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All Posts in "Month: June 2025"

Fidelity Bank Hits N1trn Market Cap After Share Price Increase

 

By Amaka Obiefuna

The Cable NG reports that the market capitalisation of Fidelity Bank has crossed the N1 trillion mark as the share value of the company appreciated by 1.27 percent at the close of trading.

 

According data from the Nigerian Exchange Group (NGX), the bank’s market capitalisation hit N1 trillion after its share price rose from N19.75 on Tuesday to N20 on Wednesday.

 

The increase moved the company’s valuation from N991.6 billion to N1 trillion.

 

With the development, Fidelity Bank joins the list of financial institutions with a market capitalisation of over N1 trillion.

 

The companies are Zenith Bank, Access Bank, United Bank of Africa (UBA), Guaranty Trust Bank (GTB), and First Bank.

 

On May 21, Nneka Onyeali-Ikpe, the managing director (MD) and chief executive officer (CEO) of Fidelity Bank, acquired an additional 18 million shares in the bank.

 

Two days later, Onyeali-Ikpe bought additional 2 million units of shares in the bank.

 

According to a regulatory filing on the NGX, the shares were acquired on May 22, at N18.6 each — amounting to a total value of N37.2 million.

 

The acquisitions increased her shareholding in the bank to 114.64 million shares — from 94.64 million held as at December 31, 2024.

 

In its latest financial performance report, Fidelity Bank said it reported a 167.8 percent year-on-year increase in profit before tax (PBT), which increased to N105.8 billion in the first quarter (Q1) of 2025.

Online Poster by — June 27, 2025 in Capital Market 0
Prof. Bart Nnaji To Chair 2025 Oriental News Nigeria Summit

