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The first ever silver medal at the Tokyo Olympic Games is here, thanks to Blessing Oborududu. This is coming after Ese Brume’s bronze win earlier today. Blessing lost the 68kg final match to USA’s Tamyra Mensah-Stock 1 – 4.

This win makes Blessing the first Nigerian wrestler to win an Olympic medal. Blessing is the first Nigerian wrestler ever to win a silver medal at the Games.

Congratulations, Blessing.

Go win some more

For the first time in Shell Nigeria’s over 60-year history, a woman has taken over the reins of leadership of one of its companies.

The appointment of Elohor Aiboni as the first female managing director of Shell Nigeria Exploration and Production Company (SNEPCo) is another classic example in the oil and gas sector.

Alboni was unveiled as the successor to Bayo Ojulari with effect from August 1

The oil and gas industry has been traditionally male-dominated, with few women ascending to top management positions. But Aiboni, a “self-motivated person with a strong sense of business priorities,” is one of few women to change the narrative, becoming leader of the multinational oil company Shell’s offshore business in Nigeria.

SNEPCo, a wholly-owned Shell company, has interests in four deep-water blocks; two of which it operates. The company develops and deploys the latest deep-water drilling techniques to reduce drilling times, cut costs and increase production, according to 

It pioneered Nigeria’s deep-water oil and gas production at the Bonga field, a project that increased Nigeria’s oil capacity by 10 percent when output began in 2005.

Here is  Aiboni’s life up till her appointment as SNEPCo MD.

AIBONI: A WOMAN OF MANY FIRSTS

Aiboni has many firsts to her credit — from being the first female asset operations manager in SNEPCo to being the company’s first female MD.

As asset operations manager, Aiboni was responsible for providing leadership in health, safety and environment (HSE), operational excellence and overall asset management of the Bonga deepwater floating production, storage and offloading (FPSO) vessel operated by Shell in Nigeria.

The Bonga FPSO vessel has a total production capacity of 225,000 barrels of oil per day and 150 standard cubic feet of gas export per day. 

The height of a 12-storey building, and spanning an area the size of three football fields, the FPSO explores for and extracts oil from more than 1,000 metres below sea level.

TRAINEE TURNED MANAGING DIRECTOR

She has 19 years of working experience in Shell. Aiboni joined the oil company as a trainee production engineer and gradually rose through the ranks over the years.

“Immediately after I completed the compulsory national youths service, there came the opportunity to sit the Shell Intensive Training Programme examination. I made it, and that’s how I got into the prestigious SITP school. After a year of hard work and successful interviews, I transitioned to an employee as a Trainee Production Engineer about 19 years ago,” Aiboni disclosed in an interview with DMG events – a global energy show, in March.

Within the 19-year period, she served as business adviser to the executive vice president, and also managed third-party interface across several Shell assets in Nigeria and Kazakhstan.

Afterwards, she became a senior PtA engineer, then a manager at different tiers and transitioned to asset operations manager of Bonga, and presently SNEPCo boss.

The managing director holds a Bachelor’s degree (B.Sc.) in Chemical Engineering from the University of Benin, Nigeria, and a Master’s degree in Integrated Environmental Management from the University of Bath, UK.

‘A PRODUCT OF DILIGENCE, COMMITMENT TO SHELL’S VALUES’

Under her leadership, the Bonga asset received numerous awards, including the CEO HSSE Awards, Upstream Impact Award, and the Asset of the Year Runner up in 2019, in the Shell Group.

“Elohor’s appointment is a product of diligence, competence and commitment to the Shell ideals and core values, amidst our strong focus on diversity and inclusion,” Bamidele Odugbesan, media relations manager of Shell Petroleum Development Company of Nigeria (SPDC), quoted Marno de Jong, Shell’s senior vice president for Nigeria, as saying.

“We take pride in our intention of being one of the most diverse and inclusive organisations in the world, and focus on further improving inclusion and representation in critical areas, including gender.”

