₦airaland Forum

Isiagu Café Liqueur, a new spirits brand, was recently introduced by Emperor Beverages Limited management at a ceremony on Friday in Onitsha, the commercial centre of Anambra State.


Nnenna Uche-Onyenacho, the company’s senior brand manager, revealed the drink during the occasion and said it was created using extensive research done among their target market in the South-East.

She mentioned that the new product, which is adapted to the expectations and taste preferences of the locals, was created using the research’s findings.


“This drink resonates with the dignity, unity, and love shared by Igbos; hence the tagline of ‘nmanya nwafor’, which aptly describes all those attributes,” she added.


Similarly, Gbemileke Lawal, the company’s marketing manager, said that the new drink is meant to be indulgent and delivers a distinct flavour and experience.


The company’s principal distributor, Sunny Nwankwo and Sons Limited’s managing director, applauded the launch of the new beverage.

The entrepreneur continued, saying that he and the other distributors will establish the beverage as “a household name in Igboland.”

SOURCE:https://brandspurng.com/2024/06/23/emperor-beverages-launches-new-liquor-brand-in-anambra/

The first assembly facility of BURN, a well-known producer, distributor, and developer of carbon projects for clean cookstoves, has opened in Kano, Nigeria.


In line with a corporate statement, the facility is expected to transform the nation’s household’s access to reasonably priced, eco-friendly kitchen appliances.

According to the statement, BURN has been providing ultra fuel-efficient biomass and LPG cooking appliances to the Nigerian market since 2018, affecting the lives of over 23.1 million people. Regarding employment, the company stated that it has over 700 employees, of which 50% are women, with 200 working in manufacturing and 500 in sales and distribution.

With a monthly production capacity of 100,000 pieces, the company’s 3,700 m2 Kano facility presently manufactures 40,000 cooking appliances. In 2025, it plans to raise this to one million units each month.


According Etulan Ikpoki, Country Manager, Nigeria, “We are excited to announce this expansion, reinforcing our commitment to growing our operations in Nigeria. By the end of the year, we will be producing 100,000 units per month to meet the rising demand for clean cooking solutions in the country.”


Through a 60–100% cost subsidy on stoves, BURN uses carbon financing to make its clean cooking appliances affordable for homes throughout the continent. Families may now get a $40 life-saving cooker for $5 thanks to the company’s $60 million in carbon credit savings over the past 18 months.

Etulan further said, “To date, we have delivered $15 million in discounts to Nigerian households through carbon credit finance.”

With the production and distribution of more than 4.5 million clean cookstoves since its founding in 2011, BURN has improved the lives of 25.1 million people and stopped 21.7 million tonnes of CO2 from entering the atmosphere. BURN wants to equip every Nigerian home with its ECOA line of fuel-efficient appliances, which includes electric, cookware, LPG, ethanol, and biomass.

SOURCE:https://brandspurng.com/2024/06/19/burn-to-launch-its-first-assembly-plant-in-kano/

Adrian Wood, a former CEO of MTN Nigeria, has been appointed to run Ntel, a struggling telecoms business, in its attempt to restructure and rebrand.


Wood, who took over the role in January of this year in a stealthy manner, has revealed his intentions to seek $550 million from investors in order to rebuild the business. This was revealed by the newly appointed Ntel CEO in a June 5, 2024 letter to the workers, a copy of which Nairametrics was able to view.

Launched in 2016, Ntel is a division of the government-owned NITEL that was purchased by NATCOM Development and Investment Limited (NatCom). But over time, its fortune has diminished.



The manoeuvres for the comeback In a letter to the company’s employees, Wood outlined the actions he has taken since taking on the role of CEO in January of this year.


He stated, “On 21 May I visited the EVC/CEO of the Nigerian Communications Commission, Dr Aminu Maida. We had a very productive session about the forward plan for NatCom, our role in industry building, as well as the prospects for raising equity and debt capital to fund a complete new 4G/5G network design and rollout nationwide.


“In the background, I have been engaging with potential institutional investors. When the new financial business plan and offering document are ready soon, there will be a roadshow to raise (estimated) US$500 million to US$550 million, to restructure, rebuild and develop NatCom.

“Already, together with CIO Anthony Adegbola, one New York investment fund visited some of our Lagos facilities. With the visitor, I also had a positive meeting with the African Capital Alliance, one of Nigeria’s (and Africa’s) premier private equity funds groups. ACA was an early-stage investor in MTN Nigeria. They told us it remains their investment with the best returns, ever.

“Next week I will be seeing three other potential institutional investors.”

The investors on target, he continued, are focused on Africa, have offices in Nigeria, and have made investments in other sectors of the Nigerian economy. They are also looking to fund digital infrastructure initiatives.

However, he pointed out that obtaining significant financial commitments in multiple phases would need months of discussions. He stated that the company would use a facility from AMCON, a 55% shareholder in NatCom, before receiving fresh investments to go through the critical stages of project management office planning, new capital creation, and network rollout, before relaunching the business.

New Brand

Wood told the employees to be optimistic, but at the end of the ongoing reorganisation process, the company would have a new identity.

Assuring the staff, “There will be a set of business strategies that are fresh, innovative, and new to the market. There will be products and services, and service combinations, which do not exist in Nigeria at present. All technical systems and platforms will be constructed and rolled out nationwide, from the ground up. It will be an enormous undertaking – but we will prevail. I am sure of it.”

What You Should Know

The national fixed and mobile providers of Nigeria, NiTel/MTel, sold their main telecom assets to NatCom Development & Investment Ltd (NatCom) in 2014 under a managed liquidation process.

– The company called its first Voice-over-LTE (VoLTE) call in Lagos on Thursday, February 25, 2016, after making its first on-net test data call in Lagos on Monday, January 18, 2016.
– Notwithstanding these challenges, the company managed to establish complete network coverage in Abuja within the first six months of operation, subsequently extending to substantial portions of Lagos, Ogun, Nasarawa, and Niger states.
– It improved its self-care recharge through its website, introduced full VoLTE services, inked a historic agreement with Samsung, and revolutionised the broadband market with its lightning-fast and limitless data offerings.
– Industry observers, however, think that NTEL’s April 2016 4G service launch was a mistake because few customers at the time had 4G-capable phones, leaving NTEL to operate alone in a sparsely connected environment.

SOURCE:https://brandspurng.com/2024/06/20/ntel-employs-former-ceo-of-mtn-nigeria/

Cadbury Nigeria PLC, the company behind TomTom Candy, a menthol candy, has established a relationship with Fireboy and The Cavemen, two of Nigeria’s most popular musicians. Together, they will represent the TomTom brand as brand ambassadors, using a range of promotional techniques.


An official statement from the Tom-Tom brand management noted that the reveal, which happened in Lagos, combined the company’s dedication to innovation and quality with Fireboy and The Cavemen’s unmatched skill and prominence in the music business in a strategic alliance. Fireboy and The Cavemen will be essential in connecting and educating a wide range of people about TomTom’s activities as brand ambassadors.

According to Morolake Emokpaire, Marketing Lead, West Africa at Mondelēz International in the statement, “We are thrilled to announce the addition of Fireboy and The Cavemen to the Cadbury Nigeria PLC family.



“Their genuine musical prowess and unwavering dedication perfectly align with our brand ethos, positioning them as ideal ambassadors to harmonize with our audience in resonant and meaningful ways,” she added.

One of Nigeria’s most sought-after musical talents is Fireboy, who is known for his deep vocals and chart-topping tunes. The Cavemen, renowned for their distinctive fusion of modern and highlife sounds, have similarly enthralled audiences with their contagious enthusiasm and unusual inventiveness.

Fireboy stated that he and Cavemen were thrilled about the collaboration and couldn’t wait to work with Tom-Tom. “Excited to partner with TomTom and embark on this new journey as brand ambassadors. Together, we anticipate creating memorable experiences and inspiring positive change through our collaboration,” he said.

The local news brand holds that, Cadbury Nigeria PLC further demonstrates its leadership in the sector and fortifies its brand position by forming partnerships with Fireboy and The Cavemen.

SOURCE:https://brandspurng.com/2024/06/19/cadbury-nigeria-plc-employs-fireboy-the-cavemen-as-brand-ambassadors/

The Dangote Sinotruk West Africa Limited, is an assembler and producer of a full range of commercial vehicles, covering heavy duty trucks and other semi trailers, serving the local transportation industry.


Aliko Dangote, Founder and CEO of Dangote Group and Conglomerate in a conference states that “Joint ventures Company with a total investment of $100m funds for the truck assembly, which is owned 60% by Dangote Industries, 30% by Sinotruk China and 5% by others.”

The decision to invest in the truck by the management was part of their back integration strategies to add value and reduce imports.



According to Dangote, “our aim is to meet the expected current demand of this segment of automobiles required for logistics, construction, food and beverages industries in Nigeria and I’m sure we are going to fully participate in the new Compressed Natural Gas (CNG) which I think the government is driving. But we alone in Dangote, we have actually committed to buying 10,000 of the CNG trucks,” he stated.


Speaking about the milestone, Akpabio Godswill, The Senate President of Nigeria said, “I’m sure even the President of the country would be glad to receive reports from us on what is going on in Lagos. And how you and the governor of Lagos are collaborating together with the federal government to take children off the street, off criminality into gained employment.”

Babajide Sanwo Olu, Governor of Lagos State added “We have seen the benefits of what they are doing here, we have procured from them the orange compactor trucks that were seen on the roads of Lagos. We have also publicly made another order for 100 trucks of the compactor because we found out that they are reliable.”

Hikmat Bahadur Thapa, Group General Manager Project, in an interview with the press, disclosed they are working tirelessly to mount the trucks. He also stated they are doing multiple jobs, including welding, and painting, to produce more than 30,000 trucks per annum.

