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Nigeria Guiness Is Second Largest – Babatunde

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16 years ago

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The Chairman of Guinness Nigeria Plc, Mr Babatunde Savage has said Nigeria has become second largest market for Guinness worldwide.
The chairman stated this in Lagos last week while addressing stockbrokers and officials of the Nigeria Stock Exchange at the company’s pacts behind the figures programme. He said that Nigeria has surpassed Ireland, the nativity of the company.
The retired Chairman of Guiness Nigeria Plc, Mr Ralph Alabi, said the brand equity of Guinness Nigeria is very strong and its marketing activities second to none in the country.
He said the company is the only one in West Africa that is 150 certified in food quality, adding that the reputation of the company is based on its strong brands.
However, Savage said the company’s remarkable performance over the years is based on accountability and transparency in corporate governance. He also said the company’s share price was undervalued if it is viewed against the background of its price earning ratio of 14 percent for the financial year ended June 30, 2009.
Furthermore, Mr Dipo Aina, former President of Chartered Institute of Stockbrokers (CIS) allegedly disagreed with Guinness reasoning being that Guinness is insignificant float of the company’s shares in the market, adding that only 10 percent of the company’s equity is available for trading in Nigeria Stock Exchange (NSE).
Also speaking at the programme, Mr Devlin Hainsworth, Managing Director of Guinness Nigeria highlighted the impressive performance of the company during its financial year ended June 30, 2009. He said the company’s turnover rose from N69.2 billion in 2008 to N89.2 billion, representing a growth of 29 percent while profit after tax increased from N11.9 billion representing a growth of 13.5 percent.
Hainsworth said the board of the company has dividend of N7.50 per share based on issue share capital of 1.5 billion shares. He attributed the company’s good performance in 2009. to the management strategy.
The former CIS president explained that only Guinness investors with 50,000 and below are the investors who are selling their shares, adding that unless there is enough shares to sell, there will be nothing to stimulate the price.
He also advised the company to join its public and rights in order to increase its share capital from 1.5 billion to 2 billion shares.
The company was recently given social enterprise report award (SERA) for being the best company bioenvironmental sustainability.

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Kenyan Runners Dominate Berlin Marathons

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3 days ago

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September 22, 2025

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Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.

Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.

The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.

Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.

“I did my best and I am happy for this performance,” said Sawe.

“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”

Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.

In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.

Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.

Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.

 

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NIS Ends Decentralised Passport Production After 62 Years

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3 days ago

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September 22, 2025

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The Nigeria Immigration Service (NIS) has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, made the disclosure during an inspection of the Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja, last Thursday.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
According to him, the centralised production system aligns with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for improved service delivery.
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FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year 

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3 days ago

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September 22, 2025

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The National Information Technology Development Agency (NITDA) has announced plans to roll out Digital Public Infrastructure (DPI) and the Nigerian Data Exchange (NGDX) platforms across key sectors of the economy, starting in early 2026.
Director of E-Government and Digital Economy at NITDA, Dr. Salisu Kaka, made the disclosure in Abuja during a stakeholder review session of the DPI and NGDX drafts at the Digital Public Infrastructure Live Event.
The forum, themed “Advancing Nigeria’s Digital Public Infrastructure through Standards, Data Exchange and e-Government Transformation,” brought together regulators, state governments, and private sector stakeholders to harmonise inputs for building inclusive, secure, and interoperable systems for governance and service delivery.
According to Kaka, Nigeria already has several foundational elements in place, including national identity systems and digital payment platforms.
What remains is the establishment of the data exchange framework, which he said would be finalised by the end of 2025.
“Before the end of this year and by next year we will be fully ready with the foundational element, and we start dropping the use cases across sectors,” Kaka explained.
He stressed that the federal government recognises the autonomy of states urging them to align with national standards.
“If the states can model and reflect what happens at the national level, then we can have a 360-degree view of the whole data exchange across the country and drive all-of-government processes,” he added.
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