Lafarge Africa Announces the Redemption of its Matured N33.6Bn Bond

Lafarge Africa Plc announces the redemption of its matured N33.6 Billion Bond due on June 15, 2021.

Lafarge Africa Plc registered a N100 Billion Bond issuance programme in June 2016, out of which the sum of N60 Billion was issued in Series 1 and 2 of the programme. The matured Series 1 Bond was issued on June 10, 2016, with a 3-year tenor and at a fixed coupon of 14.25%, which has been repaid, while the matured Series 2 Bond issued on June 15, 2016, with a 5-year tenor at a fixed tenor of 14.75% has now been repaid.

Lafarge Africa Plc. (WAPCO): Basking in Restructuring Gains

The Company leveraging on its performance and its recently concluded Management
strategic plans to systematically deleverage the Company has redeemed the Series 2 Bond
from internally generated cash flow.

In view of this, the Company has no outstanding issued Bond under the N100 Billion Bond
issuance Programme.

Capital Hotels to sell 51% stake to 11 Plc

The Board of Directors of Capital Hotels Plc (owners of Sheraton Abuja Hotel) held its Emergency Meeting on 14th June 2021 to consider the offer by 11 Plc to purchase a 51% stake in Capital Hotels Plc in which the Board agreed to partner with 11 Plc to offer the right competition in Abuja hospitality market and resolved to sell 51% stake in Capital Hotels Plc to 11 Plc at the price of N7.00 per share.

This is subject to Hans Gremlin Nig Ltd (the Core shareholder) being given the opportunity to exit 50% of its stake in Capital Hotels Plc at the same price, and on such other terms and conditions as the Directors may deem fit subject to obtaining the approval of the Regulatory Authorities.

Capital Hotels

The Board also agreed that in order to balance the interest of Capital Hotels Plc (the Company), Hans Gremlin Nig Ltd (the Core shareholder) and 11 Plc (formerly Mobil Oil Nigeria), the transaction could be structured with offer for sale and offer for subscription subject to obtaining approval required from the Regulatory Authorities.

The Board further agreed that if the new investor accepts the conditions herein stated, an Extraordinary General Meeting would be convened to get the approval of the Shareholders for this transaction.

Truecaller launches Smart SMS Feature in Africa

Truecaller, the world’s most trusted and accurate Caller ID and telephone search engine, is rolling out a new feature to further augment the user experience. The new feature Smart SMS has been introduced based on user feedback and is designed to cater to the evolving needs of our consumers. It offers a host of new services to make day-to-day communication a lot more convenient.

Smart SMS is powered by state-of-the-art machine learning models that adapt based on the feedback you give it. It supports users with important messages from banks, billers, travel companies, delivery companies and so much more.

truecaller-BRANDSPUR-VCONNECT

Smart SMS also helps users stay protected from spam and fraud. Only the essential information within an SMS is highlighted and all SMS messages are categorised and easily accessible. From keeping track of your expenses to last-minute changes to your travel, Smart SMS is the future of SMS that will make life a whole lot easier.

Commenting on the new addition, Zakaria Abdulkadir Hersi, Director of Business Development & Partnerships Africa at Truecaller said:

Roughly 80% of SMSes one receives daily are from businesses, disengaging users from important/useful messages. To combat that, SMS apps need to become smarter by filtering out spam and categorising useful information. At Truecaller, we constantly strive to offer the best user experience by adding unique features that fit in with our core mission: to make communication safer and more efficient for everyone.

Truecaller has evolved into a powerful communication hub and for the people who wish to use the app to its fullest, we want to streamline the experience as much as possible for an efficient calling and messaging experience for our end user.”

Truecaller uses the same powerful algorithms used to identify spam callers in SMS as well. The SMS intelligence is built into the app itself and it can work offline – nothing leaves your device, including all OTPs, bank SMSes and financial information. The feature also offers a Smart Inbox that identifies unknown SMS sender numbers and SMS sender IDs are resolved to business names with logos.

Dettol Partners NFF as Official Hygiene Sponsor of the Super Eagles

Nigeria’s leading hygiene brand, Dettol, announced its partnership with the Nigerian Football Federation (NFF) on Thursday, June 17, 2021, at an unveiling ceremony in Lagos, Nigeria. This is ahead of the Eagles’ preparations for the African Cup of Nations (AFCON) and the Qatar World Cup tournament in 2022.

