Annual Report 2015

Total Page:16

File Type:pdf, Size:1020Kb

Annual Report 2015 Stanbic IBTC Holdings PLC Annual report 2015 Helping to write the next chapter in Nigeria’s future Stanbic IBTC Annual group financial statements for the year ended 31 December 2015 Overview Business review Annual report & financial statements Other information 1 Annual report 2015 Contents 4 Our vision and values Overview 6 Corporate profile 8 Our network 10 Recognition 14 Chairman’s statement 16 Chief executive’s statement Business review 19 Economic review 23 Financial review 36 Executive committee 39 Personal and Business Banking 40 Case study: Grand Oak Limited 42 Case study: Petromarine Nigeria Limited 45 Corporate and Investment Banking 48 Case study: ECP Africa 49 Case study: Hygeia Nigeria Limited 51 Wealth 56 Abridged sustainability report 59 Enterprise risk review 92 Board of directors Annual report & 94 Directors’ report 100 Statement of directors’ responsibility 101 Corporate governance report financial statements 116 Report of the audit committee 118 Statement of financial position 120 Statement of profit or loss 126 Statement of cash flows 127 Notes to the annual financial statements 229 Annexure A 230 Annexure B 234 Management team Other information 238 Branch network 243 Contact information Stanbic IBTC Annual group financial statements for the year ended 31 December 2015 Overview Business review Annual report & financial statements Other information 2 Overview 3 Overview In this chapter 4 Our vision and values 6 Corporate profile 8 Our network 10 Recognition Consolidating our country’s core strengths has allowed Stanbic IBTC to reinforce resilient channels of investment and build on new areas of investment to progress. Dangote Cement Plc The largest cement plant in Sub-Saharan Africa, Stanbic IBTC advised and facilitated the merger of Nigeria’s major cement producing entities. At the time, this new entity was the biggest ever listing on the NSE, representing 25% of the NSE’s total market capitalisation. Stanbic IBTC Annual group financial statements for the year ended 31 December 2015 Overview Business review Annual report & financial statements Other information 4 Overview 5 Our vision and values To be the leading end-to-end financial solutions provider in Nigeria through innovative and customer-focused people. The values that underpin our strategy Serving our Growing Delivering to Being Working Constantly raising Respecting Upholding the highest customers our people our shareholders proactive in teams the bar each other levels of integrity We do everything in our We encourage and help our We understand that we earn We strive to stay ahead by We, and all aspects of our We have confidence in our We have the highest regard Our entire business model power to ensure that we people to develop to their the right to exist by providing anticipating rather than work, are interdependent. ability to achieve ambitious for the dignity of all people. is based on trust and provide our clients with full potential and measure appropriate long-term reacting, but our actions are We appreciate that, as teams, goals and we celebrate We respect each other and integrity as perceived by our the products, services and our leaders on how well returns to our shareholders. always carefully considered. we can achieve much greater success, but we must never what Stanbic IBTC stands for. stakeholders, especially our solutions to suit their needs, they grow and challenge the We try extremely hard to things than as individuals. allow ourselves to become We recognise that there are clients. provided that everything people they lead. meet our various targets and We value teams within complacent or arrogant. corresponding obligations we do for them is based on deliver on our commitments. and across business units, associated with our individual sound business principles. divisions and countries. rights. Stanbic IBTC Annual group financial statements for the year ended 31 December 2015 Overview Business review Annual report & financial statements Other information 6 Overview 7 Corporate profile Stanbic IBTC was incorporated as on 25 January 2006. On 24 September banks to divest from non-core banking Corporate and Personal and Wealth Investment Banking and Trust Company 2007, IBTC Chartered merged with businesses or adopt a HoldCo structure. Investment Banking (CIB) Business Banking (PBB) Limited (IBTC), a private limited liability Stanbic Bank Nigeria Limited (“Stanbic Under the new structure, the company on 2 February 1989. IBTC Bank”), a wholly owned subsidiary of operating subsidiaries of Stanbic IBTC Total income Total income Total income was granted a merchant banking license Stanbic Africa Holdings Limited (“SAHL”), Holdings PLC are Stanbic IBTC Bank, in February 1989 and commenced