Stock QuotesEurobonds ($)
NIGERIAN EUROBONDS SEPTEMBER 25, 2020: 6.75% $500M Jan 2021 – 100.585/ 4.896%,   5.625% $300M Jun 2022 – 100.712/5.187%,   6.375% $500M Jul 2023 – 102.199/5.509%, 7.625% $1.118BN Nov 2025 – 104.348/6.611%,  6.500% $1.50BN Nov 2027 – 96.115/7.201%,   7.143% $1.25BN FEB 2030 – 95.875/ 7.768%, 8.747% $1.0BN Jan 2031 – 102.893/8.321%,   7.875% $1.50BN Feb 2032 – 96.058/8.418%,   7.696% $1.25BN Feb 2038 – 90.917/8.718%,  7.625% $1.50BN Nov 2047 – 90.002/8.579%,   9.248% $750M Jan 2049 – 100.016/9.244%.
Business Finance Info & Updates

AIICO feeds underprivileged communities in Lagos

AIICO Insurance Plc says it has embarked on a feeding relief programme to cater to the needs of underprivileged communities in Lagos amid the COVID-19 lockdown.

It stated that as a socially -responsible organisation, the company had seen the need for this corporate social responsibility intervention to complement government’s efforts aimed at ensuring access to food supply while restricting movements to contain the spread of the virus.

The company stated that it had made provisions to feed over 130 people daily for 14 days.

These included women, children and young adults.

It has collaborated with DreamsFromTheSlum (a non-profit organisation with a commitment to humanitarian causes) and Chicken Republic, a retail fast food company, for logistics and implementation.

Corporate Responsibility and Sustainability Manager, AIICO, Abimbola Shobanjo, said, “The movement restriction has affected the ability of these people to pursue their day-to-day livelihoods.

“These are mostly petty traders and artisans in impoverished communities who now find it extremely difficult to provide for their families and dependants.

“We aim to provide daily meals to support them during this challenging period.”

The company stated that it was one of the ways to encourage them to stay at home and to maintain social distancing to avoid the spread of the virus. The food is delivered to them at their various homes.

It added that the distribution was being done under safe and appropriate hygienic conditions to protect both the officials and the beneficiaries.

The Managing Director /Chief Executive Officer, Mr Babatunde Fajemirokun, stated, “We are prioritising the needs of the vulnerable and the under- privileged in these extraordinary times in line with our commitment to the United Nation’s Sustainable Development Goal on ‘Zero Hunger.’

Also Read:  Insurers target foreign operations’ sell-off in Q1 2020

“We will continue to pursue causes and drive initiatives to ameliorate the impact of the lockdown, through this season and beyond.”

It recalled that the company was actively involved in collaborative efforts with other industry stakeholders in donations towards the fight against COVID-19.

AIICO provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers.


Leave a Reply

Your email address will not be published. Required fields are marked *

CAPTCHA ImageChange Image