Quality and affordable healthcare at the grassroots received a boost at the weekend with the opening of the Edward & Clara Memorial Clinic (ECMC), a walk-in health facility on the first floor of SuperSavers Mall, Ago Palace Way, Okota, Lagos.


This is the second facility to open in Lagos following the ECMC clinic at SuperSavers Mall, Osapa, Lekki which was commissioned in April 2023. Managing Director of Edward & Clara Memorial Clinic, Dr. Augustina Anetor said the establishment of the walk-in clinic was in response to the challenges in the Nigerian healthcare landscape which include limited access, inadequate infrastructure and high service delivery costs.

Dr. Anetor, a United Kingdom trained Trauma and Orthopaedic Surgeon who returned to Nigeria in response to the Federal Government’s appeal to healthcare professionals in the Diaspora to return home to help drive growth, innovation and inclusivity in the healthcare sector explained that ECMC is a unique project with the vision to become a reference point in preventive healthcare and empowering communities nationwide to thrive in wellness and vitality.

“Our clinic facilities are imbedded in the communities, situated closely to the activities of daily life enabling people to walk in and get urgent attention. Our healthcare services include clinical consultation, laboratory tests, treatment and management of minor and intermediate injuries and fractures, health screening and counseling”, Dr. Anetor said.
She noted that ECMC leverages technology, collaboration with health professionals and institutions in Nigeria and in the Diaspora to provide access to quality and affordable healthcare solutions to communities especially in Okota, Amuwo Odofin and Lekki where the first clinic was established last year.


Dr. Anetor urged regular shoppers at SuperSavers Mall and residents of Okota to take advantage of the one month free registration and consultation and walk in with family members to access quality healthcare and know their health status.
Chairman of the opening ceremony, Mr. Lucky Egede said the establishment of Edward & Clara Memorial Clinic is a giant stride in nation building, saying that Nigeria can only make tremendous progress when we all do our bits across different fields and locations in the country.

Mr. Egede, who is also the chairman of SuperSavers supermarket retail chain in Nigeria said a healthy community builds a progressive nation. He urged shoppers and residents of Okota to take advantage ECMC at the shopping mall to enhance their families’ health status noting that “when you are healthy, you are wearing a crown that only the sick can see”.
Several residential estates and communities in Okota who were represented at the event welcomed the walk-in clinic saying it has solved the problem of distance and access to quality private primary healthcare in the area.

SOURCE:https://brandspurng.com/2024/09/19/edward-clara-memorial-clinic-nigerias-first-private-primary-healthcare-facility-opens-in-okota-lagos/

Britishcoins:
Enjoying my own peacefully... If they like let them call me

How are you managing the timing belt Sir? apart from the timing belt. The Car is sweet.

As part of a major enforcement operation against counterfeit goods, the National Agency for Food and Drug Administration and Control (NAFDAC) closed an illicit cosmetics manufacturing plant at Benue Plaza, Trade Fair Complex, Lagos State.


NAFDAC disclosed that its agents found significant amounts of unregistered chemicals, expired goods, and packaging materials meant for the creation of counterfeit cosmetics in a message that was published on X, the agency’s defunct Twitter account.

More than 1,200 containers containing fake items were taken out of the area. Concerns regarding consumer safety were raised when it was found that cosmetics that had expired were being revalidated for sale.



Additionally, the agency seized supplies for batch coding, thinners, unlabelled chemicals, mini-mixing containers, and other equipment used in the illegal production process. These items were brought to the NAFDAC office so that additional research could be done. The agency calculates that the seized commodities have a street worth of about N50 million.


NAFDAC has reaffirmed its dedication to safeguarding the public’s health by taking tough measures against illicit and unregulated goods on the Nigerian market.

The agency issued a statement, available to BrandSpur national news stories, advising customers to be cautious when buying cosmetics, especially from unreliable sources, and to report any suspicious products to NAFDAC so that appropriate action can be taken.

This operation is a testament to NAFDAC’s continued efforts to stop the manufacture and sale of counterfeit goods, which seriously endanger public health and safety.
To protect the integrity of Nigeria’s cosmetics sector, the agency has stressed that these enforcement actions are part of a larger effort to make sure that only regulated and certified items reach consumers.

It is pertinent to know in a related occurrence, some five months ago, NAFDAC closed down several unregistered bakeries and water-packaging businesses that were operating in Plateau State without the agency’s authorisation.

The North Central Zone Director of NAFDAC, Mr. Shaba Mohammed, stated that the closure came about as a result of inspections revealing inadequate Good Manufacturing Practices (GMP) in the water-packaging companies. Consequently, these businesses were closed to stop possibly dangerous products from being sold.

Furthermore, several patent medicine outlets were shut down for selling unlicensed and outdated medical supplies.

The raid was conducted as part of NAFDAC’s regular inspections in local government areas including Dengi, Wase, Yelwa Shendam, and Namu. Its objectives were to safeguard public health and enforce adherence to safety regulations.

Continuing, Mr. Mohammed underlined that NAFDAC is still dedicated to making sure Nigerian customers may purchase only safe and approved goods. He asked people to be on the lookout for strange or expired products, to report them, and to limit their purchases to just NAFDAC-registered goods.

In addition, he restated that companies that violate the agency’s rules will be subject to the proper penalties. He counselled prospective business owners to get advice on product registration to avoid fines.

SOURCE:https://brandspurng.com/2024/09/18/nafdac-bursts-trade-fair-complex-recover-over-1200-fake-goods-worth-about-n50m/

One of Choice International Group’s subsidiaries, Lontor Hi-Tech Development Company, has implemented a renewable energy system that will help reduce electricity costs in the face of the nation’s rising energy costs.


Despite being solar-powered, the Residential Energy Storage System (RESS) can reduce energy expenses by up to 80%.

The RESS will supply consistent electricity at N40 per unit, whereas Nigerians, who reportedly enjoy about 20 hours of electricity per day, currently pay about N225 Kilowatt Per Hour (KW/h).



Attendees at the Power Your Lifestyle event included many distributors and locals. The company’s managing director, Mr. Roamen Lin, senior sales managers, Mrs. Doris Du and Mr. Kizito Okhaifoh, and senior marketing manager, Mr. Larry Long, were also present.


Speaking at the occasion, Long stated that the business has been operating in Nigeria for more than 20 years and has kept growing by offering home appliances among other things.


Other products are boom speakers, kitchen appliances like multi-function blenders, air fryers and mixers; energy conserving Air Conditioners, heater kettles and a host of other products.


On his part, Kizito said the renewable energy system is made up of an inverter and lithium battery -as opposed to the lead used in some places – all put together as one.

“This is the first time such a launch will be done in Abuja, which is part of the North Central market. Lontor is a manufacturer of several household appliances including blender, torchlights, music box, fans, heater kettles among others. Choice International Group has Lontor, GAC and Gree as subsidiaries

“We are providing you with 3 months warranty for the inverters, while our technical guys are available to help with installation and maintenance.

“The Residential Energy Storage Unit is very compact, doesn’t take much space”.

Speaking about the specifics of the product, Doris stated that there are three different types of inverters: 2.56KWh, which is capable of powering certain household items; 5KWh, which is capable of powering washing machines, air conditioners, and other appliances; and 10KWh, which is capable of powering a whole residential apartment.

Doris listed “high grade quality and safety” as one of the RESS’s unique selling points. The home is enhanced by its distinctive and modern design. Flexible battery expansion and paralleling, multiple power sources, multi-scenario application, and a smooth 20–10 millisecond power switchover Plug and play connections, intuitive operation, sleep-grade noise that doesn’t interfere with sleep, and ease of installation because it comes with all the accessories needed, negating the need to purchase additional ones.

The event which featured a raffle draw, saw various dealers and other buyers going home with mouthwatering gifts of between N100, 000 to N1 million.

SOURCE:https://brandspurng.com/2024/09/16/lontor-sets-out-a-new-solar-product/

With the Redmi 14C, which it unveiled today, Xiaomi has combined amazing performance with a stylish design to improve everyday living.


Its incredibly thin design lends an air of sophistication, and its large screen enhances the immersiveness of multitasking, gaming, and streaming. With a strong processor and a long-lasting battery, the Redmi 14C offers dependable power and smooth performance. This enables users to get the most out of its creative camera, which has a number of tools and filters for taking interesting pictures and films.


Redmi 14C showcases how elegance and refinement come together in a smartphone designed to meet users’ needs. Its 8.22mm ultra-slim body¹ features a flat frame and a newly designed, cutting-edge circular camera deco, offering a sleek and sophisticated look, while making this smartphone easy to handle for daily use. It comes with a classic glass finish, unique from previous generations, in Midnight Black or Dreamy Purple². Alternatively, users can choose Sage Green with a stylish matte texture, or Starry Blue with a star trail design². This range allows users to select the style best suited to their needs and preferences, thereby adding a touch of individuality to their everyday use.

Immersive viewing supported by reliable performance


Redmi 14C features a 6.88-inch display, the largest on Redmi number series to date, offering a spacious and immersive viewing area that transforms everyday activities. Whether you’re reading e-books, watching movies, or gaming, the expansive screen is capable of enhancing the experience with clear, vibrant visuals. In addition, it comes with both TÜV Rheinland Low Blue Light (Software Solution) and Flicker Free certifications, as well as DC dimming, making Redmi 14C perfect for long reading sessions or extended video calls. Furthermore, Redmi 14C also provides Reading mode and Dark mode, which can adjust the screen to suit various lighting conditions, further enhancing viewing comfort.

Meanwhile, the substantial battery supports long hours of use to let users enjoy uninterrupted multimedia experiences throughout the day, offering up to 22 hours of video playback⁴. To swiftly return to full power, 18W fast charging⁵ is also provided.

Whether you’re organizing a virtual meeting, catching up on your favorite TV series, or managing your photo gallery, the combination of robust performance and advanced display technology offers users a consistently smooth and enjoyable experience.

