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Sterling Bank Leads Africa’s Green Revolution with Agriculture Summit Africa 2025

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Africa’s agricultural rebirth gathers momentum as Agriculture Summit Africa (ASA) 2025, the continent’s foremost platform for advancing sustainable and inclusive agricultural transformation, returns under the bold theme ‘Survival of the Greenest: Reclaiming Africa’s Food Destiny’.

 

Scheduled for November 6–7, 2025, at the Transcorp Hilton, Abuja, ASA 2025 is set to spotlight financing pathways to drive sustainable growth in the agricultural sector.

 

Now in its eighth year and convened by Sterling Bank, the summit will bring together policymakers, agribusiness leaders, investors, and innovators from across Africa and beyond to explore innovative solutions to the continent’s agricultural challenges.

 

Furthermore, the event will foster collaboration and innovation, examining how green finance, digital tools, and climate-smart practices can transform Africa into the world’s next agricultural powerhouse.

 

Addressing attendees at the press conference to announce plans for the summit, Abubakar Suleiman, Managing Director and Chief Executive Officer of Sterling Bank, emphasised the Bank’s purpose for convening the summit, noting that, “At Sterling, we believe Africa’s food future will be secured not by chance but by deliberate, collective effort.”

 

“Our commitment is rooted in the conviction that agriculture is central to Africa’s transformation, socially, economically, and environmentally. ASA 2025 is a platform that has galvanised this transformation by uniting policymakers, innovators, and investors around one shared goal: reclaiming Africa’s food destiny through sustainability and innovation.”

 

With over 60% of the world’s uncultivated arable land and a rapidly growing population, Africa holds immense potential to become a global agricultural powerhouse.

 

However, productivity challenges, limited access to finance, and the escalating impacts of climate change continue to hinder food security. ASA 2025 will leverage multi-sector partnerships and policy alignment to accelerate the continent’s transition from dependence to self-sufficiency.

 

“This year’s theme, ‘Survival of the Greenest,’ underscores both the urgency and the unique opportunity before us,” commented Olushola Obikanye, Group Head, Agric Finance and Solid Minerals at Sterling Bank. “Africa’s food future lies in sustainability, innovation, and collaboration.

 

ASA provides a platform where governments, financiers, innovators, and farmers can engage meaningfully to design solutions that strengthen agricultural value chains, unlock financing, and foster inclusion. Agriculture is not just an economic imperative; it is the heartbeat of Africa’s transformation,” he added.

 

The two-day event will host delegates from over 30 African countries, providing valuable opportunities for networking, policy engagement, and investment facilitation among agribusinesses, innovators, and financiers enabling access to capital.

 

The event will also feature high-level panels, keynote addresses, policy dialogues, exhibitions, and an Investment Deal Room (a marketplace designed to connect investors with viable agribusiness ventures and initiatives).

 

Sunbeth Global Concepts, a global agro-commodities sourcing and trading company, will co-convene the summit, contributing its expertise in agribusiness strategy, capacity building, and development partnerships.

 

Eyitemi Adebowale, Head of Corporate Affairs and Communications at Sunbeth, spoke to the company’s commitment to sustainable agriculture, saying, “We are proud to co-convene ASA 2025 because we believe the future of Africa’s development is rooted in sustainable agriculture. Through this summit, we aim to spotlight solutions that empower farmers, attract investment, and promote climate-smart practices that build resilience across the continent.”

 

With strategic partners including Mastercard, which will lead discussions on digital tools for agricultural transformation, ASA 2025 is poised to ignite a movement toward innovation and financial inclusion within the agricultural sector.

 

Other key sponsors and partners include the International Finance Corporation (IFC), The Alternative Bank, Arzikin Noma, ONE Foundation, Noor Takaful, Bühler, and many others.

 

About Agriculture Summit Africa (ASA)

Agriculture Summit Africa (ASA) is the continent’s foremost platform for advancing agricultural innovation, investment, and sustainability. It brings together leaders from government, business, and development sectors to foster collaboration, share insights, and drive action toward a resilient, inclusive agricultural future for Africa.

 

Interested participants and organisations can register at www.agricsummit.org.

 

About Sterling Bank Limited

Sterling Bank Limited is a full-service national commercial bank in Nigeria and a member of Sterling Financial Holdings Group. With a heritage of over 60 years, the bank has evolved from Nigeria’s pre-eminent investment banking institution to a trusted provider of retail, commercial, and corporate banking services.

 

Sterling is a forward-thinking financial institution committed to transforming lives through innovative solutions, exceptional service, unwavering integrity, and a steadfast focus on its HEART strategy, which centers on Health, Education, Agriculture, Renewable Energy, and Transportation. As pioneers in digital banking and financial inclusion, Sterling continues to lead by example, showing how purpose-driven leadership can deliver transformative outcomes for individuals, businesses, and society at large.

 

Guided by a culture of innovation and a passion for excellence, Sterling Bank remains dedicated to redefining the banking experience for millions of customers across Nigeria.

