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Heritage Bank Plc, Nigeria’s Most Innovative Banking Services Provider, has taken its campaign for concerted efforts for the growth of agribusiness and commerce in Nigeria to another level as it wants the bilateral agreement signed by Lagos and Kano States to provide for a Commodity Exchange.

The two states signed the Memorandum of Understanding (MoU) on yesterday at the Lagos-Kano Economic and Investment Summit held at the Jubilee Chalets, Epe, Lagos. The goal of the pact was to ensure the collaboration between the two states boost commerce and agribusiness and consequently increase the revenue generation by the states.

Speaking at the event during the plenary session on: Growth & Investment Opportunities in Agribusiness – Value Chain Approach, Olugbenga Awe, Group Head, Agric Financing, Heritage Bank, said there was an urgent need for the establishment of a Commodity Exchange; stating that it would provide the platform necessary for the success of the MoU signed by the states.

Awe said if the Exchange was established, it would make future contracts between traders and speculators in both states and others more possible and thereby enhance agribusiness in the country generally. Specifically, he stated that the establishment of a Commodity Exchange would help to put the activities of grain farmers and others in Dawanau market, Kano; and others in spotlight.

According to him, the volume of agribusiness and commerce going on daily in Dawanau market, which is the hub of grains and seeds trading across the world, needs to be complemented by appropriate policies.

Based on this, Awe advised the two states to ensure that the MoU they signed captures the establishment of a Commodity Exchange. Doing that, he stated, would make traceability possible for every produce traded on the floor of the exchange unlike now when grains sourced in Kano or Lagos could be sold and consumed in other part of the country without knowing its source.

Today, goods sourced at Dawanau are, daily, transported to Togo, Burkina Faso, Cameroon, Chad, Niger, Ghana Central African Republic, South Africa, Libya and other African countries. Again, traders from Burma, Dubai, India, China, Britain, America, Saudi and other countries patronize the grains/seeds market for items like Moringa seed and leaf, Sesame seed, Hibiscus flower (Sobo) and other items such as Soya beans, Beans, Cassava, Millet, and Guinea corn without any credit given to their farmers and Nigeria.

Awe therefore said the Commodity Exchange would help to address issues like that, adding that it would also encourage farmers to put in more efforts in planting more grains.

Similarly, Dr. Sani Hussaini Sagagi, Deputy Country Director, Sasakwa Africa Association, Nigeria; said any country that wants to progress must take cognizance of its population structure when formulating policies.

According to him, the Africa’s population would increase to 1.4 billion in the next 12 years, while it would be 2.5 billion in 2030. Sagagi warned that over 50% of that would be majorly young men and women who would choose to live in urban areas with the motive of getting white collar jobs. He disclosed that there would be food shortage and climate change, which would cause 50% yield reduction in agribusiness.

Sagagi therefore said the two state governments must, as from today, begin to put the mechanism in place to address the social menace that would arise because of the surge in populace. He expressed optimism that the agreement signed by Lagos and Kano States would help a lot in finding solace to the possible challenges that would arise in the future.

Also present at the occasion was Richard Sandall, Senior Private Sector Development Adviser, the UK’s Department for International Development (DFID). Sandall identified financing, security and land as some of the challenges militating against smooth agribusiness in Africa. However, he said the DFID was established with the aim of supporting Africa to address issues like that.

Sandall stated: “Apart from working on alleviating the constraints, DFID also focuses on assisting in formulating appropriate policies that would nip those challenges in the bud”.

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BUSINESS

Wema Bank Set To Sponsor Celebrity Performance At Couple’s Wedding

Published

1 day ago

February 14, 2026

PorscheClassy News

In the spirit of the season of love, Wema Bank has announced the couple who will be getting a special celebrity artiste performance at their wedding on Valentine’s Day, February 14, 2026: The bride, Rita Ndukwe, and the groom, Jemil Adama.

Inspired by the “Evolution” theme of its upgraded ALAT App tagged “ALAT: The Evolution”, Wema Bank launched its Valentine campaign on February 1, 2026, with a focus on celebrating the journey of love across four categories: self-love, friendship, romantic relationships, and marriage.

“Evolution Of Love, Powered by Wema Bank” called on singles, friends, lovers, and married couples to post a 1-minute video sharing their love journey and how it has evolved over the years. At 3 p.m. on Thursday, February 12, the Bank announced the couple who would be getting the ultimate love experience: a celebrity artiste performance live at their wedding on February 14th.

The internet has been buzzing in excitement and anticipation of the celebrity artiste Wema Bank is bringing to the special Valentine’s wedding this weekend.

Updates are available on the Bank’s social media platforms @wemabank. Anyone interested in following the conversation and watching the big reveal of the celebrity artiste is encouraged to turn on post notifications and use #ALATEvolutionOfLove to stay up to date.

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BUSINESS

Adron Homes Celebrates 14 Years of Excellence, Reaffirms Commitment To Affordable Housing and Sustainable Communities

Published

1 week ago

February 7, 2026

PorscheClassy News

Adron Homes and Properties Limited, a leading player in Nigeria’s real estate industry, proudly celebrates its 14th Anniversary, marking over a decade of transformative impact in affordable housing delivery, sustainable community development, and structured urban growth across the country.

