NEWS
FBNQuest Merchant Bank Named ‘Strategic Growth Champion of the Year’ at the 2025 BAFI Awards
L-R: Chief Financial Officer, FBNQuest Merchant Bank Limited, Olamide Adeosun receiving the Strategic Growth Champion Award of the year from Christopher Bajowa at the 2025 Banks and Other Financial Institutions (BAFI) Awards, held recently in Lagos.
Lagos, Nigeria – 14 October 2025 – FBNQuest Merchant Bank, a premier
investment and wealth management institution, has been honoured with the
prestigious title of ‘Strategic Growth Champion of the Year’ at the 2025
BusinessDay Banks and Other Financial Institutions (BAFI) Awards.
This recognition affirms the bank’s leadership in shaping Nigeria’s economic
trajectory through strategic advisory, innovative capital solutions, and landmark
transactions that continue to redefine key sectors of the economy.
Celebrating Excellence in Financial Strategy and Impact
Renowned for its rigorous, data-driven selection process, the BAFI Awards spotlight
institutions that exemplify financial strength, strategic foresight, and a measurable
contribution to national development. FBNQuest Merchant Bank’s win underscores
its role as a catalyst for sustainable growth and transformation within Nigeria’s
financial landscape.
“We are proud to be recognised as a Strategic Growth Champion,” said Afolabi
Olorode, Acting Managing Director/CEO of FBNQuest Merchant Bank. “This award
reflects our unwavering commitment to delivering value-driven solutions,
empowering our clients, and contributing meaningfully to Nigeria’s economic
advancement.”
Key Drivers of Strategic Growth
FBNQuest Merchant Bank’s performance stood out across several dimensions:
Financial Excellence: Sustained profitability, robust capital adequacy, and
superior returns to shareholders, underpinned by disciplined risk management
and governance.
Transformative Transactions: Execution of high-impact deals across capital
markets,and project finance—mobilising billions of naira into infrastructure,
energy, telecoms, and manufacturing.
Innovation Leadership: Development of bespoke structured finance and
wealth management products, leveraging technology to anticipate client
needs and set new industry standards.
Advancing Nigeria’s Development Agenda
Beyond commercial success, FBNQuest Merchant Bank remains deeply committed
to national progress. The bank continues to mobilise capital for critical infrastructure,
support government diversification efforts, and champion investments that foster job
creation and inclusive growth.
Looking Ahead: Financing the Future
“This recognition is a springboard for our next phase of strategic evolution,” added
Olorode. “We are deepening our sector expertise, expanding digital capabilities, and
reinforcing our leadership in sustainable finance—particularly in renewable energy
and infrastructure.”
About FBNQuest Merchant Bank
FBNQuest Merchant Bank is a full-service merchant bank offering investment
banking, advisory, and transaction services to corporate, institutional, and
government clients. The bank is also committed to social impact through initiatives
like The Epic Walk, which promote wellness, community engagement, and
development.
About the BAFI Awards
Organised by BusinessDay, the BAFI Awards are Nigeria’s benchmark for excellence
in financial services. They honour institutions and leaders who demonstrate
innovation, resilience, and a significant contribution to the growth and stability of
Nigeria’s financial sector.
NEWS
FG reforms NYSC, replaces military leadership, redesigns uniform
The Federal Executive Council has approved a comprehensive overhaul of the National Youth Service Corps, marking the first major restructuring of the scheme since it was established 53 years ago.The reforms, approved at the FEC meeting in Abuja on Monday, are aimed at repositioning the NYSC into a skills-focused, productivity-driven institution aligned with the Federal Government’s economic agenda.A key aspect of the reform is a change in the leadership structure of the scheme, with the NYSC set to be headed by a civilian, while the military will continue to provide security for corps members nationwide.The council also directed the Attorney-General of the Federation and the Federal Ministry of Youth Development to amend the NYSC Act and relevant regulations to provide legal backing for the approved changes and enable their implementation.
