Business
IWD: Access Bank, stakeholders decry gender discrimination in workplace
IWD: Access Bank, stakeholders decry gender discrimination in workplace
By Lydia Ngwakwe
Speakers at the Access Bank women conference have called for equitable representation of women in the workplace.
The News Agency of Nigeria (NAN) reports that the conference was organised by the bank to mark the 2023 International Women’s Day (IWD) on Thursday in Lagos.
The 2023 IWD had the theme: “Embrace Equity.”
In his keynote speech , Dr Akinwunmi Adesina, President of the African Development Bank (AfDB), said that the bank had the highest percentage of women enterpreneurs in the world.
Adesina said that in many African countries women were responsible for most of the agricultural production.
“Women in businesses are on the rise across the country and have contributed significantly to job creation and economic growth.
“Women are bankable. It is, however, believed that women in Africa continue to face a fallen two billion dollars finance gap. How do we explain that? There is inbuilt gender based biases against women in terms of access to finance,” he said.
Adesina said that as Africa’s premier financial institution, the bank remains committed to empowering women and closing the gender gap in African countries.
He said that the AfDB was making efforts to achieve gender parity across its workforce in the near-term.
“Currently, the overall distribution is 39.5 per cent women and 60.5 per cent of men are going to split to achieve full gender parity at the African Development Bank by 2028.
“We are making significant progress, already 50 per cent of my executive leadership team is made up of women,” Adesina added.
According to him, now is the time for women to take action, raise equity and build a better and more inclusive future.
“By investing in women, we create a ripple effect that positively impacts the entire community,” Adesina said.
In her goodwill message, the wife of the Vice-President, Mrs Dolapo Osinbajo, frowned against the stigmatisation of women in the society.
Osinbajo said that the conference was a forum for women to talk about issues affecting them.
She noted that many women had achieved great heights in the society in spite of the challenges.
“Surely their successes will give validation to the dreams of others; those who are here and those who are online.
“And so for a moment I’ll speak about dreams. What are your dreams? Where are your dreams? Are they very good? Are they burning in your heart to inspire today by all you see around you?
“Step down the doubt. The doubt of faith can I do it? Step down the fear,” Osinbajo said.
She enjoined women to dream big without thinking of limitations as obstacles.
The Minister for women Affairs and Social Development, Pauline Tallen, said that women should be celebrated because of their uniqueness.
Tallen expressed gratitude to the chairman, management and staff of Access Bank for putting up the event to celebrate the uniqueness of women.
She also appreciated the Wife of the Ondo State Governor, Mrs Betty Anyanwu-Akeredolu, for her support in women emancipation through her non-governmental organisation.
Also speaking, the First Lady of Ondo, Anyanwu-Akeredolu, decried the number of women elected into the National Assembly.
Anyanwu-Akeredolu said that voter intimidation, suppression and electoral violence would deter women from taking part in the electoral process.
According to her, women should learn to speak out against societal ills and be ready to support one another to become the best in life.
She said that if women find themselves at the corridor of power, they should be able to provide WASH facilities for girls in school, especially to take care of themselves during their monthly flow.
She said that no child should be left behind at home without going to school due to lack of sanitary pads.
She added that with the advancement of technology, pregnant woman should not die while giving birth if the right infrastructure and medical care were provided.
In his address of welcome, the Group Managing Director/ Chief Executive Officer, Access Corporation, Dr Herbert Wigwe, said that the bank was at the forefront of stamping out the discrimination of women in the workplace.
Wigwe said that all hands should be on deck to share the bank’s vision of gender equality and equity.
He expressed gratitude to the chairpersons who had led the bank both in recent past and the current one, adding that the bank experienced tremendous growth under their watch.
Wigwe noted that the theme of equity gives room for all women to thrive above their limitations.
“Equality is society’s destination. Equity will be the root for all of us to get there.
And in such a world, no one is left behind,” Wigwe said
The Group Head of ‘W’ Initiative’s at Access Bank, Mrs Abiodun Olubitan, said that the bank dispensed N40.5 billion worth of loans to women SMEs in 2022.
Olubitan disclosed that the bank had earmarked N100 billion for loans for women SMEs in the current year to enable them boost their businesses.
She said that the theme of the 2023 IWD celebration was apt.
“What we are saying is equality is different from equity .
“So yes, you can give everybody a shoe, both man or woman, but do you give them the shoe that fits them is what equity is talking about.
So, we want to give everybody fairness and equal opportunity to thrive to take advantage of everything available around them, both man and woman,” Olubitan said
Business
Dangote Refinery Boosts Fuel Exports as Gulf Refineries Shut Down

