NEWS AGENCY OF NIGERIA
Ecobank appoints top executives to drive GTR strategy

Ecobank appoints top executives to drive GTR strategy

421 total views today

 

By Rukayat Adeyemi
Ecobank  Group, a pan-African financial services organisation, has appointed key executives to strengthen its leadership  and effectively drive its Growth, Transformation and Returns (GTR) strategy.
Ms Christiane Bossom, Group Communications Manager of Ecobank  Transnational Incorporated (ETI), made this known  in a notification sent to the Nigerian Exchange Ltd. (NGX) on Thursday in Lagos.
According to Bossom,  Mrs Abena Osei-Poku has joined Ecobank Group as the Regional Executive, Anglophone West Africa and Managing Director of Ecobank Ghana, while Mr Martin Miruka has been appointed  the bank’s Group Executive for Transformation, Enablement and Customer Experience.
Bossom said that Anup Suri had become Ecobank’s Group Executive, Commercial and Consumer Banking, while Mr Michael Larbie had become the Group Executive, Corporate and Investment Banking.
She added that Thierry Mbimi emerged the Group Executive, Internal Audit and Management Services.
Bossom said that the top-level appointments were strategic as Ecobank Group entered its next phase of growth and transformation.
She stated that the financial services organisation aimed to become the bank of choice and a leader in delivering responsive, innovative and affordable financial services and solutions for Africa.
“Ecobank Group has decided to combine the commercial and the consumer businesses, under the leadership of Anup Suri, underscoring its commitment to strengthening these two business units to drive growth.
“In addition, establishment of the new role of transformation, enablement and customer experience underscores the group’s determination to prioritise the necessary leadership for successful execution of its transformation,” Bossom stated.
She quoted Mr Jeremy Awori, Chief Executive Officer of Ecobank Group, as saying that the appointments were crucial to the execution of the bank’s recently-announced five-year GTR strategy.
 “I am delighted that Abena Osei-Poku, Martin Miruka, Anup Suri, Michael Larbi, and Thierry Mbimi are joining our leadership team, each bringing proven, valuable, global and African financial services experience.
“I have no doubt that they will play pivotal roles in driving Ecobank’s future
growth and success,” Bossom quoted Awori as saying.
Ecobank Group a leading private pan-African banking group with presence in 35 sub-Saharan African countries, as well as France, United Kingdom, United Arab Emirates and China.
It has more than 15,000 people in its employment and offers consumer, commercial, corporate and investment banking products, services and solutions across multiple channels. (NAN)(www.nannews.ng)
Edited by Modupe Adeloye/Ijeoma Popoola
Transparency, research, innovation driving NNPC Ltd. transformation — Official

Transparency, research, innovation driving NNPC Ltd. transformation — Official

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By Emmanuella Anokam

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has identified transparency, accountability, research, technology and innovation as key drivers of the ongoing transformation in the company.

Mr Olalekan Ogunleye, Executive Vice-President, Gas, Power and New Energy, NNPC Ltd., said this while speaking during a Panel Session hosted by the NNPC Ltd. at the ongoing 2024 CERAWeek Conference in Houston, U.S.

Ogunleye, whose session addressed the theme: “Africa’s Energy Future: Access, Investment & Sustainability”, said under the current leadership of Mr Mele Kyari, the company had institutionalised the use of modern technology to drive its operations.

Ogunleye, in a statement by Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., said the development had created tremendous value for the company in its quest to compete with its global peers.

“With the coming of the Petroleum Industry Act (PIA 2021), NNPC Ltd. has transformed into an integrated commercial entity, focused on transparency and accountability.

“They are the two core values that are vital towards the Company’s quest to float an Initial Public Offer (IPO) at the stock exchange.

“Over the last five years, the NNPC Ltd. has been pushing the agenda of transparency, accountability and performance excellence. I am glad to say that we are setting very high standards, and this is a journey that we are all committed to going forward,” Soneye quoted Ogunleye as saying.

He further observed that transparency and accountability have a commercial component to them, because they can make any organisation attractive to its partners and potential investors.

According to him, currently, the NNPC Ltd. is working assiduously to become IPO-ready, stressing that once that is done, the IPO will be phenomenal and successful.

