Business
Ambode Hails Longrich for Siting Manufacturing Plant in Lagos
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Gov. Akinwunmi Ambode of Lagos State on Sunday said his administration had performed well.
NAN reports that the outgoing Lagos helmsman spoke at the pre-launch of a $50 million manufacturing plant in the Lekki Free Zone, belonging to Longrich, a Chinese firm.
He said that the facility was another success story of the efforts of the government in attracting investment and an eloquent confirmation of the strategic importance of the free trade zone to the state’s economy.
Ambode noted that no less than 25 companies had set up their manufacturing plants within the zone, saying that it was indeed gratifying that the efforts to drive investments were yielding positive results.
Ambode said that the most important thing to him was that whether in government or outside of government, factories were springing up in the zone, thereby creating job opportunities for the people and improving the economy of the state.
According to the Governor, one of the most fulfilling feelings in life was to see one’s efforts yielding positive results.
Ambode said: ”It gives me immense satisfaction to be here today to witness this pre-launch of Longrich Nigeria Manufacturing Plant to be located in the Lekki Free Zone in Lagos State, Nigeria.
”At the inception of this administration, one of our core focus areas was attracting investments to our state; to create employment opportunities for our people and wealth for our investors.
”Today’s event is one of those crowning moments that confirm that our efforts have been rewarded.”
He commended Longrich Group of Companies for the decision to site the $50million factory in Lagos of all the cities and countries in Africa, saying the state and the country stand to benefit immensely from the investment.
”I have been informed that this Lekki Longrich facility, upon completion, will not only be the hub for the distribution of the products to the African sub-region but will provide employment for at least 1,000 new workers in our state.
”It will boost the nation’s foreign exchange earnings from exportation of manufactured products to other African countries.
”If we go by the success story of Longrich in China and the company’s track record, there is no doubt that Longrich Nigeria will be modelled after the world class LONGLIQI Bio-Industrial Park in China which covers an area of more than 133 hectares and serves as location of LONGLIQI Bio-Science Co., Ltd,” Ambode said.
While describing the firm as a global brand with a range of top class quality products and unique business model, the governor lauded the fact that Longrich had created wealth for over 500,000 people.
These people, he added, were trading in more than 30 brands of the company, with the majority of the traders residing in the state.
Ambode assured the people that the state government would continue to play its role as business enablers, especially by providing the necessary infrastructure and services required to support all investors and businesses who decide to make Lagos their home.
”Our administration has embarked on massive and ambitious projects. We have introduced public sector reforms and policies aimed at making it easier to do business in our state.
”Our governmental institutions like the Ministry of Commerce, Industry and Cooperatives, Office of Public Private Partnership and Office of Overseas Affairs and Investment are more than ever before, in the fore front of providing an enabling business environment for local and foreign investments to thrive.
These are just a few indicators to assure you of our commitment to securing not just Longrich’s investment in the South-West quadrant of Lekki Free Zone but to secure and attract more investments to our state,” he said.
Daily Post
Business
Polaris Bank Champions Drug-Free Nigeria, Supports NOMA’s Media Capacity Building Workshop
Polaris Bank has reaffirmed its commitment to youth development, education, financial literacy, and social responsibility by supporting a Media Practitioners’ Capacity Building Programme held on Thursday.
The event pioneered by the Nigerian Online Media Alliance (NOMA), a coalition of digital media publishers and journalists, was to commemorate the 2026 International Day Against Drug Abuse and Illicit Trafficking.
As part of its contribution to the successful hosting of the programme, the bank donated a variety of branded gift items, including cable chargers, water bottles, umbrellas, piggy banks, and mathematical sets.
The branded water bottles, umbrellas, and cable chargers were distributed to journalists and participants at the event, providing useful tools for everyday use. The piggy banks were designed to encourage savings culture and financial discipline among young people, while the mathematical sets were presented to participating students to support learning and academic excellence.
