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Nigeria’s Telecom Access Gaps Drop by 53%

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The number of identified areas of clusters across Nigeria without access to the telecommunications services has been reduced by 53.1 per cent as at the end of 2022.

The Executive Vice Chairman and Chief Executive Officer of the Commission, Prof. Umar Garba Danbatta, disclosed this at a recent telecoms industry stakeholders forum in Yenagoa, Bayelsa State.

Danbatta, who was represented at the Forum by the Head, Pre-Licensing at the Commission, Usman Mamman, said from 207 clusters of access gaps in 2013, the industry has witnessed a reduction to 97 as of end 2022 by bridging 110 clusters of access gaps, representing a 53.1 per cent reduction.

He said by implication, the number of Nigerians who fell within the access gap which were estimated at 37 million in 2013 has been reduced to 27 million, following increased access to telecoms services by those hitherto not digitally included.

Access gaps refer to the cluster of communities or grouped areas in different parts of the country that are bereft of access to telecom services and till date, the NCC has reduced clusters of access gap by more than half.

Danbatta said: “We have worked tirelessly to ensure we bring telecom services to people living in rural, unserved, and underserved areas of this country, totalling 37 million people courtesy of the consultancy that was conducted in 2013. By 2019, we had succeeded in reducing the clusters of access gaps to 114 through the deployment of the necessary infrastructure needed to bring services to people living in rural, unserved and underserved areas of the country. The deployment of infrastructure is in terms of base transceiver stations, which resulted in the reduction of Nigerians in those clusters from 37 million to 31 million in 2019. By 2022, we have reduced the clusters of access gaps to 97 from 207 in 2013. The number of Nigerians again have come down from 37 million in 2013 to 27 million as we speak. We achieved this by deploying, from 2009 to 2011, a total of 79 new base transceiver stations.”

Danbatta stated that in 2013 to 2018, the telecom sector also witnessed the deployment of additional 124 base transceiver stations while from 2019 to 2022, a total of 364 base transceiver stations were deployed.

“So far, the total number of base transceiver stations we have deployed to date between the time the access gaps were identified till the end of 2022 are 567,” he said.

While describing the reduction in access gap so far as a landmark, Danbatta, however, said the Commission will not rest on its oars as it thrives to ensure that the remaining 27 million Nigerians, who currently lack access to telecoms services, are provided with services.

Meanwhile, the EVC said part the regulatory interventions of the Commission to bridge the remaining 97 access across the country to provide ubiquitous connectivity in all the nooks and crannies of Nigeria are the issuance of the Mobile Virtual Network Operator (MVNO) Licences and the deployment of Fifth Generation (5G) networks, among others.

World Bank: Global Growth to Decline to 2.1% in 2023 from 3.1% in 2022

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Global growth is set to slow in 2023 to 2.1 percent.

Tight global financial conditions and subdued external demand will weigh on growth across emerging market and developing economies.

Downside risks include more widespread banking stress and tighter monetary policy.

Global co-operation is needed to bolster financial regulatory reform, mitigate climate change, and provide debt relief.

Central bank credibility remains critical for macro-economic stability.

Fiscal space can be gradually rebuilt through increased spending efficiency and domestic revenue mobilisation.

Reversing slowing potential growth will require reforms to foster physical and human capital, labor supply, productivity of services, and trade.

Online Voting Commences for Nominees of Nigerian Healthcare Excellence Award 2023

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Online voting has commenced for the Nigerian Healthcare Excellence Award 2023 (NHEA) for nominees who were able to scale the first round of assessments by the NHEA Jury.

Duchess, Cedarcrest, AXA Mansard, Total health Trust, GE, JNCI, UBA, Access Bank, Echolab, Pyramid Diagnostics and over 100 other organizations and individuals have been nominated.

Speaking on the nomination and voting, Moses Braimah, NHEA Director of Communication, Marketing & Strategy says, “nomination closed on May 23rd, 2023, with so many surprises and excitements. We are now at the final stage where voting has commenced by the public and some categories of shortlisted nominees are being visited by our team of inspectors to verify claims made by nominators for nominees.”

Vivian Alikali, NHEA Executive Secretary, says “the voting process requires the potential voter to visit the NHEA voting portal, (https://nigeriahealthcareawards.com.ng/online-voting/) to register in order to create an account, which is then authenticated via the email provided by the registrant. After successful registration, the voter can then begin voting after login. “

Voting will end at midnight on June 20, 2023. Winners will be announced at a grand ballroom ceremony on Friday, June 23, 2023, at Eko Hotel & Suites Victoria Island, Lagos.

The NHEA Jury shortlisted nominees from over 30,000 nominations that were received. Other nominees that made it include Anambra State, Kano State, EHA Clinics Kano, Evercare Hospital, Save a life Hospital PH, Clinix Healthcare, Pyramid diagnostics PH,

Clinix Healthcare, Me Cure Healthcare Limited, Hygeia HMO, Advantage Health, Mobi Health’ Nordica Fertility Centre, Dee Medical Centre Jos, Renal Dialysis Centre, St. Nicholas Hospital, Zenith Medical & Kidney Centre Abuja, Eye Foundation Hospital, Tulsi Chanrai Foundation Eye Hospital Abuja, First Mobile Dental, Beaconhill Smile Clinic, Choice Dental, Lakeshore Cancer Center, NSIA Luth Cancer Center. Astella Physiotherapy Clinics, Enugu, Crown Healthcare, PPC Limited, GE Healthcare, Healthplus, Medplus Pharmacy, Ecomed, Emzor, GSK Plc, MyMedicines, Mpharma, etc.