By: Fabian Apechihin
The Dangote Petroleum Refinery has ramped up fuel exports to international markets amid widespread refinery shutdowns in the Middle East, industry sources confirmed.
A senior official at the $20bn Lagos-based plant told The PUNCH that the facility exported significant volumes of petrol (PMS), diesel (AGO), and aviation fuel (Jet A1) to foreign buyers in August, following earlier shipments in June and July.
The surge comes as Saudi Aramco and other regional producers face heavy maintenance schedules, tightening fuel supply. Aramco has already shut down two plants and plans further closures, including its 460,000 b/d Satorp refinery in Jubail for a 60-day turnaround in November–December. Kuwait and India are also scaling back capacity for maintenance and seasonal demand.
According to Argus Media, these shutdowns are pushing Gulf nations to import record volumes of gasoline, with Saudi Arabia and the UAE sharply increasing purchases from Europe and other markets in recent months.
While some reports pointed to operational constraints at Dangote’s 650,000 b/d facility, the company dismissed such claims, insisting production is on track to reach 700,000 b/d by December. Earlier this year, Aliko Dangote announced the refinery had sold two cargoes of jet fuel to Saudi Aramco and recently achieved exports of about 1 million tonnes of petrol between June and July.
“With Gulf refiners offline, Nigeria has now emerged as a net exporter of refined products,” Dangote said.
Analysts suggest the extended refinery outages in the Middle East will further strengthen demand for Dangote’s output, positioning the Nigerian plant as a key supplier in regional fuel markets.
Would you like me to tighten this further into a 5–6 paragraph wire-style news brief, or keep it as a detailed feature-style report with more context on Gulf refinery shutdowns?
Business
US Oil Exports to Nigeria, Others Fall to 3.3m bpd as Local Output Rises

By: Fabian Apechihin
The United States’ crude oil exports to Nigeria and other African countries fell for the fifth consecutive month in July 2025, averaging 3.3 million barrels per day (bpd), the lowest level since March 2022.
The Organisation of Petroleum Exporting Countries (OPEC) disclosed this in its August 2025 Monthly Oil Market Report (MOMR), attributing the decline to weaker flows to Europe and Africa, particularly Nigeria, but without giving further details.
Industry analysts link the slowdown to the ramp-up of local refining capacity, especially the 650,000 bpd Dangote Refinery, which has reduced Nigeria’s reliance on imported crude, including from the US. Vanguard checks also show that crude importation has slowed further in recent months due to improved domestic production.
According to OPEC data, Nigeria’s crude oil output—excluding condensates—rose by 11 per cent year-on-year to 1.559 million bpd in July 2025, up from 1.386 million bpd in the same period of 2024. This marks the country’s highest monthly production level so far this year.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) corroborated the figures, stating that overall output, including condensates, exceeded 1.8 million bpd in July.
Gbenga Komolafe, Chief Executive of the NUPRC, said the milestone was achieved through the agency’s “Project 1 MMBOPD Incremental” initiative, supported by a multi-stakeholder collaborative framework.
“We are glad to report that we crossed the 1.8 million bpd mark on peak production last month, with average production hovering at 1.78 million bpd,” Komolafe stated.
He added that the Commission is working to sustain production growth by optimising the Maximum Efficient Rate (MER) framework, improving produced water management, and aligning operational shutdowns and maintenance schedules to minimise disruptions.
“With these measures and continued collaboration, the presidential mandate on production increase is well within reach,” he said.
Do you want me to make this rewrite more concise for a newspaper front-page brief or keep it detailed like a full energy market report?
Business
NDYPC Hails Otuaro’s Reforms in Presidential Amnesty Programme

• Lauds transparency, fairness in beneficiary selection and grassroots empowerment
• Says reforms align with Tinubu’s Renewed Hope Agenda, restore trust in Niger Delta
The Niger Delta Youths for Positive Change (NDYPC) has commended the Administrator of the Presidential Amnesty Programme (PAP), Dr. Dennis Otuaro, for what it described as bold, people-focused reforms that are restoring trust and delivering tangible benefits to the Niger Delta.
In a statement signed and issued by Comrade Elliott Yibakeni, after the conclusion of leadership training sessions with ex-agitator leaders in Abuja, the group said the PAP, once in urgent need of renewal, is now undergoing a transformation that reflects transparency, fairness, and accountability.
“At a time when public trust in institutions was waning, Dr. Otuaro has emerged as a symbol of credibility and transformation,” the statement read. “His visionary leadership is restoring integrity, empowering communities, and driving a sustainable development agenda that resonates with the aspirations of the Niger Delta.”
According to NDYPC, under Otuaro’s leadership, beneficiary selection has become fair and merit-based, ending years of favoritism and political interference. The group added that access to education, skills training, and empowerment opportunities, both locally and abroad, is now guided by equity and open competition.
The group highlighted several internal reforms, including improved staff welfare, strengthened professional capacity, and strict adherence to best practices in public procurement. These, it said, have made the PAP more efficient, responsive, and transparent.
NDYPC also praised Otuaro’s inclusive governance style, noting his sustained engagement with traditional rulers, women leaders, civil society organizations, and local communities. This approach, the group said, has strengthened peace-building efforts and deepened trust between the PAP and the people it serves.
In line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the PAP has maintained consistent payment of stipends to ex-agitators and extended direct support to vulnerable populations. NDYPC also applauded new healthcare interventions for ex-agitators facing health challenges.
The statement further commended the programme’s investments in scholarships, vocational training, and economic empowerment initiatives aimed at preparing Niger Delta youths for leadership, innovation, and sustainable livelihoods.
“Every decision reflects a deep commitment to public trust, responsible stewardship, and long-term development,” NDYPC stated. “Under Dr. Otuaro’s watch, the Niger Delta is rising stronger, united, and filled with renewed hope.”
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