News
Samsung Arms Talents in Fashion Industry
Samsung Electronics, in furtherance of its commitment to facilitating economic growth and development in Nigeria says it is offering five young, ‘up-and-coming’ Nigerian fashion designers an opportunity to showcase their designs at the upcoming launch of its flagship Galaxy S4 smartphone.
The world’s largest maker of mobile handsets, through its ‘Galaxy S4 Design for Life’ initiative, a programme aimed at harnessing and promoting local talent in the fashion industry, Samsung is providing young talents access to skills, training and support that are pivotal to ensuring that they achieve both commercial and creative success.
Participants in the programme were required to submit evening wear design proposals for Samsung Brand Ambassadors, Kate Henshaw and Banky W via Samsung’s website.
Of the submissions received, 18 entries were initially chosen by a panel of fashion experts including brand ambassador, Kate Henshaw, chief executive officer of Beth Model Management Africa, Mrs. ElohorAisien; Creative Director of CLAN, Ms. TeniSagoe and Hakeem Balogun of Kimono Kollection.
A second and final selection process took place in Ikoyi, Lagos, on Saturday, April 20, 2013, with five lucky designers emerging as winners of the competition.
The five finalists will be given the opportunity to present their collections to buyers, consumers, the media and the general public at the launch of the Samsung Galaxy S4 in Lagos on Friday, May 10, 2013.
Mr. Emmanouil Revmatas, Samsung Electronics West Africa’s Business Head for Hand Held Products, described the programme as an avenue for the company to provide emerging stars in Nigeria’s fashion industry with the much-needed pre-requisites for success, including publicity, mentoring services and networking opportunities.
“At Samsung, we are committed to providing an enabling environment for Nigerian youths to pursue their dreams and passions, as we believe that this would help to unlock the country’s huge economic potential. We are very proud to support Nigeria’s growing fashion industry with our ‘Galaxy S4 Design for Life’ programme,” he said.
In addition to providing the five finalists with the opportunity to showcase their collections at the launch of the Galaxy S4, Samsung also organized a workshop on Sunday April 21 to enrich and expand the overall fashion experience of the participants in the programme.
The workshop encompassed training and mentoring by fashion icons TeniSagoe and Hakeem Balogun, as well as networking opportunities to equip the emerging, creative talents with the necessary tools for launching and managing a fashion business.
Also speaking, Ms. OlajumokeOkikiolu, Samsung Electronics West Africa’s Marketing Manager for Hand Held Products, said, “The new Samsung Galaxy S4 smartphone is a combination of innovation, class, style and beauty; and what better way to launch it into the Nigerian market than to showcase Nigerian designers’ sense of style and creativity. We are happy to support this very important initiative because we value every opportunity where we can contribute to the community; it is more so for this programme because it is a sustainable one.”
“We are also happy to be promoting and cultivating local talents while simultaneously providing avenues for them to become productive and responsible members of the society. Who knows, the next big name in the global fashion scene might come from Nigeria and might have been discovered from participation in this programme,” Okikiolu added.
The “Galaxy S4 Design for Life” initiative is one of several community development projects undertaken by Samsung Electronics West Africa over the past few years, as part of its corporate social investment initiatives.
Other projects include the Samsung-Chelsea FC ‘Dream the Blues’ Youth Football Clinic, an expansion of Samsung – Chelsea FC Youth Football Camp programme, which has already benefitted more than 5,000 children across the world and the company’s construction of its Engineering Academy in Lagos and Ekiti States, with a view to developing 10,000 electronics engineers across the continent by 2015.
News
Court Affirms FCCPC Authority over Consumer Protection

Federal High Court in Abuja has upheld Federal Competition and Consumer Protection Commission’s (FCCPC) authority to investigate consumer complaints and enforce regulatory oversight in Nigeria.

Tunji Bello, EVC/CEO, FCCPC
In a statement signed by Ondaje Ijagwu, director, Corporate Affairs, the Commission said that in the judgment delivered by James Omotosho on April 20, 2026, the court dismissed a suit filed by Air Peace Limited challenging the Commission’s statutory powers.
The ruling affirmed the Commission’s mandate under the Federal Competition and Consumer Protection Act, 2018 to “receive complaints, assess matters brought before it, and take appropriate lawful steps, including investigation where necessary.”
Reacting to the decision, Tunji Bello, executive vice chairman and chief executive officer of the Commission, said; “the judgment reinforces the importance of regulatory oversight in safeguarding consumers and ensuring fair market practices.”
Bello explained that the case stemmed from complaints involving “unrefunded ticket fares, cancelled flights, and other service concerns affecting passengers.”
Bello stressed that consumers who pay for services are entitled to fair treatment, transparency, and redress in accordance with applicable law.
He also said that investigations conducted by the Commission are administrative processes aimed at establishing facts.
“It does not amount to a finding of liability or wrongdoing,” he said.
The FCCPC boss further reiterated the agency’s commitment to due process and constructive engagement with businesses, noting that the Commission would continue to operate in a “fair, professional, and transparent manner.”
Bello also urged companies operating in Nigeria to cooperate with lawful regulatory procedures and strengthen internal complaint resolution mechanisms to address consumer grievances promptly.
The Commission said it will continue to act within its statutory mandate to protect consumers, promote competitive markets, and build confidence in key sectors, including aviation.
News
UK-Nigeria Trade Mission Builds on State Visit Momentum to Drive Commercial Outcomes

Underscoring the strength of the UK-Nigeria strategic partnership, the UK has completed its first trade and investment mission to Nigeria since the recent State Visit, focused on turning high‑level agreements into practical commercial opportunities for businesses in both countries.

