News Wings

Tag: CFR

  • Zenith Bank emerges Nigeria’s Best Bank at Euromoney Awards for Excellence 2025

    Zenith Bank emerges Nigeria’s Best Bank at Euromoney Awards for Excellence 2025

    Zenith Bank Plc has been named “Nigeria’s Best Bank” at the Euromoney Awards for Excellence 2025, emerging as Nigeria’s standout performer, and clinching the biggest and most coveted country award. The award, which was presented to the bank on Thursday, July 17, 2025 at The Peninsula, London, is a testament to its commitment to delivering exceptional banking services, innovative products and superior value to its customers and shareholders.

    Euromoney’s Awards for Excellence are one of the most highly coveted awards that matter to banks and bankers who matter. The annual Awards for Excellence celebrates financial institutions that demonstrate leadership, innovation, and resilience in their markets, with this year’s edition seeing a record number of over 770 entries from world-class financial institutions including HSBC, Morgan Stanley, CitiBank, Barclays, Standard Bank and Development Bank of Singapore (DBS), amongst others.

    Commenting on the award, the Group Managing Director/Chief Executive of Zenith Bank Plc, Dame Dr. Adaora Umeoji, OON said, “We are absolutely thrilled to be recognized as Nigeria’s Best Bank by Euromoney. This award is not just a testament to our relentless pursuit of excellence, but also a validation of the unwavering trust and confidence our customers have placed in us. We are once again reminded that our success is not just about us, but about the impact we continue to have on the financial ecosystem. We will continue to work tirelessly to support the growth and development of our economy and uphold the highest standards of governance, integrity and transparency that has earned us this recognition”.—– Download Omega News App —–

    She dedicated the award to Zenith Bank’s customers across the globe for their loyalty, and to the Founder and Chairman, Jim Ovia, CFR, for his visionary leadership and commitment to excellence which formed the foundation for the bank’s successes. She also thanked the Board for their guidance, as well as the staff for their unwavering dedication to building a formidable and best in class global financial institution that will outlive generations.

    Zenith Bank’s track record of excellent performance has continued to earn the brand numerous awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year in the 2025 Top 1000 World Banks Ranking, published by The Banker. The Bank was also awarded Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022 and 2024; Best Bank in Nigeria from 2020 to 2022, 2024 and 2025, in the Global Finance World’s Best Banks Awards; Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023; and was listed in the World Finance Top 100 Global Companies in 2023.

    Further recognitions include Best Commercial Bank, Nigeria for five consecutive years from 2021 to 2025 in the World Finance Banking Awards and Most Sustainable Bank, Nigeria in the International Banker 2023 and 2024 Banking Awards. Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for four consecutive years from 2022 to 2025 and ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.

    The Bank’s commitment to excellence saw it being named the Most Valuable Banking Brand in Nigeria in The Banker’s Top 500 Banking Brands for 2020 and 2021, Bank of the Year 2023 and 2024 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and in 2024 at the BAFI Awards. The Bank also received the accolades of Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards.

    Zenith Bank was also named Most Responsible Organisation in Africa, Best Company in Transparency and Reporting and Best Company in Gender Equality and Women Empowerment at the SERAS CSR Awards Africa 2024; Bank of the Year 2024 by ThisDay Newspaper; Bank of the Year 2024 by New Telegraph Newspaper; and Best in MSME Trade Finance, 2023 by Nairametrics. The Bank’s Hybrid Offer was also adjudged ‘Rights Issue/ Public Offer of the Year’ at the Nairametrics Capital Market Choice Awards 2025.

  • Zenith Bank Tops Nigerian Chart Again In 2025 World Banks’ Ranking, Ranked 581st Globally With $2 Billion Tier-1 Capital

    Zenith Bank Tops Nigerian Chart Again In 2025 World Banks’ Ranking, Ranked 581st Globally With $2 Billion Tier-1 Capital

    Zenith Bank Plc has once again retained its position as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year, according to the 2025 Top 1000 World Banks’ Rankings published by The Banker, a publication of the Financial Times Group, United Kingdom.

    In the global standings, Zenith Bank was ranked 581st in the world, backed by a solid Tier-1 Capital base of $2 billion. This firmly places the Nigerian banking giant among the leading financial institutions globally.

    The global ranking featured in the July 2025 edition of The Banker was based on Tier-1 capital figures as of the end of 2024. Tier-1 capital remains the most widely recognized metric used by international financial bodies and analysts to assess the strength and stability of banks worldwide.

    Commenting on this achievement, the Group Managing Director/CEO of Zenith Bank Plc, Dame (Dr.) Adaora Umeoji, OON, said, “We are thrilled to have retained our position yet again as the Number One Bank in Nigeria by Tier-1 capital for the 16th consecutive year.

    “This achievement is a reflection of the bank’s robust financial performance, prudent risk management and steadfast dedication to delivering exceptional value to our customers and stakeholders”.

    She thanked the Founder and Chairman, Jim Ovia, CFR, for his visionary and transformative leadership, which has played a pivotal role in cultivating a resilient and thriving institution.

    Dame (Dr.) Umeoji also expressed her deepest appreciation to the bank’s esteemed customers for their continued loyalty to the Zenith brand, the Board for the sound corporate governance, and the staff for their relentless & tireless efforts in ensuring the bank’s success.

    Tier-1 Capital described capital adequacy, the core measure of a bank’s financial strength from a regulator’s perspective.

    According to the ranking, Tier-1 Capital, as defined by the Bank for International Settlements (BIS) guidelines, includes loss-absorbing capital, i.e., common stock, disclosed reserves, retained earnings, and minority interests in the equity of subsidiaries that are less than wholly owned.

