Mouka, Nigeria’s leading manufacturer of mattresses, pillows, and beddings, has expanded its distribution network within the Oyo state metropolis. With the opening of the grand Justrite outlet in the Eleyele area of Ibadan, consumers now have another avenue to experience and purchase Mouka products in a modern and serene atmosphere.

As a special guest, Sola Sobowale, Mouka’s Brand Ambassador, graced the official opening of the Justrite store. After the ribbon cutting ceremony by the management of Justrite Superstores, Dr Ayodele Aderinwale (Chairman), Mrs. Oluwatosin Aderinwale (CEO), and Mrs Omoboye Fejeke (Executive Director, Operations), on Tuesday, 15th of April 2024, consumers trooped into the store to see the impressive assortment of Mouka products.


The Mouka activation area within Justrite Eleyele’s premises attracted both the young and the old. Sola Sobowale was the star attraction, signing autographs and taking pictures with her fans at the Mouka stand. Shoppers did not leave empty-handed, as they received various Mouka-branded gifts courtesy of the company.


Mouka’s National Retail Manager, Mrs Chinwe Remi Lawal, spoke about the event and shared her thoughts on the impressive store opening ceremony. “At Mouka, we are committed to adding comfort to lives by providing top-quality sleep solutions. To achieve this, we also need the support and commitment of our trade partners to ensure our products are readily available at every nook and cranny in every state of the federation. For this reason, we create mutually beneficial and lasting relationships with our partners. Their journey of growth gives us pride as we see ourselves as part of their organization. Justrite is a trusted and outstanding partner of Mouka. We marvel at the heights they have accomplished over the years, evident in what we have witnessed today. The scope of Mouka’s presence here reflects the bond we have established with the Justrite management.”

Mrs. Remi-Lawal extended an invite to those living around Eleyele to visit the Justrite store for a better sleep experience with Mouka.


Mouka is Nigeria’s most widely distributed bedding brand, with over 3,000 branded outlets nationwide. The company is also a proud member of the Dolidol International Group, with its head office in Morocco. Its innovative portfolio includes products such as the Royal Luxury Pillow Top mattress for a 5-star sleep experience; Mouka Bio Pillow, made with biocrystal technology for stress relief; and the Wellbeing Hybrid mattress with an orthopedic half and semi-orthopedic half made for couples with different mattress preferences to enjoy quality sleep together.

SOURCE:https://brandspurng.com/2024/05/01/ibadan-excited-as-sola-sobowale-moukas-brand-ambassador-graces-justrites-store-opening/

The Central Bank of Nigeria (CBN) has barred some microfinance banks, including Moniepoint, Opay and Kuda Bank from opening new accounts and accepting new customers until further notice.


BrandSpur Nigeria understands that the ban was issued following allegations that the fintech banks were being used to funnel cryptocurrency and manipulate the naira’s value.

Sources told Gazette that the CBN deemed the new-account-ban necessary to curb money-laundering activities which have seen the naira again plunge against the dollar in recent days.



However, in a message on its platform on Friday, Moniepoint said it has temporarily paused new sign-ups for intending customers.


It wrote: “Hello! We’ve temporarily paused new sign-ups on our platform.


“This means that you’ll be unable to open a new account at the moment. We apologise for any inconvenience this may cause.”

The naira, as of Monday evening, traded at N1350 against the dollar, which is a regression against the steady climb that the Nigerian currency has made over the past few weeks as it traded to N950 in early April.

Following the drastic depreciation of the naira in February which nearly exchanged at N2000 to a dollar, CBN, in collaboration with anti-graft commission, EFCC, cracked down on Binance and detained its executives Tigran Gambaryan, a U.S. citizen and British-Kenyan Nadeem Anjarwalla over accusations of naira manipulation.

The Nigerian government demanded that Binance release the names of its top 100 users and their transactions to negotiate the release of the detained executives.


SOURCE:https://brandspurng.com/2024/04/30/cbn-bans-opaymoniepointkuda-bank-others-from-onboarding-new-customers/

Nigeria’s internet data usage surged to a record 753,388.77 terabytes (TB) in March 2024, new data from the Nigerian Communications Commission has shown.
This marks an 8.43 percent increase from February (694,804.54 TB) and a return to growth after a recent dip.

The rise is attributed to a significant increase in 4G and 5G subscriptions, reflecting the country’s fast internet capacity. March saw 5G subscriptions reach 2.72 million, while 4G subscriptions climbed to 71.70 million, as 2G and 3G subscriptions continued to decline.



Karl Toriola, the chief executive officer of MTN Nigeria, said recently, “5G has been instrumental towards servicing digitisation; a lot of people are shifting their consumption from traditional voice and circuit switch services to data services…”


This growth also coincides with rising mobile internet subscriptions (163.89 million) and broadband penetration (43.53 percent). Mobile subscriptions fell marginally by 0.31 percent to 219.01 million in March.


Nigeria’s internet usage is at an all-time high, highlighting the country’s increasing dependence on digital services and smartphone penetration. It surged from 353,118.89TB in December 2021 to an average of over 600,000 TB monthly.

The NCC recently attributed this growth to the COVID-19 pandemic, which led to a spike in online activity and smartphone adoption. GSMA recently estimated that smartphone penetration in the country stood at 52 percent in 2022.

Ericsson has predicted that data consumption will continue to rise in Nigeria until 2028, driven by smartphone traffic.

Agreeing, GSMA said, “The increase in data traffic will be driven mainly by the growing usage of data-heavy services, primarily video streaming and online gaming. In Sub-Saharan Africa’s streaming market, where most customers rely on mobile broadband for connectivity, competition is heating up among global streaming providers (e.g., Netflix and Amazon Prime Video) and local providers (e.g., Showmax and Wi-flix).”

SOURCE:https://brandspurng.com/2024/04/28/internet-consumption-in-nigeria-surges-to-2-7m-says-ncc/

Madica, a structured investment program designed for pre-seed stage startups in Africa, announced its first set of investments in three startups today. In line with Madica’s mandate, each startup has received an investment of up to $200,000 and is now a part of Madica’s comprehensive investment program which includes 18 months of dedicated company-building support tailored to the unique needs of each startup.

Madica delivers its support through a highly personalized curriculum, hands-on mentorship, invitations to fully-funded week-long founder immersion trips, executive coaching opportunities, and access to madica’s global network of investors for follow-on funding – all designed to spur growth and ensure the long-term viability of the startups.


Launched in 2022 and affiliated with Flourish Ventures – a global Fintech venture capital firm with purpose, Madica is a sector-agnostic investment program designed to address structural gaps in Africa’s startup ecosystem. The program tackles key challenges such as limited access to capital, a scarcity of investors, insufficient mentorship, and the lack of structured support necessary for startups to resolve critical issues and foster innovation, entrepreneurship, and wealth creation across the continent.

Madica’s first set of investments, selected from applications covering Africa, deliver tech-enabled solutions across growing and expanding verticals, include:




Kola Market (Ghana), founded by Marie-Reine Seshie, assists SMEs in enhancing sales, optimising inventory, and securing financing via a comprehensive B2B platform that simplifies business operations and improves efficiency.



GoBEBA (Kenya), co-founded by Lesley Mbogo and Peter Ndiang’ui, offers a direct-to-customer e-commerce platform that streamlines the purchase and delivery of bulky essential utilities, ensuring safe, quick, and reliable doorstep service in urban areas.



NewForm Foods (South Africa), founded by Brett Thompson and Tasneem Karodia, enables food producers and retailers to rapidly develop and scale cultivated meat products at a cost well below industry standards.


Emmanuel Adegboye, Head of Madica, said, “We’re excited to announce our first set of investments, which showcase the remarkable talent and innovation in the African tech ecosystem. Each one of these startups represents the untapped potential of African founders who lack the support they direly need because they are too often perceived as risky by global investors. This year, our goal is to support more of these founders and integrate them into the global startup ecosystem.




The glaring imbalance in venture funding in Africa is a big concern, and we want to support founders who are often overlooked by investors. We aim to be a catalyst and inspire other investors to join our goal of broadening the reach of venture capital and founder mentorship.”



Madica employs an open application process, allowing founders to apply without an introduction. The program collaborates with local ecosystem players like incubators, accelerators, and angel networks to discover and support entrepreneurs. All applicants undergo the same evaluation process, with investments made on a rolling basis throughout the year. The program intends to invest in up to an additional 10 startups this year. Interested founders can learn more and apply by visiting Madica’s website.

Marie-Reine Seshie, Founder & CEO, Kola Market, affirming the sentiments of the portfolio companies stated, “We’re excited to share the news of our collaboration with Madica. It’s a significant moment for us at Kola Market because it goes beyond just funding — it is a strong vote of confidence in our mission to transform the SME landscape in Africa, and Madica’s post-investment support sets us on an accelerated path. We’re encouraged about the possibilities this support opens up, allowing us to test new ideas and scale our operations in ways that will make a difference, especially for our customers.



“We’re excited to be working with Madica as we grow our team, develop our production capabilities and bring cultivated meat to mainstream markets. In terms of purpose, I think this is a great fit and we look forward to continuing this partnership into the future on our journey to scale.” Tasneem Karodia – Co-Founder & COO, Newform Foods.



Over the past year, Madica has also made significant investments in team capacity to deepen its support to founders. In addition to Nairobi-based Brenda Wangari who leads Portfolio Success, Madica has recently appointed Shamsa Mohamed, a Nairobi-based expert in startup and VC marketing and communications as the Communications and Community Manager, and Francis Vesta, a Lagos-based investment professional and ex-founder, as an Investment Associate. The Madica team along with its board and network of mentors brings tremendous domain and local operational expertise to help Madica founders scale their ventures.



Brenda Wangari on the selection of the startups, noted: ‘Our first investments, Kola Market, GoBEBA, and NewForm Foods exemplify the entrepreneurial spirit and potential for change. At Madica, we’re dedicated to providing a foundation for African startup growth through rigorous programmatic support, mentorship, and access to our extensive network. It’s about empowering founders to not only navigate the complexities of their industries but also to thrive and set new benchmarks for success.”



To ensure founders have access to the skills, expertise, and resources needed for success, Madica recently conducted its first founder immersion trip in South Africa featuring in-person meetings with a trusted network of investors, mentors, senior operators, and ecosystem leaders. The trip also offered founders an opportunity to present to renowned global investors at the 10th Anniversary of the Africa Early Stage Investor Summit. The founders presented their growth plans while pitching for follow-on investment, corporate support, and strategic partnerships. The next founder immersion trip is scheduled for June 2024 in London to help founders plug into additional investor communities.



Over the past months, Madica worked with key industry stakeholders to strengthen the ecosystem. The program sponsored Disrupt Africa’s “Diversity Dividend: Exploring Gender Equality in the African Tech Ecosystem” report to shed light on gender disparity in the African tech startup ecosystem, and spark important conversations and initiatives within the tech community. Madica also provides ongoing support to programs like Women Who Build Africa, which champions and celebrates the remarkable achievements of female tech founders driving innovation across the continent.

SOURCE:https://brandspurng.com/2024/04/27/madica-announces-first-set-of-african-tech-portfolio-companies/

The wealthiest cities in Africa represent the economic powerhouses driving the continent’s growth and development.


The 2024 Africa Wealth Report published by Henley & Partners highlights these cities as key players in Africa’s economic landscape, showcasing their prosperity and potential.

As indicated in the report, Africa currently accommodates a total of 135,200 high-net-worth individuals (HNWIs) possessing liquid investable wealth surpassing USD $1 million.


Additionally, the continent is also home to 342 centi-millionaires, whose net worth amounts to USD 100 million or more, and 21 billionaires.


The report provides a comprehensive review of private wealth in Africa, including trends in high-net-worth individuals, luxury, and wealth management, as well as expert insights on investing in Africa, the migration sector investment, and economic mobility on the continent.

Number of high net-worth individuals in Nigeria, South Africa, and other African cities
The following ranking is based on the number of millionaires (in US dollars) living in these cities:

Johannesburg: 12,300 HNWIs

Johannesburg is home to the Johannesburg Stock Exchange, the largest stock exchange in Africa by some margin and one of the world’s top 20 exchanges. Most of Johannesburg’s top-end wealth is concentrated in the suburbs surrounding Sandton City Shopping Centre, which has been dubbed “the richest square mile in Africa”. In particular, the Sandton suburbs of Sandhurst, Hyde Park, and Inanda are all home to large numbers of HNWIs, as is the ‘old money’ suburb of Westcliff, which is located closer to the old Johannesburg central business district.

