Abdulsamad Rabiu, others lead 2017 AABLA nominees

Foremost billionaire businessman and Nigeria’s fourth richest man according to Forbes, Abdulsamad Rabiu, has been nominated for the 2017 West Africa Business Leader of the year at the 2017 CNBC/ All African Business Leaders Award.

Rabiu, CEO/Founder of BUA Group, a Nigerian food and infrastructure conglomerate was named alongside other CEOs such as Jennifer Bash, the CEO AKTZ industries, and Mwaura Ndichu, the CEO Interswitch GRP and Joyce-Ann Jawainaina, the CEO of Citi bank who are also in contention for various regional awards.

The Executive Chairman/ CEO, BUA Group who in 2016 won the CBNC/AABLA African Industrialist of the Year Award was among finalists for this year’s award barely a month after commissioning BUA Cement $1 billion plant in Edo State and signing a $500 million textile cluster agreement in Katsina State. The National Identity Management Commission (NIMC) is partnering the Abuja Chamber of Commerce and Industry (ACCI) to enrol persons attending the 12th Abuja International Trade Fair, 2017 for the National Identification Number (NIN).

The Trade Fair, with the theme ‘Returning Nigeria to the Path of Sufficiency through NonOil Exports’, is scheduled to hold from the 21st September to 7th October, 2017 at the J. T

The nomination process for the annual event in partnership with CNBC Africa began on September 14, and ended on September 20, 2017 with recognition of excellence across categories.

The categories include: Young Business Leader of the Year; Entrepreneur of the Year; Business Woman of the Year; Innovator of the Year; Industrialist of the Year; Company of the Year; Business Leader of the Year and Philanthropist of the Year. Useni International Trade Fair Complex, Airport Road, Piwoyi, Abuja.

With the deployment of the enrolment kits at the fair, the enrolment exercise and issuance of the NIN will be open and free for all exhibitors and visitors at the Trade Fair, including children, an estimated 30,000 on a daily basis.

This collaborative exercise will also avail the trade fair participants the opportunity to be registered into the National

AABLA honours remarkable leadership and salutes game changers of business on the continent for their continuing commitment to excellence, developing best practices and innovative strategies.

Winners of the awards exemplify the best in African leadership. They epitomize the core values of a successful leader, strength, innovation, ingenuity, knowledge and foresight - values that are imperative to carving out powerful business in a PanAfrican and global economy. Identity Database (NIDB) and be issued the NIN, which is a non-intelligent set of numbers assigned to an individual upon successful enrollment.

As one of the biggest annual events in the capital city of Abuja, NIMC’s collaboration with the fair organizers and subsequent plans to deploy enrolment kits to the fair will facilitate, as well as advance the population of the NIDB which has hit 21.9 million enrolment figures as at Wednesday, September 13, 2017. Standard Alliance Insurance PLC has announced plans to embark on share reconstruction to enable the board and management to reposition the company and create more value to its shareholders.

The reconstruction is also to improve the company’s standing in the market place and put it in a strong position to declare dividend.

The shareholders of Standard Alliance approved the share reconstruction at the 21st Annual General Meeting held last week at its head office in Lekki, Lagos.

According to the company, share reconstruction, also known as reverse stock split, will enable the company to reduce the number of its outstanding shares and increase its share price proportionately without affecting the total book value of those shares.

Speaking after the Annual General Meeting (AGM) the Group Managing Director of Standard Alliance Plc, Mr. Bode Akinboye, who returned to Standard Alliance in December 2014 after leaving the company as Group Managing Director in 2009, said the share construction was the third point of his four-point transformation project anchored on people, processes and product.

“The first point of the transformation is clearing all outstanding regulatory issues with the National Insurance Commission, the Securities and Exchange Commission and the Nigerian Stock Exchange, which has been successfully concluded.

NIMC collaborates with ACCI to register participants at 2017 Trade Fair