By Elvis Eromosele In today’s world, environmental sustainability is more than a trending topic—it’s a transformative business strategy for companies serious about longevity, profitability, and impact. This shift is evident in the private sector’s increased focus on sustainable practices. It is no surprise that Nestlé Nigeria, a household name synonymous with quality and taste, is quietly revolutionizing its approach to business in line with this trend. Beyond its iconic products, the company is emerging as a frontrunner in environmental sustainability. This strategic shift is a fundamental transformation that underscores the company’s commitment to a greener future. By embedding sustainability into…
Author: Elvis Eromosele
The Lagos Chapter of the Nigerian Institute of Public Relations (NIPR) is thrilled to announce major updates for the 2024 edition of the Lagos Public Relations Industry Gala and Awards (LAPRIGA), themed The Shining Stars. Recognized as one of the most coveted PR awards in the continent of Africa, LAPRIGA has set a new benchmark for excellence and creativity in public relations. This year, the LAPRIGA Selection Committee, chaired by Mr. Muyiwa Akintunde, has introduced enhanced selection standards, emphasizing a clear alignment with public relations best practices. In a new approach, Chapter members will not vote for shortlisted nominees; instead,…
BetKing, a leading online gaming and sports betting platform, has announced the launch of Danfo Lagos, a groundbreaking new casino game that celebrates the vibrant culture of Lagos, Nigeria. Danfo Lagos, named after the iconic yellow buses, that are a staple of Lagos transportation, offers players a unique and immersive gaming experience. By combining the thrill of casino games with the energetic spirit of Lagos, BetKing aims to create a product that resonates deeply with Nigerian players. According to Nengi Akinola, Head of Marketing at BetKing, “We are thrilled to introduce Danfo Lagos to our players. This game is our…
Banks’ credit to the government surged to a record N42 trillion in September 2024, amid a growing money supply (M3). According to data from the Central Bank of Nigeria (CBN), credit to the government rose by 89.8 per cent year-on-year to reach N42.01 trillion in September 2024, up from N22.13 trillion in September 2023. This significant increase highlights the growing reliance on bank financing by the government. On a monthly basis, commercial banks’ credit to the government also recorded a sharp rise. In August 2024, this figure stood at N31.15 trillion but jumped 34.86 per cent by September. This monthly…
MTN Nigeria Communications Plc, leading communications services provider, has declared a profit after tax of N4.13 billion in the third quarter of 2024. This follows three successive quarters of loss. However, the telco declared a N514.93 billion loss for the nine months ended September 2024 due to successive quarters of loss, which was revealed in its financial statement. Its nine-month loss is a 0.80 per cent decline from the N519.1 billion it declared for the six months ended June 2024, indicating a slowdown. MTN’s financial performance has been impacted by record-high inflation and the naira’s devaluation, worsening businesses’ operational expenses.…
The National Bureau of Statistics (NBS), has revealed that out of the total households in Nigeria connected to the National grid, 85.2 per cent are on estimated billing. Only 14.8 per cent are on prepaid billing. The bureau also revealed that the average monthly expenditure of households on electricity was estimated at ₦4,155.8 in the period under review. Prince Adeyemi Adeniran, Statistician General of the Federation and Chief Executive Officer, NBS, disclosed this while speaking on the Nigeria Residential Energy Demand-Side Survey (NREDSS), 2024 Report in Abuja. Prince Adeniran noted that over 58 per cent of households are connected to the…
The national electricity grid is currently powering nearly 60 per cent of Nigerian households, signalling progress in efforts to expand energy access across the country. This indicates that 6 in 10 Nigerian households, from the surveyed states are connected to the national grid. This is according to the Nigeria Residential Energy Demand-side Report 2024 by the Nigerian government, which was done by the National Bureau of Statistics (NBS) in collaboration with the Ministry of Power, the Energy Commission of Nigeria, and the European Union. The report revealed that 79.7 per cent in Ekiti State, and 77.3 per cent in Oyo…
Poor infrastructure and high phone and internet costs have disconnected 120 million Nigerians from the mobile internet despite a monthly internet usage growth of 501.99 per cent over five years, GSMA, the global body for telcos, has revealed. The internet growth has been fuelled by a mobile boom in a country where smartphones are more important than computers. According to the World Bank, less than 20 per cent of households in Nigeria owned a computer in 2023. Adia Sowho, former chief marketing officer of MTN Nigeria, said, “Smartphones have become the computer for many Nigerians today.” However, gaps in digital…
President Bola Tinubu has named seven new ministers, reassigned 10 others and sacked five over poor performance as part of efforts to improve service delivery. The newly appointed ministers include Nentawe Yilwatda, minister of Humanitarian Affairs and Poverty Reduction; Jumoke Oduwole, former special adviser to President Muhammadu Buhari on Ease of Doing Business, now minister of Industry, Trade and Investment. Others are Muhammadu Maigari Dingyadi, minister of Labour & Employment; Idi Mukhtar Maiha, minister of the newly created Ministry of Livestock Development. Bianca Odumegu-Ojukwu, wife of the late warlord, Chukwuemeka Odumegwu Ojukwu, was appointed minister of state for Foreign Affairs,…
Nestlé Professional, in collaboration with the World Association of Chefs’ Societies (Worldchefs) and the Association of Professional Chefs Nigeria, marked International Chefs Day 2024 by championing healthy eating and creativity among Nigeria’s young generation. The annual event, celebrated on October 20, embraced this year’s theme, “GROWING GREAT CHEFS” and brought together 10 professional chefs and 40 children from Nestlé for Healthier Kids (N4HK) beneficiary schools in Agbara, Ogun State. The children participated in hands-on cookery workshops, using nutritious ingredients like spinach, potatoes, carrots, and rice. This immersive experience allowed the children to add their personal touch and creativity to cooking…