’Catch Them Young’ – SWAN Ibadan takes outreach programme to Basorun/Ojoo High School

The outreach, which featured a career talk and mentoring session, was aimed at exposing the students, particularly the girl-child, to career opportunities in accounting and encouraging them to become responsible members of society.

Speaking during the programme, the Chairperson of SWAN Ibadan Chapter, Mrs Adedipe Atinuke Victoria, said the initiative was part of the society’s efforts to empower the girl-child and help young people make informed decisions about their future.

Adedipe urged the students to stay away from illicit drugs and other activities capable of distracting them from their academic pursuits.

She also introduced the students to the accounting profession, describing it as a versatile and highly sought-after career that offers opportunities for professional growth and leadership.

She further enlightened them on the various pathways to becoming Chartered Accountants and the role of the Institute of Chartered Accountants of Nigeria (ICAN) in the profession.

‘We came to tell them about the Institute of Chartered Accountants of Nigeria (ICAN) and how they can become accountants and everything they need to know about the profession.

‘The programme is designed to impact lives positively and also to let the girl-child know that they are important in the society,’ she told TRIBUNE ONLINE shortly after the event.

Reacting to the initiative, Pastor Ayoola Stephen Oluyinka expressed appreciation to SWAN Ibadan for taking the outreach to the school, saying the programme would encourage the students to take their studies more seriously.

‘We express our profound gratitude to SWAN Ibadan for this laudable intervention. We will also ensure that the students put all that they learned this morning to practice,’ he said.

The highlight of the programme was the presentation of books and other educational materials to the students.

The students, in turn, expressed appreciation to the society for the gesture and the opportunity to learn more about career development and the accounting profession.

SWAN is the female arm of the Institute of Chartered Accountants of Nigeria, inaugurated in 1978 with the mission of bringing female accountants together, mentoring young professionals, and providing a strong support network to help women thrive professionally and personally.

APC leaders urged to close ranks ahead of elections

Leaders and stakeholders of the All Progressives Congress (APC) in Surulere Federal Constituency II have been urged to close ranks and strengthen grassroots engagement ahead of the forthcoming general elections.

Member of the House of Representatives representing the constituency, Lanre Okunola, made the call at the party’s monthly strategic meeting held at the Itire-Ikate Local Council Development Area (LCDA) Secretariat.

Okunola, who chaired the meeting, urged ward chairmen and party members to remain united and focused on the party’s ideals of progressive governance and grassroots development.

He said the party must deepen engagement at the ward level and prevent internal disagreements from affecting its preparations for the elections.

‘What we have in Surulere Constituency 2 is a united, formidable and disciplined party. As we move towards the forthcoming elections, we must close ranks, deepen our engagement at the ward level and continue to deliver on the Renewed Hope Agenda of our leader, President Bola Ahmed Tinubu and Governor Babajide Sanwo-Olu. No internal division should be allowed to affect us. Our victory must be total,’ he said.

The meeting also reviewed the party’s activities at the grassroots and discussed ways of improving coordination across the wards.

The Chairman of Itire-Ikate LCDA, Oluwafemi Daniel Odunayo, who hosted the meeting, commended Okunola for what he described as purposeful leadership and effective representation.

Odunayo said Okunola’s facilitation of projects across Coker-Aguda and Itire-Ikate LCDAs was strengthening the party’s credibility among residents.

Access Bank solves Sh2.1bn capital deficit with NBK merger

Access Bank Kenya is set to resolve a Sh2.11 billion capital shortfall through its merger with National Bank of Kenya (NBK) as their parent firm consolidates its Kenyan operations amid rising regulatory requirements.

The Central Bank of Kenya (CBK) said Wednesday that it had approved the transfer of all assets and liabilities of Access Bank Kenya to NBK, following approval on August 17 under the Banking Act and clearance by the Treasury on September 21.

Nigeria’s Access Bank Plc acquired NBK from KCB Group in May 2025. The buyout of NBK was Access’ second acquisition in Kenya, coming after the 2020 deal in which it bought Transnational Bank and rebranded it to Access Bank Kenya.

‘The CBK announces the transfer of all assets and liabilities of Access Bank Kenya to NBK…The transfer shall take effect upon completion of the transaction in accordance with the terms of the Business and Assets Transfer Agreement between the parties,’ said CBK.

