Tag: Chief Executive Officer

  • World Environment Day: Rite Foods Takes Climate Campaign to Schools

    World Environment Day: Rite Foods Takes Climate Campaign to Schools

    As part of activities marking the 2026 World Environment Day, Rite Foods Limited has reaffirmed its commitment to environmental sustainability and climate action by engaging students in practical environmental education, tree planting, and recycling awareness programs across Lagos and Ogun States.

    The leading food and beverage company brought together students, teachers, and community stakeholders at Opebi Senior Grammar School, Ikeja, Lagos, and Moslem Primary School, Ososa, Ogun State, to promote environmental responsibility, sustainable living, and circular economy practices among young people.

    The initiative featured interactive sustainability sessions with students and teachers focused on proper waste management, recycling, water conservation, and environmental stewardship. Students also participated in tree-planting exercises designed to encourage afforestation, carbon dioxide capturing and instill a lifelong commitment to protecting the environment.

    Speaking during the outreach program tagged ‘Plant the Future’, the Head of Corporate Affairs and Sustainability at Rite Foods Limited, Ekuma Eze, stressed the importance of equipping young people with the knowledge and values needed to address environmental challenges.

    According to him, climate change remains one of the most pressing issues facing the world today, making it imperative for organizations, communities, and individuals to take deliberate actions that safeguard the environment.

    “Environmental sustainability begins with awareness and responsibility. By catching them young and teaching them the importance of protecting the environment, they become ambassadors of positive change within their homes and communities. We must therefore take intentional steps today to ensure we leave a healthier planet for future generations,” he said.

    Eze further highlighted Rite Foods’ broader sustainability agenda, including its recently launched Waste-Is-Naira (W.I.N.) initiative in partnership with RecyclePoints. The program enables residents to exchange used plastic bottles and beverage cans for cash, while promoting responsible waste management and advancing circular economy practices.

    Also speaking at the Ososa event, the Health, Safety and Environment (HSE) Manager at Rite Foods Limited, Timilehin Ajibola, emphasised the strong link between environmental sustainability, community development, and long-term business growth.

    “Our goal is to remain in business for the next century and beyond. Achieving that requires collective responsibility in protecting our environment through simple actions such as conserving water, disposing of waste properly, and planting trees that will benefit future generations. A healthy environment creates healthier communities, supports learning, and contributes to sustainable economic development,” he stated.

    A major highlight of the Lagos engagement was a hands-on recycling and sustainability session facilitated by Kazih Kits Limited, Rite Foods’ sustainability partners. The session exposed students to innovative ways of transforming waste materials into useful products, demonstrating how sustainability can create both environmental and economic value.

    Speaking on the initiative, the Chief Executive Officer of Kazih Kits Limited, Dr. Chinedu Azih, explained that recycling offers practical solutions to environmental challenges while unlocking opportunities for social impact.

    “Many of the materials people discard every day still have economic and social value. Through innovation and recycling, plastic bottles and product wrappers can be transformed into school bags and other useful products that support education, reduce pollution, and contribute to a more sustainable future,” she said.

    Commending the initiative, the Head Teacher of Moslem Primary School, Ososa, Lawal Oladele, described environmental education as vital to raising responsible future citizens.

    “The lessons shared with our pupils today go beyond the classroom. They will take this knowledge home and help promote environmental consciousness among their families and communities. Programmes like this help shape a generation that understands the value of protecting the environment,” he said. He also commended Rite Foods Limited for championing the initiative

    The World Environment Day outreach reflects Rite Foods Limited’s firm commitment to its Corporate Social Responsibility framework covering  Education, Youth Empowerment, Environmental Stewardship, and Community Development (EYEC), while reinforcing the company’s belief that real climate action begins with awareness, education, and collective responsibility.

  • Future of Commerce Summit 2.0: AI and Automation to Redefine Financial Clarity and Business Efficiency

    Future of Commerce Summit 2.0: AI and Automation to Redefine Financial Clarity and Business Efficiency

    Experts in fintech, AI, and digital commerce have highlighted the transformative impact of artificial intelligence on financial clarity, operational efficiency, and business decision-making across sectors. This was discussed during a panel session titled “The Next Frontier: AI & Automation” at Glovo’s Future of Commerce Summit 2.0, held recently at the Landmark Events Centre in Victoria Island, Lagos.

