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Samsung Unveils Gifts Package, Premium Warranty for Galaxy S5 Users

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In further demonstration of its commitment to customer loyalty, Samsung Electronics West Africa is offering users of the new Galaxy S5 free gifts via the new Galaxy Gifts application.

The Galaxy Gifts package comes pre-installed on all Galaxy S5 smartphones and offers a wide collection of premium mobile services and tools designed to make consumer experience more enjoyable and more productive.

Mr. Brovo Kim, managing director of Samsung Electronics West Africa, described Galaxy Gifts as part of Samsung’s unique ecosystem that seeks to offer the company’s customers additional value for their purchase. “For the first time in this market, users of the new Samsung Galaxy S5 smartphone stand to get amazing gifts every day.

“The Galaxy S5 was designed to offer consumers the most advanced tool to help improve their everyday lives. The Galaxy Gifts application perfectly complements this mission with a comprehensive offering of some of the world’s best mobile resources to suit Nigerians’ lifestyles.”

To facilitate consumer access to its suite of Galaxy Gifts applications, Samsung has partnered with some of the country’s leading mobile content and service providers including DoBox, Spinlet, Hello Foods and Easy Taxi, among others.

In addition to discounts on meals, movies, books and music purchased from these partners via the application, users of the Galaxy S5 also automatically receive three free movies from DoBox, a Spinlet premium voucher worth one thousand Naira and twenty-five percent off their first order via Hello Foods.

Consumers also get 50 percent off their first taxi ride when they use the package’s Easy Taxi application alongside seven N700 worth of books from Okada Books.

The Galaxy S5 smartphone features Samsung Premium, an advanced version of the company’s original 24-month accidental damage from handling (ADH) warranty.

Under the Samsung ADH Premium package, consumers will receive a substitute device in the event of screen or liquid damage to their Galaxy S5, at no extra charge.

According to Mr. Emmanouil Revmatas, the company’s Director of Information Technology and Mobile, the premium ADH warranty is a demonstration of Samsung’s commitment to providing innovative, consumer-oriented service.

“With the original ADH warranty, our consumers got to take their Galaxy S4 for charge-free and no-questions-asked repairs for screen and liquid damage, not once but twice during the first two years of the life of their device. For the Galaxy S5, we have raised the bar. With the Samsung Premium warranty, instead of two repair claims, users of the device will now get two instant phone substitutions over the 24-month warranty period, at no extra charge. This value-add represents our commitment to anticipating the needs of our consumers and providing them with superior service towards making their lives worry-free,” Revmatas explained.

Customers that purchase the Galaxy S5 from Samsung stores and accredited dealers can access the premium warranty service by downloading the ADH Premium application from Samsung’s App Store and registering their devices within the first 30 days of purchase.

Samsung is also offering a trade-in and upgrade programme for consumers who purchase the Galaxy S5, guaranteeing the future value of the device by up to 25%, to be used on the purchase of consumers’ next premium Samsung Galaxy device.

Customers who purchase the Galaxy S5 will be able to get 25% back within 12 months, to be used as a discount on their next premium purchase.

In addition to the above, the company also announced its new Smart Trade programme towards providing Nigerians with the opportunity of becoming proud owners of the new Galaxy S5.

Under the programme, consumers can trade in a variety of smartphones for the Galaxy S5 at a discounted rate. The offer is currently available at Samsung’s Ikeja City Mall Experience Store in Lagos and selected branded stores across the country.

A full list of mobile devices that have been selected as part of the Smart Trade programme is available on Samsung Electronics’ website.

Devices to be exchanged for the Galaxy S5 will be graded based on their current condition and also evaluated and discounted based on three grading categories including “perfect, good and non-functional.”

Once the device has been graded and its monetary value determined by Samsung, the customer will receive a coupon reflecting this value. As a special offer, an additional N8,100 will be inputed to the value on the coupon towards making the acquisition of the Galaxy S5 easier. The coupon can be redeemed immediately against the purchase of the Galaxy S5.

According to the company, each grading category has clear definitions that allow for an accurate value to be attributed to the device that is being traded.

Ms. Olajumoke Okikiolu, head of Product Marketing for the company’s Information Technology and Mobile Division, describe the Smart Trade programme as an initiative that will further offer much needed relief for customers who wish to move to Samsung’s wave-making Galaxy S5 at the earliest possible opportunity.

