General News
Otudeko Emerges FirstBank Chairman
A change of baton has taken place in Nigeria’s premier financial institution, First Bank of Nigeria Plc, as Dr. Oba Otudeko, an erstwhile non-executive director, was elected on Tuesday by the bank’s Board of Directors to take over from Alhaji (Dr.) Umaru Mutallab as chairman.
Otudeko’s appointment, which is still subject to formal approval by the regulatory bodies, comes in the wake of Alhaji Mutallab’s retirement from the Board after a 13-year stint, the last 10 of which he served as chairman. The latter was appointed director on March 8, 1996 and became chairman of the Board on March 18, 1999.
The appointment of Dr. Oba Otudeko is in sync with FirstBank’s strong corporate governance credentials and best practice, ensuring that there is seamless business continuity and stability amongst all stakeholders. This corporate governance posture has won the Bank much respect and recognition both locally and internationally.
Alhaji Mutallab is retiring at the peak of an outstanding career, which witnessed a plethora of laudable achievements – a record-making and highly successful hybrid offer, the growth of the FirstBank group to nine local subsidiaries, a full-fledged bank in the United Kingdom (FBN Bank (UK) Limited), a branch in Paris through FBN Bank (UK), as well as representative offices in South Africa and China.
The incoming chairman, Dr. Otudeko, a seasoned banker and administrator, was appointed to the Board of FirstBank on May 18, 1997, where he served in various capacities. A foremost investor and major shareholder in many publicly-quoted companies, he was until recently the President of The Nigeria Stock Exchange (NSE), elected the 16th President of the NSE in September 2006. His tenure witnessed unprecedented growth in the market, wherein the NSE All-Share Index hit an historical high in May 2008. Despite subsequent market convulsions caused by global economic turbulence, Dr. Otudeko handed over a more liberalised, revitalised and cohesive Stock Exchange to the new Council in August, 2009.
Oba, as he is fondly called, is a highly respected and personable executive who has established a reputation for solid performance and sound judgment in all the disciplines. In recognition of his many contributions to the economic and social development of Nigeria, he has variously been conferred with many awards and honours. Among these are: Member of the Order of the Federal Republic (MFR) in 2000 from the Federal Republic of Nigeria, which was upgraded to the Officer of the Order of the Federal Republic (OFR) in 2003; Honorary Doctor of Science (D.Sc.) from Olabisi Onabanjo University, Ago-Iwoye; the ZIK Foundation for Leadership Award; Sardauna Magazine National Excellence and Leadership Lifetime Achiever Award; Nigerian Investment Promotion Achiever of the Year Award; the Paul Harris Fellow Award of Rotary International; Honorary Citizen of Dallas Texas, USA; and recently, Entrepreneur of the Year Award at the ThisDay Awards 2009, amongst other awards.
Beyond his entrepreneurial track, Dr. Otudeko is also a public-spirited leader. At various times, he has been entrusted with high profile national and international assignments. He was Chairman of the National Maritime Authority; Director, Central Bank of Nigeria (1990 – 1997); Council member, West African Bankers’ Association; Member, Nigerian Banks Employers’ Association; Member, Constituent Assembly responsible for drafting a new Constitution, 1988 to 1989, Council member, Manufacturers’ Association of Nigeria; Co-Chairman, Committee on Investment Climate, Nigerian Economic Summit Group; and currently a member of the Nigeria/South Africa Bi-National Commission. Outside Nigeria, he was appointed the Honorary Consul General of the Republic of Liberia to the Federal Republic of Nigeria between 2003 and 2005. Presently, he is the Chancellor, Olabisi Onabanjo University, Ago-Iwoye in Nigeria.
