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Some participants at the event

In adjustment for brands in the country to attempt globally, it is acute that they be fabricated to actualize exciting, abiding acquaintance in the minds of consumers through innovation. This was the appearance of the CEO of TOP 50 Brands Nigeria 2017, Mr. Taiwo Oluboyede, said while speaking at the actualization of Nigeria’s Top 50 Brands.

Oluboyede acclaimed that cast is about the consumer’s experience, adding, “Any cast can accomplish promise. However, the absolute name or description of the cast in the apperception of the admirers is his or her experience. If consumers apperceive a brand’s affiance is empty, they will aloof belittle at the abstract amid the bulletin and the absolute chump experience.

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“A affiance delivered earns disinterestedness and connected disinterestedness agency cast healthiness, which ultimately sustains the aggregation overtime. Regardless of your huge media budget, if you abort to bear on the promise, your amount depreciates and this affects the bottom-line. So, a cast charge consistently acquisition a way to accompany its bulletin to the chump experience.

“Brands are able drivers of best and access the decisions we accomplish as consumers, employees, business accommodation makers, and investors. It has become one of the best admired assets of a company. Strong brands actualize loyalty, advice companies allure and absorb talent, drive aggressive advantage, and alike abate business risk.”

On Top 50 brands Nigeria 2017, he said they are brands that accept been able to acclimate the storms in the accomplished year, accomplishing advance in a recession, with bigger compassionate of the market, accept aggressively formed appear affair the apprehension of the actual acute consumers, carrying on their promises and abounding accepting disinterestedness in the bosom of the difficult times.

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“At Top 50 Brands Nigeria, we evaluate, amount and bless top accumulated brands that accept consistently maintained administration positions in their categories, active up to their promises,” he said. “We use the Cast Backbone Measurement (BSM), a distinctively advised archetypal that takes basic, qualitative elements to actuate cast appraisal and strength. The archetypal checks consumer’s ability of a brand, application the top on the apperception survey. It’s abundantly empiric that consumers were able to anamnesis brands they chronicle with often, whose product/services they additionally use. The factors we advised were Cast Popularity: Class Leadership, Innovation: Quality Element: Online Engagement National Advance and Accumulated Social Responsibility.”

50 per cent of the Top 50 brands are said to be home-grown, and, according to Oloyede, it is the accomplished cardinal anytime recorded back 2013, noting, “This shows an advance in achievement amid civil brands, decidedly in the bosom of a adverse recession, which the country aloof got out from. Abounding of these brands accept alike advance to added African countries and above such as Dangote, GTBank, Aboriginal Bank, Zenith, Gobacom, UBA, etc.”

Telecoms giant, MTN Nigeria, emerged as the best admired in the anniversary appraisement with 80.4 point, a 7.1% abridgement from the almanac 86.1 aftermost year. Dangote is Best Admired Nigerian Brand. It had a almanac jump amid the top 10 brands, jumping bristles places to appear the additional position.

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GTBank led the cyberbanking area amid the Nigerian brands. Channels Television and Shoprite fabricated the account for the aboriginal time. Union Coffer of Nigeria emerged the accomplished gainer this year, jumping 25 places to appear on the 23rd position as against to its 45th aftermost year. Added top gainers are Access Bank, which was in 24th places, and now on 16th position. Diamond coffer additionally acquired 19 places, now on the 27th position and Olam accepted by 12 and emerged 38th position. Cyberbanking and Financial Services took 20 per cent of the top brands, amounting to 10 brands.

Consumers acceptable had eight entries this year. Dufil Prima, makers of accepted Indomie and Power oil, led the area in this year’s rating, carefully followed by Nestle. Food & Beverages had six entries, led by Coca-Cola Nigeria, which came additional on the top 50 table. Conglomerate had six entries, the accomplished back 2013. Oil and gas class was led by Total. However, three of the six listed oil and gas brands in the top 50 table are Nigerian brands.



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