    A strong Tier-1 capital ratio boosts investor and depositor confidence, indicating the Bank is well-capitalised and financially stable.

    According to the audited financial results for the 2024 financial year presented to the Nigerian Exchange (NGX), the Bank recorded a double-digit growth of 86% in gross earnings, increasing from N2.13 trillion in 2023 to N3.97 trillion in 2024.

    This growth was driven by a 138% increase in interest income, supported by investment in high-yield government securities, and growth in the Bank’s loan book. Zenith Bank’s profit before tax (PBT) rose by 67%, reaching N1.3 trillion in 2024 from N796 billion in 2023.

    However, this performance saw the bank record an unprecedented total dividend payout of N195.67 billion at N5.00 per ordinary share in the 2024 financial year.

    Zenith Bank’s track record of excellent performance has continued to earn the brand numerous awards including being recognised as the Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020, 2022 and 2024; Best Bank in Nigeria from 2020 to 2022, 2024 and 2025, in the Global Finance World’s Best Banks Awards; Best Bank for Digital Solutions in Nigeria in the Euromoney Awards 2023; and being listed in the World Finance Top 100 Global Companies in 2023.

    Further recognitions include Best Commercial Bank, Nigeria for four consecutive years from 2021 to 2024 in the World Finance Banking Awards and Most Sustainable Bank, Nigeria in the International Banker 2023 and 2024 Banking Awards. Additionally, Zenith Bank was acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards from 2022 to 2024 and ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.

    Zenith Bank’s commitment to excellence saw it being named the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands for 2020 and 2021, Bank of the Year 2023 and 2024 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and in 2024 at the BAFI Awards.

    The Bank also received the accolades of Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards.

    Zenith Bank was also named Most Responsible Organisation in Africa, Best Company in Transparency and Reporting and Best Company in Gender Equality and Women Empowerment at the SERAS CSR Awards Africa 2024; Bank of the Year 2024 by ThisDay Newspaper; Bank of the Year 2024 by New Telegraph Newspaper; and Best in MSME Trade Finance, 2023 by Nairametrics. The Bank’s Hybrid Offer was also adjudged ‘Rights Issue/ Public Offer of the Year’ at the Nairametrics Capital Market Choice Awards 2025.

  • Feature: Soludo’s Town Halls and the All-Embracing Vote of Confidence

    Feature: Soludo’s Town Halls and the All-Embracing Vote of Confidence

    by Law Mefor 

    Governor Chukwuma Charles Soludo, CFR, is enjoying an unprecedented universal approval rating as per the coming Anambra State gubernatorial election, billed for November 8, 2025, as indicated in the responses from the Townhall meetings held in Lagos and Abuja with Ndi Anambra Communities recently, on the governor’s three-year scorecard.

    Soludo’s stellar scorecard puts him out of sight ahead of any intending contender as the vote of confidence of Ndi Anambra in Nigeria and across the globe has been guaranteed.  

    According to the Commissioner for Information, Law Mefor, the prominent indigenes of Anambra state, both within and outside the state, have been reviewing Governor Soludo’s performance and have unanimously returned a resounding vote of confidence. Remarkably, the principal figures in the opposition parties are not left out in the endorsement of Governor Soludo’s re-election.

    Mefor said the former Governor of Anambra State, former Senator, and former Minister, Dr. Chris Nwabueze Ngige, was one of the bigwigs who told Soludo at the Abuja town hall meeting that he has no opposition, using the phrase “Carry go!”

    Dr. Ngige revealed that he was requested by the remaining minuscule number of APC faithful in Anambra State not to endorse Governor Soludo, but said he had gone to Anambra to see the transformation made by Soludo’s administration and was overwhelmed, stating, “I came. I saw. But I did not conquer. I confirmed. Odenigbo, carry go!”

    With Abuja and Lagos adding their voices to the endorsement galore – and that of the UK on Monday, 21st April – Governor Soludo’s re-election stays quite certain.

    Mefor, who has an overview of the perception of the people of Anambra on Governor Soludo’s government, stated that the vote of confidence from home and abroad is a clear way of saying again and again that there is no vacancy in Awka Government House. 

    Before the Lagos and Abuja town-hall meetings, where Governor Soludo went to present his scorecard to his people, pending the London town-hall meeting as well, there was an avalanche of endorsements by a wide range of organisations, from students, youths, and scores of support groups.

    Impressively, the Lagos town hall meeting came a day after the esteemed Vanguard Newspaper honoured Governor Soludo as the Vanguard Governor of the Year for Good Governance.

  • Feature: Anambra’s 3-Year Renaissance: How Governor Soludo is Transforming a State

    Feature: Anambra’s 3-Year Renaissance: How Governor Soludo is Transforming a State

    by Christian Aburime

    Anambra State, once plagued by dire insecurity and underdevelopment, is now undergoing a remarkable transformation. With his innovative leadership, Governor Chukwuma Charles Soludo, CFR, has laid the foundation for the next African Dubai-Taiwan-Silicon Valley.

    In just three years, Governor Soludo’s administration has addressed long-standing issues and set the stage for a prosperous future.

    This summative exposition is just a glimpse of the multifaceted achievements of Governor Soludo, exploring how his administration has redefined governance, infrastructure, security, and economic development in Anambra State.

    As many know, Governor Soludo’s vision for Anambra is encapsulated in the ambitious African Dubai-Taiwan-Silicon Valley (ADTS) project. This vision is supported by a youthful and dynamic ‘Solution Team’ that has been instrumental in redefining governance. The administration’s focus on integrity, equity, and inclusiveness has led to significant infrastructure, security, and economic development strides.

    Governor Soludo’s “One State, One People, One Agenda” mantra underpins his commitment to unity and collective progress.

