The Nation Newspaper

Tag: firm

  • Firm, Airtel unveil platform

    A firm, Kwesé iflix, said it has partnered Airtel to launch its premier digital entertainment platform in Nigeria.

    The platform with the best international, regional and local content programmes, is curated especially for African audiences to stream or download. The service offers users the ultimate entertainment experience, with Kwesé’s extraordinary content offering including live coverage of the world’s most elite sporting competitions and the upcoming FIFA World Cup Russia.

    Its vast library include international first-run exclusive shows, award-winning TV series and blockbuster movies, such as Hot Ones, Saints & Sinners, Riviera, Grand Prince, Broken, Britannia, Tin Star, Being Mary Jane, Younger, Action Man, Freakish, and Family Time and Luther.

    Others were popular local and regional content, such as Jenifa’s Diary, V Republic and Dear Mother. Faith-based titles include Enjoying Everyday Life with Joyce Meyer and Hal TV programmes. The content offering also features children’s programming, lifestyle shows, and Nigerian quality content which can be watched for free, including short-form drama series, first episodes of TV shows, and live broadcast of local free-to-air TV stations, such as NTA & Kwesé Free Sports, as well as CNN, Revolt, Viceland, Cartoon Network and much more.

    Announcing the launch of the service, Kwesé iflix CEO, Mayur Patel, said: “A marriage between Africa’s leading media providers, the Kwesé iflix app offers customers the best in entertainment, anytime and anywhere. Created for the mobile generation, consumers now have unlimited access to all their favourite sports and shows in a way which suits their lifestyle – on-the-go and on their terms. We are excited to be working with Airtel to deliver our content into the hands of even more Nigerians”

    Leveraging Airtel’s 4G network, subscribers will be able to stream Kwesé iflix’s world-class programming on their connected devices through innovative data bundles, which will be available to Airtel customers.

  • Firm seeks Lagos’ nod for parental involvement seminar

    The Director, Completing The Circle (CTC) Consultancy, Mr Benson Olalekan, has appealed to the Lagos State Ministry of Education to approve the continuation of its educational programme tagged Parental involvement seminar.

    The programme, which made its debut in 2010 to 2015, was initiated to educate parents on how to effectively work with their children’s schools in order to get the most from the teachers and their children.

    Olalekan, who made the appeal in an interview with The Nation, said the programme stopped because the ministry requested that CTC Consultancy should apply for a new approval, which it did and up till now the Ministry is yet to grant its approval.

    “The Ministry of Education required that we get a new permission if we want to continue our program. And of course by the time they told us we have already started our second round of presentation. But we went to the Ministry, we wrote them the letters on January 2016 but up till now they have not responded to us one time.

    “We have reached out to the ministry severally and they are not responding. I don’t want to go through the third year without running the programme. All I want is the continuation permission. The children desire it, they need good quality couching and we can’t be playing games with the lives of our children,” he added.

    Olalekan, who has taught in elementary schools in US for 20 years, recalled that he started the programme when he returned to Nigeria from the US and saw the usefulness of a paper he did in his 1996 master’s programme titled: ‘’Parental involvement:  The key to successful education of children in special education at University of Wisconsin Milwaukee’’.

    According to him, it is a concept that he brought to fill the gap in the educational needs of Nigerian school children, adding that he was driven by his passion for the development and intellectual growth of Nigerian school children.

    “When I came I saw the problem with schools and I brought the concept to Ministry of Education which found it interesting especially when we had our initial presentations for two days in March 1 and 2, 2010. We had three hundred teachers the first day and about 600 teachers and parents the second day. At that time, Lagos state didn’t have a Commissioner for Education; the Permanent Secretary Mr Erogbogbo was also acting.  The primary reason I was doing it was not based on money. If it has been based on money I would have stopped right after the run out when we got some help in 2013. The schools we carried out our presentations valued it so much and looked forward for it continuation. I know in the long term Lagos State will benefit from it.”

    Olalekan hinted that the programme booklet have so much improved with added information, adding that the first booklet the educational firm made for presentations was in black and white and about 20-pages while the latest edition is a 55-page colour print.

