General News
New UBA, Zenith, Skye Bank MDs Assume Duty
Three bank managing directors – Jim Ovia (Zenith), Tony Elumelu (United Bank for Africa, UBA), and Akinsola Akinfemiwa (Skye) have taken their bow and left the stage in line with the directive of the Central Bank of Nigeria (CBN) that no bank MD should serve more than 10 years.
Their successors Godwin Emefiele (Zenith), Phillip Oduoza (UBA), and Kehinde Durosinmi-Etti (Skye), have assumed duty.
The three incoming managing directors, already ratified by their boards and the CBN, were before now deputy managing directors of their respective banks.
With banking experience spanning 23 years, Emefiele, a pioneer in Zenith Bank’s management, was appointed deputy managing director in 2001, and lately supervised all the local subsidiaries, treasury and correspondent banking, and multilateral, conglomerates, and private banking.
Oduoza, a graduate of civil engineering, holds an MBA (finance) from the University of Lagos (UNILAG), and is an alumnus of the Advanced Management Programme of the Harvard Business School, among other world class trainings.
Durosinmi Etti, a chartered accountant and fellow of the Chartered Association of Certified Accountants (FCCA), United Kingdom, is not new to the position of bank MD or Chief Executive Officer (CEO).
He was first appointed to the position in July 2002 when he managed EIB International Bank until it fused with others during consolidation to form Skye Bank in January 2006.
Durosinmi-Etti graduated in economics from the University of Ibadan (UI) in 1982, and thereafter started his working career as an audit trainee at Pricewaterhouse, from where he moved to Akintola Delloite. He forayed into banking in 1987 when he joined Nigeria-American Merchant Bank as Head, Accounts/Computer and later, Internal Control.
He left for Midas Merchant Bank in 1990 where he served at various times as Head of Treasury, Assistant General Manager in charge of Money Market Division, before becoming Executive Director and Chief Executive Officer in 1995 at 32.
He joined Lagos Building Investment Company in 2001 as MD, and left for EIB International Bank as General Manager in April 2002, becoming MD/CEO after barely four months.
Durosinmi-Etti was in charge of Skye Bank’s Corporate Banking Group, Investment Banking Group, Treasury Group and Development Finance Group.
Meanwhile, UBA at the weekend gathered the who-is-who in corporate Nigeria – as well as politicians, including former President Olusegun Obasanjo, Ministers, Governors and their Deputies, Commissioners, federal lawmakers and the diplomatic class – for a send-off party at Eko Hotel and Suites, Victoria Island, Lagos.
Others present included former CBN Governor, Joseph Sanusi; former CBN Deputy Governors; Central Bank Governors from neighbouring countries; Securities and Exchange Commission (SEC) Chairman, Udoma Udo Udoma, and SEC Director General, Arunma Oteh.
President Goodluck Jonathan, in a goodwill message read by Remi Babalola, minister of State for Finance said Elumelu, “represents what Nigeria can be, should be, and will be.”
Ferdinand Alabraba, chairman, UBA noted that the exit of Elumelu marks “the end of a glorious era in the history of UBA,” hence the occasion was tagged “A celebration of excellence.”
He assured that 13 years after piloting the affairs of Standard Trust Bank (STB) that became the fifth largest player in the industry, despite being a vestige of the failed Chrystal Bank of Africa, which later merged with UBA, Elumelu will remain relevant in the financial system.
A landmark for which Elumelu will be remembered, he added, was that STB under his leadership was the first Nigerian bank to open an offshore subsidiary, adding that UBA now has presence in 18 countries across Africa, as well as in Europe and the Unites States.
Alabraba said. while assuring that Oduoza, who has 22 years banking experience, will continue the strategic intent of the group.
Oduoza affirmed his commitment to continue with the vision, adding that most members of the team left behind have been part of the dream for a very long time.
He said he will play his part “in achieving those goals with determination, responsibility and hard work.”
General News
More 14m Farmers to Benefit from AfDB-backed Initiative

Additional 14 million farmers in 37 low-income and vulnerable countries served by the African Development Fund, the Bank Group’s concessional financing window, are set to benefit from a technology initiative targeted at scaling up climate-resilient food production across the continent.

