Mohammed Shosanya

A leading ICT Company, Integral Communications Nigeria Limited is
offering its customers free phones for every iphone, laptop or high end Samsung phone they buy at the Shell and Total’s Cooperatives’
Exhibitions from Monday, November 13 to Friday, December 01,
2023.

In a press statement signed by the General Manager of the Company,
Mr. Ifeanyi Nihe, the company is participating at the Shell’s
COOPEAST Exhibition which started November 13, 2023 and will end
on Saturday, November 18, 2023

It will also be at the Total Cooperative Exhibition which runs from
Monday, November 20, 2023 to Friday, November 24, 2023.

The General Manager is encouraging its customers nationwide to
avail themselves of this opportunity to get the devices for themselves
and their loved ones ahead of the Christmas season in view of the
harsh economic realities in the country.

Integral communications Nig. Ltd is a company that specializes on
sales and installation of mobile phones, computers (Laptops and
Desktops), printers and copiers, Iphones, Phones, special gadgets,
CCTV systems, intercom systems (PABX), Network Switches,
Procurement,etc.

The company was incorporated in August, 2005 and has since been
offering the above mentioned services from its corporate headquarters at No 38 Old Aba, Rumuobiakani, Port Harcourt, Rivers State and its branches both in Rivers State and FTC.

Renowned for quality products and services, this has endeared the
company to numerous clients, ranging from walk-in clients to
corporate organizations, cooperative societies, Federal government
institutions and MDAs, Educational Institutions, etc.

The company partners with a lot of OEMs like HP, DELL, MICROSOFT,
APC, CISCO MCAFEE etc. We are also in partnership with someCooperative Societies/bodies like COOPEAST, COOPLAG, NNPC, PPMC
Cooperative Investments and Credit Society Limited, just to mention
but a few.

Mr. Nihe has assured its customers of its resolve to help cushion the
effects of the present economic realities by always working with their
budgets for cooperative sales while maintaining customer intimacy,
product leadership and service excellence as traits which stand it out.

Mohammed Shosanya

Big Chance Lotteries Management Limited, innovative and dynamic lottery and gaming company,has launched a new online platform where Nigerians can play and win millions of naira in cash rewards every week.

At the launch of the platform in Lagos on Thursday, the Managing Director of Big Chance Lotteries Management Limited, Opeyemi Oguntimehin, explained that the firm’s goal is to impact the lives of Nigerians positively by ensuring that fairness and transparency are maintained at all times.

He said,apart from lifting Nigerians from the morass of poverty with its range of exciting games,the lottery will also help combat unemployment.

He added:“At a time when many Nigerians are looking for genuine opportunities to improve their financial well-being, we firmly believe that Big Chance Lotto will resonate with millions of Nigerians. The game comes from a trusted brand duly licenced by the Nigeria Lottery Regulatory Commission.

“Built on a solid value system of reliability, innovation, empowerment, social responsibility, integrity and fun, Big Chance Lotto is an immense and entertaining game, win and cash out game, never seen in Nigeria.

“Our lottery is online and real-time, meaning you can play and cash out instantly, which makes the platform robust and friendly, with the highest security standards against fraud and hackers.

“Nigerians can play the games all day long all over the country, and they can even play games ahead, meaning they can play for Friday game on Tuesday.

Our lottery draws are transparent and live on all major social media platforms; you can view live attractions as they happen.The wallet can be preloaded and funded via any bank in Nigeria. We are connected to the best and most secure payment platform, and we have partnered with the best in the industry.

“There is also the primary draw in the evening at about 7 p.m., and our odds are very competitive and one of the highest in the industry.
We also plan to launch Jackpot games and other variant of lotteries before the end of the year.

“Our staff are well-seasoned lottery experts with over 25 years of experience, and our CEO has over 30 years of lottery and gaming experience.”

He also stated that Big Chance Lotto can be downloaded from the Google Play store or visit our website at www.bigchancelotto.com.

