Akin Adewakun

Nigeria

Chief Correspondent at Nigerian Tribune

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Articles

Israeli-Iran War: Nigeria may witness petroleum price surge -CPPE warns

1 week ago | tribuneonlineng.com | Akin Adewakun

THE Centre for the Promotion of Private Enterprise (CPPE) has warned that if not quickly addressed, the ongoing Israeli-Iran war may lead to a surge in the price of petroleum, diesel, jet fuel, gas and related products in Nigeria. The Centre, in a statement issued by its Chief Executive Officer, Dr Muda Yusuf, stated that the development would also have far-reaching implications for a floundering global economy.
Purported Pastor Adeboye’s social media ad on prostatitis fake, ARCON warns Nigerians

1 week ago | tribuneonlineng.com | Akin Adewakun

The apex regulatory body in the nation’s advertising sector, the Advertising Regulatory Council of Nigeria (ARCON) has warned on the series of advertisements being run on facebook, especially the one showing the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, advertising cure for prostatitis (prostate cancer) for Dr. Zayo Mokoena.
NIMN: Will AGM 2025 produce institute’s first female President?

1 week ago | tribuneonlineng.com | Akin Adewakun

The month of June holds its significance for practitioners in the nation’s marketing ecosystem. Every year, during the period, marketing professionals, under the aegis of the National Institute of Marketing of Nigeria (NIMN), converge to hold one of the most important events on the institute’s calendar, the Annual Marketing Conference and Annual General Meeting (AGM). Year 2025 is not going to be different.
SMEs: Nigeria yet to hit pre-COVID 45m mark -Eradiri, AAASME president

1 week ago | tribuneonlineng.com | Akin Adewakun

The President of All Africa Association for Small and Medium Enterprises (AAASME), Dr. Jasper Eradiri, has said despite showing some resilience, small businesses in Nigeria are yet to fully recover to hit the 45 million SMEs mark the country used to boast of pre-COVID. Eradiri stated this in an exclusive chat with the Nigerian Tribune in Lagos recently.
Be committed to proposed programmes, ongoing reforms, LCCI urges FG

2 weeks ago | tribuneonlineng.com | Akin Adewakun

The Lagos Chamber of Commerce and Industry (LCCI) has urged the federal government to remain committed to its proposed programmes and ongoing economic reforms to enable Nigerians to reap the benefits of democracy without further delay. The Chamber made the plea on Thursday while reacting to President Bola Tinubu’s Democracy Day Speech.
Why we now vet goodwill messages-Lekan Fadolapo, DG, ARCON

2 weeks ago | tribuneonlineng.com | Akin Adewakun

The Director General, Advertising Regulatory Council of Nigeria (ARCON), met with select brand journalists recently to discuss the state of advertising practice in Nigeria, the agency’s recent reforms and reasons behind its decision to now vet goodwill messages, hitherto excluded from the vetting list. AKIN ADEWAKUN brings excerpts from the session. OF what importance is the council’s recent victory at the court, where its rights to regulate advertising were reiterated?
Manufacturing: Litany of woes continue, as MAN says over 18,000 jobs lost in 2024

3 weeks ago | tribuneonlineng.com | Akin Adewakun

•767 manufacturing companies shut down as at 2023, •Costs of imported raw materials surged by 118% •Costs on alternative energy hit N1.11trn in 2024The challenges facing the nation’s manufacturing sector seem to be gradually taking their tolls on the economy. For instance, in Year 2024 alone, over 18,000 jobs were said to have been lost; with a total of 767 companies shut down, as at 2023, due to the nation’s hostile business environment.
AISOP: We’ve recorded over 75 per cent compliance -ARCON

3 weeks ago | tribuneonlineng.com | Akin Adewakun

•Vows to go after violators •To investigate 9Mobile’s N1bn advertising debtTHE Advertising Regulatory Council of Nigeria (ARCON), has said one of its reform instruments, the Advertising Industry Standard of Practice (AISOP), has recorded over 75 per cent compliance since its introduction in Year 2022.
Stop harassing us over unmet Forex Forward Obligations - Nigerian manufacturers tell banks

1 month ago | tribuneonlineng.com | Akin Adewakun

Manufacturers, under the aegis of the Manufacturers Association of Nigeria (MAN), have called on the nation’s commercial banks to stop harassing them over unmet foreign exchange (Forex) forward obligations. The association made the plea in a statement signed by its Director General, Segun Ajayi-Kadir, over the weekend.
LCCI, MAN decry 27.5% monetary policy rate

1 month ago | wp.me | Akin Adewakun

•It’s prohibitively high for private sector development, monetary policy not enough to address inflation —LCCI •Makes Nigeria 6th most expensive country to source creditThe Lagos Chamber of Commerce and Industry (LCCI) and the Manufacturers Association of Nigeria (MAN) have decried the current 27.5 per cent monetary policy rate, describing it as inhibiting private sector development.