With this landmark deal, the health giant has been named the ‘Official Hygiene Partner of the Super Eagles’. Dettol will ensure the protection and well-being of the Super Eagles’ to enable some of the country’s finest football players to put their best foot forward during both tournaments. Dettol will also work closely with NFF to provide hygiene support for the audience and football fans of Nigeria.

Dettol

“Every year, the Super Eagles fly Nigeria’s flag high on the continental and global football stage. Behind every kick of the ball, every goal, every celebration is the spirit of over 200 million people willing on their team,” said Akbar Ali Shah, the General Manager of Reckitt, Sub-Saharan Africa at the ceremony. 

“We understand the need to prioritize hygiene and health with the same fervour. A vital part of healthy living is good hygiene, and no other brand in Nigeria epitomizes this like Dettol. For over 50 years, Dettol has helped to protect Nigerian lives and reduce the burden of illnesses.”

Dettol
L-R: General Manager, Reckitt, Sub Saharan Africa, Akbar Ali Shah; Goalkeeper, Super Eagles, Ikechukwu Ezenwa and President, Nigerian Football Federation (NFF), Amaju Pinnick at the unveiling ceremony announcing Dettol as the Official Hygiene Partner of the Super Eagles, at Oregun, Lagos, on Thursday, June 17, 2021. | Brand Spur Nigeria

Akbar Ali Shah continued, 

“Dettol will provide hygienic protection for the Super Eagles during their pre and post-match activities as it already does in several Nigerian homes. It will keep the players in good health, powering them on their quest to entertain Nigerians and bring home the 2021 African Cup of Nations and the 2022 FIFA World Cup. Not only that, Dettol will also work hand in hand with NFF to provide hygiene support for the football fans of Nigeria.”

Reacting, the NFF President, Amaju Pinnick, said:

“Our national team is poised not only to take on the best in the game but to remain on top. But this laudable feat would be unachievable if their health is compromised. We value Dettol’s critical support, especially in this pandemic era when everyone is encouraged to prioritise their health and safety.”

dettol

Dettol is leveraging Nigerians’ love for football to raise their health consciousness and to convert hygienic practices into habits. During the pandemic, Dettol took the leadership in driving hygiene awareness amongst Nigerians. With the same commitment, Reckitt now extends its efforts towards protecting the Super Eagles and its fans, and towards bringing the football back to normalcy with due hygiene protection.

Reckitt, the manufacturer of Dettol, is a global leading consumer health and hygiene company. Driven by the purpose to protect, heal and nurture in the relentless pursuit of a cleaner and healthier world, Reckitt has brands present in nearly 200 countries. Reckitt is committed to providing quality brands that will continue to enrich the lives of consumers.

Influencer Marketing: What Brands Can Learn From The Ronaldo/Coca-Cola Gesture

Influencer marketing employs leading, niche content creators to improve brand awareness, increase traffic, and drive your brand’s message to your target audience. These content creators already market to your ideal audience across different channels which allows you to expand your reach across your buyer personas.- Hubspot.

When choosing an influencer for your business, it is important to actually choose those who can actually influence your target audience to take action depending on what your campaign objectives are.

Cristiano Ronaldo’s gesture cost Coca-Cola $4 billion Dollars as shares dropped from $56.10 to $55.22. This is what INFLUENCE is and that is why a lot of brands want to associate with him because of the strong influence his personal brand has on and off the pitch.

Influencer Marketing

Today in Nigeria I see a lot of businesses signing up influencers who have no relationship with their target audience just because your competitor has an Actor for Ambassador you also chose to do the same.

I don’t think Ronaldo hates the Coca-Cola brand, he just prefers water to it that’s all. Coca-cola has actually responded by saying, we all have our preferences and that is fine. I agree.

What should your business consider when choosing an INFLUENCER?

  1. Influence: Can they get your target audience to act in the manner that you want?
  2. Relevance: How relevant is this influencer in the industry you play in? You cannot use a Tech Influencer to influence an FMCG.
  3. Tested Influence: It is important to use an influencer whose influence has been tested. You know their, weekly/monthly reach and their conversion power.
  4. Appeal: Do they appeal to your target audience, it is important that you use and influence that appeals to your target audience if you want to get results.

