Michael Onochie Ajukwu, Non-Executive Director | Brand Spur Nigeria
Insider dealings give clues on insiders’ sentiment and director unlike before the new transparent policy where shareholders do not know what executives that formulates policy that impacts their desire stocks are doing.
Brief Profile of the Non-Executive Director
Mr. Ajukwu has over 21 years of experience in the banking industry and an extensive understanding of the Nigerian Political Economy with a special focus on Energy, Real Estate, and Adolescent Education.
Mr Ajukwu has other directorships at the following places:
Chairman, Broad Street – Capital Partners
Independent Non-Executive Director – Sterling Bank Plc
Independent Non-Executive Director – Tiger Brands South Africa
Independent Non-Executive Director – MTN Nigeria
Non-Executive Director – Novotel Hotel.
International Breweries Reports N11.3B Loss in Q2 2021…
International Breweries Plc reported in its Q2 financial statements that its revenue rose to N42.99 billion in Q2 2021, against the corresponding period. However, the brewer’s loss before tax stood at N13.66bn in Q2 2201, from a loss of N4.29bn in Q2 2020; while loss after tax stood at N11.31bn in Q2 2021 from a loss of N3.71bn in Q2 2020.
According to the financial result obtained by Brand Spur, International Breweries‘ gross profit, therefore, rose by 165% YoY to N8.93bn in Q2 2021. Operating expense increased by 52% YoY to N11.27bn in Q2 2021, driven by higher marketing expense (+220% YoY to N4.71bn) during the period.
More than 2 million young people participated in the Davos Lab Dialogues to share their views on what will become the next normal for society, government and business
Overall, they hold more faith in governance by robots than humans and view corruption, climate change and stale political leadership as the most urgent risks
They call for a global wealth tax to protect social safety nets and ambitious plans to digitally connect the world by 2025
40 policy recommendations were created to help policy-makers integrate the voices of young people and shape a more equal future
The plan calls for stricter environmental policies, financial safeguards, increased access to technology and investment in programmes to support more young people getting into politics. These ideas from future global leaders are poised to become the “next normal”.
Photo by Jefferson Santos
Young people ran surveys and workshops in 150 cities and over 180 countries. These dialogues engaged more than 2 million people and generated 40 policy recommendations to end intergenerational inequity.
“The idea that we need to rebuild differently after COVID-19 is widely shared. We need a society, economy and international community designed to care for all people, especially youth, who are the most important and most affected part of our global future. They are also the people who have the most innovative ideas and energy to shape a better world,” said Wadia Ait Hamza, Head of the Global Shapers Community.
Plan highlights
In line with the UN IPCC Report, young people want to see a halt on all new coal, oil and gas exploration and development to limit global warming to the 1.5°C limits set out in the Paris Agreement. They call on financial institutions to avoid bankrolling or underwriting companies that seek to start new fossil-fuel exploration and development, and on firms to actively replace corporate board directors who are unwilling to wind down fossil fuels or transition to green energy sources.
They are extremely worried about their financial future.
They want to see a global wealth tax on assets worth more than $50 million to safeguard social safety nets and avoid austerity measures that disproportionately burden youth and the working poor. Almost half of the young people surveyed said they feel inadequately skilled and close to a quarter said they would risk falling into debt if faced with an unexpected medical expense.
Young people champion an open internet but are concerned about misuse.
Half of the world’s population still lacks access to the web and many contend with internet blackouts. A $2 trillion digital access plan is recommended to close the gap, especially in a socially distancing world that increasingly relies on virtual interactions.
Young people believe we have a serious crisis in politics.
They believe that the fractures that have come to bear in society are manifestations of an underlying political problem. Concerns about corruption and stale political leadership have become urgent priorities for young people if they are to keep faith in the political system.
The survey found that young people would be more likely to trust a system run by artificial intelligence than humans. To fix the problem, they are calling for greater investment in programmes that help young progressive voices join the government and become influential policy-makers.
The Davos Lab Survey shows that physical safety ranks as the greatest safety concern among young people, a potential function of the increased use of surveillance technology and militarized policing against activists and people of colour.
