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FBNBANK UK STANDS TALL AT 40, APPRECIATES ITS CUSTOMERS AND REGULATORS

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FBNBank UK, a member of First Bank of Nigeria Limited and Subsidiaries had London, the United Kingdom painted blue as it celebrated its 40th anniversary, themed Partnership Beyond Borders, on Friday, 11 November 2022.

The event which had customers, members of government functionaries and the diplomatic community, regulators, captains of industries in attendance, was convened to appreciate the patronage and support the Bank had received since it opened its doors in the United Kingdom 40 years ago. As key stakeholders, they were instrumental to establishing the Bank as an important gateway to connect international markets in Africa, Europe and the rest of the world to the finest financial services solutions that the UK has to offer.

Guests at the event include Hon. Justice Olukayode Ariwoola GCON, Chief Justice of Nigeria; Oba Sen. Dr. Moshood Olalekan Ishola Balogun, Alliiwo II, Olubadan of Ibadan land; Ambassador Sarafa Tunji Isola, High Commissioner, Nigerian High Commission, UK; His Highness, Muhammadu Sanusi II, former Governor, Central Bank of Nigeria.

Other dignitaries that graced the occasion include Alhaji Umaru Abdul Mutallab, Nigerian businessman and former Chairman of FirstBank; Mohammed Indimi OFR, Chairman, Oriental Energy Resources.

Delivering his welcome address to the dignitaries and guests present, Sam Aiyere, Chief Executive Officer, FBN Bank UK Ltd said “since its establishment, our Bank has demonstrated an unmatched dexterity, serving as a gateway connecting international markets in Africa, Europe and the rest of the world to the finest financial services solution that the UK has to offer. Through its office in the UK and the Paris Branch, our Bank has continued to facilitate international trade between Africa and Europe while offering top-notch, world-class corporate, institutional, and private banking solutions to our esteemed customers.

We have recorded laudable achievement only because you stand solidly with us. Therefore, I dedicate the success of the past 40 years to all our stakeholders. Thank you for being the lever beneath our thrust”, he also added.

Appreciating the patronage and support extended to FBNBank UK, Dr. Adesola Adeduntan, CEO, FirstBank said “today we celebrate 40 years of unbroken business operations in the United Kingdom; 40 years of supporting and enabling dreams; 40 years of resilience and relevance; 40 years of trust, safety and security; 40 years of long-term value to all stakeholders; and 40 years of partnerships beyond borders. I believe the future is bright for FBN Bank UK. With our beautiful outing tonight, our Group stands out, once again, as one big and happy family of many parts.

In his speech, Godwin Emefiele, Governor, Central Bank of Nigeria highlighted that “FBNBank UK’s established presence in a leading global financial centre such as London ensures that FirstBank Group is well positioned to play an active role in the promotion of Africa as an investment destination, attract much needed capital to the continent and facilitate trade with other parts of the world. The presence of FirstBank in other countries outside Nigeria shows that the span of its impact is continent-wide. As you are headquartered in the largest economy on the continent, you have a unique role in also facilitating capital flows into other African countries and assisting their economic growth and development.

In addition, in his goodwill message, President Muhammedu Buhari, GCFR, President and Commander-in-chief, Federal Republic of Nigeria said “FirstBank has profoundly demonstrated a high level of nationalism by keeping the Nigerian dream at the heart of its business through constant evolution to birth agile financial services solution to suit the demands of its customers both home and abroad. Also, perhaps more than any other institution in its class, FirstBank has supported the Government by providing human resources at various times to booster much required professional expertise in various sectors of our economy.”

Established in the United Kingdom in 1982 as the London Branch of the First Bank of Nigeria Limited., FBNBank UK was initially established to service the UK banking requirements of Nigerian companies and FirstBank.

Later in November 2002, the Bank was incorporated in the UK as a registered and a wholly-owned subsidiary of First Bank of Nigeria Limited with offices in the City of London and has then developed into a much broader business in the gateway to Europe and beyond for African banks, companies and high net worth individuals.

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BUSINESS

A’IBOM GOVT SET TO PARTNER CHINA FOR ENTREPRENEURSHIP DEVELOPMENT, AGRICULTURE, TOURISM, OTHERS

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There is hope in the horizon for entrepreneurs and other members of the business community in Akwa Ibom State, as Governor Umo Eno has opened discussions with the Peoples Republic of China towards securing trade privileges for people of the State.
This cheering news was the outcome of interactions between the State Governor, Pastor Umo Eno and the Chinese Ambassador to Nigeria, Cui Jianchun in Abuja, the Federal Capital Territory,
Governor Eno, while briefing Government House correspondents at the Victor Attah International Airport, Uyo, upon his return to the State, said discussions with Chinese Ambassador was strategic for the accomplishment of the goals of the ARISE Agenda and a step in the right direction for Akwa Ibom people.
He explained that it was important to initiate such interactions in view of State Government’s intentions to collaborate with China in areas, including agricultural machineries, industry and tourism, as well as a trade trip of an Akwa Ibom delegation of young entrepreneurs to China to explore business opportunities.
These, he affirmed, were in keeping with his campaign promises to propel Akwa Ibom youths to the horizon of entrepreneurship, by exposing them to the global business environment while also bringing the world to them.
In his words, “During the campaigns we said we were going to support our young people who are in business and make them go international through certain products. This is the beginning of that discussion so that we can begin to have a trade delegation.
“We are also meeting them on agricultural machineries, industrial park and tourism. There are a whole lot of things we believe that we can collaborate with the Chinese, and it is important that we start talking to them. But particularly, we believe that at the end of it, we should be able to lead a delegation to China of some of our young entrepreneurs who will want to do business in China,” he said.
Governor Eno, while reassuring everyone that his administration will take Akwa Ibom people to a desired destination, however, sued for patience and support of the people.
“As a businessman, I target and strategize. And I take one step at a time. Like I told Akwa Ibomites, we are taking one step at a time. We will not be able to do everything in one day. But I know that we will get there eventually”, Governor Eno stated.
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BUSINESS

LAGOS SEALS PARTNERSHIP WITH NIGER FOR AGRIC COMMODITIES SUPPLIES

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Lagos State Government, on Wednesday, brokered a strategic partnership with Niger State — a sub national entity with the largest agricultural farmland in the country — towards enhancing food production and security.

