Climate Justice Movement in Nigeria to Tackle Oil Polluters Launched

Greenpeace Africa has brought together over 40 Nigerian civil society groups to launch the Climate Justice Movement. Credit: Promise Eze/IPS

Greenpeace Africa has brought together over 40 Nigerian civil society groups to launch the Climate Justice Movement. Credit: Promise Eze/IPS

By Promise Eze
ABUJA, May 29 2025 – Greenpeace Africa earlier in May brought together over 40 Nigerian civil society groups in Abuja to launch the Climate Justice Movement, the first of its kind in the country. The goal is to unite various climate efforts nationwide and address the severe impacts of climate change on Nigeria and the African continent.

The Climate Justice Movement in Nigeria is part of Greenpeace Africa’s broader effort to build new partnerships and strengthen collective action across the continent.  Similar launches have taken place in the Democratic Republic of Congo, Cameroon, and Ghana. The movement promotes collaboration among grassroots groups, advocating for sustainable solutions and environmental justice across the region.

At the end of the two-day event, the groups signed the Polluters Pay Pact, calling on oil and gas companies to take responsibility for the environmental harm they have caused. A joint declaration followed, reaffirming their commitment to holding polluters accountable and ensuring Africa’s voice is heard in global climate negotiations.

“Africa’s contribution to the climate crisis, in terms of pollution, is so minimal that it’s almost negligible. Yet, our communities are among the hardest hit. While developed nations were industrializing, they polluted the environment and left us behind. Now, they are even resisting efforts to support other communities as we work to adapt and reduce the impact of climate change for the sake of our well-being and livelihoods,” said Murtala Touray, Programme Director at Greenpeace Africa.

Speaking on the importance of the movement in Nigeria, he added, “The destruction we are witnessing today demands action. We must rise to protect our planet, safeguard the livelihoods and dignity of our communities, and leave the world better for future generations. The launch of the Climate Justice Movement in Nigeria is not just a one-time event; it marks the beginning of a long journey.”

The Curse of Oil in Nigeria

Friday Nbani, a resident of the oil-rich Niger Delta, has witnessed many oil spills. For him, oil, once seen as a blessing, has become a source of pain and destruction.

The Niger Delta is considered one of the most polluted regions in the world. Decades of unchecked oil extraction have led to oil spills, gas flaring, and the release of toxic chemicals. These have poisoned the land and water, destroying livelihoods and the environment. Despite the huge wealth generated from oil, the region remains poor, with polluted rivers and the loss of important mangrove forests.

Only recently, on May 5, 2025, a fresh oil spill occurred in the Ikata community, Rivers State, in the Niger Delta. It happened along a 14-inch pipeline operated by Renaissance Africa Energy Company Ltd. (RAEC). This company had recently bought Shell’s Nigerian assets in a $2.4 billion deal.

Now, RAEC is facing a lawsuit. The Bodo community in Gokana Local Government Area is taking the company to court. They say the cleanup of two major oil spills from 2008, caused by pipelines operated by Shell, is still not properly done. Those spills reportedly released over 600,000 barrels of oil into their waters and damaged large areas of mangrove forests. Experts say it was one of the worst oil spills in the world, with about 40 million litres of oil spilled every year across the Niger Delta.

Shell, a British oil company that first pumped oil in the Niger Delta in 1956, is considered a notorious oil polluters in Nigeria. It has been accused of damaging the Niger Delta for many years. Now, critics say it is trying to escape responsibility by selling off its assets.

Sherelee Odayar, Oil and Gas Campaigner at Greenpeace Africa, spoke out against this.

“For decades, oil giants like Shell have extracted billions in profits from Nigerian soil while leaving behind devastated ecosystems and broken communities. Recent media investigations exposing Shell’s negligence in the Niger Delta are an example of the toxicity and selfish, unempathetic profiteering communities have endured for generations. Through this declaration, we’re sending a clear message: the era of unchecked pollution and corporate impunity is over. It’s time for polluters to pay,” she said.

