Tag: United Kingdom

  • UBA Group Dominates 2025, Banker Awards, Emerges Africa’s Bank of the Year, For Third Time in Five Years

    UBA Group Dominates 2025, Banker Awards, Emerges Africa’s Bank of the Year, For Third Time in Five Years

    ...Wins Best Bank in Nine out of 20 African Subsidiaries

    Africa’s Global Bank, United Bank for Africa (UBA) Plc, has once again, reaffirmed its leadership as one of the continent’s most innovative and resilient financial institutions, as the bank has, for the third time in five years, been named the African Bank of the year 2025 by the Banker.com.

    UBA also won the Best Bank of the Year awards in nine of its 20 African subsidiaries, bringing its total awards this year to ten as UBA Benin, UBA Chad, UBA Republic of Congo (Congo-Brazzaville), UBA Liberia, UBA Mali, UBA Mozambique, UBA Senegal, UBA Sierra Leone, and UBA Zambia, all came out tops as the best banks in their respective countries, underscoring the bank’s strength across West, Central and Southern Africa and highlighting the depth of its Pan-African franchise.

    The Banker.com, a leading global finance news publication published by the Financial Times of London, organises the annual Bank of the Year Awards, and this year’s edition was held at a grand ceremony at the Peninsula, London, on Wednesday.

    The Chief Executive Officer, UBA UK, Deji Adeyelure, received the awards on behalf of the bank, representing the Group Managing Director/CEO, Oliver Alawuba, and was accompanied by the bank’s Head Business Development, Mark Ifashe, and Head, Financial Institutions, Shilpam Jha.

    The Banker’s awards are widely regarded as the most respected and rigorous in the global banking industry, celebrating institutions that demonstrate outstanding performance, innovation and strategic execution.

    In its remarks on UBA’s winnings, the banker.com said, “For the third time in five years, UBA Group has won the coveted Bank of the Year award for Africa. UBA Group time after time punches above its weight against its larger African rivals. The bank this year also takes home nine separate country awards (one more than it gained for its last continental win in 2024), equivalent to around a quarter of the awards for the continent, and more than any of its continent-wide rivals.”

    Continuing, it said, “Perhaps even more impressive is the fact that the awards were won across a broad geographic spread, going to lenders based in the Economic Community of West African States (Benin, Liberia, Senegal, Sierra Leone, and former member Mali), the Central African Economic and Monetary Community (Chad, Republic of Congo) and the Southern African Development Community (Mozambique, Zambia). Its award wins were particularly notable in the highly competitive categories for Benin and Mozambique.”

    The Banker also highlighted UBA’s strong financial performance and commitment to future growth. In 2024, the Group recorded a 46.8 per cent increase in assets and a 6.1 per cent rise in pre-tax profits in local currency terms, while continuing to invest significantly in talent and technology. West Africa remains UBA’s heartland, with operating revenue and profit increasing by 87 per cent and 89 per cent respectively in H1 2025.

    The bank’s digital and innovation leadership was equally recognised. During the year under review, and launched its Advance Top-Up buy-now-pay-later feature on the *919# USSD platform, expanding financial access for customers, while the bank’s chatbot Leo continued its strong growth trajectory, with transaction volumes rising by 29 per cent year-on-year in H1 2025. Notably, in August, Leo became the first African banking chatbot to enable cross-border payments via the Pan-African Payment and Settlement System (PAPSS).

    UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, while reacting to the achievement, said the recognition affirms the bank’s long-term strategy and customer-first philosophy.

    “This honour reflects the strength of our Pan-African network, the trust of our customers, and the dedication of our people. Winning Africa’s Bank of the Year for the third time in five years is not by chance; it is a testament to disciplined execution, innovation, and a deep understanding of the markets we serve,” Alawuba said.

    “Our nine country awards across diverse regions of Africa show that UBA is not just growing, but growing with impact. We remain committed to driving financial inclusion, supporting economic development, and deploying technology that makes banking simpler, faster, and more accessible to Africans everywhere,” he added.

    United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 45 million customers globally. Operating in twenty African countries, the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting-edge technology.

  • Prince Abimbola Olashore Inaugurated as 19th President of the Nigerian-British Chamber of Commerce (NBCC)

    Prince Abimbola Olashore Inaugurated as 19th President of the Nigerian-British Chamber of Commerce (NBCC)

    The Nigerian-British Chamber of Commerce (NBCC) proudly announces the inauguration of Prince Abimbola Olashore as its 19th President and Chairman of Council. The inauguration, held at a grand dinner in Lagos, marks a pivotal milestone in his leadership journey and signals a renewed commitment to strengthening Nigeria–UK trade relations and advancing intra-African commerce.

    Prince Olashore, who also serves as Chairman of the Board of Governors of Olashore International School, brings decades of experience in finance, governance, and international business to his new role. His appointment reflects the Chamber’s confidence in his ability to steer the organization into a new era of innovation, collaboration, and economic transformation.

    The inauguration dinner was attended by key government officials, business leaders, diplomats, and international partners. The event highlighted the Chamber’s role as a bridge between Nigeria and the United Kingdom, fostering trade, investment, and cultural exchange.

    Governor Babajide Sanwo-Olu of Lagos State, former Minister of Power, Works and Housing Babatunde Fashola, and former President of the African Export-Import Bank (Afreximbank) Benedict Oramah delivered goodwill messages, underscoring the importance of trade diplomacy, infrastructure, and innovation in unlocking Nigeria’s economic potential.

    Governor Sanwo-Olu emphasized the historic ties between Nigeria and the United Kingdom, noting that total trade between the two countries in 2024 stood at £7.5 billion. Of this, UK exports to Nigeria amounted to £5.3 billion, while imports from Nigeria stood at £2.2 billion. Despite these figures, Nigeria ranked only 37th among the UK’s trading partners, accounting for 0.4 percent of its total global trade.

    “These figures remind us that while progress has been made, the true potential of our partnership remains far from fully realized,” Sanwo-Olu said. He described Lagos as Nigeria’s economic heartbeat and a compelling destination for global capital, pledging his administration’s support for initiatives that strengthen trade mechanisms and attract strategic investments.

    Former Minister Babatunde Fashola highlighted the role of infrastructure in boosting trade, citing projects such as the Lagos-Badagry expressway, the Abidjan-Senegal highway, and the trans-Saharan highway as transformative investments. He noted that facilities like the Lekki Deep Sea Port and Dangote Refinery are redefining trade logistics and energy supply, urging stakeholders to protect these early shoots of development with commitments to law and order.

    Benedict Oramah stressed that while deglobalization is disrupting global supply chains, Africa’s trade-driven transformation remains inevitable. He called on African leaders to embrace sacrifice and responsibility, noting that NBCC members could form the nucleus of leadership required to push economic transformation forward.

    The inauguration also drew strong endorsements from international partners. Sarah Howard, Chair of the British Chambers of Commerce, described Olashore’s leadership as timely and pivotal, affirming her commitment to strengthening Nigeria–UK trade and investment in 2026.

    Johnny Baxter, British Deputy High Commissioner, highlighted the UK’s Developing Countries Trading Scheme, which allows over 90 percent of products to enter the UK duty-free. He urged both nations to embrace enhanced trade partnerships, identify barriers, and work collaboratively to resolve them.

