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NGX RegCo Unveils Code of Conduct for Approved Persons of Trading License Holders of NGX

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NGX Regulation Limited (“NGX RegCo”) is pleased to announce the release of the “Code of Conduct for Approved Persons of Trading License Holders” (“The Code”) of Nigerian Exchange Limited (NGX), in keeping with its commitment to promoting high professional standards and ethical conduct within the capital market.

Approved by the Securities and Exchange Commission (SEC) on August 16, 2023, the Code will take effect on October 3, 2023. Its primary objective is to establish and uphold acceptable standards of behaviour, thereby fostering professionalism, integrity, and fairness in the interactions of Approved Persons with clients, employers, employees, regulators, and other relevant stakeholders. This commitment is poised to bolster investor confidence and pave the way for a sustainable and thriving market.

The Code emphasises high professional standards, reasonable skill, care, and prudence, as well as adherence to ethical and practical standards. Furthermore, it highlights the expected standards and values that Approved Persons must display at all times when conducting their businesses at all times.

Commenting on the development, Ms Tinuade Awe, Chief Executive Officer, NGX Regulation Limited noted that “At NGX RegCo, we understand the profound impact that a strong ethical foundation can have on the integrity and sustainability of the capital market.” The Approved Persons Code of Conduct is an important step towards further strengthening a market where confidence is essential. We encourage our Trading Licence Holders’ Approved Persons to fully embrace this Code, demonstrating their commitment to best and fair practises and the highest professional standards. These are critical factors for establishing a market based on honesty and accountability, which will promote market depth, growth, and economic development”.

On his part, Mr. Olufemi Shobanjo, Head, Broker Dealer Regulation, NGX RegCo, stated, “The Code of Conduct for Approved Persons of Trading Licence Holders reflects our ongoing efforts to improve the regulatory framework of the Nigerian capital market. We strongly encourage all Approved Persons of Trading Licence Holders to familiarise themselves with the Code and ensure its implementation and compliance within their organisations. At NGX RegCo, we stand ready to guide and support all stakeholders to ensure the smooth and hitch-free adoption of The Code, thereby cementing the foundation for a more robust and ethical capital market in Nigeria.”

Former MTN CEO, Ahmad Farroukh, in 6-Year Unrelenting Quest for Justice

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Telecommunications giant, MTN is currently embroiled in a protracted legal battle with a former top executive, Mr. Ahmad Farroukh over the non-payment of his severance package.

The burgeoning legal battle with MTN, which still lingers more than six-years after he had exited the company is seen as a typical case that highlights the challenges some employees face when seeking fair treatment in the corporate world.

Farroukh had served MTN meritoriously and without blemish. However, his post-employment journey has taken a different course, marred by what many believe is an avoidable dispute over Farroukh’s entitled End of Service benefits had MTN been more judicious. The End of Service benefits accrued during his years with MTN and were at the time of his employment carried by Investcom, which was bought by MTN in mid-2006.

Mr. Farroukh, renowned for his illustrious career within the MTN Group for 9 years, served as the CEO of both MTN Nigeria, MTN South Africa and as Group Chief Operating Executive; managing 19 Operations, achieving remarkable milestones in growth and profitability, including the unprecedented growth of MTN Nigeria’s subscriber base from nine to forty million during his tenure. He was also the GCOE of MTN Group, superintending over 19 operations, the bulk of which, thanks to his instrumentality, were profitable. However, his glorious years of service has unexpectedly been marred by disputation.

Invariably, the bone of contention, it was learnt, revolves around Farroukh’ s claim for End of Service benefits entitled to him upon separation from MTN, which is believed to be in seven digits. It has now been six years since Farroukh initiated legal proceedings against MTN but the company is said to have engaged in delay tactics and stalling of the expeditious resolution of the case.

Many keen watchers of the case suspect that MTN’s intentions might be to deliberately prolong the case with a view to wearing Farroukh down, thereby pushing him to give up on his quest for justice or to incur exorbitant legal costs capable of deterring his pursuit for justice.

However, it was gathered that despite these obstacles, Mr. Farroukh remains resolute and finally, the court case is scheduled for October 16th 2023. It was further revealed that his unwavering commitment to holding MTN accountable for what he believes is his rightful due has garnered attention and support from fellow employees and industry observers alike. Many view this present case as a test of whether MTN, a company that promotes fairness and champions employee rights, can live up to its public image as a responsible corporate citizen.

