LifeCard, Azizi partner to offer offshore investments for Nigeria

For Nigerians seeking a safe haven for their wealth, Dubai is emerging as a prime destination, offering dollar-denominated returns, zero taxes, and long-term residency opportunities through its Golden Visa scheme.

This was the focus at a cocktail reception in Lagos, where LifeCard Group and Azizi Developments are partnering to offer dollar-denominated offshore investments opportunities for Nigerians looking to diversify their investment portfolios by exploring Dubai’s property market.

‘Dubai has shown consistent economic strength, with its currency remaining stable for over 38 years. It’s an environment where investors can enjoy capital appreciation of over 10 percent, without the burden of tax, while securing long-term value for themselves and their families,’ Grace Ofure Ibhakhomu, CEO, LifeCard Group stated.

Ibhakhomu, who is also an African consultant on global real estate and a Harvard-trained investment strategist, urged wealthy Nigerians to diversify their assets and stressed that beyond strong financial returns, Dubai guarantees safety and investor protection.

‘Dubai is a safe haven for investors. The laws are clear, over 516 nationalities coexist peacefully, and the government ensures that investors are protected. Even countries in conflict still have their citizens living together in Dubai. That stability is why global names like Donald Trump are developing luxury towers there,’ Ibhakhomu stated.

She also revealed that with Azizi’s offerings, Nigerians could access properties at lower service charges, enjoy transparency in documentation, and qualify for the 10-year Golden Visa once their investment threshold hits $550,000.

Explaining the partnership choice, Ibhakhomu stated that Azizi Developments was selected for its credibility and investor-focused structure. ‘Azizi is an investor-driven company. They don’t just build and hand over properties; they manage rentals, resales, and ensure investors get their returns. That kind of structure builds trust.’

Audrey Joe-Ezigbo, co-founder and deputy managing director, Falcon Corporation, in a keynote address stated that real estate has the tool for building generational wealth.

‘When we look at our society, we see families destroyed by disputes over inherited properties. Many fall back into poverty. Globalization gives us a safer route, investing not just in naira, but in dollars, as a safeguard for the future,’ she said.

Saad Khaled, regional director, Azizi Developments, stated that the firm has delivered over 40 projects in Dubai since 2008, and it is keen to tap into Nigeria’s huge market.

‘Partnering with LifeCard helps us bring Nigerians into Dubai’s property market with confidence. Investing here secures their future, as they earn in dollars rather than in currencies that fluctuate.’

Ramos breaks Barcelona heart with late winner in PSG’s 2-1 comeback

Paris Saint-Germain (PSG) came from behind to snatch a dramatic 2-1 victory over Barcelona in their UEFA Champions League group stage clash at the Estadio Olímpico Lluís Companys.

Gonçalo Ramos struck in the 90th minute to complete the turnaround for Luis Enrique’s side, handing the Parisians a precious away win.

Barcelona had taken the lead in the 19th minute when Ferran Torres finished calmly after linking up with teenage star Lamine Yamal and Pedri. But PSG, despite being depleted by injuries, levelled before half-time through 18-year-old Senny Mayulu, who converted smartly to silence the home crowd.

The contest remained finely poised, with both sides showing flashes of quality in an entertaining duel between two of the competition’s heavyweights. As Barcelona pressed forward, PSG exploited their high defensive line late on, with Ramos racing clear to slot home the winner and break Catalan hearts.

‘After scoring the first goal, we got a confidence boost and in the second half we were better,’ said PSG coach Luis Enrique, who guided Barcelona to a treble in 2015. ‘I’m happy. because it’s an important victory and playing against Barcelona is always difficult.’

Barcelona midfielder Frenkie de Jong admitted the late defeat was tough to take.

‘If you let in a goal in the last minute and you lose at home, you’re going to be disappointed. There’s a long way to go in the Champions League. It was a good game to test where we are, we have to improve. We know that and we will do it.’