This comes after the African Development Bank Group (AfDB) and the International Institute of Tropical Agriculture (IITA) signed a $16.61 million grant agreement to launch the third phase of the Technologies for African Agricultural Transformation Programme (TAAT-III)
TAAT-III, funded by the African Development Fund, is expected to consolidate earlier gains benefiting 14 million more farmers while introducing a more sustainable, private sector-driven delivery approach.
AfDB said the initiative aims to reinforce seed and technology distribution systems, deepen partnerships with governments and agribusinesses, and expand the digital tools, including its technology e-catalogues and real-time monitoring platforms, to speed up deployment of high‑impact solutions.
Simeon Ehui, director general of IITA, commented: “TAAT-III allows us to deepen the delivery of science‑based solutions that improve farmers’ yields and livelihoods. Working with the Bank and our partners, we are scaling technologies that make Africa’s food systems more resilient and competitive.”
Since its launch in 2018, TAAT has become one of Africa’s most effective and transformative platforms for agricultural innovation, reaching nearly 25 million farmers and boosting productivity across major staples.
The initiative has expanded climate-resilient agricultural practices across over 35 million hectares.
In a statement, the AfDB said working closely with the Consultative Group of International Agricultural Research Centres and national and regional partners, TAAT has increased crop yields up to 69% and generated more than $4 billion in additional agricultural value.
Countries including Sudan, Ethiopia, Zambia, Zimbabwe, and Nigeria have recorded notable gains in staple crop productivity and resilience to climate shocks.
Nigeria has been a key beneficiary of TAAT initiatives. Under its Wheat Compact, farmers adopting improved heat-tolerant varieties more than doubled yields from 1.7 tons per hectare to 3.5 tons per hectare.
Programme supported seed system assessments also helped inform national reforms to expand access to certified, climate-resilient seeds.
Speaking at the signing ceremony, Abdul Kamara, director general of the Bank Group’s Nigeria Country Department, said the new phase will focus on scaling innovation more rapidly
Kamara said: “TAAT-III underscores the Bank’s commitment to ensuring that proven, climate-resilient agricultural technologies reach farmers faster and at scale. This phase strengthens the systems that deliver innovation, helping countries boost productivity, enhance resilience, and align agricultural transformation efforts with the Bank’s four new areas of emphasis, dubbed the Four Cardinal Points.”
General News
Newmark Webinar Explores How AI Could Transform Healthcare in Africa

A recent webinar hosted by the Newmark Group examined how Artificial Intelligence AI is changing healthcare across Africa, highlighting both its promise and its risks.

Newmark
The session, titled “AI in Healthcare: Opportunities and Challenges,” brought together healthcare and communications experts who agreed that AI can help fix long-standing problems in Africa’s health systems — but only if it is used carefully and responsibly.
Gilbert Manirakiza, CEO of Newmark Group in his opening speech said that AI is already helping speed up decision-making. He said AI tools can quickly analyse patient feedback, monitor conversations online, personalise health messages for different audiences and reduce delays in approvals.
He noted that many patients now turn to AI tools like ChatGPT to ask about symptoms and treatments. Because of this, he said health communicators must take responsibility for ensuring accurate information is available.
“If AI makes mistakes in healthcare, the consequences affect real lives,” he said.
Manirakiza stressed that Africa’s healthcare environment is unique. Many communities rely on mobile phones, speak different local languages and trust religious or community leaders. He warned that AI systems built mainly with Western data may misunderstand African realities.
He summarised his position simply: AI should help speed up work, but humans must ensure accuracy.
Daniel Marfo spoke about how AI is already being used in practical ways. Insurance companies now use AI systems to process thousands of claims daily. In hospitals, electronic medical records can suggest possible diagnoses and help doctors decide which patients need urgent attention.
He also said AI tools are helping detect problems in X-rays and MRI scans faster, especially in places where there are few radiologists. This reduces waiting time for patients.
At a national level, countries such as Rwanda, Sierra Leone and Ghana are building health data centres powered by AI to help governments track diseases and plan better responses.
However, Marfo warned that AI tools must be built using local medical guidelines to gain doctors’ trust. He emphasised that AI should support doctors, not replace them.
Dr. Afriyie Bempah focused on how AI can help countries prepare for health crises before they happen. He said resilience is not just about recovering from shocks, but about predicting them early.
He cited examples such as Kenya using AI to track mosquito patterns to predict malaria outbreaks, and Ghana using digital tools to improve disease reporting. In South Africa, digital health systems have been adapted to manage patients with chronic illnesses remotely.
He explained that linking clinics, pharmacies and supply chains through data sharing can help detect disease trends early and prevent large outbreaks.
During the question session, speakers discussed challenges such as data privacy, incorrect AI outputs, biased systems, and resistance from some healthcare workers.
They recommended clear rules for AI use, fact-checking AI-generated information, and creating internal review teams to monitor its application.
In their closing remarks, the panel encouraged healthcare professionals to learn how to work with AI tools to improve efficiency. They also urged young Africans to see healthcare technology as a major opportunity for innovation and investment.
The webinar concluded that AI is here to stay in healthcare. But its success in Africa will depend on strong regulation, local adaptation and continued human oversight — especially in a sector where mistakes can cost lives.
General News
Conoil Bonanza Winners Emerge

Conoil Plc is spreading joy this Valentine season as the first group of winners in its Valentine Bonanza promotion have been announced and rewarded. Launched on February 14, the campaign continues to delight customers at participating retail outlets.

The initial raffle draw, conducted on February 21, saw fortunate customers receive ₦10,000 worth of free petrol each. The draw was carried out publicly, with media representatives present to ensure full transparency. With the promotion still ongoing, more customers have the opportunity to join in and potentially be among the next winners.
A Conoil Management spokesperson explained that the initiative is a way to show appreciation to loyal customers for their ongoing support. “Our customers have responded impressively to the bonanza, with strong participation recorded across our stations,” the spokesperson said.
The second and final phase of the promotion is now in motion. Customers who purchase at least 10 litres of petrol at any participating Conoil station remain eligible to win in the grand finale raffle.
The grand finale is set for February 28 at 12 noon. Motorists in Lagos and Ogun states are encouraged to visit Conoil outlets to collect their tickets and take part in the exciting conclusion of this Valentine celebration.
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