Dr. FitzGerald is a seasoned executive in Energy & Water, with hands-on experience in transformation through her many years of working at Shell, ranging from building its lubricants business in China to running its Global Retail network.
From 2007-2010, she was accountable for Shell’s Downstream strategy and played a key role in reshaping Shell’s renewables strategy including the creation of Raizen, a game-changing biofuels JV with Cosan. From 2013 to 2018 she ran gas distribution and water & waste networks for National Grid and Severn Trent where she successfully positioned them as a sustainability thought leaders in their industries.
Most recently Dr. FitzGerald served as CEO of Puma Energy International, a global energy company owned by Trafigura and Sonangol, which is focused on high potential developing markets in Africa, Asia and Central America.
In 2020 she set up Puma’s Future Energies division to play a critical role in helping customers and communities find the right energy solutions to support the energy transition.
Over the last 10 years, she has served on various Boards in executive and non-executive capacities and currently sits on the board of UPM Kymmene, an international paper & biomaterials business focused on innovating for a future beyond fossil fuels.
“The Board of SEPLAT Energy is indeed delighted to have Dr. Emma Fitzgerald on board as she brings vast knowledge in important areas such as the energy sector, renewables and sustainability. SEPLAT Energy has a great future ahead and looks forward to the enormous contribution she will make towards its continuing global success.”
According to the National Bureau of Statistics (NBS) report for the month of May 2021 on transport watch, the average fare paid by commuters for journey by motorcycle (Okada) per drop increased by 3.01% month-on-month and by 84.13% year-on-year to N291.18 in June 2021 from N282.67 in May 2021.
According to the report made available to Brand Spur, states with the highest journey fare by motorcycle per drop were:
States with the highest journey fare by motorcycle per drop were Lagos (N462.08), Yobe (N458.11) and Taraba (N450.17)
States with the lowest journey fare by motorcycle per drop were Adamawa (N105.29), Niger (N170.54) and Sokoto (N170.55).
Photo by Tomsadventures
Bus transport fare within the city
The average fare paid by commuters for bus journeys within the city increased by 2.80% month-on-month and by 78.41% year-on-year to N410.23 in June 2021 from N399.06 in May 2021.
States with the highest bus journey fare within the city were Zamfara (N650.88), Bauchi (N608.24) and Taraba (N527.12)
States with the lowest bus journey fare within city were Oyo (N206.40), Abia (N220.17) and Borno (N278.17).
Bus transport fare journey intercity
The average fare paid by commuters for bus journey intercity increased by 1.28% month-on-month and by 38.32% year-on-year to N2,522.44 in June 2021 from N2,490.60 in May 2021.
States with the highest bus journey fare intercity were Abuja FCT (N4,658.10), Lagos (N3,584.12) and Sokoto (N3,385.13)
States with the lowest bus journey fare within the city were Bayelsa (N1,800.05), Bauchi (N1,860.32) and Enugu (N1,861.63).
Air Transport Fare
The average fare paid by air passengers for specified routes single journey increased by 0.30% month-on-month and by 19.25% year-on-year to N36,662.57 in June 2021 from N36,552.70 in May 2021.
States with the highest airfare were Bauchi (N38,800.00), Rivers (N38,750.00), Anambra (N38,700.00)
States with the lowest airfare were Akwa-Ibom (N33,000.00), Sokoto (N33,785.00), and Gombe (N35,300.00).
WaterWay Transport Fare
The average fare paid by passengers for waterway passenger transport increased by 0.95% month-on-month and by 33.41% year-on-year to N836.23 in June 2021 from N828.35 in May 2021.
States with the highest fare by waterway passenger transport were Delta (N2,487.55), Bayelsa (N2,400.67) and Rivers (N2,298.35)
States with the lowest fare by waterway passenger transport were Borno (N268.22), Gombe (N365.34) and Abuja FCT (N369.54).
Nigeria’s total value of capital importation has recorded a quarter-on-quarter decline of 54.06 per cent in the second quarter of 2021, the National Bureau of Statistics (NBS) has revealed.
According to the Bureau, the total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1,905.89m in the first quarter of 2021. This represents a decrease of -54.06% compared to Q1 2021 and a -32.38% decrease compared to the second quarter of 2020.
The largest amount of capital importation by type was received through portfolio investment, which accounted for 62.97% ($551.37m) of total capital importation, followed by Other Investment, which accounted for 28.13% ($246.27m) of total capital imported and Foreign Direct Investment (FDI), which accounted for 8.90% ($77.97m) of total capital imported in Q2 2021.
By sector, Capital importation by Banking dominated in Q2 2021 reaching $296.51m of the total capital importation in Q2 2021.
