Uncategorized
BPE Assures on Steady Power Soon
Benjamin Dikki, director general, Bureau of Public Enterprise (BPE) has asked anxious Nigerians desirous of steady public power supply to be patient as new core investors in the sector streamline strategies to get the country on sound footing.
Dikki stated at the public presentation of the Sapele Power company in Delta state to its core investor, Messrs CMEC/EuraAfric Energy Ltd that Nigerians were more than ever before “closer to a new dawn where power would be taken for granted.”
He assured that that in a few years, “the globally acclaimed successes recorded in the Telecom reforms would pale when compared to the opportunities expected in the power sector reform.”
Dikki said the determined leadership of the President Goodluck Jonathan and Vice President Mohammed Sambo, and their “insistence to the strict adherence to transparency and accountability was the difference between success and failure of the transaction.”
The country’s political leadership, Dikki noted, “has made a conscious effort to make the private sector the driver of economic growth in Nigeria; adding that the power sector reform was part of the administration’s avowed commitment to make Nigeria better than it met it.”
He stated that it was not by chance that Nigeria’s power sector reform and privatization was “adjudged the biggest, most transparent and comprehensive power sector privatization in recent history.”
On the low and still erratic power situation nationwide, despite the privatization efforts and promises of greater stability; Dikki assured the situation would improve drastically soon. He assured that the Sapele Power Plc would soon achieve the maximum installed capacity and begin to expand capacity, creating more jobs and opportunities for all Nigerians.
Chigbo Anichebe, head, public communications at BPE told Nigeria CommunicaitonsWeek that following the emergence of CMEC/EURAFRIC ENERGY LTD as the preferred bidder for Sapele Power Plc. for a bid consideration of $201 million, the company paid up $50,250,000, which is 25 per cent of the consideration by the deadline of March 21, 2013 as was required.
However, it was unable to complete the payment of the balance 75 per cent by the end of deadline on August 21, 2013; it has none-the-less paid an additional amount of $79,186,656.55 to bring its total amount paid to $129,436,656.55.
Anichebe stated that CMEC/EURAFRIC requested for extension of the payment deadline in accordance with the Share Sale Agreement. “This request was carefully considered and the Attorney General’s advice sought before the National Council on Privatization (NCP) gave its approval. On that basis, the Bureau wrote to CMEC/EURAFRIC conveying the approval, but quickly reminded the company that the extension was subject to its payment of the penalty, which is interest on the outstanding balance (at the prevailing rate of LIBOR + 5%) with effect from the day of default. The company was also warned that the extension, which would elapse on January 29, 2014, was final. The payment deadline was met by the core investor, hence the handover,” said Anichebe.
The handover marks the concluding stage of the transaction for five (5) generation companies and ten (10) distribution companies. The remaining two successor companies (Afam Power Plc. and Kaduna Disco) will be handed over to their respective owners after payment of the 75 per cent balance of the acquisition cost.
Uncategorized
Ina Alogwu Joins 9mobile as Chief Digital and Innovation Officer
9mobile has appointed Ina Alogwu as its new Chief Digital and Innovation Officer (CDIO), marking another significant step in the company’s business transformation agenda.
In his new role, Alogwu will be responsible for guiding the development and execution of 9mobile’s long-term strategy across the entire digital and technology ecosystem, including new technologies, digital platforms, and business models while nurturing a culture of innovation within the organization.
His appointment demonstrates 9mobile’s firm commitment to driving digital transformation and enhancing its innovative capabilities to better serve customers and stay ahead of market trends.
Alogwu is a visionary leader and seasoned strategist with nearly two decades of transformative experience in digital commerce, mobile payments, and technology ecosystems, making him an invaluable addition to 9mobile’s leadership team.
He has a proven ability to identify emerging trends and harness them to develop and execute groundbreaking digital products and strategies. His expertise spans product innovation, data strategy implementation, and agile business transformations, all of which have delivered significant and sustainable results across diverse industries and regions.
He joins 9mobile from ARM Holding Company, Nigeria, where he was the Group Director, Digital Transformation and spearheaded innovation initiatives, implemented a robust data strategy, and managed venture-building programmes that supported numerous African tech startups.
His very distinguished and diverse professional journey also includes an impactful tenure at Interswitch Limited, where he held roles such as Group Head, Verve Digital, and Group Head, Payment Processing. In these roles, he led the creation of groundbreaking payment platforms and digital solutions across West and East Africa.
Earlier in his career, Alogwu held roles at the Economic and Financial Crimes Commission (EFCC) as a Training Specialist and worked at Integrated Business Strategies as a Business Analyst.
Speaking about the appointment, 9mobile CEO Obafemi Banigbe expressed confidence in Alogwu’s ability to lead the company’s innovation efforts, saying, “Alogwu’s broad professional background makes him the perfect fit for our innovative and business transformation journey as he joins a team of recently appointed senior business leaders to drive this process and the next phase of our growth.
“His role is crucial for navigating today’s fast-paced digital environment. And he has been entrusted to lead the charge in harnessing new technologies, driving digital transformation, and ensuring the company remains adaptable to change, which is integral to fostering innovation and positioning 9mobile as a forward-thinking leader in its industry.”
The New CDIO said, “I’m delighted to join 9mobile and collaborate with the CEO and the leadership team on the innovative initiatives already in progress.