Ogunleye, who described the future as exciting for the NNPC Ltd., said as the biggest energy company in Africa with the biggest resources and largest market, the company remained committed to delivering value to its shareholders.

He said gas would continue to be an important resource for Africa because it is the surest tool for economic development and for delivering better living standards for the teeming population on the continent.

He called on all gas players to sustain the advocacy for gas as a major energy source that will be utilised to develop the economic and industrial fortunes of the continent.

“Gas has come to stay. It is going to be part of the energy mix for us in the long term. We shall continue to be at the forefront of accelerating gas development and commercialisation in Nigeria,” he added.

Other energy experts on Ogunleye’s panel included Daniel Berkove, Senior Advisor, S&P Global; Emmanuel Mugagga, Chief Financial Officer, Uganda National Oil Company and Benjamin Acolatse, Deputy Chief Executive Officer (Finance and Administration), Ghana National Petroleum Corporation. (NAN) (www.nannews.ng)

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Edited by Vivian Ihechu

NMGS confers fellowship on 6 professors

NMGS confers fellowship on 6 professors

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By Martha Agas

The Nigeria Mining and Geosciences Society (NMGS) has conferred fellowship on six professors and others in the Geosciences field.

The President of the society, Prof. Akinade Olatunji, said that the conferment was in recognition of their contributions and impact on the field of geosciences.

Speaking at the award and dinner ceremony, Olatunji congratulated the awardees on their feat, stating that the conferment was highly competitive and the highest honour in the society.

“The fellowship is a big deal because 17 applied but only 14 got,“ he said.

He urged the new fellows to continue with their good works in the sector and to serve as an inspiration to their colleagues as well as the younger generations through their dedication and zeal.

The News Agency of Nigeria (NAN) reports that the professors include: Suyi Fadiya of the Obafemi Awolowo University; Philip Shekwolo, Director of Operations, Hydrocarbon Pollution Remediation Project and Saka Opeloye of the Federal University of Technology, Akure;

Others are Ibrahim Goni of the University of Maiduguri; Chukwuemeja Akaolisa of the Federal University of Technology Owerri and a post humous to Akinlolu Abimbola of the University of Ibadan.

The governor of Plateau, Caleb Mutfwang; the Gbong Gwom Jos, Da Jacob Buba and Abdulfatai Gambari, Chief Executive Officer of Kursi investment ltd. were also conferred as honorary fellows.

NAN further reports that other fellows are: Adoyi Ochigbo; Israel Ojeyinka; Mathew Oyedokun; Olufunke Omidiran; Mayowa Lawrence; Kulu Pani; Sabina Agamah and Isaac Okorie.

Speaking on behalf of the fellows, Mayowa Lawrence thanked the society for finding them worthy of honour, assuring that they would continue to serve the NMGS to ensure its advancement to greater heights.

Awards were also presented for the best presentations at the technical sessions, young geoscientists/miners, entrepreneurship and for the best students among others.

The conference with theme “Emerging Global Perspectives, Trends and Sustainable Development of Minerals and Energy resources” will end on Friday. (NAN)(www.nannews.ng)

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Edited by Gabriel Yough

Quacks ‘ll no longer manage information in Nigeria — NIPR

Quacks ‘ll no longer manage information in Nigeria — NIPR

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By Emmanuel Afonne

Dr Ike Neliaku, President, Nigeria Institute of Public Relations (NIPR), says the institute will no longer tolerate situations where quacks manage information in both government and private organisations in the country.

Neliaku announced this on Thursday while briefing newsmen on the preparations for the Spokespersons Summit scheduled to hold at the International Conference Centre (ICC), Abuja, from March 26 to March 27.

He said the summit became necessary to prepare spokespersons of various Ministries, Departments and Agencies (MDAs) as well as the private sector, on the task of rediscovering Nigeria through Public Relations(PR) and none violent communication.

According to Neliaku, quacks cannot be handling information anywhere in the country when the NIPR is working hard to ensure proper information management.

Neliaku said that the theme of the summit “Change Narratives, Change Society”, clearly showed where NIPR was going and what it planned to achieve.

“One of the first thing to learn in managing a brand is the strength and weakness of that brand.

“If you are a spokesperson of a government office or private organisation, you must know what your principal can do.

