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Nigeria B2B Links

NEWS UPDATE (Thurs. 01.08.19)

GETINSURANCE AN ONLINE PLATFORM FOR EDUCATING NIGERIANS ON INSURANCE LAUNCHES

leading insurance content platform in Nigeria launches. The platform is inviting visitors to explore its new website on insurance and financial topics and learn about the opportunities and how insurance can benefit the market. While prioritising user-friendly experience, exciting and detailed information on insurance and the policies offered is expanded in this platform.
It currently is the go-to repository for information on insurance and financial content in Nigeria.
Understanding the limitations of insurance to the target audience and the eminent risks of declining an insurance offer, this platform helps the Nigerian reader understand how, why and where they should insure their assets for the unexpected or inevitable.
With improved navigation and functionality, GetInsurance allowing customers to grasp the subject of insurance especially HMO or Health Insurance. Its unique content formation makes this accessible to the public, ranging from the young to the old. Hence, insurance products and services are written to be as simple as possible in order to make people make the right decisions.
It brings together people’s plans in accordance to the different insurance brands’ goals. Hence, it walks readers through the simple steps in ensuring all the insurance policy in a clear and concise manner.
We cover services such as health insurance, life insurance, car insurance, property insurance, travel insurance and many more. Each policy has a broader knowledge on step by step guide on securing one and the reasons why you should take insurance.

RENMONEY CHIEF EXECUTIVE OFFICER RESIGNS

Renmoney Microfinance Bank Limited has announced the resignation of its CEO and managing director Oluwatobi Boshoro.
Renmoney secretary Ighiwi Erhahon said Boshoro resigned to attend to personal matters.
Renmoney secretary Ighiwi Erhahon said Boshoro resigned to attend to personal matters.
Erhahon said the chairman of Renmoney’s board of director Kieran Donnelly will be acting CEO until a permanent replacement is made.

VOLUNTARY DELISTING: NSE DELIST ENTIRE SHARES OF FIRST ALUMINUM

The Nigerian Stock Exchange (NSE) on Wednesday delisted the entire issued share capital of First Aluminium Nigeria from its Daily Official List following the company’s request for voluntary delisting.
Mr Godstime Iwenekhai, NSE Head of Listings Regulation Department, said that the entire issued share capital of the company were delisted from the Daily Official List of the exchange on Wednesday.
Iwenekhai said that the delisting was further to its market bulletin of May 13 which notified dealing members of the suspension of trading in the shares of the company in preparation for the voluntary delisting.
The NSE notified dealing members that in preparation for the voluntary delisting of the issued share capital of First Aluminium, Apel Asset Limited, on behalf of First Aluminium, had requested that the issued share capital of the company be placed on suspension.
It said: “In view of the above, the shares of the company will be placed on suspension effective May 15.

First Aluminium, had earlier, explained to shareholders that the current illiquidity in the capital market had rendered the primary corporate objective of its listing to raise capital and provide liquidity unattainable. It said it was seeking a voluntary delisting from the main board of the NSE as there had been little or no trading activity on the shares held by the minority shareholders over the last seven years. The company said neither it nor any shareholder was benefitting from the continued listing on the NSE.

The majority shareholders (with over 75 per cent shareholding) are the promoters of the transaction and the majority shareholders wish to offer other shareholders (the minority shareholders) the opportunity to either remain shareholders of the unlisted company or accept a consideration for their shares which the majority shareholders are willing to purchase,” it said.

FIDELITY BANK DISBURSES N24 MILLION TO ABUJA CUSTOMERS

Some customers of Fidelity Bank PLC within the Federal Capital Territory, Abuja and its environs would be receiving the total sum of N24 million from the bank within the next week as reward for their loyalty to the Nigeria-based bank.
Mr. James Ijeoma, leader of Adetokunbo Ademola, Abuja branch made the remarks at the first phase of customer loyalty scheme codenamed: Abuja bank activation yesterday in Abuja.
Ugonaya Okoro who represented the divisional head of retail banking in Fidelity said beyond rewarding the customers, the initiative was to bring the unbanked people to the banking table in line with the financial inclusion drive of the Central Bank of Nigeria.
Every month, customers are chosen randomly in appreciation for their loyalty to the brand. The programme has been held for over four years and over N2.6 billion has been disbursed to over 2,600 customers as loyalty reward across all branches of the bank in Nigeria, Ijeoma said.
To qualify for the monthly draw, potential customer are expected to open a new Fidelity Personal Savings account, while existing customers are encouraged to top up their account with at least monthly.