Elevated camera creativity meets everyday functionality

Redmi 14C features impressive photography and video capabilities that make capturing moments both fun and easy. Equipped with a 50MP main camera that produces clear, vibrant photos and a 13MP front camera designed to help users look their best even in low-light conditions, Redmi 14C packs features to take your photos and videos up a notch higher. For example, filmCamera offers a range of filters that allow users to easily add a touch of creative flair to their photos and videos, while the front camera’s software-level soft-light ring illuminates the display for natural and balanced lighting in dim surroundings. Users can also enjoy an enhanced beautifier to highlight their best features in every shot.

In addition to its advanced camera features, Redmi 14C features details that blend practicality with ease of use. For example, its side-mounted fingerprint sensor makes unlocking your device quick and secure, seamlessly integrating into your daily routine. Meanwhile, the inclusion of a 3.5mm headphone jack ensures compatibility with a wide range of audio devices, while the enhanced 150% volume boost⁴ compared to the previous generation ensures that you can hear calls, media, and notifications clearly, even in noisy environments. These thoughtful features collectively enhance user experience, making Redmi 14C ideal for everyday life.

Price and availability

Redmi 14C is available in Midnight Black, Dreamy Purple, Sage Green, and Starry Blue², in 4GB+128GB, 4GB+256GB, 6GB+128GB and 8GB+256GB configurations⁶, starting from N134,600. Redmi 14C is ready for grabbing at authorized retailers across Nigeria, including FINET, RAYA, 3CHUB, SLOT, POINTEK, FINE BROTHER, and CALLUS MILLER. For those who prefer online shopping, visit Xiaomi’s exclusive store on Jumia at Xiaomi Store and enjoy the convenience of having your new Xiaomi device delivered directly to your door.

Disclaimers

¹ Actual measurements between individual products may vary. All specifications are subject to the actual product.

² Color and material availability may vary between markets.

³ 16GB RAM with memory extension is based on the 8GB RAM version. Additional RAM will occupy a corresponding amount of ROM storage. Memory extension is only available when there is enough storage space on your device. Actual extension of RAM storage capacity varies across different models.

⁴ Data tested in Xiaomi Internal Labs. Actual results may vary.

⁵ Power adapter availability may vary between regions. Recommended to use an 18W power adapter that supports PD charging.

⁶ Configurations available may differ between different regions. Available storage and RAM are less than the total memory due to storage of the operating system and software pre-installed on the device.


At the core of this smartphone lies a MediaTek Helio G81-Ultra octa-core processor and 5160mAh battery, which work together to enhance the user experience of its large display. The powerful processor delivers smooth and responsive performance for activities such as video streaming, allowing you to fully immerse in the big-screen experience. And with up to 16GB of RAM, including 8GB of extended RAM³, multitasking is utterly seamless.



SOURCE:https://brandspurng.com/2024/09/12/introducing-redmi-14c-a-blend-of-elegant-styling/

A group of Swedes set a world record by driving a hydrofoiling Candela C-8 between Stockholm and the Finnish autonomous region of Åland, marking the first time an electric boat has crossed the Baltic Sea and made the journey between the two countries. They even returned the same day – at 95% lower costs than a fossil-fuel-powered boat.

“The aim was to demonstrate that zero-emission sea travel is not only possible today, but that foiling electric ships and boats are so much cheaper to operate than fossil-fueled vessels,” said Gustav Hasselskog, CEO and founder of Candela.

The Stockholm-based tech company has developed the world’s first electric hydrofoil boats and ships, vessels that fly above the water with an 80% reduction in energy consumption compared to traditional ships, providing both long range and high speed on battery power.


The record trip was made last Thursday in the latest version of the leisure boat Candela C-8, equipped with a Polestar battery, starting at 6 a.m. from Stockholm’s Frihamn. After a charging stop in Kapellskär, they reached Mariehamn, the capital and largest town of the Åland Islands, an autonomous region of Finland, at lunchtime, making it the first electric boat to cross the Baltic Sea between Sweden and Finland. In the harbor, the electric boat pioneers were greeted by a delegation headed by Åland’s Premier, Kristin Sjögren.


“The disadvantage of electric boats has been their short range, due to traditional boat hulls consuming so much energy. With our hydrofoil technology, we combine high speed and range, but you get so many other benefits. Flying over the Åland Sea in total silence and without slamming was absolutely magical,” said Gustav Hasselskog.

The trip was made mostly with the existing charging infrastructure, and in partnership with Kempower, a charging solutions provider. In Kapellskär, the Candela charged with a Kempower Movable Charger, a 40-kW wheeled charger connected to the existing power grid at the harbor. In Finland’s Mariehamn, the boat was plugged into the marina’s three-phase outlet. In the evening at 6 p.m., the electric boat pioneers flew back toward Sweden. After a top up in, Kapellskär, the C-8 returned in dense fog to the starting point, Stockholm’s Frihamn, at 11.30 p.m.

“Kempower is proud to contribute to the electrification of boating and help create greener waterways. Electric boats combined with hydrofoiling offer the best possible efficiency. Kempower’s DC fast charging solutions are ideal for electric boating, and our Kempower Movable Charger is a plug-and-play solution that integrates seamlessly with the electrical grids already available in many marinas,” says Antti Vuola, Director, Market Segments, Kempower.

“We actually had range anxiety, but not for the Candela. The irony is that the photographer’s gasoline-powered chase boat had to refuel six times during the trip, while we only charged three times,” said Gustav Hasselskog.

Candela’s hydrofoil technology enables massive cost reductions for sea transport, which was proven when the electric costs were summed up. The gasoline-powered chase boat of similar size that accompanied the trip had to refuel for 750€ during the 150 nautical miles – while the Candela C-8 consumed 213 kWh of electricity, at a cost of about 40-50€.

“We’re talking about 95% lower operating costs. This is a revolution that makes waterborne transöport competitive with land transport in terms of costs, which we will now demonstrate in public transport in Stockholm,” said Gustav Hasselskog.

This fall, Candela P-12, the company’s new 30-passenger hydrofoil ferry, will begin operating the Ekerö-Stockholm City Hall route, where it is expected to halve travel times thanks to not producing damaging wakes, allowing it permission to travel quickly in the inner city.

Candela has recently announced a deal to electrify the water transport network in Saudi Arabia’s giant NEOM project, as well as ferries sold to cities ranging from Berlin to New Zealand.

“We can easily electrify coastal public transport at very low costs, not just in Sweden but across the world. It just requires political will to make the switch,” concludes Gustav Hasselskog.

SOURCE:https://brandspurng.com/2024/09/11/first-electric-boat-successfully-crosses-the-baltic-sea/

Field, a leading African healthtech company, has today announced the launch of a route-to-market service that will introduce emerging therapies to tackle the urgency of maternal mortality, newborn and child health, along with nutrition. The initiative will leverage Field’s proprietary technology, distribution, and financing services, which today powers a network of over 40,000 private and public healthcare providers in rural and urban areas across Kenya and Nigeria. The initiative launches with an initial $11m in support from the Bill & Melinda Gates Foundation, in recognition of Field’s commitment to introduce emerging therapies and supply chain transformation in combating Africa’s most urgent health priorities.

Since its inception in 2015, Field’s streamlined infrastructure has facilitated over 800 million health interventions across more than 60 therapeutic areas, such as family planning, HIV and Tuberculosis. Starting in Kenya and Nigeria, with scope to expand to other regions. Field will advance on its unique capabilities within complex distribution channels to create an accelerated route to market for emerging therapies and technologies. This is to include an extensive digitisation overhaul for private healthcare providers, hospitals and healthcare bodies at State and Federal level, with financing options to strengthen operations and purchasing capabilities. Additionally, healthcare providers stand to benefit from last-mile delivery to improve day-to-day health services and the installation of pharma-grade refrigerators. In its entirety, the service will be reinforced by the establishment of a coalition to include governments, manufacturers and other key stakeholders for one of the continent’s most ambitious maternal health programs to-date.



Maternal mortality is one of the continent’s most pressing healthcare challenges. The likelihood that a woman will die in childbirth in Africa is 45x higher than in Europe. According to the World Health Organisation (WHO), Africa accounted for 69% of global maternal deaths, with Nigeria alone representing 29% of all maternal deaths worldwide in 2020. Field’s service will provide expectant mothers in Africa access to emerging therapies such as heat-stable carbetocin and calibrated drapes, which detect and treat postpartum haemorrhage, the leading cause of maternal mortality in Africa. The platform will accelerate these new interventions, support established therapies, and address related complications like preeclampsia.

The consequences of poor or non-existent maternal health services will affect the most vulnerable sections of Africa’s population. Speaking on the initiative, Michael Moreland, CEO & Founder of Field, says, “This is public health powered by technology and today’s news recognises the products and services that Field has built over the past eight years scaled and integrated into large-scale public health programs; this is what we believe health technology companies should be doing; joining innovative, impactful coalitions between private and public entities.”

“Digitally powering, networking, and financing health systems at scale will have an overwhelmingly positive effect on access to quality care. With funding from the Bill & Melinda Gates Foundation we are set to rapidly improve mother and child survival in every setting .’’

A number of global pharma and health companies have exited the continent in the past 18 months. Moreland adds, “We’ve seen genuine, meaningful gains being made in healthcare delivery outcomes, however in this current tough economic climate, without coordinated systems and processes, the progress will slow or slip. Alongside our funders, our role is to ensure this doesn’t happen because the problems the healthcare space is facing will not be solved on its own. This is where Field, and its funders, come in and we’re excited to get to work on this technology-powered infrastructure blueprint for public health services”.

In addition to this new initiative, Field continues to grow and scale its technology solutions across the continent. In Field Supply, it has created the largest pharmaceutical supply chain platform in Africa. Its distribution service Shelf Life distributes over 3,000 quality products across more than 50 therapeutic areas, reaching over 2,500 pharmacies and hospitals in 24 cities in Nigeria and Kenya, including government facilities, large hospital systems, retail chains, insurance companies and family-operated drug stores. The platform also provides trade financing solutions for priority therapies and equipment that addresses working capital constraints that often hinder investment in new medical interventions.

