Tag: supports

  • Stanbic IBTC supports product devt

    Stanbic IBTC supports product devt

    Stanbic IBTC Bank has reiterated its committed to provide ‘branchless’ transactional banking and enhancing its product development strategy, the lender’s Head, Transactional Products & Services, Babatunde Macaulay has said.

    Speaking at a trade and finance forum for stakeholders, he said aside innovative banking products and services, customers have become even more sophisticated in their demand for specialised solutions. He said: “We are all witnesses to the growth of mobile telephone, the adoption of card solutions, and the drive towards financial inclusion and a cashless society.

    “They provided insights into how awareness and savvy the banking public has become. Stanbic IBTC as a leading international bank focuses on developing customised products and solutions for different segment of our markets.”

    He said the forum will be an annual event and will take on topical and relevant issues as it relates to trade finance in the country.

    Macaulay said the lender’s core value is “upholding the highest levels of integrity.” He said the lender is transparent in dealing with its customers and their transactions. “We follow the Central Bank of Nigeria guide to banker’s tariff and all modifications are discussed internally and communicated to client prior to implementation. In addition, we aim to offer competitive pricing and have an approved pricing framework within the bank. Specifically on financing, we have a proven track record of funding various initiatives and projects in different key sectors of the economy such as power, manufacturing and agriculture among others,” he said.

  • Christian group supports Ikuforiji’s gov aspiration

    A religious organisation, Christian Coalition Against Corruption (CCAC), has thrown its weight behind the aspiration of Lagos State Speaker, Adeyemi Ikuforiji, to govern the state in 2015.

    The Chairman of the Christian anti-corruption body, Bishop (Dr) Francis Shopekan, disclosed this at the weekend while presenting the outstanding leaders award to the Speaker in his Alausa Ikeja office.

    Shopekan, who came with the executive members of the group, said: “We have been reliably informed that you want to be governor of the state; we will like to be one of those who will give you support for this project.”

    He explained that having observed the Speaker and how he has been leading the House of Assembly for a long time, he said: “You are a good man, contrary to the negative impression some people have about you.”

    The award, according to Shopekan, “is being given to you after you have been duly nominated and recommended by well-meaning people in the society.

    “We want you to know that we have carefully followed your track record, works and all activities since you resumed office as Speaker of Lagos State House of Assembly.”

    He argued that Ikuforiji’s “untainted integrity, fight for good governance, commitment to the development of the Lagos State and Nigeria and your exemplary leadership qualities, distinguished you as the best man for this award.”

    Ikuforiji expressed his profound appreciation to the organisation for the award.

    He said that the Assembly’s commitment to selfless service and good governance stemmed from the consciousness that Lagos State is a special place and as such deserves excellent treatment.

  • Skye Bank supports Rail on trains

    Skye Bank supports Rail on trains

    Skye Bank Plc has lent its support to efforts aimed at transforming the operations of the Nigeria Railway Corporation (NRC) by providing funding support for the acquisition of two new sets of diesel multiple units passenger coaches for narrow guage track.

    Skye Bank financed the project for its client, Kintech Nigeria Limited, which executed the job for the Nigerian Railway Corporation.

    The Vice President, Namadi Sambo, who commissioned the two diesel passenger trains on Tuesday, said the event marked another watershed in the annals of the NRC as the government makes efforts to reposition it.

    Sambo said other on-going railway projects in the country would be fast-tracked so that cheap means of transportation would be made available to members of the public.

    He commended the bank for financing developmental projects and programmes and described it as a partner in national development.

    The Chief Executive Officer of Kintech Nigeria Limited, Chief Fola Kuforiji, described the project as a laudable and transformational development in the Nigerian rail system and transport infrastructure.

  • FirstBank supports Ogun Investment Forum

    First Bank of Nigeria Ltd is supporting the Ogun State Investment Forum which started yesterday and ends in Abeokuta, tomorrow.