“If he or she is not such that can manage crisis, don’t send him to a place where fire is burning, otherwise he will become a victim of the fire.”

Neliaku noted that most of the crisis and challenges the country faced was majorly caused by bad PR managers who were either quacks or lacked citizens engagement skills.

“Citizens engagement is a powerful tool in PR and spokespersons who refuse to speak to the public about issues concerning their organisations are either mischievous persons or their chief executive is challenged by public communication.

“It can also be that the spokespersons lack citizens communication or they are quacks.

“So when you have quacks who are parading themselves as spokespersons even when they are not trained, they will give you negative results because they don’t have the knowledge

“There are those who really understand their principals and the first thing they do is not to expose him or her, they first of all shield them for the purpose of grooming them.”

He said that enforcement would commence in earnest after the summit in order to rid the PR profession of quacks.

“The enforcement committee has been given the mandate to ensure advocacy and sensitisation from now till the end of the summit, and from April 1, there will be enforcement and we will begin to ‘bite’ and begin to apply the relevant laws in our Act.

“The spokesperson will learn how to use modern techniques to enable them craft effective and attractive messages, create acceptable contents and manage expectations of their principals, organisations and the society,” he said.

Chairman, Summit Planning Committee, Mr Sule Yau Sule, said the activities of quacks in NIPR contributed in the worsening situation in the country due to violent communications.

“This summit will bring experts of none violent communication and experts in communication management to speak to us.

“If participants deplore the skills they are going to acquire, certainly we are going to have different spokespersons,” Sule said.

Moji Makanjuola, Chairperson, Summit Media Committee, urged journalists to desist from writing things that could set the country on fire.

“Journalists are crisis managers and we have to see ourselves in that toga; say the fact but don’t say it to set the country on fire.

“While reporting the facts, don’t fuel the situation because what works in other climes may not work here.

“Let us strive for a better Nigeria by always balancing our stories,” she said. (NAN)(www.nannews.ng)

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Edited by Chijioke Okoronkwo

Coy seeks collaboration with NiDCOM on diaspora investment

Coy seeks collaboration with NiDCOM on diaspora investment

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By Maureen Okon

Optiva Capital Partners Ltd., a wealth management company has called for collaboration with the Nigerians in Diaspora Commission (NiDCOM) to promote further inflow of diaspora investment to the country.

The company’s Chief Executive Officer, Dr Jane Kimemia made the call on Thursday when she led a delegation on a courtesy visit to NiDCOM Headquarters in Abuja.

Kimemia said the company, specialises in investment immigration, could serve as a platform that would provide the bridge through which diaspora investments would flow to the country using the vast network of international partners it is working with.

The CEO said the company could provide divergent investment solutions across geographical locations and asset classes.

“Our clients are global citizens, which we see Nigeria with her population of over 200 million people who can key into it.

“Also Nigeria has a viable market in various sectors of the economy that can thrive and that is where we come in,’’ she said.

Responding, the Chairman/CEO of NiDCOM, Mrs Abike Dabiri-Erewa, informed the delegation that the commission serves as a link between Nigerians living abroad and the country by way of opening them up to investment opportunities in the country.

Dabiri-Erewa assured the delegation of NiDCOM’s readiness to work closely with the wealth managers to ensure that more and more Nigerians living abroad invest in their home country.

She said the commission is passionate about encouraging the diaspora to invest back in the country as it will go a long way toward contributing to the Gross Domestic Product of the country by generating employment opportunities in many sectors of the economy.

“I am glad and proud that in the past couple of years, we have seen the investment that Nigerians in the diaspora have made back home.

“We have them investing in the healthcare, education, agri-business, real estate, and ICT sectors, among others.

“We also have the Diaspora Investment Summit which comes up every November.

“We have also created a forum for them to come together and see where they can invest in the country.

“We will continue to build that bridge between them and their home country and build trust which I think is very important, ‘’she said. (NAN)(www.nannews.ng)

Edited by Emmanuel Yashim

AMAC names crescent after Gov. Eno of Akwa Ibom

AMAC names crescent after Gov. Eno of Akwa Ibom

345 total views today

 

By Philomina Attah

The Abuja Municipal Area Council (AMAC), on Thursday in Abuja, unveiled a crescent named after Gov. Umo Eno of Akwa Ibom.

