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Oando Leads as Sponsor of Africa Oil Week 2023



 Africa’s leading indigenous energy solutions provider, Oando PLC, is set to participate as a lead sponsor at one of the continent’s leading energy conferences, Africa Oil Week, scheduled to be held in Cape Town, South Africa, from October 9 – 13, 2023.

As a thought leader in Africa’s energy sector, Oando will participate in various interviews and plenary sessions, sharing thought-provoking insights on how to propel the continent’s energy sector forward.

Themed “Maximising Africa’s Natural Resources in the Global Energy Transition”, the 29th Edition of Africa Oil Week will bring together deal makers, including African governments, international and national oil companies, independents, G&G actors, service providers and investors, to engage in high-level discussions and exchange valuable knowledge on ways to propel the energy sector forward and actualize the continent’s goal of energy efficiency.

To be competitive in today’s energy world, Exploration and Production (E&P) companies in Africa must embrace new business models and navigate complex regulatory, operational, and technical realities.

As Africa’s upstream landscape evolves, Africa Oil Week will bring two of the continent’s most active E&P players and two of sub-Saharan Africa’s largest oil-producing countries to discuss their approach to developing Africa’s natural resources.

Themed “The Rise of Africa’s Independents & Indigenous Operators”, Dr. Ainojie Alex Irune, Chief Operating Officer, Oando Energy Resources, will represent the company in an interview with Mansur Mohammed, Head of West Africa Upstream Content at Sub-Saharan Africa Oil & Gas, Wood Mackenzie to share insights on how the company is developing Africa’s natural resources.

As leaders in the private sector striving towards achieving a carbon-neutral Africa, Oando will continue to exploit the continent’s clean and renewable energy sources to solve the continent’s energy deficit.

To this end, Dr Irune, in his capacity as President & CEO, of Oando Clean Energy (OCEL), will be a panelist in an Energy Leaders Debate, highlighting new perspectives and solutions on the role of renewables in increasing access to modern energy alongside Adonis Pouroulis, Chief Executive Officer & Founder, Chariot; Zaher Ibrahim, Vice President, EMEA, Baker Hughes; and Thabo Molekoa, Chairman and Managing Director, Siemens Energy. Emma Champion, Head of Regional Energy Transitions, Bloomberg NEF will moderate the debate session.

The panellists will share their views on how Africa can explore innovative solutions for more energy and climate neutrality in the context of affordability and equality, how to fast-track and deliver innovative projects in support of the global energy community as well and how to harmonise national, regional, and continental activities to bring about the desired change for the continent.

Following the adoption of the Petroleum Industry Act in 2021, the Electricity Act in 2023, and the recent removal of its multi-billion dollar gasoline subsidies, Nigeria, Africa’s biggest oil producer, must address its security challenges if it is to achieve its 2 million barrels per day threshold and boost gas supply.

As a proudly indigenous Nigerian energy solutions provider, Oando will share insights in a session themed ‘Nigeria – A Renewed Hope for a High Energy Future’. Representing Oando, Akinbambo Ibididapo-Obe will discuss how the Petroleum Industry Act and Electricity Act will create new opportunities for investments across the value chain, the commercial aspirations of Nigerian independents and how they can access capital to expand energy and gas infrastructure, amongst others.

Harnessing Africa’s vast natural resources and energy ambitions would be impossible without funding. For buyers wanting to invest in Africa, access to capital (both debt and equity) is proving more challenging.

To this end, experts, including Adeola Ogunsemi, Chief Financial Officer, Oando PLC, will speak on the topic, “Financing for African Upstream Deal Flow”.

As traditional commercial bank financiers continue to make global announcements about reducing their exposure to oil & gas globally and given that most acquisitions of big packages of African upstream assets will require debt across the line, this session will share insights on navigating the funding challenge.

In addition, Oando, represented by, Ms. Ayotola Jagun, Chief Compliance Officer and Company Secretary, Oando PLC, will participate in a plenary session themed “The Energy Industry Value Proposition – Amplification of the ‘S’ in ESG”, moderated by Lame Verre, Board Chair, Lean in Equity and Sustainability.