    In his remarks, Chief Executive Officer, Paddy Mark, Afolabi Ayoola, emphasised that AI adoption should focus on addressing real business challenges rather than getting caught up in technology hype, especially in how companies understand and manage financial data. Ayoola pointed out that AI-powered systems are designed to automate financial categorisation by learning specific cash flow patterns, including revenue streams, expenses, payroll and asset tracking, thereby helping businesses transition from manual reconciliation to real-time financial intelligence.

    “We think about AI without looking at the problems the AI is aiming to solve. In business, different types of cash move through your system: sales, expenses, investments, loans, and assets. But many businesses cannot differentiate them. That is one of the key problems AI can solve. You may check your bank balance, your POS system, and your accounting software, yet nothing aligns. Reconciliation can take days or weeks, and by the time you discover an issue, the damage is already done. AI can make this happen quickly,” he said.

    Also speaking, Chief Executive Officer, Tyms, Ibrahim Adepoju, explained how AI is already enhancing customer engagement, inventory management, and operational efficiency for small and medium-sized businesses (SMBs), particularly through messaging platforms such as WhatsApp and Instagram, where most business transactions now occur.

    Adepoju noted that the future of commerce will depend on businesses’ ability to integrate real-time data systems, automate repetitive tasks, and adopt scalable AI tools that improve profitability and the customer experience.

    “The primary way customers engage businesses is through messaging, particularly on WhatsApp and Instagram. And often, businesses capitalise on this demand. So, essentially, we wanted to create a system that allows businesses to operate at maximum efficiency without compromising the quality of their customer service. completely simplified the operations from order taking, customer service, to inventory management, to data analysis,” he added.

  • Multichoice Rolls Out Special DStv, GOtv World Cup Offers

    Multichoice Rolls Out Special DStv, GOtv World Cup Offers

    MultiChoice, a CANAL+ company, has introduced special World Cup bundle offers on DStv and GOtv to give more Nigerians access to football’s biggest event.

    From Monday, 1 June 2026, new DStv customers can purchase an HD decoder, dish kit and one-month DStv Yanga subscription for ₦15,000, while new GOtv customers can get a GOtv decoder, antenna and one-month GOtv Jolli subscription for ₦15,000.

    The offer comes as anticipation builds for the 2026 FIFA World Cup, which will be hosted by the United States, Mexico and Canada. The tournament, the biggest in FIFA World Cup history, will feature 48 national teams, including 10 African nations, competing across 104 matches over 39 days.

    Commenting on the offer, Chief Executive Officer of MultiChoice Nigeria, Kemi Omotosho, said the company is focused on making the FIFA World Cup experience more accessible to football fans across the country.

    “The FIFA World Cup is more than just a tournament – it’s a shared global moment. Our goal is to ensure that fans in Nigeria can experience every goal, every story, and every unforgettable moment as they happen. Through our special World Cup bundle offers, we are making it more affordable for customers to get connected ahead of the tournament,” she stated.

    As Africa’s home of football, SuperSport on DStv will deliver comprehensive, round-the-clock coverage of the tournament. Viewers will enjoy live broadcasts of all 104 FIFA World Cup matches, four dedicated 24-hour World Cup channels and a bonus pop-up channel showcasing the best moments in World Cup history. To make navigation easier, selected SuperSport channels will be renamed for the duration of the tournament, ensuring customers can easily find and follow the action.

    Beyond the live matches, viewers will enjoy a rich slate of FIFA World Cup programming, including match highlights, expert analysis, exclusive tournament magazine shows, African football stories and behind-the-scenes content. 

    The World Cup coverage on SuperSport will also feature multiple language commentary options, including pidgin delivered through a distinct Pan-African lens, featuring top local commentators.

    Customers will also have the flexibility to watch the tournament their way through Live TV, Catch Up, replays and on DStv Stream, ensuring they never miss a moment of the action, whether at home or on the move.

    The promotional offer is available for a limited period, giving football fans an affordable way to get connected ahead of the world’s biggest football spectacle.

  • Promasidor Nigeria Deepens Community Commitment with Borehole Donation to Isolo Community

    Promasidor Nigeria Deepens Community Commitment with Borehole Donation to Isolo Community

    As part of its ongoing commitment to sustainable community development, Promasidor Nigeria has donated a water tower and borehole system to the palace of the Osolo of Isolo Kingdom in Lagos, further strengthening its relationship with the host community where the company operates.

