Archive for nigeriang

BRAND MATTERS: Consumer lifestyle and brand experience

BRAND MATTERS: Consumer lifestyle and brand experience

It is essential for brands to present attractive offerings that will add value to consumers’ experience.

The present market
realities have made brands adopt strategies aimed at engaging consumers
and also building brand loyalty. The lifestyle of the consumer should
be given utmost priority in service delivery.

Brand offerings
should be able to deliver creativity, excitement, and entertainment, as
it fosters physical and emotional connection with the brand. Today’s
consumers are dynamic and vibrant and they want a brand that can fit
into their lifestyle and give them worthwhile experiences.

In fact, consumers
now want to create the brand and own the brand. They want offerings
that meet their desired taste and the brand they can use as a means of
self expression. This supports the “MSP” i.e. Me Selling Proposition
standpoint, which places a renewed focus on the consumer.

This is perhaps the main rationale for DSTV Mobile’s offering of ultimate mobile TV entertainment for the consumer.

When DSTV Mobile
launched months back in the Nigerian market, it was readily accepted
because it represented entertainment, information, and value added
services to consumers. Hitherto, they watched DSTV in the comfort of
their homes, but with DSTV Mobile, television is in their hands. This
is one visible way to build brand loyalty and followership.

A unique selling
point was a free trial for the subscribers, which is key to creating
value. The strategic intention is to align with the needs of the
upwardly mobile and constantly on the go consumers who desire to have
fun and excitement as they move on in their pursuits.

DSTV Mobile is on
both MTN and Glo networks, making it easier for subscribers to have
first hand information and knowledge about happenings around them. This
is a vantage way to connect and build brand loyalty.

Brands remain
vibrant and relevant when they focus on key consumer segments; it has
become imperative to meet the expectations of today’s consumers with
ideas like DSTV Mobile. The consumer culture is rapidly changing and as
a result, brands should adopt strategies to remain relevant.

Brands should also
identify key gaps in the lives of their consumers and bridge these
through innovation and value service. Nigerian consumers have a passion
for football, including foreign football clubs, and this is one area in
which DSTV offers enormous benefits.

Through the mobile
television in their hands, and as long as they are connected to DSTV
Mobile, they cannot miss any of the exciting matches. DSTV Mobile makes
subscribers optimise the quality of their viewing time and also get
premium content and programming on their phones.

Consumers are
attracted to brands that simplify their lives. This is one thing that
DSTV Mobile has done so well. Subscribers will not only be loyal to
such brands, but will ultimately create a community of brand loyalists
by enlisting others to share the same experience. This makes the brand
stand out as one of the very few that matters in the marketplace.

Any brand that keys in to the lifestyle of consumers ultimately creates an enduring experience for them.

Click to read more Opinions

BUSINESS AS USUAL: Youth power

BUSINESS AS USUAL: Youth power

With about 70 per
cent of Nigerians falling under the age of 35, the youth of our country
form a sizeable and important voter demographic. Given the right degree
of mobilisation, we can easily become the most powerful voting segment.
But to be powerful, we must all make a conscious decision to unite. The
recent calls for youth focused debates present an opportunity for this
sort of unity.

A number of
electoral advocacy groups have recently sprung up across our country.
From non-profit initiatives to the release of inspirational songs such
as The Future by Nigerian photographer/singer, TY Bello, the clarion
call for youth agency in the April polls is slowly but surely
reverberating across Nigeria.

Following the
footsteps of the recent governorship debates held in Lagos, civic
organisations are also calling for youth focused Presidential debates,
where our nation’s young people can question this year’s candidates on
how they plan to tackle problems facing the youth. These are good
developments.

In past elections,
disillusioned by rigging and voter intimidation, many Nigerian youth
watched the process from the sidelines, allowing the imposition and
selection of candidates that we had little faith in. This year,
Nigerians have been promised a free and fair electoral process and
young people registered in droves. Given the sheer number of registered
youth preparing to cast their votes in April, young people need to be
paid the homage they deserve by this year’s Presidential candidates.

