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.”
Ecobank Nigeria, a subsidiary of the leading Pan‑African financial services group, Ecobank Group, has announced the fifth edition of the Adire Lagos Experience, its flagship cultural and creative industry showcase. The event will take place from June 11–14, 2026, at the Ecobank Pan African Centre (EPAC), Victoria Island, Lagos.
The 2026 edition is themed “Threads Across Borders,” celebrating the depth and global resonance of Adire as a uniquely Nigerian art form, while positioning it within Africa’s broader textile and cultural narrative.
Rooted in Nigeria’s rich heritage, the Adire Lagos Experience continues to serve as a gateway for cross‑border cultural exchange, reinforcing Ecobank’s Pan‑African vision through culture‑led commerce.
The four‑day event will feature over 100 vendors, with the exhibition remaining predominantly Nigerian, reflecting the country’s leadership as the home and heartland of Adire production. To enrich diversity and continental collaboration, 10 percent of participating vendors will come from outside Nigeria, offering complementary African textile expressions and creative perspectives that foster knowledge exchange and cross‑border partnerships.
Speaking on the upcoming event, Omoboye Odu, Head, SMEs, Partnerships and Collaborations at Ecobank Nigeria, highlighted the intentional balance between cultural authenticity and Pan‑African inclusion.
“Adire is proudly Nigerian, and this platform remains firmly anchored in celebrating our local artisans and creative enterprises. At the same time, Ecobank’s Pan‑African mandate allows us to thoughtfully open the space to creators from other African markets, encouraging collaboration, shared learning, and trade connections that elevate African craftsmanship as a whole,” she said.
Beyond the exhibition booths, the Adire Lagos Experience 2026 will offer indigenous cuisine, African music and cultural performances, alongside curated networking and business engagement sessions designed to strengthen linkages across the Adire and wider creative value chain—from artisans and designers to merchants, buyers, and cultural enthusiasts.
As part of its ongoing commitment to supporting SMEs and the creative economy, Ecobank has opened registration for prospective exhibitors, with selected applicants eligible to receive complimentary exhibition booths. Applications close on April 28, 2026.
Through the Adire Lagos Experience, Ecobank continues to champion Nigeria’s cultural leadership while advancing Pan‑African collaboration—transforming heritage into enterprise and reinforcing its role as a truly Pan‑African institution driving impact beyond banking.
As the Central Bank of Nigeria’s (CBN) recapitaliSation exercise came to an end March 31, 2026, most banks operating in the country rose to the challenge and met the requirement ahead of time.
However, Fidelity Bank’s proactive approach paid off, and it continued to demonstrate its commitment to growth and innovation. In a remarkable display of investor confidence, Fidelity Bank opened and concluded a private placement in just one day on December 31, 2025. Leading institutions, including AFREXIM Bank and its subsidiaries, invested in the bank, showcasing their faith in Fidelity’s vision and leadership.
With the CBN’s verification process complete, Fidelity Bank’s capital base now exceeds the required N500 billion threshold. This milestone positions the bank to expand its footprint, drive growth, and deliver returns to investors.
Market analysts stated that the successful completion of the private placement underscores strong investor confidence in the bank’s growth strategy, governance framework and long-term fundamentals, even amid tightening regulatory standards and evolving macroeconomic conditions.
The lender had announced to the investing public that it has surpassed the N500billion regulatory capital threshold following the successful completion of a N259billion private placement of ordinary shares.
The Company Secretary, Fidelity Bank, Ezinwa Unuigboje in a signed statement on Nigerian Exchange Limited (NGX) disclosed that the private placement, conducted with the approval of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), was opened and closed on December 31, 2025.
According to her, the proceeds from the exercise lifted Fidelity Bank’s eligible capital from N305.5billion to N564.5billion, subject to final regulatory approvals.