    The project, executed under the company’s Corporate Social Responsibility (CSR) initiatives, was officially commissioned on Thursday, 21 May 2026, by the Chief Executive Officer of Promasidor Nigeria, François Gillet, at the palace of His Royal Majesty, Oba Isa Abiodun Faronbi-Shekoni, the Osolo of Isolo Kingdom.

    The commissioning ceremony was attended by the monarch and his wife, Olori Tawakalitu Abike Faronbi-Shekoni, members of the royal cabinet, and senior executives of Promasidor Nigeria.

    Speaking during the event, Gillet noted that thriving businesses are built on thriving communities, stressing that the borehole project reflects Promasidor Nigeria’s dedication to improving lives and supporting sustainable development within its host communities.

    He explained that access to clean, safe water remains essential to public health, human dignity, and economic growth, adding that the initiative aligns with United Nations Sustainable Development Goal 6, which aims to ensure clean water and sanitation for all.

    “At Promasidor Nigeria, our responsibility extends beyond business operations. We believe in building meaningful and lasting relationships with our host communities through mutual respect, trust, and shared progress. This project is another reflection of that commitment and our enduring partnership with the people of Isolo,” he said.

    Gillet also expressed appreciation to the palace and residents of Isolo for their continued support and cooperation over the years.

    “We sincerely value the warmth and goodwill we have received from the Isolo community and look forward to sustaining this cordial relationship for many years to come,” he added.

    In his remarks, Oba Faronbi commended Promasidor Nigeria for what he described as a thoughtful and impactful intervention that would improve access to clean water within the palace and the surrounding community.

    “We appreciate this laudable gesture from Promasidor Nigeria. This donation will go a long way in serving the needs of the palace and the community. We pray for continued growth and success for the company and its wide range of quality products,” the monarch stated.

    For years, Promasidor Nigeria has remained committed to nourishing Nigerians through affordable, quality food products accessible to millions of households across the country. Beyond nutrition, the company continues to contribute meaningfully to Nigeria’s economy through investments, job creation, and impactful community initiatives that demonstrate its appreciation for its host communities.

  • MultiChoice Nigeria Strengthens Dealer Partnerships at Engagement Forum

    MultiChoice Nigeria Strengthens Dealer Partnerships at Engagement Forum

    MultiChoice Nigeria, a CANAL+ company has reaffirmed its commitment to strengthening collaboration with its dealer network at the MultiChoice Dealer Enterprise 2.0 forum held on Monday in Lagos. 

    The forum brought together the company’s mega dealers across Nigeria to discuss evolving market realities, customer expectations and new initiatives designed to support long-term business growth.

    In her opening remarks, the Chief Executive Officer of MultiChoice Nigeria, Kemi Omotosho, described dealers as critical partners in the company’s growth journey and customer experience delivery.

    “Our dealers remain the bridge between our business and millions of customers across the country. As the market evolves, it is important that our partnership model also evolves to ensure sustainable growth and shared value across the ecosystem,” she said.

    The company unveiled enhancements to its dealer engagement across its DStv and GOtv businesses, reinforcing its commitment to supporting dealer profitability, operational growth and long-term sustainability.

    Speaking on the initiatives, Chimaobi Eluigwe, Vice President, Sales, MultiChoice Nigeria, said the move reflects MultiChoice Nigeria’s intention to build a stronger and more rewarding partnership while positioning the dealer network for future growth.

    “We are intentional about creating opportunities that allow our dealers to grow sustainably with the business. This is about strengthening partnerships, improving value creation and ensuring our dealers remain well-positioned for the future,” he said.

    Dealers at the forum welcomed the initiatives, describing them as a positive step toward strengthening collaboration and improving business confidence.

    According to Cordelia Ikeanyi, Managing Director at Eastland General Resources, the renewed engagement and enhanced benefits structure demonstrate MultiChoice Nigeria’s commitment to recognising the value dealers bring to the business.

    “This is a step in the right direction for dealers. The improved communication and engagement from MultiChoice have made partners feel more valued and included, and the new initiatives will support business expansion and help us explore untapped opportunities,” she said.

    Also speaking at the forum, Ifeanyi Onyibo, CEO of Radac Communications Limited, noted that dealers have experienced more engagement and clearer communication in recent months, describing the renewed approach as a positive development for the dealer ecosystem.

