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An Update on Metrics and Reporting

Today we’re updating our metrics to give our partners and the industry more clarity and confidence about the insights we provide.

We know that having access to reliable metrics is important to the millions of partners who use our services to grow their businesses. As our products evolve to meet the needs of the people and businesses that use them, our metrics will also evolve.

Our goal going forward is to communicate more regularly about our metrics, so that our partners can focus on doing what they do best – serving their customers – with the best insights possible.

Increased Third-Party Verification
We believe strongly in third-party verification to prove the business value we’re driving for our partners, and we have a long history of working with global industry leaders like comScore, Moat, Nielsen, and Integral Ad Science (IAS). We’re now exploring additional third-party reviews to validate the reporting we offer partners. We’re also launching the ability to verify display impression data through our third-party viewability verification partners, including Moat, IAS, and comScore. This integration addresses requests we’ve received from partners for independent measurement of the amount of time ads are viewed on-screen.

For publishers, we’re partnering with Nielsen to include Facebook video and Facebook Live viewership in Nielsen’s Digital Content Ratings (DCR). This will give publishers access to third-party verification for video metrics and allow for comparable digital and TV metrics in Nielsen’s Total Audience Measurement.

Building More Measurement Solutions with our Clients
Our global Client Council has helped shape the direction of our products and how we approach measurement. Innovations such as conversion lift and mobile polling came out of direct conversations with our Client Council members. Given the Council’s valuable insights and the growing need for measurement standards tied to business outcomes, we’re now working with its members and other business and measurement executives to form a Measurement Council. We’ll announce more details in the coming weeks.

Regular and Clearer Communication on Metrics
We’ve created a new internal review process to ensure our metrics are clear and up to date as our product offerings continue to evolve. As part of this process, we’ll be communicating more regularly about updates we make. Communication will occur in a few ways, some of which are already happening:

1) In-product definitions. As we’ve routinely done in the past, we’ll continue to include updates in-product where partners buy ads or access our reporting. When we make meaningful updates going forward, we’ll continue surfacing them in-product.

2) Through our client teams. We’ll continue to communicate important updates to metrics that impact our partners directly through our partner teams.

3) Metrics FYI blog. We know how important it is to be open about meaningful updates we make to our metrics, so we’re creating a new channel for regular information on metrics enhancements. (This blog will be similar to our News Feed FYI blog)

Below is the first post in our Metrics FYI blog series, outlining the first set of updates we’re making. Please note that we do not bill clients on the potential under-reporting/over-reporting metric issues mentioned below.

Metrics FYI

Page Insights – Organic Reach
We’ve uncovered a bug in Page Insights. On one of our Pages dashboards, one summary number showing 7-day or 28-day organic page reach was miscalculated as a simple sum of daily reach instead of de-duplicating repeat visitors over those periods (see red circle in screenshot below). However, the vast majority of reach data in the Page Insights dashboard (marked green in screenshots below) was unaffected, including all the graphs, daily and historical reach, per-post reach, exported and API reach data, and all data on the Reach tab. The de-duplicated 7-day summary in the overview dashboard will be 33% lower on average and 28-day will be 55% lower; data in other fields is unaffected. This bug has been live since May; we will be fixing this in the next few weeks. It does not affect paid reach.

Additionally, we’re making an improvement to Page organic reach to match what we’ve done for paid reach. Reach counts will now be based on viewable impressions. On Pages, we’ve historically defined reach as a person refreshing their News Feed and the post being placed in their feed. For paid ads reports, we’ve moved to a stricter definition that only counts reach once the post enters the person’s screen (“viewable impressions”). With the stricter definition, we estimate that reported reach will be 20% lower on average. We’ll provide an update to all Pages in-product and via the Metrics FYI blog when we make this change, which will happen in the coming months.

Video – Measuring Completions
When partners upload their videos to Facebook, the full video length is recorded, but when the video delivers to people’s devices, the length of the video can sometimes be a fraction of a second shorter or longer. This occasionally happens when the audio and video track don’t line up, owing to differences between video players and devices. While someone may watch a video to completion on their device, the audio may continue to play for a bit longer. This particular issue caused us to undercount the metric ‘video watches at 100%’ (previously named ‘video views to 100%’). Moat found this and reported it to us. We are now updating how we read the video length to address this issue. This may result in roughly a 35% increase in the count of ‘video watches at 100%.’ For example, if ‘video watches at 100%’ were 1%, they would now be 1.35%.

