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Car Talk / Re: 5 Things You Didn’t Know About Your Tires by froz(m): 6:44am On Aug 09, 2017
good one.. u can never know it all
Business / Re: Petroleum Statistics: Nigeria Produced 656.8m Barrels Of Crude Oil In 2016 by froz(m): 6:43am On Aug 09, 2017
Space booked.
Crime / Re: Nigerian Banks Record Decline In Fraud, Forgeries by froz(m): 6:42am On Aug 09, 2017
Encouraging outcome.
Business / Peak: Dictating The Pace As A Market Leader In The Milk Category by froz(m): 6:55pm On Aug 08, 2017
The market leader is the custodian of the industry. Sometimes, it is the iconic symbol or generic name for the category. It behoves on it to make investments in continuous knowledge and market development initiatives for the benefits of the entire product category and industry at large.


For organisations and brands in this position of leadership either as the first to the market or as an innovator who eked out a non-existent category for the purpose of entrenching itself, the onus for the success of the category rests on its shoulders. This infers that the market leader should to a reasonable extent be a selfless and futuristic, proactive entity whose actions consciously or otherwise call the shots and dictate the pace in its spheres of influence.

A brand that has stood in fulfilling the roles of market leader in the dairy segment of the market is Nigeria Peak Milk, a world-class iconoclast brand on the FrieslandCampina WAMCO stable, has been in the Nigerian market for over 65 years and remains the brand to beat.

The feat is not a happenstance, but rather deliberate strategic efforts have been kept at nurturing and maintaining its market leadership status, building on its competitive advantage and guiding the flanks to protect its market share. Speaking on the strategy of Peak market leadership, Tarang Gupta, Marketing Director, FrieslandCampina WAMCO says the most important learning he had picked up during this period “is the balancing act of short and long term plans” especially in the face of “shrinking economy, diminishing consumer spending, operational challenges (due to forex crisis), rising inflation, high input cost of doing business”.

For the chief custodian of the Peak brand, staying true and honest to the consumer has been one of the Peak’s strategies. “Never think that a consumer does not know what you are doing. In WAMCO, we always ensure we sustain our product quality to guarantee our consumers get the impeccable quality they deserve”. Likewise, as the most important asset for any business, the people provide a level of competitive advantage for the organisation, especially during a crisis – where the team can either drown by the gloom or find opportunities among issues. “The WAMCO marketing team in last 2 years has followed the latter because we all believe in ‘Power of Positive Thinking’”, Tarang disclosed. It is also important to keep the eyes on the ball by “staying true to brand’s vision and purpose and keep that as priority, while managing short term obstacles”.

While the above may mostly be at a strategic level, a recent campaign activation brought out the leader in the Peak Milk brand while reinforcing its enviable pedigree among the consumer and competition.

PECADOMO an acronym for ‘Peak Can Do More”, according to the marketing Director, “is not just a campaign, but an initiative to expand the usage occasions for milk in Nigeria”, across all social economic strata of the population and markets.

The reason behind this objective the company emphasises is that Nigeria, not being a dairy producing country, the usage of milk is not as diverse and entrenched as compared to some of the other countries like India, Holland etc. This fact is also not helped by the current almost protracted economic slowdown, the consumption and usage occasions of milk was reducing.

Hence, in order to save the industry, save its market and ultimately its business, PECADOMO was introduced (by the industry leader, Peak Milk) to help show consumers that milk can be much more versatile than just being used in tea or cereal. It emphasises that milk does not just add to taste but also significantly improves the nutritious value of the dish and thus having double advantage.

While the innovative PECADOMO activation is changing the message over time to bring more and more users to the brand, the marketing is also being expanded to gain more market share. At the more strategic level, the concept aims at growing industry’s total market size and defend market share.

Attesting to the efficacy of the unique innovation, the CMO confirmed, “this campaign has been extremely positive both from the consumers and the industry”.

Since this is about creating new habits and deepening the industry, he added, “we will continue to educate Nigerian consumers on usage of milk and expand the category’s sphere of relevance, because with Peak ‘You Can Do More’”.

As a leader beats paths in uncharted terrain, direct and indirect competitors have embraced the concept as it brings out creativity among the Nigerian consumers. According to the CMO, FrieslandCampina WAMCO has received some very innovative ideas on how consumers have found different ways to use Peak milk in their dishes and he stated “I was impressed with the exciting variations done by the school kids” during the 2017 World Milk Day celebration on June 1. Some of these recipes have been uploaded on the website so others can also have fun trying them out .

