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TRANSCORP PLC AGRIBUSINESS SUBSIDIARY INVESTS IN INTERNATIONAL GRADE EXTRACTION CUP

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Emmanuel-N-Nnorom

Emmanuel-N-Nnorom

Transnational Corporation of Nigeria Plc (Transcorp) announced today that its agribusiness subsidiary Teragro Commodities Limited has acquired and installed extraction cup technology, instantly enabling the company to deliver superior quality juice concentrate that meet international quality standards.

 

“The extraction cup revolutionizes our production process and ensures that concentrates we produce will pass even the most stringent international standards,”  Teragro CEO Dupe Olusola said. “This investment elevates us to the top of local concentrate producers and ensures that Teragro is able to compete with any international concentrate producer from Spain, Brazil, the United States and more.”

 

Teragro processes orange and pineapple concentrates, mango purées and orange-peel oil for industrial markets in a 26,500mn TPA capacity plant called Teragro Benfruit Plant in Benue State.

 

In addition to helping Teragro products meet international quality standards through tests conducted in International labs in Brussels and France, the new technology increases the capacity of Benfruit Plant.

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Transcorp Plc CEO Emmanuel N. Nnorom stressed the importance of this investment for Teragro, saying, “We have received positive commendation from our biggest customers. The acquisition represents a clear commitment to meeting their requirements and ensuring that the country’s largest beverage manufacturers have local suppliers with the highest quality products on offer.”

 

Teragro is committed to alleviating poverty, creating employment and economic growth through investment in agriculture. The company recently signed a memorandum of understanding (MoU) with the Benue State government to lease land to establish citrus farms with improved varieties of citrus fruitsand to diversify crops. In addition, it continues to invest in capacity building for farmers as part of its Africapitalist commitment to doing well for investors, while doing good for the community.

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About Teragro Commodities Limited

Teragro Commodities Limited is the agribusiness subsidiary of Transnational Corporation of Nigeria Plc.  We leverage on advanced technology in food processing to produce high quality agricultural products including orange and pineapple concentrates, mango purees and orange peel oil for industrial markets. Visit http://http://transcorpnigeria.com/agriculture

 

 

About TranscorpPlc

Transnational Corporation of Nigeria Plc (Transcorp) is a leading diversified conglomerate. We focus on acquiring and managing strategic businesses that create long-term shareholder returns and socio-economic impact. Our business interests are in four strategic sectors: Power, Oil & Gas, Hospitality and Agriculture. Transcorp has a shareholder base of about 300,000 investors, the largest of which is Heirs Holdings Limited, an African proprietary investment company. Visit: http://transcorpnigeria.com @TranscorpPLC

 

 

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UBA Staff Across Africa Give Back at UBA Foundation’s Each One, Teach One Initiative

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UNIBEN Alumni

UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, on Friday held the 2019 edition of its annual Each One, Teach One initiative, hosting a huge impact day in Nigeria and across all its subsidiaries in Africa.

The Each One, Teach One initiative is part of UBA Foundation’s activities where the bank’s staff members give their time and skills to the communities around them. All across the continent, staff of the pan- African bank were seen within their communities, teaching and assisting the less privileged, especially students and people living with disabilities.

The Executive Director, Lagos and West Bank, Marketing, Mr. Ayoku Liadi, who represented UBA’s Group Managing Director, and the Chairman of UBA Foundation, Mr. Kennedy Uzoka, at the event in Lagos, expressed his excitement over the initiative, adding that as a corporate entity, UBA, through its Foundation has decided to give back as a family, starting by impacting knowledge and skills to students and participants.

Liadi said, “Our goal with this initiative which is in its second year, is to help the under privileged and young children learn vocational skills that will assist them along the path to financial freedom as they start businesses of their own. We have therefore, created a platform to encourage people who have various skills and talents to pass this on to the younger generation.

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Liadi also seized the opportunity to give the participants a short lecture about financial literacy, noting that it is important for students to embrace the culture of being financially cautious from a tender age.

He said, “At UBA, we want students to inculcate the habit of savings, especially for the rainy day. It is important that you are cautious about the future, because nothing is guaranteed. Therefore ensure that you bear this in mind when you receive your pocket money and allowance no matter how little; because when you save today, it will go a long way to help you tomorrow, “Liadi told the students who filled the Onikan Youth Centre.

Students from Modupe Cole Memorial Childcare and Treatment Home; Standard Hallmark College, Mushin; Child Life-Line,Lagos and Moyin Rainbow Foundation, Lagos; were some of the students who participated at the event.

