General news

NB Plc set to hold Nickfest family festival



The Nigerian Breweries Plc says it is set to hold this year’s edition of its biggest family festival, tagged “Nickfest” in Lagos on Sept. 28 and Sept. 29.

The company’s Portfolio Manager, Non-Alcoholic Drinks, Mrs Ngozi Nkwoji, said on Monday in Lagos said that Nickfest was a very important investment for the company as it recognises the significance of family time.

Acording to her, Nickfest is an annual family spectacle, a weekend of epic entertainment that has annually, since 2017, welcomed over 4,000 children and parents.

Nkwoji said the company was always excited whenever they get opportunities to share happiness, especially when they bring families together for fun and excitement.

“As a brand that is all about nourishing family moments, we are once again excited to open the gates of Happy Land to thousands of families from across the country even as we prepare to share happiness all around.

“In the spirit of sharing happiness, the Maltina crew will be touring leading malls and media houses to whet appetites as parents and children prepare to catch a taste of this thrilling family excitement.

“It is set to be the happiest days in the lives of all attendees as children and parents will witness Maltina’s fantastic Happy Land, the mascot,” she said in a statement made available to the Nigeria News Agency .

Nkwoji said that children would also see their favourite Nickelodeon characters and brand new live shows.

“Children will see Nick characters like SpongeBob Square Pants, Dora the Explorer, the teenage Mutant Ninja Turtles, Chase and Marshall from Paw Patrol and Shimmer and Shine, the two genies who can solve any problem also take the stage.

“Making their debut appearance in Nigeria is the new and super-charged “Rise of the Teenage Mutant Ninja Turtles”; these heroes are back with more energy and power that will make them a toast for the family-themed festival.

“Kids and parents can also look forward to big surprises at Maltina’s Happy Land as the brand has a lot of exciting activities planned for the children,” she said.

(Edited by Folasade Adeniran/Peter Ejiofor)


Access Bank commends firemen, others for controlling morning fire at V.I. branch



Access Bank PLC on Wednesday commended the  Federal Fire Service and Lagos State Fire Service for their support in controlling a fire outbreak that occurred at its branch at Adetokunbo Adesola, in Victoria Island, Lagos earlier in the day.

It also thanked Eko Hotels and Suites, Lagos State Emergency Management Authority (LASEMA), Chevron Nigeria Ltd, United Bank for Africa (UBA) PLC and Union Bank PLC for their support in the exercise.

The Group Head, Corporate Communications, Mr Amaechi Okobi, who commended the organisations in a statement, said that there were no casualties in the incident.

The bank in a message on its tweeter handle shed more light on the incident, saying the cause of the fire was a diesel truck discharging fuel.

Okobi, in his statement, however, said that investigations were on to determine the immediate cause of the fire outbreak.

He said that upon completion, the Bank would establish updated protocols to avoid a recurrence of similar incidents.

The Director General, Lagos State Emergency Management Agency (LASEMA), had earlier said that the fire accident happened while a truck was dispensing fuel for the use of generators in the bank.

According to him, on arrival at the incident scene, it was observed that a fully loaded 33,000 litres Diesel tanker registration Number AKD 637 XP  and a Car stationed beside it AKD 234 FA were completely ravaged by fire.

Oke-Osanyintolu said that investigation conducted at the scene had revealed that the tanker was dispensing fuel for the use of generators in the bank premises and inadvertently caught fire at about 10:26 a.m.

He said that combined intervention of the emergency responders of LASEMA Response Team, Eko Hotel, LASG fire, UBA Fire Service and Federal fire service are able to arrest the fire and stop it from escalating further in the premises..


Edited By: Oluwole Sogunle (NAN)

A picture of Access bank premises at Ademola Adetokunbo affected by fire on Wednesday in Lagos.
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FMDQ Exchange admits Axxela Funding Bond on its platform




By Itohan Abara-Laserian

Lagos, July 9, 2020 (NAN) The FMDQ Holdings (FMDQ Group) has admitted the Axxela Funding 1 PLC ₦11.50 billion Series 1 Bond under its ₦50.00 billion Bond Programme platform.

FMDQ Group in a statement made available to the News Agency of Nigeria (NAN) on Thursday in Lagos, said  that Axxela Funding was admitted through its subsidiary, FMDQ Securities Exchange Limited (FMDQ Exchange).

According to the statement, Axxela Funding 1 PLC is a special purpose vehicle (SPV) incorporated by Axxela Limited to raise funds through the issuance of debt securities in the domestic capital market.

“Axxela Limited, owned by Helios Investment Partners, is a natural gas shipping company on the West African Gas Pipeline, providing unique energy solutions with presence in Nigeria and gas export operations in neighbouring West African countries.

