Showing posts with label Market. Show all posts
Showing posts with label Market. Show all posts

Tuesday, August 23, 2022

The Big 5 Construct Nigeria Paves the Way for Industry Growth


The Big 5 Construct Nigeria Paves the Way for Industry Growth

Leading trade show underpins the advancement of the Nigerian construction industry

  • Nigeria is the number one construction and infrastructure market in West Africa 
  • The Nigerian government has allocated $123.1 billion for critical infrastructure projects between 2021 and 2025 
  • The Big 5 Construct Nigeria is the country’s largest gathering for the construction and infrastructure community, expecting exhibits from over 130 international and local construction products, services and technology companies.

Lagos, 23 August 2022:  At The Big 5 Construct Nigeria, taking place between 27 and 29 September 2022 at the Landmark Centre in Lagos, leading industry buyers and sellers from Africa and beyond will come together to promote innovation, share cutting edge knowledge, and accelerate business, in a safe and convenient environment.  

Following the disruptions forced on the construction industry in recent years due to the pandemic, latest forecasts predict industry growth of 5.7% in 2022, and suggest that construction activity in Nigeria will surpass pre-COVID levels by 2023. This growth is supported by the Nigerian government’s investment in infrastructure and housing development projects, with $123.1 billion allocated for critical infrastructure projects between 2021 and 2025.

“Launched in 2019, The Big 5 Construct Nigeria is now earmarked as the yearly gathering of construction professionals to engage both with the local and international community, as a place to source, learn and develop new skills. By bringing together experts and suppliers from around the world to engage with the local construction community, the event plays a direct role to support the needs of the country's infrastructure and housing development projects,” says Ben Greenish, Senior Vice President, dmg events. 

From building materials and tools, interiors and finishes, to solar and urban design landscaping, the products and services on show will cover the full construction cycle from inception to completion, from leading companies such as Forero Nigeria Limited, Sana Grup and Kohler. In addition, for the first time, the expo will also showcase four new international pavilions from Saudi Arabia, Qatar, Egypt and Kuwait.

Gold sponsor of the event is CDK Integrated Industries, local manufacturer of premium quality sanitary ware, as well as ceramic and porcelain tiles. The company’s outlook for the future of Nigeria’s construction industry is extremely positive. “As a result of to the Federation Government’s import policies, as well as dollar rationing and the impact of Covid on export, logistics and production costs, CDK has experienced considerable growth of over 65% in the last two years,” says CDK Brand and Marketing Manager, Abimbola Onagbade.  

Over and above the wealth of products and services on show from local and international exhibitors, visitors to the 3-day in-person event will have the opportunity to learn valuable industry insights when they attend a series of CPD-certified talks, featuring keynotes and panel discussions led by notable industry experts that address the challenges of construction and explore the key components for practical growth and prosperity.

The 3-day Industry Talks programme will focus on three core themes of technology, project management and architecture, and will include discussions on the trends and opportunities driving the ongoing digital transformation across Nigeria, as well as green architecture and project cost control budgeting. In addition, several masterclasses will be offered by the Chartered Institute of Building, such as sustainable project management implementation, the redesign of streets in African cities and tips to building sustainability credibility. 

“The Big 5 Construct Nigeria continues to propel change and is a must-attend event for buyers and brands across Sub Saharan Africa who are looking to be inspired by other trend-setters and innovators within the industry,” concludes Greenish.

The Big 5 Construct Nigeria will take place at the Landmark Centre in Lagos from 27-29 September 2022, from 10:00 – 17:00 daily and is free to attend for all industry professionals.

For more information or to register, please visit:  https://www.thebig5constructnigeria.com

ENDS

About The Big 5 Construct Nigeria


The Big 5 Construct Nigeria is a unique platform bringing together influential decision-makers, innovators, and suppliers from the region and beyond. The event offers visitors a opportunity to connect with 8000 of their industry peers, find the right products & solutions from over 120 international and local exhibitors and earn free CPD points through a curated talks programme.

For more information, please visit our website: www.thebig5constructnigeria.com 

About dmg eventsv

dmg events is a leading organizer of face-to-face events and a publisher of trade magazines.

