E-Financial
WorldRemit Announces Africa-focused Entrepreneurship Program in Nigeria
As part of the commitment to creating opportunities and facilitating development in Africa, WorldRemit, the global digital money transfer service, has today announced the launch of its WorldRemit Entrepreneurs Program in Nigeria, as well as in Kenya, Ghana, and Zimbabwe with Patrick Nnaemeka Okorie aka Patoranking as the program’s brand ambassador.
Since the outbreak of Covid-19 across Africa, the continent has experienced a significant setback with the businesses of many entrepreneurs taking a hit.
These entrepreneurs control the Micro, Small, and Medium Enterprises (MSMEs) landscape, that have made significant contributions to the growth of the African economy especially through the creation of jobs. Today, WorldRemit is kickstarting this significant investment to support and empower these small businesses to grow their businesses.
The program will commence from November 2020 till the end of January 2021 and will focus on empowering 50 entrepreneurs each, from the four African countries with a business booster pack and a digital business training course to help the program participants develop the required skills to scale up and run their businesses successfully.
The training module was developed and will be delivered in partnership with The Nest, a pan-African tech incubation hub reaching entrepreneurs from all sectors, domains and industries across the continent.
Patoranking, as the Entrepreneurship Program brand ambassador will promote the partnership with WorldRemit and encourage people to enter the competition which will help to build entrepreneurship across Africa.
As a leading Music star with a solid entrepreneurship background, he is well-positioned to support these businesses on their journey to growth.
Speaking on this partnership, Gbenga Okejimi, Country Manager, Nigeria and Ghana, WorldRemit said: “Much of what Africa is today is due to its entrepreneurship which is a key driver for socioeconomic progress through significant job creation and innovation.
At WorldRemit, we want to be known for fostering the African entrepreneurship spirit. We want to be a part of Africa’s future prosperity. By helping build entrepreneurs across our African markets, we are enabling growth and development.”
To participate, WorldRemit customers from around the world are encouraged to send a minimum of £50 (or its equivalent value in their local currency) to Nigeria, Ghana, Kenya or Zimbabwe between 2nd November and 31st December 2020.
Winners will be chosen through a draw to nominate the budding entrepreneurs living in Nigeria, Ghana, Kenya and Zimbabwe. The nominated entrepreneurs will receive the WorldRemit Business Booster pack, as well as access to the digital training course.
E-Financial
First Bank Proposes New Name after Upgrading Banking Platforms
FBN Holding Plc, one of Nigeria’s foremost banks, has announced plans to change its name, Plc at its upcoming 12 Annual General Meeting (AGM) on November 14, 2024.
The bank announced this in a notice of its AGM signed byAdewale Arogundade, acting company secretary .
The name change is one of the several notable decisions the bank’s shareholders will consider at the AGM.
The company’s rebranding will also extend to its subsidiaries across Africa.
The notice reads: “The shift to “First Holdco Plc” represents a significant moment for FBN Holdings, aiming to modernise its identity and streamline its corporate structure.
E-Financial
FairMoney Thrills Customers with Significant Interest Boost, Offers up to 30% on FairLock
FairMoney, a financial service provider, is pleased to announce a significant update to all its savings services, delivering some of the highest interest rates in the Nigerian financial market.
This increase underscores FairMoney’s ongoing commitment to providing exceptional value and supporting customers’ financial growth. Given the current high inflation of 32.7% as of September 2024 as released by the Nigeria Bureau of Statistics, FairMoney intends to provide customers with options that improve their return on savings.
As part of this update, FairLock now offers up to 28% interest per annum, with an exclusive 30% per annum on certain tenures for first-time users.
This makes FairLock an even more rewarding fixed-term deposit option where users can securely lock their funds and enjoy between 18% and 28% p.a upfront interest payments.
Commenting on this development, Manager Director of FairMoney, Henry Obiekea, reaffirms the company’s commitment to supporting customers’ financial growth and ensuring a rewarding savings experience.
“We understand that saving is an important part of financial growth, and we want to ensure that our customers are not just saving but also growing their wealth with the best returns.
“With the new 28% interest rate on FairLock, 20% interest rate on FairTarget, and 17% interest rate on FairSave, our goal is to ensure that we continue to prioritize customer satisfaction, ensuring that they have the most beneficial and rewarding savings experience,” he said.
