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10 REASONS WHY MTN WAS THE MOST TALK ABOUT BRAND IN THE ICT SECTOR IN 2015 (MUST READ)

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9 years ago

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MTN_PIX_(1)[1]MTN_PIX_(8)[1]

The ICT sector was a beehive of activities with the successful launch of many products, services, projects and initiatives targeted at improving the lives of its loyal customers and clientele in 2015.
MTN Nigeria, leading ICT and Telecommunications giant was not left out as it rolled out new innovative products and services as it continued to provide operational support to key sectors of the economy like banking, E-commerce, oil and gas and others. The positive impact was clearly visible and beneficial to its customers and Nigerians in general.
Below are ten projects and activities that made MTN the most-talked about brand in the ICT sector in 2015.
1.  MTN Foundation at 10 Anniversary:

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One of the many ways through which MTN Nigeria shone brightly in 2015 was the impact it made, and has continued to make through its CSR vehicle, MTN Foundation. Founded in 2005, the foundation positively impacts the lives of many Nigerians through its several activities and amazing works. Supported by MTN with 1% of its Profit after Tax annually, several life-changing initiatives have been deployed with project partners and state governments in 550 locations country-wide to improve the lives of ordinary Nigerians in Health, education, economic empowerment and Arts, culture and entertainment.

Apart from consolidating on existing projects by widening the pool of beneficiaries through its scholarship program, disability support project, EYEris project, school furniture donations, donation of dialysis and mammography machines across General Hospitals in the country which have positively impacted thousands of lives, the Foundation also launched its ‘What Can We Do Together’ initiative where Nigerians were invited to participate in and partner with MTN to identify and select areas of need requiring attention and support by socially responsible organisations like MTN. As a result of this collaborative process, 200 communities have benefitted from boreholes, transformers, school furniture and donation of household items for orphanages. MTNF has invested over N18bn on social investment projects countrywide.
In its bid to complement government’s efforts at providing succour to the needy, MTN Foundation also distributed relief materials to three Internally Displaced Persons’ (IDP) camps in North East, Nigeria in 2015.
The relief materials, meant to provide succour and restore hopes, were distributed to displaced persons in Government College, Maiduguri, Borno State; NYSC Camp, Yola, Adamawa State and Poponari Camp, Damaturu, Yobe State. The relief materials included mattresses, pillows, bed sheets, pillow cases, bathing soaps, disinfectants, cooking pots, kerosine stoves and cartons of noodles.
Other significant interventions of the foundation in the year were the sponsorship of two popular dance dramas – Kakadu and Wakaa, The Musicals. The sponsorships were targeted at promoting and enhancing creativity in the Nigerian performative guild. The energy, creativity and the world class quality of the performances over a 5-day period generated rave reviews and a national buzz towards the end of the year.
Finally, as part of its continuous efforts at creating awareness on the importance of early detection of breast cancer among women, the foundation also sponsored series of events across Nigerian cities in 2015 ranging from ‘Awareness Walks’ to polo tournaments.

 

2. MTN Project Fame 2015:

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One of the enduring and most impactful ways through which MTN has been transforming the lives and empowering West African youths is the MTN Project Fame West Africa. For the past eight years, MTN Project Fame has been taking young talents off the streets and leading them to fame, stardom and economic empowerment. Many of them have moved on to establish profitable businesses and create jobs and employment for others. Some of the most commercially successful musicians in Nigeria today are alumni of the Project Fame Academy. The 2015 edition saw an 18-year-old Jeffrey Akoh winning the music empowerment competition, smiling home with a N5 million cash prize, one-year recording contract and a SUV.

 
3. MTN Best 11 Trutalk Win A Home Promo:

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This promo generated a lot of buzz and excitement for MTN in 2015. The promo which was tied to the number ‘11’ afforded 11 customers on its network to address a human need- Shelter and own three bedroom houses worth N15m each (or cash equivalent). The houses were showcased by Lamudi Nigeria, through its vast array of developers. Also, every day, 24 people won N11,000 cash every hour.

 

 

 

4. MTN Tech+:

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The MTN Tech+ congregated an ecosystem that promoted cutting-edge technologies through education, enterprise and innovation in the African Market through exhibition. As a major partner for the event, MTN used it as a platform to showcase its ICT credentials through high-tech demos and workshops. It also used the intervention to launch an innovative payment system called ‘MTN Token.’ This is a mobile phone service offering a single means of authentication for online services with high and comforting levels of assurance.

