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AMMBAN to Unveil Task Force on PoS Operators’ Activities

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The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), said it has concluded plans to set up a task force to regulate Point Of Sale terminal (PoS) activities in order to check fraudulent practices.

The association added that active Point of Sale terminals used by merchants for financial transactions recorded N3.1 trillion in second quarters of 2021.

Victor Olojo, National President of the association, in Abuja, at the 5th AMMBAN conference with the theme: “Sustaining the Gains of Financial Inclusion: Exploring Suitable Framework For Last Mile Drivers”, said: “We need to begin to self-regulate.

“Just this year alone, over 10 mobile money agents have lost their lives to robbery and issues of insecurity. We need to ensure that the PoS don’t get into the wrong hands. The tax force would ensure that an average mobile money agent is playing by the rules.”

He noted that the value of point of sales transactions made in Nigeria jumped to N3.01 trillion in the first half of 2021, with a total volume of 462.11 million transactions in the same period.

The volume represents a 50 per cent increase compared to N2 trillion recorded in the corresponding period of 2020 and a 10.3 per cent increase against N2.72 trillion recorded in the second half of 2020.

“The increase in the value of PoS transactions in Nigeria shows the spending patterns of Nigerians and payment preferences as compared to cash payments.

“However, the value of transactions has been on a steady decline since March 2021, when it hit its peak. In the month of June 2021, PoS transactions declined marginally by 0.01 per cent from N503.96 billion to N5O3.91 billion.

“The volume of PoS transactions stood at 462.11 million in the review period, representing a 66% year-on-year increase compared to 278.28 million transacted in H1 2021.”

lt is worth noting that on a month-on-month comparison, transactions through POS terminals rose from 79.07 million in May 2021 to 81.97 million in June 2021. It also reflects a massive surge when compared to 49.42 million transactions recorded in the corresponding period of 2020,” he added.

 


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MMS Africa Transforms African Broadcasting for the Digital Age with inq.

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MMS Africa, a provider of media management software solutions to broadcasters across Africa, has partnered with inq., a Convergence Partners company, to host its infrastructure, support its IT requirements and assist it with the software customisation on its broadcast solution.

“Since we opened our doors in 2017, the focus has always been on enabling the integration of multiple back-end software solutions for broadcasters who relied on these complex environments to fulfil their mandates,” says Abdul Mathee, Founder of MMS Africa.

“At the time, we partnered with international software vendors to deliver a solution, but it was still price prohibitive for many of the growing broadcasters across the continent.”

This was the catalyst for MMS Africa to begin developing its own software that would initially take four linear back-end broadcast processes to deliver a complete virtualisation solution. The company started working with several television and radio stations by taking care of their broadcasting software requirements for them to focus on the content.

“One of our first major contracts was that of the Namibian public broadcaster. With this deal in place, we had to invest more in infrastructure and wound up on the Teraco back-end. This enabled us to more effectively scale up to meet the demands of broadcasters as they began transitioning to a digital environment,” says Mathee.

It was at the end of November 2022 when MMS Africa approached inq. to assist it with its infrastructure and IT functions.

“Inq. did everything for us that was IT-focused. Inq. began with the hosting and supply of our infrastructure and the required support, as well as assisting us with the development and customisation of our software,” adds Mathee.

This comprehensive support was essential, given how the Namibian broadcaster was still heavily reliant on legacy systems and manual processes, which had not changed much since it split from the SABC in the early 90s.

“With the assistance of inq., we sit down with broadcasters like the one in Namibia, analyse their environment and identify the ways to improve workflows. It is about creating an ideal balance between people, systems and processes. Our focus is about relationships and using technology to automate, enhance and transition African broadcasters into a digital age,” says Mathee.

With the work done on creating a digital-first environment for the Namibian broadcaster, MMS Africa can now approach any broadcaster or media house in Africa and apply their learnings to customise the MMS’s platform to deliver on any requirement.

Assisting in the customisation of the MMS environment, the inq. team played a crucial role in enabling MMS Africa to take its solution to the next level.

“There was a significant amount of customisation required, but our team went the extra mile to assist MMS Africa to deliver on everything they needed,” says Ralph Berndt, Sales and Marketing Director at inq. SA.

According to Mathee, inq.’s presence across Africa contributed to the growth of their partnership.

“Thanks to inq., we are strongly positioned to expand into other markets and provide a complete multimedia solution without needing to spend years customising and adjusting anything. Much like Netflix can launch in 180 countries in one day, the work inq. has done with our team means we can effectively switch on broadcasters across the continent on our platform almost at the click of a button.

This has been an incredibly beneficial partnership for us and one we will look at enhancing even further in the coming months,” concludes Mathee.


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AEDC Announces Disconnection of Electricity Service to All Debtors

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Abuja Electricity Distribution Company (AEDC) is notifying all customers with outstanding bills to settle their accounts immediately to avoid service disruption.

Adefisayo Akinsanya, head, Marketing and Corporate Communications in a statement said that to this end, customers who are yet to settle their outstanding bills within the next 72 hours, by Monday, June 3, 2024, will face disconnection of their electricity supply.

AEDC emphasized the importance of adhering to payment deadlines to ensure efficient and reliable service.

Akinsanya added that “the timely payment of electricity bills remains crucial for the continued operation and enhancement of AEDC’s infrastructure, which is essential for delivering uninterrupted service to the community.

Deadline for Payment: All outstanding bills must be paid within 72 hours of this notice, by Monday, June 3, 2024”

 


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NDDC Receives $142m from Shell Nigeria, Partners in 2023

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A total of $142.5 million was paid to the Niger Delta Development Commission (NDDC) last year by The Shell Petroleum Development of Nigeria Ltd (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo).

NDDC Receives $142m from Shell Nigeria, Partners in 2023

SPDC paid $112.5 million while SNEPCo remitted $30 million compared to $59.04 million by SPDC and $20.73 by SNEPCo in 2022.

The contributions came from the Shell companies on behalf of themselves and their respective partners –.  Nigerian National Petroleum Company Limited (NNPC); TotalEnergies, EP Nigeria Limited; NAOC; and Esso Exploration and Production Nigeria Limited – as statutory contributions to the interventionist agency.

“Our support for NDDC is part of our aspirations for the development of the Niger Delta which has also seen a wide range of social investments, including health and education,” Igo Weli,SPDC director and country head, Corporate Relations said.

“With the continuous support of our partners, we will continue to discharge our obligations to communities through statutory payments to agencies and projects executed in partnership with stakeholders.”

Shell Companies in Nigeria have supported community development programmes in the country since the 1960s, benefitting many Nigerians.

Support for education has led to the award of more than 3,450 secondary school grants, 3,772 university grants and 1,062 cradle-to-career scholarship grants since 2016.

Another investment has seen the introduction of the Health-in-Motion programme, providing free medical services directly to communities.

Over one million individuals have benefited from the programme since its inception in the early 2000s.

Also, the global Shell LiveWIRE entrepreneurship programme supported 73 businesses through training and mentorship programmes leading to 97 employment opportunities for Nigerians.

 

 

 

 

 

 

 

 

 

 


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