A diligent and prolific boardroom player, Otudeko is Chairman of the Boards of Honeywell Group Limited, FBN Bank (UK) Limited, First Trustees Nigeria Limited, Fan Milk of Nigeria Plc., and the Nigeria-South Africa Chamber of Commerce. He was the founding Chairman of Econet Wireless Nigeria Limited and remains a Director of Zain Nigeria Limited, the successor company. Furthermore, he is a Director of First Bank of Nigeria Plc., Ecobank Transnational Incorporated (ETI), Khalil & Dibbo (Haulage) Limited, and Lagos Sheraton Hotel. He was formerly a director of Guinness Nigeria Plc, British-American Tobacco Company Limited, and Franco-Nigeria Chamber of Commerce.
He is a Fellow of the Chartered Institute of Bankers, UK; Fellow of the Institute of Chartered and Corporate Accountants, UK; Fellow of the Institute of Chartered Accountants, Nigeria and Fellow of the Institute of Chartered Secretaries and Administrators of Nigeria.
General News
NASRDA, Galaxy Space Firm Sign MoU on Satellite Connectivity

National Space Research and Development Agency (NASRDA) has signed a Memorandum of Understanding (MoU) with Galaxy Space, Chinese LEO satellite player, to deploy direct‑to‑device (D2D) satellite services nationwide by the end of this year.
According to media reports, Galaxy Space will integrate its LEO satellite constellation into Nigeria’s telecom grid, which will allow existing smartphones and laptops to link directly to the satellites.
The MoU also covers technology‑transfer programmes, joint R&D labs and the co‑production of a CubeSat by Nigerian engineers.
Apart from the benefit of enabling mobile coverage outside of terrestrial network range, Dr Matthew Adepoju, director- general, NASRDA, said the deal with GalaxySpace would enable Nigeria to build up its domestic space technology sector.
“It is no longer acceptable that we must import every single device we need,” he told the News Agency of Nigera. “The time has come for us to produce our own technologies here at home.”
GalaxySpace, which designs and manufactures its own LEO satellites, currently has a test constellation of seven LEO satellites in orbit, and has said its “Mini-Spider” constellation will eventually comprise up to 1,000 satellites.
GalaxySpace said it has also signed multi-tier partnerships in Thailand, the United Arab Emirates, Saudi Arabia, Indonesia, and Malaysia.
Last year, it also signed a deal with Hong Kong carrier PCCW Global to integrate its LEOsat connectivity with PCCW’s worldwide network, giving it access to over 3,000 cities across the Americas, Europe, Africa, the Middle East and Asia-Pacific.
General News
IHS Nigeria, United Nations Global Compact Host High-Level Dialogue on Sustainability and Greener Business Practices in Nigeria

IHS Nigeria, in collaboration with the United Nations Global Compact Network Nigeria, hosted a high-level private sector dialogue themed “Collaborative Strategies for Greener Business Practices, Innovation and Sustainable Development”.
The event, held in Lagos, brought together key players from different sectors including finance, law, telecommunications, biodiversity, and corporate sustainability to explore actionable pathways to achieve meaningful environmental stewardship in Nigeria.
The panel session offered bold perspectives on integrating sustainability into business frameworks across different sectors, whilst dispelling myths, and highlighting opportunities for organizations, and calling for collective action from all players within the business value chain.
Delivering a keynote address, Titilope Oguntuga, Director, Sustainability at IHS Nigeria, emphasized the urgency of environmental consciousness: “Sustainability is not a destination — it’s a collective journey.
“It requires courage to transform, vision to lead, and collaboration to scale. Nigeria stands at a crossroads. We can either be overwhelmed by the risks or rise to become a beacon of green innovation and inclusive growth in Africa. The choice is ours — and the time is now.”
Sylvie Josel, Lead, Biodiversity and Nature-Based Solutions at the United Nations Global Compact, joined virtually from New York and spotlighted nature as a strategic asset:
“Nature must no longer be treated as an afterthought. It underpins everything, from human rights to supply chains. Embedding biodiversity into a company’s core strategy isn’t just a risk mitigation measure; it’s a smart, future-forward business imperative”.
