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Greenwich Merchant Bank partners PSRG-Richardson on sustainability for inclusive growth

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Greenwich Merchant Bank Ltd and PSRG-Richardson have partnered on the key strata of sustainability – health, safety, security and the environment to drive the nation’s economy towards robust and inclusive growth.

This was disclosed in a press release signed and made available by the Head, Corporate Communications of the Institution, Ozena Utulu yesterday.

Speaking on the sidelines of the 2024 PSRG-Richardson HSSE Forum 16th Edition, in Lagos, the Chairman of Greenwich, Mr. Kayode Falomo explained that with the complex challenges in the nation, partnerships are important for the growth and development of the economy.

According to him, at Greenwich Merchant Bank, we value the collaboration and the benefits that our strategic partnerships bring to the Nigerian economy whilst we are conscious of the importance of health, safety, security and the environment to the overall socio-economic well-being and wealth of nations.

“At GMB, we understand that our business activities and operations impact on the environment and the society in which we operate. Hence, our sustainability approach has been tailored to proactively incorporate sustainability principles into our business dealings with our clients as well as our internal practices and operations. This approach has enabled us to effectively manage the environmental and social risks associated with our business interactions and internal operations.

“We have consequently made Healthcare a central part of our CSR focus. Through our Foundation, the Greenwich Foundation, we will continue to make critical investments in healthcare infrastructures, institutions, delivery systems etc. towards ensuring a healthy population and society,” Falomo stated.

He disclosed that the pre-eminent merchant institution collaborates with clients, alliance partners, NGOs, industry groups, suppliers, and others on sustainability initiatives.

To further explain this, the chairman says, “to achieve this goal, the Board has approved a plan to ensure collaboration with clients, alliance partners, NGOs, industry groups, suppliers, and others to: increase demand for responsible products and services, remove roadblocks that get in the way of enacting change and support efforts geared at creating innovative climate solutions at a systems and operations level.”

Addressing the theme for this year’s forum, titled, “Unlocking Economic Prosperity in Nigeria: Bridging the Gaps, the CEO of Richardson Oil and Gas Ltd, Akin Osuntoki said Nigeria’s path to prosperity was hindered by several key challenges like inadequate infrastructure which limits economic efficiency; security issues that disrupt business and deter investments; over dependence on oil, which makes the economy vulnerable to global market fluctuations; and the dysfunctional Educational system that has resulted to skills gap affecting workforce productivity.

According to Osuntoki, to unlock prosperity, Nigeria must undertake a multifaceted approach to address the challenges.

He hinted on the need to prioritize investment in infrastructure, economic diversification, reformation of the educational system, strengthening governance, concretize security issues and leveraging Nigeria’s strategic location to enhance regional trade and economic cooperation to further boost growth and development. //END.//

About Greenwich Merchant Bank

Greenwich Merchant Bank (GMB) is a pre-eminent merchant bank owned by reputable corporate and private investors. The Bank has its headquarters in Lagos, Nigeria with focus on high end financial products and services to select clientele in targeted sectors of the economy. Our operations cover Corporate Banking, Private Banking, Investment Banking, Asset & Wealth Management, Treasury & Global Markets and Securities Trading. The Bank is rated BBB- (NG) Long Term, and A3 (NG) Short Term with Stable Outlook by Global Ratings Agency, GCR.

With over 27 years’ experience in the financial industry, Greenwich Trust Limited, the precursor to GMB carved a strong market niche for itself and won several awards over the years. Our deep knowledge of the market, nimbleness, smooth and reliable processes driven largely by technology and the high quality of our personnel put us on the cutting edge of strategic importance to our select clientele.

The upscaling of our operations into mainstream banking aligns with the strategic vision of our shareholders to build an enduring institution that serves as a one-stop shop for our clients.

About PSRG-Richardson

PSRG-RICHARDSON is a global provider of integrated HSSE, Operations Improvement, Management Consulting and Training Services designed to help companies improve Safety and Security, Productivity, Reliability, and enhance overall business performance. The PSRG-RICHARDSON HSSE Forum is an annual forum for practitioners to meet, discuss and analyze issues on Health, Safety, Security and Environment (HSSE) practices in their individual sectors. It is an avenue to share industry challenges and proffer workable solutions to issues related to HSSE. Now in its sixteenth year, the Forum was inaugurated in 2009 and has received several accolades from various industry stakeholders since inception.

