Business
OONI COMMISSIONS OJAJAMORE, TARGETS MORE JOB CREATION WITH 100 STALLS ACROSS NIGERIA IN 2 YEARS
Published
1 year agoon

The Ooni of Ife, Arole Oduduwa Olofin Adimula Ooni Adeyeye Enitan Ogunwusi Ojaja II, today Friday, September 16 2022 at Ile-Ife, Osun state, unveiled an iconic retail outlet branded OjajaMore, a viable food-chain retail store dealing in groceries and other consumables.
Explaining the initiative at the commissioning ceremony held at the premises of the retail store located at the KM 10, Ife/Ibadan express way in Ile-Ife today, the Ooni stated that the establishment of OjajaMore is in fulfillment of his agelong aspiration to redesign retail activities that will be gainfully driven by the Nigerian youths with a view to creating an enduring legacy for Africa in the global space.
“Today, I am exceptionally fulfilled to unveil the OJAJAMORE, one of the profound and timeless initiatives that I envisioned for the modernization of Ile-Ife, Osun State, and other Nigerian cities. It is a triumph and regeneration of retail economies, a reservoir of seamless opportunities for new agro-commodities markets significantly improving access to B2B value chains, a social sanctuary for groceries and other products, and an iconic global brand name that will leave indelible marks on young people through job creation, resolving commoditization issues, and harnessing the integration of locally built flawless novelty digital transactions.
A rethinking of our approach and values for shopping malls in Nigeria and for Nigerians need to be pioneered and readapted. The vision of OJAJAMORE as an indigenous entity with a modern continental outlook is to play a prominent role in people’s lives as a conduit that provides relatable experiences beyond traditional shopping while driving a robust economic culture. It will broaden the boundaries of business growth, increase efficiency, and incorporate value-added elements that will span a remarkable experience and instill a deeper bond in customers.
The OJAJAMORE is part of my multichannel investment strategies, which will naturally serve the Ife Grand Resort and Industrial Park, the OJAJA Arena (a 3,000-seat multi-purpose event center), the OJAJA Hostel (a 2,000-bed hostel facility at Obafemi Awolowo University), and other iconic facilities that I have built in Ile-Ife and the surrounding communities over the last six years. This was a promise that I made at my historic coronation six years ago, and I will stop at nothing to fulfil the truest vision of Ile-Ife as both a symbol of ancient and modern economic powerhouse”. Ooni said.
The Natural Head of the Oduduwa race worldwide stated that he intends to use the new retail store initiative as his deliberate way of getting youths gainfully engaged.
“This is a job creation for the Nigerian youths. OjajaMore simply means where people (consumers) can pay less and get more. It is a combination of royalty and retail to create a different shopping perspective starting from Ile-Ife The Source. The business is structured to allow personalized shopping to grow the retail business which is grossly underdeveloped in Nigeria due to reasons which include proliferation of neighborhood stores and unorganized markets among others.
“While in Johannesburg about 15 years ago on a business visit, I saw so many retail stores, I thereafter realized that as big as Nigeria was and still is, there are only five (5) major malls with no single one in my hometown Ile-Ife that is refined, classy and affordable.
“Like we have names of people branded into companies like this in developed countries, I initiated this project to build the confidence of our younger ones in productive business and investment activities. Youths are the real drivers of economic growth.
“We have started from Ile-Ife because charity begins at home, from here we will cover the entire South West and Nigeria with a chain of over 100 stalls within the next 24 months. It will be first of its kind in Nigeria and the continent of Africa.
“Beyond grooming young minds and serious minded youths in retail business, this initiative will offer over 100,000 direct and indirect employment to our youths across the country, thereby contributing in no small means to human development and capacity building. That’s my target” The Ooni said.
On what Nigerians stand to benefit from patronizing the new outfit, the MD/CEO. of OjajaMore, Mr. Benedict Orioye explained that high-powered technology will be deployed to ensure that customers are treated with respect and royalty as part of value for their money, beyond what is obtainable in similar outfits nationwide.
Orioye said, “Our focus is to have local content as items making up of at least 70 percent of items to be sold here, this is why we are dueling mostly on the farm market. Everything you can think of in the farm will be sold in OjajaMore with decent packaging in line with global standard operating procedure for food handling.