Samsung is also providing customers who buy the Galaxy S5 from any of its Experience Stores and accredited dealers nationwide with a free power bank. Customers who buy the company’s wearable fitness band, the Gear Fit, alongside the Galaxy S5 will receive up to 10 percent discount on their purchase while those that purchase the Gold Colour Rush edition of the device stand to get a special Galaxy 11 battery cover upon their purchase from select stores.


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MTN Nigeria Shops for N50Bn Commercial Paper to Boost Working Capital

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MTN Nigeria Communications Plc has announced plans to issue up to N50bn in Series 13 and 14 Commercial Paper Notes under its N250bn Commercial Paper Issuance Programme.

MTN Nigeria Shops for N50Bn Commercial Paper to Boost Working Capital

This proposed issuance aligns with the company’s strategy to broaden its funding sources and strengthen its liquidity position.

The proceeds from the issuance are earmarked to support MTN Nigeria’s short-term working capital needs, enabling the company to sustain its operations and meet financial obligations effectively.

In a statement to the Nigerian Exchange Limited (NGX) and the investing public, MTN Nigeria emphasized its commitment to maintaining financial stability and operational efficiency.

According to the statement signed by Uto Ukpanah, company secretary, further details regarding the structure, pricing, and timeline of the issuance will be disclosed to the market in due course, as MTN Nigeria continues to engage with stakeholders and regulatory authorities.

MTN Nigeria recently completed its series 10 commercial paper issuance under its upsized N250bn commercial paper issuance programme.

The telecom giant said it sought to raise N72.1bn and the offer recorded 149 per cent subscription with N72.1bn issued.

The 266-day commercial paper was issued on 29 November 2023 at a yield of 16 per cent.

The CP issuance aligns with MTN Nigeria’s strategy to continue diversifying its funding sources and reducing its average cost of debt. The proceeds will be applied towards short-term working capital requirements.

Karl Toriola, chief executive officer, MTN Nigeria said. “We are pleased with the support received from the investor community, having recorded a 149 per cent subscription from a broad range of investors. This reflects NTN Nigeria’s robust financial capacity, brand strength, and market leadership amidst the upward pressure on interest rates”

Stanbic IBTC Capital Limited played the role of Arranger and Dealer with ARM Securities Limited. Chapel Hill Denham Advisory Limited, Coronations Marchant Bank Limited, FCMB Capital Markets Limited, Quantum Zenith Capital &Investments Limited, Rand Marchant Bank Limited, and Vetiva Capital Management Limited played the role of Joint Dealers on the transaction.

 


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FG Plans Four New Satellites as Part of Tinubu’s Renewed Hope Agenda

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President Bola Ahmed Tinubu has said that Nigeria will launch four satellites as part of his administration’s Renewed Hope Agenda.

FG Plans Four New Satellites as Part of Tinubu’s Renewed Hope Agenda

Bola Ahmed Tinubu

Tinubu said this at the opening ceremony of the 25th Anniversary of Nigeria in Space in Abuja.

The anniversary celebration was organised by the National Space Research and Development Agency (NASRDA) in collaboration with the Nigeria Communication Satellite Limited (NIGCOMSAT) and the Defence Space Administration (DSA).

Tinubu, represented by Chief Uche Nnaji, minister of Innovation, Science, and Technology, stated that space was previously exclusive to developed countries, but the foresight of Nigerian leaders facilitated the passing of the Space Act that led to the establishment of NASRDA in 1999.

“Space is an area of limitless opportunities and one in which the advanced countries of the world are relentlessly discovering how the opportunities can be tapped for their advantage.

“It is obvious that Nigeria cannot afford to lag in this global quest of discovering space and how the knowledge from such discoveries can help in solving her internal issues for national development,” he said.

NASRDA has made efforts to develop major space programs in collaboration with the Nigerian Military to develop capacity in the use of space for tactical services, among others.

“Today, the synergy between NASRDA, NigComSat, and DSA has led to a tripodal support upon which an advanced and more robust national space program will be built in the near future.”

“All these giant strides made by this important sector of our dear country are notable and noble with the launch of seven satellites, and efforts are on top gear to launch an additional four satellites within the lifespan of this administration.”

“Great effort should be made to ensure that the private sector is mainstreamed into the heart of our space program for us to do more in the coming years for our national development,” President Tinubu said.

The President also emphasised the need to strengthen the NASRDA Act to help the Nigerian space ecosystem be more vibrant in its engagements, locally and internationally.

“Similarly, the sector will require improved budgetary support to be able to accomplish its programs, whose outcomes can bring massive socioeconomic dividends to Nigeria and her citizens.

