Real Estate Brands Africa Awards holds December 3rd

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The Most Innovative Real Estate Brands Africa Awards 2020 is a Celebration of Innovation, Leadership and Growth of the Real Estate and Property Industry. The Award will honour Real Estate Game Changers, Companies, Products and Personalities that have made a contribution to the development of the sector.

The Award Ceremony is on 3rd of December, 2020 at Banquet Hall, Sheraton Hotel and Tower, Ikeja, Lagos, Nigeria, Time 4:00 pm.

Real Estate Brands Africa Awards Brandspurng holds December 3rd

The Winners would have made an outstanding contribution to the development of Real Estate Brand of the continent, the economic aspiration of its citizenry and the transformation of Africa’s image in the International market while displaying high standard of good citizenship, social and environmental responsibilities.

The Award brings together prominent Real Estate Personalities, Government Official, Regulators and other Stakeholders.

According to Desmond Esorougwe, Editor-In-Chief, The Africa Brands Magazine, Africa Brands Magazine as Leaders in Brand Journalism will provide an exclusive reporting with the entire Award winners and showcase their Brands Strategies/Policies through an interactive platform and profile their Brand Achievement. Also for the benefit of comprehensive reportage, we shall conduct an interview of different Bank CEO’s/Regulators and Stakeholders for the benefit of our readers.

Esorougwe said The Most Innovative Real Estate Brands Africa Awards 2020 Research represents the most comprehensive Real Estate Brands study in Africa. It is a consumer-led survey establishes Best Real Estate preferences across the continent.

The study is independently concluded by The Africa Brands Magazine, Geopoll, the leader in providing fast, high-Quality research from the emerging market with strategic analysis and insight and Fast Track Brand Communications & strategy-Africa premier Branding Advisory Firm.

In the 2019-2020 periods, the survey was conducted in 23 countries which cover all African economic regions and collectively represent at least 75% of the population and the GDP of Africa. These countries Best Real Estate are often the most dominants Real Estate Brands across Africa or within their regions. Since 2019, the Best Real Estate Brands has been using Geopoll multimodal survey platform to collect data via SMS rather than a face-to-face method.

Mobile interviewing has proven to be the most effective way to reach Africa consumers because of the high penetration of mobile telephony as a primary mode of communication and increasingly for consumer transition in Africa.

The mobile methodology of a firm large database of respondent across Africa, therefore, assured a wider reach and expediency in conducting research across the continent, individuals age 18 and older in the sample countries were asked to report on their Best Real Estate Brands irrespective of countries of the region. In addition, because of their catalytic impact or influential role respondent were further as asked to rank their Best Real Estate Brands.

As an Africa-focused survey and given the growing number of Africa Real Estate Brands this new question was introduce especially focusing on identifying the ”Most Innovative Real Estate Brands of the year 2020”

The survey yielded over 5,000 Real Estate and Property Brands covering over 100 Best Real Estate Brands with the final coded data.

Our team calculated a score for each Real Estate Brands and created an index that takes into account the sample and population size of each country covered.

The Best Real Estate Brands were further analyzed to ensure there are no duplication and no generic category rather than trading Real Estate mentioned.

Finally, to make the list of the Best Real Estate Brands, the Brands have to be available and recalled in at least one other country other than their domicile market. Given the fragmentation and proliferation of local media, the media list is now focused truly on pan-Africa Countries.

Overall, The Most Innovative Real Estate Brands Africa Awards 2020 is on the most regions consumer-led methodology consistent with global best practices and the most representative and comprehensive study and ranking of Real Estate Brands in Africa.

Unilever completes unification of its Group legal structure under a single parent company, Unilever PLC.

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Unilever is pleased to announce the completion of the unification of its Group legal structure under a single parent company, Unilever PLC.

From today, and for the first time in its history, Unilever now trades with one market capitalisation, one class of shares and one global pool of liquidity, whilst also maintaining the Group’s listings on the Amsterdam, London and New York stock exchanges.