Cape Town: 7,400 HNWIs

Cape Town contains many of Africa’s most opulent residential suburbs, including “New World Wealth’s Prime 7,” which comprise Clifton, Bantry Bay, Camps Bay, Bishopscourt, Constantia, Llandudno, and St. James. The city is currently benefiting from the ongoing ‘semigration’ of large numbers of HNWIs from other parts of South Africa (especially Johannesburg and Pretoria).
It is also an increasingly popular retirement destination for migrating millionaires from Europe and the rest of Africa. Cape Town is on track to overtake Johannesburg to become Africa’s wealthiest city by 2030.

Cairo: 7,200 HNWIs

Located along the Nile River, Cairo is one of the world’s most important cities historically. It is home to more billionaires and more centi-millionaires than any other African city but ranks only 3rd by the number of HNWIs. Affluent parts of the Greater Cairo include Zamalek, Garden City, and Newgiza.

Nairobi: 4,400 HNWIs

East Africa’s economic engine, Nairobi is home to some of Africa’s oldest and most well-established luxury residential neighborhoods, including Karen and Muthaiga. It accounts for a high 48% of Kenya’s total wealth and over 60% of the country’s millionaires.

Unlike other cities near the equator, Nairobi is known for its mild and temperate climate — the city is located at an altitude of around 1,800 meters above sea level, which helps to keep temperatures there relatively cool.

Lagos: 4,200 HNWIs

Lagos is the largest city in Africa in terms of overall population and is home to the Nigerian Stock Exchange. It is also the base city for African multinational giants such as the Dangote Group and Zenith Bank.

The Cape Winelands: 3,600 HNWIs

Includes the neighboring towns of Paarl, Franschhoek, and Stellenbosch in South Africa’s Winelands region. The Cape Winelands have several luxury lifestyle estates that have attracted HNWIs such as Val de Vie, De Zalze, and Domaine des Anges. Also, most of the wine farms in the area are owned by ultra-wealthy HNWIs and centi-millionaires, who often retire there.

Durban, Umhlanga, and Ballito: 3,500 HNWIs

These neighboring towns on South Africa’s Natal Coast feature many of the world’s top eco-estates including Zimbali, Simbithi, Izinga, Brettenwood, Dunkirk Estate, and Hawaan Forest Estate. Lagoon Drive in Umhlanga is also very opulent, with luxury apartment complexes such as the Oysters, the Pearls, the Bermudas, and Edge of the Sea.

The Garden Route: 3,200 HNWIs

Stretches from Mossell Bay to Storms River on South Africa’s South Coast. Notable towns on the route include Plettenberg Bay, George, Knysna, Wilderness, and Mossell Bay, as well. as luxury lifestyle estates such as Silver Lakes, Mooikloof Equestrian Estate, and Woodhill Estate.


SOURCE:https://brandspurng.com/2024/04/24/checkout-top-10-wealthiest-cities-in-africa/

Checkout some of African countries with the fastest-growing economies in 2024, according to 2024 first quarter report by the African Development Bank titled Macroeconomic Performance and Outlook.


BrandSpur Nigeria reports that the analytics projects that South Africa, Africa’s most industrialised country, will become Africa’s biggest economy with a GDP of $373 billion–a position the IMF expects it to retain until 2027.

Egypt, which held the top position in 2023, is expected to drop to second place behind South Africa, primarily due to a series of currency devaluations.



Nigeria, once dubbed Africa’s largest economy, is set to relinquish its crown and slide to fourth place this year for similar reasons.


Here are the top 10 largest Economies in Africa in 2024

1. South Africa

South Africa leads with a GDP of $373 bn, solidifying its status as Africa’s most industrialized economy. Renowned for its diverse economic profile, South Africa embraces sectors such as mining, agriculture, manufacturing, and services, shaping a multifaceted economic landscape.

2. Egypt

Egypt commands a GDP of $347 bn, leveraging its strategic geographical position as a bridge between Africa and the Middle East.

Historically, Egypt has served as a pivotal hub for trade and commerce.

Its economy thrives on a robust tourism sector, agriculture, manufacturing, and a burgeoning ICT industry, cementing its significance in the regional and global economic arena.

3. Algeria

Algeria has a GDP of $266 bn, primarily fuelled by its abundant natural resources, notably oil and gas, which drive its economy through hydrocarbon exports.

Nevertheless, recent government initiatives prioritize economic diversification, aiming to diminish reliance on oil revenues and promote sustainable growth across diverse sectors.

4. Nigeria

Nigeria often hailed as the “Giant of Africa,” holds the fourth position on the list, and has a GDP of $252 billion. With its expansive population and rich endowment of natural resources, particularly oil, Nigeria harbours the potential to ascend as one of the globe’s foremost economies.

5. Ethiopia

Ethiopia commands a GDP totalling $205 bn. Acknowledged for its impressive economic metamorphosis of late, Ethiopia has drawn substantial foreign investment, notably in sectors like agriculture, manufacturing, and infrastructure.

Given its strides, Ethiopia’s economic advancement bears profound significance for the broader growth trajectory of the continent.

6. Morocco

Morocco with a GDP of $152 bn, is celebrated for its stability and strategic positioning as a crossroads between Africa, Europe, and the Middle East. Its economy flourishes across various sectors such as agriculture, tourism, manufacturing, and renewable energy. Government-led initiatives geared towards promoting entrepreneurship and innovation are propelling Morocco’s economic strength and global competitiveness.

7. Kenya

Kenya, boasting a GDP of $104 bn, holds the position of East Africa’s largest economy. Geared by a dynamic entrepreneurial culture and an expanding middle class, Kenya has established itself as a pivotal economic centre in the region.

Key sectors driving its GDP growth include agriculture, tourism, financial services, and technology, underpinning Kenya’s economic vibrancy and regional influence.

8. Angola

Angola has a GDP totalling $92 bn, endowed with extensive oil reserves that historically engineered its economy through exports.

Yet, in recent times, the government has initiated ambitious economic diversification endeavours, targeting a reduction in oil revenue dependence and the promotion of inclusive growth.

9. Cote D’Ivoire

Cote D’Ivoire has a GDP of $86 bn, marking a notable economic resurgence following years of political turmoil.
This turnaround is propelled by strategic investments in infrastructure, agriculture, and manufacturing.

With a youthful demographic dividend and an increasingly favorable business climate, Cote D’Ivoire stands poised for enduring economic expansion.

10. Tanzania

Tanzania concludes the list with a GDP totalling $79 bn. Endowed with plentiful natural resources and a varied agricultural sector, Tanzania offers extensive prospects for investment and growth.

Government-led initiatives focusing on infrastructure enhancement, industrialization promotion, and business climate improvement serve as pivotal drivers for Tanzania’s economic advancement agenda.

African countries, is blessed with abundant resources, growing populations, and increasing investments, have emerged as notable economic players.

The International Monetary Fund (IMF) report shows the continent’s economic progress and potential.

SOURCE:https://brandspurng.com/2024/04/23/top-10-largest-economies-in-africa-in-2024/

The Arole Oduduwa & Ooni of Ife, Ooni Adeyeye Enitan Ogunwusi, CFR, Ojaja II has full confidence in Nigeria’s potential to lead the entire continent of Africa to compete in the global market with quality goods, especially in the carbonated and beverage drinks industry.


BrandSpur Nigeria reports that the Ooni made this clear on Tuesday, April 16 2024 during the unveiling of his Tingo Cola and Tingo Electric, which are flavoured carbonated and energy drinks respectively, produced by Tingo B.V. PLC; a spin-off company from Ojaja Pan Africa Limited at Lekki Lagos.

Ooni Ogunwusi believes that; Nigeria has what it takes to become the production hub of Africa and the world, thanks to its population, human resources, weather conditions, leadership, geographic location, and proximity to the Atlantic Ocean. He is confident that Nigeria can rival big beverage brands and globalize its local products to become a delight to the rest of Africa and the world.

Ooni also disclosed that during his formative years, it was always his dream to own a brand that would produce quality drinks to serve Nigerians and position the country as a leader in the African market and the global stage. So when the opportunity came to produce Tingo Cola and Tingo Electric Energy Drink, he ensured all hands were on deck to put out the best quality regardless.


“The license under which we are currently producing Tingo Cola, Tingo Electra, Tingo Twist (Cucumber and Cranberry), and Tingo Booze Fruit Mix is proof that we are committed to quality and standards. One of our main focuses is our sheer determination to elevate homegrown brands instead of demarketing them.


“That’s why we have put resources together to come out with these exceptional drinks to also produce what we consume in our bid to reduce importation and save the Naira.”

Ooni Adeyeye further disclosed that his foray into commercial activities as a monarch is not primarily for business purposes but to serve as a pathfinder who can show people how to add value for international standards in production, distribution, and consumption.

“My delving into commercial activities was borne out of my passion for humanity, particularly the youth, to create five million direct and indirect jobs for them, mainly through retailing, recycling, and other forms of distributorship fully driven by technology.”

Ooni also disclosed that the products produced by Tingo Foods have been certified by concerned regulators in the country led by NAFDAC, are safe for consumption and are beneficial to the entire body system with their uniqueness.

“The Tingo Cola, for instance, is laced with lemon flavour and other natural ingredients such as cucumber, cranberry, and others that showcase the brand’s originality and uniqueness. We made it according to safe specifications for consumption.” He said.

SOURCE:https://brandspurng.com/2024/04/17/ooni-unveils-tingo-drinks-says-nigeria-can-lead-contest-for-global-markets/

Huawei has initiated the process for customers to express their interest in an upcoming smartphone model without revealing any details about it.


However, this move has sparked excitement and speculation that the next iteration of its premium P series phones is soon to be released.

Last year, the Mate 60 series marked the company’s return to the high-end smartphone market, a move praised by state media as a victory against U.S. sanctions. However, this launch is also held responsible for a significant drop in iPhone sales in China.



There has been growing speculation in recent months regarding Huawei’s imminent release of the P70. It is anticipated that this device, similar to the Mate 60, will incorporate a cutting-edge chip manufactured in China.


Huawei’s P series is renowned for its cutting-edge cameras and elegant aesthetics, whereas the Mate series, which is also a premium offering, prioritizes exceptional performance and incorporates business-centric functionalities.


More Details About The Incoming Smartphone


Huawei’s new flagship P70 smartphones are now available for pre-order subscription at some stores in China, and an industry analyst said that the new series will likely kick off its sales very soon.

Huawei held a spring product launch event online during which several new products including its MateBook X Pro 2024 laptop and FreeBuds Lipstick 2 earbuds alongside more details about HarmonyOS Next were launched, but the much anticipated P70 series remained absent.

A manager who was identified as Li at a Huawei dealership shop in Guangzhou City, South China’s Guangdong Province, told the Global Times on Thursday the formal launch date for the P70 series remains unknown, but consumers can register with a deposit of 1,000 yuan ($138.2) to pre-order the device.

Li, who declined to be fully named said the smartphone hasn’t been released yet, and predicted that the P70 series will likely encompass three smartphone models — P70, P70 Pro, and P70 Art. Their prices may be similar to the Mate 60 series, according to Li.

A Sneak Peak Into What It Looks Like
Luckily, a new spy shot of what appears to be the back plate of the P70 made rounds
across Chinese social media Weibo. and it appears to feature matte AG glass while the camera island gets a glossy finish.

The three cameras are placed in a somewhat symmetrical triangle formation, with the biggest ring likely housing the primary 50MP camera, while the other two are telephoto and ultrawide units. The horizontal opening is likely reserved for the dual-tone LED flash, or an LED flash and autofocus-aiding laser combo.

The main camera will likely use a 50MP OmniVision OV50H sensor paired with variable aperture, whereas the ultrawide will employ the 50MP Sony IMX989 shooter. The telephoto camera is also said to be 50MP with 4x optical zoom.

Lovers of Huawei anticipate the release of four Huawei P70 models, including the standard P70, Pro, Pro+, and Art variants. Leaks suggest that the P70 will feature a 6.56-inch quad-curved LTPO OLED display with a 1.5K resolution, while the other three models will have a larger 6.76-inch screen size.

