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Ecobank Unveils “EPAC Studios” to Promote Africa’s Creative Industry

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Ecobank Nigeria has opened a creative studio for the promotion of talents and creativity across the African continent. Known as EPAC Studios, it is a carefully crafted space for telling authentic African stories in art, culture, lifestyle, and entertainment.

The studio is hosted on the Ecobank Pan-African Centre (“EPAC”), an edifice situated along Ozumba Mbadiwe Road in Victoria Island, Lagos. The Pan African Centre with a scintillating ambience enhances productivity and service delivery; it houses smart offices, a restaurant, a multipurpose conference hall, gym, creche, a parking lot that can accommodate 130 vehicles at a time, experience and game centre and a rooftop terrace, among others.

Announcing the opening of the studio, Head, Marketing and Corporate Communications, Jide Sipe, said the initiative by the bank is to further showcase and develop the creative industry, stating that the space is an open canvas for the public to explore, collaborate and create premium indigenous content for television, online and mobile platforms.

“The studio is designed to inspire and entertain people and also project brands through engaging and quality videos. For us as a bank, we believe in the power of inclusivity, this is why EPAC Studios is a free-to-use space, accessible to all creative minds. We are embracing partnerships and collaborations with other brands to foster a dynamic environment where ideas flourish. EPAC Studios is more than just four walls and a roof, it represents a world where we are your partners in creativity. Understanding that dreams are meant to be fulfilled, our focus is on helping you turn those dreams into reality,” he said.

“To the creative mind, I dare say EPAC Studios is the hub for innovation and expression. Our primary goal is to collaborate with you, giving life to your visions and amplifying your voices. We’re here to support your journey, offer you resources, expertise, and a platform to shine. And for those who enjoy savoring the fruits of creativity, EPAC studios allows you dive into a world of original content, from exhilarating game shows to thought-provoking podcasts and compelling product service videos.”

Ecobank Nigeria is an affiliate of the Ecobank Group, the leading private pan-African banking group. Ecobank Nigeria offers a comprehensive suite of financial services and solutions to our Consumer, Commercial, Corporate and Investment Banking clients.

NCC Announces Change to Fixed Lines Numbering Format

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The Nigerian Communications Commission (NCC), in keeping with its responsibilities under the enabling law, the Nigerian Communications Act (NCA) 2003, to manage Nigeria’s numbering resources, has announced new numbering format for fixed lines.

In the process, Nigeria’s Fixed-Lines Numbering Format has changed from eight digits to 10 digits by just adding “02” prefix before existing fixed number.

The Commission hereby informs the public of the changes and also clarifies that existing numbers will continue to operate concurrently till the cut-over date of December 31, 2023. From January 1, 2024, the new numbering format beginning with “02” prefix will be operational.

In other words, the old and new number formats are allowed to run concurrently till the cut-over date (December 31, 2023). Thereafter (from January 1, 2024), the new fixed-lines format will assume full recognition across all networks.

For example, in the new order, to dial the hitherto existing number, 09461700, please dial 02094617000.

Additional examples are: For Lagos, Abuja, Port Harcourt and Kano’s current number format of 014630643, 094630643, 084460643 and 064460643, will now be 02014630643, 02094630643, 02084460643 and 02064460643 respectively in the new numbering format.

However, it is important to note that the change only affects the Fixed Telephone Numbers. There is NO CHANGE to the existing mobile numbering format.

The announcement is made to give expression to a key responsibility of the NCC and it is consistent with the practices of the International Telecommunication Union (ITU), the United Nations arm supervising Information and Communication Technologies (ICT).

FG, NGX to Drive Startup Listings with Tech Board

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The Federal Government through the Ministry of Communications, Innovation and Digital Economy has said it intends to collaborate with Nigerian Exchange Limited (NGX) to stimulate startup listings with the newly created NGX Technology Board.

The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, stated this during a tech event themed; Invest in Africa’s Future- Let’s talk about exits- a joint initiative by the Ministry, NGX, and Future Africa in New York, supported by Stanbic IBTC, CardinalStone Partners and Chapel Hill Denham on Thursday, 21 September 2023.

Tijani noted that Nigeria had been grappling with its over dependence on oil in the last few years, adding that diversifying from heavy reliance on a single sector like the oil industry often requires increasing productivity in other sectors. According to him, this can be achieved through the application of technology and innovation, something the current leadership of President Bola Tinubu is particular about.

Listing his goals and ambitions, Tijani said the Ministry will work on creating a regulatory environment for fintechs, access to funding especially from angel investors, improve digital infrastructure, facilitate the export of tech products and services and collaborate with NGX on tailored listing options for startups via its Technology Board. The Minister said, “We cannot do all of this as a country if we do not prioritise innovation and encourage entrepreneurs to build. Nigeria is now open to investments. We want to prioritise the ability of our technology companies to export products and we are targeting Africa first and then eventually start selling to the rest of the world”.