SOURCE: https://brandspurng.com/peak-dictating-the-pace-as-a-market-leader-in-the-milk-category/

Investment / How Unilever’s Proposed N58b Rights Issue Will Boost Capital Market by froz(m): 6:34pm On Aug 08, 2017
THE proposed N58billion rights issue by Unilever Nigeria Plc has generated a lot of excitement amongst market watchers, who have expressed optimism that the offering has the potential to further deepen the nation’s capital market.


The company had on Thursday presented facts behind its plans to raise N58, 851,275,010.00 on the floor of the Nigerian Stock Exchange in Lagos.

A total of 1,961,709,167 ordinary shares of 50 kobo each will be offered to existing shareholders on the basis of 14 new ordinary shares for every 27 ordinary shares held by shareholders whose names appeared on the Register of Members and transfer books of Unilever Nigeria Plc as at the close of business on Wednesday, June 28, 2017. The issue price is N30 per share.

“Through this rights issue, we will be able to reinforce our financial flexibility to support our growth initiative, while giving shareholders an opportunity to consolidate their shareholding position. The rights issue is part of Unilever Nigeria’s long term strategic intent to strengthen the company’s capital base by deleveraging its balance sheet, support its working capital needs and position the company to exploit value creation opportunities,” said Yaw Nsarkoh Managing Director, Unilever Nigeria Plc.

Echoing similar sentiments, the Chairman, Unilever Nigeria Plc, His Royal Majesty Nnaemeka Achebe, stated that the rights issue represents a milestone event in Unilever Nigeria’s history as it marks the company’s first follow-on equity offering since its listing in 1973.

According to Achebe, “the rights issue reiterates our confidence in Unilever Nigeria’s robust future and commitment to building a more enduring business in Nigeria. We acknowledge with deep appreciation the unwavering support we have received from our stakeholders and shareholders even in trying times which has enabled us deliver positive results. We urge all shareholders to support the company’s objective by participating in the rights issue to ensure the company obtains the flexibility to attain its growth objectives.”

Speaking at the event, the CEO, Nigerian Stock Exchange (NSE), Oscar Onyema said: “We are particularly pleased that Unilever Nigeria Plc., has chosen to use this platform to further inform the market of this ongoing transaction and other strategic and operational involvement in the company. As the market is driven by timely, relevant and accurate information, your interaction with the market through this forum is very welcome and we encourage you to continue with this trend.”
The offer which opened on Monday July 31, 2017 will close on Friday September 08, 2017 while Stanbic IBTC Capital Limited serves as the issuing house.

On reasons for the rights issue, Unilever explained that the net proceeds will help the company repay outstanding foreign currency denominated liabilities, purchase additional raw materials required for Unilever’s products and to meet other working capital requirements in order to build long term value for all stakeholders.

It would be recalled that the shareholders of the company approved the rights issue at the 92nd Annual General Meeting held in May, 2017.

SOURCE : https://brandspurng.com/how-unilevers-proposed-n58b-rights-issue-will-boost-capital-market/

Computers / Google Fires Author Of Divisive Memo On Gender Differences by froz(m): 11:51am On Aug 08, 2017
Alphabet Inc.’s Google has fired an employee who wrote an internal memo blasting the web company’s diversity policies, creating a firestorm across Silicon Valley.

James Damore, the Google engineer who wrote the note, confirmed his dismissal in an email, saying that he had been fired for “perpetuating gender stereotypes.” A Google representative didn’t immediately return a request for comment.

The imbroglio at Google is the latest in a long string of incidents concerning gender bias and diversity in the tech enclave. Uber Technologies Inc. Chief Executive Officer Travis Kalanick lost his job in June amid scandals over sexual harassment, discrimination and an aggressive culture. Ellen Pao’s gender-discrimination lawsuit against Kleiner Perkins Caufield & Byers in 2015 also brought the issue to light, and more women are speaking up to say they’ve been sidelined in the male-dominated industry, especially in engineering roles.

Earlier on Monday, Google CEO Sundar Pichai sent a note to employees that said portions of the memo “violate our Code of Conduct and cross the line by advancing harmful gender stereotypes in our workplace.” But he didn’t say if the company was taking action against the employee.

