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Marriott Hotels Debuts in Nigeria With Opening of Lagos Marriott Hotel Ikeja

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Marriott Hotels, the signature of Marriott Bonvoy’s portfolio of 30 extraordinary brands, today announced its debut in Nigeria with the opening of the highly anticipated Lagos Marriott Hotel Ikeja. The hotel reflects the newest global design vision for Marriott Hotels, featuring sophisticated and intuitively designed spaces for today’s modern traveller, enabling guests to relax, work and find inspiration during their stay.

“We are excited to have opened the Lagos Marriott Hotel Ikeja, bringing Marriott Hotels’ transformed vision to Nigeria,” said Volker Heiden, Area Vice President – Sub Saharan Africa, Marriott International. “Lagos is a vibrant and bustling city with much to see and do for leisure and business travellers. What better place to debut the Marriott Hotels brand in Nigeria with its thoughtful service and intuitive spaces that enable guests to be inspired during their stay.”

Lagos Marriott Hotel Ikeja offers 206 guestrooms and 44 suites each with expansive views of the city. The spacious guestrooms are thoughtfully designed with contemporary décor and intuitive in-room amenities.  Natural colours, crisp lines, purposeful lighting and comfortable bedding create an intimate and peaceful space for guests to get into their best headspace for success. Deluxe walk-in showers and spa-like lighting complete the relaxed experience throughout the room.  In line with Marriott Hotels’ newest global design strategy, local accents add a sense of place to the sleek aesthetic. Open workspaces allow for flexibility to connect anytime.

The Greatroom at the heart of the hotel blends modern elements with local touches inspired by Nigeria’s rich heritage and traditional crafts. The multi-use space is designed for guest to socialise, relax and work.

The M Club is an exclusive space reserved for Elite members and Club paying guests and provides complimentary breakfast, evening drinks, hors d’oeuvres and premium beverages throughout the day. The M Club also offers the brand’s signature Mind Menu, a selection of delicious snacks and beverages with active ingredients to enhance mind and body. Accessible 24 hours a day, seven days a week, the M Club provides free Wi-Fi, printing services and power supplies to ensure uninterrupted productivity for business travelers.

Guests can relax in the hotel’s tranquil spa offering rejuvenating and restorative treatments, steam rooms and saunas.  Guests seeking to stay active during their stay can enjoy complimentary fitness classes at the Fitness Center, and make use of the state-of-the-art fitness equipment and outdoor pool.

Lagos Marriott Hotel Ikeja caters to small and large-scale events with 1,380 square metres of sophisticated event space, including the largest ballroom in Ikeja.  The hotel offers six breakout rooms and nine event rooms. The meeting spaces can be adapted to cater to a variety of event formats and group sizes, with pivotable walls, moveable partitions, soft seating and modular furniture. Ideas are easily captured with tech-savvy tools such as rewritable surfaces, magnetic panels and shared-screen technology to support productivity and collaboration.

The hotel boasts a diverse selection of restaurants offering regional and international cuisine. The Azure Grill Restaurant, with stunning views of the pool terrace, serves a variety of dishes cooked to perfection on an authentic charcoal grill. The WAKAME specializes in Asian-Fusion cuisine originating from China, Japan, Thailand and Northern Indian. The Koriko & Co is an all-day dining buffet restaurant featuring international favourites and live cooking stations.

Lagos Marriott Hotel Ikeja is located in the heart of Lagos, just 15 minutes from the Murtala Muhammed International airport and a short distance to the third main land bridge providing easy access to the other side of the Ikeja. The hotel is in close proximity to the city’s main attractions, leisure facilities and shopping malls including the Ikeja City Mall. The hotel also shares its area with The Shrine and Motherland – two globally acclaimed African music entertainment hubs.

“We are exciting to welcome local residents and travellers to our inspiring space and look forward to creating experiences that nurture their creativity,” said Rudi Janse van Rensburg, General Manager, Lagos Marriott Hotel Ikeja. “Guests at Lagos Marriott Hotel Ikeja will be able to free themselves of distractions when they step into our hotel, allowing them to focus solely on being the best they can be.”

To celebrate the opening of the Lagos Marriott Hotel Ikeja, the property launched a special Stay and Dine offer. For details, visit: https://bit.ly/3v8Nz8C.

Guests of the hotel can enroll in Marriott International’s global travel program, Marriott Bonvoy and enjoy more value, more choice and more access across the 30 brands within the portfolio. Existing members can enjoy their member benefits at this exciting new hotel.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Business

NCDMB and NEXIM Sign $30 Million Agreement to Support Oil and Gas Services Firms

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The Nigerian Content Development Monitoring Board (NCDMB) and the Nigerian Export-Import Bank (NEXIM) yesterday signed a $30 million agreement on working capital and capacity building fund to support oil and gas services firms.