Coastal highway: CSOs, opposition leaders, experts commend Tinubu’s commitment to infrastructure

Civil society organisations, opposition party figures, and economic experts have applauded President Bola Ahmed Tinubu’s administration for the Lagos-Calabar Coastal Highway project, describing it as a landmark initiative capable of transforming Nigeria’s infrastructure and boosting economic growth.

The commendations came during a project inspection tour in Lagos, led by the Minister of Works, Senator David Umahi, where stakeholders noted the quality of execution and urged Nigerians to rise above political divides in supporting developmental projects.

Umahi disclosed that the first section of the 750-kilometre coastal highway-stretching from Ahmadu Bello Way, Victoria Island, to Eleko, Lagos-would be completed by May 2026. He said 35 kilometres had already been delivered, leaving 12 kilometres to finish the initial 47-kilometre segment. Work, he added, had also commenced on the second section from Eleko to Ode-Omi, Ogun State.

The minister highlighted the government’s efforts to save properties such as the Landmark Centre, clear refuse to a depth of 10 metres, and deploy concrete technology to ensure road durability. ‘Emerging economies like India have adopted concrete for enduring roads, and Nigeria must follow suit,’ he said.

Otunba Segun Showunmi, a chieftain of the Peoples Democratic Party (PDP) and convener of The Alternative, stressed the need for national consensus on development. ‘Beyond our political ideological differences, we need to, as a nation, breathe in and out to explore how to achieve consensus to develop our nation,’ he said. Drawing on global examples, he added: ‘When you look at countries like Singapore, India, and UAE, their achievements have come through building consensus for national development. A nation at 65 must be in a hurry to link its infrastructure to model after globally competitive economies.’

Olufemi Awoyemi, Chairman of Proshare Group, described the coastal highway as a ‘test case’ for financing large infrastructure projects. ‘This is an alternative, providing a primary route for cross-country connectivity, away from congestion, and a test case for big infrastructure projects and their financing,’ he said. According to him, the project has the potential to open new trade routes, ease transport bottlenecks, and stimulate investment in adjoining communities.

Leaders of more than 20 civil society organisations also joined the tour. Declan Ihekaire, one of the representatives, welcomed the government’s decision to involve stakeholders in monitoring the project. ‘We, as CSOs, must not condemn every time. When we see where they are getting it right, we should talk so that we encourage them. Ultimately, the beneficiaries of good initiatives are the people,’ he said.

Umahi also addressed concerns about properties allegedly affected by the highway. He assured that due process would be followed, promising investigations into issues around WinHomes and claims of $200 million in diaspora real estate investments. ‘We will involve the EFCC and DSS to investigate the matter alongside civil society organisations,’ he said, adding that the ministry would provide regular briefings to ensure transparency.

Beyond the coastal highway, Umahi outlined three other ‘legacy projects’ under Tinubu’s administration: the 477-kilometre Trans-Saharan Highway linking Calabar to the FCT, the 422-kilometre Akwanga-Jos-Bauchi-Gombe Expressway, and the 1,068-kilometre Sokoto-Badagry Superhighway. ‘Roads and bridges are the infrastructure that build the GDP of every nation,’ he said. ‘President Bola Ahmed Tinubu has this knowledge; he demonstrated it as Governor of Lagos State, which today is an economy within an economy.’

Stakeholders at the inspection agreed that Nigeria’s infrastructure challenges required collective action rather than political rivalry. ‘Consensus is the key,’ Showunmi reiterated.

The Lagos-Calabar Coastal Highway, projected at 750 kilometres, is one of the most ambitious road projects in Africa. With sections already underway and the first stretch due in 2026, the project has attracted rare bipartisan praise-suggesting that infrastructure could be the bridge for consensus in Nigeria’s divided political landscape.

Stanbic IBTC Holdings appoints Chukwuma Nwokocha as substantive group chief executive

Chukwuma (Chuma) Nwokocha has been appointed the substantive Group Chief Executive of Stanbic IBTC Holdings Plc with effect from October 2. The Board of Directors of the holding company said that Nwokocha’s appointment follows the receipt of all required regulatory approvals.

