Tag: express

  • Red Star Express to transit to holding company

    Red Star Express to transit to holding company

    Red Star Express Plc is concluding arrangements to transit from its group structure to a holding company as the leading logistics and courier company seeks to raise new capital to boost its operations.

    Its Chairman, Dr Mohammed Koguna, said the company plans to change its operating structure from group to holding company to reflect its business expansion and other emerging opportunities.

    According to him, the change to holding company is necessitated by the various initiatives the company seeks to explore and the need to have a more structured accounting system.

    “These are part of the company’s expansion plans aimed at taking full advantage of business opportunities,” Koguna said.

    The company has secured shareholders’ approval to raise transit to holding company and to raise additional capital. The new capital raising could be raised through debt issue, equity issue or a combination of both equity and debt.

    Red Star Express Group includes three subsidiaries – Red Star Freight Limited, Red Star Logistics Limited and Red Star Support Services Limited. The group engages in courier services, mail management services, freight services, logistics, warehousing and haulage.

    Koguna, who owns the largest equity stake in the company, said the group has identified some growth platforms that will become full subsidiaries in the years ahead.

    “We will continue to be innovative so as to ensure the steady growth of the company which would bring about sustained progression in terms of returns on investments.

    Our watchword in the management of both our human and capital resources will be to focus on cost efficiency, and concentrate on opening new horizons that will ensure we remain the market leader in our industry,” Koguna said.

    He assured shareholders of improved returns in the years ahead noting that the interests of shareholders and other stakeholders would be given priority at all times.

    Red Star Express earlier this month distributed about N235.8 million as cash dividend for the 2017 business year, representing a dividend per share of 40 kobo.  Key extracts of the audited report and accounts of the company for the year ended March 31, 2017 showed that turnover rose from N6.63 billion in 2016 to N7.3 billion in 2017.

    Profit before tax increased from N572.11 million to N653.2 million while profit after tax improved from N334.43 million last year to N426.76 million in 2017. The group’s total assets also increased from N3.76 billion in 2016 to N4.43 billion in the year.

  • Brussels attack; family to sue airport management

    Brussels attack; family to sue airport management

    The family of one of the victims of terror attack in Brussels, Belgium has vowed to sow the management of the airport for negligence of life.

     

    Elita Weah was one of 35 people killed in the bombings – claimed by Islamic State – on the airport and at a Metro station.

    Weah’s family now plans to take Brussels Airport to court for failing to protect its passengers from terrorists.

    Express reports that the family is considering filing a joint complaint with the relatives of fellow Dutch victims and siblings Alexander and Sascha Pinczowski.

    Speaking to Dutch newspaper NRC, Miss Weah’s brother Rasco Weah, “Many questions remain unanswered. We know nothing.

    “Only that she’s dead. The Belgians killed my sister! I’m going to fight against it,” he said

    Single mother Miss Weah, who was afraid of flying, was on her way to a funeral in the United States when she was killed in the attacks.

    Her family have spoken of their shock that she died in “safe Europe” after fleeing the civil war in their native Liberia.

    According to Express, the family’s plans to sue the airport for gross negligence come as police released new CCTV footage of one of the prime suspects behind the attack.

    Belgian authorities have been heavily criticised for a string of errors in the aftermath of the bombings and are appealing to the public to trace the man, who has been dubbed “the man in white” and “the man in the hat”.

    Weah, alongside two accomplices who died in the blast, was seen in CCTV images taken moments before the first bomb exploded on March 22.

     

  • police arrest man and woman over terrorism link

    Scotland Yard’s Counter-Terrorism Command have arrested a man, aged 49, and a woman, 45 for allegedly disseminating publication that aid and support terrorism in east London.

    According to the Express, the two are currently undergoing investigation at a police station in south London.

    Police officials are currently searching the addresses in north and east London.

    The arrests were carried out by Scotland Yard’s Counter-Terrorism Command.