To turn these recommendations into realities, dialogues were run by participants on what youth activism could look like. They created principles to guide their actions and activism for a more inclusive post-pandemic future. The culmination of these dialogues is presented in a Millennial Manifesto.
The Millennial Manifesto is the world’s first attempt at redefining the parameters and efficacy of youth activism in a post-COVID world marked by greater examples of systemic inequalities. “As uprooting systemic problems are particularly difficult for young people wrestling with challenges related to experience and credibility, this Millennial Manifesto acts as a guide providing timeless principles to sharpen their activism,” Wadia Ait Hamza said. It can be read here in the report.
More about the Global Shapers and the report methodology
The Youth Recovery Plan is an initiative of the World Economic Forum Global Shapers Community, a network created to ensure that the next generation – people between the ages of 20 and 30 – are empowered to help shape our common future. They are active in more than 450 cities in 150 countries worldwide, and together they implement local and global projects to improve the state of the world.
The Global Shapers Community organized virtual dialogues and surveys around the world following the call to action at the Davos Agenda in January 2021. Local dialogues involved all stakeholders, including private dialogues with undocumented migrants to public forums involving heads of states and public figures.
The report is based on 344 dialogues held in 146 cities and on approximately 19,000 responses to the Davos Lab Survey conducted in 187 countries. The total reach of this work amounts to over 2.3 million people. Through these dialogues and the survey, young people shared their views, ideas and fears, which are summarized as a set of actionable insights and recommendations for key decision-makers.
Nigerian Breweries’ Q2’21 performance showed a stronger 51% y/y growth (Q1’21: +27% y/y), bringing the H1’21 performance (+38% y/y) to ₦209.3 billion, 1% lower than our Revenue expectation of ₦210.3 billion.
Whilst we believe that the lower base from the pandemic-induced slump in the previous year was quite instrumental in the significant growth reported this year, we recall a number of initiatives that the company had implemented in the past year.
Nigerian Breweries implemented a can repackaging strategy across several of its SKUs (Store Keeping Units), whilst introducing a tequila-flavored beer product Desperados into the market and increasing its malt-bottling capacity.
In addition to these initiatives, we believe that the company’s market share has increased in the past year, given a key competitor’s decision to deprioritize their Lager focus and was thus significant in volume growth for the brewer.
That said, driven by the existing tailwind factors and in line with the H1’21 run rate, we expect NB’s FY’21 Revenue to print at ₦397.7 billion (+18% y/y).
Despite its premiumization drive and the pricing upticks in the first quarter of the year, the elevated cost of sales (+43% y/y to ₦132.6 billion) – driven by increased FX and inflationary pressures on raw materials (raw material costs increased by 56% y/y to ₦92.9 billion for the H1 period) – has negated possible margin gains as gross margin has shrunk by 2ppts y/y to 37%. Given cost challenges as well as competition in the space and the consequently limited scope for price increases, we do not expect NB’s margins to improve in the next half year.
Meanwhile, Opex presented a negative surprise as marketing and admin expenses were marked by steep (62% y/y and 41% y/y respectively) increases in the Q2 period, mostly spurred by advertising and sale expenses as well as employee benefits and repair and maintenance expenses. However, EBIT for the H1’21 period rose 32% y/y to ₦20.0 billion, driven by the stellar performance in the Q1’21 period, as depreciation expenses remained largely flat.
Furthermore, whilst finance income dropped 45% y/y, finance costs increased 21% y/y with net finance costs coming in at ₦8.0 billion for the half-year. Overall, NB’s PAT shrank 22% y/y to ₦0.07 billion, despite the low base from last year.
In line with this track record, we revise our estimates and project that the company’s EBIT for the FY’21 period will print at ₦38.6 billion (+30% y/y), culminating in a PBT figure of ₦27.6 billion (+1.3x y/y) and a PAT figure of ₦18.8 billion (+1.5x y/y). Thus, we project a target price of ₦61.01 per share and rate NB a HOLD.
Sports betting was first legalized in the US in the state of New Jersey in 2018. Since then, interest in sports betting in the US has increased over the last couple of years.