The Chief Executive Officer, UBA Foundation, Mrs. Bola Atta, who threw more light on the initiative stated that it is aimed at helping to impact lives positively and in a very meaningful way. She added that the initiative, which was going on simultaneously in 20 countries across Africa, was being driven by UBA staff members who were very happy to give back to the society.

“At UBA Foundation, we are constantly being asked by other staff members how they can help. A lot of people are genuinely interested in doing good. With the Each One Teach One initiative, you don’t need a huge sum of money, you just need to give of your time and talent to at least one other person. It is simple. It is effective and the impact is ginormous imagine how many people across 20 countries in Africa benefitted today from someone just taking a little time to help them acquire new skills or hone old ones. There is something really gratifying about giving back. It helps the communities and helps you grow as an individual.’ Said Atta

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Thousands of UBA staff members across Africa voluntarily committed their time today to teaching youths various activities such as foreign languages, photography, tae kwon do, fashion design, martial arts, first aid, coking, hair dressing, mathematics, reading, music and much more.

UBA, Africa’s global bank, is committed to being a socially responsible company and role model for all businesses in Africa. UBA recognises the need for a social contract between the bank, the community and its people.

As the Corporate Social Responsibility arm of the UBA Group, UBA Foundation is committed to the socio-economic improvement of the communities in which the bank operates, focusing on development in the areas of Environment, Education, Economic Empowerment and Special Projects.

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FCMB Increases Outlet With Ultra-modern Branch In Ondo City

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FCMB

In line with its customer-centric and strategic expansion programme which aims at making its excellent services accessible to more individuals and businesses, First City Monument Bank (FCMB), has opened a new ultra-modern and full-service branch in Ondo City, Ondo State.

 

The new branch, which was commissioned at an impressive ceremony on December 12, 2019, is located at 15, Yaba Street in Ondo city. The location of the branch takes into consideration convenience for FCMB’s customers and others who live or operate businesses in Ondo City, Ore, Ile-Oluji, Oke-Igbo, and neighbouring areas. The Bank currently has 206 branches spread across Nigeria and three are in Ondo state.

 

The branch in Ondo City is equipped with unique physical and technological infrastructure to ensure convenient transactions and sundry financial service delivery to existing and potential customers in a relaxed and tranquil environment.

 

Speaking on the development, the Managing Director of FCMB, Mr. Adam Nuru, described the development as another turning point in the commitment of the Bank to bring banking closer to the populace and promote financial inclusion in a manner that would positively impact on their individual and business aspirations.

 

Mr. Nuru, who was represented at the ceremony by the Regional Head, South-West, Mr. Adelaja Adeleye, said, “with a robust product suite for businesses and individuals and our award-winning service culture, we intend to leverage these capabilities by investing extensively in some channels to reach more customers. Today, our customers are embracing these alternative channels such as mobile and internet banking, at an impressive rate, whilst others who prefer human interaction when banking still need the reassurance a physical branch offers. Our new Ondo town branch gives this reassurance as it is well-equipped to further enhance the experience of our customers’’.

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He reiterated that FCMB will continue to raise the bar in the way customers are served and the kind of environment under which such services are provided to meet their respective lifestyles.

 

On his part, the Group Head, Branch Service of FCMB, Mr. Ademola Idowu, said, ‘’our new Ondo town branch, like other branches of FCMB across Nigeria, brings with it something special in terms of structure and aesthetics. Part of our commitment to promoting a cleaner and greener environment is by use of renewable energy and in this new branch, we have adopted solar technology which is a clean energy solution that produces minimal waste. It is non-pollutant and great for the environment’’.

 

Mr. Idowu, added that ‘’the Branch will also offer excellent services provided by our team of professionals. We are committed to scaling our operation, building the requisite capabilities while deploying the best ways to simplify banking for customers who use our robust technology platform’’.

 

In his address, the Governor of Ondo State, Mr. Rotimi Akeredolu, commended FCMB for its giant strides and contributions to the development of the State and Nigeria in general.

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The Governor, represented by the Commissioner for Finance, Mr. Wale Akinterinwa, said, “it is gratifying that FCMB has further cemented its place in the economic development of Ondo City by moving to its own structure. The fact that the Bank has been in existence for 36 years and consistently performed creditably is a confirmation of the quality of its management. We want the Bank to develop products and services that will further promote financial inclusion and access to funds. Ondo State government will continue to work with FCMB to ensure that it contributes more to the development of the people and the state in general”.