The completion of the transfer in line with the business and assets transfer agreement between the pair will come as a relief for Access Bank Kenya, which had core capital of Sh892 million as at end of June 2026 against the required minimum of Sh3 billion.

NBK held core capital of Sh12.01 billion over this period, making it fully compliant with the Business Laws (Amendment) Act 2024 that raised the minimum core capital from Sh1 billion, triggering a wave of fundraising for extra capital among 10 banks.

However, Access Bank Kenya, had stated in June that it was counting on the merger with NBK to hit compliance rather than turn to its parent company for additional funding.

‘Access Bank (Kenya) Pic’s core capital currently stands at Sh892 million, which is below the regulatory minimum of Sh3 billion. The proposed merger with NBK is expected to fully close this shortfall, strengthen the combined entity’s core capital and ensure regulatory compliance,’ Access Bank Kenya said in August in a commentary on its half-year 2026 financial results.

The transfer also consolidates Access Bank’s Kenyan operations under NBK, potentially giving the group a larger balance sheet.

The transaction comes as Kenyan banks face progressively higher capital requirements following changes to the Banking Act.

Under the Business Laws (Amendment) Act 2024, the minimum core capital requirement was raised from Sh1 billion to Sh3 billion by December 2025. The law initially provided for further increases to Sh5 billion by the end of 2026, Sh6 billion in 2027, Sh8 billion in 2028 and Sh10 billion by 2029.

The higher requirements triggered a wave of capital raising, particularly among smaller lenders seeking to remain compliant.

The government has since adjusted the implementation of the Sh10 billion requirement. In June, Treasury CS John Mbadi scrapped the staggered compliance timeline, extending the deadline to December 2032 and setting a one-off deadline for banks to meet the threshold.

Oborevwori approves new salary structure for tertiary institution workers in Delta

Governor Sheriff Oborevwori of Delta State has approved a new salary structure for academic staff of the four state-owned universities effective from August 2026, while that of non-academic staff and other tertiary institutions would take effect from September.

Governor Oborevwori stated this in Asaba while speaking at the swearing-in of Emasogbe Oghene, the newly appointed Auditor-General of the State, and the inauguration of the Governing Councils of the University of Delta, Agbor; Dennis Osadebay University, Asaba; and Southern Delta University, Ozoro.

He said the four state-owned universities now offer professional courses including medicine, law, nursing and accounting, adding that student enrolment had risen from about 50,000 in 2023 to more than 100,000 in 2026. The enrolment figure has also been reported by the state government in recent education-sector briefings.

He further noted that the academic calendar of the universities had not been disrupted by staff strikes or student unrest in 17 years, describing the development as evidence of the state government’s commitment to stable academic activities.

He described the State as an emerging education hub in Nigeria, saying his administration is committed to repositioning the state-owned universities as centres of excellence and charged the newly inaugurated councils to pursue policies that would strengthen corporate governance, improve institutional efficiency and position the universities for sustainable growth.

He said the Councils, as the highest policy-making bodies of the institutions, must ensure regular meetings, collective responsibility, transparency and accountability, while ensuring that the universities operate strictly in accordance with their enabling laws.

Governor Oborevwori also tasked the Councils to maintain zero tolerance for sexual harassment, examination malpractice, cultism, favouritism and corruption, urging them to apply disciplinary measures whenever rules were breached.

Saying that the State Government would continue to support tertiary education within the limits of available resources, he noted; ‘It is unrealistic and unsustainable for a university to rely solely on government funding’.

While urging the Councils to devote substantial time and resources to marketing their institutions and attracting private-sector investments, he said his administration had continued to invest heavily in infrastructure and staff welfare. He disclosed that he had approved the construction of two hostels for each of the nine state-owned tertiary institutions, with each hostel designed to accommodate 480 students.

The governor charged the councils to build on the progress recorded and make the institutions more competitive nationally and internationally.

He charged the new Auditor-General of Delta State, Emasogbe Matthew Oghene to discharge his duties with transparency, courage, professionalism and fairness, warning against political witch-hunting and deliberate cover-up.

Responding on behalf of the appointees, Patrick Muoboghare, the Pro-Chancellor and Chairman of the Governing Council of Dennis Osadebay University, thanked Governor Oborevwori for appointing him and other members of the council.

Muoboghare called for the establishment of a Higher Education Endowment Fund to provide sustainable funding for tertiary institutions to enable them to compete favourably with their counterparts globally.

