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Heritage Bank wins Lagos Environmental Sustainability Award, commits to nature protection

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For its contribution and support towards Environmental Sustainability, especially, in Lagos, the state government, awarded Heritage Bank with its 2022 Environmental Sustainability Award.

The bank joined other corporate organisations and schools within the State, awarded for their efforts towards protecting nature and limiting the impact of climate change on Earth.

The Award was given to the bank by the state government through the Ministry of Environment and Water Resources, Lagos State in the commemoration of 2022 World Environment Day Celebrations in which the bank was also a major sponsor.

Speaking at the year 2022 World Environment Day finale held at Alausa, Ikeja, Lagos at the weekend, the managing director/CEO, Heritage Bank Plc, Ifie Sekibo, commended Lagos state government and its ministry for the efforts exuded during environmental sustainability to protect ecosystems in supporting health and wellbeing of all creatures.

R-L: Ozena Utulu, Ag. Group Head, Corporate Communications, Heritage Bank; Kehinde Olugbemi, Ag. Chief Risk Officer, Heritage Bank; Dr. S. Olayiwole Onasanya, Permanent Secretary, Lagos State Independent Electoral Commission (LASEIC) and Titilola Docemo, Regional Head, Lagos Island 2A, as Heritage Bank wins Environmental Sustainability Award at the 2022 World Environment Day event held in Lagos State.

Sekibo, who was represented by the Chief Risk Officer, Heritage Bank, Mr. Kehinde Olugbemi, said: “as this year’s World Environmental Day Celebration theme implies, we have ‘Only One Earth,’ and truly, only one earth to protect. The fact is that human well-being is closely linked to the health of the environment. And our planet is reaching a breaking point. We are beginning to see the consequences of global warming on ecosystems and communities.”

Today, he said, industrialisation, though positive for human well-being on the flip side, has raked lots of havoc on human existence.

Quoting the World Health Organisation (WHO), he said, 24% of deaths can be traced back to avoidable environmental factors, adding that, Heritage Bank Plc has continued to prioritise and make huge commitments to environmentally sustainable practices to help build thriving communities and secure future growth potential.

“We realized that our people and other dwellers need clean air to breathe, fresh water to drink, and places to live that are free of toxic substances and hazards.

R-L: Kehinde Olugbemi, Ag. Chief Risk Officer, Heritage Bank; Captain Babangida Zakari, Deputy Director of Coordination, Armed Forces Settlement Centre, Oshodi; Prince Ademola Docemo, MD, Lagos State Signage and Advertising (LASSA); Gaji Omobolaji Tajudeen, Permanent Secretary, Lagos State Government Representative; Brigadier General Maxwell Ejike, Director of Training, Armed Forces Settlement Centre, Oshodi, as Heritage Bank wins Environmental Sustainability Award at the 2022 World Environment Day event held in Lagos State.

“So, as a part of our sustainability drive in the Corporate social responsibility space, we have continued to put sustainability at the heart of our decision-making for the sake of humanity and the bank’s own bottom line because a healthy planet is the backbone of nearly every industry on Earth,” he pointed out.

Earlier at the event, Lagos state governor, Mr. Babajide Sanwo-Olu stated that, there is an urgent need for everyone to focus on the need to live sustainably with nature for the benefit of mankind, adding that, this has become necessary to shift to a greener lifestyle through both policies and individual choices.

He added that sustainability of the environment is among the most pressing issues in the world today out of which the Earth faces triple planetary emergencies namely, Climate change, loss of biodiversity and Environmental Pollution.

The governor, who was represented by the Permanent Secretary, Office of Environmental Services, Dr. Omolaji Gaji, added that, the impact of the challenges has negatively made the achievements of Sustainable Development Goals (SDGs) less successful.

“With nature in emergency mode, the #OnlyOneEarth campaign for World Environment Day 2022, wants us to celebrate the planet through collective environmental action”, he said.

The governor commended Corporate Organisations, such as Heritage Bank for ensuring that the persistent drive of the State’s policy towards entrusting the legacy of greening and restoration of indigenous trees to the citizen is sustained.

Similarly, the commissioner for the Environment and Water Resources, Mr. Tunji Bello said, government through the ministry of the Environment & Water Resources has implemented several programmes to mitigate these challenges through Tree planting, Climate change summit, Environmental bees’ clubs in schools, waste to wealth and ban on open defecation.

Speaking through the Director of Sanitation Services Department, Dr. Hassan Sanuth, the PS added that, the government keyed into this call in 2021 by commencing the greening of Abraham Adesanya setback, together with restoration of some historical plants in specific locations like Agege, Idi-Mangoro where Mango trees were planted, Idi-Agbon in Ifako-Ijaiye where coconut trees were planted and in Lagos Island where breadfruit trees were planted at St. Paul Anglican Primary School, Breadfruit Lagos as part of this year’s celebration.

The guest lecturer, Dr. Ayo Tella while delivering his paper, noted that, Anthropogenic effects caused by human activities such as the felling of trees have altered the earth’s natural systems and survival of many species.

Heritage Bank had earlier donated plastic bins to Navy Town Secondary School, Ojo, Lagos, to mark the World Earth Day even as it has embarked on a project to address water crisis, whilst contributing towards making clean and potable water accessible to all.

