Business

Rider Lotto Berths in Lagos, Vows to Uphold Transparency, Integrity, Enrich Families

Published

5 years ago

July 4, 2019

Eric

By Eric Elezuo

A brand new lotto regime has arrived the city of Lagos. It is Rider Lotto, by Ridersports Software Nigeria Limited. The lotto regime is reputed to have been established with trust, integrity and transparency as the bedrock of all its dealings with the public and otherwise.
Launching the brand in Lagos on Thursday, the Chairman, Rider Lotto, Mr. Ola Omotosho, affirmed that the company is poised to change the face of lottery business in the country as it pledged to stick to international best practices, and operate within the ambit of the law of the land.

He noted that the company is not new in the lottery business as it has established outlets in Benue and Plateau states before berthing in Lagos as the third state of operation in Nigeria with the sole intention of alleviating poverty.

Mr. Ola Omotosho, Chairman, Rider Lotto

“Our motive is to alleviate poverty through lottery…with a paltry amount of one hundred naira, you could achieve your lifetime dream by winning a whoppoing one million naira guaranteed money and instant fortune,” he said

He added that unlike most lotto operators, Rider is bent on affecting the life of its customers positively as well as the society it operates in.

Mr Omotosho, in company of stakeholders, demostrating how the draw works

“…At Rider Lotto, our price fund is 30 per cent of of our takings, 20 per cent goes to good causes (corporate social responsibility) and 50 per cent for operation cost,” Mr. Omotosho said.

The company described its category of games to include DailyMillion, LuckyLady and FoodBasket, stressing that it is so easy to play, and one can become an instant millionaire when he plays through the powerball machine.

Mrs. Olakemi Omotosho giving her vote of thanks

“This is a golden opportunity to raise people out of poverty and improve their finances…” the chairman informed.

The beauty of the Rider Lotto is that it is played online and daily, and as a result, anyone can play from the comfort of his bedroom. The draws are also done live to prove its transparency and genuine nature. There is ‘no mago mago at all’. Again, the games are played in a way where if there are no jackpot winner at the time of the draw, it will automatically roll over to the next week, and by so doing the jackpot price keeps increasing.

Mr Omotosho presents N10, 000 cash to the first draw winner, Babajide, while Mr. Ijaole looks on

With a clear vision of becoming the biggest and most trusted lottery company in Africa, as well as provide create platform for genuine lottery business with instant and prompt payouts, Ridersports Lottery continues to operate ‘a robust system based on highest and advanced technology with real time draws’.

The launch parley witnessed the presence of stakeholders and members of the general public. Some of the important personalities that attended the event include Chairman, Rider Lottery, Mr. Ola Omotosho, Regional Director, (Africa) Ben TV, Mr. Lanre Ijaole; Director, Rider Lottery, Mrs Olakemi Omotosho; Director, Rider Lottery, Mr. Tunde Oluwasola; Editor, Ovation International, Mr. Michael Effiong among others.

Business

Glo Launches New Internet Solution Products for Homes, Businesses

Published

2 weeks ago

April 8, 2024

Eric

Two new products, which provide internet connectivity solutions specially designed for Residential and SME commercial customers, have been unveiled by digital solutions company, Globacom.

The products, Fibre to the Home (FTTH) and Fibre to the Business (FTTB) were packaged for Glo customers to enjoy reliable and high speed internet through linked fibre services.

Globacom said in a statement in Lagos “With these services, businesses and homes can access dedicated internet speeds of up to 1GBps, allowing unlimited internet usages for seamless video calls, video and music streaming and a whole lot of other dedicated usages to promote business success and equally provide endless entertainment for homes”.

It explained that the new product comes with a unique opportunity for “Residential Estates, High Rise Apartments, Commercial SME Estates to enjoy dedicated high speed internet in their cluster”.

These services, according to Globacom, give exceptional experience and unmatched speed for users at home or in offices and are provided through hi-speed fibre – unlike copper which was being used in the past.

Positioning itself as the premier provider of innovative solutions for businesses of all sizes, Globacom assured customers of the best value for money with the new offerings, adding that users who sign on for these services will also enjoy fully dedicated bandwidth.

“We are committed to delivering the most cost-effective data connectivity experience for homes and businesses in addition to providing dedicated and reliable services.” Globacom concluded.

Business

Naira Appreciates Further, Sells at N1,280/$ at Parallel Market

Published

3 weeks ago

March 30, 2024

Eric

The naira, on Friday, appreciated to N1,280 per dollar at the parallel section of the foreign exchange (FX) market.

The current FX rate signifies a 5.19 percent appreciation from the N1,350/$ reported on March 27.

Currency traders in Lagos, also known as bureau de change (BDCs) operators, quoted the buying rate of the greenback at N1,260 and the selling price at N1,280 — leaving a profit margin of N20.

“The price of the dollar as well as other major currencies have been falling. It is affecting our business as some customers prefer to keep their currencies than change it with us,” a currency trader identified as Aliyu told TheCable.

At the official section of the FX market, the local currency depreciated by 0.69 percent to N1,309.39/$ on March 28 — from N1,300.43/$ on March 27.

Meanwhile, the Central Bank of Nigeria (CBN), on March 29, said the economy recorded over $1.5 billion in foreign exchange (FX) inflow this month, indicating its monetary policy initiatives are effective.

The apex bank said the naira is headed in the right direction, and the administration of Yemi Cardoso, CBN governor, remains committed to ensuring the stability of the market and the appropriate pricing of the naira against other major currencies worldwide.

TheCable

Business

NNPC Denies Reducing Petrol Pump Price

Published

3 weeks ago

March 28, 2024

Eric

The Nigerian National Petroleum Corporation (NNPC) Limited has declared that there is no plan to reduce the pump price of Premium Motor Spirit (PMS) aka petrol and Automotive Gas Oil (AGO) aka diesel.

The national oil company disclosed this through a statement on Wednesday by its Chief Corporate Communications Officer, Mr. Olufemi Soneye.

He said: “The NNPC Limited wishes to clarify rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail stations nationwide.

“The company asserts that these reports are false and urges Nigerians to disregard them entirely.

“NNPC Ltd. reaffirms its commitment to sustaining the current sufficiency in petroleum products supply across all its retail stations in the country,” the statement added.