The award is aimed at recognizing and celebrating the achievements of personalities and organizations who have contributed immensely to the growth and development of the Nigerian health sector in the last one year.

In addition, it will recognize the rapid growth of Nigeria’s healthcare sector, the role of technology and the capacity of organizations and individuals to influence and set new performance standards in Nigeria and beyond.

NHEA, the Oscar of Nigeria healthcare is supported by PharmAccess Foundation.

The award is organised by Global Health Project and Resources (GHPR) in collaboration with Anadach Group, USA.

Access Bank Unveils 1st American Express Cards in Nigeria

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In maintaining its leadership status as Nigeria’s most innovative bank, Access Bank has unveiled two new consumer credit cards: the Access Bank American Express Gold Card and the Metal Platinum Card.
These are the first American Express cards to be issued in Nigeria and West Africa.
By launching these cards, Access Bank has improved its overall offering to its retail and private bank customers, who can now enjoy the Membership Rewards loyalty programme and a wide range of travel and lifestyle benefits.
In 2019, Access Bank signed an agreement with American Express to start acquiring merchants, enabling businesses across the country to accept payments from international American Express Cards. The bank is now ready to issue the first American Express credit cards in West Africa.
The Gold and Platinum Cards showcase the international American Express card design, featuring the distinctive ‘Centurion’ icon.
Similar products are also issued outside of Nigeria by American Express or third parties licensed by American Express and provide cardmembers with extensive rewards and benefits.
Through Access Bank, this credit card experience is now available in Nigeria.
Herbert Wigwe, Group Managing Director, Access Holdings, said the cards will be available by request and invitation and customers who have signified interest will begin to enjoy the usage from Tuesday, June 13, 2023.
He said: “We are a bank of many firsts. We do have a wide network and with this partnership, AMEX will have 60 million customers supporting this partnership. It is a massive endorsement for us to work with AMEX in this partnership.
Roosevelt Ogbonna, Managing Director and CEO of Access Bank said: “The launch of American Express Cards in Nigeria is another milestone in the continued development of a vibrant and fast-growing payments industry. Customers want more than transactions – they want real value.
“With American Express, we can provide valuable card benefits, strong loyalty rewards, and a real reason to use electronic payments instead of cash. By diversifying our services to facilitate payments, we can connect more consumers to the SMEs and retail businesses across the country who we know are the engine of economic growth.”
Chizoma Okoli, Deputy Managing Director, Retail South, Access Bank, said the unveiling of the credit cards is a testament to the bank’s leadership role in the country.
Her words: “We are always at the forefront in the banking sector here in Nigeria and this is our newest innovation as we lead others. You can see these AMEX cards anywhere in Nigeria except here at Access. I know our customers who are going to reap the benefits will be proud of us”.
Victor Etiokwu, Deputy Managing Director, Retail North, said the partnership with American Express is not the first and won’t be the last.
He said: “In the payment world, it is important to have varieties and as a financial sector supermarket, we have varieties of lovely items for the benefit of our customers. AMEX is a unique brand and we have always wanted to have them on our portfolio and we are glad this has become a reality. We will continue to collaborate with AMEX.
Mohammed Badi, President, Global Network Services at American Express, said: “By granting Access Bank a license to launch the first-ever American Express Cards in Nigeria, American Express’ presence in Africa is becoming even more vibrant. The Access Bank American Express Gold Card and the metal Platinum Card enhance the credit card experience in Nigeria with special benefits, access, and service – for Cardmembers both in Nigeria and when travelling overseas.”
Alongside dual-currency functionality (NGN/USD) and international acceptance, the American Express cards include airport lounge access, car rental perks, membership rewards, loyalty points, as well as insurance and protections.
On top of these features, the Platinum Card also offers expanded airport lounge benefits, with complimentary access to more than 1,400 lounges through the American Express Global Lounge Collection.
There are also Hotel perks and upgrades through The Hotel Collection and Fine Hotels + Resorts, special status access in the Hilton Honours, Radisson Rewards, and Marriott Bonvoy rewards programmes.
Other benefits include complimentary access to hotel membership programmes, with Tablet Plus membership and Mr & Mrs. Smith Gold status, 24/7 travel and lifestyle concierge services.
At the launch, Briana Wisley, Vice President and General Manager, Network Partnerships EMEA, American Express, while commenting on the partnership between Access Bank and AMEX said it was only Access Bank that ticked all the boxes they were looking for and AMEX is happy to be doing this with Access Bank.
She said: “Across Nigeria and in West Africa, Access Bank has a great record of expertise and innovations in the payment space. And this is why we are excited to have them as the issuing partner for this product in Nigeria and West Africa. So, it is very exciting for both of us.
“We are a globally integrated payments company and one of the world’s largest card issuers. We are happy with Access Bank and we give customers access to products, insights and experiences that make life better and help grow business value. Today, we have more than 135 million cards globally. You can use them in over eight million locations in 198 countries and territories.
“So, you can see that we are a global brand and we are glad that Access Bank customers are now going to enjoy all the benefits of having AMEX cards. One of our key objectives is to continue expanding that scale and relevance globally. And we do this in many ways by investing to modernize the AMEX network by launching innovative products and granting licenses to financial institutions like Access Bank, which can issue cards and grant access to our cards to millions of merchants.
“In fact, since 2017, the number of places you can use your AMEX cards globally has more than tripled. And that is a great part, thanks to our wonderful partners like Access Bank”.

