UBA to Empower Female Entrepreneurs, Drive Financial Inclusion with N5 Billion BOI MSME Fund

UBA to Empower Female Entrepreneurs, Drive Financial Inclusion with N5 Billion BOI MSME Fund

Africa’s global bank, United Bank for Africa (UBA) Plc, has secured a N5 billion loan facility from the Bank of Industry (BOI), to boost key sectors of the economy and support the growth of sustainable and viable businesses in the country, especially the micro, small, and medium enterprises (MSMEs) owned by women.

The facility disbursed through the Federal Government’s MSME Fund, is designed to stimulate key sectors of the economy, while offering affordable financing to support businesses, with a primary focus on Green Energy, Education, Healthcare, and Women-Owned Enterprises.

UBA’s Group Managing Director/CEO, Oliver Alawuba, who spoke about the facility emphasised the bank’s commitment to fostering economic growth by empowering MSMEs, which he described as the “livewire of any developing economy.

He said, “At UBA, we recognize the pivotal role MSMEs play in driving economic development, and how they make up a sizeable portion of what drives our economic growth. It is in this vein that we have decided not to rest on our oars by facilitating initiatives dedicated to empowering businesses with the financial support they need to thrive.”

Alawuba maintained that, “by offering loans at a competitive 9% interest rate with a three-year tenor, we are removing the traditional barriers that hinder SME growth in Nigeria and Africa. And by this, our message to business owners is simple: Don’t let this once-in-a lifetime-opportunity elude you,”

The facility provides a maximum loan amount of N5million per obligor, with a three-month moratorium on principal repayments, ensuring businesses have ample time to stabilise before they begin to service the loans.

UBA’s Group Head of Retail and Digital Banking, Shamsideen Fashola who highlighted the strategic importance of the targeted sectors to the nation’s continued growth, noted that the initiative will strengthen financial inclusion and set the country and indeed the continent on the path of sustainable development.

“We are structuring this facility to align with our broader mission of financial inclusion and economic empowerment. For us at UBA, we will be targeting Green Energy, Education, Healthcare, and Women-Owned Enterprises, which are critical to Nigeria’s sustainable development,” he noted.

Continuing, he said, “This facility is structured to ensure that businesses in these sectors can access affordable funding, expand their operations, and contribute meaningfully to the economy. We are excited to partner with BOI to make this a reality.”

Also speaking at the loan facility unveiling, Group Head, Marketing and Corporate Communications, Alero Ladipo, took time to highlight the competitive interest rate and government backing as well as urge business owners, especially women to take advantage of the initiative.

“What sets this program apart is its accessibility and affordability. We have worked closely with stakeholders to ensure the terms are business-friendly because we understand the challenges entrepreneurs face. I urge eligible businesses to visit any UBA branch or the bank’s official website to begin their application process right away,” Ladipo stated.

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 and 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

Eyewitness Account: Dangote Truck not responsible for Auchi Accident

Eyewitness Account: Dangote Truck not responsible for Auchi Accident

Dangote Cement truck did not cause the tragic accident, which occurred on the Auchi-Okpella-Okene road, near Omega Fire Ministry in Auchi, Etsako West Local Government Area of Edo State, contrary to online reports.

An eyewitness, Audu Omale, who gave a vivid account of the accident, recalled that “a third-party truck loaded with cement was moving in the opposite direction of the Dangote Cement (DCT) CNG truck on a slopy road. The commercial truck driver lost control of his truck due to a suspected brake failure, ran into a moving vehicle, a motorcycle and eventually crashed into the side of the DCT truck. The DCT CNG truck caught fire in the process.

“Consequently, three persons from the vehicle hit by the third-party truck lost their lives while two persons sustained varying degrees of injuries and were rushed to a nearby hospital for treatment. The DCT truck driver escaped to avoid mob attack,” Omale clarified.

In a related development, the Police Public Relations Officer (PPRO) of the Edo State Police Command, CSP Moses Yamu, confirmed that the accident involved two trucks, one belonging to Dangote Cement, another truck, which has not been identified, and a GLK Mercedes Benz car.

The Edo PPRO noted that all the three occupants in the GLK were confirmed dead in the hospital while the Dangote truck caught fire which was brought under control.

“I can confirm to you that three vehicles were involved in an accident in Auchi at midday, two trucks and one GLK Benz. The police moved to the scene of the accident and evacuated three occupants of the GLK to the hospital where they were confirmed dead.