The reason why
Nigerian youth have hitherto not been taken seriously by Presidential
candidates is primarily because we have never come together under a
united front. Unity amplifies voices and gives teeth to demands for
better welfare and accountability. It also connotes seriousness and
commonality of purpose. This year, us young people must come together
and speak with one voice.

Many Nigerians have
wondered if the recent revolutions in Egypt and Tunisia can be
replicated on our soil. The word ‘revolution’ often conjures images of
violence, bloodshed and war. But there can also be ‘mental revolution’.
There is no need for bloodshed if united voices can communicate the
same message effectively to our country’s aspiring leaders.

The mental
revolution we need is one that recognises the power and right of
Nigeria’s young people to make demands. It should also recognise that
for youth to be taken seriously, we must strive to understand and fully
participate in the issues that affect us. In unity, we should then ask
for these issues to be addressed. Most importantly, the mental
revolution should recognise that Nigeria’s youth have the capacity to
be the most talented, creative and entrepreneurial of young people in
the world. Any administration that seeks to diminish this potential
through ill-conceived policies will either be voted out of office-or
not voted into office, in the first place.

The message from
Nigeria’s youth to the 2011 Presidential aspirants is simple: we will
only vote for the candidate(s) who we believe can best tackle the
challenges facing young people.

Nigeria’s youth will only be taken seriously when we recognise the
power of our collective voice. Now is the time to ask our Presidential
candidates what concrete plans of action they have laid out for 70 per
cent of our nation’s population.

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Tragedy of the killer kerosene

Tragedy of the killer kerosene

Last week, five
children from a family in Imo State lost their lives when their home
went up in flames. This happened after a keg of kerosene bought by the
mother of the house exploded. The woman herself survived, albeit with
severe burns all over her body.

Tragic as this
incident was, the affected family does not hold the dubious distinction
of one with the highest casualty from kerosene-related explosions. Last
month, Hope Adeleke, a policeman serving in Delta State, lost all
members of his family – six children and their mother. The woman and
her children got burnt while she was in the process of refilling a
lantern.

For some months
now, explosions linked to adulterated kerosene have been spreading
death and misery across several states in Nigeria. The epicentre of
this tragedy, however, appears to be Niger Delta states of Edo, Delta
and Rivers. Parts of the southeast have also been affected, as
unscrupulous traders mix chemicals with either diesel or kerosene to
increase their profits from selling the products. Within the past two
months, some 45 cases of kerosene explosions have taken place in Rivers
State, accounting for 15 deaths.

It is no small
irony that the section of the country most affected by this tragedy is
the oil producing part. But that is possibly due to the fact that there
is an abundance of products that could be used to adulterate petroleum
products in the area, as well as the presence of hundreds of illegal
mini refineries. The defence minister recently said the government was
aware of the existence of 300 illegal refineries in the Niger Delta.
The military joint task force has, indeed, been destroying these.

But that has not
done much to prevent families such as Adeleke’s from falling victim of
this macabre trade. It is also glaring that other government
enforcement agencies have gone to sleep over the issue. Instead of
rolling out robust measures to identify and penalise those behind the
criminal activities, agencies such as the Nigerian National Petroleum
Corporation (NNPC) and the Department of Petroleum Resources (DPR) have
done little other than offer platitudes to Nigerians.

A well-publicised
statement from the NNPC advised Nigerians not to patronise fake
purveyors of adulterated fuel and only buy the products from trusted
sources. Which would have really worked well had the corporation taken
time to explain how to identify these fake purveyors.

An official of the
DPR, who recently took a bunch of journalists to the site of some
illegal refineries operating in Mbiama, Ahoada Local Government of
Rivers State, was also kind enough to advise the reporters that her
organisation has no legal power to prosecute the youth behind the
operation, especially as it was unable to provide the criminals with
any alternative means of livelihood should their petroleum business be
closed down. Now, that certainly takes the cake in official ineptitude.

