FWD shines at Bloomberg Businessweek Financial Institution Awards 2020 with 11 prizes

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FWD most awarded insurer for third consecutive year with revolutionary products and tied agency strength in the spotlight

 

HONG KONG, CHINA – Media OutReach – 9 July 2020
– FWD Hong Kong (‘FWD’) was the most awarded winner in the insurance sector for the third
consecutive year at the Bloomberg Businessweek Financial Institution Awards 2020
(the “Bloomberg Awards 2020”), bringing home a total of 11 awards, comprising
three Excellence Awards and eight Outstanding Awards.

For
the third consecutive year, FWD has become the most awarded insurer at the
Bloomberg Businessweek Financial Institution Awards 2020, bringing home 11
awards which include 3 Excellence Awards and 8 Outstanding Awards.

 

FWD
has won 7 awards, which include 3 Excellence Awards, in the product and service
categories with its suite of innovative, easy-to-understand and relevant
products.

 

FWD’s
Tied Agency bagged 3 Outstanding Awards in the Recruitment, Training and
Development, and District Achievement of the Year categories.

Seven of the
awards went to several of FWD’s life insurance and health protection products
and services, highlighting the company’s commitment to developing innovative
solutions that push beyond established boundaries.

FWD also
stood out for the outstanding performance of its highly motivated, well-trained
tied agency force, as well as for the resounding success of its FWD x “The
World of Studio Ghibli’s Animation” sponsorship campaign.

Ken Lau, FWD Managing Director of Greater China and
Hong Kong Chief Executive Officer, said, “These
awards, bestowed upon us by some of the most highly regarded voices in the
industry, go a long way towards recognising FWD’s relentless and successful
efforts to change the way people feel about insurance. I am very proud of what
all our teams have achieved in recent years, from identifying yet unmet and
often complex market needs, to structuring revolutionary, easy-to-understand
and relevant products, recruiting and nurturing exceptional talent, and
actively engaging with the public through exciting and interactive
initiatives.”

 

FWD’s winning
entries include:

  • All-round, one-stop health management service PREMIER THE
    ONEcierge, which provides priority access to over 100 top-tier hospitals
    across Asia; and MINDcierge, an innovative mental health support service
    that offer counselling services in both Hong Kong and Mainland China,
    clinched two Excellence Awards between them;
  • Crisis OneCover, a revolutionary critical illness protection
    that covers multiple bases from prevention (such as health screening) to
    comprehensive treatment options, and rehabilitation support during
    recovery, won two Outstanding Awards in the Critical Illness and
    Innovation Product categories;
  • MediSaver (Supreme), a medical insurance with savings capabilities
    that offers cover up to age 100 (age next birthday) for just 20 years of
    premium payment, as well as double protection against three common crises,
    bagged an Excellence Award in the Health and Protection category;
  • Regal Fortune, a life insurance policy under which the
    guaranteed portion of death benefits will increase by 5% annually from age
    80 (age next birthday) of the insured, up to a maximum of 150%, to cater
    to the legacy planning objectives of high net worth customers, claimed an
    Outstanding Award in the High Net Worth (Product) category;
  • FWD’s four Government-certified plans under the Voluntary
    Health Insurance Scheme (“VHIS”), which cover a wide range of medical
    needs and circumstances, were also recognised with an Outstanding Award in
    the Medical Care category;
  • Finally, FWD’s Tied Agency bagged three Outstanding Awards in
    the Recruitment, Training and Development, and District Achievement of the
    Year categories, while the company’s sponsored FWD x “The World of Studio
    Ghibli’s Animation” which took Hong Kong by storm last summer won an
    Outstanding Award in the Integrated Marketing (Branding Promotion)
    category.

