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‘Moderate alcohol intake helps elderly to live long’ – Expert

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Moderate alcohol intake through either beer or wine assists the elderly who is 65 years old and above to live longer than their counterparts who do not drink. Tola Atinmo, Professor of Human Nutrition, University of Ibadan; made this declaration during the First Nigerian Beer & Health Symposium which took place at Eko Hotel, Lagos.
Speaking on the topic, “Beer as Part of a Healthy Lifestyle”, Prof. Atinmo said there is evidence that moderate alcohol consumption may be associated with better cognitive function in old age.

Moderate consumption of wine and beer, according to him, reduces the odds of developing age-induced mascular degeneration. His words: “Light to moderate consumption of alcohol reduces the risk of those 65 and older from dying of cardiovascular disease. In fact, low doses of alcohol, including beer, stimulate appetite and promote bowel function in the elderly.”

On the moderate consumption level, the university Don made reference to the suggestion made by the World Health Organization that 60 grams of alcohol consumption per day should be the maximum standard. For a beer of 5% alcohol by volume, which equates to approximately 4% alcohol by weight, Prof. Atinmo said this translates to 1.5 litres.

 

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Pix: The First Nigerian Beer & Health Symposium took place today at Eko Hotel, Lagos. Photo shows L – R Dr Olu Malomo Ag. Head Department of Food Technology, Bells University of Technology, Ota, Ogun State; Mr. Nicolaas Vervelde, Managing Director/CEO, Nigerian Breweries PLC, Professor Bankole Omotosho, Department of Drama, University of Stellenbosch, Cape Town, South Africa and Mr. Tony Agenmonmen, Senior Strategy Manager, Nigerian Breweries Plc at the event.

 

Just like in other food items, he noted that beer also contains some materials that are injurious to health if consumption exceeds certain levels. His words: “The risks become acceptably low provided proper precautions are taken, such safety measures hinging around proper storage conditions in respect of moisture content and temperature.”

On the effects of alcohol consumption on sexual ability by men, Prof. Atinmo stated that excessive intake interferes with the function of the three main components of the male reproductive system: the hypothalamus, the anterior pituitary gland and the testes. The impact, he added, is impotence, infertility and reduced secondary sexual characteristics.

The university Don also warned that women who binge-drink (four or five drinks at one sitting) rather than consume alcohol moderately, e.g. one drink daily; are likely to deliver children with  foetal alcohol syndrome (FAS), in which there are malformations in the child.

Meanwhile, he advised all alcohol consumers not to substitute food and other healthy consumables with beer; to always have a balanced and nutritive diet as part of their lifestyle; as well as have a sustained and adequate physical exercise regime.

Prof. Atinmo added that the practice of good hygiene coupled with frequent medical checks and prompt treatment of diseases or disease pre-disposing factors is compulsory for every consumer of alcohol; stressing: “It is only through the combination of the above that a moderate consumption of beer will yield any benefit and contribute to a healthy lifestyle.”

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Union Bank, WACOT Rice Kick Off Financial Inclusion Drive for Smallholder Farmers in Kebbi

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As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State.
The Kebbi Financial Inclusion Drive (KFID) which will cover four Local Government Areas – Argungu, Augie, Suru, and Dandi – is a critical part of WACOT’s Argungu Outgrower Expansion Project funded by United States Agency for International Development (USAID) West Africa Trade Hub. This program is set to resolve the overwhelming financial inclusion deficit within rural communities in Kebbi.
The financial inclusion initiative is being implemented with technical support from National Identity Management Commission (NIMC), to help the farmers acquire the relevant documentation and identification required to open bank accounts.
Union Bank will facilitate account opening and expand its agency banking network to cover the areas while supporting its agents on ground with digital banking solutions to enable seamless transacting and account management.
Farouk Gumel, Chairman WACOT and Board Chair, Union Bank was on ground in Kebbi State to kick-off the drive and paid a visit to the Kebbi state Governor, Senator Abubakar Atiku Bagudu to discuss expanding the programme state-wide.
In his recent keynote address at the recently concluded and  Chartered Institute of Bankers of Nigeria (CIBN) Conference, Mr. Gumel said:
 “As we work towards achieving financial inclusion to reach the unbanked, we must commit the same resources and investments to rural-local customers as we have done to urban-global clients to help create the growth that will lift us all to collective prosperity.”
WACOT Rice is a subsidiary of TGI Group. TGI Group, through another of its subsidiary Titan Trust Bank, recently acquired Union Bank in a landmark transaction which was announced in 2021.