At the same event, the Chief Executive Officer, NGX, Temi Popoola, stated that the Exchange will work assiduously to support the agenda of the Honourable Minister and the mandate of President Bola Tinubu. Whilst stating that technology is a big enabler of the capital market, Popoola said that NGX is keen on fostering innovation in the capital market, potentially to attract a larger pool of investors and mature tech companies to list on its platform.

Explaining the challenges around listings, he stated that the demand for private capital currently outweighs public capital while revealing that the NGX is in discussions with Securities and Exchange Commission (SEC) on private markets to enable the exchange do business with non-listed companies like startups.

“We will continue to do a lot of work that makes us able to attract local capital and the day tech start-ups come to the exchange, we are confident that there would be very good audience of investors that would want to own a bit of their shares. This is what we at NGX are doing by removing all barriers for that to happen,” the CEO said.

Also speaking at the event was the CEO, Flutterwave, Olugbenga Agboola who noted that his company is focused on the Nigeria project as most of its investible capital had been deployed to Nigeria since inception. He added that the company would be looking at tapping opportunities created by the markets to scale and further deliver value to its customers and investors.

The CEO, Chapel Hill Denham, Mr Bolaji Balogun while delivering his remarks expressed optimism that the Nigerian investment community gets the opportunity to participate in the capital formation going on in the tech sector, rather than all the intellectual property that will emanate from it being controlled by foreign markets.

PR Innovation: P+ Measurement Presents 24th #EvaluatePR Edition

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P+ Measurement Services, a leading Media Intelligence Consultancy, is excited to unveil the anticipated 24th edition of #EvaluatePR.

This landmark event, held quarterly, will take place virtually on September 22nd, 2023, from 12:00 to 1:30 pm (West African Time).

Designed to foster enriching discussions, offer invaluable insights, and keep industry professionals updated on the cutting-edge trends, #EvaluatePR remains a pivotal point for PR practitioners worldwide.

#EvaluatePR has firmly established itself as a foremost global platform, uniting PR professionals, industry experts, and academics to explore the evolving landscapes of public relations, communications, and media intelligence.

This edition is set to thrill participants with its distinguished lineup of guest speakers. Among them are Tonya Khoury, Director at Acumen Media Management; Tosin Adefeko, Managing Director of AT3 Resources; and Israel Ogunseye, Chief Marketing Officer at Biashara Nzuri.

With their extensive experience and profound insights, they will explore the theme “Transparency and Trust in PR: Measuring Perceptions and Impact,” providing participants with practical strategies to navigate complex PR scenarios while emphasising the critical aspects of transparency and trust.

In a world where public perception and reputation can influence in an instant, understanding these skills is vital.

SEC Hosts WACMaC 2023 as Infrastructure, Sustainable Finance Top Agenda

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The need to tackle infrastructure deficit in the West African sub-region as well as embrace principles of sustainable finance in a bid to promote economic development are some of the issues to be discussed as the Securities and Exchange Commission Nigeria hosts the 3rd biennial West Africa Capital Market Conference (WACMaC) 2023.

The conference with the theme “Infrastructural Deficit and Sustainable Financing in an Integrated West Africa Capital Market” will be held in Lagos next month.

Mr. Lamido Yuguda, Director-General of SEC, who is also Chairman of the West Africa Securities Regulators Association (WASRA), in a Press Release, said the conference was jointly hosted by WASRA, the Economic Community of West African States (ECOWAS), the West Africa Capital Market Integration Council (WACMIC), and the West African Monetary Institute (WAMI).

According to Yuguda, “This year’s conference is particularly significant as over 300 stakeholders will convene in the vibrant city of Lagos at the Eko Hotel & Suites from 25- 26 October 2023 to discuss the general theme “Infrastructural deficit and Sustainable Financing in an Integrated West Africa Capital market.

‘’The WACMAC 2023 provides us with a unique platform to engage in meaningful discussions, share insights, and forge partnerships that will help shape the future of our capital markets, we have brought together a distinguished array of experts, regulators, policymakers, and industry leaders who will share their knowledge, experiences, and strategies to proffer solutions to the region’s infrastructure deficit.” the Director-General, said.

Yuguda added that the deficit posed a significant challenge to the region’s sustainable development adding that to address this gap, there is a growing need to adopt innovative financing mechanisms, and sustainable financing options to mobilize the desired funds to meet the region’s critical infrastructure needs, foster economic growth, and achieve sustainable development goals.

First HP Work Relationship Index: Majority of People Worldwide Have Unhealthy Relationship with Work 

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HP Inc. has unveiled groundbreaking findings from its first HP Work Relationship Index, a comprehensive study that explores employees’ relationships with work around the world.

The study, which surveyed more than 15,600 respondents across various industries in 12 countries, reveals the world’s relationship with work is at a breaking point – and its effects are pervasive.

“There is a huge opportunity to strengthen the world’s relationship with work in ways that are both good for people and good for business,” said Enrique Lores, President and CEO, HP Inc.

