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Nutrition Society Lauds Nutricima Consumer Enriching Products

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Nutrition Society of Nigeria (NSN) has commended Nutricima Limited, makers of Coast, Nunu, Olympic milk and other nutritious food drinks, for enriching lives of consumers through its products as well as the recently launched Mega Cash promo.

NSN said Nutricima stands out among others in terms of quality of products, noting that it has a rich history of providing nutritious milk products and food drinks.

Dr. Bartholomew Brai, chairman, Scientific Committee of NSN, gave this commendation on Wednesday in Lagos at the unveiling of Nutricima consumer-reward initiative tagged “Mega Cash Promo.”

Speaking on the importance of milk to the body, Brai, who represented Mrs Ngozi Nnam, president of NSN, said, “Milk supplies nutrients and vitamins to the body. We all know that there is need for nursing mothers, parents, children young and old, adults and aged people to pay attention to their nutrients intake. Nutricima’s range of milk products gives essential nutrients and vitamins to the body for growth and development. Nutricima has milk products like Coast and Nunu evaporated and powdered milk and Olympic milk which are carefully made to meet the health demand of these set of people.”

He also commended the initiative of the Mega Cash Promo, saying it is like giving back to the society for the benefit of both new and existing consumers.

Brai noted that Nutricima has proven that it is not only concerned about making profit but also enriching lives through the promo.

“We commend the ideas and strategies put to ensure the successful reward of consumers of Nutricima in this Mega Cash promo. It is especially coming at a time when everyone needs money after spending a lot during the festive period,” he added.

 According to Mr. Suneel Vasudevan, managing director, Nutricima, he noted that the promo will run for three months starting from January 21st to April 22nd, 2014.

Consumers stand the chances of winning millions of Naira and numerous gifts after purchasing any of Coast evaporated milk, Olympic evaporated Milk or Nunu powder refill which has the promo label.

Under the label, consumers can find a six digit Code number which is to be sent with the product serial number to 08093377802. 

The sender then gets an interactive voice response which informs the consumer about what he or she has won.

Instant wins in the Mega Cash Promo include N50 airtime e-top-up for thousands of consumers, cash prizes of N500 (Five Hundred Naira), N1, 000 (One Thousand Naira), N5, 000 (Five Thousand Naira) and N10, 000 (Ten Thousand Naira) each.

Aside from the instant prizes, consumers can also qualify for a monthly raffle draw where they have the opportunity to win between N50, 000 (Fifty Thousand Naira) to N1million (One Million Naira).

To redeem their cash prizes, customers are expected to go to any branch of Zenith bank with the product label and valid ID card. Cash prizes between N500 – N10, 000 will be paid over the counter, while N50, 000 – N1, 000, 000 will be transferred to winners’ accounts. 15 lucky people are expected to win N1, 000, 000 each in the raffle which will hold every month of the promo duration.

 Reflecting on the birth of the company, Mr. Vasudevan said Nutricima “was born out of a vision of PZ Cussons to bring international quality nutrition to Nigeria. This vision was converted to reality through a joint venture with Glanbia, a leading food ingredient company in Europe, who were keen to deliver their technical expertise for the benefit of Nigerians.

“Nutricima was incorporated in 2003 and commenced operations in 2005. The company immediately demonstrated significant business building capabilities in: Building new brands from scratch, production of World Class products.

It achieved national distribution network of 26 depot stations pan Nigeria to deliver products to the door steps of consumers, producing affordable products for all the people, and it achieved backward integration in the past 2 years by sourcing milk from Shonga farms; an initiative to develop local capabilities. 

All of these have been achieved within a short period of 7 years,” he added.


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NCC Threatens Illegal Users of GSM Boosters with Arrest, Prosecution

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Nigerian Communication Commission (NCC) has warned telecom consumers to desist from using illegal GSM boosters.

NCC Threatens Illegal Users of GSM Boosters with Arrest, Prosecution

The commission also said that anyone caught using a GSM booster without obtaining approval of a duly licensed network operator will face arrest and prosecution.

GSM boosters are devices that transmit and receive telecommunications signals and can therefore interfere with other radio frequency equipment.

Ikechukwu Adinde, director, public affairs, NCC, said in a notice published on NCC website, that only licensed network operators are allowed to use GSM boosters.

The booster, also known as amplifier or repeater is made up of three main elements – exterior antenna, amplifier, and interior antenna.

They form a wireless system to boost cellular reception

“Members of the public should note that, willful interference with any wireless telegraphy is an offence under Section 16 of the Telegraphy Act, 2004,”it said

The agency said it will not condone any flagrant breach of this law.

It has also enforced measures to prosecute offenders.

Accordingly, monitoring mechanisms have been put in place and anyone caught using a GSM booster without obtaining approval of a duly licensed network operator will face arrest and prosecution.

