According to a recently-released report by Mediafacts, the telecommunications sector retained its lead position as the highest advertiser in Nigeria in 2015 with a combined total expenditure of N16.7 billion. Mediafacts is a key media resource for marketing professionals in West and Central Africa. The report, produced annually by mediaReach OMD, a specialist media company…
Category: Business
Sekibo Highlights Success Factor for CBN Youth Fund Beneficiaries
Managing Director/Chief Executive Officer of Heritage Bank Plc, Ifie Sekibo has identified “character” as the success factor for the 1,500 youths participating in the Central Bank of Nigeria (CBN) N3billion Youth Innovative Entrepreneurship Development Programme (YIEDP). Speaking at the official flag off of the training programme of the first batch of beneficiaries of the youth…
Nigeria’s Ad Spend Increases To N97.9b In 2015
Nigeria’s advertising industry recorded media spend of N97.9 billion in 2015 against the N93.1 billion recorded in 2014; representing an increase of 5.2 per cent. This information is contained in the just-released 2015 Mediafacts, a key media resource for marketing professionals in West and Central Africa. According to the publication, produced annually by mediaReach OMD,…
Heritage Bank Boss Explains Support For Young Entrepreneurs
In its continued effort to create and preserve wealth and curb unemployment among youths, Heritage Bank Plc in partnership with the Centre for Values in Leadership, CVL, has graduated 100 young entrepreneurs in the CVL Young Entrepreneurship Training Programme, YETP, in Ajegunle, Lagos. The CVL is aimed at identifying young people, especially youths in densely…
CBN Sacks Skye Bank Board
Reports making the rounds have it that the Central Bank of Nigeria, CBN, is planning to dissolve the Board and Management of Skye Bank Nigeria. With this, the apex bank will partially take over the affairs of the bank, which has been trying to rebrand lately. As at the time of filing in this report,…
Aregbesola Lauds Sterling Bank’s Input to Environmental Sustainability
Governor Rauf Aregbesola of Osun State has commended Sterling Bank Plc for its contribution to clean environment through the provision of necessary incentives to checkmate environmental challenges. The Governor, who made the commendation while receiving reflective coveralls donated by the Bank for use by members of the Osun Waste Management Authority (OWMA) in Oshogbo, the…
BEDC Disconnects Edo Civil Society DG’s Residence Over Debt
**Organises protests at BEDC textile mill office As Benin Electricity Distribution Plc. (BEDC) intensifies enforcement on illegal connections and energy theft, it has emerged that among the houses disconnected for bypass of prepaid meter and non-payment of electricity bills was the residence in which Omobude Agho, Director General, Edo State Civil Society has vested interest…
Diamond Bank Partners SME100 To Boost MSMEs’ Capacity
As part of its commitment to building and supporting economic growth and development in the country, Diamond Bank, in partnership with SME100, has rolled out strategic capacity development programmes that would boost the productive strength of Micro, Small and Medium scale Enterprises, MSMEs. The Bank’s Chief Executive Officer, Uzoma Dozie, stated at a networking event…
DOS Clothing Releases Summer 2016 Lookbook
A few weeks ago, we brought you the gorgeous campaign photos of the latest ‘Summer 2016 Collection’ from ‘DOS Clothing Company’ featuring TV girl, Dorcas Shola Fapson. We also brought you all the fab photos of top socialites and fashion lovers at the brand’s recent unveiling event, which took at its flagship store located at…
What Ad Agencies Must Do To Survive In Nigeria—Wale Akintunde
For those in the advertising business in Nigeria, the name Wale Akintunde would not be new to them. In fact, he is an authority in the field and whatever he says is considered the fact. Akintunde is the incumbent treasurer of the Association of Advertising Agencies of Nigeria, AAAN, and also the Chief Operating Officer…