5. MTN Music+ Anniversary:

 

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The MTN Music+ anniversary was an innovative engagement platform called ‘Noiseless party’ put together to celebrate artistes and music lovers, while celebrating its success story since the past 18 months. This was the first of its kind in Nigeria and the event created a very high ‘talkability’ on blog sites and social media platforms.
6. Sponsorship of Christian and Muslim Customers:

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MTN Nigeria made huge impact in the lives of some of its Christian subscribers as it sponsored over 20 customers on an all-expenses paid trip to Jerusalem for the year’s pilgrimage. The Muslim customers were not left out. 20 of its Muslim customers were also sponsored on an all-expenses paid trip to Mecca to fulfil some of their religious Hajj obligations. MTN has been sponsoring its Muslim and Christian customers to pilgrimages since 2008.

7. MTN Prestige Launch:

Another initiative that put MTN in the spotlight was the launch of ‘MTN Prestige.’ The company celebrated its High Value (HV) customers, 100 CEOs and captains of industry. They were treated to a night of alternative music at a prestigious musical event tagged ‘MTN Prestige’. The high point of this event was the launch of MTN Prestige, a loyalty and reward programme for its HV customers. They will enjoy a broad range of cost optimization, lifestyle and business benefits among others.
8. MTN Golf:
For many years, MTN has sponsored the annual World Golfers Championship (WGC) and other golfing competitions. The tournaments have proven to be viable and reliable platforms for customer engagement and interactivity and equally reinforced its role as an enabler of socio-economic development across several fronts in Nigeria. Golfers and enthusiasts of the sport were treated to an impressive and exciting tournament in 2015.
9. MTN Polo:

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The MTN Polo 2015 was another talking point for the telecoms leader. The event converged lovers of polo. MTN’s involvement in the promotion of Polo and other sports in the country made the Nigerian Polo Federation (NPF) President, Francis Ogboro, to shower encomiums on MTN. Through its charity gesture, the MTN UNICEF Charity Shield international polo tournament made a N5 million donation to UNICEF with respect to its campaign against HIV/AIDS pandemic among Nigerian children.
10. NCC fine on MTN:
The imposed N1.04 trillion ($5.2 billion) fine on MTN by the Nigerian Communications Commission over its failure to disconnect SIM cards with incomplete registration was another talking point in the country. The company which has been the industry leader was sanctioned for failing to disconnect 5.1 million lines from its network. Meanwhile, MTN filed a suit at the Federal High Court, Lagos, challenging the fine.

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Sahara weekly online is published by First Sahara weekly international. contact [email protected]

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Wema Bank Announces Grand Finale of Hackaholics 5.0: Set to Reward Winners With ₦75 Million Worth of Prizes

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13 minutes ago

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November 15, 2024

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*Wema Bank Announces Grand Finale of Hackaholics 5.0: Set to Reward Winners With ₦75 Million Worth of Prizes

 

 

Wema Bank, Nigeria’s foremost innovative financial institution and pioneer of Africa’s first fully digital bank, ALAT, has announced the grand finale of the 5th edition of its flagship youth and startup-focused tech competition, Hackaholics.

Launched in 2019, Wema Hackaholics is a groundbreaking initiative designed to harness the creativity and entrepreneurial spirit of Nigeria’s youth, providing them with a platform to turn their tech-driven ideas into reality. The highly anticipated Hackaholics 5.0 grand finale will take place on November 27th, 2024, under the theme, “Meta Idea: Capitalizing Africa’s Growth Through Innovation.” This year’s theme aims to showcase how tech-driven solutions can fuel Africa’s development by tapping into the continent’s growth potential through innovation and digital transformation.

The grand finale will bring together the brightest innovators from universities and tech communities across the country. These innovators will pitch their Digi-Tech solutions designed to solve real-world problems and contribute to Africa’s economic and social progress. The event promises to be the culmination of months of intensive competition, collaboration, and mentorship, providing a platform for youth-led tech ideas to reach new heights.

Announcing the date of the grand finale, Moruf Oseni, MD/CEO of Wema Bank, highlighted the bank’s vision for Hackaholics. “Hackaholics is more than a competition; it is a movement to equip Nigeria’s youth with the skills, networks, and resources needed to drive Africa’s digital transformation. The Meta Idea theme for this year is a call to action for young innovators to think beyond the present and design solutions that will capitalize on Africa’s growth. We are excited to see how our participants envision and build the Africa of tomorrow.”

Speaking on the prizes, the MD/CEO said “At the grand finale, participants will compete for exciting cash prizes, grants, and access to Wema Bank’s extensive network of investors, mentors, and industry experts. The total worth of prizes for this year is ₦75,000,000. The winning team will receive ₦30,000,000, the first runner-up will receive ₦20,000,000 and the second runner-up will receive ₦15,000,000 worth of prizes. Additionally, we will be awarding a special grant of ₦10,000,000 worth of prizes to the female-led team to encourage gender diversity in tech innovation.” He concluded.