By Amaka Obiefuna
As Nigeria continues to promote energy efficiency with natural gas as key driver to achieve her energy transition goals, key stakeholders in the sector would be discussing prospects of the country’s huge gas resources in actualizing set targets.
Other key agencies of government have also signified their acceptance to participate in the 2025 Oriental News Nigeria national conference where the Nigerian Liquified Natural Gas Limited (NLNG) as keynote speaker at the conference would highlight benefits of gas as the country’s transition energy source.
The conference will be chaired by former Power Minister and chairman of the indigenous power company, Geometric Power Limited (GPL).
STANMEG Communications, publishers of Oriental News Nigeria Online, one of Nigeria’s most influential Online platforms confirms NLNG as keynote speaker at its 2025 National Conference on Sustaining Gas Utilization Towards Achieving Nigeria’s Energy Security.
The main Theme of the conference is “Integrating Nigeria’s Gas Potentials Into Strategic Energy Transition Initiatives”
The conference is also focusing on key Sub Themes, which include
…..Enhancing Energy Security And Efficiency Through Effective Gas Utilization
……Evaluating Regulatory Frameworks for Sustainable CNG Adoption in Nigeria’s Transportation Industry
………. Building Local Content Synergy’ between the Insurance Industry and Oil and Gas Sector.
The event holds on 24th July, 2025 at Radisson Blu,  GRA Ikeja Lagos at 9am.
Meeting Nigeria’s domestic energy needs remains one of the most significant challenges to sustainable development and economic growth. Only half of Nigeria’s 200 million citizens currently have access to energy, and with the population set to double by 2050 universal access is a huge challenge.
Nigeria has proposed to ramp up gas production, utilization and export, with the aims of supporting industrialization, boosting domestic energy supply (for power, cooking and transport), and increasing government revenues.
Whether ramping up gas utilization is feasible, or indeed the appropriate approach to achieving Nigeria’s energy supply and economic ambitions, is uncertain.
Every year Oriental News Nigeria, undoubtedly one of Nigeria’s most influential and reliable news channels brings stakeholders together to discuss pivotal topics around the economy.
Being the 4th in the series, the 2025 Oriental News Nigeria conference is bringing key industry figures, experts and policy analysts to evaluate various aspects of natural gas initiatives put together to drive the national economy.
Government is quite aware that what is certain is that global pressure to transition away to cleaner energies and defund fossil fuel projects complicates the process of realizing that goal and could lead to wasted investments that jeopardize the economic and energy security of Nigerians in the future.
But weak legal and regulatory frameworks, big infrastructure gaps, a non-cost-reflective pricing regime and host community conflicts have made the domestic gas sector uncompetitive and unattractive to investors. This, in turn, has left gas reserves underexploited, especially more expensive non-associated gas which represents half of Nigeria’s reserves.
Implementation of reforms by successive governments through the 2008 Gas Master Plan the (GMP), the 2017 National Gas Policy (NGP) and other instruments have proven slow. With the passage of the Petroleum Industry Act 2021, the legal, fiscal and regulatory framework of the gas sector has been strengthened with the creation of dedicated regulators, a dedicated minister, provision of third party access to infrastructure, and other improvements. But many gaps remain.
Thus the Decade of Gas Policy launched in 2021 to address the limitations to achieving domestic gas-based industrialization and economic prosperity, and reduce energy poverty, faces greater challenges.
Also, as a response to the high cost of petrol and the attendant rise in the cost of transportation, following the removal of fuel subsidy, President Bola Tinubu launched the Presidential CNG Initiative to provide a cheaper and cleaner energy source for Nigerians.
It is based on the above initiatives and pace setting policies that we have developed a theme and sub-themes to examine and evaluate those policies by key government agencies, including key stakeholders in the industry.
Apart from examining the role of gas initiatives boosting power sector growth, the sub-themes is evaluating the Compressed Natural Gas (CNG) as preferred fuel for the transport industry.
Road transport is the dominant mode of transportation in Nigeria, moving over 90% of internal goods and passengers across the country; hence it is the highest contributor to the nation’s GDP amongst other sub-sectors.
However, from all we could glean, road transport is predominant in the Nigerian transport sector. This entails an excessive use of internal combustion engine vehicles (ICEs), hence, an immense contribution to CO2 emission through the combustion of petroleum-based products like PMS, AGO and ATK; relatively small amounts of methane (CH4) and nitrous oxide (N2O) are emitted during fuel combustion, though.
The National Automotive Design and Development Council (NADDC) has revealed that Nigeria boasts of an estimated 11 million vehicles traversing its roads.
Globally, the transport sector is a major source of CO2 pollution in the atmosphere, with a global contribution of about 7.3 billion metric tons of carbon dioxide emission in 2020. About 20% of the global CO2 emission is contributed by Surface transport.
We reviewed the various sub-sectors of the Nigerian transport sector with their corresponding energy consumption rates. Results show that all the sub-sectors are solely dependent on fossil fuels to meet their energy demands and requirements, thus making the transport sector the highest consumer of fossil fuels, and consequently, the highest contributor to carbon footprint.
This necessitates the need for gradual decarbonisation of the sector, but not at the expense of the nation’s economy, since the transport sector contributes about 3% of the nation’s GDP.
During the conference there will be Panel Discussions on the following sub themes
1. Adaptation of Renewable Energy Policy and Gas Utilization Strategies In Power Generation Sector
2. Evaluating Decade of Gas Policy and Broad Spectrum of Gas Utilization Strategies
3. Reinforcing CNG, LPG Strategies in Addressing Emissions and Climate Impacts of Fossil Fuel Use in the Transport Industry.
  4. Building Local Content Synergy’ between the Insurance Industry and Oil and Gas Sector.
The conference promises to be highly interactive and with such great collaboration and shared commitment of stakeholders the outcome will not only achieve the country’s objectives but also set a precedent for other nations to follow.
Yemisi Izuora
Publisher/Editor
Oriental News Nigeria
Online Poster by — June 26, 2025 in News 0
Fidelity Bank Promotes 12% Of Workforce And Increases Salaries By 20% Across Board

By Amaka Obiefuna

Fidelity Bank Plc, one of Nigeria’s top-tier financial institutions, has promoted 376 employees following its recently concluded annual performance review exercise. This represents approximately 12% of the bank’s workforce, underscoring its management’s deep appreciation for the pivotal role played by staff in recoding the highest growth by percentage volumes in the banking industry with  210% increase in its Profit Before Tax (PBT) which grew from N124.3 billion in 2023 to N385.2 billion in 2024.
The announcement, which was recently communicated internally, comes on the heels of a 20% across-the-board salary increase implemented in June 2025—a gesture that reflects the bank’s commitment to staff welfare. It is worth noting that this follows a similar salary adjustment carried out in November 2024.
Under the leadership of Dr. Nneka Onyeali-Ikpe, Fidelity Bank has consistently outperformed market expectations. In 2024, the bank recorded the highest share price growth of 116%  in the industry following the completion of its Public Offer which  was  over subscribed by 238% .
In recognition of the banks stellar performance, global rating agency, Fitch Ratings recently upgraded Fidelity Bank’s National Long-Term Rating from ‘A(nga)’ to ‘A+(nga)’ in a further endorsement of the bank’s financial strength and prudent management. The upgraded ratings reflects improved profitability metrics and robust capital buffers, reinforcing the bank’s sustained upward trajectory.
Online Poster by — June 26, 2025 in News 0
AXA Mansard Unveils Fully Digital, Flexible Health Insurance Solution

