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Updated: Meet The Dozie Brothers Who ‘Left’ Diamond Bank to Start Different Banks

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Uzoma Dozie is the most popular of his siblings, but the others in his family have also shown a desire for banking

Like Uzoma, Chijioke and Ngozi are running their banking industry projects operating in the fintech ecosystem

Uzoma went on to launch a digital Microfinance Bank named Sparkle after he left Diamond Bank as its chief executive

They grew up in an environment where banking was all they knew. From seeing their father, Pascal Dozie, pilot the affairs of one of the most visible banks in Nigeria, Uzoma, Chijioke and Ngozi Dozie, the sons of the erstwhile Diamond Bank and MTN Nigeria chairman, now run separate shows in the banking industry.

Pascal Dozie founded Diamond Bank in 1990 to provide financial services to underserved communities and support small and medium-sized enterprises in Nigeria, particularly in the southeast.

Under his visionary leadership, Diamond Bank grew from a modest operation into one of Nigeria’s most respected financial institutions.

As the bank’s CEO until 2006 and later as Chairman, Dozie emphasised innovation, professionalism, and customer service.

His leadership helped Diamond Bank expand both locally and internationally.

In 2019, the bank merged with Access Bank, marking the end of an era but cementing Dozie’s legacy as a pioneer in Nigeria’s modern banking landscape.

Tongues wagged when Access Bank, under the leadership of Uzoma Dozie, took over Diamond Bank, making many believe the Dozies must have sold common patrimony to a stronger competitor.

It is not clear where Chijioke and Ngozi were at the time the landmark decision to hand over their father’s sweat, as many would call it, was made.

However, it was clear that Chijioke and Ngozi were invested in banking, like Uzoma, who was taunted for selling their father’s inheritance.

Maybe they were led by the desire to cut their teeth in Nigeria’s highly competitive banking industry.

The question of whether selling Diamond Bank to Access Bank was the best idea is no longer essential. What’s important is that the three siblings are still very much invested in banking, each making giant strides in their personal space.

Carbon Finance, founded by Chijioke Dozie, is in its 12th year with a promise to transform the banking industry.

Digital banks want to make banking more accessible and flexible for customers.

According to the Guardian, Carbon Finance was initially set up as a lending company with over a million users across Nigeria and operates in two African countries.

It began operations in 2012 as One Credit, a consumer lender. In 2016, the firm became a digital lender through its app, Paylater.

Chijioke Dozie, the co-founder and CEO of Carbon Finance, said the company seeks to focus on its customers’ needs and adapt to market demands.

Ngozi Dozie, also a co-founder, said that the company’s newly launched product gives its customers the flexibility to shop when they want at zero per cent interest rates. In 2019, the bank processed over $240 million in payments.

Uzoma Dozie – Sparkle MFB
Uzoma Dozie has remained in banking after exiting Diamond Bank as Managing Director/Chief Executive Officer. Diamond Bank was sold or merged with Access Bank, depending on which side of the divide you belong to.

Uzoma founded Sparkle Microfinance Bank, operating as a fintech company. In October 2021, his latest invention raised $3.1 million to expand operations.

Uzoma told TechCrunch that they do not see their customers from accounts, payments, deposits or credit angles but from how they can help them do what they want to do at any time.

He said the bank wanted to provide Nigerians with financial, lifestyle and business support services.

The bank launched Sparkle Business in April last year to acquire several underserved users from small and medium businesses.

 

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Dangote Refinery Fixes Petrol Price in New Pricing Template 

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Dangote Refinery Slashes Ex-Depot Price By N40

Dangote Petroleum Refinery has fixed the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, at $0.779 per litre as it officially transitioned to a dollar-denominated pricing system for refined petroleum products.

The new pricing template, which took effect on Monday, July 13, 2026, also pegs Automotive Gas Oil (diesel) at $1.087 per litre and aviation fuel at $0.942 per litre, while coastal deliveries of petrol have been priced at $1,044.62 per metric tonne.

The move effectively ends naira payments for petrol, diesel and aviation fuel purchased from the refinery, marking a significant shift from the naira-based transactions introduced under the Federal Government’s naira-for-crude policy, which commenced on October 1, 2024.

In a notice to petroleum marketers and customers, the refinery said all previously issued naira-denominated Proforma Invoices (PFIs) and Deal Recaps for both gantry and coastal transactions had become invalid.

The notice, signed by the refinery’s Group Commercial Operations, stated: “Following our email of July 9, 2026, regarding the transition from naira to United States dollars (USD), please note that all issued naira coastal and gantry PFIs/Deal Recaps are now invalid, and no payments should be made against them.

“The applicable USD prices for each product, effective today, July 13, 2026, are provided below.”

Under the revised pricing template, petrol sold through the gantry will cost $0.779 per litre, diesel $1.087 per litre, aviation fuel $0.942 per litre, while coastal PMS supplies will sell for $1,044.62 per metric tonne.

The refinery, however, clarified that the transition does not affect Liquefied Petroleum Gas (LPG) transactions.

“Also note that this transition to USD does not apply to LPG transactions,” the notice added.

Industry sources said the change was necessitated by an increasing mismatch between the currency used to purchase crude oil and the currency in which refined products were being sold.