The company aims to keep businesses informed and connect them with relevant communities to create vibrant marketplaces and to accelerate their business through face-to-face events.

dmg events organizes more than 80 events across 25 countries, attracting over 425,000 attendees and delegates every year. The company’s portfolio of products includes many industry-leading events in the energy, construction, hospitality & design, coatings, and transportation sectors. ADIPEC, The Big 5, Gastech, EGYPS, The Hotel Show and INDEX are the company’s flagship events. 



Sunday, April 25, 2021

Adonko Alcoholic Bitters Bounces Back, Fetes Distributors

Adonko Alcoholic Bitters Bounces Back, Fetes Distributors

- By Ingram Osigwe 

It was a twin event Thursday, 22nd April 2021, at the cosy   Santiago Milano Hotels & Suites Amuwo- Odofin, Lagos, when Angel Group of companies, makers of the popular Adonko Bitters flew in from the Group's base in Ghana to meet with their loyal distributors and customers in Nigeria who have over the years ensured that the brand was never absent from shops and shelves in the country.

The Adonko makers also used the opportunity to announce the rebranding of the Bitters.

Notedly, Adonko is the favourite  Bitters among Bitters lovers in Nigeria because of its unique taste, quality and its natural ingredients content.

Stakeholders present at the event agreed that Adonko remains the Bitters to beat.

Mr.Samuel Kofi Acheampong,  son of Adonko Founder and Chief Executive Officer of Angel Broadcasting Network and Group Managing Director of the Angel Group, Ghana, thanked distributors, consumers and everyone that have kept faith with Andoko all these years

He told distributors that they would be rewarded with mouth- watering incentives to further encourage them.

Acheampong apologised for the breakdown in supply chain and logistics, saying it was caused by the global COVID-19 pandemic and the prolonged border closure in Nigeria.

He was full of effusive praises for Angel's Nigerian partners and holder of sole franchise for Adonko Bitters in the country, the Ekulo Group of companies, for keeping the brand's flag flying in Nigeria.

The Ekulo Group was represented at the event by its General Manager, Mr. Joseph Okonkwo.

Okonkwo commended the distributors for their loyalty and steadfastness despite the harsh economic realities, and for keeping a date with the epochal event.He promised that the Ekolu Group will do its best to reset the supply chain by eliminating the various bottlenecks militating against smooth delivery of the brand.

On his part, Mr. Vincent Opare, Marketing Director of Adonko Bitters pledged to open a communication and feedback channel between the company and the distributors in order to be constantly abreast of their concern.

Mr. Ingram Osigwe, Managing Director and Chief Executive officer of Fullpage Communications, the Advert Agency for Adonko, disclosed that his agency was poised for a mind blowing but creative advert and awareness strategies that will ensure that the brand gets to the nooks and crannies of Nigeria and also counter demarketing schemes of competitors.

As a way of showing gratitude to the distributors, each of them went home with either deep freezer or refrigerator.

The event attracted distributors and consumers of Adonko across the country.

The ambience was gay and enchanting as there were alot of sumptuous meals and choice wines which flowed endlessly.

The country Manager of Adonko, Mr. Ernest Brobbey who gave the votes of thanks told the distributors that he would always be there to cater for their needs and get the necessary feedback.



Thursday, May 28, 2009

$20 Billion of Oil and Gas Deals Currently on the Market

28 May 2009 16:00 Africa/Lagos


$20 Billion of Oil and Gas Deals Currently on the Market

Derrick Petroleum Services Completes Special M&A Study

HOUSTON, May 28/PRNewswire/ -- Derrick Petroleum Services ("Derrick") has completed a comprehensive study of the Top 1000 global oil and gas companies and identified in excess of $20 billion of oil and gas assets currently for sale worldwide, consisting of 69 separately announced transactions. The study focuses on deals with an estimated value greater than $10 million.

North America leads the inventory with over $9 billion (or roughly 45% of value); followed by Africa (22%) with the North Sea, Rest of Europe, South America, Asia, Australia and Middle East rounding out the pack with deals valued at between $500 million to $1.5 billion.

