Environmentalist Lauds Unity Bank’s Sustainability Initiatives

Image

By Modupe Gbadeyanka

A renowned environmentalist, Mr Desmond Majekodunmi, has applauded Unity Bank Plc for its consistent environmental sustainability initiatives and programmes aimed at protecting the planet Earth.

According to the nature park promoter, Unity Bank’s commitment to environmental protection through consistent investment in sustainability programmes and initiatives has set the institution apart.

Mr Majekodunmi is the founder of Lufasi Nature Park, Lagos, Nigeria’s only urban forest reserve.

He praised the lender at its Beach Cleaning and Tree Planting exercise held to commemorate World Earth Day 2023.

Recall that this year’s edition of the Beach Cleaning exercise makes it the third year in a row that Unity Bank is holding the volunteer initiative, being an activity lined up to commemorate World Earth Day.

Unity Bank has partnered with three non-government organisations, Recycling Scheme for Women and Youth Empowerment, RESWAYE, MEDIC and KBG, to promote environmental sustainability through the Beach Cleaning Initiative.

Mr Majekodunmi joined no fewer than 200 volunteers, inclusive of members of the staff of Unity Bank, the RESWAYE team and the Lagos Kids Beach Garden within the Oba Elegushi beach environs who participated in the cleaning exercise.

The volunteers picked and removed over 100,000 plastic bottles from the beach to rid the beach and ocean of plastic waste and reduce pollution.

Also, as featured in the previous editions, the bank carried out a tree-planting exercise in 23 locations across the country, with members of staff participating in planting at least one tree in each of the locations.

Speaking at the event, the Divisional Head, Resources, Unity Bank Plc, Mr Hillary Ajuebon, said that the World Earth Day initiatives had become a core focus of the Bank’s Corporate Social Responsibility to promote climate action and reduction of environmental pollution.

Citing recent reports on ocean pollution, he decried gloomy statistics stating that “of the over 380 million tons of plastic produced globally every year, about 10 million tons of plastic waste escapes into the oceans from different coastal plains.

“There are 5.25 trillion pieces of plastic waste estimated to be in our oceans. While 70 per cent of the debris sinks into the ocean’s ecosystem, 15 per cent floats, and 15 per cent lands on our beaches.”

While noting that plastic pollution has become one of the world’s most pressing environmental issues, he said Unity Bank would continue to join collaborative efforts to eliminate plastic pollution in our oceans.

Mr Ajuebon further recalled that in addition to the Beach Cleaning and Tree Planting exercise, the bank had, throughout April, embarked on aggressive sensitization on environmental sustainability, reinforcing the bank’s culture of prioritizing sustainable practices, adding that the bank has over time promoted corporate and business philosophy that encourages low paper usage, recycling and adoption of renewable energy through increased investment in solar-powered branches and ATMs.

Share
Related Stories
Image
12-September-2023

UBA Raises Interim Dividend Payout by 150% After 438% Leap in H1 2023 Profit

By Aduragbemi Omiyale The board of United Bank for Africa (UBA) Plc has raised the bar in the interim dividend payout for the first half of 2023, increasing it to 50 Kobo from 20 Kobo in the same period of 2023. This was after the bank recorded triple-digit growth in the bottom line, as the profit before tax (PBT) jumped by 371 per cent to N404 billion from the N85.75 billion recorded in the first half of 2022, translating to an annualised Return on Average Equity of 57.7 per cent as against 17.1 per cent a year earlier, as the

Image
14-September-2023

Afreximbank Grows Total Interest Income by 107.1% in H1’23

By Adedapo Adesanya The African Export-Import Bank (Afreximbank) recorded a 107.1 per cent growth in total interest income to $1.1 billion for the half-year of 2023 versus $540.8 million in the same period of 2022. This was contained in the consolidated financial statements of the bank and its subsidiaries for the half year ended 30 June 2023, which demonstrates a strong and resilient performance, which was ahead of expectations due to global headwinds. The growth in its total interest income came as a result of increased volume of interest-earning assets, particularly loans and advances and higher interest rates. Afreximbank Group’s

