Tell Magazine

Once a vibrant group and the driving force of the economy, the Nigerian middle class has been truamatised by various developments in the economy   For many Nigerians who pride themselves as members of the middle class, the reality on ground and recent reports suggest that the parameters to determine membership of that group would have to be redefined, or they might just be living a lie. Recently, Renaissance Capital, RenCap, an investment consultancy, noted that Nigeria’s middle class was growing based on the investment opportunities and favourable macroeconomic indices in the country. That conclusion was drawn by the International…

Automobile owners are in for a good after sales service experience as The Honda Place spreads its tentacles   There is no doubt that the growing automobile market in the country has thrown up the problem of quality after sales service. More often than not, automobile owners experience difficulties getting appropriate workshop to service their vehicles. Though automobile franchises are trying to provide such services, it has remained inadequate.   But for the users of the Honda brand, the search for this vital auto service may soon be over. Recently, The Honda Place, THP, owners of the Honda auto brand,…

Despite being acknowledged as Nigeria’s second largest revenue earner after oil and gas, the huge potential of the Nigerian maritime industry remains largely untapped due to a myriad of surmountable challenges   When, recently, South Korean group, Hyundai Heavy Industries, one of the world’s largest shipbuilders, signed an agreement to build a $7 billion, about N1.12 trillion, shipyard in Bayelsa State, South-south Nigeria, not a few operators and stakeholders in the maritime industry were ecstatic. To them, the development was unprecedented, given the sheer size of the investment. It was arguably Africa’s biggest foreign direct investment outside the oil and…

Riding on fresh funds by new foreign investors and aggressive management restructuring exercises, a number of hitherto moribund companies are on the rebound, promising to change the country’s manufacturing landscape   Turnaround or, if you like, transformation exponents would not have to go far in search of companies to convince Nigerians that it is possible to revive ailing or dead institutions. Take the case of the International Breweries, IB, Ilesa, Osun State, for instance. Before the company’s fortunes took a turn for the worse sometime in 2005, its production capacity stood at a staggering 500,000 hectolitres, hl, per annum. The…