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Marketing Edge Confers Brand Of The Year Award On DIL

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Dangote Tackle forex shortage with sugar

Marketing Edge, Nigeria’s leading Brands and Marketing publication has honoured Dangote Industries Limited (DIL) with the Brand of the Year award.

The honour was bestowed at a ceremony in Lagos, where Publisher and Chief Executive Officer, Marketing Edge, John Ajayi, described it as signposting Dangote’s good corporate performance over the last one year.

According to Ajayi the award category won by DIL is the flagship in honour of the company’s continuous contributions to the economic development of Nigeria and Africa.

He said, “This recognition covers many business investments and corporate interventions carried out by the company in Africa as a continent.”

The top marketing strategist said DIL came atop in ranking among other companies because of its aggressive employment generation drive, which has seen thousands of able youths, gainfully employed in the Group, as well as the commitment to provision of critical infrastructure.

The award presentation was the highlight of the celebration of Marketing Edge’s 20th anniversary and the 11th edition of its yearly Brands and Advertising Excellence Award, where other brands were also recognized.

According to the Publisher, the Marketing Edge Brands and Advertising Excellence Award has established itself as a seminal event in Nigeria’s Integrated Marketing Communication (IMC) sector because it offers a singular forum for rigorous intellectual discussion and it recognises and celebrates, year after year, products, corporate, institutional, personality brands that stand in their segment or sectors, as well as practitioners for their dedication to excellence in branding and marketing.

Ajayi pointed out that the entrance of Marketing Edge into the industry 20 years ago has no doubt made us an authoritative and dependable ally to all players in the Nigerian marketing and advertising eco-system.

“This is the reason why we have rolled out the drums to celebrate excellence by recognising those individuals and organisations who have contributed immensely to the country,” he said.

The brand award came barely a month after the Dangote Group emerged as Nigeria’s Most Valuable Brand for the sixth consecutive year, an award given by Top 50 Brands Nigeria, organisers of the Most Valuable brand, which is an outcome of a comprehensive and thorough research.

In addition, DIL was honoured by journalists in Lagos State under the banner of Nigeria Union of Journalists (NUJ), who conferred an award of excellence on the Group for its outstanding contributions to the economic development of Nigeria and Africa in general.

The award, according to the journalists, was in recognition of Dangote’s aggressive employment generation drive as well as its huge investments in social and critical infrastructures in Nigeria and Africa.

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Naira Slumps 4.60% Against Dollar

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Naira To Dollar Exchanges At N464.67

In a sharp turn of events, the Nigerian Naira took a significant tumble on Tuesday, plunging to N1,416.57 against the US dollar at the official market.

This staggering drop of N62.36 from the previous trading day represents a 4.60 percent loss, sparking concerns among investors and analysts alike.

Data from the FMDQ Exchange, overseeing the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed this unsettling trend.

Despite the currency’s downward spiral, trading activity surged, with the daily turnover soaring to $160.77 million, compared to Monday’s $84.83 million.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira’s performance remained volatile, trading between N1,445 and N1,301 against the dollar, underscoring the currency’s precarious position in the market.

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Dangote Restates Commitment To Host Communities’ Capacity Building

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Dangote Tackle forex shortage with sugar

The management of Dangote Cement Plc., Ibese Plant has assured that it would continue to complement the efforts of the Ogun State Government in the development of its host communities through capacity building for the people, especially the youths.

In a statement, the company declared its commitment to development for the prosperity of the people and host communities for which it is placing a premium on the developmental needs of the communities and empowerment of their indigenes.

During a capacity development workshop for Host Community Representatives, General Manager, Human Asset Management/Admin, Aina Olugbenga, said, Dangote Cement remained committed to implementing value-adding empowerment programs to uplift the people and develop the host communities.

The workshop themed: “Team Building, Inclusivity and Stewardship, a panacea to effective Community Representatives” according to him, was to equip the Community reps with the right skills to offer quality representation for their people. He stated: this capacity building workshop is aimed at developing and strengthening the skills, instincts, and abilities of the communities through their representatives adapt and thrive in a fast-changing world.

Olugbenga noted that the workshop is part of the management’s strategy to improve relationships with the host communities and urged the participants to leverage the knowledge acquired from the workshop to improve service delivery to their people and the Cement plant.

According to him, Dangote Cement, Ibese Plant is committed to building the capacity of the people and institutions in the communities by identifying skill gaps and partnering to up their skills for economic prosperity. This, he stated, was in anticipation that other stakeholders will continue to play their part by partnering and supporting the Company to ensure peaceful co-existence and shared prosperity for all.

Said he, “Apart from reciprocating the good gesture of Dangote Cement by ensuring peace at all times and keeping an open and trusting mind towards the organization, we also desire from our community leaders and representatives who are present here, the ownership of all Social Investment programme, be it training or infrastructure because they are meant for the betterment of our people.”

On behalf of the Community Representatives, Hon. Dayo Ogunyinka thanked the Dangote Cement management for the workshop while assuring continued commitment to effective, efficient and selfless discharge of their roles and responsibilities to their various communities and the Plant.

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JUST IN: NDIC Boosts Deposit Insurance For Banks

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The Nigeria Deposit Insurance Corporation (NDIC) has announced revisions to the Maximum Deposit Insurance Coverage for banks operating within the country.

NDIC’s Managing Director, Bello Hassan, disclosed the updated coverage benchmarks during a media briefing in Abuja on Thursday.

The coverage for Deposit Money Banks has been increased from N500,000 to N5 million, for Microfinance Banks from N200,000 to N2 million, for Primary Mortgage Banks from N500,000 to N2 million, and for Mobile Money Operators subscribers’ pass-through from N500,000 to N5 million per subscriber.

Hassan underscored that the objective of the update is to enhance depositor safety, foster public trust, promote the inclusivity of financial services, and ensure the overall stability of the financial sector.

 

 

More to follow.. . .. . 

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