Micheal Jordan X Nike is still one of the greatest sports/business partnerships to date. If you find the right influencer for your business they can eventually turn to partners as the relationship blossoms.

One in 100 deaths in 2019 was by suicide – WHO

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WHO guidance to help the world reach the target of reducing the suicide rate by one-third by 2030

Suicide remains one of the leading causes of death worldwide, according to WHO’s latest estimates, published today in “Suicide worldwide in 2019”.  Every year, more people die as a result of suicide than HIV, malaria or breast cancer – or war and homicide. 

In 2019, more than 700 000 people died by suicide: one in every 100 deaths, prompting WHO to produce new guidance to help countries improve suicide prevention and care.

“We cannot – and must not – ignore suicide,” said Dr Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization. “Each one is a tragedy.  Our attention to suicide prevention is even more important now, after many months living with the COVID-19 pandemic, with many of the risk factors for suicide – job loss, financial stress and social isolation – still very much present.  The new guidance that WHO is releasing today provides a clear path for stepping up suicide prevention efforts.”

suicide COVID-19 Vaccine who
Dr Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization

Among young people aged 15-29, suicide was the fourth leading cause of death after road injury, tuberculosis and interpersonal violence. Rates vary, between countries, regions, and between males and females.

More than twice as many males die due to suicide as females (12.6 per 100 000 males compared with 5.4 per 100 000 females).  Suicide rates among men are generally higher in high-income countries (16.5 per 100 000).  For females, the highest suicide rates are found in lower-middle-income countries (7.1 per 100 000).

Suicide rates in the WHO African (11.2 per 100 000), European (10.5 per 100 000) and South-East Asia (10.2 per 100 000) regions were higher than the global average (9.0 per 100 000) in 2019.  The lowest suicide rate was in the Eastern Mediterranean region (6.4 per 100 000).

Globally, the suicide rate is decreasing; in the Americas, it is going up

Suicide rates fell in the 20 years between 2000 and 2019, with the global rate decreasing by 36%, with decreases ranging from 17% in the Eastern Mediterranean Region to 47% in the European Region and 49% in the Western Pacific.

But in the Americas Region, rates increased by 17% in the same time period.

Although some countries have placed suicide prevention high on their agendas, too many countries remain uncommitted. Currently, only 38 countries are known to have a national suicide prevention strategy. A significant acceleration in the reduction of suicides is needed to meet the SDG target of a one-third reduction in the global suicide rate by 2030.

LIVE LIFE

To support countries in their efforts, WHO is today releasing comprehensive guidance for implementing its LIVE LIFE approach to suicide prevention.  The four strategies of this approach are:

  • limiting access to the means of suicide, such as highly hazardous pesticides and firearms;
  • educating the media on responsible reporting of suicide;
  • fostering socio-emotional life skills in adolescents; and
  • early identification, assessment, management and follow-up of anyone affected by suicidal thoughts and behaviour.

Banning of the most dangerous pesticides: a high-impact intervention

Given that pesticide poisoning is estimated to cause 20% of all suicides, and national bans of acutely toxic, highly hazardous pesticides have shown to be cost-effective, such bans are recommended by WHO.  Other measures include restricting access to firearms, reducing the size of medication packages, and installing barriers at jump sites.

Responsible reporting by the media

The guide highlights the role the media plays in relation to suicide. Media reports of suicide can lead to a rise in suicide due to imitation (or copycat suicides) – especially if the report is about a celebrity or describes the method of suicide.

The new guide advises monitoring of the reporting of suicide and suggests that media counteract reports of suicide with stories of successful recovery from mental health challenges or suicidal thoughts.  It also recommends working with social media companies to increase their awareness and improve their protocols for identifying and removing harmful content.

Support for adolescents

Adolescence (10-19 years of age) is a critical period for acquiring socio-emotional skills, particularly since half of the mental health conditions appear before 14 years of age.  The LIVE LIFE guidance encourages actions including mental health promotion and anti-bullying programmes, links to support services and clear protocols for people working in schools and universities when suicide risk is identified.