Announcing the approval on X, the Minister of Youth Development, Ayodele Olawande, described the reforms as the first holistic review of the scheme in its 53-year history.He said, “We are transforming the Scheme into a platform that not only unites Nigeria but also equips our young people with the skills, experience and opportunities they need to thrive in a fast-changing world.”
Olawande said the approved reforms would reposition the scheme as “a skills-driven, productivity-focused and youth-empowering institution that aligns with President Bola Tinubu’s vision of building a $1 trillion economy.”
According to him, the reforms include “a technology-driven call-up process, risk-sensitive deployment to better protect corps members, a redesigned six-week orientation programme with stronger focus on leadership, entrepreneurship, digital skills and specialised career streams, skills-based primary assignments aligned with academic background and career pathways, modern governance with civilian operational leadership while the military continues to provide security support, improved camp standards through a national grading and certification system, and a new graduation ceremony to replace the Passing Out Parade, alongside a redesigned NYSC uniform that reflects professionalism and national pride.”Olawande said the reform process began in 2025 through a broad-based review involving the Federal Ministry of Youth Development, the Federal Ministry of Education and the Office of the Special Adviser to the President on Policy and Coordination before receiving FEC approval.He added, “This is more than a reform of an institution. It is an investment in Nigeria’s greatest asset, our young people. The future of the NYSC begins now, and it is brighter, more relevant and more impactful than ever.”Established in 1973 following the Nigerian Civil War, the NYSC was created to promote national unity by deploying graduates to states outside their regions of origin for one year of compulsory national service.The latest reforms represent the first comprehensive review of the scheme since its creation, with the Federal Government saying the changes are designed to make the institution more relevant to Nigeria’s contemporary economic and youth development needs.
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NEWS
PRESIDENT SWEARS IN NEW COMMISSIONERS FOR RMAFC, NPC
President Bola Tinubu has sworn in new Commissioners for the National Population Commission (NPC) and the Revenue Mobilization Allocation and Fiscal Commission (RMAFC).The ceremony took place before the commencement of the Federal Executive Council meeting, this Monday. Former chairman, National Hajj Commission, Abdullahi Mukhtar Mohammed from Kaduna state and Amina Gamawa representing Bauchi took oath of office as federal commissioners for the revenue commission. Six new Commissioners were inaugurated for the population commissioner. They are Kolawole Oladipupo Alabi – Ekiti State, Nasiru Mu’azu – Zamfara State, Isaka Alada Yahaya – Kwara State, Prof. Sadiq Isah Radda – Katsina State, Suleiman Umar – Jigawa State and Chiso Abdullahi Dattijo from Sokoto State.
NEWS
Governor Dauda Lawal Chairs Security Council Meeting, Vows Unprecedented Support for Frontline Troops
Governor Dauda Lawal of Zamfara State has reaffirmed his administration’s unwavering resolve to back security forces in the ongoing campaign against insurgency, banditry and other violent crimes plaguing the state.Presiding over the weekly State Security Council meeting on Thursday, June 25, at the Government House in Gusau, the governor convened the state’s top security brass for a high-level strategic session aimed at recalibrating the state’s counter-insurgency approach.In a terse but firm statement, Governor Lawal disclosed that deliberations centered on reinforcing troop deployments in high-risk zones, fast-tracking intelligence-sharing mechanisms and overhauling rapid-response protocols to better safeguard civilian populations.”I want to make it clear to every service commander in this room; the welfare and operational readiness of our troops remain non-negotiable. My administration stands ready to authorize every required resource logistical, material and otherwise to ensure they operate at full capacity,” Lawal declared.The governor underscored that his foremost priority remains the restoration of lasting peace across Zamfara and he assured security chiefs of his open-door policy, urging them to channel operational needs directly to his office without bureaucratic bottlenecks.With the meeting concluding, sources indicate that concrete action plans are being finalized to boost joint task force patrols and community intelligence networks, signaling a renewed offensive push in the coming weeks.
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