Simbi Wabote, Executive Secretary, NCDMB and Managing Director, NEXIM Bank, Abba Bello, signed the funding agreement at the Abuja office of the Nigerian content monitoring agency.

Wabote said the Oil Producers Trade Section, Independent Petroleum Producers Group and Petroleum Technology Association of Nigeria had raised concerns over funding challenges confronting oil services firms, as this had made most of the companies to consider downsizing their staff.

He said, “The OPTS and IPPG had at some point raised before the NCDMB the inability of most indigenous contractors to provide services to them due to challenges of funding.

“This was especially when we got struck by the COVID-19 pandemic. I recall receiving several letters particularly from IPPG trying to see how we can support this.”

He added, “I also recall receiving similar letters from PETAN when the COVID-19 struck and most of their members had nothing to do anymore.

“This is because companies were shut down and their members were threatening on how to downsize and take Nigerians off their payrolls.

“Based on this, we then set up a committee to say how do we support these firms with the provision of working capital.”

Wabote noted the roll-out date for the fund would be July 1, 2021 and that the fund size of $30m would be boosted by matching funds of the same amount to be provided by NEXIM in naira (to be converted at prevailing official exchange rate).

“The scheme shall cover loans for working capital support and capacity building, oil service contracts, invoice discounting including acquisition of low-end equipment to service short-term contracts/service obligations,” he stated.

He said the target market comprised Nigerian oil service providers which belonged to a professional association in the Nigerian oil and gas industry and commercially viable with a business relationship with either an international oil company or a major Nigerian oil firm.

“Maximum amount that can be borrowed by a single obligor is $1m or its naira equivalent at the official exchange rate prevailing at the time of borrowing,” Wabote said.

He added, “Tenor shall be up to 12 months for working capital loans and up to three years for capacity building loans with moratorium of up to 12 months.

“The applicable interest rate shall be five per cent per annum all-in for dollar-denominated loans and eight per cent all-in per annum for naira-denominated loans and the rate shall be fixed throughout the tenor of the loan.”

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Appointments

LivingTrust Mortgage Bank Appoints Mr. Timothy Olorunsogo Gbadeyan as Company’s Secretary

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LivingTrust Mortgage bank has appointed Mr. Timothy Olorunsogo Gbadeyan as company secretary/head of legal services.

The bank disclosed in a statement signed by Ikechukwu Omuku, the Finance Officer/Head, Investor Relations, LivingTrust Mortgage Bank Plc.

The statement reads “We wish to notify The Nigerian Stock Exchange and the investing public of the appointment Mr. Timothy Olorunsogo Gbadeyan as Company Secretary/Head, Legal Services of LivingTrust Mortgage Bank Plc.

“Mr. Gbadeyan is a consummate corporate attorney with experiential background in deals advisory, real estate finance, facioring, general commercial transactions, corporate governance, company secretarial services and regulatory compliance. Until his appointment, he was the Head of Legal Services of Infinity Trust Mortgage Bank Plc.”

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Farmforte, Others Signs MoU To Strengthen and Sustain Growth in Agricultural Sector

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Farmforte Limited has signed a strategic Memorandum of Understanding with the Agricultural Fresh Produce Growers and Exporters Association of Nigeria; HYBR, a pan-African innovation firm; and ALTS, a consulting and strategy development firm.

The firm said in a statement on Sunday that the partnership would strengthen common interest cooperation and stimulate inclusive and sustainable growth within the agricultural sector, by capitalising on the synergy and comparative advantage offered by each organisation.

Speaking during the signing ceremony, Farmforte Co-Chief Executive Officer, Osazuwa Osayi, said, “Our mid to long-term strategic goals are further reaffirmed, as this partnership will facilitate the sharing of knowledge, ideas, and expertise across the agricultural sector.

“We will collectively address initiatives and approaches concerning agricultural investments, food security, and the overall robustness of the value chain.”

He said the collaboration would also unlock the full potential of the sector and place it on a renewed path for success, especially within a post-pandemic economy.

The President of AFGEAN, Tajuddeen Dantata, said, “By creating dialogue and fostering investment in the horticulture sector, this partnership will endeavor to support Farmforte in its exporting efforts by improving operational efficacy and cost-savings, while ultimately driving socio-economic growth in the country.”

The Chief Executive Officer, HYBR, Charles Ojei, said to drive inclusion, sustainability, job creation, and Nigeria’s overall economic growth, the optimisation of the agriculture value chain was critical.

“This collaboration is a fusion of the complementary capabilities of all partners to move a bigger agenda forward.”

The Managing Partner, ALTS, Akintunde Sawyerr, said, “The goal of this partnership is to support Farmforte’s vision of becoming the largest agribusiness by 2035 via scalable and world-class innovation across its enterprise.”

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