Business
Exposed : Intimate secrets of New CBN deputy, Edward Adamu
Penultimate Monday, the first meeting in 2018 of the Monetary Policy Committee, MPC of the Central Bank of Nigeria, CBN was aborted. It was the first time in a long while that the meeting would fail to hold.
Reason? Available members could not form a quorum. Since then, three appointments have been announced to either fill the vacant positions exited by the deputy governors in charge of Economic Policy, Sarah Alade, and her colleague in the Corporate Services department, Suleiman Barau, who retired last year.
The latest appointee by President Muhammadu Buhari is Edward Adamu, the current Director of Human Resources at the CBN, who has already been selected to replace Mr. Barau as the new Deputy Governor.
Born on June 22, 1959 in Kaltungo Local Government Area of Gombe State, Mr. Adamu has a degree in quantity surveying from Ahmadu Bello University, Zaria. A fellow of the Nigerian Institute of Quantity Surveyors, he is 57 years old.
Mr. Adamu has several postgraduate professional certifications from the Institute of Credit Administration of Nigeria, Wharton School, USA, INSEAD France, Chicago Booth & IMD Switzerland.
He is a member of several professional bodies, namely the Nigerian Institute of Quantity Surveyors; Project Management Institute, USA; International Knowledge Management Institute, USA; International Society for Performance Improvement, USA; and the Association of Project Managers, UK.
Mr. Adamu was employed by the CBN in June 1992. In 2012, he was appointed Director of the Strategy Management Department responsible for the articulation of strategy to deliver the mandate of the bank.
As director of strategy, he was a member of the Monetary Policy Implementation Committee and the Financial Services Regulatory Coordination Committee as well as an observer at the MPC.
Between 1992 and 2003, Mr. Adamu served in several offices of the Engineering Services Department of the CBN handling Project Conception, Evaluation, Contract Documentation, Cost Planning & Control, Project Implementation and Closure of several projects of the Bank, including the current CBN Head Office Abuja. He rose from the position of a Manager to an Assistant Director.
In 2004, he was an Assistant Director and Head of the Non-core Team under a Re- engineering and Re-structuring programme (Project EAGLES) undertaken to re-position the CBN working with Accenture Consulting.
In 2005, Mr. Adamu led the Knowledge Management Team to supervise the development of CBN’s Knowledge Management Framework.
In 2006 as a Deputy Director, he served as CBN’s Head of Business Support Division in charge of portfolio of teams and functions, including Knowledge Management, Records Management, Strategic Alliance and Price Intelligence.
In 2008, he was seconded for two years to the Gombe State government to set-up and run a strategic framework for best practices in procurement.
In 2010, he served as Programmes Director (Head of the Projects Planning & Implementation Division) in charge of multi-dimensional large scale projects for the CBN.
In 2016, Mr. Adamu was appointed Director, Human Resources Department in charge of developing the human capital assets of the bank.
He is a member of several Board and Project Steering Committees of the Bank, including Budget; Staff Matters; Pension Fund Management; Establishment, Enterprise Learning, Assets Disposal and REAL SPARC Project.
He is married with four children
Fidelity Bank Plc Wins 2025 DBN Innovation Award for MSME Support
In recognition of its exceptional contributions to innovative financial solutions for Micro, Small, and Medium Enterprises (MSMEs), Fidelity Bank Plc has been awarded the 2025 Development Bank of Nigeria (DBN) Innovation Award in the Deposit Money Bank (DMB) category.
This prestigious accolade celebrates Fidelity Bank’s commitment to addressing the unique challenges faced by MSMEs, a vital segment in Nigeria’s economic growth.
Dr. Nneka Onyeali-Ikpe, MD/CEO of Fidelity Bank Plc, commented on the award, reaffirming the bank’s dedication to empowering Nigerian entrepreneurs: “At Fidelity Bank, innovation is at the heart of our strategy to support MSMEs. This recognition underscores our commitment to developing scalable, inclusive, and technology-driven financial solutions that create positive outcomes for our nation’s entrepreneurs. We are honored to receive the DBN award and dedicate it to our loyal customers for their continued support.”
The award was presented at the 2025 Service Ambassadors’ Awards ceremony in Lagos, themed ‘Enhancing Partnership for MSME Resilience and Growth.’ Tony Okpanachi, Managing Director of DBN, emphasized the importance of financial institutions in transforming unbankable ideas into viable businesses through advisory services.
“You, our partners, are acknowledged and celebrated for your outreach to entrepreneurs and businesses seeking to scale. We appreciate you for your role in converting unbankable ideas into bankable businesses,” Okpanachi stated.
He noted that the award aims to recognize partners who make a significant impact, focusing on storytelling and the positive changes they bring to Nigeria.
This award joins a series of landmark initiatives by Fidelity Bank aimed at supporting MSMEs. Earlier in May, the bank signed a Memorandum of Understanding (MOU) with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to facilitate the expansion of Nigerian MSMEs across Africa.
Additionally, Fidelity Bank launched the Fidelity SME Hub in Gbagada, Lagos—a multifunctional facility equipped with training halls, meeting rooms, networking spaces, and studios for music, photography, and content production. This hub is designed to foster innovation, collaboration, and capacity-building, essential elements for strengthening Nigeria’s SME ecosystem and driving economic growth.
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.
Business
Adron Homes Launches Grand Ileya Promo with Massive Discounts, Star Appearances & Festive Gifts
Wear It All Luxury Opens New Abuja Boutique with Star-Studded Ceremony
Four years after successfully reopening its flagship store in Lekki Phase 1, Lagos, following a major renovation, Wear It All Luxury, the upscale fashion brand owned by renowned entrepreneur, Sodiq Babatunde Rufai, has expanded its presence with the launch of a new boutique in Abuja.
The grand opening, held on Thursday, 22nd May 2025, at Libreville Crescent, Wuse 2, Abuja was a star-studded affair that brought together influential personalities from the fashion, entertainment, and business worlds. Among the high-profile guests in attendance was Afrobeats superstar Davido, whose presence added further glamour to the launch event.
Located in the heart of the capital, the new Abuja boutique is poised to offer the same top-tier fashion experience the brand is known for, curated luxury pieces, exclusive designer wear, and impeccable customer service tailored for Nigeria’s elite fashion lovers.
Speaking at the event, Sodiq Babatunde Rufai expressed his excitement about the brand’s expansion, stating, “This is more than just a store opening, it’s a statement that Nigerian fashion continues to grow and thrive. We’re proud to bring the Wear It All experience to Abuja, and we remain committed to setting the pace in luxury fashion across the country.”
The Abuja outlet joins the Lagos boutique in offering high-end fashion collections from globally recognized brands, as well as unique pieces under the Wear It All Luxury private label.
Guests were treated to a private showcase of the brand’s latest collections, light entertainment, and a luxurious atmosphere that perfectly reflected the Wear It All Luxury ethos.
As the fashion house continues to expand, industry watchers say the brand’s entry into the Abuja market marks another major milestone in Nigeria’s growing luxury fashion landscape.
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