Shell, quoted by Reuters, blamed the majority of spills on illegal third-party interference, such as pipeline sabotage and theft. Two communities have taken the company to court over the environmental damage. A Shell spokesperson said litigation “does little to address the real problem in the Niger Delta: oil spills due to theft, illegal refining and sabotage, which cause the most environmental damage.”

Nbani, who leads the Lekeh Development Foundation, a grassroots-based advocacy organization, and supports the Polluters Pay Pact, believes the Climate Justice Movement can help communities get justice.

“The spills have affected our health, farming, and fishing. Even our homes are not safe,” he told IPS. “People are speaking up because they are suffering. Only those who live here truly understand. But the government still talks about producing more oil. We feel forgotten. How much longer can we live like this?”

A People-Powered Movement

“I believe the solution is people power. People need to realize the power they have. Movements like the Climate Justice Movement are important because they help people understand their right to control their resources. If you own something, you should have control over it,” Nbani said.

He is excited that the movement is being led by grassroots communities, activists, and civil society groups directly affected by the climate crisis. He added that it allows those most impacted to organize, push for environmental justice, and demand accountability from polluters.

Cynthia Moyo, Climate and Energy Campaign Lead at Greenpeace Africa, said launching a people-powered Climate Justice Movement in Nigeria is essential given the country’s significant role in the climate crisis.

“Nigeria’s climate and energy future depends heavily on political will, regional cooperation, and meaningful investment in clean energy. The choices we make in this decade will determine whether we become a climate-resilient continent with a stable economy or remain trapped in the risks and instability of fossil fuel dependence. It is essential that we begin a just transition from fossil fuels to renewable energy,” she told IPS.

While the Climate Justice Movement is people-powered, Tolulope Gbenro, a social impact consultant, emphasized the importance of youth involvement.

“Climate change affects everyone, and the justice movement fights for both the present and the future. Young people are not just leaders of tomorrow but also of today. If they’re not involved in decisions that affect the climate, their future and the planet’s will be at risk,” she said.

Hope in the Dark

Dandyson Harry Dandyson, a human rights advocate and resident of the Niger Delta, wants the government to impose taxes on oil polluters to hold them accountable for the damage they have caused. He advocates for leaving oil in the soil and focusing on sustainable solutions such as renewable energy. For him, the Climate Justice Movement represents hope in the dark, as it aims to empower communities to halt oil production and promote eco-friendly energy alternatives.

“Putting pressure on oil polluters to take financial responsibility for environmental damage will be effective. One of the major concerns we have here in Nigeria is the government’s lackadaisical attitude toward implementing policies and treaties they sign. When governments fail to take action, we continue to face these issues. However, with the Climate Justice Movement, as we begin pressuring and shaming polluters, especially the International Oil Companies, government ministries, and parastatals complicit in these practices, I believe things will change. Naming and shaming these entities will help bring the necessary attention to these environmental crimes,” he noted.

At the end of the event, participants presented their next line of action, which they would undertake in their communities immediately. These included an intense campaign for the cleanup of the Niger Delta, holding town hall meetings to help community members understand their rights, and an accountability campaign for the utilization of funds to combat desertification, gully erosion, and ocean surges.

IPS UN Bureau Report

 


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Can These Prehistoric Sea Creatures Survive Climate Change?

While a rise in temperature brings an uncertain future for the olive ridley sea turtles, the efforts of international conservation organizations that ban the trade in turtle meat, leather, and shells; the Indian government; coast guards; and village volunteers, including fishermen, have made a huge difference in ensuring their continued existence. Even young village children are eager to do their bit to make sure the turtles survive.

The 2025 World Social Summit Must Not Be a Missed Opportunity

By Isabel Ortiz, Odile Frank and Gabriele Koehler
GENEVA / NEW YORK, May 29 2025 – Rumors circulating at UN Headquarters suggest there is little appetite for ambition at the Second World Summit for Social Development, set to take place in Doha on 4-6 November 2025. Diplomats and insiders whisper of “summit fatigue” after a packed calendar of global gatherings—the 2023 SDG Summit, the 2024 Summit of the Future, and the upcoming June 2025 Fourth International Conference on Financing for Development. Compounding this fatigue is the chilling rise of anti-rights rhetoric and political resistance from some governments, casting a shadow over multilateral efforts. For some, just getting any multilateral agreement is good enough. As a result, the Zero Draft of the Social Summit Political Declaration lacks the ambition required to confront the multiple social crises our world faces.