About Field

Field Intelligence is the leading pharmaceutical supply chain provider within Nigeria and Kenya, that aims to reshape the pharma value chain by turning the supply chain underlying it into a strategic tool for access and growth. Founded in 2015, Field Intelligence works collaboratively with African governments by delivering and scaling healthcare programs, catering for Africa’s small private pharmacies, and providing data-led technology that aids inventory management and access to products.

About Bill & Melinda Gates Foundation

Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life.

SOURCE:https://brandspurng.com/2024/09/10/field-launches-service-to-tackle-maternal-mortality-crisis-in-africa-with-11m-backing/

Almost seven months after its founding, the Nigeria Communication Commission (NCC) has awarded three telecom licenses to Airtel Nigeria Telesonic Limited, the company’s fibre service arm.

Three licenses were awarded to the network operator: one for Internet Service Provider, one for Sales and Installation Major, and one for National Long Distance.

The National Long Distance licence will go into effect on July 1, 2024, and expire on June 30, 2044. It will be valid for 20 years. The Sales and Installation Major licence and the Internet Service Provider licence, on the other hand, are valid for five years, from July 1, 2024, to June 30, 2029.
With the NLDO licence, Telesonic will be able to provide long-distance phone services within Nigeria, enabling the business to set up and keep up the infrastructure required to connect calls and data across the nation.

On the other hand, the licence prohibits the holder from providing Internet access to end consumers directly or from providing international long-distance services. This license was also granted to Bayobab, an MTN Group subsidiary that specialises in digital infrastructure, in 2023.

With the Internet Service Provider license, the business will be able to compete with other providers like Spectranet and FibreOne by providing Internet services to clients. It enables holders to set up and run their own separate networks for the provision of these services.

There were 242 active Internet service providers in Nigeria as of July 2024, down from 252 in May 2024, after 12 allegedly neglected to renew their licenses, BrandSpur telecom and IT news reports.

Continuing, the telco can sell, install, and maintain telecom equipment thanks to the Sales & Installation Major licence.

Following a statement: “The principal activity of the company is to carry on business as manufacturers, importers, exporters, distributors and sellers of all types of fibre optic systems and networks, including cables and equipment used in a telecommunication network, multi-channel video communication, data network and all other forms of communication and electronic, medical or industrial applications.”

CEO of Airtel Africa Segun Ogunsanya said that the project would offer “cutting-edge fibre-optic solutions” to meet Africa’s digital needs in a variety of industries when the company announced the start of Telesonic in February 2024.

SOURCE:https://brandspurng.com/2024/09/05/ncc-issues-airtel-nigeria-telesonic-limited-3-telecom-licenses-in-7-months/

Through the Presidential Committee on Fiscal Policy and Tax Reforms, the Nigerian government has declared its intention to impose a zero-rated tax on food items. This was revealed by Committee Chairman Taiwo Oyedele in a Channels Television broadcast.

He claims that the nation intends to lessen the Value Added Tax’s impact on the most vulnerable citizens.

According to him: “Even the VAT system was placing too much burden on the poorest people.

“For example, you had food items, some of them were exempted.


Adding, he said: “So we’ve decided that food should not just be exempted, it should be zero-rated.”

Oyedele, in the meantime, disclosed that preparations are on to put out a bill raising the VAT from 7.5 percent to 10 percent.

BrandSpur national news stories report that he made this comment on Tuesday when the Nigerian National Petroleum Company Limited raised the pump price of Premium Motor Spirit (Petrol) from N617 per liter to N897 and N855.

SOURCE:https://brandspurng.com/2024/09/04/federal-government-discloses-plan-to-impose-zero-rated-tax-on-food/

Encomiums have continued to pour in on the Executive Governor of Lagos State, His Excellency Babajide Olusola Sanwo-Olu, for the sustainable implementation of the ‘Eko Cares’ initiatives aimed at mitigating the current economic challenges experienced not only in the state, but across the country.

The ‘Eko Cares’ Initiatives, launched in April this year by Governor Sanwo-Olu, is the umbrella signature for several poverty-alleviating campaigns by the Lagos State Government, namely: ‘Alafia Eko’, ‘Ounje Eko’ Sunday Market, ‘Eko Fund Me’, ‘Alaafia Eko’, ‘Owo Isowo Eko’, and ‘Edinwo Owo Oko Eko’, all focused on lessening the burden of more than 500,000 Lagos households amid the current economic hardship in four critical sectors including transportation, education, health and agriculture.

These interventions are in line with the Lagos government’s undertaking to better the lives of its citizens in the 20 LGAS, and 37 LCDAs.


The Permanent Secretary, Lagos Health District 1, Dr. Funmilayo Bankole and other health practitioners who coordinated the campaigns in different locations noted that the ‘Alafia Eko’ is aimed at ensuring the health and wellbeing of Lagosians. “What we do here is to screen Lagosians for silent killers such as hypertension, diabetes, etc., and prevent these conditions from causing complications”, she said.

At the’ Alafia Eko’ intervention held in Mushin LGA, one of the beneficiaries, Mr Tajudeen Adebowale, expressed excitement, saying, “We are very happy about this initiative. May God continue to bless the governor to do even more, especially programmes like this healthcare initiative”.

Another beneficiary at the Meiran intervention outreach, Alhaja Ajani Badru could not hold back her joy saying, “We are grateful to Governor Sanwo-Olu’s administration for the free healthcare brought to us. Medications these days are very expensive and today, we got sufficient treatment at no cost”. Another beneficiary, Mr. Adekojo Samuel expressed similar sentiments, thanking the Governor for the eye tests, drugs, and eye glasses received.

Another beneficiary at the Isolo outreach, Mr. Iyanu Temituro said: “The programme is excellently beautiful, organised, and the medical personnel were very approachable. I’m enjoying two medical services for stooling and blood pressure”.

Mr. Abiodun Ayodele, a beneficiary from the Surulere outreach was also full of commendations. “I appreciate what the Lagos Governor has done. See the lots of drugs they gave me; at the same time, I got brand new eye glasses”.

Other beneficiaries from Apapa LGA were also full of praise for the Governor, dedicating songs in Yoruba to Governor Sanwo-Olu, describing him as a promise keeper. Among them were Mrs. Tawa Yusuf and Mrs. Oloofa Bola who got free eye glasses. Others were Mrs. Aremu Lateefat, Mr. Rasheed Raheem, and Mrs Saratu Ishola, who all got free drugs and medicals. They described the health initiative as a huge achievement and a big relief for them.

On the success of the programme, Dr. Saheed Tajudeen, a volunteer at the Igbogbo, Ikorodu outreach expressed excitement with the turnout for ‘Alafia Eko’ initiative. “Lots of people in the community don’t usually visit our Primary Health Centre, and Lagos State has deemed it fit to bring medical care to their doorsteps. This is laudable”, he said.

Other locations visited in this phase of the ‘Alafia Eko’ health initiative include Ikorodu North LCDA and Ikotun LCDA.

‘Eko Cares’ is supervised by the Special Dispensation Advisory Committee on Social Interventions (SPEDAC), a non-partisan body set up to advise the government on the various initiatives lined up to help the poor weather the current economic hardship in the country.

SOURCE:https://brandspurng.com/2024/09/03/eko-cares-grateful-beneficiaries-praise-lagos-governors-economic-hardship-alleviation-initiatives/

While some global corporations are pulling out of Nigeria, others are finding chances in the largest economy in Africa. For example, Nutrify, a division of Tolaram Group, which made an investment in the nutraceutical health sector six months ago, intends to build a multi-million Naira factory in Nigeria.


According to Ehimenv Oaikhena, regional sales manager for the health company Nutrify Nigeria, the ambitious concept not only satisfies the growing demand for its goods in Africa but also generates employment and stimulates the local economy.

Oaikhena did nothing to disclose the location of the factory when she was interviewed last weekend in Lagos at the Young Pharmacists Group’s health event, which was held in association with Nutrify.



The choice is further influenced by research, knowledge of the size and market for nutraceuticals in health in Nigeria, familiarity with the country’s regulatory framework, and knowledge of the raw material supply.


Similar to the crude oil industry, in which Nigeria imports refined products and exports crude, Nutrify currently sources its raw materials from various African nations, including Nigeria, but transforms them into finished products in Asia.

According to Oaikhena, the company expects that local production in the upcoming two years will result in more cheap items, taking into account importation logistics and exchange rates.

Oaikhena disclosed: “We source most of the raw materials in Nigeria and Africa. The plan in the next two years is to have the supplements produced here in Nigeria”

According to the regional sales manager, the company now uses roughly 65% local content in its nutraceutical goods supplied throughout Africa because some of its raw ingredients are sourced outside of Nigeria.

Nonetheless, he stated that the organisation intends to raise the local content to 90%, BrandSpur local news brand reports.

Oaikhena noted that affordable and suitable medications are the gaps in the market for healthy supplements, but Nutrify is filling these gaps thanks to its robust R& team.

“We have been on this journey of the plan to produce supplements for about 5 years as we did not just wake up to start manufacturing,” he declared, adding that the company is aware of the market.

He explained that the goal of the wellness retreat is to educate customers and chemists about certified nutraceutical goods and raise awareness of the preventive approach to health. He claimed that Nutrify formulas have ISO certifications and NAFDAC approval.

During the panel discussion, Tolulope Ajayi, the Chairman of the Lagos Chapter of the Association of Community Pharmacists of Nigeria, explained the purpose of the retreat as enhancing the NUJ knowledge and skills of pharmacists, who are healthcare providers and not just businesspeople but also the gatekeepers of the healthcare delivery system.

He explained that the goal of the wellness retreat is to educate customers and chemists about certified nutraceutical goods and raise awareness of the preventive approach to health. He claimed that Nutrify formulas have ISO certifications and NAFDAC approval.

During the panel discussion, Tolulope Ajayi, the Chairman of the Lagos Chapter of the Association of Community Pharmacists of Nigeria, explained the purpose of the retreat as enhancing the knowledge and skills of pharmacists, who are healthcare providers and not just businesspeople but also the gatekeepers of the healthcare delivery system.

