The Nation Newspaper

Author: The Nation

  • Lagos moves against African swine fever, others

    Lagos moves against African swine fever, others

    Lagos State government has intensified its biosecurity measures and support programmes for pig farmers as part of a proactive effort to protect the state’s livestock industry from a worrying global rise in animal diseases, particularly African Swine Fever (ASF) and E. coli infections. The heightened response follows international reports confirming the widening geographical spread and severity of these pathogens across several continents.

    ASF, a persistent and devastating challenge for pig farmers, remains at the centre of the government’s intervention.

    Through the Livestock and Veterinary Services Departments, Lagos State has implemented strategies aimed at preventing outbreaks, containing the disease when detected, and supporting farmers affected by its economic impact.

    The approach includes frequent training sessions and seminars to educate farmers on the risks associated with the virus, as well as routine fumigation and de-infestation of farms across the state.

    The Commissioner for Agriculture and Food Systems, Ms. Abisola Olusanya, underscored the importance of preparedness in view of global trends.

    “The evidence from the international arena on the escalating cases of African Swine Fever and other livestock-related illnesses like E. coli is a clear call to action. We cannot afford to be complacent. Our goal is to create a resilient and secure pig industry, which is why we continue to collaborate closely with pig farmers to uphold the strictest biosecurity standards,” she stated.

    She noted that in the event of an outbreak, the state activates a rigorous response plan involving assessment and identification of affected farms, depopulation of infected animals, and strong advocacy for resting affected farms for a specified recuperation period. “Sensitisation campaigns have also been intensified, particularly on the risks associated with farm-to-farm movement, to minimise the chances of cross-contamination.”

    Read Also: Lassa fever: Fatality rate climbs above 2024 levels

    Beyond disease prevention, she said the state has rolled out extensive support schemes to stabilise and revive pig farming. “These include regular biannual distribution of essential items such as chemicals, motorised and nasal sprayers, nose masks, and boots. Following previous outbreaks, the state also provided 1,200 exotic pig growers to 400 farmers as replacement stock. To cushion rising production costs, 16 trucks of 30-tonne grains have been supplied to more than 3,000 pig farmers over recent years, with another round of grain distribution scheduled soon.”

    Ms. Olusanya highlighted the long-term direction of the state’s efforts. “We are also ensuring that all pigs are sourced from reputable and verified sources while mandating farmers to maintain adequate farm records for traceability. We are simultaneously working to educate our farmers on the importance of taking up an insurance policy to mitigate financial risks. These measures are not merely reactive; they are foundational to the sustainability and future success of pig farming as a key component of Lagos State’s food security matrix.”

    ASF remains endemic in more than 50 countries across Africa, Europe, Asia, and the Pacific. Against this backdrop, leading global experts convened recently at the Food and Agriculture Organization (FAO) headquarters in Rome to address the escalating crisis. The meeting, co-organised by FAO and the Global African Swine Fever Research Alliance (GARA), provided a platform to present new research, assess knowledge gaps, and strengthen collaboration to inform science-based strategies for ASF prevention and control.

    During the three-day event, participants shared the latest findings and reinforced commitments to improving global coordination. According to FAO Assistant Director-General, Thanawat Tiensin, “The ongoing threat of African Swine Fever underscores the critical need for sustained international collaboration and innovation in disease prevention and control. We need updated, science-based strategies and tools to protect not only the global pork industry but also the livelihoods of millions of people who depend on it, especially in rural communities where pig production represents a vital source of income and food security.”

    Key outcomes included renewed commitments to expand research partnerships, refine control strategies, support vulnerable countries, and promote innovative solutions that safeguard livelihoods and biodiversity.

    FAO reaffirmed its role in driving agrifood systems transformation by anticipating change, amplifying innovation, empowering collaboration, and promoting an innovation culture. Under the Global Initiative for the Control of ASF (2020–2025), developed jointly with the World Organisation for Animal Health under the Global Framework for the Progressive Control of Transboundary Animal Diseases (GF-TADs), FAO continues to provide strategic support and evidence-based guidance to countries battling ASF.

    According to the African Swine Fever (ASF) Situation Report 63: March 2025, a significant ASF event was recorded in Cabo Verde. The outbreak began in January 2025 and was officially reported in March 2025, further highlighting the urgency of coordinated action.

  • Firm unveils fair to boost SMEs

    Firm unveils fair to boost SMEs

    Whatadeal eCommerce, the online storefront division of Whatadeal Africa, has unveiled inaugural Whatadeal Mega Trade Fair, a dynamic two-day event taking place on November 29 and 30 in Lagos.

