Oando Marketing changes name to OVH Energy Marketing

Chief Executive Officer, CEO of Oando Marketing Limited, Yomi Awobokun, has announced a change of the company’s brand name to OVH Energy Marketing Limited to reflect the recent recapitalisation and corporate restructuring aimed at  admitting new shareholders. He disclosed that the name change was necessitated by the entrance of two investors, Vitol and Helios, world renowned oil trading companies. He stated: “Notwithstanding, the name change the company will continue to use the existing Oando brand name in conducting its retail activities by virtue of a brand license granted by Oando…

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Returns on investment improves -UBA

Year-to-Date, YtD, returns of the United Bank for Africa, UBA, had galloped to 3.7 per cent from a zero bottom out just before the announcement of the result last Tuesday, but receded to 2.0 per cent at close of trading yesterday. It is believed the stock was resilient against the general bearish trend in the market in the past one week with yesterday’s closing positions for NSE All Shares Index, ASI, depreciating 3.52 per cent. Despite the receding bullish sentiment yesterday, UBA stock still remained significantly above NSE ASI’s YtD…

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Dangote to increase sugar production to 2m metric tons annually

The Acting Group Managing Director of Dangote Group, Mr. Abdullahi Sule has said that Dangote Sugar Refinery Plc, a member of Dangote Group, plans to produce between 1.5 and 2 million metric tons of refined sugar annually from locally produced sugarcane. The Acting Group Managing Director, made the disclosure at the 2016 World Food Day celebrations organised by Lagos State Government. Sule, who was represented by the company’s manager, Mr. Braimah Ogunwale said that the target was in line with its backward integration master plan. He said, “Our efforts are…

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Saving Xtra Promo: Diamond Bank pampers customers with SUV, cash

Restating its commitment to promote savings culture and guaranteed customers’ satisfaction, Diamond Bank plc gave out a brand new SUV and N25 million in the SavingsXtra promotion draw for its south-south customers at Odual Road branch of the bank, Port-Harcourt recently. The event which attracted industry stakeholders, relevant regulatory bodies, customers, shareholders, journalists and management staff of the bank saw Mr. Imariagbe Austin of the Sapele Road branch, Benin City emerge as the winner of the star prize of a brand new SUV. Other 10 lucky winners went home with…

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Philips Launches Clipper designed to eliminate rashes and bumps

Philips International, under its Personal Healthcare Business Unit, has introduced to the Nigerian market, the first of its kind clippers designed to ensure no after-shave bumps and rashes. The company said the new clippers have specially developed blades to reduce the risk of cuts when clipping your hair or beard, offering the confidence of a precise cut and shave without the humiliating damaged skin. The company also said the new Clippers are designed to give a close precision cut or shave, cutting the hair at skin level. It added that…

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How GTBank is Redefining Corporate Social Responsibility

The concept of Corporate Social Responsibility (CSR) developed alongside the emergence of corporations more than a century ago and is now practiced by most companies and institutions around world. While corporations may vary in their level of commitment to CSR, their practice is largely focused on corporate philanthropy such as donating to charities, supporting causes or sponsoring individuals, groups and programmes. However, some companies, intent on making their CSR impact more effective, are rethinking this approach. Among these companies is Guaranty Trust Bank (GTBank) plc, a leading African financial institution…

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Stop collecting bribes, commissioner advises LASTMA officers, others

Mr. Adeniji Kazeem, Lagos State Commissioner for Justice, on Monday told men of the Lagos State Traffic Management Authority(LASTMA) and other state law enforcement agencies to stop collecting bribes. Kazeem spoke at the opening of the annual mandatory training for the state’s law enforcement officers at the Law Enforcement Training institute (LETI), in Lagos. The training had 3, 550 participants drawn from the LASTMA, Vehicle Inspection Service, Kick Against Indiscipline and Neighbourhood Safety Corp Agency. “I implore you to re-double your efforts, resist bias, stop collecting bribes and see your…

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CSR: Zenith Bank donates ICT centre to University of Nigeria, Nsukka

Zenith Bank has again proved its status as a leading light in Corporate Social Responsibility, as the financial institution donated an ultra modern ICT centre to the University of Nigeria, Nsukka. The centre parades, among other state-of-the-art facilities, two e-learning training halls equipped with over 200 computer sets and training facilities, an exhibition and training halls, conference hall, server/online facilities, Wi-Fi facility, executive offices for the Centre’s director and other officials. During the project commissioning, the Vice Chancellor of the university, Prof. Benjamin Ozumba, who led the university’s management team,…

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17 Customs officers sacked for drug addiction, certificate forgery

17 junior officers has been sacked by the Nigeria Customs Service for offences ranging from drug addiction, certificate forgery, theft and absenteeism from January to September. According to a statement by the Customs Public Relations Officer, Wale Adeniyi, “investigations into offences committed by the officers in the senior category are now being concluded. Officers found guilty are expected to face similar stiff penalties. “These disciplinary measures were taken after series of investigations and deliberations by the disciplinary committee and recommendations were made to the management. “This process is a continuation…

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Herdsmen kill 20 in Kaduna; 24-hr curfew imposed

Herdsmen, have allegedly killed no fewer than 20 persons after laying siege to Godogodo, a semi-urban settlement in Jema’a Local Government Area of Kaduna State. Policemen and those who managed to escape the onslaught, said Godogodo was razed, with the casualty figure put at 20, aside from those injured. The incident was said to have heightened tension between the majority Christian population of Kafanchan, about 12 kilometres north of Godogodo, and its minority settler population of Hausa/Fulani Muslims. Following the incident, the Interim Management Committee, IMC, Chairman of Jema’a LGA,…

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