As part of its commitment to sustainable finance and taking active steps towards reducing its carbon footprint, FirstBank has joined thePartnership for Carbon Accounting Financials (PCAF) to promote sustainable finance, combat climate change and advance sustainable socioeconomic development for the just transition. PCAF is a collaboration between financial institutions worldwide to enable harmonized assessments and disclosures of greenhouse gas (GHG) emissions from loans and investments. With more than 530 financial institutions from six continents, the group is rapidly expanding in North America, Latin America, Europe, Africa and Asia-Pacific. Joining PCAF aligns with FirstBank’s broader climate agenda, reinforcing its efforts to…
Author: Lilian Azuh
In continuation of its state-wide campaign for environmental cleanliness, the Lagos Waste Management Authority , LAWMA, has taken its motorized advocacy campaign, tagged “ War on Waste” to Dopemu-Iyana Ipaja axis, primarily to inspire attitude change among the residents. It comes on the heels of a similar road show, held along Lekki Toll Gate, Jakande and Ajah area of Eti-Osa Local Government of the state. Speaking at Dopemu Roundabout by Santos Estate, Akowonjo Road, Egbeda, the Managing Director/ CEO of LAWMA, Dr. Muyiwa Gbadegesin, represented by the director of advocacy unit, Mr. Adewumi Adetona, noted that the campaign theme, “War…
In a bold step towards empowering Nigeria’s small and medium enterprises (SMEs), Wema Bank has launched the Wema Export Trade Academy, a groundbreaking initiative designed to enhance the global trade capabilities of local businesses. This forward-thinking program demonstrates Wema Bank’s commitment to empowering Nigerian businesses and supporting their international growth potential. Navigating the complex landscape of export trade involves overcoming regulatory, financial, and logistical hurdles, which can often hinder small businesses from establishing a foothold, the Wema Export Trade Academy is designed as a solution to these challenges faced by Nigerian SMEs when entering international markets. The Academy specifically structured…
Polaris Bank, Nigeria’s leading digital retail commercial bank, again at the weekend proved its digital dominance in the Nigerian banking industry, winning the most-coveted award as the best in digital banking and the entire ecosystem for micro, small and medium enterprises (MSMEs). At the Banks and Other Financial Institutions Awards (BAFI Awards), financial industry’s prestigious awards, Polaris Bank’s trailblazing digital banking platform, VULTe was adjudged the best as “Digital Bank of the Year”, for the fourth consecutive year. Polaris Bank was also awarded “Best Bank for MSMEs of the Year”, for the third consecutive year, underlining the bank’s well-known competitive…
Wema Bank Nigeria (“Wema” or “the Bank”)) has released its unaudited Consolidated Financial Statements for the period ended September 30th 2024, to the Nigeria Exchange Group (NGX). The Bank reported profit before tax of ₦60.62bn, representing an increase of 174% over the ₦22.13bn recorded in the corresponding period in 2023. Wema Bank’s balance sheet remained well structured with total assets growing by 38% to ₦3,084.27 trillion in Q3 2024 from ₦2,240.06trillion in FY 2023. The bank also grew its deposit base year to date by 23% to ₦2,292.30bn from ₦1,860.57bn reported in FY 2023. Loans and Advances grew by 25%…
Adron Homes and Properties, a leading real estate company, reaffirms its dedication to corporate social responsibility (CSR) through its fourth annual Breast Cancer Awareness and Screening Initiative, led by Vice Chairman, Olori Aderonke Emmanuelking. Held at the company’s head office in Omole, Lagos, in partnership with Pink Clinic, the event commemorated World Breast Cancer Month 2024. The program offered free screenings, educational workshops, and preventive health guidance to hundreds of attendees, empowering them to prioritize their health Opening the event, Olori Aderonke Emmanuelking shared a message of solidarity for those affected by breast cancer, highlighting the importance of community support.…
At the healing The video of a man who recovered from mental illness after the Spiritual Director of Zion Prayer Movement Outreach, Lagos, Evangelist Ebuka Obi, prayed for him has been released. In the video, an indigene of Osumenyi, Nnewi, Anambra State, Gerard Egeora, narrated how his brother, Chukwudi, who was standing next to him as he testified, became mad in November last year until the Evangelist prophesied about his case during “Open Heaven” on February 19: “Watch and see, Chukwudi will regain his senses and his family will come to Zion for testimony”, Ebuka declared. Shortly after, he was…
Iranian police At least 10 police officers were killed in a “terrorist attack” in an area of Southeastern Iran long plagued by unrest, local media reported on Saturday. They were killed during an attack on “police vehicles” in Sistan-Baluchistan province’s Taftan county, the Mehr and Tasnim news agencies reported, without saying how it was carried out. No group immediately claimed responsibility for the attack, which occurred some 1,200 kilometres (745 miles) southeast of the capital Tehran. The official IRNA news agency, citing a police statement, reported the death of “10 personnel in two patrol units” in what it called an…
Unilever In recent years, Nigeria has witnessed an increasing trend of multinational and local companies shutting down or relocating their operations due to economic challenges, currency volatility and rising operational costs. The latest company to announce its departure from Nigeria is South African grocery retailer Pick n Pay, which confirmed on Monday that it will exit the market by selling its 51% stake in a joint venture. Its Chief Executive Officer, Sean Summers stated that this decision aligns with the company’s broader restructuring plan outside its home market. Pick n Pay, which initially entered Nigeria through a 2016 partnership with A.G. Leventis…
:L -R: Sofia Horsfall, Andy Odeh, and Anne-Marie Palmer-Ikuku The Nigeria Liquefied Natural Gas (NLNG) has appointed Sofia Horsfall as the new General Manager, External Relations with effect from November 1, 2024.Sophia will take over from Andy Odeh who is retiring after 26 years with NLNG.Briefing Journalists on Tuesday in Lagos, Odeh said Horsfall, who has many years of experience on the job, would bring in fresh ideas as the new external relations manager of the company.In her submission, Horsfall described the new responsibility as a time for introspection to ensure that the relationship, which has been developed with stakeholders…