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Stanbic IBTC Chairman Advocates Adoption Of Clean Energy

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Basil-Omiyi, Stanbic IBTC Chairman.

“At Stanbic IBTC, building environmental resilience is one of our four sustainability pillars. This pillar demonstrates our focus on environmental footprint management.” Omiyi

Olushola Okunlade Writes

Organisations have been urged to migrate to cleaner energy sources for their operations because of the capacity to reduce the impact of emissions on the environment.

This assertion was made by Basil Omiyi, Chairman, Stanbic IBTC PLC, recently. Acknowledging that the economy and society are wholly owned subsidiaries of the environment, he stated that the use of green energy will help keep the environment stable to support economic and social activities.  

He noted that for development in Nigeria to be sustainable, there must be a balance that guarantees that the environment and society are not negatively affected by economic activities now and in the future.  

“Green energy is devoid of carbon emissions (unlike fossil fuel energy sources which harm the environment) and is one of the major contributors to climate change. Corporates can shift to cleaner energy sources for their operations. Financial institutions can help advance this shift by facilitating funding (in line with their risk appetites) which will be necessary to achieve growth in the green energy space”, he said. 

Basil-Omiyi, Stanbic IBTC Chairman.
Basil-Omiyi, Stanbic IBTC Chairman.

The Stanbic IBTC Chairman also revealed that his organisation was committed to creating a greener environment across its operational locations. 

He said: “At Stanbic IBTC, building environmental resilience is one of our four sustainability pillars. This pillar demonstrates our focus on environmental footprint management.”

In this regard, the Stanbic IBTC has continued to implement and expand on programs to reduce its carbon emissions. Some of the ways include reduction of energy consumption in office locations using energy-efficient fittings; adoption of cleaner energy sources across the office locations, as well as the Go-Green programs across some branch locations to reduce energy and paper consumption and improve water efficiency.  

The organisation has also adopted tree planting programs to help with carbon sequestration. Already, over 300 trees have been planted across the country and the number will grow significantly in the near future.  

He added that most developing economies do not possess the capacity to implement green energy due to the technical and financial requirements while, conversely, the developed world is responsible for the bulk of carbon emitted into the atmosphere. 

Basil stated further: “As you saw at COP26 (Conference of Parties 26), the world is attempting to obtain the commitment of Nation States to the Net-zero emission world. The developed world, which is disproportionally responsible, on both gross and per capita basis for the bulk of carbon emission into the atmosphere, is unwilling to drastically cut their energy consumption, as they wish to maintain the standard of living of their people. Therefore, there is a need for a just energy transition strategy that is fair to all and affordable to all.”

“Knowing the urgency in halting climate change, Stanbic IBTC is working with vendors and customers to provide solutions that can help address climate change issues. This is reflected in one of our seven focus SEE Impact Areas – Climate Change and Sustainable Finance – where the Group seeks to provide financial solutions to support climate change mitigation and adaptation measures. We also continue to advance awareness around climate change amongst the general public; leveraging our social media platforms and webinars, for instance, the recently concluded Net Zero Webinar. Similarly, our parent company, the Standard Bank Group hosted a Climate Summit in partnership with the University of London’s School of Oriental and African Studies. We continue to take awareness communication initiatives by sharing practical tips that people can adopt to help address climate change,” he said.

Basil was appointed as the Chairman of the Stanbic IBTC Holdings Board with effect from 15 May 2017. He spent most of his career at Royal Dutch Shell in various roles both in Nigeria and Europe, including Head of Production Technology, Chief Petroleum Engineer, Managing Director of Shell Petroleum Development Company of Nigeria Ltd, and ultimately country Chairman of Shell Nigeria.

He is currently an Independent Non-Executive Director on the Board of Seplat Petroleum Development Company Plc. He has also held a number of Board memberships and senior advisory positions including; Chairman of Greenacres Energy Limited, Chairman of the Nigerian Upstream Industry Group, Board member of the Nigerian Business Group of New Partnership for Africa’s Development (NEPAD), and Nigerian Extractive Industry.

