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Parthian Partners delivers on commitment with third timely bond coupon payment

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Amid the dynamic economic landscape of the past half year, Parthian Partners Limited has successfully completed the third consecutive coupon payment on its ₦10 billion bond. This unwavering commitment to fulfilling its financial obligations underscores the firm’s deep-rooted values of reliability and excellence.

“Navigating rising inflation and economic pressures requires agility and dedication,” remarked Olayinka Arewa, Chief Financial Officer at Parthian Partners. “Throughout these headwinds, we remained true to our promise, ensuring timely and consistent coupon payments to our investors.”

According to Arewa, “This accomplishment wouldn’t be possible without the unwavering support of our stakeholders. Our robust financial health, as evidenced by strong ratings from Agusto & Co and DataPro, speaks volumes about our commitment to building sustainable value. We boast robust capitalization, improving profitability, and a secure funding profile – a testament to the trust we have earned from both clients and partners.”

In August 2022, Parthian Partners made history with the first-ever short-term bond issued by an Inter-Dealer Broker in Nigeria. The ₦10 billion bond, boasting a 13.50% coupon rate, attracted full subscription from institutional investors, in attestation to the firm’s position as a market leader.

As Nigeria’s pioneering interdealer broker, Parthian Partners plays a critical role in the nation’s financial ecosystem by seamlessly connecting market dealers and investors, including pension funds, fund managers, banks, and international institutions. The firm has facilitated over ₦5 trillion in FGN bonds and treasury bill trades, exceeding $1.2 billion in Eurobond transactions.

This timely bond payment is not just a milestone, but a powerful symbol of Parthian Partner’s dedication to fueling Nigeria’s economic growth. “We remain committed to exceeding expectations, unlocking new opportunities, and forging a brighter financial future for all stakeholders,” said Mr Arewa.

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AIICO Insurance affirms dedication to community health

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AIICO Insurance Plc has reaffirmed its commitment to fostering a healthy community and potentially saving lives.
As part of this commitment, the company’s employees donated blood to the Lagos State Blood Bank in celebration of World Blood Donor Day.

The initiative was conducted in partnership with the Lagos State Government via the Lagos State Blood Transfusion Service.

The Corporate Responsibility and Sustainability Manager at AIICO Insurance, Mrs. Abimbola Shobanjo , emphasized the company’s ongoing dedication to the health and wellbeing of Nigerians.
She highlighted that the employees who donated blood were driven by a sense of patriotism and compassion, aiming to assist those in need of life-saving blood transfusions.

AIICO Insurance has earlier received the prestigious “Community Blood Drive Initiative” Award from the Lagos State Blood Transfusion Service, acknowledging its significant contributions and impact of the LSBTC mandate to ensuring a sufficient and high-quality blood supply in Lagos State.

The award letter from the Executive Secretary of LSBTS, Dr. B.I. Oshikomaya, praised AIICO’s exceptional commitment, partnership, and support through its donations and corporate social responsibility efforts.

She asserted that, “World Blood Donor Day serves as a powerful reminder of the life-saving impact a single blood donation can have. We are proud of our employees who stepped forward today to answer the call and contribute to this vital cause.”

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Foodborne Illness: Nigeria must be prepared for the unexpected in food safety emergency – NAFDAC

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By Seun Ibiyemi

The National Agency for Food and Administration and Control NAFDAC has called on all stakeholders in the food supply chain to take deliberate actions to institute a food safety culture in their operations to mitigate the food hazards and risks that could compromise food safety.

The Director General, Prof Mojisola Adeyeye, gave the admonition at the 2024 World Foo d Safety Day with the theme Food Safety: Prepare for the Unexpected’ where she calle don all stakeholders to take deliberate actions to institute a food safety culture in their operations to mitigate the food hazards and risks that could compromise food safety.

She however, urged Nigerians to refrain from storing cooked food in the refrigerator for more than three days, warning that cooked food stored in the refrigerator for days is susceptible to contamination by disease-causing pathogens, key agents of foodborne diseases that can lead to death.

World Food Safety Day was established in 2018 by the United Nations General Assembly after it was suggested by the Codex Alimentarius Commission as a way of raising food safety awareness and promoting collaboration across sectors.

According to WHO estimates, globally one in ten people become sick and 420,000 die eac h year after consuming contaminated food which attributed to the loss 33 million years of healthy life with children under five years and other vulnerable groups disproportionately affected in the poorer areas of the world. In developing countries about $110b is lost ever y year on medical expenses due to unsafe food.