Mr. Farroukh’s plight raises broader questions about corporate accountability and the treatment of employees, even in successful and prominent companies. Efforts to reach Farroukh for his comments were unsuccessful at the time of going to the press. Similar attempt to reach MTN for comments was futile. But our very reliable source confirmed that neither of the warring parties is prepared to sheath the sword. As the legal battle commences, the world watches with bated breath, eager to see if justice will ultimately prevail.

The consensus among ardent followers of development in this protracted court case is that wheels of justice grind slowly but surely.

JAMB Registrar, Prof Oloyede to Chair 2023 GOCOP Conference in Abuja

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The Registrar of Joint Admissions and Matriculation Board (JAMB), Prof. Ishaq Oloyede, will serve as the Chairman of the 2023 Annual Conference of the Guild of Corporate Online Publishers (GOCOP).
This was disclosed by the Chairman of 2023 Conference Planning Committee, Danlami Nmodu, mni, in a press statement by the Publicity Secretary of GOCOP, Mr. Remmy Nweke.
According to Nmodu, the conference will be held at Abuja Continental Hotel (Old Sheraton) in the Federal Capital Territory on Thursday October 5, 2023 at 10.00am
He also said that the theme for the 2023 conference is “Nigeria: Roadmap for Socio-Economic Recovery and Sustainability.”
Nmodu further said the choice of the topic is informed by current socio-political and economic realities facing Nigeria where a new set of leaders at national and state levels has emerged after the 2023 general elections.
He recalled that Ishaq Oloyede, a Nigerian Professor of Islamic Studies and academic, was a former Vice Chancellor of the University of Ilorin. and was reappointed registrar and chief executive of JAMB for the second term in 2021 by the immediate past President, General Mohammadu Buhari, retired.
Oloyede is equally, the Secretary General of Nigerian Supreme Council for Islamic Affairs since 2013
Past Speakers at the Conference include: Rev. Matthew Hassan Kukah, the Bishop of the Catholic Diocese of Sokoto who delivered the 2019 lecture on “Economy, Security and National Development: The Way Forward.”

In 2021, Mr. Boss Mustapha, Secretary to the Government of the Federation keynoted the Conference in his capacity as Chairman of the Presidential Task Force on Covid-19. He spoke on: “Post Covid-19 Pandemic: Recovery and Reconstruction in Nigeria.”

In 2022, Professor Mahmood Yakubu, Chairman, Independent National Electoral Commission delivered the address titled: “2023 Elections: Managing the Process for Credible Outcome.”
GOCOP was established to ensure that online publishers uphold the tenets of journalism in doing their jobs and our membership is a constellation of editors and senior journalists, whom, having distinguished themselves in their various stations in the print and electronic media, ventured into online publishing which is both the present and future of journalism globally. Currently, the Guild has over 90 corporate publishers as members.

NCC Extends Submission of Application for Hackathon

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The Nigerian Communications Commission (NCC) has extended the deadline for submission of applications and entries into the 2023 Talent Hunt through Hackathon to Saturday, September 30, 2023.

To this end, the deadline for application/entries into the contest, which opened on September 1, 2023, and initially closed today (September 22, 2023), has now been extended to close on the last day of September 2023.

The approval of the extension window by the Commission is to give ample time for more prospective and viable startups to tidy up their solutions in the required format for submission as well as to enable more upcoming technology entrepreneurs to participate in the competition.

The talent hunt is one of the means through which the Commission gives concrete expression to its Strategic Vision Plan 2023-2025, by encouraging the development of new technologies and indigenous content through cutting-edge research to stimulate sustainable economic growth and development in Nigeria.

Consequently, the Commission had invited the Tech Hubs, and Innovation-Driven Enterprises (IDEs) in Nigeria to enroll their start-ups and their solutions in the third edition of the NCC Talent Hunt Research through a Hackathon with a focus on three (3) thematic areas such as 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 applying 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 Exist 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 therefore wishes to notify members of the public that the deadline for sublimation has now been extended to September 30, 2023, when the application and enjoin the startup ecosystem to note their participation.

 

 

Prof. Uchenna Uwaleke to Keynote GOCOP 2023 Conference

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The first Nigerian Professor of Capital Market, Prof. Uchenna Joseph Uwaleke, has been named the keynote speaker of the 2023 annual conference of the Guild of Corporate Online Publishers (GOCOP).