Isabel Ortiz

Many have raised the alarm: we need more than vague recommitments—we need a strong plan to bring people back to the center of the policy agenda. The stakes could not be higher. The world has changed dramatically since the historic 1995 first Social Summit in Copenhagen. Then, world leaders recognized the need for human-centered development. Today, the urgency has grown exponentially in our fractured and volatile world. People face multiple overlapping crises — a post pandemic poly-crisis, a cost-of-living crisis pushing millions into poverty, corporate welfare prioritized over people’s welfare, a rapid erosion of democracy leading to staggering disparities, an escalating climate emergency, a prolonged jobs crisis that is poised to dramatically worsen by the use of artificial intelligence (AI). Trust in governments and multilateral institutions is eroding, social discontent and protests are multiplying, and inequalities—within and between countries—have reached grotesque levels. A timid declaration would be a betrayal of the people who look to the United Nations as a beacon of fairness and human dignity.

The Summit is a once-in-a-generation opportunity for governments and the UN to remedy the grievous social malaise and lead a global recommitment to social justice and equity. For this, the Social Summit Declaration must offer more than aspirational language; it must define binding action with explicit commitments to build societies that work for everyone and bring prosperity for all, in areas such as:

    • Reducing income and wealth inequalities, which deeply erode social cohesion, democratic governance, and sustainable development;

    Odile Frank

    • Making gender justice a pillar of the Declaration: a Social Summit that fails to prioritize gender equality will fail half of the world population and fail in its mission to deliver on human rights, dignity, and sustainable development;
    • Delivering universal, quality public services by committing to publicly funded and delivered systems, with a clear focus on protecting public sector workers and eliminating barriers to quality services, in the context of robust public investment, grounded in fairer financing, reversing austerity cuts and aid cuts;
    • Ringfencing social development from budget cuts, privatization and blended finance, reversing the harmful impacts of austerity cuts, privatization/PPPs and commodification of public services, particularly their negative impact on affordability, accessibility, quality and equity of public services;
    • Addressing rising income precarity by investing in decent work with labor rights/standards and universal social protection systems and floors;
    • Regulating and taxing technology equitably. While AI is generating unprecedented private wealth, it is estimated that 40% of jobs could be lost to AI by 2030, with administrative roles (predominantly held by women) facing nearly triple the risk of displacement; governments need to redress the negative social impacts of IA such as job displacement and wealth concentration, providing adequate social protection measures for those affected by job losses and taxation of AI-driven profits to redistribute benefits back to societies;

    Gabriele Koehler

    • Promoting a care economy supportive of women that prioritizes well-being over GDP growth;
    • Moving beyond GDP growth, recognizing the limitations of growth-centric paradigms and committing to policies that promote ecological sustainability and equitable development;
    • Systematically assessing the social impacts and distributional effects of economic policies, including disaggregated data by, at least, gender and income group; if analysis reveals that the majority of people are not the primary beneficiaries or that social outcomes and human rights are undermined, policies must be revised to ensure equitable development;
    • Ensuring fair and sustainable resource mobilization, committing to progressive taxation, eliminating/reducing illegitimate debt, fighting illicit financial flows, collecting adequate social security contributions from corporations, and other feasible financing options;
    • Pushing back against anti-rights and anti-gender movements, reaffirming global commitments to human rights and democracy.

Us make this summit the moment we choose dignity and social justice over apathy and mediocrity. We know we must strive for more ambitious commitments. The 2025 World Social Summit must not be a missed opportunity.

Isabel Ortiz, Director, Global Social Justice, was Director at the International Labor Organization (ILO) and UNICEF, and a senior official at the UN and the Asian Development Bank.

Odile Frank, Executive Secretary, Global Social Justice, was Director, Social Integration at the UN and senior official at the OECD, ILO and the World Health Organization (WHO).

