Business
TTP: Nestlé Nigeria Graduates 6th Batch, Celebrates Best Graduating Student
Oluwadarasinmi Adesakin is a beneficiary of Nestlé Nigeria’s 18-month Technical Training program which aims to bridge the skills gap by equipping youth with the required expertise to support industrialization. He is the best graduating student of Batch 6.
A citizen of Oyo State in Western Nigeria, Darasinmi obtained his National Diploma in Mechanical Engineering from the Petroleum Training Institute in Warri, Delta State.
Although he was already working, he aspired to develop himself further and was elated to be accepted into the technical training program. He therefore set his mind to make the best of the opportunity and to attain the best possible result.
Darasinmi’s determination paid off as he finished his studies in flying colours, achieving a total of 29 distinctions, out of 36 courses in the City and Guilds examinations, the best result since the program started in 2011.
“Today was a huge surprise for my father, Mr. Adesakin Adeoye, a Mechanical Engineer himself,” Darasinmi said. “He did not know I was the best graduating student or that I would be going to Switzerland for an internship program. He was so elated and could not hold back his joy. This, for me, was very fulfilling.”
Oluwadarasinmi Adesakin was ecstatic as he joined his colleagues at the 6th graduation ceremony which took place at Nestlé Nigeria’s Technical Training Center in Agbara, Ogun State. All of the 20 trainees excelled at the Diploma 3, 4 and 5 examinations of London City and Guilds, obtaining distinctions in Thermodynamics, and the best overall results in West Africa.
Speaking at the ceremony, the MD/CEO, Nestlé Nigeria, Mr Wassim Elhusseini said, “At Nestlé, we believe that young people have a key role to play in building thriving, resilient communities. Young people are our future, they are the entrepreneurs and innovators of tomorrow. They do not only help their communities thrive, but also benefit Nestlé with their fresh ideas, diverse perspectives, and energy. This is why we are passionate about helping them to build the capabilities and skills they need to contribute towards accelerating the industrialization we need to grow our economy.”
In his comments, Thomas Schneider, Consul General, Consulate of Switzerland in Lagos, said, “We are delighted that for eleven years on, this joint training program between the Switzerland Government and Nestlé Nigeria is still making impact on young people within the country, creating job opportunities.”
Inaugurated in 2011, The 18-month intensive program trains participants in machining, mechanical fitting operations, electrical operations, instrumentation operations and automation. The program culminates in the prestigious London City and Guilds technical certification with the top five graduates of each batch undergoing a further three-month internship program at a Nestlé factory in Switzerland, sponsored by the Swiss Embassy in Nigeria.
Over 160 students have benefitted from the program since its inception, with over 90% of them directly employed by Nestlé Nigeria. All the participants of batch 6, 40% of them females, successfully completed the training and the top 5 performers will be undertaking an internship and mentoring program at Nestlé factories in Switzerland in the first few months of 2023. 95% of the graduates, including Darasinmi, have been employed by Nestlé Nigeria.
Parents of the graduates, the Traditional Ruler of Agbara, and representatives of the Ogun State Government present at the event all expressed their appreciation of the value that the TTC has been adding over the past 11 years.
The Ogun State Commissioner for Education, Science and Technology, Prof. Abayomi Arigbagbu, represented by the Zonal Education Officer, Ado-Odo Ota, Mr Olugbenga Kikisuhu said, “Education is the bedrock of any meaningful social and economic development, and we all must accord education the priority it deserves. Nestlé Nigeria PLC has today taken another giant step on her journey of empowering young Nigerians for a better tomorrow by upskilling and employing the graduates. I congratulate the beneficiaries of this laudable technical training program and particularly appreciate the Management of Nestlé Nigeria PLC for her consistent contribution to educational development in the state.”
In his remarks, the Ogun State Commissioner for Youth and Sports Development, Dr. Kehinde Oluwadare, represented by Adetokunbo Salami, Director, Youth Development for the Ministry, said, “I am delighted to witness another batch of young Nigerians graduating from the Nestlé technical training program. Initiatives such as these are well aligned with the vision of the Ogun State Government on youth empowerment. I commend Nestlé for this sustained intervention which not only equips young people with relevant industry skills and expertise but is also providing economic and job opportunities.”
