Business
African Researchers hold Symposium on Africa’s Development
African Researchers hold Symposium on Africa’s Development

A group of African researchers under the name Alafarika for Study and Consultancy had recently on August 26 and 27, 2022 organized a virtual symposium titled “Knowledge Creation and Dissemination in Africa”, which researchers in African affairs from Morocco, Nigeria, Mali, Mauritania, Egypt, and the Central African Republic participated to come up with model for African Development. The participants commended the initiative for giving great importance to knowledge, its creation and dissemination, and considering it an initial and basic building block for developing and progressing in Africa.
The two-day session which dealt with a series of issues related to influencing African policy and politics with knowledge, the process of knowledge management for development; the role of the media in creating knowledge societies; and the challenges facing academic publishing and its potential solutions. The symposium also touched on the relationship between philosophy and human development in the African context and how revolutions and movements demanding change can be directed based on the knowledge that provides answers to the state-building and development that the continent needs in the twenty-first century and the digital age, in addition to the potential of investigative and data journalism to contribute to Africa’s prosperity.
Talking about creating knowledge societies and influencing African politics, the speakers revealed that consultancy institutions are one of the means of influencing knowledge creation processes if these institutions are rooted in local issues and are experts in initiatives that touch the needs of the population and citizens. The speakers stressed that civilizations and advanced societies throughout history have depended on knowledge and actors in disseminating human sciences. Despite the lack of interest of some current African governments in knowledge, its means and tools for its dissemination, the history of Africa, its civilizations and kingdoms in different regions confirmed that Africa has rich experience in this regard. What is required today is to study these historical achievements and support the creativity of young people that may limit the brain drain in many African countries, in addition to attaching the utmost importance to educational institutions and their outputs.
They stressed that knowledge management is a necessary process for development because it relates to many sensitive areas and is an essential means of successful management and that it elevates knowledge to the forefront of any government or political system’s success by emphasizing the knowledge capabilities of individuals, universities, and research institutions that facilitate access to knowledge, participation in it, distribution, preservation, and retrieval.
Talking about the impact of globalization and the rapid technological change in human societies, the speakers make knowledge the basis of domination and influence. Stating that all indicators show the strength of tomorrow’s world will be determined by the interest in human capital and the exploitation of the energies and capabilities of the continent’s population in sustainable human development. In terms of knowledge management and development, they are of the belief that there is a need to move from theories to real-life applications to meet the challenges of the continent and the rapid transformations in all fields without neglecting data technologies, which collect and categorize information to enable users of knowledge systems and services to access them when necessary. Pointing that all of these can be achieved through interviews and dialogues with experts and actors in national development policies, humanities, and modern methods that reflect positively on African societies and enable African countries to compete globally.
African Media Institutions are tasked with the process of creating knowledge society at a time when global media ignore the role of Africans in crystallizing global knowledge and the information explosion, without overlooking the fact that digital media plays some of the roles of traditional media, influencing different African societies and stages. Media roles are however agreed not be limited to the use of various means to highlight developments and experiences in African countries, their civilizations and history or to publicize their tourism sectors. Taking the information revolution and technological innovations the continent’s youth seize today in Nigeria, Kenya, South Africa, Egypt, and other African countries to develop the financial, agricultural, and health sectors into consideration, the relationship between the media and the dissemination of knowledge shows a relationship of mutual influence that can be observed in concepts related to human values, the crucible of communication and understanding.
Another means of developing and changing society is the process of scientific research and academic publishing. It was also agreed that one of the tools through which sustainable development can be achieved thereby addressing the challenges facing academic publishing in Africa and the weak governmental attention to the results of research projects and recommendations of conferences and research sessions that may contribute to promoting development.
While one of the crisis facing academic publishing in Africa is lack of publishing and distribution centres for works, academic books, and scientific journals within Africa, without forgetting that education curricula and teaching methods in several African countries are rooted in the colonial era and ideas that strengthen Western scientific institutions while weakening African scientific institutions that are already short of the necessary infrastructural resources.
