Delta Electronics and JTC Corporation Sign MOU for Smart Manufacturing Development and Training in Singapore

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SINGAPORE – Media OutReach – 24 October
2019 – Delta Electronics International (Singapore), a
provider of power and thermal management solutions, and JTC Corporation (JTC), the
lead government agency responsible  for developing
 industrial infrastructure to support and
catalyze the growth of industries and transforming existing enterprises in
Singapore, today signed an MOU for collaboration as strategic partners to drive
adoption of Industry 4.0 technology. Delta will set up an I4.0 Solutions and
Training Center to support JTC customers, upskill SME partners and provide advanced
automation solutions to tackle problem statements in Singapore’s manufacturing
industry.

Mr. Jackie Chang, Vice
President, Southeast Asia and
India of Delta Electronics, Inc., said, “Delta is greatly looking forward to
collaborating with JTC to support its customers with our deep domain knowledge
in electronics. We focus specifically on execution and address the immediate
challenges in connectivity and automation that Singapore’s SMEs face. At the
same time, Delta is enhancing advanced automation diagnosis, training and
consultation to foster the next generation of talents.” 

Mr Ng Lang, Chief Executive Officer of JTC, said
“With more businesses in our estates looking to transform their business
through digitalization, we see value in curating a spectrum of partners to help
them start, scale and sustain their Industry 4.0 journey and capture new opportunities
in the region. Specializing in industrial automation and smart city solutions,
Delta can lend their expertise and best practices to support more businesses on
their Industry 4.0 transformation.”

As a global smart
manufacturing and energy-efficient solutions provider, Delta helps customers
implement complete automated systems based on its rich experiences. For
efficient I4.0 operations, Delta’s PLC smart production demo line leveraged
Delta smart manufacturing solutions and smart machines to enhance its
production capacity by around 70%, reduce production space by around 35% and
increase direct human per capita output value by 3-5 times.

To help JTC’s customers
realize the benefits of adopting I4.0 technology in business operations, Delta
will set up a I4.0 Solutions and Training Center to support the following key
elements of the JTC-Delta Industry Transformation Initiative (JTC-Delta
ITI): 

 

  • I4.0 Connectivity and Digitalization Package: Delta will identify JTC’s customers’ Industrial Internet
    of Things (IIoT) readiness and recommend suitable solutions for the
    digitalization of the production line. This includes both hardware such as
    sensors for data collection and Manufacturing Management Platform (MMP) for
    production, equipment, alarm and quality management for data visualization.
  • Proof of Concepts (POC): Delta will work with the enterprises and provide a
    platform and ecosystem, to come up with POCs to test-bed relevant advanced manufacturing
    solutions on industry problem statements. Using these POCs, Delta will train
    and support the enterprises to see through implementation of advanced manufacturing
    solutions.
  • I4.0 Training Centre: Delta will set up an
    I4.0 Centre to co-develop and co-deliver training content in leading Advanced
    Manufacturing technologies and incorporate industry problems as part of
    training, to achieve strong manpower outcomes including but not limited to
    industry placements, job re-deployment and job expansion.
  • Delta Advanced Automation Cup: Delta will work with JTC customers to provide problem
    statements to propose and consider as Delta Cup themes. Delta will assist top
    Singapore technical universities to form teams to compete on a global platform
    and propose solutions to tackle problem statements on advanced manufacturing.

Delta joins JTC’s
network of I4.0 Partners to support JTC customers’ transformation journey in
the four broad categories: Diagnostic and Advisory, Enabling Technologies,
Training and Capability Development and Funding Support and Financing. JTC and
Delta will also cooperate to promote and increase awareness of the JTC-Delta
ITI and Delta will join JTC’s I4.0 related events and provide practical
training and technical advisory to JTC customers.