    They are linked to the distribution of a magazine that allegedly glorifies acts of terrorism and invites support for the Revolutionary People’s Liberation Party (DHKP-C).

    It is part of a Marxist terrorist movement that has killed police officers, soldiers and dozens of civilians since the late 1970s.

    According to reports, the extremists carried out a number of assassinations and suicide bombings and are classed as a terrorist group by Turkey, the US and the European Union.

    south London

  • I’m into music to express myself, says Honey K

    I’m into music to express myself, says Honey K

    Budding artiste, Anthony Ekpo, better known as Honey K, says that he is striving to climb his way up the very competitive global music industry.

    According to Honey K, he ventured into music professionally in 2012 when he recorded some of songs in his native Annang dialect.

    Now in the studio to perfect songs for his debut album before April next year, he disclosed that the greatest challenge has been paucity of funds.

    “Some of the people who have listened to my music say that I have a sweet voice; some say that I have a honey voice, so I decided to go for the name Honey,” said when asked to tell the story behind the name. “And I just added the K to it. I think the name has been catching on.”

    Honey K, whose music has deep lyrics and an African feel, also said that he is a total musician because he can also sing Hip-hop and reggae dancehall.

    “It depends on my mood and the kind of inspiration I get; all that determines the music I record. I also write all my songs.”

     

  • The man Dimgba Igwe

    The man Dimgba Igwe

    Frontline journalist and one of Nigeria’s foremost media administrators and author, Pastor Dimgba Igwe, who died yesterday has sent shock waves across the media industry.

    He was known to many people at home and abroad largely because of his total devotion to his first love, journalism – for the past 30 years. Dimgba Igwe, ace journalist, publisher, author, biographer and pastor, was a role model to many practising and aspiring journalists. Along with his long-time journalist friend and business partner, Mike Awoyinfa, he had mid-wifed some hugely successful newspapers, including the now rested Weekend Concord, The Sun and lately Entertainment Express and Sunday Express respectively.

    After the pioneering roles they played at the now rested Weekend Concord newspaper and The Sun newspapers, in 2011, Dimgba Igwe and Awonyinfa set about recording another landmark in the Nigerian media with the establishment of a newspaper entirely devoted to reporting the entertainment industry called Entertainment Express.

    The newspaper hit the newsstand in June 2011. The duo were still engrossed in taking their new project to Olympian height when death came calling yesterday.

    After a pioneering role they played at the now rested Weekend Concord newspaper where they distinguished themselves as journalists par excellence and lately, The Sun newspapers, Mike Awoyinfa and his friend, Dimgba Igwe are set to record another landmark in the Nigerian media with the establishment of a newspaper entirely devoted to reporting the entertainment industry.

    He  met his co-traveller, Mike Awoyinfa, at the Sunday Concord newspaper, and ever since then, they have been long standing friends. According to Igwe, “We discovered we are kindred spirits.” Speaking about the late Publisher recently, Awoyinfa said, “Dimgba complements my weaknesses, he adds to my strength. Only God knows why we came the way we are, even twins are not that close. We lean on each other and celebrate and mourn our woes together. We do everything together and I learn everyday from him, because he has his own areas where he is stronger than myself. Intellectually and spiritually, he is above me in certain respects.  Sometimes, we do disagree to agree again, we know how to tolerate ourselves and we are not the greedy type,” Awoyinfa described his late friend.

    The late Igwe was a hard worker. To many staffers at the outfits he managed while alive, he was something close to a slave driver. He loves to work and had actually planned to keep working for as long as his legs can carry him. To him, the idea of retirement was a strange one.

    “Basically, when you say that you have retired, it is just a way of describing the fact that you are no more in paid employment, where you go to work at a certain time and return home later in the day; and at the end of the month, you are paid by that particular medium. No! It could also mean a transition to a different aspect of life. One plays some roles at the board level as in the case of The Sun newspapers or the Express, where we are Board members; so, one still plays a guidance role,” he once said.