“As leaders, we must always reject the false choice between productivity and happiness. The most successful companies are built on cultures that enable employees to excel in their careers while thriving outside of work.”

The study analysed 50+ aspects of people’s relationships with work, including the role of work in their lives, their skills, abilities, tools and workspaces, and their expectations of leadership.

The study also examined the impact work has on employee well-being, productivity, engagement and culture. Through this, HP developed its Work Relationship Index, which is a measure of the world’s relationship with work to be tracked over time. It found that just 27% of knowledge workers currently have a healthy relationship with work.

 

Unhealthy Relationships with Work Are Impacting Employees’ Mental, Emotional, and Physical Well-being 

In this first-of-its-kind study, HP engaged with business leaders, IT decision makers, and knowledge workers to gain insights into the factors that drive meaningful, productive, and purposeful work experiences. The findings spotlight the negative impacts an unhealthy relationship with work has on an employee’s life and an employer’s business.

When employees are not happy with their relationship with work, it takes a toll on business:

Morale and Engagement: Knowledge workers report less productivity (34%), more disengagement at work (39%) and greater feelings of disconnection (38%). 

Retention: Even when employees feel neutral about their relationship with work, more than 71% consider leaving the company. When they’re not happy at all, that number rises to 91%.  

Unhealthy relationships with work can impact employees’ well-being:

Mental: More than half (55%) of these employees struggle with their self-worth and mental health, reporting low self-esteem and feeling like they are a failure.

Emotional: These issues naturally affect other aspects of their lives, with 45% noting that their personal relationships with friends and family suffer, and more than half (59%) are too drained to pursue their personal passions.

Physical: Mental and emotional health can make it harder to maintain physical well-being. 62% of employees report trouble with maintaining healthy eating, working out and getting sufficient sleep.  

 

Identifying the Drivers Behind a Healthy Relationship with Work 

Employees’ expectations of work have changed significantly, particularly over the past two-to-three years, according to nearly 60% of respondents. Fifty-seven percent surveyed noted their expectations of how they are treated at work and in the workplace also have increased.

The research examined more than 50 factors contributing to a healthy relationship with work, identifying six core drivers that represent critical focus areas – and key imperatives – for business leaders, and comprise the Index that will be tracked over time.

  1. Fulfillment: Employees yearn for purpose, empowerment, and genuine connection to their work, but just 29% of knowledge workers currently experience these aspects consistently. To adapt to evolving workforce expectations, businesses must prioritize employee fulfillment through increased voice and agency.
  2. Leadership: New ways of working demand new leadership styles, according to 68% of business leaders; yet only one in five workers feel leaders have evolved their leadership styles accordingly.  Cultivating emotional intelligence and transparent, empathetic leadership is crucial for today’s workplace.
  3. People-centricity:Only 25% of knowledge workers consistently receive the respect and value they feel they deserve, and even fewer are experiencing the flexibility, autonomy, and work-life balance they seek. To address this, leaders must put visible emphasis on putting people first and placing their teams at the center of decision-making.
  4. Skills:While 70% of knowledge workers value strong power and technical skills, only 31% feel consistently confident in their proficiency in either. ‘Best-practice’ businesses have an opportunity to gain a vital skills-development and employee engagement edge by investing in holistic training and support.
  5. Tools: Today’s workers want a say in the technology and tools their employer provides –and want that technology to be inclusive.However, confidence that companies will implement the right tools to support hybrid work is low, at just 25%. No longer just a utility, the technology portfolio is emerging as an important driver of employee engagement, as well as connection and enablement.
  6. Workspace:Knowledge workers want a seamless experience as they move between work locations – and a choice in where they work each day. Effective hybrid workspaces, easy transitions, flexibility and autonomy will be pivotal in demonstrating trust in employees and fostering a positive work experience.

 

Trust and Emotional Connection Are Now Key in Attracting and Retaining Workers  

The Work Relationship Index shows that this is a pivotal time to redefine the world’s relationships with work. Greater trust and emotional connection in the workplace were strong and recurring themes across the six core drivers.

Almost three in four business leaders acknowledge that emotionally intelligent leadership is the only way a leader can be successful going forward. Significantly, the study found that emotional intelligence – and increased trust and agency – hold considerable weight with employees: 83% say they’re willing to earn less money to find an employer that values these factors.

Strong workplace culture: Knowledge workers would take an 11% pay cut to work somewhere with empathetic, emotionally intelligent leadership, and above-average employee engagement and fulfillment.

Flexibility: The same group would give up 13% of their salary to work somewhere that lets them work where or when they want.

 

 

9mobile Appoints John Vasikaran as Chief Operations Officer 

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9mobile has announced the appointment of John Vasikaran as its Chief Operations Officer.  Vasikaran is joining a reinvigorated leadership team as part of the strong commitment by the board and management to aggressively repositions for growth and transformation.

