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Companies

DAAR Communication Plc recognises key industry players at her 3rd DAAR Awards

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DAAR Awards 2019

DAAR Communications Plc, an independent privately-owned broadcasting organization in Nigeria sets to recognize notable Nigerians who have pioneered excellence in their various industries for the calendar year of 2018.  The event is scheduled to take place on the 19th of January, 2019 at the International Conference centre, Abuja, with a red carpet event at 6PM preceding the award ceremony at 7PM.

The DAAR Awards 2019 promises upsets as powerhouses go against emerging forces across business, politics, media, fashion, entertainment and lifestyle in a nod for exceptional performances across the calendar year in review. Speaking on the selection process, Chief Raymond Dokpesi Jr., Chairman, DAAR Communications PLC noted “DAAR Awards is an event to commemorate those individuals in society who have made it their life’s work to be exemplary. It celebrates the individuals who ought to be celebrated by the work they have done, the positive influence they have imparted, their drive to be symbols of excellence as Nigerians and the lives they have touched in the process.”

Notable brands like Coca-cola, Indomie, Peak Milk and Guinness made the nomination list for the most loved Nigerian Brand for the past year; Presidential candidate, Madamme Oby Ezekwesili, aims for the start of a clean sweep but faces stern competition from assertive First Lady, Her excellency, Aisha Buhari, the phenomenal Deputy Secretary General of the United Nations, Amina Mohammed and baby-faced, symbol of hope and unity, Leah Sharibu.

Long serving icon 2baba battles WizKid, Davido and 2018 trailblazer, BurnaBoy for the Impact in Music of the year award. Ahmed Musa and Alex Iwobi punch above their weight category for the title of sports personality of the year against the beloved Anthony Joshua and Nigeria’s first ever bobsled team.

In Business, Sanni Dangote, Mike Adenuga and Abdulsamad Rabiu vie for the Businessman of the year award, just as Ibukun Awosika, Stella Chinyere Okoli, Mrs. Mosun Belo-Olusoga and Mo Abudu aim to be recognized for their outstanding year as businesswomen of the year.

To conclude the battle of the banks: GTBank, Access bank, Fidelity Bank and UBA push for the entrepreneurship bank of the year. While BellaNaija, Kraks TV,  Linda Ikeji and Instablog slug it out for bragging rights as the most influential online platform of the year.

But in order to truly echo the sentiments of every Nigerian, the group created a voting link for every category on the event’s website and social media handles:  www.DAARawards.com; DAARawards; DAARawards; and @DAARawards on Instagram, Facebook and twitter respectively.  Early voting starts on social media from 10 am, whilst voting on the website kicks-off at 1pm today, 11th January, 2019.

Speaking on the importance of rewarding excellence and the importance of meritocracy as a key driver of economic growth, Chief Raymond Dokpesi Jr. said on the awards, “It is one of the key roles of the media to maintain an upwardly progressive society, to create sustainability by applauding the architects of growth at all levels”.

Corporate tables and individual tickets to attend the Awards Night are available for purchase and the 3rd DAAR Achievers Awards team can be contacted via [email protected].

"NM Partners" represent articles published in partnerships with Corporate Organisations, Government and Non-Governmental Institutions, and other stakeholders seeking to publish content on Nairametrics. Content includes Press Releases, Targeted content, and other forms of corporate communications targeted at our readers. Some of these content are paid for.

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    Appointments

    Airtel Nigeria announces appointment of Surendran as new Chief Executive Officer

    Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new MD/CEO with effect from August 1, 2021.

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    Like MTN, is Airtel Nigeria considering listing?

    Telecommunications giant, Airtel Nigeria, has announced the appointment of Mr C. Surendran as the new Managing Director and Chief Executive Officer with effect from August 1, 2021.

    Surendran would be replacing the outgoing Managing Director and Chief Executive of Airtel Nigeria, Olusegun Ogunsanya, who has been elevated to the position of Chief Executive Officer of Airtel Africa Plc with effect from October 1, 2021.

    According to a report from the News Agency of Nigeria, this disclosure is contained in a statement issued by Airtel on Wednesday, May 5, 2021, in Lagos.