Wema Bank’s Hackaholics is a testament to the Bank’s commitment to shaping Africa’s future through innovation and entrepreneurship. Hackaholics 5.0 began with a nationwide call for entries earlier in the year and has engaged over 10,000 aspiring tech innovators and entrepreneurs across Nigeria. With 2,297 applications across 8 physical pitch centers and 1 virtual pitch center, 34 innovators across all locations are set to pitch their ideas at the pre-pitch stage ahead of the grand finale scheduled to hold in Lagos.

Through Hackaholics, Wema Bank has provided a platform for youth to channel their creativity and entrepreneurial spirit into actionable tech solutions that address Africa’s most pressing challenges. Over the years, Hackaholics has grown into one of the largest and most influential tech competitions in Nigeria, impacting thousands of young minds.

The competition not only offers winners cash prizes and grants, but also access to mentorship, industry networks, and resources to help scale their innovations globally. This initiative is a key part of Wema Bank’s broader strategy to harness technology as a driver of socio-economic growth in Africa.
Interested individuals can register to attend the grand finale via https://hackaholics.wemabank.com/grandfinale

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ATMs empty as banks ration withdrawals

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1 day ago

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November 14, 2024

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ATMs empty as banks ration withdrawals

ATMs empty as banks ration withdrawals

 

The Automated Teller Machines of Deposit Money Banks have consistently remained empty in recent months as banks grapple with a sustained low cash supply.

It was also gathered on Wednesday that some DMBs, particularly in the Federal Capital Territory, have begun another round of cash rationing, restricting maximum over-the-counter withdrawals to a daily limit between N5,000 and N20,000.

While banks struggle to get cash, Point-of-Sales operators have been fulfilling the cash needs of customers.

Speaking at the Facts Behind the Rights Issue Presentation of FBN Holdings at the Nigerian Exchange Limited recently, the Executive Director/Chief Financial Officer of First Bank, Patrick Iyamabo, said that the matter was an industry-wide one and not peculiar to a specific bank.

He said, “It is an industry problem. Most customers after exhausting the options available in other banks, tend to settle at FirstBank to address their cash needs. The challenge differs by location but we know it is a challenge that the regulator is looking into to address. But as we speak of physical cash, we must appreciate that the direction of the industry is to go digital.

“A lot of our customers do most of their transactions digitally, and you heard the GMD speak to this, very often people don’t want to transact in cash. In terms of this new order, your bank, FirstBank is very well positioned so if you look at the statistics and I’m speaking to independent statistics, just pick up your NIBSS report, the bank with the most stable platform meaning availability to always transact digitally is FirstBank. So, all our customers have the benefits of having their cash in First Bank and having access to this cash anytime anywhere and as necessary. It’s a huge advantage.”

Speaking anonymously with The PUNCH, a banker at a tier-1 bank put the blame on the Central Bank of Nigeria.

“It is what CBN has given us that we are using. We are confined within the limits of what is available to us. Also, because we are a big operation, we have to deal with many other businesses.

“Have you also noticed that there is a boom in the PoS business? Those people don’t take their money to the banks. The money comes out of the banks and it stays within their circle. They warehouse their funds, unlike you and I who would withdraw money and spend it which will eventually find itself back into the formal banking system. It is not the same with them. They warehouse their funds and distribute it among themselves.”

According to data from the CBN, currency outside the banks hit N4.02tn in September from N3.86tn in August. This brings it closer to the value of currency in circulation which stood at N4.31tn in September.

Meanwhile, some PoS operators on Lagos Island have increased their charges from N200 for cash of N10,000 to N300.

This was observed at both the CMS bus stop and at Obalende. However, off Lagos Island, the rates had remained at N200 for cash withdrawal of N10,000.

It was further gathered that banks have begun cash rationing, restricting maximum over-the-counter withdrawals to a daily limit between N5,000 and N20,000.

Findings by The PUNCH showed that the development is gradually leading to cash shortage, as many ATMs were non-functional, leaving customers with no choice but to seek alternative means of withdrawing cash.

As a result, many people have turned to Point-of-Sale operators, who have become the primary channel for cash withdrawals, albeit often at higher transaction fees.

Major commercial banks visited by one of our correspondents on Wednesday claimed not to have sufficient cash allocation hence the ration withdrawals to serve more customers.

