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The Luxury Reporter Magazine Celebrates the Fifth Anniversary



…announces TLR International Luxury Conference
The Luxury Reporter Magazine celebrates its fifth anniversary with a well-attended event by experts in the luxury sector held at The Wheatbaker Hotel, Ikoyi, Lagos on Thursday.
The exclusive event afforded attendees a glimpse into the activities of the magazine since it was founded on May 24th, 2014.
Speaking at the event, Mrs Funke Osae-Brown, founder/publisher of The Luxury Reporter said the idea for the magazine came to her at a point in her career when she knew she wanted to embark on a new adventure.
According to her, the magazine kicked off five years ago with a website, www.luxuryreporter.comg.ng before it began its print edition three years later.
“We ran the website for more than a year. Before we migrated to www.luxuryreporter.ng. We later introduced the digital edition of the magazine which we did for two full years with 24 digital editions. Along the line, we identified a market for print. Hotels, private jets operators, airlines, automobile companies, retail stores need print editions for their clients. In January 2018, we announced our first print edition which had on the cover emerging brands and a buyer, Abela, TPS Luxury, Pere Lei, Okiki Marinho, Scentify, and Ndidi Obioha,” she said.
Besides, she explained that The print edition paved the way for our exclusive partnership with PrivateJets Nigeria as advertisers in The Luxury Reporter print edition will have 30 seconds clips of their advert placed in the in-flight entertainment screen of all the aircraft of PrivateJets.
“Our vision is to report on the African Luxury by projecting Nigerian brands. We are constantly in search of indigenous luxury brands that will compete with international brands. We believe this will contribute to the economic growth of Africa. At TLR, we don’t just want Nigeria to be a consumer of luxury but also the manufacturer of luxury products that can compete with their counterparts not just on the continent but globally,” she explained.
She also said the magazine has been deliberate in its approach to reporting on luxury lifestyle by featuring top players in the industry some of whom are quiet players in the local luxury sector. “We have been reporting on emerging luxury brands on the continent. Also, we hope to bridge the divide between African Luxury brands and their counterparts abroad. In a bid to kickstart this, we attended the 2019 edition of the Baselworld in Switzerland where we interacted with CEOs of renowned luxury brands in the watch and jewellery sector. We also had exclusive interviews with some new brands and some other major players. Some of them are in the latest edition of the magazine that will be unveiled here today.”
To commemorate the fifth anniversary Mrs Modupe Ogunlesi, CEO, Adam and Eve Homeware delivered a keynote address titled: Luxury Retail In Nigeria: The Opportunities, Challenges and Policy Options. She observed that in the luxury sector, an understanding of what one sells, the psyche of the expected consumers are very basic ingredients for success. While defining luxury across different stages, she said:
“An experience that puts you in a bubble of euphoria, boosting your feeling of wellbeing. Incidentally, Luxury as an experience is the fastest growing concept of luxury at the moment worldwide. In Nigeria, we are a mix of all four definitions of Luxury.”
Furthermore, Ogunlesi’s keynote address was followed by a panel discussion where issues affecting the growth and development of the Nigerian luxury sector were discussed.
Speaking on the panel, Mrs, Ini Abimbola, CEO, Thistle Praxis said lack of data is impeding the growth of the luxury sector. “As someone who works with data, I found out that there is no available date on the local luxury sector, which makes it impossible to track the growth properly. Most of the HNIs we have in Nigeria prefer to shop abroad. Therefore, I discovered that Europe and America have data on the number of Africans who shop there and how much they spend. HNIs usually won’t shop locally, which makes it impossible to have accurate data on what they spend on and how much they spend.”
Mr Omotade Lepe, Chief Operating Officer, PrivateJets Nigeria, explained that it had become the norm in Nigeria that when there is a change of government spending power of some HNIs drop.
“Change of government does not affect the market in the most country as it does in Nigeria, which is the uniqueness of Nigeria,” he said.