    The event will convene hundreds of vendors across key sectors, including fashion, beauty, technology, food, and lifestyle, offering shoppers an exciting opportunity to explore a wide range of products and exclusive deals.

    The trade fair will provide a platform for entrepreneurs to showcase their products, interact directly with customers, and expand their brand visibility within a vibrant commercial environment. Attendees can also expect an immersive marketplace experience featuring interactive games, live entertainment, and exciting giveaways worth over N500,000.

    Speaking on the initiative, Managing Director of Whatadeal Africa, Mr. Fela Bank-Olemoh, stated: “Whatadeal eCommerce was established to empower businesses, particularly SMEs, to scale their operations and connect meaningfully with customers, both online and offline. The Whatadeal Mega Trade Fair is an extension of that vision, offering a tangible opportunity for growth, visibility, and community.”

    Read Also: Foundation holds business clinic for SMEs

    He further added, “This event transcends traditional trade interactions. It represents a convergence of enterprise, creativity, and technology. Through it, we are enabling vendors to gain exposure, customers to derive value, and communities to connect around shared commercial experiences.”

    The initiative underscores Whatadeal eCommerce’s commitment to supporting SME growth through digital innovation and inclusive market participation. By bridging online convenience with in-person engagement, the platform continues to redefine Nigeria’s retail and e-commerce landscape.

    “Our eCommerce solution simplifies how businesses set up and manage their online stores,” Mr. Bank-Olemoh explained. “However, we also recognise that human connection strengthens brand loyalty. Through the Whatadeal Mega Trade Fair, we are combining the efficiency of technology with the warmth of face-to-face interaction to create a holistic shopping experience.”

  • NNPCL doubles net profit to N5.4tr

    NNPCL doubles net profit to N5.4tr

    Nigerian National Petroleum Company Limited (NNPCL) yesterday declared N5.4t rillion profit after tax for the year 2024.

    Group Chief Executive Officer (GCEO), Engr. Bashir Bayo Ojulari broke the news at the media parley on 2024 Financial Statement in Abuja.

    He said the profit soared from the N2.2 trillion recorded in 2023.

    Besides, Ojulari revealed revenue rose to N45.1 trillion from the N23.9trillion recorded in 2023.

    In the 2024 report, while dividends were N4.3 trillion, earnings per share was N27.07.

    “In 2024, NNPC Limited achieved profit after tax of N5.4 trillion, supported by a N45.1 trillion in revenue,” he said.

    In the period under review, NNPCL had 1,096 retail outlets nationwide, produced 202.3mb/d, and 1.04bscf natural gas.

    The NNPCL boss attributed the financial growth to the floating of the Naira in the period under review.

    Ojulari said: “This outcome was propelled by several critical drivers: enhanced operational efficiency across our assets, the positive impact of downstream market reforms, and our unwavering commitment to cost discipline.

    “Financially, we have never been stronger or better positioned for tomorrow. Strategically, this financial capacity powers our ambitious national initiatives.”

    Read Also: Senate rejects NNPCL’s defence on missing N210tr

    The financial feat, according to him, will be sustainable, especially when gas production is increased from the gas sales and supply agreements the company has signed with third parties. He noted that the company is also looking into the expansion of the Compressed Natural Gas (CNG) to earn more revenue.

    The NNPCL boss revealed that the state-owned oil company is reviewing the technical and financial viabilities of the national refineries to arrive at a sustainable solution that could make the plants profitable.

    He said, “We are reviewing all our technical and commercial viabilities of our refineries…All of us know the story. The question is what is different this time? What is different this time is we’re taking the time to do a rigorous review of the refineries to ensure that whatever solution we bring forward is a solution that is sustainable. Whatever solution we put forward is a solution that the refinery is profitable.”

    The essence of the review, according to him, is to engage third party partners reputable for refinery operations

    “Now, that is not a switch that requires rigorous engineering, rigorous commercial construct, and ensuring that the parties that we bring on board are people who have reputation in operating refineries before, not just anybody on the streets,” he said.

    Ojulari noted that NNPCL is being careful not to take any regrettable decisions as it cannot afford to make another mistake at this stage.

    Asked to give a timeline for the refinery operations, he said it is premature to disclose a timeline, stressing that by middle of next year, NNPCL would have defined a new contract and get clear roadmap for the timeline.

    According to him, NNPCL will eventually engage the management of a company with capital and capability because of it aims at redesigning to come up with higher grade products.

