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Business › Alternative Bank, Niger State Gov’t To Launch Africa’s Largest EV Fleet by PENTALK360(op): 11:31am On Jun 10, 2024
In a landmark deal, Nigeria’s largest ethical banking institution, The Alternative Bank have signed a pioneering deal, valued at over N 14 billion, with the Niger state government to finance the delivery of 5000 electric tricycles to drive social impact, youth empowerment, business growth, and economic prosperity in the Power State.

The landmark deal will see the Niger State government, through its ministries of Transportation, Youth, Women Affairs, and Small and Medium Enterprises, procure the tricycles for the programme,
lease them to beneficiaries, establish an assembly and maintenance plant, and train resident youths of the state as mechanics to service the tricycles. With the charging and battery swap stations for the electric tricycles to be installed at strategic locations such as schools, hospitals and markets across major towns in the state.

The Executive Governor of Niger State, His Excellency, Governor Mohammed Umar Bago, commented by saying that this deal is one step towards the upliftment of the state towards realizing its full economic potential and making Niger a “green” state.

Governor Bago said the choice of the Alternative Bank as the partner for this project is due to its innovative approach towards wealth creation, with the bank taking a joint-investor and partner-inprogress approach to financing projects, as opposed to the traditional commercial model of being just a lender.

Speaking at the deal-signing ceremony, Alhaji Garba Mohammed, Executive Director at The Alternative Bank, said that “This project, as conceived, will provide solutions to aid the economic involvement of the women, youth and small businesses by generating commercial value for the people and the government, safeguarding the environment through the use of renewable and sustainable energy sources as a driver of transportation with the great state of Niger.”

He continued by saying that “This will be the single largest delivery of electric vehicles across the country, and on the African continent.” He concluded by stating that “Unlike vehicles powered by internal combustible engines consuming petrol, compressed natural gas and other fossil fuels, these 5000 tricycles will contribute to the reduction of pollution in Niger State, aligning perfectly with The Alternative Bank’s commitment to wealth creation, social growth, and environmental responsibility.”

This deal comes in swiftly on the heels of the Alternative Bank’s recent delivery of 120 electric tricycles to the Mata Zalla and Yar Baiwa cooperatives in Kano State. The details of the project’s delivery saw the bank deliver tricycles to the women of the cooperatives, train them on servicing and maintenance of the vehicles, as well as create a battery swapping terminal within the Kano metropolis for easy recharging of the tricycles for continued operation.

The outcomes of the recently launched program include economic inclusion and independence for the women, increased transportation options for residents of the metropolis, reduced transportation costs within the vicinity due to the energy cost efficiency of the electric powered, improved security and safety for women commuters within the region, and a considerable net positive environmental impact due to the renewable energy powered nature of the tricycles.

About The Alternative Bank:
The Alternative Bank commenced its journey in January 2014 with a vision to create a dynamic banking experience that respects individuality and speaks the language of its customers. In July 2023, the Central Bank of Nigeria issued a Banking License to The Alternative Bank, enabling it to operate as a fully-fledged, standalone bank. Guided by its Advisory Committee of Experts (ACE), The Alternative Bank ensures all its operations align with the ethics of Non-Interest Banking. For more information, please visit www.altbank.ng

Business › Fitch Upgrades Fidelity Bank’s Rating To ‘positive’ by PENTALK360(op): 11:12am On Jun 10, 2024
Fitch Ratings has revised the outlook on Fidelity Bank Plc's Long-Term Issuer Default Rating (IDR) to Positive from Stable, while affirming the rating at 'B-'.

The credit rating agency has also affirmed Fidelity Bank’s National Long-Term Rating at 'A(nga)' with a Stable Outlook.

In a statement released on Friday, Fitch said that the outlook revision reflects its, “expectations that the bank's capitalization will strengthen in the near term as a result of core capital issuance, including to meet the new paid-in capital requirement of N500 billion for banks with an international licence effective by end-1Q26.”

According to the statement: “Fidelity's IDRs are driven by its standalone creditworthiness, as expressed by its Viability Rating (VR) of 'b-'. The VR balances the concentration of operations in Nigeria's challenging operating environment, very high credit concentration and high Stage 2 loans against a growing franchise, sound profitability metrics, good capital buffers and reasonable foreign-currency (FC) liquidity coverage.

“Fidelity's National Ratings are driven by its standalone creditworthiness. They balance a growing franchise and good capital buffers against weaker profitability than higher rated peers.”

The rating agency said that Fidelity is Nigeria's sixth-largest bank, as it accounted for 5% of domestic banking system assets at end-2023, adding that strong balance-sheet growth in recent years has increased bank’s market shares and that it expects these to increase further but remain below those of the five largest banking groups.

On factors that could lead to negative rating action/downgrade, the agency said: “A sovereign downgrade could result in a downgrade of Fidelity's VR and Long-Term IDR if Fitch believes that the direct and indirect effects of a sovereign default would be likely to have a sufficiently large effect on capitalization and foreign-currency liquidity to undermine the bank's viability. However, this is unlikely considering the Positive Outlook on Nigeria's Long-Term IDRs.”

Business › Optiva Capital Highlights Investment Immigration And Real Estate To Kano Busines by PENTALK360(op): 10:01am On Jun 10, 2024
Optiva Capital Partners Showcases Investment Immigration and International Real Estate Opportunities to Kano Business Community


Businessmen in Kano have commended Optiva Capital Partners; a premier wealth management company for its innovative products and services in investment immigration and international real estate. This commendation came during an exclusive business dinner organized by Optiva Capital aimed at showcasing global investment opportunities for Kano business Community during the weekend.

Speaking at the event, which held at Amiingo Hotel Kano, Mr. Nduneche Ezurike, Group Head of Corporate Communications, Media, and Technology, who represented the CEO of Optiva Capital Partners, emphasized that Optiva's international network and global reach will avail businessmen opportunities in real estate, investment immigration, and insurance. Mr. Ezurike highlighted testimonials from thousands of families who have benefited from Optiva Capital's services for over a decade. He noted that these success stories inspired the company to bring their services to Kano. He however expressed regret that many wealthy individuals have faced financial decline due to ignorance and misinformation on wealth retention, stressing the importance of informed investment decisions.

Also making a product presentation at the event, the Regional Head of Northern Operations, Ms. Sylvia Onyalu, revealed that acquiring a second passport through Optiva Capital is a legal means of accessing over 140 countries to attain various unimaginable benefits. She explained that a second passport provides opportunities enjoyed by citizens of those countries, including world-class education at minimal tuition fees, quality healthcare, global mobility, investment access, and overall improved quality of life for themselves and their families.

On international real estate opportunities, Ms. Onyalu noted, “Whether you are interested in luxury residences, commercial properties, or vacation homes, our global network and local expertise will help you identify the best investment opportunities. Beyond this, Optiva Capital Partners excels in strategically placing our clients' investments in markets with high appreciation potential, solid rental returns, and effective inflation hedging. This approach helps you to augment your wealth and, very importantly, secure your assets, which form your family’s heritage.”

Guests at the dinner, including popular Nollywood actor Sani Danja, expressed their delight at the opportunities presented by Optiva Capital to Nigerians. Mr. Danja praised Optiva Capital for bringing such prospects to Kano State, noting the company's trusted track record in service delivery.

Alhaji Rufai Usman, a prominent businessman who attended the event, commended Optiva Capital Partners for their insightful presentation and highlighted the immense potential these opportunities hold for local businesses. Dauda Yahaya, another attendee, echoed these sentiments, appreciating the company's dedication to empowering Kano's business community with global investment opportunities.

Optiva Capital Partners is Africa's largest provider of investment immigration and residency services. Optiva also provides specialist solutions in investment advisory, international real estate, and insurance services. The company is currently partnering with the Federal Government of Nigeria through the Nigeria in Diaspora Commission (NIDCom). The global vision of this partnership is to leverage Optiva's expertise and international network to provide structured business opportunities and connect Nigerians in the diaspora to global opportunities tailored to their families' needs.

Business › Rite Foods: In Entrepreneurship, Agility Is The Name Of The Game – Adegunwa by PENTALK360(op): 2:18pm On Jun 09, 2024
In Entrepreneurship, Agility is the Name of the Game – Seleem Adegunwa, Rite Foods’ Boss


In his drive to inspire future entrepreneurs that would make significant growth to the nation’s economy and improve the quality of their workforce, Seleem Adegunwa, Managing Director and Chief Executive Officer of Rite Foods Limited, a truly world-class and proudly Nigerian company, has enjoined SME owners, founders, corporate innovators, and business executives to cultivate flexibility and agility as required traits for success in scaling up their businesses.

Adegunwa stated this at The SME Scale-Up, a platform targeted at SME CEOs in Nigeria, seeking to scale up and expand their businesses. The SME Scale-Up workshop was held at the Four Points by Sheraton, Victoria Island, Lagos.

In a session facilitated by the Rite Foods’ boss, he said:

“in entrepreneurship, agility is the name of the game. You can be very dogged as an entrepreneur, but be very flexible”.

He urged the participants to ignite their spark by developing their staying power to succeed in business, and also admonished them to be adaptable; say no to distractions; focus on innovation and embrace technology to overcome all challenges for exponential growth.

He further stressed the need for founders, business leaders, and executives to stay focused despite an uncertain economy, strive for excellence, and imbibe critical success traits like integrity, innovation, and accountability to weather the storms.

Ziad Maalouf, Managing Director, SevenUp Bottling Company Ltd and Founder of The SME Scale-Up reiterated the initiative’s goal of equipping SMEs with the knowledge, skills, and network they need to overcome growth barriers, scale their businesses sustainably, and create lasting employment opportunities in Nigeria.

Dr. Abdurashid Yerima, President of the Nigerian Association of Small and Medium-Scale Enterprises (NASME) commended the workshop and its facilitators for addressing critical issues affecting the development and growth of small and medium-scale businesses in Nigeria. He stressed the need for more collaboration with CEOs, founders, executives, and their teams to find and implement the best solutions to their toughest challenges for rapid acceleration and growth to bridge the unemployment gap in the country.

The SME Scale-Up Module 2 is the second in its series, tagged “Igniting The Spark – Where Talent Meets Harmony For Unstoppable Growth”. It is a workshop aimed at reducing the rate at which small businesses fail and decreasing the unemployment rate in Nigeria; with a vision to be a leading catalyst for scaling SMEs, fostering a thriving entrepreneurial ecosystem, and driving sustainable employment for 1 million Nigerians by 2035.

The event was characterized by great networking opportunities with top SME founders, aspiring SME owners, CEOs, business executives, and entrepreneurs who explored case studies, simulations, and group learning activities in topics like Leadership and Management; Business Strategy; Financial Management; Marketing and Sales; Human Resources; Operations Management and Business Ethics.

Seleem Adegunwa is a seasoned Chief Executive with diverse experience in operations, sales, and strategy. He is passionate about driving business growth and achieving exceptional results, with an ability to optimize business processes, streamline operations, and implement innovative strategies in steering Rite Foods Limited to develop leading brands and enhance overall organizational efficiency.

