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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

Specta

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.

1 Comment

1 Comment

  1. Nenge Gever

    October 8, 2020 at 2:18 am

    Hello Emmanuel, thank you for this post. so far you are the first to give a comprehensive list of donors for COVID-19. i however, have just two questions.
    1. how was your data generated?
    2. figures written 1, 20, 100, 300 for Idris Muhammad, GH, Umar Nafiu Usman and many more, are they supposed to be in millions, billions or trillions?

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Companies

Nigeria’s border reopening will not impact profitability in 2021 – Flour Mills GMD

Flour Mills Nigeria Plc has stated that the recent reopening of the nation’s land borders will not affect the profitability of the company.

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Mr. Omoboyede Olusanya, the Group Managing Director of Flour Mills Nigeria Plc has disclosed that the recent reopening of the nation’s land borders will not adversely impact the performance and profitability of the company in 2021 and beyond.

He added that FMN will continue to leverage brand loyalty, product standardization and innovation, as well as improved cost efficiency to increase profitability in 2021.

This statement was made by the Olusanya during the company’s 9M’20/21 Investor Webinar which held virtually on January 26, 2020.

According to the statement made by Mr. Olusanya at the virtual meeting, the reopening of the nation’s land border will not affect the company’s sales and revenue, as Flour Mills Nigeria is focused on increasing operational efficiency with accelerated plans for cost optimizations across the group to ensure competitive product offerings and profitability in the new operating environment, occasioned by the border reopening.

He revealed that the company will continue to invest in local content development, production capacity and aggregation to strengthen product innovation and product standardization in a bid to foster brand loyalty.

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In line with this, Flour Mills Nigeria has invested heavily to upscale its Regional Distribution Centers (RDCs), in order to gain direct access to consumer market segments across the country, and expand consumer reach with the road to market initiatives and product offerings across the group, especially in the B2C segment.

Olusanya revealed that the group has successfully opened new regional distribution centers (RDCs) in Kano, Magboro and Abuja targeting the new fast-growing B2C product categories (fats, sugar and garri).

He added that the FMN Group among other strategic investments made, has invested in trucks to support the RDCs, animal feeds and starch value chains; as well as sales force automation platforms to ensure high-quality processes and services.

Deal book 300 x 250

He concluded that the activities of the company will be complemented by the efforts of the nation’s border security, as these agents would ensure that the borders do not become porous, and would help to curtail markets from being proliferated by imported items.

What you should know

  • Recall that Nairametrics reported that Flour Mills Nigeria Plc declared a profit of N5.65 billion in the third quarter ended, 31st December 2020.
  • The report revealed that the profit which Flour Mills made in the third quarter of its accounting year 2020/2021 rose by a whopping 150.36% when compared to the profit it made in the corresponding period of 2019.
  • It is important to note that the impressive performance of the company was driven by the agro-allied segment. The Agro-Allied segment benefited immensely from the August 2019 border closure, as the profit from this segment improved by 15,268%.

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Coronavirus

South African President appeals to wealthy countries not to hoard COVID-19 vaccines

South African President, Cyril Ramaphosa has called on the world’s wealthiest countries to stop “hoarding” vaccines.

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South Africa High commission in Nigeria shuts its offices, South Africa announces 21-day lockdown following spike in Coronavirus cases

The South African President, Cyril Ramaphosa has urged the world’s wealthiest countries to stop “hoarding” vaccines and called for an end to “vaccine nationalism.”

He made this call at the World Economic Forum’s virtual Davos Agenda event, where he clearly cautioned that some countries had ordered more supplies of vaccines than they needed, and that this was counterproductive to the global recovery effort.

According to him,

  • “Ending the pandemic worldwide will require greater collaboration on the rollout of vaccines, ensuring that no country is left behind in this effort”
  • “The rich countries of the world went out and acquired large doses of vaccines from the developers and manufacturers of these vaccines, and some countries have even gone beyond and acquired up to four times what their populations need”
  • “That was aimed at hoarding these vaccines and now this is being done to the exclusion of other countries in the world that most need this”

What they are saying

According to Africa CDC Director, John Nkengasong, the African continent is quite facing a “very aggressive second wave” of the pandemic, with mortality increasing on average 18% across the 55 African member states last week.

“We as a continent must recognize that vaccines will not be here when we want them, but as such we need to really focus on the public health measures that we know work”

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He however praised the progress of the African Vaccine Acquisition Task (AVAT) Team, which he said was created when AU nations realized “how the world’s richest countries are behaving.”

What you should know

  • South Africa is the country, worst hit by Covid-19 on the continent.
  • As at date, the country had recorded more than 1.4 million cases with 41,117 deaths.
  • The African Vaccine Acquisition Task (AVAT) Team has secured a provisional 270 million doses for AU member states directly, in addition to the 600 million expected from the World Health Organization’s COVAX initiative.

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Coronavirus

IMF optimistic about global economy but warns new Covid variants could affect recovery

IMF is quite optimistic about the fortune of the global economy but expressed fear that the new Covid variant could derail economic recovery.

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IMF

The International Monetary Fund (IMF) has expressed optimism about the global economy but warns that the new COVID 19 variant could affect the global economic growth, according to its latest World Economic Outlook.

According to the report, “the institution now expects the global economy to grow 5.5% this year — a 0.3 percentage point increase from October’s forecasts. It sees global GDP (gross domestic product) expanding by 4.2% in 2022”.

According to its Chief Economist, Gita Gopinath:

  • “Much now depends on the outcome of this race between a mutating virus and vaccines to end the pandemic, and on the ability of policies to provide effective support until that happens.
  • “There remains tremendous uncertainty and prospects vary greatly across countries.
  • China returned to its pre-pandemic projected level in the fourth quarter of 2020, ahead of all large economies. The United States is projected to surpass its pre-Covid levels this year, well ahead of the euro area.
  • “Policy actions should ensure effective support until the recovery is firmly underway, with an emphasis on advancing key imperatives of raising potential output, ensuring participatory growth that benefits all, and accelerating the transition to lower carbon dependence.”

What you should know

  • There has been a surge in the number of reported cases of the new variant Covid-19 infections and deaths over the past few months.
  • The new variant has been described as being more infectious and potentially deadlier than the original strain.
  • The IMF had cut its GDP forecasts for the euro zone this year by 1%.
  • It is being projected that the 19-member region, which has been severely hit by the pandemic, would grow by 4.2% this year.
  • Germany, France, Italy and Spain — the four largest economies in the euro zone — also saw their growth expectations cut for 2021.
  • Economic activity in the region slowed in the final quarter of 2020 and this is expected to continue into the first part of 2021. The IMF does not expect the euro area economy to return to end-of-2019 levels before the end of 2022.
  • IMF revised its GDP forecast upward by 2% points on the back of a strong momentum in the second part of 2020 and additional fiscal support, with GDP expected to grow to 5.1% this year.

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