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Market Leaders, Others Laud Life Progress Booster as another 20 SMEs got N6m Grant
Life Continental Lager Beer has received accolades for its Small and Medium Enterprises development initiative tagged: Life Progress Booster”, aimed at helping small and medium businesses grow by providing non refundable grants to entrepreneurs.
Speaking on the Life Progress Booster Initiative during the road show in Onitsha last week, South East zonal chairman, New Auto Spare Parts Association (NASPA) Nnewi, Mr. Alvis N. Umeh, said that Life Continental Lager beer has taken social and entrepreneurial development to another level with this scheme, which has helped many businesses grow since its inception four years ago.
According to him ’Life Progress Booster has helped many upcoming and small businesses in this state and I am very happy with the results recorded so far.
“If other companies can take up similar initiatives targeted at small businesses, it will elevate the status of our members and bring more into the fold”.
He also urged the brand to keep up with the initiative, as it is a medium to eradicate poverty in the country.
Also speaking, a senior lecturer in the Enugu State University, Enugu, Dr. Ferdinand Ozoani, described the initiative as a “complete noble step, which other brands should emulate”.
Dr. Ozoani noted that in the face of the present economic challenges Nigerians are going through, it is noble that a brand like Life Continental Beer is providing an enabling climate for small and micro businesses to grow, which is a way of investing in the economy of the country.
A total of 20 SMEs and artisans got a sum of N300,000 each to boost their businesses after successfully defending their business ideas in Ekwulobia, in Anambra State.
The beneficiaries include Nkeoma Joseph, who runs a business centre in Anambra state, Juliana Okafor, a beer parlour operator in Onitsha and 18 others expressed their delight and appreciation to Life beer for the grant.
Emmanuel Agu, Portfolio Manager, Mainstream Lager and Stout Brands, reiterating the brand’s commitment to the initiative said, “we believe in the strength and capacity of the people of the South-East to thrive in industry, but we also believe progress can only be achieved with support.
“Hence, the Progress Booster initiative was specifically created for the South-Easterners.”
“Through the years, Life Continental Beer has focused on empowering its consumers, and we are committed to continue contributing to their successes and achievements”.
In his own assessment, Trade Association Chairman of Spare Parts Dealers in Anambra (Nnewi North Local Government Area), Hon. Francis O. Okeke, said he is happy and excited that Life Beer can still continue the grant scheme to push for more progress and business growth amidst artisans in the state.
According to him, “since the initiative started in 2015, those who had accessed the grant had been able to improve their businesses and grow bigger.
‘’I am aware that some of our members who got the grants previously, are doing better with their businesses than before; we are very excited and happy with the beer company’’, he said.
Consumers interested in benefiting in the initiative are enjoined to drop their business proposals in designated collation centres or visit life-nigeria.com.
They will be shortlisted by a team of business plan analysts before proceeding to pitch their business ideas to a team of three experts to qualify for a boost of N300, 000.
Life Continental Lager Beer is an alcoholic beverage from the stables of Nigerian Breweries Plc made from the choicest grains, hop extract and the purest of waters.
It is brewed to give that rich, crisp distinctive taste and well-rounded aroma in true quality fashion of the master brewers
News
Verve Partners Ali Express On Seamless Cross-Border Shopping
Verve International, Africa’s domestic payments card scheme and token brand, has announced that its cards are now accepted on AliExpress, one of the world’s largest online retail platforms.
This landmark partnership expands Verve’s global reach, offering seamless and secure payment solutions and providing millions of Verve cardholders and merchants worldwide with easy access to AliExpress’ extensive range of products, including fashion, electronics, home goods, beauty, and more.
The collaboration empowers Verve cardholders, both locally and internationally, to engage in cross-border transactions.
It also reinforces Verve’s unwavering commitment to delivering inclusive, innovative, and secure digital payment solutions that empower individuals and businesses alike, while bridging the gap in global digital commerce.
Speaking on the partnership, Vincent Ogbunude, Managing Director, Verve International, remarked: “We are excited to announce that Verve is now accepted on AliExpress, a globally recognised e-commerce leader.
This marks a significant milestone in our global expansion journey, reflecting our commitment to providing cardholders with access to more possibilities in today’s digital economy.
