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Verve Set To Reward Consumers With Free Fuel, School Fees In Verve Good Life Promo 4.0

Africa’s leading payment cards and digital tokens brand, Verve, has launched its highly anticipated 4th edition of the Verve Good Life Promo tagged ‘The Verve Good Life Promo 4.0’ to reward its cardholders with exciting gifts and cash prizes.

At the launch event held at Radisson Blu, Victoria Island, Lagos, the brand revealed that The Verve Good Life Promo will run for a six-month period from August 3, 2023 to January 31, 2024.

Verve cardholders stand a chance to win exciting prizes during the promo when they transact frequently with their Verve card on Automated Teller Machines (ATMs), Point of Sale (POS) terminals and online platforms such as Google Play Store and Storage, Netflix, Amazon Prime, Spotify, Microsoft, Facebook, Uber, etc. Specifically, Verve cardholders will be rewarded with cash prizes and other amazing prizes including free fuel, rent, school fees, among other exciting prizes.

Since inception in 2020, the Verve Good Life Promo has been an avenue for expressing gratitude to its esteemed cardholders by rewarding them with exciting gifts and cash prizes. In the spirit of continuous improvement, this year’s edition aims to elevate the excitement to unprecedented heights.

Over the course of the past editions, thousands of customers have been rewarded, making it an exceptional and truly rewarding experience for its cherished cardholders. Verve remains steadfast in its commitment to ensuring that its cardholders not only benefit from secure and convenient payment solutions but also get to live the good life.

Speaking at the event, Cherry Eromosele, Executive Vice President & Group Chief Marketing and Communications Officer, Interswitch Group, said the firm is committed to introducing initiatives that will not only improve cardholders’ experience across the various touchpoints, but also reward their loyalty.

She said “The Verve Good Life Promo holds a special place in our hearts as it allows us to give back to the customers who have been the backbone of our success. Beyond providing seamless and secure payment solutions to customers, we are committed to giving succor to cardholders and impacting the lives of Nigerians positively”.

Also speaking at the event, Vincent Ogbunude, Managing Director, Verve International, said “We are thrilled to witness the joy and excitement that this initiative has brought to thousands of Verve users across Africa. It motivates us to keep pushing boundaries and raising the bar to ensure that our customers truly live and enjoy the good life.”

For those without Verve cards but aspiring to enjoy the good life, Chidike Oluaoha, Group Head – Paytoken and Inclusio, Interswitch Group, encouraged them to seize the opportunity to request a Verve card from their respective banks. “By simply transacting twice weekly with their new cards, they qualify for a chance to win exciting prizes from the impressive array of incredible rewards”, he said.

As the 4th edition of the Verve Good Life Promo commences, Verve looks forward to continuing its tradition of celebrating and rewarding customers in the years to come.

NMA Declares Indefinite Strike Over Death Of Doctor

GSK Shuts Down Its Operations In Nigeria

GSK's Exit From Nigeria Is Sad - Peter Obi

GlaxoSmithKline (GSK) Consumer Nigeria Plc has announced that it will suspend operations after assessing the options for transitioning to a third-party distribution strategy for its prescription products.

GSK Nigeria revealed the move in a statement filed to the Nigeria Exchange Limited (NGX) on Thursday and signed by Frederick Ichekwai, the company secretary.

The business said it is working with its advisers to agree on future actions and plans to propose a scheme of arrangement to the Securities and Exchange Commission (SEC), which if granted, will see it return funds to shareholders except its parent company, GSK UK.

‘In our published Q2 results we disclosed that the GSK UK Group has informed GlaxoSmithKline Consumer Nigeria PLC of its strategic intent to cease commercialization of its prescription medicines and vaccines in Nigeria through the GSK local operating companies and transition to a third-party direct distribution model for its pharmaceutical products,” the statement reads.

“The Haleon Group has also separately informed the Board of its intent to terminate its distribution agreement in the coming months and to appoint a third-party distributor in Nigeria for the supply of its consumer healthcare products.

“For the above reasons, and having, together with GSK UK, evaluated various other options, the Board of GlaxoSmithKline Consumer Nigeria Plc has concluded that there is no alternative but to cease operations.

“Today we are briefing our employees whom we will treat fairly, respectfully and with care, meeting all applicable legal and consultation requirements.

“The Board is conscious that shareholders will have many questions; we have been working assiduously with our professional advisors to agree on next steps and we will be shortly submitting to the Securities and Exchange Commission (“SEC”) a draft Scheme of Arrangement which may, if approved, see shareholders other than GSK UK, receive an accelerated cash distribution and return of capital.

“The Board acknowledges the support of the GSK Group in its intentions to make this possible, full details of which we hope to publish shortly. In the meantime, however, we cannot give you assurance of the final terms of any scheme, or that any scheme will be approved by the SEC or by shareholders.

“Shareholders are advised to seek professional advice and continue to exercise caution when dealing in the company’s shares until a further announcement is made.”

Emirates Premium Economy Surges To Record 160,000 Customers Trading Up To Experience The Cabin’s Quiet Luxury

newly refurbished Emirates 777

Customers’ preference for the recently introduced Emirates Premium Economy has surged to a record high, with over 160,000 trading up, thereby setting new industry benchmarks in Premium Economy travel. Emirates is delightfully celebrating this banner first year of full-service operations with the highly popular cabin class, introduced in August 2022.

With strong demand momentum forecasted in the coming months, Emirates is providing travellers more opportunities to experience its highly-acclaimed Premium Economy product which is currently available on flights to 11 cities, with the list growing to 13 cities by the end of the year, as more retrofitted aircraft with refreshed cabins roll into scheduled service.

Since Emirates debuted its Premium Economy Class, customer response has been overwhelmingly positive with demand exceeding expectations and bookings growing month on month, demonstrating its appeal to a broad range of traveller segments who want to try out its understated luxury and meticulously elevated experience at great value.

Nearly half of customers flying in Emirates Premium Economy are solo travellers venturing off for holidays, while couples and families constitute the other half. More than 60% of customers who booked to fly in Premium Economy in the last year were also loyal Emirates Skywards members and regular customers of the airline.

