Ecobank Transnational Incorporated Appoints Tomisin Fashina As Group Executive, Operations & Technology

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Ecobank Transnational Incorporated (ETI), a parent company of the Ecobank Group, announces that Tomisin Fashina has been appointed as its new Group Executive for Operations & Technology, a position he will now hold in addition to his existing role of Managing Director of eProcess International.

Ade Ayeyemi, CEO Ecobank Group said: “The rapidly accelerating digital adoption by Africa’s citizenry and businesses, together with the explosion in e-commerce across the continent, is driving transformation throughout the banking and payment sectors.

“Winning across operations and technology is essential for Ecobank Group’s short, medium and long-term success, and is an integral requirement of our ongoing determination to continue to meet the evolving expectations of our customers.

“Tomisin is well experienced to ensure this, and his new role provides him with an overarching view of our operations and technology functions.”

Tomisin has over 30 years of experience, predominantly in technology management and financial services.

Before joining the Ecobank Group, Tomisin was the Chairman of the Board of Directors of Steward Bank Harare Zimbabwe. He has also been Chief Executive Officer for Yookos, a social media company, and has held several positions at Barclays Bank, including General Manager & Head, Transactional Banking Products, and Channels Management and Director, Cash Management & Payments.

Prior to this, at Citigroup South Africa, he held leadership roles in its Global Transaction Services as Division Head & Director, Client Delivery, sub-Saharan Africa; and Division Head, Electronic Banking & Implementation, sub-Saharan Africa.

Tomisin has a BSc degree in Computer Engineering from Obafemi Awolowo University, a Master of Business Administration in Marketing from the University of Lagos and a PhD in Business Management in Leadership from Capella University, Minnesota, USA.

Dr. Fashina succeeds Eddy Ogbogu as Group Executive, Operations & Technology, following
Eddy’s recent retirement after serving the Group for 11 years.

MTV Base To Air Exciting Episode Of Musicology Featuring Masterkraft, Falana, Others

Since 2005, MTV Base has taken up the important role of showcasing the best of Africa’s talent to the world.

From the days of the legendary song,” African Queen” by 2Face Idibia, to the more recent “Way too Big” by Burna Boy, MTV Base has remained one of the biggest supporters of African entertainment.

MTV Base To Air Exciting Episode Of Musicology Featuring Masterkraft, Falana, Others-Brand Spur Nigeria
Masterkraft-Brand Spur Nigeria

Taking its support to a whole new level, the music, lifestyle, and entertainment channel created a quarterly music panel discourse tagged Musicology, which is uniquely designed to look into the different aspects of the music business and the progressive journey of Africa’s music industry.

MTV Base To Air Exciting Episode Of Musicology Featuring Masterkraft, Falana, Others-Brand Spur Nigeria
Falana-Brand Spur Nigeria

Commemorating its groundbreaking entry into the African market, MTV Base will air a special episode of its quarterly music panel discourse, Musicology at 8pm WAT on Thursday, April 1, 2021 on Channels 322 and 72 on DStv and GOtv respectively.

Hosted by its superfly VJ, Ehiz, and themed “Looking back 16 years: The Pan-African Discuss”, this special episode will explore the gaps between ‘old skool’ and ‘new skool’ music.

MTV Base To Air Exciting Episode Of Musicology Featuring Masterkraft, Falana, Others-Brand Spur Nigeria
Osi-Suave-Brand Spur Nigeria

The show will also feature a unique mix of panelists including; professional DJ and Talent Manager for ViacomCBS Networks Africa – Alex Hughes; award-winning record producer – MasterKraft; Singer-songwriter – Falana; as well as On-Air Personalities, Charity ‘Cha Cha’ Owoh of Hot FM and Osikhena ‘Osi Suave’ Dirisu of Beat FM.

What have been the biggest change drivers in the Nigerian music industry over the last 16 years? Are social media challenges harming or helping the African music industry? Tune in to MTV Base DSTV, Channel 322 and GOtv, Channel 72 at 8pm on Thursday, April 1 to hear what our panelists think.

MTV Base To Air Exciting Episode Of Musicology Featuring Masterkraft, Falana, Others-Brand Spur Nigeria
Ehiz-Brand Spur Nigeria

You can join the conversation using the hashtag #MTVBaseMusicology or follow @mtvbasewest on Facebook, Twitter, and Instagram for more information.

About MTV Base

MTV Base is the leading youth media brand inspired by music in nearly 180 countries and 450 million homes worldwide, connecting with over 350 million fans across all social media platforms. A unit of ViacomCBS International Media Limited Africa (NASDAQ: VIAC; VIACA), MTVBase operations span across cable and mobile networks, live events like the MTV Africa Music Awards, reality shows, and music shows. For more information about MTV in Africa, visit http://www.mtvbase.com.

MTV Base To Air Exciting Episode Of Musicology Featuring Masterkraft, Falana, Others-Brand Spur Nigeria
Charity-Owoh-Brand Spur Nigeria
MTV Base To Air Exciting Episode Of Musicology Featuring Masterkraft, Falana, Others-Brand Spur Nigeria
Alex-Hughes-Brand Spur Nigeria

COVID 19: Driving Organizational Success Through Project Management

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A recent report published by the Project Management Institute (PMI) from its 2020 Pulse of the Profession data, shows that on average, about 11.4% of investment is wasted as a result of poor project performance.

According to the research, many companies lack mature project management as a strategic competency for driving change, exposing them to failure two times more than the companies that are efficiently managing their projects.

COVID-19 has ushered in a new reality that we face; lockdowns, economic loss, businesses working remotely and the uncertainty of when the global pandemic will be over. Even before COVID-19, the workplace was already undergoing rapid, disruptive change; now organizations need to adapt to entirely new ways of working in order to succeed in a post-pandemic world.

Amidst this environment of uncertainty and ambiguity, organizations without a project management structure in place are likely to lose more investments than ever before.  The Pulse of the Profession analysis highlights that organizations that underestimate project management as a strategic competence to implement change report an average of 67% more of their projects failing.

In light of the challenges posed by the pandemic, it has become more crucial than ever for organizations to develop a contingency plan that will ensure ongoing success. It is essential to be aware of risks while addressing temporary threats. It pays to understand information technology and use mature project management practices to ensure proper change implementation without exposing the business to avoidable risks.

