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GUINNESS NIGERIA PLC RECEIVES SHAREHOLDER APPROVAL FOR N40BN RIGHTS ISSUE

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L-R Vice-Chairman and President, Diageo Africa, Mr John O’Keffe, Chairman, Mr. Babatunde Savage, Managing Director/CEO, Mr. Peter Ndegwa and Non Executive Director, Mr. Bismark Rewane all of Guinness Nigeria Plc at the Extra Ordinary General Meeting of the company which held at the Oriental Hotel, Lagos state this afternoon.

Non Executive Director, Mr. Bismark Rewane; Vice-Chairman and President, Diageo Africa, Mr John O’Keffe; Company Secretary, Mr. Rotimi Odusola; Chairman, Mr. Babatunde Savage, all of Guinness Nigeria Plc at the Extra Ordinary General Meeting of the company which held at the Oriental Hotel, Lagos state this afternoon.

 

 

Guinness Nigeria Plc, held its Extra-Ordinary General Meeting (EGM) on Tuesday, 24th January 2017 and received the approval of its shareholders for a proposed Rights Issue. The meeting which took place in Lagos was well attended by local shareholders and representatives of international shareholders. In addition to the Rights Issue, all other company resolutions were passed at the event.

Speaking on the meeting, Babatunde Savage, Chairman, Guinness Nigeria Plc, said: “Guinness Nigeria has been in this country for over 60 years and,in that time, we have continued to add significant economic and social value to Nigeria and Nigerians. We believe this Rights Issue will positively impact on the financial performance of Guinness Nigeria and help mitigate the impact of increasing finance costs in what continues to be a challenging economic environment in Nigeria. I call on all my fellow shareholders to take this opportunity and support the company’s objectives.”

Guinness Nigeria Plc which is a subsidiary of Diageo plc, had announced at the end of 2016, its intention to offer a Rights Issue as part of plans to optimise its balance sheet and improve its financial flexibility. With the approval of its shareholders, the company is now in a position to raise up to N40bn as fresh cash injection into the business operations.

 

Also speaking at the meeting, Peter Ndegwa, Managing Director/CEO, Guinness Nigeria Plc said that the company has good fundamentals and potentials for the future. “Guinness Nigeria is a company with excellent fundamentals and we have the right strategy and the right people to grow our business for the future. This Rights Issue in combination with our productivity and cost optimization drive will help provide the fuel to continue to build this business for Nigeria and Nigerians.”

 

Guinness Nigeria Plc last year became the first total beverage company in Nigeria when it acquired rights to distribute international premium spirits like Johnnie Walker and Baileys in Nigeria in January 2016 and later commissioned a spirits line for locally manufactured spirits at its Benin plant in November. This week, the company is also expected to release its first half results for the 6-month period ended 31stDecember 2016.

 

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Dr. Ifeoma Eze: The Connection That Transforms Lives

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Dr. Ifeoma Eze: The Connection That Transforms Lives

Dr. Ifeoma Eze: The Connection That Transforms Lives

Dr. Ifeoma Eze isn’t just a preacher; she is a voice that awakens purpose, a mentor who nurtures potential, and a guide leading people back to the true source of value—God. With warmth, wisdom, and an undeniable passion for transformation, she delivers a simple yet powerful message: your worth isn’t defined by what you have, but by who you are connected to.

Dr. Ifeoma Eze: The Connection That Transforms Lives

In her inspiring book, Becoming A Person of Exceptional Value, Dr. Eze drives home a truth that is often overlooked: no one can truly thrive in life without being plugged into the ultimate source—God. “We are not just physical beings trying to have a spiritual experience,” she says with conviction. “We are spiritual beings navigating a human journey.”

She takes readers back to the very beginning—Genesis 1:28—where God gave humanity a clear mandate: be fruitful, multiply, replenish the earth, subdue it, and have dominion. “This isn’t just about surviving,” she explains. “It’s about thriving, creating impact, and living a life that truly matters.”

But what happens when people try to go through life disconnected from their source? Dr. Ifeoma paints a vivid picture: “Imagine a strong, well-built water pipe. It looks good, but if it’s not connected to a water supply, it serves no purpose. That’s exactly what happens when we try to succeed without God—we may look promising, but we’ll never truly function as we were meant to.”

She also draws lessons from Jesus’ encounter with the barren fig tree. “Jesus wasn’t upset with the tree for simply existing,” she explains. “He was upset because it gave the appearance of having fruit but had nothing to show for it. And that’s how many people are today—outwardly successful but inwardly empty.”