On his part, the Alagbara of Agbara, HRM Oba (Barr.) Lukman Jaiyeola Agunbiade, commended Nestlé for the positive impact the company is making within the Agbara community, especially in capacity development and empowerment of young people. He described Nestlé Nigeria as a valued stakeholder, and congratulated all graduates, encouraging them to maximally utilize the opportunity provided by the company.
Speaking on behalf of his colleagues, Oluwadarasinmi Adesakin, said, “We are grateful for this excellent platform created by Nestlé Nigeria for young Nigerians. The training program has been an unforgettable journey and a robust experience that has equipped my colleagues and I with knowledge, skills and core values such as integrity, leadership and accountability required to thrive in life.
We are sincerely grateful to Nestlé, the Swiss Consulate and all the partners supporting this program. I commend all my colleagues for the passion, teamwork and dedication that has enabled us to successfully complete the program.”
UBA Group senior executives recently concluded the Group’s Half Year Business Review. Held at global headquarters in Lagos Nigeria, Group Managing Director/CEO, Oliver Alawuba, brought together executives responsible for UBA’s twenty-four countries of operation.
It was an opportunity to restate the Group’s pan-African strategy, and commitment to further expanding the Group’s coverage across high potential markets across Africa, while also deepening its operations in its existing twenty African presence markets. With over 51.7% of Group revenues from ex Nigerian operations, UBA’s journey to being Africa’s most diversified financial services group was clearly in evidence,
The international strategic intent reinforces with the Group’s intention to deliver innovative financial solutions to its fast-growing global customer base. The strategy demonstrates UBA’s unique position as Africa’s global bank and ability to leverage growth opportunities in emerging and leading African markets.
The Group commenced its Pan African journey, with its entry into Ghana in 2004, followed by rapid expansion into 18 additional African markets. Today, as a resilient and future-focused institution, UBA continues to push boundaries by connecting Africa to the world and the world to Africa.
Mr Alawuba highlighted the Group’s expansion plans, disclosing that the Group is excited about the vast opportunities that the new markets present, a testament to UBA Group’s confidence in the African economy, providing world-class banking services that meet the continent’s evolving needs.
“UBA’s vision is clear – we are building a truly global institution anchored in Africa, but serving customers across continents. Further strategic expansion positions us to unlock new opportunities, support intra-Africa trade, and deliver world-class banking experiences wherever our clients choose to do business,” Alawuba said.
“In Europe, UBA has operations in the United Kingdom and upgrading its license in France, expanding its capacity to serve cross-border trade, investment flows, and the African diaspora, complementing our over 40-year presence in NY. These moves signal a clear message of UBA’s intent to reshape the competitive landscape”, Alawuba further said.
As part of the Group’s plan to expand its global presence, UBA, in January, announced plans to open operations in Saudi Arabia.
Operating in twenty African countries and the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology. United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees’ group wide and serving over 45 million customers globally.
Ecobank Nigeria, an affiliate of the leading pan-African banking group, Ecobank Group, has announced a comprehensive suite of innovative financial solutions designed to support all key stakeholders within the education ecosystem. These offerings are aimed at driving financial inclusion, operational efficiency, and sustainable growth across the sector.
For school owners and educational leaders, Ecobank offers cash-backed loans to support both operational and capital expenditures. These are complemented by treasury management tools that enhance financial oversight, along with digital collection platforms that ensure seamless and efficient school fee processing. Teachers and non-teaching staff also stand to benefit significantly. Ecobank provides salary access tools that enable timely and flexible income management, career development programs to support continuous professional growth, and financial wellness plans designed to promote long-term financial stability.
Suppliers and partners within the education value chain benefit from tailored financial solutions such as invoice factoring for improved cash flow, inventory financing to maintain operational continuity, and marketplace visibility to expand their reach and business opportunities within the sector.