He challenged eminent Deltans and Nigerians to partner with government by investing in student hostels, staff accommodation, lecture halls and faculty buildings, stressing that government alone could not provide all the infrastructure required to develop the universities.

The newly inaugurated councils comprise distinguished academics, professionals and public servants. Victor Peretomode chairs the University of Delta Governing Council, Patrick Muoboghare chairs that of Dennis Osadebay University, while Godson Echegile chairs the Southern Delta University council. The three councils had been formally constituted by the state government in August.

Pashinyan and Erdogan begin meeting in New York

Armenian Prime Minister Nikol Pashinyan and Turkish President Recep Tayyip Erdogan have begun a meeting in New York.

The meeting is taking place on the sidelines of the 81st session of the United Nations General Assembly.

The talks bring the Armenian and Turkish leaders together as Yerevan and Ankara continue efforts to advance the normalisation of their bilateral relations.

Further details about the agenda of the meeting have not yet been disclosed.

Beyond Racing: What Formula 1 fans can expect at 2026 Azerbaijan Grand Prix

The 2026 Azerbaijan Grand Prix will bring a variety of entertainment to Baku alongside the action on the track, as Formula 1 celebrates its 10th anniversary in the Azerbaijani capital.

According to information provided to AzerNEWS by Baku City Circuit, the main Entertainment Zone will be set up along Baku Boulevard, where fans and families will have access to a wide selection of activities and experiences throughout the race weekend.

Formula 1 enthusiasts will be able to take part in several interactive attractions. A racing simulator will give visitors the opportunity to virtually drive an F1 car and compete to record the fastest lap. The Pit Stop Challenge will test participants’ teamwork and speed, with groups of two or three competing to change the tyres of an F1 car as quickly as possible. The leading teams will qualify for a final, with prizes such as signed memorabilia and paddock tours on offer to the winners.

The Fan Zone will also feature several attractions dedicated to the Formula 1 experience. Visitors will be able to view an F1 show car and the FIA championship trophy. Through an augmented-reality selfie experience, fans can also take virtual photographs with F1 drivers and team principals. An F1 DJ podium will recreate the atmosphere of a Grand Prix podium celebration.

The programme will include activities for those looking for entertainment beyond motorsport. The Ninja Challenge will offer an obstacle course featuring climbing walls, balance sections and rope elements, while a zipline will provide visitors with a high-speed attraction across the Fan Zone.

Young fans will also have dedicated entertainment options. At the Kids’ Grand Prix, children will be able to drive miniature electric cars on a specially designed track. The children’s area will additionally offer themed face painting, creative workshops and a selection of trampolines, including a helmet-shaped inflatable attraction.

Driver appearances will form another part of the programme. During Fan Forums, Formula 1 drivers and team representatives will appear on the main stage to answer fan questions and discuss their championship experiences away from the racing circuit.

A series of roaming performances will add to the atmosphere throughout the day. The entertainment line-up will include traditional national dances, Amarok’s drum performance, Mirror Dancers, Mirror Racing Show, Flying People and Drum Girls.

The Fan Zone stage will also host a series of musical performances. DJs Pancho, Maya Aziz, Nicolas Mun, Nazreen, Tim and Vugarixx will perform, alongside Excellent Band and Mardan Band.

The entertainment programme will continue into the evening at Baku Crystal Hall. International stars Calvin Harris and Katy Perry are scheduled to perform on Thursday and Friday respectively, adding live music to the Grand Prix weekend.

Running from September 24 to 26, the 2026 Azerbaijan Grand Prix will combine Formula 1 racing with live performances, concerts, interactive attractions, and fan activities across Baku, offering visitors a programme that extends well beyond the circuit.

Why 90,000km fibre may not end Nigeria’s rural connectivity gap

Nigeria’s planned 90,000-kilometre national fibre network may expand the country’s digital backbone, but stakeholders are increasingly confronting a harder question: how to turn the infrastructure into meaningful connectivity for millions of Nigerians still offline.

More than 23 million Nigerians remain without meaningful connectivity, according to industry estimates.

The scale of the gap is even larger under the Federal Government’s Project BRIDGE assessment, which has identified more than 33 million Nigerians as offline. Bosun Tijani, minister of Communications, Innovation and Digital Economy has separately said Nigeria is seeking to connect about 40 million people without internet access.

The varying estimates point to a broader problem: Nigeria’s connectivity challenge is no longer simply about laying fibre. It is about getting networks, devices, electricity, affordability and digital services to people in communities that remain commercially difficult to serve.

