Connect with us

Wednesday 7th December, 2022

Business

MTN Nigeria, INTELLIGRA Launch Smartphone Device Financing Scheme

Published

on

L-R: Olu Delano, ED, Consumer High Net Worth Clients, Stanbic IBTC Bank; Gbenga Omolokun, MD, VFD Bank; Tayo Ogundipe, CEO, Intelligra Group; Adia Sowho, Chief Marketing Officer, MTN Nigeria; Nnamdi Ezeigbo, Founder/CEO, Slot Systems; Faith Ojeiku, Head of Integrated Channels, CreditDirect; and Clement Nwankwo, Senior Manager, Devices, MTN Nigeria at the launch of the MTN Device Financing partnership, which held at the MTN Nigeria Head Office on October 12, 2022.

Nigeria has the highest number of internet users in Africa, while data shows that the country still has one of the highest average costs of smartphones.

Citizens spend over 30% of their monthly income to purchase one, and this endangers Nigeria’s 2025 broadband penetration target.

With the option to Buy Now Pay Later (BNPL) identified as one of the initiatives to grow smartphone penetration to 60% by 2025, MTN and Intelligra’s partnership is a unique variant of BNPL that hopes to address this problem.

Speaking on the partnership with Intelligra, Adia Sowho, Chief Marketing Officer, MTN Nigeria said “With this partnership, customers will have the opportunity to:

-Subscribe to any of the MTN bundle plans for as low as N7,000/month and walk away with a smartphone of your choice.

-Pay over 6 – 12 months with as little as N0 initial deposit.

-Plans are bundled with up to 100GB of data and 250 voice minutes monthly.

-Redeem a one-time free screen replacement when broken and receive a one-time free phone replacement when stolen, provided the customer has an active and up-to-date subscription.”

“The partnership with Intelligra will drive financial inclusion, the digital goals of financing devices and making them accessible to the average man. It would also grant customers access to the internet, entertainment, and education and allow users to communicate easily,” she added.

The offer is a pocket-friendly route to owning a smartphone and by walking into any select MTN, SLOT and other retail stores across the country, MTN customers can acquire quality smartphones without breaking the bank.

ALSO READ  GCR Assigns MTN Nigeria Highest Possible Credit Ratings

The offer comes with added benefits of monthly data allowance and voice call minutes, tenor periods (up to 12 months), increased financed amount (up to N500,000) and device protection against theft and screen damage.

According to Tayo Ogundipe, CEO/Founder, Intelligra Solutions Ltd, “This partnership with MTN, the foremost telecom provider in Africa and collaborations with financing institutions including StanbicIBTC, VFD Mfb, Personal Trust Mfb, Credit Direct Ltd and others has helped find a solution to smartphone penetration for Africans through increased digital and financial inclusion.

“The ecosystem also includes leading smartphone retail chain in Nigeria, SLOT and other major retail players across the country. These collaborations offer MTN users across the country, a unique, convenient, simple and flexible variant of BNPL with their choice of premium, quality brands including Samsung, Nokia, Tecno, Infinix and iTel models.”

MTN said that to enjoy this amazing offer, interested customers can check their qualification status at participating stores or from the comfort of their homes online through MTN and Intelligra’s websites.

Other partners will offer these online qualification checks on their websites in the coming days. Once qualified, a customer can subscribe to any of the customised MTN device financing plans and leave the store with a dream phone.

 

Share Post

Business

GITEX Global Generated $707m Worth Of Business In Dubai- DWTC Report

With 170,000 people in attendance, the global event saw 57 per cent of the business generated (USD394 million) retained in Dubai’s economy

Share Post

Published

on

Participants at GITEX 2022 in Dubai.......Photo Credit: ITP.net

GITEX Global 2022 has generated $707 million worth of total economic output, according to Dubai World Trade Centre’s (DWTC) Economic Impact Assessment Report.

With 170,000 people in attendance, the global event saw 57 per cent of the business generated retained in Dubai’s economy, according to a report by ITP.net.