Nwokocha’s appointment follows the completion of Adekunle Adedeji’s tenure as acting Chief Executive, during which time the Board undertook a formal appointment process in accordance with regulatory requirements. Adedeji will continue in his role as Executive Director/Chief Finance and Value Management Officer of the Company.

Nwokocha is a seasoned banking executive and chartered accountant with over three decades of leadership experience across Africa.

He has held several Chief Executive and Board-level roles in leading financial institutions, including Chief Executive, Standard Bank, SA; (the Mozambican subsidiary of the Standard Bank Group), driving strategic growth, governance, and operational excellence. His expertise spans retail and corporate banking, as well as mergers and acquisitions.

Sola David-Borha, chairman, Stanbic IBTC Holdings Plc, while commenting on the developmen,t expressed the Board’s delight at Nwokocha’s appointment, highlighting his strong track record in board governance, financial oversight, strategic transformation, as well as regulatory engagement.

The Board is confident that Nwokocha’s leadership would be instrumental in driving the growth strategy of Stanbic IBTC Group into the future.

David-Borha also extended the Board’s deep appreciation to Adedeji for his exemplary leadership and dedication, and for steering the affairs of the Company and Group during the transition period.

‘It is worthy of mention that under Dr Adedeji’s leadership, the Group recorded its best financial performance since inception. The Group also successfully completed its Rights Issue Programme which ensured that its banking subsidiary met the Central Bank of Nigeria’s recapitalisation requirements ahead of the 31 March 2026 deadline,’ she said.

CORAN summit to chart new course for Africa’s oil refining, energy security

The Crude Oil Refiners Association of Nigeria (CORAN) has announced that the CORAN Summit 2025 will be held on October 6 and 7 at Eko Hotels and Suites, Victoria Island, Lagos.

With the theme ‘Refining: Key to Energy Security in Africa,’ the two-day event will bring together leaders from government, industry, finance and civil society to shape the future of Africa’s refining sector.

Despite being a leading crude oil producer, Africa remains heavily dependent on imported petroleum products. In Nigeria, more than 90 per cent of refined fuel had previously been imported, leaving the economy vulnerable to global shocks, depleting reserves and pushing up costs. The removal of fuel subsidies in 2023 further underscored the need to boost domestic refining capacity as households and businesses struggled with rising energy prices.

Organisers said with new conventional and modular refineries coming on stream, growing private investment and ongoing policy reforms, the time is ripe to reimagine Africa’s refining future.

The summit will feature keynote sessions, technical panels, advertisements and high-level networking. Deliberations will focus on investor-friendly policies, financing and de-risking strategies, cleaner and more innovative refining technologies, regional integration under the African Continental Free Trade Area (AfCFTA), as well as job creation in the refining and petrochemical sectors.

‘After decades of exporting crude and importing refined products at great cost, the time has come to refine more at home, create jobs, and secure Africa’s energy future,’ said CORAN President Momoh Oyarekhua.

He added: ‘The CORAN Summit 2025 is not just another meeting; it is a rallying point for action, partnerships, and policy direction to transform the refining landscape.’

According to CORAN, the gathering is expected to drive policy reforms, build stronger partnerships between government and private operators, promote global best practices, and position Nigeria as Africa’s refining hub, reducing dependence on imports and enhancing energy security across the continent.

CORAN, the umbrella body for licensed crude oil refining companies in Nigeria, stressed that the summit would mark a significant milestone in advancing sustainable refining, policy reform and private-sector-driven solutions to Africa’s energy challenges

African petroleum producers organise investment summit in push for energy sovereignty

Africa has made a bold declaration on the global stage: the continent will no longer wait for external approval to power its future. That was the resounding message from the inaugural Africa Energy Investment Summit (#AEInvest2025), held this week in New York alongside the United Nations General Assembly (UNGA).