    In a statement, the bank said the forum which is in its second edition is organised by the Ministry of Commerce and Industry in collaboration with the Ogun State government. It explained that this year’s theme- “Ogun State – Open for Business” will focus on the enhanced agricultural production sectors and accelerated urban development areas of the state, highlighting the abundant agricultural resources and investment opportunities which abound.

    The forum, it added, will have in attendance sector experts, financial institutions, investors and investment brokers, local and international organisations, development and technical partners, with high level state and federal government officials representing the focused sectors and other spheres of interest.

    Its Head, Marketing & Corporate Communications, Folake Ani-Mumuney  said: “Coming on the heels of our recent sponsorship of the Oyo State Summit, FirstBank, will remain steadfast in its promotion of thought leadership and building economic development in various states of the federation. With our support of the Ogun State Investment Forum and the various opportunities that are embedded in the development of agriculture in the state, we aim to build wealth creation as well as boost revenue generation of the state.”

  • Jumia supports designers

    Jumia has opened up a new sub-category specially for proudly Nigerian fashion. The platform is not a new discovery, but a recognition for local designers. However, the industry has grown so big, and it’s being recognised on the runways across the world. It parades some of the most talented designers who make everything from clothing and accessories to shoes and beauty products from scratch. Everything the Western world has to offer can be made and found in Nigeria, and the birth of the Jumia’s ‘By Naija Store’ brings this premium offering to the customer. Prior to the latest announcement, Jumia’s fashion store has continued to grow with the latest addition of over 50 new Nigerian brands. From the onset of the largest online fashion store, Jumia has been working with some of the biggest fashion designers who have since seen success selling their products online, especially on Jumia.com. The Chief Executive Officer (CEO), 24 Apparel, Temitayo Eyitayo, said: “It has been a great Journey for 24 Apparel being on Jumia. Ever since we launched our clothing on Jumia, it has helped increase sales by a great volume and also recognition for the 24 brands in terms of marketing and visibility. It has also helped customer confidence in the 24 brands, as it is associated with the good quality of Jumia. Selling on Jumia has since made the 24 brand grow faster with fast logistics option” In a statement from the man behind the premium brand, David Wej Adedayo Eweje, “For a premium brand, we had our doubts about how Nigerians online will accept our product but so far, selling on jumia has been a great platform for our premium brand. We are not only able to sell a lot but we are able to showcase the fabulous collections we have, and we are able to reach a larger audience from Jumia.” Head of Fashion at Jumia Nigeria, Funmi Daniel said: “Jumia Fashion is still growing and with this great step of creating the “By Naija Store” we are recognising local talents. Also, we are welcoming as many Nigeria brands as possible to reach their target audience online at ease and get the maximum exposure for their brands. Our aim is to make Jumia the largest and fastest growing fashion store in Nigeria”. One of the success stories of Nigerian designers currently selling on Jumia is Scuup Woman, one of the biggest female retailers on Jumia, who tripled her sales in a month. The CEO, Amaka Kentebe said: “We are really happy Jumia has helped our brand. We have been able to expand massively since we started selling on Jumia. Hitting N1 million worth of sales from women’s clothing selling on Jumia is just the beginning for Scuup Woman; we intend to continue working with Jumia and maybe soon take us international.” With the launch of the Jumia’s ‘By Naija Store,’ the spotlight has been on talented designers who have been part of the Jumia Fashion story. The fans were not left out as these top designers had the platform to engage fans about their journey so far and the future of Nigerian fashion. Jumia spices up Easter with ‘Easter egg hunt’ Easter season, one of the biggest holidays of the year, is here again! And Jumia wants to help customers relive their childhood with games, shopping and fun. Easter is all about spending time with family members and loved ones, sharing memorable moments and exchanging gifts. This year, Jumia is offering customers everything they need for the festivity in one store for the most memorable Easter moments that they and members of their family deserve. Consequently, an exciting ‘Find Your Easter Egg’ treasure hunt has been planned to create some lucky winners amongst Jumia’s customers this Easter. Starting from today, and continuing throughout Easter, customers can go on Jumia.com and participate by locating the Easter bunnies hidden on their website. But the Easter fun does not end there. Customers will have to find all the bunnies to win different gifts from Jumia. Amongst the prizes to be won are shopping vouchers and tickets to the biggest Easter concerts in Lagos and Calabar. Co-Chief Executive Officer, Jumia Nigeria, Jeremy Doutte said: “Easter is a huge celebration in Nigeria and we are always glad to bring Nigerians the best offers online, as well as helping to bring families closer with the traditions that come with the season.”   Jumia’s top Easter picks   Unlike the Easter egg hunt that is all about who has the fastest fingers, finding the perfect Easter gift has just gotten easier with Jumia’s Easter store. Customers can get their loved ones, colleagues and family members a nice Easter basket treat with ‘Golden Egg from Eileen.’ The Easter basket comes with all the premium groceries and goodies for Easter. Customers can also get a friend a nice bottle of red wine to pair with a special Easter meal with friends and family. They can purchase a Nikon camera to capture those memorable Easter moments or get that television with up to 60 per cent off to lean back and enjoy with their family. Finally, they can treat themselves and their loved ones to an exciting concert for the weekend with tickets to the biggest Easter show in Lagos, ‘Ay Live’. All of these gifts and many more can be delivered to you just in time for the Easter holidays.

