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Guinea Insurance Reports Written Premium of N1.35bn in 2021

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L-R: Ademola Abidogun, MD/CEO; Godson Ugochukwu, Chairman Board of Directors and Chinenye Nwankwo, Company Secretary at the 64th AGM of Guinea Insurance Plc in Lagos recently.

Guinea Insurance PLC held its 64th Annual General Meeting (AGM) recently in Lagos. The hybrid meeting had a group of in-person participants connecting with remote participants to afford all stakeholders the same participatory rights as with a physical meeting.

Chairman of the Board of Directors, Mr. Ugochukwu Godson, presided over the meeting to conduct both ordinary and special business, obtain necessary shareholder approvals, and, as part of the ordinary business, present the audited financial statements for the year ending December 31, 2021, along with the reports of the directors and auditors, to shareholders.

He addressed the shareholders and reaffirmed the board’s and management’s commitment to strategically and effectively position the company as an investor’s delight while also propelling it to a profitable height for the financial well-being of its shareholders.

Speaking on behalf of the shareholders, Boniface Okezie, Chairman of the Progressive Shareholders Association of Nigeria, noted that insurance relies on trust and the timely payment of claims. He praised the company for its efforts in this area as well as for maintaining its customary attitude of accountability, responsiveness, and commitment to the welfare of policyholders at all times.

He recommended deliberate and purposeful actions toward taking the company to glorious times but expressed concerns over the numerous mitigating factors impeding the projected upward mobility of the company to profitability.

Godson expressed his opinion in this regard, stating that the company was already on the comeback trail to profitability as funds had been injected to strengthen its financial base and increase its capacity for transacting large-scale business deals.

In addition, Guinea Insurance’s Managing Director, and Chief Executive Officer, Ademola Abidogun, in his remark, urged the company’s shareholders to see the positive aspects of the upcoming changes. “With the injection of additional capital,” he asserted, “our company is now well positioned to attract and transact larger portions of new businesses.”

It is undeniable that consumers today are shifting and favoring simplicity more than ever before; as a result, our investment roadmap in technology and digital transformation is motivated by the need to give customers the freedom to purchase reliable insurance products without any geographical restrictions.

He continued by saying that the company had made an effort to keep management costs to a minimum, obtain regulatory approval for the underwriting of agricultural insurance, and reduced operating expenses.

While presenting the operating results for the year under review, the Chairman moved that despite the many difficulties and operational challenges encountered throughout the year, the company was able to weather the storm and continue on the path of growth.

Gross Premium Written was N1.35billion, representing a 24.8% increase over the N1.08billion recorded in 2020. Gross Premium Income rose from N1.05billion to N1.34billion in 2021 representing a 27.4% increase. The Net Claims Expenses in 2021 was N0.48billion which is a 69.1% improvement over the sum of N1.55billion recorded in 2020. This was due to efficient claims management.

The company did record a Loss Before Tax of N60million. This is as against N225million recorded in year 2020 representing over 73.3% decrease. Loss After Tax also stood at N23million, representing a significant drop of 89.9% decrease when compared with the sum of N228million recorded in 2020.

In conclusion, the company’s shareholders overwhelmingly agreed to the company’s prayers and approved the re-election of the following directors: Godson Ugochukwu, Alhaji Hassan Dantata, and Simon Bolaji.

In a similar spirit, the shareholders agreed to increase Guinea Insurance’s issued and allocated share capital to 7,942,800,000 ordinary shares of 50 Kobo each, effective as of August 16, 2022.

Sterling Premieres Anthology of Nigerian Literature with Farafina 

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L-R: CHIEF MARKETING OFFICER, STERLING BANK PLC, DAPO MARTINS; A NIGERIAN WRITER OF SHORT STORIES AND AUTHOR, AFRICANWRITER.COM, EGHOSA IMASUEN; ASSOCIATE DIRECTOR OF ALUMNI RELATIONS, CONCORDIA UNIVERSITY, TEMILADE AINA; MODERATOR, FANIYI KAYODE; A NIGERIAN WRITER OF SHORT STORIES AND NOVELS, ADRIAN IGONIBO BARRETT; AND PAST, PRESENT & FUTURE BY NAJA, GIFT OSIOMWAN, DURING THE PRESENTATION A POSSIBLE FUTURE IN LAGOS.

Sterling Bank Plc has collaborated with Farafina Books, Nigeria’s leading independent literary publishers, to launch a premier anthology of the best of Nigerian writings spanning 200 years, from 1789 to 2018.

The anthology, titled: “A Possible Future,” was curated to preserve the gems of Nigeria’s literary history, promote a reading culture in the country as well as to support featured authors in the distribution of their timeless books.