The News Agency of Nigeria (NAN) reports that the crescent, located in the Idu industrial area of the Federal Capital Territory (FCT), was named after Eno in recognition of his track record as governor.

The naming of the crescent is seen as a fitting tribute to the governor’s achievements and a testament to his contribution to the advancement of the area.

Speaking during the unveiling of the crescent, the Chairman of AMAC, Christopher Maikalangu, described the governor as a “son of the soil” whose achievements in road construction, agriculture, education, and other sectors have been remarkable.

The AMAC chairman, represented by the council’s Supervisory Councillor on Special Duties, Mr Emmanuel Inyang, praised the governor’s commitment to development and expressed gratitude for his contributions to the progress of the community.

“He has done very well within the shortest time of his tenure in office.

“In terms of road infrastructure, in terms of agriculture, in terms of education, in terms of other activities that he has been able to put in place.

“Arising from your numerous contributions to your fatherland, AMAC has deemed it fit to recognise your contribution and issue a ‘symbol of award of the street name’ in your honour in appreciation of your commitment to developing the country.

“We see this as an opportunity to encourage you to do more for the people of your state.

“We wish you more grace as you discharge your responsibility and give enviable service to your fatherland,” the chairman said.

Akariyere Tommy, the Transitional Chairman of Eket Local Government Area of Akwa Ibom, expressed gratitude to the council for recognising the governor’s contributions to the development of the area.

Tommy emphasised the importance of history and how naming the crescent after the governor would serve as testimony to his achievements.

He applauded the council members and staff for their dedication and support.

In his comments on behalf of the governor, Mr Jeremiah Efeh, the Director of Finance, Akwa Ibom Liaison Officer Abuja, thanked the council for finding the governor worthy of the honour. (NAN)

Edited by Emmanuel Yashim

U.S., Nigeria, others unveil food security strategic country plan

U.S., Nigeria, others unveil food security strategic country plan

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By Mark Longyen

The U.S. government has partnered Nigeria, among others,  to unveil a five-year Global Food Security Strategic Country Plan to boost the country’s agricultural sector and drive agro-economic growth.

Mr David Greene, the U.S. Embassy’s Chargé d’Affaires, while unveiling the strategy on Thursday in Abuja, said it exemplified the U.S. government’s commitment to resolving the pressing issue of food security in Nigeria.

Greene explained that the new strategy was built on previous achievements and lessons learned, and prioritised inclusive participation, value addition, climate adaptation, private sector engagement, as well as job creation.

According to the U.S. envoy, the U.S. government will through the strategy build sustainable food systems, promote innovation, and advance trade to break the vicious cycle of poverty and hunger in Nigeria.

He explained that the Country Plan had adopted a market system approach to achieve three overarching goals, which included increasing the productivity and competitiveness of horticulture, maize, and rice value chains.

The other two goals, he said, included enhancing the capacities of vulnerable households to respond to shocks, as well as improving access to nutritious and high-quality foods.

He said: “This strategy represents one year of intensive consultation and hours of discussion and I am honored to be here to celebrate the hard work and partnership that went into its development.

“At the U.S.-Africa Leaders Summit in December 2022, President Biden reaffirmed the U.S. government’s commitment to realising African food security, a key priority of the Biden-Harris Administration.

“The Global Food Security Strategy, which we are here to launch today, supports President Biden’s commitment to improve food security in Nigeria.”

Greene said that in 2022, the global pandemic, climate crisis, high energy and fertiliser prices, and protracted conflicts, including Russia’s war against Ukraine, exacerbated food insecurity.

He said that, in response, the U.S. and African leaders, whose countries disproportionately bore the brunt of the impact, strengthened ties to refocus and expand public and private sector investments to address the root causes of the food crisis.

“Nigeria is currently experiencing a severe food crisis due to insecurity, inflation, currency devaluation, the increased cost of inputs, trade restrictions, climate change, and post-harvest loss.

“In January 2024, Nigeria recorded an over thirty-five (35) per cent increase in food prices, making it difficult for the 84 million Nigerians living below the poverty line to buy food.

“If we project out into the future, global food demand will double by 2050, and yet at the same time key staple crops are showing a decrease of up to 30 percent,” the envoy said.