On her part, Funmi Onajide decried the lack of proper shopping malls for luxury retail stores. She argued that the current infrastructure of Nigeria has does not support luxury retail. “You can’t have a 5-star hotel without a 5-Star infrastructure. The kind of infrastructure available in Europe is not here in Nigeria, and if you want to create that kind of infrastructure you will have to pay a lot to get that,” she said.
As an expert in the Automobile Sector, the Group General Manager, Marketing & Corporate Communications, Coscharis, Abiona Babarinde said: “for us, automobile is about lifestyle to complement your successful life to give people experience they deserve because average Nigerians is a car freak, that you want to drive a good car you have a bad road and are insecure.”
At the event, the latest edition of The Luxury Reporter Magazine was unveiled just as the panel discussion signalled the commencement of TLR annual International Luxury Conference
celebrity radar - gossips
Opinions divided over Pasuma Jaiye Kuti proposed wedding
Opinions divided over Pasuma Jaiye Kuti proposed wedding
The current threading in *entertainment* world of speculated society marriage between oganla Fuji, Wasiu Alabi Pasuma with Nollywood icon, and widely acclaimed Queen of the tube jaiyeola Kuti has brought out different opinions amongst the fans and entertainment personnel.
What started as a rumour and mirage is gradually turning to reality and some fans are saying it’s not possible for Jaiye Kuti who is one of the scandal free Nollywood actress to be involved in such an unholy union with Pasuma
Most people who spoke with our correspondence, are of opinion that such a marriage can only happen in a mirage sessions and in Nollywood movies that apart Jaiye Kuti been responsible and married with children, Pasuma is someone who have vowed not to married and have a woman under his roof.
But to some also, it’s not impossible as artistes are known to be engaging and married to each other after denied and counter claims, which made and at the end they will go ahead and married . With this most people believe that truly there’s marriage in offspring for both celebrities While both parties refused to comment on the trend controversial issues about the whole issue , the world is anxiously waiting if this well circulated story of Pasuma getting married to Jaiye Kuti will come to pass or it will turn out to be a mirage.
Either way the die is cast as all eyes will be on Jaiye Kuti and Pasuma with searchlight on Nigeria entertainment industry once again
celebrity radar - gossips
PRESIDENT TINUBU CONGRATULATES OTEGA OGRA ON ELECTION TO WORLD FEDERATION OF ADVERTISERS EXECUTIVE COMMITTEE
PRESIDENT TINUBU CONGRATULATES OTEGA OGRA ON ELECTION TO WORLD FEDERATION OF ADVERTISERS EXECUTIVE COMMITTEE
President Bola Ahmed Tinubu has congratulated his Senior Special Assistant on Digital Engagement, Strategy and New Media, Mr Otega Ogra, on his election to the Executive Committee of the World Federation of Advertisers (WFA).
The election took place today at the organisation’s Annual General Meeting, held during the Global Marketing Week Conference in Stockholm, Sweden.
President Tinubu described the development as a significant step for Nigeria’s growing influence in global communications.
He noted that Mr Ogra’s emergence as the only representative from West Africa and Sub-Saharan Africa on the Executive Committee reflects the depth of Nigerian expertise and the contribution of a new generation of young Nigerian professionals to global industry standards.
Mr Ogra was elected to the Executive Committee on the platform of the Advertisers Association of Nigeria (ADVAN), underscoring the role of Nigeria’s organised advertising and marketing industry in shaping representation at the global level.
The WFA is the leading global body for advertisers, representing over 150 multinational and Fortune 500 companies, alongside national advertiser associations across more than 60 countries, with a combined annual marketing spend running into hundreds of billions of dollars. Its Executive Committee is the organisation’s highest decision-making body, responsible for setting priorities and guiding global policy on responsible advertising, media transparency, sustainability, and the evolution of digital ecosystems.
President Tinubu noted that Mr Ogra’s election is both a personal distinction and a strategic opportunity for Nigeria and the African continent, placing them at the centre of global conversations on brand trust, platform accountability, innovation and the future of marketing and communications.
The President commended Mr Ogra, who also serves as Vice President of ADVAN, for his sustained contributions to strengthening Nigeria’s marketing and communications ecosystem, drawing on a career spanning leadership roles across the banking, manufacturing, and public sectors.
