Business

Pushing the Frontiers: Glo Unveils Two New Offerings

Published

2 years ago

October 10, 2022

Eric

In keeping with its commitment to innovation, communication, and digital services, Globacom has unveiled two new offerings which it said would give unparalleled value to its stakeholders.

At an event, Pushing The Frontiers: An Evening With Glo, held for captains of industry, Nigeria’s business elite, and select business associates in Lagos, Globacom announced a new addition to its E-top-up services called Auto Credit. The new product offers seamless transition and connection for customers who run out of credit while engaged in a conversation.

The forum was also used to formally introduce Globacom’s Payment Service Bank subsidiary, MoneyMaster PSB. The financial services company commenced business recently with the principal objective of driving the Central Bank of Nigeria’s target of 95% financial inclusion by 2024.

Zakari Usman, Globacom’s Head of Enterprise Business, said the two offerings were in line with the network’s commitment to offering innovative and value-adding services. He reminded the guests of Glo’s innovative disruption of the telecoms market with various products from per second billing to Blackberry Services, 4G Data to VAS – Borrow me data service to Digital – GloCafe and GloTV, Glo Berekete 10X, digital and VAS products like e-top up.

“Globacom has always played at the intersection of technology and life by leveraging technology to facilitate the design and launch of innovative products and services that provide value for all stakeholders while enhancing life,” he noted.

He added that “Glo Auto Credit, which can be accessed via bank applications, offers automatic credit for customers to make calls and use data. Subscribers of the service will be auto-credited when their airtime balance gets to a minimum threshold limit at their desired frequency (daily/weekly/monthly).”

The Head of Product and Marketing, MoneyMaster PSB, Esaie Diei, who also spoke at the event, informed the audience of the successful take-off of the payment service bank. He assured the public that “MoneyMaster will disrupt and revolutionize the financial industry in the same way that Globacom revolutionized the telecoms industry with cutting-edge technology and unique products when it started operations in 2003.”

It was also an evening of fun and entertainment with award-winning comedian, Godwin Komone (Gordons) anchoring the show which was attended by World champion, Tobi Amusan, as well as Nollywood and Ghollywood stars. There were also performances by Seyi Law and musical artists like Teni Makanaki, Ego Obaro, Yemi Sax, and Chike.

Business

FirstBank Appoints New MD/CEO, Alebiosu

Published

3 days ago

April 22, 2024

Eric

First Bank of Nigeria has appointed Olusegun Alebiosu as its new Managing Director with effect from April 2024.

The Bank stated this in a release signed by its acting company secretary Adewale Arogundade.

Alebiosu takes from Adesola Adeduntan, who resigned abruptly on Saturday with eight months left to complete his tenure in December 2024.

The release stated that “following the resignation of the managing director/CEO of FirstBank, Dr. Adesola Adeduntan, the Board of Directors has appointed Olusegun Alebiosu as the acting CEO of the 130-year-old institution.

“The appointment takes effect immediately and is subject to the approval of the Central Bank of Nigeria.”

The release stated that Alebiosu was until this appointment the executive director, chief risk officer and executive compliance officer since January 2022. Prior to that, he was the Group executive/ chief risk officer, a position he held since 2016.

“Alebiosu brings to the executive management of FirstBank over 28 years’ experience in the banking and financial services industry with cross-functional exposure to Credit risk management, Financial planning and control, Credit and marketing, Trade, Corporate and commercial banking, Agriculture financing, Oil and Gas, Transportation (including Aviation and Shipping) and Project financing.”

It added that the new acting MD/CEO commenced his professional career in 1991 with Oceanic Bank Plc (now EcoBank) and prior to joining FirstBank in 2016 served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group and Group Head, Credit Policy & Deputy Chief Credit Risk Officer at United Bank for Africa Plc.

“He is an alumnus of Harvard School of Government and holds a Bachelor’s degree in Industrial Relations and Personnel Management. He also obtained a Master’s degree in International Law and Diplomacy from the University of Lagos and holds a Master’s degree in Development Studies from the London School of Economics and Political Science.

“He is a member of various professional bodies namely, Fellow, Institute of Chartered Accountants (FCA), Associate, Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN) and Member, Nigeria Institute of International Affairs.”

Business

Again, Naira Slumps Against Dollar, Trades at N1,169/$1 in Official Window

Published

5 days ago

April 20, 2024

Eric

The Naira, on Friday, slumped for the second consecutive day against the American dollar at the official window trading at N1,169/$1, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).

At the end of trading on Friday, the Naira lost N15 against the dollar when compared to the previous exchange rate of N1,154/$1 on Thursday, April 18, 2024.

The intra-day high and low recorded during the day were N1,236/$1 and N1,021/$1 respectively, representing a lean spread of N215/$1.

Similarly, the Naira slumped against the dollar at the parallel market for the second consecutive day to trade at N1,150/$1 representing a loss of N50 when compared to the N1,100/$1 it traded the previous day.

The British Pound also slumped against the Naira by N50 to trade at N1,500/£1 as against the previous trading price of N1,450/£1 representing a loss of N50 for the local currency,

The Canadian dollar however closed flat against the Naira to trade at N1,000/CA$1 same as the previous trading day rate of N1,000/ CA$1.

The Euro also slumped against the Naira to trade at N1, 280/€1 as against the rate of N1,200/€1 the previous trading rate indicating a gain of N80 in the European currency.

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.