‘SELF MOTIVATED WITH STRONG SENSE OF BUSINESS PRIORITIES’

In her LinkedIn profile, Aiboni describes herself as “self-motivated with great ability to work easily without supervision. Result-oriented showing a sense of urgency and can challenge positively. Very good communicator with strong sense of business priorities.”

According to the profile, she is experienced in project to asset handover, operations of oil and gas facilities with HSE, cross-discipline, cross-functional units and multi-operating unit exposure with great interpersonal skills.

She is a certified quality management system (QMS) auditor, trained health, safety, security & environment (HSSE) & control framework auditor.

Source: The Cable

Nigerian businesswoman, philanthropist and founder of Flourish AfricaApostle Folorunso Alakija, has announced the launch of a N1 billion fund to promote female-owned businesses in Africa.

Flourish Africa is a female empowerment platform designed to help women achieve their full potential. It is a place for both female millennials and adults to access information and the right networks that will enable them grow in their chosen careers and businesses while prioritizing health and wellness.

According to the statement announcing the fund, Apostle Alakija disclosed that the initiative would focus on supporting the entrepreneurial activities of at least 2500 female-owned businesses through funding and structured training over a period of 5 years.

In her announcement, she said

“I’m happy to launch the Flourish Africa 1 billion Naira fund on my 70th birthday as a gift to hardworking and enterprising women. This initiative will focus on empowering women economically and socially for the benefit of
their immediate families and the society.”

She further explained that a minimum of 500 female micro-entrepreneurs would be trained annually. After the training, 100 audacious entrepreneurs from the pool will be able to access grants to the tune of N2 million each for their businesses from an annual fund of 200 million Naira.

While expressing her enthusiasm about the initiative, she explained that she looks forward to empowering one woman at a time as she strongly believes that women are a crucial part of Africa’s development. She restated her commitment to empowering as many women as possible in Africa as one of the things she would want to be remembered for.

She added that the main objective of Flourish Africa is to create an enabling platform that provides skill development, mentoring, access to marketplace for female entrepreneurs.

This concept of empowerment stems from Apostle Alakija’s assertion that women have the potential to flourish if a community of like-minded individuals who share a common goal and purpose pool together and make an impact in every community they find themselves in.

Also earlier this week, read here     

First City Monument Bank (FCMB) announced Yemisi Edun as its MD/CEO. On the 1st of January 2021, Nneka Onyeali-Ikpe assumed office as the MD/CEO of Fidelity Bank Plc.

Check out the list below:

Miriam Chidiebele Olusanya

With over 23 years experience, Miriam Olusanya has a diverse background in banking, including Transaction Services, Asset and Liability Management, Financial Markets, Investment Banking, and Investor Relations.

She graduated from the University of Ibadan in Nigeria with a Bachelor of Pharmacy (B. Pharm) and the University of Liverpool in the United Kingdom with a Master of Business Administration (Finance and Accounting).  Read more about her here

Yemisi Edun

Yemisi Edun graduated from the University of Ife in Ile-Ife with a Bachelor’s degree in Chemistry and a Master’s degree in International Accounting and Finance from the University of Liverpool in the United Kingdom.

She is a CFA® Charter holder and a Fellow of the Nigerian Institute of Chartered Accountants.

She is a Fellow of the Institute of Chartered Accountants of Nigeria and a CFA® Charter holder. She is also an Associate Member of the Chartered Institute of Stockbrokers; an Associate Member of the Institute of Taxation of Nigeria; a Member of Information Systems Audit and Control, U.S.A; and a Certified Information Systems Auditor.

She began her career with Akintola Williams Deloitte (member firm of Deloitte Touché Tohmatsu) in 1987, with main focus in Corporate Finance activities. She was also involved in audit of Banks and Other Financial Institutions. She joined FCMB in year 2000 as Divisional Head of Internal Audit and Control before assuming the role of Chief Financial Officer of the Bank.

She is now the Managing Director of FCMB. Click here to read more.