 

Table:
List of the 11 awards won by FWD at the Bloomberg Businessweek Financial
Institution Awards 2020

Winner

Category

Award

PREMIER THE ONEcierge

High Net Worth (Service)

Excellence

MediSaver (Supreme)

Health & Protection

Excellence

PREMIER THE ONEcierge and
MINDcierge (Mainland China Counselling Service)

Cross-border Insurance Services

Excellence

Crisis
OneCover

Critical
Illness

Outstanding

Innovation
Product

Outstanding

Regal
Fortune

High Net
Worth (Product)

Outstanding

VHIS
Product

Medical
Care

Outstanding

Training
and Development Achievement

Outstanding

Recruitment
Program of the Year

Outstanding

ACT
Team  (Region 54)

District
Achievement of the Year

Outstanding

FWD x
“The World of Studio Ghibli’s Animation”

Integrated
Marketing (Branding Promotion)

Outstanding

The above information does not contain the
full terms and benefits of the respective policy, key product risks, and major
exclusions. For details, please refer to the respective product brochure and
policy provisions (For VHIS products, the materials are downloadable at https://www.fwd.com.hk/en/protect/health-accident/vhis/.)

About FWD Hong Kong & Macau

FWD Hong
Kong offers life and medical insurance, general insurance, employee benefits,
and financial planning. Its life insurance and general insurance operating
entities have been assigned strong financial strength ratings by international
rating agencies — FWD Life Insurance Company (Bermuda) Limited (incorporated in
Bermuda with limited liability) is rated “A3” by Moody’s and “A” by Fitch; and
FWD General Insurance Company Limited is rated “A” by Fitch. FWD Macau provides
a suite of life and medical insurance.

 

FWD Hong
Kong & Macau is a part of the FWD Group, the insurance business of
investment group, Pacific Century Group. FWD Group spans Hong Kong & Macau,
Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan and Malaysia.

 

By creating fresh customer experiences
with easy-to-understand products supported by digital technology, FWD aims to
become a leading pan-Asian insurer that changes the way people feel about
insurance.

For more information about FWD Hong Kong & Macau please visit WWW.FWD.COM.HK and WWW.FWD.COM.MO.

About the Bloomberg Businessweek Financial Institution Awards 2020

The Bloomberg
Businessweek Financial Institution Awards are hosted annually by iconic finance
magazine Bloomberg Businessweek/Chinese. In 2020, 10 judges from the industry,
government and academia assessed submissions from the banking, insurance and
securities sectors and ranked them according to three criteria, namely market
performance, growth and development, as well as business strategy in the past
year.


How Whirlpool Singapore Fuels Innovation for Everyday Living in the Age of Social Distancing

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SINGAPORE
– Media OutReach – 9
July 2020 – We live in the age of digitisation where technology continues
to enhance productivity and efficiency across multiple aspects of life.

Today,
smart homes are a reality thanks to the immense array of home living solutions.
For home appliances manufacturer
Whirlpool, smart living includes a combination of independence and
self-care alongside technology-backed home solutions. 

With
staying at home as one of the many new norms born out of recent health measures,
Whirlpool has ramped up its efforts to democratise smart living for homeowners
in Singapore.

Smart Tech Across Multiple Aspects of Home
Living


Not only is
a smart home furnished with technology-backed home appliances, but these
systems should save energy and money as well as reduce the risks of electrical
hazards. 

Whirlpool
has tapped on automation and equipped their appliances with 6th Sense
technology that innovates to provide intuition and simplicity of use to help
homeowners enjoy a better quality of life. 

Today, with
quality as the cornerstone of their brand, Whirlpool’s Everyday
Care range consists of cost-effective home appliances which have
been carefully manufactured to give homeowners a peace of mind with superior
performance and ease of use even as they stay home more in the new
normal. 

Everyday Care channels innovation into daily living. With
heightened durability, functionality and ease of use, Whirlpool’s mission is to
empower people by freeing up their time, to let them make the most of it and
enjoy it at best.

Optimising Home Cleanliness with Technology 

 

For
Whirlpool, a smart home is a clean home.

This year,
the home appliances manufacturer unveiled Freshcare+ – a new line of hygiene
care laundry solutions. Freshcare+ keeps laundry bacteria-free and fresh for up
to 6 hours after the washing or drying cycle ends and saves busy homemakers the
hassle of having to unload their clothes urgently as they juggle household
chores and elderly or childcare. 

Similarly,
their technology-backed dishwasher lets fatigued homeowners take the load off
with an intricate Sani-Rinse function to keep all dishes spick and span by
getting rid of 99.99% bacteria.

