Connect with us

News

Nigerian Breweries Hits 29.7% In Revenue Growth

Published

on

Nigerian Breweries Plc has said its revenue for the 2021 financial year rose by 29.7 per cent to N437.19bn from N337.01bn in 2020.
A statement by the Company’s Secretary/Legal Director, UaboiAgbebaku, said the breakdown of the 2021 audited results showed that the company’s profit grew by 71.8 per cent from N7.53bn in 2020 to N12.93bn in 2021.
According to Agbebaku, the Board of Directors commended the management for placing the company on the path to recovery from the debilitating impact of the COVID-19 pandemic and other challenges faced during the year.
“The board would be recommending to shareholders at the forthcoming annual general meeting the declaration of a total dividend of N12.92bn at 50 kobo per share representing a 100 per cent dividend payout ratio,” he said.
He also noted that the company had earlier in October 2021 paid an interim dividend of N3.23bn, which translated to 40 kobo per share.
The statement said further that the final proposed dividend of N9.69bn at N1.20 per share would be payable to shareholders upon approval on April 25, 2022.
It continued that only qualifying shareholders whose names appear on the company’s register of members at the close of business on March 9, 2022 would be paid the final dividend.
Agbebaku said the company remained committed to delivering improved performance in the years ahead.
He said it would also continue to deploy cost-efficient measures to keep its balance sheet strong and healthy while ensuring that the safety and welfare of its employees, customers, and partners remain well protected.

Continue Reading

News

Fubara, Wife Hail Tinubu’s Renewed Hope Initiative  …As Over 6,800 Families Benefit From Largesse In Rivers

Published

on

Rivers State Governor, Sir Siminalayi Fubara, and his wife, Lady Valerie, have commended Nigeria’s First Lady, Senator Oluremi Tinubu, for the impactful implementation of the Renewed Hope Initiative Social Investment Programme across the country.

This is as Lady Fubara disclosed that about 6,800 families have so far benefitted from the Renewed Hope Initiative (RHI) programme in Rivers State.

Fubara gave the commendation during a courtesy visit by the Nigeria’s First Lady and wife of the President, Senator Oluremi Tinubu at the Government House, Port Harcourt, last Thursday.

The visit was made ahead of the Renewed Hope Initiative(RHI) Social Investment Programme event in the State.

Represented by his deputy, Prof. Ngozi Odu, the governor said the First Lady’s intervention programmes have continued to directly touch the lives of Nigerians, especially women and vulnerable groups, without unnecessary bottlenecks.

Welcoming the delegation to the State, Fubara described Rivers State as a hospitable State and expressed delight over the visit, noting that the wife of the President has distinguished herself as a compassionate mother whose initiatives are making visible impacts nationwide.

“We cannot overemphasize the impact that our First Lady of the Federal Republic of Nigeria, our mother, Senator Oluremi Tinubu, is making across the country,” the governor stressed.

Fubara further thanked the First Lady for ensuring that support gets directly to beneficiaries, eliminating intermediaries that often reduce the value of such interventions.

According to him, the people of Rivers State were excited and eager to receive the delegation and participate in the Renewed Hope Initiative programme.

“We thank you for standing by Rivers State and for giving us all the desired and deserved support. Like Oliver Twist, we will ask for more,” he added.

Earlier, Sen. Oluremi Tinubu, who was represented by the former Minister of Humanitarian Affairs, Betta Edu, said the visit to the State was borne out of her love and compassion for humanity, the vulnerable, women, and Nigerians in general.

While reassuring the State of her love and support, the First Lady emphasized that President Bola Tinubu remains committed to engendering the growth and development of the State.

She also commended the giant strides of the Siminalayi Fubara-led administration, especially at the grassroots, noting that with the introduction of the Renewed Hope Initiative, things would turn around for the better.

Meanwhile, the wife of the Rivers State Governor, Lady Valerie Siminalayi Fubara, has disclosed that about 6,800 families have  so far benefitted from the Renewed Hope Initiative (RHI) programme in Rivers State.