Another savings product, FairTarget, now offers a competitive 20% interest rate per annum, an increase from its previous 17% per annum. This provides customers with a flexible, secure, and rewarding way to save toward their financial goals while earning substantial returns.
FairSave on the other hand, changed from 15% per annum to an increased interest of 17% per annum. This product offers daily interest accrual and the flexibility to withdraw funds to a FairMoney bank account at any time without penalties, making it ideal for users looking to save for short-term goals while keeping their funds easily accessible.
FairMoney’s competitive interest rates, fast transaction processing time, and minimal service disruptions are highly favorable for salary earners, seeking reliable financial services to receive and grow their money, without sacrificing flexibility or accessibility
According to FairMoney, all savings processes have been made easy, allowing users to fund their FairLock, FairTarget, and FairSave accounts via their FairMoney account or other external banks.
E-Financial
Media Capacity Training: Polaris Bank trains more than 5,000 journalists in 10 years
Polaris Bank Limited, Nigeria’s leading digital retail commercial bank, has empowered more than 5,000 journalists across the country through its yearly media capacity building workshops in the last 10 years.
The 2024 edition of the media workshop, which held on Thursday in a hybrid format, focused on “Integrating AI Tools in Contemporary Media Practices for Innovation and Excellence.”
Speaking at the event, Rasheed Bolarinwa, Head of Brand Management and Corporate Communications at Polaris Bank, noted that the bank will continue to provide its unwavering support for the journalists and the media as a vital pillar of society.
“We believe that journalists and the media plays crucial role in shaping public discourse and fostering informed citizenship,” Mr. Bolarinwa said.
“Our commitment to training journalists across the media spectrum, is rooted in our belief that they (journalists) deserve the best possible support to excel in their profession.”
He said the bank started the media training partnering journalism clinic and holding workshops in various cities across the country. The media clinic which focused on divination of the media, was facilitated by Mr. Taiwo Obe, a veteran journalist.
Bolarinwa disclosed that more than 500 journalists registered for the 2024 edition and expressed the hope that the bank will continue to do more to support journalists and the media by bringing the best faculty to facilitate contemporary issues at its subsequent media workshops.
The programme featured a diverse range of topics, including; creativity, AI tools, and critical thinking.
Dr. Chike Mgbeadichie, a Senior Lecturer at the Pan-Atlantic University, provided insights into the application of AI tools in media practices while Mr. Lekan Otufodunrin, Executive Director of the Media Career Development Network, discussed contemporary media trends such as multimedia journalism, fact-checking and data journalism.
Dr. Mgbeadichie noted that at the end of the seminar, participants will be able to reflect deeply on thinking, actions and processes needed to generate ideas, possibilities and actions.
He added that journalists should be able to figure out how to analyze, synthesize and evaluate information; know the different AI tools available in the media space as well as understand the benefits of AI tools in contemporary media practices, among others.
Mr. Otufodunrin explained that journalists should be adept at the use of solutions journalism to enhance their investigative capabilities, using new tools such as OSINT, Geo journalism, data analysis, digital forensics, website blogs, social media, newsletters, podcasts e-publishing and social media engagements, among others.
Participants from across Nigeria, both online and in person, expressed their gratitude for the opportunity to enhance their skills.
Segun Adeleye, publisher of Worldstage, commended Polaris Bank for its continuous dedication to fostering media excellence in Nigeria.
- Uncategorized2 days ago
BasiGo Secures $42M in Funding to Scale Public Transport Electrification in Sub-Saharan Africa
- Telecom2 days ago
Starlink Suspends Price Hike: A Victory for Nigerian Consumers
- E-Business2 days ago
Inuwa Seeks Collaborative Effort in Combating Cybercrime in the Country
- E-Financial2 days ago
Media Capacity Training: Polaris Bank trains more than 5,000 journalists in 10 years
- E-Financial2 days ago
FairMoney Thrills Customers with Significant Interest Boost, Offers up to 30% on FairLock
- E-Financial10 hours ago
First Bank Proposes New Name after Upgrading Banking Platforms
- E-Business10 hours ago
Nigeria Makes List of Top 10 Countries with Highest Cases of Internet Scams
- E-Business10 hours ago
Konga Yakata 2024: Massive Discounts and Exciting Deals Await Shoppers