The programme themed: “Responsible Media, Drug-Free Nigeria: The Journalist’s Role in Prevention and Advocacy,” was organized by NOMA in collaboration with the International Society of Substance Use Prevention and Treatment Professionals (ISSUP Nigeria), the National Drug Law Enforcement Agency (NDLEA), and the Federal Neuro-Psychiatric Hospital, Yaba.
Speaking on the bank’s support, Chairperson of the Nigerian Online Media Alliance (NOMA), Theresa Moses, expressed profound appreciation to Polaris Bank for partnering with the association in advancing initiatives that positively impact education and society.
According to her, the bank’s gesture underscored its dedication to community development, youth empowerment, and national progress.
“We are sincerely grateful to Polaris Bank for supporting this important programme with branded gift items. Beyond their practical value, these items represent the bank’s commitment to education, financial literacy, youth development, and social impact. Their support contributed significantly to the success of this event,” she said.
The event attracted journalists, media executives, public health professionals, policymakers, anti-drug advocates, students, and representatives of government agencies who gathered to discuss strategies for strengthening media advocacy against substance abuse and illicit drug trafficking.
Through expert presentations and panel discussions, participants explored the critical role of responsible journalism in promoting prevention, raising public awareness, reducing stigma, and supporting efforts to build healthier and safer communities.
Polaris Bank’s support aligns with its longstanding commitment to corporate social responsibility initiatives focused on education, financial inclusion, youth development, and community empowerment.
By supporting the NOMA Media Practitioners’ Capacity Building Programme, Polaris Bank has once again demonstrated its belief that collective action, education, and awareness are critical to building a drug-free Nigeria and empowering citizens to make informed choices for a better future.
Stakeholders at the programme commended the bank for its continued investment in initiatives that promote positive social values and contribute to national development.
The organizers noted that partnerships between the private sector and civil society organizations remain essential in addressing societal challenges and creating opportunities for sustainable impact.
Business
Access Bank UK Polo Day 2026 Holds July 4 in Windsor
Access Bank has set Saturday, July 4, 2026 to host its annual UK Polo Day in Windsor, an event when judged by past editions, promises to be one of the season’s most captivating social experiences.
The guest list is a true global roll call, bringing together investors, entrepreneurs, public sector leaders, and cultural influencers, from around the world. It is the kind of setting where a brief exchange over lunch can swiftly evolve into a strategic partnership by day’s end.
But beyond the prominence of those in attendance lies a deeper significance: the collective impact their presence is helping to drive, far beyond Windsor, and thousands of miles away in Northern Nigeria.
The Access Bank UK Polo Day has always carried a philanthropic dimension. This year, that dimension takes centrestage. Proceeds from the event will go directly towards the construction of additional classroom blocks in underserved communities across Northern Nigeria, a region where the gap between school-age children and available learning spaces remains one of the most stubborn obstacles to progress.
For many families in these communities, a classroom is not a given; it is a luxury. Access Bank has been changing that. The numbers tell a familiar and troubling story. Millions of children across Nigeria’s north remain out of school, some because of distance, some because of poverty, and many simply because there is no building to go to.
Bricks and mortar matter. A classroom block does not just give children somewhere to sit; it signals to a community that their children’s futures are worth investing in. It draws teachers. It gives girls a reason, and a safer route, to stay in education. It plants something durable in a place that often feels forgotten by the institutions that should be paying attention. This is the logic behind Access Bank’s commitment.
Access Bank has long recognised that financial inclusion and human development are not parallel pursuits, but one continuous journey. A resilient economy cannot be built on an undereducated workforce, nor can a generation be empowered without first equipping it with the tools to learn. In that sense, the classroom blocks being funded through this year’s Polo Day represent more of a deliberate investment in long-term economic growth than a humanitarian gesture.
What started as a polo fixture has grown into something harder to categorise: part networking forum, part celebration of what African enterprise looks like on a global stage. For Access Bank, the day has become one of the clearest expressions of what the institution is actually trying to do: make it easier for capital, talent, and ideas to move across borders, and to ensure that the benefits of that movement reach communities that rarely appear on an investor’s map.
