Business

Nestlé Nigeria to empower Over 10,000 Youth Through Mentoring

Published

4 years ago

December 18, 2021

Sahara Weekly

Nestlé Nigeria to empower Over 10,000 Youth Through Mentoring

By Ifeoma Ikem

Nestlé Nigeria has launched a mentoring program for secondary schools powered by Nestlé Cares, the company’s global employee volunteering program.

The mentoring program which aims to reach over 10,000 JSS2, SS1 and SS2 students in public secondary schools across the country with training on life values and life skills is delivered in collaboration with REVAMP Africa, a youth-focused non-profit organization with the vision to revive educational values and maximize potential among young people, especially in public secondary schools.

Starting with over 1,000 students of the Ilupeju Secondary School, in Lagos, in July 2021,Nestlé Cares volunteers have extended the program to the Company’s host communities in Sagamu and Abaji, reaching over 2,000 students at the Owode High School, Obafemi Owode in Ogun State and at the Government Secondary School, Abaji over a 4-week period.

According to Victoria Uwadoka, Nestlé’s Corporate Communications and Public Affairs Manager, “Nestlé Cares, provides employees the opportunity to make an impact in local communities.

It is a proven fact that good habits formed at a young age, set the tone for a productive, successful future.

Through the Mentorship Program developed in collaboration with REVAMP Africa, we are happy to make a difference by helping young Nigerians in secondary schools to imbibe the values that would equip them as a future generation of transformational leaders.”

“We are delighted to see how passionate our employees are to engage with the young people, teaching them the benefits of having the right values. We also teach the youth how to handle peer pressure, interpersonal relationships, time management and goal setting. In addition, we teach them the benefits of healthy nutrition which is key to a healthy life.

Speaking on the collaboration with Nestlé, the Founder, REVAMP Africa, Kelechi Anyalechi said,

“We are a youth-focused non-profit organization with the vision to revive educational values and maximize potential among young people, especially in public secondary schools. We are raising leaders, who will transform their communities, country, Africa and the world.

We are always so inspired to see the turn-out of Nestlé employees which demonstrates their strong commitment to making a difference in society. In addition to Lagos, Sagamu and Abaji, we will be extending the mentoring program to public secondary schools in Enugu, Port-Harcourt, Jos, Kaduna, Agbara and Abuja reaching over 10,000 students in the coming months.

Recounting her experience during the four weeks of the mentoring program, Akinwale Temitope,a student of SS1 C in Ilupeju secondary school said, “I learnt a lot about values. The value that stood out most for me was humility, the quality of modesty. I also learnt about setting goals, time management and self-reliance. Thank you, Nestlé Cares and Revamp Africa, for the opportunity
to learn.”

Commenting on the program, the principal of Ilupeju Secondary School Mr. Adeoye B. Adebowale said “I want to thank Nestlé for coming to mentor our students,and for helping us and the government add value to the younger generation.

Our mission is to be the foremost school where academics with high moral values are achieved. This mentoring program reiterates what we do and what we believe in.”Victoria Uwadoka reaffirmed that Nestlé Cares Employee Volunteer Program will continue to provide opportunities for Nestlé employees to give back to society by offering their time, talent and resources while impacting individuals and families, communities, and the environment.

Bank

Union Bank Honoured by ASBON at Nigeria National SME Business Awards

Published

2 hours ago

May 13, 2026

Sahara Weekly

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

Published

14 hours ago

May 12, 2026

Sahara Weekly

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

Published

15 hours ago

May 12, 2026

Sahara Weekly

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.