According to data presented by Safe Betting Sites, fans of Major League Soccer are the most likely to gamble if sports betting was made legal in their state, with 53% indicating that they are ‘very interested.’
More Than Half Of MLS And PGA Tour Fans ‘Very Interested’ In Sports Betting If It Was Legal
In 2018, the US Supreme Court ruled that the federal ban on sports betting in New Jersey violated citizen’s rights and thus sports betting became legal again in the state. Since then the industry has slowly grown in influence as more states legalized sports betting and a few more states are on their way to legalization.
A recent survey by data company Nielsen showed that Major League Soccer (MLS) fans are the most interested in sports betting should it be made legal in their state of residence. 53% of MLS fans indicated that they would be ‘very interested’ in sports betting if it was made legal in their state while an additional 39% said they were ‘somewhat interested.’
Fans of the PGA tour are similarly interested with 52% saying they are very interested and an additional 39% saying they are somewhat interested. Notably, fans of the most popular leagues in America such as the NBA, MLB and the NFL posted the lowest interest out of sports fans in the US. The NFL posted the lowest interest with only 37% saying they are very interested and 31% saying they are somewhat interested.
Rex Pascual, sports editor at Safe Betting Sites, commented:
“Sports betting is still in its infancy in the US which presents enormous growth opportunities to gaming operators. But operators must overcome challenges that come with any new market such as identifying the right targets and audiences. The popularity of sports betting among fans of MLS and the PGA Tour is probably fuelled by the two sports’ connection as European sports where sports betting has existed as an industry for some time.
In this respect, gaming operators in the US must figure out a way to have a stronger influence among America’s most popular leagues if it were to prosper to the same level as sports betting in markets such as the UK.”
Brand Spur Nigeria reports that some online news platforms had on Tuesday reported that Africa’s richest man, Aliko Dangote, could forfeit the Dangote Refinery over a $7 billion debt burden owed to commercial banks in the country with a possible takeover by AMCON.
AMCON, however, denied such plans. It said neither Dangote Refinery nor the Dangote Group are on its debtors’ list, hence it couldn’t have the plan to take over the assets.
AMCON Breaks Silence On Plans To Take Over Dangote Refinery
Head of Corporate Communications at AMCON, Jude Nwauzor, said since the Dangote Group is not on its debtors’ list, the rumour that it was planning to take over the assets of Dangote Refineries is false.
Multiple sources in the Dangote Group also said the report was “false and malicious”, as the group has the capacity to service and pay its debt.
AMCON had in 2010 purchased 12,743 bad loans worth N3.8 trillion from 22 Eligible Financial Institutions (EFIs) for a purchase price of N1.8 trillion.
According to AMCON, Dangote Refineries was not part of the bad debts that it took over and there was no way it would be taking over the assets of the company now.
The Federal Executive Council (FEC) had recently approved the acquisition of a 20 per cent minority stake by the Nigerian National Petroleum Corporation (NNPC) in the Dangote Petroleum and Petrochemical Refinery.
Dangote Oil Refinery is a 650,000-barrel per day (BPD) integrated refinery project under construction in the Lekki Free Zone of Lagos.
1xBet reserves to all new users who will open a new game account on its platform a welcome offer to cover the different sections related to sports betting. Entering during the registration of the special 1xBet promo codea new client gets up to $144 to use on sports wagering.
Parlay bets consisting of at least 3 events are included in the wagering credit. In this case, at least 3 events in the coupon must have a coefficient of 1.40 or higher. The wagering bonus through the promo code of 1xBet is transferred to the main account in the amount of the balance of bonus funds, but not more than the amount of the bonus. Until the conditions of bonus wagering are met, withdrawal from the account will be temporarily limited. Bonus must be wagered within 28 days after registration.
1xBet promo code
1xBet apk: peculiarities of the application installation process
In addition to placing bets on sports, after registering, customers of 1xBet can play online casinos; visit: https://theinternetslots.com/gb/10-free-no-deposit-bonus/, participate in lotteries, make financial bets, as well as bet on the exchange with other players. All these products are available in the operator’s mobile applications. To download 1xBet apkfor free, follow the instructions below:
go to the bookmaker’s website through the browser of your mobile device;
go down to the bottom of the start page of the resource;
open the “Mobile applications” section;
on the page that opens, scroll down to “Android”. Click on the “Download” button;
confirm the apk file 1xBet download by clicking the “OK” button!