Speakers in the “Knowledge Creation and Dissemination in Africa” symposium also pointed out that African philosophy can help us understand the problems facing the creation of knowledge and enhance the patterns of knowledge production that the continent needs. Furthermore, studying African history and philosophy may determine the African position towards modern science and contemporary issues, especially since knowledge based on African philosophical foundations may transform African societies into freer societies and can provide answers to the most important factors contributing to political, social, and economic inequality.
The COVID-19 crisis has shown the repercussions of the lack of independent and effective scientific research, sufficient scientific and technological resources, and the lack of manufacturing capabilities in the global south in general and Africa in particular. As a result, most African health care systems relied on the so-called “goodwill” of the global north and foreign vaccines.
The symposium also highlights that recent protests and political transformations in Africa indicated that most movements calling for change were not based on knowledge foundations that meet the state-building processes Africa needs in the twenty-first century. This is despite the fact that between 2005 and 2014, 40 out of 54 countries on the African continent witnessed widespread protests and uprisings in their various forms at the local and national levels. The knowledge equation lies in the repeated mistakes of these movements and that some of these uprisings often exacerbate the situation in the countries where they occur. Knowledge gaps can also be seen in the ideologies and parties that refuse to bring about the continent’s desired social and political changes.
In conclusion, the participants praised the role of investigative and data journalism in promoting African prosperity based on knowledge, as data and statistical information should contribute to achieving good governance and revealing corporate and institutional corruption and social injustice, in addition to presenting powerful and influential stories and revealing the truth. Thus, data is a mirror to confirm or deny a particular phenomenon or issue and a means of exploring its direction and foreseeing its future trend.
Bank
Union Bank Honoured by ASBON at Nigeria National SME Business Awards
Union Bank Honoured by ASBON at Nigeria National SME Business Awards
Lagos, Nigeria – Union Bank of Nigeria has reaffirmed its reputation as a strong supporter of Nigerian businesses, receiving the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria (ASBON) at the Nigeria National SME Business Awards, held recently in Lagos.
The award was presented to the Bank in recognition of its strategic leadership in advancing the growth and resilience of small and medium-sized enterprises, through a differentiated suite of solutions designed to enable business expansion and long-term value creation.
Receiving the award on behalf of the Bank, Ayokunnumi Abraham, Head of SME Segment at Union Bank, described the recognition as a strong endorsement of the Bank’s commitment to supporting small and medium-sized businesses. He said:
“We are honoured to receive this recognition, which reflects Union Bank’s continued commitment to helping SMEs grow by making banking simpler, faster, and more accessible. Through enhancements to our specialised platforms such as Union360, we have meaningfully reduced the time it takes for businesses to come on board and begin transacting. These improvements have shortened onboarding, increased digital adoption among our SME customers, and supported the acquisition of new business clients. Our focus remains on delivering practical solutions that help Nigerian businesses thrive.”
Organised by ASBON in partnership with the Lagos State Government through the Ministry of Commerce, Cooperatives, Trade and Investment, the event convened stakeholders from the public and private sectors to recognise individuals and organisations driving meaningful impact across Nigeria’s SME ecosystem.
Union Bank remains focused on deepening its support for SMEs through customer-led solutions and processes that strengthen business growth across the ecosystem.
Bank
Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion
*Atlantian Crown Bank Rebrands as Arizona Global Bank LLC, Begins Licensing for Global Expansion*
_By AGP News
*UNITED KINGDOM OF ATLANTIS* — In a move signaling a push into international markets, the Royal Throne of the United Kingdom of Atlantis on Sunday announced the corporate transformation of Atlantian Crown Bank LLC into *Arizona Global Bank LLC*, as part of a wider restructuring to position the institution for global banking and financial innovation.
The announcement was made at a press conference in the UKA capital by *HRM Queen Amb. Cletus C. Leaticia*, Chief Executive Officer of the newly named bank. She told reporters the rebranding marks _“more than a name change”_ and reflects a strategic pivot toward digital finance, cross-border investment, and modern banking standards.