About Delta

Delta, founded in 1971, is a global provider of switching power supplies
and thermal management products with a thriving portfolio of smart energy-saving
systems and solutions in the fields of industrial automation, building
automation, telecom power, data center infrastructure, EV charging, renewable
energy, energy storage and display, to nurture the development of smart
manufacturing and sustainable cities.  As a world-class corporate citizen
guided by its mission statement, “To provide innovative, clean and
energy-efficient solutions for a better tomorrow,” Delta leverages its core
competence in high-efficiency power electronics and its CSR-embedded business
model to address key environmental issues, such as climate change.  Delta
serves customers through its sales offices, R&D centers and manufacturing
facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and
recognition for its business achievements, innovative technologies and
dedication to CSR. Since 2011, Delta has been listed on the DJSI World Index of
Dow Jones Sustainability™ Indices for 9 consecutive years. In 2017, Delta was
selected by CDP (formerly the Carbon Disclosure Project) for its Climate Change
Leadership Level for the 2nd consecutive year.

For detailed information about Delta, please visit:
www.deltaww.com

Introducing the First Multifunctional Baby Pod – Super Safe & Cosy for Sleep, Change, Play and Travel

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HONG KONG,
CHINA – Media OutReach – 24
October 2019 – The baby box is specially designed by a renowned
Singaporean designer and has been awarded a grant by the Design Singapore
Council. 

Angel Babybox, the luxurious multifunctional baby pod, can open up to become a playing & changing mat and flat pack away for travelling and storage.

The Angel
Babybox
has launched the first super-safe, multifunctional, cosy pod for
babies 0-6 months. It’s a beautifully designed luxurious, protective pod and
has been rigorously tested and awarded the same safety certification as cots
and cribs for domestic use (BSEN1130).

Ideal for modern parents, it’s an evolution of a
baby sleeping pod and a traditionally Finnish baby box which is a simple box
with a tight fitting crib sheet for the baby to sleep, providing an super
snuggly safe, comfortable cosy place for them. It’s also uniquely
multifunctional, it opens up to become a luxurious playing and changing mat and
flat packs away simply for travelling or storage.

Multifunctional,
luxurious, comfortable and convenient. Ergonomically designed and made with the
modern parent and baby in mind.

Sleep time. It’s a safe, soft and
sturdy sleeping pod. You can pop your baby down for a deep sleep, snooze or
just be! While you potter nearby.

Changing and
playtime.
It opens up to become a large soft cushioned playing
and changing mat.

Travel time. It is flat packs
away simply and is made of the highest quality lightweight, strong, durable, reinforced,
shock absorbing flexible foam. Ideal for families on the go it’s perfect for
taking with you on holiday or visiting friends and family and it folds away
saving valuable space at home.

Luxurious and soft
to the skin:
specially chosen materials, soft and luxurious
100% pure Japanese cotton for the comfort of your baby.

As safe as a cot

Lovingly made with care and thoughtfulness, the
clever designers at Angel Babybox can put mums, dads and carers minds at rest
in the knowledge that is even secure than a traditional pod.

They will be reassured to know that this pod has
achieved the same standards of safety as baby cots and is certified with the
highest UK safety standard, the BSEN 1130.It is so strong, safe and secure it
can hold 200N of strength and weight as well as being light.

The high sides, dual enhanced fasteners and
sturdy base gives the pod improved safety, usability and comfort. There are no
soft, loose bedding in the baby’s sleep area, except for a tight fitting crib
sheet.  We say it’s the pod reborn for
the new generation.

Quick one-step
transformation


This new pod is set to be the modern family’s
baby essential. The larger opening to smaller base angled design ergonomically
facilitates easy management of carrying your little baby bundles in and out. The pod is compact, light, easy to assemble, and
transport in its carry case, making it for it’s so easy to take away or pack
away.

The highest quality
products used


The Angel Babybox people travelled the world to
find the safest, most luxurious, modern and ecological materials to create this
essential for all baby homes.  It’s made
of ecological, and soft 100 percent pure Japanese cotton and non-toxic foam so
it is comfortable with a luxurious feel for your baby.

Availability

The Angel Babybox retails at HKD2,450 and is
available for pre-order now. https://angel-babybox.com

Angel Babybox can be used as a 1) Sleeping
pod/cot, 2) Playmat, 3) Dressing Mat and 4) Travelling Cot 5) Gift Box and
keepsake when baby has grown.

Product Specifications Product Dimensions:

920 x 540 x 250mm
(Closed Box) 1350 x 1130 x 10mm (Opened Mat) 920 x 540 x 80mm (Flat Pack)

Weight: 8.5kg including
packaging and lid Materials
Base:
Non-toxic EVA foam.  

