Category: Business & Economy

Brass Fertilizer & Petrochemical Company Limited (BFPCL) has secured a $6 billion offshore facility from BP Oil International Limited, London for the take-off of its methanol plant in Bayelsa State.

According to the Company’s Vice Chairman, Chief Ben Okoye,

“Phase one of the project has commenced following the securing of $6 billion from BP Oil International Limited, London. We also secured 25 years 300millions of standard cubic feet per day (mmscf/d) gas supply from Shell Petroleum Development Company of Nigeria Ltd (SPDC-JV).

The project is designed to be built in two phases and phase one which is expected to come on stream in 2020, will produce 1.66 million metric tonnes (MT) of methanol and 1.3 million metric tonnes of urea per annum. Phase one also includes a dedicated Export Jetty and a 300 mmscf/d gas processing plant. On completion, the project is expected to generate an annual turnover of $1.5 billion. The project is extremely strategic to the country’s agricultural and industrial sectors. It will contribute to the country’s self-sufficiency in fertilizer and methanol based industrial raw materials.”

On jobs creation, the project will employ 15,000 workers indirectly during construction and 5,000 permanent workers after the project is completed.”

First Bank of Nigeria Limited has won the “Best Banking Brand, Nigeria 2016” & “Best Banking Performer, Nigeria 2016” in the Global Brands Awards. The awards are instituted to identify and recognise the significance of exceptional service delivery and reward performance with the ultimate global recognition.

According to Global Brands Magazine, the awards reflect the countless hours of time and efforts spent by FirstBank employees in achieving the vision of the company and making its customers happy.

Group Head, Marketing and Corporate Communications, First Bank of Nigeria Limited, Mrs. Folake Ani-Mumuney, stated that;

“The awards are a testament to FirstBank’s unwavering commitment to put customers first and at the heart of our business in line with our ‘You First’ mantra. We will always deliver the ultimate ‘gold standard’ of value and excellence”. Our financial services knowledge and practices lead the market in ensuring that we understand our customers and surpass their expectations  as we  strive for a better way of delivering first-class service and experience.”

Global Brands award winners were chosen among large nominees evaluated by an external research team based on data collected from different sources including third party data providers and annual reports.

Guaranty Trust Bank Plc (GTBank), has been awarded ‘Best Corporate Governance, Africa’, in the Financial services category at the 2017 Corporate Governance Awards.

The event, organized by the Ethical Boardroom Magazine, recognizes outstanding companies who have exhibited exceptional leadership in the area of governance and professional ethics.

According to Mr. Segun Agbaje, Managing Director and Chief Executive Officer of GTbank;

“Our ardent commitment to global best practices and standards has seen us emerge the first Nigerian Bank to fully implement all ISO certifications namely; ISO/IEC 27001- for Information Security, ISO 20000 – for IT Service Management and ISO 22301 – for Business Continuity Management and PAS 99:2012 Integrated Management System certification by the British Standard Institute (BSI).

Presently, the Bank has the best credit rating assigned to any Nigerian Bank by both local and international rating agencies (B/stable by Standard & Poor’s and B+ by Fitch Rating), which further attest to our adherence to international best practices and standards.”

FIABCI Best Journalists in Nigeria’s Real Estate Sector

Chinedum Uwaegbulam (Property Editor) – The Guardian

Awarded for his professionalism and ingenuity in analysing issues and promoting the development of the building industry in the country.

Chuka Uroko (Reporter) – BusinessDay

Awarded for his deep understanding of the dynamics and economics of the real estate market, by consistently providing insights and market intelligence that have aided investment decisions by small, big, local and foreign investors. Uroko, a graduate of English Language from the University of Nigeria (UNN), started his career in journalism as a Proof Reader in Vanguard Newspaper, from where he joined BusinessDay as a Sub-Editor, a function he combined with Politics/Governance reporting.

Architectural and Design Award

ACCL

The Most Influential Investor in the Sector Award

Actis

The Most Influential Financial Partner in Real Estate Award

Stanbic IBTC Bank

The Most Influential Developer in the Industry Award

UPDC Property Development Company

The awards were presented by the International Real Estate Federation (FIABCI), Nigeria chapter at the second FIABCI yearly award and business dinner with the theme: “ Real Estate: It is all about the Economy” in Lagos.

The awardees were celebrated by the professional body, which comprises top real estate developers, investors, real estate reporters and members of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) after a rigorous selection process conducted by an award selection committee headed by Samuel Eboigbe, an estate surveyor and valuer.

Nigeria’s non-banking financial intermediary company, Rosabon Financial Services, has emerged winner of Middle East and Africa (MEA) Bespoke Wealth Management Services business award for 2016.

Rosabon Financial Services was declared winner as a result of its outstanding record in creating wealth management solutions – the first Nigerian owned company to be awarded such honors in Africa.

Peacock Travels and Tours Limited, United Kingdom (UK), a subsidiary of Peacock Group in Nigeria, has won the 2016 Outstanding Achievement Award at the Carrier Preferred Partner Awards 2016.