    Ojulari was optimistic that the mandate of attracting $30 billion investment and raising crude oil production to 2 million barrels per in 2026 was realizable. He added that 2025 may close with 1.7mb/d output.

    He disclosed that Final Investment Decisions are coming to the industry at the end of 2025.

    Ojulari said: “I think the investment from what we see in terms of investment decisions and investment of I think in our view is realizable. We are pushing towards that direction on the investment side of things. We are looking at FIDs coming up end of this year, mostly in our gas business.

    And we’re also looking at some FIDs in the Austrian region, also in the Green India border. If those FIDs materialize based on the work we’re doing, our partners, remember we also have investors, investor partners as well, we can see a line of sight.”

  • CBN places ban on dud cheque issuers

    CBN places ban on dud cheque issuers

    Central Bank of Nigeria (CBN) has approved five-year outright ban for serial dud cheque issuers. The culprits will be stopped from accessing the clearing system, credit and opening new accounts in the financial system within the five-year period.

    The directive was issued yesterday in a circular to all banks and other financial institutions.

    Director, Financial Policy and Regulation Department, Central Bank of Nigeria (CBN), Dr. Rita Sike, said the apex bank exercised its powers under the CBN Act, 2007 (CBN Act), the Banks and Other Financial Institutions Act (BOFIA), 2020, and other applicable laws.

    The draft guideline described  a cheque that is dishonoured only on grounds of insufficient funds in the drawers’ account remains a dud cheque while serial dud cheque issuer is a customer that has issued a dud cheque three times in the banking system.

    Among other provisions, the draft guidelines seeks to enhance clarity and offer further guidance to banks and other financial institutions on the handling of dud cheques, regulatory requirements for reporting and barring their issuers, the processes for updating and unbarring issuers of dud cheques, and the associated penalties for non-compliance.

    The circular stated that first offender for returned cheque charge, will pay fee in line with the provisions of the Guide to Charges by Banks, Other Financial and Non-Bank Financial Institutions.

    They advised bank customers to ensure that cheques are issued on accounts that are adequately funded, as issuance of cheques on accounts with insufficient funds constitutes breach of the guidelines.

    For Commercial, Merchant, and Non-Interest Banks that issued dud cheque attracts a minimum penalty of N2,000,000 per infraction while Primary Mortgage /Microfinance Banks defaulters will pay a minimum penalty per infraction: a. N1,000,000 – PMBs (state and national) and National MfBs, N500,000 – State MfBs, N250,000 – Tier 1 Unit MfBs and N100,000 – Tier 2 Unit MfBs.

    Read Also: CBN to cut benchmark interest rate in boost to businesses

    The CBN directed that the bank ensures the customer qualifies as a dud cheque issuer before reporting to CBN while failure to carry out necessary checks to ensure that the customer qualifies as a dud cheque issuer also constitutes an offence.

    The CBN said that the guidelines were to deter customers from issuing dud cheques by establishing procedures for the treatment of dud cheques with defined sanctions and penalties.

    It was also meant to promote integrity and confidence in the use of cheques as a reliable means of payment, streamline the process for identifying dud cheque issuers, reporting them to CBN and Private Credit Bureaux, and blacklisting serial dud cheque issuers and identify the stakeholders and specify their roles and responsibilities in managing and resolving dud cheque issues.

    The guidelines will also help to strengthen dispute resolution mechanisms for issues involving dud cheques between customers and financial institutions and promote compliance and accountability in reporting and managing dud cheques issues.

  • Digitalisation pushes Lagos IGR to N1tr yearly

    Digitalisation pushes Lagos IGR to N1tr yearly

    From a monthly N500,000 million Internally Generated Revenue (IGR) before 2005, the Lagos State government currently boasts of N1 trillion IGR annually, the first by any subnational in the country.

    Executive Chairman, Lagos State Internal Revenue Service (LIRS), Dr  Ayodele Subair, made this known in Lagos, over the weekend, attributing the quantum jump in the state’s IGR to the deployment of digital technology by the service.

    Subair was keynote speaker at the ‘Chief Information Officer (CIO) & C-Suite Conference & Awards Africa 2025’ with the theme, ‘The Digital Tax Shift,’ where he said the LIRS made deliberate investments in digital infrastructure, process automation, and data governance.

    The LIRS boss, who was represented at the event by the Service’s Deputy Director, Information Technology, Dr. Rasheed Olu-Ajayi, said such investments strengthened revenue administration and improved taxpayer experience.

    The CIO & C-Suite Conference & Awards, now in its 6th edition, is a celebration of excellence, innovation, and the relentless spirit that continues to redefine Africa’s technological landscape.