The 411-page book features some of the best works of 46 literary authors in the country.

Featured authors include Olaudah Equiano, D.O. Fagunwa, Gabriel Okara, Cyprian Ekwensi, Obotunde Ijimere, Chinua Achebe, Duro Ladipo, Chukwuemeka Ike, Christopher Okigbo, Elechi Amadi, Wole Soyinka, Ola Rotimi, J.P. Clark-Bekederemo, Ken Saro-Wiwa, Isidore Okpewho, Mobolaji Adenubi, Buchi Emecheta, Femi Osofisan, Niyi Osundare, Tanure Ojaide, Odia Ofeimun and Ben Okri.

Others are Uzor Maxim Uzoatu, Dulue Mbachu, Ikeogu Oke, Biyi Bandele, Sarah Ladipo Manyika, Aisha Osori, Omolola Ijeoma Ogunyemi, Yemisi Aribisala, Lola Shoneyin, Teju Cole, Yejide Kilanko, Eghosa Imasuen, Chimamanda Ngozi Adichie, Niran Okewole, A. Igoni Barret, Abubakar Adam Ibrahim, Taiye Selasi, Jowhor Ile, Tope Folarin, Lesley Nneka Arimah, Helen Oyeyemi, Uche Okonkwo, Gbenga Adesina and Wale Lawal.

Addressing lovers of literature, authors, influencers, and other stakeholders at the event, Mr. Abubakar Suleiman, Chief Executive of Sterling Bank said the institution decided to collaborate with Farafina on the project because ensuring continued literacy, being a key component of education, is in line with the education component of the bank’s HEART strategy.  The other sectors are health, agriculture, renewable energy, and transportation.

He said besides this, the Bank has for some time now been supporting the literary arts through the Ake Arts and Books Festival, an initiative of the Book Buzz Foundation, which is driven by Lola Shoneyin, an award-winning writer and poet among others.

Also, in the foreword to the book, Mr. Suleiman noted that, “In the long stretch of time between 1947 when Professor Molly Mahood declared that Nigeria, at the time, had no literature and today, the country’s literary tradition has established itself as a force in the world.

“This is not to agree with Mahood that Nigerian literature is only as old as British involvement in the country’s affairs. In fact, by the time British colonialism invaded the geographical space that would later become Nigeria, there was already a deep-rooted literary tradition in the north of the region going as far back as the 15th century. So, we had literature long before we practiced the art in the colonial tongue.”

He said, “Modern Nigerian literature may have been ‘founded’ by the English based on an assumption – a falsehood, in fact – but the lie does not have to hold any longer. When we decided to believe in ‘A Possible Future,’ we did so with the understanding that Nigerian literature was already of age. While its story is still unfolding and the yardage of its potential still vast, nay infinite, the baby Emecheta, Nwapa and Tutuola once nurtured in verse, prose and on stage, no longer crawls.

A possible Future is a primer for anyone – and I cannot imagine who, in this age – just getting introduced to Nigerian literature.”

According to him, “Kachifo Limited and Farafina Trust have created a definitive, yet not conclusive text that summarises our literary journey and gestures to its destination. The details of which we do not know yet except that, in that future, everything is excellent, anything is possible and we are here for it.”

The Sterling Bank CEO also read excerpts from Arrow of God by Chinua Achebe, which featured on pages 41 to 42 of the anthology. Temilade Aina, a lietrature curator, took the second reading from the works of Biyi Bandele’s Burma Boy.

The event also featured a panel session made up of Professor Niyi Osundare, Eghosa Imasuen, A. Igoni Barrett, Wale Lawal and Temilade Aina. The session was moderated by Faniyi Kayode, a writer, book critic and editor.

The panel commended the anthology and described it as a premier national work and expressed the hope that subsequent ones will accommodate the works of other writers which are not covered now.

Union Bank: First Set of Winners Emerge in Save & Win Palli Promo 2 

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Union Bank of Nigeria has rewarded the first set of winners in the second edition of its Save & Win Palli promo.

The first live draw of this season, which took place at Union Bank’s Head office in Lagos, saw 50 customers win cash prizes of ₦105,000 each. The winners were selected randomly through a transparent, and electronically generated draw supervised by relevant regulatory bodies.
Save & Win Palli Promo is a nationwide campaign aimed at rewarding customers with cash prices and other exciting gifts worth over N55,000,000. The goal is to encourage and promote a healthy savings culture. The promo is open to new and existing customers who save a minimum amount of N10,000 monthly.

Savers who qualify to participate in the monthly draws stand a chance to win N105,000 each, while 5 winners will go home with N500,000 each in two of the quarterly draws. One lucky customer will snag the star price of N5,000,000 during the grand finale set to hold in December alongside other consolation prices.