P70 and P70 Pro are rumored to feature OmniVision’s 50MP OV50H main sensor with a 1/1.3″ sensor size, 1.2µm pixels, and a variable aperture. P70 Pro+ and P70 Art may go for the 1-inch IMX989 instead. All four new P70 series phones are expected to run on the yet-to-be-announced Kirin 9010 chip.

SOURCE:https://brandspurng.com/2024/04/15/checkout-amazing-features-of-huawei-p70-smartphones/

Hon. Adewale Temitope Adedeji, OON (JP), member representing Ifako-Ijaiye Constituency 01 at the Lagos State House of Assembly, on Friday, presented 1,500 free JAMB forms to indigent students within the constituecy


The move is part of his drive to ensure Ifako-Ijaiye becomes the most educated local government in Nigeria by 2037.

Presenting the JAMB slips to the students at the Fagba Junior Grammar School (Complex), Hon. Adewale Temitope, who doubles as the House Committee Chairman on Transportation, said he remains committed to seeing youths of his constituency get educated.



He said, “The goal of the ATA-EI is to make sure our children are educated. An educated mind is a liberated mind. That is why we have made education one of the pillars of my administration.


“By 2037, Ifako-Ijaiye will be the most educated local government in Nigeria.”


Hon. Adewale Temitope also promised scholarships for the top 50 students who gain admission into tertiary institutions from the 1,500 beneficiaries of the free JAMB forms.

He also added that two outstanding students from the 1,500 beneficiaries who excel in their various disciplines after gaining admission will be taken on a trip to the United Arab Emirates.

This, he said, was to motivate them to maximise the opportunity of the free JAMB forms, which was followed with free intensive JAMB lectures through the Adewale Temitope Adedeji Educational Initiatives (ATA-EI).

He said, “Currently, we have over 46 outstanding students on scholarships in various tertiary institutions. Now, I am promising to give the top 50 students from the 1,500 beneficiaries of the ATA-EI free JAMB forms scholarships into various tertiary institutions of their choice.

“This is not to show off but to encourage you to embrace this opportunity wholeheartedly. You are the future of our local government, and we will do everything in our power to support you.

“In your midst, we have future governors, senators, ministers, honourable members, councillors, teachers, and the rest.

“So, I challenge you to go out there and make us all proud.”

Dr Kennedy Akudo, a senior lecturer, Mathematics Department, Lagos State University Of Education (LASUED), commended Hon Adewale Temitope for the gesture, especially the promise of scholarships for top 50 students from the 1,500 beneficiaries who gain admission into tertiary institutions.

He urged other lawmakers across the country to emulate his commitment to education and the progress of their various constituencies.

Also speaking, the Tutor General and Permanent Secretary Education Distric 1, Adebowale Bashir, advised the students to shun vices and remain focused on the task ahead, which he said was to pass the JAMB exams and gain admission into tertiary institutions.

Since 2019 till date, Hon Adewale Temitope has given out over 4,000 free JAMB forms to indigent students.

Those present at the event included Dr Jide Johnson, a senior lecturer at the Nigerian Institute of Journalism, Ogba (NIJ); Dr Victor Onifade, Leader, Ifako-Ijaiye Legislative House; Ifako-Ijaiye APC chairman, Banjo Omole; Hon. (Evang) Funke Olaleye, Assisant Financial Secretary, Lagos State APC; Oba-Elect, Iju Ogundinmu, Gbolahan Matthew; Councillors, and other political stakeholders.


SOURCE:https://brandspurng.com/2024/04/12/lagos-lawmaker-presents-1500-free-jamb-forms-to-indigent-students/

The Advertising Standards Panel (ASP), a statutory organ of the Advertising Regulatory Council of Nigeria (ARCON), has announced a crucial stakeholders’ forum aimed at promoting responsible advertising practices within the Nigerian advertising landscape.


Scheduled for Thursday, April 25, 2024, the event will be held at the Shiba Event Centre, Mobilaji Bank Anthony Way, Ikeja, Lagos.

Under the theme “The Motive of Responsible Advertising in Nigeria,” the forum promises to be a comprehensive discourse on the laws, ethics, and guidelines that govern the advertising industry in the country.

Stakeholders, including Advertising Sectoral Groups, Digital Space Owners and Providers, Capital Market Operators, Trado-Medicals, Real Estate Practitioners, Content Creators, Skit Makers, Hospitals, and Educational Institutions, among others, are expected to converge for this event.


Announcing the forum via a press statement signed by Martha Ugbomma Onyebuchi, Director of Regulations at ARCON, copying its Director-General, Dr. Olalekan Fadolapo, ASP revealed that it is a golden opportunity for all stakeholders to engage in constructive dialogue, share insights, and collectively reinforce ARCON’s commitment to ethical and responsible advertising practices.


The forum is expected to look into the intricacies of the Nigerian Code of Advertising, vetting guidelines, and the consequences of non-compliance and violation of advertising regulations. It is also expected that participants will gain valuable insights from industry experts, legal professionals, and the regulatory organ, to navigate the complex landscape of advertising in Nigeria effectively.

According to the statement, admission to the forum is free, to encourage widespread participation from all relevant stakeholders. Interested parties are urged to mark their calendars and seize this opportunity to engage in shaping the future of responsible advertising in Nigeria.

SOURCE:https://brandspurng.com/2024/04/10/asp-to-hold-major-forum-on-responsible-advertising-in-nigeria-april-25/

The Federal Government has secured a $750 million loan from the World Bank to provide subsidy to developers and operators of solar mini-grids in the country.


The Minister of Finance, Wale Edun, and World Bank’s Country Director for Nigeria, Shubham Chaudhuri, signed the loan agreement on March 31 and February 19 respectively.

The loan, according to a document made available to journalists on Thursday, is aimed at augmenting the supply of electricity to both households and micro, small, and medium-sized enterprises (MSMEs) through a surge in private sector-led distributed renewable energy initiatives.

It read: “The loan will be partly used to provide support to the development and operation of privately owned and operated solar hybrid mini grids in unserved and underserved areas through: 1.1. Minimum Subsidy Tender Carrying out of Minimum Subsidy Tender processes and provision of Minimum Capital Cost Subsidies to selected developers/operators of (a) Isolated mini- grids; (b) Interconnected mini-grids; or (c) Solar rooftop solutions in Participating States.”

Aside from providing the subsidy, the federal government plans to also provide performance-based grants.

“There will be a provision of Performance-Based Grants to eligible mini-grid operators based on new customer connections for isolated mini-grids and percentage of capital expenditures for interconnected mini-grid projects.

“The grant will also cover Standalone Solar (SAS) Systems for Households, MSMEs, and Agribusinesses. This grant will provide “Support to the expansion of SAS systems for households, MSMEs, and agribusinesses in rural areas through: 2.1. Performance Based Grants for Standalone Solar Provision of Performance Based Grants (“PBGs”) to eligible companies to rapidly deploy SAS solutions in rural and underserved areas, through supply and demand side support and based on independently verified outputs, and to support deployment of solar productive use of electricity (PUE) equipment to MSMEs, agribusinesses and commercial customers.”

SOURCE:https://brandspurng.com/2024/04/12/fg-to-provide-solar-subsidy-in-nigeria-through-750-million-world-bank-loan/

Starlink, the internet venture from billionaire entrepreneur Elon Musk, has announced a substantial reduction in the price of its hardware in Nigeria.


The cost of the Starlink internet router has been cut by 45%, from N800,000 to N440,000, as confirmed by the company’s latest price update on Wednesday. However, the monthly subscription fee remains at N38,000.

This pricing adjustment follows a previous price hike in early March, where the hardware cost soared to N800,000 from N378,000, attributed to the naira’s declining value. Although Starlink has not explicitly stated the reasons for the recent price reduction, analysts speculate that the naira’s appreciation against the dollar might have influenced the decision.



The currency’s recovery is notable, with Nairametrics reporting a continuous appreciation, reaching a peak against the dollar since its devaluation in January 2024. The Nigerian currency’s strength, reflected in the fourth consecutive week of gains, has likely impacted Starlink’s pricing strategy.

Moreover, the trend of price cuts extends beyond Nigeria. Starlink reduced hardware costs in South Africa by 43% despite the region’s lack of official licensing. South African customers access Starlink services through global or regional roaming subscriptions.


Starlink’s market presence in Nigeria has grown significantly since its introduction in January 2023. Despite the premium pricing compared to local internet service providers (ISPs), the company has attracted a substantial customer base, with over 11,000 subscribers as of the third quarter of 2023. This customer interest is driven by Starlink’s promise of reliable internet access, particularly in regions with poor connectivity.

SOURCE:https://brandspurng.com/2024/04/12/elon-musks-starlink-now-sells-at-n440000/

Nigerian Breweries Plc, intends to source about N600 billion from the capital market through a rights issue.


A notice from the brewer on Wednesday disclosed that proceeds from the exercise would be used to ease its “huge debt burden” arising from the devaluation of the Naira.

The decision of the Central Bank of Nigeria (CBN) to devalue the Naira has continued to have a negative impact on businesses in the country, with some packing up.



Nigerian Breweries has not been spared of this, and to return the firm to the “path of sustainable profitability in the near future,” the board wants about N600 billion to complement the other strategic steps taken to make the company viable, including increasing the prices of its products.

In the disclosure today, the board said the decision to raise the fresh funds was reached at “a specially convened meeting of the board of directors of the company” on Tuesday.


However, to achieve this, it would need the approval of the organisation’s shareholders at the Annual General Meeting (AGM) fixed for April 26, 2024.

The shareholders will also be required to approve an increase in the company’s share capital to accommodate the new shares to be allotted under the rights issue.

“Nigerian Breweries Plc hereby informs the Nigerian Exchange Limited and the investing public that at a specially convened meeting of the board of directors of the company held on April 2, 2024, the board resolved to recommend to shareholders at the next Annual General Meeting (AGM) the raising of up to N600 billion capital by way of rights issue, subject to regulatory approvals.

“Due to the negative impact of the devaluation of the Naira and the high cost of funds on the company’s capital structure, especially on the company’s debts, the proceeds from the rights issue will help to reduce the huge debt burden arising, thereby leading to a healthier balance sheet.

“Coupled with ongoing cost savings and other operational efficiency efforts, the board is optimistic about steering the company back to the path of sustainable profitability in the near future.

“The board also resolved to recommend to shareholders at the AGM scheduled for April 26, 2024, the increase in the company’s share capital to take care of the new shares to be allotted under the rights issue,” the statement stated.


SOURCE:https://brandspurng.com/2024/04/04/nigerian-breweries-to-raise-n600bn-via-rights-issue-to-ease-debt-burden/

Twenty winners emerged in the 4th National Spokespersons Awards (NSAwards) ceremony, which was organised by the Nigerian Institute of Public Relations and its partner, Image Merchants Promotions, at the iconic International Conference Center in Abuja on March 27, 2024.

Speaking at the awards ceremony, the President and Chairman of Council, Nigerian Institute of Public Relations, said that “The National Spokespersons’ Awards recognise accomplishments, motivate others to strive for excellence, enhance visibility, and add legitimacy to the reputation of recipients by demonstrating superiority, expertise, and uniqueness. The awards also provide avenues for networking opportunities and business relationships, improve employees’ performance, and boost their morale.”



The Awards ceremony is a part of the inaugural National Spokespersons Summit with the theme Change Narratives, Change Society, which was held from March 26 and 27, 2024, at the same venue.

The winners of various categories of the awards included Hakama Sidi Ali (CBN), Distinguished Spokesperson in Financial Service Award; Olufemi Soyemi (NNPC PLC), Distinguished Spokesperson in the Oil and Gas Industry; Adewale Adebajo (British Council), Most Innovative Spokesperson in Diplomatic & Multinational Award; Jossy Nkwocha, Indorama Petrochemical), Distinguished Spokesperson in Environmental Sustainability; Charles Aniagwu (Delta State), Spokesperson in Public Sector Gold Award (State); Maryam Sanusi (FERMA), Spokesperson in Public Sector Gold Award (Federal); Festus Akande (Supreme Court), Outstanding Spokesperson Award in Judiciary; and Eseme Eyibo (Office of the Senate President) Outstanding Spokesperson Award in Legislature.