At other times,
officials of the DPR have blamed fuel tanker drivers who are members of
the National Union of Petroleum and Natural Gas Workers or private
depot operators. But the import of this blame game is that there is no
government agency actually working to safeguard Nigerians from killer
fuel.

And it isn’t as if this is a recent occurrence.

The Fire Disaster
Prevention and Safety Awareness Association of Nigeria, a
non-governmental organisation that has been working to secure some
relief for victims of kerosene explosions, said a study it conducted in
2002 showed that over 300 lives were lost during an earlier outbreak of
kerosene-related explosions in Edo State and other parts of the
South-South. Many of the victims of the earlier explosion are still
living with the agony and pains of the tragedy. Perhaps our nation has
shrugged off their predicament because most of them are poor and weak.
But, surely, these are the group of people most in need of government
support?

Although elected officials are currently caught up in a frenzy to
convince us to vote for them in April, they should not overlook the
fact that they still have a nation to run. Inability to ensure the
provision of safe kerosene to Nigerians may not seem like an issue
worth focusing on during campaigns. But how many votes can the
politicians hope to get if their supporters loose the all-too-crucial
fingers to fire from kerosene explosions?

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After the revolution

After the revolution

My column today
makes what I hope is a non-utopian argument for why social
conservatives are right to welcome the recent evidence that American
teens and 20-somethings are waiting somewhat longer to have sex. And it
pivots, in part, off this post from Dana Goldstein, in which she argues
1) that premarital sex has always been with us, 2) that even if people
are sleeping together more casually than they did generations ago, it’s
just because they’re marrying later, and 3) that anyway, there’s no
need for anyone to feel “anxious about 50-year macro social trends that
have brought about unprecedented gender equality and personal
fulfilment.”

I take up the
first two points in my column, arguing that it makes a huge difference
not only whether people have premarital sex, but how early and how
often and how casually, and that this is what social conservatives
think changed for the worse starting in the 1960s (and has changed for
the better, albeit on the margins, more recently). But I think it’s
worth saying something about the third question, because it’s crucial
to the debate over how we should think about the sexual revolution and
its consequences.

Did the social
trends of the last 50 years bring about “unprecedented gender
equality”? Absolutely. Did they bring about “unprecedented personal
fulfilment”? Well … for some people they did. But it’s very easy to
find indicators that paint a more complicated picture. Female happiness
has dropped since the 1970s, despite enormous female economic gains.
Marital happiness has dipped as well, even though fewer people get
married and it’s easier to leave an unhappy union. And then of course
there’s the impact of higher divorce rates on children’s psychological
well-being, the impact of rising single parenthood on child poverty,
and so forth.

The crucial
question, to my mind, is whether all of the social changes that swept
America in the 1960s and the 1970s are a package deal. Writers like
Goldstein seem convinced that everything goes together – that the
cultural shifts that have made our personal lives more unstable and
(possibly) less fulfilling are inextricably bound to the shifts that
made female equality a possibility, and then more or less a fact. Hence
their reflexive hostility to the idea that anything could have changed
for the worse in American sexual culture: To suggest that the general
welfare might be enhanced if teenage sexual activity were a little more
stigmatized or divorce a little harder to get, in their eyes, is to
implicitly suggest that women belong in kitchens and finishing schools,
rather than boardrooms and the Senate. It’s the slippery slope in
reverse: Many progressives and feminists have committed themselves to
an absolute defence of everything that changed during the sexual
revolution, out of a fear that one concession will cost women every
gain.

Needless to say, I don’t think this is the right way to look at it.
The connection between feminism and sexual permissiveness strikes me as
historically contingent rather than strictly necessary, and the
economic and social gains that women have made since the 1960s seem
robust enough to endure – or, more likely, continue apace – even amid a
reconsideration of some of the social changes that accompanied them.
Yes, an ethic of sexual restraint can be turned to patriarchal ends,
but so can an ethic of sexual permissiveness, as anyone who’s hung out
in a frat house for any length of time can attest. And the fact that
smart feminists like Goldstein feel compelled to act all blasé about
the pornography industry, lest they give an inch to the forces of
reaction, seems like one of the more regrettable aspects of the
contemporary cultural debate.