The gathering, convened by the African Petroleum Producers’ Organisation (APPO), drew African energy ministers, global investors, financiers, and industry leaders with a central goal: to position Africa at the heart of the global energy transition.

‘Why New York and not Africa?’ asked Omar Farouk Ibrahim, APPO Secretary General, opening the summit. ‘Because UNGA brings all our leaders and investors together, making it the ideal platform to connect, engage, and unlock funding for Africa’s energy future.’

Ibrahim highlighted Africa’s energy paradox: vast reserves of oil, gas, and renewable resources on one hand, yet more than 600 million people living without access to electricity. He announced that the long-anticipated African Energy Bank – an institution designed to finance African-led energy projects – has officially been established.

‘Three years after we began the African Energy Bank initiative, I am proud to say it is now a legal entity,’ Ibrahim said. ‘Member countries have deposited equity, the charter has been signed and ratified, and we have raised enough capital to begin operations.’

Heineken Lokpobiri, minister of state for petroleum resources (oil), pointed to signs of renewed investor confidence in Africa’s energy sector. ‘Nigeria’s production rose from one million to 1.8 million barrels per day, and our goal is 2.5 million. American companies are already showing strong interest in investing in Nigerian oil blocks,’ he said.

Lokpobiri argued strongly for continued fossil fuel investment, insisting Africa must chart its own course in the energy transition. ‘Africa must not be deceived into abandoning fossil fuels while the West continues to expand production. Our hydrocarbons will finance our transition – not charity, not aid,’ he said.

Equatorial Guinea’s Minister of Hydrocarbon Mining Development, H.E. Antonio Oburu Ondo, speaking on behalf of Vice President Teodoro Nguema Obiang Mangue, underscored the urgency of reclaiming financial sovereignty. ‘Africa holds 40% of the world’s natural resource discoveries yet remains at the mercy of financiers in London, Paris, and New York,’ he said. ‘Energy finance is a question of sovereignty. We must build the African Energy Bank, mobilise our sovereign wealth and pension funds, and secure Africa’s rightful place as a global energy leader.’

James Shindi, CEO of Brevity Anderson, producers of #AEInvest2025, said the New York event marked just the beginning. ‘This is the first in a series and we will be back next year, even bigger and better,’ he said.

As the summit closed, one theme resonated from the halls of New York to capitals across Africa: the continent intends to take ownership of its energy destiny – on its own terms.

Dangote: The travails of the only rich man in a village (2)

I should not have bothered recounting all his Nigeria-centric engagements because Alhaji Aliko Dangote (AAD) has severally said so himself, but I do not want to be accused of plagiarism. Check out his speeches at the Guardian 2015 Man of the Year award, the Nigerian Economic Summit, the Katsina Economic and Investment Summit, the Nigerian-Kenyan business summit, when the VP visited his refinery and at the Corporate Council for Africa event. In all these, he declared his commitment to turning around and diversifying the economy, working hard to take the economy to the next level, building a refinery that is higher than the combined capacity of all refineries, a fertilizer capacity that is ten times more than what is available in Nigeria today, generate 12000MW, more than thrice what Nigeria currently generates and export refined oil rather than importing and creating Jobs elsewhere, list his refinery et al on the NSE and help NSE to outgrow Johannesburg Stock Exchange and how the rate of youth unemployment in Nigeria gives him sleepless Nights(a statement even our PMB has not made), assuring that Nigeria( and Africa) would soon become the world’s food basket. AAD has said and continues to say the right and heartwarming things. Unfortunately, however, these are the kinds of statements that should emanate from Kemi Adeosun, Godwin Emefiele, Udo Udoma, whoever is the chairman of the EMT, and, in sane climes, from the president himself.

‘Furthermore, given the strategic importance of AAD to the fate and fortunes of Nigeria, shouldn’t the government purchase a key-man insurance cover on the man?’