Instant Articles – Time Spent
Instant Articles is a way for any publisher to create fast, interactive mobile content on Facebook. We also provide publishers with insights to help them understand how their content is consumed. We’ve determined that the average time spent per article had been over-reported by 7-8% on average since August of last year. This was caused by a calculation error: we were calculating the average across a histogram of time spent, instead of reflecting the total time spent reading an article divided by its total views. We have now fixed this issue.

Analytics for Apps – Referrals
In our Facebook Analytics for Apps dashboard, one metric called “Referrals” is miscalculated. This metric evaluates all posts produced by people via an app or website. We meant to count clicks that went directly to an app or website; however, we’ve also counted other clicks on those posts via the app or website, including clicks to view photos or video. We are working to fix this. Out of the referrals we currently report, on average about 30% are actually clicks to consume content on Facebook. For power users of this metric (top apps that look at this data in the dashboard most frequently), we found that referrals have been overstated by approximately 6% on average. Other measurements of referrals, such as those appearing in Facebook’s ads reporting tools, are unaffected.

Interest Lists – Follower Counts
Interest lists are a way to organize and view content on Facebook. Given low consumer usage of interest lists, we have decided to retire this feature, which will result in a drop in the total number of followers for profiles that created interest lists or were featured in lists. There are two reasons for this: 1) For people that created or were featured in an interest list, profile follower counts include the followers of the interest list; 2) People can follow someone from a profile and through an interest list, which means a profile’s follower number could double count that person. This update does not impact News Feed distribution or Page Insights. The impact to profile follower counts will vary, depending on the number of interest lists the profile created and was featured in. Most profiles will see a drop in followers of less than 5%.

Clarifying Metrics
We’ve been working for several months to improve reporting, and today we’re announcing several updates intended to make information clearer and easier to understand. Some of the updates we’re making are described below; for all we’ll be updating our in-product definitions.

  • More descriptive names: We’ll make updates now and in the coming months to ensure our metrics are clearly named (e.g. “view content” → “website view of content,” and “video views” → “3-second video views”).
  • Clarified calculations: We’ll clarify some calculations to make sure they reflect how our products are being used by advertisers. For example, with the launch of Canvas in February, we gave advertisers the ability to create an immersive native experience on Facebook. Within Canvas, they can also link to offsite content on Facebook’s in-app browser. While this experience is valuable to advertisers, the original intention of the Canvas View Duration metric was to capture time spent in Canvas. So we’re clarifying the metric calculation to reflect that it excludes time spent outside Canvas (linking to offsite content).
  • More consistent definitions: We’ll also update our tips section and glossaries across all of our ads tools to make sure we are explaining our metrics in consistent ways (including noting which insights are estimates). For example, as we have rolled out new immersive experiences on Facebook like Canvas and lead forms, the link clicks metric has evolved over time to include clicks to those on-Facebook destinations, in addition to clicks to a website off of Facebook. We had updated the definition of links clicks in our ad creation tools, and we are now updating it across all of our ads tools. We’re also clarifying the description of our video views metrics (3, 10, and 30 seconds) to include the term “aggregate,” so as to more clearly explain it’s based on aggregate view time of at least the specified number of seconds.
  • Better categorization: We’re making it easier for marketers to select certain metrics to include in their reports. To do this, we’re creating a way to customize the columns in reports to reflect how marketers set up their ads. This will let advertisers have a specific advertising objective map directly to the metrics we show, like checkouts, leads, or registrations.

These efforts are long-term investments, and we’ll continue to share updates on the Metrics FYI blog.

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NASENI EVC Tasks Finance Managers On Effective Resource Management

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The Executive Vice Chairman and Chief Executive Officer (EVC/CEO), National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu has underscored the importance of effective resource management, emphasizing the Agency’s responsibility in administering public funds for the benefit of Nigeria.

