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GTB, HiTV Row Deepens as CBS Claims Studio

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Toyin Subair, CEO, Hi Media
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The battle for the soul of HiTV, the embattled pay TV Company, owned by Hi Media  has taken a new turn as Continental Broadcasting Service (CBS), owners of Radio Continental and Television Continental, claims it owns some parts of the properties under receivership by GTB Plc, Nigeria CommunicatonsWeek can report.

CBS claimed that HiTV had signed an agreement to use part of its premises as studio for some of HiTV’s live programmes but that the pay TV Company could not meet up its part of the deal.

CBS is therefore enraged that its premises is locked up even with the judgement obtained against Hi Media for allegedly defaulting in the terms of a co-location agreement in the sum of N188 million.

The twist is coming months after GTB obtained a court order to take over HiTV for failure to discharge its outstanding indebtedness (to GTB) in the sum of N9 billion.

While not opposing the take over of HiTV by Chief Ajibola A . Aribisala (SAN), the GTB appointed receiver/manager; CBS claims that the presence of the managers on its premises is affecting the smooth running of its broadcasting businesses.

It also claims frustration at attempts to levy the execution of the judgment against Hi Media for failing in the terms of a co-location agreement

Nigeria CommunicationsWeek recalled that HiTV had last year had its operations turned over to a receiver after GTB sued it over alleged debts totaling N9 billion.

HiTV, a celebrated broadcast business module and once seen as rival Multichoice, operators of DSTV suddenly wobbled under the weight of the nation’s banking liquidity stagnation and the subsequent inability of creative entrepreneurs to access capital from banks to fund projects.

After losing the lucrative English Premier League (EPL) franchise to Multichoice, the local pay TV Company, was on course to re-vegetation through its entertainment centric programming before the GTB’s blow.

But it looks more like a case of business relations gone sour.

GTB sought and obtained a ruling against HiTV over the alleged debts at the Federal High Court sitting in Ikeja, presided over by Hon. Justice S.J. Adah on September 11, 2011.

And pursuant of the ruling a public notice by Aribisala, of A.O.S Practice, Lagos acting as ‘the Receiver/Manager’ said Hi Media Ltd has been placed in receivership due to its “failure to discharge (its) outstanding indebtedness in the sum of N9, 228, 269, 021. 00 as at November 16, 2011 in respect of credit facilities granted to it by Guaranty Trust Bank Plc.”

GTB appointed Aribisala, as “Receiver/Manager over the entire undertakings, stock, goodwill, plant and machinery, howsoever called floating and fixed assets moveable and unmovable inclusive of money and assets kept in any bank in Nigeria and/or all assets belong to Hi Media Ltd, the operator of HiTV.”

Nigeria CommunicationsWeek gathered that before the big blow on HiTV, it has had a running battle with rival Multichoice over rights infringements and won.

But then Multichoice also won the battles over broadcast rights of CNN, Discovery and EPL.

In 2010 after paying an initial deposit of $40 million over a year, it lost the EPL franchise to Multichoice for the 2011 – 2013 seasons following its inability to provide bank guaranty to the Premiership owners for the other two years.

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Trane® Appoints JMG as New Distributor in Nigeria

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Trane, a global provider of indoor comfort systems and services and a brand of Ingersoll Rand, has entered into a new distribution agreement with JMG Limited Nigeria, that will significantly expand and strengthen the distribution capacity of Trane in Nigeria.

The launch of Trane in Nigeria was at the MEGA CLIMA exhibition, dedicated to the refrigeration, air conditioning, ventilation and heating sector, which took place in the Landmark Exhibition Center in Lagos from the 11th to the 13th of July 2019. JMG Limited and Trane exhibited the Trane brand and conduct a seminar for the professional in the HVAC market.

Under the agreement, JMG Limited will be the Authorized Distributor of Trane residential and light commercial systems in Nigeria through a dedicated team of experienced sales and services engineers. This Distributorship allows JMG Limited to complete its strategic development in the building infrastructure segment in order to offer a One Stop solution to developers from power, electrical products, mobility equipment and now efficient air-conditioning systems.

Mr. Hazem Bouzaiane, Africa Distributor Management Leader, Trane, said “We believe in selecting a Distributor who reflects Trane’s commitment to environmental sustainability with a strong focus on understanding and delivering value to customers, and the region they operate in. We are pleased to begin this journey with JMG Limited and will be very proactive in working with them to deliver the Trane promise of energy efficiency and reliability to the region”.

Mr. Ramzi Dabaghi, Head of Power Solutions & HVAC Division Manager, JMG Limited, said, “The HVAC industry is a very large industry that covers system design, operation and maintenance. Like most industries within the construction business, the HVAC sector has been gradually growing lately, with the end user spending substantial business expansion plans and supporting new enterprises in the industry. Our interest in the HVAC business arises after we have monitored the increasing market trend and identifying the areas/businesses that will benefit from our service. Add to this our concern to reduce energy consumption and to build a healthier environment.

We are quite aware that the success of any business lies in the foundation on which the business is built on, which is why we are confident enough that the JMG Limited – Trane partnership in the HVAC sector will succeed and develop rapidly.