Dr. Ifeoma Eze’s message is more than just words—it’s a heartfelt call to action. She speaks with the authority of someone who has walked this path, someone who has experienced firsthand what it means to be transformed by divine connection. Her sermons are not just lessons; they are life-changing encounters, filled with energy, encouragement, and practical wisdom.

Through Becoming A Person of Exceptional Value, she challenges people to reconnect with God, to recognize their true worth, and to step boldly into their calling. “You weren’t created to struggle in mediocrity,” she affirms. “You were made to shine, to build, to replenish, and to lead. But first, you must be connected to the One who gives all value.”

Dr. Ifeoma Eze isn’t just teaching people how to live; she’s showing them how to truly thrive. And in a world where so many are searching for meaning, her message couldn’t be more timely.

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Business

Ramadan Delight: Enjoy Flexible Payments, Huge Discounts & Exclusive Gifts with Adron Homes

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Ramadan Delight: Enjoy Flexible Payments, Huge Discounts & Exclusive Gifts with Adron Homes

 

In the spirit of Ramadan, Adron Homes and Properties is spreading joy and making homeownership more accessible with its “Ramadan Delight” promo. This special initiative offers incredible rewards and discounts, reflecting the company’s commitment to providing affordable housing solutions while embracing the essence of generosity during this sacred month.

As part of the promo, customers can enjoy up to 30% discount off land prices and the convenience of spreading payments for up to 24 months with flexible, zero-interest installment options. This incredible offer allows aspiring homeowners to invest in premium estates without financial strain, making their homeownership dreams a reality.

To make the season even more rewarding, Adron Homes is gifting subscribers valuable items, ensuring they experience the true delight of Ramadan. Customers who take advantage of this special offer will receive exciting gifts, including provision packs, provision hampers, standing fans, fruit baskets, microwaves, smart TVs, refrigerators, and many more luxurious rewards. Additionally, essential food items such as bags of rice, cartons of noodles, gallons of cooking oil, and Ramadan hampers will be shared, along with prayer mats and Qur’ans to support spiritual reflection.

Adron Homes estates are; in Lekki-Epe, Badagry, Shimawa, Ibadan, Abeokuta, Ede Osun, Osunjele, Ilisan, Jos, Sagamu, Ado Ekiti, Atan Ota, Ikorodu, Papalanto, Ijebu Ode, Abuja, Nasarawa, Niger, and more. With strategically located estates and a commitment to excellence, the company ensures that clients have access to premium and affordable properties in fast-growing areas.

Beyond offering attractive property deals, Adron Homes is reinforcing its commitment to corporate social responsibility by giving back to communities, mosques, and underprivileged individuals. The company has embarked on a charitable drive, donating food items and relief materials to support those in need, embodying the true essence of Ramadan’s spirit of generosity and kindness.

With the “Ramadan Delight” promo, Adron Homes continues to redefine real estate accessibility while celebrating the beauty of giving. Now is the perfect time for individuals and families to take advantage of this remarkable opportunity to own a home while enjoying heartfelt rewards.

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FIRSTBANK FILES APPEAL

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FirstBank has announced that its FirstEdu product designed to put schools at an advantage in the financing of capital projects such as the acquisition of new property, school expansion and reconstruction has been remodeled to a period of up to a maximum tenor of 48 months.

-INJUNCTION AND STAY OF EXECUTIONC

-ARGO REMAINS UNDER ARREST

 

In a surprising twist of events, its decision delivered today, the Federal High Court in a surprising shift from the true nature of FirstBank ’s claim held that the matter is not a maritime claim but rather, a simple case of debt recovery. This is quite surprising considering the fact that the order sought is to prevent further fraudulent sale of crude on the FPSO.

 

Shockingly, the court also held that the Arrest Order against the cargo, because it was exparte in nature, expired by effluxion of time within 14 days of its issuance.

 

Aggrieved by the decision, FirstBank lodged an appeal against the decision of the FHC. Also, FirstBank filed an application for an injunction of the court against GHL, pending the determination of the appeal. The Cargoes of Crude Oil on the FPSO TAMARA TOKONI remain arrested.

 

While FirstBank has great respect for the courts, it strongly disagrees with the ruling, which, in our view, constitutes a miscarriage of justice.

 

FirstBank remains committed to protecting and securing the interest of its members and will relentlessly pursue justice against mischievous debtors seeking to use the machinery of the law to perpetuate mischief and evade their responsibility to offset outstanding obligations.

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