“The admittance of the Axxela bond is testament to the opportunities which the Nigeria Debt Market Capital (DCM) avails to corporates in diverse business areas and further, to the potential of the market to support stakeholders effectively even as they carry on their activities in the face of the pandemic.

“The Axxela bond, by its listing on FMDQ, shall be admitted onto the FMDQ Daily Quotations List; thus, promoting the much-needed transparency for investors and providing a credible basis for portfolio valuation daily.

“Also, through the global visibility which the FMDQ website and systems guarantee, the corporate profile of the issuer is raised even further ahead of tapping into other opportunities in the Nigerian capital market,” it said.

The statement highlighted the roles of the DCM, which played an important role in the efficient mobilisation and allocation of resources in the economy and despite the impact of the current times, the market had continued to effectively support corporate firms looking to expand their business operations.

“It is in this regard that FMDQ Holdings PLC (FMDQ Group or FMDQ) in its role as a market organiser of the Nigerian DCM, amongst others, has continued to provide stakeholders in the Nigerian capital market with a credible and robust platform for capital access, risk management and transfer of value,” it said.

FMDQ Group is Africa’s first vertically integrated Financial Market Infrastructure (FMI) group which provides a one-stop platform for the seamless and cost-efficient execution, risk management, clearing, settlement, depository,  data and information services for the Nigerian financial market, through its subsidiaries: FMDQ Exchange, FMDQ Clear Limited, FMDQ Depository Limited and FMDQ Private Markets Limited. (NAN)


Edited By: Chioma Ugboma/Oluwole Sogunle (NAN)

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General news

June 12: Family urges FG to recognize Abiola as ex-President



The Abiola family of Abeokuta in Ogun on Friday demanded for an official recognition of late chief M.K.O Abiola as an ex-president of Nigeria.

The Head of the Family, Chief Olanrewaju Abiola, made the demand on President Muhammadu Buharui at the family house in Abeokuta.

The late M.K.O Abiola was believed to have won the June 12, 1993 presidential elections.

Abiola said the recognition had become necessary for Nigerian leaders to rule in peace.

He commended Buhari for conferring a posthumus highest national honour of the Grand Commander of the Order of the Federal Republic (GCFR) on Late Abiola and recognising June 12 as Nigeria’s authentic Democracy Day.

He, however, urged the president to actualise the mandate that Nigerians gave to his late junior brother, Moshood, on June 12, 1993, by conferring an official status of an ex-president of the nation on him.

Abiola also demanded that all the entitlements that should have accrued to his late brother from 1993 to date should be fully paid to the family.

He called on Buhari to liase with the National Assembly to debate the issue and subsequently pass it as a law.

“On June 12, last year when I spoke with the president, he said he has given him the honour, but we want it in black and white.

“Let the members of the National Assembly debate it and pass it into law.

“Moshood was the bread winner of the family and since his death, the family members have been suffering,” he said.


Edited By: Benson Iziama/Wale Ojetimi (NAN)
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Family planning: Expert warns women against patronising quacks



A health worker, Mrs Temitope Oyedokun, has urged women seeking for family planning services to desist from patronising unregistered family planning centres as this may have grave consequences on their health.

Oyedokun, who is the Chief Nursing Officer in charge of Obantoko Health Centre in Odeda Local Government Area of Ogun, gave the advice in an interview with the News Agency of Nigeria in Abeokuta on Sunday.

She noted that women who were still sexually active should not be ashamed to contact registered and approved family planning centres when the need arose, saying that at such centres, they would be properly counselled and monitored.

“I want to advise our women to stop patronising unregistered family planning centres. They should go to a good family planning centre, listen to advice and adopt a method that is suitable for their body so as to avoid complications that may arise from it.

“Many of our women take one drug or the other but I will tell them to desist from this act. Only qualified health personnel should be approached for family planning and any other health issues,” Oyedokun said.

The nurse also noted that many women adopted family planning without telling their husbands, saying that this was not right.

“Any woman that wants to adopt family planning must seek the consent of her husband. We are doing a lot of advocacy on this,” she said.

On the rate at which women adopted family planning, Oyedokun said: “while some have adopted it, some are still very sceptical.

“We cannot force them to adopt it. We will continue to enlighten them on the advantages derivable from its adoption.

Since Odeda Local Government hosts two federal tertiary institutions, many of the female students in these institutions patronise us on their own volition.

“Even nursing officers in these institutions also do come here to collect commodities from us but in spite of that, we still engage some of them, at least once in two months. This lockdown has affected the engagement.

“We have more than enough commodities in our store here. The family planning is totally free”.

She counselled mothers to give sex education to their daughters who were sexually active.

Oyedokun lamented low patronage during the lockdown period, saying that this might lead to baby boom in the next few months.

Edited By: Chioma Ugboma/Adeleye Ajayi (NAN)


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