Trendupp – a reward-based platform where creatives receive support, publish exclusive content and build direct relationships with their fans across Africa – has officially announced the maiden edition of its awards initiative – Trendupp Awards themed ‘The Force of Influence’.
Trendupp Awards is aimed at recognising content creators, influencers and brands across Nigeria based on different niches for their creative work.
Trendupp is a subsidiary of DottsMediaHouse (Africa’s foremost digital marketing firm) known as a leading force in the influencer marketing space in Nigeria. Trendupp Awards is designed to celebrate the excellent use of social media platforms such as Twitter, TikTok, Instagram, YouTube etc by honouring the brains behind the creative content.
Following nominations from the general public later this month, winners will be screened and chosen by a board of respectable judges in order to maintain transparency and accuracy in the selection and screening processes.
The Founder and CEO, Tiwalola Olanubi Jnr are encouraging Nigerians to get ready to nominate their favourite influencers, content creators and brands that have disrupted and Influenced using their voices and content.
According to him;
“Despite the enormous role influencers and content creators play in shaping digital trends over the years, there has been no platform to recognize their outstanding work in the Nigerian and African influencer marketing space.
We seek to fill this gap with Trendupp Awards by celebrating the influencers, content creators, brands and organizations who have made the best use of Facebook, Twitter, YouTube, Instagram, TikTok, to influence and entertain us over the past few years.”
The positive development of the group’s businesses seen in the fourth quarter of 2020 has continued well through the first quarter of 2021.
Deutsche Post DHL Group has today released preliminary results for the first quarter of 2021 and has raised the outlook for the current financial year. Preliminary operating profit (EBIT) for the first three months improved to around EUR 1.9 billion (Q1 2020: EUR 592 million).
The positive development of the group’s businesses seen in the fourth quarter of 2020 has continued well through the first quarter of 2021. In the first three months of the year, the B2C shipment volumes remained high in all networks while the recovery in the B2B business continued.
“The start to the new financial year was more dynamic than ever. It proves that we have successfully geared our business to the right growth drivers. One year into the pandemic we experienced in the first quarter of 2021 a sustained momentum in e-commerce and a significant stabilization in global trade with increasing air- and sea-freight volumes.
Consequently, all divisions reported a significant jump in earnings above market expectations. Global trade continues to recover and vaccine distribution is in full swing which makes me very optimistic for the rest of 2021 and beyond”,said Frank Appel, CEO of Deutsche Post DHL Group.
All divisions optimally positioned for continuing e-commerce boom and growth in global trade
Express: The division reached an EBIT of around EUR 955 million in the first quarter of 2021 compared to EUR 393 million in Q1 2020.
Global Forwarding, Freight: EBIT in Global Forwarding, Freight stood at around EUR 215 million in Q1 2021, clearly above the previous year’s Q1 of EUR 73 million.
Supply Chain: EBIT at Supply Chain came in at around EUR 165 million in the first quarter of 2021 compared to EUR 105 million in Q1 2020.
eCommerce Solutions: eCommerce Solutions recorded a first-quarter 2021 EBIT of around EUR 115 million, clearly above last year’s Q1 result of EUR 6 million.
Post & Parcel Germany: EBIT in Post & Parcel Germany in Q1 2021 was around EUR 555 million (Q1 2020: EUR 334 million).
Earnings momentum mirrored in positive cash flow development and improved outlook
The continued positive business development is underpinned by a strong cash flow development; free cash flow amounted to around EUR 1.0 billion in the first quarter of 2021. In Q1 2020 this figure was still negative at EUR -409 million.
In light of the strong earnings momentum, guidance for 2021 is adjusted as follows:
Group EBIT for 2021 is now expected to be significantly above EUR 5.6 billion (previous forecast: more than EUR 5.6 billion). Equally, the result for the DHL divisions is now seen significantly above EUR 4.5 billion (previous forecast: more than EUR 4.5 billion). EBIT for the Post & Parcel Germany division is no longer expected at around EUR 1.6 billion but above EUR 1.6 billion.