He brings to 9mobile a wealth of experience, with more than 20 years in the African telecommunications industry. In his role as Chief Operations Officer, he will provide strategic leadership for the operations across Technical, IT, Sales, Commercial Planning, Customer Care, Marketing Communications, and PMO in line with the current trends and EMTS’ strategic vision.

His most recent role was Director of Business Development and Sales for Ribbon Communications, which provides software, IP, and optical networking solutions for service providers, enterprises, and critical infrastructure sectors. There, he played a pivotal role in driving growth and innovation.

On the appointment of the new Chief Operations Officer, 9mobile CEO Juergen Peschel stated:

“We are thrilled to welcome Vasikaran to the 9mobile family. His extensive experience, especially in Nigeria and Africa, makes him the ideal leader to steer our operations in line with current industry trends and our strategic vision. We believe that with his addition, 9mobile will continue to provide world-class services to our valued customers.”

Speaking on his appointment, Vasikaran said:

“It gives me great joy to join 9mobile, a visionary brand and trailblazer in the telecommunications industry. I look forward to working with the team towards maintaining its position as a leading telecommunications provider in Nigeria, and also seeking new ways to drive growth and meet the evolving needs of our customers while staying at the forefront of technological advancements in the telecommunications sector”.

Educated at prestigious institutions, Vasikaran holds a Master’s in Business Analytics with a specialization in Artificial Intelligence and Machine Learning from Harvard Business School, USA.

He also possesses a Master of Business Administration degree with a dual focus on Finance and Marketing, a Master of Social Sciences degree in Industrial Psychology, and a Bachelor of Commerce degree, all earned at Loyola College, Chennai, India.

NAICOM Chief Visits Nasarawa Governor to Promote Compulsory Insurances

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As part of the National Insurance Commission’s drive to sensitise stakeholders on the benefits of compulsory insurances (Public Buildings and Buildings Under Construction, 3rd Party Motor Insurances amongst others), the Commissioner for insurance and a delegation from NAICOM paid a courtesy visit on the Executive Governor of Nasarawa State His Excellency Engr. Abdullahi A. Sule to intimate him and members of his executive council about the benefits of insurances.

The Commissioner for Insurance also used the opportunity to formally invite the Executive Governor of Nasarawa State to the National Insurance Conference scheduled to hold from 22-24 October, 2023. The Executive Governor in his remarks gave a personal testimony while he was still in the private sector of how the sugar refinery where he worked as the Managing Director was razed by fire but thanks to insurance, a newer and better one was built from the claims paid by insurance company.

CJN, Olukayode Ariwoola, Commends NCC as Worthy Telecom Regulator

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L- R: Executive Commissioner, Stakeholder Management, Nigerian Communications Commission (NCC), Adeleke Adewolu; Administrator, National Judicial Institute (NJI), Justice Salisu Abdullahi; Justice of the Supreme Court, Justice Adamu Jauro;  Executive Vice Chairman/Chief Executive Officer, NCC, Prof. Umar Danbatta; Chief Justice of Nigeria, Justice Olukayode Ariwoola; Justice of the Supreme Court, Justice Mohammad Lawal and Executive Commissioner, Technical Services, NCC, Ubale Maska,  during the NCC’s 19th annual Judges Workshop on Telecom Issue, a three-day event started in Kano.

The Chief Justice of Nigeria (CJN), Hon. Justice Olukayode Ariwoola has pronounced the Nigerian Communications Commission (NCC), a worthy telecom regulator in Nigeria for its dedicated efforts in promoting awareness and knowledge of Information Communications Technologies (ICT), among the judiciary in particular, and the Nigerian public.

The CJN who is the Chairman, Board of Governors of the NJI, spoke in an opening remark at the 2023 edition of NCC-hosted annual workshop for judges on telecommunications issues, which began in Kano.

Justice Ariwoola said that information technology and telecommunication services have surpassed the conventional method of court service delivery, as the use of the Internet is becoming a prominent feature of this era with innovative and interactive influences on the public, hence the crucial nature of the workshop.

Addressing the theme of the workshop, “The Adjudication Path in a Digital Era,” the CJN said it strikes a chord with the current realities that judicial officers face technologies that has fundamentally transformed how they communicate, access information and conduct legal proceedings.

“We are obliged to embrace this transformation while ensuring that doing justice remains at the forefront of our efforts,” he said.

The CJN and other Honourable Justices of the Supreme Court, Appeal Court, Federal High and States High Courts, and the NJI, were welcomed to the workshop by the Executive Vice Chairman of the NCC, Prof. Umar Danbatta, who greeted them with the news that the Nigerian Communications Act (NCA) 2003, is currently undergoing a fundamental review to update its provisions.

The nation’s number one judiciary officer explained that the workshop presents a platform where the challenges facing the judiciary by the digital revolution would be effectively discussed and that it is also an opportunity to equip the judiciary with the necessary information to deal with the digital era.

“It is also crucial to prioritize the examination of the convergence of data privacy and information security law. The enormous amount of data generated and collated in the digital realm raises critical questions regarding privacy, security, and the protection of individual rights.