“Two of the vehicles involved were trucks, one belonging to Dangote Cement and another unidentified one. The Dangote truck caught fire and was brought under control,” Yamu stated. He added that investigation was ongoing.

PASSEC Uncovers Forgery, Fraud under ASSBIFI President, Petitions Labour Minister

PASSEC Uncovers Forgery, Fraud under ASSBIFI President, Petitions Labour Minister

The Pan-African Society for Social and Economic Change (PASSEC) has formally appealed to the Honourable Minister of Labour and Employment, urging immediate action concerning serious allegations of forgery, fraud, and financial mismanagement within the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI).

The organisation claimed that the issues stem from the controversial leadership of Mr. Olusoji Oluwole, who was allegedly imposed as the National President following manipulated elections in 2022 that deprived the legitimate President-elect of the Association, Comrade Amina Danesi, who emerged after a free and fair election of her rightful mandate.

In a letter addressed to the Minister, PASSEC alleged that, Mr Oluwole’s appointment was facilitated through fraudulent means.

According to the society, Oluwole’s employment with Sterling Bank was terminated in 2020, rendering him ineligible for leadership under the Trade Union Act.

It was alleged that forged employment records—including falsified payslips, pension documents, and tax information—were produced with the complicity of certain staff members within Sterling Bank’s Human Resources Department.

The letter emphasised that the Managing Director of Sterling Bank may be unaware of these fraudulent activities, which could have significant implications for the bank’s reputation and operational integrity.

PASSEC argues that these developments not only jeopardize the credibility of ASSBIFI but also posed a threat to the principles of trade unionism in Nigeria.

Adding to the gravity of the situation, PASSEC claims that over N300 million has been misappropriated since Mr. Oluwole’s leadership began in November 2022.

The organization further alleged that officials within the Ministry of Labour have ignored formal petitions submitted by aggrieved ASSBIFI members, calling into question the transparency and accountability of the Ministry’s oversight role.

In light of these allegations, PASSEC has called for several urgent actions from the Ministry of Labour and Employment:

The union called for independent investigation into Oluwole’s current employment status, to be conducted jointly by the Ministry and Sterling Bank and a formal request for Sterling Bank to release Oluwole’s original payslip, pension, and tax records from 2020 to present.

Also a directive to the Trade Union Congress (TUC) to suspend recognition of the disputed ASSBIFI leadership pending investigation results and referral of the matter to relevant law enforcement agencies—including the Economic and Financial Crimes Commission (EFCC), Department of State Services (DSS), Central Bank of Nigeria (CBN), and Independent Corrupt Practices Commission (ICPC)—for thorough investigation and potential prosecution.

And the initiation of a process to restore lawful leadership within ASSBIFI based on its constitution and the will of its members, which originally elected, Comrade Amina Danesi in a free and fair election on November 12, 2022.

Comrade Basah Mohammed, Executive Director of PASSEC, stressed the need for prompt intervention by the Minister to uphold the integrity of Nigeria’s trade union system and prevent a precedent of fraudulent leadership.

“We stand ready to cooperate with your Ministry and relevant agencies to ensure that justice is served and the sanctity of public and labour institutions is upheld,” he said.

As this situation unfolds, all eyes will be on the Ministry of Labour and Employment to respond decisively to these serious allegations that threaten not only ASSBIFI but also the broader landscape of labour governance in Nigeria.

Симферополь: мир куртизанок без расписания — интимный досуг без границ

Симферополь, уютная столица Крыма, известен не только своей историей и культурным наследием, но и уникальным социальным явлением — легализованной проституцией. Этот аспект жизни города открывает перед экскурсантом совершенно новые горизонты. Скорее всего, многие, кто задумывается о путешествии, не осознают, что фигурка куртизанки — это не просто миф, а часть реальности. Каково это — жить и работать в городе, где интимные услуги легальны и не имеют определенного расписания? Настоящий мир, где каждое мгновение может быть наполнено страстью, нежностью и откровением. В данной статье мы попробуем разобраться в этом многообразном, порой противоречивом явлении, которое вносит свой вклад в культурный и социальный ландшафт региона.