Their
built-in ovens have also been enhanced with superior pyrolytic cleaning
performance for effortless dirt removal by turning food residues to ash for
easy cleaning. Not to mention their ovens also incorporate a one-of-a-kind Cook
4 function which lets users cook 4 different dishes at once without having to
disrupt the unique taste and flavour of the ingredients.

Healthy Bodies and a Healthy Home 


In the age
of digitisation, home innovations should make our lives easier and our bodies healthier.

Whirlpool
presented a range of state-of-the-art refrigerators that maintain 12 Days of
garden freshness. Powered by a 6TH SENSE® IntelliSensor and SealFresh
technology, their refrigerators keep all items in the most optimal environment
for absolute freshness.

This way,
homeowners can enjoy garden-fresh groceries in the comfort of their own
homes.

Smart Living with Simple Acts of Care

 

“Whirlpool
has a 108 year history of leading through challenges and we are leveraging our
leadership position to support our employees, consumers and communities during
this difficult time while driving our business forward,” mentioned
Whirlpool Chairman and Chief Executive Officer Marc Bitzer.

Beyond
building smart homes, Whirlpool’s Everyday
Care initiative seeks to empower users with smart technologies. In
educating and making technology-backed appliances accessible for all, Whirlpool
aspires to build smart cities across the globe.

“Our
strong performance in the first quarter reflects the hard work of our
employees, our relentless focus on delivering on our commitment to consumers,
and the resilience of our business. Our fixed cost discipline and strong
liquidity position enable us to weather this crisis and emerge in a position of
strength.” 

For more information, please contact Rodrigo
Salamoni, Director of Marketing by emailing rodrigo_salamoni@whirlpool.com.

 

Microsoft reimagines virtual collaboration with new Teams features for the future of work and education

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SINGAPORE – Media OutReach – 9 July 2020 – Microsoft today
announced a set of new features in Microsoft Teams that make virtual
interactions more organic and engaging, supporting the global shift into a more
hybrid model of work, learning and life.

 

With the new
Microsoft Teams features, users can enjoy greater connectivity, reduced meeting
fatigue and more inclusive meetings, all while saving time. These features —
including together mode, video filters, live reactions, touchless meeting
experiences and more — start rolling out in preview today and will be fully
available later this year.

 

“Over the last few
months, we have worked with experts across virtual reality, AI, and
productivity research to better understand the future of work. These findings,
published here, have been useful
in guiding us to design these new features. Our research has shown that many of
us feel less connected since moving to remote work, hence we want to bring a
more human element into online meetings. We also want to streamline their
experiences across apps and devices, with technology like AI to save time and
improve overall well-being, which is of highest importance during this time,”
said Rosalind Quek, General Manager, Modern
Work, Asia Solution Sales at Microsoft Asia.

 

Enhancing connection
between users and reducing meeting fatigue

 

  • Together
    mode:     Microsoft Teams will
    now have a new meeting experience that uses AI segmentation technology to digitally place participants
    in a shared background, making it feel like they are in the same room with
    everyone else in the meeting or class. The mode makes meetings more engaging,
    and helps users pick up on non-verbal cues that are so important to human
    interaction. Together Mode with auditorium view is rolling out now and will be
    generally available in August.
  • Dynamic View: Building
    on the meetings enhancements announced
    last month, the dynamic view allows users to personalize the view to suit their
    preferences and needs. This includes the ability to show shared content and specific
    participants side-by-side. 
  • Video filters:
    Before joining a meeting, users can now use filters to adjust lighting levels and soften
    the focus of the camera to customize their appearances.
  • Reflect
    messaging extension: Employee well-being
    is critical in ensuring productivity — this new feature allows managers,
    leaders and teachers to easily check in on how their teams or students are
    feeling through questions in an online poll. This will be available in the
    coming weeks. 