Ifeanyi Uba, an industrialist and politician spoke on the economic value of the development, “It’s a big boost for Nigeria and those Nigerians that are in the industry of transportation, believe that we can have innovative vehicles that can serve. That’s a good plus for Nigeria,” he added.

In the next 12 months, the plant will begin to fabricate different types of trailers to increase value addition up to 60%.

SOURCE:https://brandspurng.com/2024/06/12/dangote-commences-local-truck-production-partners-with-sinotruk/

President Bola Ahmed Tinubu has commended the Singaporean business conglomerate, the Tolaram, for believing in Nigeria and having absolute faith in her economy.
Tolaram, which partnered Nigeria to build the Lekki Free Trade Zone and the country’s first deep sea port, has acquired Diageo’s 58.02 per cent shareholding in Guinness Nigeria Plc.
According to an announcement at the Nigerian Exchange on Tuesday, Tolaram will also enter into long-term license and royalty agreements for the continued production of the Guinness products and its locally manufactured Diageo ready-to-drink and mainstream brands.
President Tinubu said Tolaram, by acquiring Diageo’s shares in Guinness, had shown that it has a long-term view of doing business in Nigeria.
Tolaram has been doing business in Nigeria in the last 50 years.
In choosing to expand its investment footprints in Nigeria, Tolaram has demonstrated strong faith and confidence in Nigeria’s economy.
President Tinubu welcomes Tolaram to the beverage sector of Nigeria’s business landscape and hopes the group’s business will continue to flourish.
President Tinubu gives assurances to investors and Nigeria’s businesses, promising that his government will continue to make the operating environment more conducive and transparent.
He said that the multi-pronged reforms and interventions being implemented on the economic and financial fronts would deliver sustained growth and enduring profitability for investors.

SOURCE:https://brandspurng.com/2024/06/12/president-tinubu-commends-tolaram-for-reposing-confidence-in-nigerias-economy/

In the Nigerian market, the majority of permitted mobile phones are currently from the Chinese Transsion Group, which includes Tecno, Infinix, and iTel.


This is in line with the most recent information provided by the Nigerian Communications Commission (NCC), which showed that as of June 6, 2024, there were 2,257 authorised phones on the market.

The various brands and models of devices are those that the telecoms regulator has evaluated and determined to comply with the relevant type approval standards necessary for their sale to Nigerian consumers.

2,155 phones had been certified by the telecom authority as of December of last year. This indicates that thus far this year, mobile manufacturers have obtained certification for 102 new phone models.


Transsion Accounts For 26%

According to NCC data, Tecno, Infinix, and iTel are among the phone brands under Transsion Group that currently have 598 models authorised for sale in Nigeria. This amounts to 26 percent of all authorised phones available on the market.

Nokia, which HMD Global is marketing in Nigeria, ranked second in the market with 310 devices that are now authorised. Samsung comes in second with 231 mobile devices that have been approved and released into the market.

The national brand news discloses that other well-known companies on the market with over 40 authorised models are Vivo, Oppo, Xiaomi, Huawei, and Oppo.

Why Mobile Phones Are Subjected To Approval

Umar Danbatta, the approval of mobile devices for the market became necessary to tackle the menace of counterfeit phones being sold in the market. He noted that the list of approved phones published by the Commission allowed Nigerians to check if the phone they want to buy has been tested and approved for the market.

In order to combat the threat of counterfeit phones being offered in the market, Prof. Umar Danbatta, the former Executive Vice Chairman of the NCC, stated that mobile device approval for the market became imperative. He pointed out that Nigerians may verify whether the phone they wish to purchase has undergone testing and been given the all-clear to hit the market by consulting the Commission’s list of approved phones.


“The menace of counterfeit and substandard handsets has assumed a global dimension and requires a lot of education on the part of the consumers and collaboration with other government agencies to address it.

“Cases of influx and patronage of counterfeit handsets are more rampant in developing countries, such as Nigeria, where importers bring in substandard phones without recourse to the regulatory type-approval process aimed at certifying such devices as fit for the market,” he stated.

More Insights

As of March 2024, the nation had over 219 million active mobile subscribers, making it a potential market for global mobile makers. As a result, mobile phone makers are now flooding the nation.

The Nigerian Communications Act of 2003 gives the NCC the authority to create and enforce standards for all telecom equipment used in Nigeria, ensuring that it functions efficiently and safely in the country’s communications infrastructure. Thousands of unapproved phone brands are still being marketed nationwide, meanwhile, in spite of regulatory attempts.

Continuing, though the unauthorised phones are typically fraudulent or of lower quality, they sell more quickly than the certified ones because of their lower price.

SOURCE:https://brandspurng.com/2024/06/11/chinese-brands-dominate-phone-market-in-nigeria-as-ncc-approves-2257-phones/

Dr. Adaora Umeoji, the recently appointed Group Managing Director of Zenith Bank Plc, started work at the bank’s Lagos headquarters on Monday.

She becomes the bank’s first female MD with her appointment. This was disclosed by the business in a video that was posted on Facebook on Monday.


It was captioned “Dame (Dr.) Adaora Umeoji OON, Group Managing Director / CEO, Zenith Bank Plc, arrives Zenith Bank Head Office in Lagos.”


The company’s secretary, Michael Otu, reportedly said in a statement that Umeoji’s appointment took effect on June 1st, according to local brand news.


Dr. Ebenezer Onyeagwu, the outgoing GMD, whose term ended on May 31, is replaced by Umeoji.


Umeoji has about thirty years of banking experience, of which twenty-six have been with Zenith Bank. Prior to this appointment, he served as the bank’s deputy managing director from October 28, 2016.


SOURCE:https://brandspurng.com/2024/06/05/zenith-bank-appoints-dr-adaora-as-its-first-female-gmd/

In appreciation of its employees’ contributions to the sustainable progress and achievements recorded over the years, Egbin Power Plc has held its prestigious Long Service Award and Employee Recognition Award (ERA) 2024 to honour individuals and teams for their dedication and outstanding performance.


A total of 144 employees received the Long Service Award for completing a decade with the company as of May 2024. Additionally, numerous employees were recognized with the Employee Recognition Award for their stellar performance over the past year.

Recipients of the Long Service Award represented a wide range of departments, including Instrumentation & Control, Mechanical, Electrical, Human Resources, Finance, Subject Matter Expert (SME), Support Services, Technical Laboratory, Workshop, Quality Health Safety and Environment (QHSE), Procurement, Business Operations, Chemistry, and Operations.

While those who received the Employee Recognition Award were individuals recognized for the exceptional qualities displayed while carrying out their tasks, and therefore adjudged winners in the various awards categories.

Egbin Power emphasized that the unwavering commitment, expertise, and contributions of its employees have enabled the company to continuously provide safe and reliable power, thereby supporting the socio-economic development of the nation.


Speaking at the event, Chief Executive Officer Mokhtar Bounour noted that this milestone celebration reaffirms the company’s culture of recognition, creating a win-win situation for both employees and employers and fostering a thriving workplace.


“We are celebrating our colleagues who have dedicated a decade of their careers to this company. Their unique blend of fresh talent and seasoned experience has fostered a culture of innovation and continuous improvement, positioning Egbin Power at the forefront of the power generation industry” said Bounour.

He added, “Your contributions extend far beyond the walls of this company. By powering homes, businesses, and vital infrastructure, you have directly impacted the lives of millions. The stability you provide allows industries to thrive, communities to flourish, and society to get better.”

Bounour further noted that the energy sector is evolving rapidly, presenting new challenges and opportunities. “I have no doubt that with your continued support and dedication, we will navigate this changing landscape successfully and continue to lead with innovation and excellence. As we look towards the future, your expertise and unwavering spirit will continue to be instrumental in powering a brighter tomorrow for Nigeria.”

Egbin Power Plc takes immense pride in its dedicated workforce. The Long Service Awards are a testament to the company’s commitment to recognizing and rewarding the exceptional contributions of its employees. As they look towards the future, Egbin Power, fuelled by its dedicated team, remains confident in its ability to continue powering progress and shaping a brighter future for Nigeria.

The company affirmed that the Board and Management are committed to creating a positive and supportive work environment that recognizes and rewards employee contributions while constantly strategizing to drive innovation, promote human capital development, and improve operations to deliver positive results for the power sector.

SOURCE:https://brandspurng.com/2024/06/02/egbin-power-honors-employees-for-long-service-and-outstanding-performance/

Dana Air, the main airline in Nigeria, has declared a big advancement in its quest for a thriving aviation industry comeback.


Following an incident, the Nigeria Civil Aviation Authority (NCAA) halted the airline’s operations in April. However, in order to restore service, the airline underwent an audit, and during that time, it took significant steps to demonstrate a renewed commitment to adhering to standard operating procedures.

During a critical meeting with the Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, in Abuja, Dana Air CEO, Jacky Hathiramani revealed this.



The CEO of Dana Air claims that the airline has made great strides towards reviving its operations, and the board of the airline is currently in negotiations with a new investor who is also keen to bring in new ideas, a different fleet of cutting-edge aircraft, and possibly new hires, all of which point to a bright future for both the airline and the sector as a whole.


Hathiramani said “In line with its vision for growth, innovation and excellence, Dana Air is eagerly anticipating the arrival of brand new aircraft, which will not only enhance its operational efficiency but also elevate the overall passenger experience.


Furthering, “These modern fleet of aircraft are set to redefine air travel standards, passengers comfort and safety and reinforce Dana Air’s position as a preferred choice for travelers across Nigeria,” he added.

SOURCE:https://brandspurng.com/2024/06/03/dana-airline-ceo-meets-minister-of-aviation-ready-to-meet-aviation-needs/

Once approved, global enterprises and merchants will be able to expand their businesses to Mozambique to accept payments online
Flutterwave, one of Africa’s leading payment companies, has secured a Mozambique payment aggregator licence in principle.


Once approved, global enterprises and merchants will be able to expand their businesses to Mozambique, accept payments, and reach their Mozambican customers, expanding their reach.