 

Also speaking, the Osemawe and Paramount Ruler of Ondo Kingdom, Oba Victor Kiladejo, said, “we are happy with the feats attained by FCMB and considering Ondo City as a worthy place to align with. We want the Bank to do more in empowering our people and engage in CSR activities. Ondo Kingdom and our people are ready to collaborate more with the Bank, especially in the area of support to Small and Medium Scale Enterprises. We pray that FCMB will continue to grow and remain a partner in progress’’.

 

For more information about FCMB, please visit www.fcmb.com.

 

See pictures from the launch below:

(more…)

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FIRSTBANK ANNOUNCES THE APPOINTMENT OF ALHAJI ADO YAKUBU WANKA AS NON-EXECUTIVE DIRECTOR

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ADO YAKUBU WANKA

First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, today announced the appointment of Alhaji Ado Yakubu Wanka as Non-Executive Director.

 

Speaking on his appointment, Dr. Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said, “We are delighted to welcome Alhaji Ado Yakubu Wanka, to the FirstBank Board. We are especially excited that he is bringing a combination of complementary skills and rich experience to the table which will no doubt enhance the quality of governance towards meeting our strategic goals. 

Alhaji Ado Yakubu Wanka attended Government Secondary School, Bauchi (1966 – 1970), Federal School of Science, Lagos (1971 – 1973), holds a B.Sc. in Chemical Engineering from Ahmadu Bello University, Zaria (1973 – 1977) and an MBA from the same institution (1982 –1984). He is also an alumnus of the Harvard Business School and Switzerland’s Institute of Management Development, Lousanne. Alhaji Wanka served in the National Youth Service Corps (NYSC) as a graduate assistant with the Department of Chemical Engineering, Obafemi Awolowo University (OAU), Ile Ife. Thereafter, he started his managerial career as a young process engineer with Ashaka Cement Company Plc where he rose to the position of Deputy Production Manager

After completion of his MBA degree, Alhaji Wanka acquired further managerial competence during his stay with the Northern Nigeria Development Company (NNDC), Kaduna. During the period, he participated actively in new business development and monitoring of NNDC’s quoted and unquoted investments and left as Principal Investment Executive.

Alhaji Wanka began his banking career in April 1988 with the then Nigerian International Bank (Citibank Nigeria) where he served for six months as Deputy Manager. He was with the FSB International Bank Plc from 1991 to 1997 and rose to become Executive Director. He assumed duty as the MD/CEO of the then Gamji Bank Limited in 1997, moved to First Bank of Nigeria Plc in 1998 as Executive Director, where he spent about eight (8) years. In between his banking career, Alhaji Wanka spent three years in the Nigerian National Petroleum Corporation (NNPC) – September 1988 to April 1991 – where he was Acting Head, New business Development Unit and later Head, Strategic Planning Unit of the Corporation.

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With experience in Corporate and Investment Banking, he served in various capacities in other organisations, most notably as Executive Director, Finance and Administration and also, Chairman of the Board of the Nigeria and Sao Tome Joint Development Authority (an agency which oversees the commercial exploration of mineral resources in the Joint Development Zone covering the overlapping maritime boundary between Nigeria and Sao tome & Principe).

Alhaji Wanka joined Unity Bank in March 2008 as a Group Executive Director, initially in charge of Retail Banking and later Risk Management & Control Directorates. He retired in August 2013, after serving as the Bank’s Managing Director for two (2) years.

Alhaji Wanka is currently the Chairman, APT Securities and Funds, APT Pension Fund Managers and Director, Arewa Metal Containers (ARMECO) Ltd.

Alhaji Wanka is a fellow of Chartered Institute of Bankers of Nigeria (CIBN); Nigerian Institute of Management (Chartered) (NIM); Nigerian Society of Chemical Engineers (NSCHE); Institute of Chartered Management Accountants (ICMA) and Institute of Credit Administration (ICA). He is also an Honorary Fellow of the Nigerian Chemical Society and a member of the Institute of Directors (IoD).

About First Bank of Nigeria Limited

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading banking services solutions provider in Nigeria for 125 years. With some 17 million customer accounts, FirstBank provides a comprehensive range of retail and corporate financial services with over 38000 business locations. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.

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Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management, and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and “Best Bank in Nigeria” by Global Finance for 15 years. Our brand purpose is to always put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of first choice in building your future”. Our brand promise is to always deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership, and people, to position You First in every respect.

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