Damore’s 10-page memorandum accused Google of silencing conservative political opinions and argued that biological differences play a role in the shortage of women in tech and leadership positions. It circulated widely inside the company and became public over the weekend, causing a furor that amplified the pressure on Google executives to take a more definitive stand.

After the controversy swelled, Danielle Brown, Google’s new vice president for diversity, integrity and governance, sent a statement to staff condemning Damore’s views and reaffirmed the company’s stance on diversity. In internal discussion boards, multiple employees said they supported firing the author, and some said they would not choose to work with him, according to postings viewed by Bloomberg News.

“We are unequivocal in our belief that diversity and inclusion are critical to our success as a company,” Brown said in the statement. “We’ll continue to stand for that and be committed to it for the long haul.”

The memo and surrounding debate comes as Google fends off a lawsuit from the U.S. Department of Labor alleging the company systemically discriminates against women. Google has denied the charges, arguing that it doesn’t have a gender gap in pay, but has declined to share full salary information with the government. According to the company’s most recent demographic report, 69 percent of its workforce and 80 percent of its technical staff are male.

Following the memo’s publication, multiple executives shared an article from a senior engineer who recently left the company, Yonatan Zunger. In the blog post, Zunger said that based on the context of the memo, he determined that he would “not in good conscience” assign any employees to work with its author. “You have just created a textbook hostile workplace environment,” he wrote. He also said in a email, “Could you imagine having to work with someone who had just publicly questioned your basic competency to do your job?”

Still, some right-wing websites had already lionized the memo’s author, and firing him could be seen as confirming some of the claims in the memo itself – that the company’s culture makes no room for dissenting political opinions. That outcome could galvanize any backlash against Alphabet’s efforts to make its workforce more diverse.

In her initial response to the memo, Brown, who joined from Intel Corp. in June, suggested that Google was open to all hosting “difficult political views,” including those in the memo. However, she left open the possibility that Google could penalize the engineer for violating company policies. “But that discourse needs to work alongside the principles of equal employment found in our Code of Conduct, policies, and anti-discrimination laws,” she wrote.

The subject of Google’s ideological bent came up at the most recent shareholder meeting, in June. A shareholder asked executives whether conservatives would feel welcome at the company. Executives disagreed with the idea that anyone wouldn’t.

“The company was founded under the principles of freedom of expression, diversity, inclusiveness and science-based thinking,” Alphabet Chairman Eric Schmidt said at the time. “You’ll also find that all of the other companies in our industry agree with us.”

SOURCE: https://brandspurng.com/google-fires-author-of-divisive-memo-on-gender-differences/

Computers / Re: Cybersecurity Challenge: ESET Partners NITDA To Secure Nigeria’s Cyberspace by froz(m): 7:20am On Aug 08, 2017
Cyberdyne tinz
Phones / Re: 6.5m Nigerians Activate DND Code To Stop Unsolicited SMS by froz(m): 7:19am On Aug 08, 2017
Those msgs can be annoying.

1 Like

Business / Re: What You Should Demand Of Your Logistics Provider In Nigeria by froz(m): 7:18am On Aug 08, 2017
Educative. Thanks OP.
Nairaland / General / Re: Saudi Engineer Invents Air-conditioned Umbrella For Hajj Pilgrims by froz(m): 7:17am On Aug 08, 2017
wonder why it has yet to hit FP.
Business / Re: Forte Looks To Diversify Into Oil Refining by froz(m): 7:16am On Aug 08, 2017
oya na
Investment / Re: Nigeria’s Domestic Debt: A Ticking Time Bomb – LBS Executive Session by froz(m): 7:16am On Aug 08, 2017
ok
Education / Re: Nigeria Varsities To Get Free Wi-fi Facility by froz(m): 7:15am On Aug 08, 2017
Good move..
Data cost ooo, especially for students.
Business / Re: The Review Of Forex, Money, Stock And Commodities Markets by froz(m): 7:14am On Aug 08, 2017
booked
Investment / Why You Have Not Secured Investors by froz(m): 6:53pm On Aug 07, 2017
Introduction
Every investor wants to bet on a winning horse. I mean what’s the point in losing money on purpose? But that’s the risk taken on a gamble. And the same can be said about investing in startups and growth businesses.


No matter what stage your project is in, you’re probably going to need some investment in expansion. A number of these issues are around the pitch and business plan been developed. Review and address these business plan issues for smoother sailing when trying to secure funding from an investor like me and others.