JMG Limited has a dedicated team of professional engineers (Mechanical and Electrical), trained by Trane and specialized in Total engineering solutions and turnkey projects to deliver reliable and immediate results.

Thanks to the vast expertise and experience of our team, our aim is to provide the optimum solution, irrespective of category and scope of supply. We are always committed to provide high reliability with low maintenance, maximum safety and great flexibility. With the expertise and experience of our team and the name Trane and not to forget the quality and innovation of Trane products, we simply offer the best solutions.

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Funke Akindele Announces Dettol Clean Naija’s National Handwash Challenge On Silverbird TV

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L-R: Winifred Okolo; Today On STV host, Funke Akindele; Nigerian Actress and Dettol Brand Ambassador, Cassandra Uzo-Ogbugh; Brand Manager, Purposeful Marketing, Reckitt Benckiser at Silverbird TV recently.
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Funke Akindele was recently hosted on the popular Silverbird TV breakfast show, ‘Today on STV’, where she discussed her career, motherhood and her CSR work on promoting hygiene and good health in Nigeria through Dettol’s Clean Naija Initiative. The Jenifa star also spoke on the need for better general health practices including daily hand hygiene as this singular act can prevent the transmission of illnesses like diarrhea, making families and communities healthier and happier.

The Clean Naija initiative, which was created to achieve a cleaner nation through the continuous habit of proper handwashing and personal hygiene, has so far been achieving its mandate, through mass awareness, social education and provision of infrastructure towards proper hand hygiene habits.

When asked what her partnership with Dettol means for Nigerians, Funke Akindele said, “Our goal is to get 20 million clean hands by the end of year 2020, and as such, I’d personally champion the promotion of proper personal hygiene in Nigeria. This is possible because, Dettol has products such as the antiseptic liquid, the anti-bacterial soap and hand sanitizer which will be instrumental to the achievement of our mandate.”

She rounded up her time on the show by announcing the start of the National Handwash Challenge which is a social campaign that will help raise the consciousness of Handwashing amongst active Nigerians.

L-R: Winifred Okolo; Today On STV host, Funke Akindele; Nigerian Actress and Dettol Brand Ambassador, Cassandra Uzo-Ogbugh; Brand Manager, Purposeful Marketing, Reckitt Benckiser announcing the National Handwash Challenge during the show on Silverbird TV recently.

To get the conversation going, she asked people to join the challenge by taking a picture or video whilst washing their hands, after which they’d post it on social media, tag @DettolNigeria and @Cleannaijang, and also tag 5 of their friends to do the same using the hashtag #DettolCleanNaija and #NationalHandwashChallenge

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Youth Population to Drive Strong Subscriber Growth Across Sub-Saharan Africa- GSMA Study Revealed

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 Sub-Saharan Africa will remain the world’s fastest-growing mobile region over the coming years as millions of young African consumers become mobile users for the first time, according to a new GSMA study.

 

It reveals that more than 160 million new unique mobile subscribers[i] will be added across the region by 2025, bringing the total to 623 million, representing around half of the region’s population, up from 456 million (44 per cent) in 2018. Subscriber additions will be concentrated in high-growth markets such as Nigeria and Ethiopia, the report says.

 

“A new generation of youthful ‘digital natives’ across Sub-Saharan Africa are set to fuel customer growth and drive adoption of new mobile services that are empowering lives and transforming businesses,” said Akinwale Goodluck, Head of Sub-Saharan Africa, GSMA.

 

“With mobile technology at the heart of Sub-Saharan Africa’s digital journey, it is essential for policymakers in the region to implement policies and best practices that ensure sustainable growth in the mobile industry, and enable the transition to next-generation mobile networks.”

 

The study calculates that the mobile ecosystem across Sub-Saharan Africa generated almost $150 billion in economic value last year – equivalent to 8.6 per cent of the region’s GDP. It is forecast to generate almost $185 billion (9.1 per cent of GDP) by 2023.

 

The 2019 Sub-Saharan Africa edition of the GSMA’s Mobile Economy report series is being published at the ‘Mobile 360 – Africa’ event being held this week in Kigali, Rwanda. The new report also reveals that:

 

  • Around 239 million people, equivalent to 23 per cent of the region’s population, use the mobile internet on a regular basis.
  • Smartphones accounted for 39 per cent of mobile connections[ii] in Sub-Saharan Africa in 2018, forecast to increase to two thirds of connections by 2025.
  • 3G will overtake 2G to become the leading mobile technology in Sub-Saharan Africa this year.
  • 4G will account for almost one in four connections by 2025. However, 4G uptake is being dampened in some markets by the high cost of 4G devices and delays in assigning 4G spectrum.
  • The region’s mobile operators are increasing investment in their networks and are expected to spend $60 billion (capex) on network infrastructure and services between 2018 and 2025 – almost a fifth of this total being invested in new 5G networks.
  • Sub-Saharan Africa’s mobile ecosystem supports around 3.5 million jobs, directly and indirectly, and last year contributed almost $15.6 billion to the funding of the public sector through consumer and operator taxes.

The new report ‘The Mobile Economy, Sub-Saharan Africa 2019’ is authored by GSMA Intelligence, the research arm of the GSMA. To access the full report and related infographics, please visit: https://www.gsma.com/r/mobileeconomy/sub-saharan-africa/

 

 

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