Speaking concerning the draw, the Head of Retail Deposits at Union Bank, John Obichie, said: “Union Bank is pleased to reward our customers through initiatives like this that encourage them to save. This promo was introduced to support our customers during these trying times and to reward them for being consistent with their saving habits.

The savings promo which kicked off in July will run until the end of the year and will see more winners emerge during the monthly, quarterly and end-of-year draws so there’s still a chance to participate and win!

If you are an existing Union Bank customer you can continue to top up your savings in multiples of N10,000 monthly to increase your chances of winning.

Prospective customers can download the UnionMobile app on their mobile phones to open an account or they can simply walk into any Union Bank branch. To reactivate existing accounts, returning customers can call the 24-hour Contact Centre on 07007007000 or also visit any of Union Bank’s branches across the country.

The Bank currently offers a variety of banking services to both individual and corporate clients including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance.

The Bank also offers its customers convenient electronic banking channels and products including Online Banking, Mobile Banking, Debit Cards, ATMs and POS Systems.

 

 

 

 

Anchor Insurance Pays Courtesy Visit to Muhammadu Sanusi

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L-R: Mr. Ebose Augustine, MD/CEO, Anchor Insurance Company Limited (sponsor of the just concluded Emir Sanusi live stage play held both in Lagos and Abuja), His Highness Khalifa Muhammadu Sanusi II, Mr. Rufai Oseni, Arise TV and Mr. Joseph Edgar, MD, Duke of Shomolu Productions (producer of the play) during a courtesy visit to His Highness in Lagos.

Unity Bank Rolls Out Yanga Market Penetration Campaign, Targets Millions of Underbanked Women

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Retail lender, Unity Bank Plc has deployed a new marketing campaign targeted at reaching millions of women entrepreneurs, especially the underbanked across Nigeria with its new retail product, the Yanga account.

Starting this August, the lender shall deploy strategic marketing campaigns leveraging several channels including the traditional and digital media to drive value proposition and increased adoption of the Yanga product.

The Yanga account, which was launched by the lender in November 2021 in line with Unity bank’s strategic vision of being “Nigeria’s retail bank of choice” debuted in four geographical locations: Mararaba/Nassarawa state, Ibadan/Oyo state, Uyo/Akwa Ibom State and Gombe/Gombe State.

Commenting on the new Yanga Market Penetration Campaign, the Divisional Head, Retail and SME, Mr Olufunwa Akinmade stated that “having launched the Yanga Account, unveiled Veteran Actress, Sola Sobowale as “Mama Yanga’’, the new campaign is intended to further provide the engagement platform to empower core target of the product existing in our communities and found amongst millions of underbanked women”.

The product targets women entrepreneurs in the Micro, small and medium enterprises, MSME space, especially the underbanked, offering savings and investment, capacity building, agency banking, dedicated agents, medical insurance and microloans to the women, thereby deepening financial inclusion.

The marketing drive includes a well-targeted television commercial featuring the Bank’s brand ambassador, the award-winning Nollywood actress, Sola Sobowale who was crowned “Mama Yanga” at the launch of the product in November last year because of her strong appeal to the target market. Across the multiple channels deployed for the campaign, “Mama Yanga” will be sharing the stories of how Yanga is empowering women and changing lives across Nigeria.

Yanga is available to all women entrepreneurs nationwide, even as the Bank continues to drive strategic activations of the product across various locations in the country. So far, the activation train has been to Lagos, Nasarawa, Gombe, Akwa Ibom, Port Harcourt and Ibadan.

Seeking to promote financial inclusion and cater to the unbanked women entrepreneurs, the new retail product is designed to deepen its beneficial impact on Micro Small and Medium Enterprises, MSMEs operated by women in the mass-market retail space.

The product comes on the heels of Nigeria’s growing imperative to boost access to financial services by women as a recent EFInA report, suggests:

“There are 51 million Nigerian women above 18 years of age, with over 41% of them unbanked.”

Stanbic IBTC: 7 Months of Rewarding Customers in Reward4Saving Promo

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In a bid to keep inspiring Nigerians to develop a healthy savings culture, Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, held its seventh Reward4Saving promo draw at its head office on Monday, 08 July 2022.

The July draw is the fourth of the second season of the promo and the seventh since inception.

The promo, which has rewarded 287 customers in the second season is expected to reward customers with cash prizes ranging from ₦100,000 monthly, ₦1 million quarterly prize, and ₦2 million grand prize, from seven zones.

Adenike Nubi, Head, Mobile Financial Services, Stanbic IBTC Bank, stated that the July draws were carried out to encourage Nigerians to save while creating funds for their summer expenditures.

