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Veritas Kapital Assurance intensifies effort in pursuit of green and sustainable business operations

The firm disclosed that it has embraced the environmental management concepts of reducing, reusing, and recycling.

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Veritas Kapital Assurance Plc. announces notice of board meeting, closed period

In line with the vision of supporting strong Environmental, Social, and Governance (ESG) proposition in pursuance of its economic interests, Veritas Kapital Assurance Plc, has recently announced various concerted efforts towards driving home its vision of ensuring a green and sustainable business operation.

In a recent press release signed by the company’s Secretary, Mr. Saratu Umar Garba, and sent to the NSE, the firm disclosed that the company has embraced the environmental management concepts of reducing, reusing, and recycling.

The press statement read in part;

“Most internally generated communication within the office is handled electronically, without recourse to paper printing. Likewise, about 75 percent of our customer policy renewal notices are delivered electronically.”

In addition, the report further showed that Veritas Kapital Assurance Plc made concerted efforts to drive home sustainable business operations, through a strategy of reduction in greenhouse gas emission, including fitting energy-efficient lighting facilities at its various branches/facilities.

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(READ MORE:Against headwinds, Nigerian stock market ends the week in green)

In terms of the achievement of its strategy, a part of the report read thus; “This has reduced our energy requirements for lighting by about 50%, and our new lighting facilities are estimated to last longer than traditional incandescent lighting systems. In addition, the old 500 KVA power plant at the Head Office has been replaced with a smaller, modern, and efficient 300 KVA electricity generator which reduces emissions.”

The firm revealed that due to its strict adherence to activities of relevant environmental laws, it has recorded a zero monetary fine for non-compliance to environmental laws and regulations for the year 2019.

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Why this matters

There is an increasing global momentum towards establishing sustainable financial systems. This has led to a renewed call for prioritizing environmental, social, and governance (ESG) factors on financial sector development and growth, especially as it supports the SDG goals for 2030.

In lieu of this, the Lagos Financial Centre for Sustainability (LFC4S) was created in April 2019 to address the issue of green and sustainable capital. It joined the International Network of Financial Centers for Sustainability (FC4S Network) on May 30, 2019.

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Economy & Politics

Why Okonjo-Iweala should win the WTO DG role – Prof. Moghalu

Professor Kingsley Moghalu has thrown support behind Dr. Ngozi Okonjo-Iweala to win the World Trade Organization top job.

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Why Okonjo-Iweala should win the WTO DG role- Prof. Moghalu

A former Deputy Governor of the Central Bank of Nigeria, Professor Kingsley Moghalu, has publicly canvassed support for Dr. Ngozi Okonjo Iweala to win the World Trade Organization (WTO) top job.

The former professor of public policy at Fletcher School, Tufts University, made the disclosure via his official Twitter handle, as seen by Nairametrics

Prof. Moghalu made a strong case for why Africa’s candidate should be considered for the top shot, noting that the need for Africa to get a better deal in the world trading system should be a major criterion in selecting the next WTO DG. He also believed that correcting this negatively skewed trade deal will help tackle poverty and underdevelopment in Africa.

What you should know

Nairametrics had earlier reported that Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee have emerged as the last two candidates for the top WTO job.

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Prof. Moghalu also disclosed that the final selection decision is expected this week or very early next week.

(READ MORE:WTO DG: Okonjo-Iweala gets the backing of 79 countries so far)

Prof. Moghalu said, “The dynamics of world trade are rigged against Africa, keeping the continent poor and undeveloped. In this piece for Project Syndicate @ProSyn, I make a strong case for why Africa’s candidate, @NOIweala, should be selected as the next Director-General of @wto.

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“The final selection decision is expected this week or very early next. Alongside the case for why the African candidate Okonjo-Iweala is best placed to lead WTO, I make the case for the continent more broadly as to how and why it must get a better deal in the world trading system.”

What this means

If finally selected for the top job, the opportunity will present Dr. Okonjo the platform to solve some global trade-related issues, one of which is Africa’s trade position with the rest of the world.