    When The Nation contacted the ministry, its Deputy Director, Public Affairs, Mr Adesegun Ogundeji said he was not aware that CTC consultancy submitted any proposal through its ministry.

    He however noted that the firm may have been dealing with the Deputy Governor’s Office, which superintends over the ministry.

  • Firm obtains judgment in loan dispute

    A firm, Austin Laz and Company has obtained  judgment against the Bank of Industry (BoI) in a loan dispute.

    In his lead judgment dated May 17, 2018, Justice Mudashiru Nasiru Oniyangi of the Court of Appeal, Benin, Edo State, set aside the judgment of the Federal High Court, Benin delivered on July 6, 2015, holding that the trial court ruling in favour of BoI was premature and incompetent.

    The Appeal Court further ordered BoI to vacate the premises of Austin Laz and Company Limited forthwith, awarding a cost of N100, 000 in favour of the appellants (Austin Laz Company Ltd and Austin Lazarus Asimonye) and against BoI, the respondent.

    The Chief Executive Officer of the company, Austin Lazarus Asinmonye, a former National Vice President, Manufacturers Association of Nigeria (MAN), Western Zone, said the company approached BoI in 2011 for N120million five-year term facility to augment the setting up of a new production line of which approval was given. He regretted that  the bank could not release the money in full to it which hindered the completion and take-off of the new production plant.

    On the ground of disagreement between him and the investment bank, the bank sealed the company two years into the five year term loan, and four other companies belonging to him through a lower court ruling citing failure to repay the loan installment.

    Contacted, a BOI official, who asked not to be named, said the bank has nothing to add as the matter has been adjudicated upon by a court of competent jurisdiction.

  • Firm rewards KTQ winner with N5m cash

    Unilever will be rewarding Knorr Taste Quest (KTQ) winner with the grand prize of N5 million cash and a brand new Chevrolet car at the end of 13-week show.

    The KTQ kicked off the fifth Season of its Taste Quest TV Show, a reality cooking competition, which has become a household name in the country.

    The programme gives contestants an opportunity to display their creativity in cooking and compete to earn bragging rights as Nigeria’s top amateur Chef along with an amazing Grand Prize.

    Since inception in 2013, four winners have emerged from the Knorr Taste Quest Cooking Contest, some of whom have gone ahead to become masters in the culinary world.

    Auditions for this season took place in Abuja, Calabar and Lagos. After a rigorous process, 24 contestants made it to the first round where their cooking skills will be tested to select the final 12 for the next round.

    Speaking on the new season, Marketing Manager Savoury, Unilever Ghana and Nigeria, Nnenna Osi-Anugwa, said: “Through our brand operations we commit to improving health and well-being of our consumers and customers. The Knorr brand is fortified with iron and other ingredients that make our food nutritious and healthy.”

    “The KTQ Show is a platform that gives Nigeria’s amateur chefs opportunities to showcase their culinary skills while they learn from professionals how to make creative and nutritious meals with Knorr,” she added. The judges of the show remain celebrity chefs Robert and Chef Fregz, while it will be hosted by Arit Okpo.

  • Firm seeks re-assignment of bank’s suit

    The Federal High Court in Lagos has adjourned till June 22 for an application by Petrocam Trading Nigeria Ltd, seeking the reassignment of a suit involving it and Union Bank Plc.

    Justice Rilwan Aikawa fixed the date during proceedings on June 11, to allow the bank prepare its response to the application.

    Petrocam Trading Nig Ltd, Mr Patrick Ilo and Petrocam Trading (PTY) Ltd South Africa are the first to third Defendants/Applicants, while Union Bank is the Plaintiff/Respondent in the suit marked FHC/L/CS/383/2018.

    The applicants made the prayer through a Motion on Notice filed on June 5 by their counsel Gboyega Oyewole (SAN).

    They claimed that by the proceedings of the court on May 4 and 9, they were convinced that it would be difficult for justice to be done in the determination of this suit.