He stressed that the Big Chance Lotto website is the most mobile-friendly, and players can play their games on the go.

Adding that the Big Chance lotto has something for everyone with exciting games, including two sure, permutation and three direct for akoi Cash, ojuobe, ajewole and oba.

Mohammed Shosanya

Africa’s digital financial services provider,Moniepoint Inc,has announced its listing in the sixth annual CB Insights’ Fintech 100 ranking (previously the Fintech 250), showcasing the 100 most promising private fintech companies of 2023.

CB Insights is regarded by top industry analysts as the most trusted source for technology market insights.

The Fintech 100 includes a mix of companies at different stages of maturity, product development, and funding. The cohort has raised nearly $22B in equity funding across 381 deals since 2019.

Utilizing the CB Insights platform which fuses machine learning, algorithms, data and visualizations, the research team selected these Fintech 100 winners from a pool of more than 19,000 private companies, including applicants and nominees.

These companies were chosen based on factors, including equity funding, investor profiles, business relationships, R&D activity, news sentiment analysis, competitive landscape, and proprietary Mosaic scores, as well as criteria such as tech novelty and market potential.

Tosin Eniolorunda, Group CEO of Moniepoint Inc, said:“We are honored to be recognized by CB Insights as one of the top 100 fintech companies of 2023. This listing validates our unwavering commitment towards powering dreams and driving financial happiness for everyone. It is also a strong reflection on our momentum in terms of growth, innovation and making a real difference in the marketplace.

“Our team has worked tirelessly to deliver innovative solutions that empower individuals and businesses across Africa with accessible, efficient, and secure digital financial services. This recognition is testament to our efforts in enhancing financial inclusion and transforming the lives of millions across the continent.”

Moniepoint Inc which has been named as Africa’s second fastest-growing company by the reputable Financial Times servicing over 1.7 million businesses, and helping them process over $100 billion in 2022.

Representing 24 different countries across the globe, this year’s Fintech 100 is shaping the future of real-time payments, spend management automation, embedded finance, and more,” said Chris Bendtsen, Lead Fintech Analyst, CB Insights. “Together, they are not only increasing the pace of innovation, but launching new products and features to revolutionize the industry as a whole. I cannot wait to see what this cohort accomplishes next.”

Mohammed Shosanya

President Bola Tinubu has lauded Tony Elumelu for the impact his foundation, Tony Elumelu Foundation (TEF) has had on young people and SMEs in Nigeria and beyond since its inception in 2010.

He also implored Africans, including its political and business leaders, to look inwards instead of undue reliance on international donor funds.

He spoke at the Tony Elumelu Foundation (TEF) and United Nations Children’s Emergency Fund (UNICEF) Generation Unlimited (GENU) Breakfast Roundtable meeting, a side event at the ongoing 78th United Nations General Assembly (UNGA) in New York,on Tuesday.

The event also served as a forum for the launch of the Tony Elumelu Foundation (TEF) Impact Report titled “The Tony Elumelu Foundation Entrepreneurship
Programme: A Decade of Impact.”

Tinubu,who was represented by the Minister for Trade and Industry, Doris Uzoka-Anite, also emphasized the need for local solutions to economic growth and unemployment, while offering incentives to willing investors

He lamented over reliance by Africans on foreign donors, calling for an end to that mindset.

He said: “I don’t think we are doing enough as Africans for Africa. We need to do a lot more. Tony Elumelu has been the major person driving investments in supporting the youths and start-ups.

“We need to challenge ourselves a bit more further. Africa has some of the richest people on the planet. We have a resource-rich continent with huge population of young people.

“We need to take up the challenge upon ourselves as Africans to support one another. It is about time we stopped looking for international organisations for donor funding. We need to go out of that mentality.

“We will rather have donor funds coming in to support what we have on ground already and not then coming to give us a seed or showing us the way. We actually know how to do things. In Africa, we have a rich culture and if we go back to our tradition, there is a whole lot we can learn from each other.”

