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Heritage Bank, Cross River, Ita Giwa Raise Climate Change Awareness

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By Modupe Gbadeyanka

The two devastating hurricanes in the United States of American (USA) in the past weeks have made some people around the world see the threat posed by climate change.

In Nigeria, the flooding in Lagos and Benue States this year and also the flood alert this week to states around the River Niger by the National Emergency Management Agency (NEMA) has further let Nigerians know that the issue is not for the western world alone.

In view of this, Heritage Bank Plc has aligned forces with Cross River State and Senator Florence Ita Giwa-led Seagull Band to educate the people on Climate Change: A time for Change.

The event, which held in Lagos recently, was put together by Seagull Band, one of the five bands of the Carnival Calabar at a symposium titled ‘An evening of lecture and stage presentation of the Seagull winning theme of the 2016 Carnival Calabar’ edition which dwelt extensively on climate change and the need for an affirmative action to manage the environment on a sustainable basis.

Speaking at the programme, Managing Director/Chief Executive of Heritage Bank, Mr Ifie Sekibo, said the bank collaborated with the state government because it believed so much in making the lives of mankind better by preserving it today so that it could transfer it to future generations.

He also explained that the bank developed interest in the alignment because the cause conforms to the Central Bank of Nigeria’s regulation on Sustainability Banking.

Represented at the occasion by Chioma Obiakor, Head, Sustainability Banking, Mr Sekibo said Heritage Bank always operates in tune with the standard set by the apex bank for operators in the sector.

His words, “We have set up a framework within Heritage Bank which helps us to work with the CBN’s principles for sustainability banking. We are very much interested in collaboration with any corporate organization that shares the vision of safety of environment and its sustainability with us.”

The Chief Executive Officer observed that “if we destroy the environment, we will pay for it,” adding that there is need to prevent what is happening in Benue State where several thousands of people had been displaced by floods.

He said the bank was very happy to collaborate with the Cross River State Government for putting together the platform to discuss and find solutions to the issues of climate change. He noted that people build on waterways without conducting proper environmental scanning, remarking that calamities may not happen today, what about tomorrow!

The deputy governor of Cross River State, Professor Ivara Esu invited all the participants at the symposium to the 2017 edition of Carnival Calabar, adding that the theme of this year’s programme is Migration, which is how people are dying in Sahara Desert trying to seek greener pasture in other countries. He said the state would also unveil a new city to be called Calasvegas in December during the carnival.

In her opening remarks, Senator Florence Ita Giwa, leader of Seagull Band, refused to agree to the public perception that the yearly carnival is Africa’s Biggest Street Party. According to her, the carnival is not a party but a platform for interpretation of crucial issues in our society through various literary techniques.

She said except one understands the basic motive behind the carnival, the person would lose the essence of the various activities organized during the event which has become a means of global tourist attraction for the nation.

According to her, many people who hitherto did not understand what climate change meant before the 2016 carnival were educated by the various activities at the event.  She therefore, implored investors, tourists and other willing individuals to ensure participation in this year’s edition as it promises to be electrifying.

In his lecture on effects/impact of climate change, Mr Desmond Majekodunmi gave international and local perspectives of what the negative impacts of mankind was doing to the environment which has resulted in Hurricane Harvey in Houston Texas, which was the first major hurricane to make landfall in the United States of America since Wilma in 2005, ending a record 12-year drought in which no hurricanes made landfall at such an intensity in that country.

He said in Sierra Leone about 400 died due to over flooding while in Benue State in Nigeria about 110,000 people were displaced by floods, adding that if care is not taken, Lagos and South-South coastal cities might be affected by the rising sea levels from the Atlantic Ocean.

Mr Majekodunmi said global warming caused ice to melt and ocean levels to rise, adding that it also increases the magnitude and incidences of ocean surge due to thermal expansion of water.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Power Outage in Nigeria as National Grid Collapses

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By Aduragbemi Omiyale

Nigeria is currently experience a cut in power supply after the national grid collapsed for the 11th time in 2024.

This is the first time in over a month as the last time the nation witnessed a nationwide shut down in electricity supply was on November 7, 2024.

Before then, the country was experiencing an incessant collapse of the grid, which prompted the federal government to set up a team to address the issue.

However, just when Nigerians were thinking they will not witnessed another national grid collapse in the year, it issue reared its ugly head again.

On Wednesday afternoon, most of the energy distribution companies suffered power outage, prompting them to inform their customers of the situation.

One of the DisCos, Ikeja Electric Plc, in a message to electricity consumers under its franchise area, said, “Please be informed that we experienced a system outage today, December 11, 2024, at about 13:32 hours affecting supply within our network.

“Restoration of supply is ongoing in collaboration with our critical stakeholders. Kindly bear with us.”

Recall that on Tuesday, in a report, Google listed national grid as one of the top trending searches by Nigerians this year.

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NLNG to Replace Vessels in Move Towards Decarbonisation, Sustainability

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By Adedapo Adesanya

The Nigerian LNG Limited (NLNG), which produces Nigeria’s Liquified Natural Gas (LNG) and natural gas liquids (NGLs) for export, is planning to replace all its vessels with modern ships within the next decade.

This was disclosed by Mr Nnamdi Anowi, the General Manager of Production, NLNG, during the World Leaders’ Panel session on Tuesday in Berlin, Germany, as part of the 2024 World LNG Summit and Awards.