Confirming this, the Chairman of the GOCOP 7th Conference Planning Committee and Deputy President, Mr Danlami Nmodu, mni, said that Prof. Uwaleke who is currently the Special Adviser to the Senate Committee Chairman on Capital Market will be giving a keynote on Thursday, October 5, 2023 at Abuja Continental Hotel (Old Sheraton Hotel), Abuja.

A press statement from GOCOP Publicity Secretary, Remmy Nweke, quoted Danlami as saying that Prof. Uwaleke, would dwell on the theme: “Nigeria: Roadmap for Socio-Economic Recovery and Sustainability” while it would be chaired by Registrar and Chief Executive Officer, Join Admissions and Matriculations Board (JAMB), Prof. Ishaq Oloyede.

Danlami also said that the choice of the topic is informed by the current socio-political and economic realities facing Nigeria, where a new set of leaders at national and state levels has emerged after the 2023 general elections.

Nweke recalled that Prof. Uwaleke is a Professor of Finance and Capital Market at Nasarawa State University, Keffi.

Uwaleke was until recently the Finance Commissioner in Imo State under the Governorship of Chief Emeka Ihedioha.

Previous speakers at GOCOP annual conference, he said, include the Chairman of the Independent National Electoral Commission (INEC), Yakubu Mahmood, who in 2022, spoke on ‘2023 Elections: Managing the Process for Credible Outcome’; Most Rev. Matthew Hassan Kukah, the Bishop of the Catholic Diocese of Sokoto, who delivered the 2019 lecture on: “Economy, Security and National Development: The Way Forward.”

While in 2021, he said, Mr. Boss Mustapha, Secretary to the Government of the Federation, keynoted the conference in his capacity as Chairman of the Presidential Task Force on COVID-19, on “Post COVID-19 Pandemic: Recovery and Reconstruction in Nigeria.”

About GOCOP:

GOCOP was established to ensure that online publishers uphold the tenets of journalism in doing their jobs and our membership is a constellation of Editors and senior journalists, whom, having distinguished themselves in their various stations in the print and electronic media, ventured into online publishing, which is both the present and future of journalism globally. Currently, the Guild has over 90 corporate publishers as members.

Nigeria Calls for Open, Secure Internet in Africa

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The Nigerian government has subscribed to a free and secure Internet for Africa, which is capable of bridging the digital divide and creating innovative opportunities within the continent.

Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, who canvassed this position at the just-concluded Africa Internet Governance Forum at the Transcorp Hilton, Abuja, said the administration of President Bola Ahmed Tinubu is committed to engendering necessary collaborations and international dialogues to achieve these objectives.

The Minister, who addressed the forum virtually, said Nigeria, as the largest telecommunications market in Africa, is conscious of all the dynamics of emerging technologies around Internet usage and would continue to work with countries in Africa on different fronts to ensure that the Internet is effectively governed so its innumerable resources can be leveraged for citizens and nation’s growth.

“The need for our consistent collaboration to develop our economy collectively is preeminent in the agenda of the current administration in Nigeria. It is through this kind of forum that we can bridge the digital divides, enhance cybersecurity, ensure digital rights and foster innovation. It is, therefore, our collective duty to ensure that the Internet remains open, safe and beneficial for all,” Tijani told parliamentarians and other participants from Africa who attended the forum in Abuja.

The Minister encouraged all the stakeholders to prioritise a collaborative approach to creating policies and strategies that will shape the future of the Internet in Africa, the future that will reflect Africa’s shared values, aspirations and diversity.

Tijani specially commended the Nigerian Communications Commission (NCC) and other agencies that constituted the Local Organising Committee (LOG), on behalf of the Nigerian government as well as all sponsors, for a successful 2023 AfIGF. The Minister was delighted that their effective planning and dedication to driving change in Africa’s digital future is commendable.

Executive Vice Chairman of NCC, Prof. Umar Danbatta, who, at the opening and closing ceremony of the event as well as in panel discussions, provided insights on NCC’s commitment to driving a secure Internet ecosystem in Nigeria through various regulatory initiatives. Danbatta stated that Nigeria has attained tremendous growth in broadband penetration, basic Internet usage, and voice subscriptions and recorded impressive contributions to the nation’s Gross Domestic Product (GDP).

The NCC CEO said that, as Nigeria hosted this year’s edition of the AfIGF, the country was focused on sharing experiences with other sister nations in Africa as well as learning from the AfIGF parliamentarians from Africa who gathered at the forum to collectively drive the frontiers of the ideals of proper utilization of Internet resources to promote socio-economic development on the African continent.