    “There has been a noticeable improvement in communication and engagement, and initiatives like this give partners greater confidence in the direction of the business,” he said.

    The forum also featured a feedback session where dealers shared market insights, customer trends, and recommendations aimed at improving service delivery and strengthening customer experience across the country.

    Awards were presented to top-performing dealers in recognition of their sales performance, customer service excellence and commitment to growing the MultiChoice business nationwide. 

    With the Dealer Enterprise 2.0, MultiChoice Nigeria reaffirmed its commitment to working closely with dealers to strengthen partnerships, improve collaboration and drive shared growth across the country. 

  • Dangote Refinery Ends Nigeria’s Era of Fuel Import Dependence, Boosts GDP, FX Earnings — EIU

    Dangote Refinery Ends Nigeria’s Era of Fuel Import Dependence, Boosts GDP, FX Earnings — EIU

    The operational ramp up of the 650,000 barrels per day Dangote Petroleum Refinery & Petrochemicals is fundamentally reshaping Nigeria’s downstream oil sector, significantly reducing the country’s dependence on imported refined petroleum products and strengthening its external position, according to the Economist Intelligence Unit (EIU).

    In its latest assessment on Nigeria’s fuel market and regulatory environment, the EIU said the refinery has already transformed a sector that was previously characterised by heavy reliance on imported fuel despite Nigeria being Africa’s largest crude oil producer. The report noted that the refinery met nearly 80 per cent of domestic petrol demand in April and produced enough volumes to satisfy local consumption requirements as operations approached full capacity.

    The EIU described Nigeria’s downstream petroleum sector before the refinery as “long dysfunctional”, noting that the country had remained almost entirely dependent on costly imported fuel while producing nearly 1.5 million barrels of crude oil daily.

    According to the report, the emergence of the refinery has reduced import dependence, improved domestic fuel availability and strengthened Nigeria’s balance of payments position through lower import demand and rising exports of refined petroleum products.

    “The gradual ramp up of the 650,000 barrel/day Dangote refinery since May 2023 has transformed Nigeria’s long dysfunctional downstream sector,” the report stated. “The country’s main refineries, all state owned, had been inoperative for years and Nigeria was almost entirely reliant on costly imported fuel.”

    The research and analysis division of The Economist Group, London added that the refinery’s attainment of full operational capacity and its planned expansion would further support Nigeria’s economic growth and foreign exchange earnings over the medium term.

    “Meanwhile, the attainment of full capacity at, and an increase in exports from, the Dangote refinery will support real GDP growth and foreign exchange earnings in 2026 and 2027 and beyond, as a planned doubling of the plant’s output comes on stream around the end of the decade,” it added.

    Industry analysts said the refinery is increasingly positioning Nigeria as an emerging refining and export hub, altering energy trade flows across Africa and reducing the vulnerability associated with fuel import dependence.

    The EIU noted that the refinery’s expansion has coincided with major reforms in Nigeria’s downstream sector, including the removal of fuel subsidies and the introduction of market driven pricing mechanisms.

    The report, however, said the transition from a state dominated fuel import structure to large scale domestic refining has triggered resistance from interests linked to the old import regime.

    The latest tensions emerged following the decision by the Nigerian Midstream and Downstream Petroleum Regulatory Authority to relax restrictions on petrol imports despite the refinery’s growing capacity to meet domestic demand.

    Dangote Industries subsequently initiated legal action, arguing that continued import approvals undermine domestic refining investments and conflict with the objectives of the Petroleum Industry Act, which seeks to encourage local refining capacity and reduce import dependence.

    Analysts noted that the availability of large-scale domestic refining capacity has improved Nigeria’s energy security and reduced exposure to external supply shocks and foreign exchange volatility.

    The Centre for the Promotion of Private Enterprise also cautioned against unrestrained importation of petroleum products, warning that such a policy could weaken Nigeria’s industrialisation drive and discourage investments in domestic refining.

    Chief Executive Officer of CPPE, Muda Yusuf, said continued dependence on imported fuel had historically contributed to pressure on foreign reserves, exchange rate instability and fiscal leakages.

    The refinery’s growing impact is also being reflected in Nigeria’s broader macroeconomic indicators. Earlier this month, S&P Global Ratings cited increased domestic refining capacity and rising hydrocarbon exports among the major factors supporting Nigeria’s sovereign credit rating upgrade – the first in 14 years.