Speaking on the import of Micro, Small and Medium Enterprises (MSMEs),he said they were the engines of Nigerian and African economic growth, adding that they contributed almost half of national GDP, and more than 80 percent of employment.

Wooing potential investors with promises of right infrastructure provision such as regulations, property rights, access to justice, protection from unfair competition, power, as well as roads to market and ports,Tinubu said: “We must organise the disorganised SME market, and enable greater organisation and formalization.

“We must invest in SMEs. Governments and the private sector have important roles to play in this regard. Our investing must be coordinated, targeted, and generous. This is where the example of the Tony Elumelu Foundation is a worthy role model for all.

“We must create and expand pathways for our SMEs to export their products and services and integrate into global value chains.”

Speaking,Founder TEF, Tony
Elumelu said this highlights the significant contribution of the TEF’s flagship 100 million dollars Entrepreneurship Programme in advancing Africa’s socio-economic development.

He noted that 13 years ago, the foundation took a bold step to rewrite and change Africa by enhancing entrepreneurship development to galvanize African solutions.

He spoke on the seed capital, training and mentoring and networking provided by TEF, adding that: “We have lit a beacon, and we need the beacon to shine brighter and better. To do this, we need the support and collaboration of everyone.

“100 million dollars is a drop of water in the ocean compared to what we need in Africa. Young Africans need economic support. We’ve seen the devastating effect of climate change, how our young ones due to hopelessness are migrating and living in difficult situations. We want to put a stop to that.”

Elumelu emphasized the need for collaboration to prioritize young Africans, bring more women to economic activities and alleviate poverty, adding that “poverty anywhere is a threat to all of us everywhere”.

Sharing the Lagos experience at the gathering, Lagos State Governor, Babajide Sanwo-Olu, said that TEF’s work aligns with Lagos State programmes on economic empowerment and poverty reduction.

Sanwo-Olu said that collaborative efforts must be evolved to enhance the scale of impact to deepen inclusion, equity and fairness.

Also speaking, Ahunna Eziakonwa, Assistant Administrator and Regional Director for Africa (UNDP) said they partnered TEF due to similar belief in galvanising development across Africa and globally, adding that Africa’s wealth was its population, which constitutes 70 per cent of young, vibrant and innovative Africans.

“It is our loss if we don’t invest in them because that is the future of prosperity,” she said, just as she called for enhanced collaboration and investment to strengthen economic development of African youths.

In her address,TEF’s Chief Executive Officer (CEO) Somachi Chris-Asoluka, said the organisation is the partner of choice for all development agencies across the world who want to transform the way they give to Africa, who want to have a more catalytic, impactful partnership with the African continent.

She said: “The Tony Elumelu foundation is a leading philanthropy in Africa empowering young African entrepreneurs from all 54 African countries.

“We launched our flagship program, the Tony Elumelu foundation Entrepreneurship programme in 2015 with a $100 million commitment by Mr Elumelu and his family.

“His goal was to see 10,000 African entrepreneurs over 10 years, in only eight years, we have more than surpassed that target so date.

“We have funded 18,000 entrepreneurs, disbursing over a 100 million dollars directly as seed capital to these entrepreneurs and they have gone on to create over 400 thousand jobs across all African countries.”

Mohammed Shosanya

Eko Electricity Distribution Company (EKEDC), has attained another milestone with the conferment of internationally recognized certification in Information Security Management System, ISO 27001:2013.

The ISO 27001 certification is the global standard for information security management systems that ensures that organizations keep information assets secure by building an information security infrastructure against loss, damage, theft, and other threats to information assets.

The Management Team of EKEDC and Leitung Gate Limited at the presentation of the Certificate last Friday,at EKEDC’s Headquarters in Marina, Lagosa statement said.

