By Alex C Guinness Nigeria Plc is set to expand its retail outlets in the country, using its newly-introduced Retail Loyalty Programme (RLP) otherwise dubbed Guinness Collabo. This development, which was made known at the 2014 Guinness National Sales and Distributors’ Conference held in Lagos recently, is expected to begin with 9,200 retail outlets in the country. Mr Seni Adetu, Managing Director and Chief Executive Officer, Guinness Nigeria Plc, disclosed that the previous year was tough but that with the new partnership, “we are going into the new year with a winning mentality. We intend to expand the capacity for…
Author: Pride Team
Dear Dorothy, I am in my early forties and my husband about ten years older. We have three children the youngest of which is 15. I did think I had a good and happy marriage, and was certainly surprised when my husband asked for a divorce!Where did that come from? Just two weeks before, we were planning how we will celebrate our 21st wedding anniversary. My husband says he’s met another woman and wants a divorce so that he can marry her – she is 28. Dorothy, I had no idea that there was any problem with our marriage. I…
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By Alex C Access Bank has unveiled the ‘W’ initiative to provide women with the access to wide range of lifestyle-oriented value added benefits and privileges, including access to a comprehensive range of loan product and credit facilities. Though economic experts have suggested extensively that empowering women in Africa will spur the continent’s economic growth, these women constitute about 52 percent of the African population, yet have little access to loan and credit facilities. Mr Herbert Wigwe, Group Managing Director/Chief Executive Officer, Access Bank, said that women which comprise 30 percent of Small and Medium Enterprise in Nigeria, do not…
By Alex C AshakaCem Plc with support from other Lafarge Group’s businesses globally is set to fast-track the expansion of the company’s N100bn cement plant in the North-East. The move is imminent in the wake of guaranteeing the future of AshakaCem, enhance jobs creation in the North-East and deliver economic and social welfare to the immediate communities. President Goodluck Jonathan, who unveiled the ground-breaking ceremony of the project in April 2014 ushered in a new phase in the capacity expansion project of the company Having secured sufficient limestone and coal reserves to support existing plant and the new one, contracts…
By Alex C Continental Reinsurance Plc gross premium has grown by 28 percent to N15.86bn in 2013 from N12.40bn in the previous financial period. This revelation, contained in a statement by the company, revealed that non-life and life businesses grew by 32 percent and 11 percent, respectively while total comprehensive income grew by 19 per cent from N1.75bn in 2012 to N2.09bn in 2013. The company’s Profit Before Tax (PBT) rose by five percent to N2.23billion in 2013 from N2.13billion in the previous year while Profit After Tax grew to N 1.75billion, which was higher than the preceding year’s figure…
They came, they saw, they conquered. After 112 minutes, it was Mario Gotze’s strike that led to the German squad lifting their fourth world cup trophy, the first since the reunification of the country. Favourites throughout the tournament, this squad showed not only their consistency but their flair. Although the Germans are worthy champions, there was little to separate the two teams in Rio De Janeiro’s Maracana, it was clear that the game would come down to a moment of magic, seemed but whose? Muller or Messi? In the end it was neither. Chelsea’s Andre Schurrle set…
By Alex C Oando Energy Resources, a Toronto-listed oil and gas producer and explorer, has completed the acquisition of $5 million oil firm Medal Oil. In a statement made by Oando “The purchase price of US$5,000,000 was satisfied by the issuance of 3,491,082 units, each unit consisting of one common share of the Company and one-half of one warrant to purchase an additional common share at a price of C$ 2.00 per common share for a period of 24 months from the date on which the Company closes the acquisition of the Nigerian upstream oil and gas business of ConocoPhillips…
By Alex C Afrik Pharmaceuticals plc, an indigenous producer of intravenous solutions, has said investors are rallying resources to ensure the firm takes the lead in the manufacture of intravenous drugs in the country. With an installed capacity of 396,000 litres annually, it has proposed a 300 percent increase within the next 12 months, equivalent to 1.2 million litres of intravenous products yearly. Emeka Onyema, chairman, board of directors, who disclosed this at the extra-ordinary general of the company in Lagos, said the company was set to achieve this through increase in its market share, opening a new range of…