Supported by the UK Department for Business and Trade and delivered by DMA Invest in partnership with the Nigeria Investment Promotion Council (NIPC), the 2-day trade mission brought together 43 delegates from 30 British companies to build partnerships, deepen commercial engagement and pursue new opportunities across priority sectors with their Nigerian counterparts.
With trade between both countries now at a record £8.1 billion, and Nigeria established as the UK’s largest export market in Africa, the mission highlighted where UK expertise can add the more value to Nigeria’s reform‑driven economy.
Opportunities discussed spanned key sectors such as infrastructure; energy and power; water, environment and climate solutions; agriculture; finance and professional services; testing and certification standards; logistics and supply chains; and technology, including education, aviation and communications.
These sectors align closely with the priorities set out under the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP) and reflect areas where UK capability, high standards and long‑term partnership approaches are well matched to Nigeria’s evolving market needs.
The mission also focused on challenging outdated perceptions of Nigeria, highlighting its shift towards a high‑potential, reforming economy, and energising businesses around new commercial opportunities supported by an improving macroeconomic outlook.
It encouraged UK and Nigerian firms to recognise complementary strengths and pursue new partnerships, reinforcing the message that both countries are open for business and natural partners for growth.
Dr Richard Montgomery, British High Commissioner to Nigeria, said: “This trade mission is a clear signal of intent. As the first UK business delegation to Nigeria since the State Visit, it shows how we are turning strong political alignment into real commercial action and long‑term partnerships for businesses in both countries.
“By bringing together UK companies and Nigerian partners across priority sectors and working closely with DMA Invest and the Nigeria Investment Promotion Council, we are backing ambition with delivery and making clear that the UK is committed, engaged and ready to do business with Nigeria for the long term.”
Aisha Rimi, Chief Executive Officer, Nigeria Investment Promotion Commission, said: “This trade mission represents a timely and strategic step in translating the renewed momentum from the UK–Nigeria State Visit into tangible investment outcomes for Nigeria. At the Nigeria Investment Promotion Commission, we are focused on facilitating partnerships that align with our national priorities and unlock value across key sectors of the economy.
The strong interest from UK companies reflects growing confidence in Nigeria’s reforms and its position as a leading investment destination in Africa. We remain committed to working closely with our partners to ensure that these engagements result in sustainable investments, job creation, and inclusive economic growth for both countries.”
Ronald Chagoury Jr. Vice-Chairman of Hitech and ITB, said: “As long-standing investors and operators in Nigeria’s infrastructure sector, Hitech and ITB are proud to support this UK–Nigeria Trade Mission and its focus on delivering tangible commercial outcomes.
“The successful close of a $1 billion ports transaction, backed by UK Export Finance, reflects both our execution capability and the strength of international partnerships when aligned with national priorities. We see this as a pivotal step in advancing Nigeria’s port infrastructure and a strong signal of confidence in the country’s reform agenda under the Renewed Hope framework.”
Atam Sandhu, Chief Executive, DMA Invest, said: “This UK–Nigeria Trade Mission demonstrates the value of bringing government, investors and delivery partners together in a structured, deal-focused environment. Our role is to convene the right stakeholders and translate strategic alignment into practical commercial outcomes.
The quality of engagement across infrastructure, energy, finance and related sectors reflects the depth of opportunity in Nigeria and the UK’s commitment to long-term partnership. We are proud to have supported this mission alongside the UK Department for Business and Trade and NIPC, and to help accelerate conversations that move projects closer to investment and delivery.”
All 43 delegates from 30 British companies participated in the UK-Nigeria Business Forum alongside senior representatives from the UK and Nigerian Governments, Nigerian businesses and the wider private sector.
The forum provided a platform for direct engagement with Nigerian companies, practical discussions, relationship‑building and the exploration of new partnerships aligned with Nigeria’s reform‑driven priorities.
This mission marks an important step in deepening the UK-Nigeria economic partnership. By strengthening relationships, building confidence and supporting deal‑making, it ensures that the momentum from the State Visit continues to translate into sustained commercial outcomes, long‑term investment and shared growth.
News
Cabinet Shake-Up: President Bola Ahmed Tinubu Replaces Wale Edun, Ahmed Dangiwa

President Bola Ahmed Tinubu has approved a minor reshuffle of the Federal Executive Council, removing the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of Housing and Urban Development, Ahmed Dangiwa, from their positions.

: President Bola Ahmed Tinubu
This is contained in a statement issued on Tuesday by Mr Yomi Odunuga, Special Adviser, Media and Publicity to the Secretary to the Government of the Federation (SGF).
Odunuga said the directive was conveyed through a memo signed by the SGF, George Akume.
According to the memo, Mr Taiwo Oyedele has been appointed as the new Minister of Finance and Coordinating Minister of the Economy.
It also named Dr Muttaqha Darma as Minister-designate for Housing and Urban Development.
The statement directed the outgoing ministers to commence immediate handover processes to their successors or designated supervising officials.
It added that all handover and takeover activities must be concluded on or before the close of business on Thursday, April 23, 2026.
The reshuffle is part of ongoing efforts by the administration to strengthen governance and improve service delivery across key sectors of the economy.
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