General News
Winners Emerge in Zedvance-Sponsored Bookville Reading Competition
Winners have emerged in the fourth edition of the Bookville Reading Competition, organized by one of the foremost bookstores in Nigeria, Bookville World and sponsored by leading consumer finance company, Zedvance Finance Limited.
The Book Reading Competition initiated to encourage reading for pleasure, as an avenue to spice up literature as well as give children an incentive to open a book was held from May 8th to June 19th, 2021 in Port Harcourt, Rivers State.
The event which had over 100 entries saw Ariella Anwana of Aladumo International School emerge as the grand prize winner while Onyeka-Daniel Ivana Blessing of Federal Government Girls College Abuloma and Nekuojo Osahenrumwen Omelikamu of Teko School clinched the second and third position respectively.
According to Ever Obi, acting Managing Director of Zedvance Finance, the company’s decision to sponsor the competition was to promote reading culture amongst Nigerian students and encourage parents and the society at large to prioritize primary and secondary education for their wards as it is pivotal to our nation-building.
“Part of the goals of United Nations (UN) Sustainable Development is quality education (Goal 4). The objective is to eliminate gender disparities in education and ensure equal access to all levels of education and vocational training for the vulnerable, including persons with disabilities, indigenous peoples and children in vulnerable situations before 2030.
“As a corporate organization, we have decided to launch a campaign themed ‘Readers are Leaders’ to support and drive the actualization of SDG 4 (quality education).
Between 2019 and 2021, we have provided writing materials, television sets, fans and other academic items for many public schools across Nigeria. We have also done the same for students at special education schools.
“Before the coronavirus crisis, projections showed that more than 200 million children would be out of school, and only 60 per cent of young people would be completing upper secondary education in 2030.
Before the coronavirus crisis, the proportion of children and youth out of primary and secondary school had declined from 26 per cent in 2000 to 19 per cent in 2010 and 17 per cent in 2018. This is an indication that we still have a lot of work to do as a society.
“At Zedvance Finance, part of the products offering include Back-to-School loans to enable parents send their wards back to school without worries. They are collateral-free, flexible and convenient loans that they can pay back within 6 to 12 months. This is part of our contributions to ensure that every child has access to education”, he said.
Obi also called on other corporate organizations, philanthropists and non-government organizations to show more support for SGD 4, stressing that is imperative to our collective growth and development as a people.
Speaking during the grand finale, Chief Executive Officer of Bookville Integrated Resources Limited, Mrs. Nkem Asoka commended Zedvance Finance for its efforts towards the promotion of quality education, financial inclusion and bridging the credit gap in the country. She urged corporate organizations to also give more support to the education sector.
At the grand finale held on Saturday, June 19, 2021, Umeji Chiagozim Joan of Helms Bridge School bagged the award of the Most Resilience Contestant while Nwachukwu Kelechi of Oginigba Secondary School won the Most Improved Contestant award.
Other winners at the event include Virtue Izontimi of Aladumo International School, Chibuzor Larry Madueke and Bamidele Oluwatobi from Ndubuoke Citadel Schools.
Zedvance loans are available to salary-earners and none salary-earners in Nigeria with qualifying customers receiving loans in less than three hours (for already existing customers) and less than five hours (for new customers).
Nigeria Immigration Service (NIS) has announced an ongoing upgrade and maintenance of its passport portal for applicants within Nigeria.
In a public notice shared on Sunday via its official ‘X’ page, the NIS reassured Nigerians that other services, including passport applications for citizens abroad, remain fully operational during the maintenance period.
The service stated that its team is “working tirelessly” to complete the upgrade and restore full functionality within 72 hours.
“We sincerely apologise for any inconvenience this may cause and deeply appreciate your patience and understanding,” the notice read. It emphasized that the upgrade is part of efforts to enhance service delivery.
Reaffirming its commitment to excellence, the NIS pledged to provide efficient services to Nigerians at home and abroad.
FBNQuest Asset Management, a subsidiary of FBN Holdings Plc., has been awarded an A+ rating by Agusto & Co. Limited. This rating reflects the firm’s stable outlook, robust risk management, and strong investment capabilities, highlighting its impressive operational performance and outstanding business profile.
It emphasizes FBNQuest Asset Management’s ongoing commitment to providing exceptional investment services to its clients.
The rating was issued in a recent report by Agusto & Co., a leading rating agency in Nigeria. This recognition underscores the company’s strong operational record, excellent corporate governance, and professional management of fund assets.
The organisation’s impressive performance demonstrates its unwavering dedication to delivering exceptional value to clients through a variety of products and services tailored to meet their investment needs.
Ike Onyia, the Managing Director of FBNQuest Asset Management, expressed his satisfaction with the rating, stating, “We are truly delighted to receive the A+ rating from Agusto & Co. This recognition is a testament to our strong expertise in investment portfolio management and the achievements we have realised over the years.
“We take pride in this positive acknowledgement, which stems from our well-thought-out business strategies and the exceptional performance of our skilled workforce, cementing our position in the hearts of our stakeholders.”
FBNQuest Asset Management was also recognised as the Best Asset Manager at the 2024 EMEA African Banker Awards. The organisation continues to maintain a consistently strong position in the investment services subsector in Nigeria, leveraging its rich pedigree in intellectual capital, strong research capabilities, and cutting-edge technology to provide clients with value-adding insights, advice, and service.
“Our mutual funds offer diverse investment options that enable the creation of unique and value-enhancing investment strategies for different client segments.
Additionally, our range of mutual funds encompasses various asset classes, including equities, bonds, and money market instruments,” he added.
Agusto & Co. is a Pan-African leader in credit ratings and credit reports, having assigned over 1,500 ratings across various sectors. Their ratings are globally recognised, with a broad client base relying on them as benchmarks to gauge business success.
TikTok has resumed services to its 170 million users in the US after President-elect Donald Trump said he would issue an executive order to give the app a reprieve when he takes office today, January 20.
On Saturday evening, January 18, the Chinese-owned app stopped working for American users, after a law banning it on national security grounds came into effect.
Trump, who had previously backed a ban on the platform, promised on Sunday to delay the implementation of the law and allow more time for a deal to be made. TikTok then said that it was in the process of “restoring service”.
Soon after, the app started working again and a popup message to its millions of users thanked Trump by name.
In a statement, the company thanked the incoming president for “providing the necessary clarity and assurance” and said it would work with Trump “on a long-term solution that keeps TikTok in the United States”.
TikTok CEO Shou Chew is expected to attend Trump’s inauguration today.
Posting on Truth Social, a social media platform he owns, Trump said on Sunday: “I’m asking companies not to let TikTok stay dark! I will issue an executive order on Monday to extend the period of time before the law’s prohibitions take effect, so that we can make a deal to protect our national security.”
TikTok’s parent company, Bytedance, previously ignored a law requiring it to sell its US operations to avoid a ban. The law was upheld by Supreme Court on Friday and went into effect on Sunday.
It is unclear what legal authority Trump will have to delay the implementation of a law that is already in effect. But it expected that his government will not enforce the ban if he issues an executive order.
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