Image
13-September-2023

Smartcash Partners Simba Pay on Seamless Diaspora Remittances

By Modupe Gbadeyanka A partnership will enable customers to receive remittances from anywhere in the world, directly into their Smartcash Payment Service Bank (PSB) has been entered into with Simba Pay Limited, a subsidiary of MFS Africa. A statement from the firm explained that Smartcash customers can instantly receive international funds directly into the account by simply sharing their phone numbers, which also serve as their account numbers. Smartcash PSB, a subsidiary of Airtel Networks Nigeria, was launched in 2022, after obtaining an operating licence by the Central Bank of Nigeria (CBN) to provide financial services to unbanked persons in

Image
21-September-2023

Houston Texas Mayor Endorses Fidelity Bank’s Trade Expo

By Aduragbemi Omiyale The forthcoming trade expo organised by Fidelity Bank Plc has received the endorsement of the Mayor of Houston Texas, Mr Sylvester Turner. Mr Turner, in a short video, highlighted the several side attractions scheduled for FITCC Houston and encouraged businesses to take advantage of the expo to expand their businesses beyond borders. He described the event as “A catalyst to support bilateral trade between Nigeria and Houston; and an opportunity for the Houston community and the diaspora to explore emerging trends, forge new partnerships and unlock new possibilities.” The Nigerian lender will, on Tuesday, October 24 and

More Stories
Image
08-December-2016

$1b Euro Bond: FG Okays Transaction Managers

By Modupe Gbadeyanka The Federal Government has approved the appointment of the transaction parties for $1 billion euro bond issue. Minister of Finance, Mrs Kemi Adeosun, made this known when she addressed newsmen on Wednesday at the end of the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari at the Presidential Villa in Abuja. She explained to journalists that the bond would serve as financial base for the implementation of 2016 budget. While addressing newsmen alongside Minister of Environment, Mrs Amina Mohammed and that of Information and Culture, Mr Lai Mohammed, Mrs Adeosun noted that the participating

Image
30-January-2020

LASEMA Reveals Cause of Balogun Market Fire

By Adedapo Adesanya  The Lagos State Emergency Management Agency (LASEMA) has revealed the cause of the early morning fire that occurred at the Balogun Market on Lagos Island on Wednesday. General Manager of LASEMA, Mr Femi Osanyintolu, said yesterday that after a preliminary investigation by the response agency, it was discovered that the unfortunate incident was caused electricity generating set. According to him, the fire began when a trader at the market was trying to refuel the generating set while still operational and a spill from the highly inflammable liquid content ignited the inferno, which destroyed properties at the busy

Image
10-January-2022

PennyTree Launches Digital Training Platform to Tackle Youth Unemployment

By Adedapo Adesanya PennyTree, a gamified digital lifestyle platform, has launched an Exclusive Associate Program for young people to help tackle the issues of unemployment and unemployability in Nigeria. According to the company, Chairman of the Presidential Economic Advisory Council and recently appointed Chief Economic Adviser to the President (CEAP), Mr Doyin Salami, had projected Nigeria’s unemployment rate to hit 40 per cent by the end of 2021. However, using this experimental financial inclusion and behavioural learning programme, it will help participants to increase their chances at employment as well as help impact the needed qualities and skills. The course

Image
08-April-2017

UBA Shareholders Okay N19.9b Dividends for 2016

By Dipo Olowookere Shareholders of United Bank for Africa (UBA) Plc have approved the payment of N19.9 billion final dividend declared by the financial institution for the year ended December 31, 2016. This was done at the company’s 55th Annual General Meeting (AGM) held on Friday, April 7, 2017, in Lagos. During the meeting, the shareholders commended UBA for the dividend declared despite the challenging operating environment last year, stressing that its earnings, profit before tax and capital adequacy ratio were impressive, irrespective of economic headwinds. With the approved dividends, shareholders will have 55k per share, compared with the 40k

Image
28-April-2021

Total Halts €20bn Gas Project in Mozambique

By Kester Kenn Klomegah The French energy giant, Total, has finally announced the suspension of its gas project and that will leave an immeasurable impact on the economy of Mozambique. The Mozambican government has largely failed with its security policy and ignored experts’ advice on security after several warning issued after militant bloody attacks bloody in 2017 by a group known locally as al-Shabab. Experts also attributed attacks to governance deficit and disparity in development in northern Mozambique. Its scale raised doubts over the viability of the biggest single investment in Africa even before the latest raid. March’s attack on