The United Kingdom emerged as the top source of capital investment in Nigeria in Q2 2021 with $310.26m. This accounted for 35.43% of the total capital inflow in Q2 2021.
By Destination of Investment, Lagos state emerged as the top destination of capital investment in Nigeria in Q2 2021 with $780.06m. This accounted for 89.09% of the total capital inflow in Q2 2021.
By Bank, Stanbic IBTC Bank Plc emerged at the top of capital investment in Nigeria in Q2 2021 with $310.21m. This accounted for 35.43% of the total capital inflow in Q2 2021.
Prestige Assurance Plc, a non–life insurance business with over sixty years of experience in Nigeria reports growth in its profit after tax from N620.348 million recorded in the first six months of 2020 to N776.5 million in the first half of 2021.
From the results made available to Brand Spur, the Gross Premium Income of the Prestige Assurance increased by 38.86% compared with the previous period.
Net premium income for the non-life insurer soared by 34.82 percent from N1.916 billion in H1 2020 to N2.584 billion in H1 2021. The company’s underwriting expenses grew to N2.262 billion in the period under review, up by 51.43 percent in comparison to N1.494 billion in the same period of 2020.
Total assets climbed by 4.96% to N19.423 billion from N18.505 billion for the period.
The Shareholder’s Fund of the Company increased by N3.78 Billion representing 41.72% Increase when compared with 30th June 2020 and as well 3.59% growth when compared with December 2020.
The company’s core areas of business include motor, marine, bond, engineering, fire, aviation, oil and gas and general accident. The Company is known for providing expert knowledge especially in high-risk businesses such as aviation, marine, oil and gas.
A Kaduna State High Court has ordered the release of the leader of the Islamic Movement of Nigeria, Ibrahim El-Zakzaky, and his wife, Zeenah Ibrahim.
Brand Spur Nigeria reports that the couple had been in jail for six years. This follows a bloody clash between his followers and soldiers in Zaria, Kaduna State.
Zakzaky and his wife had been standing trial in the court for a few years on an eight-count charge of alleged culpable homicide, disruption of the public peace, and unlawful assembly among others leveled against them by the Kaduna State Government.
The hearing resumed on Wednesday and the couple were been brought to court by officials of the Nigerian Correctional Service amidst tight security.
His no-case submission was upheld by Justice Gideon who stated that the prosecution failed to establish a prima facie case against the defendants.
An island country of eternal spring and ultra-modern digital economy is Saint Kitts and Nevis. Since 1983, this country has attracted wealthy people worldwide with the help of local citizenship-by-investment programs. And the demand for Saint Kitts citizenship is growing every year due to seven reasons:
Saint Kitts and Nevis: 7 reasons to buy a Caribbean passport | Brand Spur Nigeria
Obtaining a passport is very simple: you can apply for citizenship in 3-4 months and record 45 days at extra charges. The requirements for the investor are minimal, there are no restrictions on knowledge of the language or residence, and the package of documents is small compared to other countries.
There is a real tax haven on the island: no income tax, as well as property, wealth, donations, inheritance, and dividends taxation.
This passport allows traveling without visas: citizens of Saint Kitts and Nevis can fly, travel or swim to more than 150 countries in all corners of the world (including the European Union) without a visa or receiving a permit upon arrival. The travel to Canada and the United States is not so simple — there is no visa-free regime with these countries, but they allow you to apply for long-term ten-year visas for the St. Kitts passport.
Saint Kitts is ideal for doing business: the Federation of Saint Christopher and Nevis is a member of the Commonwealth of Nations and has long-standing, close economic relations with the European Union and the United Kingdom. At the same time, the country offers one of the best offshore banking in the world, along with absolute confidentiality of all fiscal information.
Citizenship can be obtained for the whole family: an investor can apply for passports for up to seven people at once, including:
wife/husband
parents
grandparents
children
brothers and sisters.
The island is known for a very comfortable and cozy life: St. Kitts has a surprisingly low crime rate, a mild tropical climate, intact nature, wild beaches, breathtaking landscapes, and at the same time, modern infrastructure with all amenities. Simultaneously, Saint Kitts is actively developing the digital sphere — for example, the Federation recently joined the money turnover of DCash, the new international Caribbean digital currency.
Saint Kitts is a country with a severe and solid reputation: an international reputation is crucial for the Federation. Therefore all investment program applicants are carefully chosen and verified. The myths about the black business haven remain only myths and have never been confirmed.
Find out more information, advantages, and tips on how to get the passport of the Federation of Saint Christopher and Nevis in the detailed citizenship-by-investment guide.
How much does a Saint Kitts passport cost?