What They’re Saying
Olugbenga “GB’ Agboola, Founder and CEO of Flutterwave says: “We are grateful to the Central Bank of Mozambique for this approval. It comes at the right moment when Mozambique’s digital payment ecosystem is experiencing tremendous growth.



As individuals’ and businesses’ payment needs evolve across the country, we are ready to leverage our technology, extensive industry experience, and comprehensive solution to meet their diverse payment needs. Our goal is to empower local businesses and open doors for global enterprises across all industries by providing them with a secure and convenient payment solution that drives inclusive growth.“

Why This Matters
Mozambique has a rapidly growing e-payment ecosystem. Recent reports project that the country’s total digital transactions value will increase by over 15.28% (CAGR) over the next four years, resulting in a projected total amount of over US$9 billion by 2028.


Zoom Out
Flutterwave has been seemingly preparing for an IPO soon with Flutterwave’s CEO stating that their recent hires including a new board chair, two independent directors, and experienced executives were needed to fill roles needed to “translate tech speak” for regulators.

The Big Picture
With this new license acquisition, Flutterwave now operates in 34 African countries

SOURCE:https://brandspurng.com/2024/05/30/flutterwave-receives-payment-licence-from-central-bank-of-mozambique/

The Jollof+ app, a digital savings option from Baobab Microfinance Bank, allows users to earn up to 24% on their savings, with the goal of encouraging financial inclusion and helping Nigerians develop a savings habit.


Speaking at the product launch in Lagos, the bank’s acting managing director, Eric Ntumba, referred to the Jollof+ digital savings offering as a state-of-the-art savings tool designed to lessen the damaging effects of inflation on Nigerians’ savings.

The nation’s inflation rate has been rising steadily, and it hit 33.69 percent in April of this year. “Jollof+ Plus offers high interest savings options to help users fight inflation.” The value of savings is impacted by inflation, so Jollof+ provides competitive interest rates to help users boost



According to him, customers can get up to 24 per cent interest on their savings, of the highest offerings in the Nigerian market, whilst providing individuals and families with easy access to high interest savings accounts fostering financial growth and security.


He noted that the offerings which range from Jollof Flex, JollofLock, Ajo and Babybox ensures that customers can manage their financial activities seamlessly whilst tracking the progress of their savings habits.


Explaining the offerings, Ntumba said the JollofLock allows users to lock their funds for a specified period, earning higher interest rate compared to regular savings accounts. The offering which pays interest upfront helps users maximise returns by committing their savings for fixed durations.



Ajo+ is a target savings tool that encourages financial discipline and lets users save either individually or collectively to reach a goal while earning up to 18%. Through the Babybox feature of the app, users can earn up to 17% interest on their savings for their children’s future.


SOURCE:https://brandspurng.com/2024/05/31/baobab-mfb-introduces-jollof-to-combat-inflation/

When it comes to the operations of medical facilities in this day and age, the Lagos University Teaching Hospital (LUTH), Idi-Araba, is a shining example of innovation. With rising electricity prices and an increasing amount of delinquent bills from government agencies, LUTH has made a risky move by committing to solar energy to guarantee a steady supply of electricity. This tactical change not only demonstrates the hospital’s dedication to patient care but also the increasing significance of renewable energy in the nation’s healthcare industry.


The complicated web of monetary and infrastructure problems that federal health institutions throughout Nigeria face served as the impetus for LUTH’s decision to switch to solar power. Hospitals and other government organisations are finding it difficult to pay their electricity bills since the Nigerian Electricity Regulatory Commission (NERC) announced increases in electricity pricing. Due to outstanding debts of N47 billion, the Abuja Electricity Distribution Company (AEDC) recently threatened to cut off power to the Presidential Villa and other important government buildings. With a debt of almost N12 billion, the Nigerian Army was one of the biggest borrowers.

The severity of this situation has been especially high in medical facilities. For example, the University College Hospital (UCH) in Ibadan experienced numerous blackouts in March as a result of unpaid invoices totaling N495 million. The hospital’s capacity to deliver critical services was seriously impeded by the disconnections, putting patients’ and employees’ health in serious danger. In a letter to the Minister of Finance, Prof. Jesse Otegbayo, the Chief Medical Director (CMD) of UCH, brought attention to the terrible circumstances, expressing regret that the hospital’s monthly government subvention was not enough to meet its many costs, including energy bills.


In a similar vein, the exorbitant cost of electricity has put LUTH under tremendous financial hardship. The hospital spends as much as N150 million a month on electricity, according to the current Chief Medical Director, Prof. Wasiu Adeyemo, while only receiving a pitiful N14 million in government power subsidies. Prof. Chris Bode, the former Chief Medical Director, expressed similar worries, pointing out that the hospital’s gas-powered hybrid energy system was in danger due to rising petrol prices. The ongoing provision of healthcare services has made the investigation of alternate energy sources necessary due to these cost constraints.


Speaking on these challenges, LUTH has taken a revolutionary step by integrating solar energy into its power supply system. This initiative is part of a bigger scheme to create a clean and renewable energy hybrid energy system. The hospital administration, led by Professor Adeyemo, has demonstrated a strong dedication to utilising solar power to mitigate the impact of power outages. It was determined to use solar energy for several reasons.

The rising cost of gas made it increasingly difficult to sustain the hospital’s gas-powered energy system. Then the frequent disconnections by electricity distribution companies (DisCos) due to unpaid bills posed a severe risk to the hospital’s operations. By investing in solar energy, LUTH aims to achieve energy independence, reduce operational costs, and ensure a reliable power supply for its critical healthcare services. First off, maintaining the hospital’s gas-powered energy system became more challenging as petrol prices rose. Second, there was a serious risk to the hospital’s operations from the energy distribution companies’ (DisCos) frequent disconnections owing to unpaid bills. LUTH hopes to attain energy independence, save operating expenses, and guarantee a steady supply of power for its vital healthcare services by making an investment in solar energy.

The recently commissioned test run of the solar energy project marked the start of its execution. Installing solar panels and the accompanying infrastructure to harness solar power is the first step in the process. By expanding this system to include the entire hospital, a reliable and sustainable power source will be made available. Prof. Adenoma is optimistic that the project will be completed by year’s end and greatly improve the hospital’s ability to provide services.

Continuing, the public supply supplied just 8.3% of the electricity required over a week during the test run, while the hospital’s Ward A’s alternative power source supplied 91.7% of the required electricity. “Our partners have demonstrated capacity with the proof of consent and we are satisfied,” said the CMD who disclosed that the hospital has adopted a strategic plan to ensure uninterrupted power supply broken into three segments immediate, intermediate, and long term. “In addition to that, TNL has also donated 30 fans to Ward A. What we have seen now is immediate; we also have our intermediate plan even before these current challenges that we are facing. So now we have this opportunity, we want to commission this and see how it works and some of us that are used to solar and inverter energy systems, you know that the technology has gone ballistic. No gadget cannot be powered by the solar system; so that is the reason why we are here today,” the CMD revealed.

Prof. Adeyemo revealed that the administration chose to test a medical ward called Block A, which comprises wards A2, A3, and A4 in addition to a private unit, following a power audit. The head of LUTH reassured personnel that the alternative power plan would be funded by hospital revenue generated internally and asked them to refrain from misusing the facility. The solution provider, Taranis Novus Limited, said they have produced an all-in-one 20kw/40khh energy solution based on solar renewable energy, according to Mr. Femi Numa, managing director of the company. This method guarantees that power shortages or blackouts will never occur in medical or healthcare establishments.

“Today, as we activate this alternative energy solution, we are setting a new standard for clean energy production in this national centre of medical & healthcare excellence. This solar solution is more than just an assembly of panels and batteries; it is a promise of a brighter, greener future. A future where our energy needs are met not by depleting resources but by harnessing the boundless energy of the sun.

Numa disclosed “The journey to this moment has been paved with challenges, but our collective resolve has turned those challenges into milestones. This project will serve as a model for others to follow, showcasing that renewable energy is not only viable but preferable.”

As stated by Mr. Kehinde Olaleye, deputy managing director of Taranis Novus Limited (TNL), installed lithium batteries and is used to augment the system’s primary energy source, which is the sun. “The last place it will draw from is the grid, and that means whether it’s Band A or Band B, you don’t need to worry,” he said. The project specifications include a 20-kilowatt capacity inverter. During the pilot phase, the system will power basic lighting, fans, sockets for medical equipment, and a few air conditioners in critical areas.

According to Eng. Segun Ogunkeye, Head of Engineering at LUTH, the facility features a 20-kilowatt free energy supply that is backed by eight 48-volt lithium-ion phosphate batteries that have a 10-year lifespan each. He continued by saying that the inverter, solar panels mounted on the building’s roof, and energy from the national grid will all be included in the experimental programme. He advised, “This is not the only place that we have an inverter in this hospital but this is the only place that we have an inverter with panels. And my advice to all the users of this equipment is that misuse should not be encouraged. An inverter is not meant to power heating elements like a hot plate or boiling ring. We are appealing and also the engineering department has set up a task force that will be monitoring the misuse of this facility.”

Benefits of Solar Energy for LUTH

For LUTH, the use of solar energy offers several advantages. Cost savings is one of them. Promoters of the solar project said that LUTH can drastically reduce its electricity costs and free up money for other essentials like medical supplies, employee wellness, and facility upkeep by lowering its reliance on the national grid and gas-powered energy. In addition to being less expensive, solar energy provides a more dependable power source than the frequently interrupted supply provided by DisCos. This improves patient care by guaranteeing the continuous operation of vital medical facilities and equipment. The project contributes to the quest for environmental sustainability as well. As a clean and renewable energy source, solar power supports international efforts to halt climate change. Additionally, experts predict that LUTH will lessen its carbon footprint. Analysts think that LUTH would help create a more sustainable future for the world and Nigeria by lowering its carbon impact.

