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Sunday 01 September 2019
SundayBusiness Credit Assist launches KoloMoni in Ibadan REMI FEYISIPO,Ibadan.
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o assist people especially small and medium entrepreneurs and those living in rural areas to access credit facilities, Credit Assist Investment Limited has launched a standard secured web and mobile application, KoloMoni. The money lending organisation licensed by the Oyo state government and an affiliate of the association of non-bank micro finance institutions in Nigeria said the application was designed to use modern technology in order to encourage savings and investment among Nigerians. According to the Executive Director of CreditAsset, John Alamu said the firm believes that the application, KoloMoni will tend to reshape the savings pattern of every Nigerians towards achieving their set
goals through personal savings and reduce dependence on excessive borrowing. Alamu while speaking at the launch of the application held in Ibadan, the Oyo state capital on Friday, added that “Credit Assist Investment Limited is delighted to announce the launch of KokoMoni, a standard secured web and mobile application using modern and convenient technology to encourage savings and investment in order to foster savings culture among Nigerians and set users on the road to financial freedom. According to Alamu, “CreditAssist believes KoloMoni will reshape the savings pattern of every Nigerian towards achieving their set goals through personal savings and also to reduce dependence on excessive borrowing. KokoMoni is an innovative and modernized version of the traditional “kolo (aka Piggybank)” and can be thought of as a digitised kolo for saving
money. “I am confident that KokoMoni is a major way to reduce over-confidence on loans, which often leads to financial disequilibrium. With a wide array of savings plans available in KokoMoni, our customers will always have more money at their disposal to finance their set goals without sourcing for loans. Achieving financial freedom for our customers without deliberating loans was the driving force behind the development of KokoMoni. “KokoMoni is designed for every Nigerian that has access to a smartphone and enables them to save periodically (daily, weekly or monthly). KokoMoni also has a large number of benefits for users. Savings on KokoMoni can attract interest rates as high as 15 percent interest per annum. In addition, these savings are insured by the Nigerian Securities and Exchange Commission through Meristem Trustees.”
MTN hosts 5,000 young Nigerians to ‘future of tech’ SEYI JOHN SALAU
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TN mPulse, a business proposition that focuses on children and teenagers recently hosted 5000 Nigerian children to a summer event tagged ‘mPulse Planet’ in Lagos to create awareness about the future of technology. The MTN Nigeria’s tweens and teens proposition reflected the theme “Nigeria, the future in 2044”, aimed at giving young Nigerians a glimpse into the future of technology in 2044, 25 years from now. The MTN ‘mPulse Planet’ supported by Access Bank Plc aims to brighten and expose young Nigerians to digital possibilities of the future. In 2018, MTN Nigeria launched the mPulseproposition to equip young Nigerians between ages 9 and 15
Visions Opticals marks three decades of successful business in optical services IFEOMA OKEKE
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isions Opticals celebrated its 30th year anniversary of successful busi-
ness in optical services on Monday, August 19, at its Flagship store, in the Palms Shopping Mall, Oniru, Lagos; marking three decades of existence as the ultimate “Eye Destination”.
The event featured a mini exhibition in the pop up eye museum, the “blueroom” which showcased the business timeline from inception, a giant-sized cosmetic retina to the amaze-
Tokunbo Peters and guests at the event
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G Electronics (LG) is cooling down more than the summer temperatures with its impressive all new Gencool air conditioners. Nigerian consumers are enjoying a double win with the series, which offers up to 70 percent energy savings on utility bills and up to 40 percent faster cooling. According to LG, its new
Split Air Conditioner offers high-performance cooling, with the use of LG’s advanced dual inverter compressor, saving energy and cooling faster than a conventional model. This inverter compressor also resolves the traditional noise challenge with an air conditioner that cools faster. “It is designed and built to work even at 55. Moreover, the 10-year warranty on the compressor allows consumers to truly benefit from an excellent return on their in-
vestment and enjoy their LG air conditioner for a longer period of time,” the company states. On an account of the ground-breaking GEN Mode, LG’s new Gen cool AC works efficiently when being powered by a small capacity generator or inverter. This revolutionary product offers consumers in Nigeria durability, efficiency and cost-saving; it ensures strong and reliable cooling even in the face of extreme heat and
ents and 9-year-old cousin, Amaka Wright, exclaimed “Everything here has been unbelievable!” The mPulse package comes with a voice plan and a fun, educative website which hosts a wide variety of courses and study aids to help children from Primary 1 to SS3 excel. The portal also provides a bouquet of single and multiplayer games as well as life skill videos. From computer programming, fashion designing, medicine and blogging to engineering, writing, data science and motivational speaking among others. The proposition also has parental control feature that allows a parent/guardian to safeguard the child’s internet access from harmful content. With MTN mPulse, the telecommunication company is giving parents and guardians more ways to equip the next generation of Nigerian scholars.