Greene noted that, while climate change was causing extreme weather conditions like drought and floods, it was even more challenging for smallholder farmers to increase yields and incomes.

He said that Nigeria was ranked the sixth least prepared globally to confront climate change, stressing that it must focus on adaptation if food security was to be achieved.

“Climate change is leading to ever-more disastrous shocks, and with so many of the harshest impacts falling on poor farmers, how do we break the cycle of lurching from food crisis to food crisis?

“We are working to answer this question by developing innovations to assist the millions of farmers in Nigeria, including the 70 percent of smallholder farmers who still rely on rain-fed agriculture,” the envoy said.

According to Greene, in order to achieve the aims of the partnership, the U.S. government is providing broad assistance across Nigeria to support agriculture development.

He disclosed that the United States Agency for International Development (USAID), invested almost $200 million in agriculture for the last five years to improve food security and build household resilience to shocks in eleven Nigerian states.

He listed the states to include Adamawa, Benue, Borno, Cross-River, Delta, Ebonyi, Gombe, Kaduna, Kebbi, Niger, and Yobe.

The envoy said that the U.S. government also provided modest grants to 33 private-sector companies to leverage over $150 million in private-sector development, and generated $306 million in domestic sales, and created over 23,000 jobs.

He noted that USAID was one of many U.S. government agencies promoting agricultural development in Nigeria, adding that the U.S. Department of Agriculture had inaugurated a $22 million, five-year investment in Nigeria’s cocoa value chain in seven states.

“In February 2023, the U.S. Department of State launched the Vision for Adapted Crops and Soils in partnership with the African Union and the Food and Agriculture Organization.

“The U.S. is advancing the partnership by directing $150 million globally towards USAID and International Fund for Agricultural Development (IFAD) crop and soil activities.

“The United States also supports the AU’s upcoming Africa Fertilizer and Soil Health Summit in Nairobi in May, which will provide an opportunity to collaborate with African governments and institutions on the development of soil action plans.    

“Nigeria is doing fantastic biotech agricultural research and development – they may in fact be the leader in Africa in biotech ag R&D.

“They just became the second country in Africa to approve the commercialization of GE corn (after South Africa) by taking part in an African-wide AATF research effort “TELA Maize”, which was funded by USAID and the Bill and Melinda Gates Foundation,” Greene said.

The U.S. envoy said that Nigeria’s potential to drive agriculture-led economic growth was endless, and the U.S. government and partners were ready to support Nigeria, adding that Nigerians were best placed to solve the issues that affect them.

He, however, said that for ideas to grow and drive economic development, the Nigerian government must create an enabling environment that supports private sector-led growth and entrepreneurship.

“U.S. companies and other U.S. private sector stakeholders are eager to help Nigeria improve agricultural productivity, trade, and food security.

“However, clear and transparent tax and investment rules are needed for meaningful growth.

“Food must be available to buy, and prices must be affordable for all Nigerians.

“The Nigerian government should embrace the adoption of genetically modified crops to boost the productivity and income of smallholder farmers while removing trade restrictions, including food and agricultural import bans.  Competition and free trade fosters creativity and efficiency.

“The choices that we make today and the remainder of this decade and how we tackle these challenges, in my view, will determine the direction the entire world takes in the decades to come,” the U.S. envoy stressed(NAN)(www.nannews.ng)

Edited by Vivian Ihechu

Pinnick, Davido to settle out of court over failed contract

Pinnick, Davido to settle out of court over failed contract

276 total views today

By Edeki Igafe

A Delta High Court sitting in Effurun has granted Brownhill Investment Company and Mr David Adeleke, popularly known as Davido, an out-of-court settlement.

Justice Michael Obi of High Court Three, Effurun, on Thursday commended both parties for the amicable resolution to settle out of court.

“I commend both parties for exploring an amicable resolution to settle out of court,” Obi said.

The News Agency of Nigeria (NAN) reports that Brownhill Investment Company is owned by Mr Amaju Pinnick, former President of the Nigeria Football Federation (NFF).

The company had in Oct. 2023 filed a suit, marked EHC/183/2023, before the court having the afrobeat singer, Davido, and his music label, Davido Music Worldwide Limited, as joint defendants.