The investment program offers two options to obtain a Federation passport:
Charitable contribution:$150,000 of investments are measured out for the sugar industry development. At the same time, until December 31, 2021, Saint Kitts offers a family discount: passports for four people cost the same as one — $150,000.
Investment in real estate: the minimum amount is $200,000. You can choose one of the resort properties that the government has approved of St. Kitts. The purchased property or share in the resort can be resold profitably after five years of retention.
How to become a citizen of Saint Kitts and Nevis
The passport of the Saint Kitts Federation can be obtained in five simple steps:
Collect all the necessary documents and pay the fees for the security clearance of the investor and application processing.
Send the collected documents: scans to the St. Kitts Migration Department website, and duplicate the originals by mail.
Wait until the application and documents are considered.
Obtain approval from the program department and transfer the investment.
Obtain a certificate of naturalization and a passport of Saint Kitts and Nevis.
Please note! You cannot perform the entire procedure on your own. According to the Federation’s law, only a licensed migration agent has a right to carry out the process, for example, Migronis. This international company has several advantages: for example, you do not have to deal with the translation and apostille of the documents, fill out questionnaires, and solve minor problems during the registration — the agency’s experts take care of all such issues.
28 JULY 2021: FCMB Group Plc announced its Unaudited Group Results for the six months ended 30 June 2021. FCMB’s gross revenue of ₦94.2 billion for the six months was a 4% decline from ₦98.2 billion for the same period the prior year.
Financial PerformanceHighlights:
FCMB Group Plc earns N8.9 billion in Profit Before Tax for HY 2021 while Profit after tax (PAT) of ₦7.6 billion, for the first half of 2021, dropped 22% Year-on-Year.
An increase in the cost of funds, led to a 5% year on year drop in net interest income from ₦45.4 billion, for the first half of 2020, to ₦43.0 billion for the first half of 2021.
Non-interest income of ₦17.9 billion, for the six months ended June 2021, rose 2% Year-on-Year from ₦17.5 billion for the same period the prior year.
Fees and Commissions income increased 33.5% Year-on-Year, as a result of an increase in customers’ transacting activities. However, this increase was muted by a 32.8% Year-on-Year drop in trading income, caused by lower volumes of fixed income instrument trades during the quarter. There was also a non-recurrence, in HY21, of the level of FX revaluation income seen in HY20.
Operating expenses rose 9% Year-on-Year to ₦48.0 billion in the first half of 2021, largely due to increased regulatory costs.
Net impairment loss on financial assets decreased by 48% Year-on-Year to ₦4.0 billion, for the six months ended June 2021, from ₦7.7 billion for the same period the prior year.
FinancialPosition:
Loans and advances grew, 15% Year-on-Year and 3% Quarter-on-Quarter to ₦916.7 billion in June 2021.
Total assets increased 14% Year-on-Year and 4% Quarter-on-Quarter to ₦2.24 trillion in June 2021.
Customer deposits rose by 21% Year-on-Year and 1% Quarter-on-Quarter to ₦1.3 trillion in June 2021.
Assets Under Management grew by 10% Year-on-Year to ₦500.0 billion in June 2021.
HY21 KeyRatios:
Capital Adequacy Ratio – 15.9%.
Liquidity Ratio – 35.7%.
Non-Performing Loans (NPL) to Total Loans Ratio – 3.3%.
The company’s stellar performance could be directly attributed to the investment by the pan-African financial services conglomerate, Cititrust Holdings Plc in 2020, which consequently changed the name from Omoluabi Mortgage Bank to LivingTrust Mortgage Bank.
Brand Spur observed that LivingTrust’s profit (before and after tax)grew by 643% to N308million. Net Assets declined by -1.8% from N2.8bn to N2.7bn. However, operating income soared by 178% year-on-year to N576.8 million while operating expenses grew by 63% to N260.92 million.
Adewole Adekunle
LivingTrust Mortgage Bank Plc (formerly Omoluabi Mortgage Bank Plc) is a public limited liability company domiciled in Nigeria. The address of the Bank’s registered office is Old Governor’s Office, Gbongon Road, Osogbo, Osun State. The Bank obtained its license to operate as a Mortgage Bank on the 24 February 1999 and commenced operations in March 1999.
The Bank became a public limited liability company on 13 January 2014. The Bank changed its name from Omoluabi Mortgage Bank Plc to LivingTrust Mortgage Bank Plc on 7 October 2020.
The Bank is primarily involved in the business of Residential and Commercial Mortgage financing as well as construction finance among other financial services.
I had just been redeployed from our Apapa Branch to Ajose Adeogun Branch in Victoria Island and I wanted to take my vacation before I settle into the new job role. I called her to discuss this because she had become my new Supervisor and Line Manager. Her reaction took me aback. She wondered why someone who just resumed wanted to go on vacation. I got off the phone with my tails between my legs.