    Oyewole told Justice Aikawa that the Applicants had lost confidence in the court’s neutrality.

    He added: “A copy of the said petition was also forwarded to the Acting Chief Judge of the Federal High Court and also a request for the withdrawal of the case file from your Lordship and reassignment to another Judge of the Federal High Court, Lagos Division was also made.

    “That the Chief Judge of the Federation has written to the Defendants/Applicants acknowledging the receipt of their complaint/petition.

    But Union Bank’s counsel, Chief Ajibola Aribisala SAN, said the bank was still within time to respond, following which the judge adjourned hearing.

    The application arose following two suits arising from a dispute over credit facilities.

    The first suit was instituted by the applicants against the bank at a Lagos State High Court and the other was by Union Bank against the firm at the Federal High Court.

    In the first suit, the applicants prayed the court to direct the bank to credit or reverse an alleged wrongful debt on Petrocam’s account for the funding of a letter of credit for N6.7billion arising from the bank’s alleged breach of duty.

    It claimed that while the case was pending, the bank filed another suit at the Federal High Court against the firm and its Managing Director, claiming the sum of N10,062,643,928.72 and securing an order freezing all the accounts of the firm in all commercial banks.

    The applicants claimed that despite the “potential harm the order may cause, no undertaken was given as to damages in the event that the orders ought not to have been made.”

  • Firm unveils plan to create more jobs

    TEXT Global has unveiled its plans to create more jobs in Nigeria.

    Its Managing Director/Chief Executive Officer, Stephen Akintayo, broke the news to reporters yesterday in Lagos.

    He spoke ahead of the firm’s 10th year anniversary, which will hold tomorrow at Dream Centre in Maryland at 9 a.m.

    Akintayo said part of the reasons for the celebration of the company’s 10th anniversary was to help Nigerians get more jobs.

    The company chief said about 4 million Nigerians are unemployed, adding that government cannot provide all the jobs.

    He said: “It is the private sector that needs to provide jobs and employment. We need to have more people going into businesses. We need more entrepreneurs to evolve in Nigeria. It is when this happens that Nigeria can become the lucrative economy we desire.”

    Akintayo said this was the reason GTEXT Global would venture into some sectors with many opportunities to enable many Nigerians get jobs.

    He said: “One of the sectors we are venturing into is the real estate. We are taking the industry by the storm. It has a lot of potentials, including construction and agency. We have trained about 1,000 people in real estate: how to market and sell land for companies and get commission…”

     

    more jobs

  • Firm signs multi-million dollars deal

    Homeland Integrated Offshore Services Ltd has signed a multi-million dollars ship building deal with Damen Shipyard of the Netherlands.

    The representatives of Damen Shipyards- The Netherlands were in Homeland Lagos office for the milestone ship signing ceremony.

    Being one of the most ample projects ever signed by Homeland, the scope and activities are significantly enormous with huge job creation prospects both at initiation and upon completion of the project.

    The visibly elated Chief Executive Officer of Homeland, Dr. Louis Ekere thanked the management of Damen for the continued collaboration, business cooperation and knowledge exchange between both companies which dates back to 6 years. He affirmed Homeland’s commitment to continuing to work with Damen Shipyards who are the foremost ship builders in Europe.

    The signing ceremony, which had Mr. Harm Blaaw, Eline Holters and Francesco Verschuren representing Damen Shipyards, was witnessed by the representatives of the legal firm of Lexavier Partners, led by Chuka Agbu (SAN).

    The ships on completion and delivery will be used to support offshore drilling and exploration services and will add significant value to the International Oil Companies’s operating in the Niger Delta.

  • Firm unveils plan for N3b capital, asset sale

    May & Baker Nigeria Plc plans to increase its authorised share capital to N3 billion through the creation of 2.2 billion ordinary shares of 50 kobo each. The company also plans to sell or lease out one of its properties as part of initiatives to free up capital.

    Shareholders of the healthcare company are expected to pass special resolutions at the annual general meeting tomorrow to mandate the board of directors to increase the authorised share capital from N1.9 billion of 3.8 billion ordinary shares of 50 kobo each to N3 billion of 6.0 billion ordinary shares of 50 kobo each.