Prof. Adeyeye remarked that food safety is not only important for public health but a sine qua non for economic development and food security.

She emphasized that everybody has a role to play from the farm to the table to ensure that the food we consume is safe and will not cause damage to our health. She added that for World Food Safety Day 2024, the World Health Organisation (WHO) and Food Agriculture Organisation (FAO) are asking all stakeholders along the food supply chain if they are prepared to address unexpected threats to food safety in an increasingly interconnected and interlinked global food supply.

Prof Adeyeye noted that food safety is a collective responsibility, adding that everyone f rom producers to consumers need to play their part to be sure that the food we eat is saf e, adding that the campaign aims to promote global food safety awareness to strengthen efforts of preventing, detecting and managing foodborne risks globally by highlighting the importance of being prepared for food safety incidents.

Food safety incidents are situations where there is a potential or confirmed health risk as sociated with food consumption. A food incident can happen for example, due to accident s, inadequate controls, food fraud or natural events. While being ready to manage food safety incidents requires dedicated efforts from policy makers food safety authorities, farmers, and food business operators, consumers can also play a very active role.

For example, according to the NAFDAC boss, the WHO World Food Safety Day 2024 communication toolkit suggests that governments commit to developing or updating national food safety emergency response plans, strengthen national food control systems, increase surveillance and coordination capacities and improve communication with food businesses and the public.

Consequently, she mentioned that the Federal Ministry of Health and Social Welfare has developed programmes for the elimination, eradication, prevention and control of disease s, which include the National Integrated Guidelines for Foodborne Disease Surveillance an d Response which is useful for preparedness and rapid response to emerging and re-emerging foodborne diseases. She however, noted that this year’s theme calls for all stakeholders from regulatory officers, experts, producers, to processors, distributors, retailers, restaurant outlets and consumers to consider if they are indeed prepared for the unexpected. “Let us all stay true to the statements ‘food safety is everyone’s business’ and ‘food saf ety is a shared responsibility’’ as we celebrate this year’s World Food Safety Day. Working together we will continue to strengthen our food safety system, ensuring its resilience, robustness and preparedness for the unexpected.”

Speaking on ‘Developing a Food Safety Emergency Response Plan: Implementation of the National Guidelines for Foodborne Disease Surveillance and Response’, the Director of F ood Safety and Applied Nutrition (FSAN), Mrs. Eva Edwards, alerted that foodborne diseases are expensive, yet they are preventable. In recent years, she recalled that the global community as well as our national government recognized the public health effect of foodborne diseases as capable of causing considerable burden of diseases and mortality.

She emphasized the significance food as a necessity for human life, stressing that it can also be a source of harm if not handled properly.

Mrs. Edwards stated that food safety emergency response must be anchored on a multisectoral, collaborative, integrated one-health approach across the Health, Agriculture, Environment sectors, the tiers of government including relevant external partners and non-governmental organizations.

The objective is to have a coordinated approach to investigating foodborne disease outbreaks and contributing knowledge and skills from the different sec tors to achieve a robust and comprehensive investigation.

She said that the mix of skills will bring to the fore the robustness of the investigation, ad ding that the emergency response team may include epidemiologists, laboratory scientist s, environmental health officers, and food safety control officers, amongst others.

“Let’s all play our part in promoting the culture of good hygiene practices in our homes, communities and food establishments. Together we can ensure a safer and healthier food supply for everyone.”

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Gov. Fubara directs LG Heads of administration to oversee councils

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Gov. Siminalayi Fubara of Rivers, on Tuesday, directed the Heads of Local Government Administration (HLGAS) to immediately take charge of their councils.
He said this followed the expiration of the tenure of the 23 local government chairmen on June, 17.
Fubara gave the directive in a statewide broadcast at Government House in Port Harcourt.
He commended the dedicated services of the outgoing elected local government chairmen and councillors whose tenure expired after three years of service.
The governor, on behalf of the state, thanked them for their commitment in serving the state.
Fubara congratulated them on the completion of their tenure and wished them well in their future endeavours.
The governor said that he would continue to provide leadership and direction to the people, to ensure that the constitution of the federal republic was upheld, and  law and order maintained.
“I hereby direct heads of local government administration to continue to provide leadership in their respective LGAs,”he said.
He directed the heads of LGAs to immediately take charge of the councils with renewed vigor and readiness to serve.
Fubara urged them to wait for other directives as the state navigated toward greater accomplishments.
He assured Rivers people that his administration would continue to provide infrastructure development, sound health care delivery,  quality education and undiluted welfare service packages to the people.
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