“Saving is a necessity, especially in our economic clime. Having funds can bring about peace of mind, as there is comfort in knowing that there is a pool of funds somewhere to fall back on when there is an urgent financial need. The Reward4Saving promo adds value to Nigerians, as it allows them to earn funds in their savings accounts while promoting a savings culture. Part of our strategic priority at Stanbic IBTC is to transform our customer experience, by aiming to do valuable things for our customers,” Adenike noted.

Olufunke Isichei, Head, Established Markets, Stanbic IBTC Bank said the promo is aimed at engraining a savings culture in the minds and hearts of Nigerians.

He said: “For this month’s draws, we have rewarded 70 winners across different states with N100,000 cash prize each, as a way of appreciating individuals who have saved their funds in their accounts and e-wallets. The act of saving requires dedication, consistency, and discipline. As a financial institution committed to improving the lives of its customers, we will continue to reward the diligence and dedication of savers in Nigeria.”

“I congratulate our customers for emerging as winners in our July summer monthly draw. We understand that every fund received in their accounts will put a smile on the faces of our customers and we urge them to put their winnings to good use. To the public, we urge you to keep saving, to earn larger rewards.”

Linkage Assurance: N1.4bn Profit, N1.4bn Claims Paid in H1, 2022

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Daniel Braie

Managing Director/CEO

Linkage Assurance Plc

Linkage Assurance Plc has beaten all odds to return strong profitability in half year 2022 despite the challenging business environment.

The company in a statement to the Nigerian Stock Exchange and shareholders on the unaudited result for the second quarter ended 30th June 2022 recorded a profit before tax (PBT) of N1.465 billion from a loss position of N2.111 billion the same period last year.

This is as profit after tax (PAT) also moved in similar direction closing at N1.392 billion at the end of June 2022, as against N2.090 billion loss same period in 2021.

In a statement signed by Chief Joshua B Fumudoh, chairman of the board, Daniel Braie, Managing Director/CEO and Emmanuel Otitolaiye, Chief Financial Officer, Linkage Assurance Plc recorded a gross premium written of N8.303 billion in the review period from N6.952 billion in the previous year.

During the review period, the company also recorded a net underwriting income of N3.515 billion from N2.703 billion in 2021, while the underwriting profit stood strong at N231.28 million from a loss position of N1.027 billion.

Growth in underwriting profit according to the company was attributed to quality risks management and prudence in risks selection, even as it continues to meet its claims obligation promptly to her esteemed customers.

The underwriter during the period paid out N1.422 billion on claims to her numerous customers that suffered one form of loss or the other during the half year period, from N3.989 billion the previous period.

Daniel Braie, Managing Director/CEO of the company told shareholders during its last Annual General Meeting in Lagos that the company was going in a positive direction as shown in its quarter by quarter performance in the current year.

He assured that management was doing all it can to turn the clock, by ensuring that its underwriting and risks management strategies were adequately deployed to ensure a healthy and stronger bottomline at year end.

Meanwhile, Linkage Assurance Plc’s total assets continues on its robust mood, standing at N44.508 billion at the end of half year, from N38.71 billion in 2021, indicating a growth of 14.98 percent.

Management of Linkage says it will continue to refine its strategy in line with the political, economic, sociological and technological changes in the industry particularly the impact of Coronavirus (COVID-19) pandemic on the business landscape.

“We will also continue to develop innovative products, alternative channels of distributions and strategic initiatives that will enable us achieve our corporate goals and objectives. With a medium-to-long term perspective, we believe that we will benefit from growth as a result of these initiatives, Braie said.

 

 

Insurance Journalist Escapes Death from Auto Accident

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The Insurance Editor of NewsPage Media, Sola Alabadan, escaped death by whiskers last the weekend while travelling from Lagos to Ekiti State, as a Toyota Sienna vehicle with Registration number GGE970GB, suddenly hit his car from the back and pushed him under the trailer in front of him.

The whole windscreen of his vehicle was shattered, while the bonnet and the bumper were damaged completely.

Immediately the accident happened, he said he thought the end has come as he could not see anything for some seconds.

Although he was not injured physically, he said the tiny broken glass splashed on his body, and he expressed fears that some of the broken glasses had not been deposited in his body.

In view of the fact that the driver of the car accepted it was his fault, he said he asked him if the vehicle has the minimum third-party insurance cover required by the law and the driver said yes.

To confirm if the insurance certificate was genuine, Sola said he had to visit the website of the Nigerian

Insurance Industry Database (NIID) and it shows the vehicle was insured by a licensed insurance company.

The insurance certificate was issued on December 17, 2021 and it will expire on December 16, 2022.