The installer of the software will be downloaded to your cell phone. Now you can proceed directly to install the bookmaker app.
Since you downloaded the files, not from Play Market, the smartphone system during the installation process will ask for permission to unpack the installer. To start installing the app, follow these steps:
open the downloaded file and click “Install”;
confirming the installation of the application;
a menu will appear on the display, where you need to click on “Settings”;
unblock apps from unknown sources;
in the menu that appears, activate the “Permission for this source” function and return to the previous section;
Click “Install” again and wait for the installation process to complete;
Once completed, a message will appear on the screen. Click the “Open” button to start using the official bookmaker app!
By installing the 1xBet app on your cell phone or smartphone, you can bet on sports on the pre-match or live line.
11th August 2021 – Eat’N’Go Limited, the leading QSR (Quick Service Restaurant) operator and lead franchisee for Domino’s Pizza, Cold Stone Creamery and Pinkberry Gourmet Yoghurt in Africa, opened its new warehouse and commissary facilities in Mowe and Magboro community respectively.
As the company recently passed its goal of 150 stores across Africa, the decision to establish stronger roots in the continent is not surprising, and the Warehouse and Commissary are evidence that they are indeed here to stay. They are also a testament to the organization’s mandate to provide Africans with quality food and snacks.
L-R: Executive Director (Finance and Corporate Services Eat’N’Go), Mrs. Lanre Tunji-Sanusi; Representative of Ogun State Governor, Honourable Commissioner on Industry Trade and Investment, Mrs. Kikelomo Longe; The Special Adviser to the Governor on Industry Trade and Investment, Chief Remi Ogunmefun; Head of Development and Project Eat’N’Go, Mr. Olusola Adeeko at the launch of the Eat’N’Go Warehouse and Commissary in Ogun State today. | Brand Spur Nigeria
The Head of Development and Project of Eat’ N’ Go, Sola Adeeko, while commenting at the event, said,
“We believe in the need to establish structures that better enable us to serve our host communities. The warehouse and commissary would not only positively impact our ability to provide our customers with their favourite treats, but it would also most importantly provide jobs for the locals.”
He also added,
“The Warehouse and Commissary are avenues for the company to expand, not just in production scale, but our ability to excite customers through our tasty treats nationally”.
Eat ‘N’ Go has consistently shown that they prioritise the development of members of the communities in which they operate. The scale of production that occurs in a warehouse and commissary would demand labour, and this means that indigenes of Mowe and Magboro can expect employment opportunities across the production chain as these facilities begin operation.
Furthermore, Eat ‘N’ Go Limited is an environment where excellence is rewarded, so growth and training are available at any level of employment.
As the leading QSR in Africa, the effect of the Warehouse and Commissary on the quality and speed of food production would better establish the organisation as the leader in the industry. These facilities would also increase their production capacity, which would mean the organisation can create more menu items to excite customers.
Eat’N’Go is the nation’s leading franchisee of the Domino’s Pizza, Cold Stone Creamery and Pinkberry Gourmet Frozen Yoghurt brands. Renowned for being a master deliverer of extraordinary fast-food services, Eat’N’Go has established over 150 stores in Africa.
The company continues to expand its presence in key markets by fusing company goals with new strategic development goals.Eat’N’Go is dedicated to bringing the best global food brands and concepts to Nigeria and Africa at large.
The cutting-edge devices are exclusively distributed by TD Africa, the sub-region’s leading distribution giant.
INBOOK
The Infinix INBook is built with precision to make work and play pleasurable for every user. Made from premium aircraft-level aluminum materials, the laptop weighs on the average 1.48kg, making it the most portable laptop with topmost functionality available in the market.
NEW INFINIX INBOOK 1
Already, surging demands for the device among potential users are being met at the Tech Experience Centre, Africa’s cutting-edge technology and lifestyle hub located at Idowu Martins, Victoria, Island, Lagos, with bulk orders being handled at TD Africa, with special deals on offer.