Unilever completes unification of its Group legal structure under a single parent company, Unilever PLC.

Nils Andersen, Chairman of Unilever, said:

“This is an important day for Unilever and we would like to thank our shareholders for their strong support of our Unification proposals, which give us greater flexibility for strategic portfolio change, remove complexity and further improve governance.”

There will be no change to the operations, locations, activities or staffing levels in either The Netherlands or the United Kingdom as a result of Unification. The headquarters of Unilever’s Foods & Refreshment Division will continue to be based in Rotterdam and the Home Care and Beauty & Personal Care Divisions will continue to be headquartered in the United Kingdom.

Further information for shareholders

Dealings in new Unilever PLC shares commence today on the London Stock Exchange, Euronext Amsterdam and the New York Stock Exchange.

New Unilever PLC shares will be admitted to the Premium Listing segment of the Official List of the UK Financial Conduct Authority (“FCA”) and to trading on the London Stock Exchange’s Main Market for listed securities with the ticker “ULVR” this morning.

Unilever PLC shares will also be admitted to listing and to trading on Euronext in Amsterdam, a regulated market of Euronext Amsterdam N.V., under the ticker “UNA” this morning. It is expected that Unilever PLC ADSs will be admitted to trading on the New York Stock Exchange this afternoon.

Following the issue and allotment of 1,460,713,122 new Unilever PLC shares pursuant to Unification, which represent 55.56% of the total number of PLC shares, Unilever PLC’s total issued ordinary share capital consists today of 2,629,243,772 ordinary shares of 3 1/9 pence each.

As part of Unification, Unilever NV ceased to exist yesterday, 29 November 2020, as a result of which there have been no dealings, and will be no further dealings, in any Unilever NV securities (including in Unilever NV shares on Euronext in Amsterdam) since that date.

Unilever PLC holds no ordinary shares in treasury.

As at today’s date, 1,383,237 Unilever PLC shares (including Unilever PLC shares represented by Unilever PLC ADSs) are held by companies in the Unilever Group. The voting rights attaching to those shares are not exercisable. Therefore, the total number of shares with exercisable voting rights in Unilever PLC is 2,627,860,535.

This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest, or a change to their interest, in Unilever PLC under the FCA’s Disclosure Guidance and Transparency Rules. As at today’s date, shareholders of Unilever PLC do not have similar notification obligations under applicable Dutch law.

President Buhari to Roll Out Auto-gas Scheme for Cars in December

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President Muhammadu Buhari will, on December 1, roll out the auto-gas scheme in Abuja as the Federal Government moves to create an alternative fuel for automobiles and other prime movers in Nigeria.

President Buhari to Roll Out Auto-gas Scheme for Cars in December
President Buhari to Roll Out Auto-gas Scheme for Cars in December – www.brandspurng.com

The Chairman, National Gas Expansion Programme (NGEP), Mohammed Ibrahim,  made the announcement at a meeting with media stakeholders on Saturday in Lagos.

According to Mr Ibrahim, the autogas scheme and deepening domestic utilisation of Liquefied Petroleum Gas (LPG) would create about 12.5 million direct and indirect jobs for Nigerians.

He said that cars in the presidential fleet had been converted to run on Premium Motor Spirit (PMS), Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG).

Mr Ibrahim said the need to switch from PMS (petrol) to gas was necessitated by the deregulation of petrol by the government, which had led to increment in the pump prices in recent times.

According to him, gas is a cheaper, safer and cleaner source of energy, hence the need to maximise its utilisation in Nigeria.

Mr Ibrahim said the Department of Petroleum Resources (DPR) had issued new guidelines that were encouraging multi-fuel models for existing filling stations, which would be available nationwide within 30 months.

He said: “We need about 500, 000 conversion engineers in the next 90 days to ensure that the retrofitting of the vehicles go as planned.

“50 conversion centres are currently upgrading for mass conversion and trainings and over 30,000 vehicles are already running on dual fuels in Nigeria.”