Making meetings more
inclusive, engaging and effective for teams and students

 

  • Live reactions: Users can now react during meetings using
    emojis, supplementing non-verbal cues that can be difficult to notice in online
    meetings. Microsoft
    is also bringing PowerPoint Live Presentations to Teams in the future,
    enabling more audience engagement.
  • Chat bubbles: The Chat feature has become a lively space
    for idea sharing without interrupting meeting flow. Chat bubbles allow all
    chats sent during a Microsoft Teams meeting to appear on the screens of all meeting participants, making the chat more central to the conversation.
  • Speaker
    attribution and translation:     With
    speaker attribution, everyone knows who is speaking. Live transcripts and
    translations, available later this year, provide a way to follow what has been
    said in more than one language.
  • Interactive
    meetings for     more than 1000 participants: Microsoft Teams meetings can
    now support 1,000 participants, and up to 20,000 participants to watch a
    presentation or discussion.
  • Microsoft Whiteboard updates: Whiteboard in Microsoft Teams will soon be updated with new features
    including faster load times, sticky notes, text, and drag-and-drop
    capabilities. These will enable team members without access to a touchscreen to
    participate in whiteboarding sessions.  

Helping users
streamline their work and save time 

 

  • Tasks app: Tasks app in Microsoft Teams provides a new unified view of tasks across Microsoft To Do, Planner and
    Outlook, whether a user is on desktop, web or mobile.  
  • Suggested replies: Microsoft
    Teams
    chats will now include suggested replies, using assistive AI to create short
    responses based on the context of the previous message. This feature will roll
    out this month. 
  • Touchless meeting
    experiences:     As some people return to physical workspaces,
    touchless meeting experiences in shared spaces are more important than ever. Microsoft Teams now allows people to join meetings and share
    content to meeting room devices from their own mobile device or PC, with the
    same capabilities available on Surface Hub later this year. The Teams mobile app
    will also include a new room remote, with additional meeting controls,
    and voice commands to join and leave a meeting or call someone from their
    address book. Another experience will allow users to wirelessly cast to
    any Teams Room, collaboration bar or Surface Hub device, enabling seamless
    ad-hoc and in-person collaboration for people in a shared space.

 

To get started on the preview, users may log in to their personal Microsoft account on the Microsoft Teams mobile app,
available for download on the iOS or Android app store. General availability of the new features is slated for later this year.

 

For more information, see here to find out more about these new
features.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital
transformation for the era of an intelligent cloud and an intelligent edge. Its
mission is to empower every person and every organization on the planet to
achieve more.

Virtual launch of the Power Woman online magazine

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Virtual launch of the Power Woman online magazine

Power up your dreams with Power Woman E-Magazine.

Power Woman is a monthly digital magazine published by Joy Onyesoh®. It is personal development, business development and transformative leadership tool, focused on helping women own their truth and maximize their potentials.

The Magazine is packed with tips and expert advice on personal development, transformative leadership, business development, career success, and adjusting to the new normal.

It includes exclusive interviews with women who have empowered a generation of women and girls to believe in themselves and take action for their personal fulfilment.

The main target audience for Power Woman Magazine is career women, women leaders, professionals, and businesswomen.

We are excited to unveil the first edition of the magazine with guest contributors – Robin Miles; an executive coach and leadership development consultant (USA), Irene N. Ugbah; an educator, author and gender advocate (Nigeria), and May Elawar, PhD, from the Faculty of Transformative Inquiry Department at the California Institute of Integral Studies (USA).

The July 2020 edition, our first edition, explores how women can navigate the future, amidst the pandemic. It also includes an interview with Joy Onyesoh, PhD, the Founder and C.E.O., who takes the reader on a journey of self-discovery and finding her feet after experiencing the lowest moments of her life.

The magazine rounds off with a refreshing review on the book The Moulding of the Master’s Vessel: Our Journey with Brittle Bone Disease and the introduction of The Power Woman: Principles and Strategies for Increasing Your Influence, both written by Joy Onyesoh, PhD.

Objectives

Power Woman focuses on helping women to know themselves and discover their own truths and voice. It particularly encourages women to be fearless in the face of adversity, unleashes the power within, creates transformations and increases their circles of influence.

The Launch is scheduled to take place as follows:

Date: 10th July 2020

Time: 7pm – 8pm (WAT)

Live streaming:

www.facebook.com/joyonyesoh

www.instagram.com/thepowerwoman_

www.joyonyesoh.com/youtube

The Founder and C.E.O., Joy Onyesoh, PhD, is the first black and African President of the Women’s International League for Peace and Freedom (WILPF), a 105-year-old organization and the oldest international women’s peace Organisation in the world.