Emirates currently flies its A380s with the latest Premium Economy cabins to London Heathrow, Sydney, Melbourne, Auckland, Christchurch, Singapore, Los Angeles, New York JFK, Houston, San Francisco and Dubai, with flights regularly registering full seat loads in Premium Economy. The airline plans to make Premium Economy available to customers flying to/from Mumbai and Bengaluru from 29 October, and additional cities will be announced soon. Emirates currently operates 20 aircraft fitted with Premium Economy, 14 of which were retrofitted in-house by the Emirates Engineering team in Dubai over the course of the last nine months.

Since August 2022, the airline has operated close to 4,500 flights with Premium Economy, traversing more than 36 million kilometres around the globe. On those flights, over 192,000 meals from its carefully curated menus which include the finest ingredients were served to customers who enjoyed regionally inspired, generously portioned dishes. Unique touches include indulgent desserts garnished with edible gold leaf, among other signature offerings.

Premium Economy menus are updated every month to ensure a diversity of flavours and dishes, especially for well-travelled customers. Over 126,000 pieces of chocolates were served to round off meals for Premium Economy customers. Emirates also served 6,700 kilograms of mixed nuts and 8,650 litres of complimentary fresh lemon and mint juices in Premium Economy. The airline’s robust beverage selection in Premium Economy includes a global exclusive for Emirates customers, Australian sparkling wine, Chandon Vintage Brut 2016, alongside a choice of a unique white and red wine.

The airline’s philosophy to constantly innovate and redefine service excellence through the introduction of Premium Economy has earned it numerous top placings and accolades in the cabin category at the 2023 Skytrax Awards, Business Traveller awards, Airline Ratings Excellence Awards, and 2022 Business Traveller Middle East awards.

In May, Emirates launched a global campaign with Academy Award winning actor and philanthropist Penelope Cruz, which also featured her enjoying the spacious seats in Premium Economy. The airline has also provided a glimpse of its Premium Economy offering through guided tours of the new cabin class to media and influencers, trade partners, airport, tourism and government officials across cities like Sydney, Melbourne, Auckland, Christchurch, Singapore, New York JFK and San Francisco.

The Premium Economy roll-out is a core component of the airline’s multi-billion-dollar retrofit programme which will see the interior upgrade on 67 Emirates A380 cabins, as well as 53 Boeing 777 cabins. By the end of the programme, over 4,000 Premium Economy seats will be installed, along with over 700 First Class suites and 5,000 Business Class seats refurbished with the latest interiors.

Nigerian Breweries Announces Price Hike On All Product

NGX Lists FG N130bn Sukuk Bond

FG To Issue Green Bond To Fund 2023 Budget

On Thursday, the Nigerian Exchange Limited announced the listing of the Federal Government’s N130 billion sovereign Sukuk via the Debt Management Office on its platform. According to the NGX, the offering was a 10-year 15.64 percent Ijara Sukuk due in 2032.

According to DMO, the sovereign Sukuk went on sale in November 2022 with a first offer of N100 billion and drew investor interest with a subscription level of N165.25 billion.

This constituted more than 165 percent of the total amount given, and N130 billion was set aside to accommodate more investors.The DMO also stated that the entire amount of sovereign Sukuk issued from 2017 to date was N742.56 billion, with the profits assisting in the building and renovation of over 75 roads and bridges around the nation.

“The listing of the N130bn sovereign Sukuk on the NGX will expand the range of financial offerings available to investors in the capital market. The opportunity to buy and sell the sovereign Sukuk will provide liquidity to investors and promote price discovery,” the DMO said.

Reacting to the development, the Divisional Head of Capital Markets at NGX, Jude Chiemeka, commended the DMO for their effective implementation and commitment to following due process in infrastructural financing.

He emphasised the significance of the sovereign Sukuk issuance and subsequent listing on NGX saying, “This listing demonstrates the Federal Government’s dedication to developing critical infrastructure through innovative and cost-effective financing structures.

NGX Equities Investors Make N41bn As NGX Balances

Naira Falls To N776.50 Over Small FX Supply

How Much Money Is Spent On Groceries In Nigeria, Other Countries?

On Thursday, the Nigerian native currency, the Naira, lost its battle against the leading foreign currency, the US dollar, in the foreign exchange market for investors and exporters.

As a consequence of a currency supply constraint in the market, the exchange rate closed at N776.50 per greenback. In midweek, the local currency rose 6.01% to N741.64 amid market consensus that the naira is undervalued following a major FX devaluation intended to converge different exchange rates.

Similarly, the Naira depreciated 1.14% versus the US dollar in the parallel market, reaching N885 after a continued surge in the global oil market.

Brent crude oil price jumped 0.79% to $83.86 per barrel Tuesday, marking a six-week high. In addition, WTI crude rose 1.13% to $80.39 a barrel on expectations of better demand in the United States following the reduction of big stocks.

Analysts said oil futures were higher as investors assessed the impact of Russia and Saudi Arabia’s prolonged output cutbacks, as well as the likelihood of better US demand following a record fall in US crude storage.

In other news, gold was trading at $1,937 per ounce (+0.18%) as investors remained cautious ahead of the US non-farm payroll report.

FAQs For The Verve Good Life Promo 4.0

Bonds Sale Lifts Yield to 13.27% As T-Bills Steady

FGN Bond For Jan. 2021 Oversubscribed

Trading in the fixed-income securities market was uneven on Thursday, as investors continued to optimize tactics for enhancing portfolio returns in the face of a lack of investment possibilities.

Bond sales continue, despite a lackluster transaction record in the secondary market for Nigerian Treasury bills due to tight liquidity in the banking sector.

Short-term benchmark market rates climbed marginally Tuesday, as signs of liquidity concerns emerged. The open repo rate rose 14 basis points to 1.07 percent. In addition, the overnight lending rate rose 21 basis points to 1.57%.

