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Interview: Ayodeji Emmanuel CEO of fourcorner magazine speaks with Crib Tv

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Talking with Crib tv,Ghana, this is what the young entrepreneur had to say:

How old is Four Corner Magazine and what has been the challenge so far in initiating it?

Four Corner Magazine is four years old. It is not easy for me. I don’t have sponsors now.
Many people promised to help me along the way but most never did. I started Four Corner
magazine with zero naira. What I did was, I created a page on Facebook. I started posting news updates there for people to read.
From there, I got a lot of people on my page. I did that for almost a year before I lunched my first magazine website. I just lunched new andworld class magazine website: www.fcmnews.com.

Kindly,continue to read more excerpts from the interview.

My name is Famuagun Ayodeji Emmanuel. I am from a polygamous family, the fourth of my mother’s children. I had both my primary and
secondary education in Ondo state. I am in my final year in Olabisi Onabanjo university Ogun State- Mass Communication.

What are your hubbies?
Reading and watching football. I am a
Manchester United fan. I listen to the messages and speeches of great minds a lot. They inspire a lot.

How do you unwind?
Going to see movies and hanging out with friends

How has your journey into the media world been?
Very challenging and very educating I must say. It all started when I was in the first year of my studies. I was exposed to so many things. One of my lecturers Mrs. Ajibola used to advise us on what we could do for ourselves when we were still in school. She told us about her daughter, how she started her own show on radio with zero naira. This inspired me a lot. I said to myself “Deji you can do something good.” That was how everything started for me.

For the benefit of those who don’t know what you are into, kindly tell us what you do?
I am a publisher. A blogger. I have an online magazine- Four Corner Magazine.

What other things do you do besides being a publisher?
Like I said early, I am still a student. I am a writer,a movie producer and radio presenter. I also have a movie academy where I groom talent.

What’s your take on the present state of the Nigeria’s media industry, do you think it is doing well enough, any affecting factors?
Yes. I think we are doing well. However, we still need to be objective in this job. The society deserves objective information.

Are you working on any other project apart from the one you have told us, that you can exclusively reveal to us?
Yes. At present, I am working on a project- a TV series that will be aired all over Africa. I use this medium to invite individuals to sponsor this project.

Finally, where do you see yourself 5-10 years from now?
With God on my side I hope to see myself as one of the biggest house hold names in the media business in Nigeria and Africa.

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Naira devaluation’s fake news, says CBN

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Naira devaluation’s fake news, says CBN

Naira devaluation’s fake news, says CBN

 

 

 

 

The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Importers and Exporters’ (I&E) window.

 

 

 

 

 

A top official of the apex bank, who told this medium that the report is completely false , warned that such reports could have serious adverse consequences for the economy.

 

Naira devaluation’s fake news, says CBN

 

 

According to the top official, the CBN has not changed its strategy of allowing a gradual convergence of the parallel and official market exchange rates.

 

 

 

 

“The report is not true. The CBN has not devalued the naira. The exchange rate of the naira on the FMDQ website as at yesterday was N464.67 per dollar. The authors of the report may have their own agenda, but the CBN’s plan is that the best approach is to allow for a gradual convergence of all the rates.”

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ZENITH BANK MAINTAINS POSITION AS ‘BEST CORPORATE GOVERNANCE FINANCIAL SERVICES’ IN AFRICA FOR THE FOURTH CONSECUTIVE TIME

