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FirstBank UK Adopts Bloomberg TOMS To Optimize Fixed Income Workflow   

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Bloomberg announced today that FirstBank UK Limited (FirstBank UK), the UK subsidiary of First Bank Nigeria Limited, the premier West African bank, has adopted Bloomberg’s Trade Order Management System (TOMS). By integrating TOMS into its workflow, FirstBank UK will have access to a comprehensive suite of data and analytics, communications, as well as order and execution management solutions, enabling it to streamline its fixed income bonds business.

FirstBank UK is a niche market-maker to its customers in Africa. The business provides market liquidity in cash bonds, primarily in Nigerian, Angolan, Egyptian and Ghanaian Eurobonds to manage risk and optimize its inventory. Thanks to Bloomberg’s coverage, TOMS enables the trading desk of FirstBank UK to support its client base and to monitor its positions, profit and loss (P&L) and Risks.

“By integrating with our existing systems, Bloomberg TOMS provides FirstBank UK with a complete end-to-end trading workflow covering African bonds in most of our home markets,” said Olukorede Adenowo, CEO-designate at FirstBank UK.“ The solution enables us to focus on expanding our footprint in the African Fixed Income landscape and deliver a first-in-kind service to our customers in Africa.”

“We are pleased to help FirstBank UK enhance operational efficiency across its enterprise with our award-winning sell-side order management solution TOMS,” said Lisa Bravo, Global Head of Sell-Side OMS at Bloomberg. “TOMS empowers firms to create a seamless workflow from their front and middle-office, through to their operations and enterprise applications, while concurrently delivering their front office users with real-time execution, risk and P&L analytics.”

FirstBank UK has further digitized its order management workflow by offering clients access to liquidity on its own Eurobond Single-Dealer Platform. The application has been integrated with Bloomberg TOMS to centralize both order handling and aggregated custom analytics and liquidity tools within a single interface, to be hosted and connected to multiple trading venues. “The integration of TOMS with our custom-built electronic trading platform, allows our customers real-time access to liquidity in our markets, something unique to the majority of our customers,” said Robert Hagenaars, Head of Markets at FirstBank UK.

For additional information about Bloomberg’s sell-side solutions, please click here.

  • About Bloomberg

Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

  • About FirstBank UK Limited

FirstBank UK is the international banking arm of First Bank of Nigeria Limited, the premier West Africa financial institution. As a full-service bank, FirstBank UK offers capital markets, corporate, institutional, and private banking services to promote investment and trade in Africa. FirstBank UK is a licensed bank in the United Kingdom authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. For more information, please visit www.fbnbank.co.uk

  • About First Bank of Nigeria Limited

First Bank of Nigeria Limited “FirstBank”, established in 1894, is the premier bank in West Africa and one of the leading financial inclusion service providers in Africa.

With over 750 business locations and over 215,538 Banking Agents spread across 99% of the 774 Local Government Areas in Nigeria, FirstBank provides a comprehensive range of retail and corporate financial services to serve its over 42 million customers. The Bank has an international presence with subsidiaries operating in 9 other countries. These subsidiaries are FirstBank (UK) Limited in London and Paris, FirstBank in The Gambia, FirstBank in Sierra-Leone, FirstBank in the Republic of Congo, FirstBank in Guinea, FBNBank in Ghana, FBNBank in Senegal as well as a Representative Office in Beijing, China. The Bank is at the forefront of promoting digital banking in the country and has issued over 12 million cards, the first bank to achieve such a milestone.

For more information, please visit www.firstbanknigeria.com.

BIG STORY

Father Of Man Who Killed Mother, Six Children Wants Him Killed Without Trial

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Malam Auwal, the father of Umar Auwal, who was accused of killing a mother and her six children, has said he should be killed without trial.

He said his son had earlier killed his sister and plucked out her eyes, apart from the other two housewives he also murdered.

Auwal, who spoke in an interview on a radio station, said: “What he committed against my younger sister and her six children, my wife’s younger sister, and her co-wife is condemnable.

“I distance myself from him.

“I don’t even want them to waste time on prosecution.

“Umar and his likes are supposed to be eliminated.

“They are not supposed to be remanded and fed with taxpayers’ money.”

Auwal, who commended the police for their handling of the case, said neither he nor his wife would attend court proceedings during the trial.

Umar was accused of murdering his aunt, Fatima Abubakar, 35, and her six children in their residence at Dorayi Gidan Kwari, Kano, Kano State.

The names and ages of the children were given as Maimuna (17), Aisha (16), Bashir (13), Abubakar (10), Faruk (7), and Abdussalam (one-and-a-half years old).

The Kano State Police Command said the suspect had confessed to the killings as well as those of two housewives in the Tudun Yola area of the state.

 

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BIG STORY

Pressure Mounts on Omooba Abimbola Onabanjo To Step Down But He Refuses As Political Plot To Capture Awujale Stool Falters

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A determined bid to force Omooba Abimbola Onabanjo out of the ongoing Awujale succession process has stalled in Ogun State, as the prince has refused all pressure to step down despite tactics that insiders describe as intimidation, institutional threats, and cultural blackmail.

Palace and civic sources disclosed that the pressure campaign began after kingmakers from the Fusengbuwa ruling house refused to nominate an aspirant believed to be the preferred choice of powerful political figures in the state. The refusal reportedly disrupted the political plans and triggered a coordinated attempt to push Onabanjo out of the race.

