Business
Consumers Value Awards Launch Nationwide Voting Platform for Transparency Push
Consumers Value Awards voting platform launched to let Nigerians rate brands and public institutions on value, trust and service delivery
BrandXchange, organisers of the Consumers Value Awards, in Lagos unveiled a nationwide Consumers Value Awards voting platform designed to allow Nigerians assess both private brands and public institutions based on real value, trust and service delivery.
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Value’s for Consumers Awards voting platform introduces a new Consumer and Citizen Value Scorecard, which will enable participants across the country to evaluate organisations using structured indicators such as pricing fairness, transparency, responsiveness and accessibility.
Speaking on the initiative, Convener Akonte Ekine said the new edition marks a shift away from traditional satisfaction metrics towards a broader definition of value that reflects real economic realities faced by consumers.
According to Akonte Ekine, many consumers who describe themselves as satisfied still experience concerns around affordability, service quality and being heard, adding that the updated framework aims to capture these deeper experiences in a more meaningful way.
The organisers explained that unlike conventional award systems decided by juries, the Consumers Value Awards remain fully driven by public participation, ensuring outcomes reflect real-life consumer experience and perception across sectors.
A key feature of the Consumers Value Awards voting platform is its expansion to include public sector institutions, a move the organisers say reinforces accountability beyond corporate organisations to government services as well.
The scorecard will assess value for money, trust, service delivery quality, responsiveness and inclusiveness, with results aggregated into a Consumer and Citizen Value Index expected to serve as a national benchmark for consumer sentiment.
Voting is scheduled to begin in June 2026, while nominations will be open to the public via the official portal, as organisers aim to strengthen accountability and encourage improved service delivery across industries.
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Public Value Awards is currently in its fifth edition and continues to position itself as a consumer-led recognition platform focused on trust, performance and value delivery in Nigeria’s evolving economy.
Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth
Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.
The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.
The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.
The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.
The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.
The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.
The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.
The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.
The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.
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