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FIRSTBANK CONVENES NIGERIA ECONOMIC OUTLOOK WEBINAR FOR 2023

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FIRSTBANK CONVENES NIGERIA ECONOMIC OUTLOOK WEBINAR FOR 2023

AJAGBE ADEYEMI TESLIM

Sponsored by: H&H

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the 2023 edition of its Nigeria Economic Outlook event.

The virtual event themed “Nigeria Economic Outlook 2023: A look ahead” is scheduled by 8:30am on Friday, 20 January 2023, via Zoom meeting. To register and participate in the event, do click on the link https://firstbanknigeria.zoom.us/webinar/register/WN_Z-8Izr1sRHmdfRqZ5RiYeQ

The event will promote deliberations and analyses of national and global economic trends to shape 2023. Like its previous edition, the 2023 FirstBank Nigeria Economic Outlook aims to set the tone for the year by providing an opportunity for participants to learn directly from economic experts. Participants will be better informed and knowledgeably empowered to make the right decisions in their socio-economic activities in 2023.

‘Biodun Adedipe, Ph.D, founder and Chief Consultant of B. Adedipe Associates Limited (BAA Consult will lead deliberations at the event as its keynote speaker. Other speakers are FirstBank’s Ini Ebong, Executive Director, Treasury and International Banking; Tosin Adewuyi, Executive Director, Corporate Banking; Ugo “Ugodre” Obi-chukwu, Founder, NairaMetrics as well as Mosope Arubayi, economist and global financial analyst. Chike Uzoma, Head, Strategy & Corporate Development, FirstBank will moderate the event.

According to Mrs. Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications of FirstBank ‘Our forthcoming Nigeria Economic Outlook webinar is a viable opportunity for one to be informed on key trends and activities that will shape the global socio-economic landscape in 2023.

2022 was indeed a turbulent year and from the 2023 forecast, the growth would still be slow. In addition, bearing in mind 2023 being an election year in Nigeria, like every democratic nation around the world, commercial and business activities in the country will be impacted by the forthcoming election.

I encourage everyone to join the event as the keynote speaker and panelists will shed more light and perspectives which will have participants informed about opportunities and happenings that will shape the socio-economic and political environment in the country and the world at large.”

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Union Bank Reiterates Support for Small Businesses at BusinessDay Top 100 SME Conference

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Union Bank Reiterates Support for Small Businesses at BusinessDay Top 100 SME Conference

AJAGBE ADEYEMI TESLIM

Sponsored by: H&H

Leading financial institution, Union Bank of Nigeria, has reiterated their support for Small and Medium-sized Enterprises in the country to drive increased growth and development.

This commitment was made during the recently held ‘Top 100 Fastest Growing SMEs in Nigeria’ conference hosted by Business Day newspaper.

The event themed ‘How SMEs can thrive in an age of volatility’ was well attended by various stakeholders in the SME sector, including entrepreneurs, industry experts, start-ups, and financiers.

The event had different panel sessions to discuss the multiple problems facing SMEs in Nigeria.


Speaking on the Funding for SMEs panel, Ayokunnumi Abraham, Head, Small and Medium-sized Enterprises (SME) Products & Segments Union Bank, said SMEs need to pay attention to capacity building and keeping proper financial records.

According to him: “SMEs must focus on building capacity and developing the necessary skills to increase their expertise if they hope to succeed in this volatile age.

SMEs also need to embrace technology and digital tools as an enabler for business growth while ensuring their books and records are organised if they hope to attract funding from the right financial partner.”

Business Day newspaper presented Union Bank with The SME Financier of the Year award in Nigeria at the awards ceremony held that same evening in recognition of the bank’s efforts to support and promote the growth of the SME sector in the country.

About Union Bank Plc.
Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions.

The Bank is a trusted and recognisable brand with an extensive network of over 300 branches across Nigeria.


The Bank currently offers a variety of banking services to both individual and corporate clients, including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance.

in addition, the Bank also offers its customers convenient electronic banking channels and products, including Online Banking, Mobile Banking, Debit Cards, ATMs, and POS Systems

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Olam Agri To Raise Public Health Standard With 1 Trillion Servings Of Fortified Food

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Olam Agri has said it is committed to helping to raise the standard of public health as it contributes to meeting the growing demand for healthy foods across the African continent and beyond.

Speaking at the recently concluded World Economic Forum (WEF), Ashish Pande, Senior Vice President, Olam Agri, said Olam Agri will deliver 1 trillion servings of fortified food – wheat flour, edible oil, rice – to provide essential micronutrients to over 250 million people each day by 2030.