Lanre Babalola, Group Head, Climate Finance and Sustainability at the Bank of Industry (BOI), provided insights into how BOI is funding sustainable ventures and driving innovation: “We look beyond profitability; we look at environmental and social impact. Whether it’s plastic roads, biogas, or solar transitions, we support businesses that are not only bankable but capable of reshaping the future.”
From the legal perspective, Oyeronke Oyetunde, General Manager, Regulatory Affairs, MTN Group, drew attention to the regulatory challenges hindering sustainability adoption: “Our legal frameworks are trailing behind today’s sustainability realities. We need forward-thinking laws, reduced regulatory silos, and incentives that reward the right behavior. Sustainability can’t thrive where enforcement is weak, and taxation is excessive.”
Abimbola Agbejule, Head, Corporate Sustainability and Responsibility at Wema bank, spoke passionately about inclusiveness in sustainable development: “You don’t need to start big to make impact. MSMEs make up a huge part of our economy. Sustainability should be embedded in their day-to-day activities, and we must democratize access to knowledge, tools, and partnerships.”
The session was moderated by Gloria Okorie, Head of Programs at the United Nations Global Impact Center.
The event closed with a resounding call to action for stronger legal frameworks, deeper collaborations, and inclusive capacity building across sectors. The event further reinforces IHS Nigeria’s position as a leader in corporate sustainability and innovation in Nigeria.
“At IHS Nigeria, we recognize that true progress happens when sustainability is not an obligation, but a culture, lived every day, across every unit,” Titilope Oguntuga added.
Through initiatives like this dialogue, IHS Nigeria and its partners continue to champion solutions that protect the planet, empower people, and ensure long-term business viability.
General News
Bridging the Digital Divide: Over 700 Young Africans Empowered by Paradigm Initiative

Paradigm Initiative (PIN), a leading digital rights and inclusion nonprofit, has revealed in its 2024 Annual Impact Report that over 707 young individuals across 11 African countries have been empowered through its flagship LIFE Legacy Programme.
The initiative delivers training in life skills, ICT, financial literacy, and entrepreneurship—transforming underserved communities across the continent.
In 2024, the LIFE Legacy Programme ran 25 training cohorts across Cameroon, DRC, Ghana, Kenya, Senegal, South Sudan, Liberia, Uganda, Tanzania, Zambia, and Zimbabwe. In Senegal, 60 laptops were distributed to local partners, while digital literacy programmes were launched in schools in Cameroon and Tanzania through the LIFE@School initiative.
PIN advanced its advocacy by supporting 29 legal cases in Ghana, Kenya, and Nigeria. A notable success was the landmark judgment in Molehin v. UBA, where the bank was found guilty of violating data privacy laws.
PIN’s research and media efforts made powerful waves. The Londa digital rights report, covering 26 countries, was downloaded 8,457 times. Its fourth short film, Undersight, recorded nearly one million views on YouTube. PIN also developed an AI strategy report with TrustLaw and collaborated with the Centre for Democratic Technology to assess content moderation policies for Kiswahili across Kenya and Tanzania. A separate report highlighted the troubling deployment of surveillance technologies across Africa, which was referenced in direct advocacy engagements with a telecom operator.
The organisation’s advocacy also contributed to the adoption of the African Commission’s Resolution 580, which urges governments to avoid Internet shutdowns during elections—strengthening digital freedom across the continent.
Meanwhile, the Digital Rights and Inclusion Forum (DRIF) convened in Accra attracted 1,004 delegates from 61 countries, strengthening regional collaboration and amplifying the voice of civil society. PIN’s strategic communications pushed its media reach to 1.43 billion and social media engagement to 8.8 million.
Alongside training and policy efforts, the organisation inspired young changemakers through youth-focused campaigns and hosted seven fellows under the Digital Rights and Inclusion Learning Lab (DRILL) fellowship.
Crowning a year of impact, PIN earned the maiden PrivCon Privacy Award in Nigeria and was recognised in the Social Innovation Category at the Nigeria Innovation Awards for its work connecting African youth to digital opportunity.
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