Business
PHOTOS: Aregbesola Brokers Peace Between Fayose, Ekiti Oil Marketers
The Governor of Osun, Ogbeni Rauf Aregbesola on Sunday succeeded in breaking the ice of hostilities between his Ekiti State counterpart, Ayo Fayose and oil marketers who had been at loggerheads over the siting of some filling stations in the state.
The Ekiti State Governor commended the swift intervention of the Governor of Osun in resolving the lingering crisis which had led to acute scarcity of oil products in the state.
The truce reached on the intervention of Aregbesola led to the end of the three week old industrial action embarked upon by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG).
NUPENG suspended the strike with immediate effect.
Fayose, in his remarks shortly after the communique was read and signed by parties involved, said the purpose of coming down to Osun to resolve the matter was to let the world know that the Yoruba nation can take care of its affairs.
He said the existing unity among the Yoruba has got to the extent that issues can be resolved in any part of the region be it Osun, Ekiti, Oyo, Ogun, Ondo and Lagos states.
Fayose said the idea was to further strengthen the existing unity and love among the leadership of the region regardless of political ideology.
According to him, resolving the matter in Osun was a clear demonstration that Yoruba people are one.
“I appreciate Governor Rauf Aregbesola of Osun for this peace process that we have been able to achieve.
“The government and the people of Ekiti state highly appreciate the swift intervention of Osun state government led by Governor Aregbesola.
“This is a manifestation of the spirit of togetherness, love, unity and harmony among the people of this region.
“This is done in the spirit of understanding of Yoruba nation as being demonstrated today that we are one nation and indivisible entity.
“What happened today shows that we have the capacity to resolve issues as states in the region without any external intervention.
“Some people will ask why the Ekiti state government has come to Osun to resolve the matter. But whether is Osun or Ekiti, what is important is that we have resolved the matter and reached a common ground.
“It shows that Yoruba people are one and as well remain indivisible.
“All parties involved have signed a communique and we are going to respect all what is in the communique and we will by the communique just as the committee will be given free hands to work to give a lasting solution to forestall such crisis in the future,” He said.
While reading the communique, the General Secretary, NUPENG Mr. Joseph Ogbebor said the union agreed to suspend the three week strike having reached a common ground with the state government.
Ogbebor reiterated that the two parties have agreed to set up an ad-hoc committee which will after the suspension of the strike oversee the need to find a lasting solution to the crisis.
The communique reads in part: “An ad hoc committee be constituted to fashion out in clear terms the conditions and guidelines for the establishment and operations of filling stations in Ekiti State.
“The committee comprising representatives of Ekiti State Government and oil and gas stakeholders shall commence work on Wednesday 7th June, 2017
“In the spirit of reconciliation, Ekiti State Government agreed to pleas for reversal of the revocation of some Certificates of Occupancy of landed properties on which filling stations are built, except the ones on waterways, canals and where there is no justification for such revocation;
“In that same spirit, the government agreed to stop further demolitions pending the outcome of the committee’s report.
“Consequently, the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG), Independent Petroleum Marketers Association of Nigeria (IPMAN) and other related oil and gas unions hereby suspend the industrial action embarked upon by their members, with immediate effect.
The communique was Signed by: Ekiti State Governor, Dr. Peter Ayodele Fayose, his Osun State counterparts, Ogbeni Rauf Aregbesola,
NUPENG General Secretary, Joseph Ogbebor, IPMAN Zonal Chairman, Alhaji Debo Ahmed PTD NUPENG, National Vice Chairman, Comrade Solomon Kilanko
In his remarks, Governor of Osun, Ogbeni Rauf Aregbesola commended the maturity of the leadership of NUPENG and IPMAN exhibited in resolving the crisis between them and the government of Ekiti state.
He expressed profound gratitude and high sense of understanding displayed by the leadership of the Ekiti state oil marketers, saying it has shown that dialogue remains the best method of resolving conflict.
Aregbesola added, “Since this matter has been resolved, I am happy that this brings a permanent peaceful coexistence between the two parties in the state.
“It is believed that this resolution will bring an everlasting and evergreen cordial relationship between and the unions.”
