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BILLIONAIRE BUSINESSMAN, FEMI OTEDOLA’S MIDAS TOUCH… OLA KING

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From the outset, billionaire Femi Otedola has always showcased his shrewdness and brilliance as a businessman.

Those who were in doubts had a rethink after he bought over and turned around the moribund African Petroleum, AP, which he rechristened Forte Oil.

Blessed with proven magic wand, he successfully re-jigged the company from its former declining state to a flourishing one that became a brand to beat in the sector.

This, as he has reiterated on several occasions, did not come without a sweat.

He actually toiled and sweated to put the oil company on a competitive edge today.

It was, therefore, understandable that many expressed great shock when news broke that he was planning to sell of his 75% share in the
company.

It was the biggest story not only in the business sector, but also among many across all walks of life.

For those who know him too well, Otedola, it is believed, must have thought it out.

“Femi Otedola is, indeed, a guru in the field. He knows when to invest and he knows when not to. He is an encyclopedia and a cognoscenti in the business world,” a source said.

Just as the story of his Forte Oil sales made the biggest story, his diversification into power is currently a major discourse and enjoying
front cover on the dailies.

For many who don’t know the Lagos State -born business mogul, he is not new in the power sector, he acquired Geregu Power plant in 2013.

It was disclosed that he is only shooting up his stake and giving his all in the sector, just as he did in the oil sector.

A source divulged that with the new billions of Naira he just invested in Geregu Power Plant, he is already giving his rivals sleepless night.

He is fully showcasing his new forte.‘’ With the new funds he injected and his full attention and focus, the power sector in Nigeria will definitely not remain the same again,’’ another source added.

The deep pocket businessman’s life is a challenge to those who were born with the silver spoon but, out of sheer indiscipline and lack of focus, abused the privilege; and his life is also an inspiration for people from humble backgrounds that they should never entomb their dreams, even in the face of adversity. It was gathered that while he was growing up, he had displayed traits of a child destined to be great in life. He was precious to the admiration of all. While growing up, he had nursed a beautiful dream to be one of the greatest businessmen in the world. As a son of a former Lagos State governor, the late Sir Michael Otedola, providence has been magnanimous enough to him. So, many would argue that his paths were already laced with roses because of his background. But what many do not know is that he himself had sowed with sweats. In other words, foundation of his business empire was laid with sweat, determination and hard work. Of course, you cannot rule out the divine grace in his life, a situation that further attests to his first name: Femi (it literally means God loves me).

Many years after he floated his business, he resolved to pursue his dream on a global stage. Though it looked an impossible task, he was determined to pursue his ambition of ruling the world with unwavering doggedness.  Today, the company is not only recognised around the world, but the Lagos State- born has become a shining light in the Africa’s business firmament and has been listed as one of the richest on the continent of Africa.

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It’s 7 Star Performance for Chain Reactions at 2024 SABRE Awards

