Keystone Bank Reaffirms Support for Sustainable Environment

Image

By Dipo Olowookere

Keystone Bank Limited has again restated its commitment to environmental sustainability with a partnership with Wecyclers Nigeria Limited, a company committed to improving recycling in Nigeria.

The lender joined forces with the company for a clean-up exercise at the popular SURA Market in Lagos as part of its efforts to mark the 2019 ‘Global Recycling Day’.

The Global Recycle Day is a global event commemorated annually to help recognize, and celebrate, the importance recycling plays in preserving precious primary resources and securing the future of the planet – earth.

In celebrating this year’s edition held on Monday March 18 and themed: “Recycling into the future”, staff of Keystone Bank and Wecyclers, used the medium to enlighten traders and shoppers at the SURA Market and its environs on issues relating to proper disposal and separation of plastic from metal and food waste, recycling, healthy lifestyle and other measures aimed at curbing environmental pollution.

According to the Group Managing Director/CEO of Keystone Bank Limited, Dr Obeahon Ohiwerei, the initiative, which is part of the bank’s Corporate Social Responsibility (CSR), is aimed at creating awareness on the positive impacts of cleaning the environment, proper waste management and the urgent need to recycle more effectively to assure the future of the planet – earth.

Mr Ohiwerei noted that to achieve environmental preservation, Nigerians must imbibe the culture of proper waste disposal and separation for easy recycling for other useful products.

“As a bank, we understand the importance of a clean environment.

“It is widely known that climate change is the major, overriding, environmental issue of our time. Recycling saves more CO2 emissions each year than those generated by the entire aviation industry, while simultaneously protecting the earth’s valuable natural resources.

“We cannot live a healthy life, conduct business and create wealth amidst waste or in a toxic environment. Without clean air, water, land and energy, our collective humanity is endangered.

“This makes it necessary for us to keep our environment orderly and functional through sustainable living actions and regular cleaning. Our goal is to lead the movement promoting environmental sustainability in Nigeria,” he said.

The bank chief further disclosed that the clean-up at the SURA Market was aimed at reinforcing the consciousness of the global action on Nigerians that the environment should be free from plastic pollution, especially waste from pet bottles, which hardly degrade.

“Pet bottles are major cause of blockage to drainages and water channels and also, the value chain involved in the recycling process of pet bottles could lead to job and wealth creation,” Mr Ohiwerei concluded.

Keystone Bank is a technology and service-driven commercial bank offering convenient and reliable solutions to its customers.

Share
Related Stories
Image
15-January-2024

Paracetamol Tablets in Nigeria Not Underdosed—NAFDAC

By Adedapo Adesanya  The National Agency for Food and Drug Administration (NAFDAC) has dismissed a report that nearly all Paracetamol tablets in Nigeria are underdosed. In a statement signed by the agency’s Director-General, Mrs Mojisola Adeyeye, it was revealed that the “report is misleading, and the science is questionable,” noting that it is investigating the matter. It was disclosed that as soon as the agency became aware of the news, the Director-General had meetings with the respective directors and gave a directive that a survey of the market should be done to sample and test. The DG also met with

Image
20-February-2024

Stanbic IBTC Bank Assembles Stakeholders to Shape Nigeria’s Healthcare Future

By Modupe Gbadeyanka On Thursday, February 22, 2024, experts and other stakeholders within Nigeria’s healthcare sector will converge to explore ways to improve the landscape at an exclusive healthcare breakfast session organised by Stanbic IBTC Bank Limited, a subsidiary of Stanbic IBTC Holdings Plc. The event themed The Business of Healthcare: Challenges and Opportunities, will feature a distinguished panel discussion and a keynote address by the chief executive of JNC International Limited, Mrs Clare Omatseye, while the Commissioner for Health in Lagos, Professor Akin Abayomi, is the special guest of honour. The expert panel will comprise of prominent industry personalities

Image
09-February-2024

How Viebeg is Expanding Access to Affordable Healthcare in Central and East Africa