The 42nd edition of the tech show, which took place from 10-14 October 2022 at DWTC, was estimated to support 9,600 jobs generating disposable household income of $126 million, a 55 per cent increase from 2019.

Omar Sultan Al Olama, Minister of State of Artificial Intelligence, Digital Economy and Remote Work Applications, and Chairman of Dubai Chamber of Digital Economy, said that the UAE is moving forward towards new futuristic horizons, under the directives of its wise leadership, leading to new summits of growth and comprehensive sustainable development.

He added that the UAE is pioneering the pivotal sectors of tomorrow’s economy to continue its development path including artificial intelligence, digital transformation, knowledge economy, and the 4th industrial revolution, among others, propelled by its proactive strategies that consolidate its status as a global economic hub

Al Olama further emphasised the importance of organising GITEX Global 2022 and its remarkable success that reaffirms Dubai’s leadership and status as a global business and tech investment destination of choice.

Helal Saeed AlMarri, Director General of the Dubai World Trade Centre, said, “GITEX has been a key contributor to the economic growth of Dubai. The 42nd edition in 2022 has achieved unprecedented success across all levels, positioning Dubai and the UAE at the forefront of future technologies.

ALSO READ  Google Cloud Collaborates With SAP To Accelerate Business Transformations In The Cloud

“DWTC has always been a flag bearer for the global MICE sector, especially in asserting the greater need for events in the post-pandemic new economy.  GITEX GLOBAL 2022 has not only been a resounding endorsement of this fact but has also reflected the confidence of 176 nations in Dubai as the global capital for business and tourism.”

According to DWTC, the 40 per cent share of international attendees at GITEX Global 2022 represents a big jump surpassing previous editions reflecting the truly global stature of the event.

The report noted that half of all international attendees travelled with a companion this year while staying in Dubai for an average of 6.4 days.

The average spend of AED 13,000 per international attendee during the show on goods and services including flights, hotels, entertainment, and retail, was five times that of UAE-based attendees.

Share Post
Continue Reading

Business

Opeke Tasks Nigerian Businesses On Need To Interconnect Locally

• As Nigerian survey data shows that 34% of IT decision-makers in Nigeria are planning to move to a new region and 33% to a new country
• 58% of IT decision-makers in Nigeria view a shortage of personnel with IT skills as one of the main threats to their business
• Equinix completed the acquisition of Nigeria’s MainOne earlier this year

Share Post

Published

on

Funke Opeke, Managing Director, MainOne, an Equinix Company

Managing Director of MainOne, Ms. Funke Opeke, has said that the acceleration in digital transformation in Nigeria, has reinforced the need for businesses to have access to single points to interconnect locally.

Opeke was reacting to a report by Equinix, the parent company of MainOne titled ‘Equinix 2022 Global Tech Trends Survey,’ in which 100 business leaders in Nigeria were interviewed about the opportunities and challenges their organisations are facing as well as their plans for the future.

According to Opeke, “Increased speed of connectivity, increased flexibility of connectivity, and reduced cost of connectivity were identified by IT decision-makers in Nigeria as the most beneficial aspects of interconnection.

MainOne provides a rich interconnection ecosystem that allows customers to connect to each other’s multiple telecoms networks, and Cloud, Payment, and Content Providers in a single location.”

The Equinix survey report highlights that there are huge opportunities for Nigeria’s businesses to successfully expand into new markets and reach new customers.

According to the survey carried out in Nigeria, 54% of respondents are planning on expanding in an existing country in the next 12 months, 34% into a new region and 33% into a new country. It added that 93% of IT leaders in Nigeria said enhancing customer experience is a priority.

The report, however, showed that a number of potentially limiting factors were identified by businesses when it came to global growth including concerns and challenges in the supply chain, cyber security, and staff retention and recruitment.

On Supply Chain Challenges, the survey pointed out that 55% said their business was plagued by global supply chain issues and shortages, while 50% specified the global microchip shortage as a threat to their business.

