Stories by Chinedu Eze
United Nigeria Airlines has closed the primary tranche of itsN100 billion industrial paper (CP) programme after elevating N22 billion.
The issuance was oversubscribed with demand exceeding the N20 billion goal, which displays sturdy investor confidence within the airline’s monetary efficiency, progress technique and credit score profile.
In recognition of the sturdy response, United Nigeria Airlines absorbed 10 per cent of the surplus subscription and returned the rest to subscribers whose purposes couldn’t be absolutely allotted.
Responding to the event, the Managing Director of UNA, Mazi Osita Okonkwo stated: “The level of demand we received is a clear endorsement of our business model, and financial performance as well as the confidence the market has in our growth plans. The proceeds will support fleet expansion and operations. We are grateful to the investors who participated and we look forward to more active engagement with investors as we continue with our CP and other capital market programmes.”
The issuance was structured in two collection, with tenors of 270 days and 364 days and the transaction was supported by investment-grade credit score scores from two companies; Agusto & Co. assigned scores of A3 for the quick time period and BBB- for the long run, with a secure outlook. DataPro assigned scores of A1 for the quick time period and BBB for the long run.
The Managing Director of Meristem Capital Limited, Rasaki Salawu, who confirmed the event stated: “We are proud to have served as Lead Issuing House for the registration of United Nigeria Airlines Limited’s N100 billion Commercial Paper Programme and the successful debut issuance of N20 billion under Series 1 and 2, which will support the company’s working capital needs.”
FAAN Boss, Director of Operations Honoured
The Federal Airports Authority of Nigeria (FAAN) celebrates two of its senior executives, the Managing Director/Chief Executive, Mrs. Olubunmi Kuku, and the Director of Airport Operations, Capt. Abdullahi Mahmood, following the conferment of on them.
They got skilled and conventional honours in recognition of their management, service and contributions to their respective fields.
Kuku was conferred with the distinguished Honorary Fellowship of the Chartered Institute of Bankers of Nigeria (CIBN) at its Fellowship Investiture Ceremony held in Lagos.
The Fellowship, the Institute’s highest membership distinction, recognises her distinctive profession achievements and contributions to banking, monetary providers and aviation. With intensive expertise spanning the Bank of Montreal, Ernst & Young, Bank PHB and the aviation sector, Mrs Kuku is now entitled to make use of the skilled designation FCIB.
Similarly, Mahmood has been honoured with the distinguished conventional title of Barden Gabas of Mubi Emirate, Adamawa State, underneath the authority of His Royal Highness, Dr. Abubakar Isa Ahmadu, the Emir of Mubi.
The title, traditionally related to bravery and valour, recognises Capt. Mahmood’s management and repair whereas entrusting him with higher accountability in the direction of selling peace, unity and improvement inside the Emirate.
Alieve Relieves Everyday Pain
In Nigeria, the day typically begins earlier than the solar is absolutely up. From the early morning rush to beat visitors to the race to fulfill deadlines, serve prospects, shut offers and hold companies working, Nigerians have mastered the artwork of pushing by. For many, one job will not be sufficient, and the pursuit of progress means juggling a number of tasks, facet hustles and revenue streams. The hustle not often stops, and neither do the calls for of on a regular basis life. Somewhere alongside the way in which, it turns into simple to overlook that the human physique has its limits.
That actuality is on the coronary heart of CHI Pharmaceuticals’ newest marketing campaign for Alieve, its ache reduction model, constructed round a easy however highly effective reality “Man No Be Machine.” The marketing campaign captures a well-known Nigerian expertise: individuals typically push themselves as if they’ll run endlessly, till headache, physique ache or fever reminds them that they’re human. When ache strikes, even the busiest particular person could need to decelerate. And when there’s nonetheless a lot to do, getting again to hurry turns into the precedence.
Powered by ibuprofen, Alieve is registered with the National Agency for Food and Drug Administration and Control (NAFDAC) and is obtainable in three formulations: 100 mg/5 mL oral suspension for kids, and 200 mg and 400 mg tablets for adults. With this vary, CHI Pharmaceuticals is increasing its healthcare portfolio with a model designed to deal with on a regular basis ache and fever, supported by a communication platform grounded within the realities of Nigerian shoppers.
Chief Marketing Officer at TGI Group, Probal Bhattacharya, stated, “We frequently push ourselves tirelessly every single day as though we are mechanical engines, but whenever pain strikes, we are quickly reminded that we are only human after all. While Alieve effectively steps in to soothe that physical discomfort, we truly recognize that ‘Man No Be Machine’. Alieve remains a caring companion, empowering hardworking individuals to overcome distressing ache and return to the hustle and their daily routines.”
The message behind “Man No Be Machine” will not be that Nigerians ought to cease striving or lose their drive. It is a reminder that ambition and onerous work don’t make anybody proof against ache. People could be resilient, decided and dedicated to their targets whereas nonetheless needing care when their our bodies demand consideration. With the launch of Alieve, CHI Pharmaceuticals brings a brand new voice to the on a regular basis ache reduction dialog, one which understands the relentless tempo of Nigerian life and the significance of getting again to what issues.
Alieve is a ache reduction model from CHI Pharmaceuticals, providing efficient reduction from ache and fever throughout its vary of 100mg syrup for kids, 200mg and 400mg tablets for adults. Powered by Ibuprofen, Alieve is designed to assist shoppers handle on a regular basis ache and get again to what issues, empowering them to Rise Above Pain.
