Image credits: istock.com, 123RF.com and Google search www.brandspurng.com BRAND SPUR MARKET INTELLIGENCE BRAN D MAGAZINE @brand_spurng fb.me/BrandSpurNG1 Oral Care Leading brands battle for controlling share of Nigeria’s oral care market Entrepreneurship Business Opportunities In Pineapple Farming #BizTrends2017 Mobile trends for 2017 Cigarettes in Nigeria… Industry trends, opportunities and threats Navigating Your Market Research Tool Kit What you need to know Investigating e-cigarettes A look into the booming e-cigarette industry Nigerian Brewers Value brands now in the front line… Vol.1 Issue 7 2017 Noodles Market Battle of noodles brands over market share Islamic Banking in Nigeria Products and Challenges Opinion Do Nigerians Need Pay Per View Model?
Transcript
Image credits:
istock.com, 123RF.com and Google search
www.brandspurng.com
BRAND SPURMARKET INTELLIGENCE BRAN D MAGAZINE
@brand_spurng fb.me/BrandSpurNG1
Oral CareLeading brands battle for controlling share of Nigeria’s oral care market
EntrepreneurshipBusiness Opportunities In
Pineapple Farming
#BizTrends2017Mobile trends for 2017
Cigarettes in Nigeria…Industry trends, opportunities
and threats
Navigating Your Market Research Tool KitWhat you need to know
Investigating e-cigarettesA look into the booming
e-cigarette industry
Nigerian BrewersValue brands now in the
front line…
Vol.1 Issue 7 2017
Noodles MarketBattle of noodles brands
over market share
Islamic Banking in Nigeria Products and Challenges
Brand Spur is a monthly report to keep you abreast of the current event inNigeria within selected product category. The report contains importantinformation of happenings in the market and any other information relevantto the smooth and continuous operation of your business.Brand Spur helps you see your activities in the market place vis-à-viscompetition.
GE is looking at investing in Nigeria’s run down refineries
GE might be eyeing more than NIgeria’s rail sector. In a follow up to the official visit of Jeff Immelt, Group Chairman of GE, the company is also looking at investing in Nigeria’s dilapidated refineries.
Read more...…
China Plans Fresh $40bn Investments in Nigeria
The Chinese Foreign Affairs Minister, Wang Yi, has disclosed plans by the Chinese government to invest up to $40b in Nigeria as part of efforts aimed at deepening relations between the two countries.
Read more...
N458bn Lagos-Ibadan new rail project to begin Feb
The Federal Government will commence the construction of a standard gauge rail line from Lagos to Ibadan next month, the Managing Director, Nigerian Railway Corporation, Mr. Fidet Okheria, has said
The Central Bank of Nigeria (CBN) has deregulated the Merchant Service Charge (MSC) and will be implementing a new pricing regime on electronic transactions by the second quarter of this year.
Read more...…
SEC, Central Bank issue guidelines for securities
settlement
The Securities and Exchange Commission (SEC), in collaboration with the Central Bank of Nigeria (CBN), has issued guidelines for the settlement of all types of securities in Nigeria.
IFAD challenges government on right agriculture policies
The President of the International Fund for Agricultural Development (IFAD), Dr. Kanayo Nwanze, has stressed the need for the Federal Government to urgently formulate the right policies on agriculture to take the country out of its current economic hardships.Read more...
News – Headlines
BRANDSPURNG.COM
FG launches information app – FGN IAPP
The federal government has launched a new information app entitled: “Federal Government of Nigeria Information App (FGN IAPP),” to help close information gap between the federal government and Nigerians.
Read more...…
Food security: Bank of Agricwoos graduates, others
In its efforts to fast-track food security in Nigeria, the Bank of Agriculture has liberalized its programmes for young graduates and women with a view to wooing them into agricultural production.
An organisation, Rare, is looking for applicants to apply for its $30,000 grand prize on farming for biodiversity, through its initiative, Solution Search.
