Imo Air introduces Easter package for passengers

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Imo Air introduces Easter package for passengers

Imo Air, operated by Dana Air, has announced special Easter package for passengers flying to Owerri.

The Media and Communications Manager of the airline, Mr Kingsley Ezenwa, said those flying into and out of Imo during the Easter celebrations will get bumper miles if they book their tickets ahead.

“Easter is a period of sacrifice and as part of efforts toward appreciating our frequent flyers and loyal guests since we commenced operations on Jan. 24, we have decided to surprise them with the `Miles splash promo’.

“This will see most of them earning free tickets and upgrades to the Silver and Gold membership tier of our frequent flyer programme, ” Ezenwa said in a statement in Lagos on Saturday.

According to him, the airline is fully prepared to offer the best of service to its guests, most of who will be travelling to the East to see their families and friends during the Easter season.

Ezenwa, who noted that the promo would further encourage family bonding, advised the airline’s guests to take advantage of the low fares and multiple payment platforms.

He said the airline would soon unveil more customer-friendly initiatives and partnerships.

Imo Air, operated by Dana Air, is a partnership between the Imo Government and the airline, one of Nigeria’s leading airlines.

The initiative is aimed at boosting commercial activities, provide employment opportunities and boost tourism in the state and the South-East.

 

 

(NAN)

Nigerians Can Now Initiate Their Driver’s License Online

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Nigerians Can Now Initiate Their Driver’s License Online

In the spirit of the continuous revamping of processes of public ventures and ease of making transactions which has seen the Nigerian Immigration service launch a 48-hour online visa application system for businesspersons, the Federal Road Safety Corp has introduced a new and easier way of requesting and renewing driver’s license in all the states of the federation.

The improved means which was announced by the Director-General of Bureau of Public Service, Dr Joe Abah through his Twitter handle (@DrJoeAbah) has the official costs of a driver’s license at N6,350 for 3 years validity and N10,450 for 5 years validity.

Explaining the costs and the process, Dr Joe Abah stated the price above is solely for the license and not for any other thing. In essence, the process may incur other expenses which are by no means catered for in the 6,350, and 10,450 price groups respectively.

First-time applicants are expected, as a norm, to have gone through driving school where they must have taken driving tests and issued certificates of proficiency which will allow them to apply for the license. All costs incurred during this process are not covered by the license fee.

Dr Abah explained further that it is possible for Vehicle Inspection Officers who control the issuance of driving certificates at states level to charge certain amounts on certificates, which vary per states for driving certificates, different from the license fee. The state internal revenues board may also charge certain amounts for each license. This also varies by state. Taking driving lessons and tests are the normal procedure for the procurement of a driving license. The will to fraudulently bypass this process is taken as the main reason some applicants pay touts and fake officers double the stipulated fees.

The process for renewal is similar to that of new applicants except for the tests and certificates. For renewals and new applications, motorists are to log on to www.nigeriadriverslicence.org where they would initiate their renewal and pay the appropriate fees. The data page is then to be printed and taken to the nearest FRSC office for the necessary confirmations and affirmations.

In all this, however, the interesting part is that the application can now be self-initiated, with only minor confirmations, certifications, and tests to be completed at the branches of the Federal Road Service Corp. This will not only fast-track the process of applying for a license, it blocks, to an extent, avenues for corrupt officials to extort Nigerians.

 

 

(VenturesAfrica)

Kellogg’s shrinks Coco Pops boxes as it launches new lower sugar recipe

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Kellogg’s shrinks Coco Pops boxes as it launches new lower sugar recipe

Kellogg’s said the reduction in weight was down to a cut in sugar levels, and not a result of ‘shrinkflation’

A CHANGE in recipe means boxes of Coco Pops have shrunk – but prices remain the same.

Kellogg’s, the manufacturer of the breakfast cereal favourite, has cut down the level of sugar in the Coco Pops recipe by 14 per cent, which has resulted in lighter packets.

A big box of Coco Pops has been reduced from 800g to 720g, while the 550g box now weighs 510g.

The new, lighter packs rolled out in February cost the same as the old boxes, at £3.75 (large box) and £2.69 (smaller box)

The new, lighter packs rolled out in February cost the same as the old boxes, at £3.75 (large box) and £2.69 (smaller box)

According to trade magazine The Grocer, the new, lighter packs rolled out in February cost the same as the old boxes, at £3.75 (large box) and £2.69 (smaller box) in most supermarkets.

A spokesperson for Kellogg’s said that although the boxes are lighter, each pack actually contains more Coco Pops.

They said: “By removing some of the sugar in the recipe and changing the coating, each Coco Pop weighs less than the previous recipe.

“This has resulted in some of the packs weighing less. However, the number of Coco Pops in each box has actually increased by more than 10 per cent.