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Alliance For Youth Nigeria Equips Youth Across The Country For Employment

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Alliance For Youth Nigeria Equips Youth Across The Country For Employment

…Alliance for Youth Nigeria is investing in young Nigerians, equipping
them with the right skills, and information to thrive and succeed in the world of work – Uwadoka

Olushola Okunlade Writes 

Alliance for Youth Nigeria equips youth across the country for employment

Over 200 fresh graduates across Nigeria have received employability skills training facilitated by the Alliance for Youth Nigeria. The training comprised Building Winning Resumes, Career Positioning, Personal Brand Marketing, Personal Effectiveness, Time
Management, and Starting the Career Journey among others.

In addition, the best performers will benefit from internship and mentoring opportunities in the six companies that form part of the Alliance. At the end of the training, some participants of the training also had the unique opportunity of partaking in job interviews and placements, progressing on their career journeys.

Alliance For Youth Nigeria Equips Youth Across The Country For Employment
Left-Right: Mrs. Omomene Odike, CEO, U-Connect Human Resources Limited Edidiong Peters, Public Affairs Specialist, Nestlé Nigeria PLC Victoria Uwadoka, Corporate Communications, and Public Affairs Manager, Nestlé Nigeria PLC; Second Row Left-Right: Oyinlola Lawal, Youth Engagement Analyst, Jobberman Nigeria Damilola Odubanjo, Learning, and Development Associate, Jobberman Nigeria Olugbenga Alabi, Category and Marketing Manager, Coffee, Nestlé Nigeria PLC Uche Aso, Head, Learning and Development, U-Connect Human Resources Limited Lanre Coleman, Head, Recruitment and Outsourcing, U-Connect Human Resources Limited.
Alliance For Youth Nigeria Equips Youth Across The Country For Employment

Launched in August 2021, the Alliance is a business-driven movement of organizations passionate about working together to help young people around the country get the necessary skills to thrive in the world of work. Members of the Alliance for Youth Nigeria include Nestlé Nigeria, Jobberman Nigeria, Sterling One Foundation, Big Bottling Company, the United Nations Global Compact Network Nigeria, and U-Connect HR Limited, with Lagos State Employment Trust Fund and Activate Success International as partner organizations.

The member and partner organizations have positioned themselves to invest in joint and individual projects to give young Nigerians meaningful work experience, internships, readiness-for-work training, and mentoring opportunities in line with the United Nations Sustainable Development Goal 8 – to promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all by 2030.

The employability skills training is one of the projects of the Alliance designed to meet the target of reaching more than 250,000 young Nigerians with employability and entrepreneurial skills to enable them to secure gainful employment or set up businesses of their own within 3 years. This objective, which was announced during the launch of the Alliance, is in line with their commitment to work together to address the challenges of youth unemployment in the country with the associated social and economic impact.

Alliance For Youth Nigeria Equips Youth Across The Country For Employment
Tosin Babasanya-Craig, Country Manager, Performance Fact Inc. facilitating one of the Alliance for Youth Nigeria sessions to equip youth across the country for employment.

Speaking at the opening session of the training, Victoria Uwadoka, Corporate Communications, and Public Affairs Manager, Nestlé Nigeria PLC said, “I am delighted that yet again, the Alliance for Youth Nigeria is investing in young Nigerians, equipping
them with the right skills and information to thrive and succeed in the world of work. At Nestlé, we believe that society cannot thrive if we fail to offer a future for the young generations. The Alliance will continue to work together with other stakeholders in line with the United Nations Sustainable Development Goal 8 in fulfilling the huge target we
have committed to and I encourage young people around the country to take advantage of the available opportunities”.

Also speaking at the training, Mrs. Omomene Odike, CEO U-Connect Human Resources Limited, congratulated the youth for their interest and dedication to achieving their career and business goals demonstrated by their participation in the training. She further highlighted the value-adding opportunity of job interviews and placements provided by her organization for participants of the training, urging them to take maximum advantage of the offer.

According to Innih Ikhide, Youth Engagement, and Learning Manager Jobberman Nigeria, “Jobberman is dedicated to creating increased pathways for young people to access dignified livelihoods for a better Nigeria”.