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Untitled

Untitled

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Ghana ends bid for Kosmos oil fields

Ghana ends bid for Kosmos oil fields

Ghana National
Petroleum Corporation (GNPC) has given up efforts to buy a stake in the
Jubilee oil field held by Kosmos Energy following the U.S firm’s
decision not to sell, its chairman said on Thursday.

While state-owned
GNPC’s move to end its interest in Kosmos was expected, it will be seen
as significant by investors concerned that the bitter wrangling over
the Kosmos stake was a sign of state interference in the ownership of
oil assets.

Kosmos, backed by
private equity firms Blackstone Group and Warburg Pincus , owns a 23.49
percent stake in the offshore oilfield, operated by Britain’s Tullow
Oil and holding at least 1.5 billion barrels of light crude.

Last August the
firm called off what sources close to the deal said was a $4 billion
pact to sell the stake to ExxonMobil after resistance from GNPC, which
later made a $5 billion joint bid with Chinese oil giant CNOOC.

However Kosmos has
subsequently said the asset is not for sale and announced plans to
raise up to $500 million via an initial public offering of its shares
in the United States.

“That chapter of
GNPC wanting to increase its stake is closed … Kosmos wants to do an
IPO and it is within their rights to do so,” GNPC chairman At Ahwoi
told a news conference.

“I don’t think we
can force them to sell to us at all cost if they don’t want to do so.
So as far as we’re concerned that ends the matter,” he said, adding
that Ghana would still be interested should Kosmos ever put its stake
on the market.

He said GNPC and CNOOC had been partnered in their bid by London-listed BP.

Ghana on Wednesday
lifted a first crude entitlement of 995,259 barrels from Jubilee,
estimated to fetch about $110 million dollars for the state treasury.
Pricing was based on a benchmark of around $110 dollars.

Ghana was fourth to
lift its entitlement after Tullow, Kosmos and Anadarko together lifted
about 3.7 million barrels. GNPC chief executive Nana Boakye Asafo-Adjei
said the first shipment was sold to Sun International, a subsidiary of
U.S.-based Sunoco Inc.

He said in addition to the crude entitlements, Ghana will also receive quarterly tax payments from the Jubilee partners.

Asafo-Adjei said
daily production from the Jubilee field will normalise at 120,000
barrels in June-July, from about 70,000 barrels currently.

Click to Read more Financial Stories

BRAND MATTERS: Consumer lifestyle and brand experience

BRAND MATTERS: Consumer lifestyle and brand experience

It is essential for brands to present attractive offerings that will add value to consumers’ experience.

The present market
realities have made brands adopt strategies aimed at engaging consumers
and also building brand loyalty. The lifestyle of the consumer should
be given utmost priority in service delivery.

Brand offerings
should be able to deliver creativity, excitement, and entertainment, as
it fosters physical and emotional connection with the brand. Today’s
consumers are dynamic and vibrant and they want a brand that can fit
into their lifestyle and give them worthwhile experiences.

In fact, consumers
now want to create the brand and own the brand. They want offerings
that meet their desired taste and the brand they can use as a means of
self expression. This supports the “MSP” i.e. Me Selling Proposition
standpoint, which places a renewed focus on the consumer.

This is perhaps the main rationale for DSTV Mobile’s offering of ultimate mobile TV entertainment for the consumer.

When DSTV Mobile
launched months back in the Nigerian market, it was readily accepted
because it represented entertainment, information, and value added
services to consumers. Hitherto, they watched DSTV in the comfort of
their homes, but with DSTV Mobile, television is in their hands. This
is one visible way to build brand loyalty and followership.

A unique selling
point was a free trial for the subscribers, which is key to creating
value. The strategic intention is to align with the needs of the
upwardly mobile and constantly on the go consumers who desire to have
fun and excitement as they move on in their pursuits.

