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Slot Unveils Slot.ng, App & Controls 48% Nigeria Phone Retail Market

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Slot Systems Limited, a household name for affordable and ‎and durable mobile phones in Nigeria has upped the game in phone sales with slot.ng website and Mobile app.

According to Slot systems, the gesture falls in line with its vision to bridge information gap in the global information technology (phone sales, specifications, prices, etc.) with emphasis in Nigeria market.

Meanwhile, a GFK report for the organised smartphone market share tipped Slot as controls the 48% share in 2014.

Speaking at the website and app unveiling in Lagos on Thursday, Engineer Nnamdi‎ Ezeigbo, group managing director, Slot Systems Limited, said that as an indigenous company with penchant interest in offering best services to its customers, they decided to bring their services even closer to the people through online channels.

Ezeigbo‎ said that Slot has carefully studied the peculiar life style of Nigerians, which has helped them in designing different  products they have rolled out in the past.

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He said that the online platforms would enable them “bring our 50 retails stores to your doorsteps, your office, home, even at your fingertips”.

Aside the online platforms, Slot introduced ‎Trade-in and Screen Insurance programmes for the customers.

This, the Group MD said, “With the Screen Insurance, you can insure your phone screen with just 5%. Do you know how much it costs to replace your phone screen? It’s alarming! This is because of the cost of producing the phone or tablet screen. But we have the solution at Slot.

“Also, we brought another exciting offer, the Trade-In. This is another value add to the esteem customers and the entire Nigerian customers. You can now trade-in your old phone for a new one irrespective of where you bought it,” he said.

Speaking superficially on the newly launched online platforms, Ezeigbo said, “For us, it is about service that is efficient. It’s about value with emphasis on cost saving. This is the right time to go online; the time when about 16% of Nigerians are having access to the internet with about 38% of them as active users. This is increasingly becoming interesting.

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“Over the years, we have contributed immensely to the growth of the smartphone market by making smartphone available and at affordable prices.

“From the GFK reports for the organised smartphone market share, our market share is 48% for 2014. We have grown in size and strength with over 700 Nigerians working with the Company”

He declared the Company’s unrelenting desires to bringing good services, cost saving initiatives and provide shopping experience whether offline or online.

‎Also speaking, Mrs. Nkechi Ezeigbo, group executive director, Slot Systems Limited, said ‎that the Company’s relationship with the telcos and Original Equipment Manufacturers (OEMs) will be to the best interest of the customers.

“As an indigenous Company, we don’t just sell phones, we provide first class after-sales support that is incomparable in any Western African information technology sector”.

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Mrs. Ezeigbo noted that over the years, Slot has been the first to announce ‎the availability of new phones, new functions, features and upgrades in the Nigerian phone market.

Slot System limited was incorporated in 1998 and started importation of ‎computer accessories the same year.

As a visionary company, it switched over to mobile telecommunication services in 2001 and has remained the toast of global brands like MTN, Airtel, Glo, Etisalat, Nokia (now Lumia), Samsung, BlackBerry, Tecno, Apple Huawei, LG, among others.

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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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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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