Gabriele Koehler, Board Member of Global Social Justice and of Women Engage for a Common Future (WECF), was a senior official at UN-ESCAP, UNCTAD, UNDP and UNICEF.

IPS UN Bureau

 


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CGC DEADLINE: ROSEN, HIGHLY REGARDED INVESTOR RIGHTS COUNSEL, Encourages Canopy Growth Corporation Investors with Losses in Excess of $100K to Secure Counsel Before Important June 3 Deadline in Securities Class Action – CGC

NEW YORK, May 28, 2025 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Canopy Growth Corporation (NASDAQ: CGC) between May 30, 2024 and February 6, 2025, both dates inclusive (the “Class Period”), of the important June 3, 2025 lead plaintiff deadline.

SO WHAT: If you purchased Canopy Growth securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Canopy Growth class action, go to https://rosenlegal.com/submit–form/?case_id=16092 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 3, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Canopy Growth had incurred significant costs producing Claybourne Co. (“Claybourne”) pre–rolled joints in connection with the Claybourne product launch in Canada; (2) the foregoing costs, in addition to certain indirect costs that Canopy Growth incurred in connection with its Storz & Bickel vaporizer devices, were likely to have a significant negative impact on the Canopy Growth’s gross margins and overall financial results; (3) accordingly, defendants had overstated the efficacy of Canopy Growth’s cost reduction measures and the health of its gross margins while downplaying issues with the same; and (4) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Canopy Growth class action, go to https://rosenlegal.com/submit–form/?case_id=16092 call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686–1060
        Toll Free: (866) 767–3653
        Fax: (212) 202–3827
        [email protected]
        www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 9459534)

BBAI DEADLINE: ROSEN, A RANKED AND LEADING LAW FIRM, Encourages BigBear.ai Holdings, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 10 Deadline in Securities Class Action – BBAI

NEW YORK, May 28, 2025 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of BigBear.ai Holdings, Inc. (NYSE: BBAI) between March 31, 2022 and March 25, 2025, both dates inclusive (the “Class Period”), of the important June 10, 2025 lead plaintiff deadline.

SO WHAT: If you purchased BigBear.ai securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the BigBear.ai class action, go to https://rosenlegal.com/submit–form/?case_id=37621 or call Phillip Kim, Esq. at 866–767–3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 10, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) BigBear.ai maintained deficient accounting review policies related to the reporting and disclosure of certain non–routine, unusual, or complex transactions; (2) as a result, BigBear.ai incorrectly determined that the conversion option within the 2026 Convertible Notes qualified for the derivative scope exception under Accounting Standards Codification (“ASC”) 815–40 and failed to bifurcate the conversion option as required by ASC 815–15; (3) accordingly, BigBear.ai had improperly accounted for the 2026 Convertible Notes; (4) the foregoing error caused BigBear.ai to misstate various items in several of BigBear.ai’s previously issued financial statements; (5) as a result, these financial statements were inaccurate and would likely need to be restated; (6) BigBear.ai would require extra time and expense to correct the inaccurate financial statements, thereby increasing the risk that BigBear.ai would be unable to timely file certain financial reports with the SEC; and (7) as a result, BigBear.ai’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the BigBear.ai class action, go to https://rosenlegal.com/submit–form/?case_id=37621 or call Phillip Kim, Esq. at 866–767–3653 or email [email protected] for more information.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686–1060
        Toll Free: (866) 767–3653
        Fax: (212) 202–3827
        [email protected]
        www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 9459512)

BKKT DEADLINE: ROSEN, LEADING TRIAL ATTORNEYS, Encourages Bakkt Holdings, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 2 Deadline in Securities Class Action – BKKT

NEW YORK, May 28, 2025 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Bakkt Holdings, Inc. (NYSE: BKKT) between March 25, 2024 and March 17, 2025, both dates inclusive (the “Class Period”), of the important June 2, 2025 lead plaintiff deadline.