The addition of AliExpress to our growing network is just the beginning, there’s much more to come as we continue to innovate, expand, and deliver value to millions of Verve cardholders in Nigeria and beyond.”
Verve’s expanding global network is bolstered by partnerships with renowned brands such as Google, YouTube, Netflix, Amazon Prime, Facebook, Uber, Spotify, among others, enabling cardholders to conveniently pay for subscriptions in naira.
These alliances solidify Verve’s position as a trusted leader in the digital payments space, ensuring that consumers can access top-notch services across diverse industries.
With AliExpress joining this network and Verve integrated into its payment options, Verve cardholders can easily shop and pay for a wide range of products.
To shop on AliExpress using a Verve card, simply sign in, select the items to buy, and click ‘Buy now.’ When prompted, add a new card and enter the Verve card details. Save the information for future use, confirm the details, and complete the payment seamlessly.
News
Stanbic IBTC Asset Management Unveils Anti-scam Measures to Protect Mutual Fund Holders
Stanbic IBTC Asset Management has introduced strong measures to safeguard its customers from scams targeting mutual fund holders.
In response to this trend, the company has launched a strategic campaign to educate customers on protecting their investments and understanding the correct procedures for mutual fund subscriptions.
The Company, in a statement disclosed that recently, enquiries about the authenticity of messages for mutual fund subscription have surged. It stated: “Many of these messages contain differing and potentially incorrect account numbers, leading to confusion and concern among investors.
“In response to these concerns, Stanbic IBTC Asset Management launched a campaign to educate customers by providing accurate information and security tips to reduce the likelihood of clients falling prey to scam attacks.
“The campaign has established three main objectives: first, to educate customers about the mutual fund subscription process by providing precise and accurate information that empowers them to make informed decisions.
Second, it aims to ensure that customers verify the payment accounts for any Stanbic IBTC mutual fund investments, encouraging due diligence in confirming the legitimacy of financial communications”.
The statement further stated that the campaign seeks to raise awareness of scam attempts that may mislead customers into using incorrect account details, highlighting the tactics used by scammers to keep customers informed and vigilant.
Busola Jejelowo, the Chief Executive of Stanbic IBTC Asset Management, recently addressed the importance of a new initiative to safeguard customers in an increasingly complex financial landscape.
“At Stanbic IBTC, our top priority is our customers’ financial safety, and we are fully committed to ensuring that our clients have the security they need while managing their investments”.
News
Amnesty International Condemns Police Actions During #EndBadGovernance Protests
Amnesty International has accused Nigerian police of using excessive force against demonstrators during the #EndBadGovernance protests, which took place from August 1 to 10 across the country in response to Nigeria’s harsh economic conditions.
According to the human rights organization, the police crackdown resulted in the deaths of at least 24 people, including 20 young adults, two children, and an older person.
Amnesty’s report claims that the victims were shot by police at close range, often in the head or torso, indicating an intent to kill. Two survivors sustained severe injuries, while others suffered from the indiscriminate use of tear gas. The organization condemned the actions of security personnel, describing the violence as “unbelievable lawlessness” and accusing authorities of covering up the atrocities to downplay the death toll.
Eyewitnesses from Kano, Katsina, Jigawa, and other states told Amnesty that the protests began peacefully but escalated into chaos when police opened fire with live ammunition and tear gas. In Kano, 12 people were killed, while Jigawa and Niger states reported three fatalities each. Kaduna and Maiduguri also recorded multiple deaths.
In addition to the killings, over 1,200 protesters, including minors, were detained, and more than 146 were charged with treasonable offenses. Some detainees reported being subjected to torture. One protester, Khalid Aminu, described being beaten with sticks and iron cables while in the custody of the Department of State Services (DSS). Another detainee, Michael Adaramoye, was held for two months for participating in a protest in Abuja.
Despite mounting evidence, including eyewitness accounts, medical records, and video footage, Nigerian authorities have denied involvement in the violence, attributing the deaths to “unknown gunmen” or dismissing reports as “fake news.” Amnesty International has called on President Bola Tinubu to establish an independent and impartial investigation into the violations and to hold those responsible accountable.
The protests, triggered by widespread corruption and economic hardship, have reignited concerns about the Nigerian government’s disregard for human rights. Amnesty International stressed that law enforcement’s use of firearms against peaceful protesters violates international standards, urging authorities to end impunity and ensure justice for the victims.
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