Similarly, a global open-source movement known as Liter of Light Nigeria partnered with Heritage Bank Plc to provide sustainable solar electricity for Itomaro community in Lagos State while the bank, in 2020, had been on the move to distribute over 10, 000 mosquito nets to rural dwellers.

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Dollar to Naira Exchange Rate (USD/NGN) Nov. 27, 2022 (Black Market)

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Dollar to Naira Exchange Rate (USD/NGN) Nov. 27, 2022, from an unofficial market (black market), can be accessed below.

IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦785 and the price can change (high or low) within hours.

How much is the exchange rate of Dollar to Naira in the Black Market today? See Dollar To Naira Exchange Rate Sunday 27th November below.

The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).

LAGOS PARALLEL MARKET RATES TODAY: dollar to naira exchange rate today black market.

November 27 dollar to naira black market exchange rate: $1 dollar to naira = ₦785

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today

Buying Rate 780 Selling Rate 785

The local currency opened at N785.00 per $1 at the parallel market otherwise known as the black market today Sunday, November 27, 2022.

Even though the dollar to naira opened in the parallel market at ₦785 per $1 today, JomogNews Nigeria reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market.

The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

JomogNews Nigeria reports that on the black market, the players buy a dollar for N780 and sell for N785 on Sunday morning, November 27, 2022, after they bought N780 and sold for N785 on Saturday, November 26, 2022.

Meanwhile, JomogNews Nigeria reports that the USD started this week at ₦785 in Parallel Market also known as Black Market on Monday, 21 November 2022, in Lagos Nigeria, after it opened at ₦720 last week Monday, November 14, 2022.

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New Naira: CBN, EFCC To Track Large Withdrawals – Emefiele

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The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, says the apex bank will make it difficult for large cash withdrawals at banks as well as collaborate with law enforcement agencies like the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to track such heavy withdrawals.

This was made known by Emefiele at a press briefing after the unveiling of the new Naira notes by President Muhammadu Buhari on Wednesday in Abuja.

Emefiele said the promotion of the cashless policy initiative was the reason for the reissue of these notes, noting that the CBN will insist on the implementation of the policy nationwide as the country moves towards a cashless economy.

To complicate huge cash withdrawals: Emefiele, at the briefing, said that the amount of money that can be withdrawn from the counter would be reduced drastically, adding that bulk withdrawals would require several procedures and security checks to track use.

He said, “There is no economy imbued with the thinking that it has to be a cash economy; the world has moved from predominantly cash to a cashless economy. And I think Nigeria and the Central Bank of Nigeria are prepared to move towards a cashless economy. And that is why following the redesign and issuance of this note, we will insist that cashless will be nationwide.

“We will restrict the volume of cash that people can withdraw over the counter. If you need to draw large volumes of cash, you will fill out uncountable forms; we will take your data, whether it’s your BVN or NIN so that our law enforcement agencies like EFCC and ICPC can follow you and be sure that you are taking that money for a good purpose.”

Control of money supply: The CBN boss noted that among other reasons, the redesigned notes would ensure that the apex bank has ample control over the amount of money in circulation.

He also pointed out that the redesign of the naira is not targeted at anyone while noting that the past attempts to redesign the naira notes were resisted.

He added, “The Central Bank of Nigeria, by law, has the mandate to reissue and redesign currency for the country, and for Nigerian people, every five to eight years. And I want to hope that after the event of today, the Central Bank of Nigeria can take it as part of its programmes to see that the currencies are designed or reissued every five to eight years.

“It is mainly because the central bank should be able to control the size of currency in circulation fully. That is the actual mandate of the Central Bank of Nigeria because it has implications for monetary policy management in the country.

“There is no need for anybody to think this program is targeted at anyone. Like you heard the president, he said, this discussion to redesign and reissue currency started early in the year.”

For catchup: Recall on October 26, the CBN governor, Godwin Emefiele, while announcing the planned redesign of the high denomination naira notes by December 15, 2022, said that the initiative will aid security agencies in tackling illicit financial flow among other benefits.

According to the CBN, the existing notes would cease to be regarded as legal tender by January 31, 2023.

Emefiele said there was significant hoarding of naira notes by members of the public, with statistics showing that over 80% of the currency in circulation was outside the vaults of the commercial banks.

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Just In: BUHARI UNVEILS NEW NAIRA NOTES AT FEC

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JomogNews Nigeria reports that President Muhammadu Buhari has just unveiled the new naira notes.

Buhari unveiled the new currency notes on Wednesday morning before the federal executive council (FEC) meeting at the state house, Abuja.

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), was in attendance during the unveiling ceremony.

Meanwhile, at a briefing after the ceremony before the Federal executive council meeting, the CBN governor debunked insinuations that the early unveiling of new notes is a means to target any Nigerian.

Mr Emefiele appealed to members of the public that there is no need to perpetuate any such information.

According to him, the CBN will intensify the monitoring process and interrogate the process of withdrawals.

He maintained that there will be heavy restriction on the volume of cash that people can withdraw over the counter, as it works with the EFCC to monitor the purpose of any heavy transactions.

The redesigned currency note he asserts can never be counterfeited, adding that to forestall such occurrence he states that the CBN redesign the notes after every five to eight years.

Following the unveiling of the new note which begins circulation today, the CBN governor announced that the CBN is now more determined to make Nigeria a cashless economy, as in other climes.

 

The redesigned 200, 500, 1,000 naira notes.

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Photos] Buhari unveils new Naira notes - Vanguard News

 

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