    READ: Airtel Africa signs new $500 million loan with Bank of America, HSBC, others

    The statement says that Surendran would also be appointed to the Executive Committee (ExCo) as Regional Operating Director, reporting to the CEO of Airtel Africa plc, and onto the Board of Airtel Networks (Nigeria) Limited.

    Airtel in its statement said, “Surendran has been with Bharti Airtel since 2003 and has contributed immensely in various roles across customer experience, sales and business operations.

    He was the Chief Executive Officer of Karnataka, which is the largest circle in Airtel India, with over one billion dollars in revenue.

    Surendran delivered an exceptional performance with significant movement in Revenue Market Share (RMS) over the last few years, currently at 54 percent. He has over 30 years of business experience, including 15 years at Xerox.’’

    Hotflex

    Airtel said that Surendran would transition into his new role from June 1, 2021, and spend the time onboarding into the business until July 31, 2021.

    READ: Meet the latest billionaires on the Nigerian Stock Exchange

    In case you missed it

    It can be recalled that a few days ago, Airtel Africa Plc, a leading provider of telecommunications and mobile money services in Nigeria and 13 other countries, announced the appointment of Mr Olusegun Ogunsanya as the new Chief Executive Officer, following the notice of retirement given by the current Managing Director/Chief Executive Officer, Raghunath Mandava, to the Board.

    In the notification sent by Airtel Africa to the Nigerian Exchange, Ogunsanya is expected to join the board of Airtel Africa with effect from October 1, 2021.

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    Companies

    Our First Bank loan is being serviced, reduced by 30% in 2 years – Honeywell Group

    The credit facilities accessed from First Bank were granted after due negotiations, with the necessary documentation and in line with regulatory policies and industry standards.

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    Billionaire watch: Oba Otudeko’s stakes in Firstbank and Honeywell are worth N10.3 billion

    The Honeywell Group has said that its loan with First Bank is being serviced as the conglomerate had reduced the facility by 30% in the last two and half years.

    This was disclosed by the Group via a statement issued on Sunday and seen by Nairametrics.

    According to the statement, the company and the bank have had a professional business relationship since 1975, which preceded the group’s investment in the bank over a decade later.

    According to the Honeywell Group, the credit facilities accessed from First Bank were granted after due negotiations, with the necessary documentation and in line with regulatory policies and industry standards.

    The Group further explained that following agreed terms, its facilities are adequately secured with First Bank with collaterals in place at over 170% of forced sales value and 230% at open market value.

    It stated, “In 2015, First Bank under the directive of the Central Bank of Nigeria, drew our attention to a 2004 circular (BSD/9/2004) which requires that insider related facilities must not exceed 10% of paid-up share capital.

    Based on this directive we subsequently entered negotiations with the bank to agree on an appropriate repayment structure and the final negotiated position was duly approved by the CBN.

    In addition to the above, First Bank, on the directive of CBN, requested additional security in the form of FBN Holdings Plc shares held by the Chairman of Honeywell Group, Dr Oba Otudeko citing a 2001 circular. This was duly provided through an authorisation to place a lien on the shares.”

    Honeywell Group has continued to meet all its obligations on its facilities with the bank according to agreed terms and has reduced its exposure by nearly 30% in 2.5 years. The facilities were charged at market rate and the bank continues to earn significant interest therefrom.”

    What you should know

    • Nairametrics had reported when the Central Bank of Nigeria directed Honeywell to fully repay its obligations to First Bank within 48 hours, warning that failure to do so would cause the CBN to take regulatory measures against the insider borrower and the bank.
    • The Chairman of Honeywell Group, Oba Otudeko, also served as Chairman of FBN Holdings Plc until he was asked by the apex bank to go along with other directors on Thursday.
    • The apex bank had noted in a letter last Wednesday that First Bank had yet to comply with regulatory directives on divesting its interest in Honeywell despite several reminders.
    • Also, the CBN asked First Bank to forward evidence involving the divestment of interest in Honeywell Flour Mills and Bharti Airtel Nigeria Ltd within 90 days.

    Download (PDF, 525KB)

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