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‘Mobile Money Transaction, key to Financial Inclusion’



  • ‘Mobile Money Transaction, key to Financial Inclusion’

The Association of Mobile Money Agents in Nigeria has said that mobile money transaction remained the key to drive financial inclusion and reduce the unbanked population in Nigeria.

The group stated that proper management, data harmonisation and right policy framework would address the challenges of mobile money transactions across Nigeria and help the country to attain its targeted 500,000 mobile money agents by 2020.

This, they added, would reduce the financially excluded population of the country as projected by the Central Bank of Nigeria.

In his welcome address at the third annual conference of the association in Lagos, the President, AMMAN, Mr Victor Olojo, said the aim was to set an agenda to accelerate the financial inclusion goal of the CBN for mobile money transactions.

Olojo described the gathering as an opportunity to review and discuss problems of mutual interests with delegates, stakeholders, agents, operators, regulators and team of experts from across the country.

Speaking on theme, ‘Driving inclusion: Exploring agency banking with shared network,’ Olojo explained that the conference aimed at presenting opportunities to re-evaluate and examine the association’s approach to the Shared Agent Network Expansion Scheme.

In the main, he stated that this would help members to gain new knowledge and insights of the best approach to achieving financial inclusion through the SANEF initiative of the CBN.

While speaking at the sidelines of the event, Olojo highlighted the need for the participants to be better equipped with the new trends in the digital financial markets and many opportunities opened to them across the country.

He said, “We are committed to ensuring that financial inclusion is deepened in Nigeria and this we do through the inauguration and commencement of the AMMAN Financial Inclusion Force, a body of aggregators drawn from across the country aimed at delivering value to Nigeria’s financially vulnerable and excluded population.

“This programme had helped us to interact, network, connect and gain insightful knowledge which would be useful in our operational activities.”

One of the panellists, the Managing Director, Intermarc Consulting, Ms Jacqueline Jumah, said deliberate efforts should be geared towards mitigating financial fraud which, according to her,is on the increase globally even as technology is evolving at a fast rate.

Panelists drawn from various sectors of the industry such as financial experts, bank executives, stakeholders, Nigerian Police shared and discussed ideas and challenges in the sector.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Transcorp Hotels Expand into Marketplace, Launches Aura to Connect People, Hoteliers, Others



Transcorp hotel

Transcorp Hotels Plc, on Thursday, announced it has launched a new digital platform, Aura, through which people can book accommodation, restaurants and experiences.

Aura, Transcorp’s first in the alternative accommodation segment, is part of the company’s asset-light model, leveraging technology to deliver true hospitality, exciting experiences, and drive shareholder value.

It’s a new dawn in the hospitality industry! I am thrilled to introduce you to Aura by Transcorp, the digital platform we are using to connect people to quality accommodation, great food, and awesome experiences,” Managing Director and Chief Executive Officer of Transcorp Hotels Plc. Dupe Olusola said.

For more than 30 years, Transcorp Hotels Plc has been at the forefront of creating a superior guest experience at our locations. Today, our commitment to innovation has offered us an opportunity to extend this beyond the hotel premises,” Olusola added.

The launch of Aura by Transcorp is one of the most significant developments in the company’s history as it seeks to transform the travel and tourism industry in Africa by focusing on three important components of travel, whether for leisure or business — where you stay, what you eat and how you spend your time. With its people-driven hospitality model, Aura is set to revolutionise travel and help remind Africans of our deep history of hospitality.

Speaking on the launch of Aura, Obong Idiong, Chief Executive Officer at Africa Prudential Plc, Aura’s technology partners, expressed his excitement. “Finding the right accommodation when you travel can be incredibly complex. Options available for the right prices are often limited, and travellers sometimes end up with accommodation that taints the travel experience. Transcorp Hotels Plc has been able to fix that with Aura and we are proud to be associated with them.”

To ensure topnotch user experience, we built a solution to drive digital transformation through the adoption of shared living spaces for the Aura business. With an advanced search algorithm powered by artificial intelligence, Aura determines the relevance of locations taking into consideration, the customers’ preferences and requirements to meet them at the point of their needs,” Idiong added.

Priscilla Adeboye, a travel enthusiast and early adopter of Aura, said the global pandemic has pushed international travel down her list. “But I still want to be able to take some time off work or spend a weekend away from home with the family. I have found incredible homes on Aura that meet my need for space and privacy.


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Siemens Energy Nigeria Appoints Seun Suleiman as Managing Director




Seun Suleiman is the New Managing Director of Siemens Energy Nigeria

Mr. Seun Suleiman is the new managing director of Siemens Energy Nigeria, the company announced on Wednesday.

According to the statement released by the energy company, Suleiman will be responsible for the entire management of operations and decisions on business policies and corporate strategy.

Commenting on his appointment, Suleiman said, “It is an absolute honor to lead the business for Siemens Energy Nigeria and I look forward to delivering on the brand’s promise of excellence.

Suleiman joined Siemens Energy in 2014, bringing over 15 years’ experience and deep expertise in the private sector across Europe and West Africa.

The statement said, “He is an accomplished business strategist and success-driven leader with strong business acumen. Suleiman has also been a core member of the executive management team at Siemens Energy serving in roles as Sales Director West Africa – Service Distributed Generation Oil & Gas and Vice President Service & Digital.

“Prior to this, he also held various functional and managerial positions with ABB Ltd UK, ABBNG Nigeria, Schneider Electric Nigeria and Dresser-Rand Nigeria Ltd.

It added that Suleiman was experienced in establishing operational excellence with specific competence in the power, oil and gas sectors.

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FG Reopens Osubi Airport Warri for Daylight Operations




FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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