Business Manager, Infinix at TD Africa, Mr. Chinazam Ehiemere, explained that the device comes equipped with super-fast speed functionality through its Wi-Fi 6 speeds, adding that the INBook X1 Pro has Intel®IRIS Plus graphics, making its performance a fun-filled one for all categories of users.
Further, he revealed that the device boasts a crisp webcam for sharp and focused video conferencing, coupled with two arrays of premium digital microphones that allow consumers to communicate clearly in all environments.
“It is imperative to add that this webcam is security sensitive, as it can be fully shut down by consumers for extra privacy and to avoid the prying eyes of possible hackers,” Ehiemere said.
The laptop is available in multiple attractive colours, such as noble red, elves green, starfall grey and elegant black.
In addition, Ehiemere disclosed that the Infinix INBook is furnished with 180-degree folding functionality so that it can be folded flat or half way to reduce rays, and protect consumer’s eyes from any possible discomfort that may result from prolong exposure to rays emanating from the screen.
“You can see that the laptop is made with the health of the consumer in mind,” he enthused.
Also, the INBook X1 Pro is equipped with ice storm cooling technology with military-grade air ducts, which keeps the machine cool and quiet when gaming, working and consuming any other media, even as its long battery life represents another major selling point.
“The beauty of this functionality is that it prevents an unfortunate situation where the laptop could be engulfed with fire, possibly because of heat,’’ Ehiemere said. ‘‘Some consumers must have experienced a situation where their laptop combusted due to heat.
Such a situation usually arises when a laptop is not protected with adequate cooling system. However, with the INBook X1 Pro, the consumer has no need to worry about the possibility of having laptop-generated heat.
It, therefore, means that they will never have issues placing this laptop on their legs for either work or play. When we say that this laptop was designed with comfort and safety in mind, this is what we mean.
“The battery life span of the laptop is especially suitable for long-term reading, typing, graphic work, video editing, photo editing, gaming and movie purposes,” he stated.
Stacked with one of the most effective adapter technologies available, the laptop is designed to charge up to 70 per cent within an hour.
“Aside the ability to have quick response charge, it is vital to add that the INBook X1 comes with Infinix Smart Management System, which allows the laptop to cut down power consumption in different scenarios. This is done to give consumers that extra comfort they need so that they will not have any need to be charging their laptops than necessary, thus prolonging the lifespan of the batteries in particular and the laptop in general.”
The INBook X1 is also equipped with InSync screen functionality which aids seamless wireless projections by enabling consumers to synchronise with other laptops, televisions and smartphones. It is also furnished with multiple ports such as micro SD, USB, Type C charging points, HDMI, among others to accommodate personal and business requirements of every laptop consumer.
Ehiemere explained that type C charger is fully optimised to work with both Infinix laptops and smartphones so that the consumer will only need to take one along anywhere.
‘‘For interested end users looking to get the device at the Tech Experience Centre, you can call 09040788012 while bulk purchases and further enquiries can be made through TD Africa on 09029174191, 09070002697 and 09070002683,’’ he concluded.
Google Trends, the search tool providing insights into what netizens are searching for at any given moment, turns 15 today. In Nigeria, football, with clubs like “Man U”, “Real Madrid” and “Chelsea FC” have taken the top spots in Google Searches in the past 15 years.
Nigerians are also entertainment enthusiasts who love their celebrity personalities, with Nollywood actors like “Mercy Johnson” and “Odunlade Adekola” and favourite acts like “Burna Boy” also ranking as some of the most searched personalities in Nigeria over this period alongside the likes of Cardi B and Kanye West.
Google processes more than 40 000 search queries every second. This translates to more than a billion searches per day and 1.2 trillion searches per year worldwide. Google Search trends information is gleaned from data based on what Nigerians have been searching for.
Over the past 15 years, Nigerians have relied on Search to get the answers they require. They have also shown consistent interest in news and current affairs. This is revealed in the top questions that Nigerians have asked, their top political topics and media platforms that they follow for news stories.
Below are lists that unpack the interests of Nigerians on Google Search over the last 15 years.
Top searched questions, past 15 years in Nigeria
What is love?
