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Zenith Bank Signs MoU with CFA Institute to Boost Financial Expertise

By David Torough, Abuja
Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the Chartered Financial Analyst (CFA) Institute to promote efforts and activities that support the formation, training, and updating of human capital in finance and investment for the overall development of the Nigerian financial services sector.
The MoU, was signed by the Group Managing Director and Chief Executive Officer (CEO) of Zenith Bank, Dr.
Ebenezer Onyeagwu; the President and Chief Executive Officer (CEO) of the CFA Institute, Margaret Franklin; and the President of CFA Society Nigeria, Ibukun Oyedeji on Tuesday.In his speech at the MoU signing ceremony, Onyeagwu commended the CFA Institute and the CFA Society, Nigeria for their laudable programmes in developing finance and investment professionals in Nigeria.
According to him, the Women in Investment Management Initiative, CFA Institute Research Challenge, CFA Society Nigeria Ethics Challenge and University Affiliation Program were very laudable, and assured that the Bank would continue to partner with the CFA Institute and the CFA Society Nigeria to ensure that young finance and investment professionals get the needed support for their career development.
“As a good corporate citizen, Zenith Bank remains committed to furthering the economic, cultural and social development of the society. As such, we continue to support projects and initiatives that have long-term social and economic benefits for our various publics and stakeholders.
“Partnering with the CFA Institute and the CFA Society Nigeria is therefore a demonstration of our commitment to building professional excellence in the finance services industry in Nigeria”
At the CFA Institute Africa Investment Conference, during the ' Journey to the Top: A Discourse with CEOs' segment, Dr. Onyeagwu inspired future finance and investment professionals to uphold the highest standards of integrity.
He stressed the importance of making difficult yet high-quality decisions, building robust networks, and dedicating themselves to hard work for career success.
“As upcoming professionals, the opportunities are immense for you. Africa doesn’t get bigger than Nigeria. There is scarcity of the right kind of people that have the talent, that have the character and the leadership to provide leadership in organizations.
Make a decision to be one of those, make a decision to be different. You must be driven by your passion; you must delay gratification. In Zenith what is driving us is the strive for excellence. It is not about who you are and where you come from. We have the best class of talents you can think of anywhere in the world”.
He assured the young finance and investment professionals that Zenith Bank would offer immediate employment opportunities to CFA Charter Holders and those who qualify as Chartered Accountants.
Also, the President and Chief Executive Officer (CEO), CFA Institute, Margaret Franklin reiterated the Institute’s commitment to the professional development of students and upcoming professionals.
“There are many things that we do for students, we invest heavily in students and why is that? Because they are our future.
“The mission of the CFA Institute is to lead the investment industry with the highest standards of ethics, education and professional excellence for the ultimate benefit of society and that starts with our CFA programme”.
She commended Zenith Bank for its continued support to the CFA Society Nigeria and sponsorship of the CFA Institute Research Challenge over the years.
She also commended the bank for being one of the top employers of CFA members in the country and expressed her admiration of the culture of excellence in Zenith Bank.
On his part, the President of CFA Society Nigeria, Ibukun Oyedeji commended Zenith Bank for its partnership with CFA Society Nigeria and its commitment to the development of young finance professionals in the country.
The CFA Institute Africa Investment Conference was being hosted by the CFA Institute and CFA Societies from Ghana, East Africa, South Africa and Mauritius.
The conference has representatives from over 20 universities in Nigeria (members of their investment clubs being supported by CFA Society).
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Dangote Refinery Appoints David Bird New CEO

Dangote Group has named David Bird, former Chief Executive Officer (CEO) of Oman’s Duqm refinery, as the new chief executive of its petroleum and petrochemicals division in a bid to address operational challenges and drive its next growth phase.Bird officially assumed his role in July, taking charge of Dangote’s fuels and petrochemicals business, which launched the world’s largest single-train refinery last year.