“Otega’s election reflects the growing recognition of Nigerian expertise and affirms our capacity to contribute meaningfully to the frameworks shaping global markets,” the President said.
President Tinubu added that the achievement aligns with his administration’s Renewed Hope Agenda, particularly in advancing the creative economy, strengthening digital governance, and positioning Nigeria as a competitive hub for innovation and enterprise.
Josh Faulks, CEO of the Australian advertiser association (AANA), and Simon Michaelides, Director General of the UK advertiser association (ISBA), also join the leadership team.
Current members of the executive committee, David Wheldon, President and Philip Myers, Deputy President, who is also the Chief Institutional Affairs and Corporate Communications Officer at Ferrero, continue in their current roles, as do all regional vice presidents.
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Hold Peter Okoye Responsible If Any Harm Comes To Our Member – NASRE Fires Back At Singer
Hold Peter Okoye Responsible If Any Harm Comes To Our Member – NASRE Fires Back At Singer
The Nigerian Association of Social and Resourceful Editors (NASRE) has raised alarm over an alleged threat by Afrobeat artist Peter Okoye (Mr P) against journalist and NASRE Directorate member, Mr Bayo Adetu, warning that the singer will be held responsible should any harm come to the journalist or his family.
In a press statement issued on April 20, 2026, NASRE’s leadership, led by Comrade Femi Oyewale, expressed concern over the incident reportedly occurring at the Ikoyi High Court during proceedings in the ongoing legal dispute involving P-Square and their elder brother, Jude Okoye.
NASRE views the alleged statement as inappropriate and unacceptable, stating that any language suggesting intimidation against a journalist performing lawful duties raises serious concerns about press freedom, safety, and professional ethics.
The association has therefore called on Mr Peter Okoye to retract the alleged statement and issue a public apology to Mr Bayo Adetu, while also urging all parties involved in the ongoing legal matter to conduct themselves with restraint, respect, and strict adherence to the rule of law.
Read the statement below:
PRESS STATEMENT
For Immediate Release
NASRE RAISES ALARM OVER ALLEGED THREAT BY PETER OKOYE (MR P) AGAINST BAYO ADETU IN COURT, WARNS OF CONSEQUENCES
The leadership of the Nigerian Association of Social and Resourceful Editors (NASRE), led by Comrade Femi Oyewale, expresses concern over an alleged threat issued by popular Afrobeat artist Peter Okoye, widely known as Mr P, against journalist and NASRE Directorate member, Mr Bayo Adetu.
The incident reportedly occurred at the Ikoyi High Court during proceedings in the ongoing legal dispute involving the music duo P-Square and their elder brother, Jude Okoye. Eyewitnesses present in court stated that Mr Peter Okoye drew the attention of Justice Alexander Owoeye to Mr Adetu’s presence, noting that he was formerly P-Square’s publicist but now works with his brothers. The remark reportedly generated reactions in the courtroom.
It is further alleged that after the court session, Mr Peter Okoye confronted Mr Adetu in the presence of others and said, “You, Bayo, I will set you up.”
NASRE views this alleged statement as inappropriate and unacceptable. Any language suggesting harm or intimidation directed at a journalist performing lawful duties raises serious concerns regarding press freedom, safety, and professional ethics.
We state unequivocally that should anything happen to Mr Bayo Adetu or any member of his family, Mr Peter Okoye will be held accountable. Such statements, when directed at a media professional, are taken with utmost seriousness.
NASRE will not tolerate any form of intimidation, harassment, or threat against its members. We are fully prepared to activate all lawful media and legal channels to protect our members and safeguard the integrity of the profession. Mr Peter Okoye must be aware that utterances of this nature carry consequences and he will be held responsible for any outcome arising from this matter.
We therefore call on Mr Peter Okoye to retract the alleged statement and issue a public apology to Mr Bayo Adetu. We also urge all parties involved in the ongoing matter to conduct themselves with restraint, respect, and strict adherence to the rule of law.
The safety of journalists remains paramount, and the media will not be silenced.
Signed:
Lateef Owodunni
Media Director, NASRE
April 20, 2026
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