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ZENITH BANK’S GROSS EARNINGS RISES BY 24% TO N945.5 BILLION IN 2022 Zenith Bank Plc has announced its audited results for the year ending December 31, 2022, achieving an impressive double-digit growth of 24% in gross earnings from NGN765.6 billion reported in the previous year to NGN945.5 billion in 2022. This is despite the persistent challenging macroeconomic environment and headwinds. According to the audited financial results for the 2022 financial year presented to the Nigerian Exchange (NGX), the double-digit growth in gross earnings was driven by a 26% year-on-year (YoY) growth in interest income from NGN427.6 billion to N540.2 billion and a 23% year-on-year (YoY) growth in non-interest income from NGN309 billion to NGN381 billion. Profit before tax also grew by 2% from NGN280.4 billion to NGN284.7 billion in the current year. The increase in profit before tax was due to the significant growth in all the income lines. Impairments grew by 107% from NGN59.9 billion to NGN124.2 billion, while interest expense grew 63% YoY from N106.8 billion to N173.5 billion, respectively. The impairment growth, which also resulted in an increase in the cost of risk (from 1.9% in 2021 to 3.3% in the current year), was due to the impact of Ghana's sovereign debt restructuring programme. The growth in interest expense increased the cost of funds from 1.5% in 2021 to 1.9% in 2022 due to hikes in interest rates globally. Customer deposits increased by 39%, growing from NGN6.47 trillion in the previous year to NGN8.98 trillion in the current year. The growth in customer deposits came from all products and deposit segments (corporate and retail), thus consolidating the bank’s market leadership and indicating customers' trust. The continued elevated yield environment positively impacted the bank’s Net-Interest-Margin (NIM), which grew from 6.7% to 7.2% due to an effective repricing of interest-bearing assets. Operating expenses grew by 17% YoY, but growth remains below the inflation rate. Total assets increased by 30%, growing from NGN9.45 trillion in 2021 to NGN12.29 trillion, mainly driven by growth in customer deposits. With the steady and continued recovery in economic activities, the Group prudently grew its gross loans by 20%, from NGN3.5 trillion in 2021 to NGN4.1 trillion in 2022, which increased the Non-Performing Loan (NPL) ratio modestly from 4.2% to 4.3% YoY. The capital adequacy ratio decreased from 21% to 19%, while the liquidity ratio improved from 71.2% to 75%. Both prudential ratios are well above regulatory thresholds. In 2023, the Group intends to expand its frontiers as it also reorganises into a holding company structure, adding new verticals to its businesses and growing in all its chosen markets, both locally and internationally. As a testament to its commitment to shareholders, the bank has announced a proposed final dividend payout of N2.90 per share, bringing the total dividend to N3.20 per share. In recognition of its track record of excellent performances, Zenith Bank was recognised as the Number One Bank in Nigeria by Tier-1 Capital, for the 13th consecutive year, in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine; Bank of the Year (Nigeria) in The Banker's Bank of the Year Awards 2020 and 2022; Best Bank in Nigeria, for three consecutive years from 2020 to 2022, in the Global Finance World's Best Banks Awards; Best Commercial Bank, Nigeria 2021 and 2022 in the World Finance Banking Awards; Best Corporate Governance Bank, Nigeria in the World Finance Corporate Governance Awards 2022; Best in Corporate Governance' Financial Services' Africa, for three consecutive years from 2020 to 2022, by the Ethical Boardroom; Best Commercial Bank, Nigeria and Best Innovation In Retail Banking, Nigeria in the International Banker 2022 Banking Awards. Also, the bank emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2020 and 2021, and Retail Bank of the year, for three consecutive years from 2020 to 2022, at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. Similarly, Zenith Bank was named as Bank of the Decade (People's Choice) at the ThisDay Awards 2020, Most Innovative Bank of the Year 2019 by Tribune Newspaper, Bank of the Year 2020 by Independent Newspaper, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.

ZENITH BANK MAINTAINS POSITION AS ‘BEST CORPORATE GOVERNANCE FINANCIAL SERVICES’ IN AFRICA FOR THE FOURTH CONSECUTIVE TIME

 

 

 

 

 

For the fourth consecutive year, Zenith Bank Plc has been named as the Best Corporate Governance ‘Financial Services’ Africa 2023 by the Ethical Boardroom. The award, which was published in the Spring 2023 edition of The Ethical Boardroom magazine, is in recognition of the bank’s adherence to global best practices and institutionalization of corporate governance, setting an industry-wide example of best practices in that field.

 

 

 

 

 

Speaking on the recognition, the Group Managing Director/Chief Executive of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, said: “I am extremely pleased that Zenith Bank has been awarded the Ethical Boardroom Corporate Governance Award as a regional governance champion for the fourth year running. No doubt, the bank’s board has pioneered the exemplary governance culture for which we are now renowned. Indeed, this recognition reflects our steadfast commitment, discipline and high ethos in the conduct of our business and dedication to the principles of good corporate governance. This award will motivate us to strengthen this culture internally and advocate for good governance at every forum”.

 

 

 

 

 

 

 

He dedicated the award to the Founder and Group Chairman, Jim Ovia, CFR, for providing the template for an enduring and very successful institution; the Board for their vision and outstanding leadership; the staff for their dedication and commitment; and the bank’s customers for their unwavering loyalty to the brand.

 

 

ZENITH BANK MAINTAINS POSITION AS 'BEST CORPORATE GOVERNANCE FINANCIAL SERVICES' IN AFRICA FOR THE FOURTH CONSECUTIVE TIME

 

 

 

Ethical Boardroom is a trailblazing and leading international magazine that delivers in-depth coverage and critically-astute analysis of global corporate governance issues to help boards stay ahead of the governance curve.

