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FirstBank: Nigeria’s Premier Eco-Friendly Financial Brand.

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FirstBank: Nigeria’s Premier Eco-Friendly Financial Brand.

 

 

 

 

 

 

 

 

 

 

Concerning FirstBank, As the world gears up to celebrate World Environment Day (WED), Brand Communicator’s focus on Eco-Friendly Brands in the Nigerian market falls on Nigeria’s premier and perhaps the strongest financial institution, FirstBank of Nigeria Limited. The focus is on the Bank’s environmental policies and their impact on global environmental issues.

 

 

FirstBank: Nigeria’s Premier Eco-Friendly Financial Brand

 

 

 

 

 

 

 

This brings to fore the importance of environmental sustainability in our world today. Environmental sustainability is one of the biggest challenges and most important targets of the present times. Stakeholders (researchers, academicians, scholars, governments, and non-government organizations involving individuals, communities, countries, and the continents, are increasingly focusing their attention on how to tackle the challenges associated with driving environmental sustainability. Key stakeholder concerns include the constant exploitation of the environment due to economic development. While the current generation is enjoying the fruits of economic development, they tend to be oblivious of the uncertainty and dangers that future generations would confront as a result of scarce natural resources and a polluted environment. It is, therefore, our responsibility to leave the planet as a self-sustainable system providing equal opportunities for survival not only to our future generations but also to all other species co-habiting with us.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In Nigeria, studies have shown that various sectors of the economy are vulnerable to climate change. These include human settlements and health; water resources, wetlands and freshwater ecosystems; energy, industry, commerce, and financial services; agriculture, food security, land degradation, forestry, and biodiversity; coastal zone and marine ecosystems.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Because of the seriousness of climate change and the impact, it poses to the environment, an organization like First Bank of Nigeria Limited is leaving nothing to chance in ensuring an eco-friendly society. Its recognition of the environmental and social impacts of its operations has made it adopt policies and procedures that minimize negative environmental and social impacts.

 

 

 

 

 

 

 

 

 

 

 

In doing business, the Bank, which is Nigeria’s first and arguably its most prestigious, takes cognizance of potential environmental risks to nip them in the bud. This has done by constant interactions with stakeholders, driving sustainable insurance, and put necessary frameworks in place towards ensuring that its actions as a corporate entity do not impact negatively the environment.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As such, the sustainability of the societies and physical environments in which the Bank operates is critical to its own sustainable success. Therefore, the Bank has shown over the years that it is committed to making a positive contribution wherever it does business while avoiding or minimizing any direct or indirect negative impact on communities and the environment resulting from its activities, beyond its responsible lending and investment efforts. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The acknowledgment of the fact that its environmental impacts can be indirectly linked to climate change and its global effects have led the bank to adopt an approach to environmental sustainability which is two-fold based on its direct and indirect impacts. The approaches to reducing the direct impacts of its operations include the approach to minimizing carbon footprints and carbon offsetting; work towards carbon neutrality as well as promote wildlife and biodiversity conservation and preservation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In minimizing waste, the Bank works to improve energy efficiency in its data centers and offices as well as reduce air travel and implement safe paper use initiatives. It also increased the use of conference calls for meetings as against attending physical meeting schedules thereby minimizing fuel consumption and carbon emission from vehicles. It’s Going Green’ efforts have also seen the Bank purchase renewable energy; promote tree planting initiatives and the indirect impact of its activities focuses largely on responsible lending.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Bank’s key objectives of minimizing carbon footprints through the planting of trees, creating awareness among school children of the need to preserve wildlife and biodiversity, developing and educating environmentally conscious students through partnerships with reputable NGOs and institutions, are huge. The challenge in implementing this project is not just in identifying suitable locations with the right soil and climatic conditions for tree planting, but also in ensuring students’ participation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

These objectives and FirstBank’s responsible approach to protecting the environment have seen it partner with Nigerian Conservation Foundation (NCF), Nigeria’s premier non-governmental environment conservation foundation dedicated to nature conservation and sustainable development in Nigeria. Its ongoing partnership with the NCF has seen it actively support annual activities promoting conservation and preservation of wildlife and biodiversity.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The FirstBank Conservation Initiative is part of our long-term approach to promoting sustainability, which involves minimizing our direct and indirect impacts on the environment. And the success of this initiative is dependent on our meaningful engagement with our stakeholders.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With its huge expertise in environmental issues, the Bank found a worthy and perfect partner in the NCF to help implement this program successfully. The NCF used its experience and influence to engage the various stakeholders to support the program. This included utilizing its conservation clubs, which provided educational sessions for the students on the importance and benefits of conservation and supporting biodiversity. The subsequent enthusiastic participation of the students, and the encouragement they received from the Ministry of Education and school authorities, enabled the program’s objectives to be achieved.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

