The Coca-Cola Foundation provided the FATE Foundation with a grant award in support of the Orange Corners Nigeria (OCN) Programmes. The Orange Corners Nigeria is an Initiative of the Kingdom of The Netherlands launched in Nigeria in 2019 with the support of the Consulate General of the Kingdom of Netherlands in Lagos. The model in Nigeria is a Business Incubator, an innovation fund, and a student ambassador programme. OCN’s vision is to contribute to a thriving entrepreneurial ecosystem, by providing economic opportunities, skills, and the right network for youth with innovative business ideas. The official partnership commemoration ceremony, which took…
Author: Elvis Eromosele
By Elvis Eromosele A brand was in the news recently, struggling to put out fires. The company had had a young lady arrested for what it perceived as an unacceptable online review. The action led to a lot of backlash on social media, some offline. The only thing I remember thinking was that I wish the firm had a functional public relations department or unit. Public relations professionals, much like firefighters, rush into the heart of crises and emergencies to extinguish reputational fires and restore harmony. In a world where reputation is paramount, public relations professionals are mostly unsung heroes,…
By Elvis Eromosele The exit of multinational corporations like Procter & Gamble (P&G) from Nigeria speaks volumes about the intricate challenges faced by the country’s business landscape. The ripple effects of P&G’s departure, resulting in job losses and dwindling foreign investments, shed light on the deeper issues prevalent in Nigeria’s economic climate. The core reasons behind such exits primarily revolve around intensified industry competition, declining consumer purchasing power, and the recent devaluation of the naira. These factors, coupled with difficulties in managing foreign exchange exposure, have made it increasingly challenging for companies to sustain operations profitably within Nigeria. P&G’s decision…
The United States (US) embassy in Nigeria has said that more than 150,000 Nigerians had visa interviews in 2023. The embassy said this as it asserted that it is doing everything possible to clear visa applications from Nigerians. Speaking in an interview with NAN on Sunday, the charge d’affaires of the embassy, David Greene said the demand for visa applications is more than the supply. “When it comes to visas, it is a simple fact, the demand for visa appointments outnumbers the supply,” he said. “So, those appointments are available and we are doing everything we can to address that…
The Federal Inland Revenue Service (FIRS) has granted full waiver on accumulated penalties and interests for outstanding tax liabilities for taxpayers and businesses. However, the waiver is only for taxpayers who settle all their outstanding taxes on or before December 31. Zacch Adedeji, Chairman of the Revenue Service, disclosed the decision in a notice personally signed by him and made available to journalists by his Special Adviser on Media, Dare Adekanmbi. The agency imposes penalties and interests for failure by companies to fulfil their tax obligation as and when due as stipulated in extant tax laws. Adedeji said the forbearance…
The Nigerian insurance industry’s total assets rose to N2.8 trillion at the end of Q3, the National Insurance Commission (NAICOM) has revealed. NAICOM disclosed this in a document titled “Nigerian Insurance Market at a Glance – Q3, 2023.” A breakdown of the statement shows that total assets for non-life stood at N1.74 trillion. In contrast, total assets for life businesses stood at N1.07 trillion, bringing the total size of the industry market to N2.8 trillion. The sector’s regulator also said that the industry operators paid N365.5 billion as claims to policyholders at the end of the third quarter. Net claims…
Unified Payment, Hyperspace Technologies Unified Payments leading financial technology, Banking, payment Schemes, digital commerce and Software solutions is expected to deliver a keynote speech at the 2023 Digital Agenda Forum. Unified Payment is a leader in the Payments and Financial Technology space and has contributed immensely to the growth of electronic payments in Nigeria. Also, Hyperspace is a globally renowned provider of solutions and professional services in the field of solutions using Web3 technologies. Web3, also known as the decentralized web, refers to the use of blockchain and other decentralized technologies to create a more secure and transparent internet. The…
The Oriental Hotel in Lekki, Lagos, will play host to the much-anticipated Digital Agenda Forum (DAF) on December 7th, 2023. Spearheaded by Don Pedro Aganbi, Managing Consultant at Technology Africa, this exclusive event aims to convene top thought leaders, industry experts, professionals, CEOs, and presidents of various industry associations along with relevant government agencies. Under the theme of “Leveraging Emerging Digital Technologies for National Development…exploring low hanging fruits,” the Digital Agenda Forum is poised to delve deep into the state of the tech economy in 2023 and strategically set the agenda for 2024. In an era where digital technology acts…
By Elvis Eromosele The Nigerian telecommunications sector has undergone a remarkable transformation, evolving from a modest network of fewer than 500,000 connected lines to a staggering 200 million over two decades. This growth serves as a testament to the country’s progress in the realm of connectivity and economic development. The Nigerian Communications Commission (NCC), continues to play a pivotal role as the regulator, placing paramount importance on ensuring the Quality of Service (QoS). It is sad to note that QoS was an issue at the beginning. By beginning, we are talking of the licensing of GSM operators and commencement of…
The Ekiti State Fadama Care Office has revealed that no fewer than 200,000 farmers in the state have benefitted from its intervention programmes in the last one and a half years. The Project Coordinator of Fadama Cares in Ekiti State, Mrs Olayemi Okunlola, said that more farmers still stood the chance of being beneficiaries in the remaining six months of the two-year programme sponsored by the World Bank, Federal Government and Ekiti State Government. Okunlola, represented by the Communications Officer, Ekiti Fadama Cares, Yomi Ogunrinde, spoke at Ifaki Ekiti in Ido Osi Council area during a tour of Fadama Cares…