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E-Financial

Verve Looks to Future of African Business with New Campaign

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Mitchell Elegbe, group managing director, Interswitch
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Verve International, the leading homegrown pan-African payment card brand, has launched ‘Verve, Truly African’, a new platform to celebrate Africa’s heritage and promote homegrown entrepreneurs and businesses.

The campaign kicked-off today at the Protea Hotel in Lagos, Nigeria, and will over the next 3 months celebrate everything that makes Africa great, and give Africans the opportunity to showcase to the world their unique talent, skills and ideas.

Events to look-out for include: Verve sponsorship of the African Magic Movies Choice Awards (AMVCA), the launch of a new TV commercial, and a social media campaign that asks Africans to tell the world about their aspirations and what it means to be African today.

Charles Ifedi, chief executive officer, Verve International, said:  “At Verve our vision is to create a totally interconnected continent where all Africans can feel the benefit and take advantage of rapid economic expansion and increasing prosperity. We will do this by providing world-class e-payment products and services that work seamlessly across borders, relentlessly pursuing a truly pan-African offering.

“We believe that a brighter future for Africa will be built by the ingenuity and resourcefulness of Africans themselves. More and more African entrepreneurs and homegrown businesses are showing the world that they have the skills, creativity, and determination to take on some of the biggest international businesses. Through this campaign we will be giving Africans everywhere the opportunity to showcase their unique talent.”

Cherry Eromosele, chief marketing officer, Interswitch said:  “We are thrilled to unveil our new ‘Truly African’ campaign to celebrate everything that makes Africa a vibrant and exciting place to be right now. Africans are using their heritage and identity to build businesses that are truly African in their outlook and provide services highly tailored to African consumers.

“At Verve we have created a brand that represents the values and aspirations of Africans everywhere, and this is the essence of this campaign: to capture and celebrate the unique attributes of Africans.

“As the homegrown payment card that supports millions of direct and indirect jobs across the continent, every transaction made with a Verve card is an investment in Africa’s future.”

Verve is an African payment solutions company. Part of the company’s offer is a pan-African chip + PIN payment card. The Verve card is the leading payment card brand in Nigeria, with over 14 million cards in active use, significantly more than any other provider.

Using a system designed, built and maintained by Africans, Verve offers African consumers products highly tailored to their needs. Verve has pioneered the expansion of modern financial services into both rural and urban areas, connecting hundreds of millions of African consumers to retailers across Africa and around the world through modern e-payment platforms.

Verve continues to invest in rolling-out its services across the continent and building capacity, driving the adoption of e-payment services to help African countries develop modern and thriving economies. In doing so, help all Africans to feel the benefit of strong growth.

L-R, Consumer Segments Marketing Manager, Interswitch, Eny ioma Anaba, Group Head, Issuer Management, Interswitch, Ugo Bassi and Country Manager, Verve – Nigeria, Oremeyi Akah d uring the Verve Truly African Campaign launch.


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

E-Financial

Sofri Rejigs Digital Platforms for Better Customer Experience

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L–r: General Manager, Sofri (Powered by Links Microfinance Bank), Frank Ayala; Managing Director, Sofri (Powered by Links Microfinance Bank), Paul Adebayo; and Chief Marketing Officer, Sofri (Powered by Links Microfinance Bank), Afeez Abass at the Sofri relaunch media parley held in DLM HQ, Lagos.
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Sofri, Powered by Links Microfinance Bank plans a massive rollout of Point of Sale, PoS terminals for merchants and agency banking in the third quarter of this year.

This is coming against the backdrop of the banks revamp of its digital platforms to support better customer experience.

Paul Adebayo, managing director, Sofri, said the bank is technology and purpose-driven, with focus on financial inclusion and sustainability. As well with the determination of making banking simpler, inclusive, and impactful.

He said that the revamped mobile app features, faster onboarding, cleaner interface, real-time alerts, enhanced security and seamless loan applications.

“Our corporate internet banking Launched for SMEs and institutional clients features, secure payments, transfers, account management and enhances business banking experience.

“Laying the groundwork for greater reliability, product innovation and operational efficiency is our new core banking infrastructure. This change enables us to scale faster and serve customers better.

“Our Terminal Management System (TMS) improves the performance, uptime, and remote monitoring of our POS terminals. This ensures merchants and field agents enjoy better stability, quicker settlements, and stronger support,” he added.

On sustainability impact, Adebayo, added that Sofri is embedding ESG principles into its lending and operational models — from offering green financing options, to supporting waste-to-wealth entrepreneurs, and making inclusive finance part of Nigeria’s circular economy.

Sofri is a trademark of Links Microfinance Limited (Links Mfb). Links Mfb is licensed and regulated by Central Bank of Nigeria (CBN) and deposits insured by the Nigeria Deposit Insurance Corporation (NDIC). Links Mfb is a member of DLM Capital Group, owners of DLM Asset Management as regulated by the Securities and Exchange Commission (SEC).