Early identification and follow-up of people at risk

Early identification, assessment, management and follow-up applies to people who have attempted suicide or are perceived to be at risk.  A previous suicide attempt is one of the most important risk factors for future suicide.

Health-care workers should be trained in early identification, assessment, management and follow-up.  Survivors’ groups of people bereaved by suicide can complement the support provided by health services.  Crisis services should also be available to provide immediate support to individuals in acute distress.

The new guidance, which includes examples of suicide prevention interventions that have been implemented across the world, in countries such as Australia, Ghana, Guyana, India, Iraq, the Republic of Korea, Sweden and the USA, can be used by anyone who is in interested in implementing suicide prevention activities, whether at the national or local level and in the governmental and non-governmental sectors alike.

“While a comprehensive national suicide prevention strategy should be the ultimate goal for all governments,” said Dr Alexandra Fleischmann, suicide prevention expert at the World Health Organization, “starting suicide prevention with LIVE LIFE interventions can save lives and prevent the heartbreak that follows for those left behind.”

Governments of Delhi and Chhattisgarh Permit Home Delivery of Wine & Liquor

On May 25, 2021, the Government of the National Capital Territory of Delhi (NCTD) issued a notification permitting the home delivery of wine and liquor within the territory. Likewise, the State of Chhattisgarh announced its intention to permit home delivery of liquor in the state beginning May 10.

These decisions are likely to generate needed tax revenue for the governments of Delhi and Chhattisgarh, which experienced significant revenue losses during the past year due to the COVID-19 pandemic.

Governments of Delhi and Chhattisgarh Permit Home Delivery of Wine & Liquor BRANDSPUR
Photo by Nathan Dumlao

Over the past year, several Indian states allowed the home delivery of wines and spirits through e-commerce/digital platforms in response to overcrowding at brick-and-mortar liquor shops and to prevent additional revenue losses due to store closures during the COVID-19 pandemic.

New Delhi and Chhattisgarh join the states of Maharashtra, West Bengal, and Odisha that permit home delivery of liquor.

Chhattisgarh

According to local media, the Government of Chhattisgarh issued a notification on May 10 that permits the home delivery of up to five litres of liquor/wine/beer through the Chhattisgarh State Marketing Corporation Limited (CSMCL), which is state-run and controls all liquor sales in the state.

Consumers will be able to make their orders through the CSMCL website or mobile app in state-designated “green zones” related to the prevalence of COVID-19. According to state authorities, the aim of this new rule is to avoid overcrowding at liquor shops. Trade sources have indicated that this measure was also implemented to prevent any illegal sale and possession of liquor during the ongoing lockdown.

Delhi

On May 25, 2021, the Government of the National Capital Territory of Delhi (NCTD) issued a notification permitting the home delivery of wine and liquor within its territory. According to the Delhi Excise (Amendment) Rules, 2021, L-13 license holders (retail vendors of Indian and foreign liquors) will be able to deliver liquor to Delhi residents as long as customers place orders through a mobile app or website.

This notification also presented new regulations related to the granting/renewal of licenses, vendor registration, and updated compliance procedures, all of which should help streamline the sale and distribution of wine and liquor in the NCTD.

Nigerian Idol: Top 7 Contestants Visit Headline Sponsor, Bigi Drinks, Reveal Favorite Variants

The top seven contestants battling for the ultimate prize on Nigerian Idol season 6, on Friday 4th June 2021, paid a courtesy visit to the music competition’s headline sponsor, Bigi, a flavoured drink with twelve variants from the stable of Rite Foods Limited.

Akunna Okey, Beyonce Ajomiwe, Comfort Alalade, Emmanuel Elijah, Faith Onyeje, Francis Atela, and Kingdom Kroseide were the top contestants received with utmost excitement and panache at the corporate headquarters at Opebi Ikeja.

Nigerian Idol

Boluwatife Adedugbe, Brand Manager, Rite Foods Limited, while addressing the contestants, expressed the company’s excitement on the visit. She further intimated the contestants on the company’s corporate culture, taking them through the company’s corporate journey and footprints in the Nigerian economy, and most importantly, the entertainment sector.