Business
Aliko Dangote Foundation, WEF Unveil 2026 YGL Aliko Dangote Fellows
Aliko Dangote Foundation, WEF Unveil 2026 YGL Aliko Dangote Fellows
…Spotlighting Africa’s Next Generation of Change Leaders
World Economic Forum (WEF) in partnership with the Aliko Dangote Foundation (ADF) has announced the 2026 cohort of the Young Global Leaders (YGL) Aliko Dangote Fellows, highlighting a new generation of African leaders committed to expanding opportunity and strengthening institutions across the African continent.
The Fellowship serves as a critical bridge between Africa’s emerging changemakers and the global Young Global Leaders network, fostering collaboration, knowledge exchange, and sustainable development. The YGL Aliko Dangote Fellowship supports high-impact African leaders by enabling their full participation in the Forum of Young Global Leaders (YGL) programme and broader WEF activities.
WEF said the 2026 YGL Aliko Dangote Fellows represent diverse professional backgrounds spanning healthcare, technology, entrepreneurship, and advocacy across sub-Saharan Africa. The newly selected fellows are Dr. Esperance Luvindao; Charlot Magayi, Founder of Mukuru Clean Stoves; Rewa Udoji, Founder of Cranstoun; Dr. Stephen Modise; Dr. Musa Kika; Hatim Eltayeb; Kemi Lala Akindoju; and Vimbai Masiyiwa.
With a strong emphasis on empowering women leaders, the Fellowship is designed to support Africans shaping solutions to pressing social and economic challenges while strengthening leadership capacity across key sectors.
Over the past 14 years, the Aliko Dangote Foundation–powered Fellowship has supported more than 130 young African leaders, providing access to Davos meetings, executive education opportunities, and influential peer networks that amplify African voices on the global stage.
Commenting on the announcement, Fatima Aliko Dangote, Trustee of the Aliko Dangote Foundation and Group Executive Director, Oil & Gas, Dangote Industries Limited, described the 2026 fellows as “leaders who will expand opportunity and strengthen institutions, advancing Africa on its own terms.”
She added: “Africa’s future will be defined by the strength of its people. When the right leaders—especially women—are empowered and given a global voice, they do not just lead; they reshape what is possible. That is why we invest in people: because it is the surest path to lasting global prosperity, stability, and self-determination. The 2026 cohort embodies this vision.”
According to her: the 2026 YGL Aliko Dangote Fellows represent that future leaders who will expand opportunity and strengthen institutions, advancing Africa on its own terms while helping define a world whose future will be shaped by the continent.
She explained that the idea behind the YGL Aliko Dangote Fellowship is to cultivate, empower, and support exceptional African leaders under 40, ensuring they have the resources to participate in the World Economic Forum (WEF)’s Young Global Leaders (YGL) community. It specifically aims to accelerate their impact on the continent and globally.
Details of the new fellows in the announcement indicated that; Hatim Eltayeb, is the Chief Executive Officer of African Leadership Academy, strengthening one of the continent’s most important leadership institutions; Dr Esperance Luvindao, Namibia’s Minister of Health and Social Services, combining clinical experience with digital health and grassroots innovation; Charlot Magayi, the Kenyan founder of Mukuru Clean Stoves, linking clean energy, public health and livelihoods; Dr Stephen Modise, Botswana’s Minister of Health, bringing a data-driven approach to public health reform.
Dr Musa Kika, Executive Director of the Institute for Human Rights and Development in Africa, using law to defend constitutionalism and civic space; Rewa Udoji, the Nigerian artist and finance professional whose work bridges culture, capital and women’s economic literacy; Kemi Lala Akindoju, the Nigerian producer and actor helping reshape the creative economy through talent development, financing and more grounded storytelling; and Ms Vimbai Masiyiwa, co-founder and Chief Executive Officer of Batoka Africa, building a model of tourism rooted in sustainability, community ownership and women’s empowerment. Together, they reflect the range of leadership the fellowship is designed to support public leaders, entrepreneurs, institution-builders and cultural actors already shaping systems in very different ways.
It would be recalled that Aliko Dangote YGL Fellowship has supported more than 90 Fellows from over 25 African countries, thus enabling full participation in the World Economic Forum’s Young Global Leaders programme through access to convenings, executive education, peer networks and global platforms.