Image
21-April-2017

Dakuku Peterside Elected AAMA President

By Dipo Olowookere On Friday, April 21, 2017, Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr Dakuku Peterside, was elected the new Chairman and President of the Association of African Maritime Administrations (AAMA). Since April 19, 2017, maritime administrators from 32 countries had been in Abuja for the third edition of AAMA conference. Today, the event came to a close and the NIMASA boss was elected President of the association, still having its secretariat in South Africa. Mr Peterside is taking over from Mr Sobantu Tilayi, who is presently the Acting Chief Executive Officer of the South

Image
04-April-2023

CSCS, Two Others Lifts Unlisted Securities Trading Platform by 0.47%

By Adedapo Adesanya The unlisted securities trading platform in Nigeria, the NASD Over-the-Counter (OTC) Securities Exchange, appreciated by 0.47 per cent on Monday, which was also the first trading session of April 2023. The growth witnessed by the alternative bourse was triggered by the trio of Niger Delta Exploration and Production (NDEP) Plc, Central Securities Clearing System (CSCS) Plc, and FrieslandCampina Wamco Nigeria Plc. NDEP Plc gained N10.00 during the session to trade at N215.00 per share versus last Friday’s N205.00 per share, CSCS Plc rose by 49 Kobo to N15.35 per unit from N14.86 per unit, while FrieslandCampina improved

Image
07-May-2020

Promasidor Nigeria Donates N280m to Fight COVID-19

By Adedapo Adesanya Promasidor Nigeria Limited has joined the COVID-19 fight with donations worth N280 million made in cash contribution as well as donation of its food products. The food company donated N200 million cash for the exclusive purchase of equipment and the setting up of isolation centers required in the nationwide fight against COVID-19 through the Nigeria Private Sector Coalition against COVID-19 (CACOVID). In addition, it also donated some of its products worth over N80 million to Lagos and Ekiti State governments respectively. The Managing Director of Promasidor Nigeria Limited, Mr Anders Einarsson, in a statement said the palliative

Ad
Ad
Recent Stories
Image
01-October-2023

Boosting Website Performance: Tips for Speed and Efficiency

By Rahul Baitha In today’s digital age, where instant gratification is the norm, website performance plays a critical role in delivering a positive user experience. Visitors expect websites to load quickly and respond seamlessly to their interactions. If your website lags or stumbles, you risk losing valuable traffic and potential customers. As a web designer or business owner, optimizing your website’s performance should be a top priority. In this comprehensive guide, we’ll explore essential tips and techniques to boost your website’s speed and efficiency. Understanding Website Performance Before diving into optimization strategies, it’s essential to grasp the fundamentals of website

Image
01-October-2023

NDLEA Nabs Suspected Kingpin in UK Drug Export Bust

By Adedapo Adesanya The National Drug Law Enforcement Agency (NDLEA) has arrested a suspect wanted for attempts to ship illicit drug consignments to the United Kingdom. This was made known in a statement signed by the NDLEA spokesman, Mr Femi Babafemi, on Sunday. He further disclosed arrests made by NDLEA operatives through interdiction operations that led to the seizure of four tons of illicit substances in the past week. According to the agency, the suspect, Mr Obiorah Chigozie, had been on its wanted list since September 15. This, he said, was when a consignment of 1.500kg skunk concealed in flour

Image
01-October-2023

BUA Cement Slashes Ex-Factory Prices to N3,500

By Aduragbemi Omiyale The management of BUA Cement Plc has announced a reduction in the prices of its cement from its factory without the transportation costs to N3,500 per bag (50kg). The cement maker confirmed this development in a statement issued on Sunday, noting that it was part of efforts to make sure customers get the products at cheaper prices. In the statement, BUA Cement disclosed that the slash in cement prices is from Monday, October 2, 2023, urging its distributors not to fleet the end users. The firm said, “All pending, undelivered orders which had been paid for at

