Connect with us

Business

BUA Foods delights widows in Lagos

Published

on

BUA Foods delights widows in Lagos

Celebratory cheers filled the air at the International Women Society’s (IWS) Skill Acquisition Centre in Lagos State on Wednesday, June 12, 2024 as Abdul Samad Rabiu Initiative for Africa (ASR Africa), donated BUA Foods products as a palliative to widows.

 

BUA Foods delights widows in Lagos

 

The palliative, comprising IRS Pasta, IRS semolina, and BUA Rice – and N10 million grant were donated by ASR Africa during the 2024 Widows Feast and Empowerment programme organised by the IWS in Lagos State.

While speaking to journalists at the sideline of the event, the widows expressed their heartfelt appreciation to ASR Africa and BUA Foods’ chairman, for the donation of essential food items, hailing the quality of BUA Foods’ products.

They were delighted that the IRS Pasta, IRS semolina, and BUA Rice donated to them would provide vital sustenance and access to nutritious meals for them and other family members.

ASR Africa, supported by BUA Foods, donated food and N10 million grant to bring relief to many widows facing economic hardship in commemoration of the 2024 International Widows’ Day.

“In our role as a company, we believe that our responsibility extends beyond business. It is about making a meaningful impact on the lives of those around us.”

“Our commitment to corporate social responsibility drives us to engage in initiatives like this, where we can make a tangible difference in the lives of those who need it most,” the Managing Director of BUA Foods, Ayodele Abioye, said.

Many widows highlighted the positive impact the donation of BUA Foods products would have on them.

Expressing her gratitude, one of the beneficiaries, Mrs Khadija Rufai, said, “We are overwhelmed with gratitude for ASR Africa for this generous donation of food items to us.

“This donation will alleviate significant pressure on my household, allowing me to focus on my children’s well-being and education.”

Another widow, Mrs Adebimpe Lanre, said, “This donation of BUA Foods’ product by ASR Africa is a lifesaver for many of us. It will make a huge difference in our households, allowing us to focus on other important needs.”

“Since I lost my husband, I’ve had to be resourceful in providing for my family. I know how nutritious and delicious BUA Foods’ products are and I am delighted to be going home with some, especially the IRS spaghetti, today,” a widow who is a resident of Lagos, Mrs Catherine, said.

Managing Director and Chief Executive Officer of ASR Africa, Dr. Ubon Udoh, said the N10 million grant was part of ASR Africa’s ongoing efforts to invest in social development as one of its primary focus areas.

He mentioned that “the grant is a testament to the commitment of the Chairman of ASR Africa and the BUA Group to improve the livelihoods and welfare of Nigerians”.

He added that “the grant, which will be distributed to widows in partnership with IWS, is aimed at bringing relief to the beneficiaries while ensuring its relevance and sustainability”.

Speaking at the event, the Chairperson of the Widows’ Trust Fund of IWS, Mrs. Adeola Adebanke, also expressed her utmost joy and satisfaction toward the food donation and grant to the organisation by the Chairman of ASR Africa and the BUA Group, Abdul Samad Rabiu.

She prayed that the Chairman would continue to make giant strides and break new boundaries.

About BUA Foods

BUA Foods, a leading force in the Nigerian food industry, is known for its high-quality and nutritious products. We are a company dedicated to social responsibility, actively supporting communities, nourishing and enriching the lives of Nigerians across the nation. With a diverse portfolio of products, BUA Foods is dedicated to serving the needs of all Nigerians and empowering communities.

Business

US Tightens Visa Rules: Students, Exchange Applicants Must Make Social Media Accounts Public

Published

on

US Tightens Visa Rules: Students, Exchange Applicants Must Make Social Media Accounts Public

US Tightens Visa Rules: Students, Exchange Applicants Must Make Social Media Accounts Public


The United States Mission in Nigeria has announced a new visa requirement mandating that all applicants for F, M, and J nonimmigrant visas must set their personal social media accounts to “public.”

These visa categories are issued to individuals seeking entry into the U.S. for educational and cultural exchange programs—including international students and scholars.

In a post on its official X (formerly Twitter) page on Monday, the U.S. Mission declared that the directive takes immediate effect, stating:

“Effective immediately, all individuals applying for an F, M, or J nonimmigrant visa are requested to adjust the privacy settings on all of their personal social media accounts to ‘public.’”

The U.S. Department of State emphasized that the move is part of its intensified vetting process to verify identities and determine admissibility, particularly to safeguard national security.

“We use all available information in our visa screening and vetting to identify visa applicants who are inadmissible to the United States, including those who pose a threat to U.S. national security,” the statement read.

The policy shift was first announced in June 2025, when the Department of State underscored that applying for a U.S. visa is a privilege, not a right.

“We will conduct a comprehensive and thorough vetting, including online presence, of all student and exchange visitor applicants,” the guidance stated.
“Every visa adjudication is a national security decision.”

The U.S. stressed that this move is to ensure that all applicants are credibly vetted, with proof that they intend to engage only in activities consistent with the terms of their visa and have no intention to harm U.S. interests.

Continue Reading

Business

Adron Homes Made My Dream Come True” — New Homeowner Shares Inspiring Testimony

Published

on

*”Adron Homes Made My Dream Come True” — New Homeowner Shares Inspiring Testimony

 

For many Nigerians, the dream of owning a home often feels out of reach, clouded by financial limitations, uncertainty, and broken promises. But for Engr. & Mrs. Taiwo Ademola, that dream has become a beautiful reality, made possible by Adron Homes.