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E-Financial

DLM Group Unveils Innovative Sovereign Bond Backed Composite Notes

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L–r: Lola Razaaq, MD, DLM Trust; Dr. Sonnie Babatunde Ayere, GCEO, DLM Capital Group; and Babatunde Obaniyi, GMD, DLM Global Markets, at the launch of the DLM Sovereign Bond Backed Composite Notes (SBCNs).
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Current market research has confirmed that buyside investors are increasingly focused on high-growth sectors such as small businesses and consumer lending— sectors that fuel both the demand and supply sides of the economy.

However, capital allocation to these areas requires robust risk mitigation frameworks to preserve principal and ensure returns that are not just economically viable but outpace inflation.

Against the backdrop that DLM Capital Group has developed an innovative solution – the Sovereign Bond Backed Composite Notes (SBCNs) to meet this critical economy needs.

According to Sonnie Babatunde Ayere, the Group CEO of DLM Capital Group, “We believe that the consistent issuance of SBCNs by qualified entities will play a key role in de-risking corporate bond portfolios.

“By blending sovereign-backed security with enhanced yield exposure, portfolio managers gain a rare opportunity to simultaneously increase portfolio safety and performance”.

The first of its kind fixed income product combines the security of direct sovereign bond-backed principal protection, such as FGN Bonds, with the enhanced yield potential of corporate and consumer lending cash flows. This hybrid structure, the first of its kind in the local market, merges public-sector credit safety with private-sector income generation.

The instrument is designed as such that the private sector credit tranche will be secured by the FGN-bonds, which will be the senior tranche.

The N30 billion Sovereign Bond Backed Composite Notes issued by DLM Funding SPV Plc is being packaged as a AAA-rated note. With a held-to-maturity yield of 49.9 percent, the notes are designed to be attractive to institutional investors seeking a balance between capital preservation and superior returns.

Sonnie Babatunde Ayere, noted about the SBCN, “For asset managers, it enhances portfolio quality, improves credit profiles, supports diversification, and delivers competitive returns.

In a media parley describing the instrument, Ayere highlighted the role of the instrument in driving credit expansion to the underserved private sector. He highlighted how the note could help drive institutional capital into sectors that were previously considered too risky.

“By channeling domestic capital into these critical but underserved sectors without exposing investors to excessive risk, it becomes possible to mobilize funding for parts of the economy that have long been neglected.” He added.

 


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E-Financial

Fidelity MD,Onyeali-Ikpe Champions Lifelong Learning and Sisterhood for Women’s Career Growth

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Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, OON, (Middle) flanked by participants of a Women’s Roundtable themed, “Mentorship with Dr. Nneka Onyeali-Ikpe” hosted by the bank over the weekend at the Fidelity SME Hub, Gbagada, Lagos recently.
Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, OON, (Middle) flanked by participants of a Women’s Roundtable themed, “Mentorship with Dr. Nneka Onyeali-Ikpe” hosted by the bank over the weekend at the Fidelity SME Hub, Gbagada, Lagos recently.
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Dr. Nneka Onyeali-Ikpe, Managing Director and Chief Executive Officer of Fidelity Bank Plc, has encouraged women professionals to embrace continuous learning, courage, and collaboration as key habits for achieving long-term career success and breaking through professional barriers.

Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, OON, (Middle) flanked by participants of a Women’s Roundtable themed, “Mentorship with Dr. Nneka Onyeali-Ikpe” hosted by the bank over the weekend at the Fidelity SME Hub, Gbagada, Lagos recently.

Managing Director and Chief Executive Officer of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, OON, (Middle) flanked by participants of a Women’s Roundtable themed, “Mentorship with Dr. Nneka Onyeali-Ikpe” hosted by the bank over the weekend at the Fidelity SME Hub, Gbagada, Lagos recently.

She gave the charge during a Women’s Roundtable hosted by the bank over the weekend at the Fidelity SME Hub in Gbagada, Lagos. Themed “Mentorship with Dr. Nneka Onyeali-Ikpe”, the event drew female professionals from various sectors and was held under the Recognition and Networking arm of the bank’s HerFidelity Proposition—a flagship initiative designed to empower women entrepreneurs and professionals across Nigeria.

Explaining the vision behind HerFidelity, Dr. Onyeali-Ikpe noted that the initiative was born out of a strong need to provide women with holistic support beyond access to finance.

“In my engagements with women across different industries, I’ve seen first-hand that while talent and ambition abound, many still lack access to capital, skills development, health support, and networks,” she said.

“HerFidelity was created to bridge that gap by focusing on four key pillars: access to capital, capacity building, wellness for work-life balance, and entrepreneurship support. It’s one of the initiatives I’m most proud of, because when women thrive, communities prosper and economies flourish.”

The interactive mentorship session, held in a Q&A format, offered participants an opportunity to learn directly from the trailblazing CEO, who shared personal experiences and career insights.

Advising young women aspiring to leadership, she said: “Believe in yourself, be ready to work hard, and never shy away from taking smart risks. Seek out mentors, invest in meaningful relationships, and above all, collaborate—because no one truly succeeds alone.”

The event also featured fun competitions and giveaways, with attendees winning exciting gifts courtesy of Fidelity Bank.

Dr. Onyeali-Ikpe’s session left participants inspired, reinforcing Fidelity Bank’s position as a champion for gender empowerment and a leading supporter of women’s advancement in business and leadership.


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