His entrepreneurial mindset and quest for excellence propel him to identify market trends and capitalize on emerging opportunities to drive growth consistently and increase market share in a competitive landscape.

Business › Agriconnect 2024: Dr. Oduntan Urges Policy Coherence For Better Market Access by PENTALK360(op): 2:50pm On Jun 07, 2024
Agriconnect Summit 2024: Dr. Ayoola Oduntan Advocates for Policy Coherence to Enhance Market Access in Agriculture


The Group Managing Director of Amo Farm Sieberer Hatchery Limited, Dr. Ayoola Oduntan, has emphasized the critical need for policy coherence to enhance market access and build resilient food systems in Nigeria.

He stated this at the recently concluded Agriconnect Summit 2024, held at the Landmark Event Center, Victoria Island, Lagos.

The summit, themed "Bridging the Divide: Fostering Collaboration and Innovation for a Sustainable Agricultural Future," underscored the urgent need for concerted efforts to address the challenges facing the agricultural industry and to unlock its full potential.

During a panel discussion titled "From Farm to Table: Enhancing Market Access and Building Resilient Food Systems," Dr. Oduntan addressed the challenge of inconsistent government policies hindering the advancement of agribusiness in Nigeria. He highlighted the perpetual cycle of new policies introduced by different ministers of agriculture without adequate consideration for the continuity of previous initiatives.

"We have all the right ideas to take the agribusiness to where it should be but a major challenge has been the implementation of policies. In my over 30 years of experience in the agricultural sector, I have witnessed numerous policy shifts with each new Minister of Agriculture. This inconsistency hampers the progress of our agribusiness," Dr. Oduntan remarked.

Proposing a solution to this, he stressed the necessity for a central coordinating agency to ensure policy coherence, allocate resources, and facilitate effective implementation. "We need a central coordinating agency to provide direction, allocate resources, and ensure the sustained implementation of agricultural policies."

Former President Olusegun Obasanjo, who chaired the summit, urged the federal government to prioritize food security by offering single-digit interest loans to farmers. "Any country that offers more than a single-digit loan to people in agribusiness is not helping farmers," he emphasized. "We must recognize food as a national security need and provide the necessary financial support to farmers."

Among the distinguished guests present at the summit were the Minister of Communications, Innovation & Digital Economy, Dr. Bosun Tijani, and The Honourable Commissioner of Agriculture, Lagos State, Ms. Abisola Olusanya, representing the Executive Governor of Lagos State, Babajide Sanwo-Olu. The presence of esteemed dignitaries and industry experts underscored the significance of collaboration and innovation in shaping a sustainable agricultural future for Nigeria.

As Nigeria strives to enhance market access and build resilient food systems, Amo Farm Sieberer Hatchery Limited remains committed to driving positive change and fostering collaboration within the agricultural ecosystem.

Business › The Remarkable Journey Of Access Holdings by PENTALK360(op): 1:21pm On Jun 07, 2024
This year marks 22 years since two young Nigerian bankers – Aigboje Aig-Imoukhuede and Herbert Wigwe – bought a small, nondescript bank and turned it into one of the biggest financial institutions on the continent with footprint also established in Europe and Asia. It was on March 22, 2002, that the two walked into Plot 1669 Oyin Jolayemi Street, Victoria Island, Lagos, which was then the corporate headquarters of the bank to assume duty and full control as the Managing Director and Deputy Managing Director. The acquisition process had taken about two years and entailed rigorous negotiations, and countless hours of working through documentation. It was one of the most audacious takeovers in the history of the nation’s financial industry. Indeed, the phenomenal growth of the Access Group has become an inspiring success story. Shortly after the takeover, Access Bank embarked on a five-year transformation agenda, and two years into the plan, the CBN announced the N25 billion capitalisation deadline set for end of December 2005. The institution’s management went to work, raising the required capital and developing the impetus to seek opportunities for possible mergers and acquisitions. Recognising the opportunity that existed to build scale, the institution mobilised its workforce and quickly raised N15 billion via a public offer, acquired two other small banks, Capital Bank Ltd. and Marina International Bank Ltd., and convinced FMO, the Netherland development finance company, to become an institutional investor through the conversion of a $15 million term loan it had earlier given to the bank. With the N25 billion capitalisation met and surpassed, the race to the top became a fixed goal to the new owners. They then embarked on aggressive drive to raise money both from local and foreign capital markets. Between 2006 and 2007, Access Bank raised a local bond issue of N11.9 billion and in 2007 it raised N136 billion in public offerings, including a highly successful and oversubscribed GDR (global depository receipt) and established Access Bank UK. In June 2008, the beginning of the second five-year transformation plan, every action was geared at taking the institution to the top. Between 2009 and 2011, the bank passed CBN’s special audit on governance, liquidity and capital adequacy conducted under the tough-talking Sanusi Lamido Sanusi. Three major achievements were also recorded. The bank was awarded IFC Sustainable Bank of the Year; it acquired Intercontinental Bank and was ranked the fourth largest bank in Nigeria as a result of the acquisition.

With these successes, a huge surge of confidence and can-do spirit have by now swept through the entire workforce. Staffers went through a rigorous process of reorientation and change of the bank’s vision and mission; and with business combination with Intercontinental completed in 2012, management staff assumed bigger roles and responsibilities. Access Bank became one of the favourite places to work for bankers from other institutions. The bank was enjoying the pulsating work pace and dynamic work environment, enthralled in seeing the dream of being in the top five becoming a reality year after year.

That same 2012 and spanning 2013, the bank raised $350 million Eurobond in the international market and divested from non-banking subsidiaries. It was also designated as a significant important financial institution by the CBN, one of the very few in the industry. This means a recognition of its huge footprint in the economy, the integrity and respect of its leaders and the fact that the bank could not be allowed to fail under any circumstance. It is for this reason that the CBN recently intervened in the board and management composition of one bank. Another huge milestone came in 2014 when Access Bank issued $400 million subordinated note (tier 2 bond) and transited into a large, diversified banking institution.

In January 2014, Herbert Wigwe assumed duty as the Group Managing Director & Chief Executive Officer, after the retirement of Aigboje Aig-Imoukhuede. With enormous goodwill and attractive brand equity, the bank continued to outpace its contemporaries. In 2017, it further shored up its capital by raising N42 billion through rights issue and issued another $300 million subordinated note.

But it was its merger with Diamond Bank in 2018 that catapulted Access Bank to the number one slot in at least some parameters: assets and retail business with 646 branches. It also recorded the biggest channel touchpoints: 38 million cards; 3,000 ATMs and 34,000 POS terminals. In 2019, Access bank issued the first green bond in Nigeria. In 2020, it expanded its African business into Kenya and Mozambique and became the first Nigerian bank to set up shop in South Africa. A few weeks ago, the South African ambassador to Nigeria was on TV commending the bank for establishing a branch in his country.In 2022, Access Bank marked the final year of its previous five-year strategy, which focused on building Africa’s gateway to the world, through the deployment of robust risk management practices, and a flawless execution of its strategic priorities. By all key metrics, the strategy was successfully executed as the bank grew its scale to span over 6,000 dedicated professional staff serving over 52 million customers across 17 markets worldwide.

In the second half of 2022, Access Bank was restructured into a Holding Company – birthing Access Holdings – to realise the potential of the synergies from the various businesses, while expanding product offering to customers in payments, insurance, consumer finance and pensions.

True to plan, Access Holdings, in 2023, launched its operations in Paris, setting the tone for a robust long-term goal across the Northern Hemisphere. The Group has also strategically ventured into new territories, bringing its expertise, resources, and innovative solutions to areas with immense growth potential. These strategic moves exemplify the company’s vision to be a pan-African force, contributing to economic development across borders.

Through its subsidiaries, the institution has played a pivotal role in sectors ranging from finance and banking to agriculture, technology, and healthcare, bringing diverse opportunities to the communities it serves.

In countries where Access Holdings has established a presence, the institution has become a driving force for job creation and entrepreneurship. Access Holdings has sown the seeds of sustainable economic development by supporting Small and Medium Scale Enterprises (SMEs), investing in local businesses, and providing financial solutions tailored to the needs of each market.

The company’s ability to adapt its business model to the unique dynamics of each African market sets it apart, as it recognises that Africa is not a monolithic entity, but a collection of diverse economies with distinct challenges and opportunities.

Through its expansion strategy, the institution tailors its approach to address the specific needs of each region, contributing to a more inclusive and holistic development across the continent. Commencing in the second half of 2024, the Group’s Africa and international expansion strategy will enter the consolidation and efficiency phase, aligning with the institution’s five-year plan to accelerate the attainment of its 2027 strategic object

TV/Movies › Faith-based Film "CHAINS: No Longer A Slave" Hits Cinemas by PENTALK360(op): 6:30pm On Jun 05, 2024
Gospel Cinema International Brings the Love of God to Cinemas with Faith-Based movie CHAINS-No Longer A Slave


Popular Christian Word and Music Ministers like, Apostle Anselem Madubuko, Onos Ariyo, Solomon Lange, Chioma Odimba (Ccioma), Flora Solomon Lange, Apostle Tayo Christian, Naomi Mac Paladini, Anne Ekueme, Jayclef Adewale, Henry Ned, Gideon Ibeabuchi, all featured in a Gospel Cinema International’s ground-breaking faith-based movie, CHAINS- No Longer A Slave, written, produced, and directed by ace movie producer and director Bright Wonder Obasi.

CHAINS movie, which wrapped principal photography in August 2023 in the city of Abuja Nigeria, is an inspiring and emotional drama/thriller set in the 21st century Gospel Music ministry and the music industry worlds. With an engaging and thought-provoking storyline, CHAINS explores the theme of God’s overwhelming love that will leave the 99 and go in search of one lost soul, dissecting the internal struggles of pursuing one’s dream in a world that often challenges their beliefs and faith.




It tells the story of a Gospel Artiste on a journey to balance his Music Ministry and the realities of the music industry, putting at risk all he's built over the years, while battling a moral disease common to all humanity, but determined to live no longer a slave.




The movie was filmed with high-end film equipment and locations, forging a collaboration of professional expertise and spiritual consecration, and stars a number of popular Christian Word and Music Ministers.

According to the writer, producer and director of Chains movie, Bright Wonder Obasi, “Films and the media industry has been utilized across ages to shape the culture and norms of societies. Films have become more influencers of norms and values in the society than even the Sunday School classroom. Every content is designed to drive an AGENDA; hence the reason we have to be Intentional. And since darkness is the absence of light, then the problem with the world is never the darkness, but the bearers of the light who have refused to shine the light, especially in the market place, so the darkness might give way. If people knew how much God loves them, and the extent He would go to ensure that they have a good life, they most definitely will be drawn to Him and love Him. CHAINS is a highly spiritual movie that has come as a beacon of light at such a time as this, to stir up a revolution in the film industry, bringing the love of God to cinemas, and seeding the emergence of more Christ-centric films in main stream distribution; both cinemas and streaming platforms.

