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Philips Consulting CEO’s Report exposes real estate industry’s worst fears

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About 84 per cent of chief executive officers in Nigeria have agreed that the real estate industry in Nigeria is plagued due to the pandemic, especially, companies in the business of office rentals. This revelation is contained in the recently published CEO Report, a Philips Consulting initiative for 100 Nigerian business leaders.

The pcl. CEO Report further stated that 83percent and 55 percent of CEOs have adopted a ‘Work From Home Strategy’ and ‘Standby Model Strategy’ respectively, and are beginning to question the need for large office spaces.

“Only 46 per cent CEOs are considering retaining their current offices, while others will seek smaller and cheaper offices, shared offices, or adopt an entirely virtual working model,” added the Report.

 In commercial cities like Lagos where massive high-rise office complexes are commonplace, real estate players must be ready for a shift in demand. They might be forced to repurpose their buildings or provide new services to suit the new mode of work, the Report recommended.

The pcl. survey that recently engaged 100 Nigeria business leaders on the current economic landscape and presented the insights in its “CEO Report” said, “One word that best describes today’s business environment is “uncertain”. The ‘new normal’ occasioned by the effects of the Coronavirus pandemic is gradually fading away and being replaced by what is termed the ‘next normal’.

Amidst the frenzy of realigning strategies to better position businesses for recovery after the pandemic, the Philips Consulting’s CEO, Rob Taiwo mentioned that “We have been hit with the harsh reality that the Coronavirus might be here to stay. There is no going back to normal; instead, we have a next normal that is unpredictable.”

He said, the conversation to be had now is how to prepare for a future full of unknowns. 

Speaking on which industries benefit from the crisis, Taiwo, a transformational leader said, “Globally, the IT sector experienced a surge in the wake of the pandemic, as a result of the shift to remote working. This resulted in a heavy reliance (or dependence) on IT products for both personal and business purposes. 

Nigeria is no exception, he stated, “From our survey, 86 per cent of CEOs reported that the pandemic led to them improving the IT infrastructure of their organizations. Our respondents predict that Nigeria’s healthcare, agribusiness, and manufacturing industries stand to benefit from the next normal.”

“They expect the professional services industry to experience comparatively minimal disruption. This is primarily due to their vast array of services, relatively low operational expense, lean and agile business model, and legacy clients.”

On the levels of preparedness for the pandemic, the Report said, only 6 per cent of CEOs reported that their organizations were prepared for the pandemic. Hence, it comes as no surprise that 55 per cent of Nigerian businesses are currently operating below 50 per cent of their operating capacity.

The 6 per cent mentioned above stated a strong leadership team as the most critical factor of their preparedness. Other important factors include having a robust business continuity plan, government support, and a well-articulated business strategy.

On forging ahead into the next normal,  the CEOs Report revealed that 57 per cent of CEOs expect that the earliest possible time for the business environment in Nigeria to normalize will be August 2021.

CEOs are increasingly taking responsibility for their companies, and are not necessarily looking up to the government for solutions to the problems occasioned by the pandemic. As against the 79 per cent of CEOs that voted in the 2019 general elections, only 67 per cent of CEOs reported that the pandemic would make them more interested in the outcome of the 2023 election.

Taiwo said, “Results from our survey showed that the Nigerian government and business leaders should pay close attention to the post-COVID19 policies and strategies of the United Kingdom, China, and the United States of America as these will have the most profound impact on the Nigerian business environment.

“At pcl., we are committed to working with our clients and partners to build and develop people’s capabilities, technology systems and processes, effective and robust strategies, and business continuity plans. Let us work with you to future proof your business in the next normal.”

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Kevin David Kaydee Releases Inspiring Single “Oluwa Settle Me”

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Kevin David Kaydee Releases Inspiring Single “Oluwa Settle Me”

Kevin David Kaydee Releases Inspiring Single “Oluwa Settle Me”

Rising music artist Kevin David Kaydee has released a powerful new single titled Oluwa Settle Me, a soulful Afro-inspired anthem that blends heartfelt prayer with modern rhythm.

 

“Oluwa Settle Me” captures the everyday cry of many believers seeking breakthrough, peace, and divine favour. With emotionally rich melodies and uplifting instrumentation, the song expresses a sincere plea to God for complete answers to life’s pressing questions—career, destiny, relationships, and spiritual fulfilment.

 

Kevin David Kaydee Releases Inspiring Single “Oluwa Settle Me”
Drawing from Afrocentric sounds and contemporary gospel influences, the track stands out for its simplicity, sincerity, and spiritual depth. Kevin David Kaydee delivers the message with passion, creating a worshipful atmosphere that resonates across age groups and cultures.

 

The song’s message of hope and dependence on God positions it as more than just music,it is a prayer set to melody. By fusing spirituality with modern lifestyle rhythms, “Oluwa Settle Me” reflects the growing wave of gospel music that speaks directly to real-life struggles while pointing listeners back to faith.

 

As gospel music continues to evolve across Africa and beyond, Kevin David Kaydee’s latest release reinforces music as a powerful tool for encouragement, reflection, and spiritual connection.