SO WHAT: If you purchased Bakkt securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Bakkt class action, go to https://rosenlegal.com/submit–form/?case_id=5546 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 2, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) misrepresented the stability and/or diversity of its crypto services revenue; (2) failed to disclose Bakkt’s Crypto services revenue was substantially dependent on a single contract with Webull; (3) misrepresented its ability to maintain key client relationships; and (4) as a result of the foregoing, defendants’ positive statements about Bakkt’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Bakkt class action, go to https://rosenlegal.com/submit–form/?case_id=5546 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
[email protected]
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 9459497)

Nyxoah to Present at the Jefferies Global Healthcare Conference

Nyxoah to Present at the Jefferies Global Healthcare Conference

Mont–Saint–Guibert, Belgium – May 28, 2025, 10:30pm CET / 4:30pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company that develops breakthrough treatment alternatives for Obstructive Sleep Apnea (OSA), today announced that the Company will participate in the Jefferies Global Healthcare Conference, which takes place June 3 – 5, 2025 in New York.

Olivier Taelman, Nyxoah’s Chief Executive Officer, will deliver a corporate presentation on Tuesday, June 4, 2025, at 4:55pm ET. A webcast of the presentation will be available in the Events section of Nyxoah’s Investor Relations website. The Company will be available for 1×1 meetings with institutional investors.

Nyxoah’s Investor Presentation can be accessed on the Shareholder Information section of the Company’s Investor Relations page.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah’s lead solution is the Genio® system, a patient–centered, leadless and battery–free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company announced positive outcomes from the DREAM IDE pivotal study.

For more information, please visit http://www.nyxoah.com/.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Forward–looking statements
Certain statements, beliefs and opinions in this press release are forward–looking, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the Genio® system; planned and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; receipt of FDA approval; satisfactory completion of a manufacturing facilities, methods and controls review, and the anticipated timing of the foregoing; entrance to the U.S. market; and the Company's results of operations, financial condition, liquidity, performance, prospects, growth and strategies. By their nature, forward–looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward–looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20–F for the year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”) on March 20, 2025, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward–looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward–looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward–looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward–looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward–looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward–looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward–looking statements, which speak only as of the date of this press release.

Contacts:

Nyxoah
John Landry, CFO
[email protected]

Attachment


GLOBENEWSWIRE (Distribution ID 1001099538)

Nyxoah Participera à la Jefferies Global Healthcare Conference

Nyxoah Participera à la Jefferies Global Healthcare Conference

Mont–Saint–Guibert, Belgique – 28 mai 2025, 22h30 CET / 16h30 ET – Nyxoah SA (Euronext Bruxelles/Nasdaq : NYXH) (« Nyxoah » ou la « Société ») une société de technologie médicale développant des alternatives thérapeutiques innovantes pour l'apnée obstructive du sommeil (AOS) par la neuromodulation, a annoncé aujourd'hui qu’elle participera à la Jefferies Global Healthcare Conference, qui aura lieu du 3 au 5 juin 2025 à New York.

Olivier Taelman, Chief Executive Officer de Nyxoah, présentera une mise à jour de l’entreprise le mardi 4 juin 2025 à 16h55 ET. La diffusion Web sera disponible sur la page Events du site Web des relations avec les investisseurs de Nyxoah. La Société sera également disponible pour des réunions en tête–à–tête avec les investisseurs institutionnels.

La présentation aux investisseurs de Nyxoah est accessible dans la section Shareholder Information de la page Company’s Investor Relations.

A propos de Nyxoah

Nyxoah opère dans le secteur des technologies médicales. Elle se concentre sur le développement et la commercialisation de solutions innovantes destinées à traiter le Syndrome d’Apnées Obstructives du Sommeil (SAOS). La principale solution de Nyxoah est le système Genio®, une thérapie de neurostimulation du nerf hypoglosse sans sonde et sans batterie qui a reçu le marquage CE, centrée sur le patient et destinée à traiter le Syndrome d’Apnées Obstructives du Sommeil (SAOS), le trouble respiratoire du sommeil le plus courant au monde. Ce dernier est associé à un risque accru de mortalité et des comorbidités, dont les maladies cardiovasculaires. La vision de Nyxoah est que les patients souffrant de SAOS doivent pouvoir profiter de nuits réparatrices et vivre pleinement leur vie.

