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All set for 2018 GTBank Food and Drink Fair

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From the promise of mouth-watering delicacies to the allure of savoury wine tastings, the 2018 GTBank Food and Drink Fair is set to deliver, in three days, an experience that will certainly remain unmatched for the entire year.

On April 29, 30 and May 1, 2018, the third edition of the GTBank Food and Drink Fair will bring together small businesses in Nigeria’s food sector, more than a dozen internationally renowned chefs and food experts and thousands of food lovers to create the biggest food experience in Africa.

Organised by foremost African financial institution, Guaranty Trust Bank plc, the GTBank Food and Drink Fair is designed to celebrate Nigeria’s vibrant food culture whilst Promoting Enterprise in the small business sector of the Food Industry. The 3-day event is free for all to attend and provides small businesses with a free and vibrant platform to connect with a wider segment of their target markets as well as experts in their business fields. Having hosted over 250,000 people and helped hundreds of small businesses achieve record sales, the GTBank Food and Drink Fair has, over the past two years, become a major event in the social calendar of Nigerians and beyond.

This year, the GTBank Food and Drink Fair will feature a series of Masterclasses in the art and business of food and drink whilst treating attendees to a host of live cooking demonstrations of their favourite delicacies by renowned international and indigenous chefs. The carefully curated selection of small food businesses will offer the best culinary experiences in Lagos and beyond. There will be a space for Street Food, which will offer the best of local delicacies, as well as a Farmer’s Market where SMEs involved in agriculture will sell fresh and organic farm products. Attendees can also expect a fabulously diverse range of gastronomic delights from restaurants and outdoor grills well-known for setting taste buds on fire and an exciting mix of eclectic cocktails.

Commenting on the 2018 GTBank Food & Drink Fair, Mr. Segun Agbaje, the Chief Executive Officer and Managing Director of Guaranty Trust Bank, said: “Alongside the unparalleled culinary experience, the GTBank Food and Drink Fair showcases the richness of Africa’s food culture and the vibrancy of the small businesses involved in the industry. This year, we have added an extra day to the fair, thereby increasing the opportunities for small businesses to connect to more consumers as well as businesses.

“Apart from the amazing experiences that we create for our tens of thousands of guests, it is the personal testimonials that we receive from small businesses that speak to the true value of the GTBank Food and Drink Fair. Behind these small businesses are hard-working fathers, enterprising mothers and incredibly passionate youths, and when they share their remarkable stories of record sales at the fair, we see not just the impact of our efforts at Promoting Enterprise but the immense capacity of our organisation as a Platform for Enriching Lives.”

GrassRoots.ng is on a critical mission; to objectively and honestly represent the voice of ‘grassrooters’ in International, Federal, State and Local Government fora; heralding the achievements of political and other leaders and investors alike, without discrimination. This daily, digital news publication platform serves as the leading source of up-to-date information on how people and events reflect on the global community. The pragmatic articles reflect on the life of the community people, covering news/current affairs, business, technology, culture and fashion, entertainment, sports, State, National and International issues that directly impact the locals.

Finance

All You Need To Know About Dr. Adaora Umeoji, The New GMD/CEO of Zenith Bank Plc

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On June 1, 2024, Adaora Umeoji will become the new Group Managing Director/Chief Executive Officer of Zenith Bank Plc, replacing Ebenezer Onyeagwu, whose five-year term ends on May 31, 2024. Zenith Bank announced this on its website on March March 19th 2024.

The appointment is a historic moment as Adaora Umeoji becomes the first female GMD/CEO since the bank’s inception in May 1990.

According to the bank’s statement, “Her appointment is consistent with the bank’s executive transition tradition, succession plan, and strategy of grooming leaders from within.”

Adaora Umeoji has almost thirty years of experience in banking. She previously served as the deputy managing director of the bank, a role she assumed in October 2016. She has been with the bank for nearly twenty-six years.

Early Life and Education

•Dr. Adaora’s journey began in Jos Nigeria

• She holds a bachelor’s degree in sociology from the University of Jos, a bachelor’s degree in accounting, and a first-class honours degree in law from Baze University, Abuja.

•She holds a Master of Laws from the University of Salford, United Kingdom, a Master in Business Administration from the University of Calabar, and also has a doctorate in business administration from Apollos University, USA.

• She holds a Certificate in Economics for Business from the prestigious MIT Sloan School of Management, USA, and has attended various management programmes in renowned Universities around the world including the strategic thinking and Management programme at Wharton Business School, USA.

•Umeoji is an alumnus of Harvard Business School, where she attended the Advanced Management Programme, and an alumnus of Columbia Business School with a Certificate in the Global Banking Program.

Dr. Adaora’s Professional Ascension

•Umeoji has been the Deputy Managing Director of the bank since October 28, 2016 and has close to 30 years of banking experience of which 26 years has been with Zenith Bank.
Adaora Umeoji, founded the Catholic Bankers Association of Nigeria (CBAN), a platform she uses to promote ethical banking and service to humanity.

Chart Success In Leadership

• Umeoji being the first female to be appointed as GMD of the bank effective June 1, 2024
• Dame Adaora Umeoji stands as a shining example of empowerment and leadership and as a role model for aspiring individuals worldwide.

•Despite her accomplishments, Adaora Umeoji emphasizing the importance of humility and focus on one’s mission.