“For example, the 550g box now weighs 510g but the number of Coco Pops per box has increased from approximately 14,500 to 16,500. That’s a 15 per cent increase.”

The shrinking of food packaging while keeping prices the same has been dubbed “Shrinkflation”,  but Kellogg’s says its reduction in weight is only because of the change in recipe.

Kellogg’s said that by removing some of the sugar in the recipe and changing the coating, each Coco Pop weighs less than the previous recipe

Kellogg’s said that by removing some of the sugar in the recipe and changing the coating, each Coco Pop weighs less than the previous recipe

Since the EU referendum last June, manufacturers and supermarkets have been quietly cutting the weight of their products while keeping prices the same.

Research undertaken for Channel 4 Dispatches recently found that packs of British bangers from Sainsbury’s, turkey fillets from Asda, and frozen chips from Iceland have all been cut down in size – but not in price.

Shrinkflation has also hit a number of well-known chocolate bars, such as Kit Kat and Toblerone, which notoriously spread out its pyramids towards the end of last year.

The Sun Online has also reported how Birds Eye has already shrunk packs of fish fingers, and Tropicana has reduced the size of orange cartons – but the price has stayed the same.

 

 

 

(ThesunUk)

 

RB CELEBRATES WORLD HEALTH DAY WITH OGUN STATE, PLEDGES COMMITTMENT TO HEALTHY NIGERIA

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RB CELEBRATES WORLD HEALTH DAY WITH OGUN STATE, PLEDGES COMMITTMENT TO HEALTHY NIGERIA

Reckitt Benckiser, RB, world’s leading consumer health and hygiene Company has restated its commitment to a clean and healthy Nigeria that will boost the capacity and productivity of the citizens

The initiativeunder the “Clean Healthy Naija”programme encompasses a number of steps geared towards awareness creation, education and behavioural change to achieve a cleaner and healthier Nigeria.

Mr. Ataur RashidSafdar, RB’s Senior Vice President for Africa, who led the RB’s delegation on a courtesy visit to His Excellency, Governor Ibikunle Amosun of Ogun State last Friday, as part of activities marking the World Health Day, explained that RB’s Vision for Nigeria is where people are healthier and live better.

He noted that Ogun State is very critical to the nation’s development because of its investment friendly climate and policies, which he said can propel the development of the state and the nation at large.

The “Clean Healthy Naija” initiative, according to Mr. Safdar is aimed at reducing child mortality from preventable diseases like diarrhea, malaria in line with United Nations Sustainable Development Goals of 2030. The program will improve public health and sanitation which and end the menace of open defecation in the country.

Sadfar also informed the governor that the company will later in the year, commission a world class redistribution warehouse as part of the new marketing strategy to distribute their products across Nigeria and West Africa.

Also, speaking on the occasion, Rahul Murgai, Managing Director, RB, West Africa, stated that the company has been in the country for over five decades and described Nigeria as one of the most important growth markets and the reference point for other African business development growth strategies.

Murgai maintained that celebrating the 2017 World Health Day in Ogun State is paramount to the company because the state remains the gateway to the nation and the West African sub-region.

He reinforced the company’s commitment to Ogun state, where RB has invested in a state of the art manufacturing facility and is now building a world class warehouse that will increase the ability to service markets and create opportunities for employment in the state that will help further the economy.

In addition to manufacturing investments in Ogun state, RB through its ‘Clean Naija’ program aims to increase the intensity of education and awareness building in the state among mothers and school children in Ogun state to drive a culture of good health and hygiene.

Chairman of the Company, Chief OluFalomo also thanked the governor for the warm reception and commended the giant strides recorded by his administration in the last six years.

In his response, His Excellency, the Governor of Ogun State, Ibikunle Amosun lauded RB for the commendable initiative and reiterated his government’s commitment to providing a safer environment that will guarantee robust and healthier lifestyle for Nigerians.

He also thanked the RB delegation for investing in Ogun state as Nigeria remains the epicenter for developing markets in WesternAfrica.He equally informed the delegation that he looks forward to commissioning the new warehouse later in the year.

RB, with a heritage in Nigeria spans over 53 years has a strong portfolio of global brands in health, hygiene and home solutions such as Dettol, Nurofen, Strepsils, Gaviscon, Durex, Dettol, Harpic, Mortein, and  Air Wick.

E-Volo Unveils Volocopter 2X, The 18 Rotor Flying Taxi

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E-Volo Unveils Volocopter 2X, The 18 Rotor Flying Taxi

Volocopter has long since been developing their 18 rotor multi-copters, and after six years in the making, the German startup has premiered the volocopter 2X at AERO in Friedrichshafen. the 2X model marks the evolution of the VC200 prototype towards everyday use, using a battery replacement system that allows for a quick swap between journeys. the 2X also sees the streamlining of the multi- copter’s design, incorporating glazed doors and upholstered leather seats into the two-man cockpit below the delicate rotor plane. the craft can also be controlled via a remote and is even capable of flying completely autonomously.