Base cover
(Standard):
Eco-friendly 100% Japanese cotton. The lid
structure is made from the same Non-toxic foam wrapped with the same cotton

Cyberport Catalyses Growth in Tech Investment

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Fuelling the rise in corporate venture funding with regional heavyweights at the Cyberport Venture Capital Forum 2019 on Nov 5-6

 

HONG KONG, CHINA – Media OutReach – 24 Oct 2019 – Cyberport
Venture Capital Forum (CVCF), Cyberport’s annual major tech investment event, will return on 5-6 November. The event will map out the latest trends in the tech venture capital market with a world class roster
of top investors, industry
leaders, tech companies in the region, as well as rising stars from the
Cyberport community through a plethora of illuminating keynotes and panel discussions. Cyberport will also be announcing the investment-matching achievements
of its investment platform Cyberport Investors Network (CIN) as it celebrates
its second anniversary.

The event’s
overarching theme “New Frontier of Tech Venturing” will uncover the
multi-faceted dimensions of tech funding, including the rise of corporate venturing,
outlook on the tech investment scene in the US, China and the Belt & Road
region, strategy formulation for family and early stage investments, new
funding tech platforms and more.

Peter Yan, CEO of
Cyberport
, states that, “As
corporations have come to realise how innovation and technology is essential to
gaining a competitive edge, the appetite for strategic investment in the area
is stronger than ever before. We are pleased to see the growing desire for
digital transformation and continuous growth in corporate venturing. As a key
driver of Hong Kong’s new economy, Cyberport will continue to connect venture
capitalist, enterprises and start-ups through the Cyberport Venture Capital
Forum, the Cyberport Investors Network and its vast enterprise network to find
solutions for market pain points and bridge potential start-ups with investors.”

To showcase Cyberport companies’ cutting edge
innovative technologies and facilitate investment matching, over 30 local start-ups, including many from
the Cyberport Community, will showcase their products and solutions at the Innovator Showcase,
while the Founder Stage will feature start-ups in the fields of
FinTech, InsurTech, digital entertainment, esports, and smart living to pitch
their innovative projects to investors. 
One-on-one onsite meetings will also be pre-scheduled based on mutual
investment appetites and funding demands via the forum’s exclusive online
Investor Matching platform to facilitate investment and fundraising opportunities.

This year’s forum has
an impressive line-up of more than 40 rising stars and top experts from major
industry players such as Gobi Partners China, Tencent Investment, IESE Business
School, C Ventures, PM Equity Partner, Telstra Ventures, China Resources
Capital Management, CLP Holdings Limited, Prudential Corporation Asia, Alibaba
Hong Kong Entrepreneurs Fund, Happiness Capital, Radiant Venture Capital, Hendale
Capital and CoCoon Ignite Ventures
amongst many others.  

Michael Zhu, Managing Partner of Gobi
Partners China,
will headline the
event with an in-depth overview of current market development as well as future
trend predictions of the high-tech venture investment in China and along the
Belt and Road countries. Josemaria Siota, Director of Research of IESE
Business School,
will also dispel myths of corporate venturing backed by
results from his recent report findings.

Other panel
discussions will explore industry related hot topics such as family ventures,
early stage investing and investor-investee synergy, innovative funding
platforms disrupting the tech capital market, and tech investment market outlook
along the Belt & Road region and China. There will also be discussions about
the US-China tech cold war impacting start-ups and cross-border capital flow.

Cyberport Investors
Network (CIN) continues to facilitate investment-matching as it celebrates its
second anniversary


Through CIN, which
was established specifically for the Cyberport Community, Cyberport has helped
start-ups raise capital while offering investment insight and experience. The network
has achieved remarkable investment-matching partnerships for the Cyberport
community over the past two years. Cindy Chow, Executive Director of Alibaba
Hong Kong Entrepreneurs Fund
, will succeed Duncan Chiu, Co-Founder and
Managing Director of Radiant Venture Capital,
at the forum as the new steering
group chairperson to continue to build on his success and accelerate the growth
of the start-up environment in Hong Kong.

