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Fidelity Bank deepens Exporters’ capacity in Abuja

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Fidelity Bank

Leading financial institution -Fidelity Bank Plc – has once again demonstrated its devotion to boost the volume of non-oil exports in the country as it recently hosted entrepreneurs within the North-Central geopolitical zone of Nigeria to the 13th edition of its Export Management Programme (EMP 13) in Abuja.

The event which was a five-days intensive programme, held between Monday, 18 and Friday, 22 July 2022 at Novare Central, Wuse Zone 5 in the nation’s capital. It featured insightful presentations from leading experts in the nation’s export industry including regulators, academics and businessmen.

Speaking on the EMP, the Divisional Head, Export and Agriculture, Fidelity Bank Plc, Isaiah Ndukwe said, “We launched the EMP in 2016 with the objective of helping Nigerian businesses pivot to exports. Since then and in partnership with the Lagos Business School and the Nigerian Export Promotion Council (NEPC), we have hosted 12 editions of the training. We are delighted by the feedback from customers and non-customers that have benefited from the initiative especially the uptick in their business performance after participating in the programme.”

It would be recalled that Fidelity Bank launched a series of sensitization programmes to drive non-oil exports across the country in February this year. Tagged, “The CBN RT200 FX Sensitisation Seminar”, the workshops featured presentations from experts in the exports space on how businesses can take advantage of the Central Bank of Nigeria’s (CBN) drive to raise $200billion in foreign exchange earnings in the next three to five years through non-oil exports. Till date, the bank has hosted the seminars in Kano, Akure, Jos and Benin-City -in partnership with the Edo State Investment Promotion Office (ESIPO) and GIZ.

“Just like our CBN RT200 FX Sensitisation seminars, our EMP initiative is driven by our vision of establishing exports as a strategic business pillar given the immense opportunities it bodes for our customers and the nation’s economy. We have therefore become the go-to bank for established and budding export businesses. Participants in EMP 13 have learnt how to list their products on global e-commerce platforms like Amazon, the necessary documentation for exports, how to take advantage of export-oriented policies, amongst a host of insightful discussions”, explained Ndukwe.

Making a case for Nigerian businesses to embrace non-oil exports at the opening ceremony of the training, Dr Ezra Yakusak, Executive Director/CEO of the Nigerian Export Promotion Council (NEPC), who was represented by Mr Babatunde Falake, Director, International Export Office, NEPC said, “Recent developments in our national economy and indeed the global economy have made it clear to us that more emphasis should now be laid on export of our vast resources if we must survive as a nation. It is unfortunate that Nigeria, having been blessed with resources in agriculture, solid minerals, entertainment industry, creative arts, Information and Communication Technology, fashion and of course manufacturing, has continued to rely on export of crude oil as the major source of foreign exchange.”

The well attended capacity development programme also feature insightful discussions facilitated by officials of the Central Bank of Nigeria (CBN), Nigerian Customs Service (NCS) as well as excursions and networking sessions.

Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 6.5 million customers serviced across its 250 business offices and digital banking channels. The bank was recently recognized as the Best SME Bank Nigeria 2022 by the Global Banking & Finance Awards. The bank has also won awards for the “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

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Why Emirates Airlines Suspended Its Operations In Nigeria

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Why Emirates Airlines Suspended Its Operations In Nigeria

Emirates Airlines, on Thursday, August 18, 2022, disclosed the suspension of all of its flights in Nigeria.

In a statement in which the airline made this announcement, Emirates said the flight suspension would take effect from Thursday, September 1.

It was gathered that at last count, Emirates had at least $85 million trapped in Nigeria in spite of its efforts to repatriate the funds.

The statement read: “Emirates has tried every avenue to address our ongoing challenges in repatriating funds from Nigeria, and we have made considerable efforts to initiate dialogue with the relevant authorities for their urgent intervention to help find a viable solution.

Regrettably, there has been no progress. Therefore, Emirates has taken the difficult decision to suspend all flights to and from Nigeria, effective September 1 2022, to limit further losses and impact on our operational costs that continue to accumulate in the market.

