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Dangote Industries Limited, again emerges as the most valuable brand in Nigeria for 7th time

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Nasiru Yusuf Ibrahim

 

For the seventh consecutive years, Dangote Industries Limited, has again emerged as most valuable brand in Nigeria, leading other top brands like MTN, Airtel, Access Bank, Globacom and many others.

KANO FOCUS reports that the latest report of the TOP 50 BRANDS NIGERIA® rankings, an annual celebration of the most influential and valuable brands in the country, revealed this.

Dangote is immediately followed by MTN Nigeria, which not only ranks second overall but also emerged as the Most Popular Brand in the country for the year, according to the Top-of-Mind (TOM) survey. MTN’s strong consumer connection and widespread recognition highlight its significant impact on the telecommunications sector and beyond.

At the third place this year is Globacom Nigeria, a leading Nigerian multinational telecommunications company known for its innovative solutions and commitment to progress. Globacom’s consistent ranking among the top brands indicate its significant role in Nigeria’s digital and technological advancement. Airtel Nigeria, another key player in the telecommunications sector, secured the fourth position. Access Bank ranked in the fifth position, topping the Banking & Financial Services sector.

The organisers stated that: “This year’s list is a testament to the resilience, innovation, and enduring relevance of brands that continue to shape Nigeria’s economic, particularly in challenging times.

A significant highlight this year is that seven of the first 10 brands out of the 50 are Nigerian, emphasizing the resilience and global competitiveness of home-grown brands, most of which had spread abroad.

Additionally, it is impressive to note the consistency among the top brands, with seven of them maintaining their positions from last year. This stability reflects their continued relevance, strong market presence, and ability to navigate the complexities of the Nigerian business environment.

Nigerian brands account for 24 spots on the top brands list this year, while international brands hold 26 positions, representing 52% of the total.

The 2024 list also witnessed the entry of two new brands, these are Opay Nigeria and Flutterwave, which made their debut in the annual Top 50 evaluation. These new entrants highlight the growing influence of fintech and digital payment platforms in shaping Nigeria’s economic future.

Notably, 14 brands maintained their positions from the previous year, reflecting their consistent performance and consumer trust.

Another set of notes in the presentation are the 10 Brands to Watch – These are vibrant and upcoming brands, who, though not among the 50 Top Brands yet, but with significant visibility and promises. This year, 9 of the 10 Brands to Watch are Nigerian.

During the public presentation, Taiwo Oluboyede, CEO of TOP 50 BRANDS NIGERIA®, commended the brands for their exceptional performance resilience, particularly in the face of the present economic challenges. “These brands deserve commendation, really, especially in times like this. The past year has been tough for many businesses, with some relocating out of Nigeria and others barely holding on. However, the majority of these brands have shown the resilient Naija spirit by weathering the storms and standing strong with positive projections into the future” He went on “As the saying goes, tough times never last, but tough people do. It’s in times like this that you differentiate between the boys and the men, as these brands have shown.” Concluded Oluboyede.

The 2024 TOP 50 BRANDS NIGERIA® list is a celebration of excellence, resilience, and the relentless pursuit of growth. As these brands continue to innovate and adapt, they set the standard for what it means to be a top brand in Nigeria. We look forward to witnessing their continued success and contribution to Nigeria’s economic development in the years to come.

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KSCHMA coverage increased by 37% in 15 months – E.S

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Nasiru Yusuf Ibrahim

Kano State Contributory Healthcare Management Agency (KSCHMA) has recorded 37% increase in number of its enrolees in the last 15 months.

KANO FOCUS reports that the Executive Secretary of the Agency Dr. Rahila Aliyu Mukhtar revealed this during a consultative engagement with organised labour on how to improve the healthcare service in the scheme.

She explained that, the primary services accessed by the enrolees under the scheme from 2022 to second quarter of 2024 stands at 1,852,485, while secondary healthcare services accessed stands at 28, 932 across the engaged healthcare providers.