CVCF is a highly
anticipated flagship tech venture event for investors and entrepreneurs in the
digital technology domain. For more
details of the Cyberport Venture Capital Forum 2019 programme rundown and full speaker line-up, please visit: http://cvcf.cyberport.hk/

Members of the media interested in interviewing the
speakers can fill in the interview request form and email it
to wendy.chan@creativegp.com by 1 Nov 2019.

About Cyberport

Cyberport is an innovative
digital community with over 1,400 start-ups and technology companies. It is
managed by Hong Kong Cyberport Management Company Limited, which is wholly
owned by the Hong Kong SAR Government. With a vision to be the hub for digital
technology thereby creating a new economic driver for Hong Kong.

Cyberport is committed to nurturing a vibrant tech
ecosystem by cultivating talent, promoting entrepreneurship among youth,
supporting start-ups on their growth journey, fostering industry development by
promoting strategic collaboration with local and international partners, and
integrating new and traditional economies by accelerating digital transformation
in the public and private sectors. For more information, please visit www.cyberport.hk

China Display Optoelectronics Technology Holdings Limited Announces Unaudited Financial and Operating Data for the First Three Quarters of 2019

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Revenue Increased by 78% YOY to RMB 4,545 million Driven by Orders of First-tier Brand Customers Sales Volume Increased by 144.1% YOY

 

HONG KONG, CHINA – Media
OutReach
 – 24 October 2019 – China Display
Optoelectronics Technology Holdings Limited
(“Ch Display Opt” or the
“Company”, together with its subsidiaries, the “Group”; HKSE stock code: 334) is pleased to announce its unaudited financial and
operating data for the nine months ended 30 September 2019 (the “Period”).

 

During the Period, the Group’s
revenue amounted to RMB4,545
million, representing a
year-on-year increase of 78.0%. In terms of the non-processing products, the
revenue of laminated LCD module products recorded a rise of 79.2% year on-year to RMB3,642 million;
the revenue of non-laminated LCD module products was RMB653 million, representing
an increase of 25.3% year-on-year. Driven by the orders placed by first-tier
brand customers, the Group’s sales volume increased by 144.1% year-on-year to
79.5 million units. The overall average selling price (excluding processing
modules) during the Period decreased by 3.4% year on-year to RMB75.7, because
the raw materials of certain products had been provided by customers directly
during the first half of 2019, thus the cost of such raw materials was not
reflected in the selling price for the relevant products. However, the overall
average selling price (excluding processing LCD modules) for the third quarter
increased by 2.3% year on-year to RMB87.9, due to the improvement in product
mix. During the Period, the Group’s revenue from processing products amounted
to RMB251 million.

 

In the meantime, the Group has been recognized by
various global first-tier brands after the vertical integration with Shenzhen
China Star Optoelectronics Technology Co., Ltd*(深圳市華星光電技術有限公司)together with its subsidiaries. By capitalizing on
the existing partnerships, the Group will continue to strengthen its customer
base, actively reduce costs and increase efficiency to maximize production
efficacy and effectiveness. At the same time, the Group will elevate its research
and development capabilities to enhance and prepare for developing advanced
display technology, including in-display fingerprint and AMOLED technologies,
so as to lay a solid foundation for future operation. Meanwhile, the Group is
also increasing its presence in the smart home and automotive display markets
to capture the immense opportunities therein, as well as expanding its business
horizontally.

 

Looking
ahead, the management of Ch Display Opt said, “It
is expected that the uncertainties of the global economy will continue to mount
up due to the Sino-US trade frictions and intensifying geopolitical tensions.
Although the development focus of the global semiconductor display industry has
gradually shifted to China, oversupply persisted during the Period. Meanwhile,
the volatility of the US market has also led to the reorganization of the
global smartphone market and the related supply chains. In the long run, the
Group still remains cautiously optimistic about the development prospects of
the display module business and believes that its competitiveness will be
further reinforced by improving the industrial value chain and enhancing its
technology and scale advantages. The Group will maintain a balance between
sales and healthy progress in the midst of challenges, and be committed to
creating greater value for the Group and its shareholders.”