    Regarding infrastructure, Anambra has seen a massive road and transportation revolution. Over 754 kilometres of new roads have been contracted, with 462 kilometres asphalted and completed. The state government has also rehabilitated five major water schemes, ensuring access to piped water for its residents. Additionally, the administration has embarked on a renewable energy initiative, converting over 26,000 diesel-powered streetlights to solar power. The construction of the state-of-the-art Government House complex and the remodelling and expansion of the Three Arms Zone are further strong pointers to the administration’s commitment to modernisation.

    Economically, Anambra is positioning itself as a commercial and logistics hub. Establishing the Anambra Mixed-Use Industrial City (AMIC) and the Pharmaceutical Distribution and Manufacturing Hub proves the state’s commitment to industrialisation. These projects are expected to attract significant investment and create numerous job opportunities. The administration’s focus on digitalisation, including the establishment of the Solution Innovation District (SID), is driving the growth of the tech and digital economy. The SID has trained over 30,000 people in digital skills and supported over 100 new business ideas.

    Governor Soludo’s administration has prioritised security, establishing a new ‘Agunechemba’ security architecture anchored in technology and the “Homeland Security Law.”

     The administration has also made significant impact in justice delivery, including the full automation of the Anambra State Judiciary System and the establishment of virtual hearing facilities in 30 High Courts and four Correctional Centres.

    The Soludo administration has made significant investments in human capital, focusing on education and healthcare. The introduction of free and qualitative education has led to a remarkable increase in school enrollment. The administration has also prioritised healthcare, building new general hospitals, introducing initiatives such as free antenatal and delivery services, and the renovation and equipping of primary healthcare centres.

    Environmental sustainability is a key pillar of Soludo’s administration. The state government has implemented a vigorous tree planting policy, committing to planting over 1,000,000 trees annually. The administration has also embarked on a solar revolution in the power sector, installing solar streetlights and powering government offices through solar energy sources. Efforts to control erosion and improve waste management have resulted in significant environmental improvements.

    Thus far, Governor Soludo’s progressive leadership has set Anambra State on a path of sustainable growth and development. The state’s progress in just three years is a tribute to the power of dynamic leadership and strategic planning. As Anambra continues to rise, the foundations laid by Governor Soludo’s administration will undoubtedly lead to a prosperous and sustainable future for its citizens. The journey towards a livable and prosperous homeland, anchored on the mantra of “One State, One People, One Agenda,” envisioned to become the African Dubai-Taiwan Silicon Valley of Nigeria, is fully on course.

  • NGX Group Commemorates the Legacy of Retired Directors, Calls for Strengthened Market Collaboration

    NGX Group Commemorates the Legacy of Retired Directors, Calls for Strengthened Market Collaboration

    Nigerian Exchange Group (NGX Group) celebrated the extraordinary contributions of its retired directors, whose visionary leadership played a pivotal role in shaping the evolution of Nigeria’s capital market. The ceremony, held on Wednesday, April 9, 2025, followed the Group’s 64th Annual General Meeting (AGM) in Lagos, and brought together a distinguished gathering of regulatory leaders, government officials, traditional rulers, and members of the diplomatic community.

    The event underscored NGX Group’s commitment to sustaining the legacy of innovation, operational excellence, and stakeholder engagement, principles championed by the honorees. Their foundational work continues to guide the Group’s mission to deliver long-term value and market growth.

    In his opening remarks, Alhaji (Dr.) Umaru Kwairanga, Group Chairman of NGX Group, paid tribute to their enduring impact, “Tonight, we honor the remarkable men and women whose leadership, dedication, and foresight have left an indelible mark on our Exchange and Nigeria’s financial markets. Their legacies remain ingrained in our DNA and will continue to inspire our path forward.”

    Mr. Abayomi Oluyomi, Commissioner for Finance, Lagos State, representing Governor Babajide Sanwo-Olu, emphasized the honorees’ broader economic influence. “Their contributions extended beyond the Exchange, reinforcing Lagos’s position as Africa’s leading financial and economic hub.”

    Dr. Emomotimi Agama, Director-General of the Securities and Exchange Commission (SEC), acknowledged their transformative role. “These distinguished leaders laid the groundwork for today’s dynamic, transparent, and globally competitive capital market. Their governance standards and bold decisions remain benchmarks for excellence.”

    Adding royal commendation, His Imperial Majesty, Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II, praised their national impact. “As a custodian of tradition and progress, I celebrate these trailblazers whose wisdom and commitment have driven Nigeria’s economic advancement and inspired future generations.”

    Mr. Aigboje Aig-Imoukhuede, CFR, Former President of The Nigerian Stock Exchange and Chairman of Access Holdings Plc, reflected on their legacy. “Capital markets are the backbone of thriving economies. The progress we see today stems directly from these directors’ vision, integrity, and leadership, which established enduring governance standards.”

    A poignant moment came with a tribute to the late Bamofin Abimbola Ogunbanjo, OFR, former Group Chairman, whose leadership was instrumental in NGX’s demutualization and modernization. Other key figures, including Mr. Oscar N. Onyema, OON, former CEO of The Nigerian Stock Exchange and GMD/CEO of NGX Group, were also celebrated for steering the Exchange through landmark transformations.

    Closing the event, Temi Popoola, Group Managing Director/CEO of NGX Group, remarked, “Tonight, we honor not only the architects of our past but also the partners shaping our future. To our retired directors, your legacies ignite the aspirations of tomorrow’s leaders. Together, we will continue building a market that embodies Nigeria’s innovation, resilience, and strength.”

