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Lafarge Africa Launches 2015 Sustainability Report

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  • Lafarge Africa Launches 2015 Sustainability Report

Lafarge Africa Plc, a leading construction solutions company in Nigeria, has launched its debut Sustainability Report in line with the latest standard of the Global Reporting Initiative’s (GRI) G4. This makes the company one of the few in Nigeria to achieve the reporting best practice. The 2015 Sustainability Report was unveiled at the Grand Finale of the third edition of the Lafarge Africa National Literacy Competition at the MUSON Centre in Lagos, last week.

While espousing on the strategic intent for initiating the report, Chairman of Lafarge Africa Plc, Mr. Mobolaji Balogun, explained that sustainability is a key part of Lafarge’s corporate strategy, both at the Group and in Nigeria. According to him, Lafarge’s sustainability development strategy, also known as The 2030 Plan, remains the company’s internal roadmap on how it intends to play its own part in addressing the planet’s biggest issues as the company has the opportunity and responsibility to make a positive difference.

“The Sustainability Report is, therefore, part of our methodology of increasing our level of transparency in sharing our sustainable development performance with our stakeholders,” Balogun disclosed, adding that the report is a voluntary disclosure, beyond listing requirements. He also informed that the report reiterates Lafarge’s commitment to promoting best practices and engaging with the company’s internal and external stakeholders.

Also commenting on the development, the MD/CEO of Lafarge Africa, Mr. Michel Puchercos, said: “Driven by our ambition to set new standards and help transform the way our industry works, this report helps us to review, prioritize and take key decisions for improving our company’s sustainability efforts.’ Puchercos also informed that sustainability sets Lafarge apart in how the company intends to conduct its business in Nigeria.”

“It is an integral part of our operations, being one of the six pillars of Lafarge’s strategy and our vision aligns with the LafargeHolcim Group’s Sustainability Strategy, The 2030 Plan, which sets up on the path of Building for Tomorrow,” he said.

While noting that 2015 was a landmark year for sustainable development, Puchercos said Lafarge Africa is happy to be launching the report for the same year when the Paris agreement held, following the COP21 conference on climate change and the launch of the United Nations Sustainable Development Goals.

Lafarge Africa is a member of LafargeHolcim Group, following the successful global merger of Lafarge and Holcim in a transaction called ‘a merger of equals’ in 2015. With operations in 90 countries and about 100, 000 employees, LafargeHolcim is the world leader in building construction materials.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Buhari Doubles Npower Beneficiaries to 1 Million, Increase GEEP by 1 Million, School Feeding by 5 Million

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Sadiya Farouq

In an effort to speed up the process of lifting 100 million Nigerians out of poverty in the next 10 years, President Muhammadu Buhari has directed the Ministry of Humanitarian Affairs, Disaster Management and Social Development to double the number of Npower beneficiaries from the old 500,000 to 1 million.

The President also instructed the ministry to increase the number of beneficiaries of the Government Enterprise and Empowerment Programme (GEEP) by another 1 million and expand the beneficiaries of the Home-Grown School Feeding by 5 million.

Sadiya Farouq, the Ministery disclosed this on Monday during a ministerial media briefing in Abuja.

She said: “In a bid to realise Mr. President’s commitment to lift 100 million Nigerians out of poverty in the next 10 years, the ministry places significant emphasis on youth empowerment by strategically ascertaining youth engagement as a foundational objective in implementing the following strategies: double the scope of the National Social Investment Programmes.

“Mr. President has graciously approved the expansion of all NSIP programmes. Such as increase of N-Power beneficiaries from 500,000 to 1,000,000, increase GEEP beneficiaries by 1,000,000 and increase of beneficiaries of Home-Grown School Feeding by 5,000,000.”

This was coming a few days after the ministry through the support of the Central Bank of Nigeria launched NEXIT for the Batch A and B exited Npower beneficiaries to apply for the apex bank job options. For a detailed breakdown of how to register for NEXIT, click here.

Speaking on the success of the National Social Register, the minister said around 3.7 million households comprising of more than 15.5 million individuals have been captured so far.

In championing Social Inclusion, deliberate efforts were made to capture vulnerable youth and groups which included Women, People with Special Needs, in the expansion of the National Social Register by one million households. Also, in the Economic Sustainability Plan, we have over 1,000,000 urban poor in the National Social Register.