The volocopter 2X is a Vertical Take-Off and Landing (VTOL) craft powered purely by electricity, meaning the vehicle is emission free and makes very little noise in comparison to other VTOL aircraft. The ultralight aircraft is easy to manoeuvre, and following the granting of ‘multicopter’ certification, will be able to be flown by anyone with a sports pilot license. however, the those without a license need not miss out, since the volocopter plan to use the aircraft as flying taxis come 2018.

Although the design of the 2X also allows for remote-controlled or even completely autonomous flights, for the first flying taxi pilot projects, e-volo assumes the volocopter 2X will still be pilot-controlled due to currently applicable regulations. nonetheless, remote-controlled or autonomous taxi flights will be able to be carried out unmanned as necessary.

Following the granting of a ‘multicopter’ type certification that will be created under the new german UL category, the 2X is set to become available on the german market in 2018. E-volo also plan to work on developing a 4-seater copter with international approval.

Image result for Volocopter

 

 

FG Declares Mondays And Wednesdays As Made-In-Nigeria Dress Day

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FG Declares Mondays And Wednesdays As Made-In-Nigeria Dress Day

The Federal Government of Nigeria has approved the adoption of Mondays and Wednesdays every week, as Made-in-Nigeria Dress Days across the country.

The approval was contained in a letter from the Federal Ministry of Information & Culture, dated 4th April, 2017, and addressed to the Executive Secretary of National Institute for Cultural Orientation (NICO), Barclays Foubiri Ayakoroma.

The letter, signed by Umar Lamba for the Permanent Secretary, Ayotunde Adesugba, reads in part: “The Federal Executive Council (FEC), at its meeting of Wednesday, 1st February, 2017, has approved the adoption of Mondays and Wednesdays of every week as Made-in-Nigeria Dress Days as part of measures to uplift the nation’s culture and promote Made-in-Nigeria textile products”.

Government further directed that a presentation on the Made-in-Nigeria Campaign be made to the National Economic Council to secure the buy-in of State Governments.

As a result, the Minister of Information & Culture, Lai Mohammed, has directed the Management of NICO to provide a comprehensive proposal on how to effectively implement the policy in a manner that would encourage all Nigerians to conveniently observe the Made-in-Nigeria Dress Days.

Recall that the Management of NICO had, in 2010, submitted a memo at the National Council on Culture and Tourism (NCCT), seeking government’s approval to declare Mondays, Wednesdays and Fridays, as what the Institute called, “Dress Nigeria Days” to boost our identity as a people as well as revive our moribund textile industry.

Reacting to the Government’s approval for Made-in-Nigeria Dress Days, the Executive Secretary of NICO, Dr. Barclays Foubiri Ayakoroma, told NICO News that, for him, it is one major breakthrough so far recorded by his administration in the Institute.

 

(tvcnews)

Naira Slides To 405/$ Amid Tight Dollar Supply

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Naira Slides To 405/$ Amid Tight Dollar Supply

The naira slid to 405 against the United States dollar on the parallel market on Friday amid tight supply of the greenback.

This was despite a series of currency forwards sold by the Central Bank of Nigeria this week aimed at clearing demand for the US currency on the official market, traders said.

The local unit had dropped to 397/dollar on Thursday, after hovering between 390 and 395 earlier in the week.

Following series of CBN interventions in the interbank market and fresh dollar injections for invisible transactions, the naira had appreciated to 375/dollar.

Analysts have reacted to the latest rebound of the dollar, saying speculators might be responsible for the loss recorded by the naira.

“The Nigerian economy is an import-dependent one. It is a question of demand and supply and the issue here has to do with liquidity. However, we cannot rule out the activities of speculators in this regard,” a currency expert at Ecobank Nigeria, Mr. Kunle Ezun, said.

The CBN had on Thursday offered $100m in currency forwards to be settled within 60 days.

The central bank has been selling dollars to try to narrow the spread between the naira’s official and black market exchange rates.

On Wednesday, the CBN intervened in the Bureau de Change segment of the market, selling $10,000 to operators aside the $10,000 it sold to them on Tuesday.

The central bank had also on Monday injected $240m into the foreign exchange market.

Specifically, it released the sum of $90m to meet requests for invisibles such as business travel and personal travel allowances, medical and school fees, while the sum of $150m was also made available to authorised dealers in the interbank wholesale auction window on the same day.

Economic and financial analysts said the spate of interventions and dollar supply by the central bank would determine the direction of the naira in the coming weeks.