Managing Director/CEO of EKEDC, Dr Tinuade Sanda, was thrilled to receive the certification after a rigorous audit process by internationally certified auditors based in India, Syndicate of International System Certifications (SIS Cert.) in conjunction with Leitung Gate Limited, who provided all the needed support. She added that it is a testament to the Company’s commitment to the highest security, ethical and professional standards.

She added:”It is quite remarkable that we can achieve this after a meticulous exercise by the certifying body. I am particularly pleased with my team’s support throughout the audit process. I also want to appreciate the special workgroup and champions who saw this through. I am humbled to lead this great group of dedicated and talented individuals.”

Speaking,the Chief Information Officer of EKEDC, JP Attueyi, disclosed that the certification is awarded to organizations that have implemented a framework of policies and procedures that systematically manage and protect sensitive data.

He further expressed the company’s dedication to attaining the best-in-class certifications and implementing global best practices in all areas of its business.

He said, “As technology advances, it is essential that we provide appropriate security for all information entrusted to us by our esteemed customers and other stakeholders. I want to reassure all our customers, partners and other stakeholders that the information we gather is treated with utmost confidentiality in accordance with the ISO 27001 standards.”

Gulder Lager Beer, a household name in Nigeria’s alcoholic beverage industry,has reiterated its commitment to changing lives in Nigeria.

The spotlight shone brightly at the Gulder Ultimate Reward event held on Tuesday, at the Lascofis Bar in Ogba, Lagos. The event, which will be etched in the minds of stakeholders for a long time, is a further testament to the transformative power of loyalty, dedication, and the pursuit of excellence.

Gulder honoured its esteemed partners, who have played pivotal roles in the brand’s journey to excellence. The selected 15 retailers received ten crates of Gulder, while the ten winners in the regions were presented with 42-inch television sets, generator sets, and deep freezers.

Four sub-distributors, the unsung heroes ensuring Gulder reaches every corner of Nigeria, were each rewarded with fifty crates of Gulder and Tricycles, a token of appreciation for their indispensable contributions. The winners were selected across Benin, Ibadan Lagos-North, and Lagos-South regions respectively.

But,the crowning moment of the event arrived with the announcement of the prestigious Grand Prize – a brand new IVM Ikenga car was presented to Taofeek Shodiya of Tasho Limited, a long-committed distributor to Gulder’s success. His extraordinary journey and steadfast dedication to Gulder underscore the brand’s enduring message that loyalty and dedication have the power to elevate lives.

Alhaji Tasho, speaking about his experience, expressed, “Being a Gulder distributor is the best decision I ever made. It’s not just about business; it’s about being part of a family that rewards dedication and hard work. This car is not just a prize; it’s a symbol of the opportunities that Gulder provides to change lives.”

“Gulder Lager Beer has always been more than a beverage; it’s a symbol of strength, determination, and the extraordinary. At the heart of our success are the dedicated partners who have embraced these values.,” stated Chima Dim, Brand Manager, Non-Lager and Craft, Nigerian Breweries.

“We have come to be known as a home brand, a go-to brand for, family, entertainment, and relaxation. Our success story has been one encapsulated and driven by those of our consumers and distributors, and that is why The Gulder Ultimate Reward event is not just a celebration; it’s a testament to the life-changing impact of loyalty and dedication. We are proud to say that being a Gulder distributor is not just a business decision; it’s a journey of transformation, and we look forward to many more shared successes,” he added.

Gulder remains dedicated to providing remarkable experiences and shaping the lives of its partners. The Gulder Ultimate Reward will continue to inspire and motivate partners to reach new heights while reaffirming the brand’s belief that loyalty and dedication are the keys to changing lives.

Mohammed Shosanya

Africa’s e-commerce company, Jumia, has revealed a significant 28.1% drop in its customer base in its second quarter financial results.

It attributed the decline to the debilitating impact of inflation on its primary operational markets, including Nigeria, Ghana, and Egypt.