By Amaka Obiefuna
In a major step toward expanding healthcare access in Nigeria, AXA Mansard Health Limited has enhanced its digital health insurance offering by introducing flexible monthly payment options.
The upgraded solution now allows customers to spread their premiums over up to 10 months, replacing the traditional one-time annual payment and making health coverage more affordable and accessible for millions of Nigerians.
This game-changing product is fully digital, designed to meet Nigerians where they are. It aims to remove the financial and procedural barriers that have historically prevented many from accessing quality healthcare.
 “Health insurance shouldn’t be a luxury, it should be a lifeline ,” said Mrs. Adebola Surakat, Chief Marketing Officer at AXA Mansard. “With our extendedsolution, we’ve simplified the journey. Nigerians can now get the protection they need and deserve, without the pressure of a one-time annual payment. It’s affordable, flexible, and, most importantly, accessible anytime, anywhere, digitally.
Through this product, AXA Mansard Health is addressing a key challenge in Nigeria’s healthcare system: low health insurance penetration due to affordability and accessibility issues. By introducing monthly instalment payments and removing paperwork with an entirely digital onboarding process, the company is bringing a much-needed innovation to the market.
“This isn’t just another health insurance product, it’s a gateway to quality health care that everyone can afford,” Mrs. Surakat added. “We have designed it for the average Nigerian students, artisans,  young families, and professionals who want healthcare with peace of mind without breaking the bank. Customers can choose from flexible plans that suit their income and health needs. The platform is intuitive, mobile-friendly, and powered by cutting-edge digital infrastructure that ensures a fast and seamless experience.”
The new health insurance solution is available online. Nigerians can explore and sign up for a plan in just a few minutes by visiting https://www.axamansard.com/health/plans-details.
Online Poster by — June 26, 2025 in Insurance and Pension 0
Fidelity Bank MD Not Part Of The Woobs Case

Reports published by Sahara Reporters on June 25 claimed that Fidelity Bank’s MD, Dr. Nneka Onyeali-Ikpe was a party to an ongoing case involving fraud on Woobs Resources account with the bank.
This is however not true. The charge sheet dated 12 May 2025 (sighted by this reporter) stated that the Defendants in the suit were Victor Ukutt, Esq, Fidelity Bank Plc, Whoba Ugwunna Ogo and Safiya Whoba.
It will be recalled that the Office of the Attorney General of the Federation and Minister of Justice issued a press release on 9 June 2025 explaining that Dr. Onyeali-Ikpe’s name was struck off the charge as she was neither the account officer nor the Managing Director of the Bank when the account used in the alleged scheme of fraud was opened.
Online Poster by — June 26, 2025 in News 0

The Securities and Exchange Comission (SEC)  has stressed the need for Nigeria to harness its demographic dividend to advance financial inclusion through investments by 2030 for national survival or face deepening inequality.
The Director-General of the SEC, Dr Emomotimi Agama, said this at the United Capital Asset Management Investment forum on Wednesday in Lagos.
Agama, in his keynote address titled: “Advancing Financial Inclusion through Investments: Bridging
Nigeria’s Knowledge and Wealth Gap,” said Nigeria must harness its demographic dividend to boost investment.
“Our theme, Advancing Financial Inclusion through Investments, is not aspirational; it is foundational to national survival.
“We stand at a pivotal moment. By 2030, Nigeria can either harness its demographic dividend or face deepening inequality. The knowledge-wealth gap is not merely an economic challenge; it is a moral imperative,” Agama said.
He said the term inclusion should be reframed as active financial involvement, where access meets empowerment, and capital becomes a tool for transformation.
Agama said that closing the financial inclusion gender gap could lift 700,000 Nigerians from poverty.
He said, “Nigeria has a great population yet we have a tiny drop of this number of persons involved in the capital market.
Thats one reason for poverty, because we are running from money. We have to do something. Our market capitalisation is an opportunity to do something,
We all have
“We need to change the narrative and move the market forward. We must reach out to make the difference. We are committed to protecting investors and developing the market. Our goal is to do the right thing no matter whose ox is gored. We will work by the principles of fairness and equity to change the market. We will provide a fair ground for everyone to aspire.
He noted that MTN Nigeria’s share offering drew 150,000 new investors – 75 per cent women, 85 per cent under 40.
Agama recommended a four-pillar strategy for bridging the gaps.
He listed the four-pillar strategy as democratisation of financial knowledge, catalyse MSME Investment Channels, blended Finance Vehicles: Partner with Bank of Industry (BOI) to de-risk loans for women-led SMEs.
“We need to educate people about finances. As we drive this market, we do so for a purpose, I enjoin everyone to be the disciple and the apostles. Getting this market to move is a deliberate action” He added.
Online Poster by — June 25, 2025 in Capital Market 0
Shell, Oil Industry Bid Osagie Okunbor Farewell After 39 Years Of Service