    With decades of collective service, the retired directors have propelled NGX Group into a modern, technology-driven exchange. Their contributions have strengthened governance, elevated investor confidence, and enhanced Nigeria’s capital market on the global stage, laying a robust foundation for sustainable growth and investment across Africa.

  • Governor Soludo receives GOC 82 Division, Maj. Gen Olatoye, both reaffirm commitment to collaboration against Insecurity

    Governor Soludo receives GOC 82 Division, Maj. Gen Olatoye, both reaffirm commitment to collaboration against Insecurity

    Anambra State Governor, Prof. Chukwuma Charles Soludo, CFR, has commended the Nigerian Army for its unwavering commitment to the fight against insecurity.

    Governor Soludo gave the commendation while receiving the General Officer Commanding (GOC) 82 Division of the Nigerian Army, Major General Thomas Olatoye and his entourage, at the Governor’s Lodge, Amawbia.

    In a statement by Christian Aburime, Chief Press Secretary to the Governor, Soludo lauded the military’s role in reclaiming eight local government areas previously overrun by non-state actors when he assumed office. He emphasized that his administration is advancing to the next phase of security reforms with the newly enacted Homeland Security Laws.

    “The security of the people is our utmost priority,” Governor Soludo stated. “We recognize the vital role of the military in maintaining peace and stability and deeply appreciate their dedication.”

    Reaffirming the state’s commitment to strengthening security partnerships, he pledged continued collaboration with the Nigerian Army to tackle crime and protect communities.

    In his speech, Major General Olatoye described the visit as an operational assessment of the division’s readiness and strategic initiatives. He praised Governor Soludo’s decisive actions on security.

    “Our mission is to consolidate the existing peaceful environment,” the GOC stated. “We will work closely with Agunaechemba to ensure security in the state.”

    Expressing confidence in Governor Soludo’s leadership, he urged citizens to support security efforts and emphasized the importance of non-kinetic approaches to maintaining peace.

    The GOC was accompanied by Brigadier General Solomon Julius, Commander 54 Signal Brigade; Colonel Adamu Muhammad, Commander 302 Artillery Regiment General Support and Commander Sector 5 Operation UDO KA; and other senior military officers.

    Other dignitaries present included Secretary to the State Government, Prof. Solo Chukwulobelu; Chief of Staff to the Governor, Mr. Ernest Ezeajughi; Principal Secretary to the Governor, Barr. Joachin Anaeto; Chief of Protocol and Deputy Chief of Staff, Mr. Chinedu Nwoye; and Commissioner for Finance, Mr. Izuchukwu Okafor.

  • Access HoldCo lauds NGX Invest over N351bn capital raise

    Access HoldCo lauds NGX Invest over N351bn capital raise

    The Chairman, Access Holding Company Plc, Mr Aigboje Aig-Imuokhuede, CFR, has commended the digital innovation efforts of the Nigerian Exchange Group following the successful N351bn Rights Issue completed to comply with the regulatory directive of the Central Bank of Nigeria.

    According to the statement from Access HoldCo, Mr. Aigboje Aig-Imuokhuede said “By leveraging the NGX’s E-offering platform – NGX Invest, the Company provided its shareholders with a seamless, efficient, and convenient subscriber experience significantly reducing barriers and democratizing participation in the Rights Issue.”

    In an article published by the World Federation of Exchanges, the Group Managing Director/Chief Executive Officer, Nigerian Exchange Group Plc, Mr Temi Popoola had emphasised that the platform was at the core of NGX Group’s digital strategy, stating that it was designed to streamline the distribution of securities in the Nigerian capital market. “Its user-friendly interface allows investors to onboard seamlessly and verify their identities through the Nigeria Inter-Bank Settlement System (NIBSS), using their Bank Verification Number (BVN). With NGX Invest, the traditionally complex and time-consuming process of investing is reduced to a few clicks, making it easier for investors across Nigeria, including those in underserved areas, to participate in the capital market.”

    The success of Access HoldCo’s capital raise, making it the first bank to officially comply with the CBN’s Banking Recapitalisation directive, is a key social proof and testament to the robustness of NGX Invest and demonstrates the potential of NGX Group’s platform to support the growth and business goals of its Issuers.

  • Access Holdings Plc Secures Full Regulatory Approvals for Recently Closed Rights Issue of Ordinary Shares

    Access Holdings Plc Secures Full Regulatory Approvals for Recently Closed Rights Issue of Ordinary Shares

    …Positions Banking Subsidiary to Exceed Regulatory Minimum Capital

    Access Holdings Plc (‘the Company’) today announces that it has secured the full regulatory approvals of the Central Bank of Nigeria and the Securities and Exchange Commission of its recently closed Right Issue of 17,772,612,811 Ordinary Shares of 50 Kobo each at N19.75 Kobo per share (‘the Rights Issue’) and has raised the target amount of N351,009,103,017.25.

    This development has positioned the Company’s flagship subsidiary, Access Bank Plc (‘the Bank’) as the first bank to meet the Central Bank of Nigeria’s N500 billion minimum capital requirements for Banks with International Authorisation well ahead of the March 2026 regulatory deadline. With the success, the Bank’s share capital would increase to N600 billion, N100 billion above the regulatory minimum requirement.

    Committed to innovation leadership, the Company is the first CBN licensed and regulated Financial Holding Company to successfully execute a fully digital Rights Issue embracing the power of technology to improve access to equity capital market. By leveraging the NGX’s E-offer platform, the Company provided its shareholders with a seamless, efficient, and convenient subscriber experience significantly reducing barriers and democratising participation in the Rights Issue.