About Access Bank Plc
Access Bank, a wholly owned subsidiary of Access Holdings Plc (“Access Corporation”), is a leading full-service commercial bank operating through a network of more than 600 branches and service outlets, spanning three continents, 18 markets, and 52 million customers.
The bank employs 28,000 people in its operations in Nigeria and has subsidiaries in sub-Saharan Africa and the United Kingdom, a branch in Dubai, UAE, and representative offices in China, Lebanon, India and now France.

Access Bank’s parent company, Access Corporation, has been listed on the Nigerian Stock Exchange and has over 900,000 shareholders.
As of March 31, 2022, Access Bank had total assets of approximately $28.8 billion.

It has won many awards globally, including the Best Commercial Bank in Nigeria by the International Banker Award for 2021 and the Outstanding Business Sustainability Achievement Award of the Global Sustainable Finance Awards, Karlsruhe 2022 by the European Organisation for Sustainable Development (EOSD).

 ‘We Are Promoting Adire to Support SMEs to Play in AfCFTA, Boost Tourism, Culture in Africa’ – Ecobank

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L-R: Former Managing Director, Ecobank Nigeria, Patrick Akinwuntan; Former Group CEO, Ecobank Transnational Incorporated (ETI), Ade Ayeyemi; Former Managing Director, Bank of Industry (BoI), Evelyn Oputu; Managing Director/Regional Executive, Ecobank Nigeria, Bolaji Lawal and President, Africa Fintech Network, Dr. Segun Aina, during the Ecobank Adire Experience in Lagos.

It was a beehive of activities and funfair at Ecobank Adire Lagos Experience which took place over the weekend at the sprawling Ecobank Pan African Center (EPAC), Lagos.

The 3-days Adire exhibition which is the second edition according to the bank is to promote culture, tourism, Micro, Small and medium Enterprises (MSMEs) to benefits from the African Continental Free Trade Area (AfCFTA).

Originating from Abeokuta in Southwestern Nigeria, Adire textile is an indigenous indigo-dyed cloth made by using different wax resist methods to create dazzling designs.

The exhibitions witnessed the influx of topflight exhibitors, government functionaries, culture enthusiasts, social media influencers, artistes, local and foreign tourists, traditional rulers, diplomats, and members of the National Union Textile Garment Tailoring Workers of Nigeria (adire Sector).

Managing Director/Regional Executive, Ecobank Nigeria, Bolaji Lawal, speaking at the event said the support for Adire textile was a demonstration of the bank’s commitment to supporting MSME growth in Nigeria, stressing that the bank was impressed and motivated by the phenomenal success of the maiden edition held last year.

“We believe that through this event we are showcasing the enormous potentials in adire clothes. If you look at what Ghana has done with kente and America with jeans, we want to promote adire as a Nigerian clothing brand to the world,” he stated.

Speaking in the same light, Kola Adeleke, Executive Director, Commercial Banking, observed that the bank’s support was to connect the SMEs to the world and play in the AfCFTA landscape, stating that with the bank’s footprint in Africa and unified payment system, it was capable of taking adire to the world stage.

According to him, “Ecobank has the largest presence in Africa. We have presence in 33 countries in Africa. That gives us the opportunity and advantage to connect African businesses across the continent. When you look at the impact, we are making in the SME sector in the country, there is a need to deepen the opportunities in the market. Producing quality products will give our Nigerian producers the opportunity to sell their products to other Africans across the continent.”

Adeleke observed that the bank’s support for adire goes beyond exhibition but supporting the producers to play in the international market.

“Ecobank has a single market app which we have built. Our customers can onboard and on the app; they can advertise their products. This app is accessible to other Africans across the continent. So, this is the kind of support that we are looking at beyond providing the normal financial advisory services but connect entrepreneurs across the world.”

Mrs Korede Demola-Adeniyi, Head, Consumer Banking, said the exhibition is part of the bank’s contribution to boost the nation’s tourism, culture and the creative industry using adire as a key driver, adding that the bank was impressed with the turnout of high-profile exhibitors, vendors, dignitaries from different parts of the world.

According to her, “the bank is encouraged with the success of the maiden edition which took place last year.  It is in line with our brand promise as a pan-African institution to promote culture and boost tourism on the continent. We are impressed with the patronage and interest shown by exhibitors and dignitaries from all walks of life.”

“The 3-days event also featured a series of masterclasses as well as networking opportunities with entrepreneurs, shoppers and everyone interested in the making or trading of adire,” she said.

Cross section of exhibitors, shoppers, and vendors were full of praises for Ecobank, urging the Pan African bank to make it an annual event as promised.

 

 

Access Bank Launches the first American Express Cards to be issued in Nigeria

Danbatta Receives APPON Award, Assures of Broadband Support for e-Procurement

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L-R: Prof Umar Garba Danbatta, Executive Vice Chairman/Chief Executive Officer, Nigerian Communications Commission (NCC) and Chief Ahmed Akasoro, The Ashogbon of Lagos, at the presentation of the Procurement Compliance Excellence Service Award to Danbatta during the 3rd Annual National Conference/Induction Award Ceremony by the Association of Public Procurement Practitioners of Nigeria (APPON) held in Lagos recently.

