BUSINESS
Nigerian, Ibironke Adeagbo Named into International Charity Board
A Nigerian, Mrs Ibironke Adeagbo, has been named board member of the international charity, Streetinvest, barely three months after she made the list of eight Nigerians, honoured for `breaking the glass ceiling’ in the UK.
The eight Nigerians were honoured last October in London for their outstanding performances in various fields of human endeavours while in the diaspora.
Adeagbo, 52, who is a graduate of the Onabisi Onabanjo University, Ago Iwoye in Ogun, is a chartered accountant and the Chief Executive Officer of IA-Foundation, a charity based in London, England.
IA-Foundation is active in Nigeria, where the group is working to lift the human condition of out-of-school children and the girl-child, to ensure they are educated, to curb insecurity and poverty.
In a letter to Adeagbo, announcing her appointment as treasurer of Streetinvest, the Chairman of the group, Mr Cees Kramer, said that “Ronke would be a brilliant addition to Streetinvest in its drive to improve street children’s lives around the world’’.
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He described Adeagbo as a well-rounded quintessential accountant with immense integrity and credibility, who would add huge value to the strategic growth of Streetinvest as a global operator.
Speaking on her appointment in a telephone interview yesterday, Adeagbo said she was honoured to be appointed as treasurer and board member of Streetinvest.
She assured that she would replicate the success story of IA-Foundation in Streetinvest, to make the group a global brand.
She said she had a passion for adding value to the lives of children anywhere in the world, especially the less-privileged ones in developing countries such as Nigeria.
In a related development, Adeagbo has applauded Gov. Babagana Zulum of Borno for signing the state’s Child Protection Bill into law.
She noted that Borno had become the 29th state in Nigeria to sign the bill into law, describing the development as encouraging.
“This will further protect children on the streets in their transition to getting off the streets into the classroom,” she stated.
Adeagbo pleaded with other states in Nigeria, yet to sign the bill into law to do so without further delay, to give children in Nigeria renewed hope and future. (NAN)
The Nigerian Exchange Ltd. (NGX) continued its bullish trend on Wednesday, gaining N183 billion.
Accordingly, the market capitalisation, which opened at N59.532 trillion, gained N184 billion or 0.31 per cent to close at N59.715 trillion.
The All-Share Index also added 0.31 per cent or 303 points, to settle at 98,509.
68, against 98,206. 97 recorded on Tuesday.Consequently, the Year-To-Date (YTD) return increased to 31.
74 per cent.Gains in Aradel Holdings, Zenith Bank, United Bank For Africa(UBA), Oando Plc, Nigerian Breweries among other advanced equities drove the market performance up.
Market breadth closed positive with 34 gainers and 17 losers.
On the gainers’ chart, Africa Prudential, Conoil and RT Briscoe led by 10 per cent each to close at N14.30, N352 and N2.42 per share, respectively.
Golden Guinea Breweries followed by 9.95 per cent to close at N7.18, while NEM Insurance rose by 9.74 per cent to close at N10.70 per share.
On the other hand, Julius Berger led the losers’ chart by 10 per cent to close at N155.25, Secure Electronic Technology Plc trailed by 9.52 per cent to close at 57k per share.
Multiverse lost 7.63 per cent to close at N5.45, Haldane McCall dropped 6.07 per cent to close at N4.95 and Honeywell Flour shed 5.62 per cent to close at N4.70 per share.
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 49.44 per cent.
A total of 320.10 million shares valued at N6.48 billion were exchanged in 7,943 deals, compared with 939.41 million shares valued at N12.81billion traded in 9,098 deals posted in the previous session.
Meanwhile, ETranzact led the activity chart in volume with 70.27 million shares, while Aradel led in value of deals worth N1.22 billion.(NAN)
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 22 pips to 7.1870 against the dollar on Monday.This is according to the China Foreign Exchange Trade System.In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (Xinhua/NAN)
Arewa Youths Initiative for Energy Reforms (AYIFER), has urged Nigeria National Petroleum Corporation Limited (NNPCL) to do everything possible to bring Kaduna Refinery back into operation.
National Coordinator of the group, Mr Bashir Al’Amin, stated this in a statement issued on Friday in Abuja.
Al’Amin specifically called on the Chief Executive Officer of NNPCL, Mallam Mele Kyari, to do all within his powers to rejuvenate the refinery and bring it up to global standard.
He said that having delivered the Port Harcourt refinery, coupled with the establishment of Dangote Refinery in Lagos, attention should be shifted to Kaduna refinery for easy spread of petroleum products.
“We are calling on Malam Mele Kyari to expedite action on Kaduna refinery so we can be at par with other regions in the country.
“We equally beg the NNPCL to do professional work in rehabilitating the old refinery and deliver a standard and functional petrochemical refinery and not a blending plant.
“Kyari should resist any temptation that could make him do something that can jeopardise his good image,” he said.
Al’Amin said that since the extinction of groundnut pyramid and textiles in Kano State as well as PAN in Kaduna State and with the Kaduna refinery getting moribund, a lot of youths had lost their jobs.
According to him, all their hopes in the north are tied to the legacy refinery, expressing the hope that God would use Kyari to deliver it well and on time.
He said that the group was solidly behind NNPCL in prayer and would be ready to celebrate the company if its expectations were met. (NAN)
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