By Alex C Despite having to weather a combination of economic and socio-political challenges in 2013, MRS Oil Nigeria plc recorded a significantly improved performance in the year. Year-on-year performance comparison shows that profit before tax significantly increased by 250 percent in 2013, from N400 million in 2012, to N1.4 billion. Also profit after tax witnessed the same significant improvement from N200 million in 2012, to N600 million in 2013, reflecting increase of 200 percent. The company recorded a turnover of N87.8 billion in 2013, against N79.7 billion in 2012, which translates to a 10 percent increase. This improvement in…
Author: Pride Team
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As parts of the year-long activities marking the 10thanniversary of the Africa Movie Academy Awards, the parent organisation and owner of the AMAA brand, the Africa Film Academy will host an anniversary Charity Gala night on Sunday August 17th, 2014 at the Grand Ball Room of the Oriental Hotel, Victoria Island, Lagos. The gala night will have on stand the South Africa’s Joyous Celebration, Frank Edwards and Kgosto and their band members to serenade guests. Speaking on the Charity Ball, the Founder of Africa Film Academy who recently stepped down as the Chief Executive Officer of AMAA, Ms. Peace Anyiam-Osigwe…
By Alex C Underwriting firm, Guinea Insurance (GI) plc, has reiterated the company’s total commitment to consolidate and strategically grow its market share through decisive long-term investment and customer engagement initiatives. Boasting of the support of its people factor, the company stated it made of skilled professionals in the business of underwriting, an edge it believe places it in strong position for market competitiveness. Polycarp Didam, managing director of Guinea Insurance, said ‘’the company’s strength lies in her passion for high standards and determination to become a world-class enterprise, one with the scope and economies of scale necessary to serve…
By Alex C There are indications that the Central Bank of Nigeria (CBN) may have resumed the sale of foreign exchange (forex) to the recapitalised Bureaux de Change (BDCs) as about 2,022 of the total 3,500 were said to have been supplied with forex last week, with Lagos zone accounting for 964. a total of 2,087 BDCs may have scaled the hurdle of recapitalisation and mandatory cautionary deposit and have been issued new code of conduct to operate in the forex market. The implication is that about 514 BDCs may have lost their licence due to their inability to meet…
By Winsome Duncan ‘You are known by the company you keep’. In my line of work, negative people come in haystack bundles. They have always got something to say about what I can or cannot do. How I look, how I behave or the problem with my attitude. My advice to any discontented person is to focus on themselves and make their lives better, instead of trying to impress upon mine. In business there are so many people in jobs they do not like. They wake up every morning dreading to start the day and wishing for the weekend…
The Faithy Show gives us a glimpse into the lives of young, vibrant Africans to discover who, what and where is hip and happening. The show rolls on the continent and beyond, meeting Africa’s most notable individuals, artists, fashionistas and celebrities who have made history on the continent. The show is inspiring, thought provoking and never lacks fun and a pinch of humour. A new Season 6 of ‘The Faithy Show’ has already kicked off with an all star line up of interesting celebrity interviews from the likes of Actress and Producer Dakore Akande, Media Personality Fade Ogunro, Actor GbenroAjibade,…
By Alex C Oando Plc, one of Africa’s largest integrated energy solution providers has earmarked over N100 million in 2014 to empower Nigerian mechanics on modern vehicle repairs and effective handling of automobiles. To effectively discharge this responsibility to 50,000 mechanics nationwide in an ongoing basis, the company has entered into partnership with Automedics, which has the competence to train the mechanics on various aspects of technical auto work. The company, according to its Head of Sales, Femi Olabiyi, is also extending the training to managerial skills. “It is not only technical aspect which includes advancement in technology, computer and…
By Yemisi Adegoke Football fans can breathe a sigh of relief. Summer’s drought is over and the English Premier league is back. After having our appetites whetted by a thrilling World Cup, what lies in store for us this season? Will the trophy stay in Manchester, move to London or make an appearance in Merseyside? And more importantly who will remain in the top 4? Here is my list of 7 things to look out for this season. 1. Arsenal’s Arsene When pictures of Arsene Wenger frolicking on a Brazillian beach hit the net, Arsenal fans groaned in unison, as…
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