The Association of Public Procurement Practitioners of Nigeria (APPON) has conferred the Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, with the “Excellent Service Delivery and Accountability Award.”

The award was in recognition of Danbatta’s outstanding performance and contribution to the canons of the public procurement profession in Nigeria by ensuring that the NCC complies strictly with the provisions of the Public Procurement Act (PPA) 2007.

He received the award at the 3rd Annual National Conference and Awards Ceremony organized by the APPON in Lagos recently.

Danbatta was adjudged to have led an NCC that is transparent and open and compliant with the provisions of public procurement as enshrined in applicable laws of the land.

In his remark, APPON National President, Akparawa Kanico, congratulated the EVC for his remarkable leadership and ability to inspire everyone around him towards ensuring effective procurement process in the Commission.

He stated that the leadership finesse and administrative prowess of Danbatta have reflected in the impressive growth that the telecoms sector has witnessed in being an enabler of growth in other sectors of the economy and the national economy as a whole.

Responding, the Danbatta appreciated the organisers of the Awards for the recognition while describing it as ‘a great motivation to him and the Commission to be more transparent, open and process-driven in its procurement activities.’

Meanwhile, speaking on the topic: “Implementation of e-procurement in Nigeria: Prospects and Challenges” at the event, Danbatta said broadband connectivity, being driven by the Federal Government, through the Commission, will enhance electronic procurement (e-procurement) that will ensure greater accountability and transparency in governance process in Nigeria.

He stressed that e-procurement was the way to go and that the Commission will continue to create the enabling environment required for e-procurement to thrive through NCC’s dedicated commitment to driving the attainment of ubiquitous broadband connectivity across Nigeria.

Danbatta said Nigeria’s investment in broadband infrastructure is yielding substantial benefits for the country’s e-procurement sector, revolutionising the way businesses engage in procurement processes, especially Government-to-Business (G2B) and other e-government activities.

“With the new administration in the country making broadband connectivity an outstanding pillar in its policy thrust, the Commission would continue to focus on improving broadband infrastructure to change the landscape of procurement governance, and help to unlock new possibilities for businesses and public institutions.

“With improved Internet connectivity, businesses across the country now have faster and more reliable access to e-procurement platforms, enabling them submit proposals, monitor tender opportunities in real time, and participate in online bidding process,” he said.

At the event, two members of staff of the Commission were inducted as APPON Fellows.

They are Adejoke Atte, NCC’s Head of Procurement Department and a Principal Manager in the department, Bernard Kwembeh.

 

 

 

5 Nigerian Insurers Under Investigation over Alleged Under-selling of Motor Insurance

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Mr. O. S. Thomas

Commissioner for Insurance/CEO

National Insurance Commission

Federal Republic of Nigeria

A total of five insurance firms in Nigeria are currently under investigation over alleged under-selling of Third-Party Motor Insurance policies below the N15, 000 official rate approved by the industry regulator, National Insurance Commission (NAICOM) effective January 1, 2023.

Agents at motor licensing offices in Lagos alleged they were selling the policies between N5, 000 and N8, 000 on behalf of the said insurers.

Business Journal initiated the investigation following the May 24, 2023 circular on the issue by the Nigerian Insurers Association (NIA).

The NIA circular (Ref: NIA. MTPC/YI23), which was signed by Mrs. Yetunde IIori, Director-General/CEO, Nigerian Insurers Association (NIA) read in full:

ADHERENCE TO THE APPROVED RATES FOR MOTOR INSURANCE

Following the decision reached at the 2023 CEOs retreat in respect of the need to implement the new premium rates on Motor Insurance, it has become pertinent for the Association to reiterate the need for companies to sell motor insurance policies at the approved rate.

The Secretariat has received reports that some companies are selling below the approved rates, and this does not augur well for the growth of the market even as it brings serious reputational issues to the insurance business.

Also, the Governing Council is displeased with the activities of agents within licensing offices engaged by member companies to sell third-party motor insurance at reduced rates and other such arrangements.

The Association will not hesitate to report defaulting companies to the National Insurance Commission (NAICOM).

Companies are therefore enjoined to ensure compliance to avoid regulatory sanction.

Lamenting the situation, the CEO of a major player in the market, who spoke to Business Journal on the condition of anonymity said:

“It is disheartening that some of us are sabotaging a policy that is designed to increase our revenue base and ensure sustainable growth of our business.

Even before the May 24 circular by NIA, some of us were already aware of such unprofessional misconduct at various licensing offices across Lagos.

Today, petroleum subsidy has been removed, creating escalating operational cost for operators and food inflation, which puts immense pressure on insurance companies to increase the salary of workers in view of the present economic situation in the country. So, why should any right-thinking insurer sell third party motor insurance policy below the N15, 000 rate approved by NAICOM? It’s unfortunate.”

Commenting on the development, the Publisher/Editor-in-Chief of Business Journal, Prince Cookey stated:

“We are working with 12 motor licensing agents to verify and ascertain the credibility of the allegation against the named five insurance companies. We shall follow the facts wherever they lead to.

The exercise is our little contribution towards the enthronement of professionalism and sanity in the Nigerian insurance industry.