CardinalStone said in its market update that activity in the FGN secondary bond market was modest, with numerous benchmark players closing around their flat line. Nonetheless, experts reported minor selloffs in 23-MAR-2025 bonds. The selloff reached 66 basis points and ended at 9.62%.

Cordros Capital traders highlighted that throughout the benchmark curve, the average yield grew at the short (+14bps) and long (+2bps) ends, capturing the temperature in the secondary market for Nigerian bonds.

The drop was caused by asset/fund managers selling MAR-2025 (+67bps) and JUN-2053 (+20bps) bonds, respectively. At the mid-segment, the average yield remained steady.

The 10-year, 20-year, and 30-year FGN bonds held steady at 13.22%, 14.60%, and 14.96%, respectively. Overall, the yield curve expanded by four basis points to 13.27%.

Elsewhere, fixed income market analysts spotted that FGN Eurobonds faced depreciation across all tracked maturities, reflecting sustained bearish sentiment. This translated into an average secondary market yield increase by 10 basis points to 10.41%.

The Nigerian Interbank Treasury Bills True Yield observed a downward trend across most maturities, driven by demand pressure, which pushed yields lower, Cowry Asset Management told investors. Nonetheless, the average secondary market yield on T-bills remained at 7.01%.

Everyone Deserves To Breathe As Verve Unveils Good Life Promo 4.0 – Supporting Dreams

NGX Rises By N542bn As Investors Make Profit

Stock Exchange Closes Trading Week With N30bn Gain

On Thursday, strong demand for growth and value stocks on the Nigerian Exchange (NGX) drove key performance indicators higher, adding nearly N542 billion to investors’ wealth.

Following last week’s shift in market attitude, the local bourse continued the previous day’s purchasing activity, resulting in an increase in year-to-date return to 27.34%. Atlass Portfolios Limited informed investors in a market update that the market index, or All-Share Index, climbed by 995.70 basis points, or +1.55%, to close at 65,263.06.

Market activity was up overall, with a record level of hunting, keeping the previous tempo tight and clean despite the projection that the local bourse valuation will reach N36 trillion, having shook off lackluster results performance by several listed businesses.

In the market, total volume and total value traded increased by +34.62% and +19.14% respectively. Citing market results, stockbrokers told investors that approximately 445.28 million units valued at ₦5,087.09 million were transacted in 7,095 deals.

STERLINGNG was the most traded stock in terms of volume, accounting for 15.60% of the total volume of trades. The financial services group was followed by FCMB (7.49%), ACCESSCORP (7.41%), JAPAULGOLD (6.37%), and FIDELITYBK (6.19%) to complete the top 5 on the volume chart.

ACCESSCORP was the most traded stock in value terms, with 11.19% of the total value of trades on the exchange. STERLINGNG, NB, and PZ topped the advancers’ chart for today with a price appreciation of 10.00 percent each.

These popular stocks were trailed by CHELLARAM (9.96%), DANGSUGAR (+9.95%), NASCON (+9.95%), ABBEYBDS (+9.92%), and forty-three others. Ten stocks depreciated, according to trading results from the local exchange. ETERNA was the top loser, with a price depreciation of 9.83%, to close at ₦23.40.

JOHNHOLT lost 9.82%, THOMASWY fell by 9.40%, MCNICHOLS declined by 9.33%, COURTVILLE went downward by 9.09%, and STANBIC tumbled by 6.47% in the market due to selloffs.

Despite these, the market breadth closed largely positive, recording 50 gainers and 10 losers. Also, the market sector performance closed positive.

NGX trading records showed that four of the five major market sectors were up. The Banking sector gained 3.19%, followed by the Insurance sector (+2.48%), the Consumer goods sector (+2.24%), and the Industrial (+0.01%), while the Oil & Gas sector dropped by -0.57%.

Overall, equities market capitalisation swelled by ₦541.85 billion, representing a growth of +1.55%, to close at ₦35,515.13 trillion from ₦34,973.28 trillion yesterday.

FAQs For The Verve Good Life Promo 4.0

NIS Urges Nigerians To Avoid Niger Republic

NIS Urges Nigerians To Avoid Niger Republic

Mustapha Sani, the Comptroller of the Nigeria Immigration Service (NIS) in charge of the Jibia Special Border Command in Katsina State, has cautioned Nigerians not to travel to Niger Republic.

This is linked to the conflict in Niger Republic, which resulted from a coup. Sanctions have been imposed on the West African country as a result of the development.

He spoke during a joint celebration with the Katsina State Command of the NIS on Thursday to honor the service’s 60th anniversary.

“Nigerians should stay at home and not attempt to go to the Niger Republic until the embargo is lifted. And we are determined to return any Nigerien we catch who is planning to come to this country,” he said.

According to Sani, the Service is deploying men to patrol the Katsina border to help curb illicit migration from Niger Republic.

“Despite the fact that we are divided by colonial masters, we share certain things in common like religion and culture, and that doesn’t guarantee them to enter Nigeria without valid documents.

“We have already put our officers on alert and we have already deployed some to go and man the orthodox routes through which some of the foreigners use to enter into Nigeria and from what we have on the ground, we know it will be impossible for them to enter into Nigeria.

“We have already stationed our officers at strategic places for stop and search as usual.”

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FAAN Suspends Car Rental Service At Abuja Airport

FAAN Suspends Car Rental Service At Abuja Airport

The Federal Airports Authority of Nigeria (FAAN) has suspended car rental services at Nnamdi Azikiwe International Airport in Abuja “effective immediately.”

FAAN spokesman Abdullahi Yakubu-Funtua said in a statement on Thursday said that “This is as a result of the unresolved factional dispute amongst car hire operators, which has been affecting airport car hire service operations.”

The airport administration justified the ban by urging passengers to utilize “secured alternative modes of transportation or e-hailing services in and out of the airport.”

FAAN apologized for any disruption the suspension may give to valued passengers, airport users, and the general public.

“Normal car rental services will resume as soon as their differences are resolved,” the statement said.

