MAGGI CUBES: FORTIFIED SEASONING
Nestlé sells millions of Maggi cubes and tablets in Africa every day
Millions of consumers across Central and West Africa will be able to increase their iron intake at low cost with a new range of fortified bouillon cubes and tablets from Nestlé.
The company is adding iron to its popular Maggi brand seasonings with the aim of helping to address one of the region’s most widespread micronutrient deficiencies.
The Maggi Magic Nestlé Redressing Micronutrient Deficiency in Africa with New Maggi Cube
Unilever Nigeria Plc: Keeping Shareholders Smiling with N5.29bn Dividend
Following 2011’s impressive business results, Unilever Nigeria Plc’s shareholders received a dividend of N1.40 per share at the Company’s 87th Annual General Meeting held in May 2012.
The dividend payout amounted to N5.29billion (about €24million).
According to the Chairman of Unilever Nigeria Plc, His Majesty Nnaemeka Achebe, the Obi of Onitsha, he was pleased with the Company’s results despite the very challenging operating environment in 2011.
“I am pleased to announce that your company has fared well despite daunting global and local economic circumstances, which were further compounded by the resurgence of violence and insecurity, especially in the northern parts of Nigeria,” he stated at the occasion.
‘Stability is Key to Sustainable Global Energy Future’
When looking at the global energy scene, it is important to consider where we are today, where we might be going, and how we might get there. For OPEC, this is laid out every year in its World Oil Outlook.
The most recent version of this was published at the end of 2011. In its Reference Case, energy demand increases by more than 50% between 2010 and 2035. And over the same timeframe, world population is expected to expand from 6.9 billion to almost 8.6 billion.
IEA Report: ‘Golden Rules’ Needed to Usher in Golden Age of Gas
Exploiting the world’s vast resources of unconventional natural gas holds the key to a golden age of gas, but for that to happen governments, industry and other stakeholders must work together to address legitimate public concerns about the associated environmental and social impacts.
A special World Energy Outlook report on unconventional gas, Golden Rules for a Golden Age of Gas, released in London by the International Energy Agency, presents a set of “Golden Rules” to meet those concerns.
Olubayo Abiodun Named Managing Editor, AFRICA TELECOM & IT
The Management of Telecom & IT Business, publishers of Africa Telecom & IT, has announced the appointment of Mr. Olubayo Abiodun; a seasoned journalist and administrator, as Managing Editor.
The company said the appointment of Abiodun is part of on-going efforts to strengthen and reposition the magazine for more robust participation in the ever growing and dynamic Africa’s media space.
Multichoice Fined R10, 000 Over Nude Scene
Multichoice has been fined R10, 000 over an inappropriate age restriction for a comedy show with a full-frontal nude scene, the Broadcasting Complaints Commission of SA (BCCSA) said.
A viewer complained that a close shot of male genitalia had been shown in an episode of a comedy gambling show classified as PG13.
China 2012: The Emerging Largest Smartphone Market on Earth
China is set to become the world’s largest smartphone market in 2012 while Brazil and India are forecast to enter the top five markets by 2016, according to research firm, IDC.
IDC’s Worldwide Quarterly Mobile Phone Tracker forecasts that China will move ahead of the US in terms of overall smartphone shipments this year and extend its lead in the years ahead.
Starcomms: Baiting Air Travellers with Phone Rental Service
In a bid to ease communication challenges of international travellers into the country, Starcomms Plc has unveiled a phone rental service at Murtala Mohammed International Airport in Lagos.
The service which covers both voice and data comes with customer-pocket friendly tariff. To benefit from this service, customers will have to pay a sum of N500 for a phone for voice only and N1, 000 for both voice and data.
It is service on-the-go and the registration process is simple and takes only few minutes to complete.
Mr. Logan Pather, the Chief Executive Officer of Starcomms said it is another service innovation to make travellers stay in touch with friends, family and their business partners around the world as seamlessly as possible.
Main One Upgrades Network Infrastructure for Superior Performance
Main One Cable Company has upgraded the lit capacity on its undersea fiber optic cable system with an additional 20 Gbps between Lagos, Nigeria and Seixal Portugal, and the deployment of an additional bank of multiple 10 Gbps wavelengths ready for implementation on demand.
Zinox Group and Imo State: A Partnership for Development
The Imo State Government has named its IT Centre,ImoCenterfor Advanced Professional (ICAP) after Zinox Computers in recognition of the company’s contribution to the development of information technology inNigeria. The announcement was made by Owelle Rochas Okorocha, Executive Governor ofImoStatewhile receiving the donation of four fully fitted security vans and equipment valued at over N50 million donated to the state government by the Zinox Group.
MTN: $1.3bn Network Modernisation for Efficient Subscriber Experience
MTN Nigeria has commenced comprehensive network modernisation and swap-out exercise that is expected to cover its extensive network across the country over a span of nine months. The exercise will entail upgrading and replacing key network components with newer versions for enhanced capacity and much improved quality of service.
MTN Nigeria Corporate Services Executive, Mr. Wale Goodluck, said the project, which had been
in the pipeline for several months commenced over a month ago after intensive planning.
“Our local team working closely with our technical partners and experts began work in April,” said Goodluck. “They have done much of the backend work preparatory to the actual swapping of network components in the days ahead.”
FMBN Clears Pension Arrears of N364m
Federal Mortgage Bank of Nigeria (FMBN) is set to pay up the pension arrears of its pensioners totaling N363,585,854.28. This amount was arrived at after a pensioners’ verification exercise conducted in April by the FMBN Management and series of consultations between the Bank and its pensioners as well as with National Pension Commission (PENCOM) officials and independent pension consultants.
FMBN Managing Director, Mr. Gimba Ya’u Kumo, who disclosed this, said the Bank had paid N145,434,341.71 in April, 2011 while the balance of N218,151,512.57 would be paid in two installments of N109,075,756.28 in May 2012 and N109,075,756.28 in August this year.
UnityKapital Assurance Acquires FUG Pensions, Injects N1bn Capital
UnityKapital Assurance Plc has opened another chapter in its quest for market leadership and stakeholder value with another addition to its fold of strategic investments by acquiring FUG Pensions Limited, a licensed Pension Fund Administrator.
With this investment, UnityKapital has extended its field of operations to Pensions Administration; a field that already includes ownership of a Health Management Organization as well as substantial interests in a major player in the hospitality business
The Leading Insurance Companies in Nigeria
Niger Insurance Plc
Our Mission Statement
To be a CUSTOMER ORIENTED provider of superior insurance services, using WELL MOTIVATED EMPLOYEES AND TECHNOLOGY, in a conducive working Environment, thereby creating long term VALUE FOR SHAREHOLDERS through sustained return on investment.
Brief History of the Company
Niger Insurance Plc was established in August, 1962 as a specialist life company under the name Yorkshire Insurance Company Ltd. Now a public quoted composite Insurance Company, it operates with an asset in excess of N22 billion and a capital base of over N5 billion with subsidiaries and associated companies.
NAICOM: Regulating & Ensuring Healthy Insurance Industry in Nigeria
The insurance industry, like other sectors within the financial system in Nigeria, has undergone dramatic changes in structure and operations, brought about by the dynamics of the operating environment. The positive changes came through the exemplary regulatory role of the National Insurance Commission (NAICOM) under the dynamic leadership of Mr. Fola Daniel, Commissioner for Insurance.
History
The National Insurance Commission was established in 1997 with the responsibility of regulating and supervising insurance business in Nigeria. It replaced the previous regulatory organ – the Nigerian Insurance Supervisory Board. Prior to 1992, the Federal Ministry of Finance licensed and supervised insurance companies.