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Golden Terra Soya Oil: Healthy oil making inroads into Nigerian kitchens

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In recent years, the Nigerian culinary scene has witnessed a growing interest in healthy diets and lifestyles and as a result of this consumers are now more interested in cooking oils that not only provide excellent taste but are also packed with health benefits and nutritional value.

A notable oil in this regard is Golden Terra Soya Oil, which is renowned for its 5 times more Polyunsaturated Fatty Acids (PUFA), Omega-3 and Omega 6 fatty acids.

Golden Terra Soya Oil has grown increasingly popular in the Nigerian market as more consumers consider it a favourite cooking must-have for their day-to-day healthy lifestyle due to its remarkable composition and health-promoting properties.

Beyond its culinary delight, Golden Terra Soya Oil’s abundant natural supply of 5x more PUFA, which is considered good fat provides your body with the numerous health benefits it requires than the popular Palm Olein. PUFA, are “good fats” unlike Saturated fats, which are generally viewed as “bad fat” because they can raise your cholesterol levels which increases your risk of heart disease. PUFA are a type of fat that is good for your heart health. Since the body cannot make this type of fat, it must be included in your diet by adopting edible oil and foods high in PUFA.

Little wonder, that Golden Terra Soya Oil is gaining popularity and becoming a major item on the shelves and in every home in Nigeria. In comparative terms, while some other brands positioned as healthy oils on the market shelf have PUFA content of around only 10 percent, Golden Terra Soya Oil contains five times more PUFA making it the healthy choice for your cooking.

Speaking with Mrs. Lilian Onyeabor, a health-conscious consumer and mother of three, who claims she made a switch to soya oil after discovering that it is packed with lots of health and nutritional benefit that her family requires.

“My desire to live a healthy lifestyle has always been influenced by growing up in a household where both my parents are health professionals. I opt to use soya oil for my family because it has so many health benefits. After my little research, and reading most cooking brand compositions on their packs, I discovered that Golden Terra Soya contains all the health and nutritional benefits I need for my family’s well-being. The oil doesn’t foam and doesn’t give my meal an aftertaste”. She said

The growing acceptance of Golden Terra Soya Oil in Nigerian kitchens reflects a shift towards healthier lifestyle choices and a greater emphasis on well-being.  As consumers become more health-conscious, they actively seek nutritional alternatives that contribute to a balanced diet and improve overall health.

Probal Bhattacharya, Chief Marketing Officer, TGI Group, mentioned that Golden Terra Soya Oil is not only prioritizing health for a wide spectrum of consumers across Nigeria with its health credentials but also offering affordable & convenient choices for all.

“Through Golden Terra Soya Oil, we are serving a community of consumers who make conscious decisions about healthy cooking oil in their homes. It is our belief that with the brand’s immense health benefits, it will become a staple in most kitchens across Nigeria,” he stated.

Golden Terra Soya Oil is a premium, all-purpose cooking oil made from 100% pure soya beans, sourced and manufactured in Nigeria. It contains 5 times more PUFA (Polyunsaturated Fatty Acids) proven to deliver numerous health benefits. Discerning consumers trust Golden Terra Soya Oil to bring an unmatched balance of Taste & Health to every dish cooked with it. Available in various pack sizes ranging from N50, N100 & N500 pouches to 700ml bottles and 2.5L & 4.5L kegs.

Tropical General Investments (TGI) Group is an international investment and holding company with diversified interests and investments across Africa, The Middle East, Asia and other emerging markets. TGI’s investments focus on driving inclusivity and value addition using locally sourced raw materials, state-of-the-art manufacturing facilities and a highly skilled workforce to produce world-class products that are consumed both locally and exported to global markets. Across markets, TGI Group owns over a hundred leading brands in Fast Moving Consumer Goods, Agricultural Inputs, Industrial Chemicals, Homecare Products and Pharmaceuticals.

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BREAKING: Tinubu Appoints Ayodeji Gbeleyi as BPE DG

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President Tinubu
– Ayodeji Gbeleyi appointed as Director-General of Bureau of Public Enterprises
– Renowned financial expert and award-winning chartered accountant
– Over 30 years of experience in diverse sectors

President Bola Tinubu has appointed Ayodeji Ariyo Gbeleyi as the Director-General of the Bureau of Public Enterprises (BPE).

According to the President’s spokesman, Ajuri Ngelale, Gbeleyi is expected to bring his vast experience and competence to bear in this role.

Gbeleyi is a fellow of both the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria.

He has also attended executive programmes at the prestigious London Business School, Harvard Kennedy School of Government, and Lagos Business School.

With over 30 years of post-qualification experience in diverse sectors, Gbeleyi is well-equipped to strengthen the agency as the national resource centre for capacity building and sustenance of reforms.

The President expects him to promote a competitive private sector-driven economy and ensure social accountability and efficient deployment of public resources.

“The new Director-General is expected to bring his vast experience and competence to bear in this role,” said Ajuri Ngelale. “He will advance effective corporate governance and fiduciary discipline in the public and private sectors.”

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AGUSTO & CO UPGRADES WEMA BANK’S RATING TO Bbb+ WITH ESG SCORE OF 2

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AGUSTO & CO UPGRADES WEMA BANK’S RATING TO Bbb+ WITH ESG SCORE OF 2

…Confirms Stable Financial Outlook for the Bank

Following its strong 2023 financial performance, Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has received an upgraded rating from Agusto & Co, validating the Bank as Bbb+ rated with an ESG Score of 2 and confirming a stable outlook for the Bank.

Agusto & Co is a Pan-African credit rating agency and leading provider of industry research and knowledge in Nigeria and Sub-Saharan Africa.

By upgrading Wema Bank’s rating from BBB to BBB+, Agusto has confirmed that Wema Bank is of stable financial standing and more equipped than ever to keep fulfilling its duties as a commercial bank with National authorization.

This development is unsurprising as Wema Bank’s financial strength is reflected in the Bank’s FY 2023 Audited Financial Report. Among the outstanding results achieved by Wema Bank was a 196% increase in Profit Before Tax (PBT) from N14.75bn to N43.59bn translating to higher pre-tax return on average equity (ROE) and pre-tax return on average assets (ROA) from 21.5% to 43.9% and 1% to 2.1% respectively. The Bank also recorded a 220.4% increase in Profit After Tax (PAT) from N11.21bn to N33.66bn, 70.63% increase in Gross Earnings from N132.30bn to N225.75, 53.64% increase in Loans disbursed from N521.43bn to N801.10bn, a reduction in cost-to-income ratio (CIR) from 80.1% to 64.4% due to significant earnings growth despite economic fluctuations and 220.53% increase in Earnings per share from N87.2 to N279.5, among other indices.

According to Agusto & Co, “The upgrade of Wema Bank’s rating to Bbb+ is underpinned by improved profitability despite macroeconomic headwinds, lower impaired loan ratio, better deposit mix, strong shareholders’ support as reflected in the successful rights issue exercise and perpetual bond issuance. We have also attached an ESG score of ‘2’, reflecting our view that environmental, social, and governance issues have a minimal impact on Wema Bank’s rating”.

Affirming the Bank’s commitment to providing stakeholders with optimum returns, Moruf Oseni, Wema Bank’s MD/CEO, expressed the Bank’s gratitude to Agusto & Co for acknowledging the strong progress made by the Bank. “Wema Bank is on a journey to the top and we are driven by a commitment to delivering exceptional value, exceeding expectations, and providing optimum returns to every stakeholder—shareholders, customers, employees, and partners alike. It is this commitment that has reflected positively in our numbers and will propel our growth over the next decade”.

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