Banking
YEA5: Fidelity Bank Trains Kano Youth on Business Skills
By Modupe Gbadeyanka
Over the weekend, more than 200 undergraduates in Kano States received training in various skill areas including, Fashion Designing, Makeover, Henna Design, New Media Marketing, Baby Bag Making, Bead Making, etc.
The empowerment programme was organized by Fidelity Bank Plc in partnership with Gazelle Academy and Bayero University Kano.
The week-long entrepreneurship training programme, which was put together in consistent with the bank’s unbridled commitment to youth empowerment in Nigeria, came up under the Fidelity Youth Empowerment Academy stream 5 (YEA 5).
It is part of the lender’s Corporate Social Responsibility (CSR) initiatives primarily targeted at creating a new breed of entrepreneurs amongst Nigeria’s boisterous youth population.
Speaking at the closing ceremony of the fifth edition of the YEA 5 held in Kano State, the bank’s Deputy Managing Director, Mr Mohammed Balarabe, said that the skills acquisition programme seeks primarily to offer undergraduates of tertiary institutions with vocational skills and enterprise training needed to become thriving business owners.
Whilst stating that the programme teaches students vocational skills as an alternative to white-collar jobs, Mr Balarabe explained that the initiative will guarantee financial independence among the youths and ultimately alleviate poverty.
“Since its inception, four editions have held successfully at institutions in Enugu, Birnin Kebbi, Anambra and Rivers states with over 2,000 participants. In essence, we have succeeded in making entrepreneurs out of students who will be financially responsible and independent,” he said.
Mr Balarabe commended the students for their commitment and performance during the course of the training programme.
The DMD, while quoting John Maxwell, stated that, “Successful and unsuccessful people do not vary greatly in their abilities. They vary in their desires to reach their potential.” He challenged the students to go out there and fulfill their dreams.
The Director, Public Affairs of BUK, Malam Ahmed Shehu who commended Fidelity Bank for the initiative called on other corporate organisations to emulate the bank in giving back to the society through laudable youth empowerment programmes like YEA5. Shehu also lauded the bank for consistently delivering unmatched financial services to the university community and the citizens of Kano State.
Speaking in the same vein, Muna Onuzo, Founder, Gazelle Academy thanked the participants for their zeal and active participation as evidenced by the number of things ranging from bags, clothing apparels, beadworks, cocktails that were made by them and on display for visitors who thronged the school to witness the closing ceremony.
“We give our students the ability to stand and build their business. We start by teaching them the skills of the trade and then we empower their mind so that the inner disabilities won’t limit them from actualising their true potential. We also teach students how to run a business that is clean, sustainable and viable,” she explained.
By Modupe Gbadeyanka
In recognition of its strategic leadership in advancing the growth and resilience of small and medium-sized enterprises (SMEs), Union Bank of Nigeria Plc has been honoured by the Association of Small Business Owners of Nigeria (ASBON).
The lender was rewarded by the group for its suite of solutions designed to enable business expansion and long-term value creation.
At the Nigeria National SME Business Awards, held recently in Lagos, Union Bank was given the Best SME Growth Banking Initiatives Award for 2025.
The ceremony was organised by ASBON in partnership with the Lagos State government through the Ministry of Commerce, Cooperatives, Trade and Investment.
The event convened stakeholders from the public and private sectors to recognise individuals and organisations driving meaningful impact across Nigeria’s SME ecosystem.
Receiving the award on behalf of the bank, its Head of SME Segment, Mr Ayokunnumi Abraham, described the recognition as a strong endorsement of the organisation’s commitment to supporting small and medium-sized businesses.
“We are honoured to receive this recognition, which reflects Union Bank’s continued commitment to helping SMEs grow by making banking simpler, faster, and more accessible.
“Through enhancements to our specialised platforms such as Union360, we have meaningfully reduced the time it takes for businesses to come on board and begin transacting.
“These improvements have shortened onboarding, increased digital adoption among our SME customers, and supported the acquisition of new business clients. Our focus remains on delivering practical solutions that help Nigerian businesses thrive,” he stated.
By Modupe Gbadeyanka
The stellar contributions of Polaris Bank Limited to youth employment, talent development, and workforce empowerment across Nigeria have not gone unnoticed, as the company was recently recognised at an event in Lagos.
At the 2026 Jobberman Partners’ Convening, the financial institution was bestowed with the Private Sector Champion Award.
The award recognises private sector organisations that have demonstrated exceptional commitment and leadership in advancing youth employability through impactful recruitment initiatives, graduate trainee programmes, executive hiring support, candidate assessment programmes, and strategic partnerships that create sustainable career opportunities for young Nigerians.
Themed From Impact to Action: Collectively Designing the Future of Youth Employment in Nigeria, the convening focused on fostering collaboration between the private sector and other stakeholders to expand access to meaningful employment opportunities and equip young Nigerians with the skills and opportunities required to succeed in an evolving economy.
On the recognition, Jobberman commended Polaris Bank for consistently going beyond transactional partnerships to deliver measurable impact within Nigeria’s employment ecosystem. The renowned recruitment firm described Polaris Bank as a credible and purpose-driven institution committed to advancing youth employability and supporting the future of work in Nigeria.
The Head of Talent Management at Polaris Bank, Ms Cynthia Sanyaolu, reaffirmed the lender’s commitment to empowering young Nigerians and strengthening the nation’s workforce through strategic people-focused initiatives designed to create long-term economic and social impact.
“This recognition reflects Polaris Bank’s unwavering belief in the potential of the Nigerian youths and our commitment to building platforms that enable them to thrive professionally and economically.
“At Polaris Bank, we see talent development and youth empowerment as critical drivers of national growth and sustainable development,” she stated.
Over the years, Polaris Bank has continued to invest in initiatives that promote learning, career growth, workforce inclusion, and economic empowerment.
Through strategic Graduate Trainee recruitment programmes via its flagship Polaris Graduate Intensive Training (PGIT) and Polaris Tech Ignite Training (TechIGNITE), among other talent development initiatives, and collaborative partnerships, the bank remains committed to supporting the next generation of Nigerian professionals while contributing to national development.
By Aduragbemi Omiyale
Plans are underway by Ecobank Transnational Incorporated (ETI) to approach the international debt market for a capital raise.
The parent company of the Ecobank Group intends to use proceeds from the proposed exercise to refinance “the concurrent any-and-all tender offer of the ETI $350 million 8.750 per cent tier 2 notes due June 2031.”
However, the issuance of the notes is subject to prevailing market conditions and the conclusion of the necessary transaction documentation, a statement signed by the organisation’s chief financial officer, Mr Ayo Adepoju, stressed.
After issuance, the debt instrument may be listed on the London Stock Exchange, with the expectation that the bonds will be traded on its regulated market.
Ecobank noted that it would allocate an amount equivalent to the full net proceeds of the issue of the notes to finance or refinance, in part or in full, new and/or existing eligible assets as described in its Green Bond Framework (Ecobank-Sustainability), as amended and supplemented from time to time.
Ecobank, which has banking operations in 34 countries in Africa, is listed on the Nigerian Exchange (NGX) Limited, the Ghana Stock Exchange and the Bourse Régionale des Valeurs Mobilières (Stock Exchanges).
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