Dulux Names ‘Monarch Gold as 2016 Colour of the Year -PHOTOS

Chemical and Allied Products (CAP) Plc, a subsidiary of UAC of Nigeria Plc. (UACN), manufacturers of Dulux premium brand of paints and the technological licensee of AkzoNobel, world’s largest coatings company has named ‘Monarch Gold’ as the Dulux 2016 Colour of the Year.

This is in line with the AkzoNobel global tradition and Dulux brand leadership positioning in Colour mastery.
According to DuluxColour Experts, the 2016 DuluxColour of the Year- ‘Monarch Gold’ is chosen out of a broad palette of yellows that best represents the golden influence of this year’s colour trends. Monarch Gold captures a friendly palette but with a dark mysterious side that adds to its beauty.

Speaking during a special briefing session with professionalstakeholder bodies including; Interior Design Association of Nigeria (IDAN), Nigerian Institute of Building (NIOB),Nigerian Institute of Architects, Nigerian Institute of Quantity Surveyors (NIQS), Nigerian Institute of Estate Surveyors and Valuers (NIESV) and Dulux Decorators Club,the Managing Director, Chemical and Allied Products (CAP) Plc, Mrs. Omolara Elemide welcomed the esteemed stakeholders present and highlighted the company’s responsibility of communicating the annual global colour trend to Nigerians which has over the years been tagged the ‘DuluxColour of the Year’.

Chicken Imports end Agoa Impasse

WASHINGTON — With the arrival of US frozen chicken portions in South African stores at the weekend, Pretoria satisfied conditions for retaining US trade privileges under the African Growth and Opportunity Act (Agoa), US Trade Representative Michael Froman said on Wednesday.

 
The announcement puts an end to a long-running dispute that came to a head in November when US President Barack Obama gave South Africa 90 days to open its market to US chicken, beef and pork or lose duty-free access to the US market for its own agricultural products.
The poultry dispute dates back to 2000 when South Africa imposed prohibitive antidumping duties on US chicken parts.

Chocolate Mars and Snickers bars recals in Germany

Chocolate Maker Mars recalls Mars and Snickers bars in Germany after bits of plastic are found in a product

Other products affected include Milky Way Minis and Miniatures and certain kinds of Celebrations confectionary boxes.

 

The products involved have best before dates from June 19, 2016 to January 8, 2017.

The US chocolate maker produces around 10

FG saves N18.3bn in Six Weeks- Subsidy removal

The Federal Government’s savings as a result of the removal of subsidy on both petrol and kerosene are growing daily, OKECHUKWU NNODIM writes

 

Between January 1 and February 12 this year, an interval of about six weeks, the Federal Government made over N18.3bn as savings from the removal of subsidy on Premium Motor Spirit and House Hold Kerosene.

The government officially stopped subsidy on PMS, popularly known as petrol, on January 1, 2016, while on January 23 this year, it also ended the subsidy regime on kerosene, according to the pricing templates for both commodities obtained from the Petroleum Products Pricing Regulatory Agency.

Woolworths’ Interim Dividend Climbs more than 30%

WOOLWORTHS will be paying shareholders a bigger interim dividend in March, having battled and conquered challenging trading conditions in SA and Australia.

The retailer on Thursday declared an interim gross cash dividend of 133c for the six months to December 27 2015, up 37.8% from 96.5c in the year-earlier period.

The company’s outlook, however, does not seem too rosy.

"Conditions are expected to become more difficult....

IFLUX enters Nigerian market with LED products

To support the weak power supply in Nigeria, iFLUX, LED lighting expert from Hong Kong has opened its flagship store at Alaba international market in Lagos with a promise of offering quality LED lightning products.

 

The store opening showcased iFLUX range of high end LED light products stylishly crafted by some of the world’s best engineers in modern light designs and attendees to the event expressed their satisfaction with the products in-store.

iFLUX is the first lighting brand in Africa to focus on premium LED lighting products with two years warranty.

Australian Retail Giant Wesfarmers to buy UK DIY Chain Homebase for £340m

Wesfarmers already owns Bunnings - one of Australia's largest suppliers of outdoor living and DIY products. 

The Australian retailer said it would spend a further £242m to build up the Homebase business under the Bunnings brand.

The deal is subject to shareholder approval.

Wesfarmers, which owns one of Australia's biggest supermarket chains, Coles, said the UK's home improvement and garden market was worth £38bn.