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Stanbic IBTC Bank Launches Enterprise Online 2.0 Platform To Enhance Customer Experience

Output Returns To Growth, But Cost Pressures Limit Demand - Stanbic IBTC

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC has introduced its newly upgraded Enterprise Online 2.0 platform specifically designed to cater to the needs of businesses. The enhanced platform aims to provide business clients with an effortless and enhanced online banking experience.

The enhanced platform has undergone meticulous design to simplify banking processes and deliver an improved customer experience. It now offers a range of exciting features and new functionalities that are particularly beneficial to businesses.

The new Enterprise Online 2.0 has been enhanced with self-service options like password reset and unlock capabilities. These features empower businesses with greater control and flexibility, allowing them to regain access swiftly and independently to their accounts. By reducing the need for manual intervention, these self-service options enhance overall convenience for corporate customers.

Furthermore, the new platform which has a new user interface offers a Progressive App option, this option gives businesses direct access to the platform. With the Progressive App option, customers can download the platform’s App to their desktop and access it with the click of a button.
Other key features of the Enterprise Online 2.0 platform include beneficiary addition and deletion, enabling customers to add and delete beneficiaries with ease; quick links and search, as well as instant download of account statements.

The goal of the upgrade is to improve the overall customer experience, drive adoption, and enhance the platform’s usage among enterprise customers by offering additional benefits and introducing customer-friendly features.

Omolara Osunsoko, Head, Partnerships, Business and Commercial Clients, Stanbic IBTC Bank, expressed her enthusiasm for the Enterprise Online Platform’s new features and enhanced functionalities. She emphasised their potential to empower businesses, streamline operations, and optimise efficiency.

By meeting the evolving needs of corporate customers, the Enterprise Online 2.0 platform offers an enhanced banking experience that drives greater convenience, efficiency, and satisfaction for enterprises.

This enhanced platform perfectly aligns with Stanbic IBTC Bank’s mission to leverage technology and digital innovation for the delivery of superior financial services. By continuously improving its online banking offerings, the Bank aims to provide business enterprise customers with one-of-a-kind digital solutions that enable them to manage their financial operations seamlessly.

Why Governor Soludo Must Fulfil His Promise To Complete The Onitsha And Otuocha Water Schemes
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Why Governor Soludo Must Fulfil His Promise To Complete The Onitsha And Otuocha Water Schemes

As citizens, we place immense trust in our leaders to deliver on their promises and work diligently to improve our communities. However, when those promises remain unfulfilled, it is not only a betrayal of trust but also a missed opportunity to uplift the lives of countless individuals who eagerly await positive change. In the case of the Onitsha and Otuocha water schemes, the clock has ticked for 15 long months, and it is high time that Professor Soludo, the once-promising leader, fulfils his commitment to these vital projects.

Water is a resource that should be accessible to all, regardless of one’s social or economic standing. In Anambra, the completion of the Onitsha Water Scheme and the Otuocha Water Scheme is long overdue. Charles Soludo, in his manifesto document, promised to finish these crucial projects within 12 months. However, it has been over 15 months, and not a single step has been taken towards their completion. It is imperative for Governor Soludo to keep his promise and ensure that the people of Onitsha and Anambra East Local Government Area have access to clean, safe water.

The Onitsha Water Scheme was initiated to provide clean and safe water to over 1.4 million people, while the Otuocha Water Scheme aimed to benefit one million residents. These schemes were meant to alleviate the suffering of countless individuals who have been deprived of this basic necessity for far too long. Yet, despite the dire need for clean water in these areas, the projects remain stagnant, and the people continue to suffer.

Governor Soludo’s recent tour of the abandoned water projects in Onitsha and Otuocha brought to light the state of neglect and decay that these schemes have fallen into. The Greater Onitsha Water Scheme, Nkisi, and Water Board Government House in GRA Onitsha are all haunting reminders of unfulfilled promises. It is disheartening to witness the potential of these facilities go to waste while the people of Anambra yearn for a steady supply of clean water.

The closed gate of the non-functional waterboard

The tour served as an opportunity for Governor Soludo to witness firsthand the urgent need for action. Encroachments on public water facility land in Onitsha were also addressed during the visit, highlighting the importance of protecting these vital resources from unauthorised occupation. However, these efforts will remain futile if concrete steps are not taken to complete the water schemes themselves.

Access to clean and safe water is not a privilege; it is a right that every citizen deserves. Without it, individuals are exposed to numerous health risks, and communities suffer from reduced productivity and economic growth. The lack of progress on the Onitsha and Otuocha Water Schemes is hindering the development of Anambra and denying its residents a basic human necessity.

As concerned citizens, we have taken action by starting a petition on change.org, which has garnered the support of 1,743 signatures and counting. This overwhelming response demonstrates the shared concern for the completion of these water schemes. We implore Governor Soludo to listen to the voices of the people, honour his promise, and prioritise the well-being of the citizens he serves.

Governor Soludo has the opportunity to make a lasting impact on the lives of millions of people in Anambra. By completing the Onitsha and Otuocha Water Schemes, he can fulfil his commitment to the people who placed their trust in him. We urge him to take immediate action, allocate the necessary resources, and collaborate with relevant stakeholders to expedite the completion of these projects.
The time for promises and rhetoric has passed. It is time for action.

The completion of the Onitsha and Otuocha Water Schemes is not just a matter of fulfilling a political promise; it is a matter of human dignity and the well-being of an entire population. Governor Soludo, the people of Anambra are waiting for you to turn your words into deeds and bring clean, safe water to their homes, their communities, and their lives. Let us not allow empty promises to dampen the hopes of a better future for Anambra. The time for change is now.

We urge all citizens to sign our petition to hold Governor Soludo accountable for his promise and to demand the immediate completion of the Onitsha and Otuocha Water Schemes. Let us come together and demand that Governor Soludo keeps his promise and completes the Onitsha and Otuocha Water Schemes. Sign the petition today and make your voice heard.