    Prince Olashore’s inauguration signals a new era for the Nigerian-British Chamber of Commerce. Under his leadership, the Chamber will continue to champion innovation, support small and medium enterprises, and advocate for policies that enhance competitiveness. His vision aligns with the Chamber’s mission to foster sustainable prosperity through trade, investment, and collaboration.

    The Olashore community extends heartfelt congratulations to Prince Abimbola Olashore on this remarkable achievement. His inspiring leadership at the helm of NBCC is a source of pride and a beacon of hope for Nigeria’s economic future.

  • Feature- Looking Good vs. Doing Good: From Public Relations to Public Service Relations- A Witnessed Account of Nigeria Customs Service

    Feature- Looking Good vs. Doing Good: From Public Relations to Public Service Relations- A Witnessed Account of Nigeria Customs Service

    By John Adeoluwa Ogunrinde

    I was honoured with an invitation from the Comptroller General of Customs Bashir Adewale Adeniyi PhD, MFR through the National PRO Abdullahi Maiwada PhD, to participate as a facilitator and a guest speaker at the 2025 Public Relations Workshop themed “Beyond Masters of Ceremonies: The Strategic Role of Public Relations Officers for Institutional Growth and Stakeholder Trust”.

    I was tasked to speak on the topic “Understanding Social Media Algorithms, Institutional Storytelling Approach and Strategic Messaging for Effective Communication” and perhaps deemed qualified to deliver on this topic as it sits right at the heart of my ongoing doctoral research on social media algorithms in Nigeria.

    My presentation covers the anatomical change that PR has experienced as a concept and as a practice, through the evolution of digital technology. I introduced the concept of “tech-relating” to encapsulate the necessity of technology adoption and the literacy that comes with it for practitioners.

    Explaining the unique position of NCS in generating endless social media content, and how those contents could be better curated for visibility in the algorithmic space, I emphasise format, visuals, sounds, captivation, and corporate hilarity among other key points, relying heavily on first-hand evidence from my primary data collection.

    Though I could well recognise the sponsoring purpose of this grand PR event and the team’s honesty of ambition towards efficiency, but I refused to be mesmerised by the colourful PR blanket the Customs was dazzling.

    In my knowledge, the idea of Public Relations is often applied as a corporate deodorant; organisations pull it from their marketing arsenal as a defensive mechanism to counter the public’s occasional repulsion of their brand. And it’s a routine to mount clever PRO’s at the frontline to defend the reputation of an organisation that’s barely serving its purpose halfway.

    As an outsider with a rare privilege to have an inside view, my eyes were searching to pick up on the typical facade by which many have described public services in Nigeria. “They pretend to be working hard, but they hardly make anything work; or maybe they are really trying to do something, but terribly littered and sloppy at it. Which one was it with NCS?

    Prior to the event and much earlier, I had been invited to the NCS headquarters in Abuja and taken through its operational chain on the ride and guided by the PR unit and the media team, and from this, I was hoping to scoop my exclusive.

    The experience I got revealed details that were inconsistent with my hypothesis.

    Considering PR as popularly practiced in the domestic corporate, there is an idealised but illusory capability of PR to convert apathy, ignorance, hostility and prejudice by deploying what’s often called strategic communication. The delusional overreliance on strategic communication to build a sterling reputation, launder a terribly soiled corporate image, has -over the time- bred professional ambiguity, in which practitioners have a blurry vision identifying classical public relations from salesmanship. Perception and impression management have rose to prominence, while substance, essence and service have sunk. So, there is this professional passing off of good talk as good PR.

    This trend is boldly manifested in the conventional allocation of resources to media appearances than to a socially responsible service delivery; in any case, looking good was always essential, while doing good was merely an option. With the corporate environment like this, largely dominated by the private sector, my default expectation from the public sector, especially in a regimented legacy institution like the Nigeria Customs Service, was to see a system that is perhaps below par.

    But far from my presumption, the organisation had what I call a positive communication imbalance.  The NCS was not trying to look good, and by some measures could be said to be doing more discretionary public good than is often discussed. No better place to explain this positive imbalance than through its ongoing Customs Modernisation Project. I was welcomed to a large room the size of an event hall, this room heavily equipped and computerised, all the screens lit- showing a software interface, officers steady at their desks, all busy coordinating nationwide productivity- from the maritime, to aviation, and the land border; duty, excise, clearance, point of origin, bill of lading, were some of the words mostly used by the assistant comptroller who was explaining the process to me, while I could see other officers opening multiple windows and tabs on their computer screens to manage as many transactions as possible under an intense deadline pressure. These were the people making it all happen, I said to myself.

    The term B’odogwu was mentioned a number of times, and its oddity raised my curiosity; which as I later found was a recent ground-breaking solution technology made in Nigeria and customised for NCS as a unified trade management portal, it was built to simplify importations for Nigerians and speed up waiting time. Looking around this massive investment in technology, it was a dedication to efficiency, to seamlessness, to resilience and most essentially to public convenience and accessibility in a country often labelled as lagging in development; the icing on the cake was that B’odogwu was made in Nigeria and named as Nigerian. 

    Back to Public Relations, I went around other ICT facilities, including a radio transmission suite, a ready-to-use TV studio, dedicated units for graphics design, videography, and a team of media personnel all wearing a ‘polo shirt’ branded NCBN. NCBN is an acronym for Nigeria Customs Broadcasting Network, it was undergoing operational development in the hands of a private operator who has partnered with the Customs.

    The room was quiet after this long tour, members of the PR unit were itching for my positive assessment I believe, but the question in my mind did not align with the temperature. I was going to ask the question they might not like, they were ranked officers in khaki with intimidating stature and a big office; but I asked anyway: I asked why they were doing such an incredible public service, holding the nation’s economic spine together and yet their image is horribly perceived in the public; why was the officer at the checking point more vivid in people’s mind than the superintend juggling multiple tasks for long hours to make life easier for Nigerian traders, why do hundreds of millions of Nigerians have no clue about B’odogwu and the Customs Modernisation Project?

    Why are people unaware of the long list of CSR projects executed every year- several schools, health centres, community support projects that have been built, improved, or renovated by Nigeria Customs across the states and regions of the federation, the trade facilitation policies, millions of illicit drugs taken off the streets, wild life and environmental preservation efforts, the Nigeria customs’s leadership on the global stage, the several international recognition within and outside the continent; many international trade agreements spearheaded and executed for Nigerians, etc. Why do people mainly see Customs through the ancillary of stop and search, when indeed it is the institution that keeps the country’s economic engine rolling?

    My conclusion is that the Nigeria Customs’ focus on Public Service Relations far outweighs its consideration to manage public impressions. I reckon the organisation took this direction of travel rather inadvertently, perhaps due to the long-standing legacy of classifying every piece of information in government agencies, or due to its regimented nature, in which action is superimposed over rhetoric.

    The result however, is a highly service-concentrated organisation that delivers much more to the public than the public itself is aware of, and this is not just because it was statutorily bound to perform these functions but perhaps because it has sustained a decade-long period of less-partisan and disciplined leadership from Col. Hameed Ali Rtd. to another visionary CG. Bashir Adewale Adeniyi; and second because these leaders have exhibited a level of discretionary nobility. This stability in strong leadership has put NCS on a consistent upward trajectory towards corporate renewal, entrenching a culture of mandatory delivery for the public, and a substantial, performance-based reputation built from inside out, as against the cosmetic management of public perception via clever speech and media stunt.

