News
CitiServe Launches OrangeBox™ 7210, Retail Platforms
By peter oluka
CitiServe Limited, a member of the Vigeo group Limited recently launched its OrangeBox™ 7210. Citiserve is a technology enabled distribution company with focus on enterprise solutions and payment services that make life easier.
It provides e-business solutions for the industry, developing applications for e-transactions, bill payments and numerous value added services. This in turn provides income, facilitates cashless payments via bank cards on the PoS and other touch points.
CitiServe is described by industry experts as a dominant payment and distribution platform for products and services. They achieved this status by offering radically superior value for stakeholders in terms of product service, delivery and speed. This belief and achievement is conspicuously embedded in their vision.
The OrangeBox™, Introduced in 2011, a part of Central Bank of Nigeria cashless roll-out, is the preferred POS terminal modeled for the climate of Nigeria with its strong external shell for accidental drop.
It has a very strong transceiver to pick weak signals for GPRS networks (MTN, Etisalat, Glo, and Airtel) with options for other POS communication including Wi-Fi, LAN and dual SIM.
To further strengthen its market base and its ever growing appetite to bring ease of financial transaction to their growing customers/consumers, CitiServe recently introduced the Orangebox™ 7210.
The launch of the new spectacle in the world of e-payment at Four Points by Sheraton recently, was witnessed by representatives of virtually all the banks in Nigeria, Nigerian Interbank Settlement System (NIBSS) and other captains of the industry.
The new OrangeBox™ 7210 box is a high performance multiple hold terminal and has the capacity to support multiple tasks and application. Several breath-taking components makes the OrangeBox™ 7210, a dream come true for e-payment services.
The new OrangeBox™ 7210 with its attractive features lends credence to Citi Serve’s drive to be known as a base for innovative ideas and this assertion was echoed by the industry bigwigs that graced the launch.
Those that shared their thoughts were unanimous on how CitiServe sets the standard and then go above it again and again with strategic innovation in its product features.
OrangeBox™ 7210 is poised at delivering superior value to our stakeholders-banks, billers, merchants and the consumers.
Through market insight and understanding, CitiServe developed the OrangeBox™7210, a robust, dynamic and efficient PoS machine unparalleled in today’s PoS industry.
With the launch of the Orangebox7210, e-payment is set to experience a new dawn as it hits the market to give uncommon services to consumers and customers alike.
The Chief Operating Officer said “the CitiServe Orangebox was built on innovation and will stick with this belief in satisfying its consumers as long as e-payments operate in Nigeria and innovation will not be compromised”.
CitiServe also used the opportunity of the launch to introduce its Retail platform. The OrangeBox™ Retail platform is a digital distribution platform that creates and delivers value, through the chain to the last mile by providing income opportunities in the sale of e-products via the OrangeBox™ point-of-sales device and on-time and in-full product delivery to the consumer.
This platform “it’s not just a PoS, it is a Merchant”, as it affords the retailers the opportunity to up-sell and make more profit.
The platform with over 40,000 OrangeBox™ Pan Nigeria, affords billers/ product owners a deep and penetrating distribution channel delivering availability, accessibility and more profit to biller.
Its expanding products include sales and payment of Airtime, Pay/cable TV, Power/utility bills (token), Lottery, Internet, Insurance, Money Transfer and much more. Our ever expanding product platform is structured to explore catalogue sales and physical products distribution in the future.
Corporate Affairs Commission (CAC) has warned Nigerians against transacting with three fake Nigerian firms, citing fraudulent incorporation documents and registration numbers not issued by the commission.
According to the CAC, these companies are using fake certificates of incorporation with two different RC numbers each, none of which exist in the commission’s official records.
The affected companies are SPEF Cooperative Society Ltd with RC Numbers 1265884 and 512862, UPIL Staff Cooperative Society Ltd with RC Numbers 1265837 and 553220, and PREM Staff Cooperative Society Ltd with RC Numbers 1265844 and 545901.
The CAC warns that any Nigerian conducting business with these entities does so at their own risk.
“Anyone that transacts any business with the above-mentioned companies does so at their own risk,” the commission warned.
The commission further advised potential partners and investors to verify registration details directly through its official portal before signing contracts or making payments.
Similarly, the CAC, in a bid to enhance its services, introduced an AI-powered business registration platform on July 3, designed to streamline incorporations.
