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Business News

Updated: List of all companies and billionaires that have contributed to COVID-19 relief fund

The contributions are expected to assist the Federal Government of Nigeria in the ongoing fight against the Coronavirus pandemic which has already claimed more than ten lives in the country, including that of Abba Kyari, President Buhari’s Chief of Staff.

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Fight against Coronavirus

The sum of N25.8 billion has so far been donated by 107 Nigerian companies and notable individuals, as relief fund to combat Coronavirus in the country. This is according to information obtained from the Central Bank of Nigeria (CBN).

The big donors: Among the biggest donors so far are the CBN and Alhaji Aliko Dangote, both of whom contributed N2 billion each. Other notable companies and prominent billionaires also donated N1 billion each, including Tony Elumelu, Modupe & Folorunsho Alakija, Abdulsamad Rabiu, Segun Agbaje, Herbert Wigwe, Oba Otedeko, Femi Otedola, Mike Adenuga, Jim Ovia, Raj Gupta, John Coumantatous, MTN Nigeria, and the Nigerian Deposit Insurance Corporation, NDIC.

READ ALSO: DisCos consider offering consumers free electricity for 2 months

You may view the full list below.

S/NNamesOrganisationAmount (Naira)
1CENTRAL BANK OF NIGERIACENTRAL BANK OF NIGERIA2,000,000,000.00
2ALIKO DANGOTEDANGOTE INDUSTRIES LIMITED2,000,000,000.00
3FLOOD RELIEF FUNDFLOOD RELIEF FUND1,500,000,000.00
4ABDULSAMAD RABIUBUA SUGAR REFINERY LIMITED1,000,000,000.00
5SEGUN AGABJEGUARANTY TRUST BANK1,000,000,000.00
6TONY ELUMELUUNITED BANK OF AFRICA1,000,000,000.00
7OBA OTEDEKOFIRST BANK OF NIGERIA1,000,000,000.00
8JIM OVIAZENITH BANK1,000,000,000.00
9MODUPE & FOLORUNSHO ALAKIJAFAMFA OIL LIMITED1,000,000,000.00
10NDICNIGERIA DEPOSIT INSURANCE COPORATION1,000,000,000.00
11HERBERT WIGWEACCESS BANK PLC1,000,000,000.00
12MIKE ADENUGAGLOBACOM1,000,000,000.00
13FEMI OTEDOLAAMPERION POWER DISTRIBUTION LTD1,000,000,000.00
14RAJ GUPTAAFRICAN STEEL MILLS NIG. LIMITED1,000,000,000.00
15MTN NIGERIA PLCMTN NIGERIA PLC1,000,000,000.00
16JOHN COUMANTATOUSFLOUR MILLS OF NIG LTD1,000,000,000.00
17DEJI ADELEKEPACIFIC HOLDING LTD500,000,000.00