    Beyond Nigeria, analysts said the refinery is increasingly being viewed as a strategic industrial asset for Africa, where many countries remain heavily dependent on imported fuel despite rising demand for transportation, manufacturing, and power generation.

  • Carnival Calabar Announces 31st of May for Theme Unveiling Event in Lagos

    Carnival Calabar Announces 31st of May for Theme Unveiling Event in Lagos

    The Carnival Calabar Commission has announced that the annual theme-unveiling event for this year’s edition of Carnival Calabar will be held on the 31st of May at the Eko Hotel Convention Centre, Victoria Island, Lagos.

    The theme unveiling is an annual event by the Cross River State Carnival Commission to announce the theme for the year’s Carnival. The theme guides the Bands in their choreography and the presentation of the whole Carnival.

    The unveiling events allow the state to engage with stakeholders, sponsors, and the diplomatic community as part of preparations for the Annual Carnival.

    For this year’s unveiling event, His Excellency Ambassador Gautier Mignot of the European Union is expected to be the Special Guest of Honour, and His Excellency Ambassador Paulo Santos of Portugal will be the Guest of Honour.

    As part of the activities leading up to the unveiling event, the Chairman of Carnival Calabar, Dr Gabe Onah, paid a strategic visit to Multichoice Nigeria Canal + Company. He was accompanied by the Lead Marketing Consultant of Carnival Calabar, Mrs Mary Ephraim Egbas.

    The delegation was received by the Chief Executive Officer, Multichoice Nigeria Canal + Company, Ms Kemi Okunola, and the Executive Director, General Entertainment, Multichoice Nigeria, Dr Busola Tejumola.

    The delegation briefed Multichoice on plans for digital transformation and streaming to a global audience for this year’s event, as well as the official unveiling of the theme for the 21st Carnival Calabar and Festival, scheduled to hold on Sunday, 31st May at Eko Hotel in Lagos.

    Carnival Calabar is the biggest Street Dance Parade in Africa, held every December in Cross River State. It is one of the biggest tourism events in West Africa, drawing millions of visitors to Cross River every year.

  • First HoldCo Group Companies’ Boards and Management teams visit Dangote Refinery

    First HoldCo Group Companies’ Boards and Management teams visit Dangote Refinery

    …All Nigerians will have access to the Refinery’s IPO and be part-owners-Dangote

    Chairman of FirstHoldCo, Femi Otedola, has appealed to the President of Dangote Group, Aliko Dangote, to allocate $100 million worth of shares to him in the proposed listing of Dangote Petroleum Refinery & Petrochemicals. He disclosed that he divested his stake in Geregu Power Plc specifically to position himself for investment in the refinery’s initial public offering (IPO), which he described as a transformative industrial platform helping to free Africa from decades of reliance on imported petroleum products.

    Otedola made these remarks during a visit by the FirstHoldCo leadership team to the 650,000 barrels-per-day refinery and Dangote Fertiliser Limited in Ibeju Lekki, Lagos, where he commended Dangote for building the world’s largest single-train refinery and accelerating Africa’s industrial transformation.

    “He is a genius and one of the greatest men to emerge from Africa. What he has achieved is helping to liberate the continent from economic dependency and import reliance,” Otedola said. “I have visited this refinery more than 25 times, and I have consistently appealed for $100 million worth of shares during the private placement. That informed my decision to sell my stake in Geregu so I can reinvest in the Dangote Petroleum Refinery.”

    Otedola also expressed strong confidence in the Group’s planned expansion of refining capacity to 1.4 million barrels per day, noting that Africa’s growing demand for refined petroleum products clearly supports further investment in domestic refining infrastructure.

    In his remarks, President of Dangote Group, Aliko Dangote, assured that the refinery’s IPO would be broadly inclusive, enabling ordinary Nigerians to become part-owners and benefit from its value creation. He emphasised that the Group is committed to democratising access to investment opportunities by opening participation to retail investors across Nigeria and the African continent.

    “We want ordinary Africans to participate in the value being created,” Dangote said. “What companies like Amazon and Apple achieved globally in terms of wealth creation is what we seek to replicate in Africa. We want people to invest, grow with us, and share in the prosperity.”

    Dangote further disclosed plans for a proposed East Africa refinery with a projected capacity of 700,000 barrels per day, alongside polypropylene and base oil production facilities. According to him, the project could commence within the next three to four years once construction begins. He noted that the initiative was not originally captured in the Group’s Vision 2030 strategy, underscoring the company’s trajectory toward exceeding its long-term growth targets.