    Speaking on the successful offer, the Holding Company’s Chairman, Aigboje Aig-Imoukhuede, CFR, said, “The Access brand has always resonated strongly with the local and international capital markets. Since 2004, Access Bank has raised billions of dollars in capital to meet successive CBN recapitalisation directives. We are pleased that this time we are the first to breast the tape. The success of the Rights Issue demonstrates the resilience of Nigeria’s capital market and reinforces our shareholders confidence in the present value and potential of our Company.

    We deeply acknowledge the invaluable and strong support of the Central Bank of Nigeria and the Securities and Exchange Commission who both played crucial roles in ensuring the integrity and efficacy of our Rights Issue exercise.

    We are also grateful to our valued shareholders, whose loyalty to the Access brand and vision for over 22 years has been most inspiring and unwavering.

    As we enter into the new year, we are well-positioned to leverage our enhanced capital base to deliver sustainable value for our stakeholders.”

  • Be the Architect of a New Nigeria- Soludo

    Be the Architect of a New Nigeria- Soludo

    At the 13th Convocation of Veritas University, Anambra State Governor, Professor Chukwuma Charles Soludo, CFR, highlighted the institution’s journey as a shining example of vision and dedication in Catholic higher education.

    Professor Soludo, who previously led a discussion on the university’s financial sustainability under the Catholic Bishops Conference of Nigeria (CBCN) finance committee in 2014, admired Veritas University’s growth over the past decade.

    In a release signed by his Chief Press Secretary, Christian Aburime, Professor Soludo applauded the foresight of its founders, the staff’s commitment, the perseverance of successive administrations in elevating the institution to its current level of excellence, and the students’ achievements in character and learning.

    Professor Soludo, who shared with Vice-Chancellor, Rev. Fr. (Prof.) Hyacinth Ichoku, his former student, that conventional convocation speeches often feel repetitive and formulaic, offering graduates generic guidance on success and resilience, presented a call for transformative change: a “new deal” for Nigeria.

    According to him, this new deal emphasises collective purpose and renewal, with active roles from the graduates in Nigeria’s transformation process, and the challenges of economic disparity, climate threats, and evolving governance structures demand a deep commitment to the country’s shared destiny.

    He urged them to envision a country that embraces its full potential, transcends divisions, values equity, innovation, and resilience, and be uniquely positioned to become nation-builders, with a new deal built on principles of equity, justice, and inclusive development. This is for them to emerge as the changemakers the country urgently needs.

  • Gbajabiamila Commends NASENI’s Technological Advancements, Product Innovations

    Gbajabiamila Commends NASENI’s Technological Advancements, Product Innovations

    The Chief of Staff to President Bola Ahmed Tinubu, Rt. Hon. Femi Gbajabiamila, CFR, has commended the National Agency for Science and Engineering Infrastructure (NASENI) for its technological advancements, product innovations and interventions in various sectors of the economy.The Chief Staff stated this during a familiarisation visit to the Agency on Thursday August 22, 2024 alongside the Deputy Chief of Staff, Senator Ibrahim Hadeija; and the Permanent Secretary, State House, Engr. Olufunso Adebiyi.

    Gbajabiamila took time to test drive NASENI’s electric vehicle pick-up van and visited NASENI Hatch Box, Innovation Hub, Solar Irrigation Pump, and was shown new products such as Home Solar, Prepaid Meter, Laptop, Smartphone, Battery among others.

    The visit was part of the engagements with agencies of government under the supervision of the Presidency to understand their mandates, activities and challenges and how they are aligning with the present administration’s Renewed Hope Agenda.

    Speaking after an inspection tour of NASENI Complex in Idu Industrial Area, and also witnessing first-hand the new projects and products embarked on by the Executive Vice Chairman/CEO of NASENI, Mr Khalil Suleiman Halilu since assuming office in September 2023,  Gbajabiamila thanked the EVC and Management for their warm reception.

    He said, “I am glad I embarked on this trip. I am glad we are all here to see for ourselves where NASENI is and what it is doing. The whole idea behind this trip was actually to come and hear first-hand, and to see onsite what you are doing, how you are doing it, what the challenges are and so on and so forth.

    “That way we could get a grip of what needs to be done, whether there are lacunas here and there. I am glad you have demonstrated what you are doing and how you are doing it. I am even happier that there are no challenges from what you said.  Quite honestly I am very impressed with what we have seen and heard,” he said.

    The Chief of Staff to the President stated that, that the impacts of Mr. Halilu have translated into lots of products in a matter of 11 months speak lots of volumes about his commitments, dedication and passion for what he is doing. “So, I commend you and the rest of the team,” he added.

    Furthermore, he noted that we are in a technology-driven age and  NASENI is one of the agencies of government that are key to President Tinubu’s Renewed Hope Agenda to put Nigeria among the comity of nations in terms of advancements in science and technology. 

    “I believe we have what it takes as a country, not just material resources but more importantly human resources”, adding that  “people who are sharp, smart, young men and women in this country exist who can deliver in terms of advancement of our technology. I thank you very much for what you are doing”

    Earlier, the EVC of NASENI took time to explain to the Chief of Staff the various innovations, interventions and partnerships which the Agency has embarked on in the last few months to advance technology transfer and align the NASENI’s mandate with President’s Renewed Hope Agenda.

    “Your Excellency, under your guidance and the leadership of His Excellency, President Tinubu, we have embarked on a transformative journey. This journey is characterized by an accelerated push towards technological independence and industrial growth. It is through your endless support and that of your team that we have been able to make significant strides in achieving these goals,. Halilu added.

  • Rite Foods Limited Powers 2024 Ojude Oba Festival

    Rite Foods Limited Powers 2024 Ojude Oba Festival

    Rite Foods Limited, Nigeria’s leading food and beverage company, has restated its commitment to preserving Nigeria’s cultural heritage through sponsorship of the 2024 edition of the Ojude Oba Festival slated for Tuesday, 18th June 2024 in Ijebu Ode, Ogun State.