Speaking at the event themed “Achieving the Balance Between Energy Security and Decarbonisation,” he said the company which was incorporated in 1989 was making plans to boost its vessels to ensure proper transportation of gas for export.

“We are making significant strides in our shipping operations. Over the next 10 years, we aim to transition from our current steam-powered vessels to modern ships.

“Earlier this year, we took a major step by entering into a long-term chapter of our first modern ship Aktoras, and we are already planning to acquire a second ship next year,” he said.

On the critical issue of net zero emissions, Mr Anowi said that NLNG aspires to achieve net zero emissions by 2040.

According to him, this goal is attainable through implementing a combination of solutions that include operational efficiency, natural sinks/offset projects, carbon capture and storage (CCS), net zero expansion, digital solutions and shipping efficiency.

“Our pathway to net zero aligns with Nigeria’s target of reaching net zero by 2060, while many major players in the industry are aiming for 2050.

“We are actively expanding our initiatives in this area, including several low-carbon projects,” he explained.

Regarding Liquefied Petroleum Gas (LPG), Anowi noted that the company had committed 100 per cent of its LPG production (propane and butane) to the Nigerian market.

He pointed out the urgent need for cleaner energy, citing a report that revealed that not less than 100,000 Nigerians died yearly from smoke inhalation caused by cooking with firewood, predominantly affecting women and children.

“This underscores our commitment to sustainability. It’s important to recognise that about 80 per cent of Africans lack access to cleaner energy.

“When discussing sustainability, we can not overlook the necessity of providing energy to these communities,” he added.

He further elaborated on NLNG’s strategy, stating, “Our objective at Nigeria LNG is to maintain safety, enhance capacity, foster growth, and future-proof our business.

“The recent transformation programme includes a rebranding initiative, evidenced by the unveiling of a new logo and the company’s renewed purpose: providing energy for life’s sustainability.

Mr Anowi also noted that NLNG was working diligently to improve its production capacity from 23 million tons to 30 million tons through its Train 7 Project.

“We are actively engaging with stakeholders and the government to ensure our LNG trains are filled by the end of next year,” he said.

On sustainability, Mr Anowi explained that 75 per cent of NLNG’s emissions result from its operations, with the remaining 25 per cent coming from its shipping activities.

He emphasised the importance of measurement, reduction, avoidance and mitigation strategies in their sustainability efforts.

He said that the company was also exploring CCS opportunities through partnerships with the government and other international oil companies.

“We are in the early stages of CCS implementation, assessing potential reservoirs for this purpose,” he said.

In terms of renewable energy, Anowi said that NLNG was investigating solar power projects at its offices in Abuja and Port Harcourt as part of its broader sustainability initiatives.

“We are committed to abatement efforts and are collaborating with experienced private companies to explore carbon credit opportunities.

“We must balance sustainability with affordability and reliability in energy supply.

“The African region must progress at its own pace, prioritising immediate energy needs before addressing long-term sustainability goals,” he explained.

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National Grid, Mr Ibu Among Top Trending Searches by Nigerians in 2024

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By Dipo Olowookere

Many events happened in 2024 in Nigeria but a few shook the nation because of their impact on residents of the country.

According to a report released by Google, the incessant collapse of the national grip, which plunged the nation into darkness, was among trending searches on its platform.

In the report made available to Business Post on Tuesday, the tech giant said this year’s results show a continued interest in the political and economic landscape, with searches related to the US elections, the new national anthem.

“The 2024 Year in Search offers a unique lens into the questions, interests, and conversations that shaped the lives of Nigerians this year.

“From cultural milestones to pressing concerns, these insights reflect how Search continues to be a valuable tool for users to navigate and better understand their world,” the Communications and Public Affairs Manager for Google West Africa, Taiwo Kola-Ogunlade, stated.

Google’s 2024 Year in Search for Nigeria showcased the most popular searches, notable individuals, actors, musicians, topics, questions, and other subjects that captured Nigerians’ attention in the year.

Google’s Year in Search is an annual analysis that reveals the top trending lists and also spotlights what the world searches to see, learn, and do.

The music scene in 2024 was marked by a surge in popularity for artists like Shallipopi and Khaid, who also featured prominently in the overall personalities list. The top trending song was “”I Don’t Care” by Boy Spyce”, followed closely by “Ozeba” and “Commas” by Ayra”. Nigerians also showed a keen interest in understanding the lyrics of various songs, with “Ogechi lyrics”, “Ozeba lyrics”, and “Omemma by Chandler Moore lyrics” leading the searches in the lyrics category.

This year, Nigerians continued to demonstrate a strong interest in entertainment with movies like “A Tribe Called Judah”, “Treasure In The Sky”, and “Damsel” topping the movie charts. The top TV series that captured the interest of Nigerian netizens included “Supacell”, “My Demon”, and “Queen of Tears”. In the culinary world, Nigerians explored diverse recipes with “Pornstar Martini recipe” leading the searches.

Concerns about personal well-being and global events were also reflected in search trends. Questions like “How much is dollar to naira today?”, “How to get perfectly defined curls for African hair?”, and “Who won the US presidential election?” topped the list of queries. Nigerians were curious about the meaning of words like “demure,” “steeze,” and “pet peeves,” turning to Search for answers.

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