Abimbola Adebakin, who subscribes to the theory that prevention is preferable to cure, stated in her opinion that Africa may find preventative health solutions through technology and artificial intelligence (AI). She asserted that when advancements in health are made, power can be transferred to Africa.

She claimed that the answer to the world’s health problems is in Africa, stating that by combining the continent’s conventional medical practices with AI’s ability to lower the cost of drug research, the success rate of newly discovered medications may rise from 15% to 70%.

Consumers should always enquire pharmacists about their licenses and get advice from them when needed, according to Nmesoma Ohakwe, State Coordinator, PSN-YPG, Lagos.

SOURCE: https://brandspurng.com/2024/09/02/nutrify-reveals-plan-to-build-multi-million-naira-factory-in-nigeria/

Arik Air’s dedication to quality and innovation in the aviation sector has been recognised with the Bizz Award 2024 in the inspirational company category.


Global industry leaders met at the Sofitel Singapore Sentosa Resort and Spa in Singapore on Tuesday for the award ceremony, BrandSpur digital news platform reports.

Along with the award, Arik Air was inducted as a platinum member of the World Confederation of Businesses (WORLDCOB), a designation that carries substantial duties and benefits, the airline said in a statement on Thursday.



The announcement states that the airline received this award after a thorough assessment by the WORLDCOB evaluation committee.


The statement partly reads: “During the event, Arik Air was presented with THE BIZZ 2024 trophy, a symbol of business excellence.”


“Additionally, the airline received the World Business Leader award, acknowledging its leadership in operating with innovation, knowledge, and systematic efficiency.

Continuing, the company went on to say: “Arik Air’s Chief Executive Officer, Captain Roy Ilegbodu, and Chief Operating Officer, captain Adetokunbo Adekunbi, were both recognized for their Excellence in Business Leadership, affirming their roles in steering the airline towards continued success.

“Captain Adekunbi, accompanied by Arik Air’s Head of Corporate Communications, Adebanji Ola, accepted the awards from Mr. Michael Bellido, Vice President of WORLDCOB,” it added.

Adekunbi praised the entire Arik Air crew for their unwavering dedication and commitment to excellence in his acceptance speech, dedicating the prize to them all. He also expressed his appreciation for the prestigious recognition to the board of directors of WORLDCOB.

In light of the accomplishment, Ilegbodu stated that the award is evidence of the staff’s tenacity and diligence in continuously maintaining the greatest levels of excellence. He said: “We are also deeply grateful to our loyal customers for their continued support over the years.”

WORLDCOB is a global organisation based in Houston, Texas that serves more than 3,500 companies in over 130 nations.

SOURCE:https://brandspurng.com/2024/09/02/arik-air-bags-bizz-award-2024-gains-recognition-as-platinum-member-of-worldcob/

The Joint Admissions and Matriculation Board (JAMB), has tasked tertiary institutions in the country to run entrepreneurship courses and skills acquisition programmes for self reliance of their products. This is as the Abia State Government has warned private universities operating in the state against compromising standards.

JAMB Registrar, Prof Ishaq Olyede, who gave the charge during a one-day, Stakeholders’ Forum of Amadeus University, Amizi in Ikwuano Local Government Area of Abia State, said society was in dire need of job creators and not job seekers.

“We envision a university that would not only educate but also inspire; we envision a place where students would be turned to leaders, entrepreneurs and change makers; a place that will not be reckoned with cultists, notorious boys and girls;

The head of JAMB, who declared that Amadues University possessed all the licenses and approvals required to function as a private university, pledged cooperation with the school.

Professor Olyede declared: “Amadeus university is NUC approved and accredited, JAMB approved, JAMB accredited, and enjoys JAMB partnership.” Prof. Olyede was speaking through Juliet Anikwe, the Abia State JAMB Coordinator.

He conveyed optimism that the university would fulfill its primary responsibility.

Addressing the Forum, the State of Abia

Prof. Eme Uche Eme, Commissioner for Postsecondary Education, declared that the State would not accept any departure from the current norms but rather an enhancement to fortify the educational field.


She tasked the newly established university billed to take-off September, to key into the ongoing transformation of the Alex Otti-led administration which has for the first time, since the history of the state, met the 25% budgetary threshold for Education.


Prof. Eme said the state was committed to upholding the highest standards with regards to education at all levels.

“As we look ahead to the official commencement of academic activities in September 2024, I want to emphasize we are committed to upholding the highest standards of education”.

The Commissioner urged the Management of Amadeus University to engage qualified personnel, especially lectures who would have time for the students, maintain zero-tolerance for cultism and other anti-social behaviours and ensure round-the-clock security.

She commended the Founder for the establishment of the university which according to her “represents an investment in the future of youths and the advancement of education”.

SOURCE:https://brandspurng.com/2024/08/29/jamb-request-universities-to-offer-entrepreneurship-course/

Global pioneer in cutting-edge consumer electronics, LG Electronics, showcased its state-of-the-art OLED technology to the gaming community by hosting the Gaming Finale in Lagos, Nigeria.


Top gamers and fans of esports gathered for the tournament, which used LG’s OLED TVs as its official display displays. Both players and onlookers were engrossed in the game activity because of LG’s OLED screens’ breathtaking graphics and lightning-fast response times.

Speaking about the initiative, Mr. Paul Mba, Senior Marketing Manager at LG Electronics Nigeria, said that the main motivation behind it was to highlight the features and benefits of the LG OLED TV as one of the greatest options for gamers. It also aimed to provide a venue for gamers to participate in competitions that prepare them for more difficult challenges both domestically and internationally.



LG’s commitment to bolstering Nigeria’s and Africa’s expanding gaming industry was demonstrated during the Lagos Gaming Finale. LG wants to enable gamers and esports pros to compete at their best by offering superior display solutions, BrandSpur technology, and information news reports.

Mr. Choongbae Seok, General Manager, of LG Electronics Nigeria’s TV Division’s Home Entertainment, remarked during the product and trophy presentation: “LG is committed to delivering the ultimate gaming experience with its OLED TV and our OLED technology offers unparalleled picture quality, speed, and responsiveness, making it the perfect choice for gamers.”

Continuing, Seok said: “Building on the momentum of our successful Instore Gaming competition, we’re excited to announce its expansion across West Africa! LG is committed to bringing immersive gaming experiences to our customers in Ghana, Ivory Coast, Senegal, and beyond. Stay tuned for more details on how to participate and win big!”

After winning the best-of-three final matches, Ifeanyi Esenwa (Gamer Tag: Boyd) took home the LG 55-inch OLED TV as the top prize, along with a gold trophy and bragging rights. Flick took second place and won an LG 43-inch UHD TV; third-place finisher Afolarin Teluwo received an LG LK72B Speaker; further prizes were given out to other gamers and fans present.

About LG OLED TVs

Modern OLED TVs from LG Electronics are renowned for their amazing picture quality, deep blacks, and lightning-fast response times, which guarantee that every move you make with the controller is immediately displayed on the screen, providing you a significant advantage over rivals and a higher chance of winning.

Beyond gaming, the LG OLED TV’s light-emitting pixels produce an incredibly gorgeous picture that elevates your home entertainment experience to a whole new level with its perfect black, over a billion vibrant hues, and limitless contrast.

Key features include:

Clearer sound and picture with refinements by the Alpha 11 AI Processor 4K.
Brighter visuals by Brightness Booster Max.
One Wall Design that merges seamlessly against the wall with a zero-gap mount.
4 years of upgrades guaranteed over 5 years with WebOS Re: New Program.
Incredible movies and gaming enhanced by Dolby Atmos and Dolby Vision, VRR, G-Sync, and Freesync.
The LG OLED TV blends seamlessly with your wall, is thinner than any phone, and its high-end appearance elevates your decor.

Please visit OLED TVs for additional information regarding LG OLED TVs. LG Africa | Ultra Slim & 4K OLED TVs

SOURCE:https://brandspurng.com/2024/08/28/lg-electronics-showcases-state-of-the-art-oled-technology-host-gaming-finale-in-lagos/

As the only airline in the world to have won the Skytrax World’s Best Business class 11 times, Qatar Airways announces further enhancement to its business class service with the introduction of caviar service on its menu offering.
Starting with 13 routes from 15 August, caviar lovers can experience the luxurious service onboard Qatar Airways business class between Doha and Boston, Dallas, Hong Kong, Houston, London, Los Angeles, Melbourne, New York, Paris, Sao Paulo, Singapore, Sydney, and Washington.



Qatar Airways’ award-winning Business Class service features extensive food and beverage options, as well as on-demand dining where passengers can dine at their preferred meal time. The new caviar service can be enjoyed as a standalone option or part of the onboard meal courses.


Qatar Airways Senior Vice President Product Development and Design, Ms. Xia Cai, said: “As the world’s only 11-time winner of the Skytrax ‘World’s Best Business Class’ award, Qatar Airways takes pride in providing the best premium business class travel experience. The introduction of caviar service, commonly available only in first class cabins, further elevates Qatar Airways’ award-winning business class experience. We are committed to continuously enhance our onboard services to elevate the industry’s standards and delight our passengers.”


SOURCE:https://brandspurng.com/2024/08/27/qatar-airways-introduces-caviar-to-business-class-elevates-onboard-experience/

Just a couple of days ago, the world’s second largest diamond – created in Earth’s core – was discovered in Botswana. The largest diamond was unearthed by miners more than 100 years ago – in 1905. The newly mined diamond, weighing just about a pound, was a 2,492-carat stone. It was discovered by Lucara Diamond Corp. of Vancouver, British Columbia, which owns the mine in Botswana.

Mined about 300 miles north of the capital of Botswana in the Karowe mine, which has produced other large rough stones of significance (including the 813-carat Constellation diamond), the rough stone plays second only to the famed 3,106-carat Cullinan diamond that was mined in South Africa in 1905.