In North America, the most prized deal is the multi-billion dollar interest Devon Energy is offering in its four discoveries (Kaskida, Cascade, Jack and St. Malo) in the emerging Lower tertiary trend in the deepwater Gulf of Mexico. Onshore resource style plays (shale gas and oilsands) remain quite active. Notably, Shell and EnCana are looking for a partner to develop 30,000 acres of exploration leases in the Haynesville shale gas play of north Louisiana and east Texas. In Canada, UTS Energy rejected the revised $677 million cash bid by Total E&P Canada in April as inadequate and continues working with its financial advisors, RBC Capital and TD Securities, to maximize shareholder value. UTS Energy has 1.7 billion barrels of net contingent bitumen resources in the Athabasca Oil Sands area of Alberta.

Internationally, Africa is exciting with numerous deals. In Ghana, two partners have put interests on the market in the world class offshore Jubilee field (estimated 1.2 billion barrels equivalent of gross recoverable reserves). Other deals are available in Uganda, Angola, Kenya, Egypt, Cote D'Ivoire, Nigeria, Gabon, Cameroon and Namibia. In other parts of the world, significant deals in play include development projects in the Kurdistan region of Iraq, which now has an improving political and security environment. In Indonesia, BP is seeking to harvest its 46% interest in the prolific Offshore North West Java block, which includes 670 producing wells, 170 platforms and 1,600 km of subsea pipelines. Chevron has retained Scotia Waterous to sell its interest in 13 separate concessions in the Austral and Nequen basins of Argentina which were producing nearly 4,500 b/d of gross oil and 54 MMcf/d of gross gas in late 2008. In Australia, Woodside Petroleum has put its Otway project, offshore Victoria, on the market.

"Due primarily to the whipsaw in oil and gas prices over the past 12 months, our analysis highlights an unusually high quality and diverse set of world class opportunities, particularly for well-heeled buyers seeking long term assets in early stage development," according to Yashodeep Deodhar, CEO of Derrick Petroleum Services. "These are not distressed assets put on the market by distressed companies. Quite the contrary, we have identified numerous opportunities by first class operators who are simply managing their forward risk profiles and laying off a portion of development capital. We foresee the recent trend of national oil companies (NOCs) and government backed oil companies dominating the buy side to continue."

In completing the study, Derrick also reviewed past M&A activity and trends. "In contrast to the first half of 2008 where seven of the top ten buyers were western companies; so far this year, only three of ten buyers are western. Buyers of significant deals have recently been mostly NOCs and government-backed companies such as IPIC (Abu Dhabi), CNPC (China), KNOC (Korea) and Ecopetrol (Colombia)," according to Deodhar.

"In addition to tracking deal activity, value trends regionally and globally, and deals in play, we also continuously monitor companies with financial dry powder and a desire to do more deals. Currently, notables on this list include Norway's StatoilHydro, Colombia's Ecopetrol, China's Sinopec, France's Total, United States' Apache Corporation and Canada's Talisman Energy. These companies alone have over $20 billion of capability," concludes Deodhar.

Derrick Petroleum Services is an independent oil and gas research and consulting firm. Its team of twenty analysts maintains Upstream Oil and Gas activity databases for a global client base. The Company's databases have worldwide coverage, with special emphasis on emerging plays and international transactions. The Company maintains sales offices in Houston and London.

For more information:

Additional information regarding Derrick Petroleum Services and its products is available on the Company's website at http://www.derrickpetroleum.com.

For further details of the study, kindly email info@derrickpetroleum.com.


Per:
Yashodeep Deodhar
CEO
Derrick Petroleum Services
info@derrickpetroleum.com


Source: Derrick Petroleum Services

Per: Yashodeep Deodhar, CEO, Derrick Petroleum Services, info@derrickpetroleum.com; Media Contact: Brian Lidsky, Vice President - North American Sales, Tel: +1-832-715-3539

27 May 2009
11:00 Bristow Acquires 42.5% of Lider, Brazil's Largest Helicopter Services Company
26 May 2009
13:00 TED Conferences Announces 25 TED Fellows for TEDGlobal in Oxford
22 May 2009
15:31 New Initiative Poised To Reduce Maternal Mortality Rates By More Than 25 Percent
13:58 China Dominates the Global Aluminium Industry
12:00 Bristow Group Announces Preferred Dividend