Dubbed as the most affluent neighbourhood in Africa, Banana Island houses the 1% of the 1% ultra-wealthy in Nigeria, making it the richest square metre in Africa.
A 1000sqm land in Banana Island costs between N600 to 750 million, the same size of land cost N200 million less immediately you step out of Banana Island gate, and in other parts of Ikoyi, the same land size cost N300 million.
Banana Island is home to the wealthy few such as the Adenugas, MDs of Multinationals, Executive Directors, Billionaires and Music Entrepreneur – Davido, to mention a few.
Aside from the fact that lands are limited in Banana Island, leading to an increase in the value of the space, Banana Island has been described by Forbes Africa as the 2nd safest place in Nigeria, second only to Aso Rock. This luxury location is perfect for those who value security and those who are thinking of ROI as the value of properties in Banana Island keep rising.
All apartments in Ikoyi are not equal!
Though the most expensive 3 Bedroom apartment in Ikoyi and Eko Atlantic have the basic standard features such as gymnasium, swimming pool and lift and others, but we have not only done a market research but have also conducted a customer satisfaction survey to determine what Nigerians truly want and with the Leonardo project we are giving our clients a rare opportunity to enjoy exceptional features such as Private IMAX Cinema for the Residents, Indoor Virtual Golf where you can play on over 2500 golf courses in the world, Creche for the residents – first of its kind, Award Winning Zaha Hadid Bathroom, no hotel in the world has the quality of our bathrooms; designer Kitchen by Kohler, Interactive Lobby with waiting area, Full Home Automation where you can control your door, curtain, music, light and TV from the touch of a button, Indoor salon, Club House, Mini-Mart, Tennis Court, State of the art Techno gym, Infinity Swimming Pool, Squash, Badminton, all of this features at N60million deposit!
We have studied the best apartments in Nigeria. The most expensive 4 bedroom apartments today in Nigeria are in Bourdillon and Eko Atlantic and their prices ranges from $935,000 to $3.5millon which is about N420million to N1.5 Billion, while a 4 Bedroom at the LeonardoBySujimoto is selling for N300million.
At Sujimoto, we have studied their features and facilities, and what we are building is better than the combination of the two projects, at a steal! For the first time you can own a Sujimoto home (LeonardoBySujimoto) in Africa’s most expensive neighbourhood with as little as N60million (30% deposit) without having to break the bank.
No doubt, the Leonardo project is very cost-effective for now but note that the 3 Bedroom you are buying for N250million naira today will sell for 450million by the time we launch in November.
Now is the best time to buy! Call Dami on 0809 852 1646, 0818 325 5555 or send an email to firstname.lastname@example.org to get started.
Ecobank Partners Vanguard Economic Forum Series, Convenes MSME Finance Summit
Ecobank Nigeria and Vanguard Economic Forum Series have announced that they are convening an MSME virtual summit to promote and encourage lending support for micro, small and medium enterprises (MSMEs) in the face of changing operating environment in the country.
The virtual summit with the theme: Unlocking Credit Growth in a Changing MSME Lending Landscape, will be broadcast and streamed live via zoom platform scheduled for May 21st by 11am.
The conference in strategic partnership with Nigerian Association of Small & Medium Enterprises (NASME) and Small & Medium Enterprises Development Agency of Nigeria (SMEDAN) will convene keynote speakers and panelist from regulatory agencies of government, policy decision makers, non-governmental organisations (NGOs), business and industry thought leaders. The speakers and panelists carefully drawn from the banking, trade associations and other key sectors of the economy are subject matter experts in MSMEs and lending.
Confirmed speakers include Mr Olukayode Pitan, Managing Director/Chief Executive, Bank of Industry (BoI); Dr. Dikko Rada, Director General, Small and Medium Enterprise Development Agency (SMEDAN); Adenike Adeyemi, Executive Director, Fate Foundation; Eke Ubiji, Executive Secretary, Nigerian Association of Small & Medium Enterprises (NASME) and a representative of Central Bank of Nigeria (CBN), amongst others. The Guest Of Honour will be the Special Adviser to the President on Ease of Doing Business, Jumoke Oduwole, while Patrick Akinwuntan, Managing Director of Ecobank Nigeria will be the Chief Host.
