BrandXchange, conveners of the 2023 Consumers Value Awards, have announced the commencement of nomination of brands eligible for voting. According to Akonte Ekine, Chief Analyst and Managing Director BrandXchange, the website for the nomination of brands of value in March in celebration of Consumer Rights day. We hope that consumers will contribute to the validation of brands’ efficacy by showing interest in the nomination of brands based on experience. To nominate brands, consumers should visit https://bit.ly/CVANominations The Consumer Value Awards is a Prestigious online periodic award aimed at creating awareness for the rights of Consumers and promoting brand excellence in…
Author: Elvis Eromosele
The Edo Modular and Refinery Company Limited has ordered the supply of 150,000 barrels of crude to meet the demand of its growing clientele base, weeks after the commencement of production. Special Assistant on Media Projects to the Edo State Government, Crusoe Osagie, made this known in a statement on Sunday, reinforcing the project’s success at Ologbo in Ikpoba Okha Local Government Area (LGA) of the state. The statement said that the crude would be sourced from the Oza Oil Field, operated by Decklar Resources Inc and Millenium Oil and Gas Company Limited. The Edo Refinery, which is backed by…
By Elvis Eromosele Every day is public relations day. This is because the business of strategy and planning, communications and positioning never sleeps or stops. March 8, International Women’s Day, a day set aside to celebrate women, is a good time to recognize the role of women in public relations practice and the opportunity for growth. You would agree that public relations is an exciting and challenging field, one that offers a variety of opportunities for women to grow and thrive. It is equally engraced and enriched through the practice of women. While it is true that…
Elon Musk has regained his position as the richest person in the world after making a whopping $6.98 billion in eight hours of trading. He lost the title to French billionaire Bernard Arnault on December 8, 2022, following controversies surrounding his Twitter ownership, which led to a sell-off of Tesla shares and a decline in his wealth. Musk has made several attempts to regain the top spot, but fell short as Arnault’s wealth grew. However, on Monday, 27 February, the inevitable happened, the share price of his Telsa stocks increased by a whopping 100% after 8 hours of trading. This…
The number of connected telephone lines in Nigeria has reached 322 million with teledensity at 118.5 per cent following the activation of 3.6 million new Subscriber Identification Module (SIM) cards in January. This has equally resulted in active telephone lines in the country moving from 222.5 million in December 2022 to 226 million a month after. eledensity is telephone connections per 100 people in a specified geographic area. Teledensity is often used to compare the level of access to voice and data communications services between metropolitan and rural areas, or between one country and another. Subscription statistics from the Nigerian…
The Central Bank of Nigeria (CBN) has announced a revision of the tenure limit for executive management and non-executive directors of banks and financial institutions. According to the review, the executives can only serve a cumulative tenure of 20 years across the banking industry. In a circular addressed to all deposit money banks, signed by the director of financial policy and regulation department, Chibuzor Efobi, the bank said the review is part of measures aimed at strengthening governance practices in the banking industry. “The tenure of executive directors (ED), deputy managing directors (DMD) and managing directors (MDs) shall be in…
United Nations Development Programme (UNDP), First City Monument Bank (FCMB) and the Centre for Food and Research (CEFTER) of Benue State University have supported 25 early-stage Agritechs that were winners at the grand finale of the 2022 Agrohack Challenge held in Makurdi, Benue State, with funding. The selected Agritechs received varying amounts of funding to help them scale their businesses and develop innovative solutions that address challenges in the agriculture sector. The funding ranges from N600,000 to N2.4m. The startups will also receive access to business support services, incubation, and networking opportunities. Achesa, a startup raising the income of smallholder…
By Elvis Eromosele Voting is an essential aspect of democratic governance, as it is the only way through which the people can exercise their power to choose their leaders and shape their future. Nigeria, a country blessed with abundant human and natural resources, is poised for another democratic exercise as her citizens head to the polls to elect their leaders. It is time to get it right with a leader that will ensure that ALL citizens partake of the country’s blessedness. As we approach election day, every eligible citizen must come out and vote. Voting is not just a civic…
the Nigerian Upstream Regulatory Commission (NUPRC) has revealed that an estimated 40 per cent of the volumes of crude oil losses in the Nigerian petroleum industry are due to measurement inaccuracies and not theft as is popularly believed. Gbenga Komolafe, Chief Executive, NUPRC, who revealed this at the start of the week said the revelation followed a forensic audit on crude theft numbers, conducted by the commission covering the period from January 2020 to November 2022. He disclosed this in Lagos at the Petroleum Club Quarterly Dinner. Komolafe noted that the forensic audit was to ascertain with accuracy the stolen…
Meta, Facebook’s parent company, has announced it is testing a new subscription service called ‘Meta Verified’ that would allow Facebook and Instagram users to pay to have a verified account. According to the company, the Meta Verified would be available for direct purchase in Australia and New Zealand starting later this week. The company said it would cost $11.99 on the web and $14.99 on iOS and Android. The new development comes months after Twitter announced the relaunch of its monthly charge blue verification mark. Twitter had in December last year announced that the platform would start charging $8 a…