“As Judicial Officers, you are responsible for carefully assessing the legal implications of data collation, storage, and utilisation and by striking a harmonious balance between fostering innovation and safeguarding privacy, your Lordships would cultivate trust in the digital ecosystem while upholding individual rights” Ariwoola said.

The EVC/CEO of NCC, in his welcome address, expressed gratitude to the CJN and the top echelon of the judiciary for finding time to attend the workshop and promised the Commission’s resolve to deepen knowledge of the digital future on the judiciary as a very critical and indispensable arm of government.

Danbatta said the Commission is responsive to the rapid changes in the telecommunications and technology space and that NCC has taken steps to start the review of its enabling legislation, the Nigerian Communications Act 2003 (NCA, 2003) while assuring that stakeholders will get the opportunity to make input to the amendment.

Speaking on the importance of the workshop, Danbatta noted that the telecommunications sector has evolved since the NCA 2003 came into existence hence the need to be responsive in readiness to keep pace with the dynamics of technologies that will come.

The EVC noted that the workshop afforded the Commission ample opportunity to engage the Judiciary on how to adopt digital technologies in advancing the course of justice.

He said: “The communications sector, through infrastructure deployment, has continually ensured that the digital economy agenda of the Federal Government is established on a solid foundation. It has also proven to be the catalyst for entrenching the activities of both the public and private sectors in the digital space, seamlessly.

“However, we recognise that in any digital economy, the development of a complex web of commercial transactions and social interactions is inevitable. Thus, to instill societal confidence in the digital economy, at least, two things are required: a safe and effective backbone infrastructure, as well as an efficient adjudicatory mechanism, which is easily accessible in the digital space,” he stated.

The EVC said this reality informs the NCC’s steadfast partnership with the NJI to develop capacity for judges in this area, saying this would ensure that the Court, being the last hope of the common man, is firmly woven into the fabric of the digital economy.

In an interview on the sidelines of the workshop, Danbatta further stated, “We have the Nigerian Communications Act, which established the NCC in 2003, more than 20 years ago. At one time, the Chief Justice of the Federation said this Act is anachronistic, which means it is old and therefore, has to be reviewed and I assured members of the judiciary that this review is going on as we speak.

“At the appropriate time, members of the media will be invited to witness the public presentation of the reviewed NCC Act to an engagement forum with critical members of the industry as well as Nigerians, who subscribe to telecommunications services. They will have a say during the presentation of the reviewed Act to the Public.”

The NCC hosted the 2023 National Workshop for Justices and Judges on Legal Issues in Telecommunication Matters in collaboration with the National Judicial Institute (NJI).

 

 

Emir of Kano Urges Nigerians to Embrace Insurance

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The Emir of Kano, Alhaji Aminu Ado Bayero has urged Nigerians to embrace insurance as a way of relieving loss, especially in businesses and property loss. The Emir stated this when the Management of the Commission led by the Commissioner for Insurance, Olorundare Sunday Thomas paid a courtesy visit to the Emir’s Palace in Kano on 19th September, 2023.

Emir Ado Bayero also urged the Commission to ensure insurance obligations are adequately met by insurers and commended the leadership of the Commission for the giant strides and efforts in developing the Nigerian insurance market. He also reiterated that insurance is no doubt an important aspect of human life as extensive research has shown that insurance is not conflicting with religious belief, especially with the coming of Takaful insurance.

He thanked the Commission for the visit and promised to support insurance deepening in the country and further assured he would consider the invitation to the National Insurance Conference 2023.

Sanlam Nigeria Settles Motor Insurance Claim in Less than One Hour!

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Sanlam General Insurance, a subsidiary of Sanlam Life Insurance and member of the Sanlam Pan African group has made history in the Nigerian Insurance Industry by settling the fastest claim, which was done in less than one hour, using its game changer, Code of Confidence *1056#, USSD enabled device.

According to the underwriting firm, with the USSD Code, motor insurance policyholders can get claims paid within three hours that an incident occurred.

The Managing Director Sanlam General Insurance Limited, Bode Opadokun, said that depending on extent of the damage, if it is less than N200,000, the claim can be settled within three hours.

According to him, Sanlam General Insurance Nigeria is excited to announced settlement of the fastest claim in less than one hour, using the Code of Confidence.

He said the customer, John Victor Ebitom, from Benin City, Edo State, reported the claim and all the stakeholders were on standby to make this happened, adding that this is a clear illustration of the power of technology and collaboration and that the future is sure bright for the firm and policyholders.

“The customer was so excited, he was screaming waoh! Waoh! I least expect this!,” he posited.

The claimant, John Victor Ebitom, sharing his experience, said: “My experience with Sanlam is waoh! The best in the industry. It took me less than an hour to access my claim, as I speak the money is resting in my account.”

Opadokun noted that with the USSD Code *1056#, motor insurance policyholders can initiate a claim and received payments within three hours.

