General
FG to Ban Ozone-Depleting Refrigerators, Generators
By Adedapo Adesanya
The federal government has announced plans to ban all ozone-depleting substances in accordance with the Montreal Protocol agreement to which Nigeria is a signatory by January 1, 2023.
Mr Oladipo Supo, the Environment Unit of the United Nations Development Programme (UNDP), said this at the stakeholders’ workshop for the Validation of the Draft National Cooling Plan, in Abuja.
These substances include refrigerators, air conditioners, generators, water dispensers, and photocopiers.
The Montreal Protocol is an international treaty designed to protect the ozone layer through the phasing out of the production of numerous substances believed to be responsible for the layer ozone depletion.
Mr Supo said that Nigeria had delayed implementing the agreement because it had not been able to get alternatives for the ozone-friendly substances.
“We started with Hydrochlorofluorocarbons (HCFCs) and now we will replace them with hydrofluorocarbons (HFCs) which is where we are today.
“Under the Montreal Protocol Agreement, the idea is that some of these ozone-depleting substances are actually eliminated from use.
“Nigeria has committed itself because it is part of the signatory. We are looking at January 1, 2023, when some of these substances will not be allowed into the country anymore.
“In the refrigerating sector, we only have technicians. The people that actually use them are technicians on the street.
“You remember some time ago, some air conditioners blew up in Ogun.
“It was because of all these contaminated things and recycled ACs that are not supposed to be in circulation,” he said.
Mr Supo said that the Federal Ministry of Environment was trying to ensure that the alternatives were available before the year 2023 when the banning of the items would commence.
According to him, the country cannot ban something when the alternative is not yet available.
On his part, the Minister of Environment, Mr Mohammed Abdullahi, blamed some developing countries that use refrigerants with high ozone-depleting potential such as hydrochlorofluorocarbons.
According to him, emissions are projected to amount to approximately 8.97 gigatons of carbon dioxide equivalent by 2050 and contribute to global warming and climate change.
The minister, who was represented by Mr Charles Ikedea, the Director of Pollution Control of the ministry, said that the emissions were both direct and indirect.
“Direct emissions are refrigerants-related emissions from refrigeration and air conditioning equipment during installation, maintenance, repair and servicing.
“Indirect emissions are energy consumption of appliances-related emissions due to huge electricity consumption of refrigeration and air conditioning equipment,” he said.
He, however, advised Nigerians to keep their environment clean and healthy, adding that such would promote the development of the country.
General
NECA’s Annual Retreat for Business Managers, Executives Holds April 16
By Aduragbemi Omiyale
The annual retreat for business managers and executives organised by the Nigeria Employers’ Consultative Association (NECA) will take place from April 16 to 18, 2026, at the AAE & T Hotel, Kuto, Abeokuta, Ogun State.
This year’s edition is themed The Resilient Enterprise, People and Systems: Building and Managing Businesses that Outlive Seasons, Cycles and Crises.
The programme aims to equip leaders with the insights, tools, and networks required to build resilient organisations in an increasingly complex business environment.
It will provide a unique platform for executive-level engagement through high-level conversations, peer learning sessions with experienced leaders, strategy reflection workshops, and curated networking opportunities.
Expected to attend are industry leaders, senior executives, and business managers from across sectors. They will explore strategies for sustaining organisational performance through leadership transitions, economic cycles, regulatory shifts, and market disruptions.
Participants will also benefit from interactive discussions focused on strengthening corporate governance, developing agile leadership capabilities, and building organisational systems that can withstand periods of uncertainty and transformation.
A notice from NECA said the event is open to both members and non-members, with participation fees set at N300,000 for members and N320,000 for non-members. Discounts will also be available for Gold and Silver members, subject to applicable terms and conditions.
Interested participants are encouraged to register via the official registration link to secure their place at the retreat, which promises to deliver valuable insights and connections for executives seeking to build enterprises capable of thriving through seasons of change and uncertainty.
The Director-General of NECA, Mr Adewale Smatt-Oyerinde, noted that by convening business managers and senior executives in a collaborative learning environment, the association aims to contribute to the development of stronger, future-ready enterprises that can drive economic growth, create jobs, and support national development even in the face of evolving global and local challenges.
He added that the retreat will provide executives with the opportunity to step away from daily operational demands and engage in deeper strategic conversations with peers and industry experts.
“The theme of this year’s retreat speaks directly to the realities businesses face today. Across sectors, organisations are navigating leadership transitions, regulatory shifts, economic pressures, and technological disruption.
“What distinguishes enduring enterprises is their ability to build strong systems, develop capable leaders, and create organisational cultures that can adapt and respond effectively to change,” the NECA chief said.
General
Egbin Power Commissions 80 New Staff Housing Units
By Modupe Gbadeyanka
In further demonstration of its unwavering commitment to its workforce, Nigeria’s foremost power generation company, Egbin Power Plc, has unveiled 80 new residential housing units for employees within its plant premises in Egbin, Lagos State.
This comprises 40 fully furnished three-bedroom apartments and 40 furnished studio apartments, all designed to contemporary standards.
The units feature modern infrastructure and thoughtfully planned utilities, creating a safe, comfortable, and conducive living environment that supports both employee productivity and family well-being.
This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence.
The new housing units are part of a holistic strategy to cultivate a stable, motivated, and future-ready workforce.
This strategy extends beyond infrastructure to encompass robust career development and recognition. Over the past three years, Egbin Power has promoted 112 employees across various cadres, reinforcing a culture that rewards merit, performance, and long-term dedication
“At Egbin Power, our people are our most valuable asset. Even amidst the prevailing liquidity and operational realities within the broader power sector, our focus on employee welfare has remained deliberate and consistent.
“This significant expansion of our residential estate is a tangible expression of that commitment.
“It is one of several key initiatives aimed at ensuring our employees feel genuinely supported, allowing them to thrive both personally and professionally,” the chief executive of Egbin Power, Mr Mokhtar Bounour, said.
Initiated in 2025 and completed in January 2026, this project is the latest milestone in Egbin Power’s structured and ongoing approach to enhancing employee welfare. It reflects the energy firm’s dedication to fostering a culture where every team member feels valued, secure, and motivated.
General
NGX Group, CSCS, WIMBIZ to Ring Bell for Gender Equality
By Aduragbemi Omiyale
On Tuesday, March 10, 2026, at the Nigerian Exchange Group House in Lagos, the role of capital markets in promoting gender equality will be reemphasised through the closing gong ceremony in commemoration of International Women’s Day 2026.
The ceremony is part of the global Ring the Bell for Gender Equality campaign, which mobilises stock exchanges worldwide to expand women’s participation in the economy and advance gender-inclusive practices.
In Nigeria, the NGX Group is partnering with the Central Securities Clearing System (CSCS) Plc and Women in Management, Business and Public Service (WIMBIZ) to make it memorable under the theme Rights. Justice. Action. For ALL Women and Girls.
Dignitaries expected at the ceremony include the Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu; the First Lady of Imo State, Mrs Chioma Uzodimma; the Executive Commissioner for Legal and Enforcement at the Securities and Exchange Commission (SEC), Ms Frana Chukwuogor; foremost actor, Ms Funke Akindele; a Director at the NGX Group, Ms Ojinnika Olaghere; and another staffer of NGX Group, Mrs Fatima Wali-Abdulrahman, alongside board members of NGX Group, regulators, capital market stakeholders, and industry leaders.
NGX Group is joining other exchanges worldwide in sounding the NGX Gong to underscore the importance of inclusive leadership, equal opportunities, and stronger market accountability in advancing gender equality.
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