Others included Sanusi Bature (Kano State) who won the Outstanding Spokesperson Award in the Executive Arm; Reuben Muoka (NCC) won the Distinguished Spokesperson in Technology; Jonas Agwu (FRSC) won the Award for the Outstanding Security Spokesperson; Brig. Gen. Tukur Gusau (Defence Headquarters) won the Award for Outstanding Military Spokesperson; Peter Afunanya (DSS) won the Award for the Distinguished Spokesperson in Crisis Management; Michael Adande (Shell Company) won the Award for the Distinguished Spokesperson in Corporate Communication; while Rafiu Ajakaye (Kwara State) won the Award for the Distinguished Spokesperson in Political Communication.

Furthermore, Stanley Olisa (Air Peace) won the Young Spokesperson of the Year Award; Abdullah Maiwada (Nigeria Customs Service) won the Best Spokesperson of the Year Award; and Abdulrahman Balogun (NIDCOM) won the Excellence in International Relations Award. The Nigeria Customs Service won the award for Excellence in Regulatory Compliance, while the Kwara State Governor smiled home with the Excellence in Corporate Governance Award in the corporate category.



Speaking at the awards ceremony, the Chairperson of the Jury, Prof. Mabel Evwierhoma, said most of the campaigns were campaigns executed in the last year. She pointed out that the assessment criteria adopted in selecting winners were based on communication objectives, clarity of strategy, theme and relevance, channel selection, creativity and innovation, storytelling and framing, engagement with the audience, use of new technology, effectiveness of communication, and professionalism.

The scholar said, “The Jury received the entries from the 151-page document on March 5, 2024, out of which three candidates were shortlisted in each category out of 224 nominees. Those who received at least 50% of the vote were chosen as nominees. Some of the entries demonstrated originality and solutions to contemporary challenges, while others provided evidence of the professionalism and effectiveness of their campaigns. The three finalists were asked to submit a two-minute video of their campaigns for ultimate selection in the Spokesperson of the Year category, which is the flagship award. Only two responded: Reuben Muoka and Abdullahi Maiwada.”



“After the first segment of the assessment, the Jury shortlisted the candidates according to the frequency of mentions in each category. The next step was electronic voting, which commenced on Tuesday, March 19, 2024. We congratulate the winners and affirm greater hope of future success for any candidacy that was not successful. There is always another chance for better results,” she concluded.

The Chairman of the Award Coordinating Committee, Segun Mcmedal, who is the immediate past Chairman of the Lagos NIPR, commended the Nigerian Institute of Public Relations (NIPR) for partnering with Image Merchants Promotion Limited (IMPR), publishers of PRNigeria, and the Spokespersons’ Digest in hosting the 4th National Spokespersons’ Awards. He noted that the three previous editions were organised between 2021 and 2023 by Image Merchants Promotions.

SOURCE:https://brandspurng.com/2024/04/04/20-honourees-clinches-national-spokespersons-awards-2024/

The Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) has assured the banking public that banks in the country have the wherewithal to meet the Central Bank of Nigeria (CBN) recent directives on recapilitalisation of the sector.


The Association in a statement signed and released by its president, Rasheed Bolarinwa on Sunday said ACAMB had always affirmed its support for the CBN’s recapitalisation moves.

Recall that the Olayemi Cardoso-led apex bank had last week issued and released a circular on review of minimum capital requirement for commercial, merchant and non-interest banks over the next 24 months.

“This support underlines ACAMB’s belief that while Nigerian banks are globally regarded as safe, resilient and thriving; there is always room for growth. As Nigeria seeks to aggressively unlock its innate potential to become a global emerging economy, banks must also stand ready to play their crucial roles of financial intermediation.


“The import of the recapitalisation announced is that Nigerian banks are safe and reliable but the apex bank in its developmental mandate, is leading the banks to strengthen their capacities to meet competitive domestic and global financial needs.


“This overarching theme that runs through the circular and its explanatory notes further affirms the soundness of the banking sector, in line with several rating reports on Nigerian banks by leading local and international rating Agencies,” ACAMB’s statement read in part.

The ACAMB boss commended the CBN’s clear modality for the recapilitalisation that allows addition of share capital and premium as against the previous regime of shareholders’ fund. He reiterated the capacity of the various banks to meet the recapitalization directive within the stipulated timeframe.

“We commend the CBN for the thoughtfulness it has put into the announced modality for the recapitalisation. ACAMB particularly note the distinctive definition of the new minimum capital base for each category of banks as the addition of share capital and share premium, as against the previous use of shareholders’ funds. We urge the public to take note of this change. As it stands, banks are on the same page and as such, there is no need whatsoever for any fear, as the banks have the capacity to meet the recapitalisation in line with allowable options stipulated by the apex bank.

“All facts point to a win-win for the Nigerian banks, the financial market and the economy under this recapitalisation.

“The Nigerian capital market, where banks are the most influential group, has the depth to meet the capital requirements of banks. The extended timeline till 2026, provides ample opportunity for each bank to follow through its recapitalisation plan, without undue crowding effect.

“With their background of good returns and liquidity, banking stocks are toasts of domestic and foreign investors. This pedigree, coupled with resilient performance of banks despite economic challenges, will come to the fore as investors know the recapitalisation means stronger banks and better returns.”

Bolarinwa further assured that the CBN’s recapitalization drive will strengthen the economy and further strategically position Nigerian banks as worthy continental and global competitors. He pledged support and cooperation of banks in the implementation of the recapitalization programme.

“The banking industry will continue to work with financial authorities to build up the economy. This recapitalisation will put Nigerian banks in better stead to support the strengthening of the economy; the expansion of the real sector, and the building of bigger banking brands that can compete continentally and globally.

“Banks will continue to cooperate with the CBN in the implementation of the recapitalisation programme.

“ACAMB shall also be engaging all stakeholders in order to ensure balanced and factual representation as the recapitalisation progresses.

“ACAMB reassures all depositors and shareholders to keep about their businesses with the Nigerian banks without fears.”

SOURCE:https://brandspurng.com/2024/04/02/banks-are-in-good-stead-to-meet-cbns-recapitalisation-target-acamb/

A whitepaper on the status of cross-border payments, or remittances, in Latin America has been published by Mastercard. Remittances are crucial for enhancing the region’s financial inclusion, growing economies, and reducing poverty because they frequently provide low- and middle-class residents with a reliable source of income.

Approximately one in ten people, or 800 million people globally, live in households that receive remittances from abroad, according to the UN. Remittances have increased more quickly in Latin America than anywhere else in the world (10% yearly growth since 2014 compared to 4% worldwide).

Latin America’s formal remittance volume reached US$146 billion in 2022, more than doubling from a decade earlier and growing at a rate of 25 times over the previous 30 years. Forecasts indicate that 2024 will bring about a change toward increased speed, ease of use, and security as digital remittances start to surpass the transfer of physical currency across borders. Digital remittances have been growing in Latin America as a result of several years of accelerated digitalization, high mobile penetration, increased internet access, and a decline in the number of unbanked and underbanked people. By 2026, these trends are predicted to produce an additional US$20 billion in digital remittances as they continue to influence Latin America’s digital agenda.


In recent years, traditional providers have enabled digitalization and ushered in new players to the industry, including fintech, digital wallets, blockchain companies, and other technology companies, responding to the trends seen in the Latin American remittances industry:


The United States – Mexico corridor is the single largest remittance pipeline in the world, with a 2023 volume of US$65 billion.
In El Salvador, 2 out of every 10 families who receive remittances live in poverty.
In Guatemala, at least 1 in 3 households count remittances as their main source of income.
In Honduras, remittance recipients represent just about 50% of all households.

In South America, inflation and political instability in the region are drivers of migration and remittance flows, which often utilize fintech and blockchain rails to avoid the problems that arise when using the traditional system.
Pain points to adoption


Despite the massive volume and positive impact of remittances, the industry still faces substantial challenges that limit full digitalization and adoption, including lack of transparency, trust and security in the system, poor digital user experiences, and slow transaction speeds. Additionally, dealing with regulation is perhaps one of the most acute issues, given the lack of legal, regulatory, and operational consistency across global jurisdictions.

A financial exclusion gap also still exists affecting underserved or unbanked communities. According to the Mastercard Borderless Payment 2023 global report, more than one-third of those surveyed said their families back home have limited options to access the money they send, and nearly one in four agree their family must travel a long way to access their funds.

This reveals financial and digital exclusion, as well as underdeveloped financial and digital infrastructure (e.g. lack of 4G coverage, low smartphone penetration, and absence of banks or remittance retail agents) present in the region.

Preparing for the future of remittances

To meet consumer demands and accomplish the necessary digital advancements to empower remittance adoption, companies and providers need to:

Adapt digital solutions to a cash environment. Remittance companies should enable receivers to use the money how they want—digitally or in cash.
Provide transaction transparency and safety while also eliminating concerns. Companies should communicate pricing clearly before they execute a transaction, as well as indicate the expected timing for settlement.

Build trust through regulatory compliance and digital innovation. Companies should enable faster customer onboarding and reduced processing time with digitalized KYC (know your customer) tools.
Provide rewards to loyal customers and financial education. Providers should share educational information and offer post-transaction points, miles, discounts, gift cards, and/or other benefits.
Provide everyday value and clear convenience over cash. Providers should emphasize the convenience of digital payments and demonstrate why digital remittances and cross-border services deliver more everyday value.
Mastercard’s technology and innovative solutions enable its customers to move money and data quickly and securely. Using Mastercard’s portfolio of international money transfer solutions, Mastercard Move, participating financial institutions can offer their customers international payments to over 180 markets, including a global payout network of over 150 currencies that reaches 95% of the world’s banked population. Mastercard Move reaches nearly 10 billion endpoints worldwide, including bank accounts, card, wallet, and cash payout locations. The portfolio combines the power of Mastercard’s existing and future money movement capabilities including Mastercard Send and Mastercard Cross-Border services.

SOURCE:https://brandspurng.com/2024/03/27/new-mastercard-reveals-key-trends/

Amo Farm Sieberer Hatchery Limited extends warm greetings and heartfelt wishes to our Muslim brothers and sisters as they embark on the sacred journey of Ramadan. As a company deeply committed to serving diverse communities, we recognize and celebrate the significance of this holy period for our Muslim customers and their families.


Ramadan stands as a pillar of faith, calling upon believers to embrace virtues of uprightness, tolerance, and love as espoused in the Holy Quran. In this spirit of unity and peace, Amo Farm urges our Muslim customers to uphold these values and find solace in their practice during this blessed time.

Amo Farm’s Group Managing Director, Dr. Ayoola Oduntan, in his goodwill message on Ramadan, emphasizes the importance of self-reflection and dedication to positive values during Ramadan. As Muslims engage in fasting and prayer, we support them in maintaining their health and well-being with our nutritious poultry products.

According to the Company’s Business Development Manager, Itoro Awala-Ale, Amo Farm’s natnudO Foods products are available during the Ramadan period for the healthiness required for fasting. They are good sources of protein required to curb stunting in children, malnutrition, and improved well-being.


Amo Farm has made immense contributions to agricultural development across the country. It is known for its agro innovation with the Noiler bird, launched in 2014 after several years of research and development through a selective breeding process.


Noiler is a dual-purpose bird that is similar in appearance and taste to the native chicken but is more resistant to field diseases and produces four times more eggs and three times more poultry meat. With it, the company has positively impacted over 1.3 million rural households within the country, with an emphasis on women.

SOURCE:https://brandspurng.com/2024/03/23/amo-farm-stands-in-solidarity-with-muslim-customers-as-ramadan-begins/

The highly anticipated nominations for the 10th edition of the Africa Magic Viewers’ Choice Awards (AMVCA) were unveiled on Sunday, sparking excitement among film enthusiasts and industry insiders.


Leading the pack with multiple nominations are standout films like “Jagun Jagun,” “Mami Water,” “A Tribe Called Judah,” and “Breath of Life,” setting the stage for a thrilling showdown at the prestigious event.

The comprehensive list includes categories such as Best Writing Movie, Best Documentary, Best MultiChoice Talent Factory, Best Scripted, Best Digital Content, Best Unscripted M-Net Original, and more, showcasing the diverse talents and contributions of African filmmakers and content creators.

Among the nominees are esteemed actors and actresses, directors, writers, and technicians whose outstanding work has captivated audiences and garnered critical acclaim.