Over the last fourteen years, Adron Homes has evolved into a nationally recognised real estate powerhouse, delivering over 60 livable estates and communities across Nigeria and enabling more than 100,000 Nigerians to achieve their property ownership dreams. With strategic developments spanning Ibeju Lekki, Lekki-Epe, Badagry, Shimawa, Papalanto, Sagamu, Abeokuta, Ibadan, Osun, Ekiti, Abuja, Nasarawa, Niger State, and other emerging urban corridors, the company continues to reshape access to land and housing through affordability, innovation, and long-term planning.

Speaking on the milestone, the Chairman/CEO of Adron Group, Aare Adetola Emmanuelking, described the anniversary as a celebration of vision, resilience, and unwavering commitment to empowering Nigerians through property ownership.

“Fourteen years ago, we set out with a clear vision to make property ownership accessible and achievable for every hardworking Nigerian. Today, we celebrate not only the growth of Adron Homes but the countless families whose dreams have become reality through our communities. Our journey has always been about impact, empowerment, and building environments where people can truly thrive.”

Highlighting the company’s philosophy of developing structured environments rather than just selling land, the Chairman emphasised Adron Homes’ focus on sustainable urban planning and community building.

“At Adron Homes, we build cities, not just estates. Each development reflects thoughtful planning, infrastructure, accessibility, and a long-term vision for modern living. As Nigeria continues to urbanise rapidly, our mission is to ensure that growth is inclusive, structured, and sustainable.”

Aare Adetola Emmanuelking also acknowledged the role of customers, staff, stakeholders, and media partners in the company’s sustained growth and national relevance.

“This milestone is a testament to the trust of our customers, the dedication of our workforce, and the unwavering support of our partners and stakeholders. Together, we have demonstrated that affordable housing can be delivered with quality, innovation, and integrity.”

Looking ahead, Adron Homes reaffirmed its commitment to expanding mass housing solutions, embracing technology-driven real estate innovations, and strengthening partnerships that contribute to Nigeria’s economic development and housing accessibility.

“The future of Adron Homes is defined by innovation, expansion, and deeper community impact. We remain committed to democratizing property ownership, building sustainable communities, and shaping the future of real estate in Nigeria for generations to come.”

As Adron Homes marks 14 years of excellence and national impact, the company continues to position itself as a catalyst for structured urban development and a trusted partner in the realization of property dreams across Nigeria.

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BUSINESS

Wema Bank Launches “Evolution of Love” Campaign For Valentine’s Day

Published

2 weeks ago

February 1, 2026

PorscheClassy News

Following the launch of “ALAT: The Evolution”, Wema Bank, Nigeria’s oldest indigenous bank, most innovative, and pioneer of Africa’s first fully digital bank, ALAT, has launched its 2026 Valentine’s campaign tagged “Evolution of Love, powered by Wema Bank”.

Inspired by the “evolution” theme of its upgraded ALAT app, Wema Bank launched the “Evolution of Love” campaign with the goal of celebrating different forms of love experienced by customers, and how they have evolved. From self-love to friendship, romantic love to family, this campaign introduces a fresh twist to Valentine’s, decentralising romantic love and creating a space for every Wema Bank customer this season of love.

“Evolution of Love, powered by Wema Bank” calls on new and existing Wema Bank customers across 4 categories: Singles [self-love], friends [friendship], married couples, and those getting married this February [romantic love]. While the gifts vary across each category, the requirement is the same—create a Love Goal on the ALAT App and submit a 1-minute video on any social media platform sharing how your love journey has evolved over the years, for access to gifts ranging from cash to spa vouchers, vacations and expense-paid getaways, and for one couple getting married in February, a special performance at the wedding from a celebrity artiste, courtesy of Wema Bank.

Announcing the campaign, Wema Bank’s MD/CEO, Moruf Oseni, gave further insights into the Bank’s approach to celebrating Valentine’s this year. According to him, “Love is central to the delivery of true customer-centric service, and as a Bank that prides itself on being customer-centric, this is reflected in the thought, intentionality, and commitment we put into all we do at Wema Bank. It has always been clear how much we care about our customers, and this year, we decided to celebrate the journey of love across different categories that reflect the different experiences and realities of our customers, from friends and couples who have grown together over the years to lovers taking the bold step of marriage and even singles, because self-love is crucial”.

“This Valentine’s, we chose to acknowledge the beauty of every love journey, and we are inviting all new and existing customers who have a story to share. For friends and singles, our goal is to promote true friendship and self-love. For families and married couples, our goal is to strengthen bonds by reminding them of how far they have come. For those intending to get married, we are adding one more memorable touch to their wedding with a special artiste performance. Our ultimate goal is for every Wema Bank customer to feel loved this season and beyond,” Oseni concluded.

Anyone interested in submitting their entry is encouraged to make a 1-minute video sharing their love journey and, where applicable, feature the person with whom their love has evolved. All submissions are to be posted on any social media platforms using #ALATEvolutionofLove and tagging @alat_ng and @wemabank.

To be eligible, customers are expected to activate SAW, the Voice Banking virtual assistant on the upgraded ALAT App, create a personal or group goal on the app with the name “Love Goal”, fund the goal and transact with their ALAT/Wema card between February 1st – February 10th.

More details on qualification criteria are available at wemabank.com/love

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