So, like the only rich man in the village, AAD has taken on all the responsibilities. Already other villagers are grumbling: The Ogun State governor complains that Dangote trucks destroy the roads; Ndigbo say the only Dangote investments in Ala-Igbo are deaths and traffic jams caused by his reckless drivers and his trucks; the FCT in 2016 rejected his Salah gifts; some people complain that he cornered an unfair share of our forex, enjoys great tax waivers, is becoming monopolistic and is muscling out other players, citing his spat with Otedola, Ibeto and BUA. Our only luck so far is that Dangote does not overtly throw his weight about.

If he were to behave as some of his drivers..

The Federal Government, on the other hand, is lying low and idling around as AAD undertakes his numerous responsibilities, being his greatest cheerleader and praying that AAD lives long to solve all our socio-economic problems (as PMB did on his 60th BD). Shamefully, rather than do SOMETHING about our pitiable petroleum situation, Ibe Kachikwu publicly begged AAD to finish his refinery ahead of schedule because the government’s promise to end fuel importation in 2019 was based on the refinery! Just imagine that: the government makes a promise to Nigerians and depends on AAD to fulfil the promise! Even Oxfam recently urged AAD and 4 others to use their wealth to end poverty in Nigeria.

The government, representing the Nigerian village, enjoys the positive externalities from the big man without thinking, ‘What if!’ What if AAD wobbles or goes to bed and does not wake up early enough? What if a strategic shift occurs in the organisation or if future Dangotarians are not as cool-headed and Nigeria-centric as AAD? The other day, AAD closed his $20m tomato factory and his Tanzanian $500m cement factory, which cost $4m to power monthly. The health of the Nigerian stock market depends on whether the prices of AAD stocks are rising or falling. What has the government done to create other AADs? Where are the other big men in Nigeria, including those whose kids party across the globe regularly? Why can’t they stand up and be counted? What is the Economic Management Team doing if AAD addresses the challenges of unemployment, diversification, food security, forex conservation, power generation and road construction? Should we not outsource economic governance to him while the presidency manages politics and revenue sharing and makes excuses for the foreign herdsmen? Or more charitably, why not send Osinbajo and the EMT on sabbatical to AAD?. Furthermore, given the strategic importance of AAD to the fate and fortunes of Nigeria, shouldn’t the government purchase a key-man insurance cover on the man?

Meanwhile, I urgently need a Dangote sticker for my rickety car. Travelling from Lagos to the East has suddenly become herculean, and I strongly believe that a Dangote sticker will clear the way for the son of man. As I was concluding this piece, I received the news that a townsman, Law Onyemelukwe of Lafenax Ltd, was named the overall best customer of Dangote Cement for 2017! So, I am vicariously among those enjoying the AAD Effect; at least I can brag: my townsman is AAD’s best customer! That may even get me through the police, customs, FRSC, civil defence and other unclassified checkpoints when next I travel along the Lagos-Onitsha route. But I will also petition the Federal Character Commission to investigate the 2017 AAD awards: the names of the top prize winners (Onyemelukwe, Okika and Ezenyili) did not reflect federal character!

UNGA80: Kano governor secures school feeding, health support, new investments

Kano State Governor, Alhaji Abba Kabir Yusuf, has announced new opportunities in school feeding, healthcare, and foreign investments for the state following Kano’s participation at the 80th Session of the United Nations General Assembly (UNGA80) High-Level Week in New York.

The governor, who was represented at the event by the Emir of Kano, His Highness Khalifah Muhammad Sanusi II, and the Director-General of the Kano State Investment Promotion Agency (Kan-Invest), Muhammad Naziru Halliru, said the engagements created fresh avenues that will boost human development and economic growth across Kano.

One of the major outcomes was the discussion on school feeding programmes. Emir Sanusi met with Kenyan entrepreneur and founder of Food4Education, Wawira Njiru, to explore collaboration aimed at expanding school feeding in Kano. The talks also involved the possibility of accessing African Development Bank funds already earmarked for African school feeding initiatives. Governor Yusuf explained that such a move was vital in tackling malnutrition among pupils, keeping children in school, and raising academic performance. He stressed that investing in children’s nutrition was an investment in Kano’s future, since well-fed children are more likely to stay focused in class and become productive citizens.

