News
Coca-Cola Commemorates World Cleanup Day: Unveils “Project Revive” and Rewards Environmental Champions
The Coca-Cola Company, in 2018 launched a World without Waste Campaign with a simple focused purpose to make the world’s packaging waste problem a thing of the past.
The World Without Waste drive was built on three fundamental goals: make all consumer packaging 100% recyclable by 2025 and aspire to create packaging that is at least 50% recycled material by 2030; collect and recycle a bottle or can for each one the company sells by 2030; Work together with various partners to support a healthy, debris-free environment.
To drive this global mandate home, Coca-Cola Nigeria Limited have partnered with RecyclePoints, a waste recycling and social enterprise to actualize a corporate recycling program.
The program implores the company’s associates to weekly drop-off the recyclables they recovered from their homes or neighborhood at designated point at the company’s official car park where it’s program partners, RecyclePoints picks the recyclables up for onward processing.
This program which started with Coca-Cola associates soon attracted keen observers within the Ikoyi community where Coca-Cola Head office is located. Street sweepers, facility cleaners, domestic helps and lots of other residents within Ikoyi axis quickly subscribed to participate and earn rewards following the recycling rewards program facilitated by RecyclePoints recycling model.
This scheme has attracted over 75 registered subscribers who have so far deposited over 10,000 kilograms of plastic bottles/cans.
An official ceremony was held on Wednesday, September 30, 2020, at the Coca-Cola parking lot in Ikoyi to duly reward participants with exciting gifts, ranging from home appliances to foodstuff.
In attendance were the Permanent Secretary, Lagos State Ministry of Environment, Mrs. Belinda Aderonke Odeneye; Managing Director, Lagos Waste Management Authority, Mr. Ibrahim Adejuwon Odumboni; Executive Director, Extended Hands Foundation, Mrs. Stephanie Linus and Executive Director, RecyclePoints, Mr. Taiwo Adewole, to name a few.
Speaking on the initiative, the Public Affairs, Communications & Sustainability Manager, Coca-Cola Nigeria Limited, Nwamaka Onyemelukwe said, “We have always remained committed to ensuring we achieve our environmental goals and this initiative is one of the many ways we aim to do so. We all have the collective responsibility of keeping our environment clean and Coca-Cola is committed to promoting a sustainable environment through its plastic recycling and recovery activities.”
She further noted that the Covid-19 pandemic has caused hardship and economic loss to individuals and communities. As part of Coca-Cola’s efforts to support communities recover from the economic challenges posed by the pandemic, a post-covid economic empowerment programme tagged “Project Revive” has been launched.
The Project Revive will support the economic recovery and empowerment of women and youths whom have been most impacted by the pandemic. They will be equipped with recyclables collection materials, training and access to drop-off points or recycling banks where they can exchange their recyclables for cash or household supplies. We’re resolutely focused on how we can create value and contribute best to our collective recovery like never before.
As part of the event, a recycling bank was commissioned to aid the gathering and processing of the collected materials.
Commenting on the recycling bank, Aderonke Oduneye, permanent Secretary, Lagos State Ministry of Environment, added, “With this site, we’re making sure that the collection and onward processing of the recycled materials is made seamless and easy. We’re very optimistic about the project as we’re working on making this a first of many.”
“As partners, we are delighted to work with Coca-Cola to invest in the environment while in turn increasing the livelihood of our workers and Lagosians in general. We hope that we can inspire more residents to make a conscious effort to impact our environment positively” said Managing Director, Lagos Waste Management Authority, Ibrahim Adejuwon Odumboni.
Coca-Cola remains committed to ensuring the buy-in of everyone into the “World Without Waste” campaign and is much more committed to rewarding and encouraging, regardless of social class, those who participate in creating a sustainable environment for us all.
The Executive Director of RecyclePoints, Mr. Taiwo Adewole announced that their partnership with Coca-Cola will inform the setting up of more Recycling Banks and Drop-off Points in the country to make recycling very accessible and convenient for post-consumers to dispose their waste responsibly.
He stated that the target is to engage and empower 5,000 women before the end of the year under the Project Revive program and this will further strengthen Coca-Cola’s 5 by 20 ambition of empowering 5 million women entrepreneurs across its value change by 2020.
With grants of over $800,000 from the Coca-Cola Foundation to multiple local NGOs, several recycling and women empowerment programs are being implemented to address the issue of environmental protection while empowering women who are significant pillars of the environment.
Elon Musk is poised to become the world’s first trillionaire after SpaceX, his company, confirmed plans to go public.
Elon Musk
Because Musk owns the majority of the shares, it could push his net worth over the trillion dollar mark.
The entrepreneur is known for his leadership of Tesla, SpaceX, X, and xAI.
Musk has been the wealthiest person in the world since 2025; as of May 2026, Forbes estimates his net worth to be $788 billion.
SpaceX has filed for a blockbuster public listing in the United States, paving the way for what could become the largest stock market debut in Wall Street history.
The company, formally known as Space Exploration Technologies, announced plans to begin trading under the ticker symbol “SPCX” as early as next month.
The listing values SpaceX at about $1.25 trillion, with Musk’s majority ownership potentially worth more than $600 billion alone.
