Business

Cool FM’s Amin Mousalli, Allon Nelken, Kavitta Chellaram, Diana Chan, Others For Ethnic Business Awards

Published

4 years ago

January 15, 2020

Adebayo

Nigeria-based foreigners who’re contributing to the nation’s economy in terms of visible investments and employment generation will be honoured and celebrated during the Ethnic Business Awards (www.theethnicbusinessawards.com) on Valentine’s day, February 14th, 2020 at the prestigious Oriental hotel Lagos.
These diaspora foreigners who have chosen Nigeria as home despite the stormy waters, according to the organizers of the epoch making event deserve more than celebration and will be honoured in different categories such as Ethnic Man of The Year, Woman of The Year, Entrepreneur of The Year, CSR Brand, Beauty Brand, Financial Institution to mention but a few.
On the Ethnic Man of The Year category are revered international business tycoon such Alli Mousalli of Cool FM, Allon Nelken, (Mega Plaza), Benoy Berry (Contec Group), Robert Tung (Wempco), Mann Lababidi of Crown Flour Mills to mention but a few while the nominees for Ethnic Woman of The Year are Diana Chan (GAC Motors), Kavita Chellaram (ArtHouse Contemporary) and Caterina Bortolussi of Kinabuti Fashions.
Other interesting categories are the Ethnic Financial Institutions where the likes of Stanbic IBTC, Standard Chartered and Citi Bank are being nominated.
Foreign entertainers who’re making waves in the Nigerian showbiz industry will also be honoured in the catrgories itemized as Cross-Over Actors, Actress and Musician of The Year. Prominent African stars such as Juliet Ibrahim (Ghana), Princess Shyngle (Gambia), Cynthia Emade (Cameroun), Ela Mensah (Ghana), Okawa Shaznay among others.
The Ethnic Business Awards is aimed at recognizing and appreciating the outstanding contributions of foreign businesses, organisations, individuals and communities to corporate Nigeria, “this is like thinking outside the box, the awards is designed to reward and encourage innovations and excellence among Nigeria-based foreigners in enterprise”.
Inspired by the growing population of foreign investors, organisations, individuals and migrants communities who have impressed with remarkable inputs into the growth of the Nigerian economy, the Ethnic Business Awards [EBA] seeks to reward the best practices in commerce, international diplomacy and excellence across other industries.
Nigeria became Africa’s largest economy for the second year in a row according to a multinational professional services network, PricewaterhouseCoopers (PwC), in 2019. Beyond doubts, this feat would have been impossible without the faith reposed in her by men and women of other nationalities who have defied doom prediction to swarm Nigeria to grow her commerce.
The EBA (www.theethnicbusinessawards.com) pays very special attention to promising and established foreign companies, missions, communities, organisations and individuals of sterling qualities all of whom have been identified and grouped into different categories following a public opinion poll and wide consultations with some of the industry’s finest experts.
The event holds on St. Valentine’s Day, February 14th, 2020 at the prestigious Oriental hotel Lagos.

Business

Ooni of Ife Extends Business Frontier with Audacious Takeover of Tingo

Published

4 days ago

April 19, 2024

Adebayo

Ooni of Ife His Imperial Majesty, Enitan Adeyeye Ogunwusi

Coca Cola, Pepsi, American Cola & all other popular brands in the soft drink sector & energy drink sector should get set for an immense battle royale, which would be to the great advantage of the consumers, as the newest brand to come into that sector arrived with a massive bang yesterday! And to the admiration of all.

Tingo set of drinks launched on Tuesday, April 16, 2024, at their expansive HQ, to the admiration of all to loads of unprecedented razzmatazz/fanfare with consumers greatly giving kudos for a good job well done.

Only 2 out of 9 variants were launched yesterday. The Tingo Cola & Tingo Electric Energy drink. And already people are anticipating the other variants with bated breaths! As they were quite impressed with what they have experienced already!

To state a fact without mincing words, the taste was amazing, as was the international style packaging, too, in reusable cans, with health considerations playing a major part in the production. Sugar content was exact without affecting the taste!

Even the name of the brand Tingo is also titillating, to say the least.

All of the 9 varieties of impressive drinks are set to be unleashed powerfully into the market pretty soon like a takeover by the company now captained by none other than his imperial majesty, Alaiyeluwa Oba Adeyeye Babatunde Enitan Ogunwusi, the Ojaja II, Ooni-Orisa Olofin Adimula of Ile-Ife.

The astute businessman cum royal father is said to have bought off the company from the former owner and has deliberately kept the fascinating name of the brand.

The amiable monarch, who is a youth advocate/encourager in all ramifications, who believes fervently that the sky is the beginning, and not a limit as it concerns any endeavour one finds in his/her hand to do, spoke at the launch, thus:

‘Nigeria can lead the entire continent of Africa to compete favourably in the global market with standard goods and services, particularly when it comes to carbonated drinks, beverages, and the likes’.

Ooni went further to say that Tingo Cola and Tingo Electric; a Flavoured Carbonated and Energy drinks, respectively, produced by Tingo B.V PLC is a spin-off company from Ojaja Pan Africa Limited, explaining that Nigeria has a lot to offer the world.

