🇳🇬NigeriaWest Africa
Dangote named Africa’s top brand for eighth consecutive year
via Punch Nigeria2 min read
Dangote Industries Limited has been recognized as Africa’s Most Admired Brand for the eighth consecutive year in the Brand Africa 100 rankings. The announcement was made at the 16th annual Brand Africa 100: Africa’s Best Brands event in Addis Ababa, Ethiopia. The conglomerate also maintained its position as Africa’s Most Admired Industrial Brand and was ranked as the leading African brand contributing to a better Africa. The rankings are based on a 2026 survey covering consumers in 30 African countries, representing over 85% of the continent’s population and economic output, measuring consumer perceptions, brand influence, and market relevance. Dangote emerged as Africa’s most admired brand in the aided recall category, ahead of MTN and Vodacom, and ranked second in spontaneous brand recall among African brands, behind MTN. Brand Africa attributed this performance to Dangote’s extensive presence in strategic sectors like cement, fertilizer, petrochemicals, energy, sugar, salt, packaging, and logistics. The company also ranked second among brands recognized for positive contributions to society, people, and the environment. Despite improvements by indigenous brands, African-owned brands accounted for only 15% of the continent’s 100 most admired brands in 2026. Brand Africa founder and chairman, Thebe Ikalafeng, emphasized the need to support African brands to drive economic development. Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Industries, wa
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Punch Nigeria.
Must ReadThe Central Bank of Nigeria CBN has launched the fourth edition of its Foreign Exchange Manual, an update designed to bring more clarity, transparency, and accountability to the country's foreign exchange market. The revised manual, effective June 1, comes after nearly eight years since the previous edition and aims to align foreign exchange administration with current economic realities, including a global pandemic, oil price volatility, and exchange rate reforms. CBN Governor, Mr. Olayemi Cardoso, stated that foreign exchange is a critical enabler for any open economy, anchoring price stability and facilitating trade. Deputy Governor, Economic Policy Directorate, Dr. Muhammad Abdullahi, highlighted that the review is part of a broader strategy to restore confidence, improve transparency, deepen liquidity, and strengthen the market's overall functioning. Key changes include harmonizing Personal Travel Allowance and Business Travel Allowance disbursements, increasing allowable advance payments for imports from 15% to 30%, and making Form NXP processing free of charge for export transactions. The manual also introduces provisions for service exports, technology-sector remittances, and Pan-African Payment and Settlement System transactions, reflecting changes in Nigeria's economic structure. Additionally, it removes the mandatory Form A requirement for remittances using ordinary domiciliary accounts and allows tuition fee payments of up to $25,000 per semester for studies abroa
Must ReadThe Christian Association of Nigeria has declared a three-day national mourning period starting June 12, 2026, due to the worsening security situation in the country. The association also called on the Federal Government to declare a state of emergency on security across Nigeria. This decision was made during the National Church Denominational Leaders Summit 2026 in Abuja. The period of mourning will conclude on Sunday, June 14, 2026, designated as 'Black Sunday' to honor victims of violence and show solidarity with affected families. CAN expressed deep concern over escalating violence, kidnappings, terrorist attacks, and community destruction, urging the government to take urgent and decisive action to end the bloodshed. They also called for a comprehensive review of the nation’s security architecture, improved intelligence gathering, and enhanced operational effectiveness. Furthermore, CAN advocated for the establishment of state police and other decentralized security structures, and demanded the immediate release of all abducted schoolchildren, teachers, and citizens. The association criticized the focus on political activities amidst security threats and called on various national bodies to join efforts in holding the government accountable.
Delta State Governor, Sheriff Oborevwori, has declared President Bola Tinubu’s re-election in 2027 as his “number one political project,” stating that the President’s economic reforms are benefiting Delta State and other subnational governments. Speaking on ARISE News, Oborevwori noted that improved revenue allocation under the Tinubu administration has allowed Delta State to execute projects without financial strain and pay contractors promptly. He asserted that for the first time, Delta State is not indebted to contractors, attributing this to the Federal Government’s economic reforms which have increased state revenues. The governor expressed confidence in the All Progressives Congress's strong support in Delta State for 2027, citing a “political tsunami” of defections from the Peoples Democratic Party to the ruling party. He dismissed concerns over the resignation of former Deputy Senate President Ovie Omo-Agege from the APC, stating that the party remains strong and united behind Senator Ede Dafinone. Oborevwori believes that ongoing projects across Delta State will secure voter confidence for the APC and that President Tinubu enjoys strong support in the state due to political alignment, development projects, and personal ties, which he claims will boost the President’s re-election chances.
The Ogun State Police Command has refuted social media reports of bandit attacks and invasions in communities and schools across the state, clarifying that the recent arrest of 38 Ivorian nationals in Atan-Ota was not related to banditry or terrorism. Babaseyi Oluseyi, the command's public relations officer, stated that Ogun remains safe and secure, contrary to claims of attacks on schools and communities in areas like Ota and Ifo. Oluseyi confirmed there have been no bandit attacks, kidnappings, or terrorist activities in the mentioned locations. Police operatives and the School Protection Squad conducted assessments, finding all schools safe, secure, and fully operational. The 38 foreign nationals, comprising 19 males and 19 females aged 25 to 35, were arrested in an apartment during an intelligence-led operation in Kajola-Ilese, Atan-Ota. They could not produce valid immigration documents and claimed to be in Nigeria for online business. They have since been handed over to the Nigeria Immigration Service for further investigation. The police emphasized that linking these arrests to banditry is false and misleading. This clarification follows heightened insecurity concerns in the South-West and the recent arrest of a tailor for circulating a fake video claiming bandit invasion in Atan-Ota. The command urged the public to verify security information through official channels to prevent panic and disorder.