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MTN plans to sell $243million stakes in Jumia to drive growth and enter new markets

August 5, 2020 Ralph Tathagata

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MTN Group Ltd. is planning to sell part or all of its $243 million interest in Jumia Technologies AG as Africa’s biggest wireless carrier looks to pay down debt and enter new markets, according to a Bloomberg report. According to the report, MTN, which had previously marked the online retailer as a non-core business, is […]

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Nigerian Breweries records N151.81 billion revenue in H1’20

August 5, 2020 Ralph Tathagata

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The Nigerian Breweries Plc (NB) has recorded N151.810 billion revenue in H1 2020 lower than N170.191 billion it reported in the same period in 2019 with a Profit after tax of N5.589 billion down from N13.318 billion posted in 2019. The company’s Basic Earnings per share stood at 66kobo during the period in review. According […]

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Ogunsanya appreciates Nigerians as Airtel clocks 10

August 5, 2020 Ralph Tathagata

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Segun Ogunsanya, Managing Director and Chief Executive Officer of Airtel Nigeria, has expressed profound appreciation to Nigerians for their unflinching support for and loyalty to the network. The telco giant boss conveyed his gratitude on the occasion of Airtel Nigeria’s 10th anniversary. Mr. Ogunsanya also announced that Airtel Nigeria, as part of activities marking a […]

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UBA supports Nigeria’s petroleum industry with $200million

August 5, 2020 Ralph Tathagata

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To support investment growth and liquidity requirements amid the Covid-19 crisis, the United Bank for Africa Plc (UBA) is providing the sum of $200 million in a consortium of Nigerian commercial and international banks in a $1.5 billion Pre-Export Finance Facility for the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, the Nigerian Petroleum […]

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FG moves to save broadcast industry amid huge advertising debts

August 5, 2020 Ralph Tathagata

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In line with the Nigerian government’s efforts to save the broadcast industry from collapse, the apex regulator of the industry, National Broadcasting Commission (NBC) has moved to curtail the issue of advertising debts owed broadcast stations. Recall that recently, the federal government, through the Central Bank of Nigeria (CBN), issued a Global Standing Instruction (GSI) […]

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Steve Babaeko, AAAN President speaks on his vision for the advertising industry on TVC tomorrow

August 4, 2020 Ralph Tathagata

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Following the unforeseen occasion that stood over the previous segment, Steve Babaeko, the newly elected President of the Association of Advertising Agencies of Nigeria (AAAN) will tomorrow be a guest of MARKETING EDGE ON TV, showing on the premium Television Channel TVC DSTV 418. The TV programme billed to air between 11:30am-12pm, under the popular […]

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Global advertising market to reach US$ 769.9bn by 2024, says report

August 4, 2020 Ralph Tathagata

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Advertising plays a vital role in communicating the value proposition of an organisation’s offering and influencing the buying behavior of consumers. It is a one-way communication where brands convey their message through various media to customers. Some of the objectives of advertising are brand building, increasing sales, creating demand, engagement, and expanding the customer base. […]

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Mazi’no Appeal is TVC’s new host of Wake Up Nigeria show

August 4, 2020 Ralph Tathagata

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Being an On Air Personality (OAP) is one of the exciting professional pursuits, but to be truly cut out for the profession is another thing. Television profession, like any other celebrity profession, requires certain personality traits to be successful. Having and constantly honing one’s skills to communicate in a team environment is one thing, being […]

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FirstBank’s 2020 Fintech Summit to focus on reinventing banking technology in Nigeria

August 3, 2020 Ralph Tathagata

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First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider, has announced that the 2020 edition of its annual FinTech Summit is scheduled to hold on Thursday, 6 August 2020 by 12.00 noon. The event will be virtually held via Zoom meetings. The 2020 edition’s theme is: “How Blockchain and Artificial Intelligence will Disrupt […]

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P&G reports annual profit of $13bn, ascribes gains to Covid-19 cleaning products demands

August 3, 2020 Ralph Tathagata

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Procter & Gamble (P&G), the global multi-brand conglomerate, has reported annual revenue of $71bn (profit of $13bn), ascribing the boost to increased demand for cleaning products during the coronavirus crisis, coupled with its ramped up marketing strategy. P&G says the rise in demand increased its profit by 234%, but warns challenges lie ahead. The report […]

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