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Mbaise USA Elects New President, Honors ABC Transport And Outstanding Supporters At North Carolina Convention

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Mbaise USA Elects New President, Honors ABC Transport And Outstanding Supporters At North Carolina Convention

Mbaise USA Elects New President, Honors ABC Transport And Outstanding Supporters At North Carolina Convention

Mbaise USA Elects New President, Honors ABC Transport And Outstanding Supporters At North Carolina Convention

The Mbaise USA, an association representing the Mbaise community in the United States has successfully elected a new slate of executives to steer its affairs for the next term.

Diaspora Watch reports that the election, conducted on July 14, 2024, saw the emergence of Ezeji Alozie Aguwa as the President, Mazi Bethels Agomuoh as the Vice President, Dr. Uche Bonny-Life Ndu as General Secretary and Paul Nwachukwu as Financial Secretary.

Anthony Olagba, Chief Dr. Kelechi Eke, Chief Jude Izukanma, Honorable Emmanuel Njoku, Chief Paul Uwahemo and Mrs B.B. Oku were elected as Assistant Financial Secretary, Director of Socials, Director of Culture, Deputy Director of Culture, Provost and Treasurer respectively.

Mrs. Nnenna Joy Ugorji CON of Excel Global Media Group elected as Director of WomenAffairs while Mrs. Lindsey Okpomeshi Tihfon elected as Director of Children Affairs and Mrs. Immaculata Opara as Deputy Director of Children Affairs.

Dr Charles Iwejuo, CliffOpara and Edward Ezeh were elected as Board Chairman and Deputy Chairman and Secretary respectively.

In his acceptance speech, President-elect Ezeji Alozie Aguwa expressed profound gratitude for the trust placed in him by the members of Mbaise USA. He vowed to uphold the principles and continue the initiatives established
¡CONTINUED FROM P12 by his predecessor.

“I am deeply honored by the trust and confidence you have placed in me,” Aguwa said. “I assure you all that I will not betray the huge trust of the entire Mbaise people. I am committed to continuing the great legacies laid down by my predecessor and to working tirelessly for the betterment of our community.”

Aguwa emphasized the importance of unity and collective effort in achieving the association’s goals. “Our strength lies in our unity and shared commitment to our cultural heritage and communal welfare. Together, we can achieve remarkable milestones and build a stronger, more cohesive Mbaise USA,” he reiterated.

In another significant development, the Mbaise USA Gala Night was held with great fanfare and was chaired by Mr. Frank Nneji OON, the chairman of ABC Transport. The event marked the culmination of a series of activities
organized by the association.

In his opening remarks, Mr. Nneji thanked the organizers of the convention, led by the outgoing president, Chief SOS Echendu, who also served as the chief host. He expressed gratitude for the unwavering support provided by Mbaise USA to various projects back home and encouraged attendees to continue their support.

Mr. Nneji highlighted the significant contributions made by Mbaise people in the diaspora, noting that records show they have sent approximately 70 to 90 million dollars back home in 2023. This support has been crucial in realizing numerous community goals and development projects.

During the event, ABC Transport was recognized with an award of excellence and appreciation for its outstanding contributions and support to the Mbaise USA projects back home. Another award was presented to a distinguished member of the diaspora, Dr. Jude Onyegbado, for his unwavering support to the organization.

Also awarded were Dr. George Echebelem & Mrs. Stella Echebelem for Achievement Award.

The highlight of the evening was the recognition of Eze Elect Charles and Ugoeze Ann Egbe as the chief launchers of the occasion. Renowned philanthropists both in the Diaspora and in Nigeria, the couple made a significant contribution of $25,000, making them the highest donors at the event.

The newly elected executives are expected to build on the foundation laid by their predecessors, fostering unity and driving development projects both in the United States and back home in Nigeria. The Mbaise USA community looks forward to continued progress and engagement under the new leadership.


Mbaise USA Elects New President, Honors ABC Transport And Outstanding Supporters At North Carolina Convention

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Foreign Investment Outflow from NGX Rises by 250.86% in Q1’25

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Foreign investment outflow from the Nigerian stock market (NGXchange) has risen by 250.86 percent, Quarter-on-Quarter, QoQ, to N420.37 billion in the first Quarter, Q1’25, from N119.81 billion in the corresponding period of 2024, Q1’24.

