The National Institute of Marketing of Nigeria (NIMN), the premier body for marketing professionals in Nigeria, recently inducted new members into various membership categories, underscoring its commitment to fostering high standards of professionalism and expertise in the industry. The induction ceremony, which took place during the Annual Marketing Conference in[Read More…]
Brands & Marketing
NIMN Announces Date for Annual Marketing Conference
The National Institute of Marketing of Nigeria (NIMN) has announced that its Annual Marketing Conference, the biggest marketing event in the country, is scheduled to take place from June 20 to 22, 2024, in Ibadan, Oyo State. This highly anticipated three-day event is expected to draw top industry professionals, academics,[Read More…]
Remove term: Multichoice Group has an account balance of N31.6 billion with Heritage Bank Multichoice Group has an account balance of N31.6 billion with Heritage Bank
Multichoice Group, owners of DSTV, had an account balance of N31.6 billion with Heritage Bank, before the bank’s liquidation. According to the group’s annual report for FY 2024, Multichoice had a deposit of N33.7 billion (488 million South African Rands) with the bank as of the 2024 fiscal year end[Read More…]
MultiChoice Posts Loss On Drop In Subscribers
South Africa’s TV giant MultiChoice posted a pretax loss of 706 million rand ($38 million) for the year ending in March, the company said Wednesday citing weak local currencies and a drop in subscribers. The company is the subject of a takeover bid by France’s Canal+, which already holds more[Read More…]
Stanbic IBTC Capital Emerges Best Local Currency Bond House
Stanbic IBTC Capital, the investment banking subsidiary of Stanbic IBTC Holdings, has been recognized as the ‘Best Local Currency Bond House’. The Bank received the award at the EMEA Finance Awards for the second consecutive year. Accordingly, this award highlights the company’s outstanding performance and key role in the Nigerian[Read More…]
GEN Nigeria, Bluerock Accelerate record history with inaugural Entrepreneurs Lounge event in Nigeria
The inaugural Entrepreneurs Lounge event held in Lagos recently was judged a success by all standards as startups founders and established entrepreneurs in Nigeria turned up for the first entrepreneurs lounge powered by GEN Nigeria in collaboration with Bluerock Accelerate. The inaugural entrepreneurs lounge which also featured Nigeria national finals[Read More…]
Nigeria’s Advertising Industry Valued At ₦605.2B, Multiplier Effect At ₦1 To ₦16.5 – New PwC Report
A new report commissioned by the Advertising Regulatory Council of Nigeria (ARCON) and funded by various industry associations has shed light on the advertising sector’s contribution to the nation’s Gross Domestic Product (GDP), its value and multiplier effect. The report was carried out by PricewaterhouseCoopers (PwC) and presented to stakeholders[Read More…]
Multichoice says Nigerian Tribunal “breached its right” with free subscription order
The legal team of Prominent Pay-TV operator, Multichoice Nigeria has said that the Competition and Consumer Protection Tribunal “breached their right to fair hearing” by imposing a N150 million fine on it following its preliminary objection challenging its jurisdiction among other reliefs. Multichoice’s lawyer, Moyosore .J. Onibanjo (SAN) disclosed this[Read More…]
N Brown to ramp up marketing spend by £10m
The owner of N Brown, a fashion brand has promised to invest £10m in marketing over the coming year as part of plans to drive sustainable growth, awareness, consideration and acquisition. Marketing features prominently as a key focus for the year ahead in the fashion group’s latest results for the[Read More…]
Tribunal orders Multichoice to give Nigerians one-month free subscription …fines Pay-Tv operator N150 million
The Competition and Consumer Protection Tribunal fined Multichoice Nigeria N150 million for challenging the court’s jurisdiction and ordered the company to provide Nigerians with a one-month free subscription on DStv and GOtv. The tribunal had previously restrained Multichoice from increasing subscription fees without adequate notice, following a suit by Barrister[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]