She is also a break-through and transformative leadership coach whose purpose is to inspire greatness in women. She does this through motivating women to unlock their potentials for growth, have a need to discover their purpose and thrive as a result of gaining clarity on ways of creating unlimited abundance.

She has dedicated over 20 years of her life equipping women across the world with skills and expertise in entrepreneurship, leadership and personal brand development.

Lead exposure in developing countries

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Lead exposure in developing countries

Continued exposure to lead particles will inherently end up causing a bunch of health issues that you can easily learn more about by visiting a site like Check4Lead, the CDC or the Mayo Clinic that all have great articles on the topic, yet exposure to this dangerous heavy metal is significantly more prevalent in developing countries.

Are the various countries doing anything about it? The answer to that question is a resounding yes, but whether or not they are in fact doing enough, that’s an entirely different question.

The reality of the matter is that more than 90% of children in a province in South Africa tested having more than the limit set in the US, and although the article was published a long time ago, it was still at a point in time where residential lead paint had been banned for roughly 18 years in the United States.

Unfortunately, developing countries are still taking the various initiatives required in order to limit lead exposure, but the reality is that they still have a very long way to go in order to get to the exposure levels of developed countries.

In fact, if you go back 3 years, the only countries to still have lead in their gasoline were Algeria, Iraq, Yemen, Myanmar, North Korea and Afghanistan. Although a couple of these countries have taken measures since then to transition away from this dangerous type of fuel, these are changes that are only happening over time, and the dangerous thing is that just because you enact a restriction on the exposure of such material, you still have millions of people living with the consequences of decades of exposure.

Yes, lead exposure will not just affect you right now, but it will, in fact, have devastating long-term effects, the worst ones including death, although cognitive impairment is really quite common too, to some extent.

It’s actually such a concern that important institutions, like the WHO have made their resources that talk about the issue in depth. The good news is that at least the information has been getting out there and that the dangers of extended exposure to the dangerous material are significant, shouldn’t be ignored and that they cause both detrimental health damages, as well as billions and billions of dollars worth of additional health care costs, that various industries would rather avoid talking about, instead of using some of the many different lead particle alternatives that can be added to things such as paint, gasoline and other things.

Although the material has many uses, it’s not one that is used without side effects given its toxic nature, and it could easily mean that you have many products at home that you aren’t even realizing have the material in it.

The issue, in addition, is that many countries aren’t taking the necessary precautions to shield their youngest. Yes, kids are the ones that are most affected by lead exposure, with their still-developing brains. Hearing loss, learning difficulties and problems in school are just some of the things that arise from exposure to this heavy metal, and their long-term consequences are detrimental to countries’ economies, all due to companies’ current profits, that they don’t want to be sacrificing.

The material wouldn’t have the popularity that it has if it wasn’t for the fact that it definitely has the potential to make things more durable, and on the surface make them seem higher quality, but all of these effects come at a price – lead exposure is massively stopping Africa and other developing places from reaching their full potential, why acting on it and ensuring the limiting of kids’ exposure to the material is important.

The reality is that the exposures are far more than most people realize, and while certain things may seem more obvious, the use of lead paint is very common in a range of different consumer products in the developing world, and when being used in kids’ toys, that is when it becomes especially dangerous, as kids will naturally explore the objects they are being introduced to in the world.

Having legislated on the issue, it is very common to see toy recalls in the United States due to their lead content, why it is so imperative that developing countries join in taking strict actions to limit its use. However, it’s not just in kids toys’ that this type of paint is being used, although it is where it is arguably the most dangerous, continued exposure from other products will also cause harm to adults. Smelters, battery manufacturing, recycling plants, automotive shops are all places where the risk of exposure is significantly higher, in much higher concentrations than what the rest of the world permits, and if you are working in and around it all day, you also end up carrying it home in your clothes when you go home, which further increases the contamination risk for the risk of your family.

Changing manufacturing processes across the developing world will not be easy, as there are many businesses that have previously been relying on the various beneficial functions that the material does provide, but the reality is that there are many countries across the world that have successfully implemented vast measures to help lower the exposure, thereby significantly improving the overall health of their populations, and it’s about time that all countries that haven’t taken such a decisive stance on the matter to rise up and do so.

