News
Tingg Wins Merchants Payment Company of the Year at 2022 Nigeria BAFI Awards
Tingg, Cellulant’s acclaimed payment platform has been recognized as the ‘Merchants Payment Company of the Year 2022’, award at the BAFI Awards.
The recognition was bestowed at the 10th BusinessDay Banks and other Financial Institutions (BAFI) awards event, which was held in November in Lagos, Nigeria.
The BAFI Awards is backed by BusinessDay’s Research and Intelligence Unit through its extensive vetting process which monitors, evaluates, and recognises the achievements of players in the financial services industry in several categories that cut across banking, insurance, fintech and other financial services.
Over the past year, Cellulant Nigeria has experienced outstanding adoption of its products and services.
There are more than 400 businesses and outlets using Tingg By Cellulant’s solution across Nigeria. As more and more businesses assess their payment needs, the numbers are expected to increase in the upcoming years.
Commenting on the award, the Head of SME Sales at Cellulant Nigeria, Ademola Okuleye, said: “As an enabler of economic growth and prosperity, this award is due recognition of our industry leadership across Africa, and is a testament to the growth of, Tingg.
This is a direct reflection of the growth our solutions have enabled for our merchant partners through the seamless integration of our payment ecosystem.
A growing number of merchants in Nigeria use our payment platform. Businesses we serve include Eat n Go; which is the parent company of Domino’s, Cold Stone, and Pinkberry, GIG Logistics, Chicken Republic, Perfect Trust Cosmetics, Simba Group, United Parcel Service (UPS), Magrellos and PepsiCo; among others.
“Our products distinguish themselves from our competitors because they suit the demands of retailers who want our off-the-shelf products and those who need us to customize them to meet their needs. ”
“We thank BusinessDay and the BAFI team for this recognition of our commitment to expanding the Fintech space with innovative payment solutions. This recognition is dedicated to all our partners – staff, vendors, merchants, and customers alike who have made our platform, the payment solution choice of Africa”. He concluded.
Cellulant offers a unique set of capabilities to serve as the one-stop payment platform for companies all over Nigeria.
Its Tingg payments platform is equipped with the tools and competencies to address the problems associated with the key use cases of collections and payouts. In 2021, Cellulant processed approximately 214 million transactions totalling $12.3 billion across 35 African markets.
News
Legit.ng, Shade of Life Foundation Partner to Advance Autism Awareness in Nigeria
Legit.ng recently joined forces with the Shade of Life Foundation to become a voice of autism, and drive advocacy for improved media support during Autism Awareness Month.
Conversations around media support exploration was led by Joseph Omotayo, head of Department for Human Interest Stories at Legit.ng, and Dr. Eziafakaku Nwokolo, founder and CEO of the Shade of Life Foundation,
This partnership is a response to the concerns raised by organizations like the Shade of Life Foundation about the level of support received from the media in discussing autism as a disability.
While other disabilities may receive attention, autism, with its critical developmental implications often lacks adequate representation in mainstream media.
Recognizing the importance of addressing these concerns, Legit.ng took proactive steps by integrating itself into the essence of autism awareness.
It facilitated a one-hour workshop with Dr. Nwokolo, the founder of the foundation, to deepen our understanding of autism, its various spectrums, and the language boundaries associated with it.
Other steps we took in advocating autism awareness in the media, can be seen in our attached press release.
Legit.ng believes that by amplifying the voices of autism and advocating for better media representation, we can contribute to creating a more inclusive and accepting society for all.
News
As Nigeria Struggle, Tanzania Turns off Power Plants Due to Excess Supply
While 85 per cent of Nigeria is in darkness, Tanzania, an African country has shut down five hydroelectric stations in a bid to reduce excess electricity in the national grid.
Kassim Majaliwa, prime minister, Tanzania, has said the main plant, Mwalimu Nyerere Hydroelectric Station, alone generated enough electricity to power major cities, including Dar es Salaam, the country’s commercial hub.
It is the first time Tanzania, which suffers chronic power shortages, has closed hydroelectric stations due to excess production.
“We have turned off all these stations because the demand is low and the electricity production is too much, we have no allocation now,” an official from state-run power company, Tanesco, said.
The 2,115MW Julius Nyerere Hydropower Dam is said to be almost filled with water following heavy rains that started early this year.
Meanwhile, while the country has an installed capacity of 1,938MW and the grid installed capacity of 1,899MW, Nigeria which has an installed capacity of 13,000MW is struggling to electrify 85 per cent of its electricity consumers.
News
President Tinubu Appoints Jim Ovia as Student Loan Fund Chairman
President Bola Tinubu has approved the appointment of Jim Ovia, renowned banker and businessman, as the Chairman, Board of the Nigerian Education Loan Fund.
Ovia’s appointment is contained in a State House statement titled, ‘President Tinubu appoints Jim Ovia as Chairman of the Nigerian Education Loan Fund,’ and issued on Friday by Ajuri Ngelale, special adviser to the President, Media & Publicity.
The statement noted that “Ovia is the founder of one of Nigeria’s leading banks and a respected business leader, with a surfeit of efforts and benefaction towards nurturing and empowering young Nigerians.
“He is an alumnus of Harvard Business School and holds a Master’s in Business Administration from the University of Louisiana.”
The National Student Loan Programme is a pivotal intervention that seeks to guarantee sustainable higher education and functional skill development for all Nigerian students and youths.
The Nigerian Education Loan Fund, the implementing institution of this innovation, demands excellence and Nigerians of the finest professional ilk to guide and manage.
“The President believes Mr. Ovia will bring his immense wealth of experience and professional stature to this role to advance the all-important vision of ensuring that no Nigerian student suffers a capricious end to their pursuit of higher education over a lack of funds,” the statement partly read.
Ovia’s appointment will also ensure “that Nigerian youths, irrespective of who they are, have access to higher education and skills that will make them productive members of society and core contributors to the knowledge-based global economy of this century.”
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