He said the Code of Confidence is used to initiate a motor insurance claim notification on real time online basis. It allows the insurer to have immediate assessment of the scene of an accident and the extent of damage. The Code allows customers access speedy resolution of insurance claims in cases of road emergencies, adding that the cutting-edge solution is the first of its kind in Nigeria and it is a way of providing a seamless and customer-centric solutions to a number of challenges customers encounter while seeking report claims in case of any eventuality.

With this new feature, he noted that the firm aims to enhance the claims experience for its valued customers by eliminating needless paperwork and unnecessary delays.

“Customers can use the simple and user-friendly *1056# USSD code on their mobile phones to initiate instant third-party claims. The process is quick and hassle-free, ensuring that customers receive prompt assistance and support during unexpected events and accidents involving third parties.

“With this technology, you can see that gone are the days of unnecessary delays of claims, as the code runs on any mobile phones. You’re just a dial away, get insurance claims settlement for third-party damage by dialing *1056# today,” Opadokun posited.

Sanlam Nigeria is a member of the Sanlam Pan Africa (SPA), a truly 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.

NCC Opens Application for 2023 Talent Hunt Research through Hackathon

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The Nigerian Communications Commission (NCC) has kicked off activities for the third edition of its Talent Hunt Research through Hackathon as part of giving expression to its Strategic Vision Plan 2023-2025, which is to encourage the development of new technologies and indigenous content through cutting-edge research. The goal of this initiative is to stimulate sustainable economic growth and development in Nigeria.

Therefore, the Commission has invited Tech Hubs, and Innovation-Driven Enterprises (IDEs) in Nigeria to enrol their start-ups and their solutions in the Talent Hunt Research through a Hackathon organised by NCC. The Hackathon focuses on Blockchain-enabled Data Protection Solutions for Enhancing Regulatory Compliance; Assistive Technology Solutions for the Elderly and People with Disabilities; and Technology Solutions for Renewable Energy in Rural Areas.

The NCC Talent Hunt Research Through Hackathon leverages Emerging Digital Technologies to facilitate the development of home-grown innovative solutions and local content development in the telecommunications sector while fostering economic growth and social advancement in Nigeria.

The competition enables the translation of novel ideas into the development of hardware/software solutions that address industry and societal challenges. The best three solutions, one from each of the three areas listed above will receive grants of N10 million each for the development of the solutions.

The Commission has set out eligibility criteria for those seeking to participate in the competition, which include that the Enterprise must provide a certificate of registration with the Corporate Affairs Commission (CAC), the Enterprise must not have previously received support from the Commission, the project should have clear relevance to one of the three thematic areas above, it must provide a clear problem statement, proposed solution, and roadmap to deployment.

Other requirements include a proof of concept (which may also include technical feasibility of the idea with diagram, algorithm, existing models, or case studies; the solution must be novel with the applicant making a declarative statement on ownership of the intellectual property, the solution including prototype development shall be concluded within 6 months of receipt of the Grant and must propose a detailed commercialization plan of the prototype.

The Entry Submission format indicated that the proposal must include ideation, Minimum Viable Product (MVP) and solution, Current Sweat Equity Investment, Product-Market Fit status, Verifiable Go-to-Market status, Growth Feasibility Assurances, Maturity Model and Timeliness and existing time: Disaster Recovery, where applicable

All applications should be made online and must follow the stipulated entry format and there is no financial cost to participating in the competition while full control and ownership of the intellectual property of the developed solutions remain with the Commission.

The entries must be made by a Tech Hub/Innovation-Driven Enterprise that must show evidence of the relationship with the Start-up/solution being entered, a 4-page Executive summary of the project concept, a 3-5- minute video of the pilot project, names, age, contact details, passport photos and profile of all team members and the website (if available) as well as an E-mail address of the applicant.

All interested and qualified enterprises should submit requested documents in a zip folder to https://ncc.gov.ng/talenthuntresearchhackathon2023 with the subject of the mail titled “Submission from <business name>” and the zipped file named after the business.

The Commission has run an advertorial on the Hackathon for 3 weeks and hereby requests those in the startups ecosystem to note that the application closes by Friday, 22nd September 2023.

 

AIICO Bags Insurance Company of the Decade at Marketing Edge Awards 

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Left – Right: Segun Olalandu, Head, Digital Marketing & Communications (AIICO); Israel Opayemi, MD, Chain Reactions (presenting the award); Olusanjo Shodimu, Chief Digital & Innovation Officer, (AIICO); and Ademola Adenekan, Communications Manager (AIICO)

AIICO Insurance Plc, a prominent entity in Nigeria’s insurance industry, announces its remarkable achievement as the “Insurance Company of the Decade” at the prestigious 2023 MARKETING EDGE Brands & Advertising Excellence Awards held in Lagos on September 16.

The Marketing Edge Brands & Advertising Excellence Awards is a platform that recognises and celebrates excellence across various industries in Nigeria.