Chief of the Section on Innovation and Technology at the United Nations Economic Commission for Africa (UNECA), Dr. Mactar Seck, thanked the NCC and all entities of government that provided support and played a great role in ensuring the success of the event, said with a forum such as the AfIGF, African nations can continue to aggregate views that allow them to speak with one voice to get greater benefits for African economic development.

“I sincerely thank the EVC of the NCC, Prof. Danbatta, who is playing a great role in the development of digital technology in Nigeria. I also appreciate the AfIGF Secretary General, other sister agencies, and the Multistakeholder Advisory Group (MAG) that made the event successful,” he said.

Also speaking at the weeklong event, the Secretary of the African Parliamentary Network on Internet Governance, Honourable Samuel George of Ghana, called for free Internet “that is inclusive, safe and secured for all citizens of Africa.” He said this can only be achieved through collaborative effort by coming together to build an inclusive Africa.

“For Africa to be self-sufficient, it must create an enabling environment and laws and provide digital infrastructures for young innovators to strive. This will, in turn, promote indigenous and local content development in technological development,” George said.

This year’s edition of the AfIGF with the theme: “Transforming Africa’s Digital Landscape: Empowering Inclusion, Security and Innovation”, which took place at the Congress Hall of Transcorp Hilton, Abuja, provided yet another veritable platform for African countries to discuss germane issues that will pave the way for the development of a more robust digital economy in the continent.

Meanwhile, after the event, a communique was issued detailing resolutions made at the event and concrete recommendations, based on which Danbatta urged the participants to ensure effective implementations when they return to their respective countries ahead of next year’s forum.

Before the AfIGF, which started from September 19-23, 2023, the 11th Africa School of Internet Governance (AfriSIG), took place from September 13-18, 2023 and was facilitated by the Association for Progressive Communications, the Africa Union, Research ICT Africa, the Africa Parliamentary Track and the United Nations-IGF Secretariat and the Africa Youth IGF.

Winners Emerge in NCDMB National Essay Competition

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Winners of the 7th Nigerian Content Annual National Undergraduate Essay Competition, 2023, were unveiled at the Lady Daima Memorial Event Center, Yenagoa, Bayelsa State at a well-attended ceremony. It was the Grand Finale of the competition, with the top 10 finalists awarded prizes.

Overall best was Miss Iruoma Favour Lazarus, a 200-level student of the Faculty of Law, Nnamdi Azikiwe University, Awka. She received a cheque for one million naira (N1,000,000.00) and an HP laptop. The second prize went to Miss Lucy Agbalu, a 100-level student of Microbiology at the University of Calabar, who had a cheque for seven hundred thousand naira and an HP laptop, while the third prize was won by Akinduyite O. Samuel, who received five hundred thousand naira and a similar laptop.

In an address to the “Award and Prize-giving Ceremony,” the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, said the Board seeks to “inculcate local content consciousness among students of our higher institutions,” thereby creating champions of such an endeavour.

He described local content as “an existential necessity for every nation, particularly for developing nations like Nigeria.” That much was evident from the resilience of Nigeria’s oil and gas industry in the face of the COVID-19 pandemic in 2020/2021.

The NCDMB boss noted that the topic of the essay competition, which was “Nigerian Content and the Lessons from COVID-19,” was well-conceived “considering how the COVID-19 pandemic devastated our world.” He said at the height of the pandemic, “the movement of persons and goods was disrupted for several months, forcing every nation to rely on their local resources for survival.”

According to him, “The Nigerian oil and gas industry survived that period because of the huge local human and infrastructural capacities we had developed since the enactment of the Nigerian Oil and Gas Industry Content Development Act in 2010.” Efficient implementation of the Act, he pointed out, “ensured that Nigeria’s oil production continued without interruption, even when all the expatriates had left the country.”

Engr. Wabote, who was represented by the Manager, Corporate Communications, Barr. Esueme Dan Kikile, called on policy-makers at different levels of government and in the private sector to take deliberate steps “to develop resilient and sufficient human and infrastructural capacities in key sectors of our national fabric, which can withstand any external shocks in future.”

While commending winners of the essay contest and the consultants, Mahogany Century Concepts Limited, he said the Board has sustained the competition for seven years because of the huge importance it attaches to it, and that the intention is to challenge students in tertiary institutions to sharpen their writing skills and engage youths in productive activities.