Mr Ibrahim said to deepen domestic cooking gas usage, the NGEP had set up Micro Distribution Centres (MDC) nationwide to bridge the supply and accessories gap between the market and consumers.

He said the MDC scheme would create easy access of cooking gas to the police and paramilitary barracks and private estates nationwide.

Mr Ibrahim said the NGEP would also train 10 entrepreneurs from every local government area in the country in the areas of burners, cookers, accessories production and development of MDCs.

He said: “The 90 days training is being undertaken by the Nigerian Content Development Monitoring Board and the Petroleum Trust and Development Fund.

”These entrepreneurs will get their own foundries for manufacturing and will thereafter train others as time goes on.”

Mr Ibrahim said the NGEP would thereafter push for an executive order banning the importation of these items into the country in order to create jobs for more Nigerians.

He said the committee was also working toward utilisation of gas to boost electricity supply across the country and was targeting a minimum of one megawatt per local government.

MTN Revamps Pulse Proposition as Joeboy, Ozo, Nengi, Fisayo Fosudo Join #DoYou Campaign

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MTN Nigeria unveiled a new campaign for its youth proposition, MTN Pulse at an exclusive listening parley on Friday, November 27, 2020.

MTN Revamps Pulse Proposition as Joeboy, Ozo, Nengi, Fisayo Fosudo Join #DoYou Campaign
MTN Revamps Pulse Proposition as Joeboy, Ozo, Nengi, Fisayo Fosudo Join #DoYou Campaign – www.brandspurng.com

The campaign tagged #DoYou features a television commercial and radio jingle which encourage Nigerian youths to embrace authenticity and push for their dreams.

The well-attended event was hosted by media personality and event host, Biodun Laaro with appearances by celebrities including popular musician JoeyBoy, BB Naija’s Ozoemena Chukwu and Nengi Hampton, YouTube personality, Fisayo Fosudo, personal finance expert, Tosin Olaseinde among others.

Leveraging the diversity of the Nigerian youth, their varying interests and strong desire for significance, the revamped Pulse proposition empowers young people with lower call and data rates with social media bundles starting from N200.

While unveiling the revamped Pulse plan, Oluwole Rawa, General Manager, Consumer Marketing, MTN Nigeria, reaffirmed the company’s commitment to provide Nigerian youths with the required support to showcase their creativity. He added that, “At MTN Nigeria, we fully comprehend the need for youths to express their creativity and use their voices.”

“We understand that if the right platforms are in place, the Nigerian youth can change the world, for good. This is what we intend to inspire through the provision of affordable data and tariff plans on MTN Pulse.” He further noted that the company is passionate to see youths across the country display their vibrancy in all facets of their lives.

MTN Pulse is a prepaid tariff plan that allows customers to enjoy a flat rate of 11.26k/sec for calls across all local networks in Nigeria and nightlife bundles of up to 2GB for N200.

MTN customers can text 406 to 131 or dial *406*1# or *123*2*2# to join MTN Pulse.

HEADLINES YOU MIGHT HAVE MISSED FROM BRAND SPUR

5000 BPD Modular Refinery Set for Commissioning in Imo

The Minister of Petroleum Resources, Chief Timipre Sylva will commission a 5,000 barrels per day (BPD) modular refinery located in Ibigwe, Imo State on 24 November 2020.

Nigerian Born British Tinuke’s Orbit breaks two new records for Guinness World Record Day 2020

Professional roller-skater Nigerian born British Tinuke’s Orbit (aka Tinuke Oyediran), age 27 years has broken the record for most cartwheels on roller skates in one minute with 30 and the most spins on e-skates in one minute with 70 in celebration of Guinness World Records Day 2020.

Gucci Lives at Polo Avenue

Polo Avenue, Nigeria’s foremost luxury fashion destination, has received exclusive rights to retail Gucci Ready-to-Wear clothing in Nigeria. Polo Avenue has so far successfully established itself as the gatekeeper for luxury brands in West Africa.