    At the World Press Conference unveiling the Ojude Oba Festival 2024, the Company’s Head of Marketing, Ms. Boma Harrison, affirmed that Rite Foods’ continuous sponsorship of the Ojude Oba Festival was a demonstration of its commitment to preserving and promoting the cultural values of its communities as a proudly Nigerian Company.

    “We are deeply committed to investing time, expertise, and resources in advancing locally relevant initiatives in our communities. We view culture as a vital part of who we are as individuals and as a people. As a socially responsible corporate citizen, our loyalty to His Royal Majesty, the Awujale and Paramount Ruler of Ijebuland, Alaiyeluwa Ọba (Dr) Sikiru Kayọde Adetọna, GCON, CFR, J.P, and commitment to the Ojude Oba Festival demonstrate our belief that promoting the interest of our communities is a collective responsibility. We are excited to be in the vanguard of preserving the identity and civilization of the Ijebu societies, fostering unity, and promoting social and cultural cohesion”, she said.

    In his address, the Chairman of the Ojude Oba Festival 2024 Planning Committee, Chief (Barr.) Olu B.Okuboyejo said the highlight of the event will include 90 Age Grade performances dubbed “Regberegbe,” both male and female, with the prizes for the winning team, and the first and second runners-up, and 25 families of warlords, showcasing their dexterity in a peaceful and orderly manner that depicts their past experience in warfare.

    He stated that the rich cultural heritage dates back to about two centuries and is widely cherished by the indigenes at home and in the diaspora. This year’s edition themed: ”Ojude Oba: Peace, Unity and Harmony, Our Gifts”, according to him, re-echoes the pristine objective of Ojude Oba, which is to foster unity and peaceful co-existence in the community.

    The festival will also serve as a unification of all sons and daughters of Ijebuland, and with a homage to the His Royal Majesty, Oba Sikiru Kayode Adetona, Ogbagba II, the Awujale of the Ijẹbu Kingdom, who in the past events, avowed that Ojude Oba brings about love, mutual understanding, and peaceful co-existence that defines what they stand for. Also, it enhances the area’s tourism potential, as it hosts visitors from other parts of the globe.

    The coordinator of the annual event, Chief (Dr.) Fassy Yusuf, Baagbimo of Ijebu, applauded Rite Foods and all sponsors for their unwavering support for the upcoming festival and for previous events, that have made the Ijebu nation popular in the country and beyond.

    The Commissioner for Culture and Tourism, Honourable Sesan Fagbayi, said the present administration felicitates with the Ijebu people as they celebrate the Ojude Oba Festival which serves as a unique forum for cultural and national development of the sons and daughters of the land.

    As in the previous editions, Harrison restated that Rite Foods will refresh and delight participants with its quality products to make the event memorable and exciting.

    With award-winning brands, Rite Foods’ consumer-centricity has been demonstrated through credible platforms and sponsorships that have earned it numerous awards which include the “Most Innovative Carbonated Soft Drink Brand of the Year” for the Bigi Brand, the “Most Outstanding Energy Drink in Consumer Engagement” for its number-one energy drink, the Fearless brand; “Best Value for Money – Carbonated Drink Brand 2023” for Bigi Cola; “Best Value for Money – Energy Drinks Brand 2023” for Fearless Energy Drink; and “Best Value for Money – Sausage Brand 2023” for Bigi Beef Sausage Roll.

    Also, the premium Sosa Fruit Drink won the “Outstanding New Product of the Year – Juice” in 2023, among others.

  • Mr. Aigboje Aig-Imoukhuede, CFR becomes Access Holdings Chairman

    Mr. Aigboje Aig-Imoukhuede, CFR becomes Access Holdings Chairman

    Access Holdings Plc (‘the Holdco’), is pleased to announce the return of Mr. Aigboje Aig-Imoukhuede, CFR as its Non-Executive Chairman. Mr. Aig-Imoukhuede, CFR replaces Mr. Abubakar Jimoh, the erstwhile Chairman of the HoldCo who remains on the Board as an Independent Non-Executive Director.

    This visionary and accomplished leader is bringing an outstanding record of accomplishments, wealth of expertise and leadership to guide the Group into a new era of success.

    In response to the untimely passing of the immediate past Group Chief Executive Officer of Access Holdings, Dr. Herbert Wigwe, CFR and following extensive consultations with key stakeholders, the Holdco Board unanimously decided to invite Mr. Aig-Imoukhuede to the helm of governance.

    With an illustrious career spanning several decades in the banking and finance sector, Mr. Aig-Imoukhuede has proven to be an exceptional and influential leader, having admirably laid a solid foundation for Access Bank’s success as Group Chief Executive Officer between 2002 and 2013 ably supported by his partner and deputy, the late Dr. Herbert Wigwe, CFR who later succeeded him.

    Under Mr. Aig-Imoukhuede’s leadership, Access Bank experienced remarkable growth and established itself as a trusted financial institution within the community. The Bank transformed from a minor player into one of Nigeria’s top 5 banks with presence in 9 other African countries and the United Kingdom. Under his stewardship, Access Bank grew its customer base from ten thousand to over six million with more than 5,000 employees and an asset base of USD $12 billion, achieving numerous milestones and becoming a globally recognized name. His strategic vision, innovative thinking, and deep market insight were instrumental to shaping the Bank’s success.