 

The
Group’s revenue by product segment and respective year-on-year changes during the Period were as follows:

 

(Unaudited)

 

Nine months ended

 30 September 2019

(RMB’000)

Nine months ended

 30
September 2018

(RMB’000)

Change (%)

Sale of
TFT LCD module

Non-laminated
modules

652,889

520,889

+25.3%

Laminated modules

3,641,837

2,032,666

+79.2%

Processing TFT LCD module

Non-laminated modules

24,038

N/A

Laminated modules

226,716

N/A

Total

4,545,480

2,553,555

+78.0%

 

The
Group’s sales volume by product segment and respective year-on-year changes during the Period were as follows:

 

(Unaudited)

 

Nine months ended

 30 September 2019

(‘000 units)

Nine months ended

 30
September 2018

(‘000 units)

Change (%)

Sale of
TFT LCD module

Non-laminated
modules

15,068

11,916

+26.5%

Laminated modules

41,640

20,656

+101.6%

Processing TFT LCD module

Non-laminated modules

2,835

N/A

Laminated modules

19,968

N/A

Total

79,511

32,572

+144.1%

 

About China Display Optoelectronics Technology (334.HK)

Headquartered
in China, China Display Optoelectronics Technology Holdings Limited (HKSE stock
code: 334) is one of the major providers of small-to-medium-sized display
modules in the region. Ch Display Opt engages primarily in the research and
development, manufacturing, sales and distribution of LCD modules mainly for
devices on an ODM basis. Smartphone LCD module products of Ch Display Opt are
welcomed by domestic and overseas manufacturers,according to IHS MARKIT data, the company ranked No.5 in terms of handset products’ revenue among
Chinese display module makers during first half of 2019.

 

For more information, please visit its website at www.cdoth8.com.

 

Issued by Cornerstones Communications Ltd. on behalf of China Display Optoelectronics Technology
Holdings Limited
.

MTN Nigeria Clarifies Media Reports Regarding Implementation of USSD End User Billing Model

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We at MTN Nigeria Communications Plc (MTN Nigeria) approach every day with one primary objective – Finding ways to make our customers lives a little easier; which is why we will Focus on what really matters, our customers.

They are the reason we made transparency and simplicity central to the recent drawn-out engagements with the banks over USSD access charges and how they should be applied.

Following consultation with industry stakeholders, customer feedback and media reports related to the message notifying our customers of upcoming changes in our charging model for access to banking services via the USSD channel, we wish to confirm that the new charging model has not gone into effect.

The situation has made it necessary to restate that MTN Nigeria, in line with our company policy will always be transparent in our dealings with customers, the industry and relevant regulatory bodies. The SMS notification to our customers is reflective of This commitment and was sent after Formal requests received from individual banks as well as the Body of Bank CEOs to implement end-user billing – a billing methodology where the customer is directly charged USSD access fees irrespective of the service charges that the bank may subsequently apply to their bank account.

It should be noted that the banks had up-till now been on a corporate billing plan where a corporate client, the provider of the service that is accessed through the USSD channel (in this case the bank), pays the access fees at a wholesale price.

We believe the costs associated with USSD banking services should be charged to the consumer only once – as with other USSD based services we provide, which we believe has been adequately provisioned for within existing Central Bank of Nigeria (CBN) guidelines.

It is in fact in line with the National Financial Inclusion Strategy of the Federal Government that we resisted the calls for end-user billing. We relented only after exhausting avenues of engagement with the banks in pursuit of a model that enabled a single charge. We believe separate charges by the banks and telecoms companies are an unnecessary burden on the consumer especially the target group that the National Financial Inclusion Strategy is aimed at.

With this in mind, it is imperative for all parties to approach the fable and engage constructively towards a solution, putting the consumer at the Fore of all decisions. The banks have been and still are our esteemed customers and valued partners. We look forward to collaborating with them and other stakeholders and will be glad to implement the decisions approved by our Regulators.

FCMB Expands Branch Network, Opens Ultra-modern Branch in Oshodi (Photos)

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Residents and businesses in Oshodi, Lagos State, and its environs now have an opportunity to enjoy the excellent financial services offered by First City Monument Bank (FCMB).  This is because the Bank has opened an ultra-modern and full-service branch strategically located at 481, Agege Motor Road, opposite Arena Shopping Complex, at an impressive ceremony on Tuesday, October 22, 2019. 