The Cullinan diamond — named after Thomas Cullinan, chairman of the mining company that found it — was a sensation when it was discovered. The stunning blue-white stone, with incredible clarity, was later cut into multiple stones – a feat that took more than eight months. Those stones were all assigned a number and several were eventually put into the British Crown Jewels. In fact, the Cullinan I and II were set into the Sovereign Scepter and the Imperial State Crown in 1910 and remain so today.

The diamond was discovered by Lucara using advanced high technology X-ray devices that have recently been employed by diamond miners. That technology, Mega Diamond Recovery (“MDR”) X-ray Transmission (“XRT”) technology, along with a new grinding process that is designed to more easily separate diamonds from rock slabs, has propelled Lucara to the top of the list when it comes to finding big stones.

According to an article in the New York Times, in 2015, Lucara unearthed a 1,109-carat diamond, and in 2019, it found a 1,758-carat black diamond.

Both of those stones were magnificently cut into multiple diamonds and sold to a luxury brand for inclusion in its exquisite jewelry. It is expected that this newest diamond could have the same fate. It is also estimated that it could sell for tens of millions of dollars.

The diamond, which has not yet been named, was presented first to the world from the office of President of Botswana, Mokgweetsi Masisi.

In a press release issued by Lucara, William Lamb, President and CEO, said “We are ecstatic about the recovery of this extraordinary 2,492 carat diamond. This find not only showcases the remarkable potential of our Karowe Mine, but also upholds our strategic investment in cutting-edge XRT technology. The ability to recover such a massive, high-quality stone intact demonstrates the effectiveness of our approach to diamond recovery and our commitment to maximizing value for our shareholders and stakeholders.”

SOURCE:https://brandspurng.com/2024/08/26/second-largest-diamond-2492-carats-unearthed-in-botswana/

MTN Communications Nigeria Limited, Havenhill Synergy, Golden Penny Power Limited, and other parties have been granted license by the federal government to generate energy using a mini-grid.


In the first quarter of 2024, the government issued three new trade licenses and nine new off-grid generation licenses with a combined gross capacity of 109.69 megawatts through the Nigerian Electricity Regulatory Commission, or NERC.

MTN was given permission to construct four 15.94 MW captive power plants around Lagos State, BrandSpur telecom and IT news reports

Captive power generation was authorised for Armilo Plastics Limited, SweetCo Foods Limited, West African Ceramics Limited, African Steel Mills Nigeria Limited, and Royal Engineered Stones Limited.


A licence to construct six off-grid gas plants in the states of Oyo, Cross River, Ogun, and Lagos was given to Golden Penny Power Limited. There is a 100MW overall capacity.


The license showed: “Captive power generation permits are issued to entities that aim to maintain and own power plants for generating power for consumption and not for sale to a third party. The commission issued nine captive power permits in 2024/Q1 with a total nameplate capacity of 52.57MW.”

Daybreak Power Solutions, Auro Nigeria Private Limited, TIS Renewable Energy Limited, Watts Exchange Limited, Centum Dopemu Energy Services Ltd, and DMD Electric Limited Lagos State are additional licensed enterprises that benefit from mini-grids.

According to Section 165(1)(m) of the Electricity Act 2023, renewable energy companies may be granted licenses for mini-grid concessions by NERC, allowing them to exclusively serve a particular geographic area.

These concessions indicate that aggregate electricity will be generated and distributed from a site, and the companies will be required to serve customers who request service.

According to the commission: “Following the satisfactory evaluation of mini-grid applications, NERC issued three mini-grid permits and 2 registration certificates in 2024/Q1.”

SOURCE:

To lower the cost of staple foods, the Nigeria Customs Service has announced that duties on imports of essential food will be waived starting on July 15, 2024, and ending on December 31, 2024.


As part of steps to combat rising food inflation, the federal government authorised a 150-day duty-free window in July to ease the importation of wheat, husked brown rice, and maize.

Chief Superintendent of Customs and National Public Relations Officer for the Comptroller General of Customs Abdullahi Maiwada made this announcement regarding the timing for the implementation of the duty waiver in a statement reached by BrandSpur national news story, that was made public on Wednesday.



Although the policy went into effect on July 15, 2024, the Customs Service has just announced it, giving clarity on the specifics and framework for its implementation, which will continue through December 31, 2024.


The statement outlines the guidelines for the duty waiver, covering items such as husked brown rice, grain sorghum, millet, maize, wheat, and beans.

The statement reads: “Drawing from the Presidential directives aimed at alleviating the hardship faced by Nigerians due to the high prices of essential food items, the Nigerian Customs Service (NCS) is pleased to announce that His Excellency, the President of the Federal Republic of Nigeria Bola Ahmed Tinubu GCFR through the Honourable Minister of Finance and the Coordinating Minister of the Economy, Olawale Edun has approved the regulation for the implementation of a Zero percent duty rate and Value Added Text (VAT) exemption on selected basic food items. This policy is effective from 15th July 2024 and will remain in force until 31 December 2024.”

The statement also mentioned how the duty waiver on these particular imports of vital food will lower the high cost of food in Nigeria by lowering the price of necessities for Nigerians. It further stressed that, despite being a short-term solution to deal with current issues, this step does not undermine the long-term plans put in place to safeguard regional farmers and manufacturers.

The announcement also included comprehensive qualifying standards for businesses looking to take advantage of the zero import tax policy on necessities.

Companies must be incorporated in Nigeria, have been in business for at least five years, continuously file financial statements and annual reports, and have paid all applicable taxes and payroll duties during this time to be eligible.

Additional requirements for importers of husked brown rice, grain sorghum, or millet include having a milling plant capable of processing at least 100 tonnes of grain per day that has been in operation for at least four years and an adequate amount of farmland for cultivation. In a similar vein, businesses that import beans, wheat, or maize must be farming operations with sufficient farmlands or feed mills/agro-processing facilities that sustain a network of out-growers for cultivation.

Under the guidelines of this strategy, the Nigeria Customs Service (NCS) would receive a list of approved importers and their quotas from the Federal Ministry of Finance regularly to help with the seamless importation of these staple foods.

The regulation also requires that at least 75% of the imported goods be sold through reputable commodities exchanges, with complete documentation of all transactions and storage.

Businesses must keep thorough records of all associated actions, which the government may ask to verify compliance with.

The corporation will lose any waivers and be obliged to pay the relevant import duties, levies, and VAT if it doesn’t fulfil its requirements under the import authorization.

SOURCE:https://brandspurng.com/2024/08/16/federal-government-to-remove-import-duty-on-food-staples-seek-to-cut-market-price/

The 2024 Hyundai STARIA has been released into the Nigerian market by Hyundai Nigeria Limited. The incredibly cosy and adaptable STARIA, one of the safest Multi Purpose Vehicles (MPVs) on the planet, is currently offered in every Hyundai dealership showroom nationwide.


Despite having been hatched in waggon, Premium, Cargo, and Hybrid types, the STARIA Waggon, which comes in 9- and 11-seater versions, is the one that is now on sale in Nigeria. The 2024 STARIA waggon is designed for large families and schools, but it’s also a great option for executive shuttle services and corporate executive pool transport facilities.

Like other models, the STARIA Waggon is outfitted with best-in-class safety equipment to protect rear-row passengers, such as twin giant curtain airbags and front and side airbags. All seats have headrests and three-point seat belts, and STARIA allows you to add up to six more airbags.



In addition, the MPV has additional active safety packages that include Highway Driving Assist (HDA), Blind-Spot Collision-avoidance Assist (BCA), and Lane Following Assist (LFA).


Hyundai’s most sophisticated technology, HTRAC AWD (Hyundai TRACtion All Wheel Drive), is also included with the 2024 STARIA. This intelligent multi-mode system offers all the advantages of all-wheel drive traction when extra grip is required.

Hyundai Nigeria launched the STARIA in response to demand from its target market for comfort as well as an additional assurance of safety and peace of mind, according to Mr. Gaurav Vashisht, Head of Sales and Marketing for the company.

STARIA’s sleek external design is strikingly futuristic and makes use of subtle lines for maximum visual impact. It is characterised by a single, flowing arc that extends from front to back, and the business claimed in a statement that it was inspired by the halo that, when viewed from space, brightens Earth’s horizon at daybreak.

Customers can choose from a variety of colours, including Creamy White, Abyss Black Pearl, Graphite Grey Metallic, Moonlight Blue Pearl, Olivine Grey Metallic, and Dynamic Yellow, BrandSpur national news brand reports.

The interior of STARIA, which draws inspiration from the design of cruise liner lounges, offers a luxury and tranquil atmosphere. It welcomes guests with an amazing sense of openness and clever technologies that make travelling and driving much easier.

STARIA’s cockpit features a 10.25-inch central screen that serves as the focal point of the high-tech interior design. It is compatible with Android Auto and Apple CarPlay for phone mirroring.

With a 3.5-liter, 272 horsepower Smartstream engine paired with a 6- or 8-speed automated gearbox that produces 331 Newton meters of torque, the 2024 STARIA can reach 100 km/h from takeoff in 8.9 seconds, compared to 17 seconds for the Toyota Hiace.

Like every Hyundai, the STARIA is constructed to the greatest standards of quality and comes with a 3-year unlimited mileage warranty, allowing you to focus on the things you love rather than worrying about your car.

Vashisht said: “And, like other models on sale across the country, Hyundai STARIA MPV also benefits from the over 30 years of nationwide aftersales network facilities of Stallion Group, of which Hyundai Nigeria is a subsidiary.”

SOURCE:https://brandspurng.com/2024/08/18/hyundai-released-its-2024-staria-into-the-nigerian-market/

The Federal Inland Revenue Service (FIRS) Chairman, Zacch Adedeji, has revealed that his organisation has drafted an Executive Bill that will be submitted to the National Assembly to reform Nigeria’s revenue administration system, including regulation of the cryptocurrency sector.


At a stakeholders’ engagement with a joint committee of the National Assembly on Finance on Saturday at the Eko Hotel and Suites in Victoria Island, Lagos, Adedeji disclosed the information.