Read more…
Sorghum Malting plant operators seek government
intervention to prevent industry collapse
Stakeholders in the sorghum sector are finding it challenging to remain in business as low import tariff on cheap barley malt, malt extract, glucose and maltose syrups is pushing the industry to near collapse.
Read more...
‘Automation of Ogun’s forestry activities successful’
The Ogun State Government has started reaping the benefits of automating its forest operation as it has translated into increased revenue, the Commissioner for Forestry, Chief Kolawole Lawal, has said.
The Federal Government has set up a 21-man steering committee to restructure and recapitalise the Bank of Agriculture. The committee would commence the restructuring with N500bn and work within the next three to one month to actualise its goal.Read more...…
Development Bank of Nigeria Commences
Operation with $1.3billion
Development Bank of Nigeria, DBN, has flagged off operations as the Federal Ministry of Finance has confirmed the completion of the recruitment exercise for the Executive Management team. The bank has also formally applied for the issuance of its operational licenseRead more…
Dana Airline Services Seal 10 Year Deal With Imo State
To Launch ‘Imo Air’
The Governor of Imo state, OwelleRochas Okorocha has disclosed yesterday that the state has signed a 10 year partnership with Dana Air services to launch Imo Air. Okorochasaid the government ventured into airline business to drive traffic
Charcoal business booms in Ondo state as kerosene,
cooking gas price hike lingers
Residents of Okitipupa in Ondo State have continued to partronise charcoal sellers as substitute for their daily domestic cooking, as the high cost of kerosene and cooking gas lingered
Read more...
BRT Introduces New Transport Fares
Plans have been announced of the increment of fares on all routes of the Lagos State Bus Rapid Transit (BRT) scheme, an operator with Primero Transport Services said. The company’s Managing Director, Mr FolaTinubu, made the disclosure
Read more...…
Lagos plans Lekki, Ikoyi, VI clean-up
The Lagos State Government has revealed plans to begin the second phase of its cleaning of the inner streets of parts of Lekki, Ikoyi and Victoria Island. The exercise, which is expected to begin in a fortnight, will be done through the Special Committee on the Clean-UpRead more...…
IMCSERVICESNG.COM debuts to connect agencies to the prospective clients
An online agency search, profile, news and analysis platform -imcservicesng.com launched recently by media supports services and strategy firm, Media Interface.
Read more...…
Reelforge Partners P+ Measurement for Media
Monitoring in Nigeria, Ghana
In a bid to foster partnerships and address the ever-increasing demand for a comprehensive media monitoring and measurement service to brands in the African market, P+ Measurement services has entered into a strategic partnership with Reelforge Media monitoringRead more...
WPP loses as Omnicom is announced as MTN’s
integrated global agency
WPP may have suffered another bad fortune for its Africa business as the MTN Group has confirmed the appointment of the Omnicom Group as its integrated global agency.Six global agency networks — DentsuAegis Network, Havas, Interpublic Group, Omnicom, PublicisRead more...
Investigating e-cigarettesA look into the booming e-cigarette industry
and the potential misinformation behind its growing success.
The e-cigarette industry, also knowing as vaping, is enjoying great success across the United States with over 10 percent of all American adults - ie, an estimated
20 million people - currently vaping. Profits are also through the roof, with revenue from the vaping industry doubling in value from $1.75bn in 2013 to $3.5bn
in only a two-year space of time. Most e-cigarette users are either former or current smokers, with many taking a gamble on vaping being less detrimental to
their health than traditional tobacco, simply because less is currently known about the new device.
But with research into e-cigarettes already struggling to keep up with new developments and changing statistics, how do consumers know which products to
Cement Company of Northern Nigeria (CCNN), owned by the BUA Group, will use coal from local mines in Sokoto to generate power for its new 1.5Mta cement plant located in the north west of the country. A 40MW power plant is being constructed at the factoryRead more…
Cross River to establish cement plant, limestone company
The Cross River Government has secured operational licenses from the Federal Government to establish its own Cement Factory and Limestone Quarry in Akamkpa Local Government Area of the state. Mr George O’Ben-Etchi, the Commissioner for Solid
Read more...…
CCNN nears completion of new $300m cement plant
Nigerian industrial giant, BUA Group’s cement subsidiary in Sokoto state, CCNN (also known as Sokoto Cement) expects its new 1.5million metric tonnes per annum cement plant to be completed before the 3rd quarter of 2017.