Africa Oil Week provides a collaborative stage to connect, share intelligence on enabling policy for capital and investment, showcase licenses and bid rounds, help move projects forward and inform their long-term business strategy in the African upstream.

The event aims to advocate for Africa to develop its oil and gas sector with strong and sustainable carbon management strategies and to facilitate equitable transactions that make a positive global impact and a legacy of socio-economic development across the continent.


The Address Homes deliver another project, Ikoyi Crescent on Record time






In line with its tradition of providing regal and lavishly built luxury housing brands in its bid to bridge the gap in the housing deficit in the country, The Address Homes Limited, Nigeria’s leading real estate development firm dedicated to the attainment, development, and management of bespoke deluxe contemporary homes, has completed and delivered yet another project in Ikoyi Crescent in a very efficient and timely manner.

Known as The Address Homes Wemabod Estate and located on Ikoyi Crescent, Lagos, the property uniquely designed to give homeowners that serene environment and luxury taste, is on two non-contiguous plots of land designated 37A, Ikoyi Crescent (measuring 2,343m2) and 37C, Ikoyi Crescent (measuring 2,130m2).

Speaking on the completion of the project, the Chairman and founder of The Address Homes Limited, Dr. Bisi Onasanya stated that the company is committed to delivering luxury homes that meet the highest standards of quality and functionality on record time.

He also stated that the company’s attention to detail and commitment to customer satisfaction have earned them a reputation as one of the country’s leading real estate development firms.

“At The Address Homes, we believe in the power of real estate as a tangible asset that builds equity and sets you up for long-term success.

“We evolve concepts that take account of each customer’s taste, budget, time frame, market environment, and the opportunities available.

“We have successfully delivered numerous contemporary homes in the Ikoyi, Banana Island area and another fabulous four, namely; The Luxuria by The Address Homes, Dan and Dan Apartments by the Address Homes, Aunty Ayo, Manuwa Park and Harold Shodipo, GRA are at finishing stages,” Onasanya stated.

On his part, the Managing Director, Wemabod Limited, Mr. Oluyemi Ejidiran commended The Address Homes for delivering quality housing to Nigerians as he described the engagement with The Address Homes as the best fit given its pedigree in the built industry.

He said, “The choice of The Address Homes on this project is quite strategic given its experience and professionalism in the built sector. We are glad that they’ve not only delivered in record time, but notably, the delivery is even coming earlier than they promised.”

Located in a very serene environment directly opposite the official residence of the State Deputy Governor, the roundabout around the area, which serves as the meeting point of Gerrard Road and Ikoyi Crescent, off Alfred Rewane Road, Ikoyi, Lagos, affords good access to Lagos Island, the Third Mainland Bridge, Victoria Island and the Lekki-Ajah axis through the Lekki Link Bridge. This makes the property an attractive option for those seeking a well-connected and tranquil living environment in Lagos.

The property, with a total of 18 units of luxury apartments comprising: 10 units of four-bedroom terrace houses (each with one maid’s apartment); four units of five-bedroom (each with an additional two maid’s apartments) semi-detached buildings; and four units of five-bedroom (each also with additional two maid’s apartments) fully-detached buildings, interestingly, has been sold out already.

The Address Homes Wemabod comes with world-class amenities such as Wet and Dry Kitchen, Ample Parking Space, Double Volume Master Bedroom, Communal Swimming Pool and it is fully Secured.

Buoyed with its unwavering reliability and dedication to quality, custom-tailored homes, which have made The Address Homes one of the highly respected companies in the property development business, the company’s commitment to excellence and customer satisfaction has earned them numerous awards and recognition in the real estate industry.

The Address Homes is a luxury brand known for integrity, professionalism, excellence and timely delivery of excellent jobs.

The firm has delivered over 250 homes to Lagosians on Bank Road in Ikoyi, Banana Island Ikoyi close 107, Banana Island Road, Ikoyi, Banana View, Femi Okunu, Victory Park Lekki, Alma Beach Lekki, Banana Island Ikoyi close, Elegushi-Ikate Lekki, Taiye Olowu and Wemabob Estate.

The firm has extended construction to Ikeja and some parts of Ajah. Currently, the projects in Harold Shodipo, Ikeja GRA, and Aunty Ayo, Keffi Street, Ikoyi aimed at contributing 101 units to South West Ikoyi by 2023 are at finishing points.