Aliko Dangote, founder of the conglomerate, remains chairman of the refining arm and CEO of the overall group, which spans sectors including cement, fertilizer and sugar. Bird’s appointment is seen as a strategic move to leverage his experience at OQ8, where he oversaw the Duqm refinery’s expansion and crude diversification just before its 2023 test runs.In written comments to Platts, Bird stated his priority at Dangote would be advancing the group’s footprint beyond the Nigerian market and across the African continent.He also noted that his role involves ensuring maximum output and efficiency for the refinery while positioning the group as a global refining leader.The move came amid setbacks at the 650,000 barrels-per-day (b/d) Lagos refinery, which has faced multiple operational hiccups and “Design issues” that have hampered its ramp-up. The business has also cited an unfriendly regulatory environment as a barrier to operations.Since commissioning in January 2024, the refinery has made a significant impact on Nigeria’s energy market by slashing gasoline imports. However, Aliko Dangote has previously condemned “rent-seeking” trade practices and low-quality fuel imports for straining the plant’s progress.In an earlier interview, Bird promoted a strategy centered on trading performance, high plant utilization, and flexible feedstock options. His approach supports Dangote’s recent pivot to refining a broader mix of crude oils, as supplies of the Nigerian-grade crude initially intended for the plant have become limited.Despite its global ambitions, the refinery remains bound by a naira-based deal requiring it to supply a set volume of petroleum products to the domestic market via the Nigerian National Petroleum Company, which holds a 7.2% stake in the project.Looking ahead, Dangote Group is planning to expand the refinery’s capacity to 700,000 b/d, enhance port infrastructure, and develop overseas storage facilities in countries such as Namibia. In August, it is set to roll out its own distribution business with a fleet of 4,000 CNG-powered trucks.Executives have also confirmed plans to list the refining arm on both the London and Lagos stock exchanges.COVER
Nigeria, Benin Forge Unified Trade Path on New Framework

By David Torough, Abuja
In a decisive move to boost regional economic integration, Nigeria and the Republic of Benin have agreed on a comprehensive trade framework aimed at removing trade bottlenecks, strengthening bilateral ties and unlocking new economic opportunities.The agreement was reached during a high-level bilateral meeting held at the Ministry of Economy and Finance in Cotonou, Benin Republic.
The session brought together top government officials, customs authorities and trade policy experts from both countries to harmonise cross-border trade processes and develop a unified trade agenda. Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, hailed the framework as a strategic advancement in West Africa’s drive for regional economic prosperity.“This agreement demonstrates the strong political will of both nations to foster inclusive and sustainable trade,” Oduwole stated, noting that it follows the Memorandum of Understanding signed by Presidents Bola Ahmed Tinubu and Patrice Talon at the recent West African Economic Summit.She said the agreement will be driven by four key thematic areas: trade facilitation, enforcement, data sharing, and infrastructure development.“Our shared goal is to dismantle trade barriers, enhance logistics, and leverage trade as a tool for job creation and inclusive growth,” she added. “Nigeria is also positioning itself to play a leading role in shaping equitable global trade systems.”The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, reiterated the Service’s commitment to the agreement, highlighting the extensive technical engagements that led to the joint framework.“This outcome reflects over 48 hours of technical consultations between both customs administrations. It’s a blueprint aligned with the economic vision of both Presidents,” Adeniyi said.He disclosed that a formal Memorandum of Understanding, building on the framework, is scheduled for signing in the first quarter of 2026. He also outlined plans for corridor-based trade solutions, system connectivity, and enhanced facilitation measures targeted at small and medium-scale enterprises.“Our systems are now interconnected. We’re rolling out corridor-specific initiatives to simplify customs procedures, eliminate bureaucratic delays, and support local businesses,” he said.Adeniyi also commended his Beninese counterpart, Mrs. Adidjatou Hassan Zanouvi, for her collaborative efforts and Benin’s support for Nigeria’s leadership at the World Customs Organisation (WCO) Council meeting in Kinshasa, DRC.As part of the bilateral engagement, both delegations jointly toured the Port of Cotonou to evaluate operational procedures and identify opportunities for modernisation. They also visited the Seme-Krake Joint Border Post, reinforcing their commitment to integrated and secure border management.The newly established framework is expected to mark a turning point in Nigeria-Benin trade relations—one grounded in transparency, digital innovation, and shared economic growth.COVER
Again, Flood Submerges Farmlands, 18 Communities in Niger

By Dan Amasingha, Minna
Flood has again submerged several farmlands in some communities in Niger State.This followed an early morning rainfall yesterday which ripped through farmĺands in Kafin Koro, Paikoro local government areas of the state.The flood also affected 18 communities in Lapai Local Government Area of the state where some farmlands were also affected, and many others at risk of being swept away.