The expectation of a Group Functions EBIT of around EUR -0.4 billion remains unchanged. Full-year 2021 Free Cash Flow is now expected to be significantly above EUR 2.3 billion (previous forecast: around EUR 2.3 billion).
The Group will introduce revised detailed guidance with the comprehensive disclosure for Q1 2021 which will be published as planned on May 5, 2021.
The Olive, an Accelerate Studios original, is coming to your screens on May 7th. Make sure to mark your calendars and prepare for the long-awaited movie of the year.
Accelerate’s New Show ‘The Olive’ | Brand Spur Nigeria
La Liga’s El Clásico on Saturday promises to be a significant game in the title race. Messi’s Barça goes into the clash just a point off the top spot, and two points ahead of a Real Madrid that just beat Liverpool in the Champions League.
Saturday’s match is no doubt the highlight of the weekend’s global football calendar and fans will miss none of the action as the game will be televised live and in HD on the StarTimes’ Sport Premium channel at 8 pm, as Africa’s leading digital-TV operator broadcasts La Liga matches throughout the continent as well as Bundesliga, UEFA Europa League, FA Cup and the coming UEFA Euro 2020.
Saturday’s home side, Real Madrid have a slight advantage in the statistics, having won 74 of the 181 previous matches, while Barcelona won 72, with 35 endings in a draw.
Due to COVID regulations, the match will be played in the Alfredo Di Stéfano Stadium, which normally hosts games of the Real Madrid reserve side that campaigns in the Segunda División B, which is the third tier of Spanish football.
Both sides have several injury worries ahead of their 182nd La Liga clash.
Against Liverpool, Real Madrid coach Zinedine Zidane had to make do without captain Sergio Ramos, who has played in more El Clásico matches – 45 – than any other player.
Ramos’ central defensive partner Raphael Varane will definitely be out of the game as he has tested positive for the Covid virus and will be forced to quarantine.
Dani Carvajal and Eden Hazard were also unavailable against Liverpool and are likely to miss the clash against Barcelona.
Barcelona, who needed a last-gasp goal from Ousmane Dembele to beat lowly Valladolid 1-0 on Monday will probably be without inspirational Gerard Pique on Saturday.
But despite all the absences, there are still plenty of stars that will feature in the game, with Barcelona having the likes of Lionel Messi, Frenkie De Jong, Jordi Alba, Antoine Griezmann and young American Sergino Dest, while Real can count on Toni Kroos, Karim Benzema and Luca Modric – amongst others.
The Nigerian Bureau of Statistics (NBS) will release the inflation figures for the month of March on April 15. Our time series model is forecasting a 0.47% jump in headline inflation to 17.8% (±0.2%).
This will be the 19th consecutive monthly increase and a 48-month high. Exchange rate pressures have proven to be one of the principal inflation drivers in Nigeria. Manufacturers are currently experiencing difficulties in securing imported raw materials as forex rationing continues to take its toll.
This pushed up import costs and reduced output, evidenced by the 3.02% drop in FBN PMI to 51.4pts in March. The decline in imported raw materials is forcing manufacturers to look inwards for local substitutes, reducing the supply of commodities to retail markets.
Aggregate domestic output has been constrained by disruptions, low productivity (-0.5%) and logistics constraints. The FGN’s borrowings (ways and means advances) have also increased the money supply, exacerbating inflationary pressures.
Our analysis reveals that both the food and core sub-indices are likely to increase in the month of March.
Food inflation is projected to rise to 22.3% while the core sub-index could climb to 12.6%. Notably, rising food inflation is not a Nigeria-specific phenomenon. According to the Food and Agriculture Organization, the Global Food Price Index rose by 2.1% to 118.5pts in March. This was driven by strong demand for basic foodstuffs such as vegetable oils, meat and dairy.
Month-on-month inflation to drop on weak consumer demand
Month-on-month inflation, which has oscillated in the last three months, is projected to decline to 1.26% (16.17% annualized) in March from 1.54 (20.22% annualized) in February. Weak aggregate demand and consumer resistance to price increases have forced most manufacturers to bear the burden of higher production costs.