    Held at The Civic Centre, Victoria Island, Lagos, on Saturday, 22 November 2025, it was a two-in-one event, the first leg, a conference, was a platform for strategic conversations on tax and the role of technology.

    The conference, which focused on digital tax shift, offered an opportunity for operators, experts and regulators in the digital space to get perspectives on how to leverage digital technology to navigate the emerging new tax structure in Nigeria and across the continent.

    The second part of the event, the CIO Awards, rewards and celebrated the icons of African innovation, the outstanding professionals and organisations delivering business value to their organisation and the industry at large, through the innovative use of digital technology.

    Read Also: Ogun targets N500b IGR for 2026 budget

    The award, which was multi-sectoral, honoured and recognized titans of innovation in various sectors including media, fintech, manufacturing, insurance, education, entertainment etc.

    Subair, while delivering his keynote on ‘Redefining Fiscal Policy in an Era of Innovation,’ said the theme of this year’s conference captures the essence of a transformation that is reshaping governance and commerce across the continent.

    According to him, it invites various stakeholders to reflect on how fiscal policy, digital technology, and economic innovation must now move in synchrony to drive sustainable growth.

    “We are in the midst of a profound redefinition of fiscal systems, one driven by the realities of a rapidly evolving digital economy. The rise of e-commerce, fintech, virtual assets, mobile payments, and cross-border digital services has blurred traditional lines of taxation and trade,” Subair said.

    He stated that today, the question before governments and regulators is no longer whether to digitize, but how to govern effectively in a digitized world, noting that this question has guided the LIRS’ transformation journey.

    “Our Enterprise Tax Management System (ETMS) codenamed eTax serves as the backbone of this transformation, integrating registration, assessment, filing, and payment processes on a single platform,” the LIRS Exec Chair said.

    He, however, pointed out that LIRS’s transformation story is not only about automation but also about accountability through innovation, as detailed in the agency’s core values.

    “It is about building a fiscal future that is data-driven, transparent, and responsive to the realities of a 21st-century economy,” he stated.

    “These key pillars and digital transformation in the revenue system of Lagos State,” Subair emphasised, “have indeed revolutionised revenue collection from a monthly N500 million before 2005 to the current N1 trillion annual IGR.”

    While noting that this is the first of any sub-national in the country, Subair, however, said the N1 trillion annual IGR is the starting point for LIRS as it looks into the future using modern technology such as Artificial Intelligence (AI).

    His words: “As we look ahead, we see a future where fiscal policy is no longer reactive but intelligent and adaptive—powered by data, shaped by innovation, and anchored on trust.

    “That future will require continuous investment in human capacity, partnerships across sectors, and an unwavering belief that digital transformation is not a destination but a continuous journey.”

    Chairman of Edniesal Consulting Limited, owners of the CIO Project, Oluwakayode Adigun, aka Pa Kay, said the focus of the conference on tax shift was to encourage people to collaborate because of the tax reforms that are happening all over Africa, starting with Nigeria.

    Adigun, who is also Chairman of the Project Implementation Committee for the Award and for the Club Africa, however, said beyond the technology enablement of that tax shift discussion are things around culture, advocacy, customer engagement, and transparency.

    He agreed with Subair that the ubiquitous adoption of AI is the tech trend of the future. “The future is AI. It has already started. AI is taking on a life of its own beyond technology and the digital landscape.

    “Today, you can do a lot of things with AI. You can build website within minutes; you can build your presentation within seconds.

    “I hope this will continue even after the event today as a discussion across Nigeria and Africa for us to be able to harness all the resources we have to take our position as a continent and as a people in the global economy and technology,” he stated

    Convener of CIO & C-Suite Project Africa, Mrs. Abiola Laseinde, said the awards platform began six years ago as a simple yet powerful conviction—an unmistakable nudge that Africa’s unsung technology leaders deserved a global stage.

    She, however said what started as a quiet vision has blossomed into a continental movement, uniting innovators, amplifying excellence, and celebrating the brilliant minds powering Africa’s digital transformation.

    “The CIO & C-Suite Awards Africa has become more than an event; it is a movement—a powerful engine that has amplified the voices and achievements of tech geniuses who are shaping Africa’s future.

    “Through every edition, we have told the stories of visionaries who work tirelessly behind the scenes, building infrastructures, systems, and solutions that are steering Africa toward global relevance in technology,” Mrs. Laseinde stated.

    The convener noted that across the continent, “we are witnessing groundbreaking innovation, bold digital policies, and the emergence of leaders who are not just solving today’s problems but designing the future.