Мы подробно рассмотрим, как работает рынок интимных услуг в Симферополе, какие аспекты легализации проституции стоит знать — от правовых вопросов до стереотипов и реалий, с которыми сталкиваются куртизанки и клиенты. Читая нашу статью, вы получите полное представление об этой интересной и неоднозначной теме.

Легализация проституции: как это работает в Симферополе?

Легализация проституции в Симферополе носит специфический характер. Важно понимать, что данное явление обросло множеством нюансов. С одной стороны, куртизанки работают в пределах закона, с другой — зачастую сталкиваются с определенными ограничениями и стереотипами.

Для начала необходимо отметить, что легализация определяет условия, при которых куртизанки могут вести свою деятельность. На законодательном уровне это означает, что у женщин есть возможность зарегистрироваться как Индивидуальные предприниматели (ИП), получать медицинские сертификаты и легально предлагать свои услуги. Это создает определенные гарантии как для куртизанок, так и для клиентов.

Однако стоит учитывать, что, несмотря на законные рамки, многие женщины все равно предпочитают работать «в тени». Основные причины — это страх перед обществом, предвзятое отношение и, конечно же, желание сохранить свою личную жизнь в секрете. Это создает своеобразную «двойную реальность», где легальность не всегда означает открытость.

Социальный аспект: мнение общества

Отношение к куртизанкам в Симферополе варьируется. С одной стороны, есть точка зрения, что легализация облегчает жизнь как женщинам, так и мужчинам, обеспечивая безопасные условия. С другой стороны, существуют стереотипы и предвзятости. Многие люди все еще считают, что женщины, работающие в этой сфере, осуждаются обществом за свой выбор.

Важно понимать, что вдруг пробуждающиеся стереотипы часто зависят от культурного контекста. В Симферополе, где традиционные ценности все еще играют большую роль в жизни, куртизанки иногда подвергаются осуждению. Общественное мнение формируется не только через личные ощущения, но и через СМИ, которые часто акцентируют внимание на негативных аспектах эротической работы.

Другие участники рынка: мадам, клиенты и агенты

Интересный момент, который стоит обсудить — это взаимодействие между различными игроками на рынке интимных услуг. В Симферополе можно встретить не только куртизанок, но и их «проводников» — агентов или «мадемуазелей», которые помогают создать более комфортные условия для обеих сторон. Работа таких профессионалов может включать организацию встреч, подбор подходящих куртизанок, а также консультации по безопасности.

Клиенты тоже разнообразны. Это могут быть как местные жители, так и туристы разных возрастов и социального статуса. Для одних интимные услуги — способ получить физическое удовольствие, для других — это возможность избавиться от стресса, общения или одиночества. Важно также помнить о том, что ни один рынок не существует в вакууме: в Симферополе проституция соприкасается с рядом других социальных проблем — от обеспеченности населения до уровня здравоохранения.

Безопасность и здоровье: как обеспечить безопасные условия

Одним из самых актуальных вопросов в сфере интимных услуг является безопасность. Легализация дает возможность куртизанкам получить доступ к медицинской помощи, проходить регулярные проверки и таким образом защищать себя и своих клиентов от заболеваний. Важным аспектом здесь является соблюдение правил гигиены и сохранение личной безопасности https://novo-peredelkino-jov.info/elite/.

Клиентам следует помнить о нескольких правилах, которые обеспечат безопасное времяпрепровождение:

  • Выбор куртизанки на основании отзывов и рекомендаций.
  • Соблюдение мер предосторожности — использование средств защиты.
  • Обсуждение всех условий встречи заранее.
  • Уважение к личности куртизанки и её желанием.

Менее обсуждаемым, но не менее важным, является вопрос психологического аспекта работы в этой сфере. Многие куртизанки сталкиваются с эмоциональным выгоранием, что ведет к необходимости периодических перерывов в работе. Умение вовремя «включать и выключать» свою профессиональную часть жизни является залогом долгосрочного успеха.

Туризм и проституция: как интимные услуги влияют на экономику Симферополя

Симферополь как туристический центр Крыма привлекает год за годом все большее количество посетителей, и легализованные интимные услуги становятся частью этой экосистемы. Исследования показывают, что спрос на интимные услуги увеличивается во время высокого сезона, когда туристы прибывают с разных концов страны и мира.