NAN recalls that the company had sued the defendants over a breach of contract to perform at the 19th edition of the ‘Warri Again Concert’.

In the suit, the appellant prayed the court to award a sum of N2 billion as general damages against the defendants for failing to honour the contract of the concert.

Pinnick’s company also prayed the court for N150 million as legal and professional fees with an additional N30 million as the filling cost. 

Responding to the court verdict, counsel to the defendants, Mr Oladayo Ogungbe, told NAN after the court’s proceedings that both parties had been able to explore the out-of-court settlement.

“Davido is coming again to Warri on Oct. 4 to perform – that forms part of the settlement.

“It’s fine. It is better than going through the rigours of litigations.

“Both parties consider the option of having the matter settled out of court, which in my opinion as a lawyer, is the best approach to any litigation.

“It is a win-win situation to both parties,” Ogungbe said.

NAN reports that the ‘Warri Again” concert is an annual event organised by Pinnick to celebrate entertainers from the Niger Delta region. (NAN) www.nannews.ng

Edited by Moses Solanke

Jonathan leads West African delegation to observe Senegal presidential poll

Jonathan leads West African delegation to observe Senegal presidential poll

187 total views today
By Shedrack Frank

Former President Goodluck Jonathan has led the West African Elders Forum (WAEF) to Senegal on a mediation mission ahead of the country’s presidential election on Saturday.

This is contained in a statement signed and issued in Yenagoa on Thursday by the Communications Officer of the Goodluck Jonathan Foundation, Mr Wealth Ominabo.

According to the statement, Jonathan, who is also the chairperson of WAEF, with other members of the forum left Abuja for Dakar on Thursday, to be there till Wednesday.

The statement named Dr Mohamed Ibn Chambas, former Special Representative of the Secretary-General and Head of the United Nations Office for West Africa and the Sahel, as a member of the team.

According to the statement, the team will meet with key stakeholders, including outgoing President Macky Sall, opposition leaders, civil societies, security authorities, and the country’s electoral commission.

The statement noted that the Executive Director of the Goodluck Jonathan Foundation and Head of the WAEF Secretariat, Ms Ann Iyonu, said WAEF was a “forum primed for mediation”.

According to Iyonu, the forum expects to perform advisory and conflict resolution roles to ensure election-related conflicts are reduced to the barest minimum in the West Africa sub-region.

She described the forum as a composition of former presidents and statesmen who had volunteered to deploy their enormous leadership experience and wisdom toward promoting peace and progress in the sub-region.

Iyonu, in the statement, said while in Dakar, the forum would observe electoral processes and continue to engage political leaders and other stakeholders until the election was peacefully and successfully concluded.

“WAEF, going by this mandate, had played similar roles during elections in The Gambia, Nigeria, Sierra Leone, and Liberia,” says Iyonu via the statement. (NAN) (www.nannews.ng)

Edited by Benson Iziama and Moses Solanke

Niger govt, firm sign agreement on sugarcane farming

Niger govt, firm sign agreement on sugarcane farming

405 total views today

By Mohammed Baba Busu

Niger Government has secured a partnership with JS Bioenergy Limited to promote sugarcane farming in the state.

The agreement, which was sealed at the Government House Minna on Thursday, had the Chairman, Niger Foods Limited, Mr Sammy Adigun, signing on behalf of the state government while the Commercial Director JS Bioenergy, Mr Sandy Eyal, signed on behalf of the company.

Gov. Mohammed Umaru-Bago described the agreement as another milestone in his agricultural revolution in the state aimed at promoting the national policy on food security.

The agreement will see to the establishment of large-scale sugarcane cultivation, with a focus on ethanol production on 10,000 hectares of land.

The beginning of the project is slated within the next six months and will cover the construction of a sugarcane plantation.

It will also involve a sugar processing facility with distillery and a biomass facility capable of producing industrial ethanol for domestic and international markets.

JS Bioenergy will be the providers of the funds necessary to develop the project.

Both the commercial director of JS Bioenergy Ltd, Eyal, and the Chairman of Niger Foods Limited, Adigun, highlighted the significance of the project to the agricultural drive of the government.(NAN)(www.nannews.ng)

Edited by Idris Abdulrahman

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