Nneka Onyeali-Ikpe

In the last six years, Nneka Onyeali-Ikpe has been a key member of Fidelity Bank’s transformation team. She was previously Executive Director, Lagos and South West, where she was in charge of the bank’s operations in the six states that make up the bank’s South West region. She oversaw the Directorate’s turnaround to profitability and continued its outstanding year-over-year growth in key metrics including contributing over 28% of the Bank’s PBT, Deposits and Loans.

She is a consummate professional of over 30 years’ experience across various banks including Standard Chartered Bank Plc, Zenith Bank Plc and Citizens International Bank Limited, where she held several management positions in Legal, Treasury, Investment Banking, Retail/Commercial Banking, Corporate Banking. She has been involved in the structuring of transactions in various sectors including oil & gas, manufacturing, aviation, real estate and exports.

As an Executive Director at Enterprise Bank Plc, she received formal commendation from the Asset Management Corporation of Nigeria (AMCON) as a member of the management team that successfully turned around Enterprise Bank Plc.

Onyeali-Ikpe holds Bachelor of Laws (LLB) and Master of Laws (LLM) degrees from the University of Nigeria, Nsukka and Kings College, London, respectively. She has attended executive training programs at Harvard Business School, The Wharton School University of Pennsylvania, INSEAD School of Business, Chicago Booth School of Business, London Business School and IMD amongst others.

She is also an Honorary Senior Member (HCIB) of The Chartered Institute of Bankers of Nigeria (CIBN).

Ireti Samuel-Ogbu

In August 2020, Citigroup announced Ireti Samuel-Ogbu as its first female Country Officer for Nigeria i.e MD/CEO Citibank Nigeria. Prior to assuming office in Nigeria, she served as managing director of payments and receivables, treasury and trade solutions for Europe, Middle East and Africa at the group’s office in London.

She had been on the Board of Citibank Nigeria Limited since 2015 as a non-Executive Director.

In the last 32 years, Samuel-Ogbu has held various roles across Citi’s businesses in the UK, Nigeria and South Africa, having worked in each of these countries twice. Previous roles have included Relationship Management with Global Subsidiaries Group and the Public Sector Banking Team, as well as TTS Sales, Corporate Finance and leading Citi’s TTS business in two of the largest markets in Africa.

As a champion of diversity and inclusion, Samuel-Ogbu co-founded two impactful mentorship initiatives within Citi – the Sapphire Leadership Program for Middle East and Africa, and the Momentum Program in the UK. She is currently the EMEA co-Chair for Citi Women’s Affinity group and represents EMEA on the Global Affinity Steering Committee at Citi.

She obtained a BA Hons Accounting and Finance from Middlesex University, UK and has an MBA from the University of Bradford, UK.

Tomi Somefun

Prior to her appointment as MD/CEO in August 2015, Tomi Somefun served as the Executive Director overseeing the Lagos and South-West Business Directorates, the Financial Institution Division and Treasury Department of the Bank. She is a Member of the Board Finance & General Purpose Committee, Board Risk Management Committee, Board Credit Committee, amongst others.

She a career professional with 35 years post qualification experience, over 26 of which were in the banking sector, spanning key segments including Treasury & Investment Banking, Corporate Banking, Retail, and Commercial Banking Operations. Tomi had a distinguished career with UBA group where she led 2 major subsidiaries of UBA as MD/CEO including a start-up company, UBA Pensions Custodian where she was the pioneer Managing Director.

Prior to UBA, Tomi worked with two leading consulting firms: KPMG and Arthur Andersen (now KPMG). A Fellow of the Institute of Chartered Accountants of Nigeria and Chartered Institute of Bankers of Nigeria (CIBN), she graduated with a Second Class Upper degree from the Obafemi Awolowo University (formerly University of Ife) in 1981 with a Bachelor of Education in English Language. She was recently conferred an Honorary Degree of Doctor of Business Administration (D.BA) by the Redeemer’s University Nigeria (RUN).