BUA Cement has set aside about N100 million to reward distributors who surpassed sales target in the year. BUA Group Executive Chairman/Chief Executive Officer Alhaji Abdulsamad Rabiu, said at the company’s yearly Distributors’ Forum and Awards, explained that throughRead more...
Cement News
BRANDSPURNG.COM
Benue Assembly summons Dangote Cement Plant MD
over price hike
The Benue House of Assembly has summoned the Managing Director of Dangote Cement Plant, Gboko, over outrageous hike in the price of cement in the state.
Read more…
Nigeria still country to buy cheapest cement in Africa –
BUA ON
Chairman/Chief Executive Officer of BUA Group, Abdul Samad Rabiu has said that in spite of over 40 per cent recent rise in the price of cement in Nigeria, the country still retains the most affordable pricing for the commodity in Africa.Read more...…
The government of Senegal has slammed a new cement tax of $4.84 per ton of cement on the country's three cement plants run by Dangote Cement, Ciments du Sahel and Sococim. Investigation by Vanguard showed that the new tax took effect from January 2, 2017.Read more...
Cement News
BRANDSPURNG.COM
Dangote Cement rewards distributors with N2.4bn bonus
FOR their continued loyalty, the management of Dangote Cement Plc, at the weekend gave out N2.4 billion to its distributors across the country, as their sales bonus for 2017. The management also assured that a sum of N5 billion has been set aside to assist the distributors in enhancingRead more...…
Dangote Opens Truck Assembly Plant in Lagos
Dangote Group of Companies has established a $100 million truck assembly plant in Lagos as part of its efforts to boost foreign exchange and job creation. According to the News Agency of Nigeria, the group said in a statement on Sunday in Lagos that the plantRead more...
Cadbury Nigeria Plc, producers of household cocoa beverage Bournvita, has broken the Guinness World Record for
inventing the World Largest Inflatable Jar. The certificate of recognition was presented to the company’s management
at the Cadbury Head Office. The Cadbury’s World Largest Inflatable Jar is 30.33 tall. Presenting the Guinness World
Record Certificate, the Managing Director, Alexander Forbes Consulting Actuaries Nigeria Limited, Mr. Sa’ad Jijji
referred to the achievement as another giant stride from Cadbury Nigeria to promote the brand. “Innovations like
these are worthwhile as it helps to create healthy competition that produces amazing value. The world’s largestinflatable jar from Cadbury is one of such amazing innovations and certainly deserves recognition” Jijji said
Nollywood Actress and Producer, Omoni Oboli is the new first lady of Nunu Milk. She shared photos of herself signing the deal, with a caption: #EarlierToday #TheFirstLadyfor #Nunu Another year is here! Thanks @nutricimanunu for believing in me. Read more...
Indomie to Partner Kaduna State On School Feeding
Dufil Prima Foods Plc, maker of Indomie noodles, has pledged to partner with the Kaduna state government school feeding programme. The company's General Manager, Mr. Girish Sharma, conveyed the support when top management staff of DufilRead more…
Fire guts condensed section of FrieslandCampina WAMCO
factory
Fire broke out on Friday at the condensed factory premises of FrieslandCampina WAMCO in OgbaIndustrial Estate, Ikeja, Lagos State.
Vitafoam Nigeria Plc. has disclosed its financial statement for the year ended 30 September, 2016 and the its books are not looking good.
Read more…
Durex Launches BBM Stickers To Make Safe Sex Conversations
Cooler
Guaranteed you’ve been in a conversation with a girl and you were like “Ugh, I just wish there were emoji’s to express this!” Like yea there are now! As sexting is more than just a conversation, with the Durex BBM stickers- it can be an art, a creative medium throughRead more…
Knorr Shows Commitment to Healthy Nigeria
With the determination displayed by knorr, a popular brand of Unilever Plc to combat iron deficiency anaemia in the country, through its ‘social mission’ campaign, Nigeria is definitely on her way out of the life-threatening disease.Read more…
Instagram To Introduce Ads As It Monetises Popular
Feature
Instagram is introducing advertising to its ‘Stories’ function for the first time as it looks to monetise an increasingly popular aspect of its site.Stories are videos users can upload to the site that appear at the top of a user’s feed. Brands are currently
Read more...