Это, в свою очередь, создает новые рабочие места и возможности для женщин, желающих заработать. Однако здесь следует отметить, что не вся куртизанки ориентированы на туристов. Многие предпочитают работать только с местными клиентами, так как это зачастую считается более безопасным и предсказуемым.

Также стоит упомянуть о том, как легализация проституции влияет на репутацию города в глазах туристов. Для одних это может казаться привлекательным аспектом, способным украсить путешествие и добавить острых ощущений, для других — совершенно неприемлемым. Важно находить баланс и уважать выбор каждого.

Что ожидает будущее рынка интимных услуг в Симферополе?

С учетом социально-экономической обстановки и развития города, можно предположить, что рынок интимных услуг будет продолжать эволюционировать. Во-первых, это связано с появлением новых технологий, таких как сервисы для вызова куртизанок и платформа для безопасного сотрудничества. С покупкой услуг через интернет станет проще и доступнее.

Во-вторых, с нарастанием уровня образования и социальной осведомленности можно ожидать, что общественное мнение станет более благожелательным. Возможно, в будущем куртизанки будут получать большее уважение как профессии и возможности для самовыражения.

С другой стороны, интерес к этой сфере также может привести к появлению новых запросов и услуг. Мы можем увидеть возникновение специализированных куртизанок — обученных в определенных практиках, например, в искусстве массажа или стриптиза, что добавит в рынок дополнительное разнообразие.

Теперь, когда вы познакомились с многогранным миром куртизанок в Симферополе, остается лишь подчеркнуть, что данная тема требует здравого анализа и открытого подхода. Понимание процессов, действующих на этом рынке, помогает как участникам, так и клиентам принимать осознанные решения. В этом городе, где интимные услуги легализованы, каждый знакомится с пониманием границ и возможностей, что является важной частью социализации и самоопределения.

Каждый такой опыт — это не просто индивидуальная история. Это часть большого культурного контекста, ставшего частью жизни Симферополя, который продолжает развиваться и меняться.

AFRIMA 2025: FG, Lagos State Declare Readiness to Host Africa In November at Patron’s Dinner with the Jury

AFRIMA 2025: FG, Lagos State Declare Readiness to Host Africa In November at Patron’s Dinner with the Jury

L-R: AFRIMA Jury members,  Anthony Joseph, (Eastern Africa), Victoria Nkong, Associate Producer, AFRIMA, Motolani Alake, (Nigeria, West Africa),Messie Mboukoud, (Central Africa), Kobele Keita,  (Diaspora, North America), Neza Guy, (Côte d’Ivoire, West Africa),  AFRIMA President/Executive Producer, Mike Dada, Lagos State Commissioner for Tourism, Arts and Culture, Mrs. Toke Benson-Awoyinka,  AFRIMA Chief Experience Officer, CXO, Aderenle Niyi, Lucy Ilado, (Eastern Africa),  Delani Khalima , (Zimbabwe, Southern Africa) and Marwane Fachane,  (Northern Africa), at the AFRIMA 2025 Patron’s Dinner with the Jury held on Thursday, August 14 at Victoria Island, Lagos, Nigeria

It was a dazzling evening of elegance, warmth, and celebration as the All Africa Music Awards, AFRIMA, hosted its 2025 Patron’s Dinner with the International Jury in Lagos, Nigeria.

The gathering brought together policymakers, stakeholders in Africa’s creative economy, music executives, artists, media representatives, and AFRIMA’s international jurors from 14 countries who are responsible for ensuring the credibility of Africa’s global music awards.

The event was hosted by AFRIMA Patron, Dr. Bisi Onasanya, Chairman of The Address Homes.

This year’s jury session has brought together jurors from across the five regions of Africa and the diaspora in Lagos, Nigeria. For over a week, they worked tirelessly to select nominees from a total of 10,717 entries received for AFRIMA 2025. The AFRIMA 2025 Nominees List will be announced to the public on August 24, following the conclusion of the adjudication process.

Barrister Hannatu Musawa, Nigeria’s Minister of Arts, Culture, Tourism and the Creative Economy, who led a strong cast of dignitaries to the event, praised AFRIMA’s global impact.

“AFRIMA is a testimony of how the creative sector in Nigeria has developed to a global standard, even without strong government backup. We are proud of what AFRIMA stands for and the impact it has made in Africa and on a global scale, projecting our identity, culture, language, and music. As a government, we will continue to support initiatives like this not just because it celebrates art but because it strengthens the economy and unites us,” she said.

