Aliko Dangote, a man well-known for being the biggest business man in Nigeria, has been reinstalled as president of the Nigerian Stock Exchange (NSE) after the Court of Appeal in Lagos upheld his appeals against the cases which had led to the nullification of his appointment in 2010. Dangote, elected unanimously in 2009, was stripped of his position in 2010 by the Federal High Court in Lagos following accusations that he manipulated oil shares. Last Friday, Justice Helen Ogunwumiju overlooked the 2010 ruling delivered by Justice Lambo Akanbi, which paved the way for Dangote, Africa's richest man, to retake his position.
Air Nigeria First to Offer iPad 3 Entertainment in the Economy Class
Business Review USA recently revealed that IFE Services has been selected by Air Nigeria as its in-flight entertainment (IFE) provider.
Passengers in business class will be offered provision of entertainment content across the airline's fleet of A330s, which includes a complimentary iPad 3 on which to enjoy Nigerian, classic and latest release Hollywood movies as well as a broad selection of comedy, lifestyle, drama and kids TV shows. Air Nigeria is the first African carrier to offer the iPad 3 to passengers as an in-flight entertainment solution.
In the economy class, passengers will enjoy latest release Hollywood movies and a selection of TV shows on the airplanes' digital main screen systems. IFE Services is also producing a new animated safety film for the Air Nigeria.
Andy McEwan, CEO of IFE Services, after commending Nigeria on her favorable disposition towards business alliance also made it known that "The iPad is a great portable solution that we know passengers will love to use whilst airborne. We look forward to a long and productive relationship with this innovative, growing airline to help provide them with the best possible passenger experience."
Air Nigeria was initially Virgin Nigeria and now is owned by Barr. Jimoh Ibrahim (OFR) who took a two-year turn around for the company.
Oando PLC Takes Lead in CSR
In a ranking contained in the maiden edition of the Nigerian Petroleum Marketing Companies’ Disclosure Report published by BusinessDay Research Unit, Oando Plc occupied the first place in Corporate Social Responsibility (CSR) with charitable contributions of N72.3 million. This amount represents 77 percent of the total charitable contributions recorded by 7 companies and 904 percent higher than the next company’s charitable contributions in 2010.
MRS Oil Nigeria followed with the contribution of N7.4 million. Mobil Oil Nigeria Plc was third with charitable contribution of N4.4 million. In terms of classification in the whole of the industry, the highest donation went to security and safety as it gulped N51 million or 55 percent of total charitable contributions in 2010.
Art and culture received the second highest donation, while foundations received the third highest (N9.45 million) from the seven oil and gas companies.