Energy independence is superior to anything else. LUTH can attain increased energy independence and lessen its susceptibility to outside variables like fuel shortages and tariff increases by installing its own solar power system. Given that a steady and dependable power supply is essential to the efficient functioning of healthcare facilities, this will have a knock-on effect of improving the delivery of healthcare. Continuous energy supply allows LUTH to better serve its patients, boost overall service delivery, and improve working conditions for staff.

Challenges and Future Prospects

Changes to solar energy have some benefits, but they are not without difficulties. Significant initial financial outlay is necessary for solar infrastructure projects. The management of LUTH is certain that these upfront expenses will be exceeded by long-term savings and advantages. To enhance the solar power system’s lifespan and effectiveness, the hospital must also make sure that it is properly maintained and managed. Other medical facilities in Nigeria and elsewhere may be able to learn from the success of LUTH’s solar energy effort. The adoption of renewable energy sources, such as solar power, could offer a workable alternative for lowering operating costs and enhancing service delivery in the healthcare industry as the nation continues to face energy issues. Additionally, this project is in line with worldwide trends toward sustainable energy and may draw funding and assistance from foreign organisations and donors that are eager to advance the development of renewable energy and healthcare.

According to the CMD, LUTH’s choice to use solar energy represents a critical turning point in its attempts to address the issues brought on by Nigeria’s electrical crisis. He claims that by making an investment in a dependable and sustainable power source, the hospital is not only safeguarding its operating future but also serving as a model for other establishments going through comparable challenges. “As the solar energy project progresses, LUTH is poised to enhance its service delivery, ensure better patient care, and contribute to a more sustainable and resilient healthcare system in Nigeria. This bold move reflects our hospital’s commitment to innovation and excellence, demonstrating that even in the face of daunting challenges, proactive solutions can lead to transformative change. As LUTH lights the way with solar energy, it offers a hopeful vision for the future of healthcare in Nigeria and beyond,” he said.

SOURCE:https://brandspurng.com/2024/05/30/luth-adopts-solar-systems-for-smoother-operations/

Nestle Nigeria Plc, on Friday, May 17, 2024, was declared the winner of the prestigious Evergreen Customer Award for the Year (2023) by Toyota (Nigeria) Limited (TNL).


Having emerged as the organization to have purchased that most cumulative number of new Toyota vehicles within the space of five years, between 2019 and 2023, TNL-accredited dealers deemed Nestle fit.

It was discovered from Chief Michael Ade-Ojo, Chairman of TNL, that Nestle was rewarded with office equipment worth about N10 million. This was at the customer-celebrated ceremony held in Lagos and with firms (small, medium and large), and dignitaries in attendance.


Aside winning the Best Customer of the Year award, being the customer with the highest purchase of Toyota vehicles from the TNL dealers in 2023, Nestle was also issued the sum of N5 million.


In the 2023 TNL consumers buy assessment, Roxcon Nigeria Limited and Zenith International Bank came in first and second, respectively, and took home N3 million and


Ade-Ojo greeted the winners and expressed gratitude to them for their support of Toyota (Nigeria) Limited’s after-sale service and top quality products.

He said that the Evergreen winner, who would receive a brand-new Toyota car, would receive the largest reward the next year, even as he pushed others to follow in the footsteps of the victors.

During his speech in the course of the ceremony, Mr. Kunle Ade-Ojo, the Managing Director of Toyota (Nigeria) Limited, discussed the main concept of the yearly awards.

According to him, “At Toyota (Nigeria) Limited, the philosophy of ‘Customer First’ remains the focal point of all our activities. Therefore, at every opportunity, we like to recognize and acknowledge our customers’ overwhelming love and support for us, which has been our driving force over the years.

“Your unwavering patronage of the Toyota brand and unshaken loyalty to it have been awesome,” he added.

Furthering, the disclosed that the awards had been held annually by the company since the first one in 2005 and had only been put on hold because of the COVID-19 pandemic.

He said, “We thank you for staying with us throughout the difficulties brought about by the pandemic.”

Despite the financial difficulties that Nigerian business organisations face, Ade-Ojo emphasised the TNL team’s resolve. He said, “to maintain our culture of providing superior quality products and services to our esteemed customers.

“We will continue to avail you of models that meet your specific needs supported by robust after-sale services,” he further added.

He praised the vision of Chief M. Ade. Ojo, the company’s chairman and manfully referred to as “Mr. Toyota,” whose persistence and insight, he claimed, had transformed the Nigerian auto sector.

SOURCE:https://brandspurng.com/2024/05/28/toyota-awards-nestle-as-best-customer-in-5-years-gifts-n5-million-to-two-other-firms/

For the second year in a row, Dr. Ebenezer Onyeagwu, the Group Managing Director and Chief Executive Officer of Zenith Bank Plc, has won the International Banker 2024 Banking Awards’ Best Banking CEO of the Year in Africa category.For the second year in a row, Dr. Ebenezer Onyeagwu, the Group Managing Director and Chief Executive Officer of Zenith Bank Plc, has won the International Banker 2024 Banking Awards’ Best Banking CEO of the Year in Africa category.

The prize and Onyeagwu’s five-year term’s end fall on Friday, as noted in the International Banker Magazine, United Kingdom, Spring 2024 issue.


On Monday, Onyeagwu expressed felicity at the award in a statement. According to him, “It is indeed an honour to be recognised as the ‘Best Banking CEO of the Year in Africa’ for a second consecutive year. This award is a testament to our team’s collective efforts and our commitment to innovation, growth, and delivering value to our customers and stakeholders. “It also reflects our dedication to sustainability and high ethical standards, which are integral to our overall strategy. I am immensely proud of our accomplishments and look forward to future opportunities for the bank as I hand over the baton to my successor and begin the mandatory regulatory cooling-off period.”


Onyeagwu dedicated the prize to Dr. Jim Ovia, the bank’s founder and chairman, for his mentorship, which was essential to his success as group managing director and chief executive officer; to the staff and management of the bank for their steadfast dedication over the previous five years; and to the bank’s patrons for their steadfast support.


Continuing, Onyeagwu oversaw the bank’s achievement of important benchmarks in sustainability, corporate governance, financial inclusion, and performance.

The bank has won various national and international accolades as a result of these accomplishments, including Best Bank for Digital Solutions in Nigeria by the Euromobey Awards 2023 and Best Bank in Nigeria four times in five years from 2020 to 2022 and in 2024 by the Global Finance World’s Best Bank Awards.

It was identified as the top bank in Nigeria by Tier-1 Capital for the fourteenth year running in the 2023 Top 1000 World Banks Ranking released by The Banker Magazine. It was also included in the World Finance Top 100 Global Companies list in 2023.

The World Finance Banking Awards named Zenith Bank the best commercial bank in Nigeria for three years running, from 2021 to 2023; the World Finance Corporate Governance Awards named it the best bank for corporate governance in Nigeria for two years running, from 2022 and 2023; The Banker’s Bank of the Year Awards named it the bank of the year in 2020 and 2022; and Ethical Boardroom named it the best bank for corporate governance financial services in Africa for four years running, from 2020 to 2023.

Additional accolades include Best Commercial Bank in Nigeria, Most Sustainable Bank in Nigeria, and Best Innovation in Retail Banking in Nigeria at the International Banker 2022 Banking Awards.

Also, he was appointed as the group managing director/chief executive officer on June 1, 2019, as part of Zenith Bank’s succession planning strategy.

He would hand over the reins of leadership of the bank to the first female GMD, Dr Adaora Umeoji.

However, in honour of Zenith Bank’s exceptional risk management procedures and contributions to the larger financial community, the Chartered Risk Management Institute of Nigeria awarded its fellowship Onyeagwu last Thursday.

SOURCE: https://brandspurng.com/2024/05/28/zenith-banks-gmd-emerges-best-ceo-gets-awarded/

MTN Nigeria’s market value increased by N126 billion on May 20, bringing its market capitalization from N4.70 trillion to N4.83 trillion.


MTN contributed significantly to the NGX’s bullish run during the trading day, resulting in a 0.05% gain.

On May 20, Access Holdings led in terms of volume and value traded, with 201.31 million shares trading for N3.406 billion.



The NGX All-Share Index closed at 98,176.58 points, up 50.85 points from the previous 98,125.73. Meanwhile, the total market capitalization increased to N55.536 trillion from the previous N55.508 trillion.


On May 20, the market saw 8,439 transactions, up from 6,934 the day before.

The market’s turnover volume increased by 188% to 405.662 million shares, up from 140.772 million shares the day before. However, the value fell 29% to N6.69 billion from the previous day’s N9.42 billion.
McNichols saw the biggest gain of the day, rising 10%. Berger Paints was up 9.72%, while Regal Insurance increased by 9.68%. WAPIC gained 6.15%, while Cornerstone Insurance increased by 5%.

Champion Breweries was the biggest loser, with a 10% price drop.

Other losers included C&I Leasing, which fell 9.8%; Sovereign Insurance, which fell 9.76%; Chams Holdco, which fell 9.64%; RT Briscoe, which dropped 9.62%; and Jaiz Bank, which fell 9.57%.

Access Holdings led in trading volume, with 201.31 million shares traded, representing a 1.47% increase. Transcorp Plc followed with 38.209 million shares traded, a 2.93% decrease. Zenith Bank saw 15.263 million shares traded, resulting in a 3.05% decline. Nigerian Breweries traded 13.736 million shares, up 0.43%, while Jaiz Bank traded 13.680 million shares.

In terms of value, Access Holdings led with N3.406 billion, followed by Zenith Bank with N484.71 million.

MTN Nigeria followed with N476.55 million, Transcorp with N435.75 million, and Nigerian Breweries with a N316.28 million increase in value.

During the week ending May 17, 2024, the NGX Banking Index fell 5.3% to 791.54 points. On May 20, the bearish sentiment towards banking stocks persisted, as the NGX Banking Index fell 1.5% to close at 779.57 points.