DSTV Mobile is on
both MTN and Glo networks, making it easier for subscribers to have
first hand information and knowledge about happenings around them. This
is a vantage way to connect and build brand loyalty.

Brands remain
vibrant and relevant when they focus on key consumer segments; it has
become imperative to meet the expectations of today’s consumers with
ideas like DSTV Mobile. The consumer culture is rapidly changing and as
a result, brands should adopt strategies to remain relevant.

Brands should also
identify key gaps in the lives of their consumers and bridge these
through innovation and value service. Nigerian consumers have a passion
for football, including foreign football clubs, and this is one area in
which DSTV offers enormous benefits.

Through the mobile
television in their hands, and as long as they are connected to DSTV
Mobile, they cannot miss any of the exciting matches. DSTV Mobile makes
subscribers optimise the quality of their viewing time and also get
premium content and programming on their phones.

Consumers are
attracted to brands that simplify their lives. This is one thing that
DSTV Mobile has done so well. Subscribers will not only be loyal to
such brands, but will ultimately create a community of brand loyalists
by enlisting others to share the same experience. This makes the brand
stand out as one of the very few that matters in the marketplace.

Any brand that keys in to the lifestyle of consumers ultimately creates an enduring experience for them.

Click to Read more Financial Stories

Market rebounds after weeks of negativity

Market rebounds after weeks of negativity

The value of equities at the Nigerian Stock Exchange (NSE)
yesterday rebounded significantly after two weeks of negative performances.

The NSE market capitalisation of the 201 First-Tier equities
closed on Thursday at N8.125 trillion after opening the day at N8.059 trillion,
reflecting 0.82 per cent or N66 billion gains.

The market also gained N16 billion on Wednesday after the first
upturn in two weeks. Meanwhile, a total of N505 billion has been lost in the
last ten trading days.

The number of gainers at the close of trading session yesterday
closed higher at 37 stocks compared to the 24 recorded on Wednesday, while
losers also closed lower at 18 stocks as against the 42 recorded the previous
trading day.

Analysts at GTI Capital, a stock broking firm, said, “There
appears a likelihood of the free fall in the market indicators abating soon.
This is based on the fact that magnitude on percentage change in the market
index significantly waned on Tuesday,” adding that “another strong point in
support of this assertion is the attractiveness of most stocks in the market
which we believe will buoyed investment ecstasy soonest.”

Virginus Agada, a stockbroker at Eurocomm Securities Limited, a
stock broking firm, said the market may not see significant recovery this
quarter because of political risk, but will rebound after elections.

“With the level of progress in the political scene, I believe
the market will pick up after the election. You’ll notice that the market
recovered a little after major political parties picked their candidates.

“Although the political risk is currently hindering participants
from coming into the market, things should change after election. International
communities are also watching as events unfold,” Mr. Agada said.

Company report

In the meantime, GlaxoSmithKline Nigeria has notified the
Exchange that its board of directors has recommended to its shareholders a dividend
of 90 kobo per share and an additional one-off special dividend of 30 kobo per
share in commemoration of the company’s 40th anniversary.

The dividends are to be paid to members whose names appear on
the register of members at the close of business on Thursday, April 28.

The register of members and transfer of books of the company
will be closed from Friday, April 29 to Thursday, May 5; both days inclusive.

In a related development, Afromedia reported its first quarter
unaudited results for the period ended December 31, 2010 to the market.

On quarter-to-quarter analysis, the company’s turnover grew by
46.5 per cent from N661.67 million in similar period of 2009 to N969.41 million
but fell short of management forecast figure of N1.03 billion by 5.7 per cent.

Meanwhile, the company’s profit after tax dropped by 16.4 per
cent from N161.09 million in 2009 to N134.67 million.