    The sharp contrasting of rampant short-circuit PR against the service-based PR observed at NCS is to diagnose the reputation crisis that Public Relations itself is soaked in, and to call a rather overdue attention of PR managers to the classical Public Relations whose tenets strongly uphold the necessity of internal growth-work required by organisations to attain their reputational ambitions. As documented in PR’s finest professional papers: the implementation of planned programmes and actions that serve the interest of the organization (by improving itself) and the public interest (by delivering the best possible service consistently).

    I was disappointed to see my hypothesis defeated- that NCS like the private sector image merchants engages in short circuit PR- doing great publicity for a half-good service; instead I discover a system that is exhaustively manoeuvring a restrictive political climate and security risks, actively working its own inner machine to deliver a gradually improved service to the public who barely knows the half of it, regardless of the historical bad apples occasionally found within its ranks.

    The room was uncomfortably silent after my questions and comments; my observations mirrored the reality they already knew and trying hard to improve. In his response the National PRO Abdullahi Maiwada PhD, listed an array of communication efforts they now engage in: developing reputation management guide against which the conduct of every officer is bench-marked, launching public feedback mechanism and performance evaluation system, an active Customs complain and enquiry phone lines, ongoing improvement training, and also annual PR and communication workshop- running its second edition to which I had been invited.

    There are early signs of a shift in public perception, the NCS PR team has been noted as one of the best in recent Nigeria, winning public engagement awards on multiple occasions home and abroad since 2023. Dr. Maiwaida is a communication expert, his CG an excellent PR professional, coordinating with a consensus on the need to scale up communication effort to balance with their enormous statutory and discretional public services, but only on the condition that “Looking good is premised on Doing good” and that PR practice that is based on social responsibility and service delivery would accelerate the nation’s human and economic development.

    John Adeoluwa Ogunrinde writes from London Metropolitan University, United Kingdom.

  • Invest Africa Appoints Shannon Stroud as Chief Executive Officer of Invest Africa US

    Invest Africa Appoints Shannon Stroud as Chief Executive Officer of Invest Africa US

    Shannon brings over 20 years of leadership experience in international finance, investment, and advisory services

     Invest Africa US is pleased to announce the appointment of Shannon Stroud as Chief Executive Officer. Based in Washington, D.C., Shannon will drive the organization’s U.S. strategy and growth, raising Invest Africa’s profile, strengthening partnerships, and deepening investor engagement with opportunities across Africa and within the U.S. Invest Africa is a global platform with offices in the United Kingdom, United States, Middle East and Africa.

    Shannon brings over 20 years of leadership experience in international finance, investment, and advisory services. Most recently, Shannon served as Director of Milken Institute International, where she founded and led its Africa Leaders Business Council, spearheaded high-level dialogues alongside the U.S.-Africa Leaders Summit and UN General Assembly, and expanded global investor partnerships.

    Previously, she was Managing Director at the Emerging Markets Private Equity Association (EMPEA), where she developed investor education programs and convened global capital providers through flagship conferences and summits. Earlier in her career, she held senior roles in private equity, structured finance, and consulting, including positions at Pine Creek Partners, CapitalSource Finance, and Arthur Andersen LLP. She also founded Finley Advisory, LLC, advising funds, family offices, and impact investors on capital introductions and fundraising strategies.

    Karen Taylor, Executive Chair, Invest Africa said, “Invest Africa is dedicated to building bridges for global investors with the wide range of opportunities that exist on the African continent. Strengthening our presence in the United States is an essential part of our strategy, enabling us to align capital, ideas, and partnerships from around the world. This appointment underscores Invest Africa’s role as the leading platform for channeling international investment into Africa.”

    “Having worked with Shannon during her time at the Milken Institute, I am delighted to welcome her as our CEO in the US,” said Paul Hinks, Chairman of Invest Africa in the US. “Africa is a vast continent where there are countless opportunities and the United States is an essential partner for its growth. Invest Africa is distinguished by its ability to provide American investors with the expertise, network, and access needed to navigate complex markets and unlock opportunities. With Shannon’s experience, Invest Africa is uniquely positioned to help channel U.S. capital into high-impact investments across Africa and open doors for African entities seeking to better understand the nuances of the U.S. market.”

    “I am pleased to join Invest Africa at such a pivotal time for U.S.-Africa engagement,” said Shannon Stroud. “I look forward to deepening our relationships with investors, policy makers, and business leaders across the United States and on the African continent and translating those connections into actionable partnerships. Together with our colleagues globally, we will ensure Invest Africa continues to be the trusted platform where U.S. and African investors cultivate meaningful opportunities and drive impact.

  • SIFAX Shipping Launches Direct LCL Export to UK

    SIFAX Shipping Launches Direct LCL Export to UK

    Signs multiple partnership deals to expand global footprint

    In a groundbreaking move set to redefine outbound shipping from Nigeria, SIFAX Shipping Company Ltd. has launched direct Less-than-Container Load (LCL) export services to the United Kingdom, through a strategic partnership with Netcargo UK Limited, a subsidiary of Net Cargo Group.

    This development offers a major breakthrough for businesses that have long grappled with the complexities of cross-border logistics, delays and costly transshipment processes, in their bid to export goods to the United Kingdom.

    According to Mr. Adekunle Owobamirin, General Manager, Groupage and Export Services, SIFAX Shipping, this alliance provides an opportunity for Nigerian exporters, especially SMEs, to ship goods directly to the UK without having to consolidate through transshipment points. This, he added, would result in faster turnaround times, lower costs, reduced risks, and more predictable delivery schedules.

    He further noted that this new service would empower local businesses to compete more confidently on the international stage.

    “This is one of the most important moves we’ve made in advancing our export portfolio. We’re now positioned to offer uninterrupted export services to the UK market, giving our clients the ease and confidence they need to grow their international trade volumes.”

    In addition to its UK breakthrough, SIFAX Shipping has also sealed a robust import partnership with WSC Logistics and Shotto Logistics Limited. This agreement makes it possible for shipments originating from various parts of the world, including India and China, to be routed efficiently through SIFAX’s bonded terminals and warehouses in Nigeria.

    The partnership, described as a “third-party consolidator collaboration”, enables smaller logistics firms to leverage SIFAX Group’s well-developed infrastructure, technical know-how and bonded facilities.

    Owobamirin, speaking further on this development, reveals that, “This ambitious expansion has already borne fruit, with the first trial shipments launched in June and full operations ramping up through July. Our bonded warehouse operations have been upgraded to accommodate the surge in volume. The collaboration allows us to clear and dispatch cargo seamlessly, ensuring that goods keep moving and clients experience minimal delays.

    “By improving direct export routes, especially to the UK, local businesses will benefit from reduced trade barriers and costs. Furthermore, the increased volume of imports handled through WSC Logistics and Shotto Logistics Limited is expected to create more employment opportunities and boost revenue streams for local stakeholders.”

  • 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.

  • Global recognition for African communications agency as Irvine Partners CEO joins UK PR power list

    Global recognition for African communications agency as Irvine Partners CEO joins UK PR power list

     Irvine Partners (IP) is proud to announce that its CEO, Rachel Irvine, has been named to the prestigious Women in PR 40 over 40 power list in the United Kingdom. This recognition celebrates women in leadership who have demonstrated exceptional leadership, driven change, and championed effective staffing strategies within the industry.

