E-Business
Shoprite Reveals New Look of Ota Store, Announces Mouth-Watering Deals
In line with the commitment made by Shoprite Nigeria’s new owners, Ketron Investment to build the retail franchise into a stronger company, a revamp of the Shoprite Ota Store has been completed in a bid to offer customers a superior shopping experience.
The store’s new look which was revealed to the public on Friday, August 27, 2021, is accompanied by product sampling activities, activations and special promotions on specific products expected to run till Wednesday, September 8, 2021.
In May 2021, Ketron Investment Limited announced its 100% acquisition of the Shoprite Nigeria franchise in a deal financed by MBO Capital, giving it control of the 25 outlets which the company operated across eight states in Nigeria including Lagos, Ibadan and Enugu.
At the time of the acquisition, Ketron, led by renowned businessman Tayo Amusan stated that it planned to keep all these outlets open while increasing visibility for more Nigerian-made products in each of these stores.
Since then, the company has made moves to fulfil its promise of a better shopping experience to existing and new Shoprite customers, the latest of which is the revamp of the Shoprite Ota Gateway Store. Speaking about this revamp, the Chairman of Ketron Investment Limited, Tayo Amusan expressed optimism that the changes made would attract more shoppers to the store where he said they are assured of a delightful shopping experience.
In his words, “Beyond giving the store a proper facelift, we have also made key changes that will ensure that shoppers can easily pick up items they need and have a stress-free shopping experience.”
Adding his comments, Jide Ogundare, CEO of MBO Capital, described the investment made into revamping the Shoprite Ota Store as a smart one given the increase in footfall it will bring, and for “the signal of a new and improved Shoprite Nigeria which it represents to shoppers.”
In addition to deals on top-selling lines such as alcohol brands Guinness, Smirnoff and Castillo Red Wine, and home care products such as Glade Air Freshener and Cussons Dishwashing Liquid, shoppers will be able to participate in a buy and win activation by baby diaper brand, Huggies or get a free health check from Power Oil.
The company will also run similar promotions at the end of the next two months while marking the Tuesday and Wednesday of every week, starting from 7th and 8th September, as “bulk sales” days.
E-Business
US Supreme Court Upholds Law Banning TikTok
The United States Supreme Court has upheld a law seeking to ban TikTok in the United States.
The court ruled that the law does not infringe upon free speech rights, citing the US government’s legitimate national security concerns about the Chinese ownership of the app.
Last week, the Supreme Court listened to the arguments from ByteDance, TikTok’s parent company, claiming the law violated free speech.
“There is no doubt that TikTok provides a unique platform for expression, engagement, and community to over 170 million Americans,” the justices stated.
With this decision, the ban set for Sunday remains in place, despite calls from lawmakers and officials across the political spectrum for a delay.
Last year, Congress passed a law requiring ByteDance to sell TikTok or shut it down in the US by January 19, reflecting widespread concerns in Washington that the app could be exploited by China for espionage or propaganda.
On Friday, White House officials informed the media that the ban would not be enforced, leaving the final decision to President-elect Donald Trump, who assumes office the next day.
In December 2024, TikTok asked the US Supreme Court to temporarily block a law that would force its Chinese owner to sell the popular video-sharing platform or shut it down by January 19.
The appeal came the same day TikTok, Shou Zi Chew, CEO, met with US President-elect Donald Trump.
E-Business
FG Says NINs will Facilitate Cash Transfers to 18.1m People
Federal government has plans to expand the national social register to 18.1 million names and to reach at least 70 million poor households across the country by the end of this year, according to Prof Nentawe Goshwe Yilwatda, minister, Humanitarian Affairs, Disaster Management and Social Development (FMHADMSD).
Federal government has been distributing cash assistance to poor citizens through a program that requires verification using the National Identification Number (NIN).
The rate of poverty in the country is alarming, the minister said in an interview with Arise News, reason why the federal government plans to extend the humanitarian outreach program to target more homes. Each household receives the sum of N75,000 ($45).
Giving update on the payments, the minister said the first tranche of the conditional cash transfers were paid to five million households between October and December 2024, while the second and third tranches were paid to 2.8 million households.
“The president has directed, based on CBN’s new regulations, that before any payment is made to an individual or household, they must have a digital identity we can trace. That is the NIN number,” the Yilwatda told Arise News.
The cash transfer enabled by digital ID was launched in 2023, and last year, the federal government said around 25 million Nigerians had already benefitted from the scheme.
E-Business
NIMC Grants NCoS Licence to Register Inmates for NIN
National Identity Management Commission (NIMC) has granted licence for the Nigerian Correctional Service, (NCoS) to register inmates in the over 252 custodial centres across the country for National Identity Numbers, (NIN).
The approval followed the request made by Sylvester Nwakuche, acting controller general of the NCoS, who paid a visit to Engr Abisoye Coker-Odusote, director general/chief executive Officer of NIMC, in her office.
The acting controller-general, said the licence to carry out registration of inmates for NIN would eliminate exclusion of inmates from the country’s National Development plans, ensure their safety and security and facilitate their smooth recapture in times of jailbreaks.
The NCoS boss said the visit to the headquarters of NIMC was in search of collaboration that would enable the Service carry out its mandate seamlessly following on going reforms of the Correctional Service system.
According to Nwakuche, there are lots of socio-economic developments within the Correctional Service systems which had led to a number of inmates obtaining University degrees, Masters Degrees and Doctor of Philosophy (PhD) in various fields.
He said such inmates should not be excluded from the national development plans of the country as they should be integrated into the society to become useful for their families and the country.
Nwakuche said inside the Correctional centres are those awaiting trials whose innocence and otherwise has to be decided by the Courts, but argued that in times of National planning, census and other critical national development issues, they should not be disallowed from participating.
Coker-Odusote who granted the licence said NIN has become critical and essential to the country’s national development plans, stressing that NIMC has gone far with the private sector, especially the banks and the Central Bank of Nigeria (CBN) as all banks accounts are now linked with the NIN.
Coker-Odusote said the Eight points Agenda of President Bola Tinubu are also anchored on the Country’s digital identity or National identity Number, stressing that for instance NIN was tied to students loans to eradicate duplicity and prevent ghost beneficiaries.
Coker-Odusote expressed delight in the partnership with the NCoS, saying that the Commission had already entered into partnership with the Nigeria Immigration Service, NIS and other agencies in order to facilitate the smooth delivery of their constitutional mandates.
She commended Dr Olubunmi Tunji-Ojo, minister of Interior, for his dynamic leadership and role in ensuring the delivery of dividends of democracy to Nigeria through various reforms.
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