“Any member of the public with useful information regarding the illegal use of GSM Boosters should contact the Commission on 09-4617000/7351 or send an email to [email protected],” the notice said.

“Individuals desirous of using GSM Boosters should note that they can only do so in conjunction with licensed network operators,” it added.

 

 


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Tizeti Selects Nokia to Provide LTE Fixed Wireless Access Solution for High-Speed internet Services in Nigeria

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Tizeti announced that it selected Nokia’s Fastmile Long Term Evolution (LTE) technology to enable usprovide superior internet services to over 1 Million subscribers in Port Harcourt, Edo and Ogun in Nigeria.

Tizeti Selects Nokia to Provide LTE Fixed Wireless Access Solution for High-Speed internet Services in Nigeria

Tizeti will deploy Nokia’s AirScale Base Station TDD-LTE and FastmileFixed Wireless Access (FWA) gatewaysto deliver premium internet and Virtual Private Network (VPN) services to Residential, Small and Medium Enterprises (SMEs).

The solution will also enable Tizeti’sto deliver a more robust, high-speedinternet service to subscribers and the flexibility to seamlessly evolve to 5G Fixed Wireless Access when needed.

Nokia’s FWA solution enables Tizeti to fast-track broadband access and provide a best-in-class broadband experience to its subscribers.

Nokia’sAirScale Base Stations ensure high-quality connectivity and coverage and enablesTizeti to evolve the network in line with customer demand.

Nokia’sFastmilegateways connect wirelessly to the existing network to createa fastbroadband connection and enhanced Wi-Fi experience in the home.

The Nokia Network Services Platform will help Tizeti to simplify operations and quickly respond to changing market demands.

Kendall Ananyi, Tizeti, said:“We are committed to providing the best-in-class network experience to our subscribers. We are confident that Nokia’s proven technology and expertise will help us differentiate our services based on quality. This a crucial project for us as it introduces LTE in our networks and allows us to bring new and innovative services to our subscribers.”

Eniola Balogun, Nokia, said:“We are thrilled to work with Tizeti on the initiative to upgrade their network to bring the latest products and services to its subscribers. Nokia Fastmile will help Tizeti to cost-effectively enhance the customer experience.

The project will also enable them to delight their subscribers by providing more reliable data services.

On the other hand, Tizeti will benefit by adding new revenue streams.”

 

 


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Risk Assets Push Higher on Vaccine Hopes; Eyes on the Fed

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By Hussein Sayed, Chief Market Strategist at FXTM,

After two consecutive weeks of back-to-back declines, global stocks kicked off Monday with solid gains amid a surge in M&A activity and positive signs towards vaccine developments. Currency markets were little changed ahead of a busy week of monetary policy announcements, while Oil and Gold ticked slightly higher.

The two big deals announced over the weekend were Softbank’s plan to sell chipmaker ARM to Nvidia for more than $40 billion and Gilead Sciences to acquire Immunomedics for a price tag of $21 billion. Meanwhile, on the vaccine front, AstraZeneca resumed its phase-3 trial on Covid-19 after being suspended last week following a neurological illness developed in one participant, and Pfizer announced that its vaccine could be distributed before year-end if found safe and effective.

 

Central Banks will take centre stage this week with the Federal Reserve, Bank of England and Bank of Japan all due to announce policy decisions. Out of the three meetings, the Fed is likely to be the most watched following its historic shift towards average inflation targeting. The big question remains how will the FOMC put this policy into action?

 

From what we know now, the Fed is set up to keep interest rates near zero for a long time, possibly for several years. Given the new framework, any spike in inflation won’t translate into immediate rate hikes as the Fed wants to compensate for the lost years when they have failed to hit the target. The dot plot will be the key guide for investors and traders alike. If inflation projections remain at 2% or below for the foreseeable future, this will solidify market expectations for a low rate environment for many years to come. That said, Jay Powell would still have to explain in more detail how the new framework will be translated into policy action.

 

In June’s economic projections, the Fed anticipated unemployment would be at 9.3% by year-end, but, in August, unemployment was well below that forecast at 8.4%. Many other economic data surprised to the upside during the June – August period in a clear sign that most economists were overly pessimistic towards the strength of the recovery. However, there is still a considerable amount of uncertainty given the latest surge in Covid-19 cases worldwide and the US, especially as we get closer into the winter season. A second wave will undoubtedly put the recovery at risk in the final quarter of the year and it will be interesting to see the Fed’s view on that issue.

 

As for the market selloff over the past two weeks, the Fed isn’t likely to show any signs of concern. In fact, policymakers should be satisfied with the pullback as the risk of a bubble in several assets has been growing due to the Fed’s extremely accommodative policies. Unless we see another 10 -15% drop, do not expect the Fed to intervene.


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