34 C002D5556 Sunday 15 April 2018 Equity Market DMO lists N100bn Sukuk as global issuance hits $98bn ...UK targets Sukuk market in 2019 Stories by TELIAT SULE The deepening of the nation’s capital market and promotion of financial inclusion got a boost last week Tuesday April 10 with the listing of N100 billion Ijarah Sukuk on the floor of the Nigerian Stock Exchange (NSE) and FMDQ by the Debt Management Office (DMO). The move is seen by analysts as a way to bring on board ethical investors without infringing on the Islamic law which frowns at interest payment. The N100 billion 7-year Federal Government Ijarah Sukuk has a rental rate of 16.47 percent. The proceeds will be used to further support the construction and rehabilitation of 25 roads in the six geopolitical zones in Nigeria. And according to the earlier press release by federal government ministries, each of the 6 geopolitical zones got N16.67 for road construction and rehabilitation. Five roads were selected in the north central region; 4 each in the north east and north west; 4 in the south east, 5 in the south-south and 3 in the south west. “The Sukuk will encourage financial inclusion by providing an avenue for non-interest investors to participate in the fixed income market. In addition, the Sukuk provides an opportunity to further develop the savings culture in Nigeria, particularly among individuals and other retail investors”, Patience Oniha, Director General, the Debt Management Office (DMO), said. “Today’s listing has strong implications for emerging and frontier markets which continually seek to unlock dormant pools of capital needed for economic growth and development, particularly as these economies have larger infrastructural deficits and Guinea Insurance posts 518 percent increase in PAT ... as FY17 total income hits N470m Guinea Insurance last week joined the list of companies that ended the 2017 financial year in profitability following 518.2 percent increase in profit after tax (PAT) which rose to N251.03 million as against N40.6 million made in same period in 2016. Gross premium was up 6.7 percent to N967.14 million in 2017 up from relatively stronger demographics in favour of Islamic Finance, than developed markets”, Oscar Onyema, CEO NSE said at the occasion. While the essence of the listing is to enhance liquidity and transparency, an analyst is of the opinion that liquidity objective may not be achieved now considering that interest rates have fallen. “The essence of the listing is to boost the liquidity of the instrument and enhance transparency. But we are of the opinion that investors will hold on to the Sukuk till maturity due to fall in interest rates”, Kayode Tinuoye, head research department at the United Capital, said. According to S & P Global Ratings, Sukuk issuance in 2017 rose by 45.3 percent to $97.9 billion up from $67.4 billion in 2016. The upsurge was driven by liquidity positions of the countries in the Gulf as production cut agreed by the Organisation of Petroleum Exporting Countries (OPEC) in coordination with Russia, ensured that the prices of crude oil at the international market sustain its upward trend. Forty-six percent of the Sukuk primary investors are from the Middle East, 18 percent from Europe, 10 percent from the United States, 25 percent from Asia while the balance are from other countries. “Jumbo local and foreign cur- N906.7 million made same period in 2016. Underwriting profit rose by 10.5 percent to N501.1 million from N453.4 million realised same period in 2016. Profit after tax for the period increased from N40.6 million in 2016 to N251.03 million in 2017, representing an increase of 518.2 percent. Other income for the period jumped by 10,518 percent to N220.22 million from N2.07 million in comparable period in 2016. That brought the total comprehensive income for the insurance firm to N471.3 million as against N42.7 million in 2016. So far, Continental Re-Insurance, AXA Mansard, NEM Insurance, Law Union and Rock Insurance and Regency Alliance Insurance are the only insurance companies that have declared their dividends for sharerency issuance by some GCC countries drove the Sukuk market higher in 2017. Of specific note, the $9 billion Sukuk issued by Saudi Arabia was the largest issued globally to date. The market also continued to attract some Islamic finance non-core countries, with Hong Kong tapping the market for the third time and the first issuance of a Sukuk in Nigeria. “We expect this trend to continue as Morocco and Tunisia plan to tap the market in 2018 and the U.K. announced its intention to go to the market again in 2019 upon the maturity of the Sukuk it issued in 2014”, S & P Global Ratings said through a report on the Sukuk Market Outlook for 2018. holders. For the financial year 2017, Continental Re declared 14 kobo dividend per share with April 16, 2018 as the closure date while payment will be made on April 26, 2018. AXA Mansard declared 6 kobo dividend per share whose register of members will close on April 24,2018 and the payment date is May 10, 2018. Similarly, Law Union & Rock will pay shareholders whose names All Share Index rises 0.21 percent as equities gain N31billion ... NAHCO declares N0.25 dividend per share The All Share Index (ASI) of the Nigerian Stock Exchange (NSE) rose by 0.21 percent week on week to close at 40,928.70 points, which translated to 87.56 points increase over 40,841.14 points