Building the SDGs into Nigeria’s Path Forward: FC4S Lagos and PwC Nigeria Hold Capacity Building Webinar

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The Financial Centre for Sustainability, Lagos (“FC4SL”), in collaboration with PricewaterhouseCoopers (“PwC”) Nigeria, executed a webinar session as part of the Market Education and Sensitisation Campaign Initiative of the Research, Education and Engagements Thematic Area of FC4SL.

The session, through expert discussions and deliberations, sought to promote the consideration, adoption and integration of the United Nations’ 2030 Sustainable Development Goals (SDGs) into the formulation of developmental policies and strategies to ensure a more sustainable, safer and increasingly prosperous economy for all Nigerians.

Building the SDGs into Nigeria’s Path Forward: FC4S Lagos and PwC Nigeria Hold Capacity Building Webinar

While delivering her opening remarks, Her Excellency, Mrs. Adejoke Orelope-Adefulire, Senior Special Adviser (SSA) to the President on SDGs, represented by the Senior Technical Advisor, Dr Bala Yusuf Yunusa, stated that “the Federal Government of Nigeria has since established institutional mechanisms to support effective implementation of the SDGs.

The Office of the SSA to the President on SDGs (“the Office’) was established in January 2016 with the mandate of strategic planning, coordination, and guidance; advocacy, representation, and partnership building; monitoring, evaluation, and reporting; as well as resource work implementation.

Several strategic initiatives have since been implemented; including a database mapping that enables a complete realignment of the national statistical system for the requirement and indicators of the SDGs.

It has also attempted to integrate the three (3) dimensions of the SDGs – economic, social and environmental – to Nigeria’s Economic Recovery and Growth Plan from 2017 to 2020, and presently, the Office is working closely with the Federal Ministry of Finance, Budget and National Planning to integrate the SDGs into the new National Development Plan (2021 to 2025), as well as Nigeria’s 2050 Agenda.

In addition to these, the process for integration of the national financing framework to support the implementation of the SDGs actualisation in Nigeria has commenced in earnest”.

Mrs. Solape Hammond, Senior Special Adviser to the Executive Governor of Lagos State on SDGs & Investments, delivered her take on the SDG initiatives for Lagos State, stating that

“Government cannot afford to rely on themselves and their budget to get what needs to be done, it must be the job of everyone. Businesses have to be aligned and not just in terms of Corporate Social Responsibility (“CSR”) but a complete realignment of our mindset and our approach to business and leveraging innovation, which is part of SDG-9, to deliver solutions that will address the developmental challenges that the country is facing”.

She also stated that

“The SDG framework provides a role for everyone starting from the national level to the municipalities, businesses, non-governmental organisations and individuals. There has been a lot of collaborations on the national level and Lagos State has been working closely with the Office of the Senior Special Assistant to the President on SDGs and the United Nations Development Programme to develop a common viewpoint; working on the national voluntary review and the framework for Sustainable Finance.

But there needs to be increased collaboration at the state level and Lagos State has established the Lagos State Volunteer Corp as a platform to encourage Lagosians to participate and be involved in the development agenda of Lagos State and put her in the fore of achieving the 17 Sustainable Development Goals over the next decade”.

Dr. Andrew Nevin, Partner & Chief Economist, PwC West Africa/Thematic Lead, Research, Education and Engagements, FC4SL, added that “It is time we move from a Gross Domestic Product (GDP) Lens to an SDG Lens to know if we are making progress in Nigeria”.

Also, the Executive Secretary, FC4SL, Mr. Emmanuel Etaderhi, stated that “the SDGs are not just about philanthropy or doing good. They represent a $12.00 trillion market opportunity available for the public and private sector organisations to exploit”.

The SDGs cover broad challenges such as economic inclusion, diminishing natural resources, geopolitical instability, environmental degradation, and the multifaceted impacts of climate change. They define the agenda for inclusive economic growth through to 2030.

