a formidable, integrated financial services conglomerate laying the groundwork for its next decade of growth. The challenge for 2026 will be executing this complex expansion while maintaining the people-centric culture that fueled its current success.
(NAN) (www.nannews.ng)
PTB/AWA
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Edited by Olawunmi Ashafa