Tijani reinforced that distinction at the United Nations General Assembly in New York.

‘What we do not have is meaningful connectivity, the sort of connectivity that you truly need to be able to benefit from the sort of innovation that we’re seeing,’ he said.

His comment comes as the Federal Government accelerates Project BRIDGE, a $2 billion programme that will deploy 90,000 kilometres of fibre and expand Nigeria’s national backbone to more than 120,000 kilometres.

The government now expects the project, initially planned for five years, to be completed within three years. Tijani said the fibre network is central to Nigeria’s plan to reach people without internet access.

Fibre is only the first layer

The challenge facing Nigeria is that a national fibre backbone does not automatically put an internet connection into a rural household.

Project BRIDGE is expected to provide open-access infrastructure that telecom operators and internet service providers can use to extend their networks. But additional investment will still be required to connect communities and end users.

This is why the Federal Government is pursuing other connectivity programmes alongside BRIDGE.

The Nigeria Universal Communication Access Project is designed to deploy about 3,700 telecommunications sites in underserved and unserved communities. Tijani said at least 200 of the sites are expected to be active before December, with each tower serving communities of between 5,000 and 10,000 people.

The government is also looking to satellite connectivity for locations where fibre and terrestrial towers cannot reach.

The combination of fibre, towers and satellite infrastructure suggests that closing Nigeria’s connectivity gap will require several technologies rather than a single nationwide network.

Quality remains a problem

The urgency is also reflected in the quality of existing connections. NCC industry statistics show that 2G still accounted for 36.54 percent of mobile-generation market share in July 2026, even as 4G and 5G adoption increases in urban areas.

This highlights the difference between being technically covered by a mobile network and having the kind of high-capacity connection needed for modern digital services.

For rural communities, the barriers extend beyond network infrastructure. Weak electricity supply, low purchasing power, limited access to smartphones and the cost of deploying and maintaining networks can all affect whether connectivity becomes commercially viable.

That means the success of Project BRIDGE cannot ultimately be measured only in kilometres of fibre laid. Its bigger test will be how many additional Nigerians gain reliable, affordable and useful access to the internet.

The Rural Connectivity Summit 2.0 is expected to focus precisely on that gap as Nigeria moves from building its digital backbone to connecting the people who have yet to benefit from it.

2026 Azerbaijan Grand Prix: Speed enthusiasts take part in Pit Lane Walk

Excitement is building in Baku as the 10th anniversary race of the Formula 1 Azerbaijan Grand Prix approaches. A range of activities have been organized for fans from the first days of the race weekend. One of them is the traditional Pit Lane Walk, which gives fans an opportunity to get closer to the world of Formula 1.

Fans walked along the pit lane, passed in front of the teams’ garages and watched closely as the cars were prepared for the race. The garages of Ferrari, Red Bull Racing, Mercedes and other teams were among the most popular stops for fans. Getting a close look at the cars, meeting the drivers and taking photos with them were among the highlights of the walk.

Meanwhile, life in the pit lane continued as usual. The sound of engines, the work of the mechanics and preparations inside the garages made it clear that only a few hours remained before the race. From just a few metres away, fans were able to follow these activities and see another side of Formula 1 beyond the track.

Fans left the Pit Lane Walk with memorable impressions after an atmosphere filled with excitement. Attention now turns to the main action at the Baku City Circuit.

Why Nairobi is an ideal hub for setting up these wealth preserving institutions

The United Nations Conference on Trade and Development in July revealed that foreign direct investment (FDI) inflows into Kenya hit Sh413 billion in 2025, more than doubling figures recorded three years ago.

According to the report, the rise is partly attributed to both external factors, such as investors seeking new frontiers amid growing geopolitical tensions in other economies, as well as internal factors, such as wide-ranging reforms Kenya has instituted in its capital and money markets.

While the growth has been commendable, Kenya still lags countries like Egypt and South Africa, and the emergence of other economic powerhouses including Ethiopia and Rwanda has raised the competitive stakes.

This has prompted the exploration of other avenues to channel new investment into the country, and one of these emerging options for Kenya is family offices, favoured by high net worth individuals (HNWI) to professionalise the management of their estates.

Family offices are private wealth management advisory firms that serve ultra-HNWIs.

Family offices offer a wider range of financial services than most wealth management shops. For example, in addition to investment planning and management, many family offices manage their clients’ budgets, insurance, charitable giving, wealth transfer planning, tax services, and more.