This Article was written By Sheidu Habib, Olatunde Dare, Opemipo Adebanjo and Adeyinka Adeleke

7 Affordable Plant-Based Protein Sources

Enterprise CEO Launches Applications For The Prestigious 100 Under 40 CEO Awards

Enterprise CEO, an enterprise media platform committed to the projection of ideas and changes that enable enterprise CEOs achieve new possibilities, is thrilled to announce the official opening of applications for the esteemed Enterprise CEO 100 Under 40 CEO awards. 

This prestigious award is dedicated to recognising young, innovative, and visionary business leaders who have demonstrated outstanding acumen, driving their enterprises to new heights.

The EnterpriseCEO 100 Under 40 CEO awards aim to identify and honour the brightest minds in the business world, those who have displayed exceptional leadership, innovation, and dedication in their respective industries. 

EnterpriseCEO’s Head of PR and Events, Tumilara Amosu explained that the recognition serves as a testament to their remarkable contributions, inspiring not just their peers but the entire business community.

“Our idea at EnterpriseCEO is to empower the next generation of leaders who are transforming industries and driving positive change worldwide,” 

“The 100 Under 40 CEO awards will shine a spotlight on those who embody the spirit of entrepreneurship, innovation, and resilience.”, she said.

Applying for the prestigious EnterpriseCEO 100 Under 40 CEO awards is a seamless process. Aspiring young leaders are invited to visit the official website at https://enterpriseceoaward.com/ and complete the application form. 

The submission should highlight their professional accomplishments, outline their enterprise’s growth trajectory, and present their strategic vision for the future.

Joining the esteemed EnterpriseCEO 100 Under 40 CEO community comes with a range of unparalleled benefits, that include recognition to gain national and international acclaim as one of the top young CEOs in the business world; unlocking exclusive opportunities to connect with influential industry leaders, potential partners, and visionary investors; enjoy amplified exposure and prominence for both the CEO and their enterprise on a global scale, and have access to specialised resources and mentorship programs designed to elevate leadership capabilities.

Tumilara further mentioned that the selection process will be rigorous, with a panel of distinguished business experts meticulously evaluating each application, adding that the assessment criteria encompass financial growth, innovation, community impact, and the strategic vision presented by the applicants.

She called on prospective business owners not to miss out on the unparalleled chance to shape the future of business alongside the most influential young CEOs.

“The EnterpriseCEO 100 Under 40 CEO awards provide a platform for transformative leaders to inspire others and create lasting impacts.”, she pointed. 

The application window for the Enterprise CEO 100 Under 40 CEO awards is limited, so aspiring young CEOs are encouraged to mark their calendars and submit their applications before time.

SAP & EPI-USE Launch Africa’s First AppHaus, Boosting The Continent’s Innovation Capabilities

SAP & EPI-USE Launch Africa’s First AppHaus, Boosting The Continent’s Innovation Capabilities

The SAP AppHaus Network is a community of global locations that are driven by SAP and its partners. Each AppHaus is connected through the conviction that innovation requires five ingredients to flourish: a diverse team, a human-centred approach to innovation, a creative space, a supportive and agile leadership, and the right technology. The network helps ensure that creative spaces and innovation services are available to organisations that use SAP solutions, regardless of their geographic location.

EPI-USE was chosen as the first AppHaus partner in Africa in 2022, with a dedicated team undergoing intensive training in key AppHaus methodologies over the past few months. The company has been an SAP partner for 40 years, developing deep domain knowledge and technical expertise in SAP technologies and supporting clients in their innovation and digital transformation journeys.

Situated in Pretoria, the AppHaus joins 22 other global locations in key SAP markets. It provides a human-centred approach to innovation, access to a multi-disciplinary team of technology, business and innovation experts, and a creative environment.

Tracy Bolton, Chief Operating Officer at SAP Africa, says the opening of Africa’s first AppHaus is a landmark moment for innovation within the continent’s SAP ecosystem. “Through the expert guidance of our valued partners at EPI-USE and by leveraging SAP’s skills and technology, we hope to support African organisations as they explore innovative solutions to some of the great challenges of our time. We look forward to working with EPI-USE as they apply AppHaus methodologies in service of innovation over the coming years.”

Jhani Coetzee, Technical AppHaus Lead at EPI-USE, says: “The AppHaus’ human-centred approach and SAP’s Business Technology Platform combine to help companies deliver innovation in a systematic, efficient, and effective way. Our dedicated team is ready to help African enterprises develop innovative solutions to their business and innovation challenges.”

Africa’s first AppHaus is a 250m2 dedicated space that can host workshops for up to 50 people and includes four separate meeting areas. Moveable design-thinking tables, and walls which can be written on, support the hands-on approach that is unique to an AppHaus experience. The room set-up can be adapted to suit clients’ individual needs.

Duke Mathebula, Board Chairman: African SAP User Group, says: “By leveraging design-led innovation centres such as the newly launched APPHAUS at Epi-Use Labs,  customers gain access to a user-centric approach, co-creation opportunities, and expert guidance from skilled professionals. This initiative accelerates project development, supports digital transformation, and facilitates networking within the Africa SAP community. Epi-Use Labs is showing their commitment to SAP’s strategy to empower African businesses with tailored solutions and their dedication to advancing innovation on the continent.”

Coetzee adds that clients engaging with the local AppHaus have the opportunity to be part of a unique experience. “Customers can host their workshops at a lodge in the Madikwe Game Reserve and augment their AppHaus experience with life-centred design in the African bushveld. We believe this will be particularly valuable for companies exploring innovation in sustainability, by creating an opportunity to draw inspiration directly from nature. This is an offering completely unique to Africa and will allow clients to understand the bigger picture of their developed solutions and innovation initiatives.”

Africa’s first AppHaus is open to SAP customers across the continent. For more information about AppHaus, please visit https://apphaus.sap.com

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7 Affordable Plant-Based Protein Sources

7 Affordable Plant-Based Protein Sources

It is very essential that we include protein and the other classes in our meals, they provide us with the nutrients that we need. Without them there could be a deficiency.

According to Better Health Channel ‘Protein is an essential component of a healthy diet. Proteins are composed of chemical ‘building blocks’ known as amino acids.’

The amino acids gotten from protein are used by the body to create and repair muscles and bones, as well as to produce hormones and enzymes. Protein is also a source of energy.