Ms. Adedugbe further implored the contestants to have the ‘rite’ mindset in their next performances. She encouraged the contestants and called them ‘winners’ for making the top seven. “All of you are winners for making it to this point. I would like you all to imbibe the ‘Rite’ energy in your next performances,’ she added.

Nigerian Idol

Beyonce Ajomiwe revealed during the visit that her favourite Bigi variant is ginger lemon because it is good for her voice. According to her, Bigi ginger lemon has helped her maintain her voice and tone in the contest. Faith Onyeje reveals he loves Bigi Apple as it helps his metabolism after a good workout.

Akunna Okey reaffirms her support for both ginger lemon and tamarind flavours; Emmanuel Elijah loves his Bigi Apple; Comfort Alalade loves Bigi Cola; Kingdom Kroseide loves Bigi water and sausages, while Francis Atela declares his love for Bigi Tamarind flavour.

Nigerian Idol

The visit was characterized by fun and thrilling moments as the headline sponsor of the competition. Games and singing competitions spiced up the occasion as the contestants were split into two groups, where they contested BIGI TVC song ‘BigiMy Number One’ which was creatively performed by both groups.

The sum of One Million, Four Hundred Thousand Naira was splashed on the contestants for their creative and entertaining performances during the visit. The contestants also carted away other Rite Foods branded items and gifts during the visit.

Nigerian Idol

At the visit was also the popular entertainment editor, Rotimi Ige, who won the first-ever Bigi Media Idol. He congratulated the contestants for making it thus far and urged them to keep working on their art and be assured that they are on the right platform, especially with Bigi, being the headline sponsor of the competition.

The contestants lauded the company for supporting young talents in the country and called on other stakeholders to emulate Rite Foods Limited in the quest for turning young acts into megastars.

The excitement continues this weekend on DSTV Channel 198 and GOTV Channel 29 at 7 pm.

The brand which has set the pace in the beverage sector with its 12 leading variants, consist of the Bigi Cola, Bigi Orange, Bigi Apple, Bigi Bitter Lemon, Bigi Soda Water, Bigi Lemon & Lime, Bigi Tropical, Bigi Chapman, Bigi Tamarind, Bigi Cherry Cola, Bigi Ginger Lemon, and the Bigi Ginger Ale.

Other Rite Foods’ products comprise Rite Spicy, Bigi Beef and Rite Sausages which have been the mark of excellence for the industry, while its Bigi Premium Table Water, produced with global best practices in purification, offers quality, freshness, confidence, and reliability.

WHO Warns As Caesarean Section Increases To 21%

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Rising rates suggest increasing numbers of medically unnecessary, potentially harmful procedures

According to new research from the World Health Organization (WHO), caesarean section use continues to rise globally, now accounting for more than 1 in 5 (21%) of all childbirths. This number is set to continue increasing over the coming decade, with nearly a third (29%) of all births likely to take place by caesarean section by 2030, the research finds.

While a caesarean section can be an essential and life-saving surgery, it can put women and babies at unnecessary risk of short- and long-term health problems if performed when there is no medical need.

“Caesarean sections are absolutely critical to saving lives in situations where vaginal deliveries would pose risks, so all health systems must ensure timely access for all women when needed,” said Dr Ian Askew, Director of WHO’s Department of Sexual and Reproductive Health and Research and the UN joint programme, HRP.

Caesarean Section
Photo by Andrea Bertozzini

“But not all the caesarean sections carried out at the moment are needed for medical reasons.  Unnecessary surgical procedures can be harmful, both for a woman and her baby.”

Caesarean sections can be essential in situations such as prolonged or obstructed labour, fetal distress, or because the baby is presenting in an abnormal position. However, as with all surgeries, they can have risks. These include the potential for heavy bleeding or infection, slower recovery times after childbirth, delays in establishing breastfeeding and skin-to-skin contact, and increased likelihood of complications in future pregnancies.

Caesarean section rates rising globally, though unequally, with increases projected to continue

There are significant discrepancies in a woman’s access to caesarean sections, depending on where in the world she lives. In the least developed countries, about 8% of women gave birth by caesarean section with only 5% in sub-Saharan Africa, indicating a concerning lack of access to this lifesaving surgery.

Conversely, in Latin America and the Caribbean, rates are as high as 4 in 10 (43%) of all births. In five countries (Dominican Republic, Brazil, Cyprus, Egypt and Turkey), caesarean sections now outnumber vaginal deliveries.

