Chinnan's blog

With a pump price of N145 ($0.40) per litre, Nigeria has been ranked as the eighth cheapest place in the world to buy petrol. Other countries among the cheapest places to buy petrol are Venezuela ($0.01), Turkmenistan ($0.29), Kuwait ($0.35), Iran ($0.36), Egypt ($0.37), Algeria ($0.37), Ecuador ($0.39), Bahrain ($0.42) and Syria ($0.44). The average price of petrol around the world is $1.12 (N403.2) per litre, according to GlobalPetrolPrices.com, which publishes data on retail fuel prices around the world and tracking over 150 countries on a weekly basis. In its latest weekly global fuel price review (January 2, 2018), it noted that the international oil benchmark, Brent crude, reached $66.9 per barrel during the past week. “The crude oil price increase pushed up the retail fuel prices around the world and the world average gasoline (petrol) price increased to a level of $1.09 per litre. The world average diesel price also went up by a cent,” it stated. The report noted that the begin...

Telecommunication provider, MTN has, once again, led the 2017 Top 50 Brands Nigeria for its innovation, Corporate Social Responsibility (CSR), online engagement, National spread, and Brand popularity. The brand is followed by Dangote Group, Coca-Cola, GTBank, among others in the ranking. The Chief Executive Officer (CEO), Top 50 Brands Nigeria, Taiwo Oluboyede, at the unveiling of this year’s edition in Lagos said the brands presented are those that have weathered the storm of recession, achieved remarkable growth, with better understanding of the market, worked towards meeting the expectations of discerning consumers, delivering on their promises and many gaining equity even in difficult times. “To achieve the 50 top brands in Nigeria, we use the Brand Strength Measurement (BSM), a specially designed model that takes basic qualitative elements to determine brand valuation and strength. The model checks consumer’s knowledge of a brand using the top on the mind survey. It’s largely...

What is it that makes all the big entrepreneurs  like Steve Jobs, Oprah Winfrey, and Bill Gates tick - the things that make them different from the other? You will see when you compile all the big names together and more that there are certain traits and actions that all these people take in order to split them from the others. It’s no secret the deep down all of us want to be successful - however, most of us forget to see that  success is really a science.  Often we are so caught up in the belief that successful people have some sort of special gift and that we can never be those people. If you have ever read biographies of these great men and women you’ll see that many of them started in very humble beginnings. So why not just you and me hit big? Well for starters it’s very hard work! Also, we live in a time where ideas and knowledge get passed around the internet like a joint at a Pink Floyd concert. So how do you know what to trust? Obviously, it’s about time we ...

The Nigeria naira yesterday appreciated further to N364 per dollar in the parallel trade showcase because of frail interest for dollar. Naijcrackgist survey revealed that the parallel market exchange rate fell for the second consecutive day to N364 per dollar yesterday from N365 per dollar on Tuesday. This translated to N1 appreciation for the naira. Similarly the naira appreciated by 90 kobo in the Investors and Exporters (I&E) window, as the indicative exchange rate dropped to N368.6 per dollar yesterday from N369.5 per dollar on Tuesday. Data by the Financial Market Dealers Quote (FMDQ) showed that the volume of transactions dropped by 58 per cent to $75.32 million from N182.3 million on Tuesday.