Food fortification is at the core of Olam Agris purpose of transforming food, feed, and fibre for a sustainable future. In 2021, we produced more than 83 billion servings of fortified foods for consumers in Africa, which included fortified rice in Ghana and Cameroon. Our commitment goes beyond meeting regulatory requirements to addressing the important nutrient gaps faced by millions of people. By 2030, we pledge to deliver 1 trillion servings of fortified food – wheat flour, edible oil, rice to provide essential micronutrients to over 250 million people each day,” Pande said.

Global food fortification actions are coming under sharp scrutiny. A discourse around the fortification of staple foods such as rice and wheat, and how to build a consensus around unified strategies suitable for reducing malnutrition on a global scale garnered attention at the recently concluded WEF 2023 in Davos, Switzerland.
 
It is estimated that three billion people cannot afford a healthy diet annually. This unhealthy population is expected to rise by 267.6 million due to the impact of the COVID-19 pandemic. Hence, reaching people with micronutrients such as Vitamin A, iron, zinc, iodine, and folate on a global scale is seen as strategic to halting the unfavourable rise in unhealthy diets. WEF gathers global leaders and key decision-makers across the globe annually to initiate dialogue and drive cooperation that will help navigate the pressing challenges impacting the health of the global economy.

This year, the forum mobilized food processors, partner governments, technical agencies, and key donors to address nutrition issues, as well as deepen collaboration and partnership in providing solutions to the issues. 

Pande underlines the need for and advantages of partnerships between millers and technical partners to help address unhealthy diets. Thanks to our partnership with TechnoServe, we have installed premix facilities across our local food manufacturing facilities.

The premix facility is automated, and the process is controlled to ensure the persistence of quality premix and consistent supply of nourishing foods across our operating markets,” Pande said.

Diving into the barriers and solutions to scale fortification initiatives on the globe, Paul Newnham, the Vice Chair of the Food System Champion Network, and moderator at the WEF session, said, Millers are a powerful new ally in the global fight against malnutrition. One in two children and two in three women face at least one micronutrient deficiency.

Fortification has a critical role to play. From consumer education to regulatory frameworks, millers face key barriers in producing fortified foods. Millers need to be put on a level playing field, with equal partnerships between business and millers.

To round off the discourse on food fortification at the forum, a formidable initiative tagged Miller 4 Nutrition Global Coalition was launched. According to Newnham, the initiative aims to gather millers of all sizes and diverse actors to improve nutrition worldwide.

The World Economic Forum Food Systems Initiative stimulates multi-sectoral leadership to support collective regional and country-led action, and advancing global insight and policy, to accelerate food systems transformations aimed at finding solutions to malnutrition, micronutrient deficiencies and hunger.

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Sterling One Foundation Wins CSR Award of Excellence

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Sterling One Foundation Wins CSR Award of Excellence

AJAGBE ADEYEMI TESLIM

SPONSONSORED BY: H&H

Sterling One Foundation has won AS+A Communications’ Award of Excellence for Corporate Social Responsibility in recognition of its positive impact across Nigeria.

As part of its annual award ceremony and commemoration of its Managing Director’s 70th birthday, AS+A Communications awarded the Sterling One Foundation its Corporate Social Responsibility Award of Excellence at an event held in Lagos recently.

The award presented by the company’s Managing Director, Mrs. Adenike Shobanjo, was in recognition of the foundation’s developmental legacies in the areas of health, education, and environment, in partnership with its corporate partner, Sterling Bank.

Mrs. Shobanjo during her opening remarks explained that her company hosts this annual event because of how important it considers social impact work and the role that corporate organizations play in ensuring that the transformation it brings is widespread and has long-term effects.

While presenting the award to Sterling One Foundation, she applauded the efforts of Sterling Bank in setting up the Foundation and empowering them to make a lasting impact in society.

She further charged businesses operating in the country to prioritize corporate social responsibility for the development of the nation.

In her words, “There are influential, well-placed, and endowed Nigerians who sit in their closets without any care for the underprivileged. This event is to encourage them to come out and join us in building a just and egalitarian society.”

“This award is in recognition of all the successes that Sterling has achieved over the years as a socially responsible organization, most especially in areas of health, education, and agriculture,” said Shobanjo.

Accepting the award, the CEO of Sterling One Foundation, Mrs. Olapeju Ibekwe, thanked the organizers while stressing the organization’s focus to contribute to the achievement of the Sustainable Development Goals (SDGs), as a way of improving the livelihood of Nigerians and Africans living in underserved communities.

She said that Sterling One Foundation’s focus areas; education, health, climate action, gender equality, and food security are all critical areas that require urgent attention for progress to happen.

She went on to highlight that; “In 2023, the Sterling One Foundation plans to focus on expanding its education programs to reach more out-of-school children, train and fund at least 100,000 youths, plant 10 million economic trees and adopt key primary health centers in at least 10 states through key partnerships.”

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