How to make money online?
What is a computer?
How much is the dollar to naira?
How to make love?
What is sex?
What is biology?
How to write an application letter?
What is a noun?
How to check BVN?
Top searched “lyrics”, past 15 years in Nigeria
Top searched “Nollywood celebrities”, past 15 years in Nigeria
Xxxtentacion Bad Vibes Forever lyrics
In Christ Alone lyrics
Brown Skin Girl lyrics
All Of Me lyrics
Onise Iyanu lyrics
Reckless Love lyrics
Despacito lyrics
Silent Night lyrics
Great Is Thy Faithfulness lyrics
Ancient Words lyrics
Mercy Johnson
Funke Akindele
Ini Edo
Odunlade Adekola
Adam A Zango
Iyabo Ojo
Rita Dominic
Angela Okorie
Juliet Ibrahim
Adunni Ade
Top searched “Nigerian Music Artists”, past 15 years in Nigeria
Top searched “Artists (Non-Nigerian)”, past 15 years in Nigeria
Burna Boy
Omah Lay
Adekunle Gold
Tope Alabi
Small Doctor
Reekado Banks
Banky W
Frank Edward
2Face Idibia
Yinka Ayefele
Nicki Minaj
Chris Brown
Cardi B
Ariana Grande
Kanye West
Celine Dion
Meek Mill
Bob Marley
Whitney Houston
August Alsina
Top searches recipes, past 15 years in Nigeria
Top Searched “movies” past 15 years in Nigeria
Pornstar martini cocktail recipe
Cake recipe
Pancake recipe
Meat pie recipe
Puff puff recipe
Chocolate cake recipe
Doughnut recipe
Chin chin recipe
Fried rice recipe
Red velvet cake recipe
Sex and the city movie
The BFG movie
Titanic movie
Black panther full movie
Moana
Frozen 2
Kesari yoruba movie
Half of a yellow sun movie
War room movie
Fifty Shades of Grey movie
Top searched “Diet”, past 15 years in Nigeria
Top searched “Football clubs”, past 15 years in Nigeria
Genial Sounds battled Elixir Band; The Benedicts went against Update vibes, both giving performances that made it difficult for the judges to choose; and Alian Tribe slugged it out against The Bandhitz, both giving us performances we could put on repeat.
BenedictsElixir Band
While The Bandhitz delivered a performance that left us amazed, it was Alian Tribe that stole the show with an emotion laced performance that got judges; Tuface and Timi Dakolo on their feet.
Alian TribeThe Banhitz
After tough deliberations that saw Genial Sounds, The Benedicts and The Bandhitz land in the bottom three, the judges were left with the unenviable task of eliminating the band with the night’s weakest performance. That meant that this season’s all-girl band, Genial Sounds dropped out of the running for the grand prize of N10 million and a brand-new set of musical instruments.
5 bands left in race to win N10 million grand prize on Trophy Extra Special Band Season 2 competitionVee
With next week being the semi-finals, the competition has definitely gotten tougher. Raising the stakes even higher, the bands will be performing the judges’ original songs! You don’t want to miss next week’s episode.
Catch the Trophy Extra Special Band Season 2 live show on MTV Base, DStv Ch. 322 and GOtv Ch. 72 every Saturday at 7 pm, with repeats on Wednesdays at 9 pm. You can also follow all the Trophy Extra Special Band Season 2 conversations on social media using the hashtag #TrophyExtraSpecialBand, and the Trophy Stout Instagram handle (@trophystout). Episodes will also be available every Sunday at 7 pm on YouTube.
Trophy Extra-Special Band is brought to you by Trophy Extra Special Stout.
The Rich, Dark and Satisfying Stout was launched in March 2020, for Nigerian Stout lovers and are currently the newest product from International Breweries. The exceptional Trophy Extra Special Stout is specially brewed with water, Barley Malt, Maize, Hops, Lactose and Caramel. Going the extra mile for the Extra Special Man/Woman, the Malted Barley is Extra Specially Roasted, Hence the name, Trophy Extra Special Stout. The drink is made to deliver incomparable RICHNESS, SMOOTHNESS and TASTINESS to its consumers.
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