    “This list celebrates the vision and lasting impact of women who continue to lead with purpose,” says Rachel Irvine.

    The honour not only spotlights Rachel Irvine’s achievements but also underscores the strategic advantage of Irvine Partners’ approach to assembling the most effective teams. This emphasis on broad perspectives and a range of experiences has propelled the agency from its South African roots to international acclaim, with wholly owned offices now thriving in the UK, Germany, Kenya, Nigeria and Ghana.

    The proudly woman-owned and led agency gets that securing the right talent, regardless of background, is a direct business advantage. Three in every four of its employees are women, with people of colour comprising 60% of its global staff.

    IP cultivates a workplace where varied expertise is valued. Its talent strategy allows its teams to bring unique insights to complex client challenges that can only be navigated with a nuanced understanding of audiences across its six regions. IP’s emphasis on its people and culture is crucial to how the agency maintains long-term client relationships with global industry giants such as Google, Spotify, Uber, TikTok and Salesforce.

    “Good ideas don’t carry passports,” Irvine adds. “Our global success isn’t just about market expansion; it’s a testament to the power of diverse perspectives and a culture where entrepreneurial spirit thrives, consistent excellence is expected, and everyone’s potential is actively grown. As we’ve grown from Woodstock in Cape Town to Westminster, London, we’ve built an environment where every team member is actively coached and cultivated to excel. This ethos isn’t just a moral compass; it’s our strategic asset.”

    The Women in PR 40 over 40 power list addresses ageism in the PR industry, a bias that research shows disproportionately affects women from the age of 40 onwards. Rachel Irvine’s inclusion is a strong counter to this trend, highlighting the significant value experienced professionals bring to the industry. “Grumbling about a stacked deck seldom yields results,” advises Irvine. 

    “If you’re in a place that doesn’t serve or support you, leave. Back yourself and find your tribe.” 

  • Feature- Writing Across Borders: How a Nigerian Writer Found Voice in Cross-Cultural Stories

    Feature- Writing Across Borders: How a Nigerian Writer Found Voice in Cross-Cultural Stories

    Writing Across Borders: How a Nigerian Writer Found Voice in Cross-Cultural Stories

    Whether scripting for screen or crafting bold short fiction, Nisola Jegede is a writer who journeys between worlds. Born in Nigeria and currently based in the UK, she draws deeply from African history, mythology, and lived realities to create stories that challenge conventions and reframe silence. From her early days as a story editor at Goddey Media Studios to her celebrated work during the COVID-19 lockdown—where she published Unwilled, What Lies on the Other Side, and Naked Truth—Jegede’s voice has remained clear, courageous, and rooted in the African experience.

    In this interview with our correspondent, we explore her influences, her fascination with African fantasy, and mirror the complexities of our times.

    NW: Can we meet Nisola Jegede

    NJ: I think the best way I can describe myself is as a writer who tells stories rooted in African experiences. For the past three years, I’ve been fixated on African fantasy stories, because I believe what non-Africans often label as myth is, in fact, what truly defines Africa and her people. I would like to show that aspect to the world. The recent stories I have been developing focus on that. So, I would say I am an African fantasy writer.

    Academically, my foundation in storytelling began with a Bachelor’s degree in English and Literature from Federal University Oye-Ekiti, further honed by a Master’s degree in Scriptwriting from Bournemouth University.

    I have always had two jobs. One that feeds me and the other one that I feed. Bid writing jobs feed me. I have always been that. Creatively, I have worked as an editor editing the English Writers Journal at Federal University Oye-Ekiti. Lately, I’ve been contributing to “Ode to Africans,” a social media platform on YouTube and TikTok dedicated to sharing compelling African stories.

    NW: Tell us about your Nigerian roots and how it has influenced your journey through various writing roles and storytelling, particularly as you engage with diverse cultural contexts?

    NJ: Hmmm. That’s a deep one. My Nigerian roots are the reason I am this kind of writer. I always knew I wanted to write, but the question was—what exactly? What kind of stories would I love to tell? I found the answer that during a school assignment that required my classmates and I to interview Ifa priests. My group was fortunate to meet a priest who truly understood the depth of the tradition. That interview gave me the clarity I needed.

    That encounter ignited my passion for discovering who Africans were before colonial history rewrote so much. We got to learn that our cultures or traditional religions are not as demonic as people often believe. They are meant to do good. Sure, Yes, some people may twist them for harmful purposes, but real people use it for good. I am a Christian and that’s for sure. I’m not a practicing traditionalist because I feel God’s essence deeply. However, now, I am also interested in culture and traditions, and this is what I showcase in my stories.

    NW: In 2022, your work was featured in a cross-cultural journal linking Nigerian and Indian writers. Can you describe that experience? What were the unique aspects of collaborating across these two rich literary traditions, and what did you learn from it?

    NJ: Okay. So, I feel Indians and Nigerians are the same, but in different ways. Yes, I know that sounds contradictory, but it’s true. But we are both challenge-driven, yet hardworking. We share so many values and opinions, and that’s why I believe the book, In Her Urban Maze, is really about re-echoing what makes us alike.

    Both Nigerian and Indian writers carry oral traditions alongside colonial inheritances. We write in English, but often against it, bending the language to suit our own truths. That’s something I deeply respect. However, what I learned from the collaboration is how both countries’ traditions use silence as a form of power in our stories. Honestly, I feel so honoured to have worked on such a great literary piece.

    NW: Congratulations on being shortlisted for the New Writing North Writing Residency. What was that journey like, and how did your Nigerian roots influence your academic storytelling?

    NJ: Thank you. Being shortlisted for the New Writing North was affirming for me—very affirming— especially as it came at a time when I was starting to doubt my writing abilities. I had just finished my master’s and anytime I sent my stories to my writing friends, they often misunderstood what I was trying to say. I was really happy when I got the email since being shortlisted would lead to a fully funded writing workshop. You know, through the residency, I actually attended a writing workshop organized by Steven Hall. It was so surreal that he read my work and gave suggestions. I was able to understand how to balance words in my stories. Sometimes, my words can be too literary and at other times, businesslike. The session was a huge one for me.

    NW: Having studied and worked in both Nigeria and the UK, how has living and writing in a different cultural environment influenced your perspective as a Nigerian writer? Do you find it enriches your ability to explore cross-cultural themes?

    NJ: Absolutely. Living and writing in both Nigeria and the UK has deepened my understanding of how stories travel—and where they stumble. It’s one thing to write from within your culture, where certain references or silences are understood without explanation. But writing in a different environment forces you to become both translator and storyteller. You begin to ask yourself: What do I need to explain? What do I refuse to dilute? That, for me, is the main crux I wrestle with when writing now. 

    NW: I will like to know if themes around migration inform your narrative choices as well?

    NJ: Truth be told, they rarely do. I think I am more interested in the psychology of what makes Africans, Africans right now. So, that is what I show in my work.

    NW: As someone whose work spans Nigerian and international audiences, what are some of the most significant challenges you’ve encountered as a cross-cultural writer, especially in terms of language, authenticity, or audience expectations?