Combined with his existing holdings in companies including Tesla, the IPO could push Musk’s personal wealth above the $1 trillion mark.
The long-awaited filing also offered investors a rare look into SpaceX’s finances.
The company reported $18.6 billion in revenue last year but recorded a net loss of $4.9 billion. In the first quarter of this year, SpaceX generated $4.7 billion in sales while posting a $4.3 billion net loss.
Financial disclosures showed the company holds $102 billion in assets, including rockets, launch infrastructure and satellite systems, while carrying debts totalling $60.5 billion.
Despite the losses, analysts suggested investors were unlikely to be deterred given SpaceX’s dominance in commercial space launches and satellite internet services.
Ruth Foxe-Blader, managing partner at Citrine Venture Partners, described the planned flotation as “extremely exciting.”
“SpaceX is just an absolutely sprawling, enormous project with so many different selling points, and so many points that really point to the future,” she said.
SpaceX operates the Starlink satellite internet network and also owns Musk’s artificial intelligence company, xAI.
The IPO filing revealed that xAI recently reached a major commercial agreement with rival AI company Anthropic, maker of the Claude chatbot.
Under the arrangement, Anthropic will reportedly pay $15 billion annually to access data centre infrastructure linked to xAI operations in the American South.
The filing also disclosed that SpaceX expects to incur more than half a billion dollars in legal costs from multiple ongoing lawsuits and regulatory disputes.
Among the cases listed were claims alleging that xAI’s chatbot Grok had been used to create sexualised deepfakes of women and girls, alongside patent infringement disputes, music copyright claims, data breach allegations and investigations into compliance with European Union content moderation rules.
Musk has previously said he plans to dissolve xAI as a standalone company and pursue his AI ambitions directly under SpaceX.
The filing came shortly after Musk lost a high-profile legal battle against OpenAI and its chief executive Sam Altman.
Musk had accused OpenAI of abandoning its non-profit mission after shifting towards a commercial model, but a jury dismissed the lawsuit, ruling that he had waited too long to bring the claims.
African financial services platform Moniepoint has partnered with open banking software-as-a-service provider tell.money to deploy a transaction security system in the UK market.
The companies said the partnership will allow Moniepoint to implement Confirmation of Payee, an account name-checking service designed to verify recipient details before payments are processed.
The integration will be rolled out through Monieworld, Moniepoint’s UK remittance subsidiary, as part of the company’s broader European expansion strategy.
Tell.money will provide the underlying verification technology, which the companies said is intended to reduce misdirected payments and help protect users against cross-border fraud.
Ravi Jakhodia, CEO of Monieworld, said: “Our goal with Monieworld is to build financial services for Africans in the diaspora.”
He added that tell.money was selected because it manages compliance and accreditation requirements, allowing the fintech company to focus on customer service.
Moniepoint is entering a competitive UK-to-Africa remittance market that includes established providers such as Wise, WorldRemit and Remitly, as well as African fintech firms including Flutterwave’s Send App.
According to data from the World Bank’s KNOMAD programme, remittance flows to low- and middle-income countries are estimated at about $620 billion annually, with digital -first platforms capturing increasing market share through open banking integrations and automated compliance systems.
The rollout reflects a broader trend of African fintech firms expanding into developed markets by adopting local regulatory and open banking standards.
Industry analysts expect diaspora-focused platforms to evolve beyond money transfers into services such as multi-currency banking, credit and investment products.
President Bola Ahmed Tinubu has appointed 39‑year‑old Professor Segun Aina as the new Registrar of the Joint Admissions and Matriculation Board (JAMB), succeeding Professor Is‑haq Oloyede whose two‑term tenure expires on July 31, 2026.
Professor Segun Aina
Aina, who will turn 40 in July, will become the youngest registrar in JAMB’s history, marking a generational shift in the leadership of Nigeria’s premier tertiary‑admissions body.
In a statement issued in Abuja by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, the new registrar was described as a distinguished academic and systems expert with extensive experience in national examination systems, digital infrastructure and public‑sector institutional reform.
A professor of Computer Engineering at Obafemi Awolowo University, Ile‑Ife, Aina holds a Bachelor of Engineering in Computer Systems Engineering from the University of Kent, an MSc in Internet Computing and Network Security and a PhD in Digital Signal Processing, both from Loughborough University, United Kingdom. He also completed the Senior Management Programme at Lagos Business School.
His early career with JAMB began during his National Youth Service Corps scheme, where he gained foundational experience in national admissions and data‑driven institutional processes; those insights have since shaped his contributions to examination reform and systems optimisation.
At 39, Aina became one of Nigeria’s youngest professors of Computer Engineering and has advised federal and state governments on system design, digital transition and operational reform, while also consulting major examination bodies such as NECO and NABTEB on ICT systems and examination integrity.
He is a member of the Council for the Regulation of Engineering in Nigeria (COREN), the Nigerian Society of Engineers (NSE), the Institute of Electrical and Electronics Engineers (IEEE) and the Institution of Engineering and Technology (IET).
President Tinubu expects Aina to leverage his experience, knowledge and practical insight to further strengthen JAMB’s operations and to build on the achievements recorded under Professor Oloyede’s leadership.
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