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Pearl Awards Holds 15th Year Editio
The 2010 edition of the prestigious PEARL Awards, a celebration of outstanding quoted companies in Nigeria is scheduled to hold on Sunday November 28, 2010 at the Grand Ball Room of the prestigious Lagos Oriental Hotel, Victoria Island, Lagos.
Mr. Tayo Orekoya, President PEARL Awards Project at a press briefing to announce the Awards said the PEARL Awards rewards Performance, Earnings and Returns Leadership by companies quoted on the Nigerian Stock Exchange.
He stated that the uniqueness of the Awards, endorsed in 2003 by the apex Capital Market regulatory authority, Securities & Exchange Commission, is underscored by its defined criteria and methodology. “The Awards process is based on verifiable facts and figures assessed utilizing credible parameters and tools of data evaluation,” he said.
He indicated that the 2010 Awards is the 15th year edition of the nationally acclaimed PEARL awards, having been instituted in 1995, with the maiden edition held on 27 May, 1995. Widely acknowledged by capital market stakeholders including quoted companies, stockbrokers, Shareholders Associations, among others, for its objectivity over the years, the Award process would reward outstanding quoted companies based on actual performance in the 2009 financial year, for this year’s Awards.
The 2010 Awards Nite, being a special 15th year edition, according to Orekoya promises to be much more glamorous than previous years’ editions. The event is being packaged to be a night of excellence and glamour, where corporate chieftains and captains of commerce and industry will savour the joy of excellent operational and stock trading performance after a turbulent economic period.
It would also, as in past years, provide a forum for quoted companies to be recognized and rewarded for the results of the various measures adopted in the wake of the stock market volatility during the previous financial year, to be on the winning edge. In spite of the vagaries of economy and the capital market, a number of companies that strategically outperformed others must be recognized and celebrated, Orekoya stated.
He reiterated that the institution of the Performance, Earnings And Returns Leadership (PEARL) Awards 15 years ago followed the long overdue need to recognize and reward deserving quoted companies for outstanding performance.
He stated further that this year’s Awards, like previous ones will be determined utilizing ten operational and stock performance indices namely Turnover Growth; Return on Equity; Earnings Yield; Share Price Appreciation; Stock Activity; Dividend Cover; Dividend Yield; Net Asset Per Share; Dividend Growth and Profit Margin Ratio.
He noted that for the 2010 edition, the PEARL Awards would be in three main competitive categories namely the Sectoral Leadership Awards, which rewards a company for out-performing other companies within the same sector, based on aggregate points garnered from all the ten indices utilized for ranking.
The Market Excellence Awards category, in recognition of entire market leadership in respect of each of the ranking indices while the third category is the Overall Highest Award category – The PEARL of the Nigerian Stock Market.
A fourth category for Special Honourary Awards, introduced in the year 2000 to reward and honour individuals and media institutions that contribute remarkably to Capital Market development in Nigeria, would also feature in this year’s Awards. Notable past recipient of Awards in this category of Awards include Mr. Gamaliel Onosode, Dr. Suleyman Ndanusa, Dr. Christopher Kolade, Late Asiwaju Akintunde Asalu, Dr. Umar Faruk, Mr. Wole Adetunji and Sir Sunny Nwosu.
Also under this honorary category is the PEARL outstanding CEO of the year Award won by the following, among others – Mr. Jim Ovia, former Managing Director/CEO, Zenith Bank Plc. and Mr. Jacob M. Ajekigbe, former MD/CEO, First Bank Plc in the 2007 edition.
Orekoya also stated that the PEARL Awards Project in charting a new course has appointed frontline professionals into its Board of Governors to provide policy direction for the Awards Project. These personalities include Alhaji U. F. Abdullahi, Chief Alex Akinyele, Prof Herbert Orji, Alhaji Ahmad Rabiu, Mrs. Eniola Fadayomi, Mr. Wole Adetunji, Mrs. Funmi Babington-Ashaye, Dr. Biodun Adedipe, Mrs. Lola Oyebadejo, Dr. Faruk Umar, Mazi Unegbu.
According to Orekoya, the PEARL Awards identifies with the changes being initiated by the current leadership of the Securities and Exchange Commission, particularly as it relates to the Nigerian Stock Exchange. He posited that some of these changes were indeed overdue.
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Ina Alogwu Joins 9mobile as Chief Digital and Innovation Officer
9mobile has appointed Ina Alogwu as its new Chief Digital and Innovation Officer (CDIO), marking another significant step in the company’s business transformation agenda.
In his new role, Alogwu will be responsible for guiding the development and execution of 9mobile’s long-term strategy across the entire digital and technology ecosystem, including new technologies, digital platforms, and business models while nurturing a culture of innovation within the organization.
His appointment demonstrates 9mobile’s firm commitment to driving digital transformation and enhancing its innovative capabilities to better serve customers and stay ahead of market trends.
Alogwu is a visionary leader and seasoned strategist with nearly two decades of transformative experience in digital commerce, mobile payments, and technology ecosystems, making him an invaluable addition to 9mobile’s leadership team.
He has a proven ability to identify emerging trends and harness them to develop and execute groundbreaking digital products and strategies. His expertise spans product innovation, data strategy implementation, and agile business transformations, all of which have delivered significant and sustainable results across diverse industries and regions.
He joins 9mobile from ARM Holding Company, Nigeria, where he was the Group Director, Digital Transformation and spearheaded innovation initiatives, implemented a robust data strategy, and managed venture-building programmes that supported numerous African tech startups.