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It was a seven-star performance for Chain Reactions Africa (CRA), one of Africa’s leading Public Relations and Integrated Communications Consultancy as it took home seven African SABRE trophies, more than any other public relations firm in Africa in the 2024 competition.
The awards which were held at the end of the annual African Public Relations Association (APRA) Conference, were presented by Provoke Media, organisers of the awards in Basam, Abidjan, Cote D’Ivore on May 16th 2024.
The work covered campaigns for the Lagos Metropolitan Area Transport Authority (LAMATA), and its Lagos Blue Rail, 9mobile’s The Hack – Expand Your Hustle’, ‘Taming the Bull’ for the Presidency, ‘Next Era of Happiness’ for leading biscuit company, Pladis Foods Nigeria Limited.
Receiving the awards on behalf of Chain Reactions and its clients, was its Managing Director/Chief Strategist, Israel Opayemi, who noted that this is a seven-star performance by Chain Reactions Africa at the 2024 SABRE Awards.
In his comments Opayemi said “to emerge as the highest winner at the 2024 edition of the award with seven SABRE Awards is humbling as well as exciting for us at Chain Reactions Africa. We are immensely proud to be honoured on such a global platform like the SABRE awards which is the holy grail of Public Relations globally as the awards programme is dedicated to benchmarking the best PR works across the globe.”
He continued, “I am making a three-fold dedication of these multiple trophies to our clients who believe in us, my team members who do the brave works relentlessly and our dear country Nigeria. Ten years ago, we were at the SABRE Awards in Miami, Florida in the United States watching and applauding as winners took turn on stage. Ten years ago, we were asking for a seat at the table. Today, we are sitting in creative resplendence at the head of the table. Today, we are flying the Nigerian flag on the global stage. We are now a territory of reckon and relevance in the global PR space.”
It seems winning awards is just a Chain Reactions thing, chuckled Arun Sudhaman CEO and Editor-in-Chief of Provoke Media, organizers of the SABRE Awards as Opayemi rose up seven times to receive the awards. The PR consultancy also picked up four Certificates of Excellence in recognition of its work launching the Nigerian Youth Trend Report 2024 known as ‘ARAMANDA’, ‘Next Era of Happiness’, ‘Lagos Blue Rail’, ‘The Hack – Expand Your Hustle’, and ‘Taming the Bull’.
In his reaction, President and Chairman of Council of the Nigerian Institute of Public Relations (NIPR) described the awards by Chain Reactions Africa as “a harvest of honours for Nigeria”. He thanked the Chain Reactions Africa team for their outstanding works saying, “thank you for making us proud.”
Chain Reactions Africa has over the years won several prestigious SABRE awards and has been awarded more than 15 Certificates of Excellence. At last year’s award, the company won CEO of the Year category for the Lagos State Governor, Babajide Sanwo-Olu for use of public relations to tell the story of his administration’s achievements and scooped two Certificates of Excellence in the Corporate Image category for the ‘Momentum Campaign’ for Cellulant, a flagship payment solution provider; and ‘Marketing to Consumers’ category for ‘The #NaijaHighlandah Campaign’ for William Lawson’s, Scotch Whiskey brand.
The 2024 Africa SABRE Awards shortlist included more than 120 campaigns, selected from over 500 entries in this year’s competition, which recognises Superior Achievement in Branding, Reputation and Engagement. The campaigns were evaluated by a jury of industry leaders.


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Abuja Investments Company Limited Launches Automated System

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In a significant stride toward modernization and efficiency, Ambassador Maureen P. Tamuno, Group Managing Director and CEO of Abuja Investments Company Limited (AICL) has unveiled an Automated Tollgate System for streamlining access control, security enhancement, and facilitation of smoother operations in Garki Ultra -Modern Market in the Federal Capital Territory.

According to Fatima Nadada, Head of Communications, AICL, the automated system will among other things provide: Smart Access Control; also, the new system employs cutting-edge technology to regulate entry and exit at the market gates by ensuring that only authorized individuals can access the premises.

“In addition, there is room for real-time monitoring of activities as market administrators can monitor activities at the gates in real time, allowing for prompt responses to any anomalies or security breaches.

 “Also, the system collects data on foot traffic, peak hours, and patterns. Thus, enabling informed decision-making by the management of the market, as well as efficient revenue collection, since it will improve automated payment processing, simplifies fee collection, reduce paperwork and enhance transparency.”

In her remarks at the event, Ambassador Tamuno expressed enthusiasm on the milestone and was optimistic that the automated system would not only empower market stakeholders but contribute to the growth of FCT’s economy.


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Bigi Carbonated Soft Drinks Treats 40 Consumers to an Epic Easter Movie Hangout

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Reinforcing her commitment to a delightful consumer experience, Bigi Carbonated Soft Drinks, a leading brand from Rite Foods Limited, hosted 40 lucky fans to an impressive Easter celebration. This exciting Easter movie hangout took place at Silverbird Cinemas, Ikeja City Mall, Lagos, and featured a screening of the movie, “Beast of Two Worlds (Ajakaju)”.

The movie’s portrayal of traditional Nigerian society alongside its thrilling plot left the Bigi consumers thoroughly entertained. After the movie, the fans received exciting freebies and expressed their gratitude to the Bigi brand for this special Easter treat.

Biola Aransiola, Assistant Brand Manager, Bigi, commented on the event, highlighting Bigi’s dedication to showing appreciation to their consumers. “This movie hangout served as a way to celebrate Easter with our loyal fans and provide them with a truly extraordinary experience, all while enjoying the refreshing and diverse range of 13 Bigi flavours,” Aransiola stated.

Bigi Carbonated Soft Drinks has consistently demonstrated a strong commitment to consumer well-being. The brand actively connects with its audience by creating opportunities to fulfill their dreams and offering refreshment throughout their journeys. Bigi’s dedication to its consumers is further solidified through sponsorships of various initiatives, earning them prestigious awards such as the “Most Innovative Carbonated Soft Drink Brand of the Year” (2023), “Friendly Brand of the Year” (2023), and “Best Value for Money-Carbonated Soft Drink Brand” (2023), among others


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