The impact of these goals on global sustainable development will largely depend on the world’s ability to transition to new governance for sustainability that recognises the roles and responsibilities of local and subnational governments as well as corporates. Therefore, the onus lies on both the private and public sector organisations to collaborate in addressing these environmental, social and economic issues.

Click here to watch the full replay of the Webinar on Building SDGs into Nigeria’s Path Forward.

European Commission approves Dupixent to treat Atopic Dermatitis in Children

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November 30, 2020 – The European Commission (EC) has extended the marketing authorization for Dupixent® (dupilumab) in the European Union (EU) to include children 6 to 11 years of age with severe atopic dermatitis who are candidates for systemic therapy. Dupixent (often known as eczema) is the only systemic medicine approved in the EU to treat these patients.

“As the parent of a child with atopic dermatitis, and someone who works with families impacted by this condition daily, I’ve seen first-hand the enormous physical and mental health burden of this disease, and the toll it can take on the entire family,” said Korey Capozza, MPH, Founder and Executive Director of Global Parents for Eczema Research (GPER).

European Commission approves Dupixent to treat Atopic Dermatitis in Children

“Young children with severe atopic dermatitis currently have few treatment choices and significant unmet needs. We welcome the addition of new medicines for these underserved patients.”

Atopic dermatitis is a chronic inflammatory disease of the skin that can be debilitating, and severe disease can significantly impact many aspects of life for both children and their families.

The current standard of care for children with severe atopic dermatitis in Europe is limited to topical treatments, leaving those with the poorly controlled disease to cope with intense, unrelenting itch and skin lesions that can cover much of the body, resulting in skin cracking, redness or darkening, crusting and oozing. In addition, uncontrolled severe atopic dermatitis can have a substantial emotional and psychosocial impact, causing sleep disturbance, symptoms of anxiety and depression and feelings of isolation in children.

 “The approval of Dupixent for children in Europe marks another significant milestone for atopic dermatitis patients and their families, broadening the availability of a first-in-class medicine that offers a proven safe and effective treatment for this debilitating skin disease,” said John Reed, M.D., PhD, Global Head of Research and Development at Sanofi.

“Dupixent’s ability to provide significantly clearer skin, and clinically meaningful reduction of persistent itch, address important unmet needs for these children. In addition to atopic dermatitis, we continue to investigate the potential of Dupixent in younger age groups and across a variety of type 2 inflammatory diseases.” 

Dupixent is a fully-human monoclonal antibody that inhibits the signalling of the interleukin-4 (IL-4) and interleukin-13 (IL-13) proteins and is not an immunosuppressant. Data from Dupixent clinical trials have shown that IL-4 and IL-13 are key drivers of the type 2 inflammation that plays a major role in atopic dermatitis, asthma and chronic rhinosinusitis with nasal polyposis (CRSwNP).

“This approval for Dupixent in the EU represents a major advancement for children with severe atopic dermatitis and their families, who spend countless days and nights tending to their child’s disease with few treatment options to help alleviate the debilitating symptoms,” said George D. Yancopoulos, M.D., PhD, President and Chief Scientific Officer at Regeneron.

“Dupixent is a novel therapy that addresses a root cause of atopic dermatitis by specifically targeting the underlying type 2 inflammation of the disease. Dupixent has already been used by hundreds of thousands of patients around the world, including those with atopic dermatitis as well as other type 2 inflammatory diseases such as asthma and adults with chronic rhinosinusitis with nasal polyps.  We are pleased to bring this paradigm-changing medicine to even younger patients in the EU who need new options beyond steroids or immunosuppressants.” 

In children aged 6-11 years weighing 15 to <60 kg, Dupixent 300 mg is administered as an injection under the skin (subcutaneous injection) every four weeks following the initial loading dose given as two injections 14 days apart. For those weighing >60 kg, Dupixent 300 mg is administered every two weeks following the initial loading dose given the same day. The dose may be increased to 200 mg every two weeks in patients weighing 15 to <60 kg based on the physician’s assessment.

