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Business

Invitation to Participate in the Olympic Day Celebration + The many Benefits

Published

8 years ago

June 22, 2016

Sahara Weekly

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Olympics is much more than just a sports event, it is a day for the world to get active, learn about Olympic values and discover new sports.

Olympism is a philosophy of life, exalting and combining the qualities of body, will and mind in a balanced whole. Blending sport with culture and education, Olympism seeks to create a way of life based on the joy of effort, the educational value of good example, social responsibility and respect for universal fundamental ethical principles.

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Olympic Day

The International Olympic Committee (IOC) encourages all National Olympic Committees (NOCs) to use the Olympic Day program to educate the youth about the role of sports in the society and about the Olympic values, teach people about the values of excellence, friendship and respect and how they can be applied on and off the field of play.

Based on the three pillars: MOVE, LEARN and DISCOVER, National Olympic Committees worldwide are organizing various fun and creative activities which can be used to create an environment that promotes the Olympic values. Examples are: Music concerts, Art and Exhibitions, Cultural and dancing activities, Olympic Value Education Programs (OVEP), Olympic quiz & other educational activities, sports activities, HIV prevention campaign, Health and environmental protection and promotion of women’s and girl’s empowerment.

MOVE: refers to all sorts of physical activity for people of all ages and abilities. The Olympic Day Run is one of such physical activities. In addition to Olympic Day Run, fun or playful activities can be organized to get people out and active , Tug of way, Taekwondo etc.

LEARN: Teach people about the values of excellence, friendship and respect and how they can be applied on and off the field of play. Olympic Value Education Program (OVEP), Cultural events and activities

DISCOVER: is all about people trying new sports and activities they have never done before. Many ways to do this are: Invite Olympians to do a sport or a workshop in which participants can try the sport under the Olympian’s guidance. You can also work with local clubs to showcase their sport and allow the general public to try it under their guidance. Opportunity for everyone to meet high level athletes, active or retired Olympic champions and to learn about their sport

Program of Events

The Olympic Day celebration will kick start for the first two days with educational programs where children from various secondary schools will be invited to participate in the following. Over 5,000 Students expected..

Olympic Quiz Competition and distribution of prizes to winners .. Thursday, 30th June, 2016
Art exhibition and Dance – Friday, 1st July, 2016..

. The last day of the Olympic Day celebration sat 2nd July 2016 ‎will be all encompassing as follows; Aerobic, Walking/Jogging through some selected routes to the National Stadium for the grand Finale where lots of activities have been scheduled to entertain the participants. Over 15,000 participants expected.

Invitation to Participate:

1) CORPORATE PARTICIPATION: N1.5m

BENEFITS:

– Staff and customers can participate. Primary branding opportunity at the venue of The Olympic Day Celebration *Right to produce Premium and Official merchandise for promotions at The Olympic Day Celebration

– Primary logo presence and credit mention on all publicity and advertising materials for the event including posters, banners, TV commercials, interview backdrops, etc

– Provision of 500 T-Shirts (Branded) to be distributed to staff, customers and other participants for the Olympic Day Celebration

– Adequate security and medical facilities available Any other benefits that may be negotiated and agreed upon by NSFAC

VOLUNTARY PARTICIPATION: Influencers and Entertainers

BENEFITS:

Apart from the unparalleled benefit of service our dear counter, Artists will derive several benefits such as:

– Revenues from digital sales of the song

– Further image promotion and brand recognition

– Opportunity to attend the Olympic send forth dinner being held by the presidency in Aso Rock, ABUJA in July 2016.

– Official nomination as part of the NOC A-list team

– Feature on several press and news media

About Team Nigeria:

Team Nigeria is the Nigerian Team which competes at the summer Olympic Games, youth Olympic Games, Commonwealth Games and All African Games. Team selection is made from the best sportsmen and women by the Nigerian Olympic Committee in conjunction with the national governing bodies. There are 26 sports in the Olympic Programme and Team Nigeria to date has participated in 12 different sports. The 10 events Team Nigeria competed in at the Beijing Olympics in 2008 was the most to date at a single games.

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Business

ASR AFRICA COMMENCES THE CONSTRUCTION OF A 500-CAPACITY LECTURE THEATRE AND FACILITIES WORTH 250 MILLION NAIRA FOR THE ADAMAWA STATE UNIVERSITY, MUBI, NIGERIA

Published

14 hours ago

May 3, 2024

Sahara Weekly

ASR AFRICA COMMENCES THE CONSTRUCTION OF A 500-CAPACITY LECTURE THEATRE AND FACILITIES WORTH 250 MILLION NAIRA FOR THE ADAMAWA STATE UNIVERSITY, MUBI, NIGERIA

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Mubi, May 3rd, 2024

Sahara Weekly Reports That The Abdul Samad Rabiu Africa Initiative (ASR Africa) commences the construction of a 500-capacity lecture theatre and wash facilities for the Adamawa State University, Mubi. This project is coming after the nomination of the institution as a recipient of the ASR Africa Tertiary Education Grant Scheme (TEGS), by the Board of Directors of the Abdul Samad Rabiu Africa Initiative.