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FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow




Bloomberg announced today that FirstBank UK Limited (FirstBank UK), the UK subsidiary of First Bank Nigeria Limited, the premier West African bank,
has adopted Bloomberg’s Trade Order Management System (TOMS). By integrating TOMS into
its workflow, FirstBank UK will have access to a comprehensive suite of data and analytics,
communications, as well as order and execution management solutions, enabling it to
streamline its fixed-income bonds business.


FirstBank UK is a niche market-maker to its customers in Africa. The business provides market
liquidity in cash bonds, primarily in Nigerian, Angolan, Egyptian and Ghanaian Eurobonds to
manage risk and optimize its inventory. Thanks to Bloomberg’s coverage, TOMS enables the
trading desk of FirstBank UK to support its client base and to monitor its positions, profit and
loss (P&L) and Risks.


“By integrating with our existing systems, Bloomberg TOMS provides FirstBank UK with a
complete end-to-end trading workflow covering African bonds in most of our home markets,”
said Olukorede Adenowo, CEO-designate at FirstBank UK.“ The solution enables us to focus on
expanding our footprint in the African Fixed Income landscape and delivering a first-in-kind service
to our customers in Africa.“We are pleased to help FirstBank UK enhance operational efficiency across its enterprise with
our award-winning sell-side order management solution TOMS,” said Lisa Bravo, Global Head
of Sell-Side OMS at Bloomberg.

“TOMS empowers firms to create a seamless workflow from
their front and middle-office, through to their operations and enterprise applications, while
concurrently delivering their front office users with real-time execution, risk and P&amp analytics.”
FirstBank UK has further digitized its order management workflow by offering clients access to
liquidity on its own Eurobond Single-Dealer Platform. The application has been integrated with
Bloomberg TOMS to centralize order handling and aggregated custom analytics and
liquidity tools within a single interface, to be hosted and connected to multiple trading venues.
“The integration of TOMS with our custom-built electronic trading platform, allows our customers
real-time access to liquidity in our markets, something unique to the majority of our customers,”
said Robert Hagenaars, Head of Markets at FirstBank UK.

For additional information about Bloomberg’s sell-side solutions, please click here.
About Bloomberg Bloomberg is a global leader in business and financial information, delivering trusted data,
news, and insights that bring transparency, efficiency, and fairness to markets. The company
helps connect influential communities across the global financial ecosystem via reliable
technology solutions that enable our customers to make more informed decisions and foster
better collaboration. For more information, visit or request a demo.

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Elated Polaris Bank Customer commends Bank for excellent customer service




Polaris BAnk


Polaris Bank customer, Ife Michael, who recently aired her concerns on X (formerly Twitter) on a school fees transaction, has commended the Bank for resolving her Complaint swiftly as promised.


Ife Michael tweeting via her X handle @V_Ifemichael had called out the Bank for ‘seizing’ her funds as sent from a UK University where she had sought admission.

Polaris Bank reacted promptly to her Complaint and engaged her to explain the process and promised to resolve the issue which the Bank did swiftly.

An apparently elated Ife Michael went back to the micro blogging site to recount her experience with an update on her earlier thread of how the Bank swiftly resolved her Complainant.

The Bank, according to her update “responded and reached out to explain in details the guidelines underpinning FX transaction as it relates in particular to International payment.

In her tweet, Ife Michael expressed gratitude to Polaris Bank’s swift action and transparent communication. According to her, the Bank clarified that the situation was complex but assured her that the funds would be promptly refunded to the school. And Polaris Bank did exactly as it promised as it promptly refunded the money to Roehampton University and initiated necessary processes to streamline the refund.

The engagement began when Polaris Bank’s headquarters made the first contact at 11:48 am, and by 3:41 pm on the same day, Ife Michael confirmed that the Bank had successfully refunded the funds and

fulfilled all required procedures. The Bank also took the extra step of writing to the school to facilitate the process.

This positive outcome highlights Polaris Bank’s commitment to customer satisfaction, responsive and excellent customer service, and adherence to regulatory policies. The incident not only showcases effective conflict resolution but also underscores the power of a Bank fostering transparent communication between it and her customers.

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