Lack of protein is a deficiency of protein some of which includes kwashiorkor, edema, fatty liver, lack of muscle mass, stunted growth in children.

The economy may be harsh, you could be on a budget or be a vegetarian, but guess what there are alternatives.

Thanks to nature and farmers, there are plant-based protein that you can include in your meal and they are affordable.

Here are 7 Affordable Plant-Based Protein Sources

1. Soy

Soy is one of the major sources of protein in plants and it can be used in meals or liquid form. Soy milk, soy beans and other forms of soy are rich in protein and should be consumed. Soy contains all of the essential amino acids the body needs.

soy

2. Lentil

Lentil is a great source of protein to add to a meal. Lentil is packed in protein, fiber, iron, and a variety of critical vitamins and minerals.

Lentil

3. Tofu

Tofu is high in protein and contains all the essential amino acids your body needs. It is a high-protein, nutrient-dense food that includes all of the key amino acids your body need.

4. Peanuts

Peanuts are rich in protein, fat, and various healthy nutrients. Peanuts are an excellent source of many vitamins and minerals. These include biotin, copper, niacin, folate, manganese, vitamin E, thiamine, phosphorus, and magnesium.

Peanuts

5. Almonds

According to a research by Healthline, almonds are proteinous. Aside from being high in protein, almonds are also high in antioxidants. These plant components protect the body from oxidative stress caused by free radicals, which can lead to aging, heart disease, and several malignancies.

Almonds

6. Chickpea

Chickpea is a wonderful source of plant-based protein, making them an excellent diet for vegetarians and vegans.

Chickpea is high in protein, which may help with weight management and bone health.

Chicpea

7. Broccoli

Broccoli is low in calories and high in minerals and antioxidants that are beneficial to many aspects of human health. It is also a good source of protein.

Broccoli
FAQs For The Verve Good Life Promo 4.0
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FAQs For The Verve Good Life Promo 4.0

School Resumption: Verve Partners Skit.ng To Give Cardholders Discount, Free Delivery

Verve, the leading financial services provider, has announced the launch of its latest offering, the Good Life Promo 4.0, delivering unparalleled rewards and exclusive benefits to its esteemed customers. Here are things you should know about the promo.

What is the Verve Good Life Promo?

The Verve Good Life promo is an initiative of the Verve Card Scheme that allows the brand to reward active and prospective Verve cardholders with exciting rewards every year for their continued patronage and loyalty to the Verve brand.

What is the objective behind the Verve Good Life Promo?

The Verve Good Life Promo was created to connect Verve cardholders and Nigerians in general to the good life, by meeting their desires for the good things of life. Verve is on a mission to create a life of ease for Nigerians and that has inspired the Good Life Promo. Every year for the past three years, Verve has maintained its commitment to rewarding cardholders as well as prospective customers.

What should Nigerians expect from this year’s edition?

This year’s edition, as with every other edition, was crafted with Verve cardholders in mind, and the focus is on meeting their pressing needs. This year’s edition will therefore see Nigerians rewarded with items such as fuel, rent, and school fees, among other exciting prizes that address the existential needs of Nigerians at this time.

To ensure the impact of the promo is felt by as many people as possible, no single consumer can win more than twice. Verve cardholders can look forward to an exciting time as the promo seeks to impact the lives of Nigerians positively. Promo will run from August 3rd, 2023 to January 31st, 2024.

Is Verve partnering with other brands on this edition of the Verve Good Life promo?

At Verve, we believe in forming strategic partnerships that drive value for our customers. This is exemplified in our current partnership with Google that enables Nigerians to make purchases on the Google Play Store using their Verve cards. The Good Life Promo is no different. We are partnering with reputable brands across the country, including the Nigerian National Petroleum Corporation (NNPC) Limited, to ensure effective distribution of promo rewards to as many Nigerians as possible.

Verve is also partnering with the Commercial Banks and Non-Financial Institutions, among others.

What are the eligibility criteria for partaking in the Good Life Promo?

Participating in the Verve Good Life Promo 4.0 is quite easy. All Verve cardholders are automatically eligible to take part in the promo. To participate, all that customers would need to do is to make two extra transactions per week. It’s as simple as that. In essence, if you currently make six transactions in a week, intentionally make two extra transactions, and you stand a chance to be a winner.

Customers who do not have Verve cards but desire to enjoy the good life can take advantage of the promo by asking their respective banks for a Verve card.

How will the winners of the promo be selected?

Selecting winners is a crucial process that requires transparency and the involvement of regulatory bodies such as the National Lottery Regulatory Commission (NLRC), Federal Competition and Consumer Protection Commission (FCCPC), Lagos State Lottery Board, among others, and at Verve we take that responsibility very seriously.

Winners of Free Fuel will be selected bi-monthly, while winners of the other prizes will be selected monthly via a raffle draw, and this will be conducted in the presence of regulatory agencies including the Federal Competition and Consumer Protection Commission (FCCPC), the National Lottery Regulatory Commission (NLRC) and the Lagos State Lottery Board to ensure a fair draw is executed.

How did you come about the choice of the rewards for the promo?

At Verve, we are particular about the satisfaction and wellbeing of our consumers, to this end, we always seek consumer feedback and insights via various forms of research endeavors and consumer engagements.

The idea of this promo and the choice of rewards (as always) came from a research exercise we did to understand the pain points of our consumers and how Verve can support them.

We have seen communication materials on the Verve + Google partnership. Does it mean consumers can now pay for their Google Play, Storage and YouTube subscriptions with a Verve Card?

Consumers can now pay for their Google Play subscription and storage in Naira with their Verve Card. Google and Verve are quite excited about this partnership and are exploring the possibility of ensuring that Verve is accepted across all Google platforms as soon as possible.

Where can interested Nigerians get more details about the Good Life Promo?

All interested Nigerians can learn more about the Verve Good Life Promo by visiting the Verve website: https://myverveworld.com and by following Verve on all social media platforms: Verve on Twitter @Vervecard, Instagram @Vervecard and Facebook @Verve.