Representing the Lagos State Government, Commissioner for Tourism, Arts and Culture, Toke Benson-Awoyinka, assured stakeholders, artistes, and fans across Africa that the State is fully prepared to welcome the continent and the rest of the world.

Benson-Awoyinka, who was joined at the event by the Lagos State Commissioner for Information and Strategy,  Gbenga Omotosho, said, “I think we are in the right place at the right time. For us in Lagos, hosting AFRIMA 2025 is not just another event; it is a big honour. People say we are the culture and entertainment capital of Africa, and we are ready to welcome the whole continent and the world to our city for this great event.  We thank the Federal Government, our partners, and all those supporting AFRIMA for trusting Lagos to host again.”

In collaboration with the African Union Commission, AFRIMA 2025 is being organised alongside the Federal Government of Nigeria and the Official Host City, Lagos State.

For the Patron, Dr. Onasanya, who was acxompanied to the event by his wife, Mrs Olufunke Onasanya, families and friends and business mogul,Chief Musa Danjuma and Dayo Adeola, the focus is on creating a sustainable legacy and delivering the best AFRIMA yet.

“Tonight, we proudly recognise the incredible work of our jury members and say a big thank you to them. This year, we are excited to welcome Africa to AFRIMA. Africa and the rest of the world will see an amazing show in Lagos because we are confident of organising a successful event. I sincerely thank the Federal Government of Nigeria and our Official Host City, Lagos State, for their tremendous support, as well as our sponsors and every stakeholder who believes in AFRIMA. The last edition was fantastic, but I assure you that AFRIMA 2025 will be the best”

One of the jury members, Guy Neza, an Ivorian who is representing West Africa on the panel, said, “It has been an amazing journey for me to be part of this journey. Africa is full of amazing talent, and it makes me happy to see our music and creativity receiving the recognition they deserve, as AFRIMA is the continent’s biggest music entity. Every artist who sends in their work is helping our creative industry grow stronger.  With the quality of music we have screened, I can confidently say that the future of the industry is promising.”

AFRIMA President and  Founder, Mike Dada, thanked the jury, patrons, and creative stakeholders for their role in sustaining AFRIMA’s growth and success.

“I am truly grateful for the support from every corner of our creative industry; from the Federal Government of Nigeria, our Official Host City, Lagos State Government and Governor Babajide Sanwoolu, our Patron, to the media, to the artists, producers, and record executives. It is inspiring to see us working hand in hand with one shared goal to elevate Africa’s global music. We said at the beginning of this journey that we would not joke with the credibility of this awards; we insisted that any artist who will be nominated or win award must submit their work to qualify and this patron’s dinner is our way of honouring the AFRIMA jury, who dedicate their time to carefully select the finest talents from thousands of entries for nomination in their rightful categories,” he said.]

L-R: Lagos State Commissioner for Information and Strategy, Mr. Gbenga Omotoso, founder, Africa International Film Festival, AFRIFF, Chioma Ude, Minister of Arts, Culture & Creative Economy, Hannatu Musawa, President/Executive Producer, All Africa Music Awards, AFRIMA, Mike Dada, Lagos State Commissioner for Tourism, Arts and Culture, Mrs. Toke Benson-Awoyinka,  AFRIMA’s Patron, Dr. Bisi Onasanya and former minister of Information and Culture, during the AFRIMA 2025 Patron’s Dinner with the Jury held on Thursday, August 14 at Victoria Island, Lagos, Nigeria

Guests were also treated to a soulful performance by fast-rising star Qing Madi.  Adding to the sparkle of the night were appearances from music stars Ice Prince Zamani, Orezi, Praiz, and DJ Nana, among others.

The roll call of high-profile dignitaries included Lai Mohammed, former Minister of Information and Culture; media moguls Kenny Ogungbe, Dayo Adeneye and Id Ogungbe; respected journalists Mayor Akinpelu, Ayo Aminu, Mojeed Jamiu, Azu Arinze; Founder of AFFRIF, Chioma Ude, media and Entertainment personalities Olisa Adibua, Ali Baba, Sunday Are, Ehiz and Uti Nwachukwu, among others; alongside other notable figures from the arts, culture, and media space.