You don’t have to build it up with N1 million. You can start as low as N1000 and begin to run your account. We also have Fidelity SWEETA Account for children. Once you open an account for your children and you run it, you stand a chance to be a beneficiary of loyalty reward. Every category of customers is involved in this reward scheme.
We value our customers at Fidelity bank; that is why we say we keep our word. We give back to you as our customers. So, it’s an appreciation for you banking with us. We have done it for four years and we will continue to do it to prove to the customers that we appreciate them.
For Abuja regional Bank 2, we have N12 million” to give out this week. You can say collectively in Abuja (Bank 1 and 2) as a whole, the bank is giving out N24 million within this one week,” Ijeoma said.

GE LAUNCHES NIGERIA REPORT OF GLOBAL INNOVATION BAROMETER SURVEY

GE has unveiled the Nigeria Report of the 2018 GE Global Innovation Barometer. Titled “From Chaos to Confidence: Emerging Players, Emerging Technologies, Emerging Challenges,” the survey explores how Nigerian business leaders perceive the barriers to and opportunities for innovation in the country.
The Nigeria Report, which sampled 80 innovation business executives, was unveiled at a forum held at GE Nigeria’s headquarters as part of events celebrating GE being in Africa for over 120 years.
“Innovation and technology are fundamental for Africa to be able to compete in a global frame work. Localization is also important – innovation needs to be tailored to the specificities of local needs. We need to develop home-grown solutions for Africa.,” Farid Fezoua, President and CEO, GE Africa, said in his opening remarks at the event.
He added that training programs like the GE Lagos Garage, aimed at Nigerian entrepreneurs, helps support local innovation in the country.
The Nigeria Report is part of the Global Innovation Barometer that surveyed 2,090 business executives across 20 countries. This is the sixth edition of the survey since 2010.
One of the findings of the report, which was presented by Patricia Obozuwa, Chief Communications & Public Affairs Officer, GE Africa, shows that multinationals continue to take the lead in driving innovation, which conforms to the global narrative. Obozuwa stated that 36% of Nigerian business executives say multinationals drive innovation compared to the global figure of 23 per cent. Likewise, SMEs are also viewed as a key driver of innovation over-indexing against the global figure by 12 percentage points (Nigeria 23 per cent , Global 11 per cent).
Amongst other findings, the survey reveals that attitudes towards 3D printing are positive in Nigeria. Almost nine in ten business executives believe 3D printing will have a positive impact on businesses (88 per cent).
The results of the survey were further explored and discussed by a panel of experts which included Dr Akintoye Akindele, Partner, Synergy Capital Managers; Solape Hammond, Co-founder, Impact Hub; Thelma Ekiyor, Co-Founder & CEO, Afrigrants and Olumbe Akinkugbe, Director, Ondo State Information Technology Agency. The panel recommended several strategies to encourage SME innovation in Nigeria including close collaboration between the public and private sector.
In his key note speech, the Lagos State Governor, Mr Babajide Sanwo-Olu who was represented by the Secretary to State Government, Mrs. Folasade Jaji, said: “Through its activities, GE has supported economic growth in Africa within a period spanning over 120 years. It has also been a key partner in progress in Nigeria where it has operated for over four decades. We are delighted to note that GE is providing support that will enable us leverage on the emerging potentials of the 24/7 economy of Lagos mega city and a location of first choice for investors.”
Sanwo-Olu commended GE on the success of the GE Lagos Garage initiative which, he noted, has empowered young people through training and capacity building in areas of business development and advanced manufacturing-based technology enterprise, among other skills. “As our partner in progress, Lagos state government will continue to collaborate with you, especially in the critical areas of power and healthcare, as well as skills development” he added.

  1. GETINSURANCE AN ONLINE PLATFORM FOR EDUCATING NIGERIANS ON INSURANCE LAUNCHES
  2. RENMONEY CHIEF EXECUTIVE OFFICER RESIGNS
  3. VOLUNTARY DELISTING: NSE DELIST ENTIRE SHARES OF FIRST ALUMINIUM
  4. FIDELITY BANK DISBURSES N24 MILLION TO ABUJA CUSTOMERS
  5. GE LAUNCHES NIGERIA REPORT OF GLOBAL INNOVATION BAROMETER SURVEY

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