À la suite de la finalisation probante de l’étude BLAST OSA, le système Genio® a reçu le marquage européen CE en 2019. Nyxoah a réalisé avec succès deux IPO : l’une sur Euronext Bruxelles en septembre 2020 et l’autre sur le NASDAQ en juillet 2021. Grâce aux résultats positifs de l'étude BETTER SLEEP, Nyxoah a reçu le marquage CE pour l’extension de ses indications thérapeutiques aux patients souffrant de collapsus concentrique complet (CCC), pour lesquels les thérapies concurrentes sont actuellement contre–indiquées. En outre, la Société a annoncé les résultats positifs de l'étude pivot DREAM IDE.

Pour plus d’informations, visitez www.nyxoah.com

Attention – Marquage CE depuis 2019. Dispositif de recherche aux États–Unis. Limité à un usage expérimental aux États–Unis par la loi fédérale américaine.

Déclarations Prospectives

Certaines déclarations, croyances et opinions contenues dans le présent communiqué de presse sont de nature prospective et reflètent les attentes actuelles de la Société ou, le cas échéant, des administrateurs ou de la direction de la Société concernant le système Genio®, les études cliniques prévues et en cours sur le système Genio®, les avantages potentiels du système Genio®, les objectifs de Nyxoah concernant le développement, la voie réglementaire et l'utilisation potentielle du système Genio®, l'obtention de l'approbation de la FDA, l'achèvement satisfaisant de l'examen des installations de fabrication, des méthodes et des contrôles, et le calendrier prévu pour ce qui précède, l'entrée sur le marché américain, ainsi que les résultats d'exploitation, la situation financière, les liquidités, les performances, les perspectives, la croissance et les stratégies de la Société. De par leur nature, les déclarations prévisionnelles impliquent un certain nombre de risques, d'incertitudes, d'hypothèses et d'autres facteurs qui pourraient faire en sorte que les résultats ou les événements réels diffèrent matériellement de ceux exprimés ou sous–entendus dans les déclarations prévisionnelles. Ces risques, incertitudes, hypothèses et facteurs pourraient avoir une incidence négative sur les résultats et les effets financiers des plans et des événements décrits dans le présent document. En outre, ces risques et incertitudes comprennent, sans s'y limiter, les risques et incertitudes énoncés dans la section « Facteurs de risque » du rapport annuel de la Société sur le formulaire 20–F pour l'exercice clos le 31 décembre 2024, déposé auprès de la Securities and Exchange Commission (« SEC ») le 20 mars 2025, et des rapports ultérieurs que la Société dépose auprès de la SEC. Une multitude de facteurs, y compris, mais sans s'y limiter, les changements dans la demande, la concurrence et la technologie, peuvent faire en sorte que les événements, les performances ou les résultats réels diffèrent de manière significative de tout développement anticipé. Les déclarations prospectives contenues dans le présent communiqué de presse concernant des tendances ou des activités passées ne constituent pas des garanties de performances futures et ne doivent pas être considérées comme une déclaration selon laquelle ces tendances ou activités se poursuivront à l'avenir. En outre, même si les résultats ou développements réels sont conformes aux déclarations prospectives contenues dans le présent communiqué de presse, ces résultats ou développements peuvent ne pas être représentatifs des résultats ou développements des périodes futures. Aucune déclaration ou garantie n'est donnée quant à l'exactitude ou à la justesse de ces déclarations prospectives. En conséquence, la Société décline expressément toute obligation ou tout engagement de publier des mises à jour ou des révisions des déclarations prospectives contenues dans le présent communiqué de presse à la suite d'un changement des attentes ou d'un changement des événements, conditions, hypothèses ou circonstances sur lesquels ces déclarations prospectives sont basées, sauf si la loi ou la réglementation l'exige expressément. Ni la Société, ni ses conseillers ou représentants, ni aucune de ses filiales, ni les dirigeants ou employés de ces personnes ne garantissent que les hypothèses sous–jacentes à ces déclarations prospectives sont exemptes d'erreurs et n'acceptent aucune responsabilité quant à l'exactitude future des déclarations prospectives contenues dans ce communiqué de presse ou quant à la survenance effective des développements prévus. Vous ne devriez pas accorder une confiance excessive aux déclarations prospectives, qui ne sont valables qu'à la date du présent communiqué de presse.