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Desperation, job scams push Nigerians into Russia–Ukraine war recruitment

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Growing desperation among young Africans seeking opportunities abroad is fueling a dangerous cycle that leaves many vulnerable to exploitation, including alleged recruitment into foreign military conflicts, foreign policy and security experts have warned.

 

Professor of International Relations, Femi Otubanjo, said the unfolding reports of Africans, including Nigerians, ending up in military camps in Russia reflect a complex global pattern driven by economic hardship and long-standing international recruitment practices.

“It takes two to tango. So, you have to have a partnership for certain things to be achieved,” Otubanjo said, noting that stories of foreign job seekers being redirected into military service are not entirely new in global conflict dynamics.

He explained that while allegations of false recruitment persist, the underlying driver remains economic desperation, particularly across Africa where youth unemployment remains high.

“The reality is that we have to admit it too, there are a lot of Africans who are desperate to go anywhere,” he said.

According to him, with between 50 and 60 per cent of Africa’s population made up of young people, the lack of jobs continues to push many to take extreme risks in search of economic survival. He added that high exchange rates and the lure of earning foreign currency further encourage risky migration decisions.

Otubanjo also noted that the use of foreign fighters is historically embedded in global conflicts, even though countries rarely admit it publicly.

“No country wants to admit that it is using mercenaries because it wants to claim it has the capacity from its own citizenry,” he said.

Similarly, Senior Research Fellow at the Nigerian Institute of International Affairs (NIIA), Dr Nicholas Erameh, said claims of forced conscription require careful verification, stressing that the context of each case must be thoroughly investigated.

“It is difficult to say Russians came into Nigeria to pick people and forcefully conscript them into their armies,” Erameh said.

He explained that some individuals may have voluntarily entered agreements without fully understanding the implications, while others may have been misled through employment promises abroad.

Erameh said the Federal Government should consider establishing a fact-finding mission to determine the accuracy of the allegations and clarify whether Nigerians were truly coerced into military service or entered agreements knowingly.

“The best way is for the government to establish a fact-finding mission to test the veracity of the claims and counterclaims,” he said.

Concerns intensified following reports of Nigerians allegedly lured to Russia under false job promises before being forced into military service.

One of such cases involves Nigerian citizen, Abubakar Adamu, who has appealed to the Nigerian government for urgent repatriation after claiming he was deceived into joining the Russian military.

Adamu reportedly travelled to Moscow in late 2025 on a tourist visa issued by the Russian Embassy in Abuja, believing he had secured a civilian job as a security guard. However, upon arrival, his travel documents were allegedly confiscated and he was forced to sign enlistment papers written in Russian without translation or interpretation.

He later discovered the documents had enlisted him into the Russian Armed Forces. Currently held in a Russian military camp, Adamu has reportedly refused deployment to combat zones in Ukraine, leaving him stranded in what sources described as a coercive and dangerous situation.

The case is part of a broader pattern involving African nationals from Nigeria, Ghana, Kenya and Uganda, who have allegedly been lured abroad with promises of employment or education, only to be redirected into military service.

An investigative report by All Eyes on Wagner indicated that fewer than 36 Nigerians were reportedly recruited to fight in Russia’s war against Ukraine, with at least five confirmed dead.

The report, which analysed a database of 1,417 African recruits between 2023 and mid-2025, suggested that some foreign fighters were deployed in high-risk assault operations described as “cannon fodder.”

Further concerns emerged after Ukraine’s Defence Ministry on February 12, 2026 released photographs of two Nigerians, Hamzat Kazeem Kolawole and Mbah Stephen Udoka, who were reported to have died while fighting for Russia in Luhansk.

Kolawole reportedly signed a contract with the Russian military in August 2025, while Udoka enlisted in September the same year.

Both were said to have had no prior military training and died during an attempted assault on Ukrainian positions.

Meanwhile, the Russian Ambassador to Nigeria, Andrey Podyolyshev, last week denied claims that Moscow is recruiting Nigerians to fight in the conflict.

Speaking in Abuja, he said he was unaware of any government-backed programme targeting Nigerians and added that any verified cases would be investigated by Russian law enforcement authorities.

A Twitter user, now X, Kelechi Amasike, blamed poor governance and corruption for pushing young Nigerians to seek risky opportunities abroad.

“If only this country’s politicians weren’t stealing and looting the citizens blind why would a young man like Adamu with a potential bright future journey to Ukraine or Russia for work. Do you see anyone from UAE, Saudi Arabia, China or Singapore or Taiwan in Russia or Ukraine,” he tweeted?

 

-Guardian

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Nairagram Completes N10bn Capital Raise to Deepen Financial Connectivity Across Africa

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Nairagram, a leading pan-African payments and financial infrastructure company, has successfully completed its N10 billion Commercial Paper issuance, fully subscribed within 48 hours of going to market.