which in turn is a subsidiary of Standard Stanbic IBTC Pension Managers Limited, N44.2 billion N29.8 billion N26.6 billion operations on 1 March 1989. IBTC’s Bank Group Limited of South Africa. As Stanbic IBTC Asset Management merchant banking license was converted part of the transaction that resulted in Limited, Stanbic IBTC Trustees Limited, Corporate and investment banking Banking and other financial services Investment management in form to a universal banking license in January the combination of IBTC Chartered and Stanbic IBTC Capital Limited, Stanbic services to government, parastatals, larger to individual customers and small to of asset management, pension fund 2002, pursuant to the universal banking Stanbic Bank, SAHL acquired a majority IBTC Stockbrokers Limited, and Stanbic corporates, financial institutions and medium sized enterprises. administration and trusteeship. guidelines of the CBN. In 2005, IBTC shareholding (53.2%) in the enlarged IBTC Ventures Limited. Stanbic IBTC international counter-parties in Nigeria. became a public company and its shares bank, which was named Stanbic IBTC Nominees Nigeria Limited and Stanbic were listed on The Nigerian Stock Bank PLC. IBTC Bureau de Change Limited are the Exchange. On 8 November 2012, Stanbic IBTC only subsidiaries of Stanbic IBTC Bank. In December 2005, IBTC merged officially adopted a holding company Stanbic IBTC Insurance Brokers was with Chartered Bank PLC and Regent structure in compliance with the incorporated on 29 December 2014 as a Gross revenue Total income Bank Plc and changed its name to IBTC revised regulatory framework by the subsidiary of Stanbic IBTC Holdings PLC. Chartered Bank Plc (“IBTC Chartered”) Central Bank of Nigeria which requires Corporate and Corporate and Corporate structure Investment Banking 51% Investment Banking 44% Personal and Personal and Stanbic IBTC Holdings PLC Business Banking 30% Business Banking 30% Wealth 19% Wealth 26% 99.9% 99.9% 99.9% 70.6% 99.9% Stanbic IBTC Stanbic IBTC Stanbic IBTC Stanbic IBTC Stanbic IBTC Bank PLC Capital Limited Stockbrokers Pension Asset Limited Managers Limited Management 99.9% Limited Stanbic Nominees Gross loans and advances Total deposits Nigeria Limited 99.9% 99.9% 99.9% 99.9% Stanbic IBTC Stanbic IBTC Stanbic IBTC Stanbic IBTC 99.9% Insurance Brokers Ventures Trustees Limited Investments Stanbic IBTC Limited Limited Limited Bureau de Corporate and Corporate and Change Limited Investment Banking 57% Investment Banking 49% Personal and Personal and Business Banking 43% Business Banking 51% Stanbic IBTC Holdings is a full service Standard Bank Group, to which including South Africa, as well as in other financial institution which offers a Stanbic IBTC belongs, is rooted in Africa selected emerging markets. wide range of products to a variety with strategic representation in 20 We uphold high standards of of segments. Stanbic IBTC provides key sub-Saharan countries and other corporate governance and are committed end-to-end financial solutions which emerging markets. Standard Bank has to advancing the principles and practice include corporate and investment been in operation for over 150 years and of sustainable development. Our success banking, personal and business banking, prides itself on being a global bank with and growth over the long term is built on stockbroking, insurance and wealth African roots. The largest African bank making a difference in the communities management. by assets and earnings, it operates in in which we operate. 20 countries on the African continent, Stanbic IBTC Annual group financial statements for the year ended 31 December 2015 Overview Business review Annual report & financial statements Other information 8 Overview 9 Our network Group overview Nigeria overview Market capitalisation R184 billion (US$11.8 billion) Total assets R1,981 billion (US$128 billion) Operating in 20 African countries and 13 countries outside Africa 5 54,000 employees 3 6 13 15 (2,743 in Nigeria) 18 7 1,221 branches (182 in Nigeria) 4 17 1 8,815 ATMs Branches ATMs 9 (504 in Nigeria) 29 Lagos Island 79 Lagos Island 19 33 Lagos Mainland 114 Lagos Mainland 20 31 North Central 80 North Central 12 11 23 North West 60 North West 10 2 33 South 77 South 16 33 South West 94 South West 8 14 1 Angola 6 Ghana 11 Mozambique 16 Swaziland 2 Botswana 7 Kenya 12 Namibia 17 Tanzania 3 Cote d’Ivoire 8 Lesotho 13 Nigeria 18 Uganda 4 DRC 9 Malawi 14 South Africa 19 Zambia 5 Ethiopia 10 Mauritius 15 South Sudan 20 Zimbabwe Stanbic IBTC Annual group financial statements for the year ended 31 December 2015 Overview Business review Annual report & financial statements Other information 10 Overview 11 Recognition 1. Best supranational borrower: 5. Best Dealing Member Firm 9. Best Pension Fund Manager 13. Best Complying Company of the 17.