    Chief Executive Officer of FirstBank Group, Olusegun Alebiosu, described the refinery as a symbol of vision, courage, and industrial ambition capable of inspiring similar investments across Africa.

    “If you see this refinery and realise that an individual conceived and delivered a project of this magnitude, already helping to stabilise energy supply across Africa, you cannot help but be inspired,” Alebiosu said. “We have delegates here from the United Kingdom and several African countries who will return home with renewed commitment to building industries that can transform their economies. It is about building Africa together.”

    Dangote also highlighted the Group’s sustained leadership across its core businesses over the past five years, including cement operations in 11 African countries, alongside significant investments in refining, petrochemicals, and fertiliser production. He noted that cement capacity has expanded to 55 million tonnes per annum, supported by the development of clinker export terminals to strengthen regional trade.

    “We have built businesses that address Africa’s critical needs and create long-term value for the continent,” Dangote said. “Africa must stop exporting raw materials and importing finished goods. That amounts to exporting jobs and importing poverty.”

    He added that investor appetite for the refinery’s listing on the Nigerian Exchange has remained exceptionally strong, with demand for the private placement already exceeding $2 billion.

    “There is significant interest in both the IPO and the private placement,” he said. “While we are not able to meet all requests, the strong demand reflects investors’ confidence in the refinery and in Africa’s industrial future.”

  • Promasidor Nigeria and Cowbell Earn Triple Industry Recognition

    Promasidor Nigeria and Cowbell Earn Triple Industry Recognition

    Promasidor Nigeria, a leading player in Nigeria’s fast-moving consumer goods (FMCG) industry, has recorded another significant milestone with three major industry recognitions that further reinforce its leadership in the dairy and consumer goods sector.

    At the Industry Awards, Promasidor Nigeria was named “Outstanding Dairy Company of the Year,” while its flagship brand, Cowbell, won “Dairy Brand of the Year.” The company also received a Corporate Social Responsibility Award at the Advertisers Association of Nigeria (ADVAN) Awards for Marketing Excellence in recognition of its impactful community initiatives.

    The Industry Awards are regarded as one of the platforms dedicated to recognising excellence, innovation, and outstanding contributions across key sectors of the Nigerian economy.

    The recognitions highlight Promasidor Nigeria’s continued commitment to quality, strong consumer connection, and real social impact.

    Speaking on the achievement, the Chief Executive Officer of Promasidor Nigeria, François Gillet, described the awards as a reflection of the company’s enduring promise to Nigerian consumers.

    “These recognitions reflect the trust Nigerians continue to place in our brands and our dedicated commitment to delivering quality products that support everyday nutrition and wellbeing. We are also honoured to see our efforts towards community development and youth empowerment acknowledged,” he said.

    Cowbell remains one of Nigeria’s most trusted dairy brands, widely recognised for its nutritional value, affordability, and accessibility. Alongside other brands in Promasidor Nigeria’s portfolio including Loya Milk, Onga, Top Tea, Kremela, Twisco, Miksi, the company continues to provide nourishing products that support healthy lifestyles for millions of Nigerians.

    Beyond its products, Promasidor Nigeria has sustained several initiatives focused on education, nutrition, and youth development. Through its Ikun Milk Day programme, the company provides schoolchildren with fresh milk sourced from its Ikun Dairy Farm, helping improve nutrition and learning outcomes.

    For nearly a decade, Promasidor has also empowered secondary school students across the country through its flagship career guidance initiative, Harness Your Dream, targeted at junior secondary schools.

    This commitment builds on more than two decades of educational support through the Cowbellpedia TV Quiz Show, now rebranded as Mega Minds, a broader STEM-focused platform covering Science, Technology, Engineering, and Mathematics. The initiative offers prizes worth over ₦100 million, including cash rewards, laptops, learning tools, and product gifts aimed at encouraging academic excellence among Nigerian students.

  • Norwegian Sovereign Wealth Fund Eyes Partnership with Dangote Group on Africa Investments

    Norwegian Sovereign Wealth Fund Eyes Partnership with Dangote Group on Africa Investments

    The President/Chief Executive of Dangote Group, Aliko Dangote has held a high-level meeting with Nicolai Tangen, the Chief Executive Officer of Norges Bank Investment Management, the world’s largest sovereign wealth fund manager, overseeing assets valued at approximately $1.9 trillion.