By Amaka Obiefuna

Shell Nigeria is celebrating Country Chair Osagie Okunbor, who is retiring this month after 39 years of service. Stakeholders in the oil and gas industry, including government functionaries, regulators, and chief executives of indigenous and international oil companies are joining to honour Okunbor at the milestone ceremonies which began in Abuja last night (June 24, 2025).

 

The dignitaries highlighted Okunbor’s contributions to the development of the oil and gas industry in Nigeria especially Nigerian content and playing key roles in Shell’s investments in Deep-water and Integrated Gas in Nigeria. Executive Vice President Nigeria, Marno de Jong, will take on the additional responsibilities of Country Chair Nigeria.

 

Marno said: “Osagie is a respected leader in Shell and the broader industry whose wise counsel and insights have proved invaluable. Over a career that has lasted nearly 40 years, Okunbor has related with a wide range of stakeholders, from communities to industry leaders, with empathy and excellent relational skills. We will all miss his presence and wish him a most enjoyable retirement.”

 

Okunbor said: “It has been an honour of a lifetime serving my country on a global platform offered by Shell. The Shell values of Honesty, Integrity and Respect for people have been useful in my modest contributions.”

 

A graduate of University of Benin in Business Administration, Okunbor joined Shell in 1986 and has served in Nigeria, the United Kingdom, Brunei and the Netherlands. He became Managing Director of the defunct Shell Petroleum Development Company of Nigeria Ltd (SPDC) and Country Chair, Shell Companies in Nigeria in 2015.

 

His previous roles include Vice President, Infrastructure and Logistics in Nigeria, Vice President Human Resources, Sub-Saharan Africa and Senior Advisor, Upstream International Operated Business.

 

Okunbor has also been a key player in the Nigerian energy industry, serving as two-term Chairman of the Oil Producers Trade Section (OPTS) of the Lagos Chamber of Industry. He received the H.E. Dr Alirio Parra Lifetime Achievement Award in the Nigeria Oil and Gas Industry in 2022, among several other honours.

Online Poster by — June 25, 2025 in Energy 0
Fidelity Bank Partners With Ashoka To Empower Young Innovators