She made the disclosure last Thursday  during the distribution of food items to vulnerable groups at Government House, Port Harcourt.

The gesture was part of  the Social Investments Programme of the Renewed Hope Initiative, the pet project of Nigeria’s First Lady, Senator Oluremi Tinubu.

Lady Fubara said that beyond the distribution of food items, the programme has supported the people of the State through the  provision of local and foreign scholarships as well as  funding for  agriculture and social investments.

She said the Renewed Hope Initiative has stood with the people of Rivers State via women empowerment programmes, assistance to petty traders , support for persons living with disabilities, elderly care initiatives and other interventions.

According to her, these interventions have positively touched thousands of lives across communities in Rivers State, as over 1,800 families  benefitted directly from Thursday’s food distribution scheme.

“Today’s outreach  programme is another practical demonstration of compassionate leadership and people- centred governance. At a time when many families are facing economic challenges, initiatives such as this remind our people  that they are not forgotten. Beyond the distribution of food items, this programme represents hope, care, dignity, and support for vulnerable households across Rivers State.

“As a government, we remain committed to initiatives  that directly improve the lives of our people, especially women, youths , the elderly, and vulnerable households. We believe that true development is not only measured by infrastructure, but also by the extent to which lives are positively impacted,” she said.

Lady Fubara expressed gratitude to Senator Oluremi Tinubu for conceiving the Renewed Hope Initiative and rendering assistance to the needy and vulnerable in the society.

She also extended her appreciation to the Renewed Hope Initiative Office in Rivers State as well as the wives of governors from about 20 States who graced the occasion.

Meanwhile, Senator Tinubu has commended Lady Fubara for her commitment to the success of all the Renewed Hope Initiative programmes in Rivers State.

Tinubu, who was represented at the occasion by a former Minister of Humanitarian Affairs, Dr Betta Edu, stated that the  Food Outreach Scheme  under the Renewed Hope Initiative Social Investments Programme was launched in March 2024 to provide food items to persons with disability and other vulnerable groups in order to support them and  their families.

According to Tinubu, the act of kindness has been made possible through the generous support of two donors who have committed to supplying two truckloads of food items to the Renewed Hope Initiative every month.

“Our goal at the RHI is to complement the Renewed Hope Agenda of the administration of His Excellency, President Bola Ahmed Tinubu GCFR which aims to support all Nigerians to thrive and fulfil their goals irrespective of their condition or status,” she said.

Tinubu said that the scheme  has successfully distributed food items to 25 states including the Federal Capital Territory, making Rivers State, the 26th beneficiary.