Over that period, Fellows have taken part in more than 400 engagements across Annual Meetings, regional summits and learning modules, contributing to debates on finance, climate, health, technology and governance.
Business
Norwegian Sovereign Wealth Fund Eyes Partnership with Dangote Group on Africa Investments
Norwegian Sovereign Wealth Fund Eyes Partnership with Dangote Group on Africa Investments
The President/Chief Executive of Dangote Group, Aliko Dangote has held a high-level meeting with Nicolai Tangen, the Chief Executive Officer of Norges Bank Investment Management, the world’s largest sovereign wealth fund manager, overseeing assets valued at approximately $1.9 trillion.
At the meeting, the Norwegian investment institution expressed strong interest in partnering with Dangote Group to expand its footprint across the African continent, with a focus on strategic sectors including power, energy, renewables, agriculture, fertiliser and cement.
Also present at the meeting were Svein Tore Holsether, Chief Executive Officer of Yara International, one of the world’s leading fertiliser and agricultural companies, and Terje Pilskog, Chief Executive Officer of Scatec, a global renewable energy company.
The engagement shows growing global investor confidence in Africa’s industrial and infrastructure potential, as well as the increasing role of indigenous conglomerates such as Dangote Group in driving large-scale economic transformation.
For Dangote Group, the potential partnership represents a significant opportunity to deepen its investments across key sectors critical to Africa’s development, particularly in energy transition, food security and industrial capacity expansion.
The Norwegian sovereign wealth fund, widely regarded as a benchmark for global institutional investment, has in recent years shown increased interest in emerging markets, with Africa seen as a frontier for long-term value creation.
The collaboration between the fund and Dangote Group could unlock substantial capital flows into critical infrastructure and industrial projects, further accelerating economic growth and regional integration across the continent.
Bank
Fidelity Bank Provides Critical Funding Support to Abuja Special Needs Orphanage
Fidelity Bank Provides Critical Funding Support to Abuja Special Needs Orphanage
Leading financial institution, Fidelity Bank Plc, through the Fidelity Helping Hands Programme (FHHP), has funded critical support for the JKS Special Needs Academy in Abuja to ensure continued shelter and care for vulnerable children.
The intervention was facilitated by a group of the bank’s newly recruited employees known as Team Valorem, as part of their induction activities. Through the FHHP, employees are empowered to actively contribute to social development by dedicating their time, resources and skills to impactful projects. Projects executed under the initiative are employee-driven, with teams encouraged to identify causes, contribute fifty percent of the project funding, while the bank matches the contribution.
Speaking during the outreach, Divisional Head, Brand and Communications Division, Fidelity Bank Plc, Dr Meksley Nwagboh, highlighted that the initiative aligns with the Bank’s CSR pillars focused on health & social welfare, and youth empowerment.
“This intervention reflects our belief that building a better society is a shared responsibility. Through the Fidelity Helping Hands Programme, we empower our employees to actively contribute to meaningful social causes. The funding provided will secure the orphanage’s accommodation for an additional year, ensuring a stable and safe environment for the children. This support guarantees that these children continue to have a place they can call home,” Nwagboh remarked.
He also commended caregivers at the facility for their dedication and called for increased focus on empowerment and skill development for children with special needs.
“Beyond providing basic needs, we must provide these children with opportunities to develop skills and become self-reliant. Everyone, regardless of their physical or socio-economic status, has a role to play in the society,” he said.
In her response, Director of JKS Special Needs Academy, Mrs. Nifemi Ajileye, expressed deep appreciation to Fidelity Bank and its staff for the timely intervention.
“We are truly grateful to Fidelity Bank for this support. It will significantly improve the welfare of the children under our care and help us sustain our operations,” she said.
Ajileye highlighted the high cost of caring for children with disabilities, stating that, “Many of the children require continuous medical attention and therapy, which are quite expensive. Support like this helps us bridge critical gaps and continue delivering quality care. This support from Fidelity Bank is timely and it means the world to us and to these children. It will help us continue our work and secure a better future for them,” she added, while calling for sustained support from other organisations.
As an institution with a heart for people, Fidelity Bank continues to demonstrate its commitment to social responsibility by driving inclusive growth and social impact through initiatives that empower communities and improve lives across Nigeria.
Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 10 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK.
The Bank is a 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.
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