Zenith Bank fell 3.05%, GTCO 1.38%, and FBN Holdings 0.22%.

UBA fell 4.35%, Jaiz Bank 9.57%, Fidelity Bank 1.38%, and Wema Bank 2.19%.

However, Access Holdings and Unity Bank increased their profits by 1.47% and 3.13%, respectively.

Since the announcement of the recapitalization exercise on March 28, banking stocks have fallen by approximately 24.3%, with the NGX Banking Index at 1,029.63 points as of March 28. The continuous bearish performance of banking stocks has contributed to a run of losses in the NGX, with the overall market down 6.11% since then.

With several banks preparing for rights issue programs, shareholder reactions are uncertain. Furthermore, there is concern about the feasibility of raising up to N3 trillion from the NGX through new share issuances.

Like most days, the price of shares worth more than a trillion naira (SWOOTs) remained unchanged, with MTN Nigeria up 2.86% and GTCO and Zenith Bank down 1.38% and 3.05%, respectively.

However, Airtel Africa, BUA Foods, BUA Cement, Dangote Cement, Transcorp Power, Seplat, and Geregu Power did not change their prices during the day.

SOURCE:https://brandspurng.com/2024/05/22/mtn-adds-n126-billion-in-market-boost/

Emirates will resume daily flights between Lagos and Dubai on October 1, 2024, reestablishing a vital link for travelers from Nigeria’s largest city.


The airline will fly this route with a Boeing 777-300ER. Flight EK784 departs Lagos at 17:30 and arrives in Dubai at 05:10, while flight EK783 departs Dubai at 09:45 and returns to Lagos at 15:20.

Adnan Kazim, Emirates’ Deputy President and Chief Commercial Officer, expressed excitement about the resumption, saying, “We are delighted to resume our services to Nigeria and other African destinations.



With the resumption of Lagos flights, Emirates will now operate 157 weekly flights from Dubai to 19 African destinations. Emirates will expand its reach to 130 additional regional destinations in Africa through codeshare and interline agreements with airlines including South African Airways, Airlink, Royal Air Maroc, and Tunis Air.


Nigeria, a key economic hub in Africa, maintains strong trade relations with the UAE, with Lagos serving as the commercial capital. Emirates SkyCargo, the airline’s cargo division, will support these trade connections by providing over 300 tonnes of belly-hold cargo capacity per week on the Lagos-Dubai route.


Emirates SkyCargo will help Nigerian businesses by exporting Kola Nuts, food and beverages, and urgent courier supplies to major markets such as the UAE, Malaysia, Hong Kong, and Bahrain. It will also import essential items like pharmaceuticals and electronics from key markets such as the UAE, India, and Hong Kong, ensuring smooth and efficient trade.

The Boeing 777-300ER serving the Lagos route will have eight first-class suites, 42 business-class seats, and 304 economy-class seats.


SOURCE:https://brandspurng.com/2024/05/21/emirates-set-to-begin-lagos-dubai-flights-october-1/

The Association of Corporate Affairs Managers of Banks (ACAMB) is pleased to announce its third National Stakeholders’ Conference with the theme: Building Bridges: Collaborative Solutions for a Trusted Banking and Financial Services Experience.


The conference, where end-to-end customer service issues in Banks and other financial institutions will be explored by top-tier select Speakers and subject experts’ panel, is scheduled for Thursday, May 30th, 2024, at the prestigious Bankers House, CIBN, Adeola Hopewell Street, Victoria Island, Lagos. This conference aims to foster significant dialogue and collaboration within the financial sector.

As the umbrella body for all Corporate and Marketing Communication Professionals working in Deposit Money Banks (DMBs) across Nigeria, ACAMB is dedicated to advancing the interests of its members; the banking community, and that of financial services customers and the Nigerian public at large.




The 2024 ACMB Stakeholder’s Conference seeks to transcend the competitive landscape by promoting a collaborative approach to solving industry challenges and enhancing the overall customer experience in banking and financial services in the country.
Consumer Solutions Strategist and Advisor, Wale Abioye, a Partner of Strategy & Customer Solutions, Advisory Services, KPMG, will feature as the keynote and Guest Speaker at the conference.




Additionally, the event will include expert panels and discussions with esteemed industry leaders which include; Oguche Agudah, CEO & Executive Secretary of the Pensions Operators (PenOp) of Nigeria; Stephen Alangbo, a respected insurance underwriter and Managing Director/CEO of Cornerstone Insurance.

Among the panelists also are: Virgine Nowak, Chief Customer Experience Officer of Access Bank and her counterpart Chief Customer Experience Officer of First Bank, Lande Atere. Both will share insights on building a trusted and seamless banking experience through collaboration; while Sola Salako-Ajulo, one of Nigeria’s foremost consumer advocates currently serving as a Federal Commissioner and the Honorable Member representing the Southwest region on Competition and Consumer Protection Tribunal (CCPT) in Abuja, will also be on the Panel to represent the interest of Bank and financial services Customers.



The Special Guest of Honour expected at the eagerly anticipated conference is Hon. Justice B.B. Kanyip, Ph.D., President of the Industrial Court of Nigeria, Abuja. Lande Atere.
ACAMB President, Rasheed Bolarinwa, emphasizes the importance of this conference in the current financial environment, stating, “Our goal is to create an environment where stakeholders can come together to share knowledge, address common challenges, and work towards a unified vision of trust and excellence in banking services. By building bridges and fostering collaboration, we believe we can significantly enhance the customer experience and drive growth in the sector.”

Participants will have the opportunity to explore cutting-edge solutions and strategies designed to address current and future challenges in the financial sector. They will also connect with peers, industry stakeholders, and key decision-makers, fostering relationships that can lead to meaningful collaborations and partnerships.



The annual ACAMB stakeholders’ conference is open to members of the banking and financial services industry, corporate and marketing communication experts, regulators and policymakers, technology and service providers in the financial sector, industry analysts and the media.



The ACAMB National Stakeholders’ Conference represents a pivotal moment for Nigeria’s banking industry to come together, exchange ideas, and chart a course for a more collaborative and trusted financial future.


SOURCE:https://brandspurng.com/2024/05/20/stakeholders-to-discuss-customer-service-experience-at-acamb-conference/

LONDON–(BUSINESS WIRE/AETOSWire)– Moniepoint Inc. (“the Company” or “Moniepoint”), announces it has been ranked by the Financial Times as Africa’s fastest-growing fintech.
The world’s leading financial publication confirmed Moniepoint’s accolade in its annual “Africa’s Fastest Growing Companies” survey, released yesterday. It is the second consecutive year Moniepoint has achieved both the fastest-growing fintech milestone, and, ranked in Africa’s top four fastest-growing companies overall.
The survey was compiled by Statista, a leading research company renowned for its insight into African companies’ actual performance, in a rigorous screening process. In this survey, companies are ranked based on 2019-2022 data by (i) their absolute growth rate of revenues and (ii) their compound annual growth rate (CAGR).
Moniepoint’s growth rates of 7,979% (absolute) and 332% (CAGR) ranked it ahead of hundreds of leading companies from diverse industries such as technology, telecoms, financial services, and healthcare.
Moniepoint has long been one of Africa’s largest business payments platforms, processing over $182 billion for customers in 2023.
Last year, the Company entered the personal banking market via its subsidiary Moniepoint Microfinance Bank – offering reliable banking services to millions of individuals across Nigeria. It also doubled its global headcount, growing to over 1,800 employees by the end of 2023.

This recognition highlights Moniepoint’s success as Africa’s leading fintech, driving financial inclusion by empowering underserved businesses and individuals to access the formal financial system, contributing to a key goal of the Nigerian government.
Tosin Eniolorunda, Group CEO of Moniepoint Inc., said:
“We are thrilled to be recognised by the Financial Times as Africa’s fastest growing fintech for the second consecutive year. Achieving rapid growth and scale is a fantastic achievement; maintaining that year-on-year is even better. The ranking is a testament to the dedication and hard work of the entire Moniepoint team, and the trust of millions of customers across Africa in the Company.
“2023 was a pivotal year for Moniepoint. We entered the personal banking market for the first time and made progress in our goal to enter new African markets. 2024 is set to be even more exciting with continued growth and innovation, as we maintain our leading role within the African fintech sector, driving financial inclusion across Africa.”

SOURCE:https://brandspurng.com/2024/05/16/fintech-giant-moniepoint-ranked-as-africas-fastest-growing-fintech-by-the-financial-times-for-the-second-consecutive-year/

Cocoa prices this morning plunged to 1-week lows and are sharply lower. Forecasts for rain in West Africa are boosting the outlook for cocoa crops and sparked massive long liquidation in cocoa futures. Maxar Technologies said rain showers in the Ivory Coast and Ghana “should improve cocoa growing conditions quite a bit.”


Cocoa prices saw an extraordinary rally earlier this year to all-time highs on April 19 on supply concerns. Global cocoa grinders paid up in the cash market to secure cocoa supplies due to growing concerns that West African cocoa suppliers may default on supply contracts. Bloomberg reported on April 11 that the Ghana Cocoa Board is negotiating with major cocoa traders to postpone the delivery of at least 150,000 MT to 250,000 MT of cocoa until next season due to a lack of beans. Cocoa prices have rallied sharply since the beginning of the year, driven by the worst supply shortage in 40 years.

Cocoa also has support on signs that global cocoa demand remains resilient despite record-high prices. On April 18, the National Confectioners Association reported that North American Q1 cocoa grindings rose +9.3% q/q and +3.7 % y/y to 113,683 MT. Also, on April 18, the Cocoa Association of Asia reported that Q1 Asia cocoa grindings rose +5.1% q/q, although they fell -0.2% y/y to 221,530 MT. In addition, the European Cocoa Association reported that Q1 European cocoa grindings rose +4.7% q/q, although they fell -2.2% y/y to 367,287 MT.



