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Business Leaders Guide Youth on Turning Passion into Profit at Stanbic IBTC’s YLS

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Stanbic IBTC Ranks Top 3 in LinkedIn’s Best Places to Work

Business Leaders Guide Youth on Turning Passion into Profit at Stanbic IBTC’s YLS

Stanbic IBTC Holdings PLC, Nigeria’s leading end-to-end financial services organisation, held the 2021 edition of its Youth Leadership Series (YLS) on Thursday, 08 April 2021. The event held virtually this year due to the pandemic. Youths from across Nigeria and various parts of the world including the UK, USA and UAE were in attendance.

Dr Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC, delivered the opening address. He stated that the YLS was birthed as an avenue to engage and empower young Nigerians into becoming future business leaders. He pointed that the youth made up over 50 percent of Nigeria’s population. Dr Sogunle asserted that the organisation remained committed to the vision of grooming young Nigerians and providing guidance in order to become successful in every sphere of life.

He said, “The Nigerian youth require support, guidance and empowerment to propel them to the pinnacle of their various fields. The innovative projects and tech disruptions championed by the youth in virtually every sector are proof of their ingenuity, skill, brilliance and resourcefulness. At Stanbic IBTC Holdings PLC, we believe in breaking boundaries, hence our tagline, IT CAN BE, which is hinged upon the premise that everything is possible as long as we are dedicated and put in the requisite effort to make it work.”  

The 2021 edition of YLS was themed ‘WINNING’ and had an array of well-versed speakers in the areas of trading and investments, building businesses and monetising with social media. These speakers shared their invaluable entrepreneurial experiences, challenges and success stories in three (3) breakout sessions, much to the delight and admiration of the youthful audience in attendance.

Debo Adebayo; an entertainer better known as Mr. Macaroni, spoke during the ‘Winning with Social Media’ breakout session. He said his passion and urge to succeed propelled him into the business of entertainment. He added that having realised he wanted more visibility; he invested in himself from his meagre resources.

He advised youths to be passionate about their cause, and added that with passion, resilience could be sustained in the face of debilitating challenges.

Ms. Ifedayo Agoro, the founder of Diary of a Naija Girl (DANG), an online lifestyle website, revealed that the need to be heard and give women a voice made her leave a thriving career in the oil and gas industry and started her online community. She noted that although she did well in her career, she was unhappy until she found fulfilment with DANG.

She said the first six months were not encouraging as many people didn’t really understand her vision, but she kept at it.  “Winning doesn’t only involve consistency, it also involves constantly adapting to change”, she added.

At the ‘Winning with Entrepreneurship’ breakout session, the duo of Olumide Soyombo, co-Founder, Bluechip Technologies and Tracy Batta, co-Founder, Smoothie Express addressed business strategic moves, that included the rudiments of nurturing businesses. The panellists shared their experiences and entrepreneurship journeys with the participants.

Soyombo alluded that it was common to encounter challenges and uncertainty with business start-ups and advised entrepreneurs to remain flexible and well adapted to the ever-changing business climate.

On ‘Winning with Investments’, Akin Bamidele Akintola, Head of Equity Sales, Stanbic IBTC Stockbrokers, emphasised the need to make adequate preparations for the future. He explained that it was better to save in investments such as stocks and mutual funds, as the economy was largely unpredictable.

Co-founder of Bamboo Invest, an investment platform that allows Nigerians to invest in United States stocks, Yanmo Omorogbe said her major challenge was getting funding and investors before the pandemic. She advised people to believe in themselves, improve pitching skills and be persistent. She also stated that when entering any investment business, it was important to know the regulators. 

As Wole Adeniyi, Chief Executive, Stanbic IBTC Bank PLC, gave his closing remarks, he assured thousands of the participants at the event that Stanbic IBTC would  continue to make productive investments in the lives of the younger generation, as well as providing the needed financial solutions that would help them achieve their dreams.