The FIRS chairman was quoted in a statement by Dare Adekanmbi, Adedeji’s Special Advisor on Media, available to BrandSpur national news brand, as stating that the bill’s objectives include streamlining tax laws, harmonising revenue collection, and attempting to replace outmoded tax laws with new ones that are in line with contemporary economic realities.



According to Adekanmbi: “By the special grace of the Almighty God, we will bring a bill for a law to overhaul the whole process of revenue administration in Nigeria. Part of what we intend to achieve with this is to harmonise revenue collection, making tax laws very simple to understand and to be in tune with our current realities.


“For example, the Stamp Duty Act was made in 1939 when there was no Internet connectivity or any of the features of modern society as we have it now. Even in 1939, states and local government councils had not been created,” Adekanmbi added.

Continuing, he went on to say: “So, we need to bring that law up to date. This is one of the reasons President Bola Tinubu set up the Taiwo Oyedele-led Fiscal Policy and Tax Reform Committee to look into all these laws and make recommendations.

“Today, we cannot run away from the cryptocurrency ecosystem because it is the in-thing. But as it stands in Nigeria today, no law regulates cryptocurrency operations. We need a law that regulates that area of our economy. This is why we are having this engagement with the legislators. We will regulate it in a way that is not injurious to the economic development of Nigeria.

“These are some of the things we are bringing together in an Executive Bill to overhaul revenue administration for the development of the country,” he added.

Adedeji said the revenue-collection agency is on track to meet the N19.4 trillion income target set for FIRS in 2024.

Adedeji had this to say: “We set a target of N19.4 trillion for ourselves. We are almost in the third quarter of the year and with the figures we are seeing so far, I can say we are on the path of achieving our target.”

The chairman of the Senate Committee on Finance, Senator Sani Musa, praised FIRS for setting up the stakeholders’ meeting and expressed the opinion that FIRS ought to be in charge of overseeing and collecting taxes for the Federation. He pointed out that the National Single Window program will help to solve the inefficiencies in revenue collection within the nation.

Musa disclosed: “This is another opportunity for us as lawmakers to listen, learn, and contribute on how best to support the FIRS to achieve its target. It is also an opportunity for FIRS to share its challenges, successes, and strategies for the future.

“By working together, we can ensure that FIRS is fully equipped to maximize not only the collection but also provide the needed resources for national development and public welfare,” Musa added.

The Adedeji’s leadership at FIRS was praised by his colleague in the House of Representatives, Honourable James Faleke, who was represented by Honourable Kalejaiye Paul. He thinks it’s a positive thing that FIRS and the National Assembly’s joint committee on finance work well together.

According to Faleke: “It is very important to note that everyone wants to go to heaven, but they don’t want to die. Everyone wants improvement and development in the Federation, but nobody wants to contribute to the purse. We are much more interested in sharing, but nobody wants to contribute, forgetting that the developed nations we talk about today were developed based on the resources that every citizen put into their purse.

“That, of course, is a task that is challenging for the FIRS. But I must commend the civility and professionalism by which the FIRS carries out its responsibilities because, in a time like this, the most difficult thing to do is to ask people to pay,” he added.

He went further to state: “Like the Chairman Senate Committee said, I want to say that the House of Representatives will be there for you all the time. We will cooperate and collaborate with you in moving Nigeria forward.”

SOURCE:https://brandspurng.com/2024/08/19/firs-drafts-executive-bill-to-give-national-assembly-seeks-to-reform-the-revenue-system/

Chivita|Hollandia (CHI Limited), a leading manufacturer of fruit juices, value-added dairy and snacks, has reaffirmed its market leadership by clinching top honours at the prestigious Africa’s Most Admired Brands Awards. The event, held at the Civic Center in Lagos, recognized brands within the Chivita|Hollandia (CHI Limited) portfolio.


Chivita 100% was celebrated as the Most Admired Natural Juice Brand, lauded for its exceptional quality and pure fruit extracts, free from added sugars, artificial flavours, and preservatives. Chivita Happy Hour a was honoured with the Most Admired Children’s Drink Brand award, while Hollandia Evaporated Milk was named the Most Admired Milk Brand of the Year.

The awards, organized by African Brands magazine, which is renowned for its impartial analysis and insights into African brands, the awards highlighted the significant achievements of the Chivita|Hollandia (CHI Limited) brands.

Chivita 100% fruit juice exudes the essence of nature in its most wholesome form, blending the convenience of modernity with nature’s bountiful offerings. Chivita Happy Hour is a range of refreshing fruit drinks that ensure every sip bursts with flavour guaranteed to keep you smiling. While Hollandia Evaporated Milk is made from the finest quality milk and provides a source of essential nutrients for daily nutritional needs, ensuring you stay ahead with dairy power.

Mrs. Toyin Nnodi, Marketing Director at Chivita|Hollandia (CHI Limited), expressed appreciation for the recognition, noting that the awards reflect the company’s unwavering commitment to excellence in product quality and consumer satisfaction.

“These awards inspire us to continue pushing the boundaries to meet consumer needs, align with their lifestyles, and enhance their experiences,” Nnodi stated.

The success of CHI Limited brands at the awards, underscores its dedication to quality, innovation, and customer-centricity, with a diverse range of products that cater to evolving consumer preferences.

SOURCE:https://brandspurng.com/2024/08/13/chi-limited-sweeps-top-honours-at-africas-most-admired-brands-awards/

The most successful company during the week of trading that concluded on August 9, 2024, was Oando Plc, which saw its share price settle at N40.60 after posting a 60.47% increase.


This comes as the NGX Banking Index increased by 5.14% over the course of the week, resulting in a N316.4 billion equity gain for banking equities.

The All-Share Index closed at 98,592.12 points this week, up 0.84% from previous week’s closing of 97,745.73, while the NGX gained 0.84% over the week. The NGX has had its finest week in the last three weeks this week.



Over the course of the week, 47,451 deals totaling 2.679 billion shares valued at N49.017 billion were transacted on the market. This is less than the N52.304 billion in shares that were traded in 44,814 trades last week, which totaled 3.393 billion.


The NGX Banking Index according to BrandSpur banking and finance news, had the best return throughout the week, with all other indices recording gains saved from the NGX Main Board and NGX Industrial Goods, which fell by 0.09% and 3.67%, respectively.

Oando’s 60.47% rise was not reflected in the growth of the NGX Oil and Gas Index, which increased by 0.97% over the course of the week.

Best-performing stocks this week:

Oando Plc, whose share price increased from N25.30 to N40.60, was the best-performing stock this week. The stock has gained 62.40% in August alone, and has gained 287% year to date, ranking it as the second-best gaining stock in the NGX this year.
Subsequently, RT Briscoe Plc had a 51.19% rise, Japaul Gold & Ventures saw a 35.80% gain, and Academy Press saw a 34.58% gain.
At 15.95, United Capital closed with a 31.28% gain. United Capital has gained 44.34% after the share price reconstruction brought about by the bonus share issuance that occurred on August 1.
Skyway Aviation Handling Company gained 26.47%, while Industrial and Medical Gases (IMG) Nigeria Plc gained 30.57%. Veritas Kapital Assurance ended the week at N1.18, having gained 24.21%.

Veritas Kapital Assurance is currently the third-best performing stock on the NGX for the year, having gained 219% so far. Mecure Industries gained 15.92%, and Nigerian Breweries gained 19.23%.
Top unprofitable: With a 15.68% drop in share price to settle at N2.77, Champions Breweries Plc was the biggest loser on the NGX during. Over the course of the week, BUA Cement saw a 9.99% loss in share price, closing at N128.90, while University Press saw a 9.92% decline, closing at N2.18.

Deap Capital fell by 9.62% to complete the week with a share price of N0.47, while Union Dicon Salt fell by 9.88% to close at N7.30.

AXA Mansard Insurance dropped by 6.85% to settle at N5.03, while Ikeja Hotel Plc lost 7.48%. Thomas Wyatt lost 6.25%, Fidson Healthcare lost 6.78%, and Sunu Assurances Nigeria dropped 6.67%.

Updates on SWOOT and FUGAZ

Zenith Bank gained 7.92% throughout the week, while GTCO Holdings had a 2% increase in share price, going from N45 to N45.90. MTN Nigeria recovered during the course of the week, gaining 5.16%. But BUA Cement suffered a 9.99% loss.

There were no price movements during the week for other stocks valued at over one trillion, including Airtel Africa, BUA Foods, Dangote Cement, Geregu Power, Transcorp Power, Transcorp Hotels, and Seplat Energy.

However, the overall sentiment among tier-1 banks was strong, as seen by UBA’s 14.71% weekly appreciation. FBN Holdings gained 9.76% and Access Holdings gained 5.38% respectively.

SOURCE:https://brandspurng.com/2024/08/12/oando-witnesses-60-47-increase-in-the-first-trading-week-of-august/

On Thursday, August 8, 2024, President Bola Ahmed Tinubu GCFR and Chief Dr. Innocent Chukwuma CON, the founder and CEO of Innoson Vehicle Manufacturing, had a fruitful meeting in the Aso Rock Presidential Villa in Abuja.


Chukwuma spoke about the future of Nigerian transport at the private discussions and reaffirmed his support for the Bola Tinubu administration’s Presidential CNG Initiative.

Chukwuma, who led the way in Nigeria’s production of CNG-powered cars, thinks the program is the best course of action for the nation.



He was excited about the government’s intentions to install CNG-powered buses, saying that the public will have more affordable transport options.


Chukwuma also pleaded with Nigerians to be patient with the Tinubu administration and to give them time to carry out their policies.

SOURCE:https://brandspurng.com/2024/08/09/innoson-vehicles-ceo-meets-president-tinubu-shows-support-over-presidential-cng-initiative/

On July 27, Golden Penny Soup Festival 2.0, which was supported by Golden Penny Semovita, My Soup’s top pick, turned the Ibadan Recreation Club into a gastronomic paradise and drew over 8,000 visitors.

With a variety of soup stalls serving beloved Nigerian dishes like Egusi, Banga, Ila Alasepo, and Efo Riro, all coupled with Semovita, the festival highlighted Nigerian cuisine.


