Business
Access Bank urges stronger collaboration to unlock intra-African trade potential
The Managing Director and Chief Executive Officer of Access Bank Plc, Roosevelt Ogbonna, has called for stronger collaboration among policymakers, financiers and businesses to boost intra-African trade.
He made the appeal at the Access Bank Africa Trade Conference (ATC) 2026 held in South Africa.
Africa’s trade challenge
Speaking at the conference, Mr Ogbonna said Africa continues to account for only a small share of global trade, despite its population and economic potential.
“The reality is that Africa still controls a small share of global trade. The corridors are still fragmented and more aspirational than functional, and too many small businesses that aspire to trade across Africa remain constrained.”
He said structural barriers including weak trade corridors and limited coordination are slowing down growth across the continent.
Why it matters
Intra-African trade is seen as key to economic growth, job creation and reducing dependence on external markets.
Experts say improving trade within the continent could strengthen regional industries, support small businesses and drive long-term economic stability.
Mr Ogbonna said the conference builds on discussions from its 2025 edition, focusing on practical solutions rather than new ideas.
Three priorities for growth
According to the Access Bank CEO, stakeholders previously agreed on three key areas:
Breaking down silos between governments, banks and businesses
Building a trade system driven by reliable data
Supporting both large corporations and small businesses
He said some progress has been recorded.
“We have seen value chains emerging across agriculture, manufacturing and services, and we are seeing African brands crossing borders and building a global presence.”
However, he noted that growth remains uneven, with only a few regions benefiting.
Role of infrastructure and finance
Kennedy Mbekeani of the African Development Bank said limited government resources mean private investment is critical.
“The mobilisation of private capital remains crucial as many African governments are constrained by limited fiscal space and overstretched balance sheets.”
He stressed that infrastructure including transport and logistics, remains a major barrier to trade expansion.
Governments push for policy alignment
Government officials at the event said inconsistent policies across countries are slowing progress.
Chipoka Mulenga, Zambia’s Minister of Commerce, Trade and Industry, said:
“Policy is very important in making anything come together. It must be consistent, resilient and coherent.”
He added that African countries must align policies and leverage their strengths instead of competing.
Similarly, Elizabeth Ajare, Ghana’s Minister for Trade, Agribusiness and Industry, said the issue is not a lack of policies but poor implementation.
“Africa does not lack policies; we already have many. Our challenge is the implementation of these policies in a harmonised manner.”
She also called for mutual recognition of standards to ease cross-border trade.
“Harmonising standards and recognising each other’s certification processes will allow us to trade more efficiently.”
Creating an enabling environment
Tiroeaone Ntsima, Botswana’s Minister of Trade and Entrepreneurship, said governments must shift focus.
“Our role now is to create an enabling environment for businesses and investors to thrive.”
He added that Botswana is repositioning itself as a regional trade hub by developing stronger trade corridors.
Call for action
Closing the session, Seyi Kumapayi urged stakeholders to move beyond discussions.
“This conference must not end as another talking shop. It must become the birthplace of a movement that contributes to transforming intra-African trade.”
What’s next
Stakeholders say the success of Africa’s trade ambitions will depend on:
Stronger public-private partnerships
Policy harmonisation across countries
Increased infrastructure investment
Greater use of technology in payments and logistics.
Business
Customs Honours DCG Nnadi, ACG Egwu at Retirement Parade After Decades of Service
The Nigeria Customs Service (NCS) has honoured two of its senior officers, Deputy Comptroller-General (DCG) Dera Nnadi and Assistant Comptroller-General (ACG) Kingsley Egwu, at a ceremonial Pulling-Out Parade marking the end of their decades-long careers.
The event took place on 13 March 2026 at the Nigeria Customs Command and Staff College in Gwagwalada, Abuja, drawing senior Customs officials, colleagues, and well-wishers who gathered to celebrate their contributions to the service.
Officials said the ceremony recognised the officers’ professional impact on revenue generation, trade facilitation, and border security — core responsibilities of the Customs agency.
Recognising decades of service
Speaking at the event, the Comptroller-General of Customs, Adewale Adeniyi, said the parade served as a moment for reflection and appreciation.
The CGC, represented by the Deputy Comptroller-General in charge of Training and Doctrine Command, Sulaiman Chiroma, said the careers of officers should be measured not only by their ranks but also by their values and impact.
“This parade is not only a ceremonial farewell. It is also an opportunity for the Nigeria Customs Service to express appreciation for the professionalism, discipline and dedication that these officers demonstrated throughout their years in service,” he said.