Project professionals play a crucial role in ensuring that analysis is organized and risks prioritized. Findings from this analysis will reveal all areas that need improvement and allow business leaders to make decisions on how to mitigate threats. Project managers must cultivate the right blend of practical knowledge, people-centered “power skills”, and experience to ensure the proper coordination and efficiency of teams and projects during this time that remote working is the order of the day.

Speaking on the new work ecosystem that has emerged, George Asamani; business development lead, Africa at the Project Management Institute (PMI) said, ‘‘The pandemic has transformed our lives, reshaping industries and revealed threats that none of us would have thought possible a year ago. Individuals and enterprises alike will need to adapt to a new work ecosystem in order to succeed in a post-pandemic world. They must become “gymnastic” and adopt an agile mindset, proactively shape the future rather than wait for change and refresh skillsets or require new ones in order to complete projects successfully”.

“PMI is helping both enterprises and individuals master the skills and capabilities necessary to operate in this new work ecosystem – and ensure outcomes are achieved, even in the face of daunting challenges” he added.

No doubt, the ongoing global pandemic somewhat offers an opportunity for extraordinary change and disruption that is driven by technology. There is so much talk  about the adoption of Artificial Intelligence (AI). Without the right skills in place, organizations will be left behind. Future-fit organizations are not only willing to reimagine their vision and purpose, but also eager to adopt new ways of thinking that will allow them to thrive in The Project Economy, the emerging paradigm in which work is increasingly oriented around projects and project-based work.

Organizations with the knowledge that project management is key to their business have benefited from keeping up with the evolving demands in the marketplace, they have been able to maintain pace with technology in a world where digital transformation is impacting all aspects of work. These organisations are also readily prepared for future shocks to the system – such as the next COVID-like global crisis – that are yet to be predicted.

Instead of looking to the past, it is critical that organizations increasingly shape their own future and embrace change, rather than trying to avoid it.  In the post-COVID era, business will never go back as usual. A lot of organizations have come to adopt the idea of working remotely or incorporate a hybrid solution. This will necessitate the need for up-skilling talents to ensure they are capable of delivering on projects end to end because projects are embedded in our daily life.

 

Fidson Healthcare PLC N4.5 Billion Series I Commercial Paper Issuance

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Fidson Healthcare Plc (“Fidson” or the “Company”) has successfully issued a 44.5 billion Series 1 Commercial Paper (the “Issue”) under its MO Billion Programme registered with the FMDQ Securities Exchange Limited.
The Issue was Fidson’s debut issuance in the Nigerian debt capital market.
The offer attracted significant interest from a wide range of investors, resulting in 150% subscription level, which is an indication of investor confidence in the Company and its Management.
Reporting on the successful issuance, Mr. Imokha Ayebae, Chief Financial Officer of Fidson, stated that “Since its inception in 1995, Fidson Healthcare Plc. has remained committed to the growth of the healthcare sector in Nigeria.
Issuing Commercial Paper at this time in our Company history is a strategic move that aligns with our vision to be the preferred healthcare provider in the pharmaceutical manufacturing industry in Nigeria and West Africa. Issuances via Commercial Paper notes will further broaden the Company’s sources of capital and reduce our overall funding costs.
Proceeds from this will be used to meet the company’s short-term working capital requirements which are geared towards providing quality products to our valued customers.”
FSDH Capital Limited and CardinalStone Partners Limited acted as Joint Arrangers and Dealers to the Issue.

Sanofi To Build New Facility In Canada To Increase Global Availability Of High-Dose Influenza Vaccine

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Sanofi has announced an investment of more than €600 million in a new vaccine manufacturing facility at its existing site in Toronto, Canada.

The investment in a new facility will provide additional antigen and filling capacity for Sanofi’s Fluzone® High-Dose Quadrivalent influenza vaccine, helping to increase supply availability in Canada, the United States and Europe.

“As a leading vaccines Company, we continuously look ahead to address the fast-growing demand for those influenza vaccines that have demonstrated clinical superiority against standard-dose vaccines. Fluzone High-Dose provides a long-term competitive advantage and this new investment will ensure more seniors around the world are better protected against influenza and its complications.

“In addition, it will be a key resource to assist against future pandemics,” said Paul Hudson, Chief Executive Officer, Sanofi. “We welcome the ongoing partnership with the Canadian authorities, who supported us to make today’s great news a reality; this will make the country, which has a strong legacy in vaccines research and development, one of our key hubs in our effort to protect and improve human health across the globe.”

François-Philippe Champagne, Minister of Innovation, Science and Industry said, “Today’s announcement demonstrates Canada’s ability to attract foreign investment and to develop facilities with made-in-Canada solutions. This once-in-a-generation investment shows our government’s commitment to rebuilding Canada’s domestic biomanufacturing sector, focusing on both short-term strategic solutions and a long‑term vision.

“By investing in this project, our government is helping to keep expertise in Canada, creating and maintaining highly skilled jobs, and securing the health and safety of Canadians. By fostering an environment where companies can invest and grow, leading life sciences firms like Sanofi are increasingly looking to this country to establish their manufacturing facilities,”

Sanofi expects this new facility to be operational in 2026, following design, construction, testing and qualification of the facility and equipment.

Fluzone High-Dose Quadrivalent influenza vaccine is currently manufactured exclusively by Sanofi Pasteur, Sanofi’s vaccines global business unit, at its Swiftwater, Pennsylvania Site in the United States. Sanofi Pasteur has been continuously investing in expanding manufacturing capabilities for influenza vaccines. Two new, additional facilities in Swiftwater, Pa., US and Val-de-Reuil, France will start to operate in the coming years.

Editors Note:  This investment in a new vaccine manufacturing facility further demonstrates Sanofi’s overall growth strategy, with vaccines contributing as a key growth driver through differentiated products, market expansion and new launches.

About Fluzone High-Dose Quadrivalent influenza vaccine

Fluzone High-Dose Quadrivalent influenza vaccine is available in the United States and some European countries, and will be available in Canada in 2021, for use in adults 65 years and older, and has also been approved in Australia. The vaccine has received marketing authorizations in 25 countries in Europe (under the name Efluelda® outside of the UK) for use in adults 60 years of age and older.

