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Nestlé Nigeria Commissions Third Technical Training Center in Nigeria

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Anthonia Ehibor is one of the twenty trainees admitted into an 18-month Technical Training program at Nestlé Nigeria’s newest Technical Training Center (TTC) at the company’s Flowergate Factory in Ogun State.

Anthonia, an indigene of Edo State with an Ordinary National Diploma (OND) in Engineering from the Federal Polytechnic Auchi, aspires to develop her technical competence in order to secure a good job in her chosen field. “I need to earn an income to meet my needs and to support my family,” she said. Nestlé Technical Training Center, Flowergate is the third facility set up by Nestlé in the country, in line with her commitment to help young people build the capabilities and skills they need to contribute towards accelerating industrialization.

The first technical training centre was inaugurated in 2011 at Nestlé’s Agbara factory in Ogun State and in 2017, opened the second centre in the Abaji factory, in the Federal Capital Territory to cater for young people in the Northern part of the country. Trainees participate in an intensive 18-month program which builds their competence in machining, mechanical fitting operations, electrical operations, instrumentation operations and automation, culminating in the prestigious London City and Guilds technical certification examination.

Speaking at the commissioning of the Flowergate TTC, the MD/CEO, Nestlé Nigeria, Mr Wassim Elhusseini said, “The technical training program is an initiative of our global flagship program, Nestlé Needs Youth. The program is one of the sustainable pathways through which we contribute to meeting the technical needs in the industry while enabling young Nigerians access economic opportunities. Young people have a key role to play in shaping the future we desire. We are determined to remain at the forefront of the fight against youth unemployment by helping young people develop the capabilities and skills they need to contribute towards accelerating the industrialization we need to grow our economy”.

Participants at the ceremony included parents, the trainees, the Traditional Ruler of Remoland and community leaders, representatives of the Government of Ogun State, Industry associations, and program partners including the Switzerland Embassy and Nigerian Employers Consultative Association (NECA).

The Ogun State Commissioner for Education, Science and Technology, Prof. Abayomi Arigbagbu said, “The set-up of Nestlé’s third technical training center in the country and second in Ogun State, attests to her commitment to manpower development, capacity building and technical skills acquisition, also focus areas for the Ogun State Ministry of Education, Science and Technology. I sincerely appreciate the company for her investments towards building the competences of young people over the years and for her support and collaboration on the State Government’s effort towards improving technical education in the state”.

In his comments, Mr. Wale Oyerinde, Director General, Nigerian Employers Consultative Association (NECA) said “With the rising unemployment and challenged educational system, one of the sure paths to rapid national development is Technical and vocational skills development. We commend Nestlé for her commitment and massive investment, not only in youth development but also in skills and National development. This effort is commendable and also worthy of emulation by other companies”.

Also speaking at the event, the Ogun State Commissioner for Youth and Sports Development, Dr Kehinde Oluwadare said, “I congratulate Nestlé Nigeria as she continues to contribute to the development of young people in Ogun State and the nation by prioritizing skills development and job creation. I am particularly delighted that the vision of the company is in tandem with the focus on youth empowerment by the Prince Dapo Abiodun led Administration”.

HRM, Alaiyeluwa Oba Babatunde Adewale Ajayi, the Akarigbo and Paramount Ruler of Remoland said, “We are proud to be associated with Nestlé, particularly on the commencement of this wonderful initiative. I commend the Management of the company for investing in technical education of young people, who are the future of the country. We will make sure the company continues to have the enabling environment to continue to do good for and within this community”.

Expressing her delight on behalf of the trainees, Anthonia Ehibor, said, “We are excited to be the pioneer students of Nestlé technical training centre, Flowergate. We appreciate Nestlé Nigeria for creating this opportunity for us to gain the skills we need to be future-ready. We look forward to learning, sharing ideas and networking within the 18 months of the training. You can count on us to put in the hard work and commitment required to make you and our parents proud”.

Over 160 students have benefitted from the technical training program since its inception, with 95% of them directly employed by Nestlé Nigeria. Country HR Manager, Nestlé Nigeria PLC, Shakiru Lawal, announced the resumption of 50 new students across the three training centres at Agbara, Abaji and Flowergate in the past week

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Ecobank Nigeria Unveils New Premier Branch in Victoria Island

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Ecobank Nigeria has announced the opening of a new branch dedicated solely to Premier Banking clients. This branch located No 25. Akin Adesola Street in Victoria Island is dedicated to serving high-net-worth individuals, providing personalized world-class banking services and amenities.

This location offers a bouquet of carefully curated premium banking services enjoyed in the comfort of an exclusive VIP Lounge staffed with dedicated team of relationship managers and supported by a 24X7 contact centre.

Announcing this in Lagos, Adeola Ogunyemi, Head, Distribution Channels/Sales, Consumer & Commercial Banking at Ecobank said “in Nigeria, Ecobank’s mission is to deliver on its promise as the preferred platform for accessible, affordable, and instant banking services to customers. Ecobank remains the go-to bank for pan-African trade and payments.

“Our medium-term goal is to establish ourselves as the leading gateway for facilitating pan-African banking services to our customers in Nigeria. This new premier branch is designed to provide our high-net-worth customers with a suit of exclusive benefits and privileges. This is part of Ecobank’s strategy to cater to the evolving needs of its affluent clientele, offering them a tailored banking solution with enhanced features and privileges.