According to one source familiar with the development, Dangote Refinery now receives a significant portion of its crude oil from the Nigerian National Petroleum Company Limited (NNPCL) under dollar-denominated supply arrangements, while a large volume of refined products has continued to be sold domestically in naira.

The source said the imbalance had heightened the refinery’s exposure to foreign exchange risks.

Another industry official explained that the refinery had received fewer crude cargoes under the naira-for-crude arrangement in recent months, making it commercially necessary to align product sales with the currency used for crude procurement.

“Dangote Refinery is receiving fewer naira-denominated crude cargoes from NNPCL than dollar-denominated cargoes, while a larger volume of its petroleum products has been sold in naira.

“The resulting currency mismatch, combined with volatility in international crude oil prices and continued exchange-rate uncertainty, made it necessary to migrate product sales to dollars,” the source said.

The development is expected to have far-reaching implications for petroleum marketers, many of whom source products directly from the refinery for nationwide distribution.

It also raises fresh questions about the future of the Federal Government’s naira-for-crude initiative, which was introduced to strengthen domestic refining, reduce pressure on foreign exchange demand and help stabilise fuel prices.

Although the refinery has fixed a dollar benchmark for product sales, the retail pump price of petrol across the country will continue to depend on several factors, including the prevailing naira-dollar exchange rate, international crude oil prices, transportation and logistics costs, regulatory charges and marketers’ margins.

With Dangote Refinery now accounting for a substantial share of Nigeria’s refined petroleum supply, industry stakeholders are expected to closely monitor how the new pricing regime influences fuel prices and competition in the deregulated downstream petroleum market.

 

Source: Tribune

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Nigeria Strengthens Maritime Leadership as Fadahunsi Emerges Vice Chairman of Eastern Atlantic Hydrographic Commission

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The Hydrographer of the Federation and Chief Executive Officer of the National Hydrographic Agency (NHA), Rear Admiral OO Fadahunsi, has been elected Vice Chairman of the Eastern Atlantic Hydrographic Commission (EAtHC) for the 2026–2028 term, further reinforcing Nigeria’s growing influence in regional and global maritime governance.

Rear Admiral Fadahunsi’s election was confirmed on Friday, 3 July 2026, during the ongoing EAtHC Conference in Abidjan, Côte d’Ivoire, where member states endorsed his emergence to one of the commission’s most strategic leadership positions.

Established on 26 November 1984 under the auspices of the International Hydrographic Organization (IHO), the Eastern Atlantic Hydrographic Commission was founded by France, Nigeria, Portugal and Spain. Over the past four decades, the commission has expanded significantly, comprising 11 member states, 10 associate members and six observers committed to promoting hydrographic excellence across the Eastern Atlantic region.

The commission plays a pivotal role in advancing hydrography, nautical cartography and maritime safety through capacity-building initiatives, the development and implementation of International (INT) Charts and Electronic Navigational Chart (ENC) schemes, improved hydrographic surveys, enhanced charting standards, effective dissemination of nautical information and sustained advocacy on the importance of hydrography to regional maritime development.

Since its inaugural conference in Paris, France, in April 1986, the EAtHC has convened biennially to strengthen collaboration among member states and chart the future of hydrographic development.

In another significant endorsement of Nigeria’s expanding maritime profile, the country has been selected to host the next EAtHC Conference in June 2028. Nigeria will also host the 25th Meeting of the Capacity Building Sub-Committee (CBSC25) and the 19th Meeting of the Inter-Regional Coordination Committee (IRCC19) in June 2027, positioning the country at the centre of major international hydrographic engagements.

Rear Admiral Fadahunsi’s election is widely regarded as a testament to Nigeria’s sustained investment in hydrographic development, maritime safety and regional cooperation. It also reflects growing international confidence in the National Hydrographic Agency’s contributions to safer navigation, marine resource management and the blue economy.

As Nigeria prepares to welcome leading hydrographers, maritime regulators and technical experts from across the world over the next two years, the country is poised to consolidate its reputation as a key driver of hydrographic innovation and maritime security in the Eastern Atlantic region.

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Canada Publishes 2 Official Websites to Find Jobs, Says Over 2,000 Vacancies Are Posted Daily 

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Canada has made it easier for unemployed individuals and foreigners who wish to live and work in the country to find jobs that can help them live comfortably and meet their basic responsibilities.

On the official Canadian government website, two links are provided to websites where job seekers can find available jobs in Canada

According to the Canadian government website, applicants who apply for jobs through these platforms can get hired by different companies, as more than 2,000 jobs are posted every day.

Aside from these two websites, the Canadian government explains that individuals can also use employment agencies to help them find jobs that match their skills.

A job seeker can also ask friends or family members if there are job openings or vacancies, as not all positions are advertised on these websites.

1. Job Bank

The Canadian government explains that thousands of jobs are advertised on this platform every day by organisations and companies. The link to access the website can be found in the detailed post published on the Canadian government website.

2. Jobs GC

Another website where foreigners who wish to work in Canada or Canadian citizens can find government jobs is the Jobs GC website. Federal public service jobs are advertised on the website, alongside several other opportunities that may match an applicant’s skills.

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