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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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Ex-Gov Akala’s ADC Commits Suicide In Ogbomoso

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Deputy Commissioner of Police, DCP Gbolahan Oyedemi, reportedly hung himself in his apartment in Ogbomoso, Oyo State.

The deceased senior police officer, who was said to have gone home for the Easter celebration, was alone located at his Petros Academy Street, Federal Low-cost area residence.

Late Oyedemi who was in his 50s was Aide de Camp to late Governor Adebayo Alao-Akala during his eleven-month tenure as governor (January to December 2006

When ogbomosoinsightonline.com arrived at the residence at Petros Academy Street, Federal Low Cost area the police had cordoned off the area but sympathizers were seen in groups discussing the matter in a hushed tone.

“Sometimes he came home with police security l saw him recently driving personally into his beautiful mansion,” a neighbour said.

National Insight reported a police source hinted about a quick investigation into what could lead to the tragic end of a gallant Deputy Police Commissioner.

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‘I want people to settle our fight, but…’ K1’s Lead Drummer,Ayanlowo Gives Condition For Reconciliation

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-Ayotunde Ayanda

 

K1’s lead talking drummer, Ayankunle Ayanlowo has listed the condition for him to reconcile with his boss, Wasiu Ayinde, the Mayegun of Yorubaland.

 

At his home in Felele, Ibadan in a private chat, the drummer in his request stated ‘I want them to settle our fight. I want them to call us together, he(Wasiu) should be God-fearing and state his part, while I should also be present to speak my mind. The elders should step in but God knows, I will never go back to him’.

 

When asked why he vowed never to go back, Ayanlowo replied, ‘he is vindictive, he never forgives and I’ve placed everything in the hands of God. I can never go back to the band”.

 

The lead drummer while confirming that some cleric leaders and traditional rulers have waded into the matter also said ‘part of my condition is that at any location they pick for the peace-meeting, if anything happens to me, I would hold the people that call for the meeting responsible and they’ve assured me nothing of sort would happen”.

 

He hinged his fears on the attack at his Felele, Ibadan home where his windows was shattered by people he believed to be loyalists of his boss.

 

‘I’ve worked with him for 32 years and now I want to be on my own, I’ve tried! They should just leave me in peace’, he begged.

 

Ayankunle had accused Wasiu  of providing a poor welfare package for his band members, which KWAM 1 has since denied and this has generated a lot of issues that called for the intervention of top monarch, the Aseyin of Iseyin, Oba Sefiu Adeyeri who claimed to have instructed Ayankunle to stop posting videos or granting interviews.

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The Story Of Ibadan High Chiefs Who Died Two Months, Two Weeks Before They Could Become King

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-Tunde Ayanda

 

With the passage of the Olubadan of Ibadanland, Oba Lekan Balogun some days ago, the ‘irukere’, (the horsetail, symbol of authority of Yoruba Obas) has pointed to where it’s going.

 

Without any consultation or appointment, the whole of Ibadanland understand it’s now the turn of High Chief Owolabi Olakulehin.

 

Such is the uniqueness of the Obaship tradition of Ibadan. It is the only kingdom in the world where every true son of Ibadan is a potential king. You don’t have to be a prince, all you need is a selection from your family house as a Mogaji (representative).

 

While the Obaship system and ascension to the coveted throne of Olubadan is unique and predictable, getting to the top of the ladder means a gift of long life for the highest ranking chiefs of the ancient Yorùbá capital city of Oyo State.

Becoming Olubadan is on rotational basis between the two lines of ascension to the throne headed by Ọtun Olubadan (Civil line) and Balogun (Military line). But in recent years, over a decade, there have been two high chiefs and of course, next-in-lines to the throne who never get to the top.

 

 

High Chief S.A. Omiyale (Balogun of Ibadan)

High Chief Sulaimon Adegboyega Omiyale was the Balogun of Ibadan land and next-in-line to Oba Samuel Odulana Odugade 1, the 40th Olubadan who reigned from 11th of August, 2007 to 19th of January, 2016 and died at the age of 101 years.

With Oba Odulana, who succeeded Oba Yinusa Ogundipe Arapasowu 1, as next-in-line from the Civil line, it was supposed to be the turn of High Chief Omiyale, had it been he lived to succeed the aged monarch.

But the Balogun of Ibadan land died on Saturday, 7th November, 2015 at the University College Hospital, UCH, Ibadan, at the age of 91.

Two months after his death, the reigning Olubadan, Oba Odulana died on 19th January, 2016.

High Chief Omowale Kuye (Ọtun Olubadan)

High Chief Omowale Kuye was the Ọtun Olubadan, traditional head of the Civil line. With Omiyale’s death, Kuye was a step closer to becoming Olubadan, but he also didn’t live to succeed the monarch.

Kuye, who was a former Director General, Special Duties and later Budget in the Office of the President of Nigeria — under both Alhaji Shehu Shagari and General Olusegun Obasanjo — died on 20th November, 2015; barely two weeks after the demise of Balogun of Ibadan land.

Because of the earlier death of Balogun Omiyale whose line was supposed to produce the next monarch after the reigning Olubadan, High Chief Kuye would’ve become the next Olubadan being the highest ranking of the Olubadan-in-Council, but he also passed on before Oba Odulana.

Additionally, the demise of both Balogun Omiyale and Ọtun Olubadan Kuye, paved the way for the then Otun Balogun, Saliu Akanmu Adetunji, who eventually succeeded Oba Odulana as the 41st Olubadan in 2016. He was also succeeded in 2022 by the recently deceased 42nd Olubadan, Oba Lekan Balogun, Alli Okunmade II.

 

Additional report from Tribuneonline

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