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Nigeria’s Leading Female Entrepreneurs Gather At WHATRYBE 2.0 To Empower Women [PHOTOS]

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…harp on the need for women to seize business initiatives

The 2024 edition of edition of the Women High Achievers Trybe (WHATRYBE) recently held at the highbrow Oriental Hotel, Lekki, Lagos on October 3, 2024 with some of the leading female entrepreneurs in Nigeria on hand to give business nuggets and ideas to the over 500 women entrepreneurs in attendance. Princess Layo Bakare Okeowo, CEO of FAE Limited and Abimbola Balogun of So Fresh Limited delivered the keynote addresses.

Key highlights of the event included:

– Panel Session 1: “Money Moves” – Etemore Glover, Sola Adesakin, and Grace Ofure discussed funding opportunities for businesses, including strategies to attract angel investors and securing financial stability for women entrepreneurs.

– Interactive Break – Attendees participated in a “Find the Clue” game, with winners walking away with exciting freebies during the tea break.

– Panel Session 2: “Brand Magnetism” – Tolulope Medebem and Dr. Olatunde Samson led discussions on the importance of creating excellent customer experiences and leveraging digital marketing for business growth.

– Grants and Prizes – Two women won grants of ₦100,000 for their businesses, and three others received free business registrations, highlighting the conference’s commitment to empowering female entrepreneurs.

– Panel Session 3: “Flame Keepers” – Mounfiq Raiyan Abu, a life sync expert, took attendees through a motivational journey, emphasizing the importance of staying aligned with one’s purpose: “Sync, not sink.” Damilola Saula, a photographer, followed with a hands-on tutorial on content creation, proving that high-quality work can be achieved without expensive equipment.

– Health Talk – Dr. Ede Edokpolo wrapped up the sessions with a health-focused discussion on managing stress and maintaining overall well-being, offering essential tips for busy women professionals.

Hosted by the charismatic Olive Emodi, the conference provided not only knowledge and inspiration but also practical tools to help women break through their challenges and build bridges to greater opportunities.

This year’s conference underscored the strength and unity of women in business and leadership, leaving attendees inspired and equipped to continue breaking barriers and building bridges in their respective fields.

The annual conference convened by fashion icon and entrepreneur; Mrs. Kiki Okewale of Hope by Kiki saw more than 500 business entrepreneurs in attendance. The event saw passionate exchanges and impactful moments as attendees explored how women can thrive in business, leadership, and personal development.

In her opening address, Mrs. Okewale charged the women to look beyond limitations and change their focus about challenges, according to her, “We all face obstacles: limited access to funding, opportunities that feel out of reach, and networks that sometimes seem exclusive. But let’s reframe how we see these challenges… When women thrive, our communities blossom.” Her words set the tone for the event, urging women to collaborate and uplift one another in business and life.

The day kicked off with a powerful meditation session led by Clinical Hypnotherapist Adeola Kingsley-James, which moved many attendees emotionally, allowing them to embrace healing and prepare for the day’s events.

The keynote address by Princess Layo Bakare Okeowo, CEO of FAE Limited, focused on “Building Generational Wealth.” She shared insights on breaking barriers and building lasting legacies, urging women to think strategically about long-term success. The other keynote address was by Abimbola Balogun of So Fresh Limited.

Key highlights of the event included:

– Panel Session 1: “Money Moves” – Etemore Glover, Sola Adesakin, and Grace Ofure discussed funding opportunities for businesses, including strategies to attract angel investors and securing financial stability for women entrepreneurs.

– Interactive Break – Attendees participated in a “Find the Clue” game, with winners walking away with exciting freebies during the tea break.

– Panel Session 2: “Brand Magnetism” – Tolulope Medebem and Dr. Olatunde Samson led discussions on the importance of creating excellent customer experiences and leveraging digital marketing for business growth.

– Grants and Prizes – Two women won grants of ₦100,000 for their businesses, and three others received free business registrations, highlighting the conference’s commitment to empowering female entrepreneurs.