Worldwide caesarean section rates have risen from around 7% in 1990 to 21% today, and are projected to continue increasing over this current decade. If this trend continues, by 2030 the highest rates are likely to be in Eastern Asia (63%), Latin America and the Caribbean (54%), Western Asia (50%), Northern Africa (48%) Southern Europe (47%) and Australia and New Zealand (45%), the research suggests.

Quality, women-centred care needed to address the high use of caesarean section

Causes of high caesarean section usage vary widely between and within countries. Drivers include health sector policies and financing, cultural norms, perceptions and practices, rates of preterm births, and quality of healthcare.

Rather than recommending specific target ratesWHO underscores the importance of focusing on each woman’s unique needs in pregnancy and childbirth.

“It’s important for all women to be able to talk to healthcare providers and be part of the decision making on their birth, receiving adequate information including the risks and benefits. Emotional support is a critical aspect of quality care throughout pregnancy and childbirth,” said Dr Ana Pilar Betran, Medical Officer at WHO and HRP.

WHO recommends some non-clinical actions that can reduce medically unnecessary use of caesarean sections, within the overall context of high quality and respectful care:

  • Educational interventions that engage women actively in planning for their birth such as childbirth preparation workshops, relaxation programmes and psychosocial support where desired, for those with fear of pain or anxiety. Implementation of such initiatives should include ongoing monitoring and evaluation.
  • Use of evidence-based clinical guidelines, performing regular audits of caesarean section practices in health facilities and providing timely feedback to health professionals about the findings.
  • Requirement for a second medical opinion for a caesarean section decision in settings where this is possible.
  • For the sole purpose of reducing caesarean sections, some interventions have been piloted by some countries but require more rigorous research:
    • A collaborative midwifery-obstetrician model of care, for which care is provided primarily by midwives, with 24-hour back-up from a dedicated obstetrician
    • Financial strategies that equalize the fees charged for vaginal births and caesarean sections.

Investors Gain N28.26bn as NSE ASI Inches Up Further by 0.13% today

The equities market closed positive at the end of today’s trading session as the benchmark index improved by 0.13% to close at 38,615.11 points. This was mainly due to the buy pressure in bellwether stocks such as GUARANTY (1.78%) and NB (1.2%).

Consequently, the YTD loss improved to -4.11% as market capitalization increased by  ₦26 billion to close at  ₦20.13 trillion. The Sectoral Performance strengthened as three of the five indices under coverage improved, one declined while the Oil & Gas closed flat at 314.21 points.

The Insurance index, the biggest gainer, improved by 1.01%, followed by the Banking (0.81%) and Consumer Goods (0.18%) indices respectively.

On the flip side, the Industrial index was the only loser under coverage, weakened by (-0.02%).

Investor sentiment strengthened in today’s trading session, as market breadth improved to 2.25x from 1.29x. This was illustrated by the advance of 18 stocks, led by  CHAMPION (10.00%) and WAPIC (9.43%), and the decline of 8 stocks, led by CHIPLC (-8.96%) and UNITYBNK (-3.51%).

Activity level weakened as total volume and value decreased by 47.00% and 50.36% as investors exchanged about a 160.44million units of shares worth over N1.40billion respectively.

Investors

Fixed Income

There was mixed sentiment across the bond yield curve as 2 of the 4 bond yields under coverage increased while the FGN-APR-2023 and FGN-JUL-2030 closed flat at 11.72% and 12.52% respectively. The FGN-APR-2024 and FGN-JAN-2026 tenor yields increased by 0.06% and 0.12% respectively.

Treasury bill yields for the 90, 180 and 365-day papers closed at 4.71%, 6.28% and 9.76%.

We expect bullish momentum to persist in the next trading session as the equities market still presents decent opportunities for investors chasing positive real return on investments.

MARKET SNAPSHOT

  • Bullish Sentiment Persists in Local Bourse, NSE ASI Gains 13bps
  • Mixed Sentiment across the Bond Yield Curve
  • Negative Performance in Global Stocks as 4 of the 6 under Coverage Declined 
  • Bearish Performance in Commodities Market
  • Bullish Sentiment in African Stocks