Business
Rite Foods Mark Corporate Compliance & Ethics Week 2025
Mr. Seleem Adegunwa, Managing Director/CEO of Rite Foods Limited, says that the company’s success is deeply rooted in integrity, accountability, and respect for both people and processes
•From Left: Lekan Oladipupo, HSE officer, Mr. Godfrey Ojo, Head Internal Audit, Adeyemi Adefulorin, Risk Assurance and Control, and Adetona Olutope, Regulatory manager, all of Rite Foods Limited.
Mr. Seleem Adegunwa, Managing Director/CEO of Rite Foods Limited, says that the company’s success is deeply rooted in integrity, accountability, and respect for both people and processes.
He states this during an event to mark the company’s Corporate Compliance & Ethics Week 2025, held in Lagos.
The week-long observance emphasizes the company’s belief that compliance is not just a rule to follow; it is a culture, a value, and a way of life embedded in every aspect of its operations.
“At Rite Foods, compliance is not just a requirement, it is a mindset. It defines who we are, how we operate, and the standards we uphold.
We hold ourselves accountable to the highest ethical standards, and this commitment shapes our relationships with employees, consumers, and partners alike,” he said.
Oluyemi Lawal-Daki, Head, Legal & Company Secretary, added that Compliance Week reflects the company’s proactive approach to ethics and governance.
“Our goal is not just to meet compliance obligations but to live them daily. Every employee understands that integrity and compliance form the backbone of sustainable business success,” she stated.
Business
TIME Names Moniepoint CTO Felix Ike Among 50 Global Executives of the Year
In its citation, TIME said Ike “has helped to establish the business as one of Africa’s leading financial platforms.
TIME magazine has named Felix Ike, co-founder and Chief Technology Officer of Nigerian fintech Moniepoint, to its inaugural Executives of the Year: Tech and Data list.
Ike is the only executive representing an African company among the 50 leaders selected for the 2026 list.
The list, unveiled on Tuesday, September 22, recognises chief information officers, chief technology officers, chief data officers and chief product officers whose decisions are shaping how major organisations deploy technology and use data.
Moniepoint is also the only African company represented on the inaugural list.
Ike was named alongside executives from Netflix, CrowdStrike, Dell, Duolingo, AT&T, OpenAI, Anthropic, Shopify and Reddit, among others.
In its citation, TIME said Ike “has helped to establish the business as one of Africa’s leading financial platforms.
“The recognition follows Moniepoint’s inclusion in TIME’s 2025 list of the 100 Most Influential Companies, giving the Lagos-founded fintech another global distinction.
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Business
Djibouti, Ethiopia and Dangote to build $660 million petroleum pipeline
In Kenya, Dangote and the government are due to break ground on a new 700,000-barrel-per-day crude oil refinery in Lamu next week.
Ethiopia, Djibouti and Nigerian billionaire Aliko Dangote plan to build a $660 million refined petroleum pipeline that will connect Ethiopia and Djibouti, a spokesperson in Ethiopian Prime Minister Abiy Ahmed’s office said on Thursday.
The project will include a 120-km (75-mile) pipeline, as well as approximately 375,000 cubic metres of storage capacity at Damerjog in Djibouti and 800,000 cubic metres at Dewele in Ethiopia, the spokesperson told Reuters, adding it should become operational within 18 months.
Abiy said on his X account the project will be developed through a partnership between Ethiopian Investment Holdings and the Dangote Group, which separately is already building a $4 billion fertiliser pipeline and power plant, and a polypropylene packaging facility, in Ethiopia.
The project aims to reduce logistics costs and delays along the Ethiopia-Djibouti transport corridor, Abiy said.
Developers say the infrastructure will strengthen energy security and improve supply chain resilience for the two countries, he said.
Abiy is on a visit to Djibouti and made the announcement alongside its president, Ismail Omar Guelleh, and Dangote.
In Kenya, Dangote and the government are due to break ground on a new 700,000-barrel-per-day crude oil refinery in Lamu next week.
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