Guinness Nigeria Plc has secured more N39.7 billion new equity funds from its existing shareholders as shareholders picked up the entire rights provided by the brewer. Listing documents at the weekend showed that 684.49 million ordinary shares of 50 kobo every single were added to shares outstanding in the names of Guinness Nigeria. With the listing, total issued and totally paid up shares of Guinness Nigeria has now increased from 1.five billion shares to 2.19 billion shares. Diageo Plc, United Kingdom (UK), the majority core investor in Guinness Nigeria, was expected to inject extra N21 billion in Guinness Nigeria by subscribing for its rights. The rights challenge provided yet another window for Diageo to inject capital into the Nigerian subsidiary just after the multinational backed down from its earlier proposal to acquire added equity shares in Guinness Nigeria.
Diageo had withdrawn from its program to acquire additional shares of up to 15.7 per cent in Guinness Nigeria from minority shareholders, citing the difficult industry situations in Nigeria. Diageo had in September 2015 announced that it was contemplating acquiring 15.7 per cent equity stake in Guinness Nigeria via its wholly owned subsidiary, Guinness Overseas Restricted. Managing Director, Guinness Nigeria Plc, Peter Ndegwa, stated the net proceeds of the new capital raising will help the corporation in executing its tactic in the context of ongoing external economic challenges. According to him, the rights issue will let the business to provide on its strategic objectives and give all its shareholders a one of a kind opportunity to raise the number of shares they hold.
Our expectation is that funds raised will help mitigate the influence of increasing finance costs, optimise our balance sheet and enhance the company’s monetary flexibility," Ndegwa mentioned. Chairman, Guinness Nigeria Plc, Babatunde Savage, mentioned the supplementary new situation is part of the company’s extended term plans to continue to invest in its enterprise in Nigeria. We have been right here in Nigeria for 67 years and, though it has been difficult in current instances for lots of Nigerian enterprises, we remain committed to this industry as evidenced by our selection to provide this Rights Situation. We are grateful for the support that we have received from our shareholders and other stakeholders up to this point," Savage said.
Minister of Labour and Employment Dr. Chris Ngige yesterday mentioned no administration in the history of Nigeria had surpassed that of President Muhammadu Buhari in job creation. According to him, additional than seven million jobs were produced in the agriculture sector in the final two and half years. Dr. Ngige spoke with State Residence reporters soon after meeting with President Buhari at the Presidential Villa in Abuja. He insisted that the creation of ‘blue collar’ jobs received a boost due to the fact of the economic diversification policy of the government. Agriculture and its chains alone have made more than 5 to seven million jobs.
I am talking in terms of rice from rice tilling, harvesting, sending to the paddies, mills, and even where individuals are creating the jut bags, transportations, individuals are receiving jobs. So, that value chain alone from agriculture is enormous. Take the N-energy, we have produced millions of jobs from right here, ability acquisition from the National Directorate of Employment(NDE) and other agencies of government, jobs are getting designed. We give them tools as plumbers, electricians, cosmetologists, shoe makers, tilers and numerous other regions. We have developed many jobs," he said. According to him, stakeholders who have been supposed to make inputs in terms of membership, have been stalling the procedure. He noted that when the tripartite committee and its membership had been correctly constituted, all the stakeholders would come collectively to see the possibility of implementing the N56,000 minimum wage which workers had been pushing for. He stated: "We didn’t say we have been going to accelerate the procedure. One of the agreements was that the situation will be addressed. The old law expired last year August and we are now in the procedure of constituting yet another panel for a new national minimum wage committee. On irrespective of whether the N56,000 minimum wage proposed by labour would be feasible in view of economic constraints, he mentioned it would be subjected to debate when the tripartite committee convenes. I cannot say whether or not it will be attainable. The tripartite discussion will make a decision that.
Zainab Bagudu, wife of the Kebbi State governor is a consultant paediatrician and the founder of MEDICAID Radio Diagnostic Centre, Abuja. She was present at the just concluded national wellness dialogue organised by the Premium Times Centre for Investigative Journalism and its partners. She spoke extensively on wrong medical diagnosis, cancer and the will need for the government to provide gear for the remedy of the disease. She also granted PREMIUM Occasions an interview. PT: In the course of an investigation, we realised that most occasions, medical final results are inaccurate. Can you give us reasons for this and what can be carried out? ZAINAB: I don’t agree that it is most occasions but I will agree that we do have incorrect diagnosis at times.