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FIRSTBANK PARTNERS VERVE INTERNATIONAL, MAKES CUSTOMERS MILLIONAIRES IN THE FIRSTBANK VERVE CARD PROMO

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In partnership with FirstBank – Nigeria’s premier and leading financial inclusion services provider – Verve International, Africa’s leading payment technology and card business, has launched its third National Consumer promo designed to reward users of FirstBank verve card with exciting gifts and cash prizes to appreciate their patronage and use of the card to carry-out their electronic banking transactions.

The ongoing 2-month promo will end on 30 October 2022 as 20 customers (10 customers per month) with the highest transaction count during the promo will be made millionaires, winning the sum of N1 million each. Also, N20,000 will be won by 25 customers monthly.

On the other hand, 2620 FirstBank verve cardholders that double their transactions every week, stand a chance to enjoy 10% cashback capped at N2,000 per customer.

Speaking on the promo Chuma Ezirim, Group Executive, e-Business & Retail Products, FirstBank said “we appreciate our partnership with Verve Card through the years; a partnership of empowerment and opportunities which include growing the economy, supporting new businesses and preventing unemployment. FirstBank verve card holders are encouraged to keep using their cards as it is a card offering that promotes safe, convenient and rewarding digital banking experience with 20 customers standing a chance to be millionaires at the end of the promo.”

Verve card is a secure debit card that allows cardholders to conveniently meet their daily financial needs such as payment for goods and services, airtime recharge, bill payments, funds transfer, etc. Verve card is accepted across all ATMs, POS, Web and Mobile Platforms in Nigeria.

The promo is also opened to new verve cardholders as non-verve cardholders are encouraged to visit the nearest FirstBank branch today to pick up a Verve card and start getting rewarded!

Only recently, FirstBank – in partnership with Verve – rewarded over 2601 FirstBank verve cardholders with various prizes; including N20,000 cash prize, N10,000 cash prize, N10,000 worth of airtime; power generating sets, refrigerator, cooking gas, smart TV and the grand prize of a brand-new car to a lucky winner.

 

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Federal Government Orders University Vice-Chancellors To Reopen Schools, Begin Lectures Amid 7 Months Lecturers’ Strike

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The government issued the directive through the National Universities Commission (NUC), and a letter signed by its Director, Finance and Accounts, Sam Onazi, on behalf of the Executive Secretary of the commission, Professor Abubakar Rasheed.

The Nigerian government has directed vice-chancellors to re-open universities and allow students to resume lectures immediately.

The government issued the directive through the National Universities Commission (NUC), and a letter signed by its Director, Finance and Accounts, Sam Onazi, on behalf of the Executive Secretary of the commission, Professor Abubakar Rasheed.

 

The letter which The PUNCH obtained on Monday, was reportedly addressed to all vice-chancellors; Pro-Chancellors and chairmen of governing councils of federal universities.

 

“Ensure that ASUU members immediately resume/commence lectures; Restore the daily activities and routines of the various University campuses,” the letter partly reads.

We had reported that the National Industrial Court of Nigeria (NICN), on Wednesday, September 21, 2022, ordered the Academic Staff Union of Universities (ASUU) to call off its ongoing nationwide strike.

 

It reported that the umbrella body of the lecturers in public universities had declared a warning strike on February 14, to force the Nigerian Government to implement agreements it earlier signed with the union.

 

The agreement stipulated how university education would be funded for better improvement.

 

The strike has since rolled over and is now in its seventh month following the government’s failure to implement all the agreements.

 

Several meetings between ASUU and the Federal Government have ended in a deadlock.

 

Consequently, the Federal Government went to court to challenge the strike.

 

The government through its counsel, James Igwe, prayed the court for an interlocutory injunction restraining ASUU from taking further steps as regards the strike, pending the determination of the substantive suit.

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