CHAINS movie, which is distributed by Silverbird Distribution, will have its Nigeria premiere in Abuja and Lagos, before commencing its theatrical run across cinemas in Nigeria from August 16, 2024. Afterwards, the movie will commence a tour across Africa, The US, UK, Canada, and more.

CHAINS movie is a production of Gospel Cinema International, a Christian Film Ministry, focused on motion picture evangelism, through the production and distribution of movies, TV series, documentaries, media contents in general for the purpose of praising God, inspiring Christians, evangelizing the unsaved, and spreading the gospel of Jesus Christ. For the earnest expectation of creation eagerly awaits the manifestation of the sons of God therefore, God’s children must arise to establish the Kingdom Culture even in main stream distribution.




Gospel Cinema International is on a mission to power an ecosystem that will support Christian Filmmakers to uphold the truth of God’s word, and shine the light in a drowning morally decaying society, through motion pictures, and also create wholesome entertainment for the Christian community.




The support of the Christian faith community will power this, and the time is Now!

CHAINS - No Longer A Slave (Official Trailer)

Its partner on the project, High Definition Film Studio, with over 12 years of experience, is renowned for its exceptional technical prowess, artistic vision, and consistency in delivering visually stunning, emotionally captivating, and societally transformational films, including If I Am President, and Broken.



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Business › Experts Advocate Value Cultivation In Food, Beverage, And Tobacco Manufacturing by PENTALK360(op): 6:04pm On Jun 05, 2024
Stakeholders in the Food, Beverage, and Tobacco (FBT) Sector of the Manufacturers Association of Nigeria (MAN) have enjoined local manufacturers to sustain the culture of quality throughout the entire manufacturing process to maintain brand loyalty and ultimately increase the bottom line consistently.

This charge was made during the 2024 Annual General Meeting of the Food, Beverage, and Tobacco Sector of the Manufacturers Association of Nigeria (MAN) which was held recently in Lagos. Declaring the AGM open, the Director General/CEO of MAN Mr. Segun Ajayi-Kadir, mni, urged manufacturers to prioritize quality, standards, and innovation in the manufacturing process to remain relevant to consumers. He stressed the need for collaboration among manufacturers to create a greater impact on the Nigerian economy.

He decried the increase in electricity tariff, saying it worsens the already harsh operating environment. “Local manufacturers have remained resilient against daunting macroeconomic and infrastructure inadequacies – notably power. But manufacturers need power at a fair price. Power accounts for about 40 percent of our cost, depending on how power-intensive the manufacturing process is,” Ajayi-Kadir noted.

Speaking on the theme: “Cultivating Value: Employing Quality, Standards, and Innovation in Strengthening Food, Beverage and Tobacco Manufacturing”, the Guest Speaker and Head of Corporate Affairs & Sustainability of Rite Foods Limited, Mr. Ekuma Eze, described the Food, Beverage, and Tobacco Sector as a very significant sector in the Nigerian manufacturing landscape, representing 34 percent of the entire manufacturing sector and a GDP contribution of about 5 percent in 2022.

He however, noted that although the manufacturing industry is a key driver of the economy, Nigeria’s manufacturers were far from being competitive because of structural and systemic challenges that have inhibited the growth of manufacturing and its contribution to the economy.

“Whereas the Food, Beverage, and Tobacco manufacturing sector remains the largest manufacturing sub-sector, it is still far from competitive on a global scale”, Eze emphasized. “On the local scene, the odds are steeped against manufacturers including poor infrastructure, high inflation, energy issues, forex illiquidity, unpredictable regulatory environment, insecurity, and high tax burdens which has severely impacted the profitability of the Food, Beverage, and Tobacco sector in recent years.”

However, he advocated for strategic government intervention to enhance the sub-sector’s competitiveness, particularly in the contextenhance, African Continental Free Trade Area (AfCFTA).

“Our policies must encourage manufacturing to ensure economic progress because manufacturing should be a key driver of economic growth, job creation, income generation, and contribution to the GDP,” he said.

Also, Dr. Aina Olugbenga Steven, deputy director at NAFDAC and chairman of the Nigerian Institute of Food Science and Technology (NIFST), Lagos chapter, said local manufacturers must be commended, “for continually combating such challenges as electricity tariff and foreign exchange volatility within Nigeria’s business environment which has remained volatile, uncertain, complex, and ambiguous (VUCA).”

The high point of the day was the election of new officials to lead the group. Mr. Chinedu Okereke, Managing Director of The La Casera Company emerged as the new chairman with Mr. Fred Chiazor as Vice Chairman. Mrs. Olajumoke Bamigbola (Treasurer) and Mrs. Bukola Akanmu (Technical Adviser) complete the quartet.

The outgoing Chairman, Engr. (Dr.) Patrick Anegbe thanked everyone for their support and called on members to cooperate with the new team for the overall growth and progress of the Food, Beverage, and Tobacco sectors.

Business › Adron Homes Chairman Announces Ojude oba Sponsorship, Pays Homage To Awujale by PENTALK360(op): 5:57pm On Jun 05, 2024
Adron Homes team consisting of Senior executives and the Chairman and Group Managing Director; Aare Adetola Emmanuel-King has paid a courtesy business visit to the Palace of the Awujale of Ijebuland over the week. This significant visit, underscored the profound respect accorded to His Imperial Majesty, Oba Sikiru Adetona Ogbagba II, the revered Awujale of Ijebuland, who recently celebrated his momentous 90th birthday.

Characterized by an atmosphere of reverence and admiration,Adron Chairman gave a touching address where he expressed deep gratitude to Kabiyesi, extolling his virtues as a father figure to all ijebu sons and daughters across the world. Aare Adetola extended sincere wishes for more glorious years of service to the people of Ijebuland and prayed for the monarch's enduring health and long reign.

As Nigeria's leading real estate company, Adron Homes once again showcased its unwavering commitment to community engagement and cultural preservation during the visit.

The Chairman also announced Adron Homes eagerness and readiness to be a major sponsor of this year's Ojude Oba Festival. This colourful and widely attended annual celebration serves as a profound connection between the past and present, uniting generations of the Ijebu people to celebrate their rich heritage and express gratitude for the year's blessings.

Aare Adetola promised significant discounts on all Adron Homes products in the Ileya 2024 promo and Ojude Oba event. This initiative aims to encourage both Ijebu indigenes and non-indigenes to invest in properties within any Adron Homes Estate nationwide, thereby promoting widespread home-ownership and community development.

In response, Oba Adetona bestowed his blessings on the Adron Homes Team. Kabiyesi expressed profound gratitude to God Almighty and offered special thanks and prayers for the management of Adron Homes. He further encouraged the company to maintain its exemplary status as a proudly Nigerian real estate brand.

Business › Mouka Partners With Herconomy, 360 Complete Woman To Offer Grants... by PENTALK360(op): 7:21pm On Jun 04, 2024
Mouka Partners Herconomy, 360 Complete Woman to Present Business Grants and Quality Sleep Solutions to Deserving Women.


For many years, Mouka has steadfastly committed to corporate social responsibility, as evidenced by its five CSR pillars: “Comfort for Children, Health Programs, Skills for Life, Disaster Relief, and Community Support.”

Under the 'Skills for Life' pillar, Mouka has consistently invested in scholarship and entrepreneurship programs, demonstrating its long-term dedication to empowering Nigerians to contribute to the nation's economy.

As far back as 2019, Mouka began partnering with Herconomy (previously called AGS Tribe), Nigeria’s first Fintech company for women, dedicated to empowering female entrepreneurs and professionals through financial services, capacity building, community, and opportunities. Mouka teamed up with Herconomy to present cash grants to deserving women who balance entrepreneurship and motherhood despite numerous challenges and still contribute to sustainable development growth. Coined “Mum in Business,” the first grand prize winner was Maryam Adebola-Salami, founder of Mobaby Care Nigeria, an all-natural skin and hair care solutions company for children, who won based on the consistency and uniqueness of her narrative.

In May 2024, Mouka remained committed to supporting women by presenting N1,000,000 grants to three winners of the Mothers' Day online engagement organized by Herconomy. These grants are aimed at enhancing their businesses. The mums also went home with high-quality Mouka mattresses and pillows for healthy sleep and improved well-being, recognizing the importance of rest in their busy lives.

The three mothers, Mrs. Blessing Olojo-Olayemi, Mrs. Ogooluwa Abidemi Badmus, and Mrs. Alausa Haleemah, were meticulously chosen after a rigorous selection process. They submitted videos showcasing their remarkable ability to balance business with motherhood. This online initiative, a collaboration between Mouka and Herconomy, ensured a fair and transparent selection process, making the winners truly deserving of the grants. Mrs. Blessing Olojo-Olayemi, with the business name 'Motale Elekogbajumo' for food processing and packaging, emerged as the first prize winner, receiving N500,000 (Five Hundred Thousand Naira), and a hybrid mattress and pillows.

Mrs Ogooluwa Abidemi Badmus, the second prize winner and owner of the 'Tammypartyplace' event planning venture, smiled home with N300,000, while the third winner, Mrs. Alausa Haleemah, received N200,000 to enhance her fabric enterprise, with quality mattresses and pillows as complementary gifts.

The cash prizes and products were presented at the company's head office in Ikeja, Lagos, on Wednesday, 29th May 2024. The winners commend Mouka for its generosity and for making it easy for them to improve their small-scale enterprises.

While receiving her prize, the overall winner, who could not hold her joy, extolled Mouka for its goodwill, saying, "I am deeply grateful to Mouka for awarding me the Mothers' Day Mum in Business grant. This support will significantly impact my trade. Thank you for empowering and uplifting mothers."

The second winner, who was very excited, avowed, "I am so delighted, I have never won anything like this. I am very grateful to Mouka; this gift came at the right time." Similarly, the third beneficiary affirmed, "I appreciate Mouka for this amazing opportunity, which would boost my business. I have been using Mouka products since childhood."

In addition to the Mum in Business initiative, Mouka supported another program targeting women called the 360 Complete Woman beauty contest. The Complete 360 Woman is an online community that supports women in attaining a sense of self-worth and purpose, thereby adding value to women by helping them become the best versions of themselves through self-awareness. This passion has created a platform, "The Complete 360 Woman Conference, for women to learn, enhance, and grow in a 360 capacity in the modern world. Mrs. Okoronkwo Esther Kosacachi emerged as Queen in this 2024 edition. Esther, a mother from Anambra State, also smiled home with a Wellbeing hybrid orthopedic mattress and pillows.

Commenting on the initiatives, Mouka's Media and Insights Manager, Godwin Anumenechi, stated that the company intentionally supports initiatives targeted at women to bridge the societal gap created by gender bias and discrimination.

“At Mouka, we see women as a key pillar of support in every home and society. We believe in an inclusive society where women are empowered to contribute their quota to the economy in line with the 10th SGD goal of reduced inequalities”. Godwin said.

