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Nigeria B2B Links

NEWS UPDATE (Thurs. 08.08.19)

michael okonma

PZ CUSSIONS RELAUNCHES PREMIER COOL SOAP

Premier Cool, one of the leading personal care brands manufactured by PZ Cussons has relaunched the brand.
With an innovation process driven by consumer research, reflecting consumers’ lifestyle attributes and desire for attractive and effective offerings, Premier Cool soap is now relaunched in a new range of alternates such as Odour Defence, Ultimate and Sport. Furthermore, as opposed to its previous promise of 24 Hours Freshness, Premier Cool soap now promises ‘25Hr Freshness’ with the signature icy-cool feel.
Speaking during the relaunch event, Group Brand Activation Manager, Personal Care, PZ Cussons, Charity Ilevbare-Adeniji said:
“This is an exciting time for Premier Cool as we continue to evolve and improve to meet and satisfy the needs of our consumers.
Premier Cool is one of the leading brands in its category and has continued to evolve over the years. This relaunch is in continuation of that tradition and also in line with the brand’s strategy to differentiate itself in the market and also sustain its drive to maintain its position as one of the leading soap brands in Nigeria,” she said.
Also speaking at the event the Brand and Activation Manager, Premier, Eniola Ogunlade, expressed excitement and enthusiasm as regards the initiative to relaunch the brand.

KEYSTONE BANK RESTRATEGISES TO DRIVE GROWTH

Keystone Bank Limited has appointed athree executive directors as members of its board of directors as part of a strategy to realign its operations for sustained business growth.
The new directors who were appointed at the 49th annual general meeting (AGM) of the bank in Lagos, subject to the approval of the Central Bank of Nigeria (CBN), are Messrs Tijani Aliyu, Olaniran Olayinka and Lawal Jibrin Ahmed.
Its Chairman, Alhaji Umaru Modibbo said the promotion of the three former general managers to the position of executive directors is in line with the bank’s corporate governance and culture of maximising its human capital through consistent leadership development and training.
‘’Since we restructured, we have intentionally and proactively nurtured our talents in readiness for future leadership opportunities that will arise in the organisation. It is, therefore, a major feat for us that we were able to appoint the three new executive directors from our internally groomed executives,’’ Modibbo said.
Its Divisional Head, Marketing & Corporate Communications, Omobolanle Osotule, said the appointment of the directors was in line with the strategic business intent and corporate realignment of the bank to sustain continued business growth.
She added that the new executive directors would now join the executive management office to pursue and deliver on the bank’s strategic business objectives bringing to bear their in-depth wealth of banking experience garnered over the years across various sectors of the economy.

OIL PRICES SLIDE IN SURPRISE CRUDE BUILD

The Energy Information Administration (EIA) reported a 2.4-million-barrel build in crude oil inventories for the week to August 2, shattering expectations of another sizeable draw.
Brent crude traded at $57.39 a barrel and West Texas Intermediate changed hands for $52.00 a barrel, yesterday.
Both benchmarks were down from Tuesday’s close by over two per cent.
Analysts had expected a draw of 3.13 million barrels after last week the authority reported a hefty 8.5-million-barrel decline in inventories that sent West Texas Intermediate soaring.
The American Petroleum Institute (API) reported on Wednesday another weekly decline in oil inventories, of 3.4 million barrels, but this time the figure failed to impress. With EIA rejecting it, chances are the slide in oil prices will now accelerate.
The EIA’s figures are also unlikely to reverse the drop in oil prices, which started this week with the spike in now chronic trade tensions between the United States and China, with Washington accusing Beijing of manipulating its currency to its advantage, after the yuan dropped on Monday to the lowest against the greenback in more than 10 years.
The EIA also reported an increase in gasoline inventories, which will not help prices, either. After a 1.8-million-barrel decline for the week to July 26, last week these added 4.4 million barrels. Gasoline production averaged 10.4 million bpd, a modest increase from last week’s average daily production rate.
In distillate fuels, the EIA reported an inventory build of 1.5 million barrels, which compared with a decline of 900,000 barrels for the previous week. Distillate fuel production averaged 5.3 million bpd, compared with 5.2 million bpd a week earlier.
With the U.S.-China tensions stoking fears about oil demand and economic growth on a global scale, it’s hardly any wonder prices are falling despite the strongly bullish factor that is the Middle East and specifically Iran.

WHY PHONE BRAND DIE, BY OPPO

Technology firm, OPPO on Wednesday assured that it was in the country to do business and support the Federal Government initiatives at growing the economy.
Its Marketing Manager, Mrs Nengi Akinola who spoke on the sidelines of the unveiling of new smartphones, OPPO A1k and A5s, said the firm did not rush into the market but conducted extensive research into the needs of Nigerians, adding that all the devices from the stable of the firm were produced after an extensive research into the needs of the local market.
According Mrs Akinola, the mobile brands that rushed into the market fizzled out no sooner had they come because they failed to carry out diligent study of the market.
She said OPPO which is currently on the fifth slot in global mobile phone ranking, has been operating in about 40 countries, including North Africa, will continue to grow the business in the country.
Speaking on the devices, she said it boasts of a 32GB ROM and long battery life and features this year’s most popular waterdrop screen, as well as a stylish metallic texture back cover. With a robust 4000mAh battery, it leverages AI algorithm optimisation to reduce power consumption, delivering long battery life.
According to her, it also employs APCF material on the screen, stressing that under the same power dissipation level, the screen gets higher brightness, allowing user to see more clearly while lowering power consumption.
“Thanks to AI algorithm optimisation, its MTK6762 CPU enables several applications to run seamlessly at the same time, effectively eliminating freezing and serving multiple user scenarios while reducing power consumption. All in all, A1k supports up to 17 hours of daily usage, delivering exceptional long battery life,” Mrs Akinola said.
She added that with a 6.1-inch LCD waterdrop screen plus 19.5:9 aspect ratio and a 1560×720-pixel resolution, its screen design drew inspiration from a water droplet on the verge of falling, it is a perfect device.

EUNISELL UNVEILS LOCAL CLEANING SOLUTION

Leading chemical solutions and oil and gas production engineering solutions Group, Eunisell, has put its full weight behind the Federal Government’s local content programme, by developing and launching two biodegradable cleaning solutions.
Eunisell chemists spent almost two years in the laboratory, perfecting Nutresall 250 and Eunisoll SP 200, aimed at providing cleaning solutions for the Nigerian industrial and oil & gas sectors. The market faces its own unique and often complex challenges, which guided the team to develop the solutions in Nigeria, using Nigerian expertise – critical to aligning with market dynamics and the local content programme.
Eunisoll SP 200 and Nutresall 250 are both designed to remove oily residues, stubborn stains and greasy grime from equipments, floors and machinery parts, so that dirt and emulsion can be quickly washed away, leaving a clean, residue-free surface.
Eunisell is immensely proud that the product solutions are not only effective and cost-efficient, but in addition, are environmentally-friendly, abrasion-free and non-flammable. Customers can even wash their hands with the products – No harsh chemicals are used in manufacture.
The introduction of the two products forms only part of Eunisell’s commitment to embracing the local content drive. The Group has already created numerous product solutions for the oil and gas and industrial sectors at the Eunisell Isolo Research and Development Laboratory.
For over 23 years, Eunisell, an internationally certified ISO 9001: 2015 company, which ranks among only a few successful Nigerian companies in the industry, has been providing chemical and engineering solutions to a wide base of blue-chip customers, reducing costs and improving process.

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