ALSO READ  COVID-19: MTN Nigeria Offers Subscribers 300 Free SMS A Month, Commits Over N500m Worth Of Airtime, Data Through Governors’ Forum

Disclosing its findings on Cyber Security, the Equinix 2022 Global Tech Trends Survey reported that while significant concerns around cybersecurity in Nigeria still remain, ensuring expansions are supported by resilient digital models is business-critical, particularly at a time of increasing volatility and emerging global threats.

As a result, as part of their digital-first strategies, 85% of respondents in Nigeria confirmed a key priority is improving cybersecurity. 88% said complying with local market data regulations is critical, while 85% highlighted the need to future-proof their businesses.

“According to IT specialists in Nigeria, the most feared threats were cyberattacks (73%), security breaches and data leaks (68%),” the survey further highlighted.

On Staff retention and recruitment, the report showed that despite having one of the youngest populations and workforces in the world, 58% of IT decision-makers in Nigeria view a shortage of personnel with IT skills as one of the main threats to their business.

Furthermore, the survey showed that among the most common concerns for businesses in Nigeria are candidates with the wrong skill sets applying for jobs (56%), pay and compensation (49%), changing expectations around ways of working (41%), and the retention of current talent (38%).

“Additionally, in Nigeria, the most in-demand tech employees are those with skills in areas such as AI/machine learning, data analysis, cloud computing specialists, data protection, security software development, IT technicians and security analysis,” the survey highlighted.

On tools to deploy to help grow their businesses, the survey reports that 77% of IT leaders in Nigeria said they plan to move more business functions to the cloud including business-critical applications and security functions.

ALSO READ  FG Orders Prosecution To Logical Conclusion Of Benjamin Joseph, Alleged Blackmailer Of Zinox Chairman

“Hybrid cloud models were the preferred approach for 36% of respondents in Nigeria, although 18% still rely on a single cloud provider and 2% not using the cloud at all.

“40% in Nigeria said they plan to facilitate global expansion plans by deploying virtually via the cloud, with over a quarter (26%) – 21% among IT decision-makers in Nigeria, doing so using a bare metal solution,” according to the survey.

Meanwhile, whereas 47% globally (46% in Nigeria) said they expect increased spending on carrier-neutral colocation solutions to facilitate the planned rise in digital deployments, more (59% at the global level, 70% in Nigeria) said they intend to increase investment in interconnection services as they plan to progress digital transformation and build resilience.

On COVID impact, the survey showed that the pandemic continues to accelerate digital evolution thereby having a significant impact on businesses’ digital strategies.

The report showed that more than half of IT leaders in Nigeria (64%) say they are accelerating their company’s digital evolution because of the COVID-19 crisis.

“Indeed, over half (64%) confirm their IT budgets have increased as a direct outcome of its legacy—an insight into the now broadly acknowledged necessity for robust digital infrastructure to pivot to evolving business needs in an instant.

“Furthermore, almost three-quarters of respondents (73%) believe the technology changes and investments implemented during the pandemic are here to stay,” the survey further revealed.

DigitalTimesNG recalls that earlier this year Equinix, Inc., the world’s digital infrastructure company, expanded into Africa through a US$320m acquisition of MainOne, a leading West African data centre and connectivity solutions provider, with a presence in Nigeria, Ghana and Côte d’Ivoire.

ALSO READ  MTN Prepares For 5G Commercial Launch In Seven Nigerian Cities

 

Share Post
Continue Reading

Business

Ekeh, Zinox Boss To Mentor 12 Lucky Konga Shoppers

-In all-expenses paid Knowledge Weekend powered by Konga Kares

Share Post

Published

on

Dr. Leo Stan Ekeh, Chairman, Zinox Group

As part of efforts to empower budding entrepreneurs with the right business success tips and strategies to create new wealth in the 21st Century, 12 lucky shoppers on Konga will be hosted to an all-expenses paid weekend mentorship programme with Chairman, Zinox Group, Leo Stan Ekeh.

The free mentorship programme is an initiative of Konga Kares, the Corporate Social Responsibility (CSR) arm of the Konga Group.

To qualify for selection, shoppers are expected to have made purchases on the Konga platform – www.konga.com between December 1st, 2022 through January 31st, 2023, with the names of winners to be announced every Monday starting from January 2nd, 2023 and the final list of winners to be published on the Konga website and on other major news media channels on February 6th, 2023.