10th Africa Magic Viewers’ Choice Awards: See Full List Of Nominees
Best Writing Movie Nominees:


1. A Tribe Called Judah (Olufunke Ayotunde Akindele, Collins Okoh and Akinlabi Ishola)

2. Mami Wata (CJ Fiery Obasi)

3. Jagun Jagun (Adebayo Tijani)

4. Breath of Life (BB Sasore)

5. Over The Bridge (Tosin Otudeko)

6. Funmilayo Ransome-Kuti (Tunde Babalola)

7. Afamefuna (Anyanwu Sandra Adaora)

Best Documentary Nominees:

1. Ormoilaa Ogol (The Strong One)

2. Lobola, A Bride’s True Price?

3. Empalikino (Forgiveness)

4. The Water Manifesto: Osun (Water for Gold)

5. Sowing Hope

Best Documentary Nominees:

1. Ormoilaa Ogol (The Strong One)

2. Lobola, A Bride’s True Price?

3. Empalikino (Forgiveness)

4. The Water Manifesto: Osun (Water for Gold)

5. Sowing Hope

Best MultiChoice Talent Factory Nominees:

1. Grown

2. Her Dark Past

3. Somewhere In Kole

4. Full Time Husband

5. The 11th Commandment

6. Mfumukazi

Best Scripted Nominees:

1. The Slum King

2. Half Open Window

3. Itura

4. The Passenger

5. Magic Room

Best Digital Content Nominees:

1. Layi Wasabi (Medical Negligence and Copyright Infringement)

2. Taooma (The Boyfriend)

3. Lizzy Jay (National Treasure)

4. Elozonam, Jemima Osunde & Angelina Idoko (Hello Neighbour)

Best Unscripted M-Net Original Nominees:

1. What Will People Say

2. Date My Family Zambia

3. Nwuyee Bekee (Foreign Wives)

4. Royal Qlique (Season 2)

5. The Irabors’ Forever After

Best Indigenous Language (West Africa) Nominees:

1. Mami Wata (CJ Fiery Obasi)

2. Jagun Jagun (Femi Adebayo)

3. Ijogbon (Kunle Afolayan)

4. Orisa (Odunlade Adekola

5. Nana Akoto (Kwabana Gyansah)

Best Indigenous Language (East Africa) Nominees:

1. Where The River Divides

2. Wandongwa

3. Nakupenda

4. Itifaki

5. Ormoilaa Ogol (The Strong One)

Best Indigenous Language (Southern Africa) Nominees:

1. Service to Heart

2. Uncle Limbani

3. Motshameko O Kotsi

Best Costume Design Nominees:

1. Daniel Obasi

2. Demola Adeyemi

3. Bolanle Austin Peters, Ituen Basi, Folake Coker and Clement Effanga

4. Lola Awe

5. Bunmi Demilola Fashina

Best Indigenous M-Net Original Nominees:

1. The Passenger

2. Nana Akoto

3. Apo

4. Irora Iya

5. Love Transfusion (Kiapo Cha Damu)

Best Short Film Nominees:

1. Broken Mask

2. Eighteenth Year

3. Man and Masquerades

4. A Place Called Forward

5. T’egbon T’aburo

Best Supporting Actress Nominees:

1. Joke Silva (Over The Bridge)

2. Bimbo Akintola (The Black Book)

3. Fathia Williams (Jagun Jagun)

4. Genovevah Umeh (Breath of Life)

5. Tana Egbo-Adelana (Ijogbon)

6. Ejiro Onajaife (Madam Koikoi)

7. Eliane Umuhire (Omen)

Best Lead Actor Nominees:

1. Richard Mofe-Damijo (The Black Book)

2. Wale Ojo (Breath of Life)

3. Stan Nze (Afamefuna)

4. Marc Zinga (Omen)

5. Lateef Adedimeji (Jagun Jagun)

6. Gabriel Afolayan (This is Life)

7. David Ezekiel (Blood Vessel)

8. Gideon Okeke (Egun)

Best Lead Actress Nominees:

1. Funke Akindele (A Tribe Called Judah)

2. Adaobi Dibor (Blood Vessel)

3. Ireti Doyle (The Origin: Madam Koi Koi)

4. Kehinde Bankole (Adire)

5. Evelyne IIy (Mami Wata)

6. Omowumi Dada (Asiri Ade)

7. Segilola Ogidan (Over The Bridge)

8. Lucie Debay (Omen)

Best Supporting Actor Nominees:

1. Timini Egbuson (A Tribe Called Judah)

2. Alexx Ekubo (Afamefuna)

3. Demola Adedoyin (Breath of Life)

4. Itele D Icon (Jagun Jagun)

5. Gregory Ojefua (This is Life)

6. Levi Chikere (Blood Vessel)

7. Ropo Ewenla (Over The Bridge)

Best Cinematography Nominees:

1. Mami Wata

2. Jagun Jagun

3. Ijogbon

4. Blood Vessel

5. Breath of Life

6. Over The Bridge

7. Omen

Best Editing Nominees:

1. Chuka Ejorh and Onyekachi Banjo

2. Holmes Awa

3. Alex Kamau and Victor Obok

4. Dayo Nathaniel

5. Antonio Ribeiro

6. Nathan Delannoy

Best Sound Design Nominees:

1. Ava Momoh (Over the Bridge)

2. Daniel Pellerin and Amin Bhatia (Kipkemboi)

3. Grey Jones Ossai (Breathe of Life and Blood Vessel)

4. Samy Bardet (Mami Wata)

Best Art Direction Nominees:

1. Mami Wata (C.J Fiery Obasi)

2. Blood Vessel (Victor Akpan)

3. Over The Bridge (Abisola Omolade)

4. Breath of Life (Okechukwu Frost Nwankwo, Kelechi Odu)

5. The Black Book (Pat Nebo and Chima Temple)

6. Jagun Jagun: The Warrior (Tunji Afolayan)

7. Omen (Eve Martin)

Best Makeup Nominees:

1. Feyisayo Oyebisi (A Tribe Called Judah)

2. Francesca Otaigbe (Over the Bridge)

3. Campbell Precious (Mami Wata)

4. Hadizat Gambo (Mojisola)

5. Hakeem Onilogbo (Jagun Jagun)

Best Writing TV Series Nominees:

1. Skinny Girl in Transit (Season 7)

2. Wura (Season 2)

3. Visa on Arrival

4. MTV Shuga Naija

5. Volume

6. Masquerades of Aniedo

7. Slum King

From gripping narratives to stunning visuals and captivating performances, the AMVCA nominations reflect the vibrant creativity and innovation shaping the African film and television industry.

As anticipation builds for the upcoming awards ceremony, fans and industry professionals alike eagerly await the announcement of the winners, eager to celebrate excellence and talent in African cinema.


SOURCE:https://brandspurng.com/2024/03/25/2024-amvca-see-full-list-of-10th-africa-magic-viewers-choice-awards-nominees/

Ecobank has become an official signatory of the Women’s Empowerment Principles by UN Women and the UN Global Compact (WEPs), which provide guidance to the private sector on how to advance gender equality and women’s empowerment in the workplace, marketplace and community.


Ecobank Group CEO, Jeremy Awori, announced the signature of these Principles during a webinar organised by Ecobank Foundation and UN Women on the occasion of the International Women’s Day celebrations.

Themed “Invest in Women: Why does it matter? How can we accelerate it?”, the webinar discussed the importance of investing in women to build inclusive societies, and success strategies to counter unconscious biases and discriminatory practices that hinder investments in women.

Commenting about the signing of these principles, Jeremy Awori, Chief Executive Officer, Ecobank Group, said: “At Ecobank, we are fully committed to driving gender equality. Ensuring that women and girls have equal rights as men and boys and can attain their full potential without facing discrimination in any aspect of their lives. This is essential to achieving a sustainable, just, and prosperous society. Across the Bank we have implemented numerous initiatives and solutions, including our multi-award winning Ellevate programme to meet the financial and non-financial needs of women’s businesses, and we will continue to introduce new solutions. While we recognise that there is more to do, signing the WEPs is another step in our absolute commitment and determination to advance gender equality and inclusion.”


Ecobank ‘s dedicated Ellevate programme provides women-owned, led or focused businesses with a comprehensive suite of cash management, borderless payments and collections, banking and funding solutions, in addition to skills training and mentoring. It has onboarded over 73,000 women business customers and lent more than US$177 million since its launch in November 2020.

Ecobank has implemented several other initiatives to advance gender equality and inclusion. These include establishing a Diversity and Inclusion Council to create an environment where individuals can thrive without discrimination or bias. Additionally, Ecobank has signed the Women Working for Change Gender Diversity Charter; sponsored awareness programmes on gender-based violence for its staff; and implemented mentoring programmes, along with comprehensive learning and development initiatives aimed at advancing women’s career progression. The Bank will shortly launch a women supplier programme to onboard more women-owned and women-led businesses into its procurement database.


Congratulating Ecobank Group, Mireille Kamitatu, Deputy Regional Director UN Women Regional Office West and Central Africa said: “I am pleased to acknowledge Ecobank Group’s commitment confirmed by the signing the WEPs. We commend the leadership of this Pan-African bank, spanning 35 countries, for its decisive step in advancing gender equality across the continent. UN Women stands ready to offer support in your gender-focused initiatives towards our ultimate objective to achieve the Sustainable Development Goals”.

Many of Ecobank Group’s gender equality initiatives align with the seven Women Empowerment Principles which are:

High-level Corporate Leadership
Treat all Women and Men Fairly at Work without Discrimination
Employee Health, Wellbeing and Safety
Education and Training for Career Advancement
Enterprise Development, Supply Chain and Marketing Practices
Community Initiatives and Advocacy
Measurement and Reporting.
WEPs are a primary vehicle for corporate delivery on gender equality dimensions of the 2030 agenda and the United Nations Sustainable Development Goals. By joining the WEPs community, Ecobank’s Group CEO has signalled the Bank’s commitment to this agenda at the highest levels of the conglomerate and a desire to work collaboratively in multistakeholder networks to empower women. These include equal pay for work of equal value, gender-responsive supply chain practices and zero tolerance against sexual harassment in the workplace.


SOURCE:https://brandspurng.com/2024/03/25/fw-ecobank-group-signs-united-nations-womens-empowerment-principles/

With only three of the ten undersea cables that connect South Africa to the world still in operation, it is quite remarkable that the region remains as well connected as it is. This is the view of Workonline Communications one of the leading providers of wholesale IP transit services in Africa, commenting on recent disruptions to internet connectivity across the continent due to multiple undersea cable faults.


“The cable breaks on both sides of the continent have highlighted the issue of the lack of capacity to support Africa’s burgeoning internet requirements,” says Edward Lawrence of the Workonline Group. “There are 574 active and planned submarine cables across the globe, yet South Africa only has 10 that connect it to the rest of the world, and seven of these are currently out of action.”

In February 2024, three vital cables—AAE-1, EIG, and SEACOM—connecting the east coast of Africa to Europe were disrupted, allegedly due to vandalism by the Houthis. Then, on March 14, 2024, four out of the five west coast cables—SAT3, WACS, ACE, and MainOne—were affected, reportedly by an undersea rock fall near Ivory Coast. These incidents have significantly impacted internet connectivity, not only in South Africa but across the entire continent.

The capacity constraints are further complicated by the time it takes to not only repair submarine cables, but also to lay new infrastructure. Lawrence explains that it can take 18 months or longer to plan for new cables, and a further two years or more to actually build and commission them.


“We’re fortunate that due to our investment in Africa and abroad we are able to be more nimble than most and can increase our undersea capacity at speed. We’ve designed our network to be as resilient as possible, acquiring capacity on the most stable routes we can find. Incremental capacity, or augments as they are referred to, require us to acquire hundreds of Gbps of capacity at a time, so we rely on our deep relationships which we’ve developed across the industry.”


Through strategic partnerships and investments in mega Points of Presence (PoPs) across Africa, Workonline remains at the forefront of delivering high-quality IP transit services to meet the evolving needs of ISPs and CDNs in Africa.

“We understand the critical importance of internet connectivity in today’s digital age,” added Lawrence. “As such, we are committed to proactively managing network disruptions and minimizing downtime to provide our customers with the continuity they need to thrive in a competitive landscape.”