    NJ: Seriously, I will say it is the same, writing for both Nigerian and international audiences—especially across the UK and Nigeria—often means navigating a delicate pressure: the urge to explain cultural nuances, or worse, to soften them. But diluting cultural details can strip a story of its power. There’s a constant tension between being accessible and staying authentic, and it’s a balance I’m always negotiating.

    NW: What, in your opinion, are the unique strengths of Nigerian storytelling that allow it to transcend geographical and cultural borders and connect with diverse readers globally?

    NJ: I say our unique storytelling strengths as Nigerians will be the layered body language our characters display and the communal narrative voice. Our best stories show these two factors and that is why I feel they connect with diverse readers, especially in some part of Asia where I feel we share similar cultures and upbringings.

    NW: As a Nigerian writer who has successfully navigated both local and international literary spaces, what advice would you give to emerging Nigerian writers who aspire to have their stories reach a global audience?

    NJ: Hmm. This will be a cliche one but it is the only thing that has brought me this far. Don’t give up. The best stories have been rewritten so many times before that level of expertise is achieved. Always rewrite. It is hard, but necessary.

    NW: Finally, what’s next for Nisola Jegede? Are there any new stories or scripts we should look out for?

    NJ: I am taking a break from scripts and going into literature fully. For two reasons, I love literature. I truly do. Also, due to the kind of genre I write, the feedback I have gotten lately is to make them into novels before movies.

  • Feature: Nigerians, the Only Standing Opposition in Nigeria

    Feature: Nigerians, the Only Standing Opposition in Nigeria

    by Kayode Awojobi

    In flourishing democracies around the world, the role of the opposition is not only constitutionally recognised but also socially respected. The opposition exists to challenge those in power and act as a counterweight that keeps executive excesses in check, preserves civil liberties, and promotes democratic growth. Whether in the United Kingdom, where the institution of “His Majesty’s Loyal Opposition” is entrenched in parliamentary practice, or in the United States, where political rivalry between the Democratic and Republican parties serves as a dynamic instrument of checks and balances, opposition is vital to the sustenance of democracy.

    These systems demonstrate that the quality of a country’s democracy is often reflected in the strength and voice of its opposition. Historical records bear witness to this. In the UK, while in opposition, the Labour Party successfully agitated for reforms in healthcare, education, and workers’ welfare. In the US, the passage of the Civil Rights Act of 1964; a landmark legislation, was made possible by opposition across party lines and within the ruling Democratic Party. These examples reveal that a principled opposition is not antagonistic by nature; rather, it is a driver of progress.

    In contrast, Nigeria today presents a troubling picture. We are witnessing the weakening of one of the cornerstones of democracy: the opposition. Yet, this was not always so.

    In the First Republic, Nigeria boasted one of the most ideologically driven and robust oppositions on the continent. Chief Jeremiah Obafemi Awolowo, leader of the Action Group and later the Unity Party of Nigeria, stands out as an iconic figure in this regard. Though he never held the office of president, his legacy as an opposition leader is undeniable. Awolowo treated opposition not as a political setback but as a democratic mandate. His time in opposition was characterized by deeply researched and eloquently articulated policy proposals that eventually reshaped governance, especially in the Western Region.

    Under his leadership, the Western Region implemented landmark policies such as free primary education, rural development, and free healthcare. These initiatives did not remain regional; they reverberated across the nation and pressured other governments into adopting similar welfarist programmes. Awolowo proved that opposition, when backed by vision and values, could transform society without necessarily occupying the central seat of power. In like manner, during the military era, despite repression, voices like Gani Fawehinmi, Beko Ransome-Kuti, and groups like the National Democratic Coalition (NADECO) fearlessly confronted tyranny.

    In the Fourth Republic, the emergence of the All Progressives Congress (APC) in 2013 was another defining moment. Formed as a merger of several opposition parties, the APC channelled the frustrations of the populace against the then-ruling People’s Democratic Party (PDP). Through strategic use of media, mass mobilisation, and strong messaging against corruption and fuel subsidy mismanagement, the APC positioned itself as the voice of the people. In 2015, it achieved a democratic milestone by defeating a sitting president through the ballot—a first in Nigeria’s history. That electoral victory was not just a win for the APC, but a win for democratic opposition.

    Ironically, the very party that rose to power by championing the ideals of resistance and reform has, since its ascension, failed to preserve those ideals. In power, the APC has become more known for suppressing dissenting voices than encouraging debate. The opposition PDP, in turn, seems to have lost its moral compass and ideological focus, reduced now to a platform for political cross-carpeting and survivalist tendencies.

    Political parties in Nigeria today appear less interested in nation-building and more in personal ambition. Ideologies have vanished. Party loyalty has become transactional. The rampant political defections among parties are symptomatic of a political class with little to no ideological convictions. Consequently, the country now resembles a one-party state, defined more by uniformity than diversity, and by silence rather than dissent.

    The decline of opposition extends beyond politics. Key institutions that once functioned as checks on government excesses have been muted. The judiciary, often described as the last hope of the common man, has been widely perceived as politicised and, in some cases, compromised. Professional bodies like the Nigerian Bar Association, once vocal against military tyranny, now issue cautious statements or remain conspicuously silent.

    Labour unions that historically could paralyse the country in defence of workers’ rights and the general public have also weakened. The Nigerian Labour Congress (NLC) and Trade Union Congress (TUC), once powerful, have lost the energy and unity that defined their resistance to oppressive policies, particularly in the early 2000s. Recent protests against subsidy removals have lacked coherence and resolve, a stark contrast to their past fervor.

    Student activism—once a bastion of resistance—has equally suffered. Gone are the days when the National Association of Nigerian Students (NANS) led protests that shook the government. Under leaders like Segun Okeowo of the famed “Ali Must Go” protests, students were at the heart of national resistance. Today, NANS has become an appendage of the political class, a lobbying group more interested in affiliations than activism.

    Even religious institutions, which once served as moral compasses, have grown quiet. In past decades, clerics boldly challenged tyranny and corruption. They mobilised not only prayers but also protests. Now, many religious leaders seem to have traded moral clarity for political patronage. Their pulpits echo cautious sermons, avoiding uncomfortable truths.

    In this vacuum, the responsibility of opposition now rests with the people—the ordinary Nigerian.

    It is unfortunate when citizens are compelled to play the role of structured opposition. But it is also empowering. From social media commentary to grassroots organizing, many Nigerians are finding their voice again, albeit sporadically. This emerging civic consciousness must evolve into an organized, strategic, and peaceful movement of resistance and reform.

    Democracy is not self-sustaining. It requires active engagement. Citizens must realize that opposition is not a political designation but a civic duty. Silence in the face of injustice is complicity. Apathy is a dangerous endorsement of tyranny. Every Nigerian must understand that the strength of a democracy is measured not just by elections, but by sustained civic vigilance.

    To the political opposition parties: the call is clear. Rediscover your voice. Reconnect with the people. Articulate policies, not propaganda. Inspire hope, not hatred. Stop defecting. Start delivering.

    To the labour unions, student leaders, and religious communities: reclaim your relevance. History will not remember your silence. It will remember your action—or your betrayal.

    And to the Nigerian people: understand that in the absence of opposition parties, civil society becomes the last line of defense. Use your voice, your platforms, and your votes. Participate. Protest peacefully. Push back against bad governance. Be loud, be persistent, and above all, be principled.