The AFRIMA 2025 celebration is set to take place from November 25 to 30 in Lagos. The week-long show will include a variety of events, such as the Welcome Soiree, the AFRIMA Music Village, the African Music Business Summit, a Host City Tour, the Nominees Party, and the main awards ceremony. This ceremony will be broadcast live to over 84 countries.

 

Lagos State Commissioner for Tourism, Arts and Culture, Mrs. Toke Benson-Awoyinka, former minister of Information and Culture, Lai Mohammed, Minister of Arts, Culture & Creative Economy, Hannatu Musawa, Lagos State Commissioner for Information and Strategy, Mr. Gbenga Omotoso, and President/Executive Producer, All Africa Music Awards, AFRIMA, Mike Dada during the AFRIMA 2025 Patron’s Dinner with the Jury held on Thursday, August 14 at Victoria Island, Lagos, Nigeria

Seyi Tinubu: Building Success Beyond the Family Name

Seyi Tinubu: Building Success Beyond the Family Name

General Colin Powell once said, “Success is the result of perfection, hard work, learning from failure, loyalty, and persistence.” Few modern Nigerian entrepreneurs embody this more than Oluseyi Afolabi Tinubu popularly known as Seyi Tinubu. While the son of President Bola Ahmed Tinubu enjoys the encouragement of his parents, his career path proves that his achievements are built on personal ambition, resilience, and strategic innovation — not inheritance.

Contrary to popular belief, Seyi’s rise is not simply a product of political influence. Driven by a desire to earn his father’s respect, he charted his own course early, venturing into industries far from his father’s political sphere — especially marketing communication and digital enterprise.

After graduating from the Nigerian Law School and being called to the Bar, Seyi faced a choice: pursue law or carve a path in business. Choosing the boardroom, he partnered with his childhood friend Adenrele Olusoga to explore entrepreneurial opportunities. Their early venture — an online movie streaming platform — failed, but it sparked Seyi’s interest in the digital space.

That interest gave birth to Loatsad Promomedia, a leading Nigerian digital and out-of-home advertising company, co-founded with Olusoga and supported by his then-fiancée (now wife), Layal. Without financial backing from his father, they pooled resources from previous ventures, secured licensing, and quickly positioned Loatsad as a formidable player in the advertising industry.

Over the years, Seyi expanded operations with SDM Communications, pioneering several firsts in Nigeria’s digital advertising sector:

  • Exclusive partner for Truecaller after-call and in-app ads (2016–2018), selling over 85% of national ad inventory to top banks, FMCG brands, and real estate firms.
  • Among the first agencies to run Snapchat ad campaigns in Nigeria from 2015.
  • Exclusive reseller for Shazam Ads in Nigeria (2014–2018), facilitating high-impact campaigns for musicians and consumer brands until Apple’s acquisition ended the deal.
  • Strategic collaborations with WeTransfer, Admaxim, Rocketfuel, and Airpush to deliver innovative ad solutions nationwide.

Through calculated risk-taking, a willingness to learn from failure, and an unshakable determination to excel, Seyi has grown Loatsad/SDM into an industry leader with ambitions to dominate African advertising and compete globally.

His story underscores a universal business truth: success comes from vision, courage, disciplined financial planning, and a touch of divine favour — not merely from a famous name.

Nigeria’s Local Content Successes Shine at Namibian Conference

Nigeria’s Local Content Successes Shine at Namibian Conference

Nigeria’s local content successes in the oil and gas industry was a constant reference point in discussions at the opening day of the 2025 Namibia Oil and Gas Conference, which began on Tuesday at Windhoek, Namibia.

The event is being attended by policymakers, international oil and gas operating and service companies, Namibian indigenous players and other stakeholders. The goal is to enhance the local content ecosystem in the Southern African country’s evolving oil and gas industry.

The Nigerian Content Development and Monitoring Board (NCDMB) and the Petroleum Technology Association of Nigeria (PETAN) are participating at the Namibian event in furtherance of their collaboration in the promotion of African local content, creation of opportunities and new markets for Nigerian oil and gas companies.

The Board’s delegation is led by the Executive Secretary, Engr. Felix Omatsola Ogbe, represented by the Director, Corporate Services, Dr. Abdulmalik Halilu, while the PETAN team is led by its Chairman and member of NCDMB Governing Council, Mr. Wole Ogunsanya.

Dr. Halilu delivered a presentation at the Local Content Masterclass at the opening, and outlined a number of strategies that African oil producing countries can adopt to grow their local content capabilities.

