NEWS
Rite Foods Partners NASRE Foundation to Support Ailing Journalists
Rite Foods Limited, a leading indigenous manufacturer in the Food & Beverages sector, has partnered the Noble Association of Social and Resourceful Editors(NASRE) Foundation to provide support for ailing journalists and widows of deceased media practitioners in the country .
This collaboration comes as part of NASRE’s ongoing efforts to assist journalists facing health challenges across the country, having embarked on three outreach programmes last year.
The NASRE team was warmly received on Wednesday, February 5th, 2025, by the management of Rite Foods at its Head Office in Ikeja, Lagos State.
Receiving NASRE team on behalf of the Managing Director of the company, Mr. Saleem Adegunwa, the Head of Corporate Communications and Brand Management , Mr. Ekuma Eze was elated with the visit.
Earlier during the visit, the Public Relations Officer (PRO) of NASRE, Mr. Adeyemi Obadimu had outlined the foundation’s mission and the purpose of the meeting. He revealed the health and financial challenges facing most veteran journalists, who had, during their active years, served the country meritoriously, but are now struggling to survive.
Obadimu highlighted that NASRE’s outreach programme last year was a success, benefiting over 70 individuals, including journalists suffering from partial stroke, widows, and widowers of deceased practitioners . He emphasised the importance of taking care of journalists in need, especially, the veterans who have contributed greatly to the industry.
“Journalism is a thankless job, and as much as we may be appreciated in our bylines, it is crucial that we care for our colleagues who have dedicated their lives to the profession,” said Obadimu.
Butressing his point, the Director, Public Engagement, Mr. Bunmi Obarotimi who represented the President of the association, Mr. Femi Oyewale said: “NASRE’s intends to launch the Foundation officially in this current year and we are proud to have Rite Foods as our partner going forward.”
In his response, Ekuma Eze commended NASRE Foundation for its noble and impactful initiatives, recognising the significant difference it has made in the lives of journalists and their families. He praised the foundation’s efforts in providing assistance to over 70 journalists and their dependents last year. Eze reiterated Rite Foods’ unwavering commitment to supporting initiatives that foster the well-being of the media community.
“At Rite Foods, we are deeply invested in contributing to the development of our society. We understand the importance of health and well-being, especially for those who dedicate their lives to sharing vital information with the public. We believe in the mission of NASRE and are committed to supporting your work in every way possible,” Eze stated.
“This partnership will go beyond just providing financial support; we are dedicated to helping create an ecosystem where journalists can thrive, even in the face of adversity,” he added.
He also spoke about the company’s long-term goals, highlighting Rite Foods’ plan to expand beyond Nigeria and into other African countries. “We have exciting plans for the future,” he added. “Rite Foods is committed to not only strengthening its footprint within Nigeria but also extending our reach to the wider African continent. We believe that our growth will not only benefit our business but also contribute to the national economy, creates job opportunities, and foster the development of the beverage and food sectors.”
Eze emphasised that Rite Foods has been actively involved in national economic development, focusing on reducing unemployment and improving service delivery. As one of the leading manufacturers in the beverage, drinks, and sausages sectors, Rite Foods remains committed to excellence in all its business operations, he said.
Through innovation, quality products, and partnerships like the one with NASRE, the company aims to continue breaking new ground in the industry.
He concluded that, “Our mission at Rite Foods is clear: to improve lives, deliver quality products, and contribute to the economic growth of Nigeria and Africa as a whole. We are proud to partner with organizations like NASRE that share our values of social responsibility and community development.”
The partnership between Rite Foods and NASRE marks a significant step in supporting the health and well-being of journalists, ensuring that those who have dedicated their careers to the industry receive the care and recognition they deserve.
NEWS
ONEDOSH Raises $3M Pre-Seed to Build the Global Stablecoin Payment Rails
Money should move without borders. It doesn’t, yet.OneDosh has closed a $3M pre-seed to build the stablecoin-powered payment infrastructure the global economy has been waiting for.Founded in February 2025 byJackson Ukuevo—Co-Founder & CEO Godwin Okoye — Co-Founder Babatunde Osinowo – Co-FounderOneDosh wasn’t built from theory. It was built from friction, blocked cards, frozen accounts, slow cross-border transfers, and currency constraints experienced firsthand by the founding team while living and traveling globally. The conclusion was clear: the problem isn’t demand. It’s infrastructure.Today, OneDosh is live in the United States and Nigeria, two of the most active remittance and stablecoin corridors in the world.Users can move money from the U.S. to Nigeria, store value in stablecoins, and spend globally using stablecoin-powered cards on Apple Pay and Google Pay, anywhere Visa is accepted.But this is just the beginning.Under the hood, OneDosh is building foundational stablecoin rails, infrastructure that connects wallets, cards, and countries into a single, programmable infrastructure. As stablecoins become the default settlement tool for global payments, these rails become inevitable.The OneDosh team brings experience with executing innovative solutions, with experience at organizations like Zero Hash, Plaid, and Amazon, spanning compliance, payments, andlarge-scaleproductdevelopementThis pre-seed accelerates corridor expansion, deepens liquidity partnerships, and enables senior hires, positioning OneDosh at the intersection of stablecoins, global spending, and real-world payments.The opportunity is not speculative. The behavior already exists.The rails are being laid now.Borderless money isn’t a vision anymore. It’s happening, and OneDosh is building it.