This is unlikely to be sustained in the coming month as expenses continue to climb, squeezing corporate margins. Also, brand loyalty is being tested as commodity prices increase, forcing consumers especially at the bottom of the income pyramid to shift to relatively cheaper commodities.
Monetary conditions and monetary policy
The sharp increase in headline inflation is likely to force the CBN to reconsider resuming its tightening cycle. Typically, monetary conditions and monetary policy move in opposite directions to keep the price level under control. When monetary conditions are loose, the CBN adopts a tight monetary policy stance to ensure price stability and vice versa.
With inflation spiralling and currently double the upper band of the CBN’s inflation target (9%), a likely increase in interest rates is not only imminent but almost inevitable. The good news is that policymakers are becoming increasingly aware of the need to increase interest rates before inflation spirals out of control.
A third of the committee members (MPC) voted for a rate hike at the MPC meeting in March. This is likely to increase towards a majority of members in the month of May.
Rising interest rates to reduce the negative real rate of return It appears the CBN is using its orthodox policy tools to change the interest rate direction. Yields on the 364-day T/bills tenor increased to 8.0% from 2.0% in January while OMO bills of the same tenor are now slightly above 10%. With interest rates rapidly increasing, the negative rate of return on investment will reduce.
NBS, CBN, FDC Think Tank
Regional inflation more to the upside
Regional inflationary trends have been increasing since the beginning of the year. This can be largely attributed to higher food prices, weaker currencies, higher energy costs and rising housing and utility expenses. According to the EIU, SSA inflation is projected to average 8.1% in 2021 before edging down to 8.0% in 2022.
The regional central banks are beginning to take steps in taming rising inflation. Zambia’s MPC raised its benchmark interest rate by 50 basis points to 8.5% during its February meeting. Nigeria is likely to follow suit in Q2 as inflation continues its upward trajectory.
What to expect in Q2’21
Headline inflation is expected to continue its upward trend in Q2 as the planting season commences, further exacerbating pricing pressures. The CBN might be forced to adopt a tighter monetary policy stance to curb rising inflation and ensure macroeconomic stability.
The latest inflation report (February) released by the National Bureau of Statistics (NBS) shows the eighteenth successive uptick in the y/y headline rate. Over the past six months, the highest m/m increases in the headline measure were registered in February ’21 (87bps), December ’20 (87bps) and January ’21 (71bps). Food inflation remains the major driver behind the steady acceleration.
In addition to supply-side constraints triggered by the ongoing pandemic, the worsening insecurity in the country, particularly in food-producing areas, is limiting expected outcomes and further fuelling food inflation.
Based on February’s inflation report, the highest increases were recorded in fish, meat, oils and fats, tubers, bread, cereals, potatoes, fruits and vegetables. The prices of poultry products in Nigeria are at their highest levels. A kilogramme of chicken that was previously sold at NGN800 is now sold at c.NGN2000, while the price of a crate of the egg has doubled to NGN1500.
The latest NBS report tells us that the transport segment, which accounts for 6.5% of the basket, posted price increases of 1.3% m/m in February (compared with 1.2% the previous month) and 14.1% y/y, compared with 13.6% in January.
A separate report from the NBS reveals that the average fare paid by commuters for bus journeys within cities increased by 2.6% m/m and 78.1% y/y in February compared with 6.2% m/m and 78.5% y/y the previous month. Zamfara, Bauchi and Ekiti states recorded the highest increases.
The important drivers behind the increase in core inflation include the hike in the price of Premium Motor Spirit (PMS) and the upward adjustment in electricity tariff among others.
The latest PMS Price Watch report shows that the average price paid by consumers increased by 14.3% y/y to NGN166.2 per litre in February ’21. States with the highest average price of PMS were Abia (NGN180 per litre), Kogi (NGN175.8 per litre) and Kebbi (NGN173.1 per litre).
In February, the price rises recorded in the health segment were 1.3% m/m and 15.2% y/y. Pharmaceuticals and medical services continue to feature as leading drivers of core inflation.