The high-dose vaccine has four times more antigens than the standard-dose vaccine and is specifically designed to provide superior protection against influenza for older adults.ii Older adults have an elevated risk of pneumonia, heart attack, and stroke following influenza and are at the greatest risk of influenza-related hospitalization and death.

Sanofi Pasteur’s High-Dose influenza vaccine has earned recommendations for use over standard-dose influenza vaccine in individual adults 65 years and older by the National Advisory Committee on Immunization (NACI) in Canadaiii, along with a recommendation for priority use in people 60 years of age and older by Germany’s Standing Committee on Vaccination (STIKO).iv Fluzone High-Dose Trivalent influenza vaccine demonstrated superior protection against influenza in adults aged 65 and above compared to standard-dose formulationv.

About the Sanofi Pasteur Canadian Facilities

Founded as the Connaught Antitoxin Laboratories and University Farm in 1917, Sanofi Pasteur’s Canadian facility has supported numerous scientific breakthroughs while making significant public health contributions. One hundred years ago, the Toronto Site was home to some of the initial research for the discovery of insulin, as well as large-scale commercial insulin production for all of Canada until the 1980s. It also produced a highly accessible antitoxin for diphtheria, the leading public health threat to Canadian children in the early 1900s, and was an important partner in the eradication of polio in North America and smallpox around the world.

In 2018, Sanofi made another historic investment at the Toronto Site, to establish one of the most advanced vaccine bulk manufacturing facilities in the world. At the time, this was the largest investment ever made by Sanofi globally, at approximately €335 million. This manufacturing facility will produce seven antigens: five-component-pertussis, plus diphtheria and tetanus, to help meet global demand for more life-saving vaccines for children and adults worldwide. License approval for the United States and Canada is expected in 2024 for the five-component-pertussis and in 2025 for diphtheria and tetanus.

Sanofi Pasteur’s commitment to improve influenza prevention

As the leading manufacturer of influenza vaccines, Sanofi Pasteur is committed to researching and developing differentiated and proven solutions to protect people of all ages and risk groups against influenza and its complications.

During the 2020-2021 influenza season, Sanofi Pasteur supported health authorities in efforts to strengthen influenza vaccination campaigns in the unique context of the COVID-19 pandemic. Sanofi Pasteur delivered 20 percent more doses this year, reaching an unprecedented production level of 250 million doses, across its influenza vaccine portfolio. Eight countries in Europe, and Israel, procured Fluzone High-Dose Quadrivalent in 2020 – through special importation – to provide additional protection to their older citizens

Sanofi Pasteur produces influenza vaccines each year across five international sites: Swiftwater (Pennsylvania, United States), Pearl River (New York, United States), Val-de-Reuil (France), Ocoyoacac (Mexico) and Shenzhen (China). This makes Sanofi Pasteur the largest manufacturer of influenza vaccines in the world.  

100 Happy New Month Messages, Wishes, Prayers For April 2021

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Welcome to the month of April, the fourth month of the year 2021. A happy new month to you, your friends, and your family from Brand Spur Nigeria.

Being a new day of a new month, many expect good wishes from their friends, family members, and loved ones, hence, a need to compile one.

Below are 100 Happy new month messages, new month prayers,  new month wishes to send to your friends and family members

1. May you get to the zenith of life and access every good thing of life this month my dear. You are too loaded to be stranded.

2. The Destiny of sugarcane is to be cut at the time of its sweetness May you not be cut off at the time for u to flourish & Prosper You will Fulfil your destiny in Jesus Name Happy New Month.

3. Wishing you a fabulous new month, a month with new experiences waiting for you. Happy New Month

4. I love to talk to you at this moment, before the start of the new month. Now i am sure, my month will be very good. You are always lucky for me. Happy New Month…

5. May your tomorrow be brighter, May this new month be more successful, I wish this month brings more inspiration and love in your life, Happy new month.

6. Our God is a mighty God. He is the God of each year, God over weeks, and God over year. He will make everything work for you. He will surprise you and give you the best of Happiness. Happy New Month.

7. Just Like the Eagle, You’ll fly Like Gold, You will be Valued Like the Sun, You shall shine bright Like the river, You shall flow unlimited Like the Palm Tree, You shall Flourish and like Money, You shall be Useful. Happy New Month.

8. Always welcome the new day of the new month… As it boosts our capabilities and energies to achieve anything. It brings new hopes, new strength so buckle up for a better future. Happy New Month.

9. With let’s twist a fresh sheet with the perfume of fresh rainwater. Let’s overlook earlier period errors making the punishment for this month. Transfer you these good wishes to carry you trust and joyfulness. Happy New month!

10. Always look forward to your future. Fill your eyes and heart with motivation, Push yourself and boosts your capabilities to achieve what you want, May you gain confidence and believe in what you do, Wish you a happy Month.

11. Just Like the Eagle, You’ll fly Like Gold, You will be Valued Like the Sun, You shall shine bright Like the river, You shall flow unlimited Like the Palm Tree, You shall Flourish, You shall be Useful. Welcome to a new month.

12. Forget about the days and night, ups and downs, good and bad of the previous month. Its time to launch your hope for the best. Wish you the best New Month ahead.

13. Here is the wish for you for the new upcoming month. May this month be the best and happy month for you. Happy New Month.

14. In this new month, Your Joy will be complete, Victory Songs will not cease from your Mouth and Each New Day will bring you closer to the Fullness of your Destiny.

15. Hey, Buddies, this is the opening day of the new month And it preserves to be a new create of your life as well. Take a lengthy breathing and begin Going advance towards your purpose. Best of good fortune. Happy New Month!

16. Pray to God at the start of the month so that He will help you in every matter of life throughout the month. Have a Nice New Month.

17. Forget the last and welcome new month with whole your heart. May you have sunny days and calm nights ahead. Happy New Month.

18. New month, new challenges, new hopes, new goals…I hope you beat every challenge and achieve your goals this month successfully. Happy New Month.

19. Always look forward to your future. Fill your vision and mind with motivation, Project yourself and boost your capabilities to achieve what you want, May you gain confidence and believe in what you do, Wish you a happy Month.