18FRIESLAND CAMPINA WAMCOFRIESLAND CAMPINA WAMCO500,000,000.00
19BANK OF INDUSTRYBANK OF INDUSTRY500,000,000.00
20TOLARAM AFRICA ENTERPRISE LTDTOLARAM AFRICA ENTERPRISE LTD500,000,000.00
21RAHUL SAVARAWACOT RICE LTD500,000,000.00
22UNION BANK PLCUNION BANK PLC250,000,000.00
23STERLING BANK PLCSTERLING BANK PLC250,000,000.00
24STANDARD CHARTERED BANKSTANDARD CHARTERED BANK250,000,000.00
25STANBIC IBTCSTANBIC IBTC250,000,000.00
26CITIBANK NIGERIA LTDCITIBANK NIGERIA LTD250,000,000.00
27FCMBFCMB250,000,000.00
28FIDELITY BANKFIDELITY BANK250,000,000.00
29ECOBANK PLCECOBANK PLC250,000,000.00
30AFRICA FINANCE CORPORATIONAFRICA FINANCE CORPORATION250,000,000.00
31MULTICHOICE NIGERIA LIMITEDMULTICHOICE NIGERIA LIMITED200,000,000.00
32APM TERMINALS APAPA LIMITEDAPM TERMINALS APAPA LIMITED150,000,000.00
33FSDHFSDH100,000,000.00
34FBN MERCHANT BANKFBN MERCHANT BANK100,000,000.00
35RAND MERCHANT BANKRAND MERCHANT BANK100,000,000.00
36CORONATION MERCHANT BANKCORONATION MERCHANT BANK100,000,000.00
37SUNTRUST BANKSUNTRUST BANK100,000,000.00
38PROVIDUS BANKPROVIDUS BANK100,000,000.00
39WEMA BANKWEMA BANK100,000,000.00
40UNITY BANKUNITY BANK100,000,000.00
41HERITAGE BANKHERITAGE BANK100,000,000.00
42NOVA MERCHANT BANKNOVA MERCHANT BANK100,000,000.00
43POLARIS BANKPOLARIS BANK100,000,000.00
44KEYSTONE BANKKEYSTONE BANK100,000,000.00
45KC GAMING NETWORKS LTDKC GAMING NETWORKS LTD100,000,000.00
46PORTS AND TERMINAL MULTI SERV LTDPORTS AND TERMINAL MULTI SERV LTD100,000,000.00
47PORTS AND CARGO HANDLING SERVPORTS AND CARGO HANDLING SERV75,000,000.00
48FIVE STAR LOGISTICS LIMITEDFIVE STAR LOGISTICS LIMITED75,000,000.00
49ENL CONSORTIUMENL CONSORTIUM70,000,000.00
50JOSEPDAM PORTS SERVICES NIGJOSEPDAM PORTS SERVICES NIG60,000,000.00
51SYSTEMSPECS LIMITEDSYSTEMSPECS LIMITED50,000,161.25
52GLOBUS BANKGLOBUS BANK50,000,000.00
53TITAN TRUST BANKTITAN TRUST BANK50,000,000.00
54TAKAGRO CHEMICALS LTDTAKAGRO CHEMICALS LTD50,000,000.00
55ATIKU ABUBAKARADAMA BEVERAGES LTD50,000,000.00
56WA CONTAINERS TERMINALWA CONTAINERS TERMINAL50,000,000.00
57PORTS AND TERMINALPORTS AND TERMINAL50,000,000.00
58PASTOR W.F KUMUYIDEEPER CHRISTIAN LIFE MINISTRY50,000,000.00
59KAM WIRE LIMITEDKAM WIRE LIMITED30,000,000.00
60DE DAMAK NIG LTD AUTOMOBILEDE DAMAK NIG LTD AUTOMOBILE25,000,000.00
61AHMADU MAHMOUDAHMADU MAHMOUD20,000,000.00
