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NB Records 4.3% Increase In Revenue To N337bn

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Nigerian Breweries, NB Plc has recorded revenue of N337 billion for the year ended December 2020, representing an increase of 4.3 per cent from N323 billion recorded in the corresponding period of 2019.

The company however recorded a 53 per cent fall in its profit after tax to N7.52 billion in 2020 from N16.1 billion in the corresponding period of 2019 as reported by Vanguard.

In the statement signed by the Company Secretary/Legal Director, Uaboi Agbebaku, the Board of Directors of NB commended the company’s management for its efforts in mitigating the impact of the COVID-19 pandemic on the business, as well as the prudent management of its resources as reflected in the reduction in expenses incurred on marketing, distribution, and administration.

The statement further revealed that the Board of Directors will be recommending to the company’s shareholders at the forthcoming Annual General Meeting, AGM, the declaration of a total dividend of N 7.52 billion, at 50k per share representing a hundred percent dividend payout ratio. 

Recall that the company had earlier in 2020, paid an interim dividend of N1.999 billion which translated to N0.25k per share. The final proposed dividend of N5.52 billion at N0.69k per share will be payable to shareholders upon approval on 23d of April 2021.

The statement further noted that only qualifying shareholders whose names appear on the company’s Register of Members at the close of business on 10 March 2021 will be paid the final dividend. 

Directors would also be recommending to shareholders for their approval at the forthcoming AGM, a right of election for qualifying shareholders to receive new ordinary shares in the company as against the final dividend in cash.

Despite the negative impact on its operations, it is noteworthy that Nigerian Breweries made various donations in cash and kind valued at about N531 million out of a phased commitment of N600 million to the Federal and seven  state governments’ COVID-19 Task Forces Relief Funds.

According to Mr Agbebaku, the Board of Directors expressed confidence that the company is well-positioned to continue to deliver return on investment to shareholders. 

The statement adds that the company remains committed to not only keeping its balance sheet strong but ensuring that the health, safety and welfare of its employees, customers and partners are protected.

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Former Perm Sec Commissions 4.6km Damare Road, Lauds Fintiri’s Achievements

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A retired federal permanent secretary and elder statesman Alhaji Ahidjo Bamanga has lauded Governor Ahmadu Umaru Fintiri for his outstanding achievements in 3 years which have uplifted the status of the state

He was speaking during the commissioning of 4.6km ATV Damare road in Girei local government area.

Speaking shortly before the commissioning Alhaji Bamanga applauded the Governor for his commitment towards changing the fortunes of the state.

The elder statesman described Governor Fintiri as a committed, result oriented and great achiever who has salvaged the state from the shackles of underdevelopment urging all Adamawa people to support him for continuity.

Earlier Governor Fintiri said the 4.6km road is part of the landmark achievements in the deliveries of the urban renewal campaign of his administration.

The Governor said government has developed a two way approach to infrastructural strides which is urban renewal and rural infrastructure and community development and it will not rest on its oars till it achieves that.

He proudly noted that Adamawa is wearing a beautiful look and has fast become an investment hub for investors.

While pledging to continue to flag off and commission projects till the end of his tenure he reiterated his resolve to ensure that no one is left behind and nothing is left untouched.

Commissioner of works and energy development, Adamu Atiku
said the 4.6km ATV Damare road is strategic and important as it has ameliorated the plight of commuters and opened up the area for development.

There were goodwill messages from the District Head of Girei, Dr Ibrahim Ahmed Mustapha, and chairman Girei Local Government Council Judah Amisa and Baba Salam.

High points of the event was a display of three hearty cheers from corp members who are major beneficiaries of the road which leads to the NYSC orientation camp Damare.

The Governor while inspecting the road had a stopover at the NYSC camp and was cheerfully welcomed by the corp members.

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Accountability: Nat’l Lottery Trust Fund Emerges 2nd Best Compliant Agency In Nigeria

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Dr Bello Maigari, the Executive Secretary , National Lottery Trust Fund, has said that the Agency emerged the second best accountability compliant in Federal Government Agency’s Anti Corruption and Transparency Units ( ACTU) in 2021.

Dr Bello Maigari made the agency’s stand clear in a statement issued on Monday and signed by Muhammad Auwal Adam, Media and Puɓlications unit of the Trust Fund.

Dr. Maigari equally stated that the agency was the fourth best compliant among the government MDA in efficiency and transparency in the workplace.

“In less than Three years of the constitution of the Unit, the agency scored 84.45% to emerge the second best compliant in agency category in Nigeria and the fourth best compliant MDA with systems and processes put in place to promote efficiency and transparency in the workplace”. Maigari said.

According to Dr. Maigari, the success is attributed to the efforts put by the agency’s Anti-Corruption and Transparency Unit (ACTU).

The Executive Secretary stated that the development equally followed the high standards of transparency and accountability collectively exhibited by the management and staff of the agency.

Similarly, Federal Government has lauded the National Lottery Trust Fund for gigantic intervention in National Sports Development and urged other government MDAs to emulate.

According to Dr Bello Maigari, the commendation followed the giant intervention so far made by the agency in promoting nation’s sport.

He said that over N574m worth of sports equipment procured by the National Lottery Trust Fund and distributed to over 2000 selected public primary schools across the country.

He noted that the significance of the intervention would go along way in promoting good causes and sport Development among Nigerian Youths.//

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Ishaka Dedan Reelected As Adamawa NUJ Chair

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The Adamawa state Council of the Nigeria union of Journalists, NUJ Saturday held its election which saw the emergence of Ishaka Donald Dedan as the Chairman for the second term.

This was announced by the Chairman, Electoral Committee of the twenty twenty two election, Comrade Bashir Liman at the N UJ’s Secretariat, Press Centre Yola.

The returned Chairman, Comrade Ishaka Donald Dedan polled one hundred and ten votes to defeat his rival Comrade Kate Aliyuda who polled seventy two votes.

Meanwhile, Comrade Fidelis Jockthan polled one hundred and twenty votes to clinch the position of Secretary defeating his closest rival Jonathan Filibus who polled seventy three votes.

The office of the treasurer was won by Joy Diamond Leka with one hundred and sixteen votes beating her rival Felicia Amos who polled thirty seven.

Other positions of Auditor and Assistant Secretary were unopposed.

The newly elected leaders were administered oath of office by Barrister Sunday Wugira.

In an inaugural speech, the Vice Chairman, Nigeria Union of Journalist, North East zone, Comrade Zare Baba charged the new executive to carry every body along and eschew bigotry and favoritism.

In an acceptance and victory speech, the Chairman, Nigeria Union of Journalists, NUJ, Comrade Ishaka Donald Dedan who thanked God for the victory pledged to play an open door policy.

Comrade Dedan who solicited prayers and support of the members urged them to advise them where necessary.

Speaking, the Permanent Secretary ministry of information, Barrister Isuwa Misali who congratulated the new executives to work together towards forging the union forward.

Other speakers at the event who presented their good will messages include NUT state Chairman, Comrade Rodney Nathan, representative of the Judicial Staff Union of Nigeria, JUSUN Adamawa state Chapter and Radio Television Theatre and Art Workers Union, RATTAWU.

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