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Origin Tech Group and NALDA Partners on Greener Hope…

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…Set to sign MOU towards transforming Nigeria’s Agricultural Productivity.

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

In a bold step towards consolidating its quest for revolutionizing large-scale mechanized agriculture in Nigeria, the Greener Hope Large Scale Mechanisation Programme’s team paid a courtesy visit to the Executive Secretary of the National Agricultural Land Development Authority (NALDA), Mr. Cornelius Oluwasegun Adebayo.

L-R, Engr Olusegun Owolabi SA Technical, NALDA; Prince S J Samuel (Chairman, Origin Tech Group); Mr Cornelius Oluwasegun Adebayo (Executive Secretary] and Dr Musa Olasupo (Director of Programmes, Greener Hope Agriculture Productivity Programme – GHAPP, during the courtesy call on the Executive Secretary of National Agricultural Land Development Authority (NALDA), recently in Abuja.

The focus of the meeting was to establish a strong partnership between Origin Tech Group and NALDA, aimed at ensuring the smooth implementation of Greener Hope, a transformative agricultural initiative aimed at addressing the food insecurity concerns in the Country.

This collaboration brings together the expertise of both organizations in key areas such as land clearing, mechanization, and the establishment of large-scale model farms across Nigeria. The goal is to unlock new opportunities in sustainable farming, boost productivity, and ultimately transform Nigeria’s agricultural landscape through Greener Hope, which is set to substantially revolutionalize Nigeria’s agriculture by providing sustainable access to modern farm machinery and implements, eliminate drudgery, manage post-harvest loses and significantly boost crop yields across the country.

Origin Tech Group, an agricultural value-chain conglomerate is extremely pleased to be working with the Federal Government to birth this innovative program with critical structures and promises to place Nigeria on a higher pedestal to impact every aspect of farming both in the commercial segment and small-holder enterprises; raising and promoting the new agricultural ecosystem in her quest for food security, wealth creation, job opportunities and help spur economic growth.

Speaking about the partnership with NALDA, the Executive Chairman of Origin Tech Group, Prince S. J. Samuel, expressed his optimism: “Our partnership with NALDA is a critical step toward realizing the full potential of Nigeria’s agriculture. By integrating mechanization and land development, we are positioning the country for food security and long-term economic growth.”

During the meeting, Dr. Musa Olasupo, Director of Programs for Greener Hope’s large-scale mechanization program, and Engr. Olusegun Owolabi, Special Adviser on Technical Affairs to NALDA, joined the discussion to outline practical steps for launching model farms across the country, ensuring Nigeria’s agriculture attains self-sufficiency.

Similarly, Mr. Cornelius Oluwasegun Adebayo, NALDA’s Executive Secretary, emphasized the importance of public-private partnerships in achieving agricultural transformation on a large scale: “At NALDA, we are excited to collaborate with Origin Tech Group on this groundbreaking initiative. Together, we’ll empower farmers, create job opportunities, boost food production, and improve rural prosperity by mitigating rural-urban migration, especially amongst the youth population across Nigeria.”

Dr. Musa Olasupo also highlighted the urgency of this novel initiative, saying: “Nigeria’s food security is at a critical juncture, with challenges like insecurity, climate change, and smuggling that combine to threaten our food supply. Bridging those gaps, Greener Hope will provide the infrastructure farmers need to transition to large-scale farming, increase their yields and secure a sustainable food productivity future.”

The Greener Hope Large-Scale Mechanization Programme, a collaborative effort with the Federal Ministries of Agriculture and Food Security is designed to overhaul Nigeria’s agricultural sector through the provision of modern farming machinery and equipment, capacity building on equipment use and servicing for youths and the establishment of medium to large scale model farms that will serve as hubs for agricultural best practices.

As the team continues to partner with key agencies like NALDA, both organizations are committed to driving agricultural transformation, enhancing food security, and contributing to Nigeria’s economic growth.

For more information, visit www.greenerhopeng.com.

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Fearless Energy Drink Wins ‘Outstanding Energy Drink of the Year 2024’ Award

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

…Blazes the Trail in its Market Segment

Fearless Energy Drink, Nigeria’s leading energy drink brand from the stable of Rite Foods Limited, has clinched the coveted “Outstanding Energy Drink of the Year 2024” Award at the recent Marketing Edge Awards held at Sheraton Balmoral, Lagos.