The EVC stated this while declaring open one-day sensitization workshop on Government Integrated Financial Management Information System (GIFMIS) policy and guidelines for financial managers of NASENI in collaboration with the Office of the Accountant General of the Federation (OAGF) held at the Agency’s headquarters in Abuja this week.

The workshop was  aimed at enhancing financial management practices for NASENI principal officers, directors, managing directors and accounting officers system-wide.

Urging the participants to take the workshop with all sense of purpose, the EVC/CEO called for accurate financial record-keeping and the adoption of innovative processes which remain integral in the GIFMIS policy. He stressed the significance of staff training and capacity development to ensure the discharge of duties to make NASENI a preferred public sector employer in Nigeria.

While warning staff on classified documents, Mr. Halilu said confidentiality in financial management is a crucial aspect and called for strict adherence to public service regulations regarding the integrity of official information.

He further emphasized the Agency’s 3Cs initiative of Collaboration, Creation, and Commercialization as NASENI’s core operating principles, expressing confidence in achieving the Agency’s goals in alignment with the Renewed Hope Agenda of President Bola Ahmed Tinubu.

The Deputy Programme Manager, System Support and Sustainability Directorate, OAGF, Mr. Jeremiah Asanato, giving overview of the GIFMIS, said it is aimed at integrating budgeting and government expenditure. He emphasized that the policy will help to address irregularities, corruption, and other fraudulent activities in government Ministries, Departments and Agencies (MDAs).

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Mike Adenuga @71: Salute to Nigeria’s Game Changer in Oil, Banking and Telecom Sectors

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Today April 29th is a special day. It is the birthday anniversary of Otunba Dr. Mike Adenuga, Chairman of Globacom and Conoil PLC, amongst other flourishing companies who turn 71 years old.  A special gift to Nigeria, Dr. Adenuga is a colossus. He is renowned for his business acumen.

When it is comes to business, he’s got the vision. He can see good fortune light years ahead while others are still pandering whether it is feasible. Dr. Adenuga is unafraid to venture where others fear to tread.  Fondly called ‘The Bull’ for his fearless and zeal to take “No” for an answer, he’s got this Midas touch that is unparalleled.

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Oil, Gas Transformations

 He transformed the face of Nigerian oil, banking, and telecommunications industries. In 1991, when oil mining and production was controlled by foreign multinational oil companies, Dr. Adenuga’s indigenous oil company was the first to start drilling crude oil. Today, Conoil has metamorphosed into one of the largest African-owned oil conglomerates on the continent with footprints in the upstream, midstream and downstream of the oil and gas sector. 

His forays into the bank industry are well documented where he brought a fresh energy and bespoke financial services with Devcom Merchant Bank and Equatorial Trust Bank (ETB) which later merged into Sterling Bank.

Changing Telecom Services Narrative

If there is anyone who has single-handed transformed Nigerian telecommunications industry, that person is no other than Dr. Adenuga. His tenacity to recover his Digital Mobile Licence (DML) which his company won in 2001 mobile auction but was illegally taken away from him, paid off in 2003 when his company Globacom won the Second National Operator (SNO) licence.

In September 2003, Globacom transformed the Nigerian telecoms market in particular and Africa in general being the first Global System for Mobile Communication (GSM) operator to launch operations with Per Second Billing, Multimedia Service (MMS), Mobile Internet, in additional to plethora of communications suites.

Glo crashed the price of Subscriber Identification Module (SIM) card, leaving other foreign mobile networks scratching their heads in the GSM wars that changed the face of telecom, bringing down the price of SIM Card from N50,000 down to N100 and later to One Naira (N1) only.

Millions of Nigerians became overnight owners of mobile phones lines courtesy of the competition engendered by Glo. Every major step Glo took from the day it commenced operation, other mobile competitors were jittery, helpless and followed the initiative in other to remain in the market.

After establishing the footprints of Glo in Nigeria, Dr. Mike Adenuga (Jr.), also took the telecom giant to Ghana and Benin Republic with mobile operating licences in those countries. Unsatisfied with the routing of calls from Africa countries to Europe then to Africa, he built Glo-1, the first submarine cable system that was solely financed by an individual. Today, Glo-1 links global telecom networks, data centres, banks and Interconnect houses.