But unfortunately, that ‘sometimes,’ even if it is one out a million lives, it is nevertheless a life. This is 1 of the causes for setting up MEDICAID diagnostics centre. It is to address the troubles that Nigerian medical doctors have with diagnosis. We have fantastic physicians and when they go abroad, they excel. They do extremely properly there but they don’t have the support required in Nigeria. The doctors come back but they don’t excel as nicely basically for the reason that they do not have the support they anticipate like laboratories, pathologists and the equipment they are supposed to have. In my opinion, immediately after operating the MEDICAID centre for so long, the important challenge is not human resources or the abilities of the medical doctors but it is the backup of the equipment and the technique.
The system incorporates items like energy provide. There is practically nothing great that the laboratories in the UK are undertaking, apart from touching the buttons on the machine. We do the same thing on the machines in Nigeria but it provides you incorrect final results. This is mainly because the light has affected one particular bulb or the other there and it’s not correct any longer. From time to time, (inadequate) sources is also an challenge. Having said that, we have been capable to cease economising now. Individuals now spend for the suitable test and they get their money’s worth but often, you uncover out some laboratories will over-dilute reagents with water for financial reasons so that they can get much more individuals in.
With improved regulation, the Association of Healthcare Laboratory Scientists, and the Association of Nigerian Radiographers are receiving much more effective and regulating superior and even the authorities are functioning far better. When we started, we didn’t have any difficulty but now each and every year, FCT (Federal Capital Territory) comes to inspect our facility to make positive we do not have rats and ensure that we have the right medical doctors. So, it is receiving additional and additional organised and we are bound to see that translate into superior benefits. PT: What can be completed to reduce the price of cancer screening tests, particularly for these in the rural regions?
ZAINAB: That is a single of the issues we have been conversing about nowadays. We all believe that the way forward for us as a country is to make sure we have universal well being coverage and overall health insurance coverage for all. This well being insurance is not anything we can just wake up and ask a farmer in the Kebbi to go and pay insurance coverage. We have excellent insurance systems in created countries like the UK. The NHIS is one particular of the greatest in the world even even though they do not believe it and there are nations like Sweden where they have the finest insurance coverage program. But this operates incredibly effectively due to the fact individuals spend into that pool. We do not spend into any pool, but we expect to have wonderful care. Majority of our individuals are in the rural areas and they are not paying any insurance.
Having said that, they count on to go to the hospital and have American class service, it is not probable. What could occur is, we start out a method whereby we strengthen the level of care, we make it nice and right for the rural individuals. Let them acquire appropriate therapy and let there be dignity in the way well being care specialists, nurses treat these individuals. Just after enticing them, we can now start off a straightforward insurance method exactly where you will activity even the regional framer. Some states are practicing it currently, though I do not feel it’s thriving however. But we will be able to get that correct only if we make certain that the level of care that we are providing is reasonable and it is a pleasant encounter for the individuals.
PT: A study shows that the North has the highest prevalence in cervical cancer. With your position as a governor’s wife and medical doctor, what are you carrying out to educate ladies on this? ZAINAB: I believe statistics are a small bit quick now. We are going via a transition period whereby there is a lot of data about household organizing, females are figuring out their rights and the ability to make choices to have less children. We are really seeing a decline in cervical cancer in the northern portion. Having said that, that is just semantics, cancer is there whether or not is in the north or in the south.
I have been working on cancer for some time now, even before becoming the wife of the governor. But being the initial lady and mother of the state, provides me a platform now and a voice individuals listen to specifically in the state. The cancer foundation has completed a lot of coaching, creating human sources. We have completed a lot of perform genuinely. We have gone to secondary schools to teach the girls about awareness. I function with industry females, conventional and religious leaders. In our places, it is pretty effortless to cross the line involving cultural misbeliefs, illiteracy and regular beliefs. It all comes collectively and you have this horrible combination where individuals don’t go to hospitals and when the illness comes they do not even know exactly where to get the care.
So, we are going out and informing individuals about all this, specially on cancer and maternal health. A different well being region is immunisation for the reason that there are a lot of hindering beliefs around these items. Individuals think that cancer is an evil from the bush so they don’t immunise their kids since they believe that you are going to make them sterile. So, we have outreach programs, we have free of charge screenings as well. In the state, we are operating with doctors and nurses in distinct and teaching more and extra individuals how to screen. We are helping to set up screening centres in each and every common hospital in Kebbi State. And we have the usual awareness, jingles, plays just to inform individuals about cancer.