    On why he keeps muting business ideas even while neck-deep in his busy schedule as a media manager, Igwe said he got his kicks from looking at the many system failures that characterise the Nigerian polity.

    “We (Mike and I) have also decided to develop a niche that had always been part of us. When we go abroad and talk to some of our other colleagues in the media, the things we describe are completely strange to them. They cannot imagine that you could do a business and then you would still buy a generator, drill your own borehole or even contribute to rehabilitating roads. So, this absence of infrastructure is absent out there. They have taken all that for granted. So, if you are a manager in Nigeria and you succeed, then, you can excel anywhere in the world.”

    Aside journalism, Igwe, before his death and expectedly, alongside Awoyinfa, established his mastery of another form of writing. Together, the duo is unarguably the most renowned biographer in the country today. While they were still in various paid employment and after they decided to be on their own, the duo wrote the biographies of more Nigerians than anybody else has ever done.

    “We have always done this simultaneously with journalism, which is writing books. And you know that this niche actually started 15 years ago when we wrote a book called 50 Nigeria’s Corporate Strategists. The irony is that I can’t even find a copy of this book now because it was stolen. We have printed three editions of it and they all sold out. It is a book that profiles 50 corporate leaders, trying to distil their management experiences and trying to work out case studies of how businesses are managed in our very peculiar terrain,” the late Journalist said of their exploit as biographers.

    A man of many parts while still living, Igwe truthfully and of course correctly, described himself as a complicated person. According to him, being a Pastor and at the same time a businessman, he comes across to different people in different ways.

    “It is a bit complicated because as you know, I am a pastor of a church. And as a pastor of a church, it depends on the activities of the day. I wake up, relax and set my agenda. After my prayers, exercise, break-fast and all that, I head for my study to work. One of the ironies is that I have three offices and I am about to have one more. I have an office at home, there is another one at the Express, while I also have an office in the church; and as a matter of fact, Corporate Biographies, which is our publishing company, is also making an office for me.”

    A consummate journalist till he breathed his last, the erudite media manager was never tired of propagating the many powers of the average journalist. To him, there was hardly any other profession as endowed with power and authority to positively impact on their society.

    “Journalists have residual advantages. What are these residual advantages? They have exposure and access (to information) and they are always operating in the written word every day of their lives. However, a journalist has to beware of the tempting attraction of routine.”

    One other thing Igwe would be remembered for was his detribalised nature. He never wanted to know where the reporter or Editor is from. The person, not the background, was his interest. And he carried this nature right into all his other human relationships.

    “For me, it’s a question of synergy of ideas. If you find somebody that your ideas flow with, it’s easier to work with that person.  I don’t look at people in terms of where they come from, but I look at their hearts. If the heart of a man is good, whether he’s Hausa, Yoruba or Igbo is irrelevant to me. Personally, I have always been positively affected by the people outside my tribe than the people from my tribe. I’m a detribalised Nigerian. I look at human beings in terms of their quality.”

    With the death of Igwe, the Nigeria media industry has lost another firebrand professional, a type that is not easy to replace.

    Igwe’s death, my saddest day- Kalu

    The publisher and chairman of The Sun Group of Newspapers and New Telegraph, Dr. Orji Kalu, has described the death of the vice-chairman of the media conglomerate, Mr. Dimgba Igwe, yesterday, as the saddest day of his life.

    In a statement by his media adviser, Mr. Ebere Wabara, Kalu, who is in London, said in a telephone conversation, that he was devastated by Igwe’s death. He declared: “Igwe, apart from being my kinsman, was one of the founding pillars in the establishment of The Sun. He worked tirelessly with others to ensure the instant success story associated with our tabloid today. I will surely miss his professional advice, camaraderie and brotherliness,” Kalu said.

    Kalu enjoined God to strengthen his family and associates to bear this irreparable loss, pointing out that “journalism has just lost one of its brightest minds respected for analytical writings right from his National Concord days. This is indeed my saddest day,” Kalu declared.