Pivotal trial data

The EC decision is based primarily on data that includes pivotal Phase 3 efficacy and safety results of Dupixent combined with topical corticosteroids (TCS) compared to TCS alone (placebo) in children 6-11 years with severe atopic dermatitis. At 16 weeks, patients in treatment groups of Dupixent 300 mg every four weeks (N=122) or 200 mg every two weeks (N=59) with TCS experienced:

  • Improved disease extent and severity: 82% and 80% average improvement from baseline with Dupixent every four and two weeks, respectively, compared to 49% and 48% for placebo. In addition, 70% and 75% of Dupixent patients achieved at least a 75% improvement in the four-week and two-week treatment groups, respectively, compared to 17% and 26% for placebo.
  • Skin clearance: 33% and 39% of patients achieved clear or almost clear skin with Dupixent every four and two weeks respectively, compared to 11% and 10% for placebo.
  • Reduced itch: 51% and 61% of patients achieved clinically significant reduction with Dupixent every four and two weeks, respectively, compared to 12% and 13% for placebo. A significantly greater proportion of Dupixent patients achieved improvement in itch as early as four weeks.
  • Improved health-related quality of life (HR-QoL): 77% and 81% of patients experienced clinically meaningful improvement in patient-reported HR-QoLwith Dupixent every four and two weeks, respectively, compared to 39% and 36% for placebo. Dupixent patients also experienced improvements in additional HR-QoL measures assessing disease severity and patient-reported measures such as itch and sleep.

The safety profile of Dupixent in children 6-11 years of age followed through week 52, based on an open-label extension trial, was similar to the safety profile observed at week 16 and consistent with the safety profile seen in adults and adolescents with atopic dermatitis. Overall rates of adverse events (AEs) were 65% and 61% for Dupixent every four and two weeks respectively, and 73% and 75% for placebo.

AEs that were more commonly observed with Dupixent included upper respiratory tract infections (11% and 9% for Dupixent every four and two weeks, 10% and 12% for placebo), injection site reactions (10% and 14% for Dupixent every four and two weeks, 6% and 5% for placebo), nasopharyngitis (13% and 3% for Dupixent every four and two weeks, 7% and 10% for placebo), conjunctivitis (7% and 9% for Dupixent every four and two weeks, 4% and 5% for placebo), and fever (3% for both Dupixent groups, 2% and 0% for placebo).

Additional prespecified AEs included skin infections (6% and 9% for Dupixent every four and two weeks, 13% for both placebo groups), and herpes viral infections (2% for both Dupixent groups, 5% for both placebo groups).

The co-primary endpoints in the pediatric trial were skin clearance, as measured by a score of 0 or 1 on the Investigator’s Global Assessment (IGA), and disease extent and severity, as measured by Eczema Area and Severity Index score (EASI-75).

Secondary endpoints included the average change in EASI score from baseline, and itch as measured by at least a 4-point reduction in itch intensity on a 0 to 10-point scale (weekly average of daily Peak Pruritus Numerical Rating Scale). Additionally, HR-QoL was measured by the proportion of patients who achieved at least six points on the patient-reported Children’s Dermatology Life Quality Index (CDLQI), as well as additional measures from Patient-Oriented Eczema Measure (POEM) and SCORing Atopic Dermatitis (SCORAD).

Dupixent is approved for specific patients with atopic dermatitis, asthma and/or in adults with CRSwNP in a number of countries around the world, including the European Union, U.S. and Japan. Dupixent is currently approved in more than 60 countries, and more than 200,000 patients have been treated globally.

Dupixent is intended for use under the guidance of a healthcare professional and can be given in a clinic or at home by self-administration after training by a healthcare professional. In children younger than 12 years of age, Dupixent should be administered by a caregiver. No initial lab testing or ongoing lab monitoring is required with Dupixent treatment in any approved indication or age group.

Mobile Money Users in Emerging Markets to Exceed 1.2 Bn Globally by 2025, as P2P and Merchant Payments Surge

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30th November 2020: A new study from Juniper Research has found that the total number of mobile money users in emerging markets will exceed 1.2 billion in 2025, up from 980 million in 2020; equating to just under 30% of all mobile phone users across emerging markets.