The annual essay competition is one of several initiatives of the NCDMB designed to benefit the youth segment of the Nigerian population. Others include the ‘Integrated Institutional Strengthening and Upgrade,” under which the Board has undertaken and completed massive renovation of technical workshops and installation of world-class facilities in institutions like Government Technical College, Amoli in Enugu State, Government Technical College, Abak in Akwa Ibom State, Government Technical College, Port Harcourt, and the University of Ibadan Vocational School.

The Chairman of the occasion, Professor Allen A. Agih, in his opening speech, commended the NCDMB for its remarkable contributions to capacity building in the country. He corroborated the point made by the Executive Secretary on how the resiliency of the oil and gas industry withstood the pandemic, stating, “Nigerians did not run to foreign countries when COVID-19 struck.” He was represented by Mr. Fibainonine G. Paulley.

Chief Executive Officer of Mahogany, Mr. Eyinimi Omorozi, thanked the Executive Secretary and Management of the NCDMB for the sponsorship of the essay competition and contribution to national development.

 

NCDMB Pledges Support to OGTAN, Charges Group on Categorisation

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The Oil and Gas Trainers Association of Nigeria (OGTAN), a group of independent training providers in the Nigerian oil and gas industry received a pat on the back for a job well done as it presented its Review of National Executives Performance to the Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, at the Nigerian Content Tower in Yenagoa, Bayelsa State.

The group was led by its President, Mazi Sam Azoka Onyechi and accompanied by other top officials, and the review they presented highlighted initiatives and activities termed ‘First Tenure.’ The review gave a detailed account of grounds covered in manpower development and related goals of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, within the period under consideration.

OGTAN listed ‘Authorized Training Services Practitioner (ATSP) Protocol’ as part of capacity building for its members in service delivery competencies that would position them to “reasonably compete with international training organizations” and to secure “industry-wide acceptance” of the Association’s certifications.

To achieve the accomplishments, OGTAN, the leading unit of the Education and Training Sectoral Group of the Nigerian Content Consultative Forum (NCCF) had to set “a minimum practice standard” for members, numbering over 400, with “a third-party verification audit” to enable them to grade themselves against known corporate standards.

OGTAN equally promoted “digital literacy and other technology-backed training in service delivery for members via an Agency Agreement with CERTIPORT [a renowned provider of advanced technology solutions]” and conducted well-attended public lectures on human capacity development. The Association remarkably established and “operationalized the OGTAN Young Professionals Forum,” an online platform targeted at undergraduates of tertiary institutions in the country.

In addition, the Association “fostered and deepened local and regional collaborations with stakeholders as varied as Petroleum Training Institute (PTI), Effurun, Delta State, Petroleum Technology Association of Nigeria (PETAN), Petroleum Technology Development Fund (PTDF), Oil and Gas Trainers Association of Uganda (OGTAU), and The Welding Federation, Africa (TWF), among others.

The presentation was well received by the Management of NCDMB, OGTAN’s Mother parastatal, which expressed its expectation that a lot more could be achieved in the course of time. “We need to get the oil and gas sector right to be able to conquer the world,” declared the Executive Secretary, Engr. Wabote, in his excitement at the accomplishments of the body.

“We’ll continue to support OGTAN,” he assured, while urging the Association to strive for higher performance and to do more to create greater awareness of its existence and what its functions and capabilities are. He said a functional website would make the organisation’s existence, functions and capabilities better known and appreciated.

According to the NCDMB boss, “If you don’t market yourself, nobody will know who you are,” adding that it needs to showcase its programmes, faculty members, and facilities, among other things. A website should provide answers to posers such as “Who are your Grade B trainers?” and how membership of the Association could be beneficial to an organisation in the oil and gas industry and the society at large.

He urged the Association to consider organising some of its training programmes at well-resourced training outfits like the Centre for Skills Development and Training (CSDT), Omagwa, Rivers State, which is nearing completion. The Centre, which is the product of a collaboration between the NCDMB and PTDF, has world-class facilities for technology-based training.

In his comments, the Director, Capacity Building Division, Dr. Ama Ikuru, said the efforts of the Association were commendable but that there were areas where further improvement was possible.

OGTAN is focused on the development and strengthening of skills of members through participation in conferences, workshops and technical business forums, and has provided training on a regular basis across the oil and gas industry value chain.

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.