₦airaland Forum

IQGenius.NG is an information and technology, ICT, company which specializes in the provision of integrated solution to support the administrative function within an organization. We also provide consulting-business, e-government, business intelligence, mobile solutions, biometric, networking, intranet/extranet and enterprises portal software development services.. IQGenius.NG Solutions Limited

Our dynamic team consists of multifaceted professionals who employ cutting edge technology and ingenious design to deliver out of the box solutions. The expertise our team possess embraces latest and most effective web, mobile and software development technologies in Nigeria

“There’s virtually no setup in Nigeria that doesn’t run a co-operative,” he is convinced, “I won’t be surprised if your company (Techpoint) has its own co-operative or one or more of its team members are involved in an ajo (joint savings) group.”

He says this with confidence because his company, Riby, helps co-operatives and their members remotely control both their finance and financial operations.

Riby happens to provide the technology that helps Mr Lanre’s company to manage their (employee) co-operative scheme.

The Riby business model

Riby’s unique value proposition is built around 3 major modules that guarantee access to financial services and better financial management.

Riby for co-operatives allows co-operatives to onboard their group on its platform, manage the finances of the group as well as the finances of its members.

The Riby peer-to-peer lending module allows companies to run internal co-operatives within their fold. A case in point is a savings rotation mechanism that auto-debits employees and credits whoever is due to receive money for the month. For both modules, Riby charges a per-user fee of ₦200 upfront, amounting to ₦2000 per annum and ₦500 on a quarterly basis.



The agent management platform, Riby’s third module, is another exciting proposition that raises an innocent suspicion as to whether Riby is taking the competition to the commercial banks. This is apparent in their overall quest to include everyone in the system.

Spreading co-operatives to the banked and unbanked populace



Mr. Lanre is of the opinion that co-operatives are a big disrupter of the commercial banking system, and it’s not so difficult to see why.

The financial institutions have a legal framework that allows them to conduct financial services across the country, and granting loans to customers is one of those services. However, many people still experience difficulty accessing basic financial instruments.

“Commercial banks hardly provide people loans but through co-operatives, people can get loans for financial progress,” he affirms.

He believes that this may have ignited the proliferation of some co-operatives. While there is some truth to that, Salami is quick to, however, clarify Riby’s position on the matter.



“We can’t speak of disruption when people haven’t found a way to give themselves access to finance and better management,” he says.

About 40% of Nigerians are yet to register with any financial institution in the country, according to the Central Bank of Nigeria. Statistics from the Nigeria Inter-Bank Settlement System (NIBSS) further show that there are only about 40 million registered bank accounts across the country. These accounts are enrolled by just 20.8 million customers, some having more than one account. It is therefore apparent that co-operatives can be used to reach the unbanked.

This would perhaps explain why banks are key partners of Riby, seeing that they deploy the services of registered agents to help onboard co-operatives (with large members) on their banking platform.

“You’d be surprised to know a particular bank manager told me 10% of their entire deposit comes from co-operatives,” Salami reveals, “As a matter of fact, there are co-operatives in this country that have enough deposit to be eligible for a commercial banking license.”



So rather than re-inventing the wheel or offering banking services, Riby is “just offering a solution that allows people run their banking activities differently,” he affirms. “When it comes to finance, the banks cannot solve all the problems and we discovered it was a faster route to scale.”

This is also why the Riby agent management platform (otherwise called Riby amplified) — designed specifically for banks — gives Riby its largest revenue pool, from charging partner licensing or customisation fees.

Prospects

Riby has had some setbacks in matching its customer target of 5 million, but the platform is nonetheless growing at a daily average of a thousand users.

Since launching last year, 17th May, 2016, Riby has acquired nearly 400,000 customers. Interestingly, transactions worth over ₦5 billion have been processed with user data (of over 100,000 customers) connected to the Riby system. However, only a small portion of this flows through Riby at the moment. “We want all that money to flow through our system,” he says.

The prediction is that over 20 million people (from Nigeria and a few other emerging markets in West Africa) will become users of the platform in the future. “We hope that 15 million of them have never had access to major banking services before,” Salami says.

While co-operatives can be extremely transformative, one major hindrance Riby might have is how to simplify its technology for the end users — more so because it is exploring uncharted territory. Riby would have to devote resources towards educating users if it is to drive adoption and, this will prove costly when targeted at a large informal market, like Nigeria’s.

But with the way people go about co-operatives, we just might never be able to tell what the market for Riby would be like.

Already, the Nigerian co-operative act and certification lays a good foundation for the establishment of co-operatives. “With as low as ₦4000, anyone can register and operate a co-operative,” Salami explains

hilroy:
Yorubas have put the IT sector on a complete lockdown. Too impressive

Jetleeee:
Complete lockdown, but people avoid saying it within Tech circles so they don't appear tribalistic lol.