Speaking at the event, the Acting Vice Chancellor of the University, Dr. Stephen A. Lagu, expressed his appreciation to the Chairman of BUA group and ASR Africa, Abdul Samad Rabiu, for the rare philanthropy gesture towards the university. He stated that the intervention of the Chairman would reduce the physical infrastructure deficit at their new campus and promote sanitation and hygiene in the university. He added that the choice of the 500-seat lecture theatre with the four boreholes at different locations within the campus was identified and agreed to by the relevant organs of the institution with the ASR Africa team.

Dr Ubon Udoh (MD / CEO, ASR Africa), in his remarks, congratulated the institution for qualifying for the nomination by the Board of Directors of ASR Africa. He stated that the rigorous selection process which includes stringent criteria such as the quality of service delivered by the university and the pedigree of graduands from the institution at the national and international levels, proves that the university is keeping up with its vision as a leading institution of learning in the region. He encouraged the management and students to ensure proper use and maintenance of the facilities as a show of appreciation for the grant given to them.

The Tertiary Education Grant Scheme of the Abdul Samad Rabiu Africa Initiative is part of the efforts of the Chairman of BUA Group and ASR Africa, Abdul Samad Rabiu to give back to the African continent and make a lasting impact in education as a means of uplifting and restoring the dignity and lives of Africans.

About ASR Africa

ASR Africa is the brainchild of African Industrialist, Philanthropist and Chairman of BUA Group, Abdul Samad Rabiu, the Abdul Samad Rabiu Africa Initiative (ASR Africa) was established in 2021 to provide sustainable, impact-based, homegrown solutions to developmental issues affecting Health, Education and Social Development within Africa.

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Business

Rano: Inspiring Story Of An Ice block seller who became billionaire

Published

16 hours ago

May 3, 2024

Sahara Weekly

Rano: Inspiring Story Of An Ice block seller who became billionaire

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Alhaji Auwalu Abdullahi Rano, popularly known as A.A Rano transformed from a humble boy from Kano Village into a billionaire magnate, overseeing a conglomerate that includes 120 filling stations across Nigeria.

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Born into an average family in Lausu, Kano State, Rano started small, with an ice block and groundnut oil business, including other local items.

Rano has gone into building a multi-billion naira enterprise spanning various sectors of Nigeria’s economy.

Today, Rano owns AA Rano oil & Gas industry in Nigeria with 56 ML Tank farm in Lagos, with 120 retail outlet/ fillng stations across Nigeria and over 600 trucks & LPG terminals as well as acquired vessel (M.T LAUSAU).

His ventures include RanoGaz, a state-of-the-art Liquified Petroleum Gas (LPG) terminal, a rice milling company, Rano Lubricant, Rano Air, Lausu Marine and Logistics, AA Rano Terminal, and AA Rano Road Haulage.

@PUNCHNG

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Bank

Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024

Published

23 hours ago

May 3, 2024

Sahara Weekly

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Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024

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In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at the end of Q1 2023 to N39.5bn for Q1 2024. This was made known in the Bank’s unaudited financial statements released on the issuer portal of the Nigerian Exchange (NGX) on Tuesday, 30 April 2024.

According to the statement, Gross Earnings increased by 89.9% yoy to N192.1bn from N101.1bn in Q1 2023. The increase was led by a combination of interest income (90.7% yoy) and non-interest income (84.0% yoy). Growth in interest income was primarily spurred by a higher yield environment and strong earning assets base, while the increase in non-interest income was led by double-digit growth in account maintenance charges, FX-related income, trade, banking services, and remittances, supported by increased customer transactions.

Commenting on the results, Nneka Onyeali-Ikpe, MD/CEO, Fidelity Bank Plc stated, “We are pleased to report another quarter of strong financial performance driven by our strategic focus on customer-centricity, digital innovation and operational excellence. Despite the challenging macroeconomic environment, we remained resilient and agile, delivering double-digit growth on key income lines while advancing our business sustainability agenda.”

In the period under review, the bank grew Net interest income grew by 89.5% yoy to N99.6bn from N52.6bn in Q1 2023, driven by interest and similar income as the yield on financial instruments improved to 14.7% from 10.1% in Q1 2023 (2023FY: 11.6%). In line with the steady rise in interest rates through the year, average funding cost increased by 80bps ytd to 5.2%. However, NIM came in at 8.8%

compared to 8.1% in 2023FY, as increafeatsed yield on earning assets surpassed funding cost to 15.1% from 13.3% in Q1 2023 (2023FY: 13.5%).

Similarly, Total Deposits increased by 17.2% ytd to N4.7tn from N4.0tn in 2023FY, driven by double-digit growth across all deposit types (demand, savings and term). Net Loans and Advances increased by 21.2% to N3.7tn from N3.1tn in 2023FY.

“Beginning the year on this inspiring note reaffirms our strategy of helping individuals to grow, inspiring businesses to thrive and empowering economies to prosper. We are committed to our guidance as we build a more resilient business franchise with a well-diversified earnings base in 2024,” explained Onyeali-Ikpe.

Ranked as one of the best banks in Nigeria, Fidelity Bank is a full-fledged customer commercial bank with over 8.5 million customers serviced across its 251 business offices in Nigeria and the United Kingdom as well as on digital banking channels.

The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.

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