62CWAYCWAY20,000,000.00
63ADRON HOMES PROPERTIES LTDADRON HOMES PROPERTIES LTD20,000,000.00
64EKEOMA EME EKEOMAEKEOMA EME EKEOMA10,000,000.00
65LADOL LOGISTICS LIMITEDLADOL LOGISTICS LIMITED10,000,000.00
66GREENWICH TRUST LIMITEDGREENWICH TRUST LIMITED10,000,000.00
67SIL CHEMICALS LIMITEDSIL CHEMICALS LIMITED10,000,000.00
68ECN TERMINALECN TERMINAL10,000,000.00
69APAPA BULK TERMINALAPAPA BULK TERMINAL10,000,000.00
70COWRY ASSET MANAGEMENT LIMITEDCOWRY ASSET MANAGEMENT LIMITED9,999,838.75
71MRS. ETU FOUNDATIONHANDY CAPITAL LTD5,000,000.00
72MECURE INDUSTRIESMECURE INDUSTRIES5,000,000.00
73COMET SHIPPING AGENCIES NIGERIACOMET SHIPPING AGENCIES NIGERIA5,000,000.00
74JUBALI BROTHERS LIMITEDJUBALI BROTHERS LIMITED4,000,000.00
75ADG INTERNATIONAL RESOURCES LTDADG INTERNATIONAL RESOURCES LTD2,500,000.00
76OCEAN LORDS LIMITEDOCEAN LORDS LIMITED2,000,000.00
77NORRENBERGER INVESTMENT LIMITEDNORRENBERGER INVESTMENT LIMITED2,000,000.00
78PROSHARENA LIMITEDPROSHARENA LIMITED1,000,000.00
79FEW CHORE FINANCE COMPANY LIMITEDFEW CHORE FINANCE COMPANY LIMITED1,000,000.00
80TARABAROZ FISHERIES LIMITEDTARABAROZ FISHERIES LIMITED594,451.25
81ABAYOMI FOLORUNSHOABAYOMI FOLORUNSHO500,000.00
82KANAKALA LAKSHPATHI NAIDUNANDU KANAKALA100,698.75
83USMAN AHMEDUSMAN AHMED50,000.00
84MANJI TABWAHAT LONGMUTMANJI TABWAHAT LONGMUT10,000.00
85JAYAKUMAR SELVAMJAYAKUMAR SELVAM10,000.00
86ANYAEHIE STANISLAUS IKECHUKWUANYAEHIE STANISLAUS IKECHUKWU10,000.00
87FREDERICK KIGHAFREDERICK KIGHA10,000.00
88MR & MRS OJO EDWARD OLUWAJOBAMR & MRS OJO EDWARD OLUWAJOBA3,000.00
89HAMZA MUHAMMAD KAMILAHAMZA MUHAMMAD KAMBA2,000.00
90KAMALU AMINUKAMALU AMINU1,000.00
91OLUWADAMILOLAFAGUIYE1,000.00
92MOHAMMED GHALI MUHAMMEDMOHAMMED GHALI MUHAMMED200
93ADAMU YUSUFADAMU YUSUF100
94UCHENDU COLLINSUCHENDU COLLINS100
95BASHIR AUWALBASHIR AUWAL60
96BILAL ABDULSALAMBILAL ABDULSALAM50
97UMAR NAFIU USMANUMAR NAFIU USMAN50
98SANI ALTO ISAHSANI ALTO ISAH20
99BASHIR SULAIMANBASHIR SULAIMAN20
100ABUBAKAR SHEHUABUBAKAR SHEHU10
101SANNI ZAKARIYYASANNI ZAKARIYYA10
102IBRAHIM MOHD BELLOIBRAHIM MOHD BELLO8
103UDRIS MUHAMMADUDRIS MUHAMMAD5
104ALHAJI MALLAM MUSAALHAJI MALLAM MUSA5
105ABUBAKAR ISMAIL ABUBAKARABUBAKAR ISMAIL ABUBAKAR2
106BELLO SHUAIBUBELLO SHUAIBU1
107GHGH1
TOTAL25,893,792,792.00