The delegation also highlighted Kano’s healthcare needs and reforms during engagements with global stakeholders. At the Bill and Melinda Gates Foundation Goalkeepers Event, the team presented Kano’s challenges in maternal health, immunisation, and access to primary healthcare. Governor Yusuf emphasised that forging global partnerships in the health sector was crucial to addressing service delivery gaps, especially in rural communities. He explained that the administration was already working to expand health facilities, ensure steady drug supply, and recruit more healthcare professionals to meet the growing needs of the people.

On the economic front, Kano showcased its vast investment opportunities at the Global Compact: Unstoppable Africa and the Cavista Holdings/Corporate Council on Africa Summit. The state presented itself as a potential hub for global investors by stressing its market size, agricultural resources, and skilled workforce. Yusuf revealed that the state government would soon unveil a five-year multi-sectoral investment strategic plan that would serve as a roadmap for attracting foreign direct investment, expanding job opportunities, and increasing internally generated revenue. He declared that Kano, being Nigeria’s most populous state, was positioning itself as the leading investment hub not just in Northern Nigeria but in the entire country.

The governor commended Emir Sanusi for representing Kano with distinction at UNGA80. He said the emir’s international recognition, experience in economic matters, and global contacts gave the state an advantage during its engagements. Sanusi, a former governor of the Central Bank of Nigeria and a respected voice on financial inclusion, was well received at the various side events, where he reinforced Kano’s commitment to reforms and global cooperation. Yusuf described the emir as a strong ambassador for the state whose presence elevated the quality of the conversations held with international partners.

According to the governor, Kano’s participation in UNGA80 is in line with his administration’s broader vision of linking the state to global networks of development, investment, and innovation. He maintained that Kano could not rely solely on internal resources to meet its pressing challenges in education, healthcare, and the economy. Instead, it must embrace global partnerships that can provide funding, technical expertise, and new ideas. He noted that the results of these efforts were already showing in the interest expressed by international partners and organisations that engaged with the Kano delegation.

Observers believe Kano’s involvement at UNGA80 could prove to be a turning point if the discussions lead to concrete outcomes. The possible partnership with Food4Education, for example, could have a major impact on thousands of children in public schools by improving access to meals and encouraging attendance. Similarly, the state’s pitch at international investment summits may attract new industries that would create jobs, stimulate commerce, and reduce poverty.

Yusuf assured the people of Kano that his administration would not allow the outcomes of UNGA80 to end as mere conference appearances. He pledged that all commitments made in New York would be followed up and converted into tangible results for the benefit of the state. He added that his government was not interested in attending global meetings for photo opportunities but was determined to bring back solutions, partnerships, and investments that would directly improve lives.

It takes timeless vision, strong ambition to build long-lasting brands – Cadbury Marketing Lead

Morolake Emokpaire is the Marketing Lead of Cadbury Nigeria Plc. Morolake, who assumed office in 2021 and loves, lives, and breathes marketing, is taking the 60-year-old resilient Cadbury Nigeria to greater heights. In this interview, Morolake, whose principle is to grow the next generation of marketing leaders, said her purpose is to create brands that are timeless and bigger. Daniel Obi brings the excerpts.

Cadbury Nigeria recently clocked 60 years; kindly take us through this milestone from a brand perspective.

Hearing the word ’60’ literally gives me joy because it speaks to so many things. It speaks to stability and resilience. A 60-year-old man or woman in our culture has entered the League of Elders. They are also the custodian of culture and a custodian of wisdom and tradition.

For us at Cadbury Nigeria Plc, it is beyond just the group of brands. We have been a part of Nigerian families across generations. Our brands hold stories. I have heard consumers tell me that the first time they encountered a TomTom brand was from their grandmother’s handbag.

