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FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow

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FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow

FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow

 

 

 

London, 28 November 2023 — Bloomberg announced today that FirstBank UK Limited (FirstBank UK), the UK subsidiary of First Bank Nigeria Limited, the premier West African bank, has adopted Bloomberg’s Trade Order Management System (TOMS). By integrating TOMS into its workflow, FirstBank UK will have access to a comprehensive suite of data and analytics, communications, as well as order and execution management solutions, enabling it to streamline its fixed income bonds business.

 

 

 

 

 

 

FirstBank UK is a niche market-maker to its customers in Africa. The business provides market liquidity in cash bonds, primarily in Nigerian, Angolan, Egyptian and Ghanaian Eurobonds to manage risk and optimize its inventory. Thanks to Bloomberg’s coverage, TOMS enables the trading desk of FirstBank UK to support its client base and to monitor its positions, profit and loss (P&L) and Risks.

 

 

 

 

 

 

“By integrating with our existing systems, Bloomberg TOMS provides FirstBank UK with a complete end-to-end trading workflow covering African bonds in most of our home markets,” said Olukorede Adenowo, CEO-designate at FirstBank UK.“ The solution enables us to focus on expanding our footprint in the African Fixed Income landscape and deliver a first-in-kind service to our customers in Africa.”

 

 

FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow

 

 

“We are pleased to help FirstBank UK enhance operational efficiency across its enterprise with our award-winning sell-side order management solution TOMS,” said Lisa Bravo, Global Head of Sell-Side OMS at Bloomberg. “TOMS empowers firms to create a seamless workflow from their front and middle-office, through to their operations and enterprise applications, while concurrently delivering their front office users with real-time execution, risk and P&L analytics.”

FirstBank UK has further digitized its order management workflow by offering clients access to liquidity on its own Eurobond Single-Dealer Platform. The application has been integrated with Bloomberg TOMS to centralize both order handling and aggregated custom analytics and liquidity tools within a single interface, to be hosted and connected to multiple trading venues. “The integration of TOMS with our custom-built electronic trading platform, allows our customers real-time access to liquidity in our markets, something unique to the majority of our customers,” said Robert Hagenaars, Head of Markets at FirstBank UK.

For additional information about Bloomberg’s sell-side solutions, please click here.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

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Ooni of Ife endorsed the 7th edition of the Adron Games

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Ooni of Ife endorsed the 7th edition of the Adron Games

On Sunday, October 20, 2024, top real estate firm, Adron Homes and Properties, led by its Chairman and CEO, Aare Adetola Emmanuelking, paid a courtesy visit to the Palace of His Imperial Majesty, Ooni Adeyeye Enitan Ogunwusi Ojaja II, CFR, in Ile-Ife. This visit was to seek the revered monarch’s endorsement for the upcoming ADRON GAMES 2024, scheduled to take place in November 2024 in Ibadan, Oyo State.

 

Following a week of celebratory activities for the Ooni’s milestone birthday, Aare Adetola, also known as Aare Akile Adimula Oodua, commended the Ooni for his unwavering support for real estate professionals in Nigeria. He emphasized Ooni’s significant contributions to sports development, highlighting its essential role in fostering community growth. During the visit, Aare Adetola presented a soccer ball to the Ooni, who showcased his skills with it. A framed official jersey was also gifted to symbolize the Ooni’s endorsement of the forthcoming Adron Games. This event aims to unite sports enthusiasts, real estate firms, and various stakeholders under one roof to participate in a range of indoor and outdoor competitions, with exciting prizes for winners in different categories.

 

The Ooni, through a signed letter, formally endorsed the Adron Games and expressed his intention to attend the event. He encouraged Adron Homes to continue its commitment to sports development, recognizing it as a vital unifying force for youth across the nation, transcending racial and regional divides. He also expressed gratitude to Aare Adetola and his team for their support during the Annual Olojo festival and for celebrating his birthday with generous gifts.

In his remarks, Aare Adetola highlighted that Adron Homes is honoured to collaborate with traditional rulers and contribute to the development of their communities. He extended best wishes to His Imperial Majesty for continued good health and prosperity, expressing hope for many more years of celebratory milestones. Aare was accompanied by several senior executives from Adron, including Adenike Ajobo (MD), Ihuoma (DGSM), Azuru, Emmanuel Oladapo (DAS), and several other key team members.