According to him, local content value proposition for Africa include research and technology development, local employment, strategic partnerships, ownership and control of assets, value chain optimisation, sustainable operations, increase production and utilization of locally made goods and contribution to gross domestic product (GDP).

He identified government’s role in supplier development as regulatory, developmental and promotional.

Using Nigeria as a case study, Halilu listed key achievements of NCDMB to include the establishment of world class fabrication and construction yards, human capital development, manufacturing initiative, service sector growth, financial support and establishment of integration capability for floating production and storage and offloading facility (FPSO).

On the new wave of local content development in Nigeria, the Director pointed to the promotion of equipment assembly and components manufacturing, development of small and medium enterprises, enforcement of research and development and technology transfer as well as prioritization of gas based industrialisation.

Dwelling on strategies that would support the growth of African local content, he urged oil-producing countries to specialise in different manufacturing and service areas of the oil and gas industry and develop their competencies to the right specifications. This will enable the countries to trade among themselves and contribute towards the manufacturing of complex oil and gas equipment.

He cited an example with the Boeing aircraft, which has critical components produced by different original equipment manufacturers (OEMs) and assembled at a designated factory. Such a model, he noted, will ensure that each African country develops a competitive advantage and can contribute effectively to the African oil and gas industry.

The representative of the Executive Secretary concluded by offering local content nuggets, which include that local content implementation is not a sprint but a marathon and must be executed as a business and not as corporate social responsibility. Local content must also be cost effective and local peculiarities must be given key considerations, he noted.

Other recommendations include that local content regulations must apply to all players in the industry and not only foreign companies or expatriates and the implementation takes time, consistency, and coordination. He equally suggested that capacity building initiatives should include grassroots and underserved communities, adding that local content practice would not grow if new projects are not developed.

He ended by assuring the audience that Nigeria is ready to partner with Namibia and other African nations to build an energy sector that empower the African people and drive shared prosperity.

The opening day also featured a presentation by NCDMB’s General Manager Human Capacity Development, Esueme Dan Kikile, Esq. He further shared the Board’s success stories in human capital development.

The conference continues till Friday and is expected to feature another presentation by the NCDMB boss on Wednesday, while one of the panel discussions would feature the Chairman of PETAN Mr. Wole Ogunsanya.

The Alternative Bank Targets Women, Men, and Farmers with National Financial Inclusion, Entrepreneurship Drive

The Alternative Bank Targets Women, Men, and Farmers with National Financial Inclusion, Entrepreneurship Drive

The Alternative Bank, one of Nigeria’s leading non-interest banks, has ramped up its efforts to promote economic empowerment and financial inclusion for market traders and smallholder farmers across the country. With a focus on improving access to banking services, the Bank is providing critical financial support to some of Nigeria’s most underserved communities.

The initiative, undertaken through an agreement between Sterling Financial Holdings Company and the Association of Market Women/Men and Farmers of Nigeria (AMWMF), aims to address the challenges faced by millions of market women, men, and farmers who have long been excluded from formal banking systems. According to the Central Bank of Nigeria, approximately 26% of Nigerian adults, or about 28.8 million people, remain financially excluded, with rural communities and informal sector workers being particularly affected. is working to change this by making essential financial services accessible to these groups, particularly women.

Through this new initiative, The Alternative Bank is opening access to formal financial services for over 16 million members of the AMWMF. The collaboration is designed to provide members with access to a range of banking services, including zero-fee accounts, microloans, and SME funding, aimed at fostering business growth and financial independence.

Korede Demola-Adeniyi, Executive Director at The Alternative Bank, shared her thoughts on the role of banks in supporting grassroots financial inclusion, saying, “To adequately bridge the financial inclusion gap, financial institutions must continue to devote resources towards removing the barriers that have historically hindered large segments of our population. For the unbanked and underbanked, the challenges go beyond the lack of physical infrastructure and extend to deeper issues of trust, financial illiteracy, and systemic exclusion from mainstream financial services.

“At The Alternative Bank, we are committed to breaking these barriers by offering tailored solutions and championing programs that empower people to take control of their financial futures. We believe that by simplifying access to financial services and addressing these long-standing obstacles, we can unlock the potential of millions of grassroots entrepreneurs and contribute to broader economic growth.”