”We sincerely regret the inconvenience caused to our customers, however the circumstances are beyond our control at this stage.

We will be working to help impacted customers make alternative travel arrangements wherever possible.

Should there be any positive developments in the coming days regarding Emirates’ blocked funds in Nigeria, we will of course re-evaluate our decision.

We remain keen to serve Nigeria, and our operations provide much-needed connectivity for Nigerian travellers, providing access to trade and tourism opportunities to Dubai and to our broader network of over 130 destinations.”

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GTCO Autism Conference Holds on August 29th and 30th at MUSON Centre, Onikan, Lagos

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The 12th edition of the annual GTCO Autism Conference themed “Creating a Community of Awe-Tism Advocates” will hold on Monday and Tuesday, August 29th and 30th, 2022, at MUSON Center, Onikan, Lagos. 

The annual Autism Conference is a pivotal component of GTCO’s Orange Ribbon initiative and serves as a key advocacy platform for people living with autism and other developmental disorders. In recent years, the GTCO Autism Conference has gained wider acclaim for bringing together some of the world’s leading experts in Autism, especially with the successful coordination of a fully virtual autism conference in 2020 at the height of the Covid-19 pandemic. For this year, the GTCO Autism Conference will feature keynote addresses and panel discussions by experienced specialists from renowned institutions in Nigeria and abroad in a hybrid set-up to allow for both in-person and virtual participation. Some of the partnering organisations include Federal Neuropsychiatric Hospital, Enugu, Autism Compassion Africa, Ghana, The Color of Autism Foundation, USA, Meharry Medical College, USA, and Behaviorprise Consulting Inc., Canada.  

One-on-one consultations and Q&A sessions during the conference will provide opportunities for parents and other stakeholders to further engage on best practices for proper diagnosis and treatment of persons on the autism spectrum with the experts. As a special feature and to ensure more persons with developmental disorders can benefit from professional help, provision has been made to offer specialist care to autistic children in the areas of speech and behaviour therapy, child psychology and psychiatry, as well as occupational development for adults living with autism via in-person consultations at the Chapel of Light, Alausa, Ikeja, starting from Tuesday, August 23rd to Saturday, August 27th between the hours of 10am and 5pm. 

Commenting on the 2022 Autism Conference, Segun Agbaje, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc said, “While much has been done over the years to increase the social consciousness around Autism and to improve the available support systems for managing developmental disorders, we strongly believe that we can do more individually and collectively to create and uphold a culture of inclusion towards people with ASD to enable them reach their full potential.” 

Mr Agbaje further stated; “The Orange Ribbon initiative was created to support children and adults with developmental disabilities with a focus on those with autism spectrum disorders. Now in its 2nd decade, the annual Autism Conference has over the years created a community of people with a shared commitment to create better outcomes for those who find themselves in the margins of society simply because they are different from the rest.” 

Guaranty Trust Holding Company Plc (GTCO) is a leading financial services company providing banking and non-banking services across eleven countries spanning West Africa, East Africa, and the United Kingdom. The Group operates a diversified, proudly African franchise and is renowned for its innovative approach to customer service and stakeholder engagement which has endeared the brand to millions of people across Africa and beyond.  

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Dangote Major Driver of Real Estate Development – Builders

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The Nigerian Institute of Building (NIOB) and other stakeholders in the housing industry have described the Dangote Group as the main driver of real estate development in the country.

According to a statement from the Dangote Group, President of the Nigerian Institute of Building (NIOB), Prof. Yohana Izam, disclosed this at a recent African International Housing Show in Abuja. Coordinator of the AIHS, Barr. Festus Adebayo told newsmen that the housing deficit in the country can be mitigated through Public Private Partnership (PPP). Adebayo said he was optimistic that the partnership with the Dangote Group would yield a fruitful result. The Group Head, Sales and Marketing, Dangote Cement Plc, Mr. Rabiu Umar said Dangote was not resting on its oars, as it has already been investing hugely in the development of infrastructure through the tax credit scheme and its numerous social programmes.

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