    “From fintech to energy, health to agriculture, education to cybersecurity—Africa is building, evolving, and leading.”

    She expressed delight that the Awards have continued to play a role in drawing global attention to these trailblazers. “This platform is a reminder that Africa is not behind. Africa is not catching up. Africa is creating. Africa is leading. Africa is setting the pace,” she emphasised.

    Laseinde described the conference theme as “trending and topical,” noting that it allows all “to learn, relearn, unlearn, and get perspective on how to navigate the new tax structure in the framework of technology.”

    She said Nigeria is definitely emerging as a hub in the continent with regards to harnessing technology to transform her tax system by making it a more transparent and using data to help the tax authorities assess, evaluate, and give tax payers their correct billing.

    “A lot of other African countries have taken that leapfrog. Today, at the conference, we heard from the speaker from Kenya how they started their own digital transformation journey 20 years ago. We know we have taken giant strides from the Federal Inland Revenue Services (FIRS) to the sub-national Services.

    “I’m glad that we’re not just waiting to react to things, but we’re actually proactive. Technology is becoming something that is now a DNA. If you don’t embrace technology, you’re going to wake up one morning wondering what happened to you.

    “You’ll find that you become irrelevant and you’re not able to harness the power, the benefits, and of course, the opportunities that technology provides,” Laseinde said.

    The Convener, while acknowledging Nigeria’s growth in the tech space, however, said there’s a big room for improvement in the area of building smart infrastructures, for instance, which will enable the country to leverage this technology.

    “The Digital Economy Ministry and those charged with governance need to begin to think of how to make our cities smart cities. This infrastructure should be available for AI to be deployed seamlessly.

    “Let’s seek for collaborative efforts to make our cities smart so that whatever technology is coming upon us, we’re not reactive, but extremely proactive,” the Convener admonished.

  • Nigeria’s accreditation system gets global recognition

    Nigeria’s accreditation system gets global recognition

    The federal government has finally achieved a trade milestone with the official recognition of the Nigeria National Accreditation System (NINAS) as a signatory to the African Accreditation Cooperation (AFRAC) Mutual Recognition Arrangement (MRA).

    This achievement was made possible through strong United Kingdom support under the UK-Nigeria Standards Partnership Programme and aligns with opportunities created by the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP).

    United Kingdom Director, Trade Policy and Market Access for Africa, Hannah Barbosa disclosed this at the launch of NINAS international recognition,  Strengthening Nigeria’s Quality Infrastructure for Global Trade, Global Accreditation, Global Recognition, driving trade and empowering Nigeria in Abuja.

    She said: “The UK is proud to have supported Nigeria’s journey to global accreditation through the UK-Nigeria Standards Partnership Programme. NINAS’ recognition under AFRAC is a powerful testament to Nigeria’s commitment to international standards and trade facilitation. This achievement opens doors for deeper UK-Nigeria collaboration across sectors such as healthcare, food safety, and industrial services”.

    Read Also: Nigeria’s insecurity crisis: A national wake-up call

    Director General, NINAS, Celestine Okanya noted that for any country to develop it must trade, this trading means you must have products and services that are in the market and these products must meet quality standard for the international market, what we just did is working on Nigeria quality system to ensure Nigerian products meet international standards.

    With NINAS, producers and  manufacturers  in Nigeria must go through  NINA’s accredited certification body or NINA’s accredited labs or NINA’s inspection bodies, any company that uses them will be receiving a certificate that can be accepted in over 140 countries put together. Nigerians should take advantage of what it has, with NINAS patronage barriers will be lifted off products in Europe, America and other countries.

    Nigerian products can only be rejected if they don’t go through NINA’S accreditation, by the  time they see NINAS logo, ILAC logo, the ones that have recognized NINA’S will know it is equivalent to world standards, and will let the product go, without retesting, the rejection of products  will depend on whether you use NINAS or not.

  • Zenith Bank’s tech fair awards

    Zenith Bank’s tech fair awards

    A total cash prize of N140 million has been awarded to 10 African innovators to scale their transformative solutions after a keenly contested hackathon and pitch session at the fifth edition of the Zenith Tech Fair.

    The fair, themed “Future Forward 5.0: Tech for Success – Innovate, Adapt, Accelerate” was held the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos.

    The 2025 edition of the Zenith Tech Fair featured an expanded, dual-competition structure that included a high-stakes Hackathon for product development and a Startup Pitch Competition for early-stage ventures, and drew participation from thousands of developers, founders, and entrepreneurs across the continent. The prize money was shared among ten finalists who emerged from the over 2,000 contestants that took part in the Zecathon. In the hotly contested final, two major winners emerged, each receiving the top prize of N30 million.