There is absolutely no reason why countries should willingly be allowing manufacturing practices that so obviously cause significant harm to their populations in the desire to maintain corporate interests, with experts estimating that the loss to the continental African economy suffers a US$134.7 loss every single year from the lead exposure that exists.

While many of the initiatives will need to be taken on a local and regional basis, it’s about time that measures are taken to figure out how to best prevent the loss stemming from a lack of action. The various initiatives will undoubtedly be the most effective if several African countries go together in addressing the issue, to avoid the problem simply being imported across country borders.

FMDQ Exchange Admits Axxela Funding 1 PLC Series 1 Bond

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FMDQ Exchange Admits Axxela Funding 1 PLC Series 1 Bond

The critical role which debt markets play in facilitating sustainable growth and development cannot be overemphasised. The Nigeria debt market capital (DCM) plays an important role in the efficient mobilisation and allocation of resources in the economy and despite the impact of the current times, the market has continued to effectively support corporates looking to expand their business operations.

It is in this regard that FMDQ Holdings PLC (FMDQ Group or FMDQ) in its role as a market organiser of the Nigerian DCM, amongst others, has continued to provide stakeholders in the Nigerian capital market with a credible and robust platform for capital access, risk management and transfer of value.

Consequently, FMDQ, through its subsidiary, FMDQ Securities Exchange Limited (FMDQ Exchange or the Exchange), admitted for listing on its platform, the Axxela Funding 1 PLC ₦11.50 billion Series 1 Bond under its ₦50.00 billion Bond Programme (the Axxela Bond).

Axxela Funding 1 PLC is a special purpose vehicle (SPV) incorporated by Axxela Limited to raise funds through the issuance of debt securities in the domestic capital market. Axxela Limited, owned by Helios Investment Partners, is a natural gas shipping company on the West African Gas Pipeline, providing unique energy solutions with presence in Nigeria and gas export operations in neighbouring West African countries.

The admittance of the Axxela bond is testament to the opportunities which the DCM avails to corporates in diverse business areas and further, to the potential of the market to support stakeholders effectively even as they carry on their activities in the face of the pandemic.

The Axxela bond, by its listing on FMDQ, shall be admitted onto the FMDQ Daily Quotations List; thus, promoting the much-needed transparency for investors and providing a credible basis for portfolio valuation daily.

Also, through the global visibility which the FMDQ website and systems guarantee, the corporate profile of the issuer is raised even further ahead of tapping into other opportunities in the Nigerian capital market.

FMDQ Group is Africa’s first vertically integrated financial market infrastructure (FMI) group which provides a one-stop platform for the seamless and cost-efficient execution, risk management, clearing, settlement, depository and data and information services for the Nigerian financial market, through its subsidiaries – FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited.

71% of house owners lack proof of ownership in Nigeria – NBS

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71% of house owners lack proof of ownership in Nigeria – NBS

71% of households do not have evidence to prove the ownership of their homes, according to the Nigeria Living Standards Survey (NLSS) report by the National Bureau of Statistics (NBS).

The survey shows that only 13% of households have title deeds; 9% have a survey plan, and 3% have payment receipts. A lack of proper documentation indicates houses that are either illegally owned or built.

The household data for the Nigeria Living Standards Survey (NLSS). NLSS 2018-19 is the first large scale household survey in a decade, focusing on measuring the living conditions of the population, conducted by the Bureau.

The main objectives of the NLSS 2018-19 are

  1. to provide critical information for the production of a wide range of socio-economic and demographic indicators, including for benchmarking and monitoring of Sustainable Development Goals (SDGs);
  2. to monitor progress in the population’s welfare;
  3. to provide statistical evidence and measure the impact on households of a current and anticipated government policies.

According to the report, more than 42 percent of households in Nigeria resides in compound houses, 21.4 percent live in separate houses and 16.3 percent in apartments.

The survey indicates that both in rural and urban areas the major share of households resides in compound housing, 35.3 and 47.5 percent in urban and rural areas respectively.

Also, more than 54 percent of households own the dwelling in which they reside, while 25.8 percent rent the housing. The share of renters is 49.2 percent in urban areas, whereas in rural areas only 10.4 percent rent the dwelling.