The Nigerian Exchange Limited, NGX, disclosed this in its foreign portfolio report.

According to the report, foreign investment outflow also exceeded inflow by 20 percent or N20.11 billion in Q1’25. Despite the outflow, foreign investment inflow rose by 275 percent, Year-on-Year, YoY, to N349.97 billion in Q1’25 from N93.37 billion in Q1’24.

The NGX also revealed that N2.23 trillion equity transactions were recorded by both domestic and foreign investors in Q1’25.

The figure surpassed the N1.54 trillion recorded in the same period of 2024, representing an increase of N690 billion or 44.8 percent.

In March 2025, foreign transactions outperformed domestic transactions by circa 26 percent.

According to the NGX, foreign transactions increased significantly by 1,541 percent to N699.89 billion in March 2025 from N42.65 billion in February 2025.

On the other hand, domestic transactions decreased by 10.98 percent Month-on-Month, MoM, to N415.62 billion in March 2025 from N466.82 billion in February 2025.

Domestic inflow and outflow also declined in the reviewed period.

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Liberia Woos Investors at 2025 Investment Conference

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Liberia’s Minister of Commerce and Industry, Magdalene E. Dagoseh, has highlighted the country’s immense investment potential at the 2025 Liberia Investment Conference.

The two-day forum, which brought together investors, policymakers, and business leaders, aimed to explore investment opportunities in Liberia.

Minister Dagoseh emphasized Liberia’s commitment to creating a conducive business environment, citing minimal financial barriers and a welcoming regulatory framework.

“Liberia is a place of authority of opportunity, where transformation can take place at all levels,” she stated.

The conference showcased Liberia’s investment potential in various sectors, including agriculture, mining, infrastructure, and services.

The agriculture sector, for instance, offers opportunities for investment in crop production, livestock farming, and agro-processing.

She remarked that by investing in Liberia, companies can tap into the country’s growing market and contribute to its economic development.

Diaspora Watch reports that Liberia aims to attract foreign investment, stimulate economic growth, and reduce poverty by showcasing its investment potential.

With its strategic location, natural resources, and growing economy, Liberia is an attractive destination for investors.

The 2025 Liberia Investment Conference marked a significant step towards achieving these goals, highlighting Liberia’s investment potential to a global audience.

Liberia’s investment potential is enormous, and the country is committed to creating a conducive business environment to attract investors and drive economic growth.

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$5 Billion African Energy Bank Enters Final Phase

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The Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has announced that preparations for the launch of the $5 billion African Energy Bank (AEB) have entered their final phase.

Lokpobiri made the disclosure after a high-level review meeting in Abuja with President of Afreximbank, Professor Benedict Oramah, and Secretary-General of African Petroleum Producers’ Organisation (APPO), Dr Farouk Ibrahim.

According to Lokpobiri, key legal and governance frameworks have been concluded, while capital mobilisation discussions have recorded encouraging commitments from both member nations and private investors.

The AEB, headquartered in Abuja, seeks to mobilise capital for energy infrastructure projects across Africa.

“The AEB is poised to become a transformative financing platform for energy projects across the continent,” Lokpobiri said.

“This review confirms that every critical milestone is either completed or on schedule, and we remain fully aligned with our continental partners.”

APPO’s Ibrahim commended Nigeria’s dedication to meeting the stringent requirements for bank establishment, while Afreximbank’s Oramah stated that the bank was ready to deploy its structuring expertise and capital base to ensure AEB’s successful launch.

A definitive launch timeline and inaugural board meeting date have been fixed and will be announced shortly.

The AEB has an initial capital target of $5 billion, with plans to scale up to $120 billion subsequently.

In a separate event, Lokpobiri flagged off construction of the permanent site for Bauchi Oil and Gas Academy, Alkaleri (BOGAA), saying the move will contribute to the federal government’s human capacity development plan in the energy sector.

The minister highlighted President Bola Tinubu’s broader agenda to harness the full potential of Nigeria’s energy sector in driving economic prosperity, creating jobs, and enhancing national revenue.

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