Tomi has extensive Executive Education in leading change and organization renewal, strategy formulation & execution, business analytics and development, and financial management from various esteemed business schools. She is an alumnus of the Columbia Business School, United States of America, and INSEAD, Fontainebleau, France, and holds a Certificate of Management Excellence from Harvard Business School (HBS). She is a member of various professional bodies including the Institute of Directors (IOD), Bank Directors Association of Nigeria (BDAN) and Chartered Institute of Bankers of Nigeria (CIBN). In addition, she has served on the board of several quoted and unquoted companies, and Non-Governmental Organizations (NGOs).

Halima Buba

Halima is a seasoned Banker with over 20 years cognate experience obtained from working in Allstates Trust Bank, Zenith Bank, Inland Bank Plc, Oceanic Bank Plc and Ecobank Nigeria Limited.

She holds a Bachelor of Science (B.Sc.) degree in Business Management from the University of Maiduguri and an MBA from the same University.

Halima is an Alumnus of the Lagos Business School Senior management programme. She is a senior Honorary Member of the Chartered Institute of Bankers and a Fellow of the Institute of Management Consultants.

She sits on the Board of several reputable Institutions, including those of the Nigerian Sovereign Investment Authority (NSIA) as a Non-Executive Director and Anchoria Asset Management Company Limited.

Halima is a Champion of youth and women empowerment, and consistently makes philanthropic contributions towards the girl child Education.

Kafilat Araoye

Kafilat Araoye

Kafilat Araoye is the managing director of Lotus Bank, a financial institution which was granted a non-interest banking licence by the Central Bank of Nigeria (CBN) in June 2021.

The bank describes itself as a non-interest Nigerian bank deeply rooted in ethical banking and committed to deepening financial inclusion and broadening the array of non-interest products available to the banked, unbanked, and under-banked population.

With over 25 years commercial banking experience, Araoye has expertise in virtually all areas of core banking, with emphasis on international and domestic operations, payments, general management, business development, risk management, human resources and strategy.

Other women leading affairs at commercial banks in Nigeria include: Ireti Samuel-Ogbu (Citibank Nigeria), Halima Buba (SunTrust Bank), and Tomi Somefun (Unity Bank).

 

Damilola Olokesusi is impacting lives by making commuting a productive part of one’s day. It is no wonder she was included in the 2019 Forbes Africa’s 30 Under 30 list in the technology category.

Damilola Olokesusi is Co-founder and Chief Executive Officer of Shuttlers, Nigeria’s leading, scheduled ride-sharing platform that allows professionals to access comfortable, safe, and affordable transportation in Lagos whilst providing learning and networking opportunities. Shuttlers recently launched SHE-MOVES, (Strengthen Her: Mobilizing Ventures for Social Innovation) an initiative designed to provide Whole-Person Leadership development. The initiative is supported by the Ford Motor Company Fund and Ford Motor Company in partnership with Global Water Challenge (GWC).

Read Also: Funmi Iyanda

Alongside other Co-founders – Busola Majekodunmi and Damilola Quadry, Damilola Olokesusi is on a mission to provide smart mobility solutions in metropolitan cities in Africa.

Damilola Olokesusi
Damilola Olokesusi

Damilola has an impressive educational background. She holds a Bachelor of Science degree in Chemical Engineering from the prestigious University of Lagos. She was a member of the Harambe Entrepreneur Alliance for the 2018 cohort; a team of highly educated young African entrepreneurs attending leading universities in Asia, Europe and North America.

Before Shuttlers, Damilola worked as a Member of Harambe Entrepreneur Alliance and as a Trainee Engineer at Marine Professionals Limited. Alongside Shuttlers, Damilola also works as a Business Mentor at Impact Hub Network.

The techpreneur has received several awards and accolades for her impacts on the technology scene. She is a recipient of the Digital and Tech award at the Women in Africa Contest which held in Morocco and won an award for the Best Idea at the Aso Villa Demo Day. Damilola is also a Global Shaper of the World Economic Forum where she leads the Entrepreneurship and Innovation team and was the Vice-Curator,  Lagos hub of Global Shapers for the 2019/2020 edition. Also in 2019, she was included in Forbes Africa’s 30 Under 30 list in the tech category.