The largest share of households who rent is in Lagos – 68.3 percent and lowest is in Zamfara and Jigawa- 1.4 percent.

About 60.7 percent of households reside in housing with cement or concrete walls, that share is higher in urban areas, 86.4 percent and 43.8 percent in rural areas.

However, 31.5 of households live in houses made of mud walls. In Zamfara state more than 81 percent dwell in houses with mud walls.

Roofing in 57.8 percent of households is made of corrugated iron sheets, followed by zinc sheet for 18.3 percent of households. Roofing made of thatch is observed in 13 percent of households among rural residents.

In 70.3 percent of household, the flooring material is made of cement or concrete.
However, mud and straw/sand flooring reported among 14.1 and 5.6 percent of
households respectively.

Two-room dwellings are occupied by 31.9 percent of households; in one-roomed housing reside close to 24.5 percent of households.

Nigeria Living Standard Survey (NLSS) is a nationwide intervention and a collaborative effort of multiple agencies. The intervention has been led by the National Bureau of Statistics (NBS) with technical assistance from the World Bank.

Only 5.7% of Nigerian households received remittances from abroad – NBS

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Only 5.7% of Nigerian households received remittances from abroad – NBS

Only 5.7% of households in Nigeria were recipients of remittances from international sources between 2018 and 2019, while 52.7% of Nigerian households received their remittances from within the country.

This was reported in the “Household data for the Nigeria Living Standards Survey (NLSS), NLSS 2018-19” collected for the first large scale household survey in a decade, focusing on measuring living conditions of the population between September of 2018 and October of 2019, by the National Bureau of Statistics (NBS).

Nigeria Living Standard Survey (NLSS) is a nationwide intervention and a collaborative effort of multiple agencies. The intervention has been led by the National Bureau of Statistics (NBS) with technical assistance from the World Bank.

The average national remittance stood at ₦84,841, with over 80% of the funds being used for consumption. Kebbi, Edo and Ogun state received the highest amounts.

The state of Kebbi has the largest share of household-remittance-recipients – 81.4 per cent and the state of Sokoto has the lowest number, only 5.6 per cent receive any remittance.

The average value of domestic remittance is 62,492 Naira and of international remittance is 84,741 Naira. More than 80 per cent of households who receive remittance report using the transfers for consumption purposes.

It also noted that the highest household size is in Jigawa state at 8.15 persons and the lowest is in Ekiti state where on average the household is composed of 3.5 family members.

NBS further stated: “On average 18.8 percent of households in Nigeria is headed by a female household member. That share is generally higher in urban areas at 21.4 percent as against 17.1 percent in rural areas.

“The lowest share of female-headed households is in Niger state with only 1.9 percent and highest is in Ebonyi State with 36.0 percent.”

Download the full Nigeria Living Standards Survey 2018 – 2019 Report

Union Dicon Salt, Medview Airline and 11 Others Default in Post First Deficiency Notification For Q1 2020 UFS

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Union Dicon Salt, Medview Airline and 11 Others Default in Post First Deficiency Notification For Q1 2020 UFS

The Nigerian Stock Exchange hereby informs the general public that the companies listed below have failed to comply with The Exchange’s directive to issue a Press Release as set forth in the Deficiency Filing Notice (DFN) issued to them.

The above-listed companies’ Unaudited Financial Statement (UFS) became due on 29 June 2020, is the extended due date as granted by The Exchange.

Defaulting Companies

By virtue of non-filing of the UFS by the due date, the companies have violated Rule 1.1.2, Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of The Exchange (Issuers’ Rules) (“the Rules”), which provides that:

“Every Issuer shall file its unaudited quarterly accounts not later than thirty (30) calendar days after the relevant quarter, and publish it within five (5) business days after the date of filing, in at least two (2) national daily newspapers, and post it on the company’s website, with the web address disclosed in the newspaper publication. An electronic copy of the publication shall be filed with The Exchange on the same day as the newspaper publication.”

