Quick Takes
LBS Partners UBN on Student Loan Scheme
Masters in Business Administration (MBA) students of the Lagos Business School (LBS) can now pay part or all of their tuition with ease following the school’s partnership with Union Bank of Nigeria Plc to make loan available to them with flexible repayment options.
The facility, accessible to the school’s MBA, Executive MBA and Modular Executive MBA students at any stage in the course of their respective programmes, is repayable over a four-year period at an attractive interest rate.
To qualify for the scheme, interested students would need to have salaries domiciled with Union Bank, run businesses profiled/ approved by the bank or have parents/wards with Union Bank accounts. The loans will be provided with no collateral.
MBA Director, LBS, Dr Uchenna Uzo, explained that the loan finance deal was part of efforts to encourage students experiencing financial challenges to get the prestigious LBS MBA without hassle. “This is just one among several other financing options that LBS is currently working on to help our students succeed in the increasingly complex local and global business environment, with finance being the least of their worries,” he said.
The Head, Retail Credit, Union Bank, Dayo Bankole-Hameed noted that having access to affordable student loans is a key driver in encouraging postgraduate studies globally, and Union Bank is proud to be providing this critical financing support to MBA candidates at LBS.
Flour Mills Launches Three New Products
Flour Mills of Nigeria Plc said it recently launched three new products. They are Daily Delight Instant Cereal, Golden Penny Margarine and Golden Penny vegetable Oil.
The firm disclosed this to its customers during its 2015 annual customers’ forum held recently in Lagos.
The forum is an interactive event where customers are celebrated, appreciated and rewarded for their loyalty to the company and its products while sharing information on its plans for the future.
Addressing customers at the forum, the Group Managing Director of Flour Mills of Nigeria Plc, Mr. Paul Gbededo, said that the occasion was unique because it was the first time Golden Penny Business partners of both B2B and B2C were rewarded the same day as one team with one dream. He referred to the customers as partners, saying that without them Flour Mill would not be able to achieve its goals.
A statement revealed that noted that FMN has continued to maintain leadership through production of quality, healthy and affordable products to meet the demand of the growing population.
The company’s chairman, Mr. John Coumantaros, stated that the forum was to appreciate the distributors for their unwavering loyalty and commitment for the past fifty four years which has seen Golden Penny Brands remain the Number One Family’s Choice in FMCG in Nigeria.
Bestfly ProvidesAviationFuelinSub-SaharanAfrica
Bestfly, the Angola-based aviation services company, has signed an agreement with Angola’s energy company Sonangol to operate its own dedicated fuel bowser.
The agreement enables Bestfly to control fuel supply to aircraft from its own 45 000-litre bowser provided by Sonangol of Angola. The is making Bestfly the only FBO with a dedicated aviation fuel supply in the Sub-Saharan area of Africa.
According to the company, under the terms of the agreement Sonangol will provide continued access to the bowser and aviation fuel. In addition, Sonangol has trained the three-man team operating the bowser in safe operations, human factors and all elements of secure fuel handling which enables the company to offer 24/7 fuel services to arriving and departing aircraft. To streamline the system even further Sonangol has a single point of contact in the accounts department handling accounting, fuel requests and pre-flight inquiries making the fuel administration process leaner for all concerned.