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Media, banking leaders honour FirstBank’s Olayinka Ijabiyi at Lagos event – Technology Times

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Friends, colleagues and associates recently gathered in Lagos for Olayinka Ijabiyi a dual event celebrating his confirmation as group head of marketing and corporate communications at First Bank of Nigeria Limited and his 53rd birthday.

The gathering, held at Luxe35 Hotel in Ogba, Lagos, brings together professionals from the financial services, telecoms, media and international development sectors.

The event was moderated by Mojeed Jamiu, publisher of Upshot Reports, who invited guests to share memories and reflections on Ijabiyi’s professional journey and personal relationships.

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Friends, colleagues and industry leaders celebrate FirstBank’s Olayinka Ijabiyi on his confirmation as Group Head, Marketing & Corporate Communications and his 53rd birthday in Lagos. Image credit: QED.

“Many of us here have known Yinka for years. What stands out,” according to Jamiu, “is his ability to connect with people and earn respect across different industries. His confirmation is a reflection of years of dedication to his profession.”

Jamiu described Ijabiyi as a communications professional whose career had been built on consistency and strong relationships.

“Many of us here have known Yinka for years. What stands out,” according to Jamiu, “is his ability to connect with people and earn respect across different industries. His confirmation is a reflection of years of dedication to his profession.”

Olumide Iyanda, publisher of QEDNG, congratulated Ijabiyi on the milestone, noting that his career growth had been closely followed by many of his friends and colleagues.

 “Yinka started out in journalism and has continued to grow through hard work and professionalism. It is gratifying to see him attain another important career milestone while also celebrating a new year in good health and good spirits,” Iyanda added.

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Friends, colleagues and industry leaders celebrate FirstBank’s Olayinka Ijabiyi on his confirmation as Group Head, Marketing & Corporate Communications and his 53rd birthday in Lagos. Image credit: QED.

While congratulating Ijabiyi on his confirmation as substantive group head of marketing and corporate communications at First Bank after serving in an acting capacity since December 2024, amon Nasir, group head of media and external relations at UBA, noted that the position comes with greater responsibilities and higher expectations.

He urged Ijabiyi’s friends and colleagues to continue supporting him as he takes on the demands of the role and strives to sustain his performance in the corporate sector.

Rasheed Bolarinwa, group head of brand management and corporate communication at Polaris Bank, who is also the immediate past president of the Association of Communication and Marketing Professionals in Banks (ACAMB), echoed Nasir’s remarks, noting that overseeing marketing and corporate communications in a major bank is a demanding responsibility that requires dedication, strategic thinking and resilience.

Responding, Ijabiyi thanked those present for honouring him and sharing in his celebration.

“I am deeply grateful for the friendship, support and encouragement I have received over the years. This gathering means a lot to me because it brings together people who have been part of my journey in different ways. I look forward to the opportunities and responsibilities that come with this new role,” he said.

Ijabiyi began his professional career as a reporter with TheNews/Tempo magazine and has since built a career spanning journalism, marketing and corporate communications.

A fellow of the National Institute of Marketing of Nigeria, he has developed and executed corporate brand strategies at leading organisations including MTN, MultiChoice, Etisalat Nigeria and British Council.

The roll call of attendees include Shina Badaru, founder of Technology Times; Olumide Iyanda, publisher of QEDNG; Ayeni Adekunle, founder of Black House Media; Azuh Arinze, publisher of YES International; Mojeed Jamiu, publisher of Upshot Reports; Ayodele Aminu, managing director of New Telegraph; Eki Eboigbe, creative director at Entertainment Bus Stop Limited; Rasheed Bolarinwa, group head of brand management and corporate communication at Polaris Bank; Ramon Nasir, group head of media and external relations at UBA; and Olakunle Aderinokun, head of media and public relations at Access Holdings.

Others in attendance included Bamidele Johnson, chief operating officer at Strategic Outcomes Limited; Chris Adetayo, director of CNG Marketing Communications Limited; Ademola Akinbola, publisher of The Podium International Magazine; Tunde Oladipo, group brand lead at Dangote Industries Limited; Semiu Okanlawon, publisher of NPO Reports; Mike Dada, founder of All Africa Music Awards (AFRIMA); and Steve Ayorinde, former Lagos State commissioner for information and strategy.

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EuroMatch NPFL: The Whistle That Won Both Sides — Ibuot Nsisong Linus Earns Rare Praise After Kwara United-Ranchers Bees Thriller

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Kwara United claimed the three points, but centre referee Ibuot Nsisong Linus emerged as another major talking point from Sunday’s EuroMatch Nigeria Premier Football League (NPFL) encounter after earning commendation from both sides following the hosts’ entertaining 2-1 comeback victory over Ranchers Bees in Ilorin.

Linus, from Akwa Ibom State, handled the EuroMatch NPFL Matchday Seven fixture at the Kwara State Stadium, working alongside assistant referees Ikponmwonsa Imuetinyan and Morrison Otuwho, with Abdulmalik Abdulganiyu serving as fourth official.

Read Also: BREAKING: “Nigeria’s Whistle Passes the Test” — Ojeleye John Tope Clears CAF Futsal Fitness Examination in Morocco, Boosts Nigeria’s Officiating Pride

Ranchers Bees carried the advantage into half-time, but Kwara United responded after the break to turn the contest around and secure another important EuroMatch NPFL victory. The visitors were eventually reduced to 10 men following Faisal Sani’s dismissal for a second yellow card.