Some of the affected communities include Dere, Eshi, Apataku, Tsakanabi, Kuchi Kakanda, Arah, Achiba, Rebba, Ebwa, Pele, Edda, Rigido, Gbami, Yawa, Baka, and Muye. The state government on Sunday re-echoed its earlier warning to riverine communities in the state to immediately relocate to higher grounds, saying the rains have intensified across the state.The Special Adviser to the Governor on Communication, Media and Strategy, Jonathan Vatsa, in a statement, appealed to communities in the affected areas to immediately relocate to a safer place to avoid further disaster in the state.Vatsa said that though the government understood the people’s attachment to their ancestral homes, there is the need for them to adhere to the government warning and relocate pending when the rains woulď be over.“We as a government will continue to be proactive by appealing to the people, especially those in the flood-prone areas, to immediately move upland to avoid the experience of the Mokwa disaster.“The government is aware of their attachments to their ancestral homes and lands, but with the various flood alerts, and what we are already experiencing, there is an urgent need for them to heed to the government’s warning.“The Mokwa experience is still very much with us, and we cannot afford a repeat of such an experience.“That is why the government is urging the people to move to a higher ground,” Vatsa said.The special adviser disclosed that the Nigerian Meteorological Agency had previously identified 15 out of the 25 local government areas in the state as very vulnerable to flooding every rainy season.The Federal Government had instructed residents of four local government areas of the state to move to safer locations as heavy rainfall was expected to trigger flooding between July 31 and August 5, 2025.This latest directive by the Federal Government follows a flood alert issued by the National Flood Early Warning Centre under the Federal Ministry of Environment, which revealed that communities in Rijau, Sarkin Pawa, Suleja, and Mashegu are at high risk of flooding during the forecast period.The Federal Government’s warning was contained in a statement titled “Flood Prediction”, signed by the Director of Erosion, Flood, and Coastal Zone Management Department, Usman Bokani, where he urged relevant authorities to take proactive measures to mitigate any disaster.While disclosing that the state government would soon embark on an enlightenment campaign to all the flood-prone communities, Vatsa called on traditional rulers, community and religious leaders to join the government in sensitising the people.NUJ, SERAP Tackle Bago over Closure of Media HouseThe Nigeria Union of Journalists (NUJ), Niger State Council, has condemned the recent directive by Governor Mohammed Umaru Bago to shut down Badeggi FM 90.1, a privately owned radio station based in Minna. The union described the move as an abuse of executive power and a threat to democratic principles.In a statement signed by the council’s Secretary, Adamu Usman Chiji, the NUJ urged Governor Bago to withdraw the closure order and follow due process. The union emphasized that only the National Broadcasting Commission (NBC) has the legal authority to issue or revoke broadcast licenses.“The media plays a critical role in holding public officers accountable,” the statement read. “Any concerns about professional misconduct should be directed to the appropriate regulatory bodies, not met with unilateral shutdown orders.”The NUJ reminded the governor that engaging the media through constructive dialogue, rather than issuing threats, is more in line with democratic norms. It also noted that a revalidation committee led by senior journalist Pastor Dan Amasingha has been established to ensure adherence to journalism ethics in the state.Meanwhile, the Socio-Economic Rights and Accountability Project (SERAP) has added its voice, issuing a 48-hour ultimatum to Governor Bago to reverse the closure and reinstate the station’s broadcasting licence.In a letter dated August 2, 2025, and signed by Deputy Director Kolawole Oluwadare, SERAP described the governor’s actions—including the revocation of the station’s license and threats to demolish its premises as arbitrary, unlawful, and a violation of both Nigerian constitutional rights and international human rights obligations.“Vague and unsubstantiated accusations of incitement cannot justify silencing critical media voices,” SERAP warned. “This move undermines press freedom and has a chilling effect on other media organisations, particularly ahead of the 2027 elections.”The group stressed that freedom of expression and media independence are vital to democracy, and warned of legal action if the state fails to comply with its demands.As of the time of filing this report, the Niger State Government has not responded to the NUJ and SERAP statements.