With this development, customers of FCMB around the axis of Ladipo in Mushin now have another convenient location for their transactions to further enjoy the valued-added offerings which the Bank has been known for since its establishment 36 years ago. 

The opening of the new branch in Oshodi, one of the major business hubs in Lagos, is in line with FCMB’s strategic expansion drive and commitment towards bringing its banking services closer to the doorsteps of more people and businesses while promoting financial inclusion in Nigeria. 

FCMB’s new outlet in Oshodi has been equipped with a unique physical and technological infrastructure that will ensure convenient transactions and sundry financial service delivery to existing and potential customers in a relaxed and tranquil environment. 

Speaking at the opening ceremony, the Executive Director, Business Development of FCMB, Mrs. Bukola Smith, reiterated the Bank’s commitment to strategically grow its network and retail business to positively impact the individual and business aspirations of its ever-increasing customer base and the general public.

According to her: “Though most customers prefer to carry out transactions from wherever they are, using our highly convenient and secure alternative channels, such as our *329# USSD code, enhanced FCMBMobile, FCMBOnline, and ATMs spread across Nigeria, some still prefer human interaction when banking. This additional customer touchpoint will further boost our offerings in line with our core values of Execution, Professionalism, Innovation and Customer-focus (EPIC) in a conducive and convenient environment”.

Mrs. Smith reiterated that FCMB will continue to raise the bar in the way customers are served and the kind of environment under which such services are provided to meet their respective lifestyles. 

Also speaking, the Divisional Head, Service Management & Technology of FCMB, Mr. Oluwakayode Adigun, said, “our Oshodi branch, like other branches of FCMB across Nigeria, brings with it, something special in terms of structure and aesthetics. Part of our commitment to promoting a cleaner and greener environment, is by use of renewable energy and in this new branch, we have adopted solar technology which is a clean energy solution that produces minimal waste. It is non-pollutant and great for the environment”. 

Mr. Adigun, who was represented by the Group Head, Branch Services, Mr. Ademola Idowu, added that “the Branch will also offer excellent customer experience provided by our team of professionals. We are committed to scaling our operation, building the requisite capabilities while deploying the best ways to simplify banking for customers who use our robust technology platform”. 

In his goodwill message, the Chairman of Oshodi-Isolo Local Government, Alhaji Idris Muse-Ariyoh, commended FCMB for its giant strides in the financial services industry and immense support to its customers and their well-being.

The Chairman, who was represented by a top official of the Council, Hon. Toyin Smith, stated that “we have heard a lot about the good things this bank is doing all over the place. Now, we have been granted the privilege of experiencing first class financial service at its best for which FCMB is now well known for. As you know, Oshodi is one of the most economically significant areas in Lagos state with about 4million people and businesses. 

We need access to constant and easily accessible financial services in order to go about our individual and collective businesses. So, opening this ultra-modern branch is extremely welcomed. It will surely ease the stress of moving across town in search of these important services. FCMB has proved itself to be one of the major driving force of financial inclusion as initiated by the Central Bank of Nigeria (CBN). It is very noteworthy to say that all these have been done in a manner that is both reliable and customer-centric. So, on behalf of the people, institutions and associations present in Oshodi, we say a big thank you to FCMB”.

OVH Energy delights Customer with Toyota Yaris as Grand Prize to conclude its Oleum Scratch & Win Promo (Photos)

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Lagos, Nigeria – October 7, 2019: OVH Energy Marketing Ltd, licensee of the Oando retail brand and Nigeria’s leading provider of trusted petroleum products and services, has concluded its promotional campaign with a grand finale. The campaign tagged ‘Oando Oleum Awoof!’ was launched in May as part of the company’s efforts to reward its loyal lubricant customers. The grand finale which took place at the Oando Service Station, Marina, Lagos had over 1,000 lubricant customers in attendance, including the chairmen of the Nigerian Automobile Technicians Association (NATA) and the Motor Mechanics and Technicians Association of Nigeria (MOMTAN) respectively.