Basic123:
A non yoruba attested to that

www.nairaland.com/2674858/yorubas-cornered-nigerias-ict-sector

Widely known for her undaunted passion to deliver value-adding services that promote oil and gas businesses in Africa, Damilola takes pride in the capacity of her company to provide clients with all the necessary information, documentation, products and manpower labour they need for successful operation. The award conferment is coming on the heels of her efforts to make business swifter for the sector players in Nigeria. She leads a vibrant team at Dreg Waters that seamlessly ensure that all necessary documents required by sector players from the appropriate authorities are: correct, up-to-date and given priority treatment.
Read more at: https://dailytimes.ng/news/damilola-owolabi-ceo-dreg-waters-receive-global-petroleum-energy-award/

“To add value to the industry, we are now supplying petroleum products offshore, leasing various marine equipment and dealing with supply of manpower labour among other services rendered to local and international companies as well.”

Owolabi added: “There will always be opportunities in crisis especially where you are solving a problem and offering value added services.”
Furthermore, she noted that since the global market decline has forced Nigeria into a thinking economy, the oil and gas sector is requiring innovation and as a result, it is no longer enough for sector players to recycle the same old services or re-invent the wheel, especially where customers are demanding greater value.

Owolabi, who secured an exhibition booth for her organisation at the forthcoming Africa Oil Week conference, will be giving international participating organisations, a generous insight towards investing opportunities in the oil and gas sector in Nigeria. http://www.marketingedge.com.ng/2016/10/25/dreg-waters-expands-services-in-oil-and-gas-sector/

laudate:
And to the mod who banned me... Papa God sabi yah address! I don carry your matter go meet God. He will deal with you in His own good time, don't worry. You can't keep a good man down!!

laudate:
And to the mod who banned me... Papa God sabi yah address! I don carry your matter go meet the Almighty. He will deal with you in His own good time, don't worry. You can't keep a good man down!! God pass una!

Fineman87:
In truth, all this rubbish posted here is NOT an appropriate response to what the igbos posted. Naming CEO's, taxi owners, ose gidi, alabukun powder, airport owners, insurance firm owners bla bla bla DO NOT equate to 'what Yaribas have produced'.They dont! None of them is a product worthy of mention neither can they match the indigenous products of the igbos. Not one of the useless names is an indigenous brainy industrial establishment. These One-off products scattered all over foreign land is Not a match for the industrous achievements of the igbos in Enugu.

ladiguy:
The Ibo's have been playing the catch up game and they will keep doing that till eternity. Whatever the Yoruba's dumped they pick it up. Many tribes were into trading centuries before the Ibo's. By the time that wake up to troop into ICT Sector, the Yoruba will be running space tech programme

PUTINOFRUSSIA:
THE COMPANY Domgas Nigeria Limited (DNL) is incorporated in Nigeria as a natural gas marketing and distribution company. It is a key player in the independent power generation and distribution sector of the economy. The company was incorporated in Nigeria as a private limited liability company in 1999.

The Corporate office is located at 20 Kofo Abayomi Avenue, Apapa, Lagos.

SUBSIDIARIES

Led by the desire to achieve corporate goals and meet customers’ objectives – we established subsidiaries within the group to address specific areas. These subsidiaries are:

ISA-TELGAS Ltd
DOMELECTRIC Company Ltd
The company (DNL) and its subsidiaries are run by a TEAM of seasoned, competent and dedicated professionals in the Oil & Natural gas business.





OUR VISION AND MISSION



Our VISION is to be the major natural gas, LPG and power marketing/distribution Company; providing gas and energy services to domestic, commercial and industrial consumers.

To this effect, our MISSION is to provide natural gas, supply energy and power to domestic, commercial and industrial consumers, Skid stations for LPG as community gas solution for a greener environment and affordable to the general public, developing natural gas distribution pipeline facilities and independent Power Stations (IPS) through competent and dedicated professionals using the best technology and innovative energy solution.




team
Together Everyone Achieves More


OUR GREEN ENERGY TEAM

Mr. Rashid Alamu Huthman (Chairman)
Email: rashid.huthman@domgasgroup.com
Mr. Seyi Ajayi ( Technical Assistant)
Email: seyi. ajayi@domgasgroup.com
Mr. Akintunde Akinmoju (Project Development Manager)
Email: akintunde.akinmoju@domgasgroup.com
Mr. Matthew Kayode (Project Transaction Accountant)
Email: matthew.kayode@domgasgroup.com
Mrs Busayo Binuyo( Head , Corporate/ Government Liaison,Project Marketing )
Email: busayo.binuyo@domgasgroup.com

PUTINOFRUSSIA:
Products & Services

CONTAINERIZED SKID STATION:

Containerized LPG skid stations are compact cooking gas refilling plant installed inside a customized 20ft or 40ft shipping container. It comes complete with LPG storage tank, electronic cylinder filling scales, autoGAS dispenser and all necessary piping system.