    At the meeting, the Norwegian investment institution expressed strong interest in partnering with Dangote Group to expand its footprint across the African continent, with a focus on strategic sectors including power, energy, renewables, agriculture, fertiliser and cement.

    Also present at the meeting were Svein Tore Holsether, Chief Executive Officer of Yara International, one of the world’s leading fertiliser and agricultural companies, and Terje Pilskog, Chief Executive Officer of Scatec, a global renewable energy company.

    The engagement shows growing global investor confidence in Africa’s industrial and infrastructure potential, as well as the increasing role of indigenous conglomerates such as Dangote Group in driving large-scale economic transformation.

    For Dangote Group, the potential partnership represents a significant opportunity to deepen its investments across key sectors critical to Africa’s development, particularly in energy transition, food security and industrial capacity expansion.

    The Norwegian sovereign wealth fund, widely regarded as a benchmark for global institutional investment, has in recent years shown increased interest in emerging markets, with Africa seen as a frontier for long-term value creation.

    The collaboration between the fund and Dangote Group could unlock substantial capital flows into critical infrastructure and industrial projects, further accelerating economic growth and regional integration across the continent.

  • CPPE Calls for Shift from Wage-Centric Approach to Holistic Labour Welfare Framework in Nigeria

    CPPE Calls for Shift from Wage-Centric Approach to Holistic Labour Welfare Framework in Nigeria

    The Centre for the Promotion of Private Enterprise (CPPE) has called for a fundamental shift in Nigeria’s labour welfare strategy, urging policymakers, labour unions, and employers to move beyond a narrow focus on wage increases and adopt a more comprehensive approach that addresses the broader cost-of-living challenges facing workers.

    In a policy statement signefd by the Chief Executive Officer of CPPE, Dr Muda Yusuf, noted that while wage adjustments remain necessary, particularly in the face of rising inflation and mounting economic pressures, they are insufficient as a standalone solution. The organisation emphasized that in Nigeria’s current economic environment, characterized by persistent inflation, high energy costs, and structural inefficiencies, nominal wage increases are often quickly eroded, leaving workers with little real improvement in their living standards.

    According to CPPE, the priority of labour welfare policy should be the protection of real incomes rather than nominal wage growth alone. The organisation highlighted that rising costs of food, transportation, housing, and energy continue to place a significant strain on households, particularly low- and middle-income earners. As such, labour advocacy must expand its focus to include structural interventions that directly reduce the cost of living and improve access to essential services.

    The organisation identified several critical non-wage priorities that require urgent attention. These include improving healthcare access through expanded insurance coverage, strengthening pension systems to ensure retirement security, addressing job insecurity driven by casualisation, and reducing the burden of energy costs through improved power supply and efficiency. CPPE also stressed the need for investment in affordable mass transit systems to lower commuting costs, as well as expanded housing initiatives to address rising urban rents.

    In addition, CPPE underscored the importance of skills development and capacity building as a pathway to long-term income growth and productivity. It also called for stronger social protection systems, including unemployment insurance and targeted safety nets, to support workers during periods of economic vulnerability. The organisation further advocated tax reforms to increase disposable income for low- and middle-income earners, noting that workers’ welfare ultimately depends on what they take home after taxes.

    CPPE also recommended the institutionalisation of more predictable and transparent wage adjustment mechanisms, such as inflation-linked wage systems and cost-of-living adjustments, to ensure that workers’ earnings remain aligned with economic realities.

    The organisation urged the government to strengthen public service delivery in key sectors—including healthcare, education, transportation, and power—as a means of reducing household expenditure burdens and improving overall welfare outcomes. It also called for policies that boost productivity in agriculture, energy, and logistics, alongside stronger enforcement of labour regulations, pension compliance, and workplace standards.

    Concluding, CPPE stated that Nigeria’s current economic realities demand a more strategic and sustainable approach to labour welfare. While wage increases remain important, they must be complemented by broader reforms that address structural challenges, reduce living costs, and enhance economic resilience.

    “A holistic welfare framework anchored on structural reforms, improved public services, and stronger institutions is essential to delivering meaningful and lasting improvements in the quality of life of Nigerian workers,” the statement added.

