Nestlé Nigeria is proud to announce that its Chief Executive Officer, Mr. Wassim Elhusseini, has been recognized as one of the Outstanding CEOs at the recent BusinessDay Top 25 CEO Awards held on September 28, 2024. The BusinessDay Top 25 CEO Awards 2024 acknowledges the achievements of CEOs from companies listed on the Nigerian Stock Exchange (NGX) and the Next Bulls category—an elite group of companies poised for listing on the NGX. These CEOs have not only navigated the complexities of today’s business landscape but have also steered their organizations toward remarkable success. This recognition comes during a time when…
Author: Elvis Eromosele
By Elvis Eromosele In recent years, the cost of transportation in Nigeria, like everything else, has skyrocketed, putting immense pressure on citizens. This surge is not just a local issue, but one deeply intertwined with national and global factors. The removal of fuel subsidies, the devaluation of the naira, and the volatile nature of international oil prices have all contributed to an unprecedented rise in petrol costs—from N185 per litre before the subsidy removal to a staggering N900, on average. This hike in transportation costs has left many Nigerians struggling, particularly in urban centres where daily commutes are unavoidable. For…
The National Bureau of Statistics (NBS) has disclosed that 84 per cent of Nigeria’s working-class population is self-employed in the first quarter of 2024, reflecting a decrease from the 87.3 per cent recorded in Q3 2023. This is according to the Nigeria Labour Force Survey (NLFS) Q1 2024 report by the NBS. The report indicates a decline of 3.3%-points in the self-employment rate, highlighting a shift within the labor market. Also, the report noted a slight increase of 3.3%-points in wage employment in Q1 2024 to 16.0 per cent, from 12.7 per cent in Q3 2023, which means that more…
By Elvis Eromosele In Nigeria today, underemployment is emerging as a low-intensity war. Everyone knows it exists but no one will speak of it. The question is no longer whether people can find jobs, but whether those jobs utilize their skills, offer sufficient wages, or provide stability. Reports indicate that the streets are filled with university graduates riding motorbikes for hire, while skilled professionals languish in jobs far below their qualifications. This isn’t just a job crisis; it’s a crisis of underemployment. According to the International Labour Organisation (ILO), “Underemployment reflects underutilization of the productive capacity of the employed population, including…
The Independent National Electoral Commission (INEC) has uploaded 98.58 percent of Edo State governorship election results to the Result Viewing Portal(IRev). INEC has so far uploaded results from 4,455 polling stations out of 4,519 total units in the state. Residents of the state are awaiting the full results of Saturday’s governorship election, which has People’s Democratic Party (PDP)’s Asue Ighodalo and All Progressives Congress (APC)’s Monday Okpebholo in a tight race. Olumide Akpata of Labour Party is currently trailing the two candidates.
Nestlé Nigeria reinforced its commitment to youth empowerment and skill development with the graduation of 20 young men and women from its Technical Training Centre (TTC) in Flowergate. This ceremony, marking the first-ever graduation at the Flowergate facility, is a significant milestone in the company’s ongoing efforts to equip Nigerian youth with essential technical skills. The Flowergate TTC, launched in 2023, is part of Nestlé Nigeria’s broader technical training initiative, which has been running since 2011. Since its inception, the program has seen over 200 young Nigerians successfully complete the rigorous 18-month curriculum. With the company investing over six billion…
Consumers across Sub-Saharan Africa (SSA) are more discerning and open to trying new things when it comes to the snacking choices they make, creating an opportunity in the food sector to meet shifting needs. This was the submission of experts at a virtual panel discussion on snacking, facilitated by Mondelez International, the parent company of Cadbury Nigeria Plc, recently. The three panelists, who gave some insights on the current dynamics of snacking in Africa, included Arpan Sur, Senior Marketing Director, Sub-Sahara Africa (SSA), Mondelēz International; Frederick Ubanmhen, Head of Qualitative Research at Kantar, Nigeria and Ghana; and Renissa Gounden, Director,…
By Elvis Eromosele Production ultimately culminates with the consumer. The primary objective of all economic activities is to deliver products and services to the end user – the consumer. The success of a product or service is largely determined by consumer acceptance. So, when consumers voluntarily provide feedback, smart brands pay attention. The Consumers Value Awards serve as a platform for this – allowing customers to share honest feedback, endorse brands, and affirm their satisfaction. The award, organized by BrandXchange, is quickly and quietly becoming a powerful platform for empowering consumers, highlighting their pivotal role in shaping the marketplace. With the…
Barring any unforseen, Dangote Refinery will start distributing Premium Motor Spirit (PMS) to the NNPC today, Sunday, September 15, 2024. Wale Edun, Minister of Finance and Coordinating Minister of the Economy, announced this during a press briefing in Abuja on Friday. Edun, was represented by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, at the briefing. In his words: “I am glad to announce that all agreements have been completed and loading of the first batch of PMS from the Dangote Refinery will commence on Sunday, Sept. 15.” “From Oct. 1, NNPC Ltd. will commence…
Spectranet, leading internet service provider, Reload Multivitamins, UAC, and other prominent brands were recognized for excellence at the 3rd Consumer Value Awards (CVA) held weekend in Lagos. The awards, which celebrate brands delivering superior value to Nigerian consumers, highlighted the achievements of companies across various sectors. Spectranet took home top honours as the top internet service provider, reaffirming its dominance in the data space. Reload, a household name in multivitamins, clinched the prize in the infants, kids, and adult category. UAC, a key player in the FMCG industry, was recognized for its beloved sausage rolls – Gala and CWAY for…