By Amaka Obiefuna
L-R: Co-President, Ashoka Africa, Angelou Ezeilo; Divisional Head, Product Development, Fidelity Bank Plc, Osita Ede; Team Lead, Retail Banking, Fidelity Bank Plc, Onyeka Kurume; Winners, Changemaker Idea Pitch-A-Thon, Abule-Eko Community Junior Grammar School Pupils, District 2, Ikorodu Lagos; their Teacher, Alabi Felix; Project Coach, Opeoluwa Jamiu; Branch Leader, Fidelity Bank Plc, Festac, Ethel Genesis; and Regional Director, Ashoka Anglophone, West Africa, Josephine Nzerem; at the Ashoka Young Changemakers Festival in Lagos recently.
As part of its commitment to youth empowerment and social impact, leading financial institution, Fidelity Bank Plc has partnered with Ashoka, a global network of social entrepreneurs, to provide financial support and mentorship to young innovators across Nigeria.
Speaking at the 2025 Ashoka Young Changemakers Festival in Lagos, the Divisional Head, Product Development at Fidelity Bank, Osita Ede, reaffirmed the Bank’s dedication to youth empowerment, emphasizing its place as a pillar of the bank’s Corporate Social Responsibility (CSR) strategy.
“Empowerment is at the core of everything Fidelity Bank stands for,” Ede said. “Creativity and innovation are fundamental to our brand essence and that is why we are excited to support these young changemakers. Listening to their ideas today just validates the investments we have made to foster entrepreneurship and creativity.”
Ede confirmed the bank’s willingness to continue funding and supporting the dreams of young people, adding that the bank plans to offer innovators access to its SME Hub’s resources and specialized master classes designed to nurture their growth.
“We are not just funding initiatives; we are creating an enabling environment where these young innovators can thrive. Our SME Hub will serve as a platform to guide and mentor these changemakers, helping them develop the right mindset and business acumen to succeed,” Ede stated.
On her part, Josephine Nzerem, Regional Director, Ashoka Anglophone West Africa & Director, Venture and Talent, Ashoka Africa, expressed her appreciation for the partnership.
“We are excited to move beyond being just Fidelity Bank’s clients to becoming true partners in the change making movement,” Nzerem stated. “Their continuous support which includes funding for awards and gift packs for young innovators, is vital for sustaining this journey. We celebrate not only the Changemakers but also the process of empowering young people to scale their impact and inspire others.”
The Ashoka Young Changemakers Festival celebrates bold ideas, youth leadership, and innovation. The 2025 edition unveiled nine remarkable changemakers poised to transform Nigeria’s future. Together, Fidelity Bank and Ashoka are creating opportunities for young innovators to turn their ideas into solutions that can transform their communities and the world.
Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.
 The Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.
Online Poster by — June 25, 2025 in News 0
World Environment Day: Stakeholders At Unity Bank Webinar Demand Urgent Action On Plastic Pollution

By Winifred Bosa

The call was made at the event marking this year’s World Environment Day facilitated by Unity Bank’s Sustainability Team to fashion out innovative strategies to curb plastic pollution in Nigeria in line with this year’s global theme: “Ending Plastic Pollution.”

In his remarks, Mr. Usman Abdulkadir, Executive Director, Risk Management, Unity Bank Plc, reaffirmed the Bank’s commitment to sustainability, adding that issues like plastic pollution carry deep risk implications for businesses and communities.

“Environmental degradation is increasingly a business risk, not just a corporate social concern,” Mr. Abdulkadir stated. “We must all begin to view environmental stewardship as a duty that cuts across sectors – finance, government, industry, and civil society. Unity Bank remains committed to integrating ESG principles into its risk frameworks and sustainability agenda.”

Guest speakers included leading waste management entrepreneurs and environmental activists such as Sunday Kolawole Sholanke, Co-founder/CEO of PETsPoint Recycling Nigeria, and Omoh Alokwe, Co-founder/CEO of Street Waste Company Limited.

Speaking at the Webinar, Mr. Sholanke decried the alarming volume of plastic waste in Nigeria, putting estimates on the country’s waste generation to about 596 million metric tonnes annually, with 88% of it neither reclaimed nor recycled.

“Nigeria ranks as the 9th highest contributor to global plastic pollution. Much of Nigeria’s plastic waste ends up in landfills, drainage systems, and water bodies, causing extensive environmental damage and posing serious health risks,” he explained.

He also shared startling global statistics: “Over one million plastic bottles and 10 million plastic bags are produced every minute. In 2020 alone, eight million tons of plastic bottles were produced globally, with less than 30% collected and under 10% recycled. The rest is dumped, burned, or abandoned in the environment, worsening risks of flooding, climate disruption, and disease.”

He identified poor waste management culture, low public awareness, and lack of community collection infrastructure as major factors aggravating the Nigeria’s plastic waste crisis.

Calling on the financial services sector to be more proactive, Sholanke urged Banks to invest in green financing by increasing access to affordable credit for green businesses and eco-friendly initiatives.

Also speaking, Omoh Alokwe emphasized the role of regulators in strengthening enforcement and updating policy frameworks to reduce harmful practices that fuel the global plastic crisis.

Also speaking in the same vain, Mr. Ibukun Coker, Head of Strategy and Innovation at Unity Bank Plc emphasized the Bank’s commitment to sustainable practices and environmental protection, highlighting the role of the financial sector in driving meaningful change.

“Plastic pollution is not just an environmental issue, it is an economic and public health crisis,” said Mr. Coker. “At Unity Bank, we believe that sustainability should be more than a policy; it must be embedded in how we operate, the projects we finance, and the partnerships we build.”

The webinar offered a platform for robust dialogue around sustainable actions and innovative solutions that can mitigate the escalating threat of plastic pollution and promote environmental protection.