Microsoft, Ecobank agree to drive digital transformation
in Africa
Microsoft and Ecobank Transnational Incorporated, parent company of pan-African banking group Ecobank, have signed a memorandum of understanding (MOU) to complement African governments' efforts to modernise and raise the standards of the continent's major citiesRead more…
E-Book on Freedom of Creative Expression in Africa launched
In response to a subsequent call in September 2014 by Arterial Network for contribution from writers, journalists and researchers across the Africa continent to share their opinions and knowledge on a broad topic, a compendium of written worksRead more…
A total of 122 hotels across the country have been awarded the Customer Choice Awards by Jumia Travel, Africa’s number one hotel booking platform. The hotels were selected based on positive reviews from customers who booked on the platform and lodged in these hotels.Read more...
Nigerian fintech scene shows record expansion
Africa has caught the world’s attention with its advancements in the financial technology (fintech) space and usage of mobile money. The Nigerian fintech landscape, specifically, has the ability to become one of the most significant leaders in Africa’s innovation. Read more…
Alibaba’s subsidiary acquires MoneyGram for $800million
Ant Financial, the digital payments arm of e-commerce giant Alibaba, is buying US-based MoneyGram for $880m (£700m). MoneyGram has about 350,000 outlets in nearly 200 countries. Ant Financial has more than 630 million users.Read more...
Efritin online classified site might be shutting down
Efritin, one of the most popular online classified sites might be shutting down its operations in Nigeria. There is a likelihood that Efritin might just be restructuring its operations to ensure it runs a leaner operations. Whichever way, all these are still speculations. Read more...…
Nigerian fintech scene shows record expansion
Africa has caught the world’s attention with its advancements in the financial technology (fintech) space and usage of mobile money. The Nigerian fintech landscape, specifically, has the ability to become one of the most significant leaders in Africa’s innovation. Read more…
Jumia Travel’s report indicates local travel forms 97% of Nigeria’s tourism revenue
The Nigerian hospitality report 2017 which has officially been launched by Jumia Travel, has shown that the country generated 97% of its tourism revenue from domestic travel in 2016 while foreign travel accounted for 3%. Kushal Dutta, MD of Jumia Travel
Inetimi Alfred Odon, better known by his stage Timaya, has signed a new deal with @hennessy_ng as its newest brand ambassador. The Egberi Papa 1 of Bayelsa as he fondly calls himself, shared the good news on his Instagram page.
Read more...…
Guinness Nigeria announces EGM to approve rights issue
Guinness Nigeria Plc has announced its intention to hold an Extraordinary General Meeting (EGM) of its shareholders to approve resolutions for a rights issue. The EGM is scheduled for 24th January 2017 in Lagos.Read more...…
Heineken unveils pop-up experience centres
Heineken has introduced pop-up experience centres for consumers to replace Heineken House Lagos. The new centres will enable it extend its viewing experience across major cities in the country. Heineken, which sponsors the UEFA Champions League
Guinness Nigeria Plc has announced its results for the half year ended 31 December 2016. The results, which were released via a statement to the Nigerian Stock Exchange, shows that the company grew its topline by 19% year-on-year but suffered significantly
Read more…
AB InBev set to shed weight in South Africa
Anheuser-Busch InBev (AB InBev) is said to have sent out a voluntary severance offer to over 1,000 mid-level managers in South Africa on 12th December as it prepares to trim its workforce in the country, South African Business Day reported on Monday.Read more...
Heineken in talks to buy Japanese brewer Kirin’s Brazil
operation
Dutch brewer Heineken N.V. said it is in discussion with Japanese brewer Kirin Holdings to acquire the company’s unprofitable Brazilian business. The Nikkei Newspaper reported on Friday, a price of $870m, a fraction of the $3.9bn Kirin paid for the business.Read more...