The benefits of a well-prepared business plan
A business plan will provide you with a clear strategy and objectives. A good business plan will give you direction and keep you and your staff focused. In writing your business plans you may make mistakes which can be corrected on paper prior to implementing your plans, which can save you money.

The business plan demonstrates the seriousness of your intentions to banks, investors, colleagues and employees. It can be used as a measure for you to foresee/anticipate problems and take appropriate action timeously. All your ideas can be incorporated into the business plan to become a reality. The planning process affords you the opportunity of adopting a step-by-step approach in preparing for the future achievement and risks of your business venture. At the end of the process, you should be confident that the plan will work.

The good business plan involves research on the external and internal business environment like competitors, suppliers, consumers, etc., which can be translated into a detailed action plan showing the areas of competitive advantage and how you will combat problems. You can use the business plan to identify opportunities, analyse the life cycle of the business and each activity in the business and plan for capital requirements.

Milestones with timeframes can assist the business in achieving its objectives within the stipulated schedules.

Reasons for NOT been able to secure investors.

The reasons mentioned below are just a few and are not limited to these only

1. Management Reasons:

A poor management team with insufficient experience and/or the wrong skills mix for the needs of the business.
A narrow customer base and inadequate marketing skills.
Owner/managers who are autocratic, inflexible and make strategic decisions based on emotion.
A weak business concept, in that the product/market mix is not clearly defined and developed.
A failure to identify and manage risks
Financial factors
Businesses without proper record/account of the financial transaction of the business.
Insufficient information on financial performance required for basic decision making.
Financial information based on incomplete or inferior technologies.
Insufficient supporting evidence on financial track record to obtain additional funds/loans.
Poor management of accounts payable and receivable.
Poor forecasting and management of sales and cash flow.
Insufficient working capital to fund its operations.
The business has borrowed too much money in relation to the owner’s investment in the business (high debt/equity ratio).
Cash flow Projections
Most prospective entrepreneurs focus mainly on the infrastructure that is required and ignore the cash flow which is critical to the daily operations of the business. Cash flow assists in managing your financial resources, i.e. debtors and creditors control.
4. A vague business plan
Prospective entrepreneurs or writers of business plans make an assumption that the reader/funding institution/investor knows what the business venture is all about. Therefore, it is important to provide as much detail as possible and elaborate wherever necessary to clarify the needs of the business.

5. Unrealistic assumptions
Almost all writers of business plans assume that the business will succeed, hence they make unrealistic assumptions. It is advisable to benchmark against existing or similar businesses in the industry for acceptable standards. The goals of the business must be realistic and achievable. Rather start small and then expand.

6. Risks
Many business plans ignore the risks or do not make provision for the risks. It is critical that the business plan should include all risks and provide information on how some of those risks can be mitigated.

7. Competition
Many prospective entrepreneurs ignore incorporating information on competitors, either through their lack of knowledge of them or they are not aware of the significance of competitors to their business. It is, therefore, imperative, as a new or existing business, that you are aware of the competition and that you accentuate your competitive advantages in your business plan.

8. Suppliers
Suppliers’ play a critical role in your business. It is important to know who and where your suppliers are as they contribute to the effective and efficient running of your business. Inconsistent and lack of the necessary inputs from suppliers will impact negatively on production and could result in non-delivery of products to the market. Hence building and strengthening

Learn how to package your project for investors. Download the Guide HERE

https://brandspurng.com/why-you-have-not-secured-investors/

Properties / Natanelflorens Plans 250,000-unit Rent-to-own Houses by froz(m): 11:40am On Aug 07, 2017
In a bid to reduce existing housing gap for low and middle class segments of the market, an asset investment company, NatanelFlorens Limited plans to boost yearly housing stocks with 250,000 units under a rent-to-own home initiative.


NatanelFlorens, which has been operating in the market for over two years, said the initiative offers an opportunity for subscribers to own home via rental payment, leading to full house revert to the tenant after expiration of leasehold tenure on the property.

The scheme caters for business owners, professionals, non-professionals, association based 
and non-association based 
 who must have evidence of rental payment for at least three years – five years as well as show evidence of rent that is not less than 50 per cent of the rental on offer.

Similarly, subscribers must show evidence of payment of association dues for the corresponding years, evidence of payment professional dues a plus evidence of tax payment (subject to waiver) and evidence of constant income for the last five years.