on April 6,2018. Year to date, the ASI closed on last week Friday at 7.02 percent. In the same manner the market capitalisation of the listed equities added N30.8 billion to N14.753 trillion recorded on April 6 to close last Friday at N14.784 trillion, representing 0.21 percent week on week gain and 8.63 percent increase year to date. The sectoral indices that outperformed the ASI include the NSE Premium Index, the NSE Industrial Index and the NSE Pension Index. The NSE premium Index appreciated by 14.44 percent year to date as it closed last Friday at 2,934.48 points as against 2,564.13 points on the last trading day in December 2017. Furthermore, the NSE Industrial Index rose by 10.02 percent year to date to close last week at 2,173.54 points compared with 1,975.59 points on the last trading day in December 2017. In the same manner, the NSE Pension Index increased by 13.55 percent year to date to end last week at 1,566.74 points in contrast to 1,379.74 points on December 29,2017. Last week, the NSE announced it would migrate Access Bank, Lafarge, Seplat and United Bank for Africa (UBA) to the premium board effective April 16, 2018. “Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc have all passed the Corporate Governance Rating System (CGRS) and have market capitalisation of N347.12bn, N378.60bn, N391.37bn and N374.48bn respectively. They will join Dangote Cement Plc, FBN Holdings Plc, and Zenith International Bank Plc who were migrated to the Premium Board in 2015, bringing the total number of companies on the Board to seven”, NSE announced on its official website. appear on the register of members as at April 24, 2018 a total of 4 kobo dividend per share. Payment date is May 5, 2018. Regency Alliance Insurance has declared 3 kobo dividend per share which will be paid to shareholders whose names appear in the register of members as at the close of business on Friday 27, 2018. The payment date is May 25, 2018.
Sunday 15 April 2018 C002D5556 BDSUNDAY 35 BrandsOnSunday SPOTLIGHTING BRAND VALUE LG says right of consumer to healthy living not negotiable …Introduces more consumer-centric products DANIEL OBI The right of an individual to a more healthy living is not negotiable; as such brands should skew their production line towards promoting healthy products and environment for consumers, LG, global operator and technology innovator in consumer electronics, mobile communications and home appliances has said. The company said it is championing the cause of advocating for innovative solutions that are tailored towards modern lifestyle imbibed with healthy living. It is no longer news that LG has a track record of introducing products designed specifically to help consumers stay healthy. “With the demand of work, raising a family and other obstacles consumers are faced with on a daily basis, it is just too much of a burden for most people to count down on their calorie level, make healthy food choices and get to the gym a couple of times a week. The era we are in is the golden age of technology, where consumers can maintain healthy lifestyle without nursing any fear. Elec-tronics giant, LG Electronics has created devices and services to help simplify consumers’ everyday living, and that includes numerous technologies that can help achieve health living”. According to the company in a statement, LG’s lineup of products like the Puricare air purifiers and humidifiers are designed to provide user-centric solutions that improve consumer health and satisfaction. It said the puricare air purifier is certified by Asthma and Allergy Foundation of America (AAFA) and has the ability to remove 99.97% of airborne particles including those as small as 0.3 microns Managing Director, LG Electronics West Africa operations, Taeick Son said in the statement: “Staying healthy goes a long way to improve consumers’ productivity at work and at home which is very important to us as a company. For us the next step in the expansion of health benefits will be the addition of smart technology to everyday appliances, and LG is incredibly poised to succeed as the market evolves. When multiple products combine they form a safety net that protects users on multi-ple levels, compounding the individual benefits of each technology- making it easier for users to stay healthy”. However, the ranges of smart kitchen solutions from LG product lineups are ideal for all categories of chefs irrespective of level be it a professional or amateur to experiment with. The Lightwave Oven technology presents a lot more flexibility in terms of heating up foods in multiple ways to achieve much healthier cooking experience seamlessly. Not to talk of the LG advanced refrigerator designed specifically to minimize air loss and utilize adaptable compartments to prolong the lifespan of items stored inside. The refrigerator are designed to preserve food for a longer period of time and help the kitchen stay healthy and refreshed, it said. Taeick Son further said that LG has continued to maintain the lead in designing vacuum clean- ers with modern technology to perform cleaning exercise with little or no supervision which is quite re-markable. LG’s robotic-driven smart home philosophy is aimed at lowering the barrier of entry often associated with complex smart home ecosystem. “Remarkably, CLOiworks in conjunction with the company’s range of health-centric products simplifies housework processes. For