“It has been my dream from childhood to have a homegrown brand that will satisfactorily produce international quality drinks that will serve Nigerians, and present the country as a leader in the African market and on the global stage.

“Currently, we have the license under which we are producing Tingo Cola, Tingo Electra, Tingo Twist (Cucumber and Cranberry) and Tingo Booze Fruit mix. All of which are produced and packaged in Nigeria with recourse to our values and standards. All to be properly integrated with Ojaja bitters, Orange, Lemon/Ginger/Orange drinks. Also, most importantly, we should all work towards elevating our homegrown brands instead of demarketing them.”

Speaking further on his involvement in the commercial activities through these products, Ooni Ogunwusi said, “I have taken it upon myself to step into the market not as businessman but as a pathfinder who will show our people how to add value for international standard in production to distribution and consumption. It is a new model that will be a win- win for everyone.

“With this, I am targeting a total of five million direct and indirect jobs for the youths, particularly through retailing, recycling, and other forms of distributorship fully driven by technology. The youths are drivers of this initiative, and we are determined to achieve this purpose through a unique, proven technology and innovation. Under our Unified ecosystem of “the more we are together, the happier we shall be”

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Business

Oando Boss Wale Tinubu Showers Encomium on Dangote @67

Published

2 weeks ago

April 11, 2024

Adebayo

Aliko Dangote with Wale Tinubu

‘Celebrate true friends. They are a part of you that always sparkle’ – Amy Leigh Mercree

The English-born actress may have had the boss of Oando Group, Jubril Adewale Tinubu in mind when she made this quote.

Truly, the trained lawyer never forgets to celebrate and appreciate his good friends whenever it is necessary. In fact, he is one gentleman who values and understands the definition of true friendship.

This played out yesterday, Wednesday, April 10, 2024, when he showered praises on his friend of many years, Africa’s richest man and Chairman of Aliko Group, Alhaji Aliko Dangote, when he clocked 67.

In celebration of Dangote, the oil and gas top player wrote:

“Happy Birthday to a visionary and accomplished entrepreneur whose impact continues to reverberate across Africa and beyond.

I hope your day has been filled with joy, laughter, and limitless blessings. May the world continue to recognise and applaud your remarkable achievements.

As you enter a new year, my prayer is that your commitment to building Africa never waivers but now and again you stop to appreciate the phenomenal difference you have made to the capacity of indigenous entrepreneurship on the global stage.

Wish you many more years in good health.

Dangote, a name that means so many things to many people. But what no one can deny is the fact that the name is essentially synonymous with success.

Since he made his mark in the nation’s business sector, many years ago, he has risen to become a glittering star in the business firmament.

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Business

Inflation: Real reason Indomie reduced Prices of Popular Staple Food item Revealed

Published

4 weeks ago

March 29, 2024

Adebayo

A flagship brand under Dufil Prima Foods Limited, Indomie Instant Noodles, has announced a significant reduction in prices to ensure affordability for consumers amidst Nigeria’s escalating inflationary pressures.

The decision came as a response to mounting economic challenges faced by Nigerians, with the aim of maintaining accessibility to this popular staple food item.

And this has been confirmed by a recent survey conducted across various stores in Lagos, which revealed a notable decrease in the prices of Indomie products. The cost of the 70g pack of Indomie Regular Chicken noodles plummeted from N300 to N250 compared to the previous month.

Additionally, the price of a 40-pack carton of Indomie dropped from N12,000 to N10,000 within the same timeframe. Prior to this adjustment, Indomie’s prices had surpassed those of competing brands such as Mimee (N200) and Honeywell noodles (N250).

Temitope Ashiwaju, the group corporate communications & event manager at Dufil Prima Foods Limited, attributed the price reduction to favourable changes in operational costs.

He emphasised the company’s commitment to passing on benefits to consumers, stressing their dedication to fairness and affordability.

“We are never going to be taking advantage of the populace. We want to make profit, but in a fair way,” the spokesman added. “That is why we are determined to keep our products affordable to Nigerians.”

Contrary to speculations suggesting low patronage as the driving factor behind the price adjustment, Ashiwaju reaffirmed that the decision was rooted in the company’s ethos of customer-centricity and fairness.

Industry experts have hailed Dufil Prima’s move as influential, predicting a ripple effect that could prompt other brands to follow suit because Indomie’s dominant position in the market has positioned it as a price setter, prompting expectations for broader shifts in pricing strategies across the industry.

The price reduction by Indomie comes amidst a backdrop of economic challenges in Nigeria, characterised by soaring inflation rates.

Over the past nine months, Nigeria has witnessed a steady rise in headline inflation, driven primarily by government reforms such as the removal of petrol subsidy and naira devaluation.

As a result, food inflation has surged, exacerbating the financial strain on households and leading to an increase in poverty levels.

Despite these economic headwinds, a recent report by Euromonitor International indicates robust growth in the sales value of noodles within Nigeria’s formal market.

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