SOURCE:https://brandspurng.com/2024/03/22/large-players-pull-out-all-the-stops-to-keep-africa-connected/

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has unveiled an enhanced version of its mobile app, optimized specifically for businesses. The updated app offers a range of new features designed to streamline and simplify digital banking for business owners.


The enhanced mobile app for businesses provides a comprehensive suite of tools to manage finances efficiently. With an intuitive interface, users can execute transactions seamlessly; transfer funds between accounts; check real-time balances; and manage beneficiaries. The app offers instant access to transaction statements, self-service options, and robust security features to safeguard business operations.

Endorsing the app, Wole Adeniyi, the Chief Executive of Stanbic IBTC Bank, said, “We are thrilled to introduce the enhanced Stanbic IBTC Mobile App tailored specifically for our business clients. Our goal is to provide businesses with a seamless and efficient platform to conduct their banking activities, including transactions, statement requests, transfers, and more, all from the convenience of their mobile devices.”

The optimized mobile app reflects Stanbic IBTC’s commitment to innovation and digitization, in supporting businesses in Nigeria. The Bank aims to empower businesses to reach their goals and achieve success by offering tailored solutions and enhanced features.


“This app enhancement is a significant step in ongoing efforts to simplify our banking processes and enhance customer experience through technology. With robust security measures and a user-friendly interface, our business clients can now manage their finances more efficiently and confidently,” Wole added.


Stanbic IBTC Bank’s mobile app optimization for business clients showcases the Bank’s dedication to innovation and customer-centric solutions; and positions Stanbic IBTC Bank as a trusted financial partner for businesses supporting their growth and success in Nigeria’s dynamic business landscape.

SOURCE:https://brandspurng.com/2024/03/20/stanbic-ibtc-launches-enhanced-super-app-for-business-owners/

Fidelity Bank Plc has distributed over 3000 food items to vulnerable households and less privileged families in Gusau, Zamfara State.


The donation is a gesture under the bank’s Corporate Social Responsibility (CSR) Initiative created to reach out to vulnerable persons and reduce the effect of hunger in the society.

Speaking at the event, the bank’s Regional Head, North West 2, Muhammad Ahijo, noted that “The Fidelity Food Bank Initiative is aimed at alleviating the hardship experienced by many in the face of current economic challenges in the country.



His words “At Fidelity Bank, we recognize the importance of supporting and empowering communities to grow and prosper and we believe that by investing in the well-being of the communities where we operate, we contribute to the creation of a better society for all.”

“We firmly believe that by addressing the root causes of poverty and alleviating hunger, we can make a meaningful impact on the lives of those in need. And in light of this, Fidelity Bank has donated 3,000 food packs to vulnerable families in the state, to help them get through these tough times.” He stated.


Applauding the initiative by Fidelity Bank, Zamfara State Governor, Dauda Lawal, represented by his Chief of Staff, Alhaji Mukhtar Lugga, noted that “We are grateful for the kind gesture from Fidelity Bank in providing support to vulnerable households and less privileged families in our community. This is coming at a time when people cannot afford a meal before and during the holy month of Ramadan”.

On his part, the Accountant General of Zamfara State, Alhaji Ali-Akilu Muhammad, thanked Fidelity Bank for its generosity and urged other banks operating in the state to emulate the Fidelity Bank gesture by providing succor to the less privileged families in the state.

SOURCE:https://brandspurng.com/2024/03/19/fidelity-bank-distributes-3000-food-packs-to-zamfara-community/

As part of its continued investment in advancing the inclusion of women’s social and economic endeavours, AXA Mansard, a member of AXA, the global leader in insurance and asset management, has empowered 200 female Small and Medium Enterprises with financial literacy and digital business skills.


In collaboration with SME 100 Africa, the two-day training, which was held in Lagos, is part of AXA’s lined-up programmes to commemorate this year’s International Women’s Day.

In addition to the series of women empowerment Initiatives, AXA Mansard has been training female SMEs over the past few years as part of its plan to Increase financial and digital literacy amongst female-owned SMEs In Nigeria.

According to the Head of Marketing AXA Mansard, Olusesan Ogunyooye, the training aims to empower female SME owners with skills to improve business output and position them for the increasing economic opportunities available in an increasingly digital marketplace.


Ogunyooye noted that the move is in line with AXA Mansard’s sustainability agenda, explaining that the company is convinced that support for women through its inclusive protection programmes is pivotal to its purpose of acting for human progress by protecting what matters and its mission of moving from being a payer to a partner.


He furthered that focusing on digital skills is important because the company realizes the importance of digital skills to the growth of the SME sector in Nigeria and wants to ensure that women are empowered enough to be a consequential part of that growth.

“It’s almost trite to say that SMEs are the engine for economic growth, especially in developing countries like Nigeria, where over 45 million adults are business owners. What needs to be continually discussed is how Nigeria is going to unlock that potential for economic development and how much of that potential will be unlocked by women and for women.”

“For us at AXA Mansard, we are aware that digital will play a major role in unlocking these current opportunities and Nigeria’s economic future. So, to ensure that women are equally represented in unlocking these future potentials, that’s why we have collaborated with SME 100 Africa to support them in developing the required skills”.

“Our choice of digital and financial literacy skills is deliberate. We understand the power of the duo. We understand that helping these SMEs with the skills to attract more customers will be a faster means to empower them. We see that they have amazing products and services, but they need to understand how to attract value for themselves by attracting the right customers, and you will agree with me that virtually all customer segments are online in one way or another today. So, if we can empower them with digital business skills, we would have helped them with the heavy lifting of trying to find and attract customers”. Ogunyooye explained.

AXA Mansard believes that for the world to truly experience progress, there must be an equitable distribution of creation and access to opportunities for men and women. This quest for balance informed the SHE for Shield initiative, a women-centred inclusive protection programme of AXA Mansard.

SHE for Shield is a group of initiatives designed for the Nigerian woman. The goal is to see them grow, add value, and help them mitigate risks every step.
According to the company, research has found that access to health care is one of the most important things to Nigerian women, regardless of their economic segment. They desire to be financially independent, secure, and respected in the community.

SOURCE:https://brandspurng.com/2024/03/15/axa-mansard-empowers-200-female-smes-with-financial-literacy-digital-skills/

Celebrating International Women’s Day 2024, SUNU Health Nigeria has reaffirmed its commitment to accelerating progress in the healthcare industry with the strength of its exceptional women leaders and workforce.


The News Agency of Nigeria (NAN) reports that SUNU Health Nigeria is a prominent health maintenance organization (HMO) and a member of the SUNU Group.

The 2024 International Women’s Day theme, “Inspire Inclusion,” calls upon all to take concrete action by empowering women in Nigeria, Africa, and across the globe with the necessary opportunities to unlock their full potential and drive significant progress in various fields.



Amidst a celebratory atmosphere at the company’s headquarters in Lagos, the festivities were broadcast live across its branches, spanning various geopolitical zones in Nigeria.

The event offered a multifaceted experience, featuring speeches and engaging activities to captivate participants.

Dr. Patrick Korie, Managing Director of SUNU Health Nigeria, expressed his excitement about commemorating the annual occasion, highlighting the company’s steadfast commitment to promoting inclusivity—an enduring practice.


“We take pride in our diverse workforce, particularly the significant presence of women who play pivotal roles in shaping the healthcare landscape, delivering outstanding care, and propelling innovation forward.

“On this International Women’s Day, we celebrate their achievements and invaluable contributions,’’ he remarked.

Dr. Amarachi Alilionu, Managing Director of Sparkling Eye, a guest and partner at the event, shared her inspiring life journey, emphasising the importance of resilience and continuous learning to stay relevant throughout life.

She encouraged the women present to cultivate this same perseverance. “Don’t see your gender as a limitation. Instead, use it as a source of strength to become the best version of yourself,” she emphasised.

Speaking at the event, Dr. Faith Nwachi, Chief Operating Officer, SUNU Health Nigeria, highlighted the company’s recognition of women’s critical role in healthcare.

“From doctors and nurses to administrators and researchers, their contributions are invaluable as they foster an inclusive environment that empowers women to thrive and reach their full potential.

“SUNU Health Nigeria’s investment in its female workforce has been instrumental in my career growth.

“The company offers a variety of programs and initiatives that empower women to advance their careers by equipping them with the necessary skills and resources to succeed,” she said.

Nwachi also buttressed the importance of women being prepared for the opportunities available in the healthcare sector, as while there are numerous possibilities, only those with the necessary qualifications would be able to seize them.

NAN also reports that SUNU Health Nigeria, accredited by the National Health Insurance Authority (NHIA), offers a comprehensive healthcare experience.

With over 25 years of experience, 1,600+ healthcare providers, and over 150,000 satisfied clients, SUNU Health Nigeria is committed to delivering quality care, and its commitment extends beyond the workforce as it actively promotes women’s leadership in the healthcare sector.

SOURCE:https://brandspurng.com/2024/03/12/iwd-2024-sunu-health-nigeria-empowers-more-women-in-its-workforce/

In a bold move aimed at propelling Katsina State into the forefront of technological innovation, His Excellency, the Executive Governor of Katsina State, In a bold move aimed at propelling Katsina State into the forefront of technological innovation, His Excellency, the Executive Governor of Katsina State, Dr. Dikko Umar Radda, accompanied by over 12 esteemed members of his economic team including the Chief of Staff, Mr. Jabiru Tsauri, embarked on a groundbreaking visit to TD Africa and the Tech Experience Centre in Victoria Island, Lagos., accompanied by over 12 esteemed members of his economic team including the Chief of Staff, Mr. Jabiru Tsauri, embarked on a groundbreaking visit to TD Africa and the Tech Experience Centre in Victoria Island, Lagos.


Focused on harnessing the transformative power of technology, this visit is set to revolutionise agriculture, stimulate skill acquisition, drive economic growth, and attract investments in line with the 7-point agenda of the Katsina State Development and Management Board (KTDMB).

Governor Radda, a visionary leader with a blueprint worthy of emulation, is dedicated to transforming Katsina State into a thriving economic hub. The primary objective of his visit was to explore cutting-edge technological solutions capable of advancing Katsina’s economy. The high level meeting at TD Africa focused on the implementation of advanced technologies such as precision agriculture, IoT-based monitoring systems, and data analytics to optimize agricultural practices, foster economic diversification, and nurture a new generation of digital natives ready to facilitate economic growth.


Recognizing the pivotal role of technology in economic development, Governor Radda engaged with experts to identify opportunities for integrating technology across various sectors. Discussions included leveraging e-commerce platforms, digital payment systems, and the array of technology solutions offered by over 29 global brands in TD Africa’s portfolio, to stimulate growth, create employment opportunities, and enhance the overall business environment in Katsina State.


His exploration of the Tech Experience Centre which also houses the Cisco Edge Centre, allowed him to witness firsthand the latest advancements in various industries, underscoring the state’s commitment to good governance and a proactive approach to a tech-driven and progressive ecosystem.


Furthermore, Governor Radda expressed a firm commitment to investing in tech education to empower the youth and prepare them for the digital age. In line with this vision, the Katsina State Institute of Technology and Management has been transformed into an Information and Communication Technology (ICT) University. This visit to TD Africa and the Tech Experience Centre marks a pivotal moment in Katsina State’s journey towards technological advancement.


Commenting on the visit, Mrs. Chioma Chimere, Coordinating Managing Director of TD Africa, commended His Excellency’s visit and highlighted TD Africa’s commitment to driving digital evolution across the comtinent. With a vision to empower Africa with transformative technologies, TD Africa stands ready to leverage its over 25 years of global tech experience to provide tailored solutions to modern-day challenges across all sectors.

By exploring innovative solutions for agriculture, economic integration, and investor attraction, Katsina State is embracing a forward-thinking approach that aligns with its vision for a prosperous and technologically advanced future. As Katsina leverages technology to unlock its full potential, the governor’s visit assures a positive change and sustainable development, with TD Africa strategically positioned as a key stakeholder to drive this change.

SOURCE:https://brandspurng.com/2024/03/12/gov-umar-dikko-radda-visits-technology-giant-td-africa/

The Nigerian National Petroleum Company Limited (NNPCL) has appealed to the Economic and Financial Crimes Commission (EFCC) to help tackle the menace of crude oil theft in the country, stating that no one is ready to invest in the oil sector due to the menace.