The skid comes with all safety devices such as sprinkler systems, relief valves, gauges and flow meters.

Other products include: LPG cookers, cylinders( steel and composite) of various sizes, LPG storage tank,Valves, LPG Generators.etc.

SYNTHETIC NATURAL GAS( SNG)

What is SNG?

Synthetic Natural Gas (SNG), is a blend of LPG and diluents such as Compressed Air, Biogas, Digester Gas, Landfill Gas, or Nitrogen. SNG is a direct replacement for Natural Gas, and plays a critical role in meeting the interchangeable energy requirements of the industry.

Why use SNG?

Natural Gas is a vital component of the world’s supply of energy. It is one of the cleanest, safest, and cheapest energy sources widely used in residential, commercial, and industrial applications. Over a period, the increased usage of Natural Gas leads to a mismatch in the demand and supply ratio creating a scarcity of Natural Gas.

SNG is a viable alternative when there is an absence or a shortage of Natural Gas. SNG can be used to precede the availability of Natural Gas or to augment the Gas supply where Natural Gas is already available or if there is disruption in supply.

The SNG system can be virtually designed to meet any energy demand due to its modular nature. It can also be designed to give tailor-made solutions to suit specific process requirements in different working scenario.

SNG as base Load system: Provide SNG in region where Natural Gas is currently not available. SNG base load system provides continuous and uninterrupted fuel supply to meet full load energy demand.
SNG as Standby System: SNG will provide an ideal standby fuel in the event Natural Gas source is unavailable due to curtailment, maintenance shutdown or catastrophic failure or interruption of Natural Gas supply.
SNG as Peak Shaving System: SNG Peak Shaving System acts as an asset as well as profit protection tool in case of shortage or inadequate supply of Natural Gas. It will also help to mitigate price volatility during peak demand period.
SNG systems provide a convenient, consistent, high quality fuel with combustion characteristics similar to Natural Gas. In emerging economies where Natural Gas is in its infancy, SNG plants allow local Gas utility firms to “build up” a customer base during planning and construction of a Natural Gas transmission system. The availability of SNG also supports commercial and industrial growth since such customers can install Natural Gas equipment and commence their production without waiting for arrival of the Natural Gas. This way Industries save substantial interest costs by commencing production on time.

Who can benefit from SNG?

SNG can be an ideal solution under following situations:

Inadequate Natural Gas supply
No Natural Gas supply
Natural Gas is not available in the region currently but system needs to be designed for Natural Gas to avail future benefits
Natural Gas pricing opportunities
Unique features of SNG system make it an ideal solution for:

Large and Medium scale industries
Critical Industrial applications like furnace etc
Power Utility Companies: Being able to meet peak grid demand by injecting SNG
Components of SNG system:

LPG storage tank
Vapouriser
Air Compressor
LPG/Air blender
Interconnected Piping
Fire fighting system

oodualover:
Laudate, ODvanguard do you know the person that owns abese investment limited

Putinofrussia:
DOMGAS GROUP

Justiceleague1:
what about P n I pen limited,who owns it?

oodualover:
Fucck offf or I

oodualover:
Great job bro.
I like that

oodualover:
Great job bro.
I like that

Putinofrussia:
lara banjoko...
zone4energy...any blemish?

oodualover:
Laudate, ODvanguard do you know the persons that own abese investment limited, Adebayo group of companies, Ajibat petroleum limited?

kn23h:
Laudate, have we featured these guys?

Why Muyiwa Ogungboye sold everything he had to seed-fund eStream Networks
https://techpoint.ng/2017/10/16/muyiwa-ogungboye-founder-estream-networks/

DropBuddies — connect with people who can help deliver your packages
https://techpoint.ng/2017/10/27/dropbuddies-profile/

Green Institute — exchange trash for education
https://techpoint.ng/2017/10/25/green-institute-profile/

Cartehub — access varieties of locally made products online
https://techpoint.ng/2017/10/19/cartehub-profile/

e.Stream Networks Ltd, an ISO9001 Quality Certified company is a licensed broadband communications provider dedicated to providing suitable connectivity solutions for businesses.With over a decade in the ICT sector and presence all over Nigeria, we leverage on providing a unique combination of industry experience and expertise in our service offering to all our clients across the country.

Using a variety of up-to-date technologies, we ensure that your business communication needs are achieved from a broad range of end-to-end efficient and reliable IP based (data and voice communications) services.

By partnering with our clients, we focus on their various communications requirement and invest in developing a tailored solution to meet such requirement which adds value to our clients’ growth.

EvilMetahuman:
A Nigerian lady identified as Ade Hassan, the
founder and director of lingerie and hosiery
brand Nubian Skin, has received her Member
of the Order of the British Empire ( MBE )
award today at the Buckingham Palace after
being named in the 2017 Queen’s Honours list
to receive an MBE for services to fashion.