Governors of the two States signed a Memorandum of Understanding (MoU) in Lagos for a cooperation geared towards exploring their comparative advantages in order to facilitate constant supply of agricultural commodities for the end consumers.

The agreement tagged “Produce for Lagos Initiative” is part of the efforts of the two parties to key into the Emergency Food Security Initiative declared by President Bola Ahmed Tinubu to cultivate thousands of hectares of land to sustain food production and supply chain.

This arrangement is a long term strategic partnership between the two States in building competencies around their areas of strength. While Lagos is positioned as a ready organised food market for consumers, Niger has its core strength in arable land for agriculture and food production.

The signing of the agreement will be followed by massive supply of fresh farm produce to the Lagos Food Logistics hubs for storage and distribution.

Gov. Babajide Sanwo-Olu and his Niger State counterpart, Mallam Umar Mohammed Bago, signed the contract on behalf of the parties.

Sanwo-Olu said: “We have just put the pen to paper and signed the Government-to-Government agreement between Lagos and Niger states for agricultural production. Lagos, being the smallest State in terms of landmass, and Niger, being the largest State, is no coincidence that the biggest and the smallest are looking for at opportunities to citizens of our both states to be the beneficiaries of this historic partnership.”

l-r: Lagos State Attorney General & Commissioner for Justice, Mr. Lawal Pedro, SAN; Governor of Lagos State, Mr. Babajide Sanwo-Olu and his Niger State counterpart, Governor Mohammed Bago during the signing of MoU on Agriculture, at the Lagos House, Marina, on Wednesday, 06 March 2024. Behind are: Commissioners, Hon. Olanrewaju Layode (Home Affairs); Mr. Ope George (Economic Planning & Budget) and Ms. Abisola Olusanya (Agriculture).

Gov. Bago described the partnership as “a landmark” for both parties, noting that the North Central state was willing to leverage organised market in Lagos to boost economic activities in his State.

He said: “This is a landmark agreement that has been made today. Lagos is the largest consumer of agricultural resources in the country based on its population, while Niger State has the largest agricultural land. So, this Memorandum of Understanding came on the heels of exploring the strength of each state to promote food security and safety.

“Niger State is to produce agricultural commodities for Lagos State, and also process staple food items. Lagos State is to leverage the organised market and supply chain to meet consumers’ demands. This is basically the simple explanation of the Memorandum of Understanding, which is in tandem with Mr. President’s food security agenda.”

Lagos Commissioner for Agriculture, Ms. Abisola Olusanya, noted that the arrangement would help in price stability, as the MoU accommodated pre-production contracts in the value chain to enable farmers cut costs and improve output.

She said the first phase of the Food Security Systems and Central Logistics Park being built in Ketu-Ereyun, Epe would be commissioned in December to warehouse the large supplies from Niger State. In the meantime, she said the existing middle level hubs would be used as distribution points for the supplied commodities.

“This is a marriage made in heaven for our two States. This is a function of production meeting markets. Once there is an off-take market, it would catalyse the production end of the market. Then, this will lead to price stability and food availability.

“Farmers’ profit will also be guaranteed, just as consumers will be happy for timely supplies. We will also have middle men who will have regular sources of income by acting as a bridge between both ends of the market.”

Some of the agricultural commodities to be produced and shipped to Lagos markets include staple foods, rice paddies, tubers, beans, legumes, maize and grains.

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BUSINESS

Adron Homes Rewards Continental Business Challenge Winners To an All-Expense-Paid Holiday, Promises More Staff Welfare

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To strengthen commitment by rewarding exceptional staff and also creating a more competitive working atmosphere, the management of Adron Homes and Properties has sponsored 10 staff to a fully paid trip to Zanzibar, Tanzania for winners of the 2023 Continental Business Challenge.
These set of staff were exceptional in their plans towards the growth of the company during warfare that took place at the company’s office in Simawa, Ogun state where they were carefully selected by a panel of judges based on their individual and team performance for their lofty ideas, beautiful and well-detailed pitch and disruptive innovative ideas. Over the years Adron Homes has given back to its staff by ensuring more exposure and also allowing seeing the world through all-expense-paid trips to countries across the world.
While the 10 winners of the Challenge were departing for the Muritala Muhammad International Airport earlier today to catch their flight to Tanzania, the Group Managing Director; Aare Adetola EmmanuelKing hosted them in his office where he admonished them to be good ambassadors of the company as they embarked on the journey. He also enjoined them to seize the opportunity to come up with more disruptive ideas that will add to the growth of the property firm, while he also thanked them for their immense contribution to the growth of the company last year.
“I want to congratulate you all for being selected. You all did a good job as it does not come easy. Many were called to partake in the warfare but few were chosen as winners; it shows your commitment and flare for the job.”
“I want you all to stay committed and also use the opportunity to see the world in a different dimension. Travelling is a form of exposure and education; while you are enjoying it, also try to educate yourselves. The country you are visiting makes a huge amount of money from tourism and real estate.
You can come up with disruptive ideas that Adron Homes can replicate in Nigeria which will also be a game changer for the company. I believe you all and I wish you a very stress-free holiday. On our part as a company, we will continue to give you a wing to soar higher.” He further added.
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