– Panel Session 3: “Flame Keepers” – Mounfiq Raiyan Abu, a life sync expert, took attendees through a motivational journey, emphasizing the importance of staying aligned with one’s purpose: “Sync, not sink.” Damilola Saula, a photographer, followed with a hands-on tutorial on content creation, proving that high-quality work can be achieved without expensive equipment.

– Health Talk – Dr. Ede Edokpolo wrapped up the sessions with a health-focused discussion on managing stress and maintaining overall well-being, offering essential tips for busy women professionals.

Hosted by the charismatic Olive Emodi, the conference provided not only knowledge and inspiration but also practical tools to help women break through their challenges and build bridges to greater opportunities.

This year’s conference underscored the strength and unity of women in business and leadership, leaving attendees inspired and equipped to continue breaking barriers and building bridges in their respective fields.

BIG STORY

New Secondary School Curriculum To Include Journalism, Programming Modules [SEE FULL LIST]

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Nigeria’s new secondary school curriculum will introduce modules on journalism, programming, artificial intelligence (AI), robotics, and fact-checking, according to details released on Wednesday.

Dada Olusegun, senior special adviser to the president on social media, shared excerpts of the yet-to-be-unveiled curriculum document via his verified social media handle.

The new curriculum, which applies to both junior and senior secondary schools, is part of government efforts to modernise education and align learning with global digital and professional trends.

Breakdown of the curriculum

According to the document, journalism will now be taught under English Language at the senior secondary level, while programming is spread across both junior and senior cadres.

Digital literacy has also been expanded to include artificial intelligence and robotics in senior classes.

For junior secondary school (JSS 1–3), subjects include:

  1. Mathematics & Measurement (covering algebra, geometry, statistics, and more)
  2. English Language (essay writing, grammar, comprehension, oral skills)
  3. Integrated Science (physics, chemistry, biology, earth science, lab safety)
  4. Digital Literacy & Coding (Word, Excel, PowerPoint, Python basics, Scratch, robotics kits)
  5. Social Studies (history, geography, civics, economy, entrepreneurship basics, global issues)
  6. Languages (mother tongue, French/Arabic)
  7. Creative Arts (drama, crafts, music, film basics)
  8. Physical & Health Education (fitness, nutrition, reproductive health, drug abuse awareness).

For senior secondary school (SS 1–3), highlights include:

  1. English & Communication (academic writing, journalism, fact-checking, public speaking)
  2. Technology & Innovation (Python, JavaScript, HTML/CSS, data science, AI & robotics, cybersecurity)
  3. Research & Project Work (final-year project, data collection, presentation & defence)
  4. Social Sciences (economics, government, history, philosophy, entrepreneurship).

Focus on digital and practical skills

The curriculum also introduces modules on digital entrepreneurship, cybersecurity, media production, and mental health awareness.

Officials say the new subjects are designed to equip students with both academic and practical skills needed to navigate the evolving global economy.

The Federal Ministry of Education is expected to formally launch the curriculum in the coming weeks.

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Fidelity, Sterling, Other Tier-2 Banks Under Pressure As CBN’s 2026 Recapitalisation Deadline Looms — SBM Report

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Nigeria’s mid-tier lenders are under mounting pressure to scale up operations or face mergers as the Central Bank of Nigeria (CBN) enforces its 2026 recapitalisation programme, a new report has revealed.

The report, released by SBM Intelligence and titled “Capital, Competition, and Consolidation: How Nigeria’s Tier-2 banks are responding to the CBN’s 2026 recapitalisation order,” examined the financial health and capital-raising efforts of First City Monument Bank (FCMB), Fidelity Bank, Stanbic IBTC, Sterling Bank, and Wema Bank.

In March 2024, the CBN directed banks to increase their minimum capital base by 2026. Under the new rule, international banks must raise ₦500 billion, national banks ₦200 billion, and regional banks ₦50 billion. The apex bank said the measure will boost financial stability and prepare lenders to support the government’s ambition of building a $1 trillion economy.

Share price rally

The SBM report highlighted how some tier-2 banks have outperformed expectations in recent years. Fidelity Bank’s share price rose from ₦1.65 in 2020 to over ₦21.20 by mid-2025, representing more than 1,100 percent growth. Wema Bank also recorded a surge from ₦1.50 to nearly ₦15.00 over the same period.