 

Ooni of Ife endorsed the 7th edition of the Adron Games

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Adron Homes Unveils 2024 Lemon Friday Promo: Huge Discounts and Flexible Payment Options Up to 60 Months

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Adron Homes Unveils 2024 Lemon Friday Promo: Huge Discounts and Flexible Payment Options Up to 60 Months

 

Adron Homes and Properties, Nigeria’s leading real estate company, has officially launched its highly anticipated 2024 Lemon Friday Promo, marking the ninth consecutive year of this revolutionary campaign. The promotional offer, which has transformed the lives of countless Nigerians, promises even greater opportunities for aspiring homeowners with a suite of exciting benefits and incentives.

At the official unveiling event held at Adron Homes’ headquarters in Lagos, Mrs. Adenike Ajobo, the Managing Director of the company, expressed her delight in launching this year’s Lemon Friday Promo. She highlighted how the promo has consistently created opportunities for many Nigerians to become proud property owners, offering not only affordable housing options but also an array of valuable gifts such as cows, inverter batteries, air conditioners, refrigerators, televisions, washing machines, and more.

“The Lemon Friday Promo has been life-changing for many of our customers. It reflects Adron Homes’ unwavering commitment to making housing accessible to all Nigerians, regardless of income level. This year, we’re offering an even more flexible payment plan, with options extending up to 36 months. It’s our way of ensuring that everyone, from all walks of life, can become a homeowner,” said Mrs. Ajobo.

Subscribers to the Lemon Friday Promo can enjoy up to 45% discount on various properties with a payment option of up to 60months, in addition to a variety of mouth-watering gifts including bags of rice, inverters batteries, gift vouchers, and even cows. This year’s edition continues to cater to the needs of all Nigerians, ensuring that Adron Homes’ properties remain affordable, accessible, and appealing to a diverse clientele.

With properties spanning Lagos, Abuja, Ogun, Oyo, Osun, Nasarawa, Niger, Ekiti, and Plateau States, Adron Homes has been at the forefront of reducing Nigeria’s housing deficit by providing secure, comfortable, and affordable housing solutions. The Lemon Friday Promo is a shining testament to Adron Homes’ dedication to creating a sense of community while promoting homeownership across the country.

“At Adron Homes, we pride ourselves in our ability to create communities that foster togetherness. This year’s Lemon Friday is not just about offering homes, but about building family-centric communities where people can thrive,” Mrs. Ajobo added.

The 2024 Lemon Friday Promo is set to surpass previous editions in scale, benefits, and impact, embodying the core values of Adron Homes: affordability, accessibility, and community building. This is a once-in-a-lifetime opportunity for Nigerians to own property while enjoying significant savings and exclusive gifts.

Don’t miss out on this life-changing opportunity! Take advantage of the 2024 Lemon Friday Promo and become a proud property owner with Adron Homes today.

For more information on how to subscribe and benefit from this offer, visit Adron Homes’s official website or send a DM on our social media platforms.

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Why We Want To Change FIRS Name – Adedeji

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FIRS allays fears over tax reform, denies new taxes

Why We Want To Change FIRS Name – Adedeji

The Chairman of the Federal Inland Revenue Service, Zaccheus Adedeji, on Wednesday, explained the need for the change of the FIRS to the Nigeria Revenue Service.

 

Mr Adedeji, while appearing before the House of Representatives Committee on Finance, explained that the current name does not reflect the true function of the agency, and limits its power to carry out functions.

It would be recalled that President Bola Tinubu sent four bills on tax reform to the National Assembly for passage.

 

One of the bills, the Nigeria Revenue Service Act repeals the FIRS Act, and also makes a name change.

 

The other bills are the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board Establishment Bill.

 

Mr Adedeji explained that the “federal” and “inland” in the current name limit the powers of the commission.

In case of “federal”, he stated that the agency currently collects money for federal, states and local governments with the VAT collection.

 

He noted that the agency equally collects funds outside the shores of Nigeria from Amazon, Google and others, hence, the agency cannot be called “inland”.

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