COVID-19: AMEN tasks FG on effective support scheme for SMEs

COMFORT EKELEME, Asst Business Editor

Despite several measures put in place by the federal government to cushion the effect of the COVID-19 pandemic on small businesses in Nigeria, Association of Micro Entrepreneurs of Nigeria (AMEN) has raised alarm over the future of Small and Medium scale Enterprises (SMEs), saying that there is need for adequate support in order to save the sub-sector.

Zenith Bank ranked number one bank in Nigeria by Tier-1 Capital

Zenith Bank Plc has again emerged as the Number One Bank in Nigeria by Tier-1 Capital in the 2020 Top 1000 World Banks Ranking published by The Banker Magazine. Climbing a whopping 29 spots from 415 in 2019 to 386 in the 2020 global ranking of banks, Zenith Bank retained its position as the number one Tier-1 bank in Nigeria with Tier-1 Capital of $2.79 billion, an increase of 16.1% on the $2.40 billion recorded in the 2019 rankings.

MAN members should adhere to NCDC, PTF protocols –Ahmed

COMFORT EKELEME, Asst. Business Editor

As the COVID-19 Pandemic is currently ravaging world economies with Nigeria recording 26,484 confirmed cases and 603 deaths, President, Manufacturers Association of Nigeria (MAN) Mansur Ahmed has urged members adherer strictly to the Nigeria Centre for Disease Control (NCDC) and Presidential Task Force (PTF) protocols.

Cadbury Nigeria lauds Peterside for leading transformational growth

 Cadbury Nigeria Plc has  commended  Mr.  Atedo  Peterside,  its  immediate  past  Chairman,  for  his  unwavering leadership through a period of transformational change. 

 In  a  statement,  The Managing Director, Cadbury Nigeria, Mrs.  Notebooks Adeboye,  said  Mr. Peterside, who announced his resignation from the Board of the Company on June 30, 2020, contributed significantly to the company’s growth.  

“Cadbury  Nigeria  Plc  has  benefitted  from  Mr.  Peterside’s  wealth  of  experience",  Mrs. Adeboye said, adding:. “His inspiring leadership style and astute management skills have been of significant value to our Company.” 

 She stated hat Peterside  has  been a  great  support  to  executive  management, challenging and encouraging the team through the years. 

She also said the Board, Management and Staff of Cadbury Nigeria appreciated the immense contributions of  Peterside to the success of the Company and wish him well in his future endeavours.  

Mr. Peterside has been a member of the Board of Directors of Cadbury Nigeria since 5th August 2009. 
He became Chairman on 21st April 2010. He announced his resignation from the Company on 30th June 2020, to move on to concentrate on other challenges. 
In a statement announcing his resignation, Mr. Peterside said: “We successfully held our 55th Annual  General  Meeting  (AGM)  last  week  and  our  Managing  Director  has  settled  nicely  and consolidated her position over the course of the last 15 months. 
 “The Company is  on a profitability path that can be sustained  if  normal trading conditions are allowed to prevail. The Board of Cadbury is well endowed and my departure from the Board also enables the Company to inject a new independent director into the fold. The periodic injection of "new blood" is good for the system especially when further diversity is achieved in the process viz geography, demography and the injection of new and varied skill sets.”  

Shareholders at the AGM had commended Peterside for transforming Cadbury Nigeria since he joined the Board of the Company.   


For a better society

Corporate Governance award: Shareholders laud mgt of FirstBank

COMFORT EKELEME, Asst Business Editor

The recent Best Corporate Governance in Nigeria award won by FBN Holdings Plc has continued to receive commendations, as shareholders  of the bank have attributed the success story to proactive management team led by , Urum Kalu Eke, the Group Managing Director, FBN Holdings.