Connect with us

Business

Skye Bank Donates N100m Ward To LUTH

Published

on

Skye Bank Plc has donated a N100millon accidents and emergency ward fully equipped to the Lagos University Teaching Hospital (LUTH) in line with its corporate philosophy of making healthcare available to the Nigerian people.
The ward is a 36-bed facility which would complement the existing overstretched 26-bed facility considered inadequate to cater for the needs of the patients of the 47 year old institution.
Speaking at the commissioning mony of the complex, the bank’s Group Managing Director and Chief Executive Officer, Mr. Akinsola Akinfemeiwa, said that several Nigerians suffer avoidable deaths on account of lack of well equipped emergency health service. Akinfemiwa noted that skye bank decided to embark on the project because of its concern over the health situation in the country as well as the need to bring relief and quality healthcare to the people.
“Aside from the project, we have financed the acquisition of specialist medical equipment in University Collage Hospital Ibadan (UCH), Obafemi Awolowo Universiy Teaching Hospital (OAUTH), National Orthopediac Hospital, Igbobi and Central Hospital Benin,” Akinfemiwa said.
He also expressed the bank’s determination to support the federal government in achieving the objectives of vision 20.2020, the Millennium Development Goals and the 7-point Agenda.
Speaking at the occasion, the Minister of Health, Prof. Babatunde Oshotimehin, praised Skye Bank for being a good corporate citizen and identifying with the health needs of the people.
The minister urged other corporate institutions in the country to emulate Skye Bank by building and donating social and health infrastructure for the benefit of the masses. In his remarks, the Chief Medical Director of LUTH, Prof. Akin Osibogun, thanked Skye Bank for the gesture, saying the ward would improve the service delivery of the teaching hospital.

Continue Reading

Business

NGX Digital Investment Platform Gets SEC Approval

Published

on

Securities and Exchange Commission (SEC) has approved the Nigerian Exchange Group’s Investment, a digital platform designed to streamline public offerings and rights issues in the capital market.
In a statement made available to newsmen, the NGX noted that the platform was live, promising an efficient, convenient, and seamless experience for managing primary market transactions.
It stated that the platform was built on the success of the country’s first digital public offering in 2021, which attracted over 150,000 new retail investors, with 75 per cent being female and 85 per cent under the age of 40.
It noted that the platform aimed to enhance transparency and accessibility in primary market transactions.
According to NGX, the launch of Invest coincides with the Central Bank of Nigeria’s banking recapitalisation directive, which has led to numerous subscription offers and rights announcements by Nigerian banks.
The organisation disclosed that Access Holdings, FCMB Group, and Fidelity Bank were utilising the NGX Invest APIs to distribute their offerings to retail investors, with more banks in the process of onboarding.
The Drector-General of the Securities and Exchange Commission, Emomotimi Agama, commended the initiative, stating, “The e-offering platform aligns perfectly with our objective of future-proofing the Nigerian capital market.
“By digitalising and automating financial intermediation processes, we are fostering a more efficient, transparent, and inclusive capital market.
“Our focus is on creating an enabling regulatory environment that promotes innovation without compromising compliance or investor protection”.
The Group Chairman of NGX Group, Umaru Kwairanga, praised the regulator, noting, “The supportive regulatory environment has provided a solid foundation that enabled the swift delivery of the platform.
“This reflects our mutual commitment to market development and will undoubtedly contribute to boosting the participation of retail investors in the capital market”.
He added that the integration of technology, strong partnerships, and collaboration, alongside a positive policy environment, would be essential to Nigeria’s economic development.
Also, the Group Managing Director/Chief Executive Officer of NGX Group, Temi Popoola, expressed enthusiasm for the new platform, stressing its significance in NGX Group’s digital transformation journey and its potential to enhance market access and foster economic growth.
“We sincerely appreciate SEC and CBN for their strong support and leadership. Our intermediaries and partners, including the Central Securities Clearing System, have been instrumental in achieving this success”.

Continue Reading

Business

Firm Plans To Tackle Metering Gap With Tech

Published

on

Sequel to high electricity tariff, particularly with Band A consumers, a firm, Hexing Nigeria, has said it is committed to providing affordable and renewable electricity for Nigerians.
This was as the firm launched technologies to close Nigeria’s metering gap, reduce line loss, and enhancing the renewable energy landscape.
Hexing, in a statement made available to journalists, noted that it had supplied and installed over 12 million smart devices across different countries.
The company, through its Nigeria representative, Timmy Shi, in the statement, said the company was ready to address Nigeria’s energy poverty and enhance the renewable energy landscape, saying that the firm was proud to be at the forefront of deploying cutting-edge technologies that would revolutionise the renewable energy sector.
”Our latest technologies help to tackle the problem of electricity, especially with the increase in tariffs among Band A users. Using our solar products can reduce their dependence on the national grid.
“We are set up to support local installers, stores and people who are in the solar market space with installation, technological and marketing support.’
“Our focus areas include providing high-quality solar PV panels, inverters, batteries, and energy management systems. These solutions are tailored to meet the unique energy needs of Nigerian households and businesses, promoting the adoption of clean and renewable energy sources”, she noted.
The statement also disclosed that the Vice President of Hexing Group, Simon Ye, said Hexing Nigeria would continue to enhance technologies to combat line loss effectively.
“Hexing’s IoT technology, integrated into most prepaid meters in Nigeria, is specifically designed to combat line loss, by enabling real-time monitoring and management of energy consumption.
“Our IoT solutions detect and prevent unauthorised access and tampering, ensuring that energy distribution remains fair and efficient.
“We are committed to providing accessible and affordable energy and clean water to the people of Africa. Our comprehensive portfolio of solutions includes high-quality solar products, smart water systems, and innovative energy management technologies”, he declared.

Corlins Walter

Continue Reading

Business

Town Planners Lament Shortage Of Professionals

Published

on

The Nigerian Institute of Town Planners (NITP) has lamented the acute shortage of town planning professionals in the country.
National President of the institute, Nathaniel Atebije, who disclosed this, said as against having at least one town planner to 3000 residents as it is obtainable in some developed countries, Nigerians could only boast of one town planner to about 70,000 people.
According to him, this has no doubt reduced their visibility across communities in Nigeria and has therefore resulted in haphazard building, and the consequent challenge of flooding among other environmental challenges.
Atebije disclosed this while speaking with journalists during the Southwest Nigerian Institute of Town Planners Town Hall Meeting and Leadership Training held yesterday at the Ogun State secretariat of the association, Leme, Abeokuta.
The three-day programme has as its theme “Creating the Livable Environment We Need Through Collaboration and Community Participation”.
Atebije decried inadequate planning in the country saying it has led to avoidable losses and waste of scarce resources.
He said, “One of the challenges we have in creating a livable environment in Nigeria is that we don’t even have enough professionals. We don’t have enough town planners, architects, engineers, and builders among others.
“Planning is a government job, it is a social responsibility of the government to the people of Nigeria and so they must take the lead. In some other developed countries, we have one town planner to 3000 population but here in Nigeria, one town planner will be to about 70,000 population.
“That is why eyes cannot be everywhere. There are illegal developments everywhere. In fact, they have not engaged enough town planners, either those in the private sector for consultancies, nor do they have enough in the public sector to help in the implementation of their building plans.

 

Continue Reading

Trending