The general takeaway from this year’s YLS was that consistency, passion, self-development and value-addition remained essential ingredients for winning.

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U.S. Tech Powerhouse Joe Lonsdale Pumps $11.7M into Nigerian Defence Drone Startup and A Strategic Turning Point for African Security and Innovation

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U.S. Tech Powerhouse Joe Lonsdale Pumps $11.7M into Nigerian Defence Drone Startup and A Strategic Turning Point for African Security and Innovation. By George Omagbemi Sylvester | Published by saharaweeklyng.com

U.S. Tech Powerhouse Joe Lonsdale Pumps $11.7M into Nigerian Defence Drone Startup and A Strategic Turning Point for African Security and Innovation.

By George Omagbemi Sylvester | Published by saharaweeklyng.com

“How Terra Industries, Led by Gen-Z Founders, Aims to Secure Africa’s Critical Infrastructure with Homegrown Autonomous Systems.”

 

In a landmark development that could reshape Africa’s security technology landscape, American tech billionaire and Trump ally Joe Lonsdale has led a significant $11.7 to 11.8 million funding round into a Nigerian defence technology startup, Terra Industries (formerly Terrahaptix). The investment round, led by Lonsdale’s venture capital firm 8VC, marks one of the largest ventures into Africa’s nascent defence tech sector and signals growing global investor confidence in African innovation grounded in real security challenges.

This strategic infusion of capital has immediate geopolitical, economic and technological implications, but not just for Nigeria but for the entire African continent. It offers hope that African nations can one day escape dependence on foreign military hardware by developing homegrown capabilities tailored to local realities.

 

Terra Industries: A Homegrown Response to African Security Needs.

Founded in 2024 by two young Nigerian entrepreneurs, Nathan Nwachuku (22) and Maxwell Maduka (24), Terra Industries is more than just a drone maker. Based in Abuja, the company develops and manufactures sophisticated autonomous systems (including long-range and mid-range drones, autonomous sentry towers and (UGVs) unmanned ground vehicles) designed to enhance surveillance, threat detection and response in areas where traditional security forces are overstretched.

 

According to official statements, Terra’s systems are already deployed to protect critical infrastructure valued at an estimated $11 billion, including hydropower plants in Nigeria and mining operations (gold and lithium) in Ghana. These are facilities that form the backbone of industrial expansion across West Africa but are increasingly vulnerable to insurgent attacks, sabotage and theft.

 

Terra’s mission encapsulates a pivotal shift: “to give Africa the technological edge needed for resource protection and counterterrorism,” co-founder Nwachuku emphasized, underscoring the urgency of addressing insecurity if economic progress is to endure.

 

Joe Lonsdale and 8VC: Strategic Capital Meets African Security Tech.

Joe Lonsdale, co-founder of Palantir Technologies and founder of 8VC, has long been a driving force in the global defence-tech ecosystem. His involvement in Terra’s funding round highlights a new frontier: Africa’s security challenges as a technology market.

 

8VC’s broad investor base in this round includes heavyweight venture firms such as Valor Equity Partners, Lux Capital, SV Angel, Leblon Capital GmbH, Silent Ventures LLC, Nova Global and angel investor Meyer Malka. As noted by multiple reports, Alex Moore (a partner at 8VC and a non-executive director at Palantir) has also joined Terra’s board, signaling a deep and sustained commitment beyond mere capital.

 

This backing places Terra in an elite category of high-potential defence startups at a time when global investors are increasingly targeting deep tech and sovereign security solutions. According to TechCabal, Terra’s seed round “sets it apart from a wave of smaller regional players” and signals rapid growth in investor confidence in organisations that offer scalable hardware and software defence solutions.

In the words of a respected global security analyst, “Investment in Africa’s defence tech is a defining moment, where necessity intersects with innovation. Investors today recognise that insecurity is not just a social problem but an economic barrier that tech can help dismantle.”