Image
01-October-2023

NITDA Opens Applications for Tech Accelerator Fellowship

By Adedapo Adesanya The federal government through the National Information Technology Development Agency (NITDA) has opened applications for a tech startup accelerator fellowship program to empower Nigerians with innovative ideas. The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, said the preparations for the training commenced in August with a meeting of stakeholders in tech to co-create innovative ways to achieve the target. He added that the meeting was the first in a series of ecosystem engagements to ensure that the government gets the best solutions from within. The new initiative from the NITDA is part of the

Image
01-October-2023

Nigeria @ 63: Tinubu Promises Relief in First Independence Broadcast

By Adedapo Adesanya The President of Nigeria, Mr Bola Tinubu, has promised relief amid reforms that have increased hardships among Nigerians in his first Independence Day broadcast on Sunday. Nigeria is marking her 63rd Independence anniversary. Speaking during a brief broadcast, President Tinubu said his reforms, including fuel subsidy removal and unification of exchange rates, have come with some effects, which he admitted were painful but are needed. He announced that small businesses would get much support while an additional N25,000 would be given to low-income earners for six months to cushion the hardship. Mr also promised housecleaning at the

Image
30-September-2023

Mediacraft Associates Employees Get 25% Pay Rise

By Modupe Gbadeyanka The salaries of employees of Mediacraft Associates Limited, a leading Nigerian full-service Public Relations and Integrated Brand Communications Consultancy firm, have been increased by 15 and 25 per cent. This was confirmed by a statement from the organisation as it celebrates its 20th anniversary this year. It was disclosed that the gesture was to reward the efforts of the workers toward the growth of the company and to cushion the current hardships in the country due to the removal of petroleum subsidy. According to the chief executive of Mediacraft Associates, Mr John Ehiguese, the salary increase had

Image
30-September-2023

Are Audio Streaming Platforms in Your Marketing Mix? They Should be

By Mark Redguard Walk down the streets of any major city around the world and take a look at all the people you pass along the way. Chances are you’ll see more people wearing earphones and headphones, in all of their shapes and sizes, than not. Most of those people, whether they’re consuming music or podcasts, will be listening through an audio streaming platform. In fact, Spotify’s 500 million-plus users spent more than 132 billion hours streaming audio on the platform in 2022.  And that’s just Spotify. Factor in other platforms, including the likes of Mdundo and Audiomack, and the

Image
30-September-2023

Unlisted Stock Investors Grow Market to N1.105trn

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange rose by 0.38 per cent on Friday, September 30, with N4.16 billion added to the value of the bourse, closing at N1.105 trillion compared with Thursday’s value of N1.101 trillion. The market witnessed the improvement a day after the shares of VFD Group were yanked off the trading platform, with the NASD Unlisted Securities Index (NSI) closing higher by 3.06 points to settle at 815.65 basis points versus the previous day’s 812.59 basis points. There were three gainers led by FrieslandCampina Wamco Nigeria Plc, which improved by N1.31 to close at

Image
30-September-2023

Naira Appreciates on Dollar Across FX Market Segments

By Adedapo Adesanya The Naira appreciated against the US Dollar in the Investors and Exporters (I&E), the Peer-to-Peer (P2P), and the black market arms of the foreign exchange (forex) market on Friday, September 29, as a turbulent third quarter ended. In the official segment, the local currency improved its value against the greenback by 2.6 per cent or N20.04 to close at N755.27/$1, in contrast to the preceding day’s N775.31/$1 amid a drop in the supply of FX into the system by 11.6 per cent or $16.73 million to $127.82 million from the $144.55 million published on Thursday. In the

Image
30-September-2023

Brent, WTI Shrink on Macroeconomic Worries, Profit Taking

By Adedapo Adesanya The prices of Brent futures and the US West Texas Intermediate (WTI) futures went down by about 1 per cent on Friday, due to macroeconomic concerns and sustained profit-taking. Data showed that Brent fell by 7 cents to $95.31 per barrel and WTI depreciated by 92 cents to $90.97. Prices rose about 30 per cent in the third quarter of the year helped by the production cuts by the Organisation of the Petroleum Exporting Countries and allies (OPEC+). This action squeezed global crude supply. Brent was about 2.2 per cent in the week and 27 per cent