Speaking proudly from the comfort of his newly completed home in one of Adron’s thriving estates in Shimawa, Ogun State, Engr. Ademola shared his joy and fulfillment at finally becoming a landlord.

“When I thought about owning a home, it felt like a far-off dream,” he recalled. “But Adron Homes changed everything. Their flexible installment plan gave me the confidence to start. Today, I stand here as a proud homeowner. For anyone still doubting, Adron Homes is real, and they are here to stay.”

The Ademolas’ new home, now dedicated and celebrated, is a symbol of stability, dignity, and the fulfillment of a long-held dream. Their success story is a powerful reminder of Adron Homes’ mission to make quality, affordable housing accessible to every hardworking Nigerian, regardless of financial background.

In his congratulatory message to the family, Sir Aare Adetola EmmanuelKing, Chairman/CEO of Adron Group, expressed his delight at yet another fulfilled homeowner.

“At Adron Homes, our vision has always been to make home ownership possible for every Nigerian, and I am glad we are living up to this vision” he stated. “Every key we hand over is a step towards fulfilling that vision”.

He welcomed them into the family, describing this feat as the foundation of new beginnings and joyful memories.

Adron Homes has become synonymous with reliability, integrity, and innovation in Nigeria’s real estate sector. With flourishing estates across Shimawa, Lagos, Abuja, Nasarawa, Epe, Badagry, and beyond, the company continues to redefine affordable luxury and accessible home ownership nationwide.

As more Nigerians like the Ademolas proudly unlock the doors to their dream homes, one truth remains undeniable, with Adron Homes, dreams are not just imagined; they are built, one family, one house, one community at a time.

Adron Homes Made My Dream Come True” — New Homeowner Shares Inspiring Testimony

Continue Reading

Business

GTCO Plc Becomes the 1st Financial Services Institution in West Africa to Achieve Listing and Trading of its Ordinary Shares on the London Stock Exchange

Published

on

GTCO Plc Becomes the 1st Financial Services Institution in West Africa to Achieve Listing and Trading of its Ordinary Shares on the London Stock Exchange

 

 

Guaranty Trust Holding Company Plc (GTCO Plc), Africa’s leading and most profitable Financial Services Group, has recorded a significant milestone in its growth and expansion journey with the successful admission of its Ordinary Shares to the Equity Shares (International Commercial Companies Secondary Listing) category of the Official List of the Financial Conduct Authority (FCA) and to trading on the main market for listed securities of the London Stock Exchange.

 

This historic achievement makes GTCO Plc, the 1st Financial Services Institution in West Africa to dual list its Ordinary Shares on both the Nigerian and London stock exchanges, and subject to certain criteria, it is expected that the Shares will be transferrable between the two exchanges.

 

The admission follows the successful pricing of its fully marketed offering (The Offering) on the London Stock Exchange to raise gross proceeds of $105million in exchange for 2.29 billion of new ordinary shares in the company, which was supported by a strong book of high-quality, long-term institutional investors.

 

Concurrent with the Offering, the Company also gave notice of its intention to cancel the listing of its existing GDRs on the certificates representing certain securities (depositary receipts) category of the Official List of the United Kingdom Financial Conduct Authority (“FCA”) and the admission to trading of GDRs on the London Stock Exchange’s main market for listed securities.

 

Building on the momentum of the successful first tranche of its equity capital raise programme in July 2024, which secured ₦209 billion, GTCO will deploy the proceeds from the Offering to strengthen its capital base, meet its recapitalization target, and fund strategic expansion across high-growth markets and priority sectors within and outside Nigeria.

 

It is expected that Admission and unconditional dealing in the Shares will become effective on or before 8.00 a.m. (UK time) on 9 July 2025 under the ticker “GTHC”. Following the cancellation of the GDRs listing, the Company intends to change the ticker symbol for the Shares from “GTHC” to “GTCO” and will issue a separate announcement in due course to that effect.

 

Commenting on the LSE Listing, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Mr. Segun Agbaje, said: “Today marks a major milestone—not just for GTCO, but for the future we see for African financial institutions on the global stage.

 

We are incredibly proud to be the 1st Financial Services Institution in West Africa to list our ordinary shares on London Stock Exchange’s main market for listed securities, and even more honored by the trust placed in us by the investing community. For us, this was not just about raising capital. It was about validating the strength of our franchise, the clarity of our strategy, and the discipline with which we execute.”

 

He further said; “I would like to thank everyone who made this possible—our advisors and legal teams, our longstanding shareholders, the regulators both in Nigeria and in the UK, as well as the Nigerian government for creating an environment that supports our bold ambition and vision to be Africa’s leading financial services institution.”

GTCO’s fully marketed offering attracted long-term institutional capital, reflecting investor confidence in the Group’s fundamentals, governance, and strategic outlook.

 

It also signals improving market sentiment, buoyed by ongoing economic reforms by the Federal Government and a return to traditional orthodox monetary policy by the Central Bank of Nigeria, which have gone a long way to stabilising the macroeconomic environment and gradually restoring investor confidence in Nigeria’s long-term prospects.

 

About GTCO Plc
GTCO Plc is one of Africa’s leading financial services institutions with a longstanding track record of strong growth, service excellence, and shareholder returns. The Group operates across banking, payments, asset management, and pension administration in eleven countries, including Nigeria, the UK, and key African markets.

Continue Reading

Cover Of The Week

Trending