We are receiving to the point exactly where individuals know that, ahead of it gets to a distinct stage you have to visit the hospital. This could not happen in our 4 years keep, but quite soon it will take place. PT: You have been operating a diagnostic centre in Nigeria, what have been the challenges so far? ZAINAB: The most significant challenge is funding for our gear and to get it to function appropriate. The power issue is a large difficulty for us. Most of all, when we require to upgrade our equipment, we want to get the funds for it. Not all the banks are receptive on papers as they sound. You will hear factors like one per cent (in securing loans) but when the reality comes, you are receiving a double figure loan plus the charges.
We have applied for loans numerous times and we have gotten these provides but we have been unable to take them up simply because of the terms attached to them. So, to get the gear to start out with is an concern. We cannot charge the quantity we have to have to preserve and sustain them. The corporation that manufactures these merchandise will not go into agreement with what we have in Nigeria. They won’t give us a lease. If I were to be in America and the machine goes poor, inside 24 hours, a backup machine will be in my centre for the reason that of the sort of agreement that we have. But realistically, we can not do that in Nigeria and we don’t even have the providers that make these machines. More than there, when they are provided a replacement machine, they abandon the older ones but we cannot afford to do that right here. Sometimes, we have to wait for 3 months for the technician to come from abroad. We may well have the revenue to pay for it but the technician travels round, hence he does not have time to come at when. Nigerians have to have to go extra miles to attain our promised land.
The Police on Thursday arraigned a 26-year-old man, Adoni Chukwudi, before an Ado-Ekiti Magistrates’ Court for alleged theft. The defendant of no fixed address is standing trial on a count charge of theft. The prosecutor, Sgt. Monica Ikebuilo, told the court that the defendant committed the offence on September 16 at about 0430hrs at Arowolo Property, Kilometer two, Ikere Road, Ajilosun in Ado-Ekiti. She alleged that the defendant, who is an employee, did burgle the window of warehouse of True Terrific Emmab Selection Idea and stole the sum of N2, 715, 850.00 belonging to 1 Mr Okeke Emmanuel, director of the enterprise. The prosecutor asked the Court for adjournment to allow her to study the case file and present her witnesses. The defendant pleaded not guilty to the charge. His counsel, Mr Joe Onumiya, urged the Court to grant him bail, with a guarantee that he would not jump bail. The Magistrate, Mrs Omolola Akosile, granted bail to the defendant in the sum of N100,000 with two sureties in like sum, the sureties to present evidence of landed home. Akosile adjourned the case till December four for hearing.
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The competitors was aimed at harnessing the energy, creativity and initiatives of young Nigerians involving the ages of 18 and 28 on gender roles in the society. Saraki stated: "I would like a nation that cares for its citizen from birth to aged a country that anticipates the challenges that do come and has a option for when those challenges comes. If I have to put it in one particular sentence, it would be public accountability and responsibility. We have to have to value our citizens even a lot more than we do already. She added that respect for gender differences would enhance citizens’ inputs in nation developing as caring for the vulnerable would build a a lot more caring society that assure the rights of each Nigerian.
The Ambassador/Head of Delegation of the EU to Nigeria, Ketil Karlsen, also called for a international protection and respect of girls and women’s rights adding that involving youths in the procedure is investing in a better future for the world. She stated the entries for the competition which expected participants to communicate via drawing without having words on what reflects the rights and empowerment of ladies was overwhelming since of the thoughts, imagination and style of the entrants. In his remark, the winner of the competitors, Mayowa Alabi Damilola, expressed joy and gratitude for the chance to speak via his cartoon.
He mentioned the singular motivation that fuelled his cartoon was from the knowledge of the a lot of ill treatment females received in the society when increasing up. I dream of a society where everybody is treated equally regardless of your sex, a society where you are treated primarily based on merit," he added. Barrister Anthony Woke Up At About 12Midnight To Urinate. He Virtually Fainted When He Just Could not Pee: ENLARGED PROSTATE! ANY MAN ABOVE 40 Shouldn't Wait For This Crisis! Avoid Or SHRINK Your Enlarged PROSTATE Now! Please consist of a get in touch with number if you are prepared to speak to a Everyday Trust journalist. If you are delighted to be contacted by a Daily Trust journalist please leave a phone quantity that we can make contact with you on. In some circumstances a choice of your comments will be published, displaying your name as you provide it and place, unless you state otherwise. Your contact particulars will never be published. When sending us images, video or eyewitness accounts at no time must you endanger yourself or other individuals, take any unnecessary risks or infringe any laws. Please make sure you have study the terms and conditions.