Also, details released by Konga Kares indicate that beneficiaries will be selected randomly, although shoppers who have a higher frequency or volume of purchases on Konga stand a better chance of being selected for the much-anticipated mentorship programme.

Two shoppers will be selected from each of Nigeria’s six geo-political zones to ensure equitable distribution of participants, while also assuring that no region is left out from the high-impact sessions.

Lucky beneficiaries will enjoy an all-expense paid weekend retreat with Mr. Ekeh, a Forbes Best of Africa Leading Tech Icon.

The major theme of the programme will be – The New Mega Wealth. In addition to an opportunity to spend time engaging Mr. Ekeh on his entrepreneurial journey, the 12 selected shoppers will also be exposed to healthy living tips, a finishing school, gym/aerobic sessions, deeper insights on the pitfalls confronting contemporary businesses, the new avenues to create sustainable wealth, how to navigate the prevailing tough business climate, as well as direct, one-on-one feedback sessions with Mr. Ekeh.

ALSO READ  Amazon To Open First African Office In South Africa

Konga Kares recently signed a five-year partnership with Mr. Ekeh to run the mentorship programme every November to January, with higher incentives for selected participants each year.

Meanwhile, selected shoppers also stand a chance to receive a gift at the end of the mentorship programme, courtesy of the Zinox boss.

“Wealth is a right in the 21st Century. There is no reason to be poor if you have the right mentality and willing to work smart and upgrade your knowledge. Through this programme, we intend to support and raise more confident, certified billionaires that will create future wealth,” revealed Mr. Ekeh.

“I will be engaging a total of 12 selected shoppers, two from each geo-political zone. If you are selected and above the age of 60, you can nominate another person.

“Each shopper selected shall go home with a powerful gift. So, I advise interested participants to start shopping. The more you shop, the better your chances of being selected,” he concluded.

Participants for the all-expenses-paid weekend mentorship programme will be selected based on orders placed on Konga between Thursday, December 1st, 2022, and Tuesday, January 31st, 2023.

Leo Stan Ekeh, Africa’s leading serial digital entrepreneur is the founder and Chairman of over seven leading tech companies across multiple verticals in the ICT sector and with several successful businesses on four continents. He also holds the record of delivering the biggest tech project on the African continent.

Mr. Ekeh is a most distinguished African ICT personality with numerous awards and recognitions to his credit. He pioneered Desktop Publishing and Computer Graphics, the region’s first locally assembled and internationally certified computer brand, e-Commerce, Biometric revolution for elections, WiMax, ICT products & solutions distribution, amongst others in Africa.

ALSO READ  GCR Assigns MTN Nigeria Highest Possible Credit Ratings

For his incisive entrepreneurship and as a pride to modern Nigeria, Mr. Ekeh has been honoured by two Nigerian Presidents with highly coveted National Awards; namely the Order of the Federal Republic (OFR) and ICON of HOPE Award in 2003 and 2001 respectively by President Olusegun Obasanjo.

Also in November 2019, President Muhammadu Buhari honoured him with the National Productivity Merit Award (NPOM) for his sustained leadership in the area of Information and Communications Technology (ICT).

A first-rate Indian-trained economist and Forbes Best of Africa Leading Tech Icon with over 60 national and international awards, including four Doctorate degrees (Honorary) to his name, Mr. Ekeh has remained at the forefront of enthroning digital democracy, inspiring many budding entrepreneurs and promoting gender empowerment in Nigeria and beyond, while also touching many lives through the Leo Stan Ekeh Foundation.