Ecobank Nigeria Ltd. is a subsidiary of the Ecobank Group, the leading pan-African banking group with operations in 35 African countries and an international presence in four locations (London, Paris, Beijing, and Dubai). Ecobank’s unique pan-African platform is designed to help unlock the opportunities of the continent, for the continent, facilitating regional integration, trade, and investment across borders.

Ecobank utilizes a broad range of digital platforms such as the Ecobank Mobile App, USSD *326#, Ecobank Online, Ecobank OmniPlus, Ecobank Omnilite, EcobankPay, Ecobank RapidTransfer, ATMs, POS terminals, and a vast distribution network with over 250 branches and approximately 50,000 agency banking locations.

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FirstBank Wins Gold for Best Corporate University in Social, Climate Change Impact

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FirstBank, the West Africa premier bank and financial inclusion services provider, has announced that its Corporate University, FirstAcademy, has bagged the Gold Award for Best Corporate University in Social & Climate Change at the Global Council of Corporate Universities (GlobalCCU) Awards 2025.

This highly acclaimed award recognises FirstAcademy’s outstanding commitment to driving social and climate change learning initiatives, aligning its learning and development programs with internal stakeholder needs, and promoting Corporate Social Responsibility (CSR).

The GlobalCCU Awards is a prestigious, biannual recognition of excellence in corporate universities, setting the highest standard for the industry. With a rich 12-year history dating back to its inaugural ceremony in Paris in 2013, the awards have consistently honoured outstanding Corporate Universities, learning and development structures worldwide. The GlobalCCU Awards celebrate institutions that create remarkable value for people, businesses, society and the planet.

FirstBank’s FirstAcademy exemplifies this mission by earning the Gold Award for Best Corporate University in Social & Climate Change at the 2025 ceremony in Paris, France. This distinction reflects FirstAcademy’s dedication to fostering sustainability and environmental responsibility; developing impactful learning initiatives that transcends traditional corporate training, with broader societal goals; integrating climate action into its portfolio and operations;  expanding climate finance offerings and developing a climate action capacity building training program.

FirstAcademy was inaugurated in 2012 as the Bank’s designated corporate academy designed to provide structured talent development, knowledge management and culture change initiatives. One major objective of the academy is to equip staff with the requisite knowledge and skills required to deliver on the Bank’s strategic aspirations and to thrive in an ever-evolving work environment while contributing to social and environmental responsibility.

According to the Founder and Chairman of the GlobalCCU Awards, Annick Renaud-Coulon, “FirstAcademy is an outstanding Corporate University that is clearly the Best Corporate University globally for driving social and climate change learning initiatives.”

Congratulating FirstAcademy, the Founder and Chairman of the GlobalCCU Awards, Annick Renaud-Coulon, said “FirstAcademy is a very mature Corporate University which demonstrates a strong alignment with FirstBank’s vision of responsible banking and sustainable development, with clear support from senior leadership and a governance model that strategically connects learning to business priorities. Congratulations to FirstAcademy for setting a visionary standard in advancing meaningful social and climate change impact through learning and inclusive capacity building!”

In the words of Olayinka Ijabiyi, the Acting Group Head, Marketing and Corporate Communications, FirstBank “We are delighted to receive this international recognition for our efforts in promoting social responsibility and climate action. This award serves as a testament to our belief that businesses can be a force for good, driving transformation that extends beyond profit to create sustainable and equitable futures for all.  FirstAcademy’s programs have not only enhanced employee skills but also contributed to the well-being of society and the environment.”

As FirstBank’s FirstAcademy continues to bridge the gap between corporate initiatives and community needs, it sets a leading example for corporate universities around the globe, inspiring others to follow suit in the quest for meaningful change.

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Fidelity Bank Hits N1trn Market Capitalisation after Share Price Increase

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The market capitalisation of Fidelity Bank has crossed the N1 trillion mark as the share value of the company appreciated by 1.27 percent at the close of trading.

According data from the Nigerian Exchange Group (NGX), the bank’s market capitalisation hit N1 trillion after its share price rose from N19.75 on Tuesday to N20 on Wednesday.

The increase moved the company’s valuation from N991.6 billion to N1 trillion.

With the development, Fidelity Bank joins the list of financial institutions with a market capitalisation of over N1 trillion.

The companies are Zenith Bank, Access Bank, United Bank of Africa (UBA), Guaranty Trust Bank (GTB), and First Bank.

On May 21, Nneka Onyeali-Ikpe, the managing director (MD) and chief executive officer (CEO) of Fidelity Bank, acquired an additional 18 million shares in the bank.

Two days later, Onyeali-Ikpe bought additional 2 million units of shares in the bank.

According to a regulatory filing on the NGX, the shares were acquired on May 22, at N18.6 each — amounting to a total value of N37.2 million.

The acquisitions increased her shareholding in the bank to 114.64 million shares — from 94.64 million held as at December 31, 2024.

In its latest financial performance report, Fidelity Bank said it reported a 167.8 percent year-on-year increase in profit before tax (PBT), which increased to N105.8 billion in the first quarter (Q1) of 2025

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