Other attractions to the scheme include; it saves subscribers between 47 per cent to 79 per cent in cash savings when compared with all other home ownership options, offers lowest monthly repayment option and in fact does not change your existing rent payment pattern and cost.

It also offers the lowest entry fees, as what is paid at entry fee is the same as what is paid as agency fee with any other options, which is zero percent interest.

The Executive Director, Funds and Investment, NatanelFlorens, Mr. Oguche Agudah, said in Lagos that the initiative was a free advisory campaign to aid investment and investors in the entire value chain of the property market.

“The way to restructure and tackle the housing challenges is to design a housing scheme that will allow all classes of Nigerians to own houses. We are trying to re-shape the housing system for efficiency such that people can pay house rent and after sometimes own the house. Once a participant pays the first house rent, the person will have access to the house, while the completion of the payment is made within the specified period of years”.

Speaking on how the company hopes to achieve its 250,000 yearly housing target, he said the firm would partner with developers that could deliver a minimum of 500 and maximum of 1,000 homes yearly.

For the Executive Director, Business Services, Mr. Yinka Daramola, the firm would engage international and local investment banks to be able to raise about N4 trillion required to meet the 250,000 units target yearly, stimulate the market and recreate it for efficiency, reduce building collapse through standardized building, create jobs and boost tax for the government.

“We are partnering with investors from Turkey and South Africa in meeting the target.

SOURCE: https://brandspurng.com/natanelflorens-plans-250000-unit-rent-to-own-houses/

Technology Market / NCC Gives Details Of Participation At Itu Telecom World 2017 by froz(m): 8:26pm On Aug 05, 2017
The Nigerian Communications Commission (NCC), the country’s telecom regulator has given schedules of its participation in this year’s International Telecommunication Union (ITU) Telecom World, which will be held in Busan, South Korea from September 25 – 28, 2017.


According to a statement signed by the Director of Public Affairs, Mr. Tony Ojobo, Nigeria’s robust telecommunications regulatory environment, guarantee of Returns On Investment (ROI) and investors renewed confidence in the fast growing sector will form part of the country’s narrative at the annual event.

The Commission said the schedules fall into its agenda to expand the telecom industry, which has witnessed a multiplier effect on social and economic development, since 2001 when Digital Mobile Licences (DML), were issued by the Nigerian Communications Commission.

Parts of the statement read: “Telecommunications services are now available to everyone unlike the pre-GSM era when only 500,000 lines were available to a population of nearly 90 million from an investment profile of about $50m. Teledensity was about 0.01 percent. Internet connectivity was a nightmare. But the story has since changed.

“There are over 150million active subscribers now. Internet connections are over 90million, teledensity is well over 100 percent. There is over $80b invested in the sector so far with over 70per cent of it as Foreign Direct Investment (FDI).

The investors have never known a better yesterday.

“So, as Nigeria’s delegation berths in Busan, South Korea, the narrative will be endearing as the country beckons on more investors especially in broadband Internet.

“Existing and potential investors will want to hear the cherry news of a robust regulatory agency, the NCC, which has carried out its regulatory functions in line with global best practices, stakeholders’ engagement, among others.”

The Commission also disclosed that the Honourable Minister of Communications, Barrister Abdulraheem Adebayo Shittu, will lead the country’s delegation which will include the Chairman of the Board of Commissioners of NCC, Senator Olabiyi Durojaiye; the Executive Vice Chairman (EVC) of NCC, Prof. Umar Garba Danbatta; key industry leaders and players among others.

The ITU Telecom World 2017 is a global platform for major industry players, Small and Medium Enterprises (SMEs), Countries and Organisations to network and share ideas about new developments and technologies that would lead to better connected societies.

It is an event for international visibility of innovative Information and Communications Technology (ICT), Products/Services and solutions from around the World.

In general terms, it involves high level debates on the core issues affecting ICT industry, sharing knowledge and working for sustainable development.

Although Nigeria has had a very robust telecommunications sector with active connected subscribers in the region of 150million and about 110percent teledensity, the NCC believes that more efforts should be deployed to deepen broadband penetration.

By the National Broadband Plan, NBP (2013 – 2018) the country is expected to attain 30% broadband penetration by 2018, which currently stands at 21%.

Nigeria will host an investment forum at ITU Telecom World 2017 and Broadband Nigeria will be at the focus of discussions.