Winning the title of “Insurance Company of the Decade” is a testament to the AIICO brand’s widespread recognition for excellence in the Nigerian marketplace and the company’s unwavering commitment to innovation, and customer-centricity over the past ten years.
AIICO Insurance Plc has consistently set new benchmarks in the insurance sector, demonstrating remarkable growth, resilience, and a steadfast dedication to its customers.

This recognition reaffirms AIICO Insurance’s position as a leader in the industry, known for its superior products, innovative solutions, and unwavering focus on protecting and securing the future of its customers and clients.

Receiving the award on behalf of AIICO, Mr. Olusanjo Shodimu, the company’s Chief Digital and Innovation Officer, expressed gratitude:

“We are deeply honored to be recognized as the ‘Insurance Company of the Decade’ by MARKETING EDGE. This award is a testament to the hard work and dedication of the entire AIICO team, our loyal customers, and our invaluable partners. It inspires us to continue pushing the boundaries of excellence and innovation as we strive to provide the best insurance solutions in Nigeria.”

This accolade marks a significant milestone in AIICO Insurance’s journey towards shaping a more secure and prosperous future for all its stakeholders, and the company looks forward to continuing its legacy of trust, reliability, and superior service.

Established in 1963, AIICO Insurance Plc has a 60-year record of providing high-quality service to its clients.

As a leading composite insurer in Nigeria, AIICO offers life and general insurance, health insurance, and investment management services, helping individuals, families, and corporate customers create and protect wealth.

NASENI, REA Partner on Renewable Technologies to Light Up Rural Areas in Nigeria 

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R-L: The EVC/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Halilu in a handshake with the Managing Director/CEO of Rural Electrification Agency (REA), Mr. Ahmad Salihijo Ahmad after the meeting of the two chief executives in Abuja.

The Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Halilu and the Managing Director/CEO of the Rural Electrification Agency (REA), Mr. Ahmad Salihijo Ahmad have agreed to work together to deploy NASENI Solar resources and other renewable energy technologies, to increase electricity supply to Nigeria’s rural areas.

This commitment was the outcome of discussions between the two chief executives in Abuja on Friday, September 15, 2023, when the EVC/CEO of NASENI visited the Rural Electrification Agency (REA) office as part of his efforts to engage with stakeholders to promote the adoption of NASENI’s technologies.

Mr. Halilu, who assumed office two weeks ago as NASENI’s chief executive, said: “The focus is to hit the ground running by nurturing effective collaborations with the right stakeholders who will assist NASENI to fulfil its mandate of providing the science and engineering infrastructure base for Nigeria’s businesses and economy to thrive.”

According to him, “the strategy, going forward, for NASENI includes knocking on the doors of potential end-users of the Agency’s technology and engineering products, making off-take of our Research & Development (R&D) easy, while also bringing the direct impact of our work to bear on the Nigerian economy.”

The two chief executives pledged to work together to bring down the cost of solar power installation in rural areas, through efforts such as increased local production of solar panels by NASENI.

The overall goal, according to the REA MD, Ahmad Salihijo, is to facilitate the Federal Government’s ambition to achieve the electrification of Nigeria’s rural areas in record time.

Earlier in the day, Mr. Halilu visited the Director General/CEO of the National Information Technology Development Agency (NITDA) Mr. Kashifu Inuwa Abdullahi, on a similar mission.

The two CEOs emphasised the need to look inward and develop local content (human and material) capacity to transform the economy.

Halilu sought to leverage on the long-standing relationship between himself and the NITDA boss, and also between the two organisations, to share experiences and best practices in management and in resource optimisation.

Abdullahi disclosed that NITDA’s strategy of focusing on changing both the mind-sets and skill-sets of its staff are two critical factors that have helped the Agency achieve up to 62 percent of its goals and objectives within two (2) years, ahead of its four (4) year projection. He noted that the same approach would work for NASENI, as long as there was a well-thought-out strategic plan, and clarity of vision and goals.

NCC: Nigeria to Achieve 50% Broadband Target by End 2023

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L-R: Director, Public Affairs, Nigerian Communications Commission (NCC), Reuben Muoka; Chairman, Nigerian Union of Journalists, Kano Chapter, Aminu Garko; Executive Commissioner, Technical Services, NCC, Ubale Maska; Executive Vice Chairman/Chief Executive Officer, NCC, Prof. Umar Danbatta; Head, Women and Children Department, Nasara Radio, Aisha Abdulmalik and Head of Station, Rahma Radio/TV Abuja, Nafiu Yahaya, during an interactive session with media stakeholders in Kano at the weekend.

The national target to achieve 70 percent broadband penetration by 2025 is receiving renewed attention from the Nigerian Communications Commission (NCC), which promises 50 percent before the end of 2023.

This promise was one of the highlights of the special media chat with executive editors and media chiefs in the northern part of the country, hosted by the Executive Chairman of the Commission, Prof. Umar Danbatta, to unveil his achievements since the resumption of office till date.