 

“Oluwa Settle Me” is now gaining attention among gospel music lovers for its relatable message and soulful sound, marking another significant step in the artist’s growing musical journey.

https://ditto.fm/oluwa-settle-me

https://ditto.fm/oluwa-settle-me

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Another Feather for Nollywood Icon Fidelis Duker

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**Another Feather for Nollywood Icon Fidelis Duker

 

*Lagos, Nigeria* — In a remarkable celebration of artistic achievement, renowned Nollywood figure Fidelis Duker received yet another prestigious accolade last weekend, solidifying his role as a key player in the growth of the Nigerian and African film industries. The award was presented in a ceremony held at Duker’s Lagos office by esteemed film and theatre director, Mr. Alex Eyengho, founder of the Warri International Film Festival, alongside Marketing and Strategy Director, Mrs. Matel Eyengho.

The recent recognition builds upon Duker’s previous achievement at last year’s ECOFEST in Dakar, where he was honored with a Lifetime Achievement Award. This latest accolade is a testament to his unwavering dedication and substantial contributions to the cinematic landscape.

“I am truly humbled by this recognition,” Duker expressed during the event. In his speech, Alex Eyengho lauded Duker’s pioneering efforts in establishing significant film festivals in Nigeria, particularly the Abuja International Film Festival, which has played a vital role in promoting local talent and storytelling.

Eyengho emphasized, “Fidelis has not only paved the way for emerging filmmakers but has also helped elevate Nigerian cinema on the global stage. His creative vision and commitment inspire all of us in the industry.”

As Duker reflects on this honor, he acknowledges the importance of teamwork and collaboration in achieving success. “This acknowledgment reaffirms to my team and me that our work is being observed, and it motivates us to continue contributing to the development of our sector,” he stated.

With numerous projects on the horizon, Duker remains a relentless advocate for the growth and recognition of African cinema. His latest recognition is yet another testament to the vibrant and evolving landscape of Nollywood, as industry leaders like him continue to inspire future generations.

As the film industry anticipates the next phase of development, Duker’s continued influence signals a promising future for filmmakers in Nigeria and across the continent.

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E‑Money’s Grand Gesture: A Closer Look at the SUV Gift to Chinedu “Aki” Ikedieze

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E‑Money’s Grand Gesture: A Closer Look at the SUV Gift to Chinedu “Aki” Ikedieze

By George Omagbemi Sylvester | Published by SaharaWeeklyNG

 

“Public Generosity, Celebrity Loyalty and the Symbolism of Wealth in Nigeria’s Entertainment Elite.”

 

On Tuesday, February 17, 2026, Nigerian billionaire and entrepreneur Emeka Okonkwo, widely known as E‑Money, once again captured national attention with a lavish and highly publicised act of generosity, gifting a brand‑new 2024/2025 Ford SUV to veteran Nollywood actor Chinedu Ikedieze, affectionately called Aki, during his high‑profile birthday celebration.

 

The event, held in Lagos amidst a constellation of entertainers, business figures and socialites, was itself part of an annual tradition in which E‑Money marks his birthday (on February 18) with large‑scale giveaways and spectacular shows of material philanthropy. This year, he announced the gift of over 30 cars to friends, staff and family, a gesture that quickly went viral as videos and images circulated across social media platforms.

 

In the case of Ikedieze, E‑Money’s gift appeared to be deeply personal. During the festivities, E‑Money stood beside his elder brother, Grammy‑nominated musician KCee and recounted how Ikedieze stood by him at his 2007 wedding. The billionaire explained that the SUV was a “token of appreciation” for the enduring support the actor had shown over the years which is a narrative that blends friendship with public celebration.

 

Ikedieze, a Nollywood staple with a career spanning more than two decades and over 150 film credits, including the iconic Aki na Ukwa franchise, visibly reacted with humble surprise as he received the vehicle, bowing his head in respect and gratitude. The actor later shared the moment on his Instagram account with a caption celebrating the gift, further fuelling online engagement around the event.

 

Beyond the spectacle, this incident underscores evolving dynamics in Nigerian celebrity culture and the intersection of wealth, influence and reciprocity. Sociologist Dr. Chinedum Uche of the University of Lagos, speaking on the broader implications of such high‑profile gifts, notes: “Philanthropy that is highly publicised can reinforce social bonds, but it also reflects a culture where generosity is intertwined with reputation economy; where giving becomes as much a social signal as it is an act of kindness.” The quote highlights how public acts of wealth transfer among elites serve layered social functions that extend beyond pure altruism.

 

Critics of such displays argue that ostentatious giveaways, particularly in a country with stark economic disparities, risk amplifying social envy and exacerbating perceptions of inequality. Economist Dr. Ifunanya Nwosu from the Lagos Business School observes: “In societies marked by economic stratification, celebrity largesse may inspire admiration, but it can also inadvertently highlight structural inequities; prompting questions about systemic investment in public welfare versus individual generosity.”

 

Still, supporters maintain that E‑Money’s annual tradition (which has in past years included cash gifts to his brother KCee, comedians and even domestic staff) reflects genuine gratitude and a commitment to uplifting his immediate circle, albeit within the private sphere.

 

For Ikedieze, the SUV stands both as a heartfelt gesture from a longtime friend and a public affirmation of their enduring relationship. As the video of the moment continues to circulate, the broader narrative has ignited discussions about the role of private wealth in public life, celebrity culture and how acts of giving are interpreted in contemporary Nigerian society.

 

In a landscape where influence and generosity often play out in equal measure on public stages, E‑Money’s gift to Aki is more than a headline, it is a flashpoint in ongoing debates about wealth, friendship and visibility in Nigeria’s entertainment and entrepreneurial ecosystem.

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