In his remark, the Commissioner State Ministry of Health Dr. Abubakar Labaran Yusuf assured government support and commitment toward the successful implementation of the scheme and general improvement of healthcare services.

On his part, the State Head of Service Alhaji Abdullahi Musa said Kano state government government attached priority attention to the welfare of workers, adding that, the Contributory Healthcare scheme was not meant for workers alone but all residents of Kano.

He also solicited the support and cooperation of labour unions in order to move KSCHMA to greater height.

Also speaking the chairman Nigeria labour Congress (NLC) Kano state council Comrade Kabiru Inuwa, said that, the union being the major contributor of the scheme would not fold it arms while their members suffered in accessing the needed care.

He reiterated their commitment to ensure that their members received what they deserved by the healthcare providers.

Highlight of the event include paper presentation and group work on implementation of the scheme; challenges and recommendation.

A statement sent to KANO FOCUS by the public relations officer of the agency Nura Muhammad Yusuf said the workshop was conducted with support from FCDO Lafiya.

 

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EU partners UNICEF to enhance school safety, quality education in Kano

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Aminu Abdullahi

 

The United Nations Children’s Fund has trained over 40 educational stakeholders under the Educational and Youth Empowerment Project (EYE).

KANO FOCUS reports that the participants undergone two day training on school safety, security, and climate literacy to ensure effective teaching and learning as well as safety of schools in the North West.

The state education facilitator of EU EYE, Aisha Abdullahi, said that the programme is funded by the European Union and supported by UNICEF, while the education partners such as the federal and state ministry of education, SUBEB, and other education stakeholders implemented the program.

She explained that the two-day programme is to train EYE teachers from various local governments and schools who will step down the training to their colleagues on school safety.

On his part, Cacsar Akuduke Executive Director of Talents in Children Promotion, said a lot of schools are not safe, and the program tends to address the shortcomings, building more knowledge and awareness among the stakeholders in education in the provision of the necessary guidelines as contained in the minimal standard for safe schools.

He added that although there are no cases of violence or serious attacks in schools in Kano State, the training will assist the participants with precautionary measures.

In his message, the Kano State Commissioner of Education, Alhaji Umar Haruna Doguwa, who was represented by the Director of Education Support Services, Hajiya Halima Sadiyya Tukur, said that their efforts have significantly and vividly improved access to quality education for many children, particularly those in underserved communities by addressing challenges such as inadequate infrastructure, teacher training, and gender disparities in education, adding that UNICEF has helped in creating a brighter future for these young learners.

The commissioner said the positive changes resulting from government initiatives will undoubtedly have a long-term effect on the lives of children and the overall development of the state.

He corroborated that their commitment to ensuring that every child has the opportunity to learn and thrive is commendable.

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Dangote says Nigeria Can Become a Refining Hub

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Saves Africa’s $17bn Petrol Products Imports

 

Nasiru Yusuf Ibrahim

 

Nigeria must enhance its crude oil production capacity and effectively manage its crude supply to ensure adequate feedstock for domestic refineries, in order to transit from a net importer to a net exporter of petroleum products.

KANO FOCUS reports that Chairman of Dangote Refinery and Petrochemicals Company Limited, Aliko Dangote, made this assertion during his keynote address at a summit held in Lagos by the Crude Oil Refinery Owners Association of Nigeria (CORAN). The event attracted top government officials and key stakeholders from the midstream and downstream sectors.

Addressing Nigeria’s potential as a refining hub, Dangote expressed concern that, despite producing over 3.4 million barrels of crude oil per day, Africa imports around 3 million barrels of petroleum products daily. He noted that these imports, primarily from Europe, Russia, and other regions, are estimated to cost approximately $17 billion in 2023.

He urged that Nigeria could capitalise on this situation to become a net exporter of refined petroleum products, as the markets would be more competitively served from Nigeria.

“Both the crude oil and the petroleum products will travel shorter distances. The logistics costs of floating storage will be eliminated, and countries can purchase their petroleum product requirements just-in-time. Nigeria and Africa can become completely self-sufficient, and we can keep all the value on our shores. We have done it in cement, and we can certainly do it for petroleum products.