Once the investigation is completed, the report would be published across our media spectrum: online, magazine, newspaper and official social media handles.”

Read more: www.businessjournalng.com

 

Telecom Sector Contributed N2.508Tr to Nigeria’s GDP in Q1 2023

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The telecommunications and Information Services sector in Nigeria has in the first quarter 2023 delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s Gross Domestic Product (GDP), representing 14.13 percent.

Figures released by the National Bureau of Statistics (NBS) showed that the sector recorded a 4.3 percent   increase from its performance in the last quarter of 2022 when it recorded 13.55 percent.

When compared on a year-on-year basis, the growth showed a positive progression from 12.94 percent in the first quarter of 2022, to the 2023 figure of 14.13, which is an approximate growth of 9.19 percent.

The percentage of telecom contribution to GDP was calculated from 46 distinct sectors of the economy, which constitute telecom and information services baskets.

The Nigerian telecom industry has continued its show of positive outlook, which is credited to the innovative and predictable telecom regulatory environment promoted, and implemented by the Nigerian Communications Commission (NCC).

One of the key highlights of the telecom industry performance within the period was the generation of $820.8 million for the federal government from 5G spectrum licences fees paid by three eventual winning operators, MTN, MAFAB and Airtel.

Following the issuance of the licences in December 2021 to MTN and MAFAB, both companies have launched 5G services. Airtel, which received its licence in December 2022, is set to launch services this month, June 2023.

Another major development in the sector was the launch of Starlinks broadband services, a satellite-based wireless broadband services with potential nationwide coverage.

This followed the issuance of licence to Elon Musk-owned SpaceX by the Commission. The services are now available in different parts of the country.

Meanwhile, the growth statistics of the telecom industry are showing an impressive record of contributions to the economy.

The number of phone subscribers as at April 2023, stood at 223.6 million subscribers, scoring a teledensity of 117 per cent.

Internet subscribers for the same period were 157 million while broadband subscriptions stood at 92 million, translating to 48 percent broadband penetration in the country.

Sanlam, aYo Partner to Provide Affordable Insurance for all Nigerians

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L-R: Country Manager, aYo Nigeria, Kayode Odetola; Group Chief Financial Officer, aYo Holdco, Yvonne Bredenhann; Group Chief Executive Officer, aYo Holdco, Marius Botha; Head, Corporate Distribution, Sanlam General Insurance, Shola Osho, and Managing Director/Chief Executive Officer, Sanlam Life Insurance, Tunde Mimiko, during the press briefing to launch microinsurance product ‘Recharge with Care’ by Sanlam and powered by aYo on Thursday, June 8, 2023 in Lagos.

Sanlam, Africa’s biggest insurer, has partnered with the continent’s emerging microinsurance fintech, aYo Holdings, to revolutionise insurance in Nigeria in support of Sanlam’s drive to offer local consumers affordable life and hospitalisation cover.

aYo acts as a technology service provider to Sanlam in Nigeria. It will coordinate technical integration for the underwriter of microinsurance products and provide platform services to enable mobile money and third-party payment offerings. This will enable Sanlam to offer easy-to-understand, convenient and affordable products that challenge traditional insurance offerings in the market.

Kayode Odetola, Chief Executive Officer of aYo Nigeria, said the company aims to drive greater financial inclusion by using technology to make financial services more readily available across the country.

Mr. Odetola said the low insurance penetration rate in Nigeria (less than 1% of GDP) is one of the lowest in Africa. “Most people think insurance is a luxury product, but we want to show that people with all levels of income can get peace of mind at an affordable cost, to help take care of their financial health in the face of unexpected events,” he said.

“From the seamless onboarding process to the ability to track cover in real-time, we aim to change the perception of insurance by dealing with one of the most important challenges, which is trust,” Mr. Odetola added.

At launch, the Sanlam Recharge with Care product will offer up to N300,000 in life cover and up to N6,500 per day in hospitalisation cover that can be purchased using mobile money wallets and other payment options. Customers can sign up using the progressive web app (PWA) www.sanlam.ayo.com.ng, with a USSD option planned for phase 2.

Mr. Odetola said telco-driven financial services products were well suited for Nigeria’s vast underserved population, which is expected to benefit significantly from Sanlam’s affordable life and hospitalisation covers.

Tunde Mimiko, Chief Executive of Sanlam Life Insurance Nigeria Limited, said the aYo partnership reflects Sanlam’s commitment to deepening insurance penetration in Nigeria by providing accessible life insurance products to more people.

“At Sanlam Nigeria, we aim to form partnerships with organisations who understand the local market and share our values and culture. We’re constantly seeking innovative ways of bringing affordable and fit-for-purpose insurance to all Nigerians. With a trusted partner like aYo on board, the possibilities are as endless as they are exciting,” said Mr. Mimiko.

aYo launched in January 2017 in Uganda and has since expanded its operations across Ghana, Zambia, Côte d’Ivoire and Cameroon, through its stakeholder partnerships with MTN and Sanlam.

“Insurance, and the peace of mind it provides, has become more important than ever in today’s fast-paced world, where risks are a part of our daily lives. You never know when you will have to pay to get back on your feet after an accident or an illness. Often, the cost is so large that it goes beyond your immediate financial capacity, and that is where insurance will be most helpful,” Mr Mimiko added.

