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
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
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