Zenith Bank appoints Henry Oroh executive director ment of guests and a whiteroom which housed the most exclusive collections. Well-wishers and clientsturned-friends who came out to celebrate with the longstanding prestigious eyewear store took mini tours in the museum and proceeded to the store where the directors took time to guide guests on the choice of the best-suited and well-designed glasses. They also went into the experience room for cocktails, canapés and the instore eyewear high fashion show. The night ended in a climax with the high fashion party which thrilled guests as the runway models strutted in designer collections including Andy Wolf, Linda Farrow, Fendi, Cutler and Gross, Céline and Carrera.
LG offers double gains with energy savings, fast cooling in new Gencool air conditioners Jumoke Akiyode-Lawanson
with the resources needed to maximise their potential in a digital age. Rahul De, the chief marketing officer, MTN Nigeria, said the summer event that was launched last year is a way of introducing Nigerian youth to the future, by stimulating their minds and intellect. “After last year’s launch, we have continued to improve on mPulse in accordance with the ever-evolving interests of young Nigerians aged 9-15”. According to De, the mPulse proposition is to prepare teenagers for the future of technology in the digital age. “We wanted an avenue to spur their creativity and get them to think beyond what they see and experience at the moment,” he stated. Sh a r i n g h e r e x c i t e ment and experience at the mPulse Planet, Cynthia Arinze, a 12-year-old who came along with her par-
power grid failure. However, it is important to note that the GEN Mode features allow minimum start-up electric requirements to power the AC. BDSUNDAY learnt that the electronics company would also be introducing its Dual Inverter Floor Standing Air Conditioner – a stunning model that aims to bring sophisticated style to homes across the region. Delivering effective cooling performance and convenient control for indoor use.
...AL-Mujtaba Abubakar as INED
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he Board of Directors of Zenith Bank Plc has approved the appointment of Henry Oroh as executive director of the bank. The appointment is consistent with the bank’s tradition and succession strategy of grooming leaders from within. Also, the Board has approved the appointment of Al-Mujtaba Abubakar, FCA, as an Independent Non-Executive Director. Both appointments are effective September 1, 2019, and have been approved by the Central Bank of Nigeria. Henry Oroh holds a Bachelor’s Degree in Accounting from the University of Benin, Edo State and an MBA from the Lagos State University as well as an LLB Degree from the University of Lagos. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an honorary member of the Chartered Institute of Bankers (CIBN), Nigeria. He has over two decades of banking experience. He be-
Henry Oroh
gan his banking career in 1992 at Citibank where he served for seven years in operations, treasury and marketing. He joined Zenith Bank in February 1999 and has worked in various groups and departments within the Zenith Group Office. His expertise spans operations, information technology, treasury, marketing, including the manufacturing, food and beverages, pharmaceuticals, oil and gas, public sector, consumer, as well as corporate banking and business development. In April 2012, he was seconded to Zenith Bank Ghana Limited as an Executive Director and became the managing director/ Chief Executive in February 2016, where he successfully spearheaded the phenomenal growth of the Zenith Brand both within the Ghana market and the West African sub-region. Henry has attended several leadership programmes and executive management courses at the Harvard Business School, Columbia Business School, New York, University of Chicago, University of Pennsylvania, HEC Paris, JP Morgan Chase, UK and the Lagos Business School. He comes to the Board of Zenith Bank Plc with strong competencies in Credit & marketing, operations, information technology, treasury and impressive leadership skills. Al-Mujtaba Abubakar is currently the Managing Director of Apt Pensions Funds Managers Limited.