“Aside from fresh and healthy farm produce, the mall will be filled with other retail items as obtainable in other malls around the world but blended with royalty. Our goods are going to be affordably cheap and environment friendly as we have concluded plans to partner the university communities around us to ease the stress of students and other low income earners in shopping.” Orioye said.
In keeping with his unorthodox shift, the Ooni has said OJAJAMORE will be guided by the young people, as they are heroically dedicated to one Nigeria whose greatness and prosperity they are inextricably connected to. As a result, he has intentionally entrusted some of his initiatives and projects to some of Nigeria’s brightest young people. It will be recalled that monarch had on the day of his official coronation in December 2015 dedicated his reign and the throne to the youth. This has consistently seen him engage the youths meaningfully in all his projects and programs both businesses and NGOs.
Apart from Orioye Benedict Gbayisemore, a one time local fisherman from Ilaje Ese Odo area of Ondo state who was appointed MD/CEO of the OjajaMore by the Ooni having discovered him as a well educated and super versatile young man with a Bsc Physics from Obafemi Awolowo University and currently studying for his MSc Business Admin at the University of Ibadan, the super dynamic monarch has also given an array of other brilliant and multi-talented Nigerian youths gainful job opportunities with a lot of them performing creditably well in their various engagements.
Makinde Covenant(DJ Smith) from Ile-Ife, a 3 hundred level student of Dramatic Arts at Obafemi Awolowo University is the one in charge of YAKOYO AFRIKANA an African restaurant which occupies the Gallery section of the OjajaMore established to promote the African heritage using the aspect of our diverse local food and cuisines. There are several other Nigerian youths who have benefited from the Ooni’s G2G platform which he created 4 years ago to drive his Grass-To-Grace aganda for the youths.
A graduate of Obafemi Awolowo University, Oluwaseun Victor Badejo from Ile-Ife is handling OJAJA PARK, a 25 billion naira model city project in Akure while a 30 year old Kamarudeen Adefajo an indigene of Modakeke-Ife with an HND architecture is the one in charge of OjajaMews, another multibillion housing estate project located at Osogbo in Osun state.
A graduate of Osun State Polytechnic who is fondly called Engineer Fisayo has been made to carry out several successful constructions of the Ooni’s projects like the Ife Grand Resort and Industrial Park, the 3000 seaters multi-purpose event center called OJAJA ARENA, a 2000 bedded hostel facility OJAJA HOSTEL at the Obafemi Awolowo University, the OjajaMore all in Ile-Ife.
Former president of National Youth Council of Nigeria (NYCN) Comrade Bello Shagari from Sokoto state is the MD/CEO of Royal African Young Leadership Forum (RAYLF) a platform set up by the Ooni in 2018 for showcasing and celebrating the talented young leaders who are already great but untapped assets for Nigeria. he studied Business Information Systems & Information Technology Middlesex University, London.
Barrister Habeeb Whyte from Abeokuta, a Law graduate of the University of Ilorin is the
MD/CEO Olofin Products Ltd.
an Ooni’s company Packaging everyday agricultural products for sale locally and exports.
One of the Ooni’s Personal Assistants, Tomisin Olawale a graduate of Carleton University, Ottawa, Canada was also recently appointed as Director of Olofin Microfinance Bank, a one-time Ife Community owned bank which has just been succoured by the Ooni for resuscitation. An award winning Inya Sarah Lawal, who coordinates his “Women Owned Micro Businesses” (WOMB).
Others include Olusola Owonikoko, who runs the Royal African Foundation (RAF), Ibidapo Fashina, who runs the Royal African Medical Outreach (RAMO), According to the dynamic king, these young men and women, like millions of others, are a microcosm of his royalty, woven into the fabric of our modernization and industrialization even as history weighs heavily on their shoulders.
While inviting individuals, groups, government and other corporate organizations in Ile-Ife and its environs to join him in the daily patronage of the iconic OjajaMore, the African foremost who doubles as Co-chairman, National Council of Traditional Rulers of Nigeria(NCTRN) monarch admonished government and well meaning Nigerians to always consider the Nigerian youth as the best partners in progress for the economic liberation of the country.
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Business
The Address Homes deliver another project, Ikoyi Crescent on Record time
Published
2 days agoon
December 5, 2023
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.
Business
FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow
Published
2 days agoon
December 5, 2023
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& 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 Bloomberg.com/company or request a demo.
Business
Elated Polaris Bank Customer commends Bank for excellent customer service
Published
5 days agoon
December 2, 2023
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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