Nigerian Breweries Plc, the nation’s leading brewing company, has won the 2016 Institute of Directors Corporate Governance Award. The company was presented the award at the Annual Directors Dinner of the Institute of Directors of Nigeria, which held on Thursday, December 1, 2016 in Lagos.
According to the Institute of Directors, the “IOD Corporate Governance Award” reinforces the importance of best practice amongst corporate entities and is open to outstanding corporate bodies quoted on The Nigerian Stock Exchange.
It said that its governing council committee responsible for awards in collaboration with The Nigerian Stock Exchange received three nominations of companies quoted on the Exchange that were Corporate Governance compliant. Out of those companies, Nigerian Breweries emerged as the Institute winner of the Corporate Governance Award for 2016 as endorsed by the Governing Council.
To be recognised in the category, companies have to demonstrate a high level of effectiveness across the four pillars of corporate governance – Accountability, Transparency, Fairness and Responsibility. They also have to achieve an enterprise-wide culture of governance and ethics in risk and probity compliance, among other factors, to be presented with the award.
While receiving the award on behalf of the company, the Chairman, Nigerian Breweries Plc, Chief Kola Jamodu, CFR, said “We are delighted to receive this award in recognition of our effort in ensuring that we integrate corporate governance principles into our organizational culture. More importantly, we are encouraged to have been voted the winner of the Institute of Directors Corporate Governance Award for 2016. This is a worthy recognition and an incentive to encourage us to do more.”
The Chairman attended the award ceremony with the Managing Director/Chief Executive Officer of Nigerian Breweries Plc, Mr. Nicolaas Vervelde.
It would be recalled that in 2015, Nigerian Breweries Plc was named the winner of The Nigerian Stock Exchange NSE-CEO’s Distinguished Award for Compliance.
The award also known as the Most Complaint Listed Firm award is given by the NSE to the company that demonstrates the highest degree of compliance with the rules and regulations regarding disclosure obligations of listed companies to the exchange in a particular year.
Nigerian Breweries Plc also demonstrated its recognition for the importance of corporate governance in 2015 to clinch the coveted award.
UBA Partners With British Airways To Reward Loyal Customers
Pan African financial institution, United Bank for Africa (UBA) Plc and the global airline, British Airways have announced a collaboration to reward loyal customers who are cardholders of the Bank.
The promo which will last for six months from November 2019, will witness UBA customers getting significant discounts when they purchase their British Airways tickets using their UBA cards. The promo will allow customers to enjoy up between 10% to 15% discount on any ticket purchased during the campaign. The ticket fares is exclusive of taxes as is applicable to purchases of all goods and services.
The collaboration is aimed at increasing customer experience and satisfaction for both UBA Cardholders and customers of British Airways.
The General Manager, Corporate Bank, UBA Directorate, Mr Muyiwa Akinyemi, who expressed delight at the collaboration, noted that the promo between the two organizations was carefully thought out to ensure that loyal customers of the two institutions are duly rewarded while ensuring that they also receive more value for their money. He added that for persons without a UBA account, all they require to benefit from this promo is to procure a card instantly from any UBA branch nationwide.
“UBA is excited to collaborate with one of the foremost Airlines in the world to run a promotion aimed at rewarding our cardholders and premium customers who will enjoy discounted tickets and other ancillary benefits such as loyalty points on the British Airways Executive Club.”
He explained that as a customer-centric institution, UBA is always on the look-out for services and reward schemes that will ultimately benefit the customers, in line with its Customer 1st policy.
Akinyemi noted that the bank has plans to partner with other airlines in the future to provide further opportunities for reducing the cost of travel for its customers. “For now, we are partnering with a pre-eminent airline that offers class and distinction,” he said.
The Commercial Manager for British Airways in West Africa, Mr. Kola Olayinka, noted that the airline is pleased to partner with the bank due to its huge customer base and wide reach, adding that with the partnership, more customers will be able to enjoy the promo.
He said, “British Airways is excited to partner with UBA, Africa’s Global Bank, to create a mind-blowing promotion aimed at raising awareness about this service to be rendered by both institutions.”
Continuing, Kola said, “In addition, the discounts provided by British Airways will reduce the cost of travel and encourage the Bank’s customers to make more foreign trips during the period and also reward their customers and staff as a way of giving them something very tangible.”
Heritage Bank Convenes Strategic Agribusiness Meeting With Sumitomo Corporation
Nigeria is at the threshold of the much-needed agricultural revolution, as food production remains a significant challenge all over the world, hence whilst, Heritage Bank Plc is forming an alliance to further create formidable partnership arrangements with Sumitomo Corporation that will lead to impactful agribusiness within the segments of the agricultural value chain.
This relationship that is focused on mechanization and agribusiness will complement the efforts of the Central Bank of Nigeria’s (CBN) to fast track development of the agricultural sector and enhance national food security.
Heritage Bank Pledges Continued Support For Women Empowerment
Heritage Bank Plc has said it will continue to lend support to causes that promote women empowerment as this will impact positively on the nation’s socio-economic development.
Managing Director, Heritage Bank, Ifie Sekibo, stated this at the “Raising Girls Summit ‘19” which held in Lagos last Friday as part of activities to commemorate the International Day of the Girl-Child.
Sekibo, who was represented at the event by the Regional Executive, Lagos & South-West, Heritage Bank, Dike Dimiri, disclosed that the lender sponsored the “Raising Girls Summit ‘19” because as he put it: “At Heritage Bank, we are committed to anything that represents women empowerment.”
According to him, the Bank has been in the vanguard of promoting financial literacy and financial inclusion especially among women because it believes that this is key for advancement in today’s dynamic world.
He said: “If we can start promoting financial inclusion especially among the girl child, then we can stand a better chance of having our children grow up to help build a strong financial system. Heritage Bank has been at the forefront of trying to ensure that financial inclusion is not just for adults but for children and more so at a very early age.”
Sekibo, who noted that Heritage Bank actively participates in financial literacy programme organized by the Central Bank of Nigeria (CBN) in different parts of the country every year, assured organizers of “Raising Girls Summit ‘19” of Heritage Bank’s continuous support
Organized by The Green Girl Company Limited, (organizers of the Miss Nigeria Beauty Pageant), the Raising Girls Summit, is part of a global effort to empower, and deliberate on issues affecting the girl-child in Africa.
It is also aimed at influencing social change and policies to ensure a better life and the future prospect of girls in Africa.
In her remarks at the event, the Green Girl Company Limited CEO, Dr. May Ikeora, thanked Heritage Bank for its support for the summit, adding that with the lender’s support, the organization was making a valuable contribution to Nigeria and the world.
She advised young girls not to focus on what society can do for them, but on what they can contribute to society.
Also speaking at the event, a former “Miss Nigeria”, Helen Prest-Ajayi, stated that if the girl-child is better educated, the country would be a better place for all Nigerians.
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