“This will also solidify Nigeria’s standing as a leading space-faring country in Africa and further boost her image to competitively attract foreign direct investment because of our locational advantage for cheaper launching services.”

“This restates our administration’s commitment to continue to support the space program to accelerate technological and innovative development.”

In his remarks, Nnaji, who was represented by Mrs. Esuabana Nko-Asanye, Permanent Secretary of the ministry, said the World Economic Forum’s 2024 report projected the global space economy to reach about 1.8 trillion dollars by 2035.

The minister added that the growth would be driven by advances in satellite technology and industries like supply chain logistics and agriculture, among others.

He stated that the growth would also impact the aerospace sector and communications and was expected to generate over 60 percent of the new economic value from space-enabled technologies.

“Space technology offers transformative solutions to global challenges, from monitoring climate change and managing natural resources to enhancing disaster response capabilities.

“Reduced costs and heightened accessibility will encourage increased participation from non-space sectors, integrating space into the fabric of global infrastructure,” the minister said.

 

He commended the President for recognising the role of space technology in the Renewed Hope Agenda and approving some projects for the agency.

“The President approved for the replacement of NASRDA’s Earth Observation satellites, ensuring the regulation of oversight functions of all space activities in the country and utilisation of space technology to monitor federal government revenues.”

Nnaji called on NASRDA to capitalise on the support of the federal government by expanding its revenue base through partnerships with the private sector.

According to him, the key areas of private sector engagement include commercial space travel, development of satellite technology, resource utilisation, investment in Low Earth Orbit (LEO) ventures, and technology transfer to drive industrial growth.

Earlier, Dr Matthew Adepoju, director-general of NASRDA, recalled that over the past 25 years, the Nigerian Space Program had been a beacon of Nigeria’s aspirations in space exploration and development, thereby placing the country on the global map of space-faring nations.

The DG disclosed that President Tinubu’s administration had recently approved the development of four satellites, which included a Synthetic Aperture Radar (5AR) satellite and the first in Africa.

“This transformative project will be executed under a public-private partnership, ensuring the infusion of expertise and investment to accelerate implementation.

“These satellites will significantly enhance our capabilities in areas such as precision agriculture, disaster management, national security, and urban planning while contributing to global scientific advancements.

“Furthermore, we are guided by the recent Presidential directive to integrate space technology into the operations of all revenue-generating agencies, departments, and ministries in Nigeria.

“This directive underscores the strategic importance of space technology in enhancing efficiency, transparency, and accountability across government functions, ultimately contributing to national development.

“Nigeria’s space assets—including NigeriaSat-1, NigeriaSat-2, and NigeriaSat-X, NigComSat-1, among others—are vital tools for national development.

“These satellites have supported critical disaster management, urban activities in security, health, agriculture, disaster immense value to planning, and broadband connectivity, advancing our nation’s reputation as a space-capable country,’’ he said.

 

 


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Airtel Nigeria Gets Dinesh Balsingh as New CEO

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Airtel Africa, a telecommunications and mobile money services provider with presence in 14 countries across the continent, has appointed of Dinesh Balsingh as the Managing Director and Chief Executive Officer of Airtel Nigeria, effective 1st November 2024.  By this appointment, Balsingh also becomes a member of the Executive Council for the Airtel Africa Group.

He takes over from Carl Cruz, who returned to his home country, The Philippines, at the end of October.

Balsingh has extensive experience across the telecommunications industry and returns to Nigeria following his appointment as Managing Director and CEO of Airtel Tanzania in 2022. Prior to his move to Tanzania, he served as the Chief Commercial Officer (CCO) at Airtel Nigeria and therefore brings with him considerable experience of the Nigerian telecommunications market.

Balsingh’s career in the telecommunications industry spans over 24 years, having begun his career in 2000 with Hutchison Essar, before moving to Airtel India as a Marketing Director in 2006 and then Tata Docomo in 2011. Balsingh joined Airtel Nigeria as Marketing Director in 2013, before taking over as CCO in 2018.

During his tenure in Airtel Tanzania, Balsingh led the business to achieve record growth through intelligent pricing, product enhancements and disciplined execution of projects, resulting in strong Revenue Market Share (RMS) gains in the highly competitive market.

Speaking on the leadership changes, Airtel Africa Chief Executive Officer, Sunil Taldar said, “Mr. Balsingh’s deep telecommunications experience and strong operational execution, combined with his knowledge of the Nigerian market, will be instrumental in further supporting our corporate purpose of transforming lives across Nigeria.”

Balsingh holds a Master of Business Administration from Thiagarajar School of Management.


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