L-R: Group Head, Human Resources / Admin, OVH Energy, Olukemi Onabanjo; Acting Chief Marketing Officer, OVH Energy, Lilian Ikokwu; Grand Prize Winner of brand new Car, Oleum Awoof Promo, Onyedikachi Ezeani; Chief Executive Officer, OVH Energy, Huub Stokman and Company Secretary / Group Head, Legal, OVH Energy, Adaeze Nwakoby, during the Grand Prize Presentation of Oleum Awoof Promo at Apapa, Lagos…yesterday. PHOTO: KOLAWOLE ALLI

The grand finale featured five raffle draws and presented an opportunity for customers to win amazing prizes such as toolboxes, generators, televisions, motorcycles, tricycles, many consolation prizes and a brand new Toyota Yaris as the grand prize. In addition to the raffle draws, customers present benefited from educational talks in choosing the right oils for their vehicle types. The event also had in attendances graduates of the Oleum Academy who are now experts skilled in car diagnosis and repairs.

Speaking at the event on the initiative, Huub Stokman, Chief Executive Officer, OVH Energy reiterated that the campaign was not just to create awareness about Oleum Lubricants, but more importantly to reward loyal customers: “We launched this promotional campaign to appreciate our customers for making Oando Oleum Lubricants an essential part of their automobile maintenance  in the country. We are indeed excited that this grand finale coincides with the 2019 customer service week themed “The Magic of Service”. Our grand finale promo surely elicits the desired magical experiences for our customers and we are indeed proud of this initiative.

Mrs. Lillian Ikokwu, Acting Chief Marketing Officer, OVH Energy, in her response said that “since the commencement of the promo in May, we have held 10 raffle draws in Lagos, Ibadan, Abuja, Port Harcourt, Aba, Ilorin, Kaduna, Kano at select Oando retail stations and have rewarded over 50,000 customers with gifts such as generators, televisions, tricycles, motorcycles and much more. We always want our customers to understand that beyond sales, we care about them, the condition of their automobiles and their overall safety”.

“We sincerely appreciate the support, guidance and direction of the National Lottery Regulatory Commission, the Consumer Protection Council and the Lagos State Lottery Board in achieving a very transparent raffle event, she further added.

Winner of the grand prize, Mr. Onyedikachi Ezeani, a 33-year-old trader said “when I received the call that I had won a brand new Toyota Yaris, I didn’t believe the caller. Even after they told me the details of how and when to receive my gift, I still didn’t believe it. I rushed to the Oando station where I bought the lubricant to meet with the dealer who confirmed to me again it was true that I won. I am still in shock. I don’t even know how to respond to this. But I am really grateful to God and to OVH Energy for making this happen, for rewarding me with this brand new Toyota Yaris.”

OVH Energy is committed to shaping industry standards by providing trusted petroleum products and services in Nigeria. Its Oleum range of high-quality lubricants is formulated to the highest specifications to meet all modern engine requirements; guaranteeing maximum engine protection, increased fuel efficiency and optimal engine performance.

OVH Energy Marketing is the marketer of choice providing trusted petroleum products and services in Nigeria with expertise in jetty and terminal services as well as the marketing and distribution of refined petroleum products for retail, commercial and industrial purposes. 

Guinness Nigeria revenue drops by 4% as intense competition bite earnings

Guinness Nigeria Plc, a leading beverage and alcohol Company in Nigeria and a subsidiary of Diageo Plc, today announced its unaudited results for the quarter ended 30 September 2019.

The results which were released to the Nigerian Stock Exchange (NSE), showed that revenue for the period declined by 4% compared to the same period last year.

Guinness Nigeria Plc said that the challenging macroeconomic environment, coupled with the competition, unfavourable mix performance and excise duty increases on both beer and mainstream spirits negatively impacted its first-quarter results ending in September.

Revenue for the drinks company fell by 4% to N26.9bn from N28bn in the same period in 2018. Operating profit declined by 59% to N682m, from N1.67bn, driven by the drop in revenue.

Commenting on the results, the company said, These topline performance factors, and especially the excise duty increases, impacted our Gross Profit. However, operating profit reduction was mitigated by several cost line initiatives. Costs of sales benefited from improved efficiency plus a number of productivity initiatives, while distribution cost reduced by 16% through our efficient utilisation of fixed cost logistics assets.”