Contributions to Customs reforms and trade policy
According to the Customs leadership, DCG Dera Nnadi served in several strategic commands where revenue generation, trade facilitation and border security intersect.
Officials said he contributed to policy discussions on Customs modernisation and Nigeria’s participation in continental trade initiatives.
“He brought intellectual depth to strategic conversations within the Service and also played an important mentoring role for younger officers,” Adeniyi said.
The CGC also praised ACG Kingsley Egwu for supporting reforms that strengthened Customs administration through technology and automation.
“His contributions helped lay the foundation for several automated systems that are now supporting the Service’s operations,” he said.
Egwu previously served as the 10th Commandant of the Nigeria Customs Command and Staff College, where officials say he emphasised discipline, knowledge, and ethical leadership in officer training.
Retiring officers reflect on their careers
In his remarks, DCG Nnadi thanked God and the Service for the opportunity to serve Nigeria.
“My journey in the Service has been defined by dedication, learning and commitment to the institutional mandate of revenue generation, trade facilitation and border security,” he said.
He added that the achievements of his career reflected teamwork across the Service.
“The successes we recorded were possible because of the collective effort of officers who remained committed to the ideals of the Service.”
Nnadi also urged serving officers to remain disciplined and adaptable as global trade evolves.
“The evolving trade environment demands innovation, modernisation and stronger institutional capacity.”
Integrity and public service
ACG Kingsley Egwu described his more than three decades in the Service as demanding but fulfilling.
“My career in the Nigeria Customs Service has been a journey of learning, growth and collaboration with dedicated colleagues,” he said.
He paid tribute to officers who lost their lives in the line of duty, calling them heroes who helped safeguard the nation.
Egwu also advised younger officers to prioritise integrity in public service.
“Public service is a privilege that must be carried with honour. Leadership positions are temporary, but the reputation you build through integrity will always endure.”
He also thanked the Comptroller-General for entrusting him with key assignments, including his leadership of the Command and Staff College and his work in the Tariff and Trade Department.
Why it matters
The retirement of senior Customs officials comes at a time when Nigeria is pushing for stronger border management, digital Customs systems, and improved trade facilitation.
Experts say leadership transitions within the Customs Service can influence policy direction, training standards, and operational reforms — all of which affect trade efficiency and government revenue.
What happens next
The ceremony concluded with tributes from colleagues and the presentation of honours celebrating the officers’ years of service.
The Customs leadership said the event also served as inspiration for younger officers to continue strengthening the institution.
Business
Fidelity Bank Hosts Diaspora Summit 2026 as Onyeali-Ikpe, Dabiri-Erewa, Rewane Call for Stronger Diaspora Investment in Nigeria
Tier-one lender Fidelity Bank Plc has hosted the Fidelity Diaspora Summit 2026, bringing together Nigerian professionals and investors abroad to explore new policies and investment opportunities in the country.
The virtual summit, held on 14 March 2026, connected Nigerians living in key diaspora hubs including the United Kingdom, United States, Canada and the United Arab Emirates.
Organisers said the event aimed to help diaspora Nigerians understand evolving economic policies and identify credible ways to invest and create wealth in Nigeria.
Diaspora ‘Nigeria’s 37th State’
Speaking during the summit, Fidelity Bank’s Managing Director and Chief Executive Officer, Dr Nneka Onyeali-Ikpe, highlighted the importance of Nigerians abroad to the country’s economy and global reputation.
“Our theme today is, ‘Navigating the New Tax Policy and Unlocking Investment Opportunities in Nigeria’. This subject is timely, practical, and matters to every Nigerian in the diaspora who earns, saves, owns assets or invests back home,” she said.
She described the diaspora community as a powerful force in Nigeria’s global engagement.
“Many people describe the diaspora as Nigeria’s thirty-seventh state, and the description fits because of your scale and your impact.” — Dr Nneka Onyeali-Ikpe
According to Onyeali-Ikpe, Nigerians abroad are not only remitting funds but also projecting the country’s image across industries including healthcare, technology, research and creative sectors.
Why the Diaspora Matters to Nigeria’s Economy
Delivering the keynote address, Chairman of the Nigerians in Diaspora Commission, Abike Dabiri-Erewa, stressed that diaspora participation is critical to national development.
She noted that Nigerians abroad contribute through skills transfer, investments, intellectual property and global exposure.
Dabiri-Erewa also commended Fidelity Bank for creating a platform that connects diaspora professionals with economic opportunities in Nigeria.
