Unity Bank Plc released its 2016 result for the nine months ended 30 September 2016 ; See below
|Unity Bank Plc 2016 Quarter three Results|
|Unity Bank Plc||2016 Q3||2015 Q3||%age Change|
|Net interest income||9,625,535||20,854,117||-54%|
|Profit after tax||3,425,585||9,313,054||-63%|
This result was officially released on the 24th of October 2016.
Source: Nigerian Stock Exchange
Baba Bajaj: Runs faster, lasts longer, covers 5500 kms on tough Nigerian roads
The rally took up the challenge of proving how credible the product and also engaged the stories of the riders.
For the first time ever, Nigeria experienced its own keke rally that kicked off on 7th August from the Stallion Auto Keke – Ijesha Showroom for Bajaj Kekes. The Stallion Bajaj Keke Rally has now completed a tough terrain of 5594 kms through 27 cities and 18 states in the West, East and North Central in less than 41 days. It consisted of a team of 5 experienced riders and the Stallion Bajaj officials and security agents. Collectively the convoy covered more than 26000 Kms without any product issues.
Managing Director for the business, Mr. Manish Rohtagi stated that “The Keke Rally really boasts on how the New Baba Bajaj is tough, strong, reliable, and well equipped for the Nigerian roads. Having covered almost more than 5000 kms the Kekes did not face any performance or maintenance challenges. It kept its brand promise of “Runs Faster, Lasts Longer” through every rider who was a part of this rally.”
The rally was flagged off from Lagos and covered states like Ogun, Oyo, Kwara, Kogi, Benue, Enugu, Ebonyi, Cross River, Akwa Ibom, Abia, Rivers, Anambra, Delta, Edo, Ondo, Ekiti, Osun, to prove the durability of Bajaj Keke. It even spread the message of urging people of Nigeria to be responsible in maintaining hygiene to curb the spread of Corona Virus. The Stallion Bajaj Keke Rally visited celebrated cultural and historic sites in each state highlighting and sharing the Nigerian culture of host communities. The journey to these sites brought forth the stories around it to encourage connecting the youth to their rich heritage.
The vision from this rally was not only to take up the challenge of proving how credible the product is but also engaging in the stories of these riders that will go on to make the brand what it is. The alliance of Stallion and Bajaj will continue to improve lives by going an extra mile providing rider-training facilities, scholarship programmes, mechanic empowerment programmes, ease in financing, ease of spare part availability and differentiated customer service through its existing footprints within the auto industry.
Bajaj Auto Ltd. is a world leader in the intra city vehicle space. Loved in 70 countries the brand stands for integrity, dedication, resourcefulness, and determination to succeed and empower. It is a well-known brand for its durability, speed and manuverability and is the pioneer brand of tricycles in Nigeria loved by millions. It’s a keke for the people engineered for a smooth journey and better livelihood.
UBA launches new online entertainment platform, ‘RED Radio’ with Wizkid interview
UBA’s RED Radio launches with an exclusive interview with its brand ambassador, Wizkid.
Pan- African financial institution, United Bank for Africa, (UBA Plc), continues to lead in innovation with the launch of its dynamic and creative Online Radio channel – RED Radio.
RED Radio, powered by UBA is a lifestyle web platform that has been set up to inform, educate, entertain and to bring to the fore, the best of Africa. Much like its sister platform, REDTV, RED Radio is expected to showcase the best in lifestyle, entertainment, music, news, comedy and fashion.
Speaking on the launch of RED Radio, Group Chairman of UBA, Tony O. Elumelu applauded the creative initiative, emphasising that UBA as a financial institution is always ready to support creativity and entrepreneurship. The 2020 Time 100 most influential person in the world who has committed USD100 million to empowering young entrepreneurs across Africa said about RED Radio, “Creativity and innovation are a powerful combination and every detail in an art piece is important and meaningful. This applies to growing businesses and budding entrepreneurs. You will encounter challenges, like I did, but each experience is a lesson that brings you closer to your goal. That is the beauty of creativity.”
Continuing, Elumelu remarked, “There are many ways to make something beautiful, to make a sound interesting or to bring a story to life. You can define your expression, and today, as UBA’s RED Radio launches, I wish Bola Atta and her enterprising team many successes through this beautiful medium of expression.”
In appreciation of the support of UBA Group Chairman for the exciting creative initiative, UBA’s Group Head, Corporate Communications, Bola Atta, said ‘just like, REDTV which is Africa’s leading online entertainment network, RED Radio is positioned to fast become the foremost online radio platform in Africa’.
Also expressing his delight, UBA’s Brand Ambassador and star boy, Wizkid, said, “I am never too busy for my UBA family,” as he granted an exclusive interview on one of the station’s flagship shows ‘On the Street’ where he spoke extensively about his upcoming album and what his fans should expect from him in the coming weeks.
RED Radio promises to bring rich and engaging content that will keep its audience coming back constantly for vibrant and robust entertainment. Listeners can tune in to www.itsredio.com 24/7.
SEPLAT activates investigation team on Okpe, Sapele incident
Seplat has commenced an investigation into reports of the presence of hydrocarbons in its water well.
Seplat recently received a complaint from five households at Okpe and Sapele in Delta State, indicating the presence of hydrocarbons in their respective dug shallow water wells. An emergency response was immediately activated and an investigation team comprising the Department of Petroleum Resources (DPR), the National Oil Spill Detection and Response Agency (NOSDRA), and Delta State Ministry of Environment conducted a joint investigation visit, alongside the Seplat emergency response team.
Seplat has prioritized the safety of the residents of the affected area by providing potable water and secured the water wells from access. We will continue to support the investigation and provide palliative support to the households in line with the company’s firm commitment to its robust Health, Safety and Environment culture in all areas of its operations.
Seplat has carried out checks of other water boreholes in the same vicinity and have drilled additional test boreholes. None of them has any signs of hydrocarbon in the water. No oil leaks or seepage has been traced back to the Seplat operated facilities.
We wish to thank the affected households for their co-operation and peaceful approach and to reassure them and the communities that we are expediently investigating the root cause of the incident.
Explore the Nairametrics Research Website for Economic and Financial Data
Seplat is a leading indigenous energy company in the prolific Niger Delta area of Nigeria. Seplat has built strong partnerships with its vital local communities, promoting trust and confidence amongst its various stakeholders, ultimately resulting in a stable operating environment that facilitates the creation of shared value.