20. Life is too short. Enjoy and have fun. Forgive your friends. Love by heart. Laugh out loud. Do everything that makes you smile. Enjoy New Month and Be Cool. Wish you a warm, Sweet and happy New Month. This month, make a plan to spend quality time with your loved ones and with me too. Happy New Month.

21. Pray for God’s direction at the start of the month so that He will help you in every aspect of your life throughout the month. Have a Nice New Month

22. As the new month begins, Here are my wishes for you: May this month keep you healthy, May you achieve all of your daily targets; May you remain happy and whole; May this month be better than all of the previous months of this year! Happy New Month to you.

23. Forget about the days and night, ups and downs, good and bad of the previous month. Its time to launch your hope for the best. Wish you a best New Month ahead.

24. Happy new month wishes from us! May these days not go to waste, make every second count, and don’t let anyone make you negative or unhappy, because as they say “Happiness is the only thing worth fighting for in your life! Happy New Month my dear”

25. As the new month starts, Here are my wishes for you, May this month keeps you healthy, May you be achieving target every day, May you remain happy the whole, May you learn new things every day, May this month be better than all of the previous months of this year! Happy New Month.

26. As long as there is God in Heaven, you will never know shame but joy everlasting. A happy new month to you.

27. Every spirit working to re-position your destiny shall perish by fire and you shall overcome all challenges in this month.

28. This shall be your best month and the following months shall be better. Enjoy the best of the month!

29. Of all that will testify around you at the end of this month, you shall take the lead. Happy new month to you.

30. Your wealth and miracles will arrive this month, and your peace and joy shall be permanent. Happy birthday to you.

31. As from today, you will rise above limitations and you shall testify to God’s goodness in all that concerns you. Happy new month.

32. Your success this month shall attract celebrations. Watch out for the best. Happy new month.

33. The devil will not hack into the secret of your success this month and forever. Have a blessed month.

34. The evil ones shall not manipulate the password to your JOY and FAVOUR this month. Enjoy the best of the month.

35. YOU and your FAMILY are born to win and rule and so shall your testimony be this month. A happy new month to you and yours.

36. Remain blessed. Remain unshaken. The Lord has got your back this month. A happy new month to you.

37. I see this month answering all your heart desires. Be expectant. Happy new month.

38. This month, your expectations shall not be cut short and your testimony shall not be hindered. Happy new month.

39. In all that you will do this month, God shall be your guide. You shall succeed. Happy new month.

40. Don’t worry about the past months, this month will end in praise. Just be hopeful. Happy new month.

41. As we watch the day unfolds and nobody is able to stop it, so shall your hopes, dreams, and aspirations be unstoppable this month and beyond. Do have a happy new month.

42. By the end of this month, everything will turn around for your good. Watch it and believe it! Happy new month to you dear.

43. In this month and beyond, you shall be a point of reference, a channel of blessings, a symbol of desirable successes and a celebrated achiever. Happy new month.

44. Stay permanently blessed and have a blissful month. It’s your month of joy and laughter. Happy new month, dear.

45. In this new month, the voice that parted the Red Sea shall make a way for you where you think there is no way. Happy new month, dear.

46. The Lord that brought water out of rock will open the doors of unimaginable blessings for you this month and beyond. Happy new month to you and your family.

47. By the grace of God, every unpleasant event shall answer to a miracle this month. Have a blessed month.

48. This month among your peers, fresh testimonies shall be your portion. Enjoy every moment of the new month.

49. This new month and beyond accelerated favour shall locate you and irreversible success shall be your daily experience. Best of the month to you!

50. In this new month and beyond you shall laugh over every situation and tears of sorrow shall never drop from your eyes. Have a blessed month.

51. I Wish you a happy new month with lots of blessings and fulfilments. This new month has a lot of glory for you in-store. What you lost last month you shall regain this month. Happy New Month!

52. This new month shall take back all the negativities of the past months and bestow upon you the abundance of positivities and make your life more fabulous than it was. I wish you the best in this new month.

53. This New Month shall embrace you with loads of love and decorate you with colors Of blessings like a rainbow to make your life worth the best in the world. Happy New Month, dear!

54. If you didn’t achieve what you wished and hoped for last month, don’t worry. Another new month is here for all your unfulfilled wishes and expectations to come to pass. Happy New Month.

55. Unlike other months, this New Month will not only make you older but will also make you wiser and greater. Welcome to the month of greatness. You are a blessing to me. Happy New Month.

56. New Month, New Hope, New Blessings, New Life, New Fulfilment, New Health New Goals, New Joy, New Songs, and New Challenges. This New month you shall conquer every challenge that crosses your path and achieve your goals. Happy New month.

57. This New Month shall bring a plethora of changes in your life. These changes shall be positive changes. It will move your life to a greater height. I want you to expect everything to turn around for your good. Happy New Month, my dear.

58. Here is another New Month. The newness of the month shall bring you unlimited happiness. This month shall rain blessings on you. This New month shall mark the beginning of God’s work in your life. I wish you a lovely and Happy New month.

59. This New Month you shall be as bright as the moon, you shall shine like the sun. You will be of value like Diamonds. This New Month shall bring you divine blessings. I wish you a pleasant and happy new month.

60. May This New Month Bring you Happiness, Success, and a life filled with Peace, Hope, and the Togetherness of your Family and Friend. I wish you a Happy New Month.

Happy New Month Prayers

61. Wishing you a New Month that is Sparking with Fun and Masti, Bursting with Joy and Love and crackling with Cheers and Laughter! Happy New Month. Have a blast.

62. May this brand New Month discover and make you Fresher, Happier, Healthier, More Joyful, More Cheerful and More Satisfied. I wish you a Happy New Month.

63. Somethings may be left undone, and some words may be left unsaid. Some feelings may be left unexpressed, but a person like you can never be forgotten. I wish you a Happy New Month.

64. Lighten up your environment with your brightest smiles and make way for cheers with your good deeds this New Month. It’s going to be a month of blessing and fulfillment. May the rest of your days be memorable.

65. May this New Month bring you Happiness, not Tears, Joy and not Sorrow. Always remember that in this New Month, all your problems must meet its end. Have a lovely New Month.