The Group Chief Executive Officer of the NNPCL, Mele Kyari, made the appeal at an interactive session with the Executive Chairman of the EFCC, Ola Olukoyede, at the NNPC Towers in Abuja on Monday.

In statement by the NNPCL spokesperson, Olufemi Soneye, the company’s helmsman was said to have spoken about the efforts by the company to eradicate corruption from its system, to stem crude oil theft and pipeline vandalism.

Kyari had contended that going by the volume of oil stolen daily and the brazenness with which the perpetrators operate, crude oil theft was the most humongous and virulent economic crime in Nigeria that must attract the attention of the EFCC.


He said, “As we continue to do our best to deepen transparency and stamp out corruption from the system, there is one big challenge that you will need to help us with, Mr. Chairman. That challenge is crude theft. It fits into everything you have said — the people, the asset, the opportunity, and the absence of deterrence.


“We have deactivated 6,409 illegal refineries in the Niger Delta region. Today, we have disconnected up to 4,846 illegal pipes connected to our pipelines, that is out of 5,543 of such illegal connection points. That means there are a vast number of such connections that we have not removed.

“These things don’t just happen from the blues. They happen in communities and locations we all know. As we remove one illegal connection, another one comes up. It is sad, Mr. Chairman.”

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According to him, this kind of oil theft does not happen anywhere else in the world.

“When we say illegal connections, they are not invisible things, they are big pipes that require some level of expertise to be installed. Some of them are of the same size as the trunk line itself. No one would produce crude oil knowing full well that it is not going to get to the terminal. That is why nobody is putting money into the business. So, you can’t grow production.”

“I believe, personally, that the very purpose of your commission is to curtail economic crimes, and there is no bigger economic crime of this scale anywhere else than what is happening in this area,” the GCEO lamented.

Speaking, the EFCC boss, Olukoyede, was said to have expressed satisfaction with NNPCL’s commitment to issues of ethics and code of conduct.

He challenged the management to ensure that the codes of ethics and regulations are complemented with monitoring and enforcement to enhance deterrence.

The PUNCH reports that crude oil theft has been on the increase in the Niger Delta despite efforts to stem the tide.

It has been named as one of the factors responsible for the dwindling oil production and the relocation of some international oil companies to divest.

SOURCE:https://brandspurng.com/2024/03/12/crude-oil-theft-limiting-investments-in-nigerias-oil-gas-sector-kyari-tells-efcc-chairman/

Nigeria’s agricultural sector has seen its exports soar to a remarkable N1.23 trillion in 2023, according to the latest foreign trade reports from the National Bureau of Statistics (NBS).


This figure marks a significant 53% increase from the N583.3 billion recorded in 2022, underscoring the sector’s pivotal role in the country’s economy.

The surge in export value is attributed to the substantial devaluation of the naira in 2023, which, despite presenting challenges domestically, has evidently bolstered the competitiveness of Nigerian agricultural products on the global stage.



A closer examination of the exports reveals a diversified portfolio of commodities driving this growth, with notable shifts in demand and production capacities. Here’s a rundown of the top 10 agricultural exports that have made headlines in 2023:


Superior Quality Cocoa Beans: Nigeria is leading the charge with an export value of N258.45 billion, a substantial increase from N200.07 billion in 2022. This positions Nigeria as a key player in the international cocoa market, catering to the high demand for premium cocoa beans.

Sesamum Seeds: Following closely with exports valued at N253.69 billion, up from N139.84 billion the previous year, highlighting the global appetite for Nigerian sesamum seeds.

Soya Beans (Excluding Seeds): Marked a significant milestone with exports reaching N120.10 billion, a massive jump from N9.05 billion in 2022, reflecting the burgeoning soya industry in Nigeria.

Shell Cashew Nuts: Nigeria’s cashew nut production showed remarkable growth, with exports amounting to N109.93 billion, up from N66.36 billion, underlining its strength.

Standard Quality Cocoa Beans: Maintained a strong position with exports worth N97.71 billion, significantly higher than N32.59 billion in 2022, further cementing cocoa’s central role in Nigeria’s export portfolio.

Other Cut Flowers: Nigeria surprised the market with exports valued at N86.63 billion, a significant leap from N15.05 billion, indicating diversification within its agricultural exports.

Shelled Cashew Nuts: Recorded exports of N84.24 billion, up from N21.02 billion, showcasing Nigeria’s competitive edge in the cashew industry.
Soya bean flours and Meals saw an exponential rise in export value to N63.20 billion, from just N203.30 million in 2022, highlighting Nigeria’s expanding influence in the soya-based products market.

Natural Cocoa Butter: Exports reached N35.32 billion, more than doubling from N15.57 billion the previous year, driven by increased global demand for Nigerian cocoa derivatives.

Soya Bean Seeds: The sector experienced a significant upswing, with exports climbing to N28.06 billion, up from N6.84 billion in 2022, reflecting the growing international demand for Nigerian soya.

SOURCE:https://brandspurng.com/2024/03/11/nigerias-agricultural-exports-skyrocket-to-n1-23-trillion-in-2023/

Netflix, the renowned streaming giant, has transformed the way we consume entertainment, providing a vast library of movies, TV shows, and documentaries at the touch of a button.


However, the cost of accessing this digital haven varies significantly from country to country, reflecting economic disparities and market dynamics.

This graphic from Preyash Shah, via Visual Capitalist, maps Netflix price by country, using standard (basic) package subscription monthly rates from Netflix.com and converting to USD as of December 10, 2023.



What is the Netflix Price by Country?
Across 244 countries and territories that had Netflix available in December of 2023, Switzerland was the most expensive at $21.48 per month. That was $5 more than the second-most-expensive country on the list.

Countries Netflix Cost (USD)
🇦🇫 Afghanistan $7.99
🇦🇽 Åland Islands $12.92
🇦🇱 Albania $8.61
🇩🇿 Algeria $7.99
🇦🇸 American Samoa $15.49
🇦🇩 Andorra $14.00
🇦🇴 Angola $7.99
🇦🇮 Anguilla $12.99
🇦🇬 Antigua & Barbuda $12.99
🇦🇷 Argentina $3.57
🇦🇲 Armenia $10.76
🇦🇼 Aruba $12.99
🇦🇺 Australia $11.19
🇦🇹 Austria $14.00
🇦🇿 Azerbaijan $10.76
🇧🇸 Bahamas $12.99
🇧🇭 Bahrain $10.49
🇧🇩 Bangladesh $7.99
🇧🇧 Barbados $15.29
🇧🇾 Belarus $10.76
🇧🇪 Belgium $14.54
🇧🇿 Belize $5.99
🇧🇯 Benin $9.99
🇧🇲 Bermuda $12.99
🇧🇹 Bhutan $7.99
🇧🇴 Bolivia $5.99
🇧🇦 Bosnia & Herzegovina $8.61
🇧🇼 Botswana $7.99
🇧🇻 Bouvet Island $9.99
🇧🇷 Brazil $8.10
🇮🇴 British Indian Ocean Territory $7.99
🇻🇬 British Virgin Islands $12.99
🇧🇳 Brunei $11.99
🇧🇬 Bulgaria $8.61
🇧🇫 Burkina Faso $7.99
🇧🇮 Burundi $7.99
🇰🇭 Cambodia $7.99
🇨🇲 Cameroon $7.99
🇨🇦 Canada $12.13
🇨🇻 Cape Verde $7.99
🇨🇰 Caribbean Netherlands $12.99
🇰🇾 Cayman Islands $12.99
🇨🇫 Central African Republic $7.99
🇹🇩 Chad $7.99
🇨🇱 Chile $9.58
🇨🇽 Christmas Island $7.99
🇨🇨 Cocos (Keeling) Islands $11.19
🇨🇴 Colombia $6.75
🇰🇲 Comoros $7.99
🇨🇬 Republic of the Congo $7.99
🇨🇩 Democratic Republic of the Congo $7.99
🇨🇰 Cook Islands $11.32
🇨🇷 Costa Rica $12.99
🇨🇮 Côte d’Ivoire $7.99
🇭🇷 Croatia $8.61
🇨🇺 Cuba $5.99
🇨🇼 Curaçao $12.99
🇨🇾 Cyprus $11.84
🇨🇿 Czechia $11.42
🇩🇰 Denmark $16.46
🇩🇯 Djibouti $7.99
🇩🇲 Dominica $5.99
🇩🇴 Dominican Republic $7.99
🇪🇨 Ecuador $7.99
🇪🇬 Egypt $3.88
🇸🇻 El Salvador $7.99
🇬🇶 Equatorial Guinea $7.99
🇪🇷 Eritrea $7.99
🇪🇪 Estonia $10.76
🇸🇿 Eswatini $7.99
🇪🇹 Ethiopia $7.99
🇫🇰 Falkland Islands $12.99
🇫🇴 Faroe Islands $16.46
🇫🇯 Fiji $7.99
🇫🇮 Finland $12.92
🇫🇷 France $14.54
🇬🇫 French Guiana $13.46
🇵🇫 French Polynesia $11.99
🇹🇫 French Southern Territories $12.92
🇬🇦 Gabon $7.99
🇬🇲 Gambia $7.99
🇬🇪 Georgia $12.70
🇩🇪 Germany $14.00
🇬🇭 Ghana $7.99
🇬🇮 Gibraltar $14.00
🇬🇷 Greece $11.84
🇬🇱 Greenland $16.46
🇬🇩 Grenada $5.99
🇬🇵 Guadeloupe $13.46
🇬🇺 Guam $15.49
🇬🇹 Guatemala $7.99
🇬🇬 Guernsey $13.79
🇬🇳 Guinea $7.99
🇬🇼 Guinea-Bissau $7.99
🇬🇾 Guyana $5.99
🇭🇹 Haiti $5.99
🇭🇲 Heard & McDonald Islands $9.99
🇭🇳 Honduras $7.99
🇭🇰 Hong Kong $9.99
🇭🇺 Hungary $9.85
🇮🇸 Iceland $14.00
🇮🇳 India $5.98
🇮🇩 Indonesia $7.72
🇮🇷 Iran $9.99
🇮🇶 Iraq $7.99
🇮🇪 Ireland $16.15
🇮🇲 Isle of Man $13.79
🇮🇱 Israel $12.67
🇮🇹 Italy $14.00
🇯🇲 Jamaica $5.99
🇯🇵 Japan $10.28
🇯🇪 Jersey $13.79
🇯🇴 Jordan $7.99
🇰🇿 Kazakhstan $10.76
🇰🇪 Kenya $4.52
🇰🇮 Kiribati $7.99
🇰🇼 Kuwait $9.99
🇰🇬 Kyrgyzstan $10.76
🇱🇦 Laos $7.99
🇱🇻 Latvia $10.76
🇱🇧 Lebanon $7.99
🇱🇸 Lesotho $7.99
🇱🇷 Liberia $7.99
🇱🇾 Libya $7.99
🇱🇮 Liechtenstein $21.48
🇱🇹 Lithuania $10.76
🇱🇺 Luxembourg $14.54
🇲🇴 Macau $9.99
🇲🇬 Madagascar $7.99
🇲🇼 Malawi $7.99
🇲🇾 Malaysia $9.65
🇲🇻 Maldives $11.99
🇲🇱 Mali $7.99
🇲🇹 Malta $14.00
🇲🇭 Marshall Islands $15.49
🇲🇶 Martinique $13.46
🇲🇷 Mauritania $7.99
🇲🇺 Mauritius $7.99
🇾🇹 Mayotte $13.46
🇲🇽 Mexico $12.62
🇫🇲 Micronesia $15.49
🇲🇩 Moldova $10.76
🇲🇨 Monaco $14.54
🇲🇳 Mongolia $7.99
🇲🇪 Montenegro $8.61
🇲🇸 Montserrat $12.99
🇲🇦 Morocco $6.41
🇲🇿 Mozambique $7.99
🇲🇲 Myanmar (Burma) $7.99
🇳🇦 Namibia $7.99
🇳🇷 Nauru $11.99
🇳🇵 Nepal $7.99
🇳🇱 Netherlands $12.92
🇳🇨 New Caledonia $11.99
🇳🇿 New Zealand $11.32
🇳🇮 Nicaragua $5.99
🇳🇪 Niger $7.99
🇳🇬 Nigeria $4.48
🇳🇺 Niue $11.32
🇳🇫 Norfolk Island $11.19
🇲🇰 North Macedonia $8.61
🇲🇵 Northern Mariana Islands $15.49
🇳🇴 Norway $9.99
🇴🇲 Oman $10.49
🇵🇰 Pakistan $2.82
🇵🇼 Palau $15.49
🇵🇸 Palestine $7.99
🇵🇦 Panama $8.99
🇵🇬 Papua New Guinea $7.99
🇵🇾 Paraguay $5.99
🇵🇪 Peru $9.28
🇵🇭 Philippines $7.19
🇵🇳 Pitcairn Islands $7.99
🇵🇱 Poland $10.68
🇵🇹 Portugal $12.92
🇵🇷 Puerto Rico $15.49
🇶🇦 Qatar $9.99
🇷🇪 Réunion $12.49
🇷🇴 Romania $10.76
🇷🇼 Rwanda $7.99
🇼🇸 Samoa $7.99
🇸🇲 San Marino $14.00
🇸🇹 São Tomé & Príncipe $7.99
🇸🇦 Saudi Arabia $11.47
🇸🇳 Senegal $7.99
🇷🇸 Serbia $8.61
🇸🇨 Seychelles $7.99
🇸🇱 Sierra Leone $7.99
🇸🇬 Singapore $13.02
🇸🇽 Sint Maarten $12.99
🇸🇰 Slovakia $10.76
🇸🇮 Slovenia $8.61
🇸🇧 Solomon Islands $7.99
🇸🇴 Somalia $7.99
🇿🇦 South Africa $8.41
🇬🇸 South Georgia & South Sandwich Islands $9.99
🇰🇷 South Korea $10.25
🇸🇸 South Sudan $7.99
🇪🇸 Spain $14.00
🇱🇰 Sri Lanka $7.99
🇧🇱 St. Barthélemy $5.99
🇸🇭 St. Helena $7.99
🇰🇳 St. Kitts & Nevis $12.99
🇱🇨 St. Lucia $5.99
🇲🇫 St. Martin $5.99
🇵🇲 St. Pierre & Miquelon $14.54
🇻🇨 St. Vincent & Grenadines $5.99
🇸🇩 Sudan $7.99
🇸🇷 Suriname $5.99
🇸🇯 Svalbard & Jan Mayen $9.99
🇸🇪 Sweden $12.32
🇨🇭 Switzerland $21.48
🇹🇼 Taiwan $10.49
🇹🇯 Tajikistan $12.70
🇹🇿 Tanzania $7.99
🇹🇭 Thailand $9.90
🇹🇱 Timor-Leste $7.99
🇹🇬 Togo $7.99
🇹🇰 Tokelau $11.32
🇹🇴 Tonga $7.99
🇹🇹 Trinidad and Tobago $12.99
🇹🇳 Tunisia $7.99
🇹🇷 Türkiye $3.38
🇹🇲 Turkmenistan $10.76
🇹🇨 Turks & Caicos Islands $12.99
🇹🇻 Tuvalu $7.99
🇺🇸 U.S. Outlying Islands $9.99
🇻🇮 U.S. Virgin Islands $15.49
🇺🇬 Uganda $7.99
🇺🇦 Ukraine $8.07
🇦🇪 United Arab Emirates $10.62
🇬🇧 United Kingdom $13.79
🇺🇸 United States $15.49
🇺🇾 Uruguay $12.99
🇺🇿 Uzbekistan $10.76
🇻🇺 Vanuatu $7.99
🇻🇦 Vatican City $14.00
🇻🇪 Venezuela $5.99
🇻🇳 Vietnam $9.08
🇼🇫 Wallis & Futuna $7.99
🇪🇭 Western Sahara $9.99
🇾🇪 Yemen $7.99
🇿🇲 Zambia $7.99
🇿🇼 Zimbabwe $7.99