The banks visited include Guaranty Trust Bank, Zenith Bank along Airport Road, and EcoBank at Jabi in Abuja.

A bank customer at EcoBank, who spoke without mentioning her name, said she was only allowed to withdraw N5,000 from N20,000 previously allowed.

“I was just informed that I can only withdraw N5,000 from my account. Can you imagine? The amount will can’t even take me home.”

Our correspondent received the same answer when he attempted to obtain cash.

At GTBank and Zenith Bank along the airport road, customers were permitted a maximum withdrawal of N20,000 from N100,000 previously disbursed as a daily limit.

 

A customer, Mr Faith, who visited the bank expressed shock about the new limit. He said the banks didn’t give any cogent reason for reducing the withdrawal limit.

“I just visited these banks, and I was informed that I can only withdraw N20,000 from N100,000, which was the previous limit. They didn’t even give any reason for reducing, now I have to start looking for cash elsewhere. This country is just so annoying,” He vented.

Cash scarcity became a recurring and widespread issue across Nigeria after the Central Bank of Nigeria introduced a controversial policy in January 2023, which significantly reduced the daily and weekly cash withdrawal limits to N100,000 daily, N500,000 weekly for individuals, and N5m for business entities.

This decision, aimed at encouraging a cashless economy, led to long queues at ATMs, increased difficulty in accessing physical cash, and a general disruption of daily financial transactions for millions of Nigerians.

The policy’s impact was felt particularly by those in rural areas and lower-income groups, who rely heavily on cash for their day-to-day needs, exacerbating economic hardships across the country.

Last week, data from the CBN showed that currency in circulation climbed 56.1 per cent year-on-year to reach N4.31tn, up from N2.76tn in September 2023, reflecting an increase of N1.55tn.

This is just as currency outside banks surged by 66.2 per cent in September 2024, reaching N4.02tn compared to N2.42tn in September 2023, a notable rise of N1.60tn in just one year.

This indicates that the volume of currency retained outside the banking sector outpaced the total released for circulation within the past year.

Compared to August 2024, currency in circulation rose by 4.0 per cent month-on-month, adding N166.2bn from the previous figure of N4.14tn.

The CIC is the amount of cash–in the form of paper notes or coins–within a country that is physically used to conduct transactions between consumers and businesses. It represents the money that has been issued by the country’s monetary authority, minus cash that has been removed from the system.

Earlier in September, the CBN announced plans to sanction banks that fail to dispense cash through their automated teller machines, as part of efforts to improve cash availability in circulation.

The CBN also revealed plans to release an additional N1.4tn into circulation over the next three months to ease cash flow within the banking system.

This strategy aims to ensure that ATMs and bank branches have sufficient cash, addressing ongoing challenges faced by customers over cash shortages.

Efforts to get a reaction from the apex bank on the new situation proved abortive as the acting Director, Corporate Communications, Sidi Ali Hakama, did not respond to enquiries sent to her phone number.

 

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NNPCL Makes New Leadership Appointments

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1 day ago

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November 14, 2024

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NNPCL Makes New Leadership Appointments

NNPCL Makes New Leadership Appointments

 

The Board of Directors of Nigerian National Petroleum Company Limited (NNPCL) has just made fresh leadership appointments.

A communication by Olufemi Soneye, Chief Corporate Communications Officer of the nation’s oil company, announcing the development reads…

The Board of Directors of NNPC Limited is pleased to announce a series of strategic leadership appointments. These changes
reflect our continued dedication to enhancing corporate governance, improving operational efficiency, and ensuring long-term success in Nigeria’s energy sector.

The following key appointments have been made:
1. Mr. Adedapo A. Segun has been appointed as the Chief Financial Officer (CFO). Mr. Segun previously served as the Executive Vice President, Downstream, where he made significant contributions to the company’s downstream operations.
2. Mr. Isiyaku Abdullahi has been named Executive Vice President (EVP), Downstream.
3. Mr. Udobong Ntia has been appointed Executive Vice President (EVP), Upstream.

These appointments align with NNPC Limited’s commitment to building a unified and competent leadership team to drive operational excellence and support the organization’s strategic objectives.

The Board and Management also extend their deepest appreciation to Mr. Umar Ajiya and Mrs. Oritsemeyiwa A. Eyesan for their outstanding dedication and service to NNPC Limited.

NNPC Limited remains committed to achieving operational excellence, enhancing global competitiveness, and ensuring financial sustainability, while prioritizing the interests of the Nigerian public in the petroleum industry.

Olufemi Soneye
Chief Corporate Communications Officer
NNPC Limited
November 13, 2024S

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