    On why he keeps muting business ideas even while neck-deep in his busy schedule as a media manager, Igwe said he got his kicks from looking at the many system failures that characterise the Nigerian polity.

    “We (Mike and I) have also decided to develop a niche that had always been part of us. When we go abroad and talk to some of our other colleagues in the media, the things we describe are completely strange to them. They cannot imagine that you could do a business and then you would still buy a generator, drill your own borehole or even contribute to rehabilitating roads. So, this absence of infrastructure is absent out there. They have taken all that for granted. So, if you are a manager in Nigeria and you succeed, then, you can excel anywhere in the world.”

    Aside journalism, Igwe, before his death and expectedly, alongside Awoyinfa, established his mastery of another form of writing. Together, the duo is unarguably the most renowned biographer in the country today. While they were still in various paid employment and after they decided to be on their own, the duo wrote the biographies of more Nigerians than anybody else has ever done.

    “We have always done this simultaneously with journalism, which is writing books. And you know that this niche actually started 15 years ago when we wrote a book called 50 Nigeria’s Corporate Strategists.

    He was shining star of Nigerian journalism, says APC

    The All Progressives Congress (APC) said yesterday that with the death of Pastor Dimgba Igwe, Nigerian journalism has lost a shining star.

    The party, in a statement in Lagos by its National Publicity Secretary, Alhaji Lai Mohammed, expressed “shock and sadness at the sudden death of such a vibrant, cerebral and wonderful person, who has been a constant star in the constellation of Nigerian journalism for decades, without compromising his personal and professional integrity.”

    It condoled with the family and friends of the late Pastor Igwe, and prayed that God will give them the strength to bear their loss.

    APC asked the police to find and bring to justice the driver of the vehicle that knocked him down while jogging around his residence.

    ‘’Words are not enough to describe the huge loss, to his family, friends, profession and indeed our entire nation, that Igwe’s death represents. But we are sure the achievements he recorded in his lifetime will forever be a source of pride – and indeed a soothing balm – to all,” the party said and prayed for the repose of his soul.

  • Airtel commissions new express shop

    A few days after the launch of the new Mobile Number Portability (MNP), Global System network for Mobile phone operator, Airtel Nigeria has commissioned a new express shop at Utako District, in Abuja.

    The Managing Director/CEO Airtel Nigeria, Mr. Segun Ogunsanya disclosed that Airtel Nigeria opened the Express Shop in order to allow customers who wish to join the Airtel network to port easily while still retaining their mobile numbers.

    Ogunsayan said the network has already ported three customers just few days after the launch of MNP in Lagos. He urged customers to join the “red train” because the network is one of the best in the country.

    He said: “Why we need customers to join the red train, we have been selected as one of the best networks in this country. We are not only saying we are good, the regulators said so. It is another thing to say you are good, it is more important for the person who is recognised as the official regulator to say so. Ncc confirmed that we made all their parameters.

     

     

  • AYAC: Students express excitement as Africa athletic meet opens in Warri

    AYAC: Students express excitement as Africa athletic meet opens in Warri

    Some school children in Warri who witnessed the opening ceremonies of the maiden Africa Youth Athletics Championships (AYAC) on Thursday described the performances of cultural troupes as impressive.

    Some of the troupes included Iyanya and the Trinity Cultural Troupes, Warri. The students, numbering about 300, were invited to the Warri Township Stadium to witness the ceremonies. They hailed the performances as “a dream come true”.

    Philomena Samuel, of De Bride Primary School, D.S.C extension, told the News Agency of Nigeria (NAN) that she was excited at the live performances during the ceremonies.

    “I am happy to be here to witness such an event. I have enjoyed myself with all the side attractions,” she said.

    Samuel commended the Delta Government for inviting her school to witness the ceremonies.

    Goodluck Omatseye, a Senior Secondary 2 boy of Orhuwhorun Technical High School Samaru, said it was a privilege to be invited by the organisers. He observed, however, that the ceremonies could have been better with countries showcasing their cultural heritage.