Globacom unfazed has going a notch higher with Glo-2 ensuring that Nigerian cities, towns and villages and oil companies are connected to terrestrial fibres through its landing stations in Lagos and Niger Delta.

Digital Financial Services

Dr Adenuga, a man who can see opportunities from afar, has took the lead in procuring Super-Agent licence for Agency Banking and Mobile Money licence from the Central Bank of Nigeria (CBN) with the establishment of Glo Mobile Money and Money Master Payment Service Bank Limited, a Digital Bank delivering financial inclusion services to Nigerians especially in rural, semi-rural and urban areas thus connecting them to the formal sector.

Man flowing with Milk of Human Kindness

The humanitarian side of this famous Nigerian billionaire is incomparable. Although, coming from a middle-class family, Dr. Mike Adenuga’s (Jr.) academic sojourn in the United States of America and the everyday life lessons internalized from his parents, Chief Michael Agbolade Adenuga (Snr) and Madam Oyindamola Adenuga, shaped his worldview and brought out his humane side in the way he deals with people and businesses.

He has been a major supporter of sports, especially football (Nigerian national teams). He has massively sponsored the Confederation of African Football (CAF) Awards for many years. He was honoured the title of Pillar of Football in Africa for his strong support for African Football at both national and continental. He has quietly rendered support to many without seeking media attention.
Through him, Glo sponsors the annual Ojude Oba festival in Ijebuland and also the Ofala festival in Onitsha, Anambra amongst others, promoting Nigeria’s rich culture.

 Humble Beginnings

A man of outstanding wisdom, Dr. Mike Adenuga (Jr.) was born Michael Adeniyi Agbolade Ishola Adenuga on April 29, 1953 at Ibadan, Oyo State. His father was a school teacher while his mother was an outstanding businesswoman.

Dr. Adenuga (Jr) is an alumnus of the famous Ibadan Grammar School, North Western State University, Alva Oklahoma; and Pace University, New York, both in the United States of America where he majored in business administration with emphasis in marketing. As a student in the USA, he supported himself with jobs as a taxi driver and security guard.

Dr. Mike Adenuga (Jr) is a visionary leader, an outstanding entrepreneur and and manager of people and resources. He is a man of uncommon intellect and wisdom have helped him overcome difficult times. Today, he sits atop a vast telecom, oil and gas (Conoil), banking and real estate investments.

As Dr. Mike Adenuga (Jr) clocks 71 years on Monday April 29th, 2024, SiliconNigeria.ng wishes him a marvelous birthday and many happy returns in good health in the service of the fatherland.

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How MTN’s Endorsement Changed 17-year Davido’s Musical Career

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Davido’s reputation as “Omo baba Olowo” (son of a rich man) has never been in question but even the wealthy have been known to enjoy a financial boost from time to time. The Afro-pop star revealed he received his big boost as a teenager when telecommunications giant, MTN Nigeria came calling with a N20 million naira endorsement deal.  

“I remember when MTN, a telecommunication company, came, and they were like they want to do endorsement, but then he (Dad) was like how much, and I said 20 million. I was like I’m 17. Nobody (had) seen that kind of money. Wow, this is from music, and it’s off like two songs, of course.”

Davido further explained that the deal came at the right time as it proved to be the incentive needed to convince his multi-billionaire father, Dr Adedeji Adeleke of the potential in the music business.

“I’m like, ‘Daddy see, we can do this’. “He built me a studio and gave me some money to run my stuff and did my first album, and it came out really really successful.”

Davido was the face of MTN Pulse between 2012 and 2016 and during that time the pop star dropped hit songs like Aye, Skelewu, and Gobe to mention a few whilst picking up a number of awards along the way.

Davido has since risen to become one of Africa’s biggest musical export, selling out various venues across the world including the O2 Arena in London, performing at the 2022 FIFA World Cup in Qatar, earning billions of streams across multiple platforms and collaborating with some of the world’s biggest artistes. He recently released his fourth studio album “Timeless” which peaked at number 2 on the World Album charts.

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