For Naomi Nwokolo, Executive Director, United Nations Global Compact Network Nigeria, “The active engagement of youth in sustainable development efforts is central to achieving sustainable, inclusive, and stable societies by the year 2030, and averting the worst threats and challenges to sustainable development, including the impacts of unemployment. The beneficiaries of the training have shown a willingness to improve their skills and attain professional development and are now more equipped for successful participation in job recruitment processes”.

On behalf of other participants, Adasa Okandiji, commended the member companies for the excellent upskilling platform provided to equip and better position young Nigerians for a productive career, now and in the future. She expressed her readiness and that of other participants, to fully utilize the value-adding information obtained in creating their desired future. She also called on youth across the country to be deliberate about seeking out and taking advantage of existing opportunities, particularly that provided by the Alliance.

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FBNHoldings Wins “Best Performing Stock And Best Stakeholders’ Communications Of The Year” At NIVA Awards 2022

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FBNHoldings Wins "Best Performing Stock And Best Stakeholders’ Communications Of The Year" At NIVA Awards 2022

…FBNHoldings Plc Wins NIVA Awards

Olushola Okunlade Writes

FBNHoldings Plc has won two awards, Best Performing Stock and Best Stakeholders’ Communications of the Year at the 2022 Nigerian Investor Value Awards (“NIVA”) which was held at Lagos Continental Hotel, Lagos last Saturday, May 14th, 2022.

According to the organizers, “Best Performing Stock and Best Stakeholders’ Communications of the Year Award” was conferred on FBN Holdings Plc for proven the resilience of its business model, and recovery capacity across all verticals it participates in, and strategic opportunism in new growth areas.

This award is in recognition of the indelible contributions of FBNHoldings Plc and its subsidiaries to the economic growth of Nigeria, throughout its 128 years of existence; representing all that is enviable about the financial services industry in Nigeria, reinventing itself to transform into a digital bank with sprawling footprints across the country and Africa.

FBNHoldings Wins "Best Performing Stock And Best Stakeholders’ Communications Of The Year" At NIVA Awards 2022
Left-Right: FBNHoldings Plc’s team at the event, Bode Oguntoke, Head, Internal Audit, FBNH, Opeyemi Okojie, Head, Strategy & Corporate Development, FBNH, Wale Ariyibi, Chief Financial Officer, FBNH receiving the award from Jude Chiemeka, Divisional Head, Capital Markets, Nigerian Exchange Limited, Ogho Okiti, MD/CEO BusinessDay Newspaper, and Simisola Salami, Team Lead, Communications & Shareholders Engagement, Investor Relations FBNHoldings Plc at the year 2022 Nigerian Investor Value Awards which held at Lagos Continental Hotel, Kofo Abayomi Street, Lagos last Saturday.

FBN Holdings Plc has been providing exceptional services to its customers, bringing mainstream banking to Nigeria’s 774 LGAs. Through its Agent Banking Platform, they empower people and transform lives. Its shareholders remain key to its success story and every day it strives to deliver quality returns on its investment whilst strengthening the fundamentals of the business through smart investment in technology, our people, and process. As a business, it also prioritizes Nigeria’s Economic, Social, and Governance practices to ensure the sustainability of the environment.”

The company has won many awards for its portfolio.

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Photo News: LIRS Meets FMCG, Gaming, And Multi-Level Marketing Sector On Deduction Of Withholding Tax On Commission

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Photo News: LIRS Meets FMCG, Gaming and Multi-level Marketing Sector on Deduction of Withholding Tax on Commission

Photo News: LIRS Meets FMCG, Gaming, and Multi-level Marketing Sector on Deduction of Withholding Tax on Commission

Olushola Okunlade Writes

Left-Right: Director, New Growth Areas, Mr. Olujimi Aina, Executive Chairman, LIRS, Mr. Ayodele Subair, Managing Director, O. M Associates, Mr. Olufemi Oguntade during a meeting on Deduction of Withholding Tax on Commission with Stakeholders within the FMCG, Gaming and Multi-level Marketing Sector held at Protea Hotel, Alausa, Ikeja on May 12, 2022.

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