The private family offices have grown in popularity among HNWIs looking to diversify their investment income, formalise the running of their family businesses, and manage and safeguard their financial legacies.

A report by UBS Global Wealth Management released in June this year, looking at 307 family offices with an average net worth of $2.7 billion, found that family offices continue to diversify across assets, currencies and regions.

Currently, North American assets and developed markets remain the backbone of most portfolios, with UBS indicating just a fraction (1 percent) of regional asset allocation by HNWIs is directed at Africa. This presents an opportunity for Kenya to position itself as a preferred destination for wealthy families to set up shop.

In the first place, the traditional perception of family offices serving as avenues to protect wealthy oligarchs who park assets in offshore accounts and low-tax jurisdictions is changing.

Family offices today are becoming more professional and diversified in their portfolios as more and younger individuals enter the HNWI bracket.

The institutions today are characterised by higher levels of external expertise as opposed to close relatives and a family lawyer making all the decisions. In addition, increased connectedness in the global economy facilitated by technology has presented new avenues and asset classes available to portfolio managers.

This is where Kenya comes into the picture. Kenya’s economy is much more diversified and connected to the global economy. Recent reforms in corporate governance, legal practice, investor protection fiscal policy also make Nairobi an ideal hub for setting up family offices.

Gleaning insights from protracted legal wrangles over the estates of deceased patriarchs, more business leaders today are actively developing and reviewing their succession plans to future-proof their legacies.

Family disputes, including divorce, lack of succession planning, or the sidelining of younger heirs from key decisions have been identified as some of the leading threats facing these institutions. Private family offices serve to professionally navigate the challenges outlined above, and for many HNWIs, they serve a crucial function in safeguarding their investment priorities despite economic headwinds.

Amid doubts, INEC assures Rivers opposition parties of credible elections

Despite growing doubts over the conduct of elections in Rivers State, the Independent National Electoral Commission (INEC) has assured opposition political parties in the state of free, fair and credible polls in 2027.

Opposition parties in the State, under the aegis of the Inter-Party Advisory Council (IPAC), had expressed fears over possible electoral violence, alleged political intimidation and INEC’s impartial conduct of the 2027 general elections.

INEC held a strategic engagement with IPAC on Monday in a bid to address these issues, and as part of efforts to promote a peaceful, transparent and credible electoral process ahead of the 2027 elections.

The meeting brought together INEC officials and leaders of various political parties in the State and focused on the conduct of the elections and the need for greater collaboration among stakeholders.

Johnson Alalibo Sinikiem, INEC Resident Electoral Commissioner, Rivers State, assured the parties that the Commission would conduct elections that are free and fair.

He was responding to concerns raised by political parties, particularly over the use of Local Government Area headquarters, as colation centres during elections.

He said, ‘In all election circles, we expect a better one. Not only in Nigeria, even in other climes of the world. Even we as election managers, we are expecting better elections.

‘All the times it has been free and fair. But it depends on the operators and the people in the field. I always say it: those people in the field, once they play by the rules, we don’t have anything to worry about. For us, we assure you that the commission, from headquarters to the state and to the local government will be free to all political parties,’ he said.

Sinikiem explained that Council headquarters are secured and established places, adding that ‘during colation, we need appropriate places for both accommodation and the security of men and materials and the officers that are doing colation’.

Meanwhile, the State chapter of the Inter-Party Advisory Council has raised concern over what it described as a series of negative political developments in the State.

Ben Ogbobula, IPAC State Secretary and Chairman of the Zenith Labour Party, advised INEC to carefully consider concerns raised by political parties and maintain neutrality in the discharge of its responsibilities.

He said, ‘IPAC is ready for elections. We also told them to be mindful of the colation centres, that other political parties are not happy with what the ruling party is doing. So we urged INEC, to be observant and not to be partial, but to ensure that what is meant for Mr A is also good for Mr B. So that they play a neutral ground in these forthcoming elections.

‘Especially now that a lot of political parties like the African Democratic Congress (ADC) Some days ago, some of its members were arrested for unlawful gathering, though this is election period. People are supposed to gather,’ he said.

Ogbobula alleged that the ruling party in the State has been sending people to burn the offices of opposition political parties, to disorganise their meetings and warned that no political party should be intimidated.

‘So, they should allow people to campaign and sell their manifestos to the people’ he urged.