Interswitch to Headline One Africa Music Fest, Sponsor 20 Customers

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Africa’s leading integrated payments and digital commerce company, Interswitch is set to, yet again headline the Interswitch One Africa Music scheduled to hold in New York, and Dubai, this year.

This is the company’s third consecutive headline-sponsorship of the music festival that celebrates and showcases Africa’s music and creative talents to the world.

As a company that gives back, Interswitch has announced that it will be rewarding 20 lucky customers with an all-expenses-paid trip to the Dubai concert to experience the electrifying performances by some of Africa’s biggest artistes, alongside other global stars. The lucky winners from the ‘Never Stop Vibing’ campaign will be selected from a monthly raffle draw that will hold at the end of August, September and October 2022.

To qualify for the draw and win a ticket to Africa’s biggest music fest, interested participants are advised to download the Quickteller app and conduct a minimum of three (3) transactions every month, from August 1, 2022, to October 31, 2022.

Interswitch has consistently headlined the show for three consecutive years, enabling the African music industry and elevating African artistry to reach a global audience, rooted in its belief in taking African talent beyond the continent for wider recognition and consumption.

Interswitch’s sponsorship of the music fest is an expression of its desire to strive for value realization, engaging customers’ passion points, providing rewarding brand experiences and connecting music lovers with their favourite artistes.

Speaking on the sponsorship, Olawale Akanbi, Group Head, Growth Marketing – Merchant & Ecosystem, Interswitch Group, said that Interswitch’s consistent support of the music fest mirrors the company’s desire to throw its weight behind the growth of African talents across industries, from tech to music.

He added, “We make conscious efforts to tap into opportunities that showcase African talents to a global audience, sustaining the international momentum which has been gained by Afrobeats music, while fostering collaboration that leads to growth.”

Also remarking on the campaign, Priscilla Iyari, Brand Manager, Quickteller, Interswitch Group noted that Interswitch’s renewal of its sponsorship is a commitment to reaching consumers at their various touchpoints, especially their passion points & lifestyle, beyond just payments.

Iyari said, “We are excited to headline the Interswitch One Africa Music Fest again this year. It serves as another customer-engaging avenue to reward our loyal customers with an experience of a lifetime’’. She further stated that the brand continues to demonstrate its support for the African music industry by curating and sponsoring initiatives such as Quickteller Barz and Notes, DJ Kaywise’s Joor party, as well as other concerts.

The Interswitch One Africa Music Fest brings together artistes from across Africa who will share the stage with other renowned performers from other parts of the globe to thrill fans and music lovers with hit collections.

Artistes such as Wizkid, Davido, Tiwa Savage, Burna Boy, Omawumi, and Flavour, among others have graced the events held in three different cities: New York, London, and Dubai, in the past. The line-up this year promises to be just as star-studded.

Verve Rewards Cardholders with Brand New Car, Prizes Worth N50m

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L-R – Chuma Ezirim, FirstBank’s Group Executive, E-Business and Retail Products; Olakunle Animasaun, grand prize winner; Vincent Ogbunude, Managing Director Verve; and Folasade Femi-Lawal, Head of Card & Messaging Business First Bank, during the presentation of a brand-new Suzuki S-Presso car to Olakunle Animasaun at the recently concluded First Bank & Verve Transact and Win Promo.

Africa’s leading payment cards and digital tokens brand, Verve, in partnership with First Bank has rewarded the grand prize winner of the Transact and Win Promo, Mr. Olakunle Animasaun, the Chairman of Kanwal International Limited, with a brand-new Suzuki S-Presso car during the prize presentation ceremony at First bank’s head office in Lagos.

The Verve Transact and Win Promo organized in collaboration with First Bank was designed to reward loyal Verve cardholders with cash and exciting prizes during the 14-week period of the promo.

Over 2,500 cardholders were rewarded with more than N50 million worth of prizes, such as; a brand-new car, Generators, Refrigerators, Television sets, Gas cookers, loads of airtime rewards and an array of cash prizes.

Aside the grand prize winner driving away the brand-new car, 100 monthly winners emerged, winning N50,000 cash each and another 100 winning either Gas cookers, Refrigerators or Generator sets. Over 2,400 lucky cardholders were also rewarded weekly with either TV sets, N20,000 cash, N10,000 cash or N10,000 airtime each. It was indeed a season of rewards and merriment for the First Bank Verve cardholders.

Speaking at the prize presentation ceremony, Vincent Ogbunude, Managing Director of Verve International, said the firm partnered with First Bank to reward loyal customers because they both shared a similar vision of delivering world-class payment solutions to their esteemed customers.