Unity Bank has consistently championed environmental causes, including its annual Earth Day partnerships with non-profits such as RESWAYE to clean the Royal Beach in Elegushi, Lagos, part of its mission to protect marine ecosystems. In its most recent Earth Day campaign, the Bank challenged every staff member across 32 states to plant a tree in their locality, driving a grassroots reforestation movement and reinforcing environmental awareness

Online Poster by — June 25, 2025 in News 0
IHS Nigeria , United Nations Global Compact Host Dialogue On Sustainability , Greener Business Practices In Nigeria

By Winifred Bosa

L-R: Group Head, Climate and Finance Sustainability, Bank of Industry, Lanre Babalola, General Manager, Regulatory Affairs, MTN Group, Oyeronke Oyetunde, Head of programmmes, UN Global Compact Network Nigeria, Gloria Okorie (Moderator), Director, Sustainability, IHS Nigeria, Titilope Oguntuga, Head, Corporate Sustainability and Responsibility Wema Bank, Abimbola Agbejule after their panel session on Collaborative Strategies for Greener Business Practices, Innovation and Sustainable Development at a private sector dialogue on Environmental Stewardship organised by the United Nation Global Compact Network Nigeria in Partnership with IHS Nigeria, in commemoration of 2025 World Environment Day.

IHS Nigeria, in collaboration with the United Nations Global Compact Network Nigeria, hosted a high-level private sector dialogue themed “Collaborative Strategies for Greener Business Practices, Innovation and Sustainable Development”.

 The event, held in Lagos, brought together key players from different sectors including finance, law, telecommunications, biodiversity, and corporate sustainability to explore actionable pathways to achieve meaningful environmental stewardship in Nigeria.
The panel session offered bold perspectives on integrating sustainability into business frameworks across different sectors, whilst dispelling myths, and highlighting opportunities for organizations, and calling for collective action from all players within the business value chain.
Delivering a keynote address, Titilope Oguntuga, Director, Sustainability at IHS Nigeria, emphasized the urgency of environmental consciousness:
“Sustainability is not a destination — it’s a collective journey.
It requires courage to transform, vision to lead, and collaboration to scale. Nigeria stands at a crossroads. We can either be overwhelmed by the risks or rise to become a beacon of green innovation and inclusive growth in Africa. The choice is ours — and the time is now.”
Sylvie Josel, Lead, Biodiversity and Nature-Based Solutions at the United Nations Global Compact, joined virtually from New York and spotlighted nature as a strategic asset:
“Nature must no longer be treated as an afterthought. It underpins everything, from human rights to supply chains.
 Embedding biodiversity into a company’s core strategy isn’t just a risk mitigation measure; it’s a smart, future-forward business imperative”
Lanre Babalola, Group Head, Climate Finance and Sustainability at the Bank of Industry (BOI), provided insights into how BOI is funding sustainable ventures and driving innovation:
“We look beyond profitability; we look at environmental and social impact. Whether it’s plastic roads, biogas, or solar transitions, we support businesses that are not only bankable but capable of reshaping the future.”
From the legal perspective, Oyeronke Oyetunde, General Manager, Regulatory Affairs, MTN Group, drew attention to the regulatory challenges hindering sustainability adoption:
“Our legal frameworks are trailing behind today’s sustainability realities. We need forward-thinking laws, reduced regulatory silos, and incentives that reward the right behavior. Sustainability can’t thrive where enforcement is weak, and taxation is excessive.”
Abimbola Agbejule, Head, Corporate Sustainability and Responsibility at Wema bank, spoke passionately about inclusiveness in sustainable development:
“You don’t need to start big to make impact. MSMEs make up a huge part of our economy. Sustainability should be embedded in their day-to-day activities, and we must democratize access to knowledge, tools, and partnerships.”
The session was moderated by Gloria Okorie, Head of Programs at the United Nations Global Impact Center.
The event closed with a resounding call to action for stronger legal frameworks, deeper collaborations, and inclusive capacity building across sectors.
The event further reinforces IHS Nigeria’s position as a leader in corporate sustainability and innovation in Nigeria.
“At IHS Nigeria, we recognize that true progress happens when sustainability is not an obligation, but a culture, lived every day, across every unit,” Titilope Oguntuga added.
Through initiatives like this dialogue, IHS Nigeria and its partners continue to champion solutions that protect the planet, empower people, and ensure long-term business viability.
Online Poster by — June 25, 2025 in News 0