    The winner of the Hackathon, Trust Loop, clinched first place for its innovative solution that delivers seamless digital KYC and liveness verification. Simultaneously, the winner of the Startup Pitch Competition, Cubbes Technologies Limited, secured the top spot for its revolutionary AI-powered EdTech platform that enhances learning and career readiness.

    The remaining eight finalists across both categories were equally recognised, each receiving N10 million in non-dilutive funding. They include Venille Ltd, Sowota, FLOW, InvoPay, Zenith Intelliscore, The Very Hacked Men, Konfam and Zerax. All ten finalists will also be entitled to a six-week mentorship and incubation programme designed to help them grow and scale effectively, and this will run from December 2025 to February 2026.

    Group Managing Director, Zenith Bank Plc, Dame Dr Adaora Umeoji, thanked the Founder & Chairman, Dr Jim Ovia, for the visionary foresight that led to the creation of the Zenith Tech Fair. Commenting on the Zecathon, she said, “Our theme this year, ‘Tech for Success: Innovate, Adapt, Accelerate’, is very timely. To appreciate its urgency, it helps to reflect on the speed of human progress. According to the Harvard Business Review, it took humanity millions of years to master fire, yet only 66 years to move from the first powered flight to landing on the moon. The lesson is simple – the next technological breakthrough will not take a lifetime. It will emerge sooner than we expect and could come from any one of you in this room today. We are confident that this Tech Fair will produce innovators who will change the world, and we stand ready to support you to turn your ideas into reality.”

    In his Goodwill Message, the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, said, “This fifth edition reflects our unwavering commitment to create value through technology, innovation, and talent development. My vision is to continue to empower the youth through technology, with the hope that one day we will produce the likes of Bill Gates, Steve Jobs and Jeff Bezos.”

    Read Also: Oborevwori  to grace Zenith Bank/Delta Principals’ Cup finale

    Whilst delivering his goodwill message, the Governor of Lagos State, His Excellency, Mr Babajide Sanwo-Olu, called for increased technological empowerment initiatives to provide youths with adequate opportunities needed to thrive in the digital future. He said, “What I see happening here every year are things that we in leadership need to connect with. This is an activation that can bring life and real conversation to the young, dynamic, innovative, and creative young people that we have in this country. By 2050, half of the youth population in the world will be in Africa, and even in Africa, they will be in Nigeria, and if they are in Nigeria, they will be somewhere in Lagos, and we need to be able to fish them out. We need to give them an opportunity and a space to fly. We want to make Lagos the human capital centre of the world, where Microsoft and Google will think of raising a million tech experts. That’s the kind of vision and opportunity we want to leave behind.”

    Hailed as a resounding success by participants, the Fair showcased cutting-edge demonstrations on the role of Generative AI, Agentic AI, and Cloud Computing in driving economic growth with Keynote addresses delivered by Sitoyo Lopokoiyit, Managing Director, M-PESA Africa; Jonas Kjellberg, Co-Creator, Skype and Dr. Shivagami Gugan, Chief Technologist for Middle East, Turkey and Africa, AWS.

    The event also featured goodwill messages by the National Commissioner, Nigeria Data Protection Commission, Dr. Vincent Olatunji, and the Governor of Niger State, His Excellency, Governor Mohammed Umaru Bago, ably represented by the Head of Service, Niger State, Mr. Abubakar Sadiq Idris.

    Another key feature from the tech fair this year was the robust exclusive masterclasses delivered by global technology and consulting powerhouses: McKinsey & Company, Huawei, Check Point, and Microsoft. These sessions covered critical topics from cybersecurity to advanced cloud solutions and disruptive technologies, equipping participants with world-class insights.

    Aside from the thrilling musical performance by Nigerian musician Spyro, the fair also featured dual-panel sessions that were very insightful and highly interactive. The panel sessions both had Zain Asher, CNN Anchor, as host, and featured high-level discussants including Adaora Nwodo, Founder & Executive Director, NexaScale; Aisha Tofa, Board Chair, Startup Kano Centre for Innovation Dev.; David Kpakima, Co Founder, Rasab Group, Sierra Leone; Dr Stanley Jacob, President, FINTECHNGR; Iyinoluwa S. Aboyeji, CEO Future Africa; Gary Fowler, CEO & Founder GSD Venture Studios; Bradwin Roper, Chief Payments & Partnerships Officer at JUMO, and Mrs. Omoyemen A. Jide Samuel, Director, Information Technology, CBN.