Contacts :

Nyxoah
John Landry, CFO
[email protected]

Pièce jointe


GLOBENEWSWIRE (Distribution ID 1001099538)

gategroup Successfully Prices Refinancing Transaction, Paving the Way for Growth and Market Expansion

gategroup Holding AG (“gategroup”) is pleased to announce the successful pricing of its comprehensive refinancing package, comprising two term loans of EUR 675 million and USD 500 million, both with a tenure of 7 years, and a CHF 300 million multicurrency revolving credit facility (the “new financing”) with a tenure of 6.5 years. The transaction was significantly oversubscribed and priced at the tighter end of guidance – strongly underscoring market confidence in gategroup’s strategy and performance.

This transaction represents gategroup’s debut as a Term Loan B (TLB) issuer, and the company is pleased to have attracted strong demand from leading global institutional investors. The level of interest received highlights the trust placed in gategroup’s credit profile, operational resilience, and future growth potential.

The New Financing is backed by a syndicate of top–tier global financial institutions and supports the refinancing of existing loans, notably the EUR 250 million Term Loan A and the CHF 415 million revolving credit facility, while also improving liquidity and flexibility.

“This successful refinancing marks a pivotal milestone for us,” said Christoph Schmitz, Chief Executive Officer of gategroup. “The broad–based support from a large group of premier banking partners and top global funds is a powerful endorsement of our business and strategy. This transaction diversifies gategroup´s funding base and allows us to invest in long–term initiatives, expand our global footprint, and further elevate our market–leading services in airline catering and hospitality.”

With the anticipated upgrade in its corporate credit rating to B2 (stable) / B+ (stable) by Moody’s and S&P Global respectively, gategroup gains improved access to capital markets. The refinancing significantly enhances the company’s capital structure and positions it for sustainable growth and value creation.

Urs Schwendinger, Chief Financial Officer of gategroup, added: “We are extremely pleased with the outcome of this transaction, which despite volatile market conditions has achieved several notable milestones among deals launched post–the US tariff announcements, including the largest cross–border loan issuance, largest debut issuance, and in its segment and rating universe, the largest new money loan deal and the largest Swiss issuance.”

For media and investor inquiries, please contact:

[email protected]

[email protected]

About gategroup

gategroup is the global leader in airline catering, retail–on–board, and hospitality products and services. Headquartered in Zurich, Switzerland, gategroup operates over 200 units in more than 60 countries, delivering culinary and retail excellence to passengers across all continents. Learn more at www.gategroup.com.

gategroup schließt Refinanzierung erfolgreich ab und ebnet den Weg für weiteres Wachstum und Marktexpansion 

Die gategroup Holding AG („gategroup“) freut sich, den erfolgreichen Abschluss und die Preisfestsetzung ihres umfassenden Refinanzierungspakets bekannt zu geben. Die neue Finanzierung umfasst zwei Term Loan B Instrumente in Höhe von EUR 675 Mio. und USD 500 Mio., beide mit einer Laufzeit von 7 Jahren, und eine revolvierende Kreditfazilität in Höhe von CHF 300 Mio. mit einer Laufzeit von 6,5 Jahren (die „Neue Finanzierung“). Die Transaktion war deutlich überzeichnet und wurde zu attraktiven Konditionen abgeschlossen, was das Vertrauen der Märkte in gategroups Strategie und finanzielle Stärke unterstreicht.

Mit dieser Emission tritt gategroup erstmals als Term Loan B Emittentin auf, und das Unternehmen freut sich über die starke Nachfrage von führenden globalen institutionellen Investoren. Das große Interesse unterstreicht das Vertrauen in gategroups Marktposition, die operative Leistungsfähigkeit und das zukünftige Wachstumspotenzial.

