Business
Cadbury Nigeria @60 Fireside Chat With Dr Christopher Kolade: Here are the key points
Dr. Kolade also stressed the significance of prioritizing people and responsibility over status, citing a personal experience at Cadbury Nigeria.
Dr Christopher Kolade, the first indigenous CEO, Cadbury Nigeria Plc, has charged the company’s management and staff to live up to expectations in the discharge of their duties.
Dr Kolade gave the encouragement during a fireside chat to commemorate Cadbury Nigeria 60th Anniversary.
The former chairman, emphasized the importance of adhering to core principles, as a company does not perform better than its people.
He drew inspiration from Winston Churchill’s leadership during World War II, highlighting the need for leaders to adapt to changing contexts.
Dr. Kolade also stressed the significance of prioritizing people and responsibility over status, citing a personal experience at Cadbury Nigeria.
According to him, human capital aligns with the company’s commitment to sustainable growth and development.
The former CEO, who left the company 23 years ago, noted that,“people are the most important resource in the management of a business company.
Citing his personal life philosophy, he recalled that he begins with God the creator; proceed with Him; trust, follow and Obey Him daily and totally rely on Him for the outcome.
“Your responsibility leads to your status. Without responsibility no status. If you don’t know your responsibility people will push you to the wrong part,” he said.
The distinguished diplomat, academic and corporate leader, noted that change is inevitable but good principles remain constant.
“Times change -and so do many other things; Good principles remain constant. Leaders are tenants of time.”
The former CEO, who left the company 23 years ago, noted that,“people are the most important resource in the management of a business company.
“People look at status rather than responsibility..
He noted that every human activity faces at least four questions: the What, How, Who and Why.
He urged the audience to consider the following seven simple principles:
“This business company gives something to people.“People are seeking to obtain some value that they consider to be of appropriate quality and worth to themselves.
“People make business resources productive. “Each person can give or demand his/her best.
“People can usually do better because they can (desire to) learn and apply the fruits of learning.
“Success, failure and mistakes are learning opportunities.
“The Company does not perform better than its people.” He emphasised that people go the extra mile for the benefit of the company.
Business
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Business
NNPCL wants to sell 10% equity via IPO on NGX, LSE
NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.
The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.
The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.
NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.
Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.
The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.
Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.
Business
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