Effective:

January,2009

Materials for any given edition must reached us  FIFTEEN DAYS PRIOR TO PUBLICATION DATE.

                     RATES
                  PRODUCTS

Full Page (ROP)

N 540,000

Centrespread

N 1,130,000

Inside Front Cover

N 645,000

Page 3

N 645,000

Inside Back Cover

N 585,000

Outside Back Cover

N 815,000

Front Cover Wrap (FCW)

N 1,066,000

Half Page

N 350,000

Quarter Page

N 240,000

Special Front Page Placements:

a.   2’’x 2’’ Bottom Strip

N 580,000

b.   4’’x  2’’ Bottom Strip

N 800,000

c.   8’’ x  2’’ Bottom Strip

N 1,650,000

SPECIAL PLACEMENTS:

Special Report ( Minimum of  8 Pages, and multiples of 8 thereof. Maximum per edition 24 pages (ROP) @ N550,000 per page

PHOTOSPLASH:

Single page:

N 590,000

(plus 20% handling charges)

Double spread ( centre)

N 1,140,000

(plus 20% handling charges)

Double spread (ROP)

N 1,135,000

(plus 20% handling charges)

TERMS AND CONDITIONS FOR THIS AND EVERY ADVERTISEMENT CONTRACT:

Insertions less than 6 do not qualify for any Volume Discount. Volume Discount only applies for insertions from 6 and above ,as follows:6-11 insertions= 5%; 12 – 17 insertions = 10%; 18 – 23 insertions = 15%; 24 insertions, above = 20%

* Volume Discounts only apply when booking is done in multiples of insertions stated above and payment is made in full or at least 75 % in advance. Companies/Agencies deducting  With – Holding Tax MUST forward to our office applicable receipt(s) from the FIRS within 2 month of the deduction(s),failure which we shall write directly to the FIRS to report the defaulting company/agency. All rates are exclusive of 5% VAT .Payment in draft/cheque to be made payable to : BELMANG LTD.

COMMISSION FOR ADVERTISING AGENCIES & CREDIT POLICY:
A standard Agency Commission of 15% as stipulated by the NPAN is allowed for every insertion by Advert Agencies PROVIDED however that the said Agencies shall pay for the Adverts within 30 days of publication and presentation of invoice. Agencies which fail to remit monies within 30 days but do so within 60 will get only 10% Commission; those paying  after 60 days but within 90 days will get only 5% commission .while those paying after 90 days but within  120 days get no commission at all. Agencies that owe beyond 120 days will be charged interest on the amount outstanding at the prevailing CBN interest rates. Agencies are to take note of this policy/provision as it will be strictly enforced. Rates are subject to change without prior notice.