Speaking at the unveiling event in Lagos, Kola Adeleke, Executive Director, Commercial and Consumer Banking at Ecobank Nigeria, reaffirmed the bank’s commitment to empowering the education sector with practical financial solutions that address real-world challenges, enabling all participants, from institutions and educators to families and partners, to thrive.
“Our integrated financial and non-financial propositions form part of a broader strategy to strengthen our leadership in the education financing space, while contributing meaningfully to national and continental goals around access, equity, and excellence in learning. We have designed these solutions to meet the diverse needs of school proprietors, teaching and non-teaching staff, students, and parents. Ecobank is committed to empowering the education sector through seamless collections, access to credit, and a suite of sustainability-focused offerings. Education is a pillar of national development, and we recognize the sector as an integrated system of needs and opportunities. Our goal is to support this system not just with financing but also with digital tools, career development programs, and sustainability initiatives,” he said.
Also speaking, Adebukola Ademiluyi, Head of Education, Faith, and Social Services at Ecobank Nigeria, highlighted the bank’s commitment to affordable and inclusive financing options. She noted that by integrating smart financing with sustainability, digital infrastructure, and inclusive participation, Ecobank is pioneering a full-service banking model tailored to the realities of Africa’s education sector.
“More than just funding, we are enabling seamless school management systems through API partnerships that digitize operations such as student registration, staff payroll, inventory management, and parental communication. We also place strong emphasis on supporting parents and guardians, providing financial planning tools, access to student loans, merit-based scholarships, and child progress monitoring systems. These innovations are designed to ease financial burdens and deepen parental involvement in their children’s academic journeys,” she said.
Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital for the sixteenth consecutive year, in the 2025 Top 1000 World Banks’ Rankings, published by The Banker, Financial Times Group, United Kingdom.
This ranking places Zenith Bank Plc as the 581st Bank globally, with a Tier-1 Capital of $2 billion.
The global rankings, published in the July 2025 edition of The Banker, was based on the 2024 year-end Tier-1 capital of banks. This is the primary basis for most international organizations’ assessments of banks.
Commenting on this achievement, the Group Managing Director/CEO of Zenith Bank Plc, Dame (Dr.) Adaora Umeoji, OON, said, “We are thrilled to have retained our position yet again as the Number One Bank in Nigeria by Tier-1 capital for the 16th consecutive year. This achievement is a reflection of the bank’s robust financial performance, prudent risk management and steadfast dedication to delivering exceptional value to our customers and stakeholders”.
She thanked the Founder and Chairman, Jim Ovia, CFR, for his visionary and transformative leadership which has played a pivotal role in cultivating a resilient and thriving institution. She also expressed her deepest appreciation to the bank’s esteemed customers for their continued loyalty to the Zenith brand, the Board for the sound corporate governance, and the staff for their relentless & tireless efforts in ensuring the bank’s success.
Tier-1 Capital describes capital adequacy, the core measure of a bank’s financial strength from a regulator’s perspective. According to the ranking, Tier-1 Capital, as defined by the Bank for International Settlements (BIS) guidelines, includes loss-absorbing capital, i.e., common stock, disclosed reserves, retained earnings, and minority interests in the equity of subsidiaries that are less than wholly owned. A strong Tier-1 capital ratio boosts investor and depositor confidence, indicating the Bank is well-capitalised and financially stable.
According to the audited financial results for the 2024 financial year presented to the Nigerian Exchange (NGX), the Bank recorded a double-digit growth of 86% in gross earnings, increasing from N2.13 trillion in 2023 to N3.97 trillion in 2024. This growth was driven by a 138% increase in interest income, supported by investment in high-yield government securities, and growth in the Bank’s loan book.
Zenith Bank’s profit before tax (PBT) rose by 67%, reaching N1.3 trillion in 2024 from N796 billion in 2023. This performance saw the bank record an unprecedented total dividend payout of N195.67 billion at N5.00 per ordinary share in the 2024 financial year.
