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Philanthropic Webmark Group Gives Back to Society and Encourages Nigerians to Invest in Land-banking

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An Abuja-based real estate firm, Webmark Group, has given back to society through its customers and subscribers, urging Nigerians to rather invest their money in Land-banking to avoid uncertainty in the value of Naira and other currencies.

Naira, among other currencies around the world, is faced with instability in the recent times.

Speaking in Abuja during its 2023 Customers Appreciation Dinner to mark its end of the year activities, Managing Director of the firm, Olapeace Ogunfile, said investment in Land-banking has proven to be reliable and appreciative over the years.

According to Ogunfile, buying the future now is essential, using the right tools, adding that Webmark estate services was the place to go.

“Bank your money into acquiring lands that will yield better ‘Return On Investment’ (ROI) in the shortest time.

“When we talk about land banking, it means instead of you saving your money in the bank, you put it in land. You invest it by buying a land. Over the time, currencies all over the world, especially in Nigeria has shown not to be reliable, but the only thing that does not depreciate in value is land. So, instead of you keeping certain amount of money that does not generate significant interest why not invest in buying land and see what you will have in return in a space of certain time.

“So, land banking is a great idea I advise people to invest into. We (Webmark group) have land in Nasarawa state, we have land in Lokoja, Kogi State, and so on. Lokoja is the next thing that’s happening in Nigeria, some people might not know what is going on there now but it is a fact that it is a place to have land.”

Aside Land-banking, the Webmark MD said the firm was also into land trading and the firm currently has land in Lugbe and Kuje areas of Abuja, among others

Speaking on the need to give back to the society, chairman of the Webmark Group, Alhaji Manigi Jubril, described the company’s story as one of resilience, determination and creativity, adding that from a little beginning, “Webmark has successfully diversified into capacity-building and foundation giving back to society.

“Our business model is very simple, not complex; it is about seize, it is about efficiency and service delivery. The intention of the Webmark is to carve a niche for ourselves in customer loyalty, in delivery as promised and in keeping to our words. And we want to assure our customers that we are unwavering in keeping these promises.”

Also, in her remarks, the Director of Webmark Empowerment Foundation, Mrs Alukwe Ugochinyere, said the event was organised to celebrate, create awareness about mental health, and appreciate their customers who have invested via the estate services and consults.

Ugochinyere said: “Foundation is the avenue to give back and to empower the communities where they are doing businesses by way of training, empowerment programmes and leadership skills.”

She said some certain criteria were used in selecting those that were awarded in 2023 to give them a boost and to encourage others to do more.

While testifying to the credibility of Webmark group, some of the speakers at the event said they got satisfaction in their dealings with the firm.

Two staff of the National Productivity Centre, Mrs Hauwa Umar and Mr John Egwa, attested to the principles of transparency, accountability, trust, reliability, dependability and straight forwardness of the staff and members of the organization, adding that ever since they started doing business with Webmark, they have never regretted it.

 

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Business

CBN Restores BDC Access to FX Market, Caps Weekly Purchases at $150,000

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By Huldah Shado

The Central Bank of Nigeria (CBN), has approved the participation of licensed Bureau De Change (BDC), operators in the Nigerian Foreign Exchange Market (NFEM), allowing each BDC to purchase up to $150,000 weekly.

The approval was contained in a circular dated February 10, 2026, signed by the Director of the Trade and Exchange Department, Dr. Musa Nakorji, and addressed to authorised dealer banks and the general public.

The CBN said the move is aimed at improving foreign exchange liquidity in the retail segment of the market and meeting the legitimate needs of end users, amid a widening gap between the official and parallel market exchange rates.

Under the new arrangement, licensed BDCs can access foreign exchange from the NFEM through any authorised dealer bank of their choice at the prevailing exchange rate.

The apex bank directed banks to carry out full Know-Your-Customer (KYC), and due diligence checks on BDC clients before selling foreign exchange to them.

It also imposed reporting and transparency requirements, mandating BDCs to submit returns electronically to the CBN.

In addition, the bank prohibited third-party transactions and limited cash settlement to a maximum of 25 per cent of each transaction.

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Abuja Reports

Ultraviolet MFB MD Visits Equity Circle, Eyes Strategic Partnership

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By Samson Adeyanju 

The Managing Director and Chief Executive Officer of Ultraviolet Microfinance Bank, Bayonle Omoyele, has paid a working visit to Equity Circle, one of Abuja’s fast-growing real estate companies, as part of efforts to strengthen strategic partnerships within Nigeria’s real estate sector.

During the visit, Equity Circle’s Co-Founder and Chief Marketing Officer, Fabian George, conducted Omoyele on a tour of the company’s facilities and outlined its growth trajectory.

He disclosed that the firm recorded significant milestones over the past four years, culminating in an ₦8 billion revenue in the 2025 financial year.

Discussions between both parties focused on establishing a strategic credit relationship, with proposed areas of collaboration including invoice discounting, structured credit solutions, and cash-flow management support to help Equity Circle sustain and scale its operations.

Addressing Equity Circle staff during an interactive session, Omoyele emphasised the importance of strong marketing fundamentals, highlighting the 4Ps of marketing-Product, Price, Place, and Promotion, as key drivers of long-term competitiveness and brand leadership.

He also urged the team to adopt a long-term growth mindset, remain focused, and ensure that every unit contributes meaningfully to the organisation’s strategic goals, noting that disciplined execution is critical in Nigeria’s evolving real estate market.

The visit underscores Ultraviolet Microfinance Bank’s commitment to supporting high-growth enterprises through tailored financial solutions and partnerships that promote sustainable economic development.

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Business

Moniepoint Strengthens Africa’s Tech Talent Pipeline with DreamDevs Cohort 2

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By Omoniyi David

Moniepoint Inc has reaffirmed its commitment to building Africa’s technology talent pipeline, announcing the opening of applications for the second cohort of its flagship DreamDevs initiative.

Co-Founder and CTO Felix Ike described DreamDevs as a programme that equips recent graduates with industry-ready skills and hands-on experience to bridge the continent’s tech talent gap.

“The success of our first cohort validated that Africa’s young tech talent can compete globally. This year, we aim to convert half of our participants into full-time employees,” Ike said, adding that the initiative creates sustainable career pathways that drive Africa’s digital economy.

DreamDevs complements Moniepoint’s other talent development programmes, including HatchDev, in collaboration with NITHub, University of Lagos, which trains about 500 specialised developers annually, and the Women-in-Tech programme, now in its fifth year.

The initiative also aligns with the Federal Government’s 3 Million Technical Talent (3MTT), programme, with Moniepoint serving as a key sponsor, offering graduates a specialised pathway from training to employment.

DreamDevs underscores Moniepoint’s broader mission to leverage technology to empower Africa’s youth and advance the continent’s digital economy.

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