So far, 240 trees have been planted at the Lagos State Civil Service Model College Igbogbo in Ikorodu, and Evboesi Mixed Secondary School, Benin City. More than 1,000 environmental sustainability champions have also been appointed in these locations. These champions are young people who look after the trees and ensure that they are adequately cared for to help the bank achieve its afforestation goals. “The planting of trees is just part of our efforts to contribute to Nigeria’s green economy and to combat deforestation/desertification while recognizing the key role of children and young people in the sustainability agenda,” the Bank in a statement disclosed.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Through its partnership with Junior Achievement Nigeria (JAN), FirstBank sponsored the National Company of the Year (NCOY) Competition. The competition is an extension of the COY program that brings secondary students together to form a company, choose a business name and elect officers to oversee operations of the company for the program duration. It teaches students to put theory into practice to fully understand what financial literacy and entrepreneurship are.  At the end of the program, the students that complete the program successfully, compete in the regional competition and represent their school in the National Company of the Year competition in Lagos. In 2020, the New Phase from Brookstone Secondary School, Port-Harcourt, Rivers state emerged winner, producing an eco-friendly block. The eco-friendly construction blocks were made from plastic waste. These sustainable blocks are the next wave of sustainable construction.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beyond the initiatives above, responsible lending remains one of the strategic pillars in delivering the sustainability goals of the FirstBank Group. FirstBank has put in place an Environmental, Social and Governance Management System (ESGMS) to help the Bank integrate environmental social, and governance considerations into its decision-making processes. This includes an ESG policy and procedures for screening transactions. The ESG policy is based on existing policy documents and international best practices, while procedures to screen transactions are aimed at conducting ESG due diligence on potential transactions. These are based on Central Bank of Nigeria’s Sustainable Banking Principles, IFC Performance Standards, and international best practice and are tailored to FirstBank’s procedures, risk management framework, risk appetite, and tolerance, and adapted to its strategic objectives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The key objective of this policy is to ensure that all the transactions that FirstBank is considering funding, include adequate provision for actions necessary to prevent, control and mitigate negative impacts on the environment and communities, and improve environmental quality.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

With this, FirstBank has shown its commitment to integrating social and environmental principles in all its operations; promoting good corporate governance and ensuring social and environmental considerations are included in the business decision making; reviewing and managing potential social and environmental risks in its lending and investment processes and activities and reviewing all borrowers against the criteria like exclusion list; the International Finance Corporate Performance Standards, and other applicable international standards as well as the Nigeria Sustainable Banking Principles (NSBP) requirements.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other initiatives are, providing constant education and training for all staff on issues of environmental and social responsibility relevant to the business; regularly communicating to all stakeholders on the progress of commitments including achievements, challenges, and future direction; continuous improvement on how it identifies, assesses and manages Environmental, Social, and Governance (ESG) risks within its businesses.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The successful and productive implementation of the ESGMS has propelled the bank to integrate the associated checklist (which is usually completed by a relationship manager and verified by an analyst against the EIA report), into the bank’s credit application platform designed for reviewing credits. The goal is to ensure efficiency through automation as relevant implementation documents such as the environmental, social, and governance risks screening checklist will be fully automated.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

These initiatives over the years and activities have shown that environmental sustainability remains a key corporate responsibility & sustainability focus for FirstBank.

 

 

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GTCO Rated Nigeria’s Strongest Brand and Best Banking Brand in Nigeria

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GTCO Notice Of Proposed Offering

GTCO Rated Nigeria’s Strongest Brand and Best Banking Brand in Nigeria

Africa’s leading financial services institution, Guaranty Trust Holding Company Plc (“GTCO” or “the Group”), has added to its impressive haul of accolades as it was recently named Nigeria’s strongest brand and Best Banking Brand in Nigeria by Brand Finance and Global Brands Magazine, respectively. These awards not only reaffirm GTCO’s position as a leading financial services group but also spotlights the Group’s enduring reputation as a customer-focused brand.

Over the years, GTCO has demonstrated remarkable commitment to shaping the future of financial services in Africa and is renowned for its innovative approach to customer service and stakeholder engagement. The Group’s brand strength is underpinned by a strong commitment to delivering cutting-edge financial solutions, fostering meaningful customer relationships, and Promoting Enterprise using its proprietary free business platforms. Commenting on the two awards, the Group Chief Executive Officer of Guaranty Trust Holding Company Plc, Segun Agbaje, said: “These achievements are a reflection of our unwavering commitment to excellence, innovation, and customer satisfaction, as well as to building a truly international brand from our proudly African roots. We are delighted to receive these recognitions and inspired to continue delivering our promise of enriching lives with every opportunity.”