Die Neue Finanzierung wird von einem Konsortium erstklassiger internationaler Finanzinstitute unterstützt und dient der Refinanzierung bestehender Kredite, insbesondere des EUR 250 Mio. Term Loan A und der existierenden revolvierenden Kreditfazilität in Höhe von CHF 415 Mio. Sie verbessert gleichzeitig die Liquidität und Flexibilität der Gruppe. 

„Diese erfolgreiche Refinanzierung ist ein entscheidender Meilenstein für uns“, sagt Christoph Schmitz, Chief Executive Officer von gategroup. „Die breite Unterstützung durch eine große Gruppe führender Bankenpartner und globaler Top–Fonds sind ein starkes Signal für unser Geschäft, unsere Kunden und unsere Strategie. Die Transaktion schafft neue Optionen und ermöglicht es uns in langfristige Projekte zu investieren, unsere globale Präsenz auszubauen und unsere marktführenden Dienstleistungen im Bereich Airline–Catering und Hospitality weiter zu verbessern.“ 

Mit der erwarteten Verbesserung des Unternehmensratings auf B2 (stabil) / B+ (stabil) durch Moody's bzw. S&P Global erhält gategroup einen verbesserten Zugang zu den internationalen Kapitalmärkten. Die Refinanzierung verbessert die Kapitalstruktur des Unternehmens erheblich und positioniert es für nachhaltiges Wachstum und Wertschöpfung.

Urs Schwendinger, Chief Financial Officer von gategroup, fügt hinzu: „Wir sind äußerst zufrieden mit dem Ergebnis dieser Transaktion, die trotz volatiler Marktbedingungen mehrere nennenswerte Merkmale unter den nach der Ankündigung der US–Zölle lancierten Finanztransaktionen aufweist, darunter die größte grenzüberschreitende Term Loan B Emission, die größte Emission einer „First Time“ Emittentin und in ihrem Segment und Rating–Universum die größte Neugelddarlehens–Transaktion“

Für Medien– und Investorenanfragen wenden Sie sich bitte an:

[email protected] 
[email protected]

Über gategroup 
gategroup ist der weltweit führende Anbieter von Airline–Catering, Retail–on–Board und Hospitality–Produkten und Dienstleistungen. Mit Hauptsitz in Zürich, Schweiz, betreibt gategroup über 200 Betriebe in mehr als 60 Ländern, die Passagieren auf allen Kontinenten kulinarische und einzelhandelsbezogene Spitzenleistungen bieten. Erfahren Sie mehr unter www.gategroup.com.


GLOBENEWSWIRE (Distribution ID 1001099569)

CERE DEADLINE: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Cerevel Therapeutics Holdings, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 3 Deadline in Securities Class Action – CERE

NEW YORK, May 28, 2025 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds persons or entities that (1) sold or otherwise disposed of the publicly–traded common stock of Cerevel Therapeutics Holdings, Inc. (NASDAQ: CERE) during the period from October 11, 2023 through August 1, 2024, inclusive (the “Class Period”); (2) held shares of Cerevel as of the January 8, 2024 record date and were entitled to vote on the merger of Cerevel and AbbVie Inc.; and/or (3) sold shares of Cerevel stock contemporaneously with Bain Capital’s purchase of shares on or about October 16, 2023, of the important June 3, 2025 lead plaintiff deadline.

SO WHAT: If you sold and/or held Cerevel common stock you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Cerevel class action, go to https://rosenlegal.com/submit–form/?case_id=37997 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 3, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements in connection with Cerevel’s October 16, 2023 secondary stock offering and in its January 18, 2024 proxy statement. As alleged in the complaint, the secondary stock offering was orchestrated by Cerevel’s controlling shareholders, Bain Capital, LP and Pfizer Inc., to allow Bain to increase its position in Cerevel at a deeply discounted price in advance of AbbVie Inc.’s undisclosed forthcoming acquisition of Cerevel. Just 51 days after the offering, Cerevel publicly announced that AbbVie agreed to acquire Cerevel for $45 per share – i.e., nearly double the offering price – and Bain’s discounted purchases from the offering resulted in it receiving a windfall of more than $120 million.

To join the Cerevel class action, go to https://rosenlegal.com/submit–form/?case_id=37997 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
[email protected]
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 9459496)