This new system offers instant name reservations, automated business-name suggestions, and same-day registration using a National Identification Number (NIN).
Additionally, the commission plans to review its service fees starting August 1, aiming to make its services more efficient and cost-effective.
The African Development Bank, in partnership with the International Labour Organization, has launched a transformative system to mainstream youth employment, skills development, and entrepreneurship across its investments.
The approach, called the Youth, Jobs and Skills Marker System, is aligned with the Bank’s latest Ten-Year Strategy, which places Africa’s young people at the center of development efforts to maximize the impact of every dollar invested, turning demographics into a dividend.
The Marker System ensures that Bank projects spanning diverse sectors, such as agriculture, transport, energy, water, and education, systematically incorporate components that enhance youth employability, foster entrepreneurship, and build market-relevant skills.
“The Youth, Jobs and Skills Marker System is about ensuring Africa’s young people have a real say and active role in building sustainable economies and creating jobs – not as passive recipients of youth programs,” said Dr. Beth Dunford, the Bank’s Vice President for Agriculture, Human and Social Development. “This transformation of Bank practices and systems is a step toward making sure our investments have a positive impact on Africa’s young women and men.”
The integrated system has three focus areas:
Youth: Supporting youth-led micro, small, and medium-sized enterprises through targeted investments and operational integration.
Skills: Expanding access to practical, market-driven training and apprenticeships to enhance career prospects.
Jobs: Ensuring Bank-funded projects create sustainable job opportunities, particularly by developing youth skills for employability and the promotion of youth-led businesses in priority value chains.
Each year, around 10 to 12 million young Africans enter the labor market, which offers only three million formal jobs annually. The Bank will prioritize youth entrepreneurship and mobilize private sector partnerships to strengthen industry-oriented skills training as well as job creation over the coming decade.
“[This initiative] is very important because it allows us to significantly contribute to the United Nations Sustainable Development Goal #8 that includes decent work for all,” said Peter van Rooij, Director of Multilateral Partnerships and Development Cooperation at the International Labour Organization. “It also allows the International Labour Organization to influence the Bank’s work, to support their lending that is more geared toward more job creation and better jobs in a sustainable way.”
The Youth, Jobs and Skills Marker System is modeled on the success of the Bank’s Gender Marker System and its online dashboard, which categorize Bank projects based on their contribution to gender equality and women’s empowerment.
Similarly, the new system will feature an online platform enabling Bank staff and consultants to access real-time data for preparing country strategy papers, mid-term reviews, annual reports, project supervision, and reporting on youth-related skills, businesses and jobs outcomes.
The Bank has just launched a pilot version of the Youth, Jobs and Skills Marker System in readiness for the full implementation in 2026. This system will enhance data tracking, improve estimates of youth skills attainment and employment, strengthen labor market information systems, and support policymakers in making evidence-based decisions that drive meaningful change.
The International Labour Organization provided technical support for the system’s development with financial support from the Bank’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund. The Youth, Jobs and Skills Marker System is the first deliberate action of its kind developed by a development finance institution worldwide.
The Securities and Exchange Commission has revealed plans to commence investigation into the activities of an entity operating under FF Tiffany, allegedly running a fraudulent investment scheme that has defrauded citizens.
A statement by the SEC on Tuesday in Abuja said preliminary information revealed that the scheme, which promised investors unusually high and unrealistic returns, had resulted in the loss of several billions of naira.
The SEC said it viewed the activity as a threat to investor confidence and the overall integrity of the financial system.
The commission assured the public that it was working closely with law enforcement agencies and other relevant bodies to bring everyone involved in the unlawful operation to justice.
According to SEC, those found culpable will be prosecuted in accordance with the Investment and Securities Act and regulatory provisions.
SEC reiterated its earlier warnings to the general public to desist from engaging in Ponzi or unregistered investment schemes that promised guaranteed or exaggerated returns.
“These schemes are not registered with the SEC and do not offer investor protection under the law.
“The commission is currently investigating 79 schemes and will make a statement on its findings at the conclusion of the investigation,” the SEC said.
The commission encouraged investors to conduct due diligence and verify the registration status of any investment firm or product by visiting the SEC website or contacting the commission directly through official channels.
SEC said it remained committed to its mandate of protecting investors, ensuring fair practices, and maintaining confidence in Nigeria’s capital market.
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