The latest capital raise positions the lender comfortably above the new minimum capital requirement of N500billion for commercial banks with international authorisation, as stipulated by the apex bank under its banking sector recapitalisation programme. According to the bank, the private placement was carried out pursuant to the mandate granted by shareholders at its Extraordinary General Meeting held on February 6, 2025.
At the meeting, shareholders authorised the board to issue up to 20 billion ordinary shares through a private placement as part of measures to strengthen the bank’s capital base and enhance its capacity to support economic growth. The N259billion raised through the private placement builds on earlier capital-raising efforts by the bank. Fidelity Bank had stolen the show by taking a bold step in June 2024, launching a Public Offer and Rights Issue to raise capital.
Fidelity Bank successfully raised N175.85billion via a combination of a public offer and rights issue, which had increased its eligible capital to N305.5billion at the time. That exercise left a capital shortfall of N194.5billion relative to the new regulatory benchmark, a gap now fully covered by the latest transaction. Fidelity Bank’s strategic moves have set it up for success, and the stage is set for the bank to make significant strides in the Nigerian banking sector. Fidelity Bank noted that the strengthened capital position will enhance its balance sheet resilience, support business expansion, and enable it to play a more robust role in financing key sectors of the Nigerian economy, in line with regulatory expectations. The bank added that it remains focused on value creation for shareholders, prudent risk management and sustained profitability as it navigates the post-recapitalisation phase of the banking sector. Meanwhile, the stock price of Fidelity Bank closed trading April 10, 2026 at N19.50 per share on the NGX.
Access Bank Plc has been named Nigeria’s Most Valuable Brand for the fifth consecutive year by Brand Finance, reinforcing its leadership position in the country’s financial services sector.
Brand Finance announced this in its Nigeria 25 2026 report, which ranks the country’s strongest brands based on brand value, brand strength, and underlying business performance. According to the report, Access Bank’s brand value stands at ₦773.2 billion, maintaining its number one ranking despite short term macro-economic and market pressures.
It attributed the marginal year-on-year decline in brand value to a deliberate strategic shift, as the Bank continues to prioritise long term growth, regional expansion, and international scale over shortterm domestic margins.
Brand Finance pointed out that Access Bank’s sustained leadership reflects a longterm brand strategy anchored on scale, trust, and regional relevance, positioning the Bank to maintain brand strength and resilience as Nigeria’s economy continues its gradual recovery and the competitive landscape evolves.
It highlighted Access Bank’s transition from a local market leader to a cross continental financial infrastructure provider, noting that stronger contributions from its African operations helped offset a decline in Nigerian income during the period. This repositioning supports the Bank’s ambition of serving as a key gateway between Africa and global financial markets.
Importantly, the Brand Finance report also recorded a strengthening of the Access Bank brand, with the Bank rising to third place nationally on the Brand Strength Index (BSI), achieving a score of 88.7/100 and retaining an AAA brand rating. Brand Finance links this improvement to stronger brand coherence across markets and clearer strategic positioning following the consolidation of international acquisitions.
Commenting, Babatunde Odumeru, Managing Director, Brand Finance Nigeria, said, a defining shift in the business environment has been the movement from survival to resilience, with brands that invested through uncertainty now emerging stronger.
“This report highlights a key trend: trust is now the fundamental driver of business growth. With consumers now more cautious about how they spend their money, brands must offer a reliability premium in order to build trust, which is an essential foundation for customer loyalty. The brands that have achieved this have not just stood out but have consistently grown their brand value and maintained their lead in the Brand Finance rankings: If you are reliable, you are valuable.”
Odumeru noted that the rankings were dominated by the banking and manufacturing sectors, driven by homegrown resilience and digital savviness required to convert engagement into customer loyalty. This dynamic, he said, reflects a collaborative strength between the two sectors that continues to underpin Nigeria’s overall brand value.
The Brand Finance Nigeria 25 report is published annually and assesses Nigeria’s leading brands using a combination of brand value, brand strength, and comprehensive market analysis.