Everyone Deserves To Breathe As Verve Unveils Good Life Promo 4.0 – Supporting Dreams

Everyone Deserves To Breathe As Verve Unveils Good Life Promo 4.0 – Supporting Dreams

Transact With Your Verve Card and Get Rewarded

Verve, the leading financial services provider, is thrilled to announce the launch of its latest offering, the Good Life Promo 4.0, delivering unparalleled rewards and exclusive benefits to its esteemed customers.

Building upon the success of previous editions, Good Life Promo 4.0 promises to elevate lifestyles and create unforgettable experiences for Verve’s loyal customers.

This promotion is a testament to Verve’s commitment to enhancing the everyday lives of our community especially in present times.

The Good Life Promo 4.0 features an array of enticing rewards, exclusive privileges, and personalized offers, tailored to match each customer’s preferences and interests. With a focus on providing exceptional value and unforgettable moments, Verve aims to strengthen its bond with customers and foster lasting relationships.

“At Verve, our commitment has always been to provide the best financial solutions and exclusive rewards to our valued customers. With the launch of the Good Life Promo 4.0, we aim to raise the bar even higher, delivering unmatched benefits and experiences,” said Cherry Eromosele, EVP/CMO, Interswitch group.

“We believe this latest promotion will offer an exceptional experience, filled with exclusive rewards and unforgettable moments for our valued customers as we believe that everyone deserves to breathe.”

The Good Life Promo 4.0 is available to all Verve cardholders, enabling them to embark on a journey of financial freedom while enjoying a good life filled with remarkable privileges.

FAQs For The Verve Good Life Promo 4.0

Eudoratech Unveils SmartHR To Revolutionise The HR Industry

German Company Introduces Producers To Innovative Technology

Fast rising tech company, Eudoratech has announced the launch of its ground breaking software, SmartHR, designed to provide solutions to the many challenges bedevilling the HR industry and the ever-evolving workplace.

The software was described by guests present at the launch during the 2023 edition of ICTEL Expo, in Lagos, as a leading innovation offering AI and predictive analysis capabilities to revolutionise how HR practitioners prepare for the future of work.

The CEO of Eudoratech, Tunde Success Osideko, who is himself a Senior HR manager with over 20 years of experience, during the unveil, highlighted some of the key features of the solution including its ability to employ advanced intelligence to analyse data, predict employee attrition, and recommend strategies to help users make well informed decisions. The software also streamlines recruitment processes, identifies top candidates and provides valuable insights into employee performance, engagement, and potential flight risks, empowering users to take proactive measures to retain and nurture top talent.

Asked what makes the software a viable solution for the industry, Osideko explained that SmartHR was designed as an answer to the challenges the industry currently faces and more importantly, the ones it will face in the future. He stressed that it is important that practitioners recognise the strength of technology and artificial intelligence and lend themselves to the many possibilities it offers.

“I am delighted at the response we are getting to this laudable innovation. The team has put tremendous effort and expertise into creating not just a software but a solution that tackles the complexities of today’s HR challenges and also prepares organisations for the workplace of tomorrow. For starters, we have two features; Smart Enquiry which is an AI-powered communication tool that encourages enterprise communication both internally and externally.  Another is Smart Shortlisting which helps clients to sift through applications to identify the most promising candidates using advanced algorithms and machine learning’ he said.

He added that the software will also offer a performance management system that encourages continuous improvement and personal development, that can align employees’ goals with the organisation’s vision while adaptive learning platform equips employees with the skills they need to excel in their roles, promoting a culture of continuous learning and growth within the organisation.

Eudoratech is an industry-leading AI technology company specialising in developing cutting-edge solutions for businesses across various sectors. Combining innovation, expertise, and an unwavering commitment to excellence, Eudoratech continues to shape the future of AI-driven tools, empowering enterprises to thrive in a digital age.

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NGX Equities Investors Make N41bn As NGX Balances

SEC Warns Nigerians Against Investing In FinAfrica, Poyoyo

Equities investors on the Nigerian Exchange (NGX) enjoyed an N41 billion gain midweek after selling rallies that drove the market index down following a slew of disappointing earnings reports from listed businesses.

The local bourse saw a substantial positioning in value and growth tickers, bringing year-to-date return to 25.40% – still ahead of an annual inflation rate of 22.79%. The local bourse’s data revealed an upward trend in the market index. The Nigerian Exchange All Share Index, in particular, gained by 75.16 basis points to settle at 64,267.36 points..

However, stockbrokers said that market activity was lower. The overall volume and value traded fell by 56.60% and 44.62%, respectively. Atlass Portfolios Limited said in its market update that about 330.78 million units valued at $4,269.70 million were exchanged in 6,251 transactions.

TRANSCORP was the most traded stock by volume, accounting for 17.79% of total transaction activity. The conglomerate was followed on the volume chart by FBNH (8.45%), ETI (6.44%), ACCESSCORP (6.26%), and CHAMS (5.13%).

According to the local bourse’s trading data, FBNH was the most traded stock in terms of value, accounting for 11.78% of the total value of trades on the exchange. >>>> Nigeria’s economic crisis is being exacerbated by the depreciation of the naira.

NASCON, ABBEYBDS, and CHAM topped the advancers’ chart for today with a price appreciation of 10.00 percent each. These gainers were trailed by SKYAVN (9.96%), DANGSUGAR (+9.93%), CHELLARAM (+9.77%), SUNUASSUR (+9.72%), and twenty-four others.

Stockbrokers said twenty-six stocks depreciated, where THOMASWY and TIP were the top losers, with a price depreciation of -10.00% each to close at ₦1.17 and ₦0.72, OMATEK (-9.76%), MBENEFIT (-9.43%), LASACO (-4.62%), FIDELITYBK (-4.52%), and AFRIPRUD (-2.36%) also dipped in price.

Today, equities market breadth closed negative, recording 31 gainers and 26 losers while sector performance closed positive.