“It is worth noting that the Dangote Refinery already produces sufficient diesel and jet fuel to meet Nigeria’s demand. We recently started the production of PMS and will soon ramp up to meet Nigeria’s needs. Our refined products have been exported to diverse markets, including Europe, Brazil, the UK, the USA, Singapore, and South Korea,” he added.

Represented by Engr. Mansur Ahmed, Group Executive Director of Dangote Industries Ltd, Dangote emphasised that Nigeria must develop a refining capacity of 1.5 million barrels per day and prioritise domestic crude supply obligations to seize this opportunity. Acknowledging the arising and future challenges, he urged the government to incentivise investors, contrasting this with the Dangote Oil Refinery, which was built without any government incentives.

“…It is unfortunate that while countries like Norway are putting oil proceeds into a future fund, in Africa, we are spending oil proceeds from the future. We will also need to prioritise the implementation of domestic crude supply obligations. We will need to expand our crude oil production capacity to support demand from new refining capacity. The government of President Bola Ahmed Tinubu is taking active steps to achieve this through fast-tracking IOC divestments and other initiatives,” he stated.

Emphasising that global developments in the petroleum sector, particularly in Europe, will disrupt historical trade flows for refined petroleum products in Africa, Dangote stated that Nigeria is uniquely positioned to capitalise on this opportunity and become a significant player in the global oil industry. He called for consultation, collaboration, and cooperation among stakeholders.

“As a vibrant exporter of refined products, Nigeria will witness an improvement in its balance of trade and generate much-needed foreign currency. Nigeria’s potential as a refining hub is clearly not in doubt; let us work together to make it happen,” he urged.

The foremost industrialist noted that the summit’s theme, “Making Nigeria a Net Exporter of Petroleum Products,” would have seemed unrealistic a few years ago, and added that despite being Africa’s largest crude oil producer, Nigeria has historically relied on imports to meet its refined petroleum product needs.

However, he emphasised that the Dangote Petroleum Refinery and Petrochemicals is poised to transform Nigeria from a “net importer” to a “net exporter” of refined petroleum products, establishing the country as an emerging player in global downstream trade flows; with refined products already exported to various markets, including Europe, Brazil, the UK, the USA, Singapore, and South Korea.

Commending Dangote for this transformation, Chairman of IPPG/Waltersmith Refinery & Petrochemicals Co. Ltd, Abdulrazaq Isa, called on the government to support domestic refiners by ensuring the availability of crude, adhering to domestic crude supply obligations, and implementing effective pricing and monitoring measures to prevent smuggling.

Chairman of CORAN’s Board of Trustees and CEO of Integrated Oil & Gas, Captain Emmanuel Iheanacho (rtd), remarked that the Dangote Oil Refinery has set a high standard by producing Euro-V products, thus protecting citizens from exposure to high-sulphur products.

He noted that transforming Nigeria into a net exporter will bring numerous benefits but reiterated the need for increased investment to boost crude production, lamenting that Nigeria loses approximately $83 billion annually by not meeting its OPEC quota.

While acknowledging that tank farms remain essential despite local refining, Iheanacho urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), to consider cancelling import licences, as Nigeria can now meet its local demand, Chairman of Major Energies Marketers Association of Nigeria (MEMAN), Huub Stokman,  stated that Nigeria is on the verge of becoming Africa’s refining powerhouse, which will significantly boost the economy.

The Chairman of CORAN, Momoh Oyarekhua, also expressed concern over challenges related to crude supply and stated that domestic refiners will work with regulators and stakeholders to address these issues.

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lopkobiri,  assured that the government would continue to refine frameworks to enhance crude production and support domestic refineries. His counterpart from the Ministry of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, emphasised the Tinubu-led administration’s commitment to ensuring value addition for mineral resources before export.

Two panel sessions were held to discuss Nigeria’s downstream petroleum refining sector and its potential impacts, as well as policy strategies for achieving self-sufficiency in petroleum products.

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