Sports
NOVA Bank Sponsors The Nigeria Cup Golf Tournament to Champion Golfing Excellence
NOVA Bank has reaffirmed its commitment to the well-being and interests of high-net-worth individuals by sponsoring the 27th Nigeria Cup Golf Tournament.
Hosted at the prestigious Ikoyi Golf Club 1938, the annual tournament for 2024 took place from September 21st to Saturday, September 28th, 2024.
The Nigeria Cup Golf Tournament, organized by the Ikoyi Golf Community Nigeria Association (IGCNA), showcased the remarkable talent of golfers and the sport’s capacity to foster connections across the board.
NOVA Bank has long valued golf as a recreation sport for business executives to network and relieve stress.
This year, Mr, Tayo Babalakin emerged as the Nigeria Cup 2024 Champion, clinching the title with a stunning 85 gross with Handicap (HCP) 19 = 66 net. This victory etched Tayo Babalakin’s name in the history books as the 27th champion of this celebrated tournament.
As a former merchant bank serving high-net-worth clients, NOVA Bank has long valued golf as a recreation sport for business executives to network and relieve stress.
The Bank’s transition to a national commercial bank has not diminished this commitment but has instead deepened its relationship with the golfing community, as reflected in its ongoing partnership with the Nigeria Cup.
Mr. Phillips Oduoza, Chairman of NOVA Bank and an avid golfer, highlighted the importance of the partnership in a speech presented by Mrs. Esther Adino, on his behalf. “As a long-term partner of the Nigeria Cup and the Ikoyi Club Golf Section, this annual event is always a delight for us at NOVA.
It provides a unique opportunity to engage with our esteemed customers and the broader community while celebrating the beautiful game of golf.
For over four years, NOVA Bank has been a proud supporter of this tournament, a sponsorship that aligns with our dedication to fostering wealth creation and enhancing the well-being of our customers.
Golf plays an essential role in that mission, allowing us to connect with our HNI clients in a meaningful and engaging environment.
We consider ourselves long-term sponsors of this tournament, and we are pleased to deepen our partnership with Ikoyi Golf Club. We look forward to exploring new opportunities for collaboration to elevate this esteemed club further.”
Reiterating NOVA’s involvement, Mrs. Chinwe Iloghalu, Executive Director of Institutional and Commercial Banking at NOVA Bank, added, “Our support of the Nigeria Cup reflects our commitment to offering our high-net-worth clients and C-suite executives an atmosphere of relaxation, well-being, and healthy competition.
As a commercial bank, we continue to develop tailored products for SMEs and retail clients, including our groundbreaking NOVA Phygital mobile banking, which redefines personal banking experiences.
The NOVA Phygital platform is designed to provide seamless financial solutions, ensuring our clients can manage their wealth effortlessly while enjoying the lifestyle they deserve.
We remain dedicated not only to supporting our corporate customers’ businesses but also to helping them stay fit, relaxed, and focused. Golf is the perfect avenue to achieve this balance.”
Mr. George Etomi, Chairman of the 2024 Nigeria Cup Organizing Committee, commended NOVA Bank for their unwavering support.
“NOVA Bank’s consistent sponsorship of the Nigeria Cup truly embodies the spirit of this club—harmony through recreation.
Their partnership exemplifies the harmony and shared vision that has made them an integral part of our journey. We are thankful for NOVA’s dedication and look forward to more opportunities to create lasting impacts together.”
As NOVA Bank continues its growth trajectory, expanding its exceptional services to retail and SME markets, it remains committed to creating meaningful experiences for its high-net-worth clientele, while embracing a broader audience through innovation and customer-centered solutions.
The partnership with the Nigeria Cup Golf Tournament reflects the values that define NOVA Bank— Uniqueness, Leadership, Teamwork, and Passion
Sports
JUST IN: Falconets defeat Ghana in WAFU B opener
Nigeria’s Falconets began their WAFU B Women’s Cup campaign on a winning note, defeating Ghana’s Black Princesses 3–1 in their opening match on Saturday.
Janet Akeremkowei was the standout performer, scoring twice for Nigeria, while Favour Nkwocha added a third goal to seal the victory.
Akeremkowei opened the scoring from the penalty spot in the 40th minute, setting the tone for a dominant display by the Falconets against their West African rivals.
The win places Nigeria in a strong position as they aim to progress from the group stage and contend for the regional title.
Both teams are expected to return to action later in the week as the tournament continues.
Business
Heineken to end UEFA Champions League sponsorship in 2027
Heineken will end its long-running sponsorship of the UEFA Champions League in August 2027, concluding a partnership that began in 1994 with the Amstel brand before transitioning to the flagship Heineken label in 2005.
The company confirmed the decision on 30 October following a strategic review of its global sponsorship portfolio, citing a renewed emphasis on investments tied closely to measurable value creation and return on spend.
The announcement follows news that AB InBev has entered exclusive negotiations with UEFA’s commercial arm, UC3, to become the global official beer partner across all men’s club competitions from 2027 to 2033.
The agreement, if finalised, would cover premier tournaments including the UEFA Champions League, Europa League, and Conference League.
Heineken stated that its exit from the competition aligns with an evolving global marketing strategy, focused on platforms that deliver high engagement and sustained brand impact.
The brewer confirmed continued investment in major global sports properties, including Formula 1, where it holds both title and sustainability partnerships, and Premier Padel, an international racket sport it joined as global beer partner earlier this month.
The company also extended its partnership with the UEFA Women’s Champions League earlier this month, securing rights for the 2025–2030 cycle.
Meanwhile, Heineken faces mounting pressure from investors to accelerate performance improvements. Industry analysts note that despite challenges faced across the global beer sector, the company has lagged behind market leader AB InBev in cost efficiency and volume momentum.
Investors argue that Heineken’s relatively larger brewery footprint and higher fixed costs in certain regions may require deeper operational changes, including potential facility rationalisation.
CEO Dolf van den Brink, who has led the €39 billion group since 2020, has outlined a dual-focus approach to sharpen efficiency and stabilise volume performance.
As part of its strategy presented earlier this year, Heineken committed to achieving up to €500m in annual gross cost savings through 2030, while concentrating growth initiatives on 17 priority markets and five core global brands.
The company aims to deliver mid-single-digit annual revenue growth with operating profit and earnings per share rising at a faster pace.
Van den Brink said he expects the beer market to return to approximately 1% volume growth annually once near-term macroeconomic pressures and geopolitical turbulence ease, with Heineken targeting performance ahead of the global category.
Sports
Nigerians work hard to make things happen – Arsenal’s Madueke
“My values, my family values, have translated into me becoming the footballer that I am today. I am from Nigeria and my parents are Nigerians”.
Arsenal forward Noni Madueke has praised Nigerians, saying they work hard to make things happen.
He also speaks about his values as someone from the West African nation.
Madueke, who originally hails from Nigeria but plays international football for England, made this statement during an interview to celebrate Black History Month.
When asked what that thing is, which makes him proud but people don’t know about, the winger replied that he really values his Nigerian roots.
“My values, my family values, which have translated into me becoming the footballer that I am today. I am from Nigeria and my parents are Nigerians,” the former Chelsea attacker said.
“Nigerians work hard and we make things happen, so that is something I carried with me, not just in my playing career but in my whole life.”
On who inspired these values in him, Madueke said his father has always been someone he looks up to.“Growing up and just watching my dad work super hard, staying focused, being disciplined and motivated, those attributes definitely inspired me,” he said.
The 23-year-old further spoke about the black footballers who made him believe the game of football was for him, revealing that Arsenal legend Thierry Henry is one of them.
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