Recreational activities have picked up, but with limitations. For example, cinemas are operating but with strict social distancing guidelines. In February, increases of 1.0% m/m and 11.4% y/y were recorded for the recreation and culture segment within the inflation basket.
At the last monetary policy committee (MPC), the committee retained all parameters and reiterated its stance that inflationary pressure is mainly due to legacy structural factors across the economy and not largely associated with monetary factors.
The CBN’s in-house estimates suggest that inflationary pressure is projected to moderate in the short-to-medium term, given the potential rebound in output growth, bolstered by the resumption of economic activities.
However, the underlying risks of the efficacy of the COVID-19 vaccines against known and newly emerging strains of the virus, the uncertainty as to whether the vaccines could help achieve herd immunity or not and unequal access to the vaccines are some of the headwinds that could undermine this forecast.
Amaju Melvin Pinnick was treated to a night of celebration as he assumed his FIFA Executive Council role. The event, which took place on Thursday, April 1, 2021, at Live Lounge, Lagos, saw friends and family convene to celebrate his important contributions to football in Nigeria and Africa.
According to Emmanuel Oriakhi, Marketing Director, Nigerian Breweries, the event was held “in honour of Pinnick’s milestones and achievements over the years as well as the strong leadership he has maintained throughout his career despite mounting challenges.”
The event, supported by Nigerian Breweries’ foremost brand, “33” Export, was star-studded with notable names Seyi Akinwumi, Benedict Peters, Ayo Animashaun, Jordi Borrut Bel, Bovi, Noble Igwe, Colin Udoh, and many more.
Check out our favourite moments from the celebration below!
All 64 matches of the FIFA World Cup 2022™, to be held in Qatar, will be broadcast live on SuperSport
April 9, 2021 – All 64 matches of the FIFA World Cup 2022™, to be held in Qatar, will be broadcast live on SuperSport after the World of Champions concluded a broadcast deal with FIFA.
This continues SuperSport’s long-standing association with football’s governing body and reaffirms SuperSport as Africa’s home of world football. SuperSport’s pay-TV broadcast rights extend to all platforms across sub-Saharan Africa and represent even more opportunities to provide fans with compelling live content.
High Definition coverage will be across multiple channels with expert analysis, in-depth digital offerings, supplementary programming and much more in keeping with the grand scale of the event.
To be contested by 32 teams, including champions France, the World Cup will be held for the first time from November 21 to December 18, and the first to be held in one city.
The FIFA acquisition sits alongside SuperSport’s already substantial offering that includes all the major football leagues from around the world.
“This is fantastic news, especially after the success of the 2018 tournament, a fitting celebration of the beautiful game,” said Marc Jury, Chief Executive of SuperSport. “The FIFA World Cup™ always excites fans and the kick-off times will be most convenient for our viewers, given friendly broadcast time zones.”
Building on the marginal gains of yesterday, the stock market inched up further by 0.07% today.
The All-Share Index closed at 38,799.83 from 38,774.03, while the market capitalization grew by ₦13.5bn to ₦20.30tn. Year-to-date, the market is down by 3.65%.
In a reversal of yesterday’s performance where the Consumer Goods sector was the only sector to record growth, the sector lost 0.20% today. However, the Banking Sector led the gains for today, advancing by 2.19%, following gains in ZENITHBANK (3.81%).
The Oil & Gas sector gained 0.40%, while the Insurance sector gained 0.60%. The Industrial sector, however, remained stable.
Investor sentiment turned positive today, as the market breadth grew from 0.44x to 1.08x with 13 stocks advancing, led by CHIPLC (9.68%), and 12 stocks declining, led by ROYALEX (-7.69%). The market turnover was negative today as the volume and value of shares traded decreased significantly; with the volume and value dropping by 59.23% to 145.33 million shares and 62.43% to ₦1.58 billion respectively.
