Tag: ICM

  • Winners emerge from ICM Easter Eggtravaganza promo

    Winners emerge from ICM Easter Eggtravaganza promo

    Winners have emerge from the Ikeja City Mall Promo tagged ‘Easter Eggtravaganza’. The one week promo was in three folds. The first was the ‘Easter Bunny Promo’ held last Friday, and to participate, shoppers submitted their receipt of N5,000 purchase with their contact details at designated boxes placed at the three entrances into the mall. And in a raffle draw, winners were selected and contacted. They won gifts donated by participating stores. The stores include Mr Price, Cold Stone, Bheerhugz Cafe, Sports World, Nike, Swatch, Da Viva, black Up, Bruno’s Place, Jack & Jones, Seven Eagle Spur Restaurant, Harmony, V Shop, Shoprite, Mango, Enzzo, Diva Accessories, Kidz Country, KFC and much more. Six winners emerge from this promo.

    On Easter Sunday, there was the treasure hunt called ‘The Easter Bunny Treasure Trail’ where shoppers had to search twitter, Facebook and the Ikeja City Mall blog for clues about participating tenant stores to help them locate treasures(The Easter Eggs) strategically positioned inside participating stores. The clues were uploaded on the eve of Easter Sunday to ensure fairness in the whole process.

    The third phase, tagged ‘Easter Bunny Lucky Walk’ saw the mall’s bunny walk round the mall the three days, sharing gifts to more than 20 people, appreciating them for their patronage and having selfies with them. Altogether, more than 35 people benefited from the promo.

    At the raffle draw session, the Mall’s Marketing Manager, Eniola Ositelu advised participating stores to always encourage their customers to submit purchase receipt whenever there is a promotional offer.

    According to Ositelu, the Easter promo benefits everyone who is involved.

    For the Promotions Supervisor, Festus Adinoyi, working with the mall has been rewarding. “My experience has been rewarding, my job as the Promotion Supervisor of this mall has broaden my scope unlike when I was just the brand ambassador. My duty is to liaise with store owners in the mall and make them understand the benefit of promotional offers.”

  • Winners emerge in ICM promo

    Winners have emerged in the Ikeja City Mall Promo tagged ‘Easter Eggtravaganza’.

    Six winners emerge from the promo.

    The one week promo was in three folds. The first was the ‘Easter Bunny Promo’. To participate, shoppers submitted their receipts of N5,000 purchase with their contacts at designated boxes placed at the entrances into the mall. And in a raffle draw, winners were selected and contacted. They won gifts donated by participating stores.

    The stores include Mr Price, Cold Stone, Bheerhugz Cafe, Sports World, Nike, Swatch, Da Viva, black|Up, Bruno’s Place, Jack & Jones, Seven Eagle Spur Restaurant, Harmony, V Shop, Shoprite, Mango, Enzzo, Diva Accessories, and Kidz Country, KFC.

    On Easter Sunday, there was the treasure hunt called ‘The Easter Bunny Treasure Trail’ where shoppers had to search Twitter, Facebook and the Ikeja City Mall blog for clues about participating tenant stores to help them locate treasures(The Easter Eggs) strategically positioned inside participating stores. The clues were uploaded on the eve of Easter Sunday to ensure fairness in the whole process.

    Only shoppers who purchased items worth N5,000 on Sunday were automatically qualified for the second phase of the promo. And those who discovered the Easter Egg won N10,000 each to spend in any of the participating stores in the mall. Ten winners emerge from the second promo.

    The third phase, tagged ‘Easter Bunny Lucky Walk’ saw the mall’s bunny walk round the mall the three days, sharing gifts to more than 20 people, appreciating them for their patronage and having selfies with them. Altogether, more than 35 people benefited from the promo.

    At the raffle draw session, the Mall’s Marketing Manager, Eniola Ositelu advised participating stores to always encourage their customers to submit purchase receipt whenever there is a promo. “It is important that our tenants remind their customers that a promo is ongoing to ensure that every store participating actually has a winner to attend to.”

    According to Ositelu, the Easter promo benefits everyone who is involved.

    He said: “A loyal shopper to the mall would come and shop regularly, and when he does, tenants experience or maintain high turnover. When turnover is maintained, they can pay our rent. Therefore, it is a win-win situation for everybody involved in this promo.”

    “One unique feature with our Easter promo this year is that we are rewarding more people than we did last year. Our Easter Bunny Trail is something different in the retail shopping mall industry in the country. We have succeeded in making the whole exercise engaging by testing the knowledge of shoppers and asking them to locate specific stores inside the mall.”

    The idea is to help shoppers acquaint themselves with our stores. When we do our job and ensure that people walk into the mall and our tenants have the correct products, the correct pricing, the correct model, it will always be a win-win situation. And with this, we have been able to build a cordial relationship with our tenants, we have also employed liaison officers to help us communicate with them to make our promotional programs successful, we have a cordial relationship.”

