Denemek ALTIN - Özgür

Culture Must Drive Modern Marketing – Fasakin

The Business NG

|

The BusinessNG

Executive Chairman of CMRG Limited and former President of the Nigeria Market Research Association (NIMRA), Lanre Fasakin, has emphasized that culture is inseparable from marketing, especially in the evolving landscape of consumer engagement.

Fasakin made this assertion on Friday while delivering a paper titled "How Brands Can Co-create with Consumers: The Human-Centric Design Approach" at the maiden edition of the NIMRA International Conference 2025, held in Lagos. The four-day hybrid summit was themed "Beyond the Horizons: AI and the New Frontiers."

According to him, understanding the cultural context of consumers is essential to developing marketing strategies that resonate and drive behavioral change.

"Culture is a reflection of who you are. No one is more of an expert on your affairs than you. For a marketing strategy to influence behavior, it must align with a person's identity and environment. That's why culture and marketing are inseparable," Fasakin said.

The Business NG'den DAHA FAZLA HİKAYE

The Business NG

POS Operators in CAC Registration Row

The Association of Mobile Money & Bank Agents in Nigeria (AMMBAN) has clarified that its members do not require Corporate Affairs Commis-

time to read

1 min

BusinessNg

The Business NG

PwC Warns 141m Nigerians May Fall into Poverty by 2026

Poverty in Nigeria is expected to worsen significantly, with an estimated 141 million people—about 62% of the population—likely to live in poverty by 2026, according to PwC's Nigeria Economic Outlook 2026: Turning Macroeconomic Stability into Sustainable Growth.

time to read

1 min

BusinessNg

The Business NG

Over 93% of Nigeria's Cash Circulates Outside Banks - CBN

Nigeria's cash economy remained overwhelmingly dominant in 2025, with the majority of physical currency continuing to circulate outside the formal banking system, according to the Central Bank of Nigeria's (CBN) latest money and credit statistics.

time to read

1 min

BusinessNg

The Business NG

229 Bank Branches Shut in One Year as PoS Transactions Rise

Nigeria's banking industry is accelerating its transition toward digital and agent-based services, with 229 physical bank branches shut across the country within one year as customers increasingly embrace Point of Sale (PoS) terminals and other electronic payment channels for everyday transactions.

time to read

1 min

BusinessNg

The Business NG

Resident Doctors Set to Resume Nationwide Strike January 12

Resident doctors across Nigeria have announced plans to resume a nationwide strike on January 12, 2026, following what they described as the Federal Gov-

time to read

1 min

BusinessNg

The Business NG

FG Drops Criminal Case Against Senator Natasha Akpoti-Uduaghan

The federal government has formally withdrawn the criminal charge it instituted against Natasha Akpoti-Uduaghan, the sena-

time to read

1 min

BusinessNg

The Business NG

PMI Survey Shows Nigerian Private Sector Poised for Growth Amid Cost Pressures

Nigeria’s private sector is showing strong signs of resilience, with business sentiment reaching a six-month high at the end of 2025, according to the latest Stanbic IBTC Bank

time to read

1 min

BusinessNg

The Business NG

Foreign Investors Eye Undercapitalised Nigerian Banks Amid CBN Clampdown

Nigeria's banking sector is at the center of an intense recapitalisation drive as the Central Bank of Nigeria (CBN) tightens enforcement ahead of the March 31, 2026, compliance deadline.

time to read

1 min

BusinessNg

The Business NG

Lawyers Invoke FOI Act to Demand Disclosure of FIRS-France Tax Agreement

A civil society organisation, Lawyers for Civil Liberties, has invoked the Freedom of Information (FOI) Act to request access to the mem-

time to read

1 min

BusinessNg

The Business NG

Tinubu to Present N54 Trillion 2026 Budget to National Assembly Today

President Bola Ahmed Tinubu will on Friday (today) present the 54 trillion 2026 budget to a joint session of the National Assembly.

time to read

1 min

BusinessNg

Listen

Translate

Share

-
+

Change font size