_“This transformation represents our commitment to innovation-driven banking and our vision to become a globally competitive financial institution,”_ Queen Leaticia said.
*Licensing Process Underway*
According to the Department of Financial Administration and Corporate Affairs, which issued the official communication, Arizona Global Bank LLC has formally begun the process of applying for a *Banking Operational Licence* under UKA’s financial regulatory framework.
Once licensed, the bank plans to operate as a modern financial enterprise focused on four pillars:
1. Innovation-driven banking and digital financial solutions
2. Corporate financing and structured investment services
3. International financial partnerships and cross-border trade facilitation
4. Financial inclusion initiatives
Bank officials stressed that the institution will _“maintain strict compliance with all banking regulations and supervisory standards”_ set by UKA financial authorities.
*Strategic Shift Amid Global Ambitions*
Management described the rebranding as part of a broader restructuring initiative to _“strengthen the bank’s international identity, expand its global financial footprint, and align operations with contemporary banking standards.”_
Representatives called the licensing and rebranding process a _“major milestone”_ aimed at supporting economic growth, international trade, and cross-border investment initiatives.
*No Disruption to Existing Commitments*
Addressing potential concerns from clients and partners, management reassured stakeholders that _“all existing institutional commitments, operational objectives, and long-term strategic plans remain fully intact throughout the transition process.”_
The Royal Throne indicated that further updates on the licence approval, commencement of operations, corporate partnerships, and investment programmes will be released through official UKA and Arizona Global Bank LLC channels.
_The Department of Financial Administration and Corporate Affairs, Royal Throne of United Kingdom of Atlantis, issued the official statement._
Bank
Fidelity Bank grows Gross Earnings by 45.6% for FY 2025
Fidelity Bank grows Gross Earnings by 45.6% for FY 2025
Lagos, Nigeria – Fidelity Bank Plc, a leading Nigerian financial institution, has announced its audited financial results for the year ended 31 December 2025, reporting Gross Earnings growth of 45.6% from N1.04 trillion in 2024 to N1.52 trillion in FY 2025, reflecting stronger topline momentum across core business segments.
The Group recorded a Profit Before Tax of N347.7 billion. This performance was underpinned by a 38.7% year-on-year increase in interest income to N1.11 trillion (FY 2024: N803.1 billion) and a 44.7% year-on-year rise in fees and commission income to N113.4 billion (FY 2024: N78.4 billion).
On the balance sheet, total assets grew by 18.6% year-on-year to N10.46 trillion (FY 2024: N8.82 trillion), while customer deposits increased by 16.1% year on year to N6.89 trillion (FY 2024: N5.94 trillion), reflecting continued franchise strength and growing customer confidence in the brand. Net loans and advances declined by 2.4% year-on-year to N4.28 trillion (FY 2024: N4.39 trillion) as customers paid down on their mature obligations.
The Bank also strengthened its capital position during the period, with eligible capital rising to N561 billion, above the regulatory minimum of N500 billion for banks with international authorisation. In addition, capital adequacy remained robust, with Capital Adequacy Ratio of 30.94 percent as at 31 December 2025 (FY 2024: 23.47 percent).
Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.
The Bank is the recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.
-
news5 months agoWHO REALLY OWNS MONIEPOINT? The $290 Million Deal That Sold Nigeria’s Top Fintech to Foreign Interests
-
society1 week agoSOCIAL MEDIA IS NOT A BATTLEFIELD COMMAND – WHY THE NIGERIAN ARMY’S ACTION AGAINST JUSTICE CRACK IS A NATIONAL SECURITY IMPERATIVE
-
celebrity radar - gossips4 months agoDr. Chris Okafor Returns with Power and Fire of the Spirit -Mounts Grace Nation Altar with Fresh Anointing and Restoration Grace on February 1, 2026
-
celebrity radar - gossips5 months agoProphet Kingsley Aitafo Releases 2026 Prophecy: ‘Nigeria Will Rise, but the World Must Prepare for Turbulence’