 

About Sanlam

Sanlam is a pan-African brand with a rich history and heritage founded in 1918 as a life insurance company. Headquartered in South Africa, the brand has grown to become Africa’s largest non-banking financial services group, with a strong presence in 33 countries on the African continent, including Nigeria, and a niche presence in India, Malaysia, the United Kingdom and Australia. Indeed, Sanlam operates in 8 out of the 10 largest economies in Africa, with over 154,000 employees globally, delivering superior value to customers, shareholders and the broader society.

Sanlam Nigeria, formerly FBNInsurance, comprising Sanlam Life Insurance Nigeria Limited and Sanlam General Limited, is Nigeria’s fastest growing insurance company with multiple awards and recognitions, including 4-time World Finance Life Insurance Company of the year, among others. With a presence in over 66 locations, the brand is easily one of the most retail-driven insurers in Nigeria, boasting a sales force of over 3000 sales champions and strong, user-friendly technological support to ensure on-the-spot policy uptake. For more information on Sanlam Nigeria, visit www.sanlam.com.ng

 

About aYo

At aYo, we provide fast, convenient, easy-to-use technical solutions for insurance product delivery and engagement directly to a user’s mobile phone.

Since launching in 2017, aYo has facilitated the payment of over $ 2 million in claims through our operations across Uganda, Ghana, Zambia, Côte d’Ivoire and Cameroon.

 We help enable financial inclusion in Africa by offering our customers easy ways to get hospital cover, life cover protection and other general insurance offerings. We specialise in insurance solutions for irregular-income earners. Visit www.ayo-holdings.com for more information.

 

Niger Delta Science School Wins 2023 NLNG Science Quiz Competition in Rivers State

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​The annual Nigeria LNG Limited (NLNG)-sponsored science quiz competition in Rivers State ended recently with Niger Delta Science School, Rumuola, Port Harcourt emerging as the winner in the Senior Secondary School (S.S. 2) category.

The competition was held in three stages: the Olympiad, the Championship and the Grand Finale.

This year’s competition focussed on theme “Net Zero Science.” The quiz competition was open to S.S. 1 and S.S. 2 levels in secondary schools in Rivers State. Niger Delta Science School emerged the winner out of seven finalists in the grand finale. Oginigba Comprehensive Secondary and Enitonna High School, Borikiri took the second and third positions, respectively. Other schools that participated in the finals were Community Senior Secondary School, Rumuomasi (4th position); Model Secondary School, GRA (5th position); Community Secondary School, Aleto Eleme (6th position); and County Grammar School, Ikwerre/Etche (7th position).

Schools competing in the S.S. 1 category ended their competition at the Championship stage with Niger Delta Science School, Rumuola, winning the top prize while Government Secondary School, Oyigbo and Community Secondary School Igboetche took the 2nd and 3rd positions respectively. The S.S. 1 students were presented with prizes at the Grand Finale ceremony.

“We are very proud of the students who participated in this competition,” said Andy Odeh, NLNG’s General Manager, External Relations and Sustainable Development.

“They showed great enthusiasm and knowledge, and they are a credit to their schools and to Rivers State. We hope that this competition will inspire other young people to learn about science and to pursue careers in science-related fields,” he said.

“We are delighted that this year’s science quiz competition is focussed on climate change and net-zero emissions. This is a critical issue that we all need to be aware of, and we believe that this competition will help to raise awareness among young people and inspire them to take action and become agents of change.”

He stated that the Company recognises the importance of science in achieving its Vision of being a globally competitive LNG company, helping to build a better Nigeria.

“Science is so pervasive that there is hardly anyone in the four corners of Rivers State that hasn’t today counted on science to achieve one elementary task on the other. The fisherman who wakes up, takes his net, enters his boat, and paddles it to that part of the sea where he hopes to make his big catch has depended heavily on science. So is the teacher who woke up this morning, checked his time, his emails and updates on the phone, entered his car and drove to this place. We all depend on science to improve our lives and the way we live it. We depend on science to plan our days and do our tasks. Every new day with new discoveries and inventions, science’s hold on us becomes even stronger and tighter.

“For us at NLNG, science is far from being a subject in the classroom, it is the most credible vehicle to take us from where we are today to where we wish to be tomorrow. Like I said before, we must demystify science to make it accessible to every child in this state. One way of doing this is to create a buzz around it. This time, the buzz is a quiz competition around the subject matter. This way the young and curious can be interested in it, can be familiar with it, can,” he said.

He said that NLNG has, through several intervention projects, shown commitment to the development of science, citing the NLNG University Support Programme, targeted at modernizing and equipping laboratories and technical workshops in selected universities in six geopolitical zones in the country; Hospital Support Programme which focuses on increasing capacity in 12 teaching hospitals in the country; and The Nigeria Prize for Science, which is arguably the most prestigious science prize in Africa.

Representing the Rivers State Ministry of Education, Dr. Mrs. Ataisi Ngerebara, Director of Science and Education at the ministry, said NLNG has given opportunity to children who, before now, had no opportunity to showcase their talents. She said science was driving development in the world and that there was a need for young scientists and science enthusiasts in Nigeria to be encouraged in innovativeness and creativity. She stated that the Rivers State Ministry of Education was fully behind the NLNG Science Quiz Competition.