Continue Reading

News

RSG Reaffirms Commitment To Quality Education 

Published

on

?The Rivers State Government has reaffirmed its commitment to quality education and human capital development.
Rivers State Governor, Sir Siminalayi Fubara, reaffirmed this at the 44th Convocation Ceremony of Ignatius Ajuru University of Education, Rumuolumeni, in Port Harcourt, last Saturday.
Represented by his deputy, Prof. Ngozi Nma Odu, the governor described the convocation as a significant milestone in the life of the institution, noting that such ceremonies go beyond the conferment of degrees and awards.
?According to him, convocation ceremonies provide opportunities for reflection, celebration, and renewed commitment to the ideals of learning, leadership, service, and national development.
?Fubara congratulated the Governing Council, management, staff, graduating students, and supporters of the university for the successful hosting of the event.
He particularly commended the Acting Vice Chancellor, Prof Okechuku Onuchuku and management for sustaining academic excellence, discipline, and human capital development over the years.
He noted that the university has continued to distinguish itself as one of Nigeria’s leading institutions of higher learning, especially in teacher education, while also praising the visible transformation and improved image of the institution.
?Restating the importance of education to societal growth, Fubara insisted that education remains the bedrock of sustainable development and societal transformation.
?He stressed that his administration remains committed to policies and programmes that promote access to quality education, infrastructure development, research, innovation, and the welfare of staff and students across educational institutions in the State.
?The governor further urged universities to produce not only graduates but also innovators, responsible citizens, and future leaders capable of competing globally.
Addressing the graduating students, Fubara described their graduation as the completion of one phase of life and the beginning of another filled with opportunities and responsibilities, reminding them that their certificates symbolize hard work, sacrifice, and determination toward a brighter future.
?In his address, the Pro-Chancellor and Chairman of Governing Council of the university, Dr. Chinyere Igwe, called for increased support for the institution, citing challenges such as inadequate funding, aging infrastructure, limited laboratory and ICT facilities, and staff shortages.
According to him, management is working to protect the institution’s academic standards and improve its public image through transparency, excellence, and international collaborations.
?
?He disclosed that the university has introduced reforms including infrastructure rehabilitation, curriculum modernization, and expanded online learning, but stressed that more support is needed from the government, corporate organisations, alumni, and development partners to sustain growth and improve educational quality.
?
?Also speaking, the Acting Vice Chancellor of the institution, Prof Okechuku Onuchuku,
commended the Rivers State Government for its continued support to the institution, particularly in staff recruitment, infrastructure development, and accreditation exercises.
?He thanked former Governor Nyesom Wike and Governor Siminalayi Fubara for their contributions to the growth of the university.
?
?He disclosed that 53 of the institution’s 79 undergraduate programmes are fully accredited by the National Universities Commission, while other programmes have received necessary approvals and verification.
?
? The Vice Chancellor also highlighted ongoing infrastructure projects and urged graduating students to uphold the values and standards of the institution.
Statistical breakdown of the graduands indicates that a total of 3,510 had First Degree while 1,815 had Postgraduate Degree.
The theme for the 44th Convocation is “The Story of Academic and Administrative Progress: The Case of IAUE”.
Continue Reading

News

RSUBE Holds Training For 1,000 New Teachers

Published

on

The Rivers State Universal Basic Education Board (RSUBE) has trained 1,000 newly recruited teachers with a view to raising standards in public primary and junior secondary schools in the state.

The two-day orientation and capacity building programme held in Port Harcourt introduced the teachers to civil service rules, classroom management practices, and professional conduct expected of educators in the state.

The State Commissioner for Education, Dr. Peters Nwagor, told the newly recruited teachers that teaching demands more than academic qualifications, and called for discipline, diligence, and a strong commitment to service.

He described teaching as a noble profession that is central to the development of the state.

The recruitment, he said, reflects the government’s investment in children and long-term development.

“Education is the foundation of societal progress, and basic education is where that foundation is laid,” Nwagor stated.

He urged the teachers to shape the values and character of pupils during their most formative years.

He pledged continued support from the Ministry of Education through training, resources, and an environment that allows teachers to perform effectively.

Nwagor directed RSUBEB to reject transfer requests from rural to urban schools, saying the newly employed teachers have an obligation to serve where they are posted and help strengthen education in those communities.

In his opening remarks, the RSUBEB Chairman, Hon. Sam Oge, explained that the recruitment process began in 2023 under the previous board, adding that after assuming office, he consulted widely and secured Governor Siminalayi Fubara’s approval to complete the exercise.

Oge said the selection was competitive, with 1,000 candidates chosen from more than 5,000 applicants, and urged the teachers to treat the opportunity seriously and avoid lobbying for reposting.

He directed the teachers to resume at their assigned schools immediately, saying request for reposting will not be entertained.

The former RSUBEB Chairman, Ven. Dr. Fyneface Akah, who delivered the keynote address, described the orientation as the teachers’ formal entry into the civil service.

He urged them to be creative, purposeful, and open to learning on the job.

Akah stressed that teachers have a role in restoring values lost to moral decline, and urged them to model national values and see their work as a calling with lasting impact on the society.

He thanked the State Government for approving the recruitment, noting that the exercise will improve access to quality basic education across the State.

Akujobi Amadi

Continue Reading

Trending