The report predicts that domestic P2P and payments to merchants will be increasingly popular in mobile money schemes and will drive growth. The research recommends that mobile money providers agree partnerships with banks and other financial institutions, so as to increase the sophistication of the products they offer, in order to take advantage of increasing financial and technological literacy.

Mobile Money Users in Emerging Markets to Exceed 1.2 Bn Globally by 2025, as P2P and Merchant Payments Surge

Payments-as-a-Platform – Driving Future Opportunities

The new research, Mobile Money in Emerging Markets: SWOT Analysis, Vendor Strategies & Market Forecasts 2020-2025, identified that the payments-as-a-platform model, where mobile money payments act as a gateway to third-party services, is critical to the future of the market. Leveraging third-party partnerships and expanding the remit of services will be critical to driving the value of the mobile money market upwards over the next five years.

Research co-author Nick Maynard explains:

Mobile money providers’ strong position is under threat, as financial literacy and smartphone penetration grow. Mobile money services must rapidly evolve, or they will lose relevance. The payments-as-a-platform model offers the opportunity for mobile money vendors to become ‘super apps,’ and agreeing partnerships now will be critical in achieving this.

Sophisticated Microfinance Users to Grow as Mobile Money Broadens

The research found that users of sophisticated microfinance, including microcredit, microsavings and microinsurance, will increase rapidly; reaching over 336 million in 2025, up from 227 million in 2020.

As the mobile money market becomes more competitive, additional services beyond simple money transfer have become key differentiators. The report identified that the use of data analytics in mobile money is becoming a key capability; enabling vendors to offer intelligent savings products and to accurately risk manage their credit operations.

Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.

Unilever Nigeria Appoints Jaime Aguilera as Non-Executive Director

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Mr Jaime Aguilera has been appointed as a Non-Executive Director of Unilever Nigeria Plc. with effect from 1 January 2021.

The Board warmly welcomes Mr Jaime Aguilera and wishes him all the best in his new role. Below is Mr Jaime Aguilera’s profile – Mr Jaime Aguilera is a well-rounded business professional, with broad operational expertise while working for top FMCG companies.

Jaime was appointed as Executive Vice President Unilever Eastern Europe in September 2016.

Brandspurng Unilever Nigeria Appoints Jaime Aguilera as Non-Executive Director
Mr Jaime Aguilera | www.brandspurng.com

Prior to joining Unilever, he has been in Coca-Cola, Nestlé and Procter & Gamble. His experience spans from Europe, the Americas and Asia. He has lived and operated in countries starting from Spain, Brazil, Greece, Mexico, Switzerland, then back to Spain. His key expertise areas are in Sales & Marketing and he has lead teams in Spain, Brazil, South-Eastern Europe, Middle East, Mexico and Global teams.

In 2009, he joined Unilever Spain as EVP & Chairman and then moved to his current role as Unilever Executive Vice President Africa, leading the Unilever business in Africa. Jaime is of Spanish origin and is an alumnus of the Universidad Pontificia de Comillas- ICADE. Jaime majored in Economic Sciences, Management & Business Administration.

Following the above appointment, the current Board composition of Unilever Nigeria Plc. is as follows:

  1. Igwe Nnaemeka A. Achebe CFR, mni – Chairman
  2. Mr Carl Cruz (Filippino) – Managing Director
  3. Mr Jaime Aguilera (Spanish) – Non-Executive Director
  4. Mrs Abiola Alabi – Independent Non-Executive Director
  5. Mrs Ammuna Lawan Ali OON – Independent Non-Executive Director
  6. Mr Chika Nwobi – Independent Non-Executive Director
  7. Mr Felix Enwemadu – Executive Director
  8. Mrs Adesola Sotande-Peters – Executive Director
  9. Mr Mutiu Sunmonu CON, FNSE – Independent Non-Executive Director

Despite COVID-19, Nigeria generates N416.01 billion from Company Income Tax in Q3 2020

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The Nigerian Government generated N416.01 billion as Company Income Tax (CIT), the National Bureau of Statistics (NBS) says.

