Business
UBA Champions Diaspora Healthcare Investment at ANPA America Symposium
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has reaffirmed its commitment to strengthening diaspora engagement, advancing healthcare development in Nigeria through the introduction of its healthcare investment proposition to the Nigerian-American medical community at the 2026 ANPA Carolinas Symposium held in Charlotte, North Carolina.
The ANPA Carolinas Symposium, hosted annually by the South Carolina and North Carolina Chapters of the Association of Nigerian Physicians in the Americas (ANPA), convenes over 170 physicians and healthcare professionals for medical and scientific dialogue on issues impacting communities across North America, the Caribbean, and Africa, particularly among people of Nigerian descent.
Speaking at the event, UBA’s Head of Diaspora Banking, Anant Rao, made a compelling case for structured diaspora participation in Nigeria’s healthcare transformation, encouraging attendees to expand their contribution beyond remittances toward long-term institution-building.
“The financial infrastructure required to connect your success abroad to sustainable institutional impact at home has not been intentionally designed for diaspora healthcare investors until now,” Rao said.
During his presentation, Rao introduced the ANPA–UBA Diaspora Healthcare Investment Platform — a professionally managed investment vehicle designed to channel diaspora capital into specialist hospitals, diagnostic centres, telemedicine infrastructure, and medical training institutions across Nigeria.
“Every dollar invested delivers a dual return — creating value for investors while contributing meaningfully to Nigeria’s healthcare future. We now have the regulatory framework, banking infrastructure, governance structures, and institutional commitment to make this possible,” he added.
Under the proposed structure, UBA will serve as custodian and structuring bank, while United Capital Asset Management, one of Nigeria’s leading asset managers with over ₦1.2 trillion in assets under management, will act as fund manager.
As part of deepening engagement with the Nigerian-American medical community, Rao also proposed a Memorandum of Understanding (MoU) between UBA and the two ANPA chapters. The proposed collaboration is anchored on six strategic pillars: preferred banking offerings for ANPA members; quarterly financial education sessions; the joint Healthcare Infrastructure Fund; a dedicated ANPA Wealth and Legacy Desk; access to group-rate family healthcare plans through Avon HMO; and a UBA co-matching contribution framework to support qualifying impact vehicles under the Pearl Endowment Fund.
The initiative represents a further expansion of UBA’s diaspora value proposition, which currently includes Non-Resident Nigerian (NRN) accounts in multiple currencies, fixed-income and dollar-denominated investment solutions through United Capital, elder-care trust solutions under the Homeland Anchor Care Trust programme in partnership with Avon HMO, and private wealth management offerings tailored to senior diaspora professionals.
The 2026 ANPA Carolinas Symposium marks another milestone in UBA’s strategic engagement with the diaspora community and reinforces the Bank’s long-held belief that diaspora capital can play a transformative role in accelerating healthcare and infrastructure development across Africa.
The post UBA Champions Diaspora Healthcare Investment at ANPA America Symposium appeared first on Business Today NG.
Business
NCC Appoints Oforitsenere Emiko as Interim Board Chairman to Drive Nigeria’s Tech Skills Transformation
BY NKECHI NAECGE -ESEZOBOR—The Nigerian Communications Commission (NCC) has appointed Princess Oforitsenere Emiko as the Interim Chairman of the Governing Board of the Digital Bridge Institute (DBI). This strategic move is part of the Commission’s ongoing efforts to reposition the institute to meet the growing demands of Nigeria’s evolving digital economy.
The announcement was disclosed on Monday in a statement by the NCC’s Director of Public Affairs, Nnenna Ukoha.
According to the Commission, the appointment is aimed at strengthening the institute’s capacity to respond to the rapid transformation of the communications sector and the emerging requirements of the broader digital market.
Alongside Princess Emiko, the NCC named Engr. Abraham Oshadami, Executive Commissioner for Technical Services, and Ms. Rimini Makama, Executive Commissioner for Stakeholder Management, as interim board members. They are expected to work closely with the President and Chief Executive Officer of DBI, David Daser, as well as other continuing board members whose tenures remain valid.
Established by the NCC in May 2004, the Digital Bridge Institute was originally created as a specialized training center for telecommunications and information technology.
However, the Commission noted that the sector has since transitioned into a wider digital economy that demands continuous skills development and advanced technical capacity.
The NCC emphasized that the restructuring of the institute reflects the vital role communication infrastructure plays in national development and economic sovereignty.
A major driver of this initiative is Nigeria’s youth demographic, with approximately 70 percent of the population under the age of 30, making targeted skills development a critical component of the national transformation agenda.
To address this, the Commission stated that the renewed focus of the institute will center on five key areas: education and training, research and development, innovation, economic impact and growth, and emerging policy and regulation.
This new strategy was developed through extensive consultations involving key public stakeholders, including the Federal Ministry of Communications, Innovation and Digital Economy, the Federal Ministry of Education, TETFund, the Federal Ministry of Science and Technology, and the National Agency for Science and Engineering Infrastructure (NASENI). The initiative is ultimately designed to align DBI’s mandate with modern technological realities and strengthen Nigeria’s overall position in the global digital economy.
The post NCC Appoints Oforitsenere Emiko as Interim Board Chairman to Drive Nigeria’s Tech Skills Transformation appeared first on Business Today NG.
The Central Bank of Nigeria (CBN) has proposed the revision of the regulatory framework governing financial holding companies to bolstering the resilience and stability of the country’s financial system.
The regulator disclosed the plan in a circular signed by Rita Sike, the director of its Financial Policy and Regulation Department, on Thursday, inviting stakeholders to send their reviews of the guidelines by 9 July.
“Following several years of implementation, the CBN has identified areas within the extant guidelines that require enhancement to strengthen the operational effectiveness and regulatory oversight of financial holding companies,” the statement noted.
CBN stated that it would further promote a safe, sound and resilient financial system with the guidelines.
It noted that the overhaul was necessary after years of implementing the existing framework introduced in 2014 to mitigate the risks arising from the conduct of non-core banking activities within banking groups.
The regulation review addresses gaps and aligns with evolving regulatory and market developments.
Revisions
Among the key revisions in the guidelines is the clarification and enhancement of minimum capital requirements for financial holding companies to ensure their capacity to serve as a reliable source of financial strength to their subsidiaries.
The revised guidelines also address identified gaps in shared services arrangements to prevent potential abuse or undue advantage over banking subsidiaries.
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According to the CBN, the revision takes into consideration the establishment of clear eligibility requirements for promoters seeking to set up financial holding companies.
The revised framework streamlines the structure of financial holding companies by permitting them, instead of their Nigerian banking subsidiaries, to directly own equity interests in foreign subsidiaries.
It also requires financial holding companies to maintain a minimum 51 per cent equity stake in each subsidiary and be registered as persons with significant control with the appropriate corporate registration authority.
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