Connect with us

Business

Emirates celebrates Presley, Beatles and global icons on ICE Entertainment

Published

on

Air Canada and Emirates now operate on Dubai Terminal 3

Emirates celebrates Presley, Beatles and global icons on ICE Entertainment

Emirates
Emirates passengers can now watch a host of acclaimed documentaries and movies featuring the late Queen Elizabeth II, Elvis Presley, and The Beatles, on the award-winning ice inflight entertainment system this October. This package which has been designed in honour of the iconic figures who have shaped both culture and history throughout the 20th century, come as the celebrates its 17th year as the ‘World’s Best Inflight Entertainment’ at the Skytrax World Airline Awards. The ice line-up includes exclusive brand-new releases such as Elizabeth: A Portrait in Parts- a touching tribute that charts the remarkable life of Queen Elizabeth II, the longest reigning British monarch and longest serving female head of state in history. Weaving together a nostalgic montage of footage of the Queen over 70 years, the viewer is transported on a creative and emotive journey through her lifetime.

Passengers can also enjoy the critically acclaimed 2022 movie – Elvis, a Baz Luhrmann directed biographical musical drama, which has already been a huge hit in the box office. True Elvis Presley fans can further immerse themselves in his extraordinary musical career with the Elvis Spotlight Collection featuring six of his classic movies; Jailhouse Rock (1957), It Happened at the World’s Fair (1963), Viva Las Vegas! (1964), Tickle Me (1965), Speedway (1968) and Live a Little, Love a Little (1968). A further two documentaries on the rock and roll star including ‘Making the Movies Special – Elvis + Music in Films’ and ‘Classic Albums: Elvis Presley’ are available to watch on ice.

 

 

 

Music fans can engage in an exploration of the one of the world’s most influential bands, Brit rock and roll foursome – The Beatles, in a new documentary, The Beatles and India. The film is a unique historical chronicle of the enduring love affair between The Beatles and India featuring rare archival footage, photographs, eye-witness accounts, and expert comments on the contrast between their fast-paced celebrity lives in the West and their search for spiritual bliss in India, which lead to an inspirational burst of creative song-writing.

Action aficionados will enjoy a new documentary entitled Val, which examines the life, career, and health struggles of Hollywood star Val Kilmer, in addition to the box office busting 2022 Top Gun Maverick movie and the original Top Gun (1986) starring the actor, both available on ice.

 

 

 

Throughout 2022, the most-viewed genres on ice so far are documentaries, action, thrillers, and comedies. The most watched movies on ice this year include Spider-Man: No Way Home, the latest James Bond movie No Time to Die and the Academy Award® winning King Richard starring Will Smith. The most popular family and kids’ movies include Boss Baby: Family Business, Encanto, and Sing 2.

Emirates continually updates its inflight content, adding hundreds of movies, TV shows, podcasts, and music channels each month to its extensive entertainment library. More new movies and shows now on ice include Minions: The Rise of Gru, Where the Crawdads Sing, Father of the Bride (2022), The Black Phone, James Webb: The $10 Billion Space Telescope, and the 2022 Emmy® award-winning Hacks: Seasons 1 and 2.

 

 

 

Passengers enjoying an Emirates flight can access a world class entertainment library with more than 45 Academy Award® winning films, 5,000 channels of on demand entertainment, over 1,500 movies and 1,500 hours of TV, as well as music, podcasts and audiobooks across 40 languages, 5 channels of live TV including news from BBC, CNN and Sky News Arabia, and two channels with live sport coverage- Sport 24 and Sport 24 Extra.

Passengers can also curate their own ice experience before their flight, simply by browsing and pre-selecting movies or TV shows on the Emirates app, which can then be synced to ice the moment they board, maximising the seamless travel experience.

Continue Reading
Advertisement

Business

PRESIDENT TINUBU CONGRATULATES DR ADEDUNTAN, AS FIRST BANK CELEBRATES EX-GROUP CEO

Published

on

PRESIDENT TINUBU CONGRATULATES DR ADEDUNTAN, AS FIRST BANK CELEBRATES EX-GROUP CEO

STATE HOUSE PRESS RELEASE

PRESIDENT TINUBU CONGRATULATES DR ADEDUNTAN, AS FIRST BANK CELEBRATES EX-GROUP CEO

President Bola Ahmed Tinubu congratulates Dr Adesola Adeduntan, the retired Group Chief Executive Officer of First Bank Nigeria Limited, for his exceptional service at Nigeria’s oldest bank.

In celebration of Adeduntan’s remarkable tenure, the 130-year-old First Bank will host a special send-off ceremony this weekend, expressing gratitude for his contributions over the past nine years.

President Tinubu commends him for steering the bank through transformative growth, which includes expanding customer accounts from 10 million to over 42 million and elevating Profit Before Tax from N10 billion in 2015 to an impressive N300 billion in 2023.

These milestones, the President said, reflected Adeduntan’s visionary leadership and commitment to excellence.

The President expresses his appreciation for Adeduntan’s willingness to serve the nation in various pivotal roles, including his contributions to the Nigerian Economic Summit Group and other prominent institutions. His extensive expertise in the financial sector has significantly bolstered Nigeria’s economic landscape.

President Tinubu also lauds the bank’s solid internal management ethos, which is responsible for the seamless transition from Adeduntan to the current CEO, Olusegun Alebiosu.

President Tinubu wishes Dr. Adeduntan continued success in all his future endeavors.