This year’s event arrives at a moment when those connections feel more urgent than ever. Trade corridors are shifting. Development finance is being redirected. And the institutions best positioned to lead are those that already have trusted relationships and the credibility to match.
Access Bank has spent the better part of two decades building those relationships. The Polo Day is where they show up in person. Windsor lends the occasion its own particular atmosphere. A short drive from London but removed enough from the city to encourage the kind of unhurried conversation that rarely happens in a boardroom, it is a fitting setting for an event that has always been as much about relationship-building as it is about sport.
Jamie Simmonds, Managing Director of The Access Bank UK, was direct about what the day means: “Every year, we bring together an extraordinary community of leaders from across the world. People come to strengthen relationships, explore new possibilities, and contribute to something that matters. What matters most is the chance to make a real, lasting difference in the lives of young Nigerians who simply need a place to learn.”
For Nigerian observers, the symbolism is hard to miss. A bank founded on Nigerian soil is using one of England’s most prestigious social calendars to raise money for classrooms in Kaduna. That is not a small thing; it is a statement about where Access Bank believes its obligations lie, to shareholders and regulators as well as communities that made it possible in the first place.
The matches will be played. The conversations will happen. And somewhere in Northern Nigeria, a child will eventually walk into a classroom that did not exist before July 4, 2026.
Business
Wema Bank’s 5 for 5 Rewards: 273 Customers Receive ₦17.96m in One Month
One month after launching Season 5 of its flagship 5 for 5 Rewards campaign, Wema Bank has rewarded 273 customers with a total of ₦17.96 million, demonstrating the strong early impact of its refreshed customer rewards platform and reinforcing its commitment to rewarding everyday banking.
Launched on May 2, 2026, as part of the Bank’s 81st anniversary celebration, this season of the campaign introduced a more structured and inclusive rewards framework designed to encourage positive financial habits while recognising customer loyalty across the Youth, Women and Mass Market segments.
The season opened with a special anniversary activation at Ikeja City Mall, where 81 customers received ₦81,000 each, resulting in ₦6.56 million in rewards on launch day. Since then, the campaign has continued to reward customers through daily and monthly draws, with an additional 192 winners emerging within the first month.
Across the Youth segment, 37 students have received rewards worth ₦4.4 million, including 20 students who received ₦50,000 PocketMoni rewards and 17 university students who received ₦200,000 each in Tuition Support.
The Women segment also recorded strong participation, with 12 customers receiving ₦150,000 each through the #SelfCare category, while the Mass Market segment recorded the highest number of winners. Within the first month, 120 customers received daily cash rewards, and 23 customers won ₦200,000 each in the monthly draw, bringing total rewards in the category to ₦5.2 million.
Commenting on the campaign’s early impact, Wema Bank’s Managing Director and Chief Executive Officer, Moruf Oseni, said; “At Wema Bank, we believe loyalty should be rewarded in ways that are meaningful, transparent and accessible. The response to Season 5 of the 5 for 5 Rewards campaign has been encouraging, and seeing hundreds of customers benefit within just one month reinforces our belief that everyday banking should create everyday opportunities.
Beyond rewarding transactions, we are encouraging positive financial habits while delivering real value to our customers. He added; “This is only the beginning. With more reward categories, more winners and more opportunities still ahead, we remain committed to creating meaningful impact for our customers and ensuring more Nigerians experience the value of banking with Wema.”
Customers can participate by opening or reactivating a Wema Bank account, funding it with a minimum of ₦5,000, maintaining an average monthly balance of ₦5,000, and completing at least five transactions every month using the ALAT app, Wema or ALAT cards, or *945#.
With over ₦170 million earmarked for rewards between May and December 2026, thousands more customers are expected to benefit as the campaign continues, reaffirming Wema Bank’s commitment to rewarding loyalty, promoting positive financial behaviour and delivering value beyond banking.






