According to the 2016 study, released by interbrand last week, Kia has risen five spots to become the 69th most-valuable brand in the world. The global value of the Kia Motors brand has grown by 12 per cent over the last year, according to Interbrand’s exclusive list of the 100 ‘Best Global Brands’. The Korean… Continue reading [AUTOBRANDS]#MOTORING: KIA IS NOW THE 69TH MOST VALUABLE BRAND IN THE WORLD.
Coca-Cola intends to buy the stake global beer giant Anheuser-Busch InBev holds in Coca-Cola Beverages Africa, the two companies announced yesterday; October 11, 2016. The proposed deal follows ABI’s mega-takeover of SABMiller to create the world’s biggest beer company. That buyout allowed the the Belgian-Brazilian maker of Budweiser and Stella Artois to recover the stake… Continue reading [BRANDWEEK] #REPORT: COCA-COLA IS BUYING BACK AB inBEV SHARES IN COKE-BEVERAGES AFRICA.
The third annual ‘BrandZ Top 50 Most Valuable Indian Brands’ rankings study by WPP and Kantar Millward Brown has just been released. According to the report, the total value of India’s most valuable brands has risen by 30 per cent over the last three years, with the Top 50 brands now worth $90.5 billion; HDFC… Continue reading [BRANDS]#MUMBAI: AIRTEL, BAJAJ, HDFC BANK RATED TOP BRANDS IN INDIA.
Guinness Nigeria Plc plans to increase exports to improve sales and generate more foreign exchange as the country’s second-largest brewer battles to overcome an economic slump in its home market. That will help resolve the brewer’s shortage of foreign currency in Nigeria, which the beverage maker needs to pay for imported goods. “With all the… Continue reading [PRODUCT]#FMCG: GUINNESS NIGERIA WANTS TO EXPORT STOUT TO SOUTH AFRICA.
South African mobile phone operator, MTN Group, on yesterday scrapped its local mobile money business due to its high operating cost. The Brand said, in a statement in Johannesburg, that the business was no longer viable in a country where around three quarters of the population already had a bank account. “The operating costs of… Continue reading [BRANDS]#DEBRANDING: MTN NIGERIA DISCONTINUES MOBILE MONEY SERVICES IN SOUTH AFRICA.
First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, yesterday announced the appointment of Mr. Olusegun Alebiosu as its new Chief Risk Officer (CRO). Prior to this appointment, Olusegun was the Chief Risk Officer of Coronation Merchant Bank. Mr. Alebiosu’s appointment, which is still subject to approval by the Central… Continue reading [BRANDS] #BANKING: FIRST BANK CONFIRMS OLUSEGUN ALEBIOSU AS CHIEF RISK OFFICER.
Few days ago Nigeria’s economic recession slidding to 2.06% was announced however this deeper revelations by Reuters are shocking. Read: Credits: Uly Laessing via Reuters * Nigerian factories starved of importation. * Vehicle plant halted for lack of engines * Africa’s largest economy in first recession since 1991 * GDP contracts by 2.06 percent in… Continue reading [WORLD POLITICS] #EXCERPTS: NIGERIA’S RECESSION, INNOSON JOB LAY-OFFS; THIS REUTERS’ REPORT SAYS IT ALL.
The Central Bank of Nigeria has licensed new International Money Transfer Operators to operate in Nigeria. The Central Bank of Nigeria announced this yesterday in a statement by the acting Director of Corporate Communications, Isaac Okorafor. The AgDG said it is in furtherance of efforts to liberalise the Foreign Exchange Market, ensure liquidity and make… Continue reading [BRANDWEEK] #BUSINESSREPORT: CBN LICENSES 11 NEW PRIVATE FOREX OPERATORS IN NIGERIA AMIDST BANK SUSPENSIONS.
SunTrust Bank is the first regional bank to receive a new license by the Central Bank of Nigeria (CBN) since 2001 and the first full-fledged financial technology bank in Nigeria. The Bank is the first commercial bank that runs minimal branches and focuses on electronic channels by offering telephone, mobile and internet banking services. According… Continue reading [BRANDWEEK REPORT]#BANKING: ALIKO DANGOTE LAUNCHES SUNTRUST BANK.
International information technology giant HP (formerly Hewlett-Packard) has moved the majority of its Enterprise B2B account from Omnicom to Publicis after an agency review. This shift follows the parent company’s May decision to dial back its relationship with Omnicom’s 180LA and send a greater share of its marketing work to Gyro and Paris-based indie agency… Continue reading [BRANDS]#ADVERTISING: HP STRIPS ITS STRATEGY ACCOUNTS FROM OMNICOM, PITCHES TENT WITH PUBLICIS. WATCH AD:
Bamboo Therapeutics has been fully acquired by Pfizer, considerably expanding that company’s holdings in gene therapy. With the acquisition, Pfizer gains several potential therapeutic agents for rare diseases, including one for Duchenne muscular dystrophy (DMD), soon to enter clinical testing; and one Phase 1/2 clinical stage agent, a potential best-in-class recombinant Adeno-Associated Virus (rAAV) vector technology. It also now owns a fully… Continue reading [BRANDS] #BIGPHARMA: PFIZER ACQUIRES BAMBOO THERAPEUTICS, PLANS TO EXPAND RESEARCH INTO GENE THERAPY FOR DUCHENNE MUSCULAR DYSTROPHY.
Kylie for Puma Puma ‘s German execs are happy with the company’s performance in the first half of 2016, where sales rose 10 percent at constant exchange rates, though a strong U.S. dollar put a dent in gross profit margins. Net… Continue reading [ADVERTISING] #PRINTADS: PUMA IS SMILING TO THE BANK AFTER RIHANNA & KYLIE JENNER’S ENDORSEMENTS. READ: