The Road To Business Impact: Insights Industry Pushes ROI Measurement As Strategic Growth Driver

The global insights and analytics sector is increasingly prioritising measurable business impact as organisations move to prove the return on investment (ROI) of consumer insights. According to findings from the GRBN Insights Maturity Study, the industry has recorded significant progress over the past 15 years in demonstrating how insights contribute directly to corporate performance and decision-making.

A central debate within the sector has been whether the ROI of insights can truly be measured, with sceptics arguing that too many external factors influence business outcomes. However, the study challenges this position, noting that such assumptions have often led to undervaluation of insights functions within organisations and, in some cases, reduced investment or misclassification within corporate structures.

Brandspur Banking News Desk reports that recent industry research from GRBN, alongside studies conducted by BCG and other global associations, indicates that structured ROI measurement is not only possible but already in practice across a growing number of organisations. The report highlights that a significant share of strategic insights teams are now systematically tracking impact, while others apply partial measurement frameworks depending on project scope.

The study identifies three core pillars driving effective ROI measurement in insights functions. These include the development of structured frameworks for defining and tracking impact, the integration of guiding principles into organisational processes, and the establishment of a culture where impact measurement is embedded into everyday decision-making and reporting practices.

It further explains that organisations are increasingly adopting structured models that assess insights impact across multiple dimensions, including granularity, decision perspective, and varying forms of measurable outcomes. These models allow businesses to evaluate how insights influence areas such as marketing strategy, pricing, innovation, and customer experience, while also accounting for short-term and long-term effects.

However, challenges remain in translating insights into direct financial ROI, particularly where outcomes are influenced by multiple departments and external market variables. As a result, many organisations rely on proxy indicators such as behavioural shifts, sales trends, or decision confidence levels to estimate value contribution.

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The report also stresses the importance of cross-functional collaboration, particularly between insights teams, finance departments, and data analytics units, to strengthen measurement accuracy. This collaboration is seen as essential in developing models that gradually link qualitative indicators to financial performance outcomes.

Beyond methodology, the study emphasises cultural transformation within organisations as a key driver of success. It notes that insights teams must embed ROI thinking into daily operations, ensuring that value creation is consistently tracked, communicated, and understood across the business.

Experts also argue that continuous communication of insights impact is critical to reinforcing the strategic role of consumer insights within organisations. Without this, they warn, the function risks being perceived as a cost centre rather than a value-generating asset.

Overall, the findings suggest that the insights industry is entering a more accountability-driven phase, where the ability to demonstrate business impact is becoming as important as generating insights themselves.

From Mentorship To Market Influence: How Structured Guidance Is Shaping New Generation Of Brand Leaders In Nigeria

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The Nigerian marketing and communications industry is witnessing a gradual but steady shift in how leadership is developed, with increasing emphasis on structured mentorship, hands-on exposure, and long-term talent grooming rather than purely experience-based progression.

This evolving model is helping to bridge the gap between entry-level practitioners and senior industry roles, as organisations and senior professionals invest more intentionally in developing future leaders within the brand ecosystem.

Brandspur Brand News reports that this transition is reflected in the career progression of professionals such as Rotimi Bankole, whose journey illustrates how mentorship-driven development can translate into sustained industry relevance and leadership capability over time.

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Bankole’s rise from mentee to an established industry figure highlights how guided exposure, early responsibility, and consistent learning opportunities can shape professionals into strategic contributors within the branding and communications space.

His trajectory reflects a wider pattern across the sector, where emerging talent is increasingly being shaped through structured development pathways that combine practical experience with mentorship from seasoned practitioners.

Industry stakeholders note that this approach is gradually redefining how leadership pipelines are built, with greater focus on capability development, adaptability, and strategic thinking as core requirements for advancement in the brand and marketing ecosystem.

Wema Bank Marks 81st Anniversary With Customer Rewards, Digital Innovation And New Growth Initiatives

Wema Bank Plc, Nigeria’s oldest indigenous bank and pioneer of Africa’s first fully digital banking platform, ALAT, has marked its 81st anniversary alongside the 9th anniversary of ALAT, highlighting a dual milestone anchored on customer-focused rewards, digital expansion, and strategic innovation.

The anniversary, celebrated on May 2, 2026, reflects a shift in approach from large-scale ceremonies to initiatives designed to directly impact customers across various segments, including individuals, SMEs, students, women, and creatives.

The bank announced a series of programmes including customer rewards through the ALAT digital platform and the rollout of the fifth season of its “5 for 5 Reward Initiative,” aimed at deepening engagement and encouraging financial inclusion through digital banking channels.

As part of the anniversary activities, Wema Bank also introduced a structured customer success initiative designed to support long-term financial and personal growth. The programme is expected to provide tailored insights, advisory support, and solutions to help customers achieve defined financial and professional goals.

Brandspur Brand News reports that the initiative aligns with the bank’s broader strategy of combining digital transformation with customer empowerment, as it continues to strengthen its position in Nigeria’s evolving financial services sector.

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Speaking on the milestone, Wema Bank Managing Director and Chief Executive Officer, Moruf Oseni, stated that the financial landscape is rapidly evolving due to technology and changing consumer behaviour, stressing the need for customers to be equipped with tools and guidance that support adaptability and growth.

He added that the bank is focused on building a smarter financial ecosystem where services are aligned with customer needs, anticipating requirements and delivering solutions proactively across digital platforms.

Oseni further noted that the institution remains committed to supporting individuals and businesses through innovative banking solutions, while appreciating stakeholders, regulators, customers, and employees for their contribution to the bank’s 81-year journey.

The bank reaffirmed its focus on digital banking expansion through ALAT, positioning it as a key driver of financial inclusion and a central platform for delivering personalised banking experiences across Nigeria’s growing digital economy.

Quest Merchant Bank Appoints Ayo Lewis As Executive Director Risk And ECO

Quest Merchant Bank has announced the appointment of Andrew Olufunmilayo Lewis as Executive Director, Risk Management and Executive Compliance Officer (ECO), following regulatory approval from the Central Bank of Nigeria (CBN), in a move aimed at strengthening governance, compliance, and enterprise risk oversight within the institution.

The appointment reflects the bank’s strategic focus on reinforcing its risk architecture and supporting long-term institutional resilience as it advances its growth and transformation agenda in Nigeria’s financial services sector.

Brandspur Banking News Desk reports that Lewis joins Quest Merchant Bank from Sterling Financial Holdings Company, where he served as Group Chief Risk Officer and provided leadership in enterprise-wide risk frameworks, regulatory compliance systems, and portfolio risk optimisation across subsidiaries.

With over 33 years of experience in banking and financial services, Lewis brings a combination of frontline banking exposure and senior risk governance expertise. His career spans consumer, commercial, and corporate banking, alongside extensive work in risk management and compliance leadership roles.

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In his new role, he is expected to drive operational efficiency, strengthen internal control systems, and promote a risk-conscious culture aligned with regulatory expectations and sustainable growth objectives.

Commenting on the appointment, Quest Merchant Bank’s Acting Managing Director and Chief Executive Officer, Afolabi Olorode, stated that the decision reflects the institution’s commitment to disciplined governance and forward-looking leadership capable of supporting its strategic direction and long-term value creation.

Lewis holds a degree in Actuarial Science from the University of Lagos and has completed executive education programmes at several global institutions, including Stanford University, The Wharton School, London School of Management and Leadership, and Lagos Business School.

His appointment signals Quest Merchant Bank’s continued effort to strengthen its leadership structure as it positions for deeper operational discipline and enhanced regulatory compliance in the evolving financial landscape.

Olayinka Ijabiyi Appointed FirstBank Group Head Of Marketing And Corporate Communications

FirstBank of Nigeria Limited has confirmed the appointment of Olayinka Ijabiyi as its substantive Group Head, Marketing and Corporate Communications, with immediate effect, reinforcing the bank’s focus on governance, brand leadership, and strategic communication as it advances its transformation agenda.

The appointment formalises his role after serving in an acting capacity since December 2024. In his new position, Ijabiyi will oversee integrated marketing strategy, corporate communications, brand reputation management, stakeholder engagement, and corporate responsibility initiatives across FirstBank’s operations.

Brandspur Banking News Desk reports that the elevation reflects the institution’s continued investment in experienced leadership to drive brand consistency and strengthen its positioning across financial markets, telecommunications, media, and development sectors where it operates.

Ijabiyi brings more than 25 years of professional experience spanning brand management, digital marketing, stakeholder relations, and corporate communications. Since joining FirstBank in 2011, he has held several leadership roles including Head of Brand Strategy and Special Projects, Head of Digital Marketing, and Head of Brand and Stakeholder Management.

Before joining FirstBank, he built a multi-sector career across organisations such as British Council, MultiChoice, MTN, and Etisalat Nigeria, where he contributed to brand development, communication strategy, and digital transformation initiatives.

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In his most recent acting capacity, he was responsible for aligning the bank’s communications strategy with business objectives, strengthening corporate visibility, and driving campaigns linked to institutional milestones and reputation growth.

Ijabiyi holds a Master’s degree in Public and International Affairs from the University of Lagos and a Bachelor’s degree in English Language from the former Ondo State University, Ado-Ekiti. He is a Fellow of the National Institute of Marketing of Nigeria (NIMN) and a member of the Nigerian Institute of Public Relations (NIPR), alongside other professional affiliations.

With this confirmation, FirstBank signals continuity in its communication leadership structure while consolidating its brand and stakeholder engagement strategy across key markets.

Universal Music Group Plans Partial Spotify Stake Sale Worth $1.4 Billion To Fund $1 Billion Share Buyback Programme

Universal Music Group (UMG) has announced plans to divest part of its stake in Spotify, a transaction expected to generate approximately $1.4 billion, as the global music company moves to strengthen shareholder returns through an expanded buyback programme.

The company disclosed the decision on April 29, stating that proceeds from the sale will be directed toward a $1 billion share repurchase initiative, a financial strategy aimed at reducing outstanding shares and potentially increasing shareholder value.

A share buyback occurs when a company repurchases its own shares from the open market, effectively tightening supply and often improving earnings per share for remaining investors.

The planned transaction will reduce Universal Music Group’s stake in Spotify from about 3% to approximately 1.5%, based on Spotify’s current share price of around $443, placing the deal valuation at roughly $1.4 billion.

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Brandspur Brand News reports that the move also carries implications for artist compensation, following the so-called “Taylor Swift clause,” a provision introduced in 2018 that requires a portion of proceeds from certain Spotify-related asset sales to be shared with artists.

The development comes amid heightened market attention after billionaire investor Bill Ackman reportedly valued Universal Music Group at about $65 billion and suggested a full divestment of its Spotify holdings as part of a broader strategic restructuring proposal.

However, UMG’s decision to sell only part of its stake signals a more controlled approach, allowing the company to retain strategic exposure to Spotify while independently managing capital allocation decisions.

Alongside the announcement, Universal Music Group reported first-quarter revenue of $3.3 billion, reflecting stable performance compared to the same period in the previous year.

Analysts view the partial stake sale as a strategic financial move that balances liquidity generation with long-term industry positioning, particularly as streaming continues to dominate global music consumption.

The development underscores UMG’s ongoing efforts to optimise its investment portfolio while reinforcing shareholder value through disciplined capital management and selective asset monetisation.

Coca-Cola Appoints Tapaswee Chandele As Global Chief People Officer Effective May 1, 2026

The Coca-Cola Company has announced the appointment of Tapaswee Chandele as its new Global Chief People Officer, with her assumption of office taking effect from May 1, 2026.

The leadership transition was confirmed on April 14, 2026. Chandele succeeds Lisa Chang, who is stepping down after seven years in the role. Chang will remain with the company as a senior advisor until the end of 2026 and will also join the board of The Coca-Cola Foundation.

Chandele will report directly to Coca-Cola’s Chief Executive Officer, Henrique Braun, as she takes charge of the company’s global human resources and people strategy function.

Brandspur Brand News reports that her elevation marks a continuation of an internal leadership pipeline, with Chandele emerging from within the organisation after more than two decades of service across multiple global roles.

Before her appointment, she served as Senior Vice President and Executive Assistant to the President and Chief Financial Officer, John Murphy, a role she assumed in May 2025. Prior to that, she led Global Talent, Development and HR System Partnerships from 2019 to 2025, where she oversaw worldwide talent strategy and workforce development systems.

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Chandele joined The Coca-Cola Company in 2001 in India, beginning her career in human resources before progressing through several leadership positions across Türkiye, South Africa, and later the United States in 2017.

Her experience spans talent management, organisational development, and global HR transformation, positioning her as a long-serving internal executive with deep institutional knowledge of the company’s operations.

In addition to her executive responsibilities, she currently serves on the board of Hindustan Coca-Cola Beverages in India and is also a board member at Agnes Scott College in Decatur, Georgia.

Academically, Chandele holds an MBA in Human Resources and Industrial Relations from Symbiosis Institute of Business Management in India. She also earned a Master of Science in Biochemistry and Clinical Nutrition from Seth G.S. Medical College and King Edward Memorial Hospital, alongside a Bachelor of Science degree from Sophia College for Women.

Her appointment reflects Coca-Cola’s continued preference for leadership continuity and internal talent development, with Chandele described as a key architect of the company’s global people and talent strategy over the past several years.

Access Holdings Records N272.21 Billion Pre-Tax Profit As Non-Interest Income Drives Q1 2026 Earnings Growth

Access Holdings Plc has reported a pre-tax profit of N272.21 billion for the quarter ended March 31, 2026, marking a 22.19% increase compared to the same period in the previous year.

The unaudited financial results show that the group’s performance was supported largely by growth in non-interest income, which helped offset weaker performance in interest-related earnings during the period under review.

Interest income declined by 8.73% year-on-year to N895.03 billion, while interest expenses rose slightly by 1.91% to N556.17 billion. This led to a 26.68% contraction in net interest income, which settled at N383.71 billion.

Impairment charges surged significantly by 239.04% to N73.81 billion, reflecting increased provisioning. Despite this, net interest income after impairment rose by 33.57% to N262.05 billion.

Brandspur Banking News Desk reports that non-interest income played a decisive role in sustaining profitability, rising by 19.03% year-on-year to N444.68 billion, driven by strong foreign exchange gains and related income streams.

Foreign exchange gains from unhedged positions contributed N176 billion to the revenue mix, reinforcing the group’s diversified earnings base. Overall, total income for the quarter stood at N709.74 billion when combined with net interest income after impairment.

Operating expenses rose by 26.16% to N411.27 billion, reflecting higher cost pressures across administrative and operational lines, alongside depreciation and amortisation expenses of N437.53 billion.

Despite rising costs, profit after tax increased by 18.49% to N216.54 billion, although earnings per share declined by 24.49% to N3.69, indicating pressure from cost expansion and earnings structure changes.

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On the balance sheet, Access Holdings recorded a 4% increase in total assets, supported by growth in customer deposits, which rose by N392 billion to N34.95 trillion, representing over 65% of total assets.

Investment securities grew by 3.11% and now account for 31% of the asset base, while loans and advances to customers increased modestly by 1.55%, representing 25.33% of total assets.

Funding costs improved slightly as interest expenses on customer deposits fell to N388 billion from N447 billion, despite the rise in deposit volumes. Interest expenses on borrowings and debt instruments also recorded a decline.

The group confirmed compliance with the Central Bank of Nigeria’s revised minimum capital requirements, with share capital and premium rising by 3.55% to N616.02 billion. Retained earnings also increased by 19.36% to N1.997 trillion.

Consequently, total shareholders’ funds rose to N4.397 trillion, compared to N4.326 trillion recorded at the end of 2025, underscoring a stronger capital position despite earnings pressures.

Overall, the Q1 2026 results highlight a diversified earnings structure, where strong non-interest income and foreign exchange gains helped offset declining interest income within a challenging operating environment.

Instagram Restricts Algorithmic Reach For Content Aggregator Accounts In Major Policy Update

Instagram has introduced a new enforcement policy targeting accounts that primarily repost third-party content, restricting their eligibility for algorithmic recommendations across the platform.

The update affects pages that rely heavily on resharing videos, memes, photos, and viral clips without significant original input, marking a shift in how the platform evaluates content distribution and discovery.

Instagram head Adam Mosseri confirmed the change in a video message to creators, stating that accounts dominated by reposted material will no longer be eligible for recommendation features.

“If most of what you post to Instagram is someone else’s content, your account is no longer going to be recommendable,” Mosseri said.

The restriction applies across key discovery surfaces including Explore and suggested posts. While Reels had already been subject to similar rules, the latest update extends enforcement to photos and carousel posts, significantly widening its scope.

Brandspur Brand News reports that although existing followers will still be able to see content from affected accounts, the update directly limits new audience growth by reducing algorithmic visibility.

The policy specifically targets meme pages, clip aggregators, screenshot-based accounts, and profiles that routinely recycle content from platforms such as TikTok, X (formerly Twitter), and YouTube.

Instagram explained that account eligibility for recommendations will now be determined by overall posting patterns rather than individual posts. If a page is consistently identified as repost-heavy over time, it will lose access to discovery distribution systems.

Meta, Instagram’s parent company, clarified that reposting is not banned, but the platform will deprioritise accounts that do not add meaningful original value, commentary, or creative transformation to shared content.

The shift is expected to significantly impact large Nigerian aggregator pages such as Instablog9ja and YabaLeftOnline, which have built massive audiences through viral content curation and frequent reposting of trending clips and celebrity updates.

While these pages will continue to appear to existing followers, their ability to attract new users through Instagram’s recommendation engine is expected to decline, affecting long-term growth potential and advertising reach.

Industry analysts note that the change could also affect monetisation, as reduced visibility may lead to lower impressions and engagement rates, both of which are critical to advertising revenue models.

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However, Instagram has outlined compliance pathways for creators, encouraging use of native repost tools with attribution, collaboration with original content creators, and the addition of editorial or creative context to shared materials.

The platform also emphasised the importance of originality, signalling that accounts combining reposted content with commentary, analysis, or storytelling may still retain visibility within recommendation systems.

For publishers and digital media brands, the update reinforces the need to shift towards original production strategies, diversify distribution beyond Instagram, and invest in owned platforms such as websites, messaging communities, and alternative social channels.

The policy marks a broader move by Meta to prioritise original content ecosystems, reshape engagement incentives, and reduce reliance on aggregation-based growth models across its platforms.

Black Market Dollar, Foreign Currencies To Naira Today, May 4, 2026

The Nigerian naira held steady against the US dollar at the start of the trading week, while international currency markets saw contained movement despite sharp swings in the Japanese yen.

The naira opened Monday trading at N1,375.98 per dollar on the official Nigerian Foreign Exchange Market (NFEM), a marginal improvement from the N1,375.65 recorded in early morning sessions. The currency briefly touched N1,376.00 before pulling back to its current level.

BrandSpur banking and finance news desk reports that in the parallel market (black market), Bureau De Change operators in Lagos and Abuja quoted the dollar at an average of N1,410 for buyers. This premium remains narrow by historical standards. The British pound traded at approximately N1,720, while the Canadian dollar fetched around N1,035 on the same market.

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Analysts attribute the relative stability to the Central Bank of Nigeria (CBN) ‘s ongoing efforts to maintain liquidity in the official window. However, they warn that the naira remains sensitive to global oil prices and domestic monetary policy shifts, with mid-month demand cycles likely to test current levels in the days ahead.
Global Markets

On international markets, the US Dollar Index held a narrow range between 98.6 and 98.8, settling around 98.7. The session’s standout move came from the Japanese yen, which surged as much as 0.75% to 155.69 per dollar before trimming gains – triggering speculation of possible intervention by Japanese authorities. The yen’s volatility drew market attention away from broader dollar dynamics.

Elsewhere, the Indian rupee posted modest gains, edging from 94.91 to 94.86 per dollar on the back of mild dollar inflows.

Underpinning dollar stability were two key factors: persistent safe-haven demand linked to geopolitical risks, and elevated oil prices, with Brent Crude remaining above $100 per barrel. The high energy costs have reinforced expectations that the US Federal Reserve will maintain its restrictive monetary policy stance, lending the dollar underlying support even as uncertainty around the timing of future rate cuts keeps a ceiling on gains.

Analysts note the dollar is likely to remain range-bound until clearer signals emerge on inflation trends, rate policy, and the geopolitical outlook