Across Central and East Africa, healthcare systems and providers face challenges in procuring and keeping key medical equipment and supplies in stock. As a result, there is a lack of access to important diagnostic and therapeutic procedures, ultimately leading to preventable deaths and other negative health outcomes for patients in under-resourced communities. At the same time, many patients are often forced to travel long distances for diagnoses at local hospitals resulting in inconvenience, long wait times, and higher prices. Statista forecasts that the current health expenditure as a share of the GDP in East Africa will continuously decrease by 0.02%

More Stories
Image
19-December-2022

Women Are Huge Economic Assets—Ben-Willie

By Modupe Gbadeyanka An Executive Director at Heritage Bank, Ms Osepiribo Ben-Willie, has described women as huge economic assets, noting that their role in the development of a nation can never be pushed aside. The banker said this at the Women Must Conference 2.0, organised by the Kilali Tribe of Rivers and Bayelsa States. At the event held in Port Harcourt titled The Woman and Her Must, Ms Ben-Willie affirmed the need to deliberately adopt measures to deepen women’s empowerment to drive the nation’s socio-economic growth. She noted that women are actively involved in the act of creation of a

Image
23-October-2019

Heritage Bank Empowers Young Entrepreneurs

As part of drive to contribute to the growth of economic drive, Heritage Bank Plc has continued to support The Next Titan Season-six; in ensuring that the entrepreneurial targets of the Nigerian youths are attained. The Next Titan entrepreneurial reality TV show sponsored annually by the Heritage Bank Plc has unveiled the top 16 contenders for the season-6 of the competition. The 16 lucky candidates were selected from among 50 contestants who made it to the Bootcamp after the auditions that saw thousands of Nigerian young entrepreneurs jostle for selection at the audition centres in Lagos, Port Harcourt, Enugu and

Image
24-January-2023

African Tech Ecosystem Attracts $6.5bn Venture Capital Funds in 2022

By Adedapo Adesanya A new report has shown that amid a global pullback in venture capital funds, the African tech ecosystem stood out and attracted an 8 per cent growth in funding last year compared with 2021. In its annual report, Africa Tech Venture Capital, Partech Africa, a VC fund dedicated to technology startups in Africa, noted that the total ecosystem raked in $6.5 billion. The report showed that debt funding doubled in volume to $1.5 billion, accounting for nearly a quarter of the total funding. Fintech, still leading, attracted 39 per cent of the total equity volume, while Nigeria

Image
08-February-2022

US-Iran Nuclear Talks Trigger Profit-taking in Oil Market

By Adedapo Adesanya The oil market settled lower on Monday following signs of progress in nuclear talks between the United States and Iran, which could lead to the removal of US sanctions on Iranian oil sales. At the session, the price of the Brent crude went down by 16 cents or 0.17 per cent to $91.53 per barrel, while the US West Texas Intermediate (WTI) crude fell by 4 cents or 0.4 per cent to $91.28 per barrel. Crude prices last week rallied for the seventh week on ongoing worries about supply disruptions fueled by extreme cold US weather and

Image
07-March-2018

UK, German Stocks Rise as French Equities Fall

By Investors Hub European stocks have turned mixed over the course of the session. While the French CAC 40 Index is down by 0.1 percent, the U.K.?s FTSE 100 Index is up by 0.2 percent and the German DAX Index is up by 0.5 percent. Deutsche Post shares have fallen after the German mail and logistics group reported a lower net profit for the fourth quarter due to a higher tax rate. Publicis Groupe and WPP have also moved lower on reports that Procter & Gamble is accelerating its efforts to transform the business of marketing. Meanwhile, paper packaging firm

Image
17-April-2017

NCDMB Gets First Aid Box from NYSC Members

By Dipo Olowookere Road caution signs and first aid box have been donated to the Nigerian Content Development and Monitoring Board (NCDMB) by outgoing members of the National Youth Service Corps (NYSC) serving with the agency. The items, we gathered, were donated to assist road users and maintain the safety practice of the board. Presenting the items, Ms Chioma Okoro, who served in the Human Resources Division, explained that she settled for road signs because of the busy nature of the road leading to NCDMD’s headquarters and her concern for the safety of staff and stakeholders who visit the board.