Bayo Onanuga

Special Adviser to the President

(Information & Strategy)

November 1, 2024

 

Continue Reading

Bank

ZENITH BANK DELIVERS REMARKABLE TRIPPLE-DIGIT GROWTH IN GROSS EARNINGS AS PBT HITS N1.0 TRILLION IN Q3 2024  

Published

on

Zenith Bank Enhances E-Channel Services for Customers

ZENITH BANK DELIVERS REMARKABLE TRIPPLE-DIGIT GROWTH IN GROSS EARNINGS AS PBT HITS N1.0 TRILLION IN Q3 2024

 

Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2024, recording a remarkable triple-digit growth of 118% from N1.33 trillion reported in Q3 2023 to N2.9 trillion in Q3 2024. This performance underscores the Group’s resilience and market leadership in spite of the challenging macroeconomic environment.

 

According to the Bank’s unaudited third quarter financial results presented to the Nigerian Exchange (NGX), the triple-digit growth in the topline also led to an increase in the bottom line, as the Group recorded a 99% Year on Year (YoY) increase in profit before tax, growing from N505 billion in Q3 2023 to N1.0 trillion in Q3 2024.  Profit after tax equally grew by 91% from N434.2 billion to N827 billion in the same period.

 

The growth in the topline was driven by the expansion of both interest income and non-interest income. Interest income saw a notable 190% rise to N1.95 trillion, attributed to the high-yield environment. Non-interest income rose by 41% to N856 billion, bolstered by substantial growth in fees and commissions, which highlights the strength of Zenith Bank’s retail growth and the robust performance of its digital channels during the reporting period. The robust increase in profitability reflects the Bank’s focus on operational efficiency and strong risk management practices. Earnings per share (EPS) nearly doubled, rising to N26.34 from N13.82 in Q3 2023, underscoring Zenith Bank’s strong value creation for shareholders.

 

The Bank’s balance sheet grew significantly, with total assets growing by 49% to N30.4 trillion, largely supported by customer deposits, which rose by 42% to N21.6 trillion. This growth in deposits was broad-based across corporate and retail segments, highlighting the Bank’s deepening reach and customer loyalty. Gross loans increased by 46% to N10.3 trillion, underscoring the commitment to supporting strategic sectors in the economy.

 

Capital adequacy ratio remained strong, improving to 21.9%, well above regulatory requirements. The return on average equity (ROAE) stood at 37.8%, up from 35.1%, while return on average assets (ROAA) also improved to 4.3% as Zenith Bank maximized its asset base. Cost of funds increased to 4.3%, reflecting the broader market trend of rising interest rates, while the cost of risk was maintained at 7.3%, underscoring the Bank’s proactive approach in provisioning for credit risk. The Bank’s cost-to-income ratio rose to 39.5%, reflecting the impact of strategic investments in technology and capacity building aimed at supporting long-term growth, even as it continues to strive for greater operational efficiency.

 

Zenith Bank’s asset quality remains a cornerstone of its strength, with a non-performing loan (NPL) ratio of 4.5%, within regulatory limits. A high coverage ratio of 198.4% underscores the Bank’s disciplined approach to risk management, positioning it for resilience in the face of market volatility while supporting stable loan growth.

 

Zenith Bank remains steadfast in its commitment to sustainable growth and value creation. The Bank launched a capital raise program on August 1, 2024, consisting of a combined Rights Issue and Public Offer. This capital raise was driven by the Central Bank of Nigeria (CBN)’s recapitalization directive for commercial banks issued in March 2024. While the Bank awaits final capital verification approvals from authorities, the fundraising exercise was successful, reflecting strong confidence in Zenith Bank’s brand.

 

The additional capital will enhance the Bank’s ability to expand its product offerings, deepen its penetration in strategic sectors, boost lending to the real sector and pursue its African and global expansion plan.  In furtherance of this, the Bank in September 2024 received regulatory approval for the establishment of a Zenith Bank branch in Paris, France, which is fully operational and will enhance the Bank’s product offerings in international markets.

 

With a strengthened capital base, Zenith Bank is well-positioned to navigate the evolving economic landscape, while putting best-practice sustainability standards at the heart of its business. The Bank will also continue to prioritize opportunities that enhance stakeholder value and a strong compliance and corporate governance culture, which will reinforce the its leadership position within Nigeria’s financial sector and drive long-term growth.

Continue Reading

Business

IPMAN: Setting the Record Straight

Published

on

Fueling Uncertainty: Investigating Nigeria's Subsidy Removal And Dangote Refinery Debacle* By Sylvester Audu

IPMAN: Setting the Record Straight

 

The Dangote Petroleum Refinery wishes to clarify that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) to purchase refined petroleum products.

IPMAN: Setting the Record Straight

Although discussions are ongoing with IPMAN, it is misleading to suggest that they (IPMAN Members) are experiencing difficulties loading refined products from our Petroleum Refinery, as we currently have no direct business dealings with them. Consequently, we cannot be held responsible for any payments made to other entities.

The payment in mention has been made through the Nigerian National Petroleum Company Limited (NNPCL), and not us. In the same vein, NNPCL has neither approved, nor authorised us to release our Premium Motor Spirit (PMS) to IPMAN.

We would like to emphasise that we can meet the nation’s demand for all petroleum products, including petrol, diesel, and aviation fuel. At present, we can load 2,900 trucks per day and we have also been evacuating petroleum products by sea. We advise IPMAN to register with us and make direct payment as we have more than enough petroleum products to satisfy the needs of their members.

Furthermore, we believe it is instructive for all stakeholders to refrain from making unfounded statements in the media, as that could undermine the economic re-engineering efforts of His Excellency, President Bola Ahmed Tinubu. Conducting business through public speculation is counterproductive and unpatriotic.

In the interest of our country, we encourage all stakeholders to collaborate and heed the advice of President Tinubu, while promoting a unified approach, rather than engaging in media conflicts and needless propaganda.

Continue Reading

Cover Of The Week

Trending