 

 


PHOTO CAPTIONS


Mouka Herconomy Pix 1

From Left: Mr. Dimeji Osingunwa, Chief Commercial Officer, Mouka; Blessing Olojo-Olayemi, First Prize Winner of N500,000, in Mouka’s Mothers’ Day online engagement; Ife Durosinmi-Etti, Chief Executive Officer and Founder, Herconomy; and Tolu Olanipekun, Head of Marketing; during the presentation of cheques to the three winners of N1,000,000 in the company’s Mothers’ Day online engagement in collaboration with Herconomy, on Wednesday, 29th May 2024, at Mouka’s head office in Lagos.


Mouka Herconomy Pix 2

From Left: Mr. Dimeji Osingunwa, Chief Commercial Officer, Mouka; Ogooluwa Abidemi Badmus, Second Prize Winner of N300,000, in Mouka’s Mothers’ Day online engagement; Ife Durosinmi-Etti, Chief Executive Officer and Founder, Herconomy; and Tolu Olanipekun, Head of Marketing; during the presentation of cheques to the three winners of N1,000,000 in the company’s Mothers’ Day online engagement in collaboration with Herconomy, on Wednesday, 29th May 2024, at Mouka’s head office in Lagos.


Mouka Herconomy Pix 3

From Left: Mr. Dimeji Osingunwa, Chief Commercial Officer, Mouka; Alausa Haleemah, Third Prize Winner of N200,000, in Mouka’s Mothers’ Day online engagement; Ife Durosinmi-Etti, Chief Executive Officer and Founder, Herconomy; and Tolu Olanipekun, Head of Marketing; during the presentation of cheques to the three winners of N1,000,000 in the company’s Mothers’ Day online engagement in collaboration with Herconomy, on Wednesday, 29th May 2024, at Mouka’s head office in Lagos.


Mouka Herconomy Pix 4

From Left: Alausa Haleemah, Third Prize Winner of N200,000; Blessing Olojo-Olayemi, First Prize Winner of N500,000; and Ogooluwa Abidemi Badmus, Second Prize Winner of N300,000; in Mouka’s Mothers’ Day online engagement; during the presentation of cheques to them on Wednesday, 29th May 2024, at Mouka’s head office in Lagos.

Career › Spellz Inspired Me To Be A Better Version Of Me - Alternative Singer, Dejon by PENTALK360(op):
Jonathan Ogbonna, also known as DeJon, is born into the family of four children; an elder brother and sister, and two younger sisters.

A graduate of Geology from the University of Ibadan. Jonathan is a Christian with a passion for music and married to the most amazing woman in the universe. He is also blessed with a daughter.

In this chat with SHABA GBENGA, the Publisher of Omonaijablog, DeJon, an alternative singer spoke about his life, his career and music. He also revealed what he can't do to 'blow'.

He revealed much more, so much more.



Tell us about your journey into the entertainment industry.

My first encounter with music was as an eight-year-old boy. I was merely influenced by my mother, who was to release an album around that time. In primary 6, I started playing the keyboard for my Church and making melodies. During my 100 level in the higher institution, my friend and roommate, Toba, advised me to get lyrics for my melodies, instead of just letting them waste; so I wrote my very first song then. Of course, I did not release it, I was supposed to present it for the University of Ibadan Fresher’s Welcome Program at the Chapel of the Resurrection, The Youth Forum. However, I told myself, maybe I will still release the song, unedited so the world can see the growth.


How do you come about the name DeJon?

People call me Jon for short, but my mom calls me Dee Jon (which translates to Uncle Jon) when she is pleased with me and wants to pet me to do something for her. I liked the name; I decided to concatenate it and write it as DeeJon. To my surprise, I found out there is an actual name like DeJon which means 'God is gracious', often found among African Americans. I adopted the name, more so because of the meaning of the name.


What has been your experience since you started?

It hasn't been easy, but it hasn't been unbearable either. There have been moments of both joy and pain, but through it all, one thing has been consistent - growth. My experiences have shaped me and given me new perspectives on life. They have also reshaped my understanding of the music industry through what I have seen and heard.


What is your genre of music?

I am an alternative singer.

As an alternative singer, who are those who inspired you to do music?

I have been inspired and influenced by lots of musicians. The first is my mom, although her songs were never released nor published. I believe I got my musical talent from her. I was first inspired to write my first song by my roommate Toba. He believed in me and told me that my melodies were worth listening to if only I would find words for them. I have also been inspired by the likes of Jon Bellion, Jon Legend, Rihanna, and Justin Bieber. Bringing it home, in no particular order, I have also been a lover of Rema Music, WizKid, Buju, Davido, and Burna Boy.


Who is your greatest inspiration of all time?

Of all the big celebrities in the music industry, Spellz happens to be the only one I have come close to, beyond studio sessions. He has inspired me to be a better version of the Me he first met and given me a better perspective on success in the music industry.

He has taught me a lot about the music industry, he gave my music exploration a definition. He has shown me music is beyond the studio room, and that the real life of an artist starts after he is done with his studio sessions and performances.


How do you source for inspiration to sing?

I take a walk, I sleep and receive melodies in my dreams sometimes, and I drive out in an open space enjoying nature and the breeze. Sometimes, I eat and take a shower. Some other times I see a movie or have a fun time with my wifey.


What's that unforgettable thing you ever found yourself doing?

I remember a time in school when I took the punishment for my younger sister. As she was a girl, I didn't want her to be punished. At the time, I was a prefect, and school rules prohibited public punishment of a prefect. I went to the principal, handed in my badge, and offered to take the punishment in her place. My sister appreciated and respected me even more for it. The school management was surprised and returned my badge to me.

Can you do a Sugar Mummy to grow?

No, please.

Why?

Apart from the fact that I’m married, I don’t see reasons why I need to do a sugar mommy to blow. Music is art; people love good art and are always drawn to it, just like an ant is drawn to sugar. If you have a good craft, and the right support system, the people will accept you. There is only not so much you can achieve as an artist if your foundation in the industry is sugar mommy. I would rather develop my craft to blow.


What do you consider a success in the entertainment industry?

It is being who you want to be in the industry without sacrificing your personality or breaking your rules to attain it. For me, success in the industry is attaining a position where I can freely relate without restrictions; my music to a stream of audience willing to vibe hard with me, and not sacrificing my persona. That is success to me. I want that freedom of expression. I do not want to lose myself or become whoever the market wants me to become in order to blow.


Why do you think most young artists find it difficult to succeed?

First success is relative. They have to define what success truly entails for them. Talent, persona, and a strong management team have a strong impact on the market value of an artist. When the artist lacks these things, they might suffer in the industry. However, there are no simple ways of explaining these things, as some people have succeeded without the obvious requirements and some have also not seen success although they have it all.


Lyrically, what are some of the works you have done. And what are you working on presently?

I am currently working on a couple of songs with Spellz.
Two of the songs are ready and we will be sharing with you all very soon. I am so excited about the project because we created something very spiritual.


OK. What do you do to relax?

I listen to music, I watch movies, I eat junks, take a shower, I take a walk, and I play with my girls.


What are some of the things most people don't know about you?

I love eating food that I did not cook and I enjoy being in nature. I cherish life, and love, and believe that men should always love and protect the women around them.

Can you share your social media handles with us?

Sure, of course.
Instagram and thread- Officialdejon
Twitter: official_dejon
Tik tok: officialdejon_
Snap chat- officialdejon



#DeJon, #Spellz, #Jonathan Ogbonna, #Omonaijablog, #Rema Music, #WizKid, #Buju, #Davido, #Burna Boy #AlternativeSinger #AlternativeMusic, #Officialdejon, #official_dejon, #officialdejon_
#officialdejon, #Jon Bellion, #Jon, #Legend, #Rihanna, Justin Bieber

Business › FirstBank Posts N238.53BN Q1 2024 PBT by PENTALK360(op): 12:01pm On Jun 01, 2024
FirstBank Maintains Impressive Performance, Posts N238.53BN PBT In Q1 2024


FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023.

 

The Q1 2024 results was a reflection of 2023 impressive performance as one of the oldest banks in Nigeria sustained its fundamentals amid domestic and foreign challenges. From its Q1 2024 profit & loss figures, the Group declared N208.1 billion profit, which was about 315.8 per cent compared with the N50.1 billion reported in Q1 2023.

 

The group announced N730.3 billion gross earnings in Q1 2024, which was an increase of 181.4 per cent from N259.5 billion in Q1 2023.

 

Amid hike in Monetary Policy Rate (MPR), the financial institution declared N455 billion interest income in Q1 2024, a growth of 153.3 per cent from N179.6 billion in Q1 2023, while interest expenses closed Q1 2024 at N226.42 billion, representing 234.1per cent increase from N67.76 billion reported in Q1 2023.

 

On the backdrop of a double-digit inflation rate, operating expenses moved from N111.2 billion in Q1 2023 to N212.80 billion reported in Q1 2024.

 

Total assets from the balance sheet position stood at N21.58 trillion as of March 2024, which was a 27.4 per cent increase from the N16.94 trillion recorded in 2022.

 

As FBNHoldings declared N8.42 trillion Customer loans & advances (Net) as of March 2024 from N6.36 trillion in 2023, full financial year, its customer deposits stood at N13.27 trillion as of March 2024, an increase of 24.4 per cent from N10.66 trillion reported in 2023 financial year.

 

The Group Managing Director, FBNHoldings, Nnamdi Okonkwo in a statement said, “FBNHoldings’ strong start to the year reinforces the confidence in achieving targets and delivering sustained value for our shareholders. “Our commitment to optimising the Group’s earnings capacity and maximising operational efficiencies has again delivered outstanding results.

 

“Underpinned by strong revenue growth and improved operational efficiency, our key financial metrics have shown significant improvement. Remarkably, gross earnings grew 181.4per cent to N730.3 billion, while profit before tax increased by 325.2per cent to N238.5 billion while our total assets increased by 27.4per cent in three months to N21.6 trillion.”

 

He added that the Group remained focused on its strategic initiatives towards further improving profitability, enhancing excellence in performance and surpassing stakeholders’ expectations.

 

However, the shareholding structure of FBNHoldings showed, the Group Chairman, Mr. Femi Otedola direct and indirect stake in the Group stood at 2,517,282,140 as of March 2024 from 1,999,342,376 March 2023.

 

The stock price of FBNHoldings closed March 27, 2024 at N21.1 per share on the floor of the Exchange.

Business › Transcorp Group Announces N142 Billion Revenue by PENTALK360(op): 2:26pm On May 29, 2024
Transcorp Group Announces N142 Billion Revenue, N58.8 billion PBT, and Celebrates 10 year’s unbroken Dividend payment, at 18th Annual General Meeting

Lagos, May 27, 2024: Transnational Corporation Plc (Transcorp Group or the Group), Nigeria’s leading listed conglomerate, announced 57% revenue growth, from N90.3 billion in 2022 to N142.1 billion in 2023, at its 18th Annual General Meeting (AGM), held on Monday, May 27, 2024, at the Transcorp Hilton Hotel, Abuja.