The next morning, I got to the office and as I settled down to work, I heard a knock at my door. I stood up to open and my Line Manager, Nneka Onyeali-Ikpe was right there. I was confused. What was she doing here so early? Did she come to reprimand me for asking for vacation? She smiled at me and said, ‘I want to take some tea. Give me some tea’. I ran around to make some for her and as she took her tea, she told me she was sorry for her initial reaction the day before. I was shocked. A Supervisor apologizing to a subordinate? I’d never experienced any Manager do this before in my career. I was taken in by the humanity I just saw and experienced. When she explained her reason for the initial decline, I also understood her position. But then she granted my request. That was my very first personal experience with a woman who has now become a major defining force in my career. She is real, very real. Exemplary in character with humanity as her core belief.
On another occasion, the organization we worked for just paid us our profit-sharing incentive that year. I got mine credited to my account. It was a good year for us because we met our targets. I got a call from Nneka to see her in her office. My office was just around the corner so I dashed to hers. When I sat down before her, she started the conversation by thanking me for my hard work that year. She is very effervescent with praises for her foot soldiers that she affectionately calls ‘my Generals’. I was very happy that my Supervisor recognized my efforts. I felt like Mark Twain who said, ‘I can live for two months on a good compliment. But that was not all. Nneka opened her drawer and brought out an envelope. She handed it over to me. I asked her what was inside. She asked me to check it. It was money. A very tidy sum (sorry but I won’t tell you the amount). She gave me additional money from her own bonus. Truth be told, I prostrated like a proper Yoruba breed and thanked her. That’s another side of her that I know. She’s selfless. I can’t count the number of times she would go on vacation and buy gifts for everyone that works with her. Personalized gifts. She always takes her time to label the gifts in our names.
Let me share a final story. I can share so many as I have lots etched in my memory. My wife had a medical procedure a while ago. I was meant to take a major presentation at the same time but I was with my wife at the hospital. So I called in to inform her of the situation. She almost scolded me for even thinking about the presentation while my wife was in the hospital. She called a few times to know her condition. She even gave me some personal counsel subsequently. That’s Nneka who shows empathy. She feels your pains when you share them with her.
I can share so many stories but time is a major constraint. I’ve worked with so many supervisors but she stands out. Her work ethic is so unbelievable. She will drive you sometimes to almost a breaking point but that is because she holds herself to the same standard. She won’t ask you to do what she has not done before. She is so energetic and self-driven. Sometimes I wake up to emails sent by her at 2 am. She’s reviewing some credit requests I had shared. At 2 am? When does she sleep?
When I was overseeing the South West business of the Bank and we were expecting Executive visits, I was surprised often when I learnt she left Lagos at 5 am. Her forte is relationship management. I’ve watched her from close quarters handle very difficult situations which left everyone happy. She is a builder of people- always interested in getting people to be better. She nurtures. I’ve seen her coach people. She encourages. I’ve seen her share very helpful tips to colleagues who need help. She inspires. She’s the type of leader who asks you to jump and you ask, ‘how high?’
Nneka can be hard also. She doesn’t suffer fools gladly but she always gives the long rope. A good leader must be a lion and a lamb. Leadership is a double-edged sword. Merit driven, she’s not taken by any ‘eye-service. Where you come from is irrelevant. If you deserve it, you will get it- that’s her mantra. Good performance holds the key to her heart.
Very witty, she knows how to pass across very strong messages in ways that will make everyone reel with laughter. She’s a symbol of courage who has now become a beacon of hope to many because of her doggedness and hard work. On the occasion of her birthday, I celebrate this amazing woman, Mrs. Nneka Onyeali-Ikpe for being a role model and leader per excellence. May your tribe increase.
Agusto & Co. hereby affirms the “A+” rating assigned to Access Bank Plc.’s (“Access Bank”, the Issuer” or “the Bank”) ₦30 billion 7-year 15.5% Fixed Rate Subordinated Unsecured Notes (“the Issue” or “the Bond”) due in 2026.
The rating is a notch lower than Access Bank’s standalone “Aa-” rating issued by Agusto & Co. Limited. The Bond is subordinated to other senior debt of the Bank and it is adjudged to offer adequate safety of timely payment of interest and principal.
The rating assigned to the Issuer reflects its status as one of Nigeria’s largest banks, a stable and experienced management team, improving asset quality profile due to significant write-offs, and good refinancing capacity buoyed by a strong domestic franchise.
However, the rating assigned is constrained by the harsh regulatory environment, the lingering COVID-19 pandemic, and the slowly recovering macroeconomy.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.