Recommended publications
  • 18Th International Multidisciplinary Scientific Geoconference (SGEM
    18th International Multidisciplinary Scientific GeoConference (SGEM 2018) Conference Proceedings Volume 18 Albena, Bulgaria 2 - 8 July 2018 Issue 1.1, Part A ISBN: 978-1-5108-7357-5 1/26 Printed from e-media with permission by: Curran Associates, Inc. 57 Morehouse Lane Red Hook, NY 12571 Some format issues inherent in the e-media version may also appear in this print version. Copyright© (2018) by International Multidisciplinary Scientific GeoConferences (SGEM) All rights reserved. Printed by Curran Associates, Inc. (2019) For permission requests, please contact International Multidisciplinary Scientific GeoConferences (SGEM) at the address below. International Multidisciplinary Scientific GeoConferences (SGEM) 51 Alexander Malinov Blvd. fl 4, Office B5 1712 Sofia, Bulgaria Phone: +359 2 405 18 41 Fax: +359 2 405 18 65 [email protected] Additional copies of this publication are available from: Curran Associates, Inc. 57 Morehouse Lane Red Hook, NY 12571 USA Phone: 845-758-0400 Fax: 845-758-2633 Email: [email protected] Web: www.proceedings.com Contents CONFERENCE PROCEEDINGS CONTENTS GEOLOGY 1. A PRELIMINARY EVALUATION OF BULDAN COALS (DENIZLI/WESTERN TURKEY) USING PYROLYSIS AND ORGANIC PETROGRAPHIC INVESTIGATIONS, Assoc. Prof. Dr. Demet Banu KORALAY, Zuhal Gedik VURAL, Pamukkale University, Turkey ..................................................... 3 2. ANCIENT MIDDLE-CARBONIFEROUS FLORA OF THE ORULGAN RANGE (NORTHERN VERKHOYANSK) AND JUSTIFICATION OF AGE BYLYKAT FORMATION, Mr. A.N. Kilyasov, Diamond and Precious Metal Geology Institute, Siberian Branch of the Russian Academy of Sciences (DPMGI SB RAS), Russia ................................................................................................................... 11 3. BARIUM PHLOGOPITE FROM KIMBERLITE PIPES OF CENTRAL YAKUTIA, Nikolay Oparin, Ph.D. Oleg Oleinikov, Institute of Geology of Diamond and Noble Metals SB RAS, Russia ................................................................................