Emmanuel is a professional writer and business journalist, with interests covering Banking & Finance, Mergers and Acquisitions, Corporate Profiles, Brand Communication, Fintech, and MSMEs.He initially joined Nairametrics as an all-round Business Analyst, but later began focusing on and covering the financial services sector. He has also held various leadership roles, including Senior Editor, QAQC Lead, and Deputy Managing Editor.Emmanuel holds an M.Sc in International Relations from the University of Ibadan, graduating with Distinction. He also graduated with a Second Class Honours (Upper Division) from the Department of Philosophy & Logic, University of Ibadan.If you have a scoop for him, you may contact him via his email- [email protected] You may also contact him through various social media platforms, preferably LinkedIn and Twitter.

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    Business News

    CAC sets 3-hour time line for company registration in 2021

    The CAC is prioritising the reduction of the registration circle for new companies to just 3 hours before the end of the year 2021.

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    CAC, Corporate Affairs Commission selects NIPOST as official courier partner

    The Corporate Affairs Commission (CAC) has said that following the successful deployment of an end-to-end registration module, it was now prioritising the reduction of the registration circle for new companies to just 3 hours before the end of the year 2021.

    This is coming after CAC had in November 2020, announced the implementation of new technology that will change the face of business registration including allowing customers to print their certificates with verifiable QR code from anywhere in the world.

    This disclosure was made by the Registrar-General of the commission, Garba Abubakar, at a dinner in honour of the Chairman, Governing Board, CAC and Nigerian Ambassador-Designate to the Kingdom of Spain, Ademola Seriki.

    In order to achieve this target, the Registrar-General said the commission was making arrangements to empower over 400 approving officers with working tools to process and approve registration applications either from home or anywhere necessary,” the agency stated.

    Abubakar noted that the challenges of the Covid-19 pandemic had adversely hampered CAC’s delivery timeline.

    He, however, pointed out that CAC was resolutely committed to serving its customers despite being forced to operate with less than 50% of its workforce.

    While bidding farewell to Seriki, the Registrar-General said he received the news of his appointment with mixed feelings as CAC was going to miss his tremendous support and guidance.

    Also speaking at the event, the Minister of Industry, Trade and Investment, Niyi Adebayo, described the outgoing CAC Chairman as a man of immense pedigree and endowed with enormous potential to justify the confidence reposed in him by the president.

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    In case you missed it

    • The CAC recently announced the upgrade of its website and online registration portal to include features, which allow for the automation of some selected services and processes, in line with the Federal Government’s mandate of improving the ease of doing business in Nigeria.
    • The selected services and processes include Electronic search of company records, Upgraded Companies Registration Portal for Pre-incorporation filings and Post incorporation filings.

     

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    Corporate deals

    DEAL: Nigerian fintech software provider, Appzone raises $10m to scale its products and services

    Appzone platforms are used by 18 commercial banks and over 450 microfinance banks in Africa.

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    Appzone a fintech software provider that builds proprietary solutions for financial institutions and their banking and payments services announced that it has closed $10 million in Series A investment.

    The Series A round was led by CardinalStone Capital Advisers, a Lagos-based investment firm. Other investors include V8 Capital, Constant Capital, and Itanna Capital Ventures. New York-based but Africa-focused firm Lateral Investment Partners also participated.

    Founded in 2008 by Emeka Emetarom, Obi Emetarom, and Wale Onawunmi, Appzone functions as an enabler (at payment rails and the core infrastructure) within banking and payments.

    READ: Shola Akinlade: The inspiration behind Paystack’s success

    Appzone platforms are used by 18 commercial banks and over 450 microfinance banks in Africa. Together, they amass a yearly transaction value and yearly loan disbursement of $2 billion and $300million.

    Before now, Appzone closed a $2 million deal from South African Business Connexion (BCX) in 2014. Four years later, it raised $2.5 million in convertible debt and bought back shares from BCX in the process. But overall, the company says it has raised $15 million in equity funding.

    This new funding will be used to scale its products and services and expand across more African countries. The startup also plans to achieve scale by growing its engineering team.

    READ: From Chemist to Bank CEO – The Story of Uzoma Dozie

    Deal book 300 x 250
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    What they are saying

    Yomi Jemibewon, the Co-Founder and Managing Director of Cardinal Stone Capital Advisers, said the firm’s investment in Appzone is further proof of Africa’s potential as the future hub of world-class technology.

    READ: Bill Gates holds far more cash than Nigeria’s foreign reserve

    Appzone is building a disruptive fintech ecosystem that will be the backbone of Africa’s finance industry with products across payments, infrastructure, and software as a service. The impact of Appzone’s work is multifold — the company’s products deepen financial inclusion across the continent whilst providing best-fit and low-cost solutions to financial institutions. Its emphasis on premium talent also helps stem brain drain, rewarding Africa’s best brains with best-in-class employment opportunities.”

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