Lower cocoa production in the Ivory Coast, the world’s largest producer, is a major bullish factor for cocoa prices. Government data today showed that Ivory Coast farmers shipped 1.4 MMT of cocoa to ports from October 1 to May 12, down by 30% from the same time last year. Trader Ecom Agroindustrial projects Ivory Coast 2023/24 cocoa production, which ends in September, will fall -21.5% y/y to an 8-year low of 1.75 MMT.


Also on the bullish side, ICE-monitored cocoa inventories held in U.S. ports fell to a 3-year low of 3,772,219 bags last Friday.


Ghana’s Cocoa Board (Cocobod) said on March 25 that Ghana’s 2023/24 cocoa harvest would be only 422,500 MMT to 425,000 MT, half the country’s initial forecast and a 22-year low, as extreme weather and disease decimated the cocoa crop.

Concerns about the West African mid-crop, the smaller of two annual harvests, are also leading to tightness in cocoa supplies. Projections for the Ghana mid-crop, which starts in July, have been cut to 25,000 MT compared with an earlier forecast of 150,000 MT. Also, the Ivory Coast cocoa regulator said on March 7 that it expects the Ivory Coast mid-crop, which officially starts in April, to fall -33% to 400,000 MT from 600,000 MT last year. In addition, projections for Nigeria’s mid-crop have been reduced to 76,500 MT from an earlier estimate of 90,000 MT.

Cocoa found support on February 29 when the International Cocoa Organization (ICCO) projected that the global 2023/24 cocoa deficit would widen to -374,000 MT from -74,000 MT in 2022/23. ICCO projects global cocoa production in 2023/24 will fall by -11% y/y to 4.45 MMT, and global cocoa grindings will drop by nearly -5%, which would push the 2023/24 stock-to-grindings ratio to the lowest in more than 40 years.

Unfavorable growing conditions and crop disease on West African farms over the past year have curbed cocoa production and fueled a parabolic rally in cocoa prices. A global cocoa deficit is expected to extend into 2023/24 since current production is insufficient to meet demand. Also, cocoa prices are seeing support from the current El Nino weather event after an El Nino event in 2016 caused a drought that fueled a rally in cocoa prices to a 12-year high.

On January 25, the Ivory Coast cocoa regulator, Le Conseil Cafe-Cacao, halted forward cocoa sales for the 2024/25 season. The regulator halted forward sales until it had a clear picture of expected cocoa production in the Ivory Coast. The halt adds to the tumult of the region’s cocoa supplies, and the impact could multiply supply concerns.

A negative factor for cocoa was the recent action by the Ivory Coast government to boost farm-gate prices for cocoa producers by 50% for mid-crop beans. Also, Ghana boosted farm-gate prices for cocoa producers by 58% for the rest of the 2023/24 season. The hike in the prices that governments pay to cocoa farmers should encourage growers hoarding cocoa to deliver more beans to market, which could temporarily ease tight supplies.

SOURCE:https://brandspurng.com/2024/05/13/cocoa-prices-plummet-on-rain-forecasts-for-west-africa/

…As search to recognise and reward Nigeria’s extraordinary children begins


Dufil Prima Foods Ltd, makers of Indomie Instant Noodles, on Thursday May 9, officially flagged off the 16th edition of its corporate social responsibility initiative, the Indomie Heroes Awards, the nationwide search exercise that seeks to identify, recognize, celebrate, and reward the positive and heroic efforts of by children aged 15 years and below.
Held annually, the Indomie Heroes Awards has become a source of inspiration, celebrating the selflessness and bravery of young heroes across the country.
This year’s edition tagged “Unsung Heroes”, will feature a collection of captivating and inspiring stories from different states across the six geo-political zones of Nigeria. These commendable acts of physical, social, and intellectual bravery have often gone unnoticed and uncelebrated until Indomie introduced this innovative programme.
Speaking at a press conference held at Radisson Hotel, Ikeja, the Group Corporate Communications and Events Manager, Dufil Prima Foods LTD, Temitope Ashiwaju, disclosed that the field search exercise has already kicked off, while online submissions will commence today, May 9, 2024, and continue until June 30th, 2024. All entries will be subjected to a screening process and a final selection process of winners will be done by a team of credible judges.

“The Indomie Heroes Award is dedicated to acknowledging heroic feats achieved by Nigerian children, effectively investing in the future of our nation. Our commitment over the past 16 years as a company to positively impact the lives of our core consumers, children, remains steadfast.”
According to him, Dufil Prima Foods Limited in 2008 created this unique Social Responsibility Initiative out of the need to shine the spotlight on the Nigerian Child. “This award is to recognize children who have, against all odds, exhibited extraordinary acts of bravery in the face of danger, societal challenges which have sometimes even brought them injury. The award seeks to extol the exemplary accomplishments of children who have shown courage and determination in situations that ordinarily would bring fear. It is also meant to encourages excellence, rewards merit and inspire selflessness and patriotism in our youngsters,” he said.
The 2024 edition of the award will feature three categories, namely: Physical Bravery, Intellectual Bravery, and Social Bravery. Three children will be awarded winners, with each deserving recipient receiving N1.5 million, among other rewards.

Explaining the categories, Ashiwaju said the Physical Bravery award is for kids who have shown physical bravery in a challenging situation, and, at great personal risk, have saved lives or extensive damage to property or others by their actions. The Social Bravery award, he said, is for those who have inspired a community and have worked against social evils such as child marriage, illiteracy, environmental concerns, among others. For Intellectual Bravery category, the child nominee must have provided an innovative solution to a problem with their brilliant mind.
Ashiwaju urged parents, guardians, teachers and the public to submit inspiring stories of young heroes who they feel have demonstrated exceptional bravery. He also emphasized that in addition to the ongoing field exercise meant to ensure that the initiative covers remote areas to encourage submissions from every corner of Nigeria, entries can be submitted through the Indomie Nigeria’s website, the Indomie heroes Awards dedicated website or through calls to designated phone lines.

The award unfolds in three distinct phases. Firstly, the search commences, inviting entries and gathering compelling narratives. The second phase is the rigorous review by judges, involving fact-checking, corroborating stories, and conducting interviews with finalists, even capturing their tales through re-enactments and documentaries. The final culmination occurs at the awards ceremony in October, where the most exceptional stories are honoured, alongside runners-up receiving well-deserved recognition.
On her part, the National Coordinator for Indomie Fan Club, Karishma Rustagi, underscored the vital role the media plays in amplifying the notable achievements of children in the society, and pointed out that by spotlighting deserving children and their remarkable deeds, the media contributes significantly to honouring the true heroes of our time.
Over the last 16 years, the Indomie Heroes Awards has produced a total of 52 winners who were rewarded with scholarships worth several millions of Naira both from the brand and well-meaning Nigerians who developed interest after hearing their stories. The award of scholarship grants has helped winners overcome certain financial constraints that may have adversely affected their educational pursuits and life goals.

SOURCE:https://brandspurng.com/2024/05/09/dufil-prima-foods-flags-off-16th-edition-of-indomie-heroes-awards/

Union Bank, one of Nigeria’s foremost and most trusted financial institutions, has announced another significant achievement with its attainment of the MSECB management system certifications in ISO/IEC 27001:2022, ISO 22301:2019, and ISO/IEC 20000-1:2018.


The Bank was awarded these three noteworthy certifications by MSECB, a leading international provider of audit and certification services, after being rigorously assessed and found to be in accordance with the management system requirements covering Information Security, IT Service Delivery, and Business Continuity standards under the combined Information Management Systems (IMS) standards.

The information security management systems ISO/IEC 27001:2022, ISO 22301:2019, and ISO/IEC 20000-1:2018 are internationally recognised standards that outline the requirements for establishing an effective information management system that guides against data breaches, IT system compromises, and disruption to business processes.



These latest certifications will enable the bank to continue to offer its customers improved data security, innovative banking solutions, and seamless service delivery through its state-of-the-art banking network.

Commenting on the Bank’s recent attainment, Chief Information Security Officer at Union Bank, Francis Mojoyinlola, said: “The Bank’s continued adherence to best international practices, as acknowledged by an independent third-party audit from a reputable international certification firm, reaffirms our capacity to erect, implement, and maintain best information and security management practices.


We remain committed to offering our esteemed customers simpler, more innovative services rooted in the highest standards of information security and cutting-edge innovative banking service.”

MSECB Management System Incorporated, or simply MSECB, is a reputable international organisation specialising in the certification of management systems based on a wide range of global standards.

They offer audit and certification services and expertise in multiple fields, including, but not limited to, Information Security, Quality Management, Business Continuity, and Service Management. They help guide, evaluate, and issue various organisations’ certifications against internationally recognised standards.

Their mission is to provide their clients with comprehensive services that inspire trust and demonstrate recognition.

This recent achievement by Union Bank follows the bank’s recertification of Payment Card Industry Data Security Standard (PCI DSS) version 3.2 and the International Organisation for Standardisation ISO/IEC 27001:2013 certification attained in 2018.

This further highlights Union Bank’s commitment to the strictest information management security standards while securing its pride of place as one of Nigeria’s most trusted financial institutions.

Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions.

The Bank is a trusted and recognisable brand, with an extensive network of over 300 branches across Nigeria.

The Bank currently offers a variety of banking services to both individual and corporate clients including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance.

The Bank also offers its customers convenient electronic banking channels and products, including Online Banking, Mobile Banking, Debit Cards, ATMs and POS Systems.

SOURCE:https://brandspurng.com/2024/05/06/union-bank-achieves-another-milestone-attains-msecb-iso-270012022-20000-12018-and-22301-certifications/

Maltina, a leading Malt beverage in Nigeria known for championing athletic excellence through its platform, ‘Maltina School Games’, has partnered with the Athletic School Games and schools across Lagos to support inter-school sports competition programme.