Fixed Income Market
The activity in the market caused yields at both ends of the curve to move in opposite directions; the yields of short-term bonds such as the FGN-APR-2023 compressed by 1bps to 6.28%, while the yields of long-term bonds like the FGN-JUL-2030 bond increased by 35bps to 11.51%.
Treasury bill yields remained stable for the 91-day, 180-day, and 365-day securities at 2.43%, 4.34%, and 6.63%.
Market Snapshot
Stock Exchange Maintains Upward Trajectory …Up by 0.07%
Contrasting Activity On Both Ends of The Bond Yield Curve
Stocks Climb After Powell’s Remarks
Effects of OPEC Decision Persist As Prices Continue to Rise
Nielsen and Twitter announced the expanded integration of Nielsen’s audience measurement and outcomes cross-media solutions into Twitter’s video ad platform.
The integration includes a new subscription to Nielsen Media Impact (NMI) and Nielsen Ad Intel and expanded access to Nielsen Total Ad Ratings (TAR).
Together, these tools will enable Twitter to help video advertisers do more robust pre- and post-campaign planning, maximize ad inventory, understand cross-media planning and deliver campaign results with increased speed and agility.
“With a highly engaged audience and powerful premium video content, Twitter is where advertisers can connect with consumers in the moments that matter most to them,” said Doug Brodman, Twitter’s Director of North America Agency and Platform Solutions. “Nielsen’s cross-media suite will make it easier to augment our client’s video strategy and planning with Twitter’s premium video inventory and optimize audience reach and frequency alongside other top video platforms. Ultimately, this expanded partnership brings increased transparency, clarity and value to Twitter’s video solutions for our agency partners and advertisers.”
To bolster its use of NMI and TAR, Twitter will leverage Nielsen’s National TV Ratings data for added insights of ad campaigns across platforms. Each solution and dataset provides Twitter with unique tools and capabilities to strengthen one of its most brand safe and impactful surfaces for advertisers: Twitter Amplify, a video ad platform that gives advertisers pre-roll and sponsorship opportunities next to premium video content. The implementation of Nielsen’s measurement and planning tools, provides a holistic view of campaign performance across all video platforms including TV.
Nielsen Media Impact: NMI is a cross-media planning solution poweredby a suite of underlying Nielsen data including National TV Ratings, Ad Intel, Digital Content Ratings and others. It helps advertisers find insights into their target audiences, their lifestyle and media preferences so they can create connections with those audiences. With NMI, advertisers on Twitter can conduct more granular plans and optimization models that showcase various investment scenarios.
Nielsen Ad Intel: Ad Intel captures, organizes and analyzes advertising spend and creatives around the world, offering the most complete source of cross-platform advertising intelligence available today. This will give Twitter a global view of new sales opportunities and a clearer view of an advertiser’s media mix – a critical step in executing effective media plans.
Nielsen Total Ad Ratings: Twitter is expanding its access to TAR’s enhanced reporting capabilities. Now, in addition to having the ability to show incremental, deduplicated reach and frequency it delivers on cross-screen campaigns, Twitter will have real time visibility into how an advertiser’s campaign is pacing. This will allow for more in-flight customization.
“To compete in a fragmented ecosystem, publishers require tools that help them plan their cross-media media strategies efficiently as well as provide deeper analysis and more robust insights of an advertiser’s campaign across screens,” Jay Nielsen, SVP, Planning Products, Nielsen. “Twitter’s use of NMI and Ad Intel levels the playing field and ensures they have the same metrics and tools as agencies and advertisers, facilitating alignment on a common goal and plan. With TAR’s expedited capabilities, Twitter will now be able to better monetize the incremental reach and frequency delivered by ads on their platform. Altogether, our expanded collaboration will help Twitter maximize their video platform and unlock more value for advertisers as this type of video consumption continues to grow.”
As media consumption evolves alongside consumer demand and digital-first strategies drive greater desire for comparable metrics, the need for a single, cross-media currency is more clear than ever. Cross-media solutions like these and Nielsen ONE, uniquely position Nielsen to deliver essential tools for publishers and advertisers to quickly adapt to consumer and industry trends across channels.
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