Three of the five major market sectors were up, which includes the Industrial sector (+0.22%), the Consumer goods sector (+0.16%), and the Insurance (+0.04%), while the Banking sector dropped by -0.35%. The Oil & Gas sector closed unchanged.

Overall, equities market capitalisation advanced by ₦40.90 billion, representing a growth of +0.12%, to close at ₦34,973.28 trillion from ₦35,932.38 trillion the previous day.

A Nigerian Student’s Water App Wins At The Xylem Ignite Global Student Innovation Challenge

Nigerian Breweries Announces Price Hike On All Product

Nigerian Breweries Reports Strong Performance With 84% Increase

Nigerian Breweries has announced a price rise on all of its goods from August 10, 2023, so citizens of the nation who turn to alcoholic beverages for solace amid the country’s economic crisis may need to look to other options.

Nigerian Breweries claimed that the price increase was required to offset the effects of the ongoing increase in input costs.

“This is to inform you that we will review the prices of some of our SKUs (Stock Keeping Units) effective Thursday 10th August 2023. This review has become necessary because of continued rising input costs and the need to mitigate the impact,” the letter signed by Ayo Lawal, the company’s sales director said.

A few of the well-known beer beverages produced by Nigerian Breweries are Star Lager, Gulder, Legend Extra Stout, Heineken, Goldberg, Life, and Star Radler.

Additionally, they manufacture non-alcoholic beverages such Malta Gold, Maltina, Amstel Malta, Fayrouz, and Climax Energy Drink.

While appreciating its partners, Lawal said, “In appreciation of our great partnership and your commitment, we will deliver at current prices all open orders that are fully funded and created in our system before 00.00hr on Thursday 10th August 2023.”

With inflation reaching 22.79 percent in June and the managed float of the forex market leading to the naira exchanging for as high as N869/$ at the I&E window last week Thursday, companies like NB PLC have faced significant challenges.

Nigerian Breweries announced N70.6 billion in forex losses as of June 30, 2023, in their half-year financial statements. This has put the world’s largest brewery in a difficult financial situation due to increased production costs and continuously rising raw material prices.

International Brewery recorded a loss of N2.31 billion in the first quarter of 2023, in contrast to N0.72 billion in the first quarter of 2022, while Nigeria Breweries, a subsidiary of Heineken NV, experienced a loss of N10.715 billion in the first quarter of 2023, compared to a profit of N13.61 billion in the first quarter of 2022.

“Nigeria’s alcohol landscape has expanded, and Nigerians have shown an increasing interest in exploring a wider range of spirits – from gin to cognac and whisky,” Clifford Egbomeade, an analyst in Nigeria’s beer industry said.

A Nigerian Student’s Water App Wins At The Xylem Ignite Global Student Innovation Challenge

Tinubu’s Policy Approval Rating Is Twice Buhari’s: Stears Reveal

Tinubu Vows To Tackle Nigeria's Challenges

The newly introduced Stears Approval Rating (SAR) reveals that despite multiple policy changes, President Bola Tinubu’s policies have received twice as many approvals from respondents compared to those of the previous administration.

Stears conducted a statistically significant, state-wide poll to understand public sentiment in the wake of a storm of policy reforms implemented by the current administration. The inaugural Stears Approval Rating sampled 519 respondents across Lagos’ 20 local government areas. 

The SAR is built from responses to 25 questions about socioeconomic policies, living conditions, institutional trust and voter status. Interviews were conducted in English, Pidgin English, and Yoruba, and lasted an average of 10 minutes.

“After Stears’ proprietary estimation model correctly predicted the outcome of the 2023 presidential elections, we wanted to continue to build on the application of data in governance and beyond. Particularly, we’re excited about how the SAR captures subtle fluctuations in consumer sentiment,” explains Tokunbo Afikuyomi, Economist at Stears.

Senior Governance Analyst, Joachim MacEbong, expressed the importance of paying attention to the survey results. He stated, “The Stears survey offers a valuable glimpse into the concerns of Nigerians, and it is clear that urgent action is needed to ease the cost burdens on citizens. Our poll showed that 42% of Lagosians are pessimistic while 32% said they were optimistic about the country’s direction.”

Figure 1.1

President Tinubu wins over Buhari’s disaffected.

When asked what they think of the social and economic policies of both the current administration and the past Buhari administration, only 12% approve of the previous administration’s policies, while 50% disapprove. For the current administration, 27% approve, with 33% disapproval. The 50% disapproval of the previous administration’s policies indicates its policy missteps.

Figure 1.2

Petrol subsidy removal

The removal of the petrol subsidy, which saw Premium Motor Spirit  (PMS) go from ₦185/litre to ₦490/litre in Lagos overnight, is less popular. 58% disapprove, with only 32% approving of the decision. Stears completed data collection before the increase from ₦490/litre to ₦568/litre.

Figure 1.3

The foundation of three Indices

Based on the data collected for the Stears Approval Rating, Stears built three indices; The Approval Rating Index spotlights the public’s approval of implemented and potential future policies, Stears Confidence Score gauges trust in institutions, which is essential for mobilising citizens, and finally,, the Consumer Expectations Index is used to track how optimistic consumers are about the future, indicative of their future spending.

71% of respondents believe they will live better in a year. 

Stears used responses to questions about future expectations and Nigeria’s direction to construct the Consumer Expectations Index. Most (59%) feel worse off than they did a year ago. The silver lining is that 71% of respondents think they will be doing better in a year. 

Figure 1.4

We used a normalised scale of 0 (low expectations) to 100 (high expectations), and the Consumer Expectations Index score was 63. This index is designed to inform decision-makers about how optimistic consumers feel about the future. 

“What we’ve done in Lagos lays the groundwork for more comprehensive indices that we plan to build from our data collection efforts in Africa soon. We continue to demonstrate how business leaders and policymakers alike can use data to understand what comes next before it happens,” said Yvette Dimiri, Director of Stears Insights.

The Stears Policy Approval team is multidisciplinary, with leadership from Joachim MacEbong and Tokunbo Afikuyomi. The team combines technical expertise across economics and governance alongside gold-standard data collection, analysis and visualisation. 

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