Tuesday, 3 August 2021
Ikeja Electric Upgrades Mobile App to Enhance Services, Customer Experience
EKEDC Partners Ikoyi Club 1938 on Table Tennis Tournament
The maiden Eko Electricity Distribution Company (EKEDC) table tennis tournament has commenced at the Ikoyi Club 1938.
The tournament which is in partnership with the Table Tennis Section of the Ikoyi Club 1938, was declared open on Monday,2nd August 2021.
Speaking at the opening ceremony of the tournament, EKEDC’s General Manager, Corporate Communications, Mr Godwin Idemudia, disclosed that the tournament is grouped into three categories of Premiership, Championship and Veteran.
He noted that the objective of the tournament is to promote the development of table tennis in Nigeria and encourage table tennis as a vital sport for physical fitness and mental wellness.
The Chairman of the Table Tennis Section, Ikoyi Club 1938, Mr Soji Aladesuru who declared the tournament open, expressed his gratitude to the management of EKEDC for their strong commitment to giving back to the community, through different corporate social responsibility (CSR) initiatives and intervention.
He added that the sponsorship of this maiden table tennis championship, is coming at a time when the promotion of indoor sports and activities has also become important in the light of COVID-19 pandemic.
Aladesuru also appreciated members of staff of the Company, for the quality of the organisation and coordination.
The Managing Director, Eko Electricity Distribution Company Mr Adeoye Fadeyibi while speaking at the opening ceremony of the tournament, expressed his delight at the organisation of the tournament.
He appreciated members of the table tennis section of the Ikoyi Club 1938 for their cooperation and called for even more collaboration in the development of indoor sports in Nigeria.
Fadeyibi who is also one of the players at the tournament, on Monday qualified for the second round in the Championship category following his victory over S.Shaibu in the first round. (NAN)
Thursday, 22 July 2021
NETCO posts N3.37bn profit, declares N400m dividend for 2020
By Solomon Asowata
Lagos, July 22, 2021 (NAN) The National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has reported a profit before tax of N3.37 billion for the year ended Dec. 31, 2020.
The News Agency of Nigeria (NAN) reports that Mr Adeyemi Adetunji, Chairman, Board of Directors, NETCO, made the disclosure on Thursday at the company’s 2020 Annual General Meeting in Lagos.
Adeyemi said the profit before tax rose by 53 per cent when compared with N2.20 billion achieved in the corresponding of 2019.
Adetunji noted that 2020 witnessed the COVID-19 pandemic which led to socio-economic and humanitarian crisis worldwide thereby bringing economic activity to a near standstill.
He said: “In spite of these challenges, NETCO has posted a total profit before tax of N3.37 billion which represents an increase of 53 per cent from N2.20 billion in 2019.
“The company recorded a total revenue of N18.02 billion in the year under review, which represents 52 per cent decrease compared to 2019 revenue of N37.21 billion. ”
Adetunji said it was noteworthy that NETCO secured the contract award for the Project Management Consultancy/Owner’s Engineer Services for the NNPC’s three Refineries Rehabilitation Projects as the main consultant for the first time.
He said it was also laudable that the company’s performance on several projects in the year under review was undeterred by the lockdown and harsh economic terrain occasioned by the pandemic.
Adetunji commended the Group Managing Director of NNPC, Mr Mele Kyari, the NETCO management and staff as well as other stakeholders for the efforts toward achieving the company’s mandate.
Also, Mr Usman Baba, Managing Director, NETCO, explained that foreign exchange gains constituted 18.43 per cent of the 2019 profit before tax, while it accounts for 121 per cent in the year under review.
Baba noted that the pandemic resulted in negative growth in global businesses leading to low crude demand and reduced investments in most sectors, especially in the oil and gas industry.
He said the reduced industry translated to reduced industry activities for NETCO and other players in the sector, while some existing contracts were either suspended or renegotiated.
Baba said despite these challenges, NETCO was currently executing 15 key contracts in the industry and had continued to contribute to the development of in-country Engineering and Technical capacity.
He said NETCO had also concluded training programme for 17 youths from Iru land who were provided with entrepreneurial skills in fish farming, computer application/web design, catering, leather works, beads making and events management.
Baba said the management was targeting a revenue of N36.58 billion for 2021 financial year.
NAN reports that the board approved a gross dividend of N400 million, which translated to 40k per share for its shareholders. (NAN)
Tuesday, 20 July 2021
EKEDC Felicitates with Customers on 2021 Eid El Kabir Celebration
Eko Electricity Distribution Company (EKEDC) has felicitated with Muslim Faithfuls and customers as they celebrate this year's Eid-El-Kabir celebration.
The Company in a goodwill message released on Monday by its General Manager, Corporate Communications, Mr Godwin Idemudia said “As we commemorate this year’s Eid El Kabir, we congratulate our Muslim customers for yet another celebration. There is no doubt, that among other lessons, Eid El Kabir offers a reminder that with total submission to the will of Almighty God, we can overcome our challenge and adversity”.
“It is important that we continue to imbibe the lessons of Eid El Kabir particularly that of sober reflection, sacrifice, kindness, tolerance, compassion and obedience to the will of God.”
Idemudia added that the true essence of Eid El Kabir is in giving and sharing with one another, he therefore encouraged everyone to see this period as an opportunity to show love and support, for the underprivileged.
He also called for tolerance, peaceful coexistence, mutual understanding, and cooperation with the adherents of other faiths adding that these are imperative for national development.
Idemudia assured customers of adequate power supply throughout the period of the celebration and beyond. He gave the assurance that the company’s technical team will be on hand to clear faults and resolve customer complaints all through the period of the holiday.
He reiterated that the company's communication channels will be available at all times and encouraged customers to contact the Company using the website; ekedp.com, 24/7 Customer Complaints Unit line:07080655555, email; Customercare@ekedp.com and social media platforms (Twitter; @ekedp, Facebook; Eko Electricity, Instagram; ekedpng).
DPR clarifies issue on subsidy removal
Sunday, 18 July 2021
Hybrid Saharalympics sparks excitement, gold quest at Sahara Group
Mr Bethel Obioma, Head Corporate Communications, Sahara Group, said the Saharalympics is a celebration of "competiveness and camaraderie" and provides a platform for enhancing employee collaboration, recreation, and productivity.
"The Saharalympics made its debut in 2014 and has ever since become a flagship event at Sahara Group that reinforces the role of sports in enhancing excellence, team performance and sustainability.
Obioma said a hybrid approach had been adopted for the 2021 edition that would see 16 teams from Sahara's Power, Upstream, Midstream, Downstream, Infrastructure and Technology businesses compete for medals and glory.
"The excitement right now in Sahara is palpable and our Saharalympians are ready to trade tackles and moves fairly and expertly in the spirit of the Saharalympics.
The Saharalympics also involves the participation of prominent sports men and women in line with Sahara Group's commitment to celebrating and promoting excellence.
Falilat Ogunkoya and former Super Eagles Captain, Joseph Yobo.