He further said beyond the overarching goals of providing secure and innovative solut​​ions to its customers, Verve is committed to creating unique customer experiences and rewarding customers for their continued patronage. “We congratulate all the lucky cardholders, and we will be taking the excitement a notch higher with the presentation of the gift items and a brand-new car to lucky winners.”

Mr. Chuma Ezirim, FirstBank’s Group Executive, E-Business and Retail Products, said that the aim of the promo was to appreciate the bank’s over eight million Verve Debit Cardholders. He stated that the bank will continue to partner with Verve to reward the patronage of customers.

Mr. Olakunle Animasaun, said he never expected to win the grand prize and he was overwhelmed with the excitement of winning the car.

He said, “Initially I doubted the credibility when someone called me from ​F​irst ​B​ank, informing me I had won a car. I did not believe it, until I got here, saw the car and the key was handed over to me. I thank FirstBank and Verve for this opportunity given to me. I pray that God will continue to bless them.”

He urged other cardholders to continue to use Verve cards to enjoy seamless payment solutions.

The presentation ceremony had representatives from the Regulatory bodies; National Lottery Regulatory Commission (NLRC), Federal Competition and Consumer Protection Commission (FCCPC) and the Lagos State Lotteries Board (LSLB) among others in attendance.

Emirates Invests $2bn to Enhance On-Board Customer Experience

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Emirates is investing over US$ 2 billion to enhance its inflight customer experience, including a massive programme to retrofit over 120 aircraft with the latest interiors, plus an array of other service improvements across all cabins starting in 2022. Emirates is still flying on its brand promise of ‘Fly Better.’

Sir Tim Clark, President Emirates Airline said: “While others respond to industry pressures with cost cuts, Emirates is flying against the grain and investing to deliver ever better experiences to our customers. Through the pandemic we’ve continued to launch new services and initiatives to ensure our customers travel with the assurance and ease, including digital initiatives to improve customer experiences on the ground. Now we’re rolling out a series of intensive programmes to take Emirates’ signature inflight experiences to the next level.”

Some of Emirates’ latest initiatives include: elevated meal choices, a brand-new vegan menu, a ‘cinema in the sky’ experience, cabin interior upgrades, sustainable choices and a generous approach to the little touches that make travel memorable.

Starting from August, Emirates’ passengers can look forward to an award-winning team of chefs, a world-class catering team and a wide variety of suppliers have been assembled to design and deliver the best fine dining experience in the sky.

Emirates’ new vegan menu is also carefully curated to cater to the growing numbers of customers pursuing this thoughtful lifestyle. Vegans, or anyone interested in a delicious and healthy plant-based meal, will enjoy handcrafted gourmet dishes such as pan-roasted king oyster mushrooms, flavoursome jackfruit biryani and sliced kohlrabi garnished with burnt orange.

The Champagne and Caviar Experience is also being elevated. Emirates’ First-Class experience, always a benchmark for service excellence, has been upped a notch in 2022. Customers can now savour unlimited portions of Persian caviar as part of the ‘dine on demand’ service, with an exquisite pairing of the world-renowned Dom Perignon vintage champagne. Emirates is the only airline with an exclusive agreement to offer the luxury brand on-board.

Cinema in the Sky will soar to new heights. First Class customers can create a memorable movie moment on-board by ordering cinema snacks as they enjoy the 5,000 channels on Emirates’ ice inflight entertainment system.

All passengers can also curate their own ice experience before their flight, simply by browsing and pre-selecting movies or TV shows on the Emirates app, which can then be synced to ice the moment they board, maximising the seamless travel experience.

Emirates’ customers departing on flights from Dubai can begin crunching on fresh greens harvested from Bustanica, the world’s largest vertical farm and newly-opened US$40 million joint venture investment through Emirates Flight Catering. Emirates is continuing to invest in sustainable operations and supply chains, seeking local food suppliers and farms wherever possible to serve the freshest produce on board.

Additionally, Emirates has partnered with Ecole hôtelière de Lausanne, one of the world’s top hospitality management schools, to craft the Emirates Hospitality strategy and encourage inspiring customer experiences. Emirates Cabin Crew have already begun engaging in intensive training programmes focused on delivering the four service pillars: Excellence, Attentiveness, Innovation and Passion.

The most significant investment is an extensive and record-breaking refurbishment of the aircraft fleet interiors, where cabins will be retrofitted with new or reupholstered seats, new panelling, flooring and other cabin features. Benefitting all Emirates passengers, every cabin class will be refreshed and new Premium Economy cabins installed.