Selection Process Suspended after Kingmakers Reject Unworthy Candidate

The selection process was later suspended, a move insiders say was connected to the failed attempt to impose the preferred aspirant. According to those familiar with the matter, the kingmakers insisted that they would not nominate strangers, unworthy persons, or candidates who do not possess the cultural legitimacy required for the ancient throne.

Kingmakers Face Threats Over Ijebu Development Projects

In a dramatic twist, palace sources alleged that the kingmakers were told that if they failed to nominate the candidate preferred by the political class, there would be no Ijebu State and the long-awaited Ijebu Dry Port project would be suspended. Both projects have been major aspirations of the Ijebu people for decades.

A palace source described the development as shocking and disgraceful, noting that weaponizing development against a cultural institution is an insult to the community.

Attempt to Use Institutions Backfires

After failing to bend the kingmakers, attention shifted toward eliminating Onabanjo from the contest. Petitions were reportedly taken to the Economic and Financial Crimes Commission and the Department of State Services in an attempt to intimidate him. However, sources claimed that both institutions indicated that they found nothing against him and would not be used as instruments in the succession struggle.
With that avenue blocked, analysts say conversations began about formulating fresh accusations and smear attacks to weaken the prince’s public standing before the process resumes.

Public Outrage as Communities Push Back

The revelations have generated outrage across Ijebu land, with civic voices demanding that politicians withdraw from the succession process before further damage is done.

“This is oppression disguised as politics,” said Kazeem Shobande, a civic advocate in Ijebu Ode. “Threatening to suspend Ijebu State or the dry port project simply because you want to install your own candidate is an insult to the entire community.”

“This is favouritism mixed with entitlement,” added Mrs Funmilola Adekunle of Ijebu Imushin. “Tradition cannot be rigged. The kingmakers have said they will not nominate unworthy candidates. Politicians must not trivialize their own legacies or ridicule the throne.”

Retired civil servant and cultural historian Oladipo Onifade warned that the interference risks reducing the Awujale stool to a tool for political bargaining. According to him, even colonial administrators avoided meddling in the Awujale succession, and modern leaders should avoid disgracing themselves.

Onabanjo Stands His Ground

Despite private emissaries and attempts at negotiation, sources close to Onabanjo confirmed that he has refused to step down. The prince reportedly told associates that the throne belongs to Ijebu sons and that the succession must follow tradition, not political preferences.

A Struggle Between Tradition and Power

Observers warn that continued interference risks triggering a legitimacy crisis and setting a dangerous precedent in Yoruba land. With the selection process still suspended, civic groups are calling for its immediate resumption, free from political influence.

For now, political actors have failed to push Onabanjo out and have attracted condemnation for attempting to manipulate one of the most ancient royal institutions in the region.

Whether they escalate further or withdraw from the arena remains to be seen.

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BIG STORY

Malami Accuses DSS of Denying Him Access To Family, Legal Team

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Abubakar Malami, former Attorney-General of the Federation (AGF) and Minister of Justice, has accused the Department of State Services of denying him access to his family members and legal team.

Malami, who is standing trial alongside his son and wife over allegations bordering on money laundering, was arraigned by the Economic and Financial Crimes Commission (EFCC) and subsequently remanded at the Kuje Correctional Centre in Abuja.

On January 7, a federal high court in Abuja granted him bail in the sum of N500 million.

However, shortly after his release from the facility on Monday, DSS operatives arrested Malami at the front of Kuje prison.

The former minister was reportedly re-arrested following the alleged discovery of arms at his residence.

In a statement on Wednesday, Mohammed Doka, the media aide to the former AGF, said the reports that DSS found arms at Malami’s residence are “false, unsubstantiated and unsupported by any official record”.

Doka said no such discovery has been formally communicated to Malami’s family or legal representatives.

He said the “prolonged isolation” of Malami by the DSS raises legitimate concerns regarding his safety, welfare, and constitutionally guaranteed rights. ”

“We categorically reject claims that any cache of arms or ammunition was discovered in any residence linked to Abubakar Malami, SAN,” the statement reads.

“These claims are false, unsubstantiated, and unsupported by any official record, judicial document, or lawful disclosure. No such discovery has been formally communicated to his family or legal representatives.

“We also firmly deny allegations or insinuations linking Abubakar Malami, SAN, to terrorism, terrorism financing, or related activities.

“Such claims have been advanced without naming a single individual, organisation, transaction, date, or piece of verifiable evidence, rendering them speculative and irresponsible.

“Since his arrest on Monday by the DSS, Abubakar Malami, SAN, has been denied access to his family, legal team, and associates.

“This prolonged isolation raises legitimate concerns regarding his safety, welfare, and constitutionally guaranteed rights, including access to legal counsel and family contact.

“We further express concern over the undue hardship and emotional strain placed on his family and staff as a result of sensational reporting and unverified narratives.

“It is important to note that Abubakar Malami, SAN, is a prominent chieftain of the African Democratic Congress (ADC) and has publicly declared his intention to contest the Kebbi State governorship election in 2027.

“Against this background, the political undertones now surrounding this matter cannot be ignored. Legal processes must remain insulated from political considerations.”

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