The National Agency for Food and Drug Administration and Control, NAFDAC, has arrested nine suspects connected with alleged fake wine and beverage manufacturing factories at the Relief Market, Onitsha.
Read more...
Nigerian Breweries donates library to Lagos School
Nigerian Breweries Plc (NB) has donated a fully built and furnished school library to Randle Avenue Primary School, in Surulere Local Government Area of Lagos State.
Read more…
Diageo mulls upping stake in Indian United Spirits
Diageo Plc is weighing raising its majority stake in Indian spirits maker United Spirits Ltd (USL), according to people familiar with the matter. USL is the maker of McDowell’s No. 1 whiskey, Signature whiskey, Romanov vodka, among other spirit brands.Read more...
Prices of soft drinks rise amid FX woes, inflationary
pressure
Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price.
Read more…
NBC builds youth Centre for Irete community in Owerri
As part of its commitment to youth and community empowerment, non-alcoholic beverage manufacturing giant, Nigerian Bottling Company Limited (NBC), has donated a Youth Centre to Irete community, in Owerri, Imo State.
Read more…
Suntory Holdings wants its obese workers to lose weight
Japanese food and beverage firm, Suntory Holdings wants its obese employees to get into shape. The company has offered its employees a chance to go to a weight lose camp where they will learn how to eat and drink in moderation at social events and how to exercise.Read more...…
Viju Industries Nigeria Limited, makers of dairy-based fruit drinks which come in different flavours announced it was adding yoghurt drinks to its product line.
Read more…
Calcium fortified Loya Milk promotes swimming
amongst children
In a bid to encourage swimming amongst Secondary School students in Nigeria, Loya Milk, a premium milk brand from the stable of PromasidorNigeria Limited on Saturday, 3 December 2016, organised a swimming competition dubbed “LoyaSwim Meet” for Secondary SchoolsRead more...…
High dairy import worries Dangote
About 98 per cent of dairy products consumed in Nigeria are imported, the Chairman, Dangote Group, AlhajiAliko Dangote, has said. The industrialist warned that the nation was at risk of hunger in the next few years if food importation is not checkedRead more…
Ibile Holdings, Lagos’ investment company set to float
Ibile Holdings, an investment company owned by the Lagos state government will soon be a reality. Ibile Holdings was formed from Ikorodu, Badagry, Ikeja, Lagos Island and Epe. These are the major cornerstone towns that make up the state and its indigenous population.Read more…
First Bank Increases Transfer Limits
First Bank of Nigeria Limited has increased transfer transaction limits on its FirstMobile Lifestyle app from N500,000 to a maximum daily limit of N1m.
Read more…
Ingenico Group partners Interswitch
Ingenico Group, the global leader in seamless payment, announced that a strategic partnership has been signed with Interswitch Nigeria Limited, the leading transaction switching and electronic payment processing company in Nigeria.
As part of its efforts in making banking services available to the nooks and crannies of State of Osun, Omoluwabi Mortgage Bank, Plc, has opened another branch in the ancient city of Ilesa.
Read more...…
Payment via POS hits NGN651.37 billion in 2016
The idea of the POS (point of sale) payment has made transaction in banks, supermarkets, shopping mall very convenient for everyone.
Read more...…
UBA launches first merchant app for MSMEs
United Bank of Africa has introduced its first merchant-focused app in Africa with the aim of creating a SMART (secure, mobile, accessible, reliable, transparent) network of 100,000 micro merchants and driving financial inclusion.Read more...…
Despite being a century old and in a bid to capture the changing times and teeming millennial population, Union Bank has developed fast, secure and convenient banking services to ensure their customers have more time to do things that matter the mostRead more...…
Skye Bank Wins Anti-E-Fraud Award
Skye Bank Plc has emerged "The Most Committed Watch Listing Bank in Nigeria" out of four corporate awards that were up for grabs at the Nigeria Electronic Fraud Forum (NeFF) annual dinner and awards which held in Lagos
Read more...…
Nigeria’s Keystone Bank chooses NetGuardians for
real-time protection
Swiss FinTech leader NetGuardians has been selected by Nigeria’s Keystone Bank Limited for real-time protection against eBanking fraud.