Pursuant to the provisions of Rule 2.2.1 of the Rules, The Exchange had issued a DFN to the aforementioned companies. The purpose of the DFN was to notify the companies of their infraction, and to grant them three (3) days to provide the following information to the public through the medium of a press release:

  1. a)That the relevant UFS had not been filed by the due date;
  2. b)A detailed explanation of the reason(s) for the delay; and
  3. c)The anticipated filing date, or state that the company is unable to indicate an anticipated filing date, and reasons for such inability to indicate the anticipated filing date.

The defaulting companies failed to comply with The Exchange’s directives set forth in the DFN and in light of the companies’ continued breach of Rule 2.2.1 of the Rules, and in line with the requirements of Rule 2.2.2, The Exchange hereby advises the investing public as follows:

  1. a)A DFN has been issued against the aforelisted companies; and
  2. b)Investors are advised to trade with caution on the securities of these companies in the absence of up to date financial information on them.

The investing public is further advised that The Exchange will continue to engage with these companies and may take the following additional steps should they fail to comply, and file their UFS within the ninety-day cure period stipulated by Rule 3.1 of the Rules, i.e. 27 September 2020:

  1. a)  Send to the aforelisted companies a “Second Filing Deficiency Notification” within two (2) business days after 27 September 2020; and
  2. b)Suspend trading in the companies’ securities.

Kachi Onubogu promised a balanced representation in the NIMN council

Brand Spur
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Kachi Onubogu promised a balanced representation in the NIMN council

The Chief Executive Officer of Frutta Juice and Services, Dr Onyekachi Onubogu, has pledged to serve as a bridge between the Town and Gown, as well as bringing his wealth of professional intellectual and academic experience to the better the fortune of the National Institute of Marketing of Nigeria, NIMN if elected the 1st vice president in the forthcoming election.

Dr Onubogu is standing in an election against the following marketing personalities- Mr Idorenyen Enang, former MD, Samsung, Dr Umar Mustapha and Mrs Ifeoma Emasiana-Dike coming up on July 9-15, 2020, in Lagos.

Chief Executive Officer of Frutta Juice and Services, Dr Onyekachi Onubogu

Among these eminent marketing personalities, industry experts believe that Dr Onubogu stands a better chance having served the institute in several capacities in the last three years.

It is gathered that in the last 3 years, Dr Onubogu has functioned as the chairman of the committee tasked with reviewing the indebtedness and financial challenges of the Institute, he has also chaired the Events Committee of the Institute that organised Abuja Annual General Meeting and Port Harcourt Annual General Meeting.

Dr Onyekachi Onubogu

Professionally, Dr Onubogu, who has had over 25 years in marketing and related field, has worked with Procter & Gamble, Guinness Nigeria, Promasidor, and TGI and now as CEO of Frutta Juice and Services.

According to the Frutta Juice’s boss, “I’ll bring a wealth of professional intellectual and academic experience to the Institute and I will serve as a bridge between the Town and Gown, adding that “we have done so much in the last 3 years for the Institute, and my goal as 1st VP is summed up in three words- Engage, Envision and Energise,” he enthused.

Having chaired the committee on the event and financial challenges for the Institute, Dr Onubogu said, I will work with the council to create varying platforms to engage marketers and would-be marketers with NIMN.

On his principle of engagement, the renowned marketing practitioner said, “We will take NIMN closer to the marketers via chapter expansion and truly support chapters to be beacons of learning support and engagement for all.”

“I will work with council and the academia to build an e-library that will serve as a marketing resource for all marketing professionals and we will create a platform that taps into the knowledge bank of our marketing gurus to talk about discourse and topical marketing issues of today,” he announced.

To Energise, Onubogu stated that we will create excitement around our AGM’s and seek closer collaboration with similar professional bodies.

Highlighting further through he said, “We will through our supervisory Ministry, engage government in marketing Nigeria and providing opportunities for marketers to have a voice in shaping the Nigerian discourse.  We can’t be marketers only in NIMN but we must give our profession relevant and exciting marketing can’t be dull,” he added.

People must want to join us because we are engaging, exciting and reflect the values and aspirations they live for.

On his mantra of envisioning, the former executive director at TGI said, “We must create a vision of the Institute we want long after we have left it. I don’t believe the NIMN of today is the same NIMN we will be tomorrow.  I will work with the council to craft and a NIMN relevant for marketing tomorrow but also bring value to marketing professionals across Nigeria.”

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