Click to Read more Financial Stories

Shell nears deals for Nigeria oil blocks: sources

Shell nears deals for Nigeria oil blocks: sources

Royal Dutch Shell is close to completing the sale of its stake in four
Nigerian onshore oil blocks after receiving bids from several foreign and local
companies, industry sources close to the deals said.

Shell said last year it had received interest from a number of bidders for
the four blocks it owns along with partners Total <TOTF.PA, Eni and
state-oil firm NNPC as it looked to dispose of non-core Nigerian assets.

The Anglo-Dutch major has not revealed which blocks were for sale but
several industry sources have said negotiations are ongoing over blocks OML 30,
34, 40 and 42, which are all onshore developments in the Niger Delta with
sizeable proven reserves.

Some of these assets hold over 300 million barrels of proven oil reserves
and bids for the largest block have exceeded $1 billion, industry sources said.
Shell confirmed on Wednesday four blocks were still on offer but had no further
comment.

Shell has said it hopes indigenous companies would bid and analysts believe
local players, who are likely to be partnered by foreign oil companies or
independent investors, will have the best chance of securing the blocks.

Oil services firm Petrofac said this week its Nigerian partner Seven Energy
was bidding for one of the blocks, while local players Oando, Vertex Energy,
Niger Delta Ltd and Conoil are all involved in current bids, sources said.

None of these companies were available for comment.

Shell has more onshore oil reserves in Nigeria than any other foreign oil
company but it has also suffered some of the toughest challenges working in the
vast and volatile wetlands of the Niger Delta, the heart of Africa’s largest
energy industry.

Sabotage attacks on pipelines and oil platforms by militants who say they
are fighting for a fairer share of the wealth created in their back yard, have
cut out large chunks of Shell’s output in the past, some of which will never be
restored.

Communities in the Niger Delta blame Shell
for years of oil leaks, gas flaring and other side effects from an energy
business they benefit little from. Shell was forced to abandon its oilfields in
Ogoniland in 1993 due to protests over pollution and a lack of investment in
local infrastructure.

Shell has said it views Nigeria as a key part of its business and the sale
of these assets, which make up a small portion of its business in the country,
is not the beginning of a wider departure from Africa’s most populous nation.

REUTERS

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Williams hopes to play again soon after scary moment

Williams hopes to play again soon after scary moment

Serena Williams is receiving daily blood thinning injections to
get rid of the clots that are still in her lungs, the former world number one
revealed on Wednesday.

In her first public appearance since she underwent emergency
treatment at a Los Angeles hospital for a pulmonary embolism, Williams
described the experience as “the scariest moment in my life” but said she was
on the road to recovery and hoping to make comeback. “I had swelling in my leg
which is a tell tale sign of embolism and I could not breath,” Williams told
the Today show on Wednesday. “I remember thinking, I’m walking but I cannot
breathe, that forced me to the emergency room.”

Williams said she had no idea of how ill she really was until
doctors discovered the life-threatening clots during a CAT scan. “Mine went
from my leg to my lung. It travelled fast,” she said. “I still have several
clots in my lung and they are still there. They have to eventually dissolve.
I’m taking it a day at a time.” Williams has not played competitively since
winning last year’s Wimbledon championship in July. Shortly after the victory
she cut her foot on broken glass at a restaurant in Germany.

Possible return

The American has had two operations on her foot since then but
recently developed a haematoma, which she believes was caused by the
combination of her prolonged break and frequent flights. “Because I’m on blood
thinners and on the injections…I must have hit something,” she said.
“Usually, your blood naturally clots around it (but) since I was on blood
thinners it wasn’t able to clot. So what started as a golf ball ended up being
a grapefruit in my stomach.”

Williams has won 13 grand slam singles titles during her glittering career
but has slipped to 11th place on the world rankings during her extended
absence. The 29-year-old said she was recovering from the scare at her
Californian home but was confident of regaining full fitness and returning to
the courts later this year. “I’m feeling better every day,” she said. “Luckily
enough I was able to catch it soon enough that my career won’t be affected. I
love tennis and now, more than anything, I have so much to look forward to.”

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