Just last month, I met a lady who mentioned to me that Cadbury Nigeria actually supported her through school, through a corporate social responsibility (CSR) programme in the 80s, when students of indigent parents were supported with our products’ lunch packs.

‘Your SWOT analysis helps you identify key things to do over the next three to five years. You then build strong plans that you constantly review or track to see where you have shifted. You execute and you track, and then you put control measures in place to check.’

Today, those students are mums, and they hold those memories about our brands.

Another thing that is very critical to point out is the fact that our journey is also synonymous with trust. Wherever you see the Cadbury logo, you know you can trust the brand. When you also hear the word ‘Cadbury’, the first word that comes to mind is ‘legacy’. The legacy of snacks that are here to delight you and beverages that sustain you during the morning – and we have seen this across products, across brands and across people.

I hear some people say that Cadbury Nigeria, and especially its Bournvita brand, are considered elitist brands. Do you agree?

In brand-building, we tend to be aspirational. Aspirational in the sense that we give consumers something to look up to, but we are also quite accessible. This year, we were in the Southeastern states for the August Women’s Forum, going into the grassroots to give the women a taste of the product, rejoicing with them, and sitting as they deliberated on the future of their communities. So, I don’t agree with the word ‘elitist’. We reflect what we aspire to be. Maintaining accessibility is critical through our consumer engagements. During holidays, we partner with mums to keep their children active through Bournvita Tech Boot Camp. Also, there is a size of Bournvita for every pocket.

Do you worry about competition in the Nigerian market?

It is not about worrying about competition, but if you do not get competition, you will fall into the trap of complacency. I wouldn’t use the word ‘worry’ as much as our competition reminds us of the challenges that we still need to surmount or overcome. But we are quite confident in our strengths across the brands. We are confident in the support we have from our investors and our parent company, which is Mondelez International.

We are also quite confident in the legacies that our brands have left and the handholding that is going across one generation to another. As we are relevant to the Baby Boomers, we have solid programmes and initiatives with the Millennials.

You would see some of our brands reaching out to the Gen Zers. We have products that are also reaching out to the Alphas. That is where our strength lies-the ability to stay relevant to whatever generation of Nigerians, and even West Africans-and that is where we draw a lot of our confidence from as well.

What has kept TomTom so enduring and lasting for over 50 years in the Nigerian market?

It is basically an inspirational essence. TomTom leverages its ability to inspire Nigerians to breathe better. For instance, if you had to sing, you would need TomTom to clear your throat and to refresh your breath. It does not stop there; the functionality of breathing is rational.

When you tell people to breathe, it is asking them to push through their challenges. We are asking them to take a pause and take a deep breath. When you are faced with challenges, when you are faced with tension, you need to breathe, have confidence, refocus and then go ahead to take on that challenge again. We have partnered with you to breathe and to inspire you.

As CMO of a multinational organisation, what does it take to build a lasting brand?

It starts with a timeless vision. A strong ambition that is even larger than the brand itself. For instance, TomTom’s purpose is to inspire Nigerians to breathe better. It looks like just simple words, but it literally guides everything we do on the brand. Brand-building has critical touch points-analysing the market, the competition, and your SWOT analysis. Your SWOT analysis helps you identify key things to do over the next three to five years. You then build strong plans that you constantly review or track to see where you have shifted. You execute and you track, and then you put control measures in place to check.

The brand vision itself has to be timeless. It guides the pillars of building an ideal product mix, from your product formulation to your pricing, to the distribution, to communication, and across the critical parts of building strategy up until execution. But you must start with a compelling vision.

Government agencies are coming up with policies that affect marketing. To what extent have some policies influenced the market-based strategy of companies?

We appreciate our regulators. They help ensure sanity within the system, but not without some discomforts. For instance, taxation directly affects a lot of our strategies and our budgets.

You would see that over the past couple of years, the price of packaged goods has been on the rise because organisations are in business to make profits. A lot of pressures eventually get passed down to the consumers. You have seen some multinationals exit the country in the last five years. For those of us who remain committed, we are under pressure to continue to do it sustainably. High taxation also limits the amount we can spend to excite and delight the consumers.