Damilola Olokesusi is committed to positively impacting Africa through building efficient systems and creating tech-focused solutions. We applaud Damilola for redesigning the way professionals commute in Lagos by providing a comfortable, efficient and affordable ride-sharing service to and from work.

Check out www.shuttlers.ng to learn more about her amazing initiative.

The Board of Directors of FCMB Group Plc has appointed Yemisi Edun as the Managing Director of First City Monument Bank Limited.

Yemisi Edun holds a bachelor’s degree in Chemistry from the University of Ife, Ile-Ife (now Obafemi Awolowo University) and a master’s degree in International Accounting and Finance from the University of Liverpool, United Kingdom.

With experience spanning almost 35 years, Yemisi Edun has contributed significantly to the development of various organizations having held various leadership positions.

Yemisi started her career as an Auditor with Akintola Williams & Co (member firm of Deloitte Touché Tohmatsu) in 1987, rising to the position of Senior Manager before joining FCMB in 2000.

Before she was appointed Managing Director of FCMB, Yemisi was the Executive Director/Chief Financial Officer of the bank and previously served in the capacity of Acting Managing Director.

Yemisi is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Certified Financial Analyst, CFA Charter holder.

Yemisi is also an associate member of the Chartered Institute of Stockbrokers (CIS); an associate member of the Institute of Taxation of Nigeria; a member of Information Systems Audit and Control, U.S.A; and a Certified Information Systems Auditor.

Congratulations Yemisi Edun on your new appointment.

Guaranty Trust Bank Plc – GTB has announced the appointment of Miriam Olusanya as Managing Director following a restructuring that made the institution a subsidiary. This appointment was disclosed in a statement signed by the company’s secretary, Erhi Obebeduo and sent to the Nigerian Exchange Group Limited (NGX).

Miriam’s educational background includes a Bachelor of Pharmacy degree from the University of Ibadan in 1995, a Master of Business Administration (Finance and Accounting) from the University of Liverpool in 2011 and a certificate in General Management obtained from Cranfield School of Management in 2021.

Miriam has over 20 years of banking experience spanning Transaction Services, Treasury, Assets and Liability Management, Corporate Finance and Wholesale Banking and Investor Relations.

The newly appointed joined GTBank as an Executive Trainee in 1998 and rose to the position of General Manager, handling the bank’s Naira and Foreign Currency Balance Sheet, Asset and Liability Position, Money Market, Foreign Currency and Bonds Trading. Until her appointment, she was an Executive Director at the bank.

The bank also announced the successful completion of its re-organization into a Holding Company Structure, in a bid to strengthen its long-term competitiveness and growth prospects. Under the terms of the re-organization, a new operating company has been established and amendments have been made to the articles of incorporation for a corporate name change. The corporate name of Guaranty Trust Holding Company Plc and GTCO Plc would be used by the newly established operating company.

According to a statement,

“The banking subsidiary, Guaranty Trust Bank Limited will be governed by a Board of Directors comprising, Mr Ibrahim Hassan as Chairman of the Board, Mrs Miriam Olusanya as Managing Director, Mr Jide Okuntola as Deputy Managing Director, Mr Haruna Musa as Executive Director, Mr Olabode Agusto as Independent Non-Executive Director, Ms Imoni Akpofure and Mrs Victoria Adefala as Independent Non-Executive Directors.”

“Guaranty Trust Holding Company Plc would be governed by a Board of Directors comprising of Mr Sola Oyinlola as Chairman of the Board, Mr Segun Agbaje as the Group Chief Executive Officer, Mr Adebanji Adeniyi as Executive Director, Mrs Cathy Echeozo as Non-Executive Director, Mr Suleiman Barau and Mrs Helen Bouygues as Independent Non-Executive Directors.”

All the appointments have been approved by the Central Bank of Nigeria and disclosed to the Securities and Exchange Commission and the Nigerian Exchange Group.

Naomi Osaka has partnered with Netflix for a three-part docu-series about her rise to fame. The self-titled documentary, which is narrated by Osaka, follows her career after her 2018 U.S Open victory.