    We, the people, are now the only standing opposition in Nigeria. If we fail to rise, if we retreat into silence or hopelessness, we may soon find there is nothing left to oppose—only a nation in ruins, lamenting what could have been.

    ‘Kayode Awojobi is a multiple award-winning Broadcast Journalist, Social and Political Commentator. He writes from Ago-Iwoye, Ogun State.

  • GTCO Shareholders Approve N8.03 Per Share Dividend Payout

    GTCO Shareholders Approve N8.03 Per Share Dividend Payout

    Shareholders of Guaranty Trust Holding Company (GTCO) Plc have approved the payment of a total dividend of N8.03 per share for the financial year ending December 31, 2024.

    This decision was taken at the company’s fourth annual general meeting, which was held virtually yesterday. The company had previously paid an interim dividend of N1 per share, and would now make an additional N7.03 per share bringing the total dividend for the 2024 financial year to N8.03 per share.

    Speaking to shareholders, the chairman of GTCO, Mr Hezekiah Sola Oyinlola, emphasized the group’s ability to remain agile and forward-thinking, which has allowed the company to achieve record-breaking performances.

    Oyinlola in his address at the AGM stated that, “In 2024, we became the first Nigerian bank to surpass the N1 trillion profit mark, an achievement that underscores the resilience of our business model, the dedication of our people, and the trust our customers place in us.”

    According to him, the company’s success in a changing macroeconomic landscape is built on three pillars: operational excellence, disciplined risk management, and a relentless focus on customer-centric innovation. He noted that the banking business continues to demonstrate strong fundamentals, supported by a robust capital base and effective cost management.

    “Our strategic diversification into payments, asset management, and pension fund administration has provided complementary revenue streams, reinforcing our leadership in the financial services sector,” he added.

    Also speaking on the group’s 2024 performance, the Group Chief Executive Officer of GTCO, Mr. Segun Agbaje noted that, “In 2024, we reached a historic milestone, delivering over N1 trillion in profit before tax, becoming the first Nigerian financial institution to achieve this feat.”

    He emphasized that its banking subsidiary, Guaranty Trust Bank remains central to its operations, driving growth in Nigeria, West Africa, East Africa, and the United Kingdom.

    “In 2024, we navigated a rapidly evolving regulatory and macroeconomic environment with a focus on strengthening our financial position and delivering best-in-class banking services,” he explained.

    Agbaje also noted that the Central Bank of Nigeria’s recapitalization policy presented an opportunity to reinforce market leadership, allowing the group to complete the first phase of its equity capital raising plan through a Public Offer.

    “This Public Offer attracted strong participation from both domestic retail and institutional investors, raising N209.41 billion and expanding our shareholder base from 332,000 to over 460,000,” he added.

     “With this momentum, we are prepared to launch the second phase of our capital raising plan in 2025, targeting significant foreign institutional investments to further solidify our reputation as a globally recognized and competitive financial services brand,” he added.

    Looking ahead, Agbaje stated, “Our focus will be on deepening digitalization, enhancing customer experiences, and expanding our ecosystem of financial and non-financial solutions. We will continue to invest in cutting-edge technology, strengthening our cybersecurity framework, and building strategic partnerships that unlock new growth opportunities. Most importantly, we will remain true to our purpose: driving economic progress, fostering financial inclusion, and creating sustainable value for all stakeholders.”

    Shareholders commended the board for the financial performance achieved during the reviewed period, despite the challenging operating environment.

    Chief Timothy Adesiyan, speaking on behalf of shareholders, praised GTCO’s management for its impressive financial performance in 2024 and dividend payout.

    Also, Mrs. Bisi Bakara, national coordinator of the Pragmatic Shareholders Association of Nigeria, commended the board, management, and staff for their stellar performance and success in the face of adversity. She expressed approval for the proposed final dividend declaration of N7.03 per share, which totals N8.03 in dividend payments.

    For the year ended December 31, 2024, GTCO reported a remarkable 81.1 per cent surge in gross earnings, reaching N2.15 trillion, up from N1.19 trillion in 2023.

    Oyinlola before the end of the AGM also announced that as part of the company’s succession plan, Mr Suleiman Barau has been appointed as the new Group Chairman, pending regulatory approval.

    He highlighted Barau’s extensive experience and respect in the industry, noting that “he is a former Deputy Governor of the Central Bank of Nigeria, with a proven track record of leadership and strategic insight.

    “He has been a pioneering director of GTCO since its restructuring. I am confident that under his guidance, GTCO will continue to thrive, innovate, and deliver superior value to all its customers and stakeholders”, he stated.

  • Soludo Presents 3-Year Score Card to Anambra Indigenes in The UK.

    Soludo Presents 3-Year Score Card to Anambra Indigenes in The UK.

    In continuation of his town hall meeting with Ndi Anambra, Governor Charles Soludo will visit the United Kingdom on Monday, 21st April 2025, to meet with the state’s indigenes and present his administration’s scorecard, signaling the numerous achievements attained within the three years in office.

    The UK meeting, which will be held at the Saray Banqueting Suite, 54 The Market Square, London, N9 0TZ, UK, by 5 pm, follows the successful sessions with Ndi Anambra communities in Lagos and Abuja, where prominent indigenes of the state endorsed him for a second term in the forthcoming November gubernatorial election.

    Soludo also received commendation in infrastructural development which has led to the construction of road projects connecting different parts of the state, and urban regeneration plans where slums have been transformed; in education, where free education has been granted to students and schools built, with more employment of teachers, and in health, where general hospitals have been built, hospitals renovated, free healthcare services for pregnant women, and also where he has earned regional and national recognition for his laudable performance.

    Other areas include security reforms, with the signing into Law of the Anambra Homeland Security Law that birthed the state security system, Agunechemba to complement the existing security network, and the formation of Operation Udo Ga-Achi forces with modern technology gadgets to combat crime, with peace restored to the state; in human capital development with the various innovation scheme for youths, and the digitisation of the governance systems.

    At the Lagos and Abuja meetings, Soludo urged the people to invest in the state to boost economic activities and thereby enhance its growth, affirming that “Anambra is rising, and together we can build it to rise higher. All I see is what has not been done, and I promise the people of Anambra that I will do more.”

    The governor, who was recently honoured with the Vanguard Newspaper Governor of the Year Award for good governance on 11th April 2025, also clinched The Sun Newspaper ‘Governor of the Year 2024’ for his laudable achievements, and the Independent Newspaper ‘Governor of the Year 2024’ Award for his urban renewal initiatives.

    Soludo also emerged as the best-performing governor in primary healthcare delivery in Nigeria in 2024, the best in the Southeast region, and the best overall nationally. The award was presented to him by the Nigeria Governors’ Forum (NGF), the Bill and Melinda Gates Foundation, the Aliko Dangote Foundation, the Federal Ministry of Health, and the United Nations Children and Education Fund (UNICEF), among other laurels.

  • Unilever, UK Government and EY, Announce Grant of £500,000 for Five West African Startups, including three in Nigeria

    Unilever, UK Government and EY, Announce Grant of £500,000 for Five West African Startups, including three in Nigeria

    Set to scale local innovation for global impact

    TRANSFORM West Africa – an impact accelerator led by Unilever, the UK government, and EY – has awarded £500,000 in grant funding to five West African enterprises focused on circularity and regenerative agriculture. These grantees were recognised and celebrated at an event last night hosted by the British Deputy High Commissioner in Lagos.