Announcing the conference in Lagos, Emeka Agada, Country Head, SME Ecobank Nigeria Limited said the Summit as a thought leadership content platform would deeply dialogue on the critical role of MSMEs as the economic engine room of any prosperous nation and the need to support the sub sector with capital, including examination of key issues and ways of achieving the objective through digital financial inclusion for the MSMEs. He disclosed that there will be audience engagement of members of various trade groups such as NASME (Nigerian Association of Small & Medium Enterprises) and SMEDAN (Small and Medium Enterprise Development Agency ) with a view to detailing various lending options. He further reiterated that the ‘Ecobank Digital Series’ is in line with the Bank’s vision to consolidate a modern pan-African market, contribute to the economic development and financial integration of the continent.
Also speaking, Jude Ndu, Director, Vanguard Conferences and The Economic Forum Series says: “As a follow up to the hugely successful Ecobank Digital Financial Inclusion virtual summit, we are indeed pleased and delighted with the ongoing high-level strategic partnership with Ecobank Nigeria in the area of concept development, synthesis, design and execution of high profile thematic bespoke events. The upcoming conference speaks to the strong sense of confidence the bank has in us to help curate thought leadership content and context for the brand in line with its marketing objectives.
He noted that the MSME conference would help Ecobank communicate and connect with Nigeria’s largely MSMEs on its lending options and support, adding that the bank will also showcase its strength in the digital banking space such as its innovative digital payment channels like the OmniPlus, Omnilite and digital sales collections channels like Ecobankpay NQR amongst other financial service offerings to close the large financial Inclusion gap and a direct response to mitigating the economic challenge post-COVID-19.
The Ecobank Digital Series is a virtual programme organised by Ecobank to educate and enlighten the public on crucial issues of public interest, especially as it relates to their financial empowerment.
Listing on LCFE: Heritage Bank-Dukia Gold Set to Unlock N344trn Market Worth of Gold
Heritage Bank for being part of valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Limited is set to unlock the over N344 trillion market worth of gold investible instruments in the solid minerals sector with the concluded plans of being listed on the Lagos Commodities and Futures Exchange (LCFE).
This move that will entrench expand revenue in the non-oil sector through diversification, by stimulating growth in solid minerals in line with the objectives of Economic Recovery and Growth Plan (ERGP) will also put Nigeria on the global map with regards to standardized gold tracing, sourcing procurement and trading it.
In summary, this was disclosed at the LCFE-Dukia Gold media parley held yesterday at the LCFE Trading Floor in Lagos.
Speaking at the parley, the Chairman of Dukia Gold, Tunde Fagbemi who commended Heritage Bank as the project financier and for its other pertinent supports, said Heritage had so far been the banker’s bank for playing key role in backing to promote the first solid mineral listing on Exchange in West Africa.
Specifically, he explained that the instruments which would be in the form of Exchange Traded Notes (ETN), Commercial Papers (CP), and other gold-backed securities would enable the company to deepen the commodities market in Nigeria. He added that it would increase capacity, generate foreign exchange for the government to diversify external reserves and create massive employment across the metal production value chain.
“We are proud to be the first gold company whose products would be listed on the Lagos Futures and Commodities Exchange. The listing shall enable us facilitate our infrastructure development, expand capacity and create fungible products.
“This has potential to shore up Nigeria’s foreign reserve and create an alternative window for preservation of pension funds.
“As a global player, we comply with the practices and procedures of London Bullion Market Association and many other international bodies. “Our refinery will also have multiplier effects on the development of rural areas anywhere it is located. “There must be constant power supply, good road network and other social amenities, apart from employment opportunities for the rural dwellers,” Fagbemi explained.
He also noted that with its current 25 production capacity pound and further room for expansion, Dukia Gold has the ability to meet both local and international demand through its gold refinery services to smelt melts.