 

Why This Investment Matters: Africa’s Insecurity Landscape.

Africa’s security environment has deteriorated sharply in recent years, especially across the Sahel and West Africa. Extremist groups, including factions linked to Islamic State and al-Qaeda, have expanded operations from Mali through Burkina Faso to Nigeria. Governments struggle with stretched security forces, limited budgets and vast terrains that are difficult to monitor using conventional methods.

 

In this context, autonomous systems (drones, sensors, and networked defence platforms) can play a decisive role in deterrence, early warning and operational response. According to defence industry expert Dr. Marcus Rockefeller, “Autonomous technologies are the force multipliers of the 21st century. They allow nations with limited manpower to monitor vast areas, respond faster and reduce human risk in dangerous environments.”

 

Terra’s focus on integrating hardware and software into a comprehensive platform (reportedly including an operating system known as ArtemisOS) creates a sophisticated, unified battlefield picture that security forces can leverage in real time. This approach mirrors trends in Western defence tech but is uniquely tailored to African terrains and threats.

 

The Implications for Nigeria’s Industrial and Security Policy.

Nigeria, Africa’s largest economy, has long battled domestic and regional security threats, from Boko Haram and ISWAP in the northeast to banditry in the northwest. Despite decades of military spending, reliance on imported hardware and foreign training programmes, substantive progress has been elusive.

 

Terra’s rise signals a potent alternative: local innovation forging local solutions. As the World Bank notes, investment in technology and infrastructure resilience is essential for sustainable growth. Local manufacturing (especially in high-tech sectors) boosts job creation, builds technical ecosystems, and reduces dependency on external suppliers.

 

Professor Nkechi Onyema, an expert in African industrial development, observes: “When young Africans solve African problems, the solutions are not just technologically sound but contextually relevant. This is the moment Africa needs an era where we do not just import defence tech but pioneer it.”

 

What’s Next: Scaling, Security and Global Partnerships.

The new funding will be directed toward expanding manufacturing capacity, deepening Terra’s software capabilities, and supporting broader cross-border security and counter-terrorism deployments across Africa. Terra has signaled its ambition to become Africa’s first true defence prime which is a company capable of serving governments, infrastructure operators and strategic partners with scalable, sovereign technology.

 

Analysts say this model could reduce Africa’s reliance on foreign defence contractors and a dependency that historically left African governments beholden to external geopolitical interests.

Yet challenges remain: ensuring ethical use of autonomous systems, regulatory frameworks across multiple jurisdictions and balancing defence and civil liberties remain complex. Still, as African security landscapes evolve, the need for smart, local and scalable solutions is undeniable.

 

Final Take.

Joe Lonsdale’s investment in Terra Industries is more than a financial transaction, though it is a strategic vote of confidence in Africa’s capacity to lead technologically in the face of its greatest security challenges. It is a call to action for governments, private sector partners and young innovators across the continent to unite around a shared vision: security forged with African ingenuity and global collaboration.

 

In the words of Terra co-founder Nathan Nwachuku, “The future of African security must be shaped by Africans. We are determined to lead that future with solutions that are powerful, affordable and built for us.”

 

This pivotal moment is not just about drones. It is about Africa asserting technological sovereignty and a future where African defence innovation stands shoulder-to-shoulder with the world’s best.

U.S. Tech Powerhouse Joe Lonsdale Pumps $11.7M into Nigerian Defence Drone Startup and A Strategic Turning Point for African Security and Innovation.

By George Omagbemi Sylvester | Published by saharaweeklyng.com

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Adron CEO Restates Support for Traditional Institutions During Oyo Palace Visit

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Adron CEO Restates Support for Traditional Institutions During Oyo Palace Visit

 

The Chairman, Adron Homes and Properties Limited, Aare Adetola Emmanuel-King, has reiterated the company’s unwavering commitment to Nigeria’s cultural diversity and traditional institutions during a courtesy visit to the Alaafin of Oyo, His Imperial Majesty, Oba Abimbola Akeem Owoade I.