    Shareholders are also expected to authorise the board of the company to sell or lease any of the company’s two properties located at Sapara Street, Ikeja.

    Sources in the know said the increase in the authorised share capital is part of the plan for the pending supplementary share issue by the healthcare company. Shareholders had in 2014 empowered the company to raise N3.2 billion new equity capital.

    Directors of the company said they had delayed the capital raising in order to extract the greatest value for the existing shareholders that had toiled to build the company and to ensure that new equity investments are in line with the strategic vision of future expansion and technical competences.

    May & Baker Nigeria’s head office and manufacturing facility at Sapara Street, Ikeja, had become grossly underutilised after the healthcare company relocated its manufacturing operations to its World Health Organisation (WHO)-standard manufacturing complex in  Ota, Ogun State.

    Its Managing Director, Mr. Nnamdi Okafor, said the company is making the world-class manufacturing facility in Ota, Ogun State, the hub of pharmaceutical manufacturing in West Africa.

    May & Baker Nigeria holds the majority equity stake of 51 per cent while the government holds 49 per cent equity stake in Biovaccines Nigeria Limited, the company set up for the purpose of May and Baker Nigeria-government partnership. local vaccine production is expected to save Nigeria a huge part of more than N10 billion yearly expenditure on vaccine importation, with such savings directly flowing to Biovaccines Nigeria Limited.

  • Firm warns impersonators

    The Managing Director of Chief E. O Ashamu Estate, Mr. Babatunde Ashamu, has warned the public from transacting business with people he called “fraudulent agents” encroaching on his property.

    The property are in some parts of Lagos, including Oke-Afa, Eletuwashe lands, Ojomo farm land,  NNPC, Akinbaye lands, Ishaga farm lands, Kushoru farm lands, Okota land Magbelesu farm land, Omonigbeni farm land, Akinsanya farm lands, Rawafarm land, Ifoshin farm land, Ashade lands, Ishoru, Magodo farm land, Alashe farm land, Egan-Igando farm land, Igbesa farm land, Elemo land and Isolo and Ejigbo among others.

    Ashamu said his firm is an estate agency, which sells and buys lands.

    In a statement, Ashamu said: “It has been brought to our notice that some people have been parading themselves as representatives of the administrator of Chief E. O Ashamu Estate. They are using this to fraudulently collect money which they did not remit to our office. We have contacted security agents and reputed lawyers to investigate the matter. Anyone found culpable will face the wrath of the law.”

    He said there would be a verification exercise on land title with documents and confirmation of payments.

    According to him, the sole agent appointed by the company is Tassan and Bullman Investments Limited, which will be in charge of transaction on the site.

     

     

  • Firm warns impersonators

    The Managing Director of Chief E. O Ashamu Estate, Mr. Babatunde Ashamu, has warned the public from transacting business with people he called “fraudulent agents” encroaching on his property.

    The property are in some parts of Lagos, including Oke-Afa, Eletuwashe lands, Ojomo farm land,  NNPC, Akinbaye lands, Ishaga farm lands, Kushoru farm lands, Okota land Magbelesu farm land, Omonigbeni farm land, Akinsanya farm lands, Rawafarm land, Ifoshin farm land, Ashade lands, Ishoru, Magodo farm land, Alashe farm land, Egan-Igando farm land, Igbesa farm land, Elemo land and Isolo and Ejigbo among others.

    Ashamu said his firm is an estate agency, which sells and buys lands.

    In a statement, Ashamu said: “It has been brought to our notice that some people have been parading themselves as representatives of the administrator of Chief E. O Ashamu Estate. They are using this to fraudulently collect money which they did not remit to our office. We have contacted security agents and reputed lawyers to investigate the matter. Anyone found culpable will face the wrath of the law.”

    He said there would be a verification exercise on land title with documents and confirmation of payments.

    According to him, the sole agent appointed by the company is Tassan and Bullman Investments Limited, which will be in charge of transaction on the site.