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Kuru AMCON Boss Wins New Telegraph ‘Public Integrity Awards 2021’

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Right-Left: Lagos State Governor Mr. Babajide Sanwo-Olu; publisher of New Telegraph Newspapers and former Governor of Abia State Senator Orji Uzor Kalu; Ogun State Governor Prince Dapo Abiodun; Head, Corporate Communications of Asset Management Corporation of Nigeria (AMCON) Mr. Jude Nwauzor who represented AMCON MD/CEO Mr. Ahmed Kuru and Head, Corporate Banking, First Bank Nigeria Mr. Osahon Ogieva at the annual New Telegraph Newspapers Awards, which held at the weekend at the Federal Palace Hotel, Victoria Island, Lagos State

…As Lagos State Governor Mr. Babajide Sanwo-Olu, Ogun State Governor Prince Dapo Abiodun, AMCON Mr. Jude Nwauzor who represented AMCON MD/CEO Mr. Ahmed Kuru, and Head, Corporate Banking, First Bank Nigeria Mr. Osahon Ogieva Won Awards at the annual New Telegraph Newspapers Awards, which held at the weekend at the Federal Palace Hotel, Victoria Island, Lagos State

Olushola Okunlade Writes

The Managing Director and Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON) at the weekend won the maiden edition of the New Telegraph Newspapers “Public Integrity Award 2021.” 

The organisers said the AMCON Boss was selected from a large poll of public servants that are heading different Ministries, Departments, and Agencies (MDAs) of the government across Nigeria because of his commitment, dedication, uprightness, and patriotic zeal that he has gone about the recovery drive from AMCON obligors who owe Nigeria a currently outstanding debt of over N4.4trillion. 

New Telegraph Newspapers said the honoured Kuru and some other notable Nigerians in keeping with its commitment to rewarding individuals and businesses in Nigeria that have distinguished themselves by their remarkable contributions to the development of the country in both the public and private spaces in Nigeria. 

The management of New Telegraph led by Ayodele Aminu said it decided to organise the annual awards in the firm belief that such a reward system has the twin effect of galvanizing and inspiring awardees towards greater excellence, while also helping to incentivize others to aspire to such distinction.

R-L: Lagos State Governor Mr Babajide Sanwo-Olu; publisher of New Telegraph Newspapers and former Governor of Abia State Senator Orji Uzor Kalu; Ogun State Governor Prince Dapo Abiodun; Head, Corporate Communications of Asset Management Corporation of Nigeria (AMCON) Mr Jude Nwauzor who represented AMCON MD/CEO Mr Ahmed Kuru and Head, Corporate Banking, First Bank Nigeria Mr Osahon Ogieva at the annual New Telegraph Newspapers Awards, which held at the weekend at the Federal Palace Hotel, Victoria Island, Lagos State
Right-Left: Lagos State Governor Mr. Babajide Sanwo-Olu; publisher of New Telegraph Newspapers and former Governor of Abia State Senator Orji Uzor Kalu; Ogun State Governor Prince Dapo Abiodun; Head, Corporate Communications of Asset Management Corporation of Nigeria (AMCON) Mr. Jude Nwauzor who represented AMCON MD/CEO Mr. Ahmed Kuru and Head, Corporate Banking, First Bank Nigeria Mr. Osahon Ogieva at the annual New Telegraph Newspapers Awards, which held at the weekend at the Federal Palace Hotel, Victoria Island, Lagos State.

The awards which, was received on behalf of the AMCON MD/CEO by Jude Nwauzor, Head, Corporate Communications Department of the Corporation held at the weekend at the Balmoral Event Center, Federal Palace Hotel, Lagos. 

Top of the list of winners are Governor of the Central Bank, Mr. Godwin Emefiele, President of the Senate, Senator Ahmed Lawan, Lagos State Governor, Mr. Babajide Sanwo-Olu, and Abia State Governor, Mr. Okezie Ikpeazu, and the Borno State Governor, Prof Babagana Zulum. 

The rest include Governor, Mr. Samuel Ortom of Benue State; Ogun State Governor, Prince Dapo Abiodun, Governor of Ekiti State and Chairman of the Nigerian Governors Forum, Dr. Kayode Fayemi, and the Kogi State Governor, Mr. Yahaya Bello, and a host of others.

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Sterling One Foundation Wins CSR Award of Excellence

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Sterling One Foundation Wins CSR Award of Excellence

Olushola Okunlade Writes

Sterling One Foundation has won AS+A Communications’ Award of Excellence for Corporate Social Responsibility in recognition of its positive impact across Nigeria.

As part of its annual award ceremony and commemoration of its Managing Director’s 70th birthday, AS+A Communications awarded the Sterling One Foundation its Corporate Social Responsibility Award of Excellence at an event held in Lagos recently.

The award presented by the company’s Managing Director, Mrs. Adenike Shobanjo, was in recognition of the foundation’s developmental legacies in the areas of health, education, and environment, in partnership with its corporate partner, Sterling Bank.

Mrs. Shobanjo during her opening remarks explained that her company hosts this annual event because of how important it considers social impact work and the role that corporate organizations play in ensuring that the transformation it brings is widespread and has long-term effects.

While presenting the award to Sterling One Foundation, she applauded the efforts of Sterling Bank in setting up the Foundation and empowering them to make a lasting impact in society.

