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ZENITH BANK GMD CANVASSES NON-OIL EXPORTS EXPANSION

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The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer
Onyeagwu has called for a concerted effort towards diversifying the
country’s export base through the promotion of non-oil exports. He made the
call during a Webinar themed “Prospects of Non-Oil Export During and Post
COVID-19” organized by the bank on Wednesday, August 26, 2020.
According to him, the onset of the COVID-19 pandemic which has impacted
the demand for oil and, by extension, the price of crude oil in the
international commodities market has further exposed Nigeria’s over-
dependency on crude oil earnings and its susceptibility to oil-related shocks.
He added that the events of the last couple of months have also highlighted
the limited range of the country’s value-added products exported to foreign
markets.
He noted further that boosting non-oil export is imperative in view of the
opportunities that exist in the broader contexts of ECOWAS Trade
Liberalisation Scheme and the African Continental Free Trade Area (AfCFTA)
which seeks to create a continent-wide market of 1.2 billion people with
combined Gross Domestic Product (GDP) of $2.5 trillion and about $4 trillion
in consumer and business spending.
Whilst commending the e%orts of the government and the Central Bank of
Nigeria (CBN) to deepen the non-oil export business in the country,
Onyeagwu urged players in the non-oil export value-chain including
exporters and ?nancial institutions to play their part in the drive towards
expanding the nation’s non-oil export base.
Delivering the keynote address, the Director of Trade & Exchange, Central
Bank of Nigeria (CBN), Dr. (Mrs) Ozoemena Nnaji, who commended Zenith
Bank for organizing the webinar at a time like this, observed that the impact
of the COVID-19 pandemic is a wake-up call for the country, as it has once
again exposed the over-dependence of the Nigerian economy on one
product. She therefore called for a deeper policy look at the non-oil sector to
?nd ways of genuinely improving the quality and quantity of our non-oil
export goods.
Also speaking at the Webinar, the Chief Executive/Executive Director of the
Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo
commended the e%orts of Zenith bank in promoting non-oil export business
in Nigeria, describing the bank as ‘the Export Trade Bank of Nigeria’.
Speaking on the topic “Repositioning Non-oil export as a Leading Revenue
Earner: Government Plans and Programmes”, Awolowo noted that the crash
in oil prices following the COVID-19 pandemic and OPEC’s price war with
Russia reinforced what everyone already knows.
Zenith Bank remains committed to the promotion of the non-oil export sector
in Nigeria by identifying emerging opportunities which help in stimulating
non-oil exports and developing robust ?nancial products and incentives for
operators in the sector. The bank launched the Non-Oil Export Seminar in
2017 as an initiative to deepen the discourse on promoting non-oil export
business in Nigeria.

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Ajimobi’s Eldest Child, Bisola Dies In The UK

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Late Governor Ajimobi’s first child, Bisola is dead!

 

News filtered in early Thursday, March 27, 2025 that Bisola,42 died after a brief illness in the United Kingdom.

 

The late woman before her death was the special adviser to the Minister of Budget and Planning, Atiku Bagudu.

 

Married to Kolapo Kola-Daisi, their marriage is blessed with three children.

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EFCC Arrests Top Businesswoman, Aisha Achimugu

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The Economic and Financial Crimes Commission (EFCC) recently arrested prominent businesswoman and socialite, Aisha Achimugu, following allegations of fraudulent activities related to a multi-million-naira contract awarded to her company by a South-West state.

Achimugu, who serves as the Chairman of Bluewave Exploration and Production Limited, was detained last weekend after a civil society group filed a petition accusing her of involvement in dubious dealings concerning the contract. She was granted bail the following day but has been instructed to return for further questioning in the coming week.

Beyond her corporate endeavors, Achimugu is well-known in elite circles across Lagos and Abuja. Her social media presence showcases a lavish lifestyle, featuring exotic vacations, exclusive yacht parties, and private jet travels.

This arrest marks a significant challenge for Achimugu, whose business empire and social standing are now under intense public scrutiny. The EFCC’s investigation is ongoing, and the outcome may have far-reaching implications for her career and reputation.

A source hinted that Achimugu was asked by the commission to report back on the 30th of March,2025 for further questioning.

Not really bothered by the investigation, the billionaire days after her arrest launched a 30-day feeding Ramadan programme where she targets the less-privileged.

 

Additional Information- Streetjournal Magazine

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Obasa Missing as Lagos Assembly Sits, Lauds President Tinubu

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The Lagos State House of Assembly convened for a crucial legislative session yesterday, but an unexpected absence stole the spotlight, the ousted Speaker Mudashiru Obasa was nowhere to be seen. The sitting, which focused on key legislative matters and a commendation of President Bola Ahmed Tinubu’s leadership, went on without Obasa, raising eyebrows among lawmakers and political observers alike.

New Speaker Mojisola Meranda presided over the proceedings, ensuring the session ran smoothly. During deliberations, the lawmakers took turns applauding President Tinubu for his strides in governance, particularly his economic and infrastructural policies aimed at revitalizing Lagos and Nigeria as a whole. However, whispers about Obasa’s absence could not be ignored.

Sources within the Assembly remained tight-lipped on the reason for his nonappearance, fueling speculation.

As lawmakers dispersed after the session, the big question lingered where was  Obasa? For now, the mystery remains, but all eyes will be on the next sitting to see if the seasoned politician resurfaces.

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