    Zenith Bank remains committed to fostering an ecosystem where innovation thrives, ensuring that the next generation of African tech leaders have the capital, mentorship, and resources required to achieve global scalability and impact.

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

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

    The Bank’s commitment to excellence led to Zenith being also named the Most Valuable Banking Brand in Nigeria in The Banker’s Top 500 Banking Brands for 2020 and 2021, Bank of the Year 2023 to 2025 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 2024 to 2025. 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, Bank of the Year 2024 by ThisDay Newspaper; Bank of the Year 2024 by New Telegraph Newspaper; and Best in MSME Trade Finance, 2023 by Nairametrics. The Bank’s Hybrid Offer was also adjudged ‘Rights Issue/ Public Offer of the Year at the Nairametrics Capital Market Choice Awards 2025.

    Zenith Bank has also bagged several non-financial awards, including 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.

  • FSDH grants $3.9m loans to women businesses

    FSDH grants $3.9m loans to women businesses

    FSDH Merchant Bank says it has disbursed more than $3.9 million to women-led businesses in the last five years.

    This marks a major milestone announced at the fifth edition of its Women in Business Initiative (WIBI) Summit held in Lagos.

    The bank said partnerships with Bank of Industry (BOI), the International Finance Corporation (IFC), the Africa Growing Together Fund (AGF) AFAWA guarantee and WEAV Capital provided blended financial solutions and targeted support for female entrepreneurs.

    Speaking at the 2025 WIBI Summit, themed “Empowered – Celebrating Women in Motion,” Executive Director at FSDH Merchant Bank, Stella-Marie Omogbai, outlined the bank’s multi-pronged approach.

    “Over the past five years, the Bank has disbursed more than $3.9 million in loans to women-led businesses, working closely with partners such as BOI, IFC, AGF and WEAV Capital to deliver blended financial solutions and targeted interventions,” she said. Omogbai added that the bank’s capacity-building programmes have trained and mentored more than 500 women-led SMEs and engaged over 2,000 women through summits, masterclasses, coaching cohorts and accelerator programmes.

    Read Also: NADF, Mastercard, FCMB to impact 12,000 women in Oyo

    The event convened more than 1,000 women entrepreneurs, corporate professionals, creatives and policymakers to discuss scaling, capacity building and the role of finance in deepening the female economy.

    FSDH described its interventions as deliberately integrated, alongside concessional and collateral-free lending windows, the bank runs accelerator and coaching programmes in partnership with organisations such as the Enterprise Development Centre (EDC), IFC and WEAV Capital. One such programme — the Female Founders Growth Programme — supported tech startups with investment readiness, culminating in a Demo Day where a $10,000 non-equity grant was awarded to a promising venture.

    Managing Director, FSDH Merchant Bank, Bukola Smith, used the summit platform to reiterate the institution’s commitment to removing structural barriers that limit women’s access to finance and markets. “WIBI was built on the belief that when women are equipped with the right systems, knowledge and support, entire economies shift,” she said, highlighting the bank’s focus on the creative economy as a growth vector for female enterprise.

    The summit featured a mix of keynote addresses and panel discussions. Veteran actress and producer Joke Silva delivered the keynote, urging stronger, skills-focused training for young creative talents to compete globally. Panelists from public and private sector organisations emphasized the need for patient capital, institutional partnerships and sector-specific capacity building — particularly for export-oriented and tech-enabled women entrepreneurs.

    Development finance players in attendance underscored the role of blended finance in crowding in private capital while delegates from BOI spoke on concessionary credit lines tailored for women, while representatives from IFC and AGF highlighted guarantee schemes and risk-sharing instruments that lower the cost of capital for lenders.

    “FSDH’s WIBI Desk reported a portfolio of concessional products that includes long-term loans with moratorium options, short-term collateral-free facilities for working capital relief, and structured partnerships that de-risk lending through guarantees and co-financing. The bank said one BOI credit line — offering up to ₦100 million at a single-digit concessional rate — has been fully deployed, prompting requests for an additional tranche,” the bank said.

  • Summit to award $50,000 credits to SMEs

    Summit to award $50,000 credits to SMEs

    Organisers of the Mentor Matchup Challenge 7.0 (MMC 7.0), an initiative of 234Finance, have unveiled a robust suite of benefits tailored for Small and Medium Enterprises (SMEs) attending the summit this December.

    One of the key highlights of this year’s SME benefits is the provision of up to $50,000 in Amazon Web Services (AWS) cloud credits for eligible businesses.