instance, LG robotic vacuums Hom-Bot makes it extremely easy for users to clean their homes while away, making it possible for users to maintain a clean and healthy environment always. In particular, LG A9 is the most ergonomic cleaning solution you can find around. Interestingly, its advanced wireless vacuum feature glides smoothly across the floor to ensure that cleaning is done without any form of stress on the user. This obviously would contribute to cleaner and healthier habitation” The advancement in innovative healthy technology is promoting a hassle free world with innovators such as LG championing it with its ever innovative core technologies. The standardization and innovation of modern technology has made it possible for consumers to now see healthy living as not just systemic but as a way of life worthy of embracing, all thanks to LG Electronics. Indeed, the world will be a better place if only companies would emulates what innovative companies such as LG Electronics is doing in ensure that in the process of production, the health of the consumers in now factored in to achieve a healthy and greener environment for all. Guinness Nigeria signs MoU with Wecyclers on waste management Guinness Nigeria Plc, the foremost beverage alcohol company in Nigeria has partnered Wecyclers, a social enterprise that promotes environmental sustainability, socioeconomic development, and community health to support Guinness’ waste management agenda. The partnership is expected to, among other things, help support the implementation of Guinness Nigeria’s 4R waste management strategy, covering Reduction, Reuse, Recovery and Recycling, while addressing increasing local and global concerns around the environmental issues of waste disposal. Peter Ndegwa, Managing Director/CEO, Guinness Nigeria Plc, said in a statement that the partnership with Wecyclers is in line with Guinness Nigeria’s commitment to reduce its environmental impact across its operations and throughout its supply chain. He added that it is also in line with the Nigeria’s Extended Producer Responsibility (EPR) policy approach under which producers are given a significant responsibility for the treatment or disposal of post-consumer products. “This partnership with Wecyclers is in line with our commitment to reduce our environmental footprint as well as join the global movement to advance sustainable development. Every year, at Guinness, we set ourselves stretched targets that will guide us as we work to reduce our impact on the environment. We also strive to increase our positive social impact by delivering transformational social investments in communities where we operate,” Ndegwa said. MTN Nigeria, one of Africa’s largest provider of communications services, connecting over 53 million people in communities across the country has in partnership with Twinpine, a Terragon company with specialties in mobile marketing, unveiled an upgraded version of MTN Mobile Advertising. Launched recently at a stakeholders’ gathering, the enhanced version of Mobile Advertising with selfservice capability is a smart means of optimizing advertising budget, allowing brands and businesses to reach their profiled target audiences with ease. Witnessing the launch were industry giants who were presented with a live demo of MTN Mobile Advertising and how the platform guarantees cost efficiencies while reaching the target audience. Speaking at the launch, Chief Enterprise Business Officer, MTN Nigeria, Lynda Saint-Nwafor in a MTN, Twinpine enter into partnership to revolutionize mobile advertising in Nigeria statement stated that, “MTN as a brand aims to help its customers get the best of their business using the services that we provide. We are particularly proud of our Mobile Advertising as it offers much more than receiving an SMS on your phone. MTN Mobile Advertising involves a wide array of channels like USSD, End-of-Call Notification, Balance Enquiry and Recharge Notification. With MTN Mobile Advertising, you have clear reach, targeting real-time engagement, real-time audience, permission marketing, lasting conversations and a door to a world of opportunities. We believe our customers will get the best of the platform and will be just as impressed as we are.” MTN Mobile Ads is a complementary channel for advertising that makes integrated marketing communication plans more comprehensive and airtight. As most digital platforms, MTN Mobile Ads is measurable and can be tracked and the reports developed from the platform will show trends and extensive dynamics of targeted consumers, the statement said. The platform prides itself in being overtly exact when targeting audiences along the lines of age, gender, location, spend, device type and operating system amongst other metrics to better the business’ Return on Investment (ROI). This solidifies the customers’ confidence in the fact that their actual target market, audience and group are being reached. Commenting on how MTN Mobile Ads connects businesses with their target audiences, Chief Executive Officer (CEO) Terragon Group, Elochukwu Umeh in the statement said, “The new version of our Mobile Ads platform delivers superior results on mobile for consumer goods, financial services and SMEs. The direct channel offers participating customers and businesses an opportunity to connect with their target audience in their mobile journey from discovery to conversion.