After the retrofit, Emirates will have a total of 120 aircraft offering Premium Economy seats – the only airline in the region to offer this cabin class, and enhanced interiors and features across all other cabins. With its first aircraft scheduled to roll into the Emirates Engineering Centre for retrofitting in November, planning work and trials have begun in earnest.

NDIC Organises Capacity Workshop for Law Enforcement Agencies

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L-R DCP. Ayoola Ajala, Co-ordinator, Financial Malpractices Investigation Unit; Mohammed B. Abubakar, Director Public Prosecution of the Federation; Hassan Bello, FCA, MD/CE, NDIC; Michael Oladele, Director Bank Examination Department, NDIC; Henry E. Fomah, Head, Legal Department, NDIC; Ahmad Muhammad Ghali, representative of Executive Chairman, Economic and Financial Crimes Commission at the 2022, Capacity Building Workshop for Law enforcement agencies with the theme: Effective Investigation and Prosecution of Banking Malpractices that led to Failure of Banks organised by NDIC.

NCC Boss, Umar Danbatta, to Keynote Business Journal Public Presentation Sept 16

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Prof. Umar Danbatta

Executive Vice-Chairman/CEO

Nigerian Communications Commission (NCC)

Professor Umar Danbatta, Executive Vice-Chairman/CEO, Nigerian Communications Commission (NCC) will deliver the keynote address as Distinguished Guest Speaker at the public presentation of Business Journal newspaper on Friday, September 16, 2022 at Sheraton Hotel, Ikeja (Lagos).

The event would be Chaired by Mr. O. S. Thomas, the Commissioner for Insurance/CEO, National Insurance Commission (NAICOM) while renowned economist and financial expert, Dr. Biodun Adedipe will review the preview edition of Business Journal newspaper.

Danbatta will deliver a paper on: The Media in National Development: A Case Study of the Telecom Revolution in Nigeria.

Commenting on the development, Prince Cookey, Publisher/Editor-in-Chief of Business Journal said:

“The decision of Professor Umar Danbatta, Executive Vice-Chairman/CEO, Nigerian Communications Commission (NCC) to deliver the keynote address as Distinguished Guest Speaker at the Business Journal newspaper public presentation event represents a positive milestone in our journey to become the leading business/financial Media Group in Africa. The newspaper segment joins the already existing online and magazine segments on a tripod of value creation for stakeholders across key sectors of the Nigerian economy-for the benefit of decision-makers in the public sector and professionals in the Organised Private Sector (OPS).

The NCC remains a key stakeholder in media engagement in Nigeria through robust partnership and professional capacity development. And since assumption of office, Danbatta has continued to provide strategic leadership for the telecom industry as a regulator to the benefit of the government, network operators and subscribers. The trajectory of his impressive and impeccable career is anchored on humility, progress and professionalism. We are indeed grateful to him for this great honour.”

The theme of the Business Journal newspaper public presentation is: The Media in National Development: Successes, Challenges & Prospects.”

Microsoft Partners Nigeria Digital ID4D on Data Protection

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L-R: Dr. Chike Walter Duru, Internal Communications Manager, Nigeria ID4D; Nonye Ujam, Government Affairs Lead, Microsoft; Musa Odole Solomon, Project Co-ordinator, Nigeria ID4D and Mouktar Adamu, External Communications Manager, Nigeria ID4D, during the visit.

American multinational technology company, Microsoft Corporation says it is willing to partner the Nigeria Digital Identification for Development (ID4D) project in the areas of capacity development and data protection.

Microsoft’s Government Affairs Lead, Nonye Ujam disclosed this during a working visit to the Nigeria ID4D project office in Abuja.

According to a Press Release signed by the Manager, Communications of the Nigeria Digital ID4D, Dr. Walter Duru and made available to newsmen, Ujam lauded the ID4D project for its timely intervention in the areas of data protection and digital identity in Nigeria, expressing the readiness of Microsoft to collaborate with the project to succeed.

“We are here to ensure that we support you to make things work very well. We are happy with the achievements Nigeria ID4D has recorded in such a short period.”

“Microsoft Corporation has made a lot of investments and interventions in capacity development and cyber security. Beyond supporting governments in the area of capacity development, Microsoft meets their stakeholders where they are, hand-hold and close identified gaps. As people are working hard to upgrade and update themselves, that is how hard the bad players are working to update their skills. This is why we must take data protection and cyber security very seriously.”

Responding, Project Coordinator, Nigeria Digital Identification for Development, Musa Odole Solomon expressed the readiness of the project to partner with Microsoft.

“We are open to collaborating with as many relevant stakeholders as possible to ensure that the project succeeds. We want the capacity of ecosystem implementing partners enhanced.”