  • Access Bank supports national identity scheme

    Access Bank Plc has provided project office for the National Identity Management System (NIMC) card scheme.

    A statement from the bank said the Federal Government approved the implementation of a unified identity Management System for Nigerians.

    The new integrated data system which will capture all Nigerians from the ages of 18 and above will also bring down the cost of data processing and storage by the different agencies in the country.

    Managed by the NIMC and executed in conjunction with different agencies of government which keep their own separate identity data, the National Identity Management System (NIMS) also has the National Identity Smart Card (NISC) component.

    The bank said this will be the largest roll-out of an electronic payment solution in the country and the broadest financial inclusion initiative of its kind in Africa.

  • AutoReg supports tax collection in states

    The AutoReg business solution has been described as a reliable and efficient platform for the collection and administration of road taxes in the country.

    In a statement issued yesterday, Courteville Business Solution Plc said the product has assisted many state governments in their revenue collections drive.

    Courteville also announced the approval by the Adamawa State Government for the automation of Motor Vehicle Administration Documentation process, using the tested and proven AutoReg Business Solution, effective next month.

    The product, it said, has created the best online, real-time records for government and its agencies; eliminated cases of duplicated registration of motor vehicle number plates and dislocated touting from all the motor licensing stations across the states.

    According to the statement, the AutoReg platform is a web-based business solution for motor vehicle administration documentation, currently deployed through about 4,500 processing points in 19 states across Nigeria and the Republic of Sierra Leone.

    It said the product has generated employment for thousands of people and created e-registration solution for the National Agency for Food and Drug Administration and Control (NAFDAC). This, it said, has helped for registration of drugs, foods, chemical and monitoring of approval processes in a more conventional and system compliant way.

    Also, the Nigerian Insurance Association (NIA) has adopted the AutoReg model for the insurance industry database, recently designed and developed by Courteville and currently in use by all the insurance companies for upload of their third party insurance policies in the industry.

    This, it said, has gained wide acceptability as a model for standardised monitoring and verification process that will unify the insurance industry towards disengaging the activities of touts in the issuance and verification of insurance policies in the country

  • Presidency supports U.S. action on Boko Haram

    Presidency supports U.S. action on Boko Haram

    The United States declaration of Boko Haram and Ansaru as foreign terrorist organisations is a significant boost to Nigeria’s effort to end their violent campaigns, says Rueben Abati, Special Adviser on Media and Publicity to President Goodluck Jonathan.

