Business

Stanbic IBTC provides N6.7b facility for BAZE University Teaching Hospital

Published

3 years ago

November 16, 2021

Stanbic IBTC provides N6.7b facility for BAZE University Teaching Hospital

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has underscored its desire to help build robust education and health care systems in the country by providing funding for the building of BAZE University Private Teaching Hospital in Abuja.

At the commissioning of the teaching hospital, the Bank stated that the N6.7 billion facility provided to the university was a business decision that tied in with its commitment to help foster a robust educational sector and help build a sustainable health ecosystem that would enhance quality health services in the nation.

The 200-Bed private university teaching hospital building would help the institution produce world-class health professionals that would plug the manpower shortage in the sector as the hospital is set to provide approximately, 4,000 – 5,000 direct and indirect jobs. According to the Bank, equally important is that the hospital would be a great addition to the health sector and help improve access to quality healthcare for thousands of Nigerians on a daily basis while also creating employment opportunities.

Stanbic IBTC also sponsored the BAZE University Cultural Day Ceremony, which formed part of the activities lined up to mark the institution’s 10th anniversary.

In an interview at the event, Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC, stated that the Bank was delighted to have been given the opportunity not to only finance the building of the private teaching hospital but also to be accorded the honour to sponsor part of the school’s activities to mark the celebration of a remarkable decade-long journey.

“At Stanbic IBTC, we believe that education and health are pivotal to sustainable economic development. As such, it is our corporate duty to support the sectors whichever way we can. We are delighted that this prestigious university took advantage of our facility as well as included us to be part of its private hospital commissioning and its 10th-anniversary celebrations. We hope it continues to strive to provide quality education and healthcare for Nigerians,” Demola said.

The commissioning of the BAZE University Private Teaching Hospital was held alongside the institution’s 7th and 8th convocation ceremonies, and its 10th year anniversary celebrations, which took place from 17-23 October. Dignitaries in attendance included Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC and Remy Osuagwu, Executive Director, Business and Commercial Clients, Stanbic IBTC Bank PLC, amongst others.

While delivering a speech at the ceremony, Professor Tahir Mamman, Vice-Chancellor of BAZE University, commended Stanbic IBTC for its contributions. According to the Vice-Chancellor, the kind support of Stanbic IBTC helped actualize the building of the hospital. Mamman also thanked Stanbic IBTC for its contributions to making the anniversary ceremonies and commissioning of the hospital a success. He added that such support would go a long way to enhance the well-being of the school and Nigeria in general.

Stanbic IBTC will continue to support similar initiatives and events that recognize landmarks in the Nigerian educational system, Demola assured.

Business

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

Published

13 hours ago

December 21, 2024

Sahara Weekly

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.

Business

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

Published

20 hours ago

December 21, 2024

Sahara Weekly

Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

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.

Business

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

Published

2 days ago

December 20, 2024

Sahara Weekly

Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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.