The company, which made this known in Abuja on Monday, said that the Commercial Paper programme received final regulatory approval from the Central Bank of Nigeria (CBN) on January 26, 2026.

According to it, following the completion of market preparations on Monday, February 3, 2026, Nairagram officially launched the issuance.

By Wednesday, February 4, the entire N10 billion offer had been fully subscribed, with completion finalised on Thursday, February 5, 2026 — underscoring strong investor confidence in the company’s strategy, governance, and growth trajectory.

Proceeds from the issuance will support Nairagram’s operations across 37 African countries, accelerate expansion, and deepen its presence in key markets including Nigeria, Ghana, Senegal, Côte d’Ivoire, Guinea-Conakry, Cameroon, Kenya, and Uganda, among others.

Building on this momentum, Nairagram disclosed plans to raise up to N50 billion in 2026 through a combination of capital market instruments to further strengthen its balance sheet, expand product capabilities, and scale its pan-African payments infrastructure.

Speaking on the significance of this milestone, president and co-founder of Nairagram, Idris Ibrahim, said:
“This successful Commercial Paper issuance is a strong validation of Nairagram’s vision and execution. The speed and scale of the subscription reflect institutional confidence not only in our business, but in the broader opportunity to build resilient, African-owned financial infrastructure that supports trade, remittances, and economic growth across the continent.”

Also speaking on the transaction, co-founder of Nairagram, Gbolahan Obanikoro, stated: “As global financial infrastructure continues to evolve, there is a clear opportunity to build scalable pan-African payment platforms capable of operating at both continental and international scale. This transaction demonstrates how local capital, sound regulation, and strong governance can support the development of sustainable indigenous infrastructure for Africa and the world.”

Nairagram extends its appreciation to the Central Bank of Nigeria for its regulatory oversight and support throughout the process. The company specifically acknowledges the leadership of the governor, Yemi Cardoso, as well as the deputy governor, Economic Policy, Mohammed Sani Abdullahi, and the director, Trade and Exchange, Musa Nakorji, whose continued commitment to strengthening Nigeria’s financial markets enables sustainable capital formation and responsible growth.
Nairagram reaffirmed its commitment to innovation, regulatory excellence, and long-term value creation as it continues to scale its platform and support Africa’s rapidly evolving financial ecosystem.
Nairagram is a pan-African payments and financial services company providing secure, compliant, and scalable payment solutions across Africa and beyond. The company enables payments into, out of, and within Africa, supporting bank deposits, mobile money, and cash pickup across multiple markets through a single unified API.

With operations spanning 37 African countries, Nairagram processes over US$2 billion in payments annually, reflecting the scale, reliability, and operational depth of its infrastructure as a trusted partner for financial institutions, fintechs, and enterprise clients seeking efficient access to African payment corridors.

 

-Leadership

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Strike: Labour, FCT Minister Reach Agreement, Workers Resume Tuesday

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The Organised Labour and the Minister of the Federal Capital Territory (FCT), Nyesom Wike, have reached an agreement to end the strike action involving workers in the FCT Administration, paving the way for an immediate resumption of work from this Tuesday.

 

The agreement was reached after a conciliatory meeting between labour leaders and the FCT minister, convened at the instance of the Chairman of the Senate Committee on the FCT, Senator Mohammed Bomoi.

The all-night meeting, according to labour sources, began late on Monday night at 11:45 p.m. and stretched into the early hours of Tuesday, ending at 3:51 a.m. after prolonged and frank deliberations.

The outcome of the talks was formally communicated to union members in a joint circular issued by the Trade Union Congress of Nigeria (TUC) and the Nigeria Labour Congress (NLC) on behalf of the Joint Union Action Committee (JUAC).

 

The circular was signed by the Secretary General of the TUC, Comrade General N.A. Toro, and the Acting General Secretary of the NLC, Comrade Benson Upah.

Labour said all grievances that triggered the industrial action were tabled and addressed during the meeting.

 

The unions also said the FCT minister gave assurances of improved labour, management relations, anchored on mutual respect and continuous engagement with workers and their representatives.

As part of the resolutions, both parties agreed that no worker would be victimised for participating in the strike action. In addition, all cases arising from the dispute and currently before the National Industrial Court (NIC) were to be withdrawn immediately, clearing the legal bottlenecks associated with the action.

 

The circular read, “All complaints presented by JUAC members were taken one after the other and fully addressed. The Honourable Minister assured Organised Labour of mutual respect and sustained engagement going forward.

 

“It was agreed that, arising from the strike action, no worker shall be victimised in any manner.Consequently, all JUAC members and all affiliates of the TUC and NLC working in the Ministry of the FCT are hereby directed to resume work immediately”.

 

Following the agreement, JUAC members and all affiliates of the TUC and NLC working under the ministry of the Federal Capital Territory were directed to resume work immediately.

 

Labour leaders urged strict compliance with the directive, stressing the need to restore normal services and sustain industrial peace in the nation’s capital.

 

-Leadership

 

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