Image
21-February-2018

European Stock Markets Close Mixed After US Shares Fell Overnight

By Investors Hub European stocks opened a tad lower on Wednesday after U.S. shares fell overnight in the wake of a rising dollar, disappointing results from Walmart and climbing bond yields on expectations of a faster pace of interest rate increases from the Federal Reserve. On the data front, Germany’s private sector expanded strongly in February, although the pace of growth slowed from a near seven-year high seen in January, flash data from IHS Markit showed today. The composite output index dropped unexpectedly to a 3-month low of 57.4 from 59.0 in January. France’s private sector expanded at the slowest

Image
13-January-2017

NSE Index Down by 0.21%

By Dipo Olowookere The market indicators of the Nigerian Stock Exchange (NSE) on Thursday closed on a negative territory, dropping by 0.21 percent due to sell pressure. The News Agency of Nigeria (NAN) reports that the market capitalisation shed N19 billion or 0.21 percent to close at N9.059 trillion compared with N9.078 trillion achieved on Wednesday. Similarly, the NSE All-Share Index which opened at 26,385.80 lost 55.41 points or 0.21 percent to close at 26,330.39. Nestle, one of the most capitalised stock, led the losers’ chart, shedding N19 to close at N790 per share. Forte Oil came second on the

Ad
Ad
Recent Stories
Image
01-March-2024

Nigeria Wants Share in $350bn Global Outsourcing Market

By Aduragbemi Omiyale The global outsourcing market is estimated to be worth about $350 billion and Nigeria is looking to take a slice of it to address the rising unemployment rate in the country. Before 2023, the National Bureau of Statistics (NBS) put the unemployment rate at about 33 per cent, but in its revised edition, the agency said the rate grew to 5.0 per cent in the third quarter of last year. The outsourcing market is becoming the new oil market and Nigeria, which prides itself as the largest economy in Africa because of its population size of over

Image
01-March-2024

Lokpobiri Charges New NCDMB Council on Growth of Nigeria’s Energy Sector

By Adedapo Adesanya  The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, has charged the newly inaugurated fourth Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) to continue advancing the country’s oil and gas industry. The NCDMB Governing Council is set up under the Nigerian Oil and Gas Industry Content Development (NOGICD) Act and draws membership from representatives of select institutions connected with the energy sector. The fourth NCDMB Governing Council would be chaired by Mr Lokpobiri, while the Executive Secretary of NCDMB, Mr Felix Omatsola Ogbe, would serve as the Secretary. Others are the

Image
01-March-2024

How to Protect Your Crypto From Scams, Hacks

In 2023, it is estimated around $2 billion was lost by investors to scams, rug pulls and hacks. Although the technology is becoming more secure and stable and many users are more aware of the tricks used to steal assets, there are still ways for thieves to extract your crypto if you aren’t careful.   Experts at Smart Betting Guide have provided a guide on the best ways to keep your crypto safe in 2024.  1. Do not store your password and seed phrase on the Cloud   For many people, the best and most convenient way to access crypto is through

Image
01-March-2024

FX Crisis: Nigeria May Slam $10bn Fine on Binance

By Adedapo Adesanya The Nigerian government may be considering a $10 billion fine on Binance, a crypto exchange platform, amid a crackdown on crypto platforms in desperate moves to restore the nation’s battered foreign exchange (FX) market. This information was disclosed by Mr Bayo Onanuga, who is the Special Adviser on Information and Strategy to President Bola Tinubu, in an interview with the British Broadcasting Corporation (BBC) on Friday morning. According to the President’s aide, this was necessary as the Nigerian government believes Binance profited substantially from its “illegal transactions” in the country while the nation suffered huge losses. Mr

Image
01-March-2024

Business Confidence in Nigeria Falls in February Amid Rise in Input Costs

By Modupe Gbadeyanka Business conditions in Nigeria slowed to 51.0 in February 2024 from 54.5 in January 2024, as price pressures intensified in the private sector at an unprecedented pace in over a decade of data collection, the Stanbic IBTC Bank Purchasing Managers’ Index (PMI) has revealed. A statement from the lender disclosed that the improvement in business conditions was the weakest since the recovery in the private sector began last December. It stated that input costs surged higher in the period under consideration as a result of higher fuel prices and exchange rate weakness, which drove up material costs.

