Banking
Access Bank Hosts Exclusive Roundtable For Women In Event Industry
Nigeria’s largest commercial bank, Access Bank Plc hosted a one-of-a-kind roundtable discussion under its transformative ‘’W’’ Initiative, focusing exclusively on empowering women in the events sector at the bank’s headquarters on Tuesday in Lagos.
This initiative underscored the bank’s commitment to fostering growth and providing tailored solutions for the ever-changing, dynamic and influential industry as the ‘’W’’ Initiative is poised to proffer customized solutions to address the emerging challenges in Nigeria’s Event Industry.
The ‘’W’’ initiative, a one-stop centre of all Access Bank’s women empowerment offerings is fully prepared to boost the capacity of female entrepreneurs who currently dominate the event sector as the bank goes beyond internal strategies and engages directly with industry stakeholders to gain a profound understanding of their challenges and aspirations through a strategic roundtable discussion
The roundtable featured insightful breakout sessions where attendees were segmented into sub-sectors such as event decorations, rentals, and event planning. Representatives from Access Bank and the W Initiative led constructive discussions, actively listening to the specific needs of each sub-segment.
Attendees voiced their challenges to scale including increased moratorium periods, lower interest rates, instalment payment plans for essential equipment, exhibition platforms for brand visibility, streamlined documentation processes for loan acquisition, and seamless account opening procedures.
Abiodun Olubitan, Group Head of Women Banking at Access Bank Plc, addressed these concerns, stating: “You hear a lot of people talk about loans and they want training and support. When they say support, everything I hear is loan and training and that already we have. However, we might not call it a name (like) ‘loan for caterers’, so maybe you’re waiting for that.
There is a big umbrella of loans which we call the W Power Loan which is available for market expansion or business expansion as the case may be. It’s available for working capital. It’s available for asset acquisition, and every of those loan needs falls into this basic category. So, already, we have something for them but then, we are now trying to bring it to their fore.” She concluded.
Gbemisola Ajibulu, Team Lead for Women Banking at Access Bank Plc, highlighted the significance of the events industry, valued at over N20 billion, and the bank’s dedication to creating fit-for-purpose products that cater to the unique needs of this burgeoning sector.
The event also provided a valuable networking opportunity for industry players. Brand Storyteller Bolanle Olosunde-Jenrola led an engaging session titled: “Optimizing Social Platforms for Brand Visibility,” equipping attendees with actionable strategies to enhance their global brand presence through social media.
Leaders from prominent industry associations, including the Rental Professional Society of Nigeria, Association of Venue Owners of Lagos, Professional Food Service Owners Providers of Nigeria, Association of Event Vendors of Nigeria, and Association of Party Planners of Nigeria, were also in attendance.
As a highlight, Ogunmuyiwa Oyelola Sarah, an excited bride-to-be, won an extraordinary wedding package comprising a fully decorated event centre, a three-tier cake, traditional Alaga service, event management and coordination, and a media team – all complimentary for her upcoming nuptials.
The roundtable discussion is one of many ‘’W’’ Initiative sessions aimed at empowering women across diverse industries and regions in Nigeria.
About the ‘’W’’ Initiative
The “W” Initiative is Access Bank’s comprehensive centre for women empowerment offerings. These offerings encompass capacity-building programs, mentorship opportunities, and maternal health services, all designed to contribute to a stronger, more sustainable society.
To explore the full suite of W Initiative offerings, visit: https://www.accessbankplc.com/sustainable-banking/our-community-investment/the-w-initiative or follow @thewcommunity on Instagram.
By Modupe Gbadeyanka
The six edition of the Hackaholics of Wema Bank Plc has produced 20 top finalists shared equally between two streams, Ideathon and Hackathon.
The Hackathon finalists are Rapid DEV, Secure IT, Neurafeed, Trust Lock Babcock, Pulse Track, IlluminiTrust, Trust Lock FUTA, Fix Fraud AI, KASH Flow and VOC AI.
The Ideathon finalists include PLOY, Fertitude, VarsityScape, Mama ALERT, StockMed, Chao, All Arbitrate, FarmSlate, Sane AI and Cycle X.
They emerged after a two-day pre-pitch held on December 16 and 17, 2025, for the grand finale slated for Friday, December 19, 2025.
They grand finale of Hackaholics 6.0 will convene the top players in Africa’s tech and innovation ecosystem, creating an avenue for these finalists to not only put their creativity to the ultimate test but also give their solutions visibility to potential investors for additional funding opportunities beyond the prizes to be won.
The prizes to be won for the Ideathon include N25 million for the winner, N20 million for the first runner-up, N15 million for the second runner-up and N5 million each for two women-led teams.