His very distinguished and diverse professional journey also includes an impactful tenure at Interswitch Limited, where he held roles such as Group Head, Verve Digital, and Group Head, Payment Processing. In these roles, he led the creation of groundbreaking payment platforms and digital solutions across West and East Africa.
Earlier in his career, Alogwu held roles at the Economic and Financial Crimes Commission (EFCC) as a Training Specialist and worked at Integrated Business Strategies as a Business Analyst.
Speaking about the appointment, 9mobile CEO Obafemi Banigbe expressed confidence in Alogwu’s ability to lead the company’s innovation efforts, saying, “Alogwu’s broad professional background makes him the perfect fit for our innovative and business transformation journey as he joins a team of recently appointed senior business leaders to drive this process and the next phase of our growth.
“His role is crucial for navigating today’s fast-paced digital environment. And he has been entrusted to lead the charge in harnessing new technologies, driving digital transformation, and ensuring the company remains adaptable to change, which is integral to fostering innovation and positioning 9mobile as a forward-thinking leader in its industry.”
The New CDIO said, “I’m delighted to join 9mobile and collaborate with the CEO and the leadership team on the innovative initiatives already in progress.
As we navigate the rapidly evolving digital landscape, I’m eager to leverage my expertise in digital strategy, technology, and innovation to drive 9mobile’s mission to deliver exceptional customer experiences and achieve our strategic objectives.”
Alogwu’s academic credentials further underline his readiness for this role. He holds an Executive Master’s in Digital Transformation and Innovation Leadership from IE Business School, Madrid, and a Postgraduate Diploma in Digital Business from Emeritus Institute, in collaboration with MIT and Columbia Business School.
He also completed the Senior Management Program at Lagos Business School, Pan-Atlantic University, and earned a BSc. in Geology & Mining from the University of Jos, Nigeria.
His education is further enriched by certifications in Product Management, Lean Six Sigma, and Strategic Innovation, equipping him with a robust foundation to drive innovation, lead digital transformation, and achieve business excellence in competitive landscapes.
His ability to combine academic knowledge with practical expertise has positioned him as a trailblazer in the digital commerce and technology sectors.
Beyond his technical expertise, Alogwu is adept at cultivating and managing strategic relationships with global multilateral organizations and financial institutions, leveraging these partnerships to unlock profitable opportunities. He has consistently demonstrated excellence in leading multicultural teams and navigating complex, multi-stakeholder environments to deliver transformative outcomes.
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NAICOM Signs Agreement with NDPC on Data Protection in Insurance Sector
The National Insurance Commission (NAICOM), has signed agreement with the Nigerian Data Protection Commission (NDPC) with the aim of enhancing data protection within the insurance sector.
According to NAICOM, the Memorandum of Understanding (MoU) has as its objectives training and capacity building in the area of providing training to enhance awareness and skills in data protection, establishing privacy clinics by setting up specialised clinics to address data protection concerns and provide guidance.
NAICOM said other objectives of the agreement include conducting compliance activities, regularly monitoring and enforcing compliance with data protection regulations, promoting awareness in the area of educating insurance companies on the importance of data protection and the benefits of adhering to best practices.
Developing data protection guidelines through creation of specialized guidelines for insurance institutions to ensure they are equipped to handle data protection responsibilities effectively.
NAICOM said the collaboration marked a significant milestone in safeguarding the personal data of insurance policyholders and promoting trust in the insurance sector.
The commission said to ensure the effective implementation of the agreement, an implementation committee would be established. The committee, the commission said, would comprise of representatives from the two agencies, as well as other key industry associations, including the Nigerian Insurers Association (NIA) and the Nigerian Council of Registered Insurance Brokers (NCRIB).
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5 Benefits of MTN Mobile Ads for your Business
Businesses worldwide are increasingly embracing mobile advertising services, allowing them to connect with potential customers directly on their smartphones and engage with them more effectively.
This trend is rapidly gaining momentum, and companies in Nigeria are also taking part in this shift.
Every day, more Nigerian businesses are seeking the most efficient strategies to reach their target audiences and convert them into loyal customers.
MTN Nigeria is redefining digital advertisement with MTN Mobile Ads. With a rich customer base of 79.5 million subscribers in Nigeria, MTN Mobile Ads continues to help businesses reach millions of customers nationwide.
Here are five reasons you should use MTN Mobile Ads for your business advertisements:
Targeted marketing
MTN Mobile Ads uses first party data to enable specific targeting of audience based on behaviour, interests and demographic. This ensures that your marketing efforts are directed toward the most relevant audiences, thereby increasing engagement and conversion.
Data-Driven Insights:
Businesses can gain valuable insights from their advertising campaigns, allowing them to fine-tune their strategies for maximum impact. This data-driven approach helps in optimizing campaigns based on real user behaviour and preferences
Diverse advertising formats
This service supports several advertising formats including targeted SMS, marketplace listing on the MyMTN app, display banners, and Rich messaging services (RCS) across both mobile and web platforms. This versatility allows your business to customize your marketing strategy to suit different audience preferences and increase engagement opportunities.
Data-free solutions
MTN Mobile Advertising provides data-free solutions. That means users can view your Ads with or without data. This feature significantly increases engagement rate as it allows your business connect with customers who may have been avoiding ads to save their data.
Cost-effective
With MTN Mobile Ads, you can choose an advertising plan that suits your budget. This flexibility allows businesses to enjoy the benefits of advertising without overspending.
As competition in businesses increase, the need to make advertising a crucial part of your marketing strategy cannot be over-emphasized.
MTN’s Mobile advertising services are the most result-oriented strategy your business should engage in so you can have the same opportunities your competitors may have.
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