There is increasing scrutiny on nutrition communication as well, involving sugar content and other ingredients. With that, it forces us to be more discriminatory in how we build our products.

A lot of our ingredients are quite expensive. Sometimes, we have to take the hits on our margins, which then affects what we are also able to do. We are looking forward to continued collaboration with our regulatory bodies and partners to see how many of these initiatives could be done in transition, or if there could also be relief.

There is a policy against foreign models in Nigerian brand communication. Do you see that as punitive?

I am very passionate about Africa. I think that a united Africa and an empowered Africa position us to be a global force. I am passionate about using our brands to showcase our culture, using our brands to showcase our people, and using our brands to tell the story of Nigeria and Africa to the world. We use local models to drive our brand communication.

Many brands are adopting influencers in marketing. What role does influencer marketing play in shifting perception about brands and driving sales?

They do create a halo effect or positive association with the brands. But I must also call out the need to exercise caution in the identification and the deployment of influencers because a couple of them have gone awry. When choosing influencers for us in Mondelez, the first thing that we look for is the brand fit. The ability of that influencer to embody the ambition of the brand and to humanise the brand.

When we are looking for an influencer, we ask ourselves: if TomTom were a human being, would this individual fit? Is this individual able to humanise the brand? The second question is also looking at the ethical considerations or the ethical influence of that influencer.

For each of our brands, when we break out our brand story, we look for individuals who can help us tell that story vividly and reach their own follower base.

Would you consider AI adoption in marketing as a disruption or an opportunity?

It is an opportunity because most successful brands today will need to understand how to leverage AI and traditional marketing to have the ability to blend. AI enables us to deliver hyper-personalisation. We can deliver tailored content to scale. The algorithm helps us to learn user behaviour and understand preferences at a rapid rate. What traditional marketing helps do is to deliver that warmth and the understanding and the context of culture that AI cannot replicate.

The government has come up with a ‘Nigeria First policy’. How would that help in driving local consumption and help Cadbury Nigeria?

One of the things Mondelez is committed to is that we say ‘local first’ but not ‘local only’. In terms of our strategy and product direction and innovation, it is always local first. In terms of content, a lot of flexibility has been given to generate campaigns of content based on local insight. So, localisation is a big deal for Cadbury Nigeria.

Hojlund double fires Napoli to first Champions League win against Sporting

Napoli earned their first points in this season’s Champions League with a hard-fought 2-1 victory over Sporting Lisbon in Naples, thanks to a brace from Rasmus Hojlund and two assists from Kevin De Bruyne.

The Denmark striker struck in each half to give the Serie A champions a vital win in front of a relieved Stadio Diego Armando Maradona crowd.

Both goals came from De Bruyne’s precision passes, denying Sporting, who had drawn level in the 62nd minute through a Luis Suarez penalty.

‘It was a tough start to this campaign in the Champions League. we showed our character today and played really well against the Portuguese champions,’ said Hojlund after the match.

‘Kevin is a legend of football. He has so much quality that every time he has the ball all I have to do is find space, and I know he’ll find me.’

De Bruyne’s performance was especially encouraging for Napoli fans after recent tension with coach Antonio Conte.

The Belgian midfielder had reacted angrily to being substituted during Sunday’s 2-1 defeat at AC Milan, but he dismissed any rift with Conte.

‘There was never any problem. I’m a winner, and I want to play and make a difference. Everything has been said,’ De Bruyne told Sky. ‘There isn’t any problem, neither with the team nor the boss. I want to play football and enjoy it and move on.’

Napoli’s opener came in the 36th minute when De Bruyne slipped a perfect ball to Hojlund, who finished coolly past Rui Silva.

Sporting equalised when Suarez converted from the spot, but De Bruyne again made the difference 11 minutes from time, curling in a teasing cross that Hojlund nodded home for the winner.