GTCO is a leading financial services group with banking operations in Nigeria, West Africa, East Africa, and the United Kingdom alongside non-banking verticals in HabariPay, Guaranty Trust Fund Managers, and Guaranty Trust Pension Managers. Its leadership in the banking industry and efforts at empowering people and communities has earned it many prestigious awards over the years. The Group’s flagship banking franchise, Guaranty Trust Bank, was named Nigeria’s Best Bank and Best Bank in CSR at the 2023 Euromoney Awards for Excellence, Best Banking Group in Nigeria by World Finance, and Best Bank in Nigeria by Global Finance. Guaranty Trust Bank is featured in the Top 1000 Banks in the World and Top 100 Banks in Africa rankings by The Banker.

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Nigerian Barrister Orbby Vanessa Agwuncha aka BossLadyLaw Honored at Visionary African Women Summit in Kigali*

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**Nigerian Barrister Orbby Vanessa Agwuncha aka BossLadyLaw Honored at Visionary African Women Summit in Kigali*

 

 

KIGALI, RWANDA – Barrister Obiageli (Orbby) Vanessa Agwuncha, popularly known as BossladyLaw, a distinguished Nigerian lawyer, was recently recognized and awarded at the Visionary African Women Summit, held from June 12th to June 16th, 2024, in Kigali, Rwanda.

The summit gathered influential women from across Sub-Saharan Africa who have significantly impacted their communities through their careers, philanthropy, and community development efforts. The event focused on ensuring women are seen as positive contributors to society, moving beyond traditional objectification and specialization roles often depicted in the media.

This summit marked a departure from the typical portrayal of African women, emphasizing their positive and contributory roles in various sectors. Barr Orbby, in her address, highlighted women’s rights and the legal protections available to them, using Nigeria as a case study. She discussed the existing legal loopholes and suggested improvements to better protect women’s rights.

In her speech, BossladyLaw expressed her gratitude to the organizers for inviting her as a guest speaker and recognizing her achievements in Nigeria’s legal profession.

She also severed the rights to women empowerment. where women can have financial stability.

“It imperative that Every women should attain a source of income no matter how small”

During the summit, Prof Ogechi Adeola the Deputy Vice Chancellor, University of Kigali Rwanda presented an award to Barr Orbby Vanessa Agwuncha, (BossladyLaw), she was elated.

The Visionary African Women Summit aims to create a thriving community of African women from various fields to inspire, empower, and equip them as nation builders. The event featured insightful keynote presentations, interactive panel discussions, networking sessions, award presentations, exhibitions, entertainment, and a tour of Kigali.

 

Nigerian Barrister Orbby Vanessa Agwuncha aka BossLadyLaw Honored at Visionary African Women Summit in Kigali*

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Detained Binance executive Gambaryan has access to quality medical care, Nigerian govt Reveals

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Detained Binance executive, Gambaryan has access to quality medical care, Nigerian govt Reveals

Detained Binance executive Gambaryan has access to quality medical care, Nigerian govt Reveals

 

 

The Nigerian Government has denied keeping Binance Executive, Tigran Gambaryan in unsavory prison conditions.

The government said Gambaryan is being lawfully detained and has access to quality healthcare facility.

Mohammed Idris, the Minister of Information and National Orientation, said Gambaryan also has access to consular services from his country.

 

Detained Binance executive, Gambaryan has access to quality medical care, Nigerian govt Reveals

 

A statement by Idris reads: “It has become necessary for the Federal Government of Nigeria to address claims that Binance Executive, Tigran Gambaryan is being held in unsavory prison conditions in Nigeria, or that his health is deteriorating.

 

 

“We would like to state that these allegations are false and should be ignored.

“Gambaryan is being held in lawful detention and has access to quality medical care whenever required.

“He also has full access to consular services from his home government.

 

 

“The Federal Government will not do anything to jeopardize his fundamental rights to lawful trial, and to quality care, including healthcare, even as he undergoes trial by the laws of the Federal Republic of Nigeria.

 

 

“It is worth reiterating that his detention is a court-ordered one, and only the court can alter the terms or direct his release.

 

 

“The Federal Government of Nigeria will continue to follow due process in its quest to bring Binance to justice — a legitimate sovereign quest that is similarly being pursued in several other countries around the world.

 

 

“This adherence to legal and diplomatic standards underscores Nigeria’s dedication to upholding justice and maintaining the integrity of its judicial processes.

 

 

“The executive is being treated with the utmost fairness, and his legal and human rights are being protected throughout the judicial proceedings.”

 

 

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