66. May this New Month fill your heart with Love, Hope, Faith, Cheers, Happiness, Tranquility, and peace. I wish you a Happy New Month devoid of pains!

67. In this New Month, may God bless you with style to convert all your dreams which you couldn’t achieve these past months into reality in this New Month. I wish to say a Happy New Month to you.

68. Do away with Hate, Lust, Jealousy, Grudge, Animosity, Greed from your heart this New Month and replace them with Love, Commitment, Support, Compassion, Honesty, and Contentment, I wish you a very Happy New Month.

69. In life, there is a season for everything, a time to be Sad and a time to be Happy. I pray that this New Month brings to you happiness and joy forever and ever. I wish you a lovely New Month.

70. On my way to this month, I met Peace, Happiness, Harmony, Love, Good Health and Joy. They needed a permanent site to erect their structures. So I gave them your address, and I hope they will arrive safely. Happy New Month.

71. May the light of greatness shine upon your life this New Month and fill your days with the blessings of Peace, Happiness, and Goodwill. Happy New Month.

72. I wish you a month of Happiness, Success, Peace, Prosperity, Good Health and Wealth, Also a New Month of Love and Laughter. Happy New Month.

73. May this New Month Open up for you Good Ways, Fill your heart with New Hopes and bring for you Promises of Better Days! I wish you a Happy and Prosperous New Month!

74. I pray that throughout this New Month may your life be filled with the celebration of Happiness and Joy. I wish you a Joyous, Happy and Prosperous New Month with God’s Blessings. Happy New Month.

75. It’s a New Month! I pray that this New Month brings the warmth of love and lead your path of life towards a positive direction that will bring out the best of you. Happy New Month.

76. I Hope this New Month reignites your hopes and courage, alongside the passion and zeal to achieve your desires. I wish you all the best this month could offer. Happy New Month.

77. May this New Month strengthen you with the courage and zeal to conquer your challenges and convert them to positivity. I wish you greater heights this New Month. Happy New Month, dear.

78. In this New Month, may you view the world with a positive outlook, speak your heart out with confidence, listen to others as well as your inner voice and you will be on the right road in the right direction. Happy New Month.

79. May you be blessed abundantly to spend this New Month with your parents, friends and loved ones. Be grateful, and you will have only good things come your way this month. Happy New Month!

80. To put an end to something old, we have to start something new, that is the reason why last month ended for this new month to start. I wish you a Happy and Lovely New Month with a joy-filled heart. Happy New Month.

81. Hope you scatter joy and happiness wherever you go this New Month and get the same in return. I wish you greatness and more grace this New Month. Happy New Month to you!

82. Every New Month gives us the perfect opportunity to start something new and fresh. So do your bit this New Month and make the world a better place for yourself and others. Happy New Month!

83. May God bless you and keep you protected and in good health so that you can witness many more such New Months! But first of all, enjoy this New Month and stay happy! Happy New Month, my dear.

84. Even though last month presented to you various obstacles and hurdles, be proud that you managed to overcome all and cross the bridge to another New Month. May you continue to be this firm and win over all your shortcomings. Happy New Month.

85. May this New Month bring you a peace-filled life, warmth, and togetherness in your family and much prosperity! Happy New Month!

86. When the New Month arrives, it brings along sets of new ideas and ways to make our lives from good to better and ultimately from better to best. Happy Lovely New Month.

87. I wish that this New Month turns out to be an exceptional one for you, filling each day with a peak of health, an abundance of happiness and sunshine, bountiful luxury and prosperity and Zen-like serenity.

88. May God spread the peace all around and bring success to you and everyone around your life this New Month. Happy New Month.

89. May you experience the delight of love that will calm all tears away, bring genuine companions to stroll close to you, through every single day of this New Month. Happy New Month!

90. May this New Month be brighter than the past one, enveloped in goodness and wellbeing, bliss and endowments. Happy New Month.

91. Let this New Month give you all the strength and courage to conquer Negativity and convert them to enhance your positivity. Happy New Month.

92. In this New Month may we continue to share the genuine relationship that adds happiness and brings warm blessings to our lives. Happy New Month.

93. Have it at the back of your heart that each day of the New Month would keep making your good to get better and your better to become best. Happy New Month.

94. In this New Month, I wish you to have the zeal and courage to struggle and achieve your dreams and also may the blessings of the Almighty help you emerge a conqueror as you strive. Happy New Month.

95. May this New Month be filled with adoration, happiness, and cheers, and may you pass them on to those who live around you too. Happy New Month.

96. Just like a new bloom spreads fragrance around, let this New Month also fill your life with Happiness, Cheers, Joy, and Hope. Happy New Month!

97. Learn from your mistakes in the past months so that you can avoid them in this New Month. My wish for you this new month is for things to go your way and keep that awesome smile on your face all through the New Month.

98. The old month is gone and a New Month is just right in front of us. May you meet all the opportunities that it has to offer so you can use them in gratifying your hopes and desires. Happy New Month.

99. This New Month may you always be at war with your vices and peace with your virtues and may each day of this New Month make you a better and more exceptional person. Happy New Month.

100. We are already in a New Month. As you look forward to witnessing the glory of this New Month, may It bring with it more fulfilled promises. Happy New Month!

Please note that the messages contained in this article were not by this author but were taken from different sources and edited where necessary.

UAC Advanced Revenue By 2.7% to ₦81.4Billion, Gross profit Dropped By 3.8%

UAC releases Audited Financial Results for the year ended 31 December 2020, announces N7.1billion capital return to shareholders.

Lagos, 31 March 2021 UAC of Nigeria PLC (UAC) announced its audited results for the year ended 31 December 2020.

Highlights

  • Revenue 3% ahead of FY 2019, despite COVID-19 related disruptions.
  • Gross margin 134bps lower due to limited sales during the Q2 2020 restrictions to the movement of people and goods, as well as, higher input costs.
  • Underlying operating profit 26% lower at ₦3.6 billion, largely on account of the Paints segment.
  • Total profit for the period was ₦3.9 billion, a reversal from the ₦9.3 billion loss reported in FY 2019.
  • Earnings per share was 92 kobo, up from negative 183 kobo in FY 2019.
  • Total dividend of 120 kobo per share (₦3.5 billion) comprised of an ordinary dividend of 65 kobo and a special dividend of 55 kobo per share. This translates to a dividend yield of 13.8%.