    On the budget for the promo, he said it is usually something substantial and beneficial because it translates to more foot traffic for all and at the end of the day it is usually a rewarding situation for those involved.

    He said most of the promotions occur during festive period where most people are chanced to be at the mall and are engaged as oppose to shopping malls that are located in enclosed regions.

    “For our promotional offers, public holidays help us to succeed as well as our location. And to achieve a successful promo, we put in something substantial, most times, 70 percent effort and it is beneficial to us because it translates to more foot traffic for all of us.”

    Ositelu added that the mall has the highest foot traffic in Nigeria, and in West Africa particularly during public holidays.

    “We have realised that people embrace our promotional offers and over the years we have seen more people participate. At the initial stage, people were sceptical but as time went on and people began to see the authenticity of our promos, we began to enjoy huge turnout.

    “So far, our biggest promo has been our fashion show and this is because 45 per cent of out tenants are into fashion. Therefore, we look forward to a colourful fashion show the second quarter of this year. So far, turn out from shoppers have been very encouraging and amazing,” he said.

    For the Promotions Supervisor, Festus Adinoyi, working with the mall has been rewarding.

    “My experience has been rewarding, my job as the Promotion Supervisor of this mall has broaden my scope unlike when I was just the brand ambassador. My duty is to liaise with store owners in the mall and make them understand the benefit of promotional offers,” he said.

     

  • $1b Eurobonds good for economy, says DMO chief

    The $1 billion Eurobonds raised by Nigeria from the International Capital Market (ICM) has added value to the economy, the Director-General, Debt Management Office (DMO) Dr. Abraham Nwankwo said.

    The DMO chief, who spoke after Nigeria was awarded 2013 Best Sovereign Bond in Africa Award, said the agency’s decision to issue the bonds despite the risk the pronouncements of United States (US) Federal Reserve tapering of the Quantitative Easing (QE) may have on the pricing of the bonds at that particular time was commendable.

    In a statement, he said the award was given to Nigeria by the Emerging Market, Europe, Middle East and Africa (EMEA) Finance, adding that the bonds were over-subscribed vindicating the right judgment of the DMO.

    He explained that QE is a bond-buying programme of the Federal Reserve, which was designed to depress long-term bond yields in order to stimulate the US economy. He explained that so far, the QE has kept yield below levels where they would trade if there had not been the QE policy in place.

    Continuing, he said to understand the risk taken last year by DMO, when it offered two Eurobond in tenors of five and 10 years, each for $500 million, is to know that the Fed was buying $85 million fixed-income securities on the open market monthly during that period through the QE policy.

    “Yet our bonds were oversubscribed. One factor that accounts for the success of the offer was the confidence investors have in Nigeria’s economy. And as we all know confidence is always earned,” he said.

    Nwankwo said the issuance of the Eurobond was part of the DMO public debt management strategy which decided to look up to the ICM to diversify Nigeria’s source of funding its developmental programmes to introduce the country into the highly disciplined international funds markets.

    “In January 2011, Nigeria made its debut in the ICM through issuance of $500 million 10-year Eurobond. Since then, the confidence of the investors in Nigeria’s bond has been on the increase. Most of the funds generated will go into financing the upgrading our power infrastructure, which the country badly needs for its economic growth and development,” he said.

    While handing the award to Finance Minister Dr. Ngozi Okonjo-Iweala, Chief Executive Officer,  Citigroup for Europe, Middle East and Africa, Jim Cowles, said DMO was bold in taking the Eurobond decision.

    “If you look at the timing , this (Nigeria’s issued Eurobond) was the first sovereign bond that was issued at the beginning of last year and there was quite a bit of turmoil in the market place because of the discussion on tapering the quantitative easing.”

    He praised the professionalism with which the DMO is managing Nigeria’s debt profile. The DMO has been advising government on terms and conditions of loans, restructuring and refinancing; maintaining a complete and accurate database of all government borrowings among other roles.

  • It’s a busy life  for Toyin Saraki

    It’s a busy life for Toyin Saraki

    SINCE she quit office as the first lady of Kwara State, Mrs. Toyin Saraki, the Founder/ President of Wellbeing Foundation Africa (WBFA), has been involved in one project or the other. The wife of new strongman of Kwara politics and chairman of the Senate Committee on Environment, Senator Bukola Saraki, has since 2003 brought several initiatives and interventions to make life better for the people.

    Toyin, international campaigner for maternal, newborn and child health, rights and empowerment, reaffirmed this commitment on her recent visit to the International Confederation of Midwives (ICM) in The Hague, Netherlands. She clamoured for a critical need to provide universal access to a well-educated, well-equipped and regulated midwifery workforce, especially at the grassroots level in developing countries like Nigeria

    A qualified barrister, she had built a successful private sector career before dedicating the last 21 years to philanthropy. Her utmost passion is to reverse the vicious cycle of poverty in the society by easing its less privileged members into a state of wellbeing which, in her opinion, is “a satisfactory condition of existence in health, happiness and prosperity.”