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Plentywaka Marks One Year with Over 190,000 Journeys

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Plentywaka, the innovative tech-driven start-up revolutionizing transport in Nigeria, has marked its first year in operation with over 190,000+ completed trips by more than 40,000 riders.

Since launching in September 2019, Nigeria’s first bus-hailing app – Plentywaka, quickly became a favored choice for travelers with a strong focus on convenience, comfort, and safety. The anniversary provides an opportunity to reflect on the success of Plentywaka as well as look at how technology will continue to play a major role in the improvement of transportation in Nigeria.

The e-hailing service, which launched in Lagos before its recent expansion into Abuja in August 2020, has found success with the use of technology to solve the challenges of travel for the everyday commuter.

Available on Google Play and iOS, the Plentywaka app has simplified movement from point A to B with just a two-step process to schedule a journey and book a seat as well as the option to pay for rides using the Wakapurse e-wallet.

Over the next 12 months, Plentywaka will continue to develop the app, most notably the cashless payment system to reduce contact in a post- COVID-19 era, as well as its GPS tech to help provide a more regulated service for travellers.

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The forward-thinking transportation start-up also launched two products on its platform in direct response to the safety measures and restrictive movement in Nigeria due to COVID-19.

In May, the company introduced Staff Bus Solutions, an exclusive service for corporate companies to minimize employees’ risk of exposure to the virus post-lockdown. This was followed by the launch of Logistics By Plentywaka for its users in June, a business-to-consumer delivery service that provides its customers with same-day delivery service and aggregation of logistics vehicles for their partners.

Speaking about the success of the first year, the President and Co-Founder of Plentywaka, Johnny Enagwolor said, “Since we launched a year ago, we have achieved remarkable milestones and have been able to adapt when faced with unprecedented challenges the 2020 pandemic brought.

Resuming our operations after several weeks of suspension after the lockdown in Nigeria, and digging deep to expand and grow is something I am very proud of my team for achieving. Today, it’s great to be in a position to say that we are one year into our mission to transform transport in Nigeria with technology and make reliable, clean, and safe travel accessible to everyone.

Looking to the year ahead, our goal is to continue to improve the riders experience, increase productivity in Nigeria with efficient transportation, and create more jobs and income opportunities through our Plentywaka Vehicle Partnership scheme.”

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Plentywaka continues to add more vehicle partners who are earning between N80,000 and N150,000 weekly by onboarding their vehicles on it’s platform. The startup is looking to work with individuals, corporates, and state governments to expand its technology and fleet to provide better transportation services.

Registering a vehicle on Plentywaka continues to provide an opportunity to earn extra income, whilst also playing a role in advancing Nigeria’s transport system. To sign up, visit the website via www.plentywaka.com/partner, fill in your contact details, and select your preferred partnership option.

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Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

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Ogba Ogbaga, an Abuja-based lawyer, has said that he has been instructed to institute legal proceedings against MTN Nigeria, Airtel Nigeria, Globacom, 9mobile and MultiChoice Nigeria, operators of DStv, over what he described as unfair consumer practices relating to expiring data bundles and television subscriptions.

Ogbaga, Abuja Lawyer to Sue Telcos, DStv over Alleged Unfair Practices

In a statement posted on Facebook, Ogbaga said his law firm, GIMBG Legals, received instructions from its client, KAA, also known as KaaTruths, to challenge the companies’ subscription policies in court.

According to him, the proposed suit will question whether telecom operators and DStv’s subscription models comply with provisions of the Federal Competition and Consumer Protection Act (FCCPA) 2018 and other applicable laws.

Ogbaga alleged that telecom providers operate internet data services that are unfair to consumers, claiming subscribers sometimes do not receive the services they paid for but still lose their subscriptions once the validity period expires.

He also criticised DStv’s subscription model, arguing that consumers lose paid viewing time due to factors such as power outages, adverse weather conditions and service interruptions, while subscriptions continue to count down regardless.

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“Our clients have complained that MTN data services are unduly one-sided,” Ogbaga said, adding that the legal action would also extend to other telecommunications providers and DStv.

He said the court action would seek judicial determination on whether the companies’ subscription practices comply with consumer protection laws.

The lawyer also invited interested legal practitioners to collaborate on the case, saying his firm would provide updates as the matter progresses.

In a separate Facebook post on Wednesday, Ogbaga said previous policy discussions, town hall meetings and debates at the National Assembly had failed to address the concerns raised by consumers.

He argued that telecom operators regularly carry out maintenance and network upgrades that temporarily disrupt services without extending customers’ subscription periods, while DStv subscribers also lose viewing time because of electricity outages and weather-related disruptions.

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NAICOM Issues New Licences to 43 Recapitalized Insurers

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The National Insurance Commission (NAICOM) has commenced the issuance of new licence certificates to insurance companies that successfully met the industry’s new minimum capital requirements, marking the formal beginning of a new regulatory era aimed at strengthening the financial capacity, governance and global competitiveness of Nigeria’s insurance sector.

At a ceremony held at the Commission’s headquarters in Abuja, the Commissioner for Insurance, Olusegun Ayo Omosehin, presented the new licence certificates to compliant operators, describing the exercise as a major milestone in the industry’s recapitalisation programme.

According to the Commission, a total of 43 insurance companies declared compliant with the new capital requirements are expected to receive the new licence certificates in phases.

Omosehin congratulated the successful companies, saying the issuance of the new licences signals the beginning of a stronger regulatory framework anchored on improved capitalisation, sound corporate governance, innovation and sustainable growth.

He urged operators to leverage their enhanced capital base to develop innovative insurance products, improve operational efficiency and deepen insurance penetration across the country.

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The Commissioner said the Commission expects the recapitalised companies to deliver stronger financial performance while maintaining high standards of professionalism and customer service.

He also announced that NAICOM’s next major regulatory initiative would be the implementation of the Risk-Based Capital (RBC) framework, under which insurers’ capital levels would be aligned with the risks inherent in their respective business portfolios.

According to him, the new framework will further strengthen the industry’s resilience by ensuring that insurers maintain capital commensurate with the risks they underwrite, thereby enhancing policyholder protection and boosting market confidence.

Omosehin reaffirmed the Commission’s commitment to removing regulatory impediments where necessary while maintaining effective oversight to safeguard policyholders and strengthen confidence in the insurance market.

The issuance of the new licence certificates marks the commencement of a phased transition to higher capital standards aimed at improving the financial capacity, solvency and claims-paying ability of insurance companies operating in Nigeria.

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Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

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Management of Nigeria CommunicationsWeek Media has withdrawn its publication titled “Adefolarin Ogunsanya and the Allegations of Shareholder Interference and Self-Dealing at Pan African Towers,” which was published on its platform.

Nigeria CommunicationsWeek Retracts Story on Pan African Towers Litigation

The decision to retract the story follows an editorial review to ensure that the platform maintains the highest standards of accuracy, fairness and responsible journalism in reporting matters that are the subject of ongoing judicial proceedings.

Nigeria CommunicationsWeek acknowledges that the issues raised in the publication remain before the courts and have not been finally determined.

Accordingly, the organisation has decided to remove the article from its platforms pending the conclusion of the legal processes or the availability of additional verified information.

The publication regrets any inconvenience or misunderstanding the report may have caused to readers or any individuals or organisations mentioned in the story.

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Nigeria CommunicationsWeek remains committed to the principles of balanced, factual and ethical journalism and will continue to uphold professional standards in its coverage of judicial and corporate governance matters.

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