Image
01-March-2024

Harvard Business School Introduces Tony Elumelu Foundation Case Study

By Modupe Gbadeyanka A case study to spotlight the role of celebrated African businessman, Mr Tony Elumelu, in transforming the development agenda on the continent through his Tony Elumelu Foundation (TEF) has been introduced by the Harvard Business School. The case study, launched on Thursday, February 29, 2024, will critically look into how the former banker is catalysing entrepreneurship in Africa through his Africapitalism approach. At its unveiling before a class of graduate students at Harvard Business School, Mr Elumelu said, “TEF is creating economic hope and opportunity for African entrepreneurs. We know that entrepreneurship is the solution to youth

Image
01-March-2024

Unlisted Securities Remain in Negative Territory by 1.36%

By Adedapo Adesanya Correction at the NASD Over-the-Counter (OTC) Securities Exchange continued as it recorded a 1.36 per cent loss on Thursday, February 29. The bourse lost N21.34 million of its value during the trading session to close at N1.542 trillion compared with the preceding day’s N1.564 trillion and the NASD Unlisted Security Index (NSI) went down by 15.74 points to end the day at 1,138.05 points versus Wednesday’s 1,153.79 points. Yesterday’s decline was influenced by Aradel Holdings Plc, which further suffered further profit-taking, causing its price to drop N98.25 to close at N2,401.75 per share versus the preceding session’s

Image
01-March-2024

Naira Firms to N1,595/$1 at NAFEX, Weakens to N1,500/$1 at Black Market

By Adedapo Adesanya The Naira ended a tumultuous February as it recorded a price appreciation f 0.09 per cent or N14.40 against the US Dollar on Thursday, February 29, in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data obtained from the FMDQ Securities Exchange showed that the value of the local currency closed at N1,595.11/$1 during the session compared with the preceding day’s N1,609.51/$1. Also, the Nigerian currency improved its value against the Pound Sterling in the official market yesterday by N20.34 to close at N2,046.19/£1 compared with the preceding session’s N2,066.53/£1 and strengthened against the Euro by N16.5 to

Image
01-March-2024

Oil Down as US Inflation Signals Weak Crude Demand

By Adedapo Adesanya  Oil was down on Thursday as inflation data in the United States implied a softening of the world’s biggest economy that could weaken crude demand. Brent futures went down by 6 cents to $83.62 a barrel and the US West Texas Intermediate (WTI) futures depreciated by 28 cents to $78.26 a barrel. The US Federal Reserve’s preferred inflation gauge, the US Personal Consumption Expenditures (PCE) index, showed January inflation in line with economists’ expectations. The index rose 0.3 per cent last month, the Commerce Department’s Bureau of Economic Analysis said. Data for December was revised lower to

Image
01-March-2024

Local Stock Market Rebounds, Closes Last Day of February 0.68% Higher

By Dipo Olowookere The last trading session of February 2024 at the Nigerian Exchange (NGX) Limited ended on a positive note as it rebounded by 0.68 per cent after the interest rate hike scare. The growth posted on Thursday was triggered by bargain-hunting in financial stocks, especially those selling at cheaper prices after the sell-offs in the past few sessions. However, profit-taking persisted in the other sectors of the bourse, with the energy, and consumer goods indices closing lower by 0.33 per cent, and 0.18 per cent, respectively. Business Post reports that the banking space rose by 6.14 per cent,