 

Share Post
Continue Reading
Business18 mins ago

GITEX Global Generated $707m Worth Of Business In Dubai- DWTC Report

BIG STORY38 mins ago

FirstBank Decemberissavybe: If Your December Is Not Vybing, You Aren’t In December

Telecoms58 mins ago

MTN Named Most Compliant Listed Company On The NGX

Business7 hours ago

Opeke Tasks Nigerian Businesses On Need To Interconnect Locally

Business12 hours ago

Ekeh, Zinox Boss To Mentor 12 Lucky Konga Shoppers

Telecoms1 day ago

NCC-CSIRT Warns Of Potential Harm In TikTok Challenge Participation

Business1 day ago

Liquid Intelligent Technologies Launches In Nigeria

Telecoms1 day ago

NCC Pledges Support To Blood Management Agency

BANKING2 days ago

61st FirstBank Lagos Amateur Open Golf Championship Winner Listed In World Amateur Golf Rankings

Telecoms2 days ago

Danbatta On How Telecom Policies Are Enhancing Digital Access, Media And Knowledge Production

Telecoms3 days ago

NCC To Rollout Two Additional 5G Licenses In 2023, Pursues Digital Transformation

Telecoms4 days ago

NCC-CSIRT Warns Of Phishing Attack Exploit

Business4 days ago

Digital Learning: Airtel, UNICEF Launch Partnership

Telecoms4 days ago

Abuja Businessman Wins House In Globacom Festival Of Joy Promo

Telecoms5 days ago

NCC Seeks Judiciary’s Interest In ICT Trends

Business5 days ago

Tingg by Cellulant Wins Merchants Payment Company Of The Year

Telecoms6 days ago

Danbatta Named After Huawei-Powered Computer Lab In Kano

Business6 days ago

HP Q3 Wolf Security Report Released

TechExtra6 days ago

2022 E-Waste Dialogue: ITREALMS, EPRON, Ecofeld Collaborate On Small E-Waste Collection

Telecoms6 days ago

Again, NCC Warns Against Use Of Counterfeit, Non-Type Approved Phones

BROADCASTING3 years ago

ENTERTAINMENT: ‘Turn Up Friday With Pepsi’ Premieres On Africa Magic Channels

BROADCASTING2 years ago

tvN, Korea’s Number 1 Entertainment Channel Debuts On DStv March 1

BROADCASTING2 years ago

StarTimes Announces Subscription Price Increase, Addition Of New Channels

BROADCASTING2 years ago

MultiChoice Now Offers Auto-Renewal On Subscriptions To DStv & GOtv Customers

Telecoms2 years ago

(APPLY): NCC Invites Proposals For Telecoms-Based Research Innovation 2020

Business2 years ago

Samsung May Not Include Chargers With Some Phones Starting 2021

Opinion2 years ago

Africa In Motion: Accelerating Africa’s Digital Future

BIG STORY2 years ago

One Year As NITDA’s DG: How Kashifu Abdullahi Is Transforming Nigeria’s IT Landscape (Part 1)

BROADCASTING2 years ago

MultiChoice Begins Broadcast Of uLesson Educational Content On DStv, GOtv

BROADCASTING2 years ago

IK Osakioduwa Hosts, As Obi Asika, Others Unveiled As Judges For Nigerian Idol Season 6

BROADCASTING2 years ago

MultiChoice Adds ESPN To Dstv And Gotv Sports Offering

Business2 years ago

Paint Roxettes Signs Nollywood Actor, Yul Edochie As Brand Ambassador

HOME3 years ago

Girls In ICT Day: NITDA Highlights The Need To Promote Career In Information Technology For Girls And Women In Nigeria

Business2 years ago

BREAKING: Plentywaka Seals Deal With Innoson Motors Ahead Of Expansion To South-Eastern Nigeria

Opinion2 years ago

One Year At NITDA: Kashifu As A Vindication Of Youth Excellence In Governance

Innovation3 years ago

NITDA Pledges Full Support To Nigeria’s Tech Community For Innovation Against COVID-19

Business2 years ago

BREAKING: Crowdyvest Holdings Changes Name To EMFATO Holdings

Telecoms2 years ago

5G Services Go Live In Madagascar, As Telma Launches Ericsson-Powered Network In The Country

Business3 years ago

After Okada Ban, Opay Confirms Shift To Delivery, Puts Motorcycles Up For Sale

BROADBAND2 years ago

Maska, NCC’s Executive Commissioner Chairs Ministerial Broadband Implementation Steering Committee

Advertisement

Trending