FG, UBA stress creativity as REDTV’s “Our Best Friend’s
Wedding” premieres
REDTV, a dynamic online lifestyle channel that puts the spotlight on Africa with a distinct global appeal, in conjunction with The Naked Convoshas premiered a new web-series titled, ‘Our Best Friend’s wedding’. REDTV is supported by the United Bank for Africa’s (UBA Plc)Read more...…
UBA Plc Unveils 15 Campus Ambassadors
The United Bank for Africa (UBA) Plc has inducted the first 15 brand ambassadors during the maiden edition of its Campus Ambassador Programme.The Project,the UBA Campus Ambassador Programme is an initiative aims at identifying Read more...…
Ecobank launches fintech challenge for start-ups
Pan-African banking conglomerate, Ecobank, has launched a fintech challenge for start-ups. The challenge is open to Africa’s entrepreneurs, innovators and developers, providing then with an opportunity to win $500,000 in funding
Firm unveils affordable housing project in Maryland
A property development firm, Tobykemsworth Investment Limited, has unveiled a new residential project in Onigbongbo-Wasimi, Maryland, Lagos, to cater to the housing needs of those in the middle class.
Read more...
Real Estate
BRANDSPURNG.COM
Alade Mall to be completed in 2018
The concessionaire of Alade Mall in Ikeja, Lagos State, Master Reality International Concept Limited, yesterday said the proposed mall would cost N13 billion and would be completed in December 2018.
Read more…
Developer launches HoneywellsGarden in Maryland
Despite the nation’s economic recession, which has slowed down investments in the real estate, Tobykemsworth, a real estate developer has launched its iconic Honeywells Garden in Maryland, Lagos. Honeywell’s Garden is conceived as an estateRead more…
GOtv excites subscribers with Special February Package
In celebration of the love month (February), GOtv has announced a list of new packages for its viewers.In a statement by its mother company, Multichoice, the company highlighted a set of programmes for different segment of its audience.Read more...…
Pay-TV prospers in Sub Saharan Africa
Rapid TV News reported that StarTimes is making up ground on Multichoice’s DStv and GOtv pay-TVservices, along with Vivendi’s Canal Plus, after disrupting Sub Saharan Africa’s pay-TV sector with keen pricing during 2016 - this according to Digital TV Research.Read more...…
StarTimes revamps Basic Bouquet with additional channels
DIGITAL TV platform, StarTimesNigeria, has upgraded and revamped its Pay TV package called “Basic bouquet” with more exciting channels and viewing options at no extra costs to viewers.
What better way to start the new year than a free data from your network provider without even going through the stress of configuring any VPN.It's just the second day of 2017 and MTN is already surprising its customers with 4gb of data for free. Valid for 7 days.Read more...
Telecoms
BRANDSPURNG.COM
NCC to fine network providers 5m for unsolicited
text messages
Henceforth, any network provider that sends unsolicited text messages (SMS) to subscribers would pay a fine of N5million. The Chairman of the Nigeria Communication Commission (NCC), Prof. Umar Danbatta disclosed
Read more…
Etisalat donates equipment to Gbagada General Hospital to
boost healthcare delivery
Nigeria’s most innovative and customer friendly telecommunications company, Etisalat Nigeria, has again affirmed its commitment to the development of the Nigerian health sector with the donation of computers to General Hospital, Gbagada, Lagos.
Henceforth, any network provider that sends unsolicited text messages (SMS) to subscribers would pay a fine of N5million. The Chairman of the Nigeria Communication Commission (NCC), Prof. Umar Danbatta disclosed
Read more…
NLC, FG to partner on telecoms jobs
The Nigeria Labour Congress (NLC) says it will collaborate with the Federal Government to stop out-sourcing of jobs in the telecom sector, among others.