Homebase is the second-largest home improvement and garden products retailer in the UK and Ireland.

Thai Company pulls Skin-whitening Ad that Claimed ‘White Makes you Win’

A Thai cosmetics company is red-faced after being forced to pull a controversial ad for a skin-lightening cream that it marketed by saying white skin “makes you win.”

The Seoul Secret “Snowz” video that puts a model in blackface has been yanked offline, and the company apologizes on social media after the viral clip was blasted as racist.

“Thai craze for whiteness rears its ugly head again,” tweeted a prominent social-media commentator going by the name Kaewmala. “It never ends. Thai ad agencies are the worst of them all!”

The 50-second spot featured light-skinned model actress Cris Horwang, 35, who credits her success on the pale skin she maintains with a strict beauty regimen.

“If I stop taking care of myself, everything I have worked for, the whiteness I have invested in, may be lost,” she says.

DCA said Whole Foods pays $500,000 to settle overcharging probe

The city's Department for Consumer Affairs (DCA) said the firm had to meet standards on weighing and labelling.

 

The deal means customers "are better protected from overcharging", it said.

Whole Foods admitted to making mistakes but said there was "no evidence of systematic or intentional misconduct".

Insurance hits Policies sales, through Mobile phones

Mobil / Insurance

More people are signing up for insurance products using their mobile operator, thereby deepening the penetration rate for micro-insurance in the country over the past three years.

A 2014 National Insurance Commission (NIC) study found that 28 percent of people have a micro-insurance product either through a mobile operator, savings account, or in a loan product.

Do Not Price Your Product For Customers Who Cannot Afford It

A funny thing happens on the way to building a successful business. At a certain point you actually need customers who can pay you for the product or service that you offer.

It seems so obvious — you need someone to pay for your business efforts if you plan to continue to happily work there. And very likely you will need a lot of paying customers to build a growing business.

This fact is sometimes forgotten in tech hubs like Silicon Valley, where all flavors of investors are willing to plow billions into promising companies. They do so because it’s a numbers game to them. They know that for every ten losers, one of their investments will take off. And if you believe conventional wisdom, you need to spend money to make money.

Heinz Tomato Ketchup faces Challenges Low Content of Product in Israel

Rival ketchup maker Osem, the top selling brand in Israel, had said the Heinz product did not have sufficient tomato content to be called ketchup.

 

In January Osem said it had Heinz ketchup tested and found it contained 21% tomato concentrate. Israel requires ketchup to have 41% tomato concentrate.

Honda recalls more Ccars with Takata Airbags

Japanese- At least eight deaths - all in Honda cars - have been linked to the airbag inflator, which can deploy with too much force spraying metal shrapnel.

Globally, tens of millions of cars with Takata airbags have been recalled since 2008, most of them in the US.

 

Other brands that have issued recalls include Nissan, General Motors and BMW.

But Honda, the number three carmaker in Japan, has been hardest hit with 24.5 million cars recalled - more than half of the global total.

A Honda spokesman in Tokyo told AFP news agency on Thursday that the carmaker had found some airbag inflators had "uneven gas density, which we worry could do some harm".

"It is a preventive measure and unlike other normal recalls we are not waiting for the full results of the research," he said.

Honda is recalling about 1.63 million cars in Japan alone. The carmaker told the Reuters news agency that North America was not included in the latest recall.

Nissan incident

Sexy Star Scott Eastwood sturms Davidoff Cool Water Advertisements

 

Scott Eastwood for Davidoff Cool Water

"With Samsung Investment" Eye-tracking Fove headset add more functional Products.

The Fove headset lets users focus on specific areas of a scene and aim computer game weapons using just their eyes.

 

The device reached its crowdfunding target back in May, just 72 hours after its campaign was launched.

Oil marketers warn Okonjo-Iweala of fuel scarcity

Major oil marketers have warned that fuel scarcity may linger for a while as the federal government has not paid what it owes marketers who imported fuel into the country. 

Africa to see the Largest increase in e-payments between now and 2016 – Visa

Visa, an international electronic payment company, sponsored the Prepaid Summit Middle East event for the sixth consecutive year in 2015. The event was held in Dubai. Uniting over 150 leading participants, the conference is a regional standard for the electronic payments industry.

After the awards ceremony, UBA Cameroon was crowned the winner of the “Prepaid Innovative Product of the Year” award for its innovative “Cobranded Student ID Visa Prepaid” concept, which aims to provide universities and students with a multi-function Visa card.