Other wealthy countries like Denmark, Ireland, and the U.S. were in the top five most expensive countries for Netflix subscriptions, ranging from $16.46 to $15.49.


On the opposite side of the pendulum, Pakistan had the lowest Netflix subscription cost at $2.82 per month. It was followed by Türkiye at $3.38 and Argentina at $3.57.

Several factors influence the flux in pricing of Netflix subscriptions across different nations. These include:

Economic Factors: Netflix tailors its prices to align with the purchasing power of consumers in each market. Countries with higher average incomes typically bear higher subscription costs.
Market Competition: The presence of strong local streaming services can exert downward pressure on Netflix prices, forcing it to adjust its offerings to remain competitive.
Content Licensing: The cost of acquiring content rights varies across regions, influencing the overall pricing structure. Countries with higher licensing fees may experience higher subscription costs.
Currency Fluctuations: Currency exchange rates can impact Netflix’s pricing model, leading to occasional adjustments or fluctuations in subscription costs.
While affordability remains a primary concern for consumers, Netflix’s pricing strategy also aims to balance accessibility with content acquisition and profitability.

As the streaming industry continues to evolve, it will be interesting to observe how Netflix adapts its pricing model to maintain its global dominance while catering to the diverse needs and preferences of its audience.

SOURCE:https://brandspurng.com/2024/03/07/how-much-netflix-costs-in-every-country/

Airtel Africa has purchased 991.861 units of its shares of $0.50 each on the London Stock Exchange from Citigroup Global Markets.

In corporate notices filed with the Nigerian Exchange Limited, the transactions took place on Friday and Monday.

Airtel Africa revealed plans for a $100m share buyback programme starting March 2024 as it announced its nine-month results ended 31 December 2023.

The share buy-back programme is expected to be phased over two tranches, with the first tranche commencing March 1 and anticipated to end on or before August 2024. The first tranche will amount to a maximum of $50m.

The company said that the sole purpose of the buy-back programme is to reduce the capital of the Company. As such, all shares purchased under the buy-back programme will be cancelled.

Since the commencement of the share buy-back programme, the company has purchased 991,861 ordinary shares in aggregate, at a volume-weighted average price of £97.07 per ordinary unit.

Meanwhile, Airtel Africa reported a 99.6 per cent decline in its post-tax profit to $2m at the end of the nine months ended December 2023 from $523m at the end of the same period in 2022.

Providing insights into the loss, the firm said, “Profit after tax was $2m in the period, primarily impacted by significant foreign exchange headwinds, particularly the $330m exceptional loss after tax following the devaluation of the Nigerian naira in June 2023 and the Malawian kwacha in November 2023 after the structural changes in their respective FX markets.

“The Nigerian naira devalued further in Q3’24, resulting in a $140m derivative and foreign exchange losses net of tax, which is not treated as an exceptional item.”

In its nine-month results for the period ended December 31, 2023, filed with the Nigerian Exchange Limited on Thursday, the firm declared a 1.4 per cent moderation in its revenue to $3.86bn from $3.91bn in December 2022.

SOURCE:https://brandspurng.com/2024/03/08/airtel-africa-buys-back-991861-shares-from-citigroup/

The Central Bank of Nigeria (CBN) has placed limits on foreign exchange (FX) sales by Bureau De Change (BDC) operators.


BrandSpur Nigeria reports that the apex made this known in a document titled ‘Revised Regulatory and Supervisory Guidelines for Bureau De Change Operations in Nigeria’, released on February 23, 2024.

According to the circular, BDCs may sell foreign currency in the equivalent of $4,000 and $5,000 for personal travel allowance (PTA) or business travel allowance (BTA) to an individual once every six months.



CBN said the sale of foreign currencies to the intending travellers must be accompanied by their bank verification number (BVN) or tax identification number (TIN), duly completed e-form, valid international passport, valid visa, and valid international return ticket.

In addition, for BTA, the apex bank said a letter of request from the corporate body stating the purpose of the visit addressed to the processing BDC, as well as a certificate of the business registration or incorporation, must be submitted by customers.


Also, the CBN mandated that a letter of invitation from the customer’s overseas business partner and a tax clearance certificate be presented by the customer.

The apex bank said: “The amount of foreign currency sold and date of sale shall be endorsed on the passport. A photocopy of the documents, forex endorsement page, and sales receipt shall be filed in a sequential order by the BDC.”

CBN also said BDCs may sell foreign currency up to the equivalent of $5,000 to a customer for medical bills once a year.

The Apex bank said such a bill shall be transferred from the BDC’s domiciliary account to a Nigerian bank.

“It shall be paid directly to the hospital and supported by valid visa, duly completed e-Form A, letter of reference from a specialist doctor, or a specialist hospital in Nigeria, and valid international passport,” the apex bank said.

Other necessary documents listed by the financial regulator include a valid air ticket and a letter issued by the overseas specialist doctor stating the cost of treatment.

According to the apex bank, BDCs may sell foreign currency up to the equivalent of $10,000 to a customer for school fees once a year.

It said: “Such fee, which shall be transferred from the BDC’s domiciliary account with a Nigerian bank, shall be paid directly to the school and supported by the following documents: duly completed e-Form A, evidence of admission/course programme, valid air ticket, and letter issued by the overseas specialist doctor stating the cost of treatment, and school bill/invoice.

“For post-graduate studies, photocopy of first degree certificate or its equivalent/certified true copy of statement of result by the awarding institution.

“The CBN may review the amounts and frequencies for sale of foreign exchange from time to time.”

SOURCE:https://brandspurng.com/2024/02/27/cbn-limits-dollar-purchase-from-bureau-de-change/

The Leader Of INRI Evangelical Spiritual Church, Primate Ayodele has commissioned an ultra-modern health care centre and gifted cars to his church members today Friday, 16th of February, 2024 in commemoration of his annual thanksgiving programme tagged ’21 days of unlimited praise’.


The event was well attended by prominent members across different sectors including the CEO of SIFAX Group, Dr. Taiwo Afolabi who unveiled the health care centre, the Vice-chairman of Ikorodu Local government, Aarebirin Honourable Princess Folashade Olabanji-Oba, Lagos commissioner of police, Adegoke Fayoade, Oniworo of Iworo, Oba Oladele Kosoko, to mention a few.

Stating the reason behind the health care centre, Primate Ayodele explained that the less privileged have issues accessing health care and even for an average Nigerian, it’s becoming unaffordable. Therefore, in his own little way to bring succor to the people, he thought of building a health care centre within his church where people can have access to 24/7 medical assistance.



To add to his several philanthropic projects, Primate Ayodele revealed plans to begin a free launch programme to the needy later in May and another edition of palliative market in July 2024.


‘’The average Nigerian is battling with so many things and health care is one of them. People have died because of illnesses that were not attended to because they couldn’t access medical assistance. My decision to build a healthcare centre for the people is borne out of the need to address the lack of medical assistance when it is needed. This is my own little way of assisting the government and largely, bringing succor to the people in order to prevent avoidable deaths’’


While reacting to this laudable project, Dr. Taiwo Afolabi appreciated Primate Ayodele for always giving back to the society especially the underprivileged. He acknowledged the several works of Primate Ayodele while confessing that he is surprised at the prophet’s philanthropic activities.

He also made it known that he sincerely loves Primate Ayodele for all he does for the less privileged and it’s the reason he attended the event despite his busy schedule.

‘’We are seeing your hand work, I pray God blesses and gives you more anointing. We are also doing something like this and we want to replicate it everywhere. We want you to keep it up because you are helping the needy in the society.’’

Also, Oba Oladele Kosoko commended Primate Ayodele for his massive empowerment programmes while vowing to always answer the man of God whenever he calls upon him for anything. Likewise, Princess Folashade Olabanji-Oba who anchored the presentation of the car gifts and other provisions made to the less privileged attested to Primate Ayodele’s unprecedented kindness to the people.

Continuing, Primate Ayodele gave out accommodation fees, shop rent, household items like mattresses, refrigerators, televisions, JAMB forms, work equipment, to mention a few.

It would be recalled that On Wednesday, 14th Of February, 2024, Primate Ayodele held the second edition of his palliative market where a bag of rice was sold for N20,000, a bag of beans was sold for N2,000, Tubers of yam were sold for N1,500, a bag of Semovita was sold for N1,500, garri was sold for N3,000, a carton of Indomie sold for N1,500, wheat was sold for N2,000 and gave out five cars to church members and a journalist.

The 21 days of unlimited praise started on January 29 and will be ending on Sunday, 18th Of February with the commissioning of a new church cathedral.

SOURCE:https://brandspurng.com/2024/02/16/photos-primate-ayodele-commissions-ultra-modern-health-care-centre-in-lagos/