SOURCE: https://brandspurng.com/ncc-gives-details-of-participation-at-itu-telecom-world-2017/

Agriculture / What You Need To Know About Risk Management In Fish Farming by froz(m): 2:45pm On Aug 04, 2017
Fish farming is a highly diversified enterprise due to the various species of fish that are available for cultivation. In Nigeria, fish farming is one of the fastest growing subsectors in agri-business, contributing significantly to the nation’s economy through job creation, poverty alleviation, food security, provision of raw materials for animal husbandry and income generation. In 2016 fiscal year, 370,000 metric tons of fish valued at over N175 billion was produced, contributing about 4.5 per cent to the Gross Domestic Product (GDP), with over two million jobs cutting across the various sectors of the economy created.


Just like any economic venture, fish farming is laden with various risks, and there is a need to properly handle these risks in order to avoid economic loss. As a matter of fact, managing risks is a vital part of the fish farming business, as it allows for informed decisions that affect the survival and success of your business. To effectively manage risks, you must be properly knowledgeable on the potential risks and how best to mitigate them.

In fish farming, possible risks encountered can be categorized into Pure risks and Business risks.

Pure risks are those that arise due to unexpected circumstances such as theft, outbreak of diseases, unexpected extreme climatic factors, malicious damage, legal actions against the farm etc. Examples of extreme climatic risks are flooding, drought and deposition of silt. Flooding, for instance, can result in physical destruction of ponds, loss of fish, and the introduction of pathogens or predators through floodwater. Deposit of silt causes turbidity, which harms aquatic life by degrading spawning beds and affecting gill function, as well as reducing light penetration and level of photosynthesis.



On the other hand, business risks are those directly affecting the fish production process, and the commercial business of fish farming. They include production risks such as faulty equipment, late delivery of feed, lack of technical information and expertise, unfavourable government policies, changes in operational costs, in addition to market related risks such as poor quality of fish, and consumer-related risks like change in the taste of consumers, competition from alternative commodities, and health factors.

Irrespective of the nature of the risks your farm is exposed to, each has the potential to impact negatively on your investment. Therefore, it is necessary to ensure standard farming practices that guarantee returns on investment by reducing the likelihood of negative impact on your fish farm.

Undertake regular inspection on fish farming facilities. It is possible for infrastructure to break down unexpectedly; so it is very important to inspect ponds regularly for damages to prevent the sudden collapse of ponds.
Monitor water coming into your ponds to make sure that the quality is healthy for the fish and can sustain aquatic life.
Equipment used within the farm to handle fish must be disinfected regularly to avoid transmission of disease-causing agents. Transfer of nets from pond to pond must be spaced out as much as possible.
Proper management techniques such as control of stock density and nutrition that minimizes the stress of fish and maintains healthy populations in the ponds should be employed.




When selecting a pond site, special consideration should be given to topography in order to minimize costly soil removal. The pond site should be located in a flat, well-vegetated drainage basin land, ideally above the flood plain to prevent flooding and washing away of the farm during heavy rains.
Careful monitoring and observation of fish behaviour for any irregularity (e.g. fish off feed, erratic swimming) will provide sufficient warning that a problem is looming.

Be sure to insure your fish farm. Knowing that fish farming is a highly profitable but risky business, the best you can do is to minimize the impact that risks have on the financial stability of your business.
Remember that fish farming is a business that involves risks that need to be managed. Whether you are new to fish farming or you are an experienced fish farmer, it is necessary to manage the risks involved in fish farming. An insurance policy protects your farm from the impact of loss that may be sustained in the event of unanticipated disasters. With an insurance policy, you can manage your fish farm without the fear of risks.



Leadway Assurance offers a fish farm insurance policy specially designed to take the worry out of the business of fish farming. The Leadway Fish Farm Insurance Policy insures your fishes against death and also insures the fish pond against any collapse due to fire outbreak, flood, windstorm, accidents, lightning and other factors.

In the event of the death of your fish stock or collapse of the fish pond, the Leadway Fish Farm Insurance Policy provides cover by paying the assessed value of the fish lost and the amount required to restore the fish pond back to its original state.

SOURCE: https://brandspurng.com/what-you-need-to-know-about-risk-management-in-fish-farming/

Business / Leadway Assurance Launches Mobile Office by froz(m): 1:04pm On Aug 04, 2017
Leadway Assurance plc on Wednesday launched its mobile office, a new marketing strategy to deepen insurance penetration in the country.
The mobile office, according to Mrs Adetola Adegbayi, the Executive Director of Leadway, would enable every household to access insurance at lesser cost.