The Company’s outstanding financial results were driven by successful execution across all business lines and demonstrated Transcorp Group’s ability to deliver to all its stakeholders, including shareholders. At the AGM, Transcorp Group confirmed excellent year-on-year growth: the Group’s total assets grew by 20% increase, up from N422.7 billion in 2022 to N529.9 billion in 2023, PBT grew from N30.3 billion in 2022 to N58.8 billion in 2023, and PAT for the Group increased from N16.8 billion to N32.5 billion. This performance was due to the strong results across its subsidiaries: Transcorp Hotels Plc, Transcorp Power Plc, Transafam Power Ltd, and Transcorp Energy Ltd.

The Group’s power subsidiaries, which together with its strategic investment in OPL281, form the basis of its integrated energy strategy, also achieved significant growth, achieving a profit increase of 63%, from N17.7 billion in the previous year to N28.9 billion in 2023. Transcorp’s power businesses, Transcorp Power Plc and Transafam Power, provide over 20% of Nigeria’s installed power capacity and the Group recently entered the distribution sector, through its investment in Abuja Electricity Distribution Plc.

The Group’s hospitality business achieved record average occupancy of 81%, with profit increasing by 105% from N4.6 billion in the previous year to N9.5 billion in 2023; while revenue grew by 36% from N30.4 billion in 2022 to N41.5 billion.

President/Group CEO, Dr. Owen D. Omogiafo, OON, highlighted the Group’s strategic growth plans, including the multipurpose, world-class 5,000-capacity event centre at the Transcorp Hilton Abuja, opening this year, as well as the ambition to increase available power generation capacity. She said: "The reward for success is more work, and across our Group, we are not relenting. We are focused on maximising our strengths and opportunities for vertical growth, to deliver more value and achieve sustainable growth. We are confident that the coming year will bring even more value to our shareholders."

Tony O. Elumelu, CFR, Group Chairman, explained: "Transcorp Group has not only recorded unprecedented growth, the Group has demonstrated its potential to deliver much more value to stakeholders and to our country. The sustained success of all our businesses reflects our resolute stance on corporate governance, our commitment to improving lives and transforming communities, and the priority we place on our people. Despite the current macro-economic challenges, the future remains an exciting one”.

“Government has a critical role to play. We remain committed to creating more value and appreciate the policies already implemented. However, we call on the Federal Government to prioritise the crippling issues in the power sector. The challenges in the power sector should be uppermost in our nation’s transformation agenda. The private sector cannot thrive without improved access to electricity. Fundamentally reforming the power sector is essential to our national economic transformation.”

Shareholders at the AGM approved a dividend of 10 kobo, a 100% increase over the previous year. The financial year 2023 is the 10th consecutive year of consistent dividend payment by Transcorp Group.

Shareholders also lauded Transcorp Group’s commitment to growing shareholder value and strong corporate governance, as well as its consistency in paying dividends year-on-year. The Group’s commitment to community and social responsibility, inclusive of its sustainability and CSR projects, was also commended at the AGM.

About Transnational Corporation

Transnational Corporation Plc (Transcorp Group) is one of Africa’s leading, listed conglomerates, with strategic investments in the power, hospitality, and energy sectors, driven by its mission to improve lives and transform Africa.

Transcorp’s power businesses, Transcorp Power Plc and Transafam Power, provide over 20% of Nigeria’s installed power capacity. Transcorp is committed to developing Nigeria’s domestic energy value chain, through its investments in OPL287. The Group’s hospitality business, Transcorp Hotels Plc owns the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination, and has launched the digital platform Aura by Transcorp Hotels.

www.transcorpgroup.com

Business › Amo Farm Sieberer Hatchery Celebrates Children's Day, Champions Child Nutrition by PENTALK360(op): 11:28am On May 27, 2024
Amo Farm Sieberer Hatchery Limited Celebrates Children's Day by Championing Child Nutrition

Amo Farm Sieberer Hatchery Limited (AFSH) commemorates Children's Day with a strong commitment to tackling childhood malnutrition in Nigeria.

This year's theme, "Investing in our future means investing in our children," resonates deeply with AFSH's mission. The company emphasizes the importance of healthy living for children, particularly through access to protein, a crucial element for reducing stunting and malnutrition.

"Investing in children's education, skills, and well-being equips them to become future leaders," says Dr. Ayoola Oduntan, AFSH Group Managing Director. "Part of this investment includes fostering healthy habits like consuming animal protein."

AFSH's commitment extends beyond words. The company's Noiler Bird, a dual-purpose innovation, plays a vital role in this fight. This bird produces four times more eggs and three times more meat than traditional breeds, making it an ideal source of protein for families. Furthermore, its hardiness and low maintenance requirements make it well-suited for backyard farming, empowering rural families with both protein and income generation.

AFSH's natnudO Foods division ensures access to packaged chicken, beef, and eggs across the nation, further bolstering protein availability for children. Additionally, the natnupreneur program empowers farmers to participate actively in poultry farming, contributing to agricultural development.

Dr. Oduntan emphasizes AFSH's dedication to national agricultural advancement. "Through Noiler Bird, we aim to increase access to chicken and eggs in all communities. Empowering over 1.3 million households in small agribusinesses enhances food security and paves the way for healthier children."

The press release highlights the alarming statistics on malnutrition in Nigeria, citing UNICEF data revealing that 100 children under five die from malnutrition every hour. Furthermore, the country has the second-highest burden of stunted children globally. AFSH recognizes the urgent need to increase Noiler farming to effectively address this national health crisis.

Amo Farm produces over one million chicks per week, encompassing layers, broilers, and their innovative Noiler. The company plans to increase production by 30% annually to meet the rising demand for protein in the country.

Launched in 2014, the Noiler Bird exemplifies AFSH's commitment to innovation and social responsibility. This Children's Day, the company reaffirms its dedication to fostering a future where all Nigerian children have access to a healthy and fulfilling life.

Business › Shareholders Hopes For Better Rewards In The Years Ahead by PENTALK360(op): 11:06am On May 27, 2024
“All that average investors look for in a company is the fundamental, and Fidelity Bank is very strong in this. They are poised to surpass what they have projected. I should say the sky is their limit despite the headwinds.

“Fidelity Bank remains one of the best stocks that investors should look forward to invest in for better returns. I'm very optimistic of the bank’s healthy strong assets. With its good corporate governance and excellent customers’ service, there is every reason to hope for more promising future,” Okezie said.

The interim report and account of the bank for the first quarter ended March 31, 2024 showed that the bank started the current business year on stronger footing with three-digit growths across key performance indicators.

The three-month report, released at the NGX, showed that gross earnings increased by 89.9 per cent to N192.1 billion in first quarter 2024. The bank’s top-line performance continued to be driven by broad-based growths across income lines with interest income rising by 90.7 per cent and non-interest income growing by 84 per cent in first quarter 2024.

Growth in interest income was primarily spurred by a higher yield environment and strong earning assets base, while the increase in non-interest income was led by double-digit growth in account maintenance charges, foreign exchange (forex)-related income, trade, banking services, and remittances, supported by increased customer transactions.

Profit before tax doubled by 120 per cent to N39.5 billion in first quarter 2024 as against N17.9 billion in first quarter 2023. The bank’s performance was driven by expanding market share with total deposit rising by 17 per cent within the three months to N4.7 trillion, compared with N4 trillion recorded at the end of 2023. The bank also increased its supports for national economic growth with net loans and advances rising by 21 per cent from N3.1 trillion at the end of 2023 to N3.7 trillion by March 2024.

Business › Mouka Marks Children's Day, Urges Healthy Sleep For Cognitive Development by PENTALK360(op): 8:13am On May 27, 2024
Mouka celebrates with Nigerian youth on this year's Children's Day while recognizing the vital role played by parents in providing the framework for a healthy sleep culture needed for sound physical and cognitive development.

Celebrated every May 27th, Children's Day in Nigeria is conceived to promote togetherness and self-awareness among children and children’s rights within society.

Mr. Femi Fapohunda, the company's Managing Director, emphasized Mouka's unwavering commitment to children's well-being. He stated, "As we celebrate this year's Children's Day with the theme 'Investing in our future means investing in our children,' Mouka remains dedicated to promoting healthy sleep right from childhood as this is a precursor to academic excellence as well as physical, social, emotional and mental wellbeing. We have a Mouka product specially designed for each age group, from cradle to grey, to help each Nigerian sleep well so they can perform at their best the next day. A well-rested child will perform better in school and be socially well-adjusted. If a healthy sleep culture is imbibed and continues into adulthood, they will become a highly productive member of the country's labor force. In other words, investing in good sleep for our children helps to build a brighter future for our nation.”

Mouka’s Brand Manager, Tolani Tijani, shed more light on the company’s specialized products for children. “Mouka has a wide range of products specially designed with kids in mind. The Dreamtime mattress is available for younger children in the crib and regular bed sizes. Our Dreamtime mattress is water resistant, which means spills will not soak the foam core, and also breathable, which means it allows air to circulate around the child's body, keeping them cool to prevent excessive sweating. We also have the Comfy mattress, popularly called the school mattress, which supports weights up to 50kg. In addition, we have the Flora mattress, which is a great choice for older teens up to the weight of 80kg. As you can see, we have a Mouka for every Nigerian child”, Tolani said.

Medical experts also weighed in on this issue. The Nigeria Society of Physiotherapy (NSP) affirmed that quality sleep enhances a child's cognitive abilities, including reasoning, problem-solving, abstract thinking, comprehension, and memory. It also plays a crucial role in language development. Furthermore, research indicates that developmental milestones missed during childhood can have long-term effects on adolescence and adulthood. Therefore, parents need to select the right sleep products for their children, such as those endorsed exclusively by the NSP, like Mouka's.

The NSP has often partnered with the Mouka brand during school fairs, digital communication, and grassroots initiatives to create awareness of the pivotal role of quality sleep in the total well-being of Nigerian children.

Mouka is a proud member of the Dolidol Group, the market leader in Africa's sleep industry with its head office in Morocco. The Mouka mega-brand has been adding comfort to life since 1959.

Career › Queens Palm Support Initiative Hosts King’s Conference In Lagos by PENTALK360(op):
On the 25th of May 2024, Sabrina Ozma hosted a landmark conference at Elomaz Hotel in Maryland, Lagos. Themed "QUEENS PALM SUPPORT INITIATIVE: KING’S CONFERENCE," the event drew an array of honorable guests and distinguished speakers, including Ayoola Jolayemi, Ayorinde Adebello, Oluwafemi Oyewunmi, and Hon. Lanre Oyegbola. Panelists at the conference featured Tolu Aduradola, Afolabi Anibaba, and Ayo Obayemi.

Sabrina, the event's convener who was full of joy at the successful outing informed the press, that "this won't be the last event of its kind. Soon, there will be a men's (KINGS) masterclass for six weeks, completely free of charge."

Her announcement reflects a firm commitment to fostering inclusive learning opportunities, ensuring that both men and women have access to valuable resources for personal and professional growth. This initiative underscores Sabrina's dedication to education and empowerment, signaling a proactive approach to addressing gender disparities by providing equitable opportunities for skill development and enrichment.