In addition to food, the festival featured a wide range of events. The masses were amused with cooking and dancing competitions, and they learned culinary skills from workshops offered by famous chefs Geena, Amaka, and Dee. Fun for all ages was guaranteed with face painting and bouncy castles in a separate kids’ arena.

Along with musical performances by Crayon and Segun Johnson, hosts KieKie and Password further enhanced the event’s mood. In a Christmas lottery draw, a few lucky participants won cash, kitchen appliances, and gift packages.


The Golden Penny Soup Festival according to BrandSpur’s report, now in its second year of success, has made a name for itself as a lively celebration of music, community spirit, and Nigerian culinary traditions.

SOURCE:https://brandspurng.com/2024/08/10/golden-penny-soup-festival-2-0-witnesses-over-8000-visitors-served-numerous-nigerian-foods/

Underscoring its unwavering commitment to high operational standards and quality management systems, Egbin Power Plc, Nigeria’s largest power generation company, has been certified to three ISO standards.


The certifications are ISO 45001:2018 (Occupational Health & Safety Management System), ISO 14001:2015 (Environment Management System), and ISO 9001:2015 (Quality Management System). According to the Genco, the certifications further endorsed the management’s dedication to exceptional operations and processes.

The Chief Executive Officer of Egbin Power, Mokhtar Bounour, described the certification as a pivotal achievement for Egbin Power, as it further strengthens its position as a responsible corporate organisation and demonstrates the company’s commitment to creating a safe and healthy work environment, implementing environmentally friendly initiatives, and delivering best-in-class service in the power sector.

“This certification is a testament to our robust compliance with global best practices, as we implement and adhere to the highest standards in our operations, and also establish a comprehensive framework for managing occupational health and safety, environmental impacts, and quality processes,” Bounour said.


Speaking further, he reaffirmed that Egbin Power remains steadfast in its pursuit of excellence and will continue to invest in initiatives that enhance its performance in the power sector, noting that the company is committed to leveraging these certifications to drive continuous improvement and create sustainable value for all stakeholders.

According to the Genco, the ISO 45001:2018 certification validates Egbin Power’s robust occupational health and safety management system, ensuring the well-being of its employees and contractors. The ISO 14001:2015 certification recognizes the company’s commitment to environmental stewardship and sustainable practices, while the ISO 9001:2015 certification underscores Egbin Power’s dedication to delivering consistent, high-quality services.

The company’s Head of Quality, Health, Safety, and Environment (QHSE), Egbin Power, Julius Akpong, said the company has a deeply entrenched safety culture and effective management system that guide employees and the company’s operations, thereby ensuring excellence at all times.

“At Egbin Power, we have instituted a structured approach to occupational safety management over the years, while upholding workplace safety not just as a priority but as part of our core value, which affirms our Safety culture, Professionalism, Integrity & Discipline as well as Commitment to Stakeholders, Environmental Consciousness and Sustainability).

“We continuously standardise our processes and procedures as part of the effort towards strengthening operational safety and ensuring due diligence. Our focus has been the safety of people, equipment, environment, and materials, thereby leading to improved governance, enhanced operational excellence, and sustainability,” Akpong explained.

Egbin Power Plc is Nigeria’s largest power generation company, committed to providing reliable and sustainable electricity to the nation. With a focus on operational excellence and environmental responsibility, the company is driving the country’s power sector towards a brighter future.

SOURCE:https://brandspurng.com/2024/08/07/egbin-power-bags-triple-iso-certifications-reinforces-commitment-to-operational-excellence/

Amo Byng Nig Limited, a leading producer of poultry feed and concentrates, has commenced a strategic partnership with the Kwara State Government to bolster local soybean production, addressing the current shortage that is impacting poultry feed production across Nigeria. This collaboration was formally launched on July 16, 2024, and marks a significant step towards revitalizing the soybean industry.

The soybean shortage has led to increased feed production costs for poultry farming, as much of Nigeria’s soybeans are being exported. In response, Amo Byng Nig Ltd. is stepping in to support local farmers by providing essential farming inputs and committing to purchase the soybean at harvest. This initiative aims to stimulate local production, improve raw material availability, and reduce production costs.


As part of this pilot program, Amo Byng Nig Ltd. has equipped 300 farmers with inputs to cultivate soybean across 1,500 hectares in the Kaiama Local Government Area of Kwara State. The program encompasses four communities within the local government area. In support of this initiative, the Kwara State Government has allocated tractors to assist farmers with land preparation, enhancing the efficiency and effectiveness of the farming process.

Dr. Ayoola Oduntan, Group Managing Director of Amo Byng Nig Ltd., emphasized the importance of the partnership: “Addressing the soybean shortage is crucial for the poultry industry, as it directly impacts feed production. This partnership is vital for providing farmers with the necessary inputs and ensuring the purchase of their harvest. Our goal is to stimulate local production and alleviate the raw material shortage.”


Dr. Ayoola Belgore, Managing Director of Amo Byng Nig Ltd., highlighted the broader vision of the initiative: “While this pilot program marks a significant step forward, our vision extends beyond this initial phase. We are committed to expanding its reach and bringing its benefits to other states in the near future.”

Mr. Adedamola Adeyeye, Head of Business at Amo Byng Nig Ltd., underscored the comprehensive support provided to farmers: “Alongside providing essential inputs, we are dedicated to offering technical support and training throughout the production period to ensure farmers are well-equipped for success.”

Mrs. Oloruntoyosi Thomas, Kwara State Commissioner for Agriculture and Rural Development, showed appreciation to the company and reaffirmed the state government’s commitment to supporting the project and local farmers.

The event also saw the presence of key stakeholders including Mrs. Funke Sokoya, Permanent Secretary, Kwara State Ministry of Agriculture, Mr. Shuib Alawaye, Coordinator of Farmers Group, and Mr. Solomon Olawoyin, Kwara State Chairman of the Soybean Growers Association.

This partnership represents a significant advancement in agricultural collaboration and holds promise for revitalizing soybean production in Nigeria, paving the way for a more sustainable and cost-effective poultry feed industry.

SOURCE:https://brandspurng.com/2024/08/06/amo-byng-nig-ltd-partners-with-kwara-state-government-to-support-soybean-farmers/

SmartPay has introduced a new payment system that is expected to completely change the financial industry in an effort to revolutionise transaction processing.

Odebode Samuel Aderogba, the founder and CEO of SmartPay Digital Solution and Financial Services Limited, stated that the creative platform was created to solve the drawbacks and inefficiencies of conventional payment methods and to give people and companies a quicker, safer, and more convenient way to handle their money.

At the weekend’s SmartPay launch in Ibadan, Samuel Aderogba discussed the inspiration behind the development of the system.

According to him: “In an increasingly digital world, the need for secure, efficient and user-friendly payment solutions has never been more critical. SmartPay is not just another payment platform; it is a comprehensive solution designed to meet the evolving needs of consumers and businesses alike.”

Speaking further, he revealed SmartPay is: “A revolutionary step forward in how we manage and experience transactions,” adding that “our journey has been one of relentless innovation, rigorous testing and unwavering commitment to excellence.”

Aderogba went on to say that SmartPay wants to improve banking for both urban and rural residents.

He had this to say: “The future of banking in Nigeria is now beyond the four walls of the banks. As innovative technology emerges every day, financial technology is out to take over financial services.”

Claims hold that SmartPay, a payment solution that consists of a mobile payment software and point-of-sale (PoS) terminal, offers improved security, a user-friendly interface, and widespread accessibility.

Mukhtar Aderogba, who saw a live demonstration of the payment method, commented on the debut, saying: “Quality service delivery is the gap that SmartPay has come to bridge.”

BrandSpur banking and finance news discloses that Bictech Investments and Solutions Limited’s subsidiary is SmartPay Digital Solution and Financial Services Limited.

According to stakeholders, Nigeria’s electronic payments system can be used using electronic platforms such wire transfers, e-purse, debit and credit cards, automated teller machines (ATMs), point-of-sale (PoS) terminals, online payments, and mobile payments.

SOURCE:https://brandspurng.com/2024/08/05/smartpay-introduces-cutting-edge-payment-system-to-ease-transaction-process/

In a groundbreaking move to enhance food security and economic development, the Federal Executive Council has approved the Greener Hope National Agricultural Mechanisation Programme (GHAPP). Spearheaded by Origin Tech Group in collaboration with the Ministry of Agriculture and Food Security, GHAPP aims to revolutionize Nigeria’s agricultural sector, boosting productivity and creating sustainable growth.

The GHAPP programme, approved on June 25, 2024, signifies a quantum leap for Agriculture and it aligns with President Bola Ahmed Tinubu’s Executive Order declaring a state of emergency on food security. This programme targets the cultivation of 500,000 hectares of arable land, the adoption of advanced agricultural technologies, and the promotion of agro industrialization, while encouraging youth participation in agriculture.

The programme will establish modern agricultural mechanization service centres and hubs across 37 farming clusters. These centres will be equipped with state-of-the-art machinery provided by Origin Tech Group’s subsidiary, Origin Automobile Works. The programme will leverage technical partnerships from South Korea, Taiwan, and Brazil to produce and supply agricultural machinery and establish enterprise centers nationwide.



A key component of GHAPP is the comprehensive training and support of youths on modern agricultural techniques and equipment. This training will be conducted by the Federal Ministry of Agriculture and Food Security, the Chief of Defence Staff, and the National Security Adviser. Additionally, a digital gateway for tractor hailing and recruitment will be developed in collaboration with the Federal Ministry of Communications.

The programme emphasises modern infrastructure, including high-powered tractors, dozers, sprayers, drones, and large-scale silos. It will also establish equipment centres, data centers, and spare parts shops to ensure efficient management and maintenance. To ensure Sustainable Growth and Development the programme aims to be replicable and sustainable, extending support to smaller farms and involving international partners like Campo Brazil for expertise and assistance.

The programme presents as opportunity for economic and social impact, a significant step in transforming Nigeria’s agricultural sector, addressing the gaps left by previous administrations. By promoting advanced mechanization and capacity building, the programme aims to increase farmers’ wealth, mitigate urban migration, and secure Nigeria’s food future.