The competition was facilitated by Dragnet Solutions Limited and is in partnership with the Rivers State Ministry of Education and the Science Teachers Association of Nigeria (STAN), Rivers State Chapter.

The NLNG Science Quiz Competition is a great example of how NLNG is promoting science education in Nigeria. The competition is a fun and engaging way to learn about science, and it is helping to raise awareness of the importance of science in our society. NLNG is a valuable partner in the effort to promote science education in Nigeria, and its work is making a real difference.

NLNG is owned by four Shareholders, namely, the Nigerian National Petroleum Company Limited (49%), Shell Gas B.V.  (25.6%), TotalEnergies Gaz & Electricite Holdings (15%), and Eni International N.A. N. V. S.àr.l (10.4%).

NCC Chief, Umar Danbatta, Adebayo of ALTON to Lead Speakers at NDSF 2023

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The Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, the Chairman, Association of Licensed Telecommunication Operators of Nigeria (ALTON), Engr. Gbenga Adebayo, Managing Director, Internet Exchange Point of Nigeria (IXPN), Mr. Muhammed Rudman and Chief Executive Officer of Wisdom Computer  Technologies, Mr. Francis Uzor would be leading a team of speakers at the 2023 Nigeria DigitalSENSE Africa Forum (NDSF) series on Internet Governance for Development (IG4D) holding this Thursday, June 8 in Lagos.

Confirming this development, the Lead Consulting Strategist, DigitalSENSE Africa and Group Executive Editor, ITREALMS Media, Mr. Remmy Nweke said that would address various aspects of the main theme ‘5G: Data Governance, Safety and Security in Nigeria.’

Nweke revealed that Prof. Danbatta of NCC would lead the speakers’ faculty with his keynote on the theme under the chairmanship of Prof. Adesina Sodiya, President of the Nigeria Computer Society (NCS).

Just as the Vice President, Internet Society, Nigeria Chapter, Engr. Kunle Olorundare alongside, Mr. Rudman and Engr. Adebayo would be dwelling on “5G: Open Access & Role of Stakeholders” as a team of panelists.

While the CEO of Wisdom Computer Technologies, Mr. Francis Uzor would make a special subtheme presentation on “5G: Open Access & Role of Citizens” at the Welcome Centre Hotels, along the Murtala Mohammed International Airport Road, Lagos.

NDSF series on IG4D, powered by ITREALMS Media group and hosted by DigitalSENSE Africa, an At-Large Structure (ALS) certified by the Internet Corporation for Assigned Names and Numbers (ICANN), in collaboration with NCC alongside IXPN, ALTON, ISOC among others.

NCC under the leadership of Prof. Danbatta was in 2021 decorated with ITREALMS Telecom EWaste Regulator Award

Nweke recalls that Danbatta who currently is serving a second term of five years in office, earned his BEng, MSc degrees from the Technical University of Wroclaw in Poland and received his PhD from the University of Manchester Institute of Science and Technology (UMIST).

Reputed to having successfully spearheaded the attainment and surpassing of Nigeria’s national broadband target in 2018, NCC led by Prof. Danbatta banks on effective regulatory regime and various cutting-edge initiatives, Danbatta has strengthened the role of telecommunications sector as a major contributor to the country’s Gross Domestic Product (GDP) growth, and boosted telecoms investment inflows from $36 billion to over $70 billion since 2015, among others.

Before his appointment to lead NCC in 2015, Danbatta, who is a professor of telecommunications engineering, had worked in academia as lecturer where he supervised more than 60 PhD, MEng and BEng projects in diverse areas of telecommunications, rising to the position of Acting Vice-Chancellor in a Nigerian university.

He was the Vice-President of the Digital Bridge Institute (DBI), an international centre for advanced communications studies established in 2004 by the Commission (NCC) for capacity in diverse areas of Information and Communication Technology (ICT).

While at DBI, Danbatta developed expertise in the following major areas of ICT implementation, policy and regulation, including Regulation of the Telecommunications Sector of the Nigerian Economy; Competition, Interconnection and Price Regulations in a Developing Economy; and Issues Concerning Authorisation of Telecommunications Services in a Developing Economy.

Additionally, his expertise are strategies for ensuring Universal Access and Service to Telecommunications Services; Strategies towards Effective Spectrum Management in a Developing Economy; Issues on Institutional and Legal Framework for Effective Regulation of Telecommunications Services; and, New and Emerging Technologies and Impact on Regulation of the Telecommunications Sector of a Developing Economy, among others.

He is a recipient of scores of distinguished awards and certificates of honour both nationally and internationally, including the prestigious Zik Prize in Professional Leadership.

His strides in reviving the Emergency Communications Centers (ECCs) and the introduction of harmonised national emergency communication number, 112, helped the NCC to win the International Public Relations Association Golden Award in the year 2000, as the centers played a pivotal role in containing the COVID-19 pandemic in Nigeria.

Danbatta has served two terms of five years as a Member of Council for the Regulation of Engineering in Nigeria (COREN).

He is a Fellow of many professional bodies, including the Nigerian Society of Engineers (NSE), Nigerian Academy of Engineering (NAEng), Renewable and Alternative Energy Society (RAES) and Nigerian Institute of Electrical and Electronic Engineers (NIEEE).

Towards the last quarter of 2022, Nigeria awarded three 5G licences across Airtel, MTN and Mafab among other sterling achievements of Danbatta.