The bureau stated this in its “Company Income Tax by Sectors 2015 – Quarter Three (Q3 2020)’’ obtained from its website on Thursday in Abuja.

Part of the report read, “Data on Company Income Tax breakdown by sectors for Q3 2020 reflected that the sum of N416.01bn was generated as CIT as against N402.03bn generated in Q2 2020 and N520.89bn generated in Q3 2019 representing 3.48% increase Quarter-on-Quarter and -20.13% decrease Year-on-Year.”

Despite COVID-19, Nigeria generates N416.01 billion from Company Income Tax in Q3 2020
Afolabi Sotunde Illustration Naira

The bureau said that professional Services including Telecoms generated the highest amount of CIT with N55.52bn generated and closely followed by Other Manufacturing which generated N42.03bn, Banks & Financial Institutions generated N24.05bn while Mining generated the least and closely followed by Textile and Garment Industry and Local Government Councils with N120.93m, N167.51m and N321.72m generated respectively.

The NBS said that out of the total amounted generated in Q3 2020, N244.70bn was generated as CIT locally while N70.34bn was generated as foreign CIT payment. The balance of N100.97bn was generated as CIT from other payments.

Nokia and Airtel Kenya lay 5G foundations in Nairobi

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Deal will modernize and expand existing network infrastructure and lay the groundwork for 5G migration

30 November 2020 – Nokia today announced that it has been selected by African mobile operator, Airtel Kenya in a three-year deal to modernize Nairobi with high speed 4G and 5G-ready hardware from its comprehensive AirScale portfolio.

Deployment, which began in June, will cover hundreds of sites and include upgrading existing 2G, 3G and 4G radio access network (RAN) coverage in urban, semi-urban, highways, tourist spots and central business districts in Nairobi and the rest of Kenya.

Nokia and Airtel Kenya lay 5G foundations in Nairobi
RAJEEV SURI, PRESIDENT AND CEO, NOKIA CORPORATIONS | www.brandspurng.com

Nokia’s future-proofed network infrastructure will also offer Airtel Kenya the option to smoothly transition to 5G when necessary. The upgraded network will deliver enhanced connectivity to customers of Airtel Kenya and access to new, high-speed data services.

Nokia is supplying Airtel Kenya with its AirScale Single RAN (S-RAN) portfolio for both indoor and outdoor coverage, including base stations and radio access products. These solutions will enable Airtel Kenya to deliver improved connectivity and capacity benefits including enhanced voice and data services to its subscribers while reducing complexity and driving cost efficiencies.

The improved network will provide higher data speeds using additional 4G spectrum bands and provide access to secure, high-speed and reliable data services.

Airtel Africa plans Tower Sales in 5 Countries to reduce $3.5Bn debt

As part of the deal, Nokia will also deploy its cloud-agnostic NetAct software solution to securely manage Airtel Kenya’s networks. Nokia will also provide digital deployment, network planning and technical support services helping Airtel to launch its services faster to the market and ensure customer requirements for quality are met.

P. D. Sarma, CEO, Airtel Kenya, said:

“We are in the midst of rolling out our network to enhance coverage along with modernization of our data network that will help us to deliver improved, high-speed data services to our customers. This will allow our customers seamless coverage enhancing their browsing experience further. We are excited to partner with Nokia on this project. Its technology portfolio improves our network quality considerably and also allows us to move to 5G services in the future.”

Rajiv Aggarwal, Head of CEWA Market Unit at Nokia, said

“This is an exciting deal in an exciting market. We are proud to supply Airtel Kenya with our comprehensive AirScale portfolio and support the operator with its efforts to deliver the best possible connectivity experiences to end-users in Kenya. In a maturing market, we look forward to helping Airtel execute its strategy in the short-term as well as set it on the path to 5G services.”