Experts Break Down Nigeria’s Economic Outlook
The summit featured presentations from several economists and industry leaders who discussed the country’s economic outlook and policy reforms.
Economist Bismarck Rewane, Managing Director of Financial Derivatives Limited, delivered a presentation titled:
“2026 Economic Outlook and Economic Opportunities in Nigeria.”
He examined Nigeria’s macroeconomic direction and highlighted sectors with potential growth.
Meanwhile, PwC tax expert Chijioke Uwaegbute explained the implications of the new tax act and what it means for Nigerians living abroad who invest or hold assets in Nigeria.
Investment Opportunities Across Sectors
The second session focused on practical strategies for diaspora investors.
Ndubuisi Ekekwe, Chairman of Tekedia Capital, encouraged investors to partner with credible institutions and follow compliant pathways when investing in Nigeria.
“Diaspora investors must prioritise informed participation supported by credible partners.”
Technology investor Ike Eze also examined the African startup ecosystem in his presentation titled “The Nigeria Tech Playbook, Funding Trends and Exit Strategy.”
He shared insights into funding trends and strategies for navigating Nigeria’s technology investment landscape.
Panel Discussion and Closing Remarks
The event concluded with a panel discussion moderated by Arise TV business news anchor Rotus Oddiri, where speakers addressed questions from participants around the world.
In his closing remarks, Fidelity Bank Executive Director and Chief Operations and Information Officer Stanley Amuchie encouraged participants to turn insights from the summit into real investment decisions.
“Ask the hard questions, seek clarity, do your due diligence, and choose partners that understand both your global context and the local terrain.”
He said Fidelity Bank remains committed to “banking without borders”, highlighting the bank’s diaspora banking solutions including multi-currency accounts, secure authentication systems and cross-border payment tools.
About Fidelity Bank
Fidelity Bank Plc serves more than 10 million customers through digital channels, 255 business offices across Nigeria, and its United Kingdom subsidiary FidBank UK Limited.
The bank has received several international recognitions including awards for digital transformation, mobile banking innovation and SME banking excellence.
Business
Polaris Bank Chairman Gidado Urges Integrity as 2,037 Bankers Inducted by CIBN
The chairman of Polaris Bank, Dr. Kassim Gidado, has urged newly certified banking professionals in Nigeria to prioritise integrity, continuous learning and ethical leadership as the financial industry undergoes rapid transformation.
Speaking at the 2026 Stream 1 Chartered Banker Induction Ceremony organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, Dr Gidado said the credibility of the financial system depends heavily on the professionalism of those who manage it.
The ceremony inducted 2,037 professionals into the Chartered Banker and Microfinance Certified Banker cadres, marking a milestone in their careers.
A milestone for banking professionals
According to the institute, the inductees qualified through several certification pathways.
These included nine candidates through the Chartered Banker/MBA route, 816 through the Chartered Banker regular route, 25 through the MSc pathway, 262 through the SMP/AMP Chartered Banker pathway, and 435 Microfinance Certified Professionals.
The group includes executives, senior and mid-level managers from deposit money banks, microfinance banks and other financial institutions.
It also includes professionals from both the public and private sectors, as well as graduates from partner tertiary institutions.
‘Trust remains the most valuable currency’
In his address, Dr Gidado described the induction ceremony as more than a formal recognition of achievement.
“Banking today is evolving at an unprecedented pace. Digital transformation, financial inclusion, regulatory reforms and emerging technologies are redefining how financial institutions operate and deliver value to society,” he said.
Despite technological advances, he stressed that trust remains the foundation of the banking industry.
“Trust remains the most valuable currency in banking. The credibility of the financial system ultimately depends on the integrity and professionalism of banking professionals.”
Why it matters
Nigeria’s banking industry is undergoing significant changes driven by digital banking, regulatory reforms and financial inclusion efforts.
Industry leaders say professional certification and ethical conduct are crucial to maintaining public confidence in financial institutions.
Dr Gidado commended the Chartered Institute of Bankers of Nigeria for strengthening professional standards and preparing future leaders for the sector.
“At Polaris Bank, we firmly believe that human capital is the most strategic asset within financial institutions,” he said.
“The future of banking will not be defined only by technology or capital, but by the quality of professionals who steward these resources responsibly.”
Three principles for the future
Dr Gidado also encouraged the newly inducted bankers to follow three guiding principles throughout their careers:
Uphold integrity in all professional dealings
Commit to lifelong learning
Lead with purpose and ethical responsibility
Industry leaders, regulators and stakeholders attended the ceremony, which highlighted the role of professional certification in strengthening Nigeria’s financial system.
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