FCMB and Sterling Bank posted steady gains, while Stanbic IBTC maintained resilience despite macroeconomic volatility.

Capital-raising strategies

To meet the recapitalisation target, FCMB has embarked on a three-phase plan to raise ₦400 billion through public offers, divestments in subsidiaries, and offshore placements. Fidelity Bank has already secured over ₦270 billion from an oversubscribed rights issue and public offer, with plans to complete the process ahead of schedule.

Sterling Financial Holdings is pursuing a mix of rights issues, private placements, and a $400 million public offering, while Wema Bank has combined a ₦150 billion rights issue with a ₦50 billion private placement after an earlier ₦40 billion issue in 2023.

Mergers expected

SBM predicted that consolidation in the banking sector will intensify as the 2026 deadline approaches, with mergers and alliances likely among mid-tier lenders.

“The financial performance of these banks in 2025 underscores their capacity to compete and thrive, even as Tier-1 institutions consolidate their dominance,” the report noted.

It added that the ability of tier-2 banks to adapt to regulatory demands, strengthen technology adoption, and implement bold capital strategies will determine their future in Nigeria’s evolving financial sector.

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UBA, Mastercard Launch Prepaid Card To Promote Financial Inclusion

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Africa’s Global Bank, United Bank for Africa (UBA) Plc, in collaboration with Mastercard, Tuesday announced the launch of the Mastercard prepaid card to further accelerate financial inclusion and expand access to digital payment solutions across Africa.

The card, which does not require a traditional bank account, is designed to serve individuals who have historically lacked access to formal financial services, particularly young adults, gig workers, and low-income earners. It enables users to top up funds easily, transact both locally and internationally, and manage spending with flexibility and security.

With more than 28.9 million adults in Nigeria remaining unbanked, and digital-first tools increasingly demanded by youth and freelancers, the prepaid card directly addresses pressing gaps in the financial ecosystem.

Mastercard’s Country Manager, West Africa, Dr Folasade Femi-Lawal and Group Head, Retail & Digital Banking, United Bank for Africa (UBA), Shamsideen Fashola, during the the launch of the Mastercard Prepaid Card to further accelerate financial inclusion and expand access to digital payment solutions across Africa, held at the Bank’s headquarters in Lagos on Monday.

Group Head, Retail & Digital Banking, United Bank for Africa (UBA), Shamsideen Fashola, who noted this is a demonstration of the bank’s customer-first approach, stated that the bank is committed to ensuring that every Nigerian is banked and gets the best service.

“This collaboration with Mastercard is yet another demonstration of our customer-first approach. We are committed to providing practical solutions that meet the everyday needs of Nigerians, and this card will make payments simpler, safer, and accessible to all”

Mastercard’s Country Manager, West Africa, Dr Folasade Femi-Lawal, said: “At Mastercard, we are relentlessly committed to advancing financial inclusion through innovative and secure digital payment solutions that serve both banked and unbanked Nigerians. Collaborating with UBA enables us to unlock endless possibilities by connecting individuals across all income levels, demographics, and social strata. Together, we are empowering Nigerians with the tools they need to confidently participate in the global economy and shape a more inclusive digital future.”

The prepaid card offers distinct benefits for different user groups. Cardholders can use it as a convenient budgeting tool; freelancers and gig workers gain a flexible expense solution; and the unbanked are empowered through a secure, reloadable allowance card. The product is globally accepted and supported by Mastercard’s trusted infrastructure, providing users with peace of mind and seamless digital payment experiences.

This collaboration aims to pave the way for a more inclusive and sustainable financial future in Africa, by striving to break down long-standing barriers, enable underserved communities, and advance economic growth.

United Bank for Africa (UBA) Plc is a leading pan-African financial institution, offering banking services to more than 45 million customers across 20 African countries, as well as in the United Kingdom, the United States, France, and the United Arab Emirates. With a strong focus on innovation, financial inclusion, and customer service, UBA provides retail, commercial, and institutional banking solutions, empowering individuals, businesses, and governments through cutting-edge digital platforms and inclusive financial products.

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

www.mastercard.com

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