She further charged businesses operating in the country to prioritize corporate social responsibility for the development of the nation.

In her words, “There are influential, well-placed, and endowed Nigerians who sit in their closets without any care for the underprivileged. This event is to encourage them to come out and join us in building a just and egalitarian society.”

“This award is in recognition of all the successes that Sterling has achieved over the years as a socially responsible organization, most especially in areas of health, education, and agriculture,” said Shobanjo.

Accepting the award, the CEO of Sterling One Foundation, Mrs. Olapeju Ibekwe, thanked the organizers while stressing the organization’s focus to contribute to the achievement of the Sustainable Development Goals (SDGs), as a way of improving the livelihood of Nigerians and Africans living in underserved communities.

She said that Sterling One Foundation’s focus areas; education, health, climate action, gender equality, and food security are all critical areas that require urgent attention for progress to happen.

She went on to highlight that; “In 2023, the Sterling One Foundation plans to focus on expanding its education programs to reach more out-of-school children, train and fund at least 100,000 youths, plant 10 million economic trees and adopt key primary health centers in at least 10 states through key partnerships.”

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Promoting Private Sector Investments; IFC Visits BUA Cement HQ In Lagos

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Promoting Private Sector Investments; IFC Visits BUA Cement HQ In Lagos

By Moninuola Sulaiman

Abdul Samad Rabiu, CFR, CON, Chairman, and Founder of BUA Group today received a delegation from the International Finance Corporation led by Sérgio Pimenta, Regional Vice President for Africa, at the BUA Cement HQ in Lagos State.

Left-Right: Abdul Samad Rabiu, Chairman, BUA, in a discussion with Sérgio Pimenta, Regional Vice President for Africa, International Finance Corporation (IFC) during a working visit of the IFC to BUA Cement HQ in Lagos.

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E-Commerce Trends In Nigeria For 2023

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E-Commerce Trends In Nigeria For 2023

Olushola Okunlade Writes

The rise of digital commerce has given birth to new ways for e-commerce retailers to improve their businesses and deliver an exceptional customer experience.

This is due to the industry’s constant adaptability to meet new demands and opportunities to create a seamless shopping experience by offering consumers a wide variety of products and services and finding new ways to connect with consumers through digital storefronts.

As a business owner or someone involved, staying current with market trends is critical to capitalize on upcoming opportunities and lessen the impact of potential disruptions.

Over the last three years, e-commerce has significantly grown, pushing millions more consumers to shop online. In 2023, the e-commerce industry is set to slowly take over the world, as revenue in the market is projected to reach US$9.02 billion in 2023.

Here are some of the most significant and disruptive e-commerce trends that could be adopted to enhance customer experience while also expanding businesses:

The Rise of Social Commerce

A trend that is expected to gain momentum in 2023 is the use of social media for e-commerce. Many businesses in Nigeria are already using platforms like Facebook and Instagram to sell their products, but this trend is expected to increase in the coming year as social media is a powerful tool for reaching potential customers and building brand awareness. Businesses that take advantage of this trend will be well-positioned for success.

The Rise of Omnichannel

Shoppers are no longer limited to a single device or channel as they research products, compare prices, complete a sale seamlessly across channels, and flip between devices without losing their place in the purchase journey. According to the National Communication Commission (NCC), 89% of internet users make purchases online, with another 24% planning to do so in the near future.

This trend has led many e-commerce platforms, like Jumia, to ensure that their channels can be accessed regardless of the platform or channel. As a result, consumers can log in to their accounts through the app or website on any device of their choice. This ease of shopping is expected to contribute to an increase in online sales.

Seamless Payment Options

Nigeria’s economic policy is gradually shifting towards cashless payment, with digital and electronic banking being implemented nationwide. Furthermore, following the announcement of the new withdrawal limit by the Central Bank of Nigeria, more transactions are expected to be conducted electronically.

This demand for electronic transactions has attracted payment facilitators from all over the world as Nigeria’s online commerce and financial technology industries are strengthened by a fast-growing youth population, expanding consumer power, and increased smartphone penetration. This is especially important for small businesses that use payment solution providers to ease the payment process for their customers. Payment Solutions Service Providers, like JumiaPay, can take advantage of these opportunities in the market.

Beyond this, payment solution providers, like JumiaPay, would also benefit from offering services for electricity bills payment, TV subscriptions, and airtime/data recharge to their consumers.

Consumer Personalization

Another important trend in 2023 is the increasing use of artificial intelligence and machine learning in e-commerce. These technologies can help businesses personalize their customer interactions, improve the accuracy of their recommendations, and make more informed decisions.

Personalizing a customer’s online shopping experience is crucial to increasing online sales and bolstering e-commerce success. Users are growing weary of algorithm-powered interfaces instead of user-generated or user-inspired interfaces and longing for tailored and customized experiences. Customers want to believe someone is paying attention to them behind a computer screen. It doesn’t have to be anything elaborate; it might be as straightforward as a customized email, a carefully chosen discount code, or something else.

Overall, the e-commerce industry in Nigeria is expected to see significant growth in 2023, driven by rising smartphone adoption, a growing middle class, and government support. Businesses that are able to keep up with these trends and adapt to the changing market will be well-positioned for success in the coming year.

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