Commenting on the collaboration, the MD/CEO of Heritage Bank Plc, Ifie Sekibo said that the partnership was one of the many initiatives of the bank’s foundational objectives of wealth creation, preservation and transfer across generations.
He further disclosed that the bank offer the gold commodity market three focal contact point in partnership, knowledge and perspective sharing, which ensure that every transaction was auditable to protect investors.
Sekibo who was represented by the Divisional Head, Strategy and Business Solutions, of the Bank, Olusegun Akanji, said the bank had created a buying centre for verification of quality and quantity of gold and reference price to ensure price discovery in line with the global standard.
Speaking, the MD, LCFE, Akin Akeredolu-Ale, who also commended Heritage Bank for its critical role in aiding the fundraising and the financier institution for the Dukia Gold’s diversified financial instruments, affirmed that this would enhance the company credibility rating and put Nigeria on the global map.
He noted that the LCFE was ready to support all the stakeholders in the gold sector in the areas of market creation, price discovery, and dissemination of market information, among others.
Gbenga Awe, Divisional Head, Agribusiness, Natural Resources & Project Devt., of Heritage Bank noted that one of the benefits of this initiative was that the local miners could now trade their gold at the bank’s designated experience centers, as solid foundation had been created for market, price and asset discovery.
Akintola noted that the firm had the capability, technicalities and the necessary accreditation to operate in the gold value chain.
He stated that the listing on the Lagos Commodities would raise awareness of performance of Dukia Gold to the investing world and position it as foremost number one Precious Metals Refining Company in Nigeria.
Financial Literacy: Unity Bank Begins One Minute Genius 2.0
In its drive to boost financial literacy among students in primary and secondary schools across the nation, Nigerian lender, Unity Bank Plc has flagged off Season 2 of its pioneer educational gameplay, the One Minute Genius, OMG.
The OMG 2.0 game play, which kicked off in May 3, 2021, on the Unity Bank’s Website (www.omg.unitybankng.com) is an expanded version of the maiden edition to be played virtually.
Over 200 winners will emerge at the end of the 25-day contest. To win prizes in any of categories, participating students can play the virtual game from Monday to Friday between 8 AM – 6 PM.
The One Minute Genius (OMG) is an initiative that underscores Unity Bank’s commitment to the development of the next generation, as it seeks to connect with their aspirations and reinforce the importance of education as a vehicle to empower the Nigerian child. Children and students between the ages of 6 –17 years can participate in the game.
According to the Divisional Head, Retail/SME & E-business, Unity Bank Plc, Mr. Olufunwa Akinmade, the idea is to enable the participants improve their intelligence quotient and unleash the genius in them.
Mr Olufunwa further explained that the game will be played as a blend of quizzes containing spelling Bee and Arithmetic questions. “The children that answer the questions correctly within the one-minute stipulated timeframe will be rewarded with cash prizes”, he quips.
Throwing more light on the initiative, Mr. Olufunwa said, “the Bank has decided to continue investing in the game play because it is pleased with the impact which the previous editions of the contest had created being a vehicle for reinvigorating the values of education through gamification and fun”.
Still speaking, Mr, Olufunwa stated: “Unity Bank remains committed to playing a critical role in advancing learning for a better society by developing the minds of our children. And this virtual, participatory learning and reward contest has proved quite effective in achieving the goals of motivating the students towards subject mastery using a branch of reinforcement model”
He added: “On the heels of COVID-19 pandemic, which has impacted negatively on the education sector in Nigeria by disrupted learning, an activity such as the OMG provides a veritable opportunity to boost learning, even as all stakeholders continue to make deliberate efforts to cater to the needs of our future generation.
“We hope that parents and guardians will encourage their wards with every support needed to enable the students explore the opportunity that this provides.”
Recall that the 2o20 edition of the OMG attracted massive interests from across Nigeria, producing no fewer than 120 winners who coasted home with millions of naira in cash rewards.