Recognising education as a key factor in the country’s financial literacy gap, The Alternative Bank is offering the Association’s members access to financial literacy training and personalised business support, aimed at empowering them with the knowledge and skills to manage and grow their finances effectively. In addition, the Bank is also supporting business growth by offering no initial fees for point-of-sale (POS) terminals to vendors, making it easier for them to accept electronic payments.

The drive, which began in Oyo State, will extend to 15 other states across Nigeria’s geopolitical zones throughout the course of the year and has since received strong support from AMWMF’s leadership. Erelu Dr. Becky Olubukola, the National President of the Association, praised the collaboration as a crucial step towards realising the association’s vision of creating an environment where every member has the opportunity to thrive. She emphasised that, by working with financial institutions like The Alternative Bank, the association could vastly expand opportunities for its members and help drive local economic development.

In addition to banking services, The Alternative Bank is also exploring innovative solutions to meet the diverse and evolving needs of grassroots entrepreneurs. This includes the deployment of electric-powered tricycles for market vendors to help with the transportation of goods and the introduction of health and medical kiosks in underserved areas to improve access to basic healthcare. Furthermore, the Bank is committed to creating wealth for the Association’s members through initiatives like its waste-to-wealth program, which enables participants to convert waste materials into viable income-generating ventures.

CODRA Case against Adron Homes Dismissed

CODRA Case against Adron Homes Dismissed

In a legal victory for Adron Homes, the Federal High Court sitting in Abeokuta, Ogun State, has dismissed the suit brought by the Registered Trustees of the City of David Residents Association (CODRA) and five others, Elder Gbadebo Aromolaran, Mr. Adetokunbo Adeshile, Mr. Olaolu Ayinde, Olusegun Aba Yomi Esq, Oluwadamilare Awokoya Esq, against Adron Homes and Properties Limited.

The case, Suit No. FHC/AB/FHR/58/2023, was presided over by Hon. Justice Abiodun J. Adeyemi, who, after an exhaustive review of the claims and evidence presented, found the Applicants’ allegations to be unsubstantiated, speculative, and without merit.

The Applicants had alleged that Adron Homes infringed on their right to personal liberty. However, the court held that they failed to present any credible evidence showing that Adron Homes posed any threat or committed any act constituting a breach of their fundamental human rights.

Hon. Justice Adeyemi noted that there was no record or proof of any invitation, arrest, or action traceable to Adron Homes that could justify such a claim. He concluded that the allegations were merely speculative and unsupported by evidence.

On the claim of proscription and infringement of the Applicants’ right to freedom of association, the court ruled emphatically that Adron Homes has no power to proscribe CODRA or prevent residents from associating. However, in a critical clarification, the court affirmed that while residents are free to associate among themselves, the legal right to own, manage, and make administrative decisions concerning the estate remains vested in Adron Homes, as the rightful developer and manager.

Justice Adeyemi stressed that the court’s decision was guided strictly by evidence and the law, not by conjecture or subjective interpretation. Consequently, the Applicants’ case was dismissed in its entirety.

Despite Adron Homes’ victory in the lawsuit, the organisation’s true victory is in ensuring the well-being and satisfaction of all its subscribers and residents, and they will not relent in guaranteeing this.

This landmark judgement not only vindicates Adron Homes but also reaffirms its position as a law-abiding, customer-focused developer dedicated to delivering value and protecting the interests of its clients.

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The best way to see what type of operator Zlatobet Casino is would be to compare it to other, similar casinos. This can help you get a clear picture of how this operator fares when compared to its competitors. The best way to avoid getting into such disputes is to always opt for a registered online casino, and in this case, this online gambling locale is holding the license of the government of Curacao. The very important subject that we always like to address before moving on to rewards, games, and other things is that of the overall security for registered players. As I already mentioned, Zlatobet Casino has been opened relatively recently, which makes it difficult to conclusively judge its qualities, positives and imperfections.
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Take a look at the explanation of factors that we consider when calculating the Safety Index rating of Zlatobet Casino. The Safety Index is the main metric we use to describe the trustworthiness, fairness, and quality of all online casinos in our database. UK players can enjoy the full game catalog, deposit in crypto and cash out with fewer restrictions. For our regular customers, there is a ‘Gold Reserve’ loyalty program and regular promotions such as the weekly ‘Gold Rush’.

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