At the occasion, where Danbatta informed the media chiefs that Fifth Generation (5G) services subscriptions have already hit half a million in subscription, the various efforts of the Commission to improve broadband penetration are yielding fruitful results with the current estimates as at July 2023 standing at 47.01 per cent.

Using the extant reviewed five-pillar Strategic Vision Plan as building block, the EVC spoke to 119 milestones achieved under the five strategic pillars, including regulatory excellence, universal broadband, market development, digital economy and strategic collaboration.

Danbatta said through effective implementation of NCC’s mandates under his leadership and cooperation of internal and external stakeholders since 2015, telecommunications industry in Nigeria has achieved remarkable milestones under our leadership. “While we acknowledge the challenges encountered by the industry, we have also witnessed explosive growth, improved regulatory standards, and digital innovations that have garnered global recognition,” he said.

While reeling out impressive statistics that have characterized his leadership at NCC from 2015 to date, the EVC said active telephone subscribers had increased from less than 150.7 million to 218.9 million, representing a teledensity growth of 115.70 per cent from 107.87 per cent in 2015.

Through stimulating broadband infrastructure across the country, Danbatta said broadband penetration, which stood at 6 per cent in 2015 has increased significantly to 47.01 per cent as of July, 2023, enhancing over 89.73 million subscriptions on 3G, 4G and 5G networks in the country. Additionally, general Internet subscriptions have reached 159.5 million up from less than 100 million in 2015.

“Also, from 8 per cent contribution to the Gross Domestic Product (GDP) in 2015, telecommunications sector now contributes 16 per cent quarterly to the Nigerian economy as of the second quarter of 2023. besides, following the authorization of more telecommunications companies to operate in the Nigeria’s telecoms sector, the investments profile has increased tremendously from $38 billion in 2015 to $75 billion currently and this keeps growing daily. From the sales of Fifth Generation (5G) C-Band Spectrum, the NCC has generated over $847.8 million for the Federal Government,” he said.

Danbatta, who has received a gallery of awards nationally, regionally and globally in recognition of the outstanding performance of Nigeria’s telecom industry also listed several achievements recorded since 2015.

“Other milestones and initiatives recorded aside the regulatory activities that culminated in the landmark launch of 5G services in Nigeria include the introduction of Spectrum Trading Guidelines, re-farming and re-planning certain spectrum band for efficiency, the emplaced collaborative process for the release of C-Band Spectrum by Nigerian Communications Satellite (NIGCOMSAT) Limited, and introduction of the Expanded Revenue Assurance Solution (ERAS) to address revenue leakages and improve government revenue from the telecoms industry.

“These initiatives also include Licensing of Satellite Earth Stations, issuing of operating licence to SpaceX Satellite, facilitating the landing of additional submarine Cables, such as the Google 2,000km Equiano subsea Internet cable in 2022, listing of MTN on the Nigerian bourse, licensing of Mobile Virtual Network Operators (MVNOs), introduction of new unlicensed millimeter wave spectrum, and regulation of white space spectrum,” Danbata said.

Also, as part of NCC’s commitment under Danbatta’s leadership, the Commission has endowed professorial chairs in Nigerian universities and committed over N500 million naira to Research and Development (R&D) in the telecoms sector.

“The creation of the Digital Economy Department, the mandate to drive the implementation of the indigenous telecoms sector growth through the operation of the Nigeria Office for Developing Indigenous Telecom Sector (NODITS), are also important strides made by the Commission,” he said.

Danbatta said other consumer-focused initiatives of the Commission have also centered on the establishment of Emergency Communications Centres (ECCs) in over 30 States of the Federation and the Federal Capital Territory (FCT). All these centres are operational, as well as the creation of the Computer Security Incident Response Team (CSIRT). The EVC said these two initiatives have been helping consumers to get succour in times of emergencies as well as ensuring effective protection for telecom consumers while online.

The NCC Chief Executive said the Commission has also taken very clear actions on consumer protection, advocacy, information-sharing and education.

“These include introduction of data roll-over just before the expiration of subscribed data plans, introduction of the 622 toll-free number for lodging service-related complaints to the Commission, the Do-Not-Disturb (DND) 2442 Short Code for tackling the menace of unsolicited text messages,  elimination of forceful/deceitful subscriptions to telecom services on mobile networks, tackling the issue of call masking, ensuring effective Subscriber Identity Module (SIM) registration, launching of National Roaming service and reduction of access gaps to telecom services from over 217 to 97, thereby enhancing access to telecom services by more Nigerians,” Danbatta said.

However, Danbatta said while the industry still faces a number of challenges such as vandalism, securing equitable Right of Way (RoW) from governmental stakeholders, as well as multiple taxation and regulation, the Commission has put framework in place to work with necessary stakeholders to overcome the obstacles posed by these challenges and to sustain the growth trajectory which has been the hallmark of telecoms sector as an enabler of socio-economic development in Nigeria.