Stanbic IBTC, a member of Standard Bank Group, has again highlighted its resolve to maintain a gender-balanced workforce to ensure it continues to provide quality financial services to clients and Nigerians. The pledge was given at the 2019 Stanbic IBTC Blue Women Network (BWN) fifth anniversary event held in Lagos. The BWN, inaugurated five years ago, has consistently organised the BWN event to commemorate the yearly International Women’s Day (IWD) celebrations. The 2019 IWD theme, “#BalanceForBetter” wasa significant opportunity for Stanbic IBTC to celebrate its gender-balanced workforce and its efforts to promote a gender-balanced workplace in society.
The Chief Executive, Stanbic IBTC Holdings PLC, Mr Yinka Sanni, in his opening speech at the BWN event, said Stanbic IBTC is proud to showcase not only its equal opportunity policy, but also its efforts to promote a gender-balanced workplace in society. “In our 30-year history, we have always insisted on equal opportunity. We have also continued to lead the charge in empowering women. This gives me joy and is something that we are fully committed to as an organization,” Sanni said.
According to the CE, “I am pleased to let you know that Standard Bank Group has recently joined hands with ‘HeForShe’ (UN Women Solidarity Movement for Gender Equality). Our Group Chief Executive, Sim Tshabalala, is amongst other African leaders who have already signed up as a ‘HeForShe’ Impact Champion.” On March 8, the official International Women’s Day, Stanbic Bank made a bold statement by changing the colour of its logos from blue to magenta, colour of the UN Women HeForShe brand, on the vast majority of its digital platforms, he added.
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The Stanbic IBTC Blue Women Network is a platform established to provide the women in Stanbic IBTC the opportunity to engage and share knowledge/information among themselves and in the process gain new insights that will enhance their professional skills.
In line with the balance theme, Founder/CEO of Channels TV, Mr John Momoh, and the Executive Secretary, Nigerian Investment Promotion Commission, Mrs Yewande Sadiku, who was an ED in Stanbic IBTC before joining government, acted as resource persons for the event. Momoh narrated how he started Channels TV with his wife and how his equal opportunity policy has helped to catapult the TV station to the top of the pile in television programming. Sadiku drew on her over 21-years of work experience with Stanbic IBTC and how she was never discriminated against based on her gender to encourage members of the BWN, especially the young ones, to remain hard working, dedicated, focussed, and creative in their duties. She urged them to take advantage of the opportunity provided by Stanbic IBTC to advance their career while admonishing them not to use their gender as an excuse to be sloppy at work.
The chairperson of BWN, Nike Bajomo, who is an executive director, said women have a duty to be diligent at work and be positive about career growth, otherwise, the famed glass ceiling will limit advancement. “I urge you to do your bit to ensure that the future for the female folk is positive, equal, safe and fulfilling. I don’t see glass ceilings preventing me from attaining success. If you do, then you are getting in your own way,” Bajomo said.
The 2019 edition of the Blue Women Network magazine was officially unveiled at the event. The BWN is an initiative of Stanbic IBTC – with a focus on deliberately driving career growth and development of Stanbic IBTC women.
In a show of its commitment to gender equality, Stanbic IBTC made a bold statement on the International Women’s Day (March 8) by changing the colour of its logos which are predominantly blue, to magenta on most of its digital platforms. Magenta is the colour of the UN Women ‘HeForShe’ brand.
As part of activities to mark the IWD 2019, the Stanbic IBTC Blue Lab, which has as one of its mandate the task to build affinity within the technology ecosystem through events targeted at building capacity/providing insights, hosted a panel discussion session tagged ‘Women in Tech’ on Saturday 16 March 2019. The event provided a veritable platform for the financial institution to educate young females who work in technology field through the experiences and career learning of select speakers. On the panel were Helen Udoh, Head, Quality Assurance and Software Testing, Stanbic IBTC, Amaka Nwosu, Head, Mobile Channels and Acquiring, Stanbic IBTC, Temidayo Ominiyi, Head, Product Assurance and Customer Care, Stanbic IBTC, and Foluso Gbadamosi, Director, Product Business Process and Technology, Prime Atlantic Group.
Bridget Oyefeso-Odusami, Head, Marketing and Communications, Stanbic IBTC, in her opening address, stressed the importance of women supporting each other and creating balance in the workspace. The well attended session was both engaging and inspirational.
Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal
…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets
Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.
To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.
“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.
In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”
According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.
Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.
Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.
NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational
The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.
In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.
“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.
NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.
The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.
In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.
The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.
“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.
The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.
Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.
The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.
This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.
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