 

Zenith Bank has been generally adjudged a Corporate Governance compliant bank by the Nigerian Exchange (NGX) hence its listing on the Premium Board of the Exchange. The bank continues to sustain this reputation and reappraise its processes to ensure that its business conforms to the highest global standards at all times.

 

The bank’s track record of excellent performances has continued to earn it numerous awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital, for the 13th consecutive year, in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine; Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards 2020 and 2022; Best Bank in Nigeria, for three consecutive years from 2020 to 2022, in the Global Finance World’s Best Banks Awards; Best Commercial Bank, Nigeria 2021 and 2022 in the World Finance Banking Awards; Best Corporate Governance Bank, Nigeria in the World Finance Corporate Governance Awards 2022; Best Commercial Bank, Nigeria and Best Innovation In Retail Banking, Nigeria in the International Banker 2022 Banking Awards. Also, the bank emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2020 and 2021, and Retail Bank of the year, for three consecutive years from 2020 to 2022, at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. Similarly, Zenith Bank was named as Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.

 

 

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UBA Revitalises Alumni Network, Ex-staff to Enjoy Debt Restructuring, Product Offerings, Airport Protocol, Other Benefits

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UBA Revitalises Alumni Network, Ex-staff to Enjoy Debt Restructuring, Product Offerings, Airport Protocol, Other Benefits

 

 

 

 

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has relaunched the UBA Alumni Network Program, aimed at fostering stronger connections and providing exclusive benefits to its esteemed former employees.

 

 

 

 

 

Improving upon the services it promised when it was first launched two years ago, the revamped UBA Alumni Network will now offer a wide array of advantages designed to empower and engage ex-staff members throughout their journeys.

 

UBA’s Group Managing Director, Oliver Alawuba, who welcomed the Ex-staff during the UBA Alumni relaunch in UBA House on Friday, expressed the bank’s commitment to reposition the alumni to do more to ensure that ex-staff remain comfortable ambassadors of the brand.

 

He said, “I understand that this very key network was launched in 2021, and we have come here today to assure all the members of our alumni that UBA, which is over 75 years old, will continue to play the role of becoming a beacon of hope to our Ex-staff.

 

Continuing Alawuba said, “As a bank that is interested in the welfare of both staff and ex-staff, we are going to roll-out products that are specifically tailored to suit the needs of all our alumni.”

 

At the event, which saw a lot of former staff attended both physically and virtually, UBA’s Deputy Managing Director, Muyiwa Akinyemi, noted that the bank is where it is today because of the sacrifices made by its ex-staff several years ago, as he added that this is the driving force behind the bank’s desire to support them.

 

“Today, we are here, but tomorrow, we might be somewhere else, and it is therefore essential for us to bond with our former employees who we recognise as ambassadors that have contributed to the bank’s legacy in various sectors over the years,” Akinyemi stated.

 

He explained that with 35 million customers and over 25,000 staff, the bank remains committed to fostering a vibrant alumni community, adding that “We will continue to rely on this all important network to help us to know how to serve you better, in the four continents and 24 countries that UBA currently operates in.”

 

UBA staff, Wale Esan and Nnenna Chikezie, were on ground at the event to reel off some of the new offerings and benefits to be enjoyed by members of the UBA alumni, which include: Debt restructuring and moratorium for staff who left while still servicing loans; top-up loans, CoT concessions, access to senior citizens loans; fast tracking of banking services.

 

Other benefits are assisted airport protocol services for international travels including check-in and departure services; end to end VIP travelling services for ex-staff. The bank will also assist any staff who has challenges with the airport authorities for quick and easy resolution.

 

The Chairperson of the UBA Alumni Network, Mosunmola Yusuf, who was a former staff with the Employee Experience unit, explained that UBA aims to harness the wealth of knowledge and experience of its former employees, creating a powerful network that extends far beyond the continent.

 

“We see this as an innovative effort to build a strong bond of human community; because we believe human connectivity is necessary to promote cordial living and will assist to achieve the individual and collective goals that we plan to attain,” she stated.

 

UBA alumni were encouraged to send their enquiries to the email: UBAAlumnicare@ubagroup.com for quick resolution.

 

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees’ group wide and serving over 35 million customers globally.

Operating in 20 African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology.

 

UBA Revitalises Alumni Network, Ex-staff to Enjoy Debt Restructuring, Product Offerings, Airport Protocol, Other Benefits

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