Group Performance and Financial Review: FY 2020

Revenue in FY 2020 increased 2.7% YoY to ₦81.4 billion supported by sales growth in the Animal Feeds & Other Edibles segment (+4.6% YoY), the Packaged Food & Beverages segment (1.8%) and the Quick Service Restaurant Segment (1.8%). These segments were deemed essential services during the period of stringent restrictions to the movement of people and goods to curtail the spread of COVID-19.

Gross profit in FY 2020 declined 3.8% YoY to ₦16.0 billion as a result of limited sales during the strictest phase of the restrictions to the movement of people and goods (April and May), and higher input costs.

Operating Profit was ₦3.6 billion in FY 2020 compared to ₦5.7 billion in the previous year. Adjusting for non-recurring income in 2019 from the sale of non-core real estate assets (₦631 million) and the writeback of statute barred unclaimed dividend (₦206 million), underlying FY 2020 EBIT declined 25.8% YoY to ₦3.6 billion in 2020 versus ₦4.8 billion in 2019.

The decline was largely attributable to the Paints segment which was categorised as “non-essential” and was impacted by reduced sales in April and May, as well as input cost escalation partly attributable to foreign exchange devaluation, supply chain disruptions which impacted raw material sourcing, and rising employee costs on account of initiatives to strengthen management teams across the Group.

Underlying Profit before Tax was 23% lower YoY at ₦5.1 billion in FY 2020 on account of lower operating profit and steep decline in net finance income (-69.0% YoY) on account of lower investment income yields compared to the prior year. The decline in net finance income was offset by the share of profit of associates of ₦973 million earned from MDS and UPDC, largely attributable to a non-cash, mark to market increase in the fair value of UPDC REIT.

UACN: Solid Quarter on the Back of Improved Market Share

Profit after Tax from continuing operations was ₦3.5 billion, down 35.3% YoY against ₦5.3 billion in FY 2019. Total profit for the period was ₦3.9 billion in FY 2020, a reversal from the ₦9.3 billion loss reported in FY 2019. Earnings per share for FY 2020 was 92 kobo, up from negative 183 kobo in FY 2019.

Free Cash Flow for the period was negative ₦3.0 billion in FY 2020, compared with negative ₦5.6 billion in FY 2019. Free cash flow in FY 2020 improved significantly on account of the ₦4.2 billion gain from the change in net assets of disposal group held for sale, as a result of the sale of controlling stake in MDS and UPDC.

Free cash flow was also impacted by higher net capital expenditure YoY (+71% increase to ₦4.4 billion in FY 2020) from investments in production capacity and cold chain distribution for the Packaged Food and Beverages segment.

Return on Equity (ROE) from continuing operations at the end of December 2020 was 5%, a reversal from negative 10.6% as at the same period last year. Return on Invested Capital (ROIC) was 103bps lower at 5.9% (6.9% in FY2019).

Subsidiary and associate company highlights

  • Completed partial exit from UACN Property Development Company PLC (“UPDC”). Received N6.6 billion cash proceeds and 649,392,661 UPDC Real Estate Investment Trust (“UPDC REIT”) units valued at N3.6 billion. UPDC and UPDC REIT are now classified as investments in associates.
  • Divested an 8% stake in MDS Logistics Limited (“MDS Logistics”) to our joint venture partner, Imperial Logistics. This reduced UAC’s ownership from 51% to 43%. MDS Logistics is now classified as an investment in associate.
  • Chemical and Allied Products PLC (“CAP”) and Portland Paints and Products Nigeria PLC (“Portland Paints”) announced plans to merge.

Proposed corporate actions

o  Unbundling of UPDC REIT units, valued at N3.6 billion, to UAC shareholders was approved by the Board of Directors. Completion is subject to regulatory and shareholder approvals as well as the sanction of the court.

Commenting on the results and corporate actions, Group Managing Director, Fola Aiyesimoju, stated:

“UAC’s objective is to generate attractive long-term, risk-adjusted returns for our shareholders. I am delighted that the Board approved ₦7.1 billion in capital returns to shareholders via a mix of dividends and REIT units totalling N2.47 per share or a 28.3% return at current market values.

Over the last 12 months, we faced a recession, civil unrest, and significant changes to the way we work due to the COVID- 19 pandemic. In spite of these headwinds, we executed our key priorities, implemented initiatives relating to UPDC, strengthened management, and returned the Group to profitability.

As part of the partial exit from UPDC, we received ₦6.6 billion net cash proceeds and 649 million UPDC REIT units valued at ₦3.6 billion. I am excited that we are unlocking value for our shareholders via a special dividend, as well as, the unbundling of UPDC REIT units which, if approved by regulators, shareholders and sanctioned by the court, will see UAC’s shareholders become direct holders of units in UPDC REIT.

Going forward, our focus remains on creating shareholder value and we continue to prioritise growth, scale, and simplicity to achieve this. We will explore acquisitions as an avenue to accelerate growth.”

UAC of Nigeria: Topline growth and improved margins drive underlying earnings growth in Q3

Corporate Action: Proposed Unbundling of UPDC REIT Units

Consistent with our commitment to create sustainable shareholder value, the Board of Directors is pleased to announce its decision to unbundle its 24.34% interest in UPDC Real Estate Investment Trust (649 million units valued at N3.6 billion) to UAC shareholders.

Following the unbundling, UAC will no longer own any UPDC REIT units, and UAC’s shareholders will become direct holders of UPDC REIT units. The allocation ratio of 0.2254 will see UAC shareholders receive 226 UPDC REIT units for every 1,000 UAC shares owned, providing UAC shareholders with a capital return of N1.27 per share or 14.5% based on the respective market prices of UAC and UPDC REIT as at 29 March 2021.

The proposed initiative will provide shareholders with direct exposure to UPDC REIT and its diverse portfolio of income generating assets, ensuring that shareholders directly benefit from future potential dividend distributions from the UPDC REIT.

Implementation framework: The transfer of UPDC REIT units to UAC’s shareholders will be implemented through a Scheme of Arrangement under Section 715 of the Companies and Allied Matters, Act, 2020 as amended (“CAMA”), incorporating a reduction in share capital under Section 131 of CAMA.