During a chat with the press, Ayoola Jolayemi, a distinguished communication expert, emphasized the paramount importance of effective communication in all areas of life, including within our homes. He highlighted that truly listening to others is a vital component of meaningful communication. "When someone needs your time and attention, it is crucial to set aside other distractions and be fully present. By doing so, we demonstrate respect and care, fostering stronger, more understanding relationships."

Ayoola's insights serve as a reminder that good communication is foundational to building trust and connection, both in personal and professional settings.

Hon. Lanre Oyegbola, the keynote speaker, discussed "Leadership Skills and Development," a topic he has spent a lifetime exploring and embodying. He concluded his speech by emphasizing the importance of continuous self-development: "Leadership is not a destination but a journey. It requires constant learning and adaptation. By developing our skills and embracing our roles with dedication and humility, we can become the leaders our world desperately needs," he said.

On his own part, Mr. Oluwafemi Oyewunmi, a financial expert, spoke about how the youths can grow and not wait for the government. He said, "I believe strongly that we have human capacity. If you look at our population, you will find that the average age of a Nigerian is that of a Gen Z, which is an issue for our prosperity.

Saying, "People need to have the right knowledge and be equipped early enough, not just with formal education but with the capacity to discover themselves. The world itself is saturated and looking for new solutions, and I believe those solutions are with our generation. If they are exposed to the right education, the opportunities are endless."

"One of the good things that has happened to us is the success around the internet, but the internet should be used in the right direction. While people are corrupted on the internet too, if we use it to expose ourselves to more opportunities for knowledge or to find ways to make money, our young people, with their energy to learn, can discover solutions for the world."

Ayorinde Adebello, the convener of the He Conference and She Conference, spoke about how the QUEENS PALM SUPPORT INITIATIVE: KING’S CONFERENCE will impact the lives of men. He said, "This program is to help men realize that there's so much they can be and there's so much they can do. I believe this is a positive step in the right direction to help men understand that society values them and needs them."

Tolu Aduradola also commented, "QUEENS PALM SUPPORT INITIATIVE has done something very interesting by setting up an intervention that addresses men. I think the more men focus on themselves and their entire well-being, spiritually and physically, health-wise, mental well-being, the better family unit, the better marriages, society and our world at large."

Joshua Eze, a special guest at the event, added, "QUEENS PALM SUPPORT INITIATIVE: KING’S CONFERENCE will help motivate men who find it difficult to be who they want to be, who they want to become, and how to stand on their own."

Business › Access Holdings Celebrates Africa's Greatness On Africa Day by PENTALK360(op): 5:06pm On May 26, 2024
On Africa Day, Access Holdings Celebrates Africa’s Greatness, Innovations and Achievements


In line with the theme for the 2024 celebration of Africa Day, “Educate an African Fit for the 21st Century: Building Resilient Education Systems for Increased Access to Inclusive, Lifelong, Quality, and Relevant Learning in Africa”, Access Holdings is celebrating the positives across the continent.

This year's theme is a poignant reminder of Africa's diversity and the need to address the educational challenges faced across the continent.

Africa is a vast and complex continent of over 1.2 billion people speaking more than 3,000 languages across 54 countries. Despite shared challenges, each nation contributes uniquely to the continent's rich cultural and historical mosaic.

Unfortunately, education remains a significant hurdle. According to UNESCO and the African Union, over a quarter of school-age children in Africa were out of school in 2023, and 90% of children were unable to read or write by age ten.

This stark reality underscores the need for urgent educational reforms to equip future generations.In alignment with this educational drive, Access Holdings will once again host the Access Bank/UNICEF Charity Shield Polo Tournament starting from the Children’s Day Anniversary on May 27, 2024, in Kaduna.

This event, which will culminate at the Fifth Chukker Polo & Country Club on June 9, will bring together over 150 school pupils and their teachers for a day filled with sports, art activities, and messages promoting child welfare, such as “Stop Child Abuse” and “Childhood Isn’t Meant to Be a Nightmare.”

As the largest charity polo tournament in Africa, this event highlights Access Bank's commitment to supporting underprivileged children, having donated over N700 million towards building schools and providing social amenities for surrounding communities in the past seven years.

Beyond education, there are numerous aspects of African heritage and achievements that deserve celebration:Angola: Known for its vast oil reserves, Angola is also home to the ancient Tchitundo-Huluvilo Caves, a significant cultural landmark showcasing, prehistoric art.

Botswana: Celebrated for its stable democracy established by Sir Seretse Khama, Botswana is also renowned for producing world-class athletes like Amantle Montsho, a former world champion sprinter.

Cameroon: Home to the towering Mount Cameroon and the legendary musician Manu Dibango, Cameroon has made significant contributions to global music and boasts rich natural beauty.

Democratic Republic of Congo (DRC): Known for its rich copper reserves and the majestic Congo River, the DRC is also the birthplace of Patrice Lumumba, a pivotal figure in Africa's fight for independence.

Gambia: Famous for its beautiful beaches and vibrant culture, Gambia is also making strides in education and tourism, becoming a notable destination in West Africa.Ghana: A beacon of democracy and economic growth in West Africa, Ghana is also celebrated for its rich history, including the Ashanti Kingdom and significant cultural festivals.

Guinea: With its rich mineral resources, particularly bauxite, Guinea is also known for its vibrant music and dance traditions that play a crucial role in cultural identity.

Kenya: Renowned for its breathtaking landscapes and wildlife, Kenya is a leader in environmental conservation and home to world-renowned long-distance runners.

Mozambique: Known for its stunning coastline and rich cultural heritage, Mozambique is also recognised for its vibrant arts scene, including music and dance.Nigeria: Africa's most populous nation, Nigeria is celebrated for its diverse cultures, Nollywood film industry, and significant contributions to literature and music, including figures like Chinua Achebe and Fela Kuti.

Nigeria is also home to Dangote Petroleum Refinery, the continent’s largest petroleum refinery.Rwanda: A symbol of resilience and progress, Rwanda has made remarkable strides in economic development and technological innovation, becoming a model for other African nations.

Sierra Leone: Known for its rich history and natural beauty, Sierra Leone is also making progress in education and healthcare, contributing to a brighter future for its citizens.

South Africa: Famous for its stunning landscapes and diverse cultures, South Africa is a global leader in mining and a symbol of freedom and reconciliation, epitomised by Nelson Mandela.Zambia: Renowned for its spectacular Victoria Falls, Zambia is also making significant strides in economic development and conservation efforts.

Access Holdings is proud to operate in these African nations contributing uniquely to the continent's narrative, from historical landmarks to modern achievements in various fields.

As we continue to consolidate the discourse around the 2024 Africa Day theme, the Group calls on Africans to unite, invest in our incredible human resource even as we work to take our rightful place on the table of deliberations of global significance.

Business › Rite Foods Celebrates Africa Day, Promotes Education And Empowerment by PENTALK360(op): 6:38pm On May 25, 2024
Rite Foods Celebrates Africa Day, Highlighting the Importance of Education and Consumer Empowerment

 

As a proudly Nigerian and world-class company, Rite Foods Limited, the leading name in the African food and beverage industry, joins the African continent in celebrating Africa Day 2024.

 

This year's theme, “Educate an African Fit for the 21st Century: Building Resilient Education Systems for Increased Access to Inclusive, Lifelong, Quality, and Relevant Learning in Africa,” resonates deeply with Rite Foods’ commitment to quality and empowerment.

 

Observed annually on May 25th, Africa Day celebrates the rich diverse cultures, achievements, and potential of the African continent.

 

The 2024 theme emphasizes the critical role of education in building a thriving Africa. Rite Foods echoes this message, recognizing education as the cornerstone of individual and societal progress.

 

Mr. Seleem Adegunwa, MD/CEO of Rite Foods Limited, emphasizes the importance of prioritizing education. “We believe that education unlocks a brighter future for Africa,” says Mr. Adegunwa. “By investing in inclusive and quality education, we empower the next generation to become active participants in the continent's growth and contribute meaningfully to sustainable development.”

 

Looking ahead, Rite Foods remains steadfast in its mission to empower African consumers by providing high-quality products and fostering a culture of learning and development.

 

The company actively invests in employee training and skills enhancement, mirroring the spirit of Africa Day's call for a more educated and resilient future.

 

Rite Foods demonstrates a commitment to the continuous development of people through its consumer well-being and sponsorship of events that are aligned with educational training of its consumers.

 

Rite Foods' dedication to excellence is reflected in its numerous awards, including "Most Innovative Carbonated Soft Drink Brand of the Year" for Bigi, "Most Outstanding Energy Drink in Consumer Engagement" for Fearless, and "Best Value for Money" recognitions across its beverage and sausage categories.

Business › Realtormax Begins Sallah Promo, Announces New Developments by PENTALK360(op): 7:52pm On May 24, 2024
Realtormax Begins Sallah Promo, Announces New Developments


Dr. Michael Adeyemi, CEO of Realtormax International Nigeria Limited, said the company will offer various incentives to customers who buy land from any of its two top real estate property - Urbanmax Estate, Obafemi Owode, Ogun State and Aje – The Wealthy Residence, Ibeju Lekki, Lagos, ahead of the Id el kabir Sallah celebrations in June.

He noted that the exciting offers began on Monday.

Dr Adeyemi explained that while a limited-time 50% discount applies for every purchase at Aje - The Wealthy Residence, household items such as ram, rice, groundnut oil, noodles, and semovita would be available on Urbanmax Estate purchase.

According to him, the gesture was designed to reward Muslim clients and others ahead of the Sallah celebrations.

The CEO also listed other developments in the company to include installment payments options, partners appraisals event, official launch of Urbanmax Estate in October and Lagos office relocation.

He further restated the real estate firm's commitment to building sustainable, eco-friendly cities across Africa, adding that it was poised to deliver on its promises and exceed expectations.

Urbanmax Promo
As the Ileya festival approaches, Realtormax introduces the Urbanmax Promo, a gesture of appreciation to Muslim clients. Special offers include household items such as rice, groundnut oil, noodles, semovita, and rams, alongside a 15% commission for realtors and exciting prizes.

The official launch of Urbanmax, the Dream City, is scheduled for October 26th, offering a luxurious blend of lifestyle and serenity at an unbeatable price. Urbanmax currently sells at 1.3 million Naira, which includes survey and deed of assignment. However, post-launch, the price will rise to 2.5 million Naira or more.

Aje – The Wealthy Residence
Realtors are invited to an exclusive inspection of Aje – The Wealthy Residence, followed by the allocation of plots to clients on June 29. With a limited-time offer of 50% discount for the Ileya festival, clients can secure a piece of Aje for just N16 million Naira, inclusive of documentation.

Installment Payments
Realtormax offers opportunities for 3-month, 6-month, and 1-year payment plans and urges clients to prioritise monthly installment payments to avoid penalties and ensure smooth project execution.

Office Relocation
Following a recent fire incident at the Allen office, Realtormax is relocating its head office. Details of the new address will be announced soon, reflecting the company's resilience and commitment to its vision.

Realtors Appraisal
An upcoming Realtors (partners) Appraisal promises to recognise and reward hard work, coinciding with the grand opening of the new office.

