FMCG

ENCOMIUMS! MAN lauds H & Y Furniture on product excellence

ENCOMIUMS! MAN lauds H & Y Furniture on product excellence

  Director-General, Manufacturing Association of Nigeria (MAN), Mr. Segun Ajayi-Kadir, has commended H & Y Furniture Manufacturers for its expansive production capacity and quality of its products. Ajayi-Kadir led a team of MAN’s executives on a tour of the sprawling factory of H & Y Furniture Manufacturers, located in the Ikorodu, Lagos State. The team […]

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Rite Foods shines at BrandXchange consumers’ value awards

Rite Foods shines at BrandXchange consumers’ value awards

  Rite Foods Limited, a prominent player in Nigeria’s fast-moving consumer goods (FMCG) industry, is thrilled to announce its resounding success at the 2nd edition of the BrandXchange Consumers Value Awards, an event dedicated to celebrating brand excellence. The awards include the following categories: Best Value for Money – Carbonated Drink Brand 2023: Bigi Cola,

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TelCables Nigeria Provides Digital Support To MSMEs

TelCables Nigeria Provides Digital Support To MSMEs

  TelCables Nigeria plans to showcase its solutions to Micro-, Small and Medium-sized Enterprises (MSMEs) at the inaugural International Telecoms Week Africa 2023 (ITW) tomorrow in Nairobi, Kenya. Telcables Nigeria Regional Director, Fernando Fernandes said: “As a new entity serving Nigeria and its neighbouring countries, TelCables Nigeria is in a unique position to offer   carrier

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Consumertrics Chief Executive, Ayojimi, congratulates winners of Consumer Value Awards, harps on customer prioritisation in business

Consumertrics Chief Executive, Ayojimi, congratulates winners of Consumer Value Awards, harps on customer prioritisation in business

  Chief Executive Officer and Managing Director of Consumertrics, Mr. Muyiwa Ayojimi, has felicitated with notable brands that won big at the just concluded Consumer Value Awards held at the Radisson Blu Hotel, Ikeja. Mr. Ayojimi, said the event which held on September 7, 2023, was indeed in line with providing robust consumer value in

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BREAKING! 73% of Nigerians indicate no confidence in digital money lenders – Consumertrics Survey

BREAKING! 73% of Nigerians indicate no confidence in digital money lenders – Consumertrics Survey

  The majority of respondents to a recent survey conducted by Consumertrics have expressed their lack of trust in digital lenders. The leading advisory group asked in an online poll if respondents see digital lenders as “angels or demons”, with 73 per cent choosing the latter option. Without mincing words, the Consumertrics survey asked the

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Mastercard partners Alerzo to offer digital payment solutions to SMES

Mastercard partners Alerzo to offer digital payment solutions to SMES

  Financial services company, Mastercard, has partnered with Nigeria’s E-commerce platform Alerzo, to offer digital payment solutions, to address the challenges faced by SMEs in Nigeria’s Fast Moving Consumer Goods (FMCG) sector. This partnership aims to promote the use of financial solutions over the next five years and provide practical financial training and knowledge to

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ICYMI! Cadbury Nigeria’s Profit Decline by N14.52bn on FX Loss

ICYMI! Cadbury Nigeria’s Profit Decline by N14.52bn on FX Loss

  With about N20.77billion foreign exchange losses, Cadbury Nigeria Plc has declared N14.52billlion loss before tax in half year (H1) ended June 30, 2023 as against N3.35billion profit before tax reported in half year (H1) ended June 30, 2022. The Fast-Moving Consumer Goods (FMCG) company listed on the Nigerian Exchange Limited (NGX) also declared N14.54

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Consumer goods manufacturers borrow N1.8trn to survive in HI’23

GENTLE REMINDER! Consumer goods manufacturers borrow N1.8trn to survive in HI’23

  At the backdrop of rising interest rates and foreign exchange scarcity, leading consumer goods manufacturing companies have come under severe funding pressure. Financial Vanguard findings from the financial statements of the companies show that they have resorted to very expensive bank borrowings to sustain their businesses, increasing their exposure to the banks to N1.834

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FELICITATIONS! Indigo named best IMC firm in Nigeria

FELICITATIONS! Indigo named best IMC firm in Nigeria

  Integrated Indigo Limited, one of Nigeria’s leading full-service Public Relations Consultancy firms, has emerged as the Best Integrated Marketing & Communication Consultancy Firm in Nigeria at the recently concluded Sixth Annual African Excellence Awards. In a statement conveying the development, MEA Markets – the award organisers said, “The teams at MEA markets are honoured

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