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Energy

AVEVA Appoints Joanna Mainguy as New Sustainability Accelerator Director

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Joanna AVEVA
Joanna Mainguy, Sustainability Accelerator Director at AVEVA
  • Joanna Mainguy will steer strategies for sustainability innovation across AVEVA’s portfolio and partner ecosystem, furthering ESG targets for 2025 and beyond

AVEVA, a global leader in industrial software, driving digital transformation and sustainability, today announced the appointment of Joanna Mainguy as Sustainability Accelerator Director.

Joanna’s appointment testifies to AVEVA’s dedication to strengthening the company’s sustainability impact in line with advancing global climate commitments. 

As Sustainability Accelerator Director, Joanna Mainguy will focus exclusively on sustainability solutions and strategies to accelerate innovation that will help AVEVA’s customers to achieve their net-zero targets.

She will look at how AVEVA leverages current market and customer analysis to inform its in-house development team, advise on new customer collaborations and on how AVEVA should grow its partnership network and M&A pipeline to reflect its sustainability priorities.

Joanna will lead the implementation of a sustainability solutions plan tailored to meet the most pressing needs of AVEVA’s industrial customers on low-carbon transition, circularity and resilience, via an integrated product, marketing and sales approach. She will work closely with AVEVA’s portfolio, business area and R&D leads to continue to develop new sustainability capabilities and drive collaboration on go-to-market initiatives that support industry with contributing to an accelerated energy transition and shift to a circular economy.

Joanna was formerly Industry Director, EMEA, for Energy & Sustainability at Microsoft, where she led strategic engagements with major energy providers and supported the energy transition with digital solutions. She has worked across the entire energy value chain and has more than 15 years of experience in process industries and the energy sector, including work for major system integrators, software and energy companies.

Lisa Wee, Global Head of Sustainability, AVEVA, said: “We are excited to welcome Joanna to AVEVA. She will bolster our mission to enable faster uptake of existing sustainability solutions across the industrial landscape, while in parallel we continue to invest in product capabilities and partnerships that will push out the frontiers of sustainability innovation for industry. At AVEVA we look to lead by example on sustainability and we achieved a 93% reduction in Scope 1 and 2 emissions last year. We aspire to help our customers better leverage digital solutions to realize their own ambitious sustainability targets early, and Joanna brings a wealth of experience to help support this.”

Commenting on her appointment, Joanna Mainguy, Sustainability Accelerator Director, AVEVA, said: “I am delighted to join AVEVA at such a pivotal time in its sustainability innovation and growth trajectory. I look forward to working with AVEVA teams and customers to continue to grow the sustainability benefits that can be achieved with AVEVA software. I am also keen to work closely with our partners to drive further positive change at scale, since we know addressing the climate crisis will continue to require expanded collaboration”.

AVEVA actively embeds sustainability into its core product strategy with specific capabilities in its software portfolio.

AVEVA’s software enables organizations to connect and contextualize key sustainability data with artificial intelligence and human insight, enhancing their agility, resilience and sustainability in order to help drive responsible use of the world’s resources.

AVEVA’s 2023 Sustainability Progress Report reveals significant progress across all three pillars of the company’s sustainability framework, encompassing product strategy, operations and culture. 

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Finance

Binance To Discontinue All Nigerian Naira Related Services

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Cryptocurrency exchange, Binance, has announced plans to discontinue all services related to the Nigerian naira.

Binance, a cryptocurrency exchange platform, was accused of exploiting the Nigerian currency, Naira, leading to its free fall in value.

The company is, in addition, facing allegations of terrorism financing, money laundering and tax invasion, among others.Nigeria is one of the largest peer-to-peer crypto markets in the world.

Between July 2022 and June 2023, crypto transactions in the country reached $56.7bn, according to Chainalysis.But the company, in a statement on Tuesday, advised users to withdraw NGN, trade their NGN assets or convert NGN into crypto.

The statement read, “Users are encouraged to withdraw NGN, trade their NGN assets or convert NGN into crypto prior to the discontinuation of these NGN services.

“From 2024-03-08 08:00 (UTC), any remaining NGN balances in users’ Binance accounts will be automatically converted to USDT based on the conversion rate below.

“Binance will not support deposits of NGN after 2024-03-05 14:00 (UTC). Withdrawals of NGN will not be supported after 2024-03-08 06:00 (UTC).

“After 2024-03-08 08:00 (UTC), Binance will convert any remaining NGN balances in users’ Spot and Funding wallets into USDT on behalf of users at a ratio of 1 USDT = 1,515.13 NGN.

“Please note that the conversion rate is calculated based on the average closing price of the USDT/NGN trading pair on Binance Spot in the last seven days.

“The conversion may take approximately up to 24 hours or longer. USDT tokens will be credited to users’ Spot wallets thereafter, and users can confirm receipt of the tokens via the Convert History page.

“If users hold less than 0.00000001 USDT worth of NGN in their Spot and Funding wallets, they will each receive 0.00000001 USDT in their Spot wallets after the conversion.”

Recently, the government through the Nigerian Communications Commission blocked the online platforms of Binance and other crypto firms to avert what it considers continuous manipulation of the forex market and illicit movement of funds.

Binance customers are asking if Binance is leaving Nigeria completely.

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