The effect of the scheme will be that UPDC REIT units owned by UAC will be transferred to UAC’s shareholders, pro-rata to their shareholding in UAC. If the Scheme is approved and implemented, UAC’s shareholders will hold UPDC REIT units in addition to their existing shares in UAC. UAC will cease to be a unitholder in UPDC REIT.

The announced plan is subject to the review and approval of regulators, UAC shareholders at a court-ordered meeting, as well as the sanction of the court. Accordingly, shareholders and the investing public are advised to exercise caution when dealing in the securities of UAC and UPDC REIT. Further updates will be communicated accordingly.

Animal Feeds and Other Edibles

Revenue from the Animal Feeds and Other Edibles segment increased 4.6% YoY to N54.2 billion in FY 2020. Price increases, as well as volume growth, across major categories to offset higher input costs primarily contributed to the 17.7% increase in YoY EBIT to ₦2.1 billion (FY 2019: ₦1.8 billion). The segment recorded a ₦1.7 billion Profit before Tax in FY 2020, against a ₦990 million Profit before Tax in FY 2019.

Paints

Corporate Action: On 26 October 2020, Chemical and Allied Products PLC (CAP) and Portland Paints and Products Nigeria PLC (Portland Paints) announced their intention to merge their respective businesses. The boards and management of CAP and Portland Paints expect the proposed merger to be value accretive to stakeholders of both companies. The respective minority shareholders of both companies approved the merger at separate court-ordered meetings on 18 February 2021. Completion is subject to final regulatory approvals and court sanction, expected in Q2 2021.

Financial review: The Paints segment reported revenue contraction of 5.4% YoY to ₦10.4billion in FY 2020. The decline in revenue was largely a result of lower sales as this segment was categorised as “non-essential” and was impacted by COVID-19 related restrictions particularly in April and May 2020. Operating profit was 45.3% lower at ₦1.2 billion as a result of losses during the period of no sales, higher royalties, and rising input costs. Profit before Tax of ₦1.5 billion in FY 2020 was 45% lower than FY 2019.

Packaged Food and Beverages

The Packaged Food and Beverages segment recorded revenue growth of 1.8% YoY in FY 2020 of ₦17.9 billion (FY 2019: ₦17.5 billion). Lower volumes in the snacks category on account of movement restrictions and the partial shutdown of markets to curtail the spread of COVID-19 in Q2, were offset by higher volumes in water and ice cream categories, as well as, increased sales in the snacks category in Q4 pls due to sales and marketing efforts.

Operating profit increased by 13.3% to N1.4 billion (FY 2019: N1.2 billion) on account of lower operating costs. Profit before Tax declined by 12.0% to ₦1.4 billion on account of lower finance income.

Quick Service Restaurants

Revenue from the Quick Service Restaurants segment grew 1.8% YoY to ₦1.53 billion in FY 2020 from ₦1.50 billion in FY 2019 on account of an increase in the number of company-owned restaurants (corporate stores). The segment recorded a ₦48 million operating loss in FY 2020 as a result of higher cost of sales and operating costs. UAC Restaurants recorded a ₦57 million Loss before Tax in FY 2020, against a ₦75 million Loss before Tax in FY 2019.

Associate: Real Estate (UPDC – 43% ownership)

Corporate Action:

Sale of 51% stake: On 3 August 2020, UAC entered into a binding agreement with Custodian Investment PLC regarding the acquisition of a 51% stake in UPDC to be completed in two tranches. The first tranche, representing a 5.1% stake was completed in September 2020.

The sale of the second tranche of UPDC shares representing a 45.9% stake was concluded on 17 November 2020. UAC received N6.6 billion in cash proceeds and retains a 42.85% stake in UPDC.

Unbundling of UPDC REIT units: In 2020, UPDC embarked on a process to unbundle its holdings in UPDC REIT to its shareholders. This initiative was aimed at maximising returns to all UPDC’s shareholders by providing direct access to the steady and regular dividend distributions of UPDC REIT. UAC, as a shareholder of UPDC, received 649,392,661 UPDC REIT units, representing a 24.34% stake, valued at N3.6 billion as at 31 December 2020.

Financial review: UPDC’s FY 2020 revenue was ₦1.7 billion, 22.9% lower than FY 2019 as a result of challenging operating environment exacerbated by the ongoing pandemic. Revenue declined on account of lower sales of properties at ₦1.3 billion compared to FY 2019 of ₦1.7 billion (-24.8%), lower rental income and management fees at ₦96 million compared to FY 2019 of ₦167 million (-42.3%).

The segment recorded an operating loss of ₦713 million in FY 2020, an improvement compared to operating loss of ₦1.3 billion in FY 2019 due to improvement in gross profit from inventory write back.

Although the company incurred net finance costs of ₦1.5 billion (-43.4% lower YoY) and provision for First Festival Mall loan guarantee of ₦940 million, the fair value gain of ₦2.9 billion, earned on the Company’s asset disposal group held for sale contributed to UPDC recording a ₦263 million Loss before Tax in FY 2020, an improvement of 98.4% against a ₦16.2 billion Loss before Tax in FY 2019.

Associate: Logistics (MDS Logistics – 43% ownership)

MDS Logistics’ FY 2020 revenue increased 40.3% YoY to ₦8.0 billion from ₦5.7 billion driven by increase in demand for haulage services. Operating profit increased 15.9% YoY to ₦875 million (FY 2019: ₦755 million) resulting in EBIT margin of 11% in FY 2020, a 231bps compression compared to the prior year on account of higher cost of sales.

Profit before Tax of ₦388 million in FY 2020 was 44.8% lower than FY 2019 (₦703 million) as a result of increased finance costs incurred on a loan to fund recent capital expenditure to support the haulage business. Profit after Tax was ₦289 million in FY 2020.

Online Education Provider Coursera Raises $484M From IPO At $33 Per Share

03/30/2021 Coursera, Inc. today announced the pricing of its initial public offering (IPO) of an aggregate of 15,730,000 shares of its common stock at a price to the public of $33.00 per share. The offering includes 14,664,776 shares of common stock to be issued and sold by Coursera and 1,065,224 shares of common stock to be sold by the selling stockholders.

