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Author: Pride Team
By Alex C Consolidated Hallmark Insurance (CHI) plc has revealed that it is positioned for stronger profitability going forward, having cleared its debt slate with provisions on impairment outstanding premium in excess of N500m. This they said is to have a clean break from the era of debtor’s overhang thus paving the way for future profitability. Tony Aletor, vice chairman of the company, who disclosed this at the Company’s 19th Annual General Meeting said the company recorded moderate 8 percent growth in the gross premium written from N3.8billion in 2012 to N4.2billion at the end of 2013 financial year. Aletor…
By Alex C Africa’s division of French giant, Lafarge, has revealed that its 50 percent-owned subsidiary, Nigerian Cement Holdings (NCH), has entered into an agreement with Flour Mills of Nigeria to purchase a 30 percent stake in United Cement Company of Nigeria (UNICEM). NCH currently owns 70 percent of UNICEM. With the deal, set to be completed in two stages, it will have total ownership of the cement company. “Pursuant to the agreement, a first 15 percent tranche would be acquired in the first quarter of 2015, while the second 15 percent tranche is scheduled to be acquired by February…
By Alex C FBN Holdings Plc together with its wholly-owned subsidiary, FBN Capital Limited, has completed the acquisition of a 54 percent equity interest in Kakawa Discount House Limited. This development has made FBN Holdings the beneficial owner of 100 percent share capital of Kakawa Discount House Limited. This acquisition represents a strategic fit for the FBN Holdings portfolio. In a statement, FBN Holdings Plc said the acquisition will expand the universe of products and services offered by the group, and “enable us to not only deepen our reach to existing clients, but reach a new client base.” Kakawa brings…
The Kedike crooner, Chidinma Ekile has just bought herself a brand new Range Rover. The award winning singer who recently released a new track titled ‘MARTHA,’ stylishly flaunted her latest ride on instagram but was shy to comment on it. Fans as usually did not keep quiet over it as they continued to pray for the MTN project Fame Winner. Singer, Timi Dakolo who also rejoiced with Chidinma teased that she has to bring the car to him for test before she drives it. A close source to her confirmed on Tuesday, November 18,2014 that she took delivery of the…
Well loved actor, Odunlade Adekola has clearly debunked the widespread rumour that he was having a secret romance with delectable actress, Fathia Balogun. The father of three children had strong words for rumour mongers. “Sister Fathia and I, how, why, for what? I don’t know why some people or rather, some untrained journalists in Nigeria would wake up one day, and cook up false news about you all because they want to sell their paper or be the first to break the news. I consider whosoever wrote the fallacy as a mad man/woman. I have been busy all this…
Celebrated artistes and award winning singers, Peter and Paul Okoye popularly known as PSquare clock 33 today. The famous act would be having a quiet birthday party with few family and friends at an undisclosed place. This is coming a day after Peter celebrated his one year wedding anniversary with his better half, Lola Omotayo. Born in November 18,1981,the story of P-Square began in St. Murumba secondary school, a small Catholic school in Jos. Identical twins Peter and Paul joined their school music and drama club where they began singing, dancing, and mimicking songs by MC Hammer, Bobby Brown and…
Humble preacher and General Overseer of The Redeemed Christian Church Of God, Pastor Enoch Adejare has ordered for two private jets to complement the Gulfstream he is currently using. On Sunday, November 16, Daddy G.O as he is fondly called by his followers revealed to some of his pastors that the need to shop for two more jets became essential due to the expansion of the ministry’s missionary assignments, saying he has to minister in over 160 countries annually. According to one of his Pastors who confirmed the details to us on Monday,November 17,2014 his schedule is too busy and…
Dear Dorothy, I am 25 years old, and my husband is 62. My parents arranged this marriage because they reasoned if I married him, he will support our family. I accepted it as an opportunity to uplift my family. It is now five years since we got married and we have 2 beautiful children. It suited me then as I was into dating older men for what I could get from them. Now, I have all the comforts money can buy but I feel very lonely and alone. My husband is a very busy man who runs his own organisation…
White Zambian Vice-President, Mr. Guy Scott, who is currently Acting President of the country after the death of President Michael Sata, has been accused by senior officials of the ruling Patriotic Front of seizing power from the party’s anointed heir. The MP for Chilubi, Obias Chisala, says for that singular act, Acting President Scott has breached the Zambian Constitution and must be reported to Scotland, his fatherland. Chisala said that Scott had defied the wishes of President Sata by stepping over Edgar Lungu, the PF Secretary General, in the cabinet meeting where Attorney General Musa Mwenye advised that the “vice…