According to the Adron CEO, the visit reflects the company’s belief that national development must be anchored on respect for heritage, culture, and indigenous authority across all ethnic nationalities.

“Nigeria’s greatest strength lies in its diversity. At Adron Homes, we recognise that culture and tradition are not obstacles to development, but the very foundation upon which sustainable progress must be built,” Emmanuel-King stated.

He emphasised that Adron Homes’ engagement with traditional institutions is inclusive and nationwide, cutting across regions and ethnic lines as part of its broader vision for unity and shared prosperity.

“Our respect for traditional institutions is not limited to any one region. We honour royal fathers across Nigeria because they are custodians of our identity, values, and social stability,” he added.

The Adron Chairman noted that the company’s expanding footprint across several states continues to contribute to housing delivery, job creation, and economic empowerment, while aligning modern real estate development with indigenous values.

“We remain committed to building communities that serve present needs without eroding the cultural heritage that future generations must inherit,” Emmanuel-King said.

He further reaffirmed Adron Homes’ readiness to support initiatives that promote cultural preservation, tourism, and community development, stressing that collaboration between the private sector and traditional institutions is vital for inclusive national growth.

In his response, the Alaafin of Oyo, Oba Abimbola Akeem Owoade I, commended Adron Homes for recognizing culture and tradition as pillars of development, offering royal prayers for the company’s leadership, continued success, and the peace and unity of Nigeria.

The visit concluded with royal blessings and goodwill, reinforcing Adron Homes’ position as a corporate brand committed to cultural solidarity, inclusivity, and a diverse future for Nigeria.

 

Adron CEO Restates Support for Traditional Institutions During Oyo Palace Visit

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BUA’s Abdul Samad Rabiu Promises $1.5m Windfall, Goal Bonuses as Super Eagles Fly Past Algeria

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BUA’s Abdul Samad Rabiu Promises $1.5m Windfall, Goal Bonuses as Super Eagles Fly Past Algeria

BUA’s Abdul Samad Rabiu Promises $1.5m Windfall, Goal Bonuses as Super Eagles Fly Past Algeria

 

 

Nigeria’s Super Eagles have received a major morale and financial boost following their emphatic victory over Algeria, as billionaire industrialist Abdul Samad Rabiu announced a multi-million-dollar incentive package to spur the team toward Africa Cup of Nations glory.

 

 

In a statement posted on his verified Facebook page on Friday, the BUA Group chairman congratulated the players on their “brilliant victory against Algeria,” describing the performance as one that lifted the spirit of the nation and rekindled national pride.
“You have lifted the spirit of the nation, and we proudly cheer you on as you prepare for the semi-finals,” Rabiu wrote.

 

 

 

To further motivate the team ahead of the crucial semi-final encounter, Rabiu pledged USD $500,000 to the players upon winning the match, with an additional USD $50,000 bonus for every goal scored.

 

 

 

The incentives rise significantly should the Super Eagles advance to the final and emerge champions. Rabiu announced a further pledge of USD $1,000,000 for winning the final, alongside a USD $100,000 reward for each goal scored in the decisive match.

 

 

The announcement has generated widespread excitement among football fans and analysts, who view the gesture as a strong vote of confidence in the team’s ability to go all the way in the tournament.

 

As Nigeria prepares for the semi-final showdown, Rabiu concluded his message with a patriotic rallying call, urging the players to continue carrying the nation forward and to “keep making Nigeria proud.”

 

 

BUA’s Abdul Samad Rabiu Promises $1.5m Windfall, Goal Bonuses as Super Eagles Fly Past Algeria

With continental glory, national honour, and substantial financial rewards at stake, the Super Eagles head into the next round buoyed by belief, momentum, and the backing of an appreciative nation.

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