    The selected organisations will also receive business insight, practical experience, resources and access to networks through Unilever and EY, to scale and maximise their impact.

    TRANSFORM, a global initiative led from the United Kingdom, appointed  Nigerian representatives from Unilever, the British High Commission and EY, to guide the selection process. Colleagues in the region leveraged local networks to source enterprises, attracting over 100 applications.

    The winners in Nigeria include:

    • Chanja Datti: A startup decentralising plastic waste processing with Micro-Recycling Plants (MRPs) near waste collection points;
    • Planet 3R: A social enterprise enhancing the livelihoods of women and youths in Nigeria by teaching them weaving skills to convert plastic and textile waste into functional goods (e.g., bags, boxes); and
    • Scrapays: A digital platform connecting waste producers to aggregators and processors.

    British Deputy High Commissioner in Lagos, Mr Jonny Baxter praised the innovators’ creative approach to plastic waste management, stating: “It’s very promising to see so many strong candidates working to reduce, collect and process plastic waste. With the World Earth Day fast approaching, we’re proud to support three Nigerian enterprises – Scrapays, Chanja Datti, and Planet3R who are demonstrating how digital networks can address recycling challenges and create economic growth while contributing to the global net-zero agenda.”

    Country Managing Director, Unilever Nigeria, Tobi Adeniyi, highlighted the importance of TRANSFORM’s approach which puts decision-making power into the hands of local leaders.

    “At TRANSFORM, we strongly believe that the best solutions are those developed by those closest to the challenge at hand. By tapping into our networks and expertise, we were able to use our local lens to identify the best innovators in the region.” he said.

    The selected enterprises will be able to receive in-kind support from EY professionals, helping them navigate growth challenges and scale their impact. 

    Sr. Partner, Head of Markets – EY West Africa, Ashish Bakhshi also commented: At EY, we are proud to collaborate with Unilever and BHC on TRANSFORM, where we bring our knowledge, skills and professional experience to support impactful enterprises and foster innovation. We saw many applications from across the region that are coming up with creative, innovative and inspiring solutions towards creating a more sustainable world – and we look forward to harnessing this ecosystem to create a better future for everyone, together.”

    These Nigerian enterprises join thirteen others supported by TRANSFORM in West Africa including WeCyclers, a pioneering rewards-for-recycling platform, incentivising people in low-income communities in Nigeria to exchange recyclable waste for essential goods, and Reeddi Technologies which provides cleaner, more reliable and affordable electricity to households and businesses operating in energy-poor regions through its solar-charged-battery-powered generators, Capsule.

    The thirteen enterprises have reached over 2 million people in West Africa and are part of a wider TRANSFORM global community which have positively impacted the lives of more than 18 million people in 20 countries.

  • Ajayi Crowther Alumni Launches New Branches In UK, US, Canada

    Ajayi Crowther Alumni Launches New Branches In UK, US, Canada

    …Opens New website for Loan Disbursement to Alumni Members

    The Ajayi Crowther University Alumni Association has expanded its global network with the launch of new branches in three countries, including the United States of America, Canada, and the United Kingdom.

    The association has also launched new branches in Abuja, Lagos, and Ibadan.

    This is contained in a statement signed by the Alumni’s President, Busoye Ogunlade, in Ibadan on Monday.

    He said the alumni inaugurated new executives that would run the affairs of the organisation in the aforementioned countries and states for the next three years.
    The new branch Executives are:
    ACU Alumni United States Coordinator: Temitope Okegbemiro
    ACU Alumni United Kingdom (UK) Coordinator: Omowumi Yewande Ajayi
    ACU Alumni Ibadan Branch Coordinator: Oni Ayodeji Emmanuel
    ACU Alumni Lagos State Branch Coordinator: Oluwatobiloba, Babatunde-Ayoola
    ACU Alumni Abuja Branch Coordinator: Slim-Wonah Oluwaseun Oluwatomi (nee Adetayo)
    ACU Alumni Canada Coordinator: Seyi Adepoju.

    According to him, it was part of his manifesto, when he contested for the position of the Alumni’s President, that he will expand the Alumni association across the globe, adding that the new branches are an exclusive launch pad for excellence.

    Ogunlade said the Alumni Association has enjoyed full collaboration with the university and will look into ways to establish an endowment fund for research and support lecturers to mitigate brain drain.

    Mr. Ogunlade noted that the marvellous support given to them by the management of the institution culminated in the successful launch of the new branches.

    The President urged graduates of the institution to play a complementary role in driving reform and development in ACU, even as the university celebrates her 20th anniversary this year.

    He said the new executives who will hold the affairs of each chapter comprise senior public servants and professionals in various fields of endeavours.

    The President therefore called on all members to cooperate with the new officials to enable them to perform well, charging the new executives to lead by example and exhibit good leadership qualities at all times.

    He equally called on members not to relent in their support to enable the new officials to thrive.

    “On this note, we invite all old students of ACU to give the executives in their countries and states your unwavering support so that we can collectively, steadily and fearlessly navigate the tough terrain ahead of us,” Ogunlade said.

    He added, “Members’ support would enable the new teams to build a strong, efficient, and prosperous alumni association to the glory of God and humanity.”

    Mr. Ogunlade also added that the alumni association has launched its website, www.acu-alumni.com, for easy access to information on the institution and processing of transcript.

    He advised members to register on the website for easy collation of names and disbursement of loans for small-scale businesses to members of the association.

    “We have come up with different ideas to ease the burden on each student. This is why we created a new website to assist them in different ways, including disbursement of loans and processing their results and transcripts”.

  • FIRSTHOLDCO: Reinforcing ESG, sustainability initiatives as it rebrands

    FIRSTHOLDCO: Reinforcing ESG, sustainability initiatives as it rebrands

    By A.Ezekiel

    In a world where approximately 20% of new businesses fail within the first two years, 45% within five years, 65% within ten years, and only 25% make it to 15 years or more (according to the US Bureau of Statistics), any business that has crossed 15 years should be sharing insights on survival and success.

    But what about businesses that have lasted twice that long? Or a financial services group that has thrived for over 130 years, especially in Africa, where business survival rates are likely lower than those statistics from the Global North? Such a group has certainly earned the right to teach masterclasses on business longevity.

    First HoldCo Plc (FirstHoldCo), recently rebranded from FBN Holdings Plc, exemplifies sustainable business practices. A well-diversified group, it is one of Africa’s largest financial services organisations, offering innovative financial solutions through its subsidiaries in commercial banking, asset management, capital markets, securities, trusteeship, and insurance brokerage. FirstHoldCo ensures strategic coordination and synergy among its subsidiaries to deliver long-term value for stakeholders.

    Retaining the legacy strengths and experience of FBN Holdings Plc, FirstHoldCo ensures that its subsidiaries enhance positive environmental, social, and governance (ESG) impacts while minimising or eliminating negative ones. This includes managing ESG risks in the workplace, marketplace, community, and environment, with the institutional capability to turn risks into opportunities.

    For example, ESG risk management enhances credit and investment decision-making, de-risking processes for subsidiaries such as FirstBank and FBNQuest. It also strengthens social relationships with the communities in which these subsidiaries operate.

