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Business News

Greenfield University abduction: FG determined to continue fighting all forms of banditry – Buhari

The president promised to continue the fight against banditry and urged Nigerians to show empathy and come together as a society.

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Military located bandits in kankara, Q1 2020 National Debt report, Buhari finally speaks on NDDC probe, urges NA to act with a sense of urgency,National Human Rights Commission,Presidency bows to pressure, agrees to demand made by EndSARS protesters, Our economy is too fragile to bear another round of lockdown-Buhari, Zarbarmari: Massacre by Boko Haram is nothing short of senseless, barbaric, gruesome and cowardly- Buhari

President Muhammadu Buhari finally reacted to the news of the killing of students abducted at Greenfield University, Kaduna by bandits earlier this week, promising to continue the fight against banditry and urged Nigerians to show empathy and come together as a society.

The President disclosed this in a statement on Saturday afternoon, after reports emerged of the killings.

What the President said

“The killing of three of the students kidnapped at Greenfield University, Kaduna, is tragic and condemnable. Three young Nigerians cut down in their prime, by evil people. My thoughts are with their families in this time of grief. May their souls Rest In Peace.

READ: Zamfara School Kidnap: State Governors must play their part – Buhari

These recurring kidnappings and killings, in Kaduna State in particular, are barbaric terror attacks. We are determined to continue fighting all forms of banditry, kidnapping and criminality with maximum will and with all the resources available to our country,” he added.

The President described it as unfortunate, that some political and religious leaders were inciting violence to stoke division of mourning families and urged the “great show of empathy and coming together as a society to squarely confront these elements and the danger they pose to our democracy and peaceful life in the country.”

READ: Kidnapping operations funding Boko Haram – El-Rufai

What you should know

The Kaduna State Commissioner for Internal Security and Home Affairs, Samuel Aruwan, announced on Friday that 3 students kidnapped at Greenfield University by bandits earlier this week were found dead. The bandits had demanded a ransom of N800 million from the parents of the students.

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    Corporate Press Releases

    Unilever holds 96th AGM, declares N62bn Turnover

    According to the Company’s financial report, there was a 2.4 per cent year-on-year increase in revenue from N60.8 billion to N62 billion in the year under review.

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    Leading consumer goods producer, Unilever Nigeria Plc has declared a turnover of N62 billion for the financial year ended December 2020, even as the Board assured shareholders of their commitment to good corporate governance to drive sustainability and efficiency across the Company’s operations.

    Addressing shareholders at the 96th Annual General Meeting of the Company, the Chairman of the Board, His Royal Majesty, Nnaemeka Achebe commended the shareholders for their trust and loyalty to the Company despite the challenges posed by the COVID-19 pandemic in the year under review. He added that the Company will remain strategic in its approach to attaining sustainable growth and profitability.

    According to the Company’s financial report, there was a 2.4 per cent year-on-year increase in revenue from N60.8 billion to N62 billion in the year under review. The increase was driven by 7.3 per cent year-on-year growth in its food products, which was slightly offset by a 3 per cent revenue drop in the home and personal care segments. These results reflect a challenging operating environment

    Speaking on the results, The Chairman, Board of Directors, Nnaemeka Achebe, stated that even though 2020 was a year of significant disruptions and volatilities impacting the operating environment, Unilever Nigeria continues to build its resilience to navigate the impact of headwinds.

    Achebe added that the company remains focused on its strategy to deliver sustainable growth both in the medium and long-term riding on the pillars of operational efficiency, cost optimization, purposeful brands and increasing market share across key categories.

    “We continue to monitor the business environment and respond appropriately to volatilities in the operating environment as well as disruptions from the Covid-19 pandemic,” he said.

    In compliance with the Federal and State government directives on social distancing as part of measures to reduce the spread of the coronavirus, this year’s AGM was hybrid with most of the shareholders joining virtually.

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    Business News

    FG’s latest COVID-19 restrictions do not affect our operations – Airline

    Airline operators have disclosed that the Federal Government’s latest COVID-19 announcement does not affect their operations.

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    Boeing 737 Max Air, Boeing 737 MAX crash: Victims’ families to get N52 million compensation fee  , Global Air passenger slump to persists til 2023- Moody’s 2023- Moody’s

    Airline operators have disclosed that the Federal Government’s latest COVID-19 announcement does not affect their operations.

    One of them, Air Peace Limited, informed its patrons via its Twitter handle that its operations are still intact despite the lockdown restrictions.

    It tweeted, “Be informed that the latest COVID-19 announcement by the Federal Government does not affect our flight operations for now, as we’re still servicing our regular routes.

    We’ll keep you posted via our social media platforms as new updates on this emerge.”

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