Business
NBL Pegs Feb 19 for Increment in Prices of Its Brands
The Nigerian Breweries Plc has issued a new price review notification to all its customers in the South western zone.
According to a letter dated Monday, February 12, 2024, the price review, effective from Monday, February 19, 2024.
Consumers of Heineken, Goldberg, Gulder, Life Continental, Star and other brands of Nigerian Breweries Plc may have to pay more from to enjoy these lager beers.
The company explained that it has taken the tough decision at this trying period in the lives of Nigerians because of the “continued rising input cost and the need to mitigate the impact” if it must remain in business.
Foreign exchange (FX) crisis and rising inflation have put many Nigerians and businesses under pressure, and there seems to be no end in sight.
In a notice to its consumers this week, Nigerian Breweries said it may not sell all orders placed before next Monday at the current prices.
“Please accept our best compliments! This is to inform you that we are constrained to review the prices of some of our SKUs with effect from Monday 19th February, 2024.
“This review has become necessary because of continued rising input costs and the need to mitigate the impact.
“In appreciation of our great partnership and your commitment, we will deliver at current prices all open orders that are fully funded and created in our system before 00.00hrs on Monday 19th February, 2024.
“The exact quantity of orders that will be allowed will be communicated to you by your Regional Business Manager (RBM). Any order in excess of this quantity will be re-invoiced at the new price on the 19th of February, 2024.
“While thanking you for your commitment to our valued partnership, be rest assured that we will continue to support your sales/distribution efforts as always,” the notice signed by the Zonal Business Manager for West, Mr. Lekan Awosanya, stated.
Bulk Data service from Globacom has continued to garner patronage from more enterprise clients across the country owing to its immense benefits.
With the offering, Glo Enterprise users can gift data to other customers with the Bulk Data offering, a self-service site designed for data allocation. Through it, a specific quantity of data can be freely utilized for specific users’ navigation of a mobile application or website at no cost to the users of the application or website. The service is paid for by the enterprise client.
A school’s bucket data plan allows institutions to buy bulk data for students’ instructional purposes. The Plan is good for ninety days. In contrast, the Gifted Data Plan is good for 30 days. As many Glo subscribers as the sponsor desires may receive data gifts from the Bulk Data sponsor.
Depending on which Pack the gifting customer has subscribed to, a sponsor can equally gift data in 200MB, 500MB, 1GB, 2GB, 3GB, 4GB, 5GB, or 10GB amounts.
Globacom has built the solution so that each sponsor can tailor the SMS notification that is sent to the beneficiary regarding the provided data. This sets this product apart from others available on the market.
While the recipients of the Bulk Data giving can check their own balance by dialing the USSD code, *127*0#, on their own devices, the gifted plans can be tailored to the sponsor’s requirements and preferences.
Only businesses that purchase large quantities of data, including corporations and educational institutions, are eligible for the Bulk Data service.
Africa’s Global Bank, United Bank for Africa (UBA) Plc, continues to make significant impact in birthing the next generation of banking and finance professionals on the continent through its Graduate Management Acceleration Programme (GMAP) which to date has produced over 3,222 young professionals across Africa.
Since inception three years ago, the GMAP, designed to equip entrants with the necessary skills and knowledge, has provided mentorship, training, and hands-on experience to young graduates for leadership roles in UBA.
On Wednesday, a ceremony was held at the Landmark Event Centre to induct another cohort of 1,138 successful graduates who were absorbed by the bank following intensive training spanning several months of rigorous learning, testing the entrants’ dedication and resilience.
The momentous ceremony was graced by the UBA Group Chairman, Tony Elumelu, the Group Managing Director/ CEO, Oliver Alawuba, and other Board Members, Executive Management, faculty members, mentors, families, and friends of the graduates.
Elumelu, who expressed his excitement over the new graduates, highlighted the bank’s passion for youth empowerment in Africa while bridging the unemployment gap, which according to him, remains one of the greatest challenges in the continent,
He said, “At UBA, we believe that Africa’s transformation is in the hands of young, dynamic, and ambitious professionals such as you. Through GMAP, we are not only shaping future leaders but also reinforcing our commitment to excellence and impact. To our graduands, remember that success is built on hard work, resilience, and a commitment to continuous learning. The world is waiting for you to make your mark.”
Speaking earlier at the event, UBA’s Group Managing Director/CEO, Oliver Alawuba, expressed immense pride in the graduands and reiterated the bank’s unwavering commitment to human capital development.
“This moment marks the beginning of a transformational journey that will shape your careers, your contributions to society, and Africa at large. The GMAP is a testament to our vision of empowering the brightest minds with the skills, knowledge, and mind-set required to navigate the ever-evolving financial landscape,” Alawuba stated.
He pointed out UBA’s commitment to gender diversity and inclusion, highlighting that of the fresh 1,138 graduands, 666 (representing 58%) are women, a reflection of the bank’s dedication to fostering an equitable and inclusive workplace.
Encouraging the graduands, Alawuba charged them to uphold UBA’s core values of Excellence, Enterprise, and Execution, while embracing the bank’s Persona of Simplicity, Responsiveness, and Goal-oriented (SRG).
The ceremony featured inspiring testimonies from GMAP alumni who have made significant strides within the bank.
United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group wide and serving over 45 million customers globally. Operating in twenty African countries and the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting-edgetechnology.
FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, today marks a significant milestone with the groundbreaking ceremony for its new green-certified Iconic Head Office Building in Eko Atlantic City, Lagos.
This ambitious project 40-story building project set to be the tallest building in Nigeria, will be an engineering and environmental delight due to its technologically advanced, eco-friendly and sophisticated construction which would set a new standard for the financial services sector in Africa.
The groundbreaking ceremony signifies the beginning of a transformative journey that reinforces FirstBank’s commitment to excellence, innovation, and customer satisfaction. The new headquarters is designed with sustainability in mind, featuring a green-certified building that reduces operational costs and positions FirstBank as a leader in sustainable banking practices.
According to Olusegun Alebiosu, CEO, FirstBank Group, “We are proud to mark this significant milestone in our journey towards excellence. Our new Head Office is envisioned as a world-class structure that represents our dedication to innovation, customer satisfaction, and sustainability. We believe that this development will play a crucial role in fostering economic growth and development across Africa, creating long-term value for all our stakeholders.”
With a legacy spanning over 130 years, FirstBank has consistently demonstrated its commitment to innovation, customer-centricity, and sustainable business practices. The Bank has a robust international presence, operating subsidiaries in nine countries across three continents.
Femi Otedola, Chairman, FirstHoldCo, added, “Today’s gathering highlights the importance of collaboration and support from various sectors in bringing our ambitious plans for the new headquarters to life. We appreciate the unrelenting support from our customers and stakeholders as we work together to turn this vision into reality.”
The groundbreaking ceremony will be attended by prominent dignitaries, including the President of the Federal Republic of Nigeria, Senator Bola Ahmed Tinubu GCFR, Senators and Lawmakers, State Governors, Federal Ministers and Captains of industry. This event marks the beginning of an exciting new chapter in FirstBank’s storied history, solidifying its role as a leader in the African financial industry.