Mr. Olaniyi Aderuku, Brand Manager, Fearless Energy Drink (Middle), flanked by Mrs. Ruth Mark, Assistant Brand Manager, Rite Sausages (Left), and Mr. Innocent Adulugba, Corporate Communications Manager (Right), all of Rite Foods Limited, during the Marketing Edge Awards, where Fearless Energy Drink Brand of Rite Foods Limited won the “Outstanding Energy Drink of the Year 2024” Award on Saturday, 28th September 2024, at Sheraton Balmoral, in Ikeja, Lagos.

Fearless Energy Drink with the Fearless Classic and Fearless Red Berry variants emerged as the winner in its category, after a thorough rating and evaluation of the highly saturated energy drink market, where the brand made entrant in 2017 with the first-ever packaged polyethylene terephthalate (PET) bottle packaging that has been the standard for competitors.

The recognition stems from the brand’s unique flavour, originality, and numerous contributions to the industry in talent promotion, human development, and sustainability initiatives that have significantly impacted human and national development.

Extolling the brand for the win, Mr. John Ajayi, the organiser, and publisher of Marketing Edge Magazine affirmed that the Fearless Energy Drink brand has truly demonstrated its market leadership in all ramifications, surpassing its competitors through sponsorship of effective strategic initiatives. He stated that the feat was also due to the brand’s distinctiveness, innovation, and the positive energy it offers.

While receiving the award, Olaniyi Aderuku, the Brand Manager of Fearless Energy Drink, expressed gratitude to Marketing Edge for the acknowledgment of the brand as the number one in its category, a position that has earned it numerous accolades and has also defined the market standard.

He said, “Fearless Energy Drink will continually strive for taste superiority, excellence, and innovation in providing exceptional experience to its consumers, adding that the laurel attests to its strong commitment to consumer connection and satisfaction.”

According to him, “Our Fearless Energy Drink with its tagline ‘Embrace The Thrill’ offers its consumers the unquenchable desire to make a difference in their endeavours, with the positive energy it provides, through credible platforms that resonate with its values of courage, leadership, and the willpower to succeed”

The Fearless Energy Drink brand has garnered so many awards that validate its profile, including Media Consortium Awards 2024: “Energy Drink Brand of the Year”; Brand Exchange Awards 2024: “Best Value for Money”; the “Most Outstanding Energy Drink in Consumer Engagement” in 2023; Best Value for Money – Energy Drinks Brand 2023; and the “Most Outstanding Energy Drink Brand of the Year” in 2021, among other laurels.

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Fidelity Bank improves ease of Revenue Collection with Tax Booths

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

As part of initiatives towards increasing efficiency in revenue collection in Anambra State, leading financial institution, Fidelity Bank Plc, has donated 10 units of tax booths to the Anambra State Internal Revenue Service (AIRS).

Commenting on the donation, the Regional Bank Head, Awka, Fidelity Bank Plc, Dr. Nosa Orumwense, explained that the donation is borne out of the bank’s devotion to creating solutions for its customers.

“For nearly four decades, Fidelity Bank has been dedicated to meeting the banking needs of Nigerians with customized solutions. Whether through thoughtfully designed products or exceptional services, we have established ourselves as the preferred bank for individuals looking to grow, businesses interested in prospering and economies that want to prosper.

“Today’s donation to AIRS is a first-of-its-kind initiative in Nigeria and would go a long way in smoothening the experience with tax payment and collection for individuals and the Anambra State government respectively. We are grateful for the opportunity to partner with the government on this project and commit to do more”, explained Dr. Orumwense.

Named the “Fidelity Bank AIRS Small-Tax Hubs,” these booths are customized, secure, and user-friendly self-service terminals designed for efficient banking transactions. They are equipped with both mains and solar power sources to ensure continuous operation, and they connect to the internet for real-time transaction processing.

At the commissioning ceremony, Chairman of Anambra State Internal Revenue Service, Dr. Greg Ezeilo, FCA expressed gratitude for the donation, calling the gesture “a dream come true.” An elated Dr Ezeilo praised Fidelity Bank for the groundbreaking support while promising that the hubs would be utilized effectively.

Ranked as one of the best banks in Nigeria, Fidelity Bank is a full-fledged commercial bank with over 8.3 million customers serviced across its 251 business offices in Nigeria and the United Kingdom as well as on digital banking channels.

The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.

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