    This significant contribution is designed to reduce the barrier to entry for digital transformation by helping Nigerian businesses leverage world-class cloud computing power to streamline their operations and expand their digital footprint.

    In addition to technical resources, the MMC 7.0 summit will provide complimentary professional headshots for entrepreneurs, along with tablets to support their operational needs.

    This initiative addresses a vital aspect of corporate branding and visibility, ensuring that African founders are well equipped to engage with international partners and investors.

    These benefits, according to 234Finance.com, a platform that promotes African entrepreneurship through capacity building, mentorship and access to finance, complement the event’s core programming, which focuses on practical business insights rather than theory.

    Read Also: Delta Govt proposes N3bn to boost MSMEs in 2026

    Participants will have direct access to over 30 industry leaders and mentors, with opportunities for curated one-on-one sessions to resolve pressing business challenges.

    Furthermore, the event will host over 30 exhibitors showcasing Africa’s most innovative indigenous brands, which will create a viable marketplace for peer-to-peer learning and commercial partnership.

    By integrating high-value technical resources with mentorship and branding support, MMC 7.0 reinforces capacity building, one of 234Finance’s core values including Content, Community, Collaboration, Capacity Building, and Capital.

    The event aims to equip entrepreneurs with the necessary tools to rethink their business strategies and position themselves as competitive players in the African Continental Free Trade Area (AfCFTA).

    MMC 7.0 is scheduled to take place on Thursday, December 4, and Friday, December 5, 2025, at the Oriental Hotel, Victoria Island, Lagos, Nigeria. It is a ticketed event with various categories available for both local and international delegates.

  • USA Realtors honour Nigerian member

    USA Realtors honour Nigerian member

    National Association of Realtors USA (NAR) has named Nigerian real estate professional, Dr Adeniyi Tinubu as its International Realtor Member of the Year.

    This honour, one of the most prestigious within the global real estate community, marks the first time in history that a Nigerian and one of the very few Africans has received the award.

    For decades, the NAR has remained the world’s largest and most influential real estate association, bringing together professionals from more than 100 countries and shaping policy, training, and ethical standards across borders.

     To be singled out by such a global institution is no small feat. Tinubu’s recognition is therefore more than an individual accomplishment — it is a powerful symbol of Africa’s rising footprint in the international property market.

    Read Also: Financial expert Kunemofa Asu bags honorary doctorate in USA

    Tinubu’s honour comes at a time when Nigeria’s real estate sector is undergoing structural evolution, with increased emphasis on professionalism, regulation, data integrity and global best practices. His recognition serves as an affirmation of Nigeria’s growing talent pool and its ability to compete favourably on the world stage.

    Industry practitioners see this milestone as a validation of years of advocacy for higher ethical standards in property transactions and improved transparency within the sector. Tinubu’s achievement also reflects the expanding participation of Nigerian real estate firms and professionals in global knowledge networks, training programmes, and international collaborations. Many believe it will inspire emerging practitioners and strengthen Nigeria’s visibility in global real estate discussions.

    Beyond national pride, the award carries significant continental implications. Africa’s real estate markets have often been overlooked in global conversations despite rapid urbanisation, rising housing demand and increasing investment opportunities across major cities. Tinubu’s recognition amplifies Africa’s voice at a time when representation in global real estate governance and sustainable development advocacy is needed.

    Tinubu’s award is more than an individual accolade; it represents a collective victory for Nigeria and Africa’s growing real estate community. It reinforces the continent’s credibility in global markets, showcases the professional calibre emerging from Africa, and signals a new era of recognition for African practitioners.

    Experts argued that celebrating African professionals on international platforms helps challenge stereotypes, attract investments, and elevate conversations around land reform, housing affordability, market transparency and climate-resilient infrastructure. With Nigeria positioned as one of Africa’s most dynamic property markets, this recognition signals that African expertise is not only expanding but gaining global credibility.

    Responding to the award, Tinubu described the recognition as “a profound moment for Nigeria and the African continent.” He said the honour demonstrates that African professionals can compete at the highest levels of global practice when given equal access and visibility. “This award is bigger than me,” he noted. “It is a tribute to Nigerian realtors working tirelessly to raise standards, deepen professionalism, and bring integrity and innovation into our market.”

    Tinubu added that the recognition should inspire deeper collaboration between African real estate practitioners and global institutions. He emphasised that Africa’s property markets hold enormous potential for transformation, investment and sustainable growth. “My hope is that this moment opens more doors for international partnerships and strengthens Africa’s voice in shaping the future of global real estate,” he said.