    [Show full text]
  • S/No Placement 1
    S/NO PLACEMENT ADO - ODO/OTA LOCAL GOVERNMENT SECRETARIAT, SANGO - OTA, OGUN 1 STATE AGEGE LOCAL GOVERNMENT, BALOGUN STREET, MATERNITY, SANGO, 2 AGEGE, LAGOS STATE 3 AHMAD AL-IMAM NIG. LTD., NO 27, ZULU GAMBARI RD., ILORIN 4 AKTEM TECHNOLOGY, ILORIN, KWARA STATE 5 ALLAMIT NIG. LTD., IBADAN, OYO STATE 6 AMOULA VENTURES LTD., IKEJA, LAGOS STATE CALVERTON HELICOPTERS, 2, PRINCE KAYODE, AKINGBADE CLOSE, 7 VICTORIA ISLAND, LAGOS STATE CHI-FARM LTD., KM 20, IBADAN/LAGOS EXPRESSWAY, AJANLA, IBADAN, 8 OYO STATE CHINA CIVIL ENGINEERING CONSTRUCTION CORPORATION (CCECC), KM 3, 9 ABEOKUTA/LAGOS EXPRESSWAY, OLOMO - ORE, OGUN STATE COCOA RESEARCH INSTITUTE OF NIGERIA (CRIN), KM 14, IJEBU ODE ROAD, 10 IDI - AYANRE, IBADAN, OYO STATE COKER AGUDA LOCAL COUNCIL, 19/29, THOMAS ANIMASAUN STREET, 11 AGUDA, SURULERE, LAGOS STATE CYBERSPACE NETWORK LTD.,33 SAKA TIINUBU STREET. VICTORIA ISLAND, 12 LAGOS STATE DE KOOLAR NIGERIA LTD.,PLOT 14, HAKEEM BALOGUN STREET, OPP. 13 TECHNICAL COLLEGE, AGIDINGBI, IKEJA, LAGOS STATE DEPARTMENT OF PETROLEUM RESOURCES, 11, NUPE ROAD, OFF AHMAN 14 PATEGI ROAD, G.R.A, ILORIN, KWARA STATE DOLIGERIA BIOSYSTEMS NIGERIA LTD, 1, AFFAN COMPLEX, 1, OLD JEBBA 15 ROAD, ILORIN, KWARA STATE ESFOOS STEEL CONSTRUCTION COMPANY, OPP. SDP, OLD IFE ROAD, 16 AKINFENWA, EGBEDA, IBADAN, OYO STATE 17 FABIS FARMS NIGERIA LTD., ILORIN, KWARA STATE FEDERAL AIRPORT AUTHORITY, MURTALA MOHAMMED AIRPORT, IKEJA, 18 LAGOS STATE FEDERAL INSTITUTE OF INDUSTRIAL RESEARCH OSHODI (FIIRO), 3, FIIRO 19 ROAD, OFF CAPPA BUS STOP, AGEGE MOTOR ROAD, OSHODI, LAGOS FEDERAL MINISTRY OF AGRICULTURE & RURAL DEVELOPMENT, FOOD & STRATEGIC GRAINS RESERVE DEPARTMENT (FRSD) SILO COMPLEX, KWANA 20 WAYA, YOLA, ADAMAWA STATE 21 FRESH COUNTRY CHICKEN ENTERPRISES, SHONGA, KWARA STATE 22 GOLDEN PENNY FLOUR MILLLS, APAPA WHARF, APAPA, LAGOS STATE HURLAG TECHNOLOGIES, 7, LADIPO OLUWOLE STREET, OFF ADENIYI JONES 23 AVENUE, IKEJA, LAGOS STATE 24 IBN DEND, FARM, KM.
    [Show full text]
  • Leading Change in Emerging Health Markets L
    Making Global Connections LeadingL Change in Emerging Health Markets GlobalGl private health care conference Speakers and Moderators Dr. Iain Barton Managing Director Imperial Health Sciences Imperial acquired the Health Sciences businesses of RTT in 2013. Iain Barton joined the group in 2000 as Strategic Director, before moving to the healthcare division as CEO in 2005. On assuming the Group CEO role in 2010, Iain led the unbundling of the specialized healthcare operations across Africa and their acquisition by Imperial in 2013. With ten years in medical practice and more than a decade in healthcare supply chain management, Iain’s unique skill set matches Imperial’s core values of international standard service and customer focus. In addition, Iain’s experience in Development Aid strategy and specifically his involvement in the planning and operations of the supply chain management system (SCMS) for the US Government’s PEPFAR initiative, provide a secure foundation for IHS’s African business development plans. Heading Africa’s leading healthcare supply chain partner, Iain’s professional standards and industry understanding are showing dividends in business growth, service integrity and client loyalty for Imperial. Jin-Yong Cai Executive Vice President and CEO International Finance Corporation Jin-Yong Cai is the Executive Vice President and CEO of IFC. Prior to accepting this appointment, Jin-Yong served as Participating Managing Director in Goldman Sachs Group and Chief Executive of Goldman Sachs Gao Hua. In this capacity, he has gathered a wealth of experience working with various financial products, and has a proven track record managing highly complex business transactions, demonstrating sound judgment on risk, and forging deep relationships with clients in both developed and developing markets across the globe.