Politics › APC Diaspora Chieftain Mourns Ifako/ijaiye Former Chairman's Passing by PENTALK360(op): 7:28pm On May 24, 2024
The former national Chairman of APC in the Scandinavia countries, Ayoola Lawal Odunewu joins his community, Ifako/Ijaiye Federal constituency in mourning the loss of a great party leader and former Chairman of the Ifako Ijaiye, Hon. Ademola Doherty, who left an indelible mark on the constituency through his leadership and dedication.

From November 2008 to October 2011, Hon. Ademola Doherty made noteworthy progress in enhancing education, healthcare, and infrastructure within the community.

His initiatives led to the creation of 36 new classrooms, addressing the problem of students having to sit on the floor, and he provided over 1,000 new chairs and desks for a better learning environment.

In terms of healthcare, he was instrumental in setting up a maternity centre and two public health centres, significantly improving access to medical services.

Infrastructure improvements under his leadership included the development of major road networks, which enhanced connectivity and stimulated economic growth in Ifako Ijaiye.

His educational vision also saw the construction of a new model primary school in Ajuwon and the successful transfer of a school from Ogun State to Lagos State, now a key educational institution in the area.

Even after his tenure as Chairman, the late Doherty remained committed to advocating for Ifako/Ijaiye and Ojokoro at the federal level.

Based on the record, he fought for fair distribution of federal projects and resources for Ifako Ijaiye. His efforts to support marginalized groups, such as widows, elders, and youths, showcased his compassion and dedication.

He also worked on establishing job centres and business hubs to engage youth, and supported education through constituency projects, emphasizing the transformative power of opportunity and knowledge.

"The impact of the late Demola Doherty is evident not only in the tangible improvements he brought about but also in the lives he touched and the hope he instilled in the community.

His efforts have paved the way for a brighter future for Ifako/Ijaiye, the former Secretary Committee of APC Diaspora Chairmen, Ayoola said.

As the community mourns, our thoughts and prayers are with the family of the late Demola Doherty. May they find comfort in the cherished memories of his remarkable life and enduring legacy.

Politics › NYCN Europe Appoints Dr Adekunle Badmus Youth Ambassador In Turkey by PENTALK360(op): 8:16pm On May 23, 2024
NYCN Europe Appoints Dr Adekunle Badmus Youth Ambassador in Turkey


The National Youth Council of Nigeria, NYCN, Europe chapter has appointed Dr Adekunle Azeez Badmus, as the head of the council in Turkey.

THECONSCIENCEng reports that Governor of the Council, Europe chapter, Ambassador Collins Idahosa stated this in a letter dated May 23, 2024, adding that the council and the youths would benefit tremendously from the experience and expertise of Ambassador Badmus, a vibrant youth leader, serial entrepreneur, eloquent youth and education advocate, as well as a diplomat on Government Bilateral Agreements and Ambassador for Quality and Affordable Education in Africa, based in Turkey.

He is also the Director, Goodmus Learning Centre and numerous other global educational organisations.

Commenting on the appointment, Ambassador Badmus, expressed enthusiasm and readiness to further step up the tempo on sensitisation of youths on education, self-reliance and social development.

He said: “My vision and plans as an Ambassador of NYCN Turkey is to embark on a crusade to promote education and entrepreneurship among the Nigerian Youth in Turkey and redirect their activities towards meaningful engagements with a view to helping them maximise their potentials, making them viable employers of labour and contributing to the local economy in Nigeria.

“Sensitisation on education, poverty alleviation, entrepreneurship and social development will also guide the youths towards actualising their dreams and purposeful living,” he said.

Ambassador Badmus expressed gratitude to the Governor, council and all members of the NYCN, Europe Chapter for the confidence reposed in him, pledging to spare no efforts in making deep impact on the youths at home country and in diaspora.

Business › Altclub Changes Travel Experience At Lagos Airport by PENTALK360(op): 9:47am On May 23, 2024
AltClub Changes Travel Experience At Lagos Airport

Lagos, Nigeria – May 22, 2024 – Travelers at Murtala Muhammed Airport Terminal 2 (MMA2) can now enjoy a new level of comfort and convenience with the launch of Altclub by The Alternative Bank.

The innovative premium space offers a luxurious retreat where passengers can relax and recharge before their flights, while also catering to their basic banking needs.

Altclub, an arm of The Alternative Bank's digital travel financing product, Alttravel, is dedicated to enhancing travel accessibility and ease for Nigerians.

Alttravel operates a "Travel Now, Pay Later" system, eliminating the need for upfront payments and offering maximum flexibility. With zero initial deposit and impressively low mark-up rates over a flexible six-month tenor, travelers can achieve their travel goals with financial peace of mind.

Mohammed Yunusa, Director of Digital Business and Innovations at The Alternative Bank, highlighted the significance of Altclub at the launch event. "Altclub isn't just a lounge; it's a sanctuary of comfort and convenience," Yunusa stated. "Gone are the days of sacrificing relaxation for travel formalities. Our lounge offers a luxurious space where travelers can unwind and rejuvenate before their flights, free from the typical travel stress."

In addition to offering a tranquil environment for relaxation, Altclub provides a range of amenities to cater to travelers' needs, including refreshments, high-speed Wi-Fi, and charging stations for electronic devices. Yunusa added that Concierge services are also available to assist with travel arrangements, ensuring guests have everything they need for a comfortable journey.

Joining Yunusa in addressing the guests, Korede Demola-Adeniyi, Executive Director of Sales at The Alternative Bank, elaborated on the lounge's accessibility. "

Altclub is exclusively available to The Alternative Bank customers, showcasing our commitment to their comfort and convenience. Present your boarding pass and proof of Altbank membership at the entrance, and our dedicated staff will ensure a seamless and enjoyable pre-flight experience."

Korede emphasised the unique opportunity for travelers to plan their next trip directly from the lounge. "Through Alttravel, our digital travel financing product, customers can explore various destinations and book flights with flexible financing options. Altclub provides a convenient platform for travelers to access financing and make their travel aspirations a reality, reinforcing our dedication to enhancing the travel experience for our valued customers."

Altclub is committed to offering an inclusive and welcoming environment for all travelers, whether on business or a leisure getaway.

The grand opening of Altclub on May 22, 2024, was attended by prominent figures from the travel industry and local dignitaries, highlighting the importance of this milestone in enhancing the travel experience for passengers at MMA2 Airport.

About The Alternative Bank:
The Alternative Bank commenced its journey in January 2014 with a vision to create a dynamic banking experience that respects individuality and speaks the language of its customers. In July 2023, the Central Bank of Nigeria issued a Banking License to The Alternative Bank, enabling it to operate as a fully-fledged, standalone bank. Guided by its Advisory Committee of Experts (ACE), The Alternative Bank ensures all its operations align with the ethics of Non-Interest Banking.

Business › PCRC Decorates Aare Adetola Emmanuelking And Wife Yeye Aderonke by PENTALK360(op): 9:01am On May 23, 2024
PCRC Decorates Aare Adetola Emmanuelking and Wife Yeye Aderonke as Golden Grand National Patron/Matron, Marks 40th Anniversary
 

The Police Community Relations Committee (PCRC) has decorated Aare Adetola Emmanuelking, Chairman/CEO of Adron Homes, and his wife, Yeye Aderonke Emmanuelking, as the Golden Grand National Patron and Grand National Matron for women and youth committees of PCRC in Nigeria and diaspora. This prestigious honor was bestowed upon them during the PCRC's 40th anniversary celebration, held in Lagos.

The ceremony, which took place in Lagos, was attended by National PCRC chairman, Alhaji Mogaji Ibrahim-Olaniyan and other members of the committee, dignitaries, community leaders, and members of the Nigerian Police Force. The PCRC's decision to honor the Emmanuelkings highlights their unwavering commitment to community development and their substantial support for initiatives aimed at enhancing public safety and fostering cooperation between law enforcement and the communities they serve.
 
In his acceptance speech, Aare Adetola Emmanuelking expressed his profound gratitude for the recognition, stating, "This honor is not just for me and my wife but for every Nigerian who believes in the power of community and the importance of working together with our police force to create a safer and more harmonious society."
 
In her reaction to the honor, Yeye Aderonke Emmanuelking emphasized the role of women and families in fostering community spirit and resilience. She noted, "Our communities thrive when we all play our part. As National Grand Patrons, we are committed to promoting initiatives that bring the police and the people closer together, ensuring mutual trust and cooperation."
 
It will be recalled that the PCRC, established in 1984, by the then IGP, Etim Inyang has played a crucial role in bridging the gap between the Nigerian Police Force and local communities. Over the past four decades, the committee has launched numerous programs aimed at improving communication, trust, and mutual respect. This 40th-anniversary celebration not only commemorated the PCRC's achievements but also set the stage for future endeavors to strengthen community policing.
 
The National PCRC chairman, Alhaji Mogaji Ibrahim-Olaniyan, praised the Emmanuelkings for their exceptional support and dedication. He remarked, "The Emmanuelkings have shown exemplary commitment to the ideals of the PCRC. Their leadership and philanthropic efforts have significantly contributed to the enhancement of community policing in Nigeria. Their new roles as National Grand Patrons will undoubtedly inspire further progress in our collective efforts to maintain peace and security."
 
The chairman further stated that the decoration of Aare Adetola Emmanuelking and Yeye Aderonke Emmanuelking as National Grand Patrons stands as a testament to the power of community partnership and the enduring impact of dedicated civic leadership.

Business › Fidelity Bank Distributes Food Packs To Families In Keffi by PENTALK360(op): 5:13pm On May 20, 2024
Fidelity Bank Distributes Food Packs to Families in Keffi

Leading financial institution -Fidelity Bank PLC -has distributed food packs to women, widows, children, and the vulnerable in Keffi, Nasarawa State as part of its Corporate Social Responsibility (CSR) activities.

Addressing newsmen in Keffi, Nasarawa state during the distribution event tagged, “Fidelity Food Bank Initiative”, which was carried out in partnership with ABBASID Charity Foundation, the Divisional Head, Brand and Communication Plc, Fidelity Bank, Meksley Nwagboh, emphasised the bank’s commitment to supporting communities all across Nigeria through its Food bank initiative.

“Since April 2023 when we launched the Fidelity Food Bank initiative, we have distributed over 100,000 food packs in more than 100 communities nationwide. This is borne out of the premium we place on the wellbeing of our host communities as well as our commitment to support the achievement of the United Nations Sustainable Development Goals 1, 2 and 3 which speak to Poverty eradication, Zero Hunger and Good Health and Well-Being respectively.”

On her part, the Founder of Abbasid Foundation, Hajia Hauwa Abbas, said the food bank drive started when she was chosen as the bank's Food Bank partner in the North and listed some of the benefitting states to include Jigawa, Zamfara, Zaria, Kebbi Bauchi, Kano and the Federal Capital Territory (FCT).

''I am very pleased with Fidelity Bank because as much as they are doing business with us in our community, they are also giving back to us, especially women”.

The food distribution event also saw Sen. Wadada Ahmed, representing Nasarawa West Senatorial District, leverage the Fidelity Food Bank outreach to provide additional food items to residents of the community.