    ESG and sustainability may be buzzwords for some corporations seeking to appear politically correct, but at FirstHoldCo, they are integral to its identity. The company is self-driven in aligning its strategy and operations with ESG principles and setting new sustainability benchmarks for financial services in Nigeria.

    FirstHoldCo’ s flagship subsidiaries, FirstBank and FBNQuest, integrate ESG risks into their products, services, and offerings from the ideation stage through to development and launch. This approach drives responsible lending and investment practices, enabling the group to leverage ESG market opportunities while promoting sustainable socio-economic growth.

    FirstHoldCo also prioritises people empowerment, fostering a work environment rooted in equal opportunities, diversity, and inclusion. A notable achievement is bridging the diversity gap, reaching a 40% female to 60% male employee ratio in 2023, one year ahead of its 2024 target.

    The group also supports the communities where its subsidiaries operate, ensuring its impact resonates positively. Since 2017, it has implemented the SPARK (Start Performing Acts of Random Kindness) initiative and Corporate Responsibility and Sustainability (CR&S) Week. In 2023, these initiatives impacted 60,000 lives through outreaches to 60 orphanages, 20 schools, and hospitals across Nigeria, Ghana, Senegal, The Gambia, the Democratic Republic of Congo, Sierra Leone, and the United Kingdom. Donations included consumables, computers, clean water projects, school renovations, wheelchairs, and cash. Employees committed over 27,000 volunteer hours to these initiatives.

    In 2023, FirstBank reinforced its commitment to empowering women through FirstGem, a financial product supporting women-led businesses. Over N36 billion in loans were disbursed at a single-digit interest rate of 9%. Additionally, its Agency Banking business, FirstMonie, expanded its female agent network to over 55,000.

    Inclusion remains a key focus, with FirstBank enhancing accessibility for physically challenged customers in 234 locations, making 25 branches fully accessible and improving access at 209 others. It also expanded the SPARK initiative to institutions like the Bethesda School of the Blind and the Down Syndrome Foundation in Lagos.

    FirstBank operates an Environmental, Social, and Governance Management System (ESGMS) to drive responsible lending and minimize ESG risks. In 2023, this system was enhanced to ensure real-time transparency in corporate credit screenings. That year, 2,239 credit transactions worth N4.236 trillion were assessed for ESG risks.

    To strengthen ESG compliance, FirstBank collaborates with development partners such as British International Investment, the African Development Bank, the International Finance Corporation (IFC), and Proparco, a French development finance institution. Its partnership with Proparco is crucial for integrating climate initiatives into business strategy. This project enhances its understanding of financed emissions and positions it for climate financing and investment opportunities.

    This initiative will help FirstBank reduce greenhouse gas (GHG) emissions, mitigate exposure to physical and transition risks, and strengthen climate adaptation efforts. It also reinforces its market competitiveness as an ESG leader committed to a low-carbon economy.

    As part of its commitment to decarbonisation, FirstHoldCo’ s FirstBank actively engages in reforestation and afforestation through partnerships focused on carbon dioxide (CO2) removal. In 2023, it pledged to plant 50,000 trees by 2025 in collaboration with the Nigerian Conservation Foundation (NCF). That year, it planted 1,000 trees at the Lekki Conservation Centre, Lagos; Model Secondary School, Maitama, Abuja; and Federal Government Girls College, Calabar. By the following year, it had planted an additional 30,000 trees, bringing the total to 31,000.

    FirstBank also drives thought leadership in climate finance, promoting knowledge on carbon mitigation and climate adaptation. A notable effort was a webinar themed ‘Harnessing Climate Finance Opportunities in Nigeria,’ held in partnership with the Sustainability Practitioners Institute of Nigeria (SPIN). The event featured prominent ESG and sustainability experts such as Professor Kenneth Amaeshi, Dr. Muntaqa Umaru-Sadiq, and Carina Dunker, underscoring FirstBank’s commitment to advancing climate finance discussions.

    With so much achieved and ongoing ESG/sustainability initiatives, what is the greatest impact of ESG at FirstHoldCo?

    For the group, it is the net positive effect on the communities where its subsidiaries operate. For individuals, it is the tangible benefits from its financial solutions and CSR initiatives. For businesses, it is the sustainable practices FirstHoldCo champions, setting a standard for responsible corporate leadership.

  • Access Bank Clinches THISDAY’s ‘Global Bank of the Year’ Award, Aig-Imoukhuede is Named ‘Titan of the Year’

    Access Bank Clinches THISDAY’s ‘Global Bank of the Year’ Award, Aig-Imoukhuede is Named ‘Titan of the Year’

    Access Bank PLC, the flagship subsidiary of Access Holdings PLC, has been honoured with the prestigious THISDAY Global Bank of the Year award for 2024, recognising its significant impact on the global banking landscape. In addition, Aigboje Aig-Imoukhuede, Chairman of Access Holdings, received the distinguished THISDAY Titan of the Year award for his exceptional contributions to the banking sector in 2024.

    At THISDAY Awards 2025, Access Bank emerged victorious, surpassing African Export-Import (AFREXIM) Bank and United Bank for Africa (UBA) to claim the coveted title. The prestigious award ceremony, held at Eko Hotels & Suites in Victoria Island, Lagos, marked the 30th anniversary of THISDAY Newspapers and the 12th anniversary of Arise News Channel, with the theme, “When the Going Gets Tough… The Tough Get Rewarded.”

    THISDAY Newspapers highlighted Access Bank’s nomination, praising its strategic leadership, rapid expansion, and unwavering commitment to innovation and sustainability. The bank’s leadership in digital banking was also recognised, with Access Bank receiving multiple accolades, including the 2024 Digital Jurist Award for Best Digital Bank.

    In addition to its achievements in digital banking, Access Bank has demonstrated a strong commitment to environmental, social, and governance (ESG) principles, earning the 2024 Euromoney Award for Best Bank for ESG in Nigeria and Ghana.

    With an expanding international presence in the United Kingdom, Ghana, United Arabs Emirates, China, and several African nations, Access Bank continues to solidify its position as a major global banking player.

    The bank’s innovative approach is further evidenced by its cutting-edge technological initiatives, including Facepay, Access Closa, the AccessMore mobile app, and Africa Fintech Foundry—further establishing Access Bank as a leader in technological  advancements, and underscoring its deserving recognition as Global Bank of the Year.

    During his acceptance speech, Access Bank’s Managing Director and CEO, Roosevelt Ogbonna, expressed his gratitude to the public, THISDAY Newspapers, and Arise Media Group for the recognition. He remarked, “This award represents 30 years of hard work of doing things differently, and of building on the legacy of industry giants like Aigboje Aig-Imoukhuede and Herbert Wigwe. We are deeply grateful to our board, management, customers, and stakeholders, who have continuously supported us. This award is for you, and we accept it in your honour.”

    Similarly, Aigboje Aig-Imoukhuede, along with 11 other influential leaders, was recognised with the THISDAY Titan of the Year award for 2024. Reflecting on his journey, Aig-Imoukhuede shared, “In 1991, Prince Obaigbena and I first met as customer and banker. He told me that anyone fortunate enough to manage his account would one day become a managing director of a bank, and I am thankful that God fulfilled that vision. It is an incredible honour to stand with such esteemed colleagues.”

    The star-studded event, which brought together dignitaries from both the private and public sectors, celebrated excellence, innovation, and leadership across industries and the political landscape.