“As of June 2020, 4.41 per cent of the total number of individuals captured in the National Social Register are recognised as persons with special needs. This comes to a total of 685,090 persons with special needs in the National Social Register.

“About 3.7 million households comprising of more than 15.5 million Individuals have been captured on the National Social Register. Of that number, over 2.8 million of the households which comprise of 13.5 million individuals are eligible for Conditional Cash Transfer. This numbers are spread across the 36 states and FCT. The numbers are further broken down to 7.6 million males and 7.9 million females as shown on the screen,” she said.

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Access Bank Seals Seplat Petroleum Headquarters Over Debt

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seplate to announce financial results on July 29, 2020

Access Bank Plc on Thursday sealed the building in which Seplat Corporate Headquarters is located at 16 A Temple Road, Ikoyi, Lagos in connection to a loan Seplat Petroleum Development Company Plc claimed were obtained by Cardinal Drilling Services Limited, a third party providing drilling services to Seplat.

In a statement quickly put out by Seplat, the company said while it understands that Cardinal Drilling has outstanding loan obligations to Access Bank, Seplat is not a shareholder of Cardinal Drilling, nor has outstanding loan obligations or guarantees to Access Bank.

The statement reads in part, “We understand that Cardinal Drilling has outstanding loan obligations to Access Bank. However, SEPLAT is neither a shareholder in Cardinal Drilling, nor has outstanding loan obligations or guarantees to Access Bank and did not at any time make any commitments or guarantees in respect of Cardinal Drilling’s loan obligations to Access Bank.

“SEPLAT strongly believes that there is no merit or justification for this action against it and has taken prompt legal action to vacate the court order pursuant to which the building was sealed. This action was taken by Access Bank without any prior notice to SEPLAT, as required under Nigerian law.

“SEPLAT will vigorously defend against this improper action to the full extent of the law and will seek all appropriate legal remedies.”

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COVID-19: Demand for Second Passport by High Net Worth Individuals Surges 50 Percent

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The number of high net worth individuals looking for a second international passport in order to improve their global access rose by 50 percent year-on-year, according to the latest statement from the deVere Group.

The group said national lockdowns, borders and travel restrictions have helped boost enquiries for second passports, citizenships and overseas residencies this year.

deVere Group, an independent financial advisory firm, that manages over 100,000 clients globally said demand for its residency and citizen service skyrocketed in this highly unusual year.

Most of the enquiries were from high net worth individuals from the U.S., India, South Africa, Russia, the Middle East and East Asia “who are seeking alternative options in Europe and the Commonwealth.”

According to Nigel Green, the Founder and CEO of deVere Group, “Previously, a second passport, citizenship or residency were regarded by many as the ultimate luxury item; a status symbol like yachts, supercars and original artwork.

“While this still remains the case, there’s also been a shift due to the pandemic.

“Now, second citizenship or overseas residency are increasingly becoming not just a ‘nice to have accessory’ but a ‘must have.’

“Whether it be for personal reasons, such as to remain with loved ones overseas or be able to visit them, or for business reasons, a growing number of people are seeking ways to secure their freedom of movement as they have faced travel restrictions which are, typically, based on citizenship.”

He continues: “The pandemic has served as a major catalyst for demand which skyrocketed this year. It has focused minds to secure that second passport or elite residency.

“However, the appeal for is broader than just the global Covid-19 crisis.

“Increasingly people prefer the concept of being a global citizen, rather than being solely tied to the country of their birth.

“They too value the many associated benefits including visa-free travel, world-class education, optimal healthcare, political and economic stability, reduced tax liabilities and wider business and career opportunities.”

However, nations have different criteria for granting citizenship, including time spent in the country, the ability to prove the legal source of funds and zero criminal records.

For instance, Portugal’s residency program requires just two weeks every two years of residency to gain the benefits, including the right to live, work, study and open a business there, as well as travel across the 26 countries of Europe’s Schengen area.

“More and more nations are running citizenship-by-investment programs, in which applicants invest an amount of money in a sponsoring country typically in high-end, new-build real estate developments in exchange for permanent residency, citizenship, or both,” affirms James Minns, deVere’s Head of Residency & Citizenship.

“These programmes, which high-net-worth individuals regard as invaluable insurance, are typically based on property investments that start from 250,000 EUR.”

Nigel Green concludes: “These highly unusual times have fuelled the surge in demand for second passports.

“The pandemic has brought into sharp focus what really matters to people: family, freedom and security.”

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