    [Show full text]
  • Petry-Pr 1..19
    the cambridge history of egypt volume 1 Islamic Egypt, 640±1517 Nn Volume 1 of the cambridge history of egypt addresses the period from the Arab invasion in 640 to the Ottoman conquest of 1517. The volume opens with a discussion of the preceding centuries to illustrate the legacy of ancient Egypt, and then progresses chronologically according to the major dynastic episodes. While the focus of the volume is not restricted to politics, questions of political process and changes in regime are interpreted by the relevant experts in the light of recent research. Authors have been encouraged to conceptualize their topics around a variety of rubrics including communal interaction, ®nancial development, diplomatic relations, and religious trends. carl f. petry is Professor of History at Northwestern University, Evanston, Illinois. His research has focused on pre- modern Egypt, and his publications include Protectors or Prae- torians? The Last Mamluk Sultans and Egypt's Waning as a Great Power (1994), Twilight of Majesty: The Reigns of al- Ashraf Qaytbay and Qansuh al-Ghawri in Egypt (1993), and The Civilian Elite of Cairo in the Later Middle Ages (1981). the cambridge history of egypt General editor m. w. daly Kettering University, Michigan Nn the cambridge history of egypt offers the ®rst com- prehensive English-language treatment of Egyptian history through thirteen centuries, from the Arab conquest to the end of the twentieth century. The two-volume survey, written by inter- national experts, considers the political, socio-economic and cultural history of the world's oldest state, summarizing the debates and providing insight into current controversies.
    [Show full text]
  • Odo/Ota Local Government Secretariat, Sango - Agric
    S/NO PLACEMENT DEPARTMENT ADO - ODO/OTA LOCAL GOVERNMENT SECRETARIAT, SANGO - AGRIC. & BIO. ENGINEERING 1 OTA, OGUN STATE AGEGE LOCAL GOVERNMENT, BALOGUN STREET, MATERNITY, AGRIC. & BIO. ENGINEERING 2 SANGO, AGEGE, LAGOS STATE AHMAD AL-IMAM NIG. LTD., NO 27, ZULU GAMBARI RD., ILORIN AGRIC. & BIO. ENGINEERING 3 4 AKTEM TECHNOLOGY, ILORIN, KWARA STATE AGRIC. & BIO. ENGINEERING 5 ALLAMIT NIG. LTD., IBADAN, OYO STATE AGRIC. & BIO. ENGINEERING 6 AMOULA VENTURES LTD., IKEJA, LAGOS STATE AGRIC. & BIO. ENGINEERING CALVERTON HELICOPTERS, 2, PRINCE KAYODE, AKINGBADE MECHANICAL ENGINEERING 7 CLOSE, VICTORIA ISLAND, LAGOS STATE CHI-FARM LTD., KM 20, IBADAN/LAGOS EXPRESSWAY, AJANLA, AGRIC. & BIO. ENGINEERING 8 IBADAN, OYO STATE CHINA CIVIL ENGINEERING CONSTRUCTION CORPORATION (CCECC), KM 3, ABEOKUTA/LAGOS EXPRESSWAY, OLOMO - ORE, AGRIC. & BIO. ENGINEERING 9 OGUN STATE COCOA RESEARCH INSTITUTE OF NIGERIA (CRIN), KM 14, IJEBU AGRIC. & BIO. ENGINEERING 10 ODE ROAD, IDI - AYANRE, IBADAN, OYO STATE COKER AGUDA LOCAL COUNCIL, 19/29, THOMAS ANIMASAUN AGRIC. & BIO. ENGINEERING 11 STREET, AGUDA, SURULERE, LAGOS STATE CYBERSPACE NETWORK LTD.,33 SAKA TIINUBU STREET. AGRIC. & BIO. ENGINEERING 12 VICTORIA ISLAND, LAGOS STATE DE KOOLAR NIGERIA LTD.,PLOT 14, HAKEEM BALOGUN STREET, AGRIC. & BIO. ENGINEERING OPP. TECHNICAL COLLEGE, AGIDINGBI, IKEJA, LAGOS STATE 13 DEPARTMENT OF PETROLEUM RESOURCES, 11, NUPE ROAD, OFF AGRIC. & BIO. ENGINEERING 14 AHMAN PATEGI ROAD, G.R.A, ILORIN, KWARA STATE DOLIGERIA BIOSYSTEMS NIGERIA LTD, 1, AFFAN COMPLEX, 1, AGRIC. & BIO. ENGINEERING 15 OLD JEBBA ROAD, ILORIN, KWARA STATE Page 1 SIWES PLACEMENT COMPANIES & ADDRESSES.xlsx S/NO PLACEMENT DEPARTMENT ESFOOS STEEL CONSTRUCTION COMPANY, OPP. SDP, OLD IFE AGRIC. & BIO. ENGINEERING 16 ROAD, AKINFENWA, EGBEDA, IBADAN, OYO STATE 17 FABIS FARMS NIGERIA LTD., ILORIN, KWARA STATE AGRIC.