  • FRSC & BSG Renew Pact To Tackle Drink-Driving

    FRSC & BSG Renew Pact To Tackle Drink-Driving

    The Federal Road Safety Corps (FRSC) has renewed a strategic partnership with major brewing companies in Nigeria to intensify efforts against drunk-driving and improve road safety nationwide.

    The renewed Memorandum of Understanding (MoU), signed with members of the Beer Sectoral Group (BSG), extends the collaboration for another five years, with both sides pledging to deepen public awareness, enforcement and community engagement.

    FRSC Corps Marshal, Shehu Mohammed, said the partnership underscores the importance of synergy between government and the private sector in addressing road crashes, particularly those linked to alcohol consumption.

    He stressed that saving lives on Nigerian roads requires sustained collaboration, adding that the corps would continue to work with industry players to promote responsible behaviour among motorists.

    Speaking on behalf of the BSG, Managing Director of Nigerian Breweries Plc and Chairman BSG, Thibaut Boidin, said the renewal reflects the industry’s commitment to sustained collaboration with regulators. He cited previous joint campaigns, including the Don’t Drink and Drive Campaign, as impactful, adding that the next phase would focus on expanding reach and strengthening implementation.

    Also speaking, the Managing Director of Guinness Nigeria, Girish Sharma, said the industry remains committed to supporting initiatives that promote safer roads. He noted that while alcoholic beverages are often blamed for road crashes, the real issue lies in irresponsible consumption, particularly drinking and driving.

    “We are here to work with you and ensure that this programme grows bigger and delivers real impact. Saving lives is what matters most,” he said.

    Similarly, Chief Executive Officer of International Breweries Plc, Nicholas Kade, commended the FRSC for its dedication, describing the corps’ efforts as critical to making communities safer. He said the brewing industry would continue to support initiatives that promote responsible drinking and road safety.

    The Executive Director of the Beer Sectoral Group, Abiola Laseinde, described the renewal as a milestone in public-private collaboration.

    She said the partnership had driven nationwide campaigns against drunk driving, influenced behaviour, and reached millions of Nigerians with road safety messages.

    Laseinde added that both parties would scale up interventions in the next five years to further reduce crashes and promote responsible alcohol consumption.

    The FRSC and BSG’s partnership has been central to national campaigns to discourage drunk driving, with stakeholders expressing optimism that the renewed agreement will deliver stronger outcomes.

  • Arik Air Cabin Crew Wins King of the Air contest

    Arik Air Cabin Crew Wins King of the Air contest

    As airline clinches three awards at 15th NIGAV

    Arik Air’s Cabin Crew member, Adeyemi Adebote has been crowned the 2026 King of the Air at the 15th Nigeria Aviation (NIGAV) Awards and Ministerial dinner held at the NIGAV Centre, Murtala Muhammed International Airport, Ikeja, Lagos at the weekend.

    The King of the Air competition was highly contested by Cabin Crew members from other airlines in Nigeria and Adebote’s victory is a testament of Arik Air’s investment in human capital development and adherence to strict regulatory processes.

    The airline also won two other awards at the prestigious NIGAV awards which aimed at promoting unity, healthy competition, and growth within Nigeria’s aviation industry. Arik Air’s Captain Olufemi Adesunloye and First Officer Auwal Wali were selected winners in the prestigious Heroic Performance Recognition Award while the airline won the Best Airline Passenger Front Desk Service Award.

    The Heroic Performance Recognition Award was given to Captain Olufemi Adesunloye and First Officer Auwal Wali for their feat in safely landing the airline’s Boeing 737-800NG that suffered a mid-air engine explosion on February 11, 2026. The award is a high-level recognition honour designed to celebrate individuals who exhibited extra-ordinary courage, composure, and effectiveness in critical situations.

    The Best Airline Passenger Front Desk Award is for the airline’s friendliness and effective customer service from ticketing and check-in to boarding.

    Commenting on the awards, Arik Air’s Chief Executive Officer, Captain Roy Ilegbodu said: “We are delighted with the awards, which reflect the high level of professionalism that defines our airline. We are grateful to the organizers of NIGAV for finding Arik Air worthy of these recognitions. We remain dedicated to maintaining and advancing the highest standards of efficiency within Nigeria’s aviation industry.”

    This is the third time an Arik Air Crew member has won the King of the Air contest. Patrick Ekehinde won the second edition of the competition in 2022 while Tyger Opunabo won the 2024 edition.