    Following his retirement as the Bank’s CEO in December 2013, Mr. Aig-Imoukhuede co-founded the Tengen Family Office Limited which oversees a significant portfolio of investments and businesses in banking, finance, insurance, technology, real estate, and energy. Through the Aig-Imoukhuede Foundation, he is focused on building Nigeria’s next generation of government leaders, helping transform public sector effectiveness, and improving access to quality primary health care.

    The decision to bring back Mr. Aig-Imoukhuede as the Group’s Non-Executive Chairman reflects the Board’s commitment to our core values and determination to build upon the strong foundation, he jointly established with Dr. Wigwe. With his return, Access Holdings aims to leverage his extensive experience, industry knowledge, and exceptional leadership skills to consolidate on the growth and accomplishments recorded under Dr. Wigwe’s leadership.

    In his new role as Non-Executive Chairman, Mr. Aig-Imoukhuede will collaborate with the Board of Directors to oversee strategy and provide guidance to the executive management team. His return is not only a testament to his unwavering dedication to Access Group but also a clear demonstration of the Board’s confidence in his ability to lead the Group to new heights.

    Speaking about his return, Mr. Abubakar Jimoh past Chairman, Access Holdings expressed his excitement, stating: 

    “Mr. Aig-Imoukhuede’s appointment to the Board and subsequent election as Chairman is a landmark development for Access Holdings. All our board members are excited about our future’’.

    Commenting on his appointment, Mr. Aig-Imoukhuede, said:

    “I am thrilled to be back in active service to the Access Group ecosystem. I am confident that working with our directors, our exceptional team of executives and our best-in-class banking and finance professionals, we will deliver outstanding value to our esteemed stakeholders. I am determined that our shared vision which Dr. Wigwe gave everything for, will be realized”.

    The entire Access Group family, including employees, customers, and stakeholders, eagerly anticipates Mr. Aig-Imoukhuede’s return and looks forward to a promising future under his leadership. With his expertise, passion, and commitment, the Access Group is poised to embark on a new chapter of impact and sustainable success. 

  • NGX Group mourns the loss of former Chairman, Ogunbanjo

    NGX Group mourns the loss of former Chairman, Ogunbanjo

    …commiserates with the family of Wigwe

     Nigerian Exchange Group Plc (NGX Group) is deeply saddened to acknowledge the tragic passing of our former Group Chairman, Bamofin Abimbola Ogunbanjo, OFR, and the Group Managing Director of Access Holdings Plc, Dr. Herbert Wigwe, CFR, along with his wife and son, in a helicopter accident in the United States of America.

    Bamofin Abimbola Ogunbanjo, a visionary leader and luminary in Nigeria’s corporate legal and capital market spheres, served as the President of the National Council of the Nigerian Stock Exchange (NSE) from 2017 to 2021 and as the first Group Chairman of NGX Group from 2021 to 2022, following the demutualization of the Exchange. His strategic acumen and dedication were instrumental in shaping NGX Group’s transformative journey.

    Expressing his heartfelt condolences, the Group Chairman of NGX Group, Alhaji (Dr) Umaru Kwairanga, stated, “NGX Group mourns the untimely departure of Bamofin Abimbola Ogunbanjo and Dr. Herbert Wigwe, along with his wife and son. Bamofin Ogunbanjo’s leadership has left an indelible mark on our organization and the broader Nigerian financial community, and his legacy will continue to inspire us. Dr. Wigwe also leaves an unblemished footprint in our private sector. Our thoughts and prayers are with their families during this difficult time. May their souls rest in peace and the Almighty comfort their families”.

    The Group MD/CEO of NGX Group, Mr. Temi Popoola, added, “The passing of Bamofin Ogunbanjo is a profound loss for NGX Group and the entire Nigerian private sector. He played a crucial role in shaping NGX Group, and while he will be sorely missed, his visionary leadership and impact will never be forgotten. It is heartbreaking to learn that Dr. Wigwe, his wife and son also lost their lives in the accident. The contributions of these two respected leaders to the financial markets and the overall private sector will be remembered, and we are committed to preserving their legacy by upholding the principles of leadership, innovation, and dedication that they exemplified.”

    Beyond his role at NGX Group, Bamofin Ogunbanjo was a distinguished legal practitioner, serving as Managing Partner of Chris Ogunbanjo LP (Solicitors). He served on the boards of several multinational corporations and non-profit organizations including Beta Glass Plc and the Advisory Board of the University of Buckingham Centre for Extractive Studies. He also served on the Board of GTL Registrars Limited, AIICO Insurance Plc and ConocoPhillips Limited amongst others. His contributions to the legal profession and corporate governance were exemplary, earning him widespread respect and admiration.

  • Access Holdings Plc Announces the transition of its Group Chief Executive Officer, Dr. Herbert Wigwe, CFR

    Access Holdings Plc Announces the transition of its Group Chief Executive Officer, Dr. Herbert Wigwe, CFR

    The Board of Directors of Access Holdings Plc has announced the passing of Dr. Herbert Wigwe, CFR, the Company’s founding Group Chief Executive Officer and former Group Managing Director of its flagship subsidiary, Access Bank Plc (‘the Bank’). Dr. Wigwe died alongside his wife and son on Friday, February 9, 2024, in a helicopter accident in the United States of America.

    The entire Access Family mourns the loss of Herbert, Doreen and Chizi. We extend our deep and sincere sympathies to his family and loved ones. Dr. Wigwe was a key driving force and a larger-than-life personality who brought his remarkable passion, energy, and experience to the transformation of the Access franchise since joining the Bank in 2002.

    Commenting on the passage of Dr. Wigwe, Mr. Abubakar Jimoh, Chairman of Access Holdings said:

    “The Access Family has suffered a major loss with the passing of Dr. Wigwe who was a great friend and fine gentleman. He had a prodigious intellect, admirable personal qualities, and vast business experience which he brought to bear on the Access Family and for which we owe him a debt of gratitude.