    [Show full text]
  • A Plain Introduction to the Criticism of the New Testament, Vol. II
    The Project Gutenberg EBook of A Plain Introduction to the Criticism of the New Testament, Vol. II. by Frederick Henry Ambrose Scrivener This eBook is for the use of anyone anywhere at no cost and with almost no restrictions whatsoever. You may copy it, give it away or re-use it under the terms of the Project Gutenberg License included with this eBook or online at http://www.gutenberg.org/license Title: A Plain Introduction to the Criticism of the New Testament, Vol. II. Author: Frederick Henry Ambrose Scrivener Release Date: June 28, 2011 [Ebook 36549] Language: English ***START OF THE PROJECT GUTENBERG EBOOK A PLAIN INTRODUCTION TO THE CRITICISM OF THE NEW TESTAMENT, VOL. II.*** A Plain Introduction to the Criticism of the New Testament For the Use of Biblical Students By The Late Frederick Henry Ambrose Scrivener M.A., D.C.L., LL.D. Prebendary of Exeter, Vicar of Hendon Fourth Edition, Edited by The Rev. Edward Miller, M.A. Formerly Fellow and Tutor of New College, Oxford Vol. II. George Bell & Sons, York Street, Covent Garden London, New York, and Cambridge 1894 Contents Chapter I. Ancient Versions. .3 Chapter II. Syriac Versions. .8 Chapter III. The Latin Versions. 53 Chapter IV. Egyptian Or Coptic Versions. 124 Chapter V. The Other Versions Of The New Testament. 192 Chapter VI. On The Citations From The Greek New Tes- tament Or Its Versions Made By Early Ecclesiastical Writers, Especially By The Christian Fathers. 218 Chapter VII. Printed Editions and Critical Editions. 231 Chapter VIII. Internal Evidence. 314 Chapter IX. History Of The Text.
    [Show full text]
  • Landscapes of the Bashmur Settlements and Monasteries in the Northern Egyptian Delta from the Seventh to the Ninth Century
    Landscapes of the Bashmur Settlements and Monasteries in the Northern Egyptian Delta from the Seventh to the Ninth Century PENELOPE WILSON 1. Introduction The protective Delta marshes are a powerful motif of Egyptian religious and historical stories. From Isis attempting to keep Horus safe from Seth, Psamtek hiding from the Assyrians, the boukoloi of the Mendesian nome1 and the Bashmurites using the trackless marshes from which to resist the Arab tax collectors,2 the marshes of the Delta have traditionally offered a safe haven from persecution of different kinds. After the Bashmurite insurgency of 831 A.D., settlements and churches in the area were destroyed to remove the possibility of further revolts. Little is known, however, of the extent or nature of settlement in this area from the seventh to the ninth century or of the way of life in the remote areas at the apex of the Delta. Recent survey work, however, has begun to record information about the ancient sites which lie north of, inside and along 1 BLOUIN, 2014, p. 285–295. 2 EVETTS, 1906–1915, III, p. 157, p. 487–494; KENNEDY, 1998, p. 83–84; MIkhAIL, 2014, p. 118–127. 345 Penelope Wilson the southern fringe of Lake Burullus.3 This paper describes some of those sites4 in order to put the archaeological material obtained so far into the wider context of the landscapes of the north Delta and the political and social upheavals of the two centuries after the Arab invasion of Egypt. This preliminary discussion has the objective of demonstrating the potential of the archaeology of the area to explore the relationships between the towns and the environment, the settled and the wilderness and, despite a lack of papyrological or textual evidence, to illuminate the material culture and history of the north Delta.