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ENDSARS

#EndSARS: Looted wheat in Jos poisonous, not for consumption – FMARD warns

The Ministry of Agriculture has warned that wheat seeds looted by hoodlums in Jos is not meant for consumption.

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FG set to provide interest-free loans and agricultural inputs to farmers, FG moves to reduce gender inequality in agriculture , Border closure doesn’t violate free trade agreement – Agric Minister, Sabo Nanono 

The Federal Ministry of Agriculture and Rural Development (FMARD), has warned that wheat seeds looted by hoodlums in Jos is not meant for consumption, as it is poisonous.  

Hoodlums invaded the warehouse of the National Agricultural Seed Council in Bukuru, Jos, Plateau State, and carted away poisonous wheat seeds – not meant for human consumption according to FMARD 

FMARDin a warning statement indicated that the wheat seeds had been treated with chemicals and intended for planting during the dry season. 

Thus, FMARD appealed to the general public not to consume the seeds, but to report any of such found to the nearest Security Agency. 

The statement reads, “The Federal Ministry of Agriculture and Rural Development, hereby, warns the general public that the wheat seeds carted away by hoodlums from the National Agricultural Seed Council’s warehouse in Bukuru, Jos, Plateau State, are poisonous and NOT fit for human consumption. 

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“The wheat seeds have been treated with agrochemicals and intended for planting during the next dry season of wheat production.

“The Ministry hereby appeals to the general public NOT to consume these seeds but report any such found to the nearest Security Agency. Please be WARNED.”

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Appointments

MTN Nigeria announces the appointment of Karl Toriola as CEO designate

MTN Nigeria has announced the appointment of Karl Toriola as new CEO designate, to replace Ferdi Moolman. 

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MTN Nigeria announces the appointment of CEO designate to replace Ferdi Moolman  

The Management of MTN Nigeria Communications Plc has announced the appointment of Mr Karl Toriola as the CEO designate. 

This information is contained in a note sent to the floor of the Nigerian Stock Exchange on 26th October 2020 and signed by MTN Nigeria Plc Secretary, Uto Ukpanah. 

The note partly reads: 

MTN Nigeria is pleased to inform The Nigerian Stock Exchange (The Exchange), the investing public and other stakeholders, of the appointment of Mr. Karl Toriola as the CEO designate. His appointment is effective 19 March 2021, providing enough time for an orderly handover.

(READ MORE: MTN launches e-sim, a virtual sim card for more security and quality service)

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Since joining the Group in 2006, Mr. Toriola has also held a number of senior operational roles including Chief Technical Officer of MTN Nigeria, CEO Of MTN Cameroon and MTN Group Operations Executive.

Mr. Toriola has at various times in his career in MTN Group, had oversight responsibility of 16 of the Group’s subsidiaries and served on various MTN boards, including MTN Nigeria.

(READ MORE: MTN Nigeria begins N100 billion commercial paper issuance today)

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What they are saying

Speaking on the appointment, Dr Ernest Ndukwe OFR, Chairman of MTN Nigeria said, “After a thorough and rigorous selection process, we are delighted to welcome Karl back to MTN Nigeria. Karl Toriola is recognized throughout the industry as a highly experienced and well-regarded business leader.

“With his rich credentials, I am personally pleased that Mr. Karl Toriola is well-suited to lead MTN Nigeria’s Executive Management team through the next stages of growth in the years ahead.” 

(READ MORE:MTN Nigeria, Zenith Bank post gains, as investors gain N54.42 billion)

What to expect

Mr. Karl Toriola’s appointment as CEO of MTN Communications Nigeria Plc is effective from 19 March 2021, providing enough time for an orderly handover by Mr. Ferdinand Moolman.

The current CEO of MTN Nigeria, Mr. Ferdinand Moolman, will exit this role with effect from 19 March 2021 and assume a new role as MTN Group Chief Risk Officer. He will remain on the Board of MTN Nigeria in his new role as the MTN Group Chief Risk Officer.

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