Banking
Peak Wazobia: A Story Of Quality Nutrition At Pocket Friendly Price
By Dipo Olowookere
If quality and affordability is what you are looking for, look no further. East, West, North or South; Peak Wazobia Milk is the brand that provides quality nutrition to all classes of people at a pocket friendly price.
Milk is a highly essential and nutritious dairy product fortified with essential nutrients to enhance the performance of the body and mind.
This dairy product forms a key part of most homes breakfast table and can be taken with cereals, pap, custard, tea and so many more. East or west, north or south there is no demographic barrier to the consumption of milk or is there a class of people that doesn’t consume this nutritious dairy product.
To make this nutritious product affordable to all, Peak Wazobia; A low unit portion pack (LUPP) at the unit price of N50 was recently introduced to Nigerians and the acceptance has spread rapidly like wild fire.
The reason is not far-fetched, Peak milk is an international brand which has been around in Nigeria for over 60 years, the name Peak Milk is synonymous with quality and is the choice of many homes.
According to Ifeanyi Hamilton; Managing Director of The New Diplomat Multimedia Limited, Peak Wazobia is a pocket friendly product that compliments his cup of tea every morning.
“I can’t leave my house in the morning without a cup of tea; Peak Wazobia Milk comes in handy just for that. With prices of milk shooting through the roof, the affordability of the Peak Wazobia is a welcome development. And don’t forget, it is the same widely accepted peak milk that all Nigerians have come to love” he said.
He is not alone, Opeyemi Adeyinka, also shared her Peak Wazobia experience.
“Peak Milk is an accepted brand that is synonymous with quality. That, coupled with the low price makes it a double winner. It sounds almost unbelievable that you can buy Peak Milk Wazobia for N50, but thanks to Peak Milk for making it happen.”
Mrs Isijola Bakare, a mother of two from Sango Ota in Ogun State said Peak Wazobia is her children’s favourite.
According to her, Peak Milk is a household’s name in the country and the introduction of the Wazobia pack has further entrenched its acceptance.
“I grew up knowing Peak Milk. In fact, Peak Milk is synonymous with milk in the country. The introduction of the Wazobia Pack is a welcome development. At this time that resources are scarce, it is good to know that you can get same quality at a lesser price,” she said.
“Whenever I go to the market with my kids, they always point to Peak Wazobia; they enjoy it with their cereal, beverages and also like to take it like that directly from the sachet.”
Samuel Onojafe, a blogger said the introduction of Peak Wazobia is the in thing for him now.
“Peak Milk is my all-time favourite milk, but with the state of the economy, I could not afford to buy as often as I wanted, you could then imagine my joy when I heard of the Peak Wazobia which sells for just N50.
“At first, I was a little bit sceptical that it was impossible to get the same quality associated with the iconic Peak Milk for that small amount, but, alas, a trial convinced me,” he said.
He went further to express gratitude to the company for supplying the nutritional need of Nigerians at such a small price.
It is not only consumers that are benefitting from the impact of Peak Wazobia, Adamu Abubakar, who operates a kiosk in Alagbado reveals that Peak Wazobia is one of the fastest moving products in his kiosk as customers are always demanding for the product which in turn translated to better sales.
“I go to the market almost every week as Peak Wazobia Milk is always in constant demand by customers, and you know the better the sale, the more money for me,” he said in smattering English language.
It’s not only the content that sets the product aside from its counterparts, the easy to use nature and well-designed pack makes it a choice for many.
With its mastery of the industry and ever improving innovation, it is safe to say that Peak Wazobia Milk has come to stay and will continue to be at the peak while providing nutrition at an affordable price.
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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