As we navigate the rapidly evolving digital landscape, I’m eager to leverage my expertise in digital strategy, technology, and innovation to drive 9mobile’s mission to deliver exceptional customer experiences and achieve our strategic objectives.”
Alogwu’s academic credentials further underline his readiness for this role. He holds an Executive Master’s in Digital Transformation and Innovation Leadership from IE Business School, Madrid, and a Postgraduate Diploma in Digital Business from Emeritus Institute, in collaboration with MIT and Columbia Business School.
He also completed the Senior Management Program at Lagos Business School, Pan-Atlantic University, and earned a BSc. in Geology & Mining from the University of Jos, Nigeria.
His education is further enriched by certifications in Product Management, Lean Six Sigma, and Strategic Innovation, equipping him with a robust foundation to drive innovation, lead digital transformation, and achieve business excellence in competitive landscapes.
His ability to combine academic knowledge with practical expertise has positioned him as a trailblazer in the digital commerce and technology sectors.
Beyond his technical expertise, Alogwu is adept at cultivating and managing strategic relationships with global multilateral organizations and financial institutions, leveraging these partnerships to unlock profitable opportunities. He has consistently demonstrated excellence in leading multicultural teams and navigating complex, multi-stakeholder environments to deliver transformative outcomes.
Uncategorized
NAICOM Signs Agreement with NDPC on Data Protection in Insurance Sector
The National Insurance Commission (NAICOM), has signed agreement with the Nigerian Data Protection Commission (NDPC) with the aim of enhancing data protection within the insurance sector.
According to NAICOM, the Memorandum of Understanding (MoU) has as its objectives training and capacity building in the area of providing training to enhance awareness and skills in data protection, establishing privacy clinics by setting up specialised clinics to address data protection concerns and provide guidance.
NAICOM said other objectives of the agreement include conducting compliance activities, regularly monitoring and enforcing compliance with data protection regulations, promoting awareness in the area of educating insurance companies on the importance of data protection and the benefits of adhering to best practices.
Developing data protection guidelines through creation of specialized guidelines for insurance institutions to ensure they are equipped to handle data protection responsibilities effectively.
NAICOM said the collaboration marked a significant milestone in safeguarding the personal data of insurance policyholders and promoting trust in the insurance sector.
The commission said to ensure the effective implementation of the agreement, an implementation committee would be established. The committee, the commission said, would comprise of representatives from the two agencies, as well as other key industry associations, including the Nigerian Insurers Association (NIA) and the Nigerian Council of Registered Insurance Brokers (NCRIB).
Uncategorized
5 Benefits of MTN Mobile Ads for your Business
Businesses worldwide are increasingly embracing mobile advertising services, allowing them to connect with potential customers directly on their smartphones and engage with them more effectively.
This trend is rapidly gaining momentum, and companies in Nigeria are also taking part in this shift.
Every day, more Nigerian businesses are seeking the most efficient strategies to reach their target audiences and convert them into loyal customers.
MTN Nigeria is redefining digital advertisement with MTN Mobile Ads. With a rich customer base of 79.5 million subscribers in Nigeria, MTN Mobile Ads continues to help businesses reach millions of customers nationwide.
Here are five reasons you should use MTN Mobile Ads for your business advertisements:
Targeted marketing
MTN Mobile Ads uses first party data to enable specific targeting of audience based on behaviour, interests and demographic. This ensures that your marketing efforts are directed toward the most relevant audiences, thereby increasing engagement and conversion.
Data-Driven Insights:
Businesses can gain valuable insights from their advertising campaigns, allowing them to fine-tune their strategies for maximum impact. This data-driven approach helps in optimizing campaigns based on real user behaviour and preferences
Diverse advertising formats
This service supports several advertising formats including targeted SMS, marketplace listing on the MyMTN app, display banners, and Rich messaging services (RCS) across both mobile and web platforms. This versatility allows your business to customize your marketing strategy to suit different audience preferences and increase engagement opportunities.
Data-free solutions
MTN Mobile Advertising provides data-free solutions. That means users can view your Ads with or without data. This feature significantly increases engagement rate as it allows your business connect with customers who may have been avoiding ads to save their data.
Cost-effective
With MTN Mobile Ads, you can choose an advertising plan that suits your budget. This flexibility allows businesses to enjoy the benefits of advertising without overspending.
As competition in businesses increase, the need to make advertising a crucial part of your marketing strategy cannot be over-emphasized.
MTN’s Mobile advertising services are the most result-oriented strategy your business should engage in so you can have the same opportunities your competitors may have.
- E-Financial2 days ago
UBA Group Sets Foot in France with Full Banking Services
- News3 days ago
TCN Reveals N8.8 Billion Expenditure on Restoring Destroyed Transmission Towers
- Telecom3 days ago
Google, Meta Criticize Australia’s Rush to Pass Social Media Ban for Under-16s
- Broadcasting2 days ago
TETFund Suspends Foreign Scholarships Due to Rising Costs and Abscondment
- News2 days ago
Stanbic IBTC Asset Management Unveils Anti-scam Measures to Protect Mutual Fund Holders
- E-Financial2 days ago
MoneyMaster Promotes Financial Inclusion, Offers more Bonus to Customers
- E-Financial3 days ago
PenCom, PenOp to Integrate Uncovered Workers into Micro Pension Plan
- Uncategorized2 days ago
NAICOM Signs Agreement with NDPC on Data Protection in Insurance Sector