Administration expenses were flat due to productivity gains offsetting inflationary cost pressures.”

“Meanwhile, our marketing spends increased by 8% as we continue our focus to invest in building equity in our brands, and also on other opportunities identified by our use of tools and talent.”

Operating Profit has decreased N0.97bn versus last year due to the net impact of the drivers down to Gross Profit, Pre-tax profits have also decreased by N1.59bn due to increases in net financing costs.

Guinness Nigeria said that its Board is confident that our strategy is sound, that we are making the right investments in the company and our brands to ensure our long-term competitiveness, and it will continue to support the management in its efforts to build a business that aims to consistently deliver growth for stakeholders.

FEC Approves Name Change For Communications Ministry

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The Federal Executive Council has approved a change of name for the Ministry of Communications.
Based on the name change, the ministry will henceforth be called the Ministry of Communications and Digital Economy.
This was made known on Wednesday via a tweet by Personal Assistant to President Muhammadu Buhari on New Media, Bashir Ahmad.
The new name to be called *”Ministry of Communications and Digital Economy”.

Lagos, Ogun Osun Romp Into Cowbellpedia Finals

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The superlative outing by students of Lagos, Ogun and Osun states shot the states to the finals in the on-going Season 5 of the Cowbellpedia Secondary Schools Mathematics Television Quiz Show sponsored by Cowbell Milk, the flagship brand of Promasidor Nigeria Limited.

In the Junior category of the first semi-final duel in Lagos last weekend, Abdulganiyu Alli, a student of Ota Total Academy, Ota, Ogun State and Ebube Okafor of Saint Francis Catholic Secondary School, Idimu, Lagos outclassed their mates to sail into the finals of the competition.

This feat was at the expense of four other participating students: Mohammed Sirajoof Nigerian Turkish International College, Kaduna, Kaduna State and YakubuYunusa from Nigerian Turkish International College, Damaturu, Yobe State.

Others who could not cross the hurdles include Ayomide Attah, a student of Saint Francis Catholic Secondary School, Egbeda-Idimu, Lagos State and Faithful Unimashi from Saint Annes High School, Calabar, Cross River State.

Alli who scored 115 points to cross the bar, expressed confidence to wear the crown and pray to gain more confidence and momentum in the final

battle. Okafor on his part maintained that he possesses the desire to emerge champion and prayed for God’s grace in the final encounter.

In the Senior category, Oghenero Ologe a student of Zionfield Pinnacle School, Ikorodu, Lagos State garnered 95 points to advance into the finals. He was joined by Hezekiah Olabisi from BiboOluwa Academy, Ilesha, Osun State who scored 90 points.

The feat by the duo shut the door against Jesse Uche-Nwich, the 2018 Junior category champion from Graceland International School, Port Harcourt, Rivers State and John Areola a student of BiboOluwa Academy, Ilesha, Osun State.

Other who fell by the wayside include Chinoso Emmanuel of Dority International Secondary School, Abakaliki, Ebonyi State and Philip Awodiya from BiboOluwa Academy, Ilesha Osun State,

Ologe and Olabisi are both hopeful of a spectacular outing in the final and equally prayed to achieve their dreams of winning the ultimate prize.

Not a few observers affirmed that this year’s edition is actually living up to its billing in terms of excitement and reward as promised by the organisers in line with the goal of “nurturing great inventors”.

The quiz show billed to run for 13 weeks, has been on for the past 10 weeks; and divided into nine preliminary stages and three semi-finals before the grand finale in November 2019.

Aside the N2 million grand prizes, Managing Director of Promasidor Nigeria Limited, Mr Anders Einarsson disclosed that the winner in each of categories, (Junior and Senior) will enjoy an all-expense paid educational excursion outside the country at the end of the initiative.

In addition, the first and second runners-up in each category will receive N1.5 million and N1 million respectively, while the teachers of the top prize winners will be awarded N500, 000. Those of the first and second runners-up will receive N400, 000 and N300, 000 respectively.

The 2019 edition of Cowbellpedia Secondary Schools Mathematic TV Quiz continues this weekend. It will be aired on DSTV Africa Magic Family Channel, AIT Network and other six television stations across the country.