    Abati said the U.S. action deepens a strong collaboration with Nigeria, in the fight against global terrorism. The designation denies the groups access to U.S. financial institutions and allows banks to freeze assets held in the United States.

    “What the US has done is an expression of further support for what the Nigerian authorities are doing, and a clear indication indeed that tackling terrorism is a global responsibility,” said Abati. “For the Nigerian government, this is a welcome and constructive development, and it provides further opportunities for deepening the existing collaboration between both countries in dealing with the scourge of terrorism and insurgency.”

    In a meeting in October, Presidents Barack Obama and Jonathan discussed violence perpetrated by armed groups, including Boko Haram in some parts of Nigeria. Abati said both countries have demonstrated determination to defeat terrorism in Nigeria.

    “Both Abuja and Washington will work together to make sure that terrorism does not continue to pose a threat to human progress in Nigeria or in any parts of the world. So there is that existing understanding, and what has happened now just takes it further,” said Abati.

    Abati added that the designation strengthens the Nigeria administration’s efforts to thwart violence often carried out by Boko Haram and Ansaru, which creates chaos and insecurity in several parts of the West African country.

    “It reinforces the position of Nigeria, and puts to end terrorism, [from] the insurgencies to the proliferation of small arms and light weapons….[It] is something that requires the cooperation of the international community,” said Abati. “What has happened is clearly a demonstration of that — that wherever it exists, terrorism is a threat not just to the immediate community, but (also) to the entire world.”

    Abati said the country would hold Boko Haram accountable for the committing gross human rights violations against the people of Nigeria.

    Last June, the Nigerian government designated Boko Haram a terrorist organisation.

    Earlier this year, the government declared a state of emergency in Borno, Yobe and Adamawa states as a strategy to curb violence perpetrated by Boko Haram. The measure has been renewed for a six-month period.

    “The security agencies have shown great capacity in containing this scourge, in routing the terrorists and displacing them, and making it impossible for them to continue to challenge the sovereignty of the Nigerian state,” said Abati.

    Critics, however, say the Federal Government has failed to rein in the violence and insecurity in parts of the country. They accused the administration of failing its core constitutional mandate of protecting civilians from harm. Abati disagreed.

    “That will be an incorrect assessment,” said Abati. “A fair assessment would be a commendation of the efforts of the Jonathan administration, to ensure the security and welfare of all Nigerians…a lot of successes have been recorded and the administration nothing, but commendation. Normalcy has been restored to [some] states [and] the threat of terrorism has reduced.”

  • Tony Elumelu Foundation supports flood victims with N1b

    The Tony Elumelu Foundation has given fillip to the ongoing efforts for the rehabilitation of victims of the recent flood disaster in the country with a donation of N1 billion.

    The foundation, a not-for-profit institution committed to the economic transformation of Africa by enhancing the competitiveness and growth of the African private sector, was established by the former Group Managing Director/Chief Executive Officer of the United Bank for Africa, Mr. Tony Elumelu.

    An Africa-based and African-funded philanthropy whose mission is to identify and groom African business leaders and entrepreneurs to achieve the foundation’s central objective of enhancing the competitiveness and growth of Africa’s private sector, the donation has distinguished Tony Elumelu Foundation as a committed partner in ensuring that the internally- displaced people are rehabilitated and given a new phase of life.

    Tony Elumelu is also the Chairman of Heirs Holdings Limited, an African investment company deploying proprietary capital for the long term in the most promising sectors of the continent and Tenoil Petroleum and Energy Services Limited.

    Mr. Elumelu is the leading proponent of Africapitalism: the private sector’s commitment to the economic transformation of Africa through investments that create economic prosperity and social wealth.

    Elumelu, while announcing the donation, said government should not be left alone to cater for the victims.

    He urged corporate organisations and multinationals to come out in the joint task of providing relief for the victims. According to him, “these organisations make their profits from the society and it is time to give back to the society as corporate responsible citizens.”