Business
Urban Dev Bank Unveils New Identity, Today
The Urban Development Bank of Nigeria (UDBN) Plc will unveil its new identity today in Abuja, to “more accurately represent the bank’s new philosophy and ambition for the future.”
The bank’s managing director, Adekunle Oyinloye, said that the ceremony will be performed by the Finance Minister, Dr. Ngozi Okonjo-Iweala.
“The change in identity is in part, due to a need to change people’s perception of the bank. Our belief is that the new brand identity will serve to differentiate and underpin our corporate vision, mission and culture. “We have the competencies and values that go beyond the provision of finance,” he added.
UDBN was established by decree 51 of 1992 by the Federal Government to “foster the rapid development of urban infrastructure throughout the federation through the provision of finance and banking services.”
It was privatised in 2007 following injection of private-sector capital to kick-start its turn-around process.
The bank’s main focus was in transportation, mass housing, municipal services, water provision, solid waste management, power and renewable energy.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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