NEWS
MultiChoice Names Omotosho CEO as Ugbe Retires
MultiChoice Nigeria, a Canal + company, has announced a leadership transition, as Chief Executive Officer, John Ugbe, retires after a distinguished tenure. He will be succeeded by Kemi Omotosho, who will be appointed Chief Executive Officer, Nigeria, effective January 2026.Ugbe steps down after nearly fifteen years at the helm, during which he steered the business through significant industry and market shifts, strengthening operational foundations and long-term resilience.Omotosho brings over 20 years of leadership experience across media, telecommunications, and digital businesses in Nigeria and Sub-Saharan Africa. She has held several senior roles within the MultiChoice Group, including Executive Head of Customer Value Management in Nigeria and Group Executive Head of Customer Value Management for Rest of Africa, providing functional leadership across more than 50 markets. Most recently, she served as Regional Director for Southern Africa, with full P&L responsibility for a seven-country portfolio.With a proven record of leading complex organisations, driving disciplined growth and building high-performing teams, Omotosho will lead MultiChoice Nigeria’s strategy, operations and stakeholder engagement, building on the foundations laid by her predecessor.Speaking on her appointment, Omotosho said, “It is a privilege to be entrusted with the leadership of MultiChoice Nigeria at this important moment. Nigeria remains one of the Group’s most strategic and dynamic markets. I look forward to working with our teams and partners to deepen our relationship with consumers, champion local storytelling and the creative economy as well build a future-ready organisation that delivers sustainable value.”The company said Ugbe’s retirement and Omotosho’s appointment follow a structured and orderly transition, ensuring continuity and stability.
NEWS
Fidelity Bank Champions Tree Planting Initiative at Elegushi Beach
In line with its commitment to environmental preservation and sustainable development, leading financial institution, Fidelity Bank Plc, has partnered with Greenfingers Wildlife Initiative, to plant trees at Elegushi Beach, Lekki, Lagos.
The intervention was implemented as part of the bank’s Corporate Social Responsibility (CSR) initiative, Fidelity Helping Hands Programme (FHHP). It was funded and administered by the newly inducted employees, referred to as the Vault Class, who selected this initiative for their community impact project. The bank provided matching financial support to ensure the project’s successful execution.
Speaking during the event, Divisional Head, Brand and Communications, Fidelity Bank Plc, Dr Meksley Nwagboh, highlighted the bank’s resolve to consistently champion initiatives that preserve the environment and reduce the impact of climate change.
“Environmental preservation is a key CSR pillar for us at Fidelity Bank. We believe that protecting the earth is a shared responsibility. That is why this initiative is not a one-time activity, but part of our ongoing efforts to promote sustainable best practices,” Nwagboh said. “We are committed to ensuring that our environment, including marine habitats, remains protected from pollution and degradation.”
In addition to planting trees, the Fidelity Bank team conducted a beach clean-up exercise to remove waste materials from the shoreline and surrounding marine areas. Nwagboh further noted that the bank continues to support environmental conservation through various initiatives nationwide and remains a proud partner of the Nigerian Conservation Foundation (NCF).
“Tree planting is an integral part of our climate action and resilience plan, and our goal is to consistently expand our environment-friendly operations.” Nwagboh added. “We are delighted for this partnership with Greenfingers Wildlife Initiative. It is one we intend to nurture, as we believe there’s more to be done to protect our environment.”
Also speaking at the event, Mr. Chinedu Mogbo, Founder of Greenfingers Wildlife Initiative, commended Fidelity Bank for its proactive commitment to environmental sustainability. He emphasized that the partnership aligns with the NGO’s mission to foster safer, cleaner environments for both humans and wildlife.
“Our partnership with Fidelity Bank is driven by a shared mission to create a safer, greener environment for both humans and wildlife. Beyond enhancing environmental safety, planting trees contributes to beautifying our surroundings and restoring balance to nature.” Mogbo stated.
The exercise marks another significant step in Fidelity Bank’s environmental CSR efforts aimed at promoting sustainable living across communities, combating climate change, protecting biodiversity, and conserving aquatic ecosystems.
Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.
The Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.
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