The Chief Executive Officer of Union Bank of Nigeria Plc, Mr. Emeka Okonkwo, has disclosed that the bank released N350 million to the fight against the spread of COVID-19 in Nigeria in 2020. This, he added was in line with the bank’s sustainability finance policy that aimed to uphold the tenets of the Social Development Goals (SDGs) and the Nigerian Sustainability Banking Principles (NSBPs). Okonkwo made this disclosure recently when he presented the bank’s 2020 Citizenship Sustainability and Innovation (CSI) report that gave detailed account of Union Bank’s continued efforts towards creating a more sustainable future by further embedding responsible…
Author: Temitope N.
The Chairman, Courteville Business Solutions Plc, Afam Edozie has said an increase in electricity tariff, inflation rate, fluctuating price of crude oil and increase in the price of Petroleum Motor Spirit (PMS) are downsides that indicate 2021 may be difficult for Nigerians with pressured disposable incomes. He stated this at the 16th yearly general meeting of the company in Lagos. Edozie who was represented by the Deputy Managing Director of the company, Wale Sonaike, said though Covid-19 pandemic continues to remain with the country, with the experience garnered last year, 2021 will not be as devastating as 2020. Despite…
The World Health Organization (WHO), Pharm Access Foundation, and other health sector stakeholders have joined voices to solicit for increased funding and financial risk protection for the health sector in Nigeria. The call was made at the ‘Fourth Annual Legislative Summit on Health’ held in Abuja recently with legislators, government officeholders and health organizations, both international and national, in attendance. The call comes on the backdrop that the health sector is not free from finance-related limitations bogging other sectors in the country. One of the aims of the annual legislative network summit is to propose the enactment of laws that…
Abdulrazzaq Abdulmajeed Alaro For Nigeria to reach its full potential, economic expert in Islamic finance has called for the nation to embrace its principles, as well as explore and exploit its many advantages for individual and national benefits. Rather than being a mere conduit for funds transfer between depositors and borrowers of funds, the model seeks to create partnership between the two units with an arrangement for the two to share in the profit and loss of the real economic activity. Speaking at the 196th inaugural lecture of University of Ilorin, Professor Abdulrazzaq Abdulmajeed Alaro of Department of Islamic Law…
[FILES] Transmission Company of Nigeria Plans by the Federal Government to unbundle the Transmission Company of Nigeria (TCN) and eventually sell the power firm may soon become reality as the Bureau of Public Enterprises (BPE) is expected to recommend the sale of the assets. Government had earlier in the year proposed a sale or concession of about 36 of its properties to raise funds, largely to finance the 2021 budget. TCN was listed as part of these properties, expected to be sold or concessioned between January 2021 and November 2022. BPE, according to Bloomberg, is currently considering various strategies…
Dr. Ngozi Okonjo- Iweala who is the Director-General of the World Trade Organization (WTO), has called on global leaders to ensure wide spread of production capacity, equitable rollout and proper distribution of COVID-19 vaccines in every country to accelerate global recovery from pandemic.