The naira closed at 306.2 to the dollar at the interbank market on Thursday, same level it closed the previous day.

 

 

(InvestorKing)

NAIRA GAINS AS THE CBN TRIES TO CATCH A FALLING KNIFE – LBS EXECUTIVE BREAKFAST SESSION (APRIL 2017)

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NAIRA GAINS AS THE CBN TRIES TO CATCH A FALLING KNIFE – LBS EXECUTIVE BREAKFAST SESSION (APRIL 2017)

A strong naira is not synonymous with a strong economy. The naira has gained 25% since February 2017 on the back of 12 interventions of a total of $2.27bn. The questions on the lips of Nigerians are:

-Is this for real?!

-Is it sustainable?!

-And what next?!

Simple economics tells us that, without a change in the market structure, gains in the exchange rate are likely to be temporary and transient. Surges in supply with no policy shift will only entrench multiple exchange rates and encourage arbitrage.

The CBN is increasing Forex supply with good intentions, but as they say “the road to hell is paved with good intentions”. Whilst Nigerians ponder on how much the naira will gain, we see the CBN trying to catch a falling knife without sustaining any wounds.

In this edition of the LBS Breakfast Club, Bismarck Rewane and the FDC Think Tank explains the economics of exchange rates and the impact of a strong naira on sectors of the economy and your business.

Enjoy your read…

Click here to read the full report…

 

All is set for the Lagos Beer Festival

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All is set for the Lagos Beer Festival

“The Beer Festival, Lagos is a celebration of our shared drink culture and our love for life”

More than just a Festival…It’s a Lifestyle…

It’s a weekend of diverse, all-inclusive beer adventure plus a weekend to indulge in a lifestyle where your biggest decision will be how to pick which activity to attend. 

It all happening from April 22-23 2017, at the National Stadium, Surulere-Lagos. The Beer Festival, Lagos will hold side-by-side with the annual Lagos International Food and Drinks Festival. 

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Beer fans can expect to experience the largest display ever of beer assortments (over 60 brands!). There will also be a massive abundance of wines and champagnes, distilled spirits, vodka, tequila, rum, whiskey, gin, brandy, absinthe, ouzo and liqueur drinks. 

The weekend promises non-stop entertainment including a variety of brewers, food stalls, live music, games, comedy and sweepstakes. 

The Festival’s beer guides will take visitors around while they meet the brewers and sample a variety of beers, beer cocktails demonstrations and participate in blind tastings. And as if that’s not enough, there will also be a beer judging competition, beer merchandise for sale, lucky draws, and raffles. 

At the festival, soccer fans will not miss out on any action and can watch live premier league actions on Saturday and Sunday on big screens at the Festival!

Festival drinkers are encouraged to book tables of at least four people, and bring friends, family and work colleagues to enjoy barbeque and live music washed down with beer served by smart, pretty ushers.

For more, check: https://www.lagosfoodanddrinksfest.com/programme

In recessive year, Okomu Oil made NGN4 billion profit

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In recessive year, Okomu Oil made NGN4 billion profit

The Nigerian recession has been a blessing in disguise to Okomu Oil Palm PLC.

Despite tough challenges facing local manufacturers, the company is reporting 88.4% jump in its 2016 full year profit.

Total profit for the year was NGN4.9 billion compared to NGN2.6 billion in the previous year.

Headline revenue rose to NGN14 billion compared to NGN9 billion reported in the year 2015. As a sign of the high inflation in prices of raw materials, the company said the item rose to NGN3 billion compared to NGN1 billion in the previous year.

Gross profit for the year was NGN6 billion compared to NGN3 billion in the previous year. Okomu Oil said its cost of borrowing has more than also doubled what it paid for getting credit in the previous year.

Cost of funds rose to NGN1.3 billion compared to NGN429 million in the previous year.

 

Total assets rose by NGN4 billion to NGN24 billion. Its total liabilities actually fell to NGN7.4 billion compared to NGN7.9 billion in the previous year.

Gbenga Oyebode, the Chairman of Okomu Oil told shareholders in his remarks that the company produced a total of 168 million litres of palm oil which resulted in 36 thousand tonnes.

Corporate information
Okomu Oil Palm Company Plc is a Nigeria-based company engaged in cultivation of oil palm, processing of fresh fruit bunches into crude palm oil for resale, rubber plantation and processing of rubber lumps to rubber cake for export. The Company operates through two segments: Palm oil products and Rubber products.

The Company produces Banga cooking oil and natural rubber products. The Company’s plantation carries on the business of oil palm and rubber cultivation. The Company has ongoing plantation operations in Cote D’ivoire, Liberia, Guinea, Cameroon, Kenya and Indonesia.

To read more about the report, click here>>>

(pageone.ng)

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