Senator Ahmed, who was represented by his wife, Zainab Wadada-Ahmed, said the move was in continuation of his philanthropic gesture to his constituents especially for orphans and widows.

''We are here today to give back to our people and considering the hardship in the country, this is the little that we can do. I appeal to well-meaning Nigerians to try and collaborate to see how we can help the people that do not have'', she said.

Appreciating the gesture from the bank and her partners, one of the recipients, Mrs. Susan Nyikwagh, urged other well-meaning persons and organisations to take a cue from the bank and come to the aid of the vulnerable ones in the society.

Ranked as one of the best banks in Nigeria, Fidelity Bank is a full-fledged customer commercial bank with over 8.5 million customers serviced across its 251 business offices in Nigeria and the United Kingdom as well as on digital banking channels.

The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.

Business › Mike Adeyemi Leads The Charge, Boosts Home Ownership With Urbanmax, Aje by PENTALK360(op): 7:13am On May 17, 2024
Mike Adeyemi Leads the Charge, Boosts Home Ownership with Urbanmax, Aje: The Wealthy Residence

Dr Mike Adeyemi, founder and CEO of RealtorMax Limited, a leading customer centric real estate company, is the driving force behind the fast growing company which is achieving massive success within a short period of operations in the industry.

In just a few years, the innovative and ambitious firm has made a mark. With significant impact, RealtorMax, owners of Urbanmax Estate, Owode Obafemi, Ogun State and Aje: The Wealthy Residence, in Ibeju Lekki area of Lagos stood out to emerge as one of the fastest-growing real estate companies in the country.

The company noted that it aimed to boost the Nigerian economy through robust development of modern, eco-friendly towns, with a full array of amenities including healthcare, electricity, security, connectivity, banks, sports and recreation, in serene environments that are easily accessible to the metropolis.

Speaking about the driving force of the firm since it began operations, the CEO, Mike Adeyemi, said "with a strong commitment to integrity, making life more comfortable and delivering on promises, RealtorMax Limited has gained a reputation for exceptional services and prompt allocation of property and is poised to helping individuals and families achieve their dream homes, whether affordable or luxurious."

He added: "One of the notable projects currently being undertaken is the almost 500-acre Urbanmax Estate, located in the Owode Obafemi area of Ogun State, near the Shagamu Express Interchange, which sells for N1.3million per plot (500 SQM). The eco-friendly estate offers a range of residential and commercial options with modern amenities, providing residents with a comfortable and convenient lifestyle. Our perimeter fencing construction is coming up according to schedule and we will provide all amenities pledged to customers.

"In addition, RealtorMax Limited is also developing Aje: The Wealthy Residence, in the vibrant Ibeju Lekki area. This luxurious residential development showcases our commitment to delivering high-quality and prestigious homes for discerning buyers at N32millon per plot (500 SQM). So, we offer dream homes to all our customers whether their choice is luxury or affordability. Both estates offer opportunities to enjoy eco-friendly homes with close proximity to Lagos metropolis.

"Strategically, RealtorMax is determined to change the face of real estate in Nigeria in real terms. We are already known for integrity, keeping our words to our clients promptly. When we promise to develop new towns, we do. Already, we have set up necessary systems and are deploying to sites experts that will drive the provision of all essential amenities including electricity, healthcare, security, Internet, bank, and resorts. By developing new cities and communities, we are focused on providing citizens with well-planned and sustainable living spaces that cater to their needs, as part of plans to boost the overall economy.

Speaking further about the company, Adeyemi emphasised shelter as a key component for good life. He stated, "We believe that everyone deserves a place they can call home, and our goal is to make that dream a reality. We are committed to providing convenient home ownership options and developing sustainable communities that enhance the lives of our residents.

"As a fast growing real estate company, RealtorMax is poised as a driving force in the real estate industry to transform the way people perceive and experience home ownership in Nigeria. With a focus on integrity, transparency, and customer satisfaction, we are excited to lead the way in creating innovative and modern living spaces that meet the evolving needs of individuals and families."

About RealtorMax Limited
RealtorMax Limited is a renowned real estate company based in Lagos, Nigeria. With a commitment to integrity and customer satisfaction, the company offers a wide range of residential and commercial properties, giving customers opportunities for both luxury and affordable homes. It is focused on developing sustainable communities and providing convenient home ownership options for individuals and families
Business › Aigboje Aig-imoukhuede Appointed President Of France Nigeria Business Council by PENTALK360(op): 8:07am On May 15, 2024
Aigboje Aig-Imoukhuede Appointed President Of France Nigeria Business Council


Lagos, Nigeria – May 14, 2024: At the esteemed Choose France Summit 2024, held on Monday, May 13, 2024, Aigboje Aig-Imoukhuede, the Chairman of Access Holdings PLC, was formally appointed as the President of the France Nigeria Business Council (FNBC) by the President of the French Republic, President Emmanuel Macron.

 

The France Nigeria Business Council (FNBC) stands as a pivotal coalition of Nigerian private sector business leaders, committed to enhancing bilateral relations between Nigeria and France. Its core objectives revolve around the facilitation of trade, investments, infrastructural development, job creation, and cultural integration between the two nations. Since its establishment in June 2021 under the auspices of President Emmanuel Macron, the FNBC has diligently utilised its member network to champion investments across key business sectors, fostering cultural understanding and driving economic growth between Nigeria and France. Notably, it has catalysed Nigerian businesses' ventures into investment opportunities within France.

 

Comprising 13 distinguished members, the Council boasts prominent figures including Aigboje Aig-Imoukhuede (President), Abdul Samad Rabiu, Gilbert Chagoury, Mike Adenuga, Aliko Dangote, Jim Ovia, Tony Elumelu, and John Coumantaros. Additionally, Kola Karim, Leo Stan Ekeh, Daisy Danjuma, Gbenga Agboola, and Jean Haas serve as integral members, with Jean Haas holding the position of Secretary.

 

Aig-Imoukhuede's appointment follows the passing of Herbert Wigwe, the Council's former President, in February 2024.

 

The Choose France Summit is an annual gathering that convenes business magnates, investors, and governmental dignitaries to explore investment prospects within France. The highlight of the Summit was the Presidential Dinner, characterised by high-level engagements and mutual commitments between participating parties.

Business › Adron Homes Celebrates At West Park & Gardens Estate by PENTALK360(op): 12:33pm On May 14, 2024
Adron Homes Celebrates at West Park & Gardens Estate, Ibadan, Unveiling New Executive Committee


In a momentous gesture of gratitude and recognition, the Adron Homes Management Team orchestrated a surprise celebration at the esteemed West Park & Gardens Estate, Paradise City, Ayegun Adron City, Ibadan, Oyo State, Nigeria, on the 12th of May 2024. This grand event, meticulously organized by the Directorate of Estate at Adron Homes, aimed to honor and appreciate the valued residents and homeowners of this prestigious estate.

Under the distinguished chairmanship of Aare Adetola EmmanuelKing, the Chairman/CEO of Adron Homes, the event unfolded with an air of elegance and prestige. Accompanied by many top senior directors including :
Mrs. Ajobo Adenike - Deputy MD, Southern Nigeria;Ms. Shola Orunmuyiwa - Group Director Legal Bureau ;Engr. Stephen Ogunbiyi - Technical Director;Engr Sola Okanlawon - CPC Southern Nigeria;Arch. Bolaji Mustapha - PD Upland World;Mr. Christopher Adeogun-Director Internal Control & Compliance;Engr Kole - Chief Director Power & Energy ;TP Rotimi Dipeolu -Director of Physical Planning and Development ;Ms. Omotola Alonge - Director of Construction & Building Materials,Mr. Michael Oyadele -Director of Public Affairs; Engr Festus Fatunbi-Deputy Project Director Upland World;Mr. Kunle Aliyu -Director of Estate Western World and other esteemed Partners and consultants ,the occasion was a true testament to the community's significance and vitality.

A highlight of the celebration was the official inauguration of the New Executive Committee of the West Park & Gardens Estate Residents Association (WEPAGERA) by the esteemed Chairman/CEO, Aare Adetola EmmanuelKing himself. With Mr. Idris Adejumo leading as Chairman and a stellar team of executives by his side,which include :

-Elder Abayomi Olatunji - Vice Chairman;
-Mr. Akintunde Akinpelu - General Secretary;
-Mrs. Aderonke Adelakun - Assistant General Secretary;
-Mr. Musbau Yekini - Financial Secretary/Treasurer;
-Mr. Babatunde Adesesan - Assistant Treasurer;
-Mr. Sakiru Opeyemi Aliu - Publicity Secretary;
-Mr. David Akinbi - Assistant Publicity Secretary;
-Dr. Sola Popoola - Ex-Officio/Adviser;
-Dr. Ademola Adebayo - Ex-Officio/Adviser;
-Grandma Esther Adeyemi - Ex-Officio/Adviser;
-Alhaji Ismail Adeyemi - Security Coordinator;
-Mrs. Gbemisola Adelakun - Projects/Maintenance Coordinator;
-Rev'd Olufemi Tokede - Zone 1 Coordinator;
-Mr. Oyewumi Adelakun - Zone 2 Coordinator;
-Mrs. Elizabeth Olade - Zone 3 Coordinator
the committee embodies a vision of unity, progress, and excellence, promising to steer the community towards greater heights.

Residents, professionals, and top senior officials from Adron Homes alike were swept up in the joyous atmosphere of the event. Questions were entertained by the Adron Team, fostering an environment of open dialogue and camaraderie. Residents were encouraged to embrace a culture of inclusivity and neighborly love, transforming West Park And Gardens Estates into a beacon of hospitality and warmth, attracting potential landlords seeking solace in its tranquil surroundings.

The Adron Homes Management Team pledged their unwavering support to the newly inaugurated WEPAGERA committee, vowing to work hand in hand to make West Park & Gardens Estate the epitome of excellence in the entire southwest region. The residents, in turn, expressed their heartfelt appreciation for this initiative, applauding the management of Adron Homes for their commitment to their well-being and happiness.

As the celebration drew to a close, filled with laughter, music, and entertainment, it symbolized not just a moment of revelry, but a reaffirmation of the strong bonds that unite West Park & Gardens Estate. In this enclave of luxury and harmony, residents and management alike come together to create a thriving and prosperous community, setting a shining example for others to follow.

Adron Homes
Building Cities ,Communities And Homes

Business › FCMB Branch Manager Sentenced To 121 Years For Embezzling Customer Funds by PENTALK360(op): 4:28pm On May 04, 2024
FCMB Branch Manager Sentenced to 121 Years for Embezzling Customer Funds

An unexpected development has led to a former manager at First City Monument Bank (FCMB) in Onitsha, Anambra State, being sentenced to 121 years in prison for misappropriating over 112 million Naira from a customer’s fixed deposit account for personal purposes.

Justice S. Odili, presiding over the case at the Anambra State High Court, found the manager guilty of embezzlement, resulting in this lengthy prison sentence.

The convicted manager’s breach of trust and misuse of customers’ funds have been deemed inexcusable, leading to severe consequences.

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