The shares are expected to begin trading on The New York Stock Exchange under the ticker symbol “COUR” on March 31, 2021. The gross proceeds of the offering to the Company, before deducting underwriting discounts and commissions and other offering expenses, are expected to be $483.9 million, excluding any exercise of the underwriters’ option to purchase additional shares.

Online Education Provider Coursera Raises $484M From IPO At $33 Per Share

Coursera will not receive any proceeds from the sale of shares of common stock by the selling stockholders. The offering is expected to close on April 5, 2021, subject to customary closing conditions.

Coursera has granted the underwriters a 30-day option to purchase up to 2,359,500 additional shares of common stock at the initial price to the public, with fewer underwriting discounts and commissions.

Online Education Provider Coursera Raises $484M From IPO At $33 Per Share

Morgan Stanley and Goldman Sachs & Co. LLC are acting as lead book-running managers for the offering. Citigroup and UBS Investment Bank are acting as additional book-runners, and KeyBanc Capital Markets, Raymond James, Stifel, Truist Securities, William Blair, D.A. Davidson & Co., Needham & Company, Loop Capital Markets, and Telsey Advisory Group are acting as co-managers for the offering.

The offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from Morgan Stanley, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, by telephone at (866) 718-1649; or Goldman Sachs & Co. LLC, Attn: Prospectus Department 200 West Street, New York, New York 10282, by telephone at (866) 471-2526, by facsimile at (212) 902-9316, or by email at prospectus-ny@ny.email.gs.com .

A registration statement relating to these securities has been filed with, and declared effective on March 30, 2021, by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Coursera was launched in 2012 by two Stanford Computer Science professors, Andrew Ng and Daphne Koller, with a mission to provide universal access to world-class learning. It is now one of the largest online learning platforms in the world, with 77 million registered learners.

Coursera partners with over 200 leading university and industry partners to offer a broad catalogue of content and credentials, including Guided Projects, courses, Specializations, certificates, and bachelor’s and master’s degrees.

More than 6,000 institutions have used Coursera to upskill and reskill their employees, citizens, and students, including in high-demand fields such as data science, technology, and business.

Beyond Watching TV, Pay-TV Brings More Benefits To Subscribers

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There will be fewer parties this Easter as big gatherings are restricted due to the pandemic, but families have a sigh of relief as Easter hampers are coming their way to make up for foregone festivities, courtesy of StarTimes.

Easter celebration, the most important festivity in Christendom will witness several days of religious activities this week to commemorate the death and resurrection of Jesus Christ.

Impacted by the pandemic, religious gatherings won’t experience capacity hall as part of protocols to mitigate the spread of COVID-19, but believers can participate live at home on digital-TV. Catholic’s EWTN, Redeemers’ Dove TV, Synagogue’s Emmanuel TV, among others will stream their services live on StarTimes.

This is in addition to exciting content lined-up for family entertainment during Easter Holiday from Jenifa’s Diary to new and exclusive Nollywood movies.

Beyond Watching TV, StarTimes Brings More Benefits To Subscribers-Brand Spur Nigeria
Beyond Watching TV, StarTimes Brings More Benefits To Subscribers-Brand Spur Nigeria

StarTimes introduced an Easter promo to allow its subscribers enjoy the Easter holiday with access to an array of channels on a higher bouquet than they normally watch, at a very little cost.

On the exciting content line-up, Content Marketing Head, Ali Auta noted: “as Easter approaches, families like to spend quality time watching TV series and movies together at home. Thus, our Easter decoder price slash and upgrade promo give families more reasons to sit at home and enjoy quality entertainment together for less than the bouquet price.”

Ali stated: “Nova bouquet is N900 monthly. So customers who pay N1800 for a two-month subscription will get an instant upgrade to view Basic/Smart bouquet for two months. Basic bouquet is N1700 monthly and Smart is N2200. So a customer who pays N3400 for two months for basic or N4400 for smart bouquet will be migrated to enjoy all the content on Classic and Super bouquets respectively for two months. Subscribers who key into the promo will save a minimum of N1, 600. The promo ends April 30.”

Aside from the juicy discount, StarTimes subscribers have something to smile about as the affordable pay-TV is paying surprise visits to reward subscribers with Easter hampers right at their doorsteps.

The feedback is always unexpected, with a priceless reaction from customers who may never have expected the gestures.

“I am stunned receiving this hamper; the same way I was stunned when I discovered that StarTimes has greatly improved its content offering,” Mr. Olumide Balogun said.

Should Brands Be Encouraging Covid-19 Vaccinations? Most Consumers Think Yes

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In a new Harris Poll/Adweek survey, 60% of respondents said it’s an obligation

As Covid-19 vaccines become more available across the U.S., brands are faced with an important decision: should they encourage their customers to get it or stay silent on the subject?

Central to that question, of course, is whether consumers want to hear that kind of thing from the brands they support. With that in mind, Adweek partnered with The Harris Poll to survey 1,100 Americans about whether brands should chime in on the conversation around vaccinations.

Should Brands Be Encouraging Covid-19 Vaccinations? Most Consumers Think Yes
Photo by Joshua Hoehne
  • Consumers want brands to speak up: (60%) agreed brands have an “obligation” to encourage people to get vaccinated, while (70%) said they support brands sharing factual information about how and where to get vaccines.
  • In addition, (62%) believe brands have an obligation to go beyond information dissemination itself to dispel myths around COVID-19 vaccines.
  • The donut does help: (70%) of consumers think brand rewards like Krispy Kreme’s could work to encourage more vaccinations. And it does not just shot: 60% of respondents said they’d be more likely to buy from a brand that offers promotions to encourage vaccinations.
  • Boomer Opportunity: While a majority (58%) said they trust brands more than they trust social media when it comes to vaccination information, there is a wide generational divide: (73%) of Boomers said they trust brands over social media, compared to (63%) of Gen X, (44%) of Millennials and (37%) of Gen Z.

Takeaway: Using brand equity to build confidence in the vaccines could be a brand-building opportunity: (42%) said a brand sharing information about vaccinations would bolster their views of the brand, while (43%) said it wouldn’t affect their opinion and just (15%) said it would lower their opinion.