Since the launch of the Maltina School Games platform in 2020, Maltina has continued to leverage it, to build future athletic champions which has spread felicity among young minds. The brand has inspired and impacted the lives of over 10,000 young athletes across Nigeria with every edition held till date.

In a bid to be more dynamic in its approach this year, the brand toured a number of schools in Lagos, including – Children’s International School, Rainbow College, Grange School, Caleb International School and a host of others to bring the Maltina School Games spirit to their inter-house sports competitions.



This has culminated in its partnership of the inaugural edition of the Athletic School Games held in Lagos on the 27th of April, 2024. The highly anticipated event saw Maltina collaborate with ASG to support young athletes from over 20 schools in Lagos state as they represent their schools, competing in various track and field events.


Speaking at the event, Daniella Ogunsanya, Senior Brand Manager, Maltina, said, “We are passionate about identifying and nurturing young talents, especially through the Maltina School Games platform where young athletes can discover their potential and embrace the spirit of competition. We’re excited to witness the stories that unfold throughout these competitions and celebrate the birth of future sporting champions.” Through such collaboration, Maltina remains committed to championing school sports development in Nigeria and supporting young athletes to reach their full potential while being ecstatic.

SOURCE:https://brandspurng.com/2024/05/02/maltina-partners-athletic-school-games-tours-secondary-schools/

The Oyo State Government has set aside N691.3 million to invest in any future rights issuances by Wema Bank Plc.


The announcement was made in a press statement released after the Oyo State Executive Council meeting on April 23rd, 2024. The statement read,

“The sum of N691,307,039.86 to be invested in Wema Bank rights issuance programme as part of plans to secure the future of Oyo State.”

Concerning Wema Bank’s shareholding structure, strategic shareholders own 51.69% of the bank with Neemtree Limited, SW8 Invest Company, and Petrotab Limited holding 28.25%, 14.90%, and 8.54% respectively.

Governments shareholding in the bank is at 8.06%, with the bulk of the government shareholding held by Odu’a Investment Company Limited, which holds a 7.93% shareholding in the bank.


Odu’a Investment Company Limited is a holding company owned by the six state governments of Southwest Nigeria, namely Oyo, Ogun, Ondo, Ekiti, Osun, and Lagos States.

The group has footprints in different sectors including real estate, oil and gas, and manufacturing. Its subsidiaries include Lagos Airport Hotel, Wemabod Estate, E&O Power and Equipment Leasing, and Western Hotels. Apart from Wema Bank, it also owns stake in Lafarge Africa, and Nigerite Limited.


SOURCE:https://brandspurng.com/2024/04/28/oyo-government-to-invest-n691-3m-in-wema-bank/

Amo Farm Sieberer Hatchery Limited, a foremost agribusiness in the country, has supported the Nigerian First Lady, Senator Oluremi Tinubu’s launch of the South-west Renewed Hope Initiative (RHI) Women Agricultural Support Programme and Flag-off of the 2024 Ogun State Planting Season with One Thousand (1000) 5 weeks old Noiler Birds for 100 women as part of its efforts at empowering rural women and boosting food security in the region.


Also provided were 12.5kg of Amo Byng Grower Pellet, as start-up packs for small poultry farming, and a pack of Divertamin, a combination of essential nutrients for the Noiler Birds to attain optimum growth and production, for each of the beneficiaries.

The Noiler Birds were presented to the Ogun State Government at the unveiling of the RHI South-west scheme in Abeokuta, Ogun State, on Tuesday, 17th April 2024, by Her Excellency, Senator Oluremi Tinubu, where Governor Dapo Biodun of Ogun State asserted that Amo Farm’s partnership with the state in promoting agriculture through empowerment initiative is very much commendable.


On his part, Amo Farm’s Group Managing Director, Dr. Ayoola Oduntan, who was present at the event, affirmed that the support for the RHI in the South-west was part of the company’s commitment to ensuring women’s involvement in agribusiness through Noiler farming, for food security, poverty eradication and provision of animal protein to curb malnutrition.


According to Amo Farm’s Group Managing Director, Dr. Ayoola Oduntan, who was present at the event, the support for the RHI in the South-west was part of the company’s commitment to ensuring women’s involvement in agribusiness for food sustainability, wealth creation, and animal protein for improved well-being.


Impressively, the Noiler Bird innovation and Amo Farm’s poverty reduction scheme has been extensively documented and reviewed in the prestigious Harvard Business Review publication.

Launched in 2014 after several years of research and development through a selective breeding process, Noiler is a source of protein and a dual-purpose chicken breed that is similar in looks and taste to the native chicken, but is resistant to diseases, and produces four times more eggs and three times more meat.

It was developed to create a revolution in rural poultry (production) that will increase productivity and income for rural women and empower them through job creation, to transform access of poor households to source animal protein in Africa, while boosting the availability of food in the country and on the African continent, thereby solving the problem of malnutrition.

Like its eggs which are very nutritious for all age demographics, the Noiler’s meat contains all essential amino acids and is low in saturated fats and cholesterol.

Present at the event were First Ladies of the Southwest States, among others from across the country, as well as royal fathers and other important dignitaries.

In her remark, Senator Oluremi Tinubu, who is the National Chairperson of the RHI, said the scheme with the theme “Making Life Better for Families,” launched in February 2024, is aimed at motivating women in all spheres of endeavors, and in agriculture for productive impact, in line with the Federal Government’s food security programme.

She affirmed that grants of N500,000 (Five Hundred Thousand Naira) would be given to 20 women each in the agrarian sector, fishing, and animal husbandry from each state of the Southwest, as 100 persons with disabilities smiled home with N100,000 each from the event.

SOURCE:https://brandspurng.com/2024/04/24/amo-farm-supports-first-lady-oluremi-tinubus-with-1000-noiler-birds-grower-pellet-and-divertamin/

Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively.
This is coming at the wake of its widely celebrated price reduction to N1,000 barely two weeks ago.


The price change of N940 is applicable to customers buying five million litres and above from the refinery, while the price of N970 is for customers buying one million litres and above.

Speaking on the new development, the Head of Communication, Mr Anthony Chiejina, explained that the new price is in consonance with the company’s commitment to cushion the effect of economic hardship in Nigeria.



“I can confirm to you that Dangote Petroleum Refinery has entered a strategic partnership with MRS Oil and Gas stations, to ensure that consumers get to buy fuel at affordable price, in all their stations be it Lagos or Maiduguri. You can buy as low as 1 litre of diesel at N1,050 and aviation fuel at N980 at all major airports where MRS operates.”

He further stated that the partnership will be extended to other major oil marketers. “The essence of this is to ensure that retail buyers do not buy at exorbitant prices.


“The Dangote Group is committed to ensuring that Nigerians have a better welfare and as such, we are happy to announce this new prices and hope that it would go a long way to cushion the effect of economic challenges in the country.

It would be recalled that the management of Dangote Petroleum Refinery announced a further reduction of the price of diesel from 1200 to 1,000 Naira per litre barely two weeks ago.

This marks the third major reduction in diesel price in less than three weeks when the product sold at N1,700 to N1,200 and also a further reduction to N1,000 and now N940 for diesel and N980 for aviation fuel per litre.

Nigerian President Bola Tinubu had also commended Mr Dangote for the initial price reduction, describing it as an “enterprising feat.”

Reacting to the latest development, The Director General of the Manufacturers Association of Nigeria (MAN), Mr Ajayi Kadiri, said that “The decision of Dangote Refinery to first crash the price from about N1,750/litre to N1,200/litre, N1,000/litre and now N940 is an eloquent demonstration of the capacity of local industries to positively impact the fortunes of the national economy.”

He added that “The trickledown effect of this singular intervention promises to change the dynamics in the energy cost equation of the country, in the midst of inadequate and rising cost of electricity.

“The reduction will have far-reaching effects in critical sectors like industrial operations, transportation, logistics, and agriculture, contributing to easing the high inflation rate in the country; a lot of companies will be back in operation.”

SOURCE:https://brandspurng.com/2024/04/23/dangote-crashes-diesel-and-aviation-fuel-prices-again-sells-both-at-n940-and-n980-respectively/

“People don’t want to be sold to; they want to feel engaged, entertained, and valued,” states Marta Olszewska, Senior Content Strategist at Content With Marta. It’s high time we ditch the outdated, old-school sales pitch approach. Companies need new, innovative, and more interactive strategies to generate leads. An unexpected but impressive contender is the concept of hosting online mystery games.

Why Online Mystery Games?

Despite living in an age where information is at our fingertips, mysteries remain a popular genre in entertainment, thriving in games, novels, and other media. People love mysteries because they tap into our innate curiosity and desire to solve puzzles.

The mystery genre continues to captivate audiences, offering interactive experiences in board and video games where players can actively solve crimes and uncover secrets. Critics may claim the genre is outdated, but its enduring popularity and adaptability suggest it still has much to offer, especially on those dark, rainy nights when the lure of a good mystery is strongest.

Online mystery games, also known as escape rooms or hunt games, require participants to ‘win’ or ‘escape’ through a series of clues and riddles. Businesses can seamlessly incorporate their products, services, or brand philosophy into the game as part of the clues or the game’s overall narrative.

Examples of such games include MURDLE, You Can Only Die Once, and National Cook Offed.

The methodology is simple:

Create a compelling story or puzzle through which your business values or products can naturally interweave.
Promote the game on your business website or social media channels to invite participation.
Include a registration step, thus capturing contact information.
Make the game interactive and challenging but sufficiently rewarding.
“These games are designed to be immersive and fun,” emphasizes Marta Olszewska. “But beneath the surface, they’re a powerful tool for enhancing brand recognition, capturing leads, and subtly introducing products or services without seeming pushy.”

