Business
Winner Lauds Bank’s Customer Reward Initiative
Diamond Bank Plc has been applauded for developing a reward scheme aimed at showing appreciation to its numerous customers for their unalloyed loyalty to the brand.
Miss Habiba Mona Salisu, winner of the cash prize of N50 million in the second half year Diamond Savings-xtra Draw, stated this while responding to the news of her emergence as the winner of the highest ever prize money won on a single draw in the country.
“Words alone cannot express my profound gratitude to God and Diamond Bank for this fabulous customer reward scheme.
It is something I never expected and the mind boggling amount involved is something I had never dreamt of less owning it,” she said.
According to her, that was the first time she has ever won any draw related competition, attributing her emergence to the “unforeseen hand of God.” “I will not say I am lucky. I will not say I worked hard for it. I will not also say that I deserve it. It is simply the handiwork of God and I am delighted with it,” She said.
Miss Habiba a 23 year old 100 level under graduate of the University of Maiduguri, Bornu State and a customer of Diamond Bank Maiduguri, Shehu Laminu way branch, becomes the second person to win the biggest reward even of N50 million in the Diamond Savings-xtra draw.
According to her, she opened the account with Diamond Bank in April 2009 and expressed her excitement over the Bank’s gesture of giving back to the society through the savings-xtra draw scheme.
“Truly, from this development, I now appreciate in clearer terms the virtues of savings culture the bank is trying to imbibe on Nigerians. If I did not open a savings account, definitely, I would not have been in the race for this N50 million. As it is unbelievable, it is equally unprecedented. But I can tell you from my little conversation with the bank, it is genuine.”
Miss Habiba further stated that many people have been calling and visiting her since the news, broke to know if it is true and her plans for the future adding that even her father, retired civil servant who resides in Kogi state was dumbfounded when she broke the good news to him.
Meanwhile, also in the draw, twenty-six others emerged winners of various prizes, including Mr. Ezealisiji Christian, a customer to Dei-Dei Abuja, Building Materials Market, who won a brand new Toyota Camry car 2009 model. Amazing, all the winners qualified by keeping a minimum balance of N10,000 or more in their savingsxtra account.
One of the world renowned anditors KPMG, who supervised the draw process to ensure that every customer that qualifies entered the draw, affirmed that the draws so far have been well organised, transparent and in line with the laid down criteria governing the exercise. According to Mr. John Anyanwu, a 17 Advisory officer of KPMG to the draw, “over 6 million customers who were eligible to partake in this draw were all part of it and we can assure everybody that all valid e-tickets had an equal chance of emerging as a winner.”
It could be recalled that in January 2009, Mr. James Umaru Mbugadu, a civil servant and Lafia Doma Road Customer of the bank became the first Nigerianto win N50 million at once in a customer reward scheme. Since the presentation of the cheque to him in a well attended ceremony by top government dignitaries, traditional rulers and other stakeholders in Lafia, Nassarawa State, the bank’s savingsxtra account has been swelling up, resulting to greater customer confidence in the brand.
The savingsxtra scheme is Diamond Bank’s strategy of rewarding customers who operate a Diamond savingsxtra Account. Since the inception of the draw in July, 2008, N140 million has been given away to customers from the promised N200 million earmarked for the exercise during the one year.
Business
USTR Criticises Nigeria’s Import Ban On Agriculture, Others
The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.
Business
Expert Seeks Cooperative-Driven Investments In Agriculture
A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.
Business
NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers
The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.
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