For over 25 years, Origin Tech Group has been a leader in providing innovative solutions across various economic sectors, including food systems, automotive, civil engineering, and construction.

SOURCE:https://brandspurng.com/2024/07/31/nigeria-embarks-on-agricultural-transformation-with-the-greener-hope-national-agricultural-mechanisation-programme-ghapp/

To strengthen agricultural extension officers and agents in Kwara State, Olam Agri, a Nigerian company in the integrated feed and protein business, is organising a two-day workshop called Agri-Extension Capacity Building Workshop in collaboration with the Kwara State Ministry of Agriculture.


On July 15 and 16, 2024, the workshop took place in Ilorin as revealed on the agricultural news in Nigeria.

An important step towards the general development of Kwara State’s agricultural industry was made possible by the platform it offered for giving extension agents the real-world information and abilities they need to assist farmers. Support was given at the workshop by high-ranking state government representatives, including Mrs. Oloruntoyosi Thomas, Commissioner for Agriculture; Mrs. Funke Sokoya, Permanent Secretary of the Ministry of Agriculture; Afolabi Temple, Press Secretary of the Ministry of Agriculture; and other directors. A total of 118 extension officers received training.



The significance of this empowerment was emphasised by Mr. Seyi Adesomi, Vice President of Manufacturing & Technical Services at Olam Agri, who said: “This workshop equips extension agents with the necessary skills to train farmers on essential practices like sustainable agriculture, post-harvest loss reduction, and farm mechanization.”


Continuing, he pointed out that the emphasis on soybean production is consistent with Olam Agri’s dedication to fostering the expansion of this important commodity in Nigeria.

The Kwara State Commissioner for Agriculture, Mrs. Oloruntoyosi Thomas, reaffirmed the state government’s steadfast dedication to guaranteeing food security and encouraging sustainable practices. She said: “We are committed to supporting our agricultural extension agents, who are critical in empowering our farmers. This workshop provides them with the necessary tools and knowledge to deliver effective extension services, particularly in soybean production.”

However, Olam Agri plans to commission a new soybean crushing facility in Kwara State in the upcoming months in addition to these initiatives. This facility will demonstrate Olam Agri’s dedication to promoting agricultural development and economic prosperity in the area by significantly increasing the local capacity for processing soybeans, generating employment, and strengthening the agricultural value chain in Kwara State.

SOURCE:https://brandspurng.com/2024/07/24/olam-agri-teams-with-kwara-state-ministry-of-agriculture-hosts-agri-extension-capacity-building-workshop/

Africa Oil Week (AOW) – an Africa-hosted oil and gas conference – will be acquired by Sankofa Events, a London startup created in July 2024, led by Paul Sinclair – former Government Relations Executive of Africa Oil Week.


Aimed at transforming the event, the acquisition will see the conference take a new direction as it continues to promote investment and development across the African energy sector. Representing the voice of the African energy sector, the African Energy Chamber (AEC) views this strategic acquisition as a critical step towards creating more inclusive dialogue regarding African energy matters. Under new ownership, AOW has the chance to redefine itself as an event that is not only African-based but African-driven.

For over 25 years, AOW has held an annual event in South Africa centered around supporting investment in African oil and gas projects. While the event has played a role in facilitating dialogue between African and global stakeholders, the decision to move the event to Dubai following the onset of the COVID-19 pandemic in 2021 brought to attention the lack of respect for the continent. While Africa – specifically South Africa – was well-equipped and fully capable of hosting an international conference in a safe and productive manner, the decision to take the conversation about African energy out of the continent effectively silenced and marginalized African voices. This was especially devastating given the fact that at a time when Africa most-needed investment, it was left out of the discussion.

The repercussions of AOW’s decision were far-reaching and damaging. It perpetuated the notion that African issues are better addressed outside of Africa, reinforcing harmful stereotypes and power dynamics. Moreover, it deprived African energy professionals, entrepreneurs, key players, policymakers and African citizens of a critical platform to drive progress. By prioritizing convenience and profit over principle and solidarity, AOW betrayed its commitment to Africa’s energy development. Despite the focus on many African countries and their potential in energy, most were unable to travel to the event due to COVID-19-related travel restrictions. As such, the move to Dubai was a painful reminder of the industry’s historical exploitation and neglect of African interests.


“To achieve its goals of becoming an electrified and industrialized economy, Africa needs collaboration, unity and partnerships. The decision to move AOW to foreign soil directly opposed all of these aspects. Sankofa Events has a unique and strategic opportunity to turn this conference around, addressing polarization and divisions perpetuated by previous ownership,” stated NJ Ayuk, Executive Chairman of the AEC.


Now, Sankofa Events – through its acquisition of AOW – aims to address this unjust decision head-on by transforming the event into an African-led platform. The acquisition not only creates the opportunity for a change in ownership but the introduction of fresh perspectives that align closely with Africa’s goals as a continent. Led by an African startup, AOW has the chance to redefine its narrative and play a more central role in driving impactful change in Africa.

“As a leading advocate for Africa’s energy development, the AEC looks forward to working with Sankofa Events to promote the continent’s energy potential, foster economic growth and enhance cooperation among African energy stakeholders. We believe that this new chapter for AOW will contribute to a more unified and prosperous energy community in Africa,” added Ayuk.

SOURCE:https://brandspurng.com/2024/07/20/sankofa-events-to-acquire-africa-oil-week/

By implementing USSD codes, banks like Moniepoint MFB have improved customer accessibility and made banking more easy for consumers around the country. You can always complete your financial tasks with a few taps, regardless of whether you have access to the internet or your mobile app.


You may bank anywhere, at any time, using the USSD code. It allows you to make seamless transfers, purchase airtime or data, check your balance, and block or unblock your account.

Is Using the Moniepoint USDD Code for Money Transfers Safe?



The digital news platform reports that by utilising the Moniepoint USSD code *5573#, you can send money to friends, family, or vendors without risk.


Do you have reservations about using your phone to do sensitive bank transactions? When utilising a USSD code for transactions, keep the following in mind:


Make sure your PIN is secure and don’t divulge it to any parties.
Make sure to conduct USSD transactions using the phone number you have registered.
To prevent erroneous transactions, make sure you verify the recipient’s information when using the USSD code.

The Moniepoint USSD code is a safe and secure method to transfer money, top-up airtime or data, check your account balance and block or unblock your account when used properly.

Why You Should Use the USSD Code for Moniepoint.

Using the USSD code *5573# for Moniepoint has numerous advantages. Among them are a few that are:

Convenience: Nothing ought to go in the way of a smooth transaction. You can carry out your intended financial activity using Moniepoint’s USSD code even if you don’t have access to a smart device or the internet.
Security: Moniepoint’s USSD code allows you to conduct secure transactions using your verified phone number and PIN. If you believe there has been fraudulent activity on your account or if you misplace your debit card, you can also block your account.
Reliability: You can use the USSD code to consistently access our dependable services, so you can relax.

Instant – Processing: To transact and see your funds reflected instantaneously, utilise Moniepoint’s USSD code.
Speed: When transacting, there is no need to wait around for longer than is necessary. In only a few minutes, you can transfer money, pay bills, and get in touch with customer service by calling the Moniepoint USSD code.
Cost-Effective: When doing transactions, you don’t have to worry about the price of data. To conduct activities without the internet, just dial *5573#.
How to Transfer using Moniepoint’s USSD code *5573#

Use the Moniepoint USSD code to conduct simple transactions by doing the following steps:

Enter your registered phone number when dialling the USSD code *5573#. – From the menu options that appear on your screen, select the Transfer option. – Enter the destination bank’s details together with the desired transfer amount.
You can search by inputting the bank’s first three letters or by scrolling through the list if you are unable to locate the desired bank on the list of banks.
You may verify the transaction information, including the amount, bank name, account name, and account number, if the phone number is linked to a single account. You then choose the account number to debit from a list of accounts if the phone number is linked to multiple accounts.
Proceed to input your PIN for the domain that the account is associated with.

After completing the process, a text message verifying the successful transfer will be sent to you.
The USSD number *5573# is just one of the convenient ways that banks like Moniepoint MFB are able to provide people with simple access to financial operations, all thanks to digital developments.

SOURCE:https://brandspurng.com/2024/07/17/moniepoint-adopts-ussd-code-improves-customer-accessibility/

Swedfund invests USD 30 million in Access Bank Nigeria Plc to reach underserved MSMEs (micro, small and medium enterprises) at scale. By providing long-term capital and capacity building to unbanked and under-banked companies in Nigeria, the investment is expected to support sustainable private sector development and inclusive growth.


Nigeria, with a population of 230 million, has an unemployment rate at a staggering 33%. Additionally, over half of the rapidly growing population is below the age of 30, which further exacerbates the need for job creation and workforce development. As Nigeria also copes with a multitude of crises, including insecurity, food shortages and inflation, the resilience and power of MSMEs is critical to driving sustainable development and reducing poverty.

— Swedfund’s investment aids in advancing sustainable private sector development, encouraging inclusive growth, and expanding access to finance. Access Bank, known for its strong market presence and with a committed MSME strategy, serves as an effective partner to reach MSMEs in need of financing in Nigeria, says Kitanha Toure, Regional Director of West Africa at Swedfund.

Access Bank is systemically important and well-positioned to reach a significant number of MSMEs in Nigeria. Swedfund’s investment will contribute to direct and indirect job creation and other tax-generating activities as well as improved access to finance for rural and underserved groups, female- and youth-owned companies.


Access Bank is eligible to meet the 2X Criteria, a global baseline standard for gender finance, and recognised as the best SME bank for women entrepreneurs in Africa.


The loan is part of a syndicate led by the Dutch development finance institution, FMO, with a total value of USD 295 million. The syndicate consists of other Nordic and European development finance institutions such as BII, BIO, Finnfund och Norfund.

SOURCE:https://brandspurng.com/2024/07/16/investment-for-enhanced-access-to-finance-for-msmes-in-nigeria/