    [Show full text]
  • Bashmuric | 1 Downloaded from Coptic-Wiki.Org BASHMURIC The
    Bashmuric | 1 BASHMURIC The history of the Bashmuric dialect is in large measure that of a “phantom dialect.” Coptic Egypt had many more dialects than modern science has been able to identify from the texts discovered; but some of these never reached the literary stage. Others did (perhaps poorly enough), but none of their witnesses has been found as yet. Hence, they are as good as completely lost. Such might have been the fate of Bashmuric it if had not been saved from oblivion by a Coptic grammarian of the fourteenth century (Garitte), Athanasius of Qus, who wrote in Arabic as follows (cf. Scala copte 44 in the National Library, Paris, p.154, left column, 11. 14-22, translated. W. Vychichl; cf. Kasser, 1975, p.403): … and you know that the Coptic language is distributed over three regions, among them the Coptic of Misr which is the Sahidic, the Bohairic Coptic known by the Bohaira, and the Bashmuric Coptic used in the country of Bashmur, as you know; now the Bohairic Coptic and the Sahidic Coptic are (alone still) used, and they are in origin a single language. The first scholars who in the seventeenth century set themselves to the serious study of Coptic had at their disposal only an extremely limited documentation—above all, Bohairic texts, some Sahidic, and Fayyumic texts in even smaller number. Hence, they had before their eyes three Coptic idioms or “dialects,” and they knew the text of Athanasius of Qus, who also spoke of three Coptic “dialects” and indicated their names and their location.
    [Show full text]
  • Sunnewsonline.Com
    SUNNEWSONLINE.COM Lagoon Hospitals blazes trail with JCI accreditation By AZOMA CHIKWE Tuesday, May 24, 2011 Lagoon Hospitals have become the 1st hospitals in Sub-Saharan Africa to earn accreditation from Joint Commission International (JCI), the worldwide leader in improving the quality of healthcare. JCI’s on-site evaluation of Lagoon Hospitals occurred in April 2011 and was conducted by a team of international health care experts. The commission whose mission is to improve the quality of care in the international community through its provision of accreditation and L-R: Mrs Fola Laoye, GMD, Lagoon consultation services has accredited over 200 Hospital, Dr David Bayogbona, Dr organizations around the world; its sister Folabi Osunkoya, Prof. E. A. organization, Joint Commission on Accreditation Elebute, Chairman, Hygeia Group of Healthcare Organization (JCAHO) is the Gold and Dr Jibike Oyewunmi during the Standard for hospitals in the United States. In presentation of the JCI certificates 2015, JCI and HCAHO were designated as the Photo: Sun News Publishing World Health Organization (WHO) Collaborating More Stories on This Section Centre for Patient Safety Solutions. “Health care organizations around the world want to create environments that focus on quality, safety and continuous improvement,” says Paula Wilson, President and Chief Executive Officer, JCI. “Accreditation meets this demand by stimulating continuous, systematic improvements in an organization’s performance and the outcomes of patient care. The citizens of Nigeria should be proud that Lagoon Hospitals has made a commitment to quality and safety.” “We sought accreditation because we want to provide the best care possible for our patients,” and we are excited to be the first in sub-Saharan Africa to be accredited” says Hygeia Group Managing Director, Mrs.