    We remain confident that the Access Group will build further on Dr. Wigwe’s legacy of growth and operational excellence.”

    Dr. Wigwe was instrumental in the growth of Access Bank, which he co-founded with his friend and business partner, Aigboje Aig-Imoukhuede. He took over as Access Bank Group CEO in 2014, focusing on the Bank’s expansion in Nigeria and Africa before taking the helm at Access Holdings in 2022. Under his leadership, Access Bank drove its African strategy to become Sub-Saharan Africa’s largest retail bank by customer base.

    Dr. Wigwe was a member of the Access Bank UK board as well as the board of the Nigerian Business Coalition Against AIDS (NiBUCAA). He has long advocated for eradicating malaria in Africa, working with the Corporate Alliance on Malaria to support this objective. He also sat on the board of the Nigerian Mortgage Refinance Company and Friends Africa and was an honorary member of the Chartered Institute of Bankers of Nigeria and a fellow of the Institute of Chartered Accountants of Nigeria and the Institute of Credit Administration.

    A two-time winner of the African Banker of the Year award from the African Banker Awards, Dr. Wigwe was a passionate advocate of the United Nations Sustainable Development Goals, which form the bedrock of Access Holdings’ growth strategy.

    His academic credentials include a degree in Accounting from the University of Nigeria, an MA in Banking and Finance from the University College of North Wales (now Bangor University), and an MSc in Financial Economics from the University of London. He also completed the Harvard Business School Executive Management Program.

    Dr. Wigwe recently founded Wigwe University, Africa’s first Ivy League institution dedicated to providing a world-class education and raising the next generation of fearless leaders.

    The late Dr Herbert O. Wigwe

    More details about the late Dr Herbert Wigwe

    Dr. Herbert Wigwe is a visionary leader, philanthropist, and the founder of Wigwe University. In his professional life, he is the Group Chief Executive Officer of Access Holdings Plc (also known as “Access Corporation”), a multi-national financial services organization that offers commercial banking, lending, payment, pension, insurance, and asset management services.

    Access Corporation is headquartered in Lagos, Nigeria and operates through a network of more than 600 branches and service outlets, spanning three continents, 18 countries, and 50+ million customers managed by over 28,000 employees.  Access Bank, the Corporation’s banking business, is one of Africa’s largest retail banks by customer base and total assets.

    For eight years until May 2022, Dr. Wigwe led Access Bank Plc as its Group Managing Director and Chief Executive Officer through an extraordinary growth period. Some accolades accorded him include Banker of the Year, 2020 by Leadership Awards; African Banker of the Year, 2021 by African Banker Award; and Best Banking CEO, 2021 by Global Brands Magazine Awards.

    A passionate advocate for the United Nations Sustainable Development Goals, Dr. Wigwe speaks frequently at business forums and conventions, strongly encouraging a global business commitment to achieving the Goals. As the Group Managing Director of Access Bank Plc, Dr. Wigwe was the first African sponsor of the United Nations Global Compact Initiative.

    He is a Board member of Nigeria’s Business Coalition Against AIDS which leads major businesses in Nigeria in fighting HIV and AIDS at all levels of intervention within the health system and the private sector workforce.  Similarly, he advocates for the eradication of malaria in Africa, and is a partner of the Corporate Alliance on Malaria in Africa to achieve this objective. 

    Dr. Wigwe’s commitment to the development of Nigeria and Africa extends to numerous initiatives. At the onset of the COVID-19 global crisis, for example, Dr. Wigwe swiftly responded to Nigeria’s private and public healthcare’s inability to respond effectively by galvanizing support for and co-leading the formation of CACOVID (Coalition Against COVID-19) comprised of the Central Bank of Nigeria; major financial institutions in Nigeria; and key stakeholders in Nigeria’s private sector. Dr. Wigwe led the Coalition to support the Federal Government in mitigating the impact of the pandemic and reopening the economy. 

    Dr. Wigwe, Access Bank and UNICEF collaborate to support vulnerable children, orphans, and internationally displaced persons in the northern part of Nigeria. To raise awareness and funds, the Bank organizes and hosts annual high-profile Access Bank/UNICEF Charity Shield Polo Tournaments in Nigeria, London, and South Africa.

    In 2023, Dr. Wigwe embarked on a transformative journey by founding Wigwe University. With a vision to ignite Africa’s potential for prosperity and nurture fearless leaders who will change the course of history, he has introduced an institution set to rival top universities worldwide. Wigwe University promises to elevate educational standards while creating a unique African experience. Dr. Wigwe believes that education is the key to unlocking Africa’s potential and through Wigwe University, he seeks to leave a legacy that will contribute immensely to the continent’s greatness.

    His commitment to education is rooted in the belief that nurturing intellectual capital is pivotal for societal development. Dr. Wigwe envisions Wigwe University as a beacon of knowledge, innovation, and excellence, designed to empower future leaders and contribute to the socio-economic advancement of the continent. This endeavour represents his profound dedication to shaping a brighter future for Africa, making education the cornerstone of his enduring legacy.

    In 2023, in recognition of exemplary service to his country, Dr. Wigwe was awarded the Commander of the Order of the Federal Republic – one of the nation’s top honours.

    Dr. Wigwe is an alumnus of the Harvard Business School Executive Management Programme. He holds Honorary Doctorate degrees from the University of Port Harcourt, Gombe State University and University of Nigeria, Master’s Degrees in Law, Banking and International Finance, and Financial Economics from the University of London, University of North Wales and University of London, respectively.  He also holds a Bachelor of Science Degree in Accounting from the University of Nigeria, Nsukka.