Left to right from the picture below:

Head of Commercial, Leadway Assurance Co. Ltd, Mr. Gboyega Lesi; Divisional Director/Head Life Commercial, Leadway Assurance Co. Ltd, Mr. Adebayo Okuwobi; Executive Director, Leadway Assurance Co. Ltd, Mr. Tunde Hassan-Odukale; Executive Director, Leadway Assurance Co. Ltd, Ms. Adetola Adegbayi; Head of Business Development, Leadway Pensure PFA, Mr. Osaghae Osarhieme , during the official launch of the Leadway Assurance Mobile Office at Iponri in Lagos.

SOURCE: https://brandspurng.com/leadway-assurance-launches-mobile-office/

Car Talk / What To Do When You Have A Tyre Blowout by froz(m): 11:56am On Aug 04, 2017
The event of the unfortunate death of Nigeria’s Minister of State for Labour was due to an accident occasioned by a tyre blowout; the fact that in Nigeria nowadays we have many untrained drivers, it has become pertinent for us to write this.


There are 6 simple steps to take within a maximum of 2 minutes and you will be safe, these by the grace of God I have been familiar with for decades. They are as follow:

(1) DON’T PANIC in the event of a blowout, calm yourself down fast because your car will start misbehaving and you need to take charge.

(2) Hold FIRMLY to your steering wheel with both hand, NO VIGOROUS TURNING, as you concentrate on the road and your mirrors, in seconds study the movement pattern of the car. Your car will naturally swerve to the direction of the burst tyre.

1-2-min-300x300

(3) Gradually take off your foot from the accelerator, DON’T EVER ATTEMPT TO PRESS THE BRAKES, IF YOU DO, YOU HAVE A 95% CHANCE OF A SOMERSAULT. The car will decelerate gradually while you concentrate on the road to avoid collision with any other road user.

(4) Disengage the gears of the car by shifting to neutral (N) as you still maintain a firm grip on the steering wheel and put your eyes on the road.

5-1-min-300x300

(5) After a while depending on your initial speed, your car comes to a speed less than 60km/h when it is now safe to GRADUALLY apply the brakes and navigate to the sidewalk

(6) Ultimately, it is now safe to put the car to a complete stop and turn off the engine. You have just saved yourself and passengers from an untimely death.

6-min-300x300

NOTE:
Of course, everyone in the car will be in a panic mode BUT this is NOT THE TIME TO LISTEN TO THEM, it is TIME TO CONCENTRATE.


SOURCE: https://brandspurng.com/what-to-do-when-you-have-a-tyre-blowout/

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Travel / Re: BRT Operator Reduces Fares By 5% by froz(m): 7:00am On Aug 04, 2017
ok
Travel / Re: BRT Operator Reduces Fares By 5% by froz(m): 7:00am On Aug 04, 2017
mk good news just dey follow us...
Agriculture / Re: Turkey Production: Knowing The Fundamentals by froz(m): 6:59am On Aug 04, 2017
creepy looking but sweet to eat.
Business / Re: Nipost Adopts 3 Word Addresses by froz(m): 6:57am On Aug 04, 2017
o rili
Celebrities / Re: Wizkid, Davido, Arsenal, Dominate Search On Google Nigeria This Week by froz(m): 6:57am On Aug 04, 2017
allright
Computers / Re: Spectranet Sets To Enrich Customers Experience With New Pebble Mifi by froz(m): 6:56am On Aug 04, 2017
cool looking pebble.
Business / Re: Glass Half Full? The Revelation Review Of H1 2017 & Outlook For H2 -2017 by froz(m): 6:54am On Aug 04, 2017
booked
Investment / Re: Sharp Practices Threaten $68b Investments In Telecoms Sector by froz(m): 6:53am On Aug 04, 2017
hmmmm
Business / Re: Despite Recession, Cement Companies Report Over N570 Billion by froz(m): 6:52am On Aug 04, 2017
road construction?
Nairaland / General / Re: The Future Of Print Newspaper by froz(m): 6:51am On Aug 04, 2017
one of the earliest media in physical form
Investment / Re: States To Be Ranked On Attractiveness To Investors by froz(m): 6:50am On Aug 04, 2017
noted

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