    [Show full text]
  • The Nile: Natural and Cultural Landscape in Egypt
    Harco Willems, Jan-Michael Dahms (eds.) The Nile: Natural and Cultural Landscape in Egypt Mainz Historical Cultural Sciences | Volume 36 Editorial The Mainzer Historische Kulturwissenschaften [Mainz Historical Cultural Sciences] series publishes the results of research that develops methods and theories of cultural sciences in connection with empirical research. The central approach is a historical perspective on cultural sciences, whereby both epochs and regions can differ widely and be treated in an all-embracing manner from time to time. Amongst other, the series brings together research approaches in archaeology, art history, visual studies, literary studies, philosophy, and history, and is open for contributions on the history of knowledge, political culture, the history of perceptions, experiences and life-worlds, as well as other fields of research with a historical cultural scientific orientation. The objective of the Mainzer Historische Kulturwissenschaften series is to be- come a platform for pioneering works and current discussions in the field of historical cultural sciences. The series is edited by the Co-ordinating Committee of the Research Unit His- torical Cultural Sciences (HKW) at the Johannes Gutenberg University Mainz. Harco Willems, Jan-Michael Dahms (eds.) The Nile: Natural and Cultural Landscape in Egypt The print was sponsored by the Research Unit Historical Cultural Sciences (HKW). Additional support in the printing costs was supplied by the Dayr al-Barsha pro- ject of KU Leuven. An electronic version of this book is freely available, thanks to the support of libraries working with Knowledge Unlatched. KU is a collaborative ini- tiative designed to make high quality books Open Access for the public good.
    [Show full text]
  • Ebix Signs Deal with Nigerian HMO
    Print Article http://www.indusbusinessjournal.com/ME2/Segments/Publications/Print.... Issue Date: July 2010, Posted On: 7/15/2010 Ebix signs deal with Nigerian HMO ATLANTA -- Ebix Inc., a supplier of software and e-commerce services to the insurance industry, has signed a contract with Hygeia HMO, one of the largest health maintenance organizations in Nigeria, to implement its managed health-care information administration system. Hygeia HMO is one of 62 Health HMOs in Nigeria. It has a nationwide network encompassing hundreds of hospitals and clinics that are contracted to work with it. The HMO also operates a flagship hospital, Lagoon Hospitals in various cities including Apapa, Ikeja and Victoria Island, Lagos. The contract with Ebix involves Ebix providing the entire back office managed health-care information administration system for Hygeia. The Ebix system will enable Hygeia to not only automate their operations nationwide and position them for growth, but also provide much needed connectivity with the National Health Insurance Scheme for both regulatory and automation purposes, according to the company. "We are committed to fulfilling our mission of being the first choice for health-care solutions of international standard in Nigeria. We wanted a partner who could deliver proven world-class cutting edge technology to drive our efforts to automate our health-care administration," said Kola Awokoya, Hygeia HMO managing director. "Ebix was a natural choice to power our automation efforts since it provided us with the right blend of proven systems, technology excellence and a commitment to service the African health-care markets." "We are excited to be chosen by one of the largest and most prominent HMOs in Nigeria for its back office needs.
    [Show full text]
  • Cardiovascular Disease Prevention in Rural Nigeria in the Context of A
    Hendriks et al. BMC Public Health 2011, 11:186 http://www.biomedcentral.com/1471-2458/11/186 STUDYPROTOCOL Open Access Cardiovascular disease prevention in rural Nigeria in the context of a community based health insurance scheme: QUality Improvement Cardiovascular care Kwara-I (QUICK-I) Marleen Hendriks1,2*, Lizzy Brewster3, Ferdinand Wit1, Oladimeji Akeem Bolarinwa4, Aina Olufemi Odusola1,5, William Redekop6, Navin Bindraban7, Albert Vollaard8, Shade Alli9, Peju Adenusi10, Kayode Agbede11, Tanimola Akande4, Joep Lange1 and Constance Schultsz1,12 Abstract Background: Cardiovascular diseases (CVD) are a leading contributor to the burden of disease in low- and middle- income countries. Guidelines for CVD prevention care in low resource settings have been developed but little information is available on strategies to implement this care. A community health insurance program might be used to improve patients’ access to care. The operational research project “QUality Improvement Cardiovascular care Kwara - I (QUICK-I)” aims to assess the feasibility of CVD prevention care in rural Nigeria, according to international guidelines, in the context of a community based health insurance scheme. Methods/Design: Design: prospective observational hospital based cohort study. Setting: a primary health care centre in rural Nigeria. Study population: 300 patients at risk for development of CVD (patients with hypertension, diabetes, renal disease or established CVD) who are enrolled in the Hygeia Community Health Plan. Measurements: demographic and socio- economic data, physical and laboratory examination, CVD risk profile including screening for target organ damage. Measurements will be done at 3 month intervals during 1 year. Direct and indirect costs of CVD prevention care will be estimated.
    [Show full text]