Its active consumer count plummeted by 1 million year-on-year, settling at 2.4 million in Q2 2023 compared to the 3.4 million registered during the same period the previous year.

Besides, Jumia’s Gross Merchandise Value (GMV), indicating the total value of goods sold on the platform, experienced a sharp 25.1% decrease, dwindling from $271.1 million in Q2 2022 to $202.3 million in Q2 2023.

These results follow Jumia’s recording of accumulated losses of approximately $2 billion in the third quarter of 2022.

The platform’s orders for products also took a down turn, plummeting by 36.5%. In a direct comparison, the company went from processing 10.3 million orders in Q2 2022 to a mere 6.5 million in the same period this year.

Speaking,Jumia Group’s CEO, Francis Dufay, emphasized that despite the dip in revenue and dwindling customer numbers, the company remains steadfast in its pursuit of loss reduction and the journey toward profitability.

He said:“In the second quarter of 2023, both Adjusted EBITDA and Operating losses decreased by 66% year-over-year, reaching the lowest loss levels in over 4 years.”

He announced an updated Adjusted EBITDA loss guidance for the entirety of 2023, now projected at $90-100 million, a revision from the previous estimate of $100-120 million. He explained, “We are navigating challenging macro conditions with discipline and focus, doubling down on our efficiency efforts.”

Dufay acknowledged the hardships posed by inflation in Nigeria, Ghana, and Egypt, emphasizing the erosion of purchasing power among consumers in these markets.

Mohammed Shosanya
Daikin, a global innovator and provider of advanced, high-quality air conditioning, heating, ventilation, and refrigeration (HVAC-R) products and solutions for residential, commercial, and industrial applications, and in partnership with DaiTech Nigeria Limited, unveiled the new flagship facility, having retail and commercial sales, service and training centre in Lagos, Nigeria.

The Centre, called Daitech Solutions Centre, is located at Greenville Plaza, 10 Adeola Odeku Street Victoria Island,Lagos.

The new Daitech Solutions Centre in Lagos will showcase a wide range of Daikin air conditioning products, including split and multi-split systems, ducted systems, air purifiers, and VRV systems for residential, business, and industrial applications,a statement said.

“We are delighted to open our new DaiTech Solutions Centre in Lagos, which will offer our customers the opportunity to experience first-hand the quality, comfort and energy efficiency of Daikin HVAC systems,” said Mr. Suraj Rupani, CEO of DaiTech Nigeria Limited, the authorized distributor of Daikin in Nigeria.

“With our state-of-the-art facility, we aim to provide our customers with the best possible air conditioning solutions for their homes, businesses and other applications.The new facility will provide customers with a comfortable and informative environment to explore and learn about the latest Daikin air conditioning products and solutions. Knowledgeable sales staff will be on hand to provide expert advice and help customers find the best air conditioning solutions for their specific needs”

The premises also has a training centre, fully equipped with air conditioners, tools and installation equipment from Daikin factories. This training facility will be a center of activity for generations of aspiring HVAC engineers in Nigeria.Tuna Gulenc, Vice President at Daikin MEA said:

‘’Daikin’s focus to Nigeria signifies our commitment to meeting the increasing demands of the market in line with our Africa expansion and localization plans. Through the new facility opening, we aim to address the specific needs of the Nigerian customers by introducing cutting-edge technologies and products that guarantee optimal air quality, unparalleled comfort, and remarkable energy efficiency. We are excited to extend our partnership with DaiTech offering top-tier air conditioning systems that prioritize both performance and environmental considerations.

’’To celebrate the grand opening of the Centre, DaiTech will offer a special discount up to 10% off on all its products for a period of two weeks from 1st June till 14th June 2023.”We look forward to welcoming our customers to our DaiTech Centre and demonstrating how Daikin air conditioning systems can help them achieve a comfortable, energy-efficient and healthy indoor environment,” said Mr. Rupani.