In the Hackathon category, the first to fourth-place winners will receive N20 million, N15 million, N10 million and N5 million, respectively.
The pre-pitch saw the top 43 contenders battle in a game of innovation and problem solving, presenting compelling pitches for a chance to make it to top 10 in their respective streams.
After a rigorous stretch of pitches and presentations, the top 20 emerged, securing their spot in the grand finale of Hackaholics 6.0.
“Hackaholics started off as a hackathon and morphed into an ideation. For Hackaholics 6.0, the sixth edition, we decided to give both the builders of new solutions and the refiners of existing ones, an opportunity to make meaningful impact.
“For us at Wema Bank, we understand that innovation isn’t just building from scratch. Sometimes, it’s looking at what exists and developing new ways to optimise that and create more efficiency. This is the idea behind our two-stream Ideathon-Hackathon structure.
“Every year, Hackaholics shows us just how eager and motivated Nigerian youth are when it comes to exploring creativity and innovation, and we are honoured to be the institution that provides them with the platform and resources to put this drive to good use.
“We toured seven cities, indulged 1,460 participants and discovered hundreds of remarkable ideas; some of which needed some refining and some of which deserved to move to the next stage.
“For those who needed to go back to the drawing board, we provided useful guidance and for the top contenders, we were able to shortlist to the top 43, who proceeded to the pre-pitch. To every participant, Wema Bank is proud of you. This is just the beginning,” the chief executive of Wema Bank, Mr Moruf Oseni, said.
By Adedapo Adesanya
The Nigeria Customs Service (NCS) says it will enforce penalties against designated banks that delay the remittance of customs revenue, in a move aimed at strengthening transparency and safeguarding government earnings.
This was disclosed in a statement on the NCS official account on X, formerly known as Twitter and signed by its spokesman, Mr Abdullahi Maiwada, who said the delays undermine the efficiency, transparency, and integrity of government revenue administration.
“The Nigeria Customs Service has noted instances of delayed remittance of customs revenue by some designated banks following reconciliation of collections processed through the B’odogwu platform,” the statement read.
“Such delays constitute a breach of remittance obligations and negatively impact the efficiency, transparency, and integrity of government revenue administration.
“In line with the provisions of the Service Level Agreement executed between the Nigeria Customs Service and designated banks, the Service hereby notifies stakeholders of the commencement of enforcement actions against banks found to be in default of agreed remittance timelines.”
Mr Maiwada disclosed that any bank that fails to remit collected Customs revenue within the prescribed timeline will be liable to penalty interest calculated at three per cent above the prevailing Nigerian Interbank Offered Rate for the period of the delay.
He added that affected banks would be formally notified of the delayed amounts, the applicable penalty, and the deadline for settlement.
“Accordingly, any designated bank that fails to remit collected Customs revenue within the prescribed period shall be liable to penalty interest calculated at three per cent above the prevailing Nigerian Interbank Offered Rate for the duration of the delay.
“Affected banks will receive formal notifications indicating the delayed amount, applicable penalty, and the timeline for settlement,” the statement read.
By Aduragbemi Omiyale
The deputy managing director of First Bank of Nigeria (FBN) Limited, Mr Ini Ebong, has offloaded some shares of FBN Holdings Plc, the parent firm of the banking institution.
A regulatory notice from the Nigerian Exchange (NGX) Limited confirmed the development on Thursday.
It was disclosed that the transaction occurred on Friday, December 12, 2025, on the floor of the stock exchange.
The sale involved about 11.8 million shares, precisely 11,783,333 units traded at N31.14 per share, amounting to about N366.9 million.
Mr Ebong, who studied Architecture from University of Ife and obtained Bachelor and Master of Science degrees, became the DMD of First Bank in June 2024. Prior to this appointment, he was Executive Director, Treasury and International Banking since January 2022.
He was previously the Group Executive, Treasury and International Banking, a position he held since 2016 after serving as the bank’s Treasurer from 2011 to 2016.
Before joining First Bank, he was the Head of African Fixed Income and Local Markets Trading, Renaissance Securities Nigeria Limited, the Nigerian registered subsidiary of Renaissance Capital. He also worked with Citigroup for 14 years as Country Treasurer and Sales and Trading Business Head.
He has a passion for market development and has worked actively to drive change and internationalisation of the Nigerian financial markets: foreign exchange, fixed income and securities.
He has worked closely with regulatory bodies such as the Central Bank of Nigeria (CBN) and the Debt Management Office (DMO) in assisting with the development of fresh monetary and foreign exchange policies, to broaden and deepen markets and open them up to international practices.
At various times he has facilitated and delivered courses and seminars on a wide variety of subjects covering Money Markets, Securities and Foreign exchange trading and market risk management subjects to regulators, corporate customers, banks and market participants.
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