“The series is about Naomi’s journey, within a snapshot of her life,” Academy Award nominated director Garrett Bradley said in a press release. “But it’s also about life’s purpose, about personal worth, about the courage that it takes to allow one’s personal values to inform their work and vice versa. More than anything, I’d hope people can feel the power of empathy and to feel encouraged to take chances in life, perhaps especially in moments where the stakes can feel impossibly high.”

Osaka’s win against her idol, Serena Williams, catapulted her career pretty quickly, which she didn’t expect and wasn’t quite ready for.

“I think the amount of attention that I get is kind of ridiculous,” she said in the trailer. “No one prepares you for that.”

The Netflix synopsis states:

With unprecedented access, we follow Osaka during a historic two years in which she works on her game but also begins to find her voice. Whether she’s defending her grand slam titles — while wearing masks in defense of Black lives — mourning the unexpected loss of mentor Kobe Bryant, or finding her independence, the challenges Naomi faces on a personal level begin to align with those in the public sphere.

Empathetic in its approach, the series chronicles Osaka’s hectic training and travel schedule, explores the layers of pressure she is under and reveals how she spends her time off the court hanging with her closest family and friends.

Today she’s the number two tennis player in the world and is highly decorated but her success is plagued with episodes of depression.

Before withdrawing from this year’s French Open, Osaka expressed she didn’t want to participate in media interviews during the event because of how it affected her mental health.

Leading financial institution, Coronation Merchant Bank Limited, has announced the appointment of Chinwe Egwim as the Chief Economist of the Bank as of June 28, 2021.

Prior to joining Coronation Merchant Bank, she had worked at FBNQuest Merchant Bank, FBN Capital, Fitch Ratings Milan and the Central Bank of Nigeria. She holds a Masters in Financial Economics from Kingston University London, a BA in Economics from Kwame Nkrumah University Kumasi Ghana and is an alumna of the European School of Economics.

With over 500 published economic notes under her belt, Chinwe has carved a niche as an outstanding economist renowned for consistently applying rigorous analysis in her work whilst ensuring Africa’s economic landscape is better understood. Her contributions have also supported high-level committees’ setup by development agencies like the World Bank. Furthermore, she has been included in IMF Article IV consultations and is also an active member of the Africa Development Bank Meetings. Presently, she sits as a member of the board committee on research at the Nigeria Economic Summit Group and has served as Resident Economist for the research-based initiative, AiR – Africa Investment Roundtable.

Commenting on her appointment, the Managing Director/CEO of Coronation Merchant Bank, Banjo Adegbohungbe said, “Chinwe brings in a wealth of experience in economic analysis and financial matters. Her broad experience and competence – within macroeconomics, research, as well as economic policy and reforms -positions her appropriately to provide strategic insights for our customers. We are certain she will be an excellent addition to the Coronation team and we trust she will enjoy working with us.”

 

2019 Big Brother Naija winner Mercy Eke is giving back to the community with her newly launched charity foundation to assist those who are struggling to satisfy their varied requirements.

According to her, Mercy Eke Foundation will help widows, struggling entrepreneurs, students who cannot pay their school fees and take needy children off the streets.

The reality star and entrepreneur stated in a video posted on her Instagram on Friday that her first initiative will provide N5 million grants to small business owners to help them grow. In the caption, she wrote:

The Mercy Eke Foundation is finally here💞🙏🏻

I have always wanted to give back, and I’m glad I can finally make this dream of mine a reality.

The Mercy Eke Foundation is a charity organization and we would be helping different group of people from time to time.

From struggling business owners, to sick people who can’t afford their bills, to single mothers, to widows, to students who are struggling with their fees in school, to kids on the streets, and more.

For our first project tagged #MEFWithBusinessOwners, we would be giving out N5million, to help a few business owners who are struggling or have brilliant business ideas but have no money to start up.

To be a benefactor, all you have to do is upload a creative 1 minute video on your Instagram, telling and showing us what you do or what you want to do. Post with the hashtag #MEFWithBusinessOwners and tag @mercyekefoundation

Our team will make a selection for the final pick.

I wish you all good luck…