NAICOM, NITDA Partner on Cyber Insurance to Strengthen Digital Ecosystem in Nigeria

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The Management of the National Information Technology Development Agency (NITDA) led by its Director General/CEO, Kashifu Inuwa Abdullahi, paid a courtesy visit to the National Insurance Commission, NAICOM recently.

The team was received by the Commissioner for Insurance/Chief Executive Officer, Olorundare Sunday Thomas, and his Management team.

The purpose of the visit is to activate the process of institutionalising cyber insurance to help strengthen the digital ecosystem in Nigeria.

The two Agencies discussed the enormous benefits to the nation and have agreed to partner to ensure it is realised.

AXA Mansard: The Worst Ranking Insurance Brand in Q1 2023

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In the first quarter of 2023, P+ Measurement Services, Nigeria’s leading media intelligence consultancy, examined the media mood around commercial banks, big insurance providers and telecommunications in Nigeria.

This analysis shows editors’, publishers, journalists, and opinion leaders’ perceptions of insurance, commercial banking and telecommunication brands in the print and online media.

In the first quarter’s negative reputation survey for the insurance sector, AXA Mansard Insurance Plc came out on top with 85 percent negative rating. And despite higher income, AXA Mansard’s annual profit declined by 40 percent.

Nigeria’s commercial banking, insurance, and telecommunications sectors have maintained excellent media interactions, marketing, and awareness since the start of 2023 despite the earlier scarcity of the naira and its effect on business.

These were further enhanced by the remarkable data it gave the media in the first quarter of the year.

The media analysis monitored more than 1.3 million online publications from blogs, news sites, broadcasts, forums, and digital media in the local and global media space, as well as about 5,115 print publications (including daily, weekly, and monthly publications), from which different metadata were extracted, including the sentiments of reporters, editors, publishers, and opinion writers from various online and print publications, spokesperson analysis, CEOs performances, and other topics.

 

About P+ Measurement Services

Leading and rapidly expanding independent media intelligence consultancy, P+ Measurement Services is an AMEC member and one of Nigeria’s top media intelligence providers. The agency serves as a media watchdog and technical support to communications/public relations managers and public relations firms by assisting them in keeping track of the media health of their brands and auditing media performance.

NUBIFIE Picketing: Polaris Bank Restates Commitment to Staff Welfare

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Polaris Bank Limited has clarified that she did not violate any law in a recent disengagement of some staff which it said was done in line with the terms of the contract guiding their engagement.

The Bank was reacting to a report of the picketing of its headquarters by NUBIFIE by a section of the media.

In a statement signed by Mr. Nduneche Ezurike, Group Head, Brand Management & Corporate Communication of Polaris Bank Limited, the bank disclosed that it has engaged and will continue to engage the union to resolve any lingering labour matters.

The bank emphasised that a cordial relationship has existed between her and the union over the years and believes that concerns raised by either party can be effectively addressed through dialogue.

Polaris Bank remains committed to fostering a harmonious working relationship and ensuring the well-being of its employees.

Union Bank Partners NCF to Commemorate World Environment Day 2023

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As part of its continuous efforts to champion environmental responsibility and promote sustainable practices, leading financial institution Union Bank of Nigeria partnered with the Nigerian Conservation Foundation (NCF) to celebrate World Environment Day 2023.

World Environment Day, observed annually on June 5th, is a global platform to raise awareness, and mobilise action towards pressing environmental issues. The 2023 campaign #BeatPlasticPollution; Solutions to Plastic Pollution, calls for global solutions to combat plastic pollution.

Plastic pollution has become a global crisis, threatening our ecosystems, wildlife, and human well-being. This year’s World Environment Day aims to raise awareness and mobilise individuals, communities, and organisations to take action and make a positive impact on the environment by reducing their plastic consumption, embracing sustainable alternatives, and advocating for responsible plastic waste management.

To create awareness on environmental responsibility and encourage collective action, Union Bank employees, together with the Nigerian Conservation Foundation volunteered to educate students at Aguda Junior Grammar School, Surulere, Greg Girls Junior High School, Surulere, and Okun Ajah Community Senior Secondary School, Okun Ajah.

The students were educated on the detrimental effects of plastic pollution on the environment, highlighting the importance of reducing plastic consumption, reusing plastic, and practical tips for sustainable recycling. The Bank also donated waste bins to each school to encourage recycling and make it easier for students to do their part in reducing plastic waste.

Speaking on the Bank’s activities to mark World Environment Day, Union Bank’s Chief Brand and Marketing Head, Olufunmilola Aluko said:

“At Union Bank, we are resolute in our commitment to be a sustainability champion. This year’s focus on tackling the pervasive issue of plastic pollution resonates deeply with our commitment to environmental sustainability. We proudly partner with NCF to educate students on solutions to beat plastic pollution. By raising awareness and advocating for responsible plastic waste management, we can collectively and significantly preserve our planet for future generations.”

With its focus set on the future, Union Bank continues to lead the way in shaping a better, more sustainable future for generations to come.

 

About Union Bank Plc

Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions. The Bank is a trusted and recognizable brand, with an extensive network of over 300 branches across Nigeria.

The Bank currently offers a variety of banking services to both individual and corporate clients including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance.

The Bank also offers its customers convenient electronic banking channels and products including Online Banking, Mobile Banking, Debit Cards, ATMs and POS Systems.