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…
Author: Pride Team
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…
By Bimbola Segun-Amao Shopping for make-up could be fun; you get to try different shades of different products. The fun however ends when you discover you picked the wrong shade of foundation; it’s too light or too dark, and if you live on this side of the world, there is most times a little clause after purchase “Good sold in good conditions are not returnable” ; that rules out your chance of returning the product. Top tips when shopping Your first aim should be to get it right when shopping; picking the right shade of foundation is the first step…
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By Alex C As Nigeria’s e-commerce industry continue to witness huge growth, new range of products are gaining online listing, exploiting new markets that showcase great potentials. One of such markets is Abuja, which is yet to feel the pulse of the rise in e-commerce as Lagos, Nigeria’s commercial city remains the focus for e-commerce industry. Ahia Online is one of the few start-ups ignoring the trend to set camp in Abuja, which is considered highly untapped. Its courageous move has landed it the position of Abuja’s first online grocery shop. According to a statement by the retailer, “Abuja residents…