Despite the intensity surrounding the comeback and sending-off, the encounter ended peacefully, with coaches from both clubs commending Linus and his officiating team after the final whistle.

One supporter, Ismaila, was equally impressed by the referee’s management of the EuroMatch NPFL contest.

“I loved what I saw today—free-flowing football from both sides. The officiating was outstanding, and we pray to see more performances like this,” he said.

“Fans come to enjoy good football, regardless of who wins. When the game flows well and we do not see bias in the officiating, everybody can go home peacefully. You have to give credit to this referee; he deserves commendation.”

Linus has been building his reputation through Nigeria’s refereeing development structure. He was previously identified among the country’s Young Talent referees for a FIFA Member Association course before progressing to EuroMatch NPFL assignments.

Sunday’s performance offered another opportunity for the emerging official to demonstrate his ability in Nigeria’s top flight.

Effective security and medical arrangements also contributed to a successful matchday, while both teams, officials and supporters departed the stadium without any reported incident.

For the EuroMatch NPFL, it was the kind of afternoon that strengthens confidence in the competition: an exciting comeback, competitive football, disciplined benches and an officiating team praised by winners and losers alike.

Kwara United took the points, but Linus took the applause — a notable Matchday Seven moment for the EuroMatch NPFL.

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Fuel subsidy would cost Nigeria over N20trn yearly — Minister

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The Federal Government has rejected calls for the return of petrol subsidy, warning that subsidising fuel could cost the country more than N20 trillion annually and ultimately make petrol more expensive.

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this on Thursday during a press briefing in Abuja on rising petrol prices and the subsidy debate.

Mr Oyedele said Nigeria consumes about 50 million litres of petrol daily, meaning that returning petrol to its pre-2023 reform price would cost more than N20 trillion every year.

He said even a proposal to sell petrol at N500 per litre would cost the government more than N16 trillion annually, before accounting for increased consumption and smuggling.

“Amounts of that size are nearly everything the Federation Account shared among all three tiers of government in 2025,” Mr Oyedele said.

He warned that funding such a subsidy would come at the expense of other government responsibilities, including salaries, pensions, schools, hospitals and security.

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The minister’s comment comes amid renewed calls for the reintroduction of fuel subsidy, with the issue increasingly featuring in political debates ahead of the 2027 general elections.

‘Subsidy could push petrol to N2,000 per litre’

According to the minister, a return to subsidy could weaken government revenues, trigger a sovereign credit downgrade, increase borrowing costs and put pressure on foreign reserves and the naira.

The government estimates that the exchange rate could approach N3,000 to the dollar within months if subsidy is restored.

Mr Oyedele said this could push the price of so-called subsidised petrol to at least ₦2,000 per litre, significantly above the current average of about ₦1,400.

“A subsidy does not lower the cost of fuel. It only changes how it is paid, and when,” he said.

He argued that crude oil, freight and refining inputs are largely priced in dollars, meaning that forcing down the naira price of petrol would effectively require the government to subsidise foreign exchange.

‘Production subsidy’ is consumption subsidy

The minister also rejected descriptions of a proposed subsidy for locally refined petrol as a “production subsidy”.

He said a genuine production subsidy would support producers who could not compete at market prices, whereas the proposal being discussed would amount to providing discounted crude that would eventually be passed on to consumers at the pump.

“This is different, it is a discount on crude, passed through to the pump. That is a consumption subsidy by another route, with the same bill attached,” he said.

Mr Oyedele said subsidised fuel would also increase the price differential between Nigeria and neighbouring countries, potentially encouraging smuggling and effectively making Nigerian taxpayers subsidise motorists in other countries.

N15.8trn saved from subsidy removal

The minister defended the 2023 removal of petrol subsidy, saying it had released N15.8 trillion to the Federation Account between June 2023 and December 2025.

Of that amount, N10.4 trillion went to states and local governments, he said.

Mr Oyedele said 27 states could not reliably pay salaries in May 2023, but that none was in that position at the time of the briefing.

At the federal level, he said about two-thirds of the subsidy savings, combined with additional independent revenue and borrowing, had been used for spending that directly benefited Nigerians through higher wages, infrastructure, electricity subsidy and social transfers.

The remaining funds, he said, were used to stabilise the economy, particularly as the cost of servicing debt increased due to higher interest rates introduced to tackle inflation.

Government rejects blanket subsidy

Mr Oyedele said the government had instead used tax and duty waivers, local refining, naira-for-crude arrangements, exchange-rate stabilisation and CNG deployment to moderate fuel costs.

He said the government had granted a full waiver of taxes and duties on petrol worth more than N3.3 trillion for the year to 30 September 2026.

He added that the government would continue to consider targeted relief rather than a blanket subsidy.

Among the new measures are a 30-day discount on petrol sold at NNPC stations, a proposed N1,350 ceiling on the ex-gantry or landing cost of petrol, additional cash transfers, subsidised credit and faster CNG deployment.

READ ALSO: NNPCL: Accounting for fuel subsidy, By Uddin Ifeanyi

The government is also considering an excess profit tax on energy operators, with proceeds earmarked for measures to cushion vulnerable consumers.

Mr Oyedele said the government would not reverse the subsidy reform, arguing that doing so would expose Nigeria to the same cycle of fuel scarcity, smuggling, currency weakness and fiscal pressure experienced in the past.

“Our task is not to reverse a necessary reform designed to set our country on the path towards sustained prosperity,” he said. “It is to make sure its gains reach more Nigerians, more quickly and in more tangible ways.”


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