Maltina Teacher of the Year 2019 gets new submission deadline

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The submission of entries for the 2019 Maltina Teacher of the Year has been extended by two weeks. Nigerian Breweries Plc has said.

The extension according to the company became necessary to allow more teachers to participate in the competition designed to identify, showcase and reward outstanding teachers in Nigeria.

Sade Morgan, corporate affairs director, Nigerian Breweries Plc while speaking on the decision to extend the deadline, said the extension of entries was done in response

to calls by teachers and other stakeholders to allow for additional time for more teachers to turn in their entries.

Morgan called on teachers to take advantage of the new window by filling directly or downloading the application forms from the Maltina website and can also pick up a form at their States Ministry of Education, Teacher Registration Council of Nigeria (TRCN), Nigeria Union of Teachers or Nigerian Breweries offices nationwide

“We have received so many enquiries and pressure from participating teachers and other well-meaning individuals for the possibility to extend the entry deadline for this year’s edition of the Maltina Teacher of the Year initiative. This has further revealed to us that the initiative is highly regarded by our key stakeholders,” she said.

She further charged prospective applicants who are yet to complete the application process to take advantage of this two-week extension, as there would be no further shift in the deadline.

Prizes to be won for this year’s Maltina Teacher of the Year initiative includes a total cash prize of N6.5 million and capacity training with a block of classrooms built at the school where the winning teacher teaches. First and second runners up will get a cash prize of N1m and N750, 000 cash prize respectively while each state champion will receive a cash reward … Read More...

Stock market gains N62bn to halt negative trend

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Nigerian stock market gained N62billion at the close of trading on Thursday June 27, which helped the local Bourse to change from a three-day negative path.

Heavyweights like Nestle, Seplat, and other stocks led the market into the positive zone at the sound of trade closing gong.

The week-to-date (WtD) loss decreased to – 0.34percent, the month-to-date (Mtd) negative return also stood lower at -4.25percent, while the year-to-date (Ytd) negative return moderated to -5.35percent.

The Nigerian Stock Exchange (NSE) All Share Index (ASI) increased by 0.47percent from 29,609 points to 29,749.35 points. The value of listed stocks increased from N13.047trillion to N13.109trillion.

Nestle Nigeria Plc stock price advanced most by N50 or 3.70percent, from N1350 to N1400.

It was followed by that of Seplat which gained N30 or 6percent, from N500 to N530.

Also, International Breweries Plc stock price rallied from N16.7 to N18.3, adding N1.6 or 9.58percent.

Other big gainers include Cement Company of Northern Nigeria which rallied from N12 to N13.2, adding N1.2 to 10percent; while Dangote Cement Plc moved up from N184 to N185, adding N1 or 0.54percent.

Meanwhile, many investors moved to sell stocks of Nigerian Breweries which crashed the price by N4.5 or 7.26percent.

Nigerian Breweries decreased from N62 to N57.5; followed by that of Forte Oil Plc which declined from N30.4 to N27.4, after losing N3     or 9.87percent.

Okomu Oil Palm Plc declined from N66.6 to N64, losing N2.6 or 3.90percent.

Tanscorp, GTBank, Access Bank, FBNHoldings, and Zenith Bank were actively traded stocks. In 4,187 deals, stock dealers exchanged 301,175,412 units valued at N5.032billion.

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How NB improves local input sourcing, strengthens drinks industry   

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Nigerian Breweries (NB) is improving its local sourcing of inputs and packaging materials while strengthening competition in the drinks market.

At the annual general meeting (AGM) held last week in Lagos, Jordi Borrut, managing director, said hundred percent of the brewer’s packaging materials come from Nigeria while 60 percent of its  raw materials are sourced locally.

“We work closely with the farmers and integrate them through our own technical assistants that help these farmers. This encourages better yields,” he said.

He said NB took the lead in the beer and malt sections of the Nigerian market last year while coming second in the stout category with Legend and Turbo King brands. He added that in a bid to solve the mobility of products and increase market reach, plans are in the pipeline to expand distribution centres to increase the number of distributors above the current 1,500.

Borrut also said in a bid to maintain a healthy competition in the market and drive consumer satisfaction, various decisions will be carried out on all the products, ranging from brands to bottle, with consumer satisfaction and revenue being the determinants.

Martin Kochl, supply chain director, said that NB, in its partnership with local farmers and vendors, has improved the process of sourcing raw materials locally. He said that sorghum constitutes 70 percent of the company’s raw materials but plans are on to explore other substitutes like barley which can be found in the northern part of the country. He further explained that plans and research are ongoing to incorporate the use of barley as an alternative.

“Every product and brand has a difference, which is determined by the type of raw materials and natural resources used during production. Customer satisfaction is the goal,” he said.

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