Effective Examples and Tips

According to Olszewska, businesses can employ various techniques to heighten the effectiveness of online mystery games:

Embed your brands subtly within the game’s narrative.
It is crucial to make the game engaging, lest the participants lose interest. This could entail a compelling storyline, challenging yet achievable tasks, or attractive rewards for completion.
Make the sign-up process simple and ensure the game is accessible on multiple platforms — smartphones, tablets, and laptops.
Promote the game through various marketing channels, including email marketing, social media posts, blog articles, paid advertisements, etc.
Make it more appealing by featuring leaderboard progress bars or offering rewards or discounts upon completion.
Key Takeaway

Online mystery games thus present an innovative and engaging strategy to supplant traditional sales pitches. Companies can creatively use these games to interact with potential customers, making their brand values, products, or services an integral part of the game. The result is increased brand recognition, customer engagement, and a dynamic and fun means to generate more leads.

Is the glass half full or half empty? Well, the perspective may differ. But, the fuller the glass with engaging content, the more leads it can generate. As businesses strive to hold their own in the digital environment, novel strategies like online mystery games can pave the way for growth and success.

SOURCE:https://brandspurng.com/2024/04/23/mystery-games-are-the-next-big-thing-in-lead-generation/

PalmPay has announced the first set of winners in its ongoing Eid campaign tagged PalmPay Eid Bonanza, which kicked off on April 10th and will run until April 30th, 2024.


Since the start of the bonanza on April 10th, 5 lucky winners have been emerging daily simply by performing tasks on the PalmPay App such as transferring funds, airtime and data purchases, bill payments, and savings.

Comfort Udoh from Lagos, one of the proud recipients of an iPhone 15 Pro, expressed her sheer delight. “I simply won by recharging my phone with airtime on the PalmPay app. I received the exciting news via a call from PalmPay Nigeria. I thank them for the generous reward of a brand new iPhone 15 pro”



Also, Mr. Abegurin Patrick Segun’s winning entry came about when he placed a N100 bet using his PalmPay app. It was a delightful surprise for him to receive a call from PalmPay Nigeria, informing him of his victory in the daily raffle draw, and he’s now the proud owner of an Infinix Hot 40i.


To participate in the remaining weeks of the campaign, download the PalmPay App from Google Play or App Store. Sign up for an account and include your BVN or NIN to complete the process and click on the Eid Bonanza Feature.

There are still numerous phones to be won daily, along with the added bonus of daily free transfers to any bank via the PalmPay App.

Enakeno Umuteme, the Head of Marketing and Communications at PalmPay Nigeria, notes that “Our primary objective is to reward and acknowledge our loyal customers. This campaign stays true to its promise of appreciating Nigerians who are PalmPay users”

PalmPay offers an array of services including money transfers, bill payments, credit services, and savings on its app and via its mobile money agents. Since its inception in Nigeria in 2019 under a Mobile Money Operator license, the platform has amassed over 30 million app users as part of its cashless payment ecosystem.

For more information and updates, ensure you follow PalmPay on social media platforms.

SOURCE:https://brandspurng.com/2024/04/18/palmpay-unveils-first-set-of-winners-in-eid-mobile-bonanza/

Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital Bank, ALAT, has launched an anti-fraud campaign to protect its customers and other Nigerians against fraudulent activities perpetrated by some wallet accounts and fintech partners.

As the bank at the forefront of digital innovation and a top enabler in the FinTech landscape, Wema Bank powers a plethora of FinTechs across Nigeria, allowing them to operate seamlessly through Wema Bank’s 3rd Party Wallet Accounts. Due to the recent hike in fraudulent inflows into these wallet accounts, the bank has taken a firm action against fintech partners whose account activities have been found guilty of fraud.



Through the anti-fraud campaign launched recently, Wema Bank has successfully investigated, identified, and disengaged 3 FINTECHs partners for Fraud and suspended 4 FINTECHs partners from its platform in its ongoing efforts to ensure responsible partnership, adherence to regulatory procedures and conformance to CBN KYC guidelines. There are ongoing audit and review of FINTECH partners processes as part of the grand plan to ensure that we get the anticipated/desired results.


The Anti-Fraud Campaign targeted at creating awareness, educating, and equipping customers with necessary information needed to mitigate, detect and handle fraudulent activities on their bank accounts further underscore the bank’s commitment to safeguarding customers’ finances and personal data.


Wema Bank’s Chief Audit Executive, Oluwole Esomojumi, disclosed that the anti-fraud campaign is designed to protect customers from fraudulent activities and providing them with necessary information for detecting the evolving tactics of fraudster and to also solidify our position as the bank that stands fully against fraud.

According to him, “The antics of fraudsters are constantly evolving. To stay steps ahead, it is imperative that consumers have good understanding of what interaction or engagement are telltale signs of fraud and how they can handle suspicious fraudulent engagements, hence the launch of the Wema Bank Anti-Fraud Campaign. We are steps ahead on our end which is why we have taken time to investigate our fintech partners and those found culpable have been disengaged from our payment gateway platform.”

“As a bank that is resolute in our stance against fraud, we cannot compromise the safety of our beloved Nigerians, especially when these threats of fraud are emanating from Fintech who use our platforms. Rest assured, there is no room for fraudsters here. We have multiplied the frequency of our security checks and are committed to rooting them out one by one. No fraudster is safe with Wema Bank because at Wema Bank, customer safety is our priority and empowering the lives and businesses of every customer is our mission”, he concluded.

The fight against fraud is one that is clearly personal to Wema Bank and with the sturdy layers of security measures initiated and executed by the bank to sustain consumer protection beyond the direct responsibilities of the bank, Wema Bank is making its entire ecosystem inconducive to fraudsters.

SOURCE:https://brandspurng.com/2024/04/15/wema-bank-launches-anti-fraud-campaign-to-protect-customers/

Did you know that as many as 91% of listeners at business presentations have admitted to daydreaming? That, coupled with the ever-shortening average human attention span, has led the Design For Decks team to create this interesting piece. Are you curious about how you can keep your audience hooked?


7 Indicators Your Presentation Isn’t Working

Delivering a captivating presentation is an art form. It requires weaving information, visuals, and engagement into a seamless tapestry that resonates with your audience. But let’s face it, not every presentation hits the mark. Sam Eisenberg, CEO of Design For Decks, aptly states, “A well-designed presentation should feel like a conversation, not a lecture.” So, how do you know if your carefully crafted slides are landing the way you intended?



1. The Eyes Have It (or Don’t):


Are your audience members glued to their screens, doodling, or surreptitiously checking their phones? A study by InterCall found that 60% of attendees admitted to zoning out during presentations. If you see glazed-over eyes, it’s a clear sign your content isn’t engaging.


Fix it: Break up text-heavy slides with captivating visuals, incorporate storytelling elements, and pose questions to spark interaction.

2. The Clicker Symphony:

The rhythmic click of a presenter’s remote can be hypnotic, but not in a good way. Overreliance on a clicker creates a disconnect with your audience and limits your natural flow. Duarte Design Group revealed that most participants found presentations more engaging when the presenter moved freely around the stage.

Fix it: Practice your presentation without the clicker, using visual cues to guide you. This fosters a more dynamic and impactful delivery.

3. Death by Data Dump:

Slides crammed with data points and statistics might impress your inner data scientist, but they can overwhelm your audience. According to a study by the National Center for Educational Statistics, only 5% of people learn best through reading.

Fix it: Focus on key takeaways and use visuals like infographics or charts to present complex data in a digestible way. Remember, less is often more.

4. Monotone Marathon:

Imagine listening to a lullaby for an hour. Not exactly riveting, right? A monotonous delivery devoid of vocal variety can lull your audience to sleep. A study by the University of California, Berkeley, found that vocal variety, including changes in pitch and pace, can significantly impact listener engagement.

Fix it: Practice varying your tone, volume, and pace to emphasize key points and inject energy into your delivery.

5. The Slide Deck from 1999:

Remember those pixelated clip art images and Comic Sans font? Outdated visuals scream a lack of effort and fail to capture attention. Piktochart says that people process visuals 60,000 times faster than text.

Fix it: Use high-quality images, videos, and graphics that align with your message and brand. Explore modern design trends for inspiration.

6. The Q&A Ice Age:

An awkward silence following your “Any questions?” is never a good sign. According to Harvard Business Review, effective Q&A sessions can boost knowledge retention by up to 75%.

Fix it: Encourage questions throughout your presentation, anticipate potential inquiries, and prepare engaging responses. End with a specific call to action to spark further dialogue.

7. The Feedback Black Hole:

Delivering a presentation into the void offers little room for improvement. Seeking feedback is crucial for growth. As Sam Eisenberg emphasizes, “Feedback is a gift, not a criticism.”

Fix it: Ask colleagues, friends, or even trusted audience members for constructive feedback. Take it seriously and use it to refine your next presentation.

Remember, a successful presentation is an ongoing journey, not a one-time event. By identifying these red flags and implementing the suggested fixes, you can transform your presentations from duds to dynamic experiences that resonate with your audience and achieve your desired outcomes.

SOURCE:https://brandspurng.com/2024/04/13/this-is-how-you-know-your-presentation-isnt-working/

AXA Mansard Insurance Plc recently sponsored the SME 100 Africa Business Pitch in Lagos.


BrandSpur Nigeria reports that the competition, held on March 29, 2024, at the Oriental Hotel, Lagos, was won by Calcium Hub, owned by a snail farming expert, Ms Lawon Ajoke.

The company was awarded N1 million as grant.

The first and second runners-up of the competition went home with N200,000 each and the winners were also given access to various tools and resources provided by the conference sponsors and partners.


The event was witnessed by different business experts, including the Head of SME and Wealth at AXA Mansard, Ms Funmilayo Kunle-Komolafe; and the Head of Marketing at AXA Mansard, Mr Olusesan Ogunyooye, among others.


SOURCE:https://brandspurng.com/2024/04/11/photo-axa-mansard-empowers-sme-100-africa-business-pitch-in-lagos/