Speaking on data protection in Nigeria, Solomon stressed that “the project is working very hard to ensure that a principal law is in place. We are constrained by time, considering the fact that elections are close. We are battling to ensure that we balance the urgency with quality. It will not just be done quickly, but also done very well. Stakeholders’ engagement is an ongoing activity and Microsoft is our major stakeholder. We are ready and willing to work with you.”

“We are happy with your interest in capacity development. We operate an ecosystem model and our implementing partners need to benefit from the capacity building plans. It is one of our deliverables and we are willing to partner with Microsoft to close gaps in capacity.”

Solomon used the occasion to call on Microsoft Corporation to consider extending support to the National Identity Management Commission (NIMC) and other ecosystem implementing partners.

The Co-ordinator used the occasion to invite Microsoft to the second leg of Focus Group Discussion on Nigeria’s Data Protection law, scheduled to hold at Lagos on the 1st of September, 2022.

Part of the activities lined up for the Lagos engagement is a courtesy call on the leadership of Microsoft Corporation in Nigeria. Conversations will center around data protection, capacity development and other areas of collaboration.

On the project coordinator’s team that received Ujam were the Internal and external communications Managers of the project, Dr. Walter Duru and Mouktar Adamu.

The Nigeria Digital Identification for Development (ID4D) project is a Nigerian project, jointly funded by the World Bank, European Investment Bank and French Development Agency.

BudgIT Condemns Abia, Ondo, Taraba States for Owing Civil Servants

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Governor Okezie Ikpeazu of Abia State

BudgIT, a foremost civic-tech organisation leading the advocacy for transparency and accountability in Nigeria’s public finance, expresses disapproval over certain state governments’ refusal to pay the monthly salaries accruable to its civil service workers in their states as and when due.

BudgIT expressed this disapproval after its empirical survey across the 36 states in the federation revealed that at least 12 states owe their workers at least one month’s salary as of July 28, 2022. BudgIT conducted this empirical survey to spotlight and identify state governments that have consistently failed to meet the essential requirement of governance and employee compensation, thereby subjecting their workers to unpaid labour and harsh living conditions.

While the findings from the survey favoured states that are not in arrears, states like Abia, Adamawa, Ebonyi, Ondo and Taraba owe three (3) years or less in payments.

For example, Abia state currently owes its state tertiary institution workers Six (6) months’ salary, while Ebonyi has not paid its pensioners in the last six (6) months. Secretariat workers in Taraba complained of irregular salary payments for up to six (6) months, while lecturers at state tertiary institutions and midwives in the state-owned hospital in Ondo State have not been paid a dime in the last four (4) months.

According to Mr Joseph Anthony (Pseudonym), a secondary school health institution worker in Abia, the Abia state government has not paid salaries in the last ten (10) months. The payment made to him in 2021 was his basic salary, which did not include other allowances.

While speaking about the current realities of affected workers, Iniobong Usen, BudgIT’s Head of Research and Policy Advisory, noted that civil Servants’ remuneration, whether at the state or federal level – as and when due – is a necessary part of the employer/employee relationship. This affects the smooth working of the government.

This is not only because the survival and livelihood of civil servants depend on timely salary payment but also because the government’s refusal to pay smacks of the disregard for the legal obligation to pay.

“Nigerian civil servants are unfortunately no strangers to delays and gaps in monthly salary payments. Despite belonging to the executive implementing arm of the government, they have been left without payments in many instances. With several states guilty of this non-payment, civil servants are often at wit’s end at ‘month end’,” he added.

The delay in salary payments for civil servants in Nigeria has been prominent for at least half a century. To make the situation even worse, these delays are evident at the national and sub-national levels. This state of affairs has been affirmed to constitute a breach of the basic contractual provisions that exist between an employer and employee and failed to recognise national legislation on employee rights at the continental and international levels.

Despite relatively small coverage, there is clear evidence that several states are struggling to meet up with paying the new Minimum Wage, which moved to Thirty Thousand Naira (N30,000.00k), a situation which is worse off when compared to the periodic payment of the previous Eighteen Thousand Naira (N18,000.00k) minimum wage.

Without a doubt, many state governments are currently battling with the inability to meet up with salary obligations, alongside rising debt, interest rates and inflation. BudgIT posits that this state of affairs is a combination of ‘governance failure’ bordering on mismanagement and administrative inefficiency, an unnecessarily large wage bill which itself may be due to poor planning and hiring practices, and a problem of broader macroeconomic downturns which in some sense are beyond the control of the state governments, as they have little influence over monetary and fiscal policies.

Therefore, BudgIT calls on the various state governments to urgently address this glaring inability to pay state workers’ salaries as the attitude, enthusiasm, productivity and survival of state workers and their families are directly related to the timeliness of their remuneration.