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BoI Advises Youths to be Innovative

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  • BoI Advises Youths to be Innovative

The Bank of Industry has advised the youth to be innovative and begin to make meaningful contributions to the society.

The Head, Osogbo Branch of BoI, Dr Emmanuel Ojoowuro, gave the advice in a chat with newsmen at a sensitisation workshop on ‘Funding Opportunities for Micro, Small and Medium Scale Enterprises’ in Osun State,’

He urged the youth to start thinking of how they could assist the society by providing solutions to numerous challenges facing their immediate environment.

Ojoowuro said, “Youths should start thinking of they can contribute to the society. They can’t remain on the same spot for ever. They are our future and they should start creating, adding value, innovating and start developing their ideas.

“Bank of Industry has loan packages for youths who want to obtain loans and the process is not hard. We treat our youth differently because they are just coming up. We have different templates for them, so that they can be able to access the loans. Any youth who has value- adding project can come for loan in our bank.”

In his remarks, the Managing Consultant of Romis Consultant, Mr Babatunde Bello, whose company organised the workshop, said through the forum, the participants would be advised on ways to improve their businesses.

He said, “What we do basically is to assist micro, small and medium enterprises to do their business better and to grow their business to be strong enough to access funding and expand.

“We have assisted a lot of people and we helped them build their capacity. We also assisted them to secure fund from the Bank of Industry and through this workshop, we would be able to bring in more people.”

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

Finance

Crowdyvest Attracts New Investors and Appoints Tope Omotolani as CEO

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Crowdyvest Limited, an impact-driven fintech platform, launched in 2019 by Onyeka Akumah and four other Co-Founders has today announced a big change in its leadership and additional investment in the company, in a bid to scale up as a digital savings company.

Crowdyvest was created to provide all-in-one financial solutions for individuals and businesses to achieve short or long-term goals while facilitating impactful growth in line with the United Nations 17 Sustainable Development Goals. The Fintech company went live in beta-stage in August 2019 but launched fully as a crowdfunding platform in January 2020 where its users and sponsors can sponsor high-impact opportunities that yield good benefits through its pooled sponsorships and individual projects.

Today, however, the company announced Onyeka Akumah will officially step down as the CEO of Crowdyvest and Tope Omotolani who is currently the Managing Director and also a co-founder, will become the new Chief Executive Officer of the startup, effective immediately. Notwithstanding this change in leadership, all the management and staff of Crowdyvest will be retained. And as a result of the new investment in Crowdyvest, the fintech startup will completely exit the EMFATO Holdings group and also transition from its previous crowdfunding model to making strides as the go-to digital wealth management and savings platform under Tope’s leadership.

Onyeka Akumah speaking on this development said, “I have taken this decision to step down as the CEO of Crowdyvest as a result of the new investment in the company which gives it good footing for scale. Today, Crowdyvest is exiting fully from EMFATO Holdings and we are very happy about the new investors led by Tope, and excited to see how Tope will lead this business to new heights. I will now focus more on leading Farmcrowdy and Plentywaka as CEO of both companies into new markets in 2021. Tope is a strong and amazing leader and I see her leading Crowdyvest to become one of the leading wealth management companies in Nigeria within the next 3-5 years. I wish her and the team all the best and will continue to advise them on their journey when needed’’.

The new CEO, Tope Omotolani also said, “It’s an honor and a privilege for me to be able to lead the team to the next level and next chapter of the business. Onyeka founded this company on the ethos of integrity and strong customer satisfaction and I’m grateful for the opportunity to continue to lead this technology company into it’s next chapter. Our major goal and focus as Crowdyvest is that we see a lot of people become financially free and we’re able to do this by the products that we create on the platform”.

The emergence of female leaders has become a centrifugal force for good in the world and many organisations. For the first time, we’re seeing examples of female leaders emerging from across the generations to cross-weave their knowledge and drive for change and Crowdyvest is joining the wave of change having a Female Leader and CEO.

Crowdyvest is today launching the Crowdyvest Savings Platform to give savings options to over 10,000 subscribed members on it’s platform. This savings platform will give its members a variety of plans to help build a savings culture based entirely on their pace, so they can reach their life goals faster.

This savings platform has four products that are properly tailored to fit all categories of individuals, including the Millenials, Gen Z, Gen X, and Baby Boomers, and each of these products have their unique features and benefits. They are;

Flex Savings which speaks to our young and trendy Gen Zs and Millenials, gives them the opportunity to save as much as they like with the option of withdrawing their money at any time during the year with a withdrawal fee of 2%. The Flex savers also have the opportunity of 7 official withdrawal days which comes without a withdrawal fee.

Vault Savings here, users have the opportunity to safely deposit money into their vaults and lock it for a period of time (3 months, 6 months, or for years). Funds deposited in the vault will be locked and ineligible for withdrawal throughout the locked period. The vault savings is for long-term savings and is targeted at pensioners, trust funds savings, legacy savings, etc.

Pace Savings, savers have the opportunity to deposit money as they wish for a set target. The pace savings option is recurring starting with the least period of 3 months. The money can be deposited automatically into the plan or manually based on the saver’s preference. The plan is targeted at salary earners, entrepreneurs, etc.

Flex Dollar Savings gives savers the opportunity to save and earn returns in dollars. Crowdyvest Members have the opportunity to grow their savings in a more valuable & stable denomination.

Every saver enjoys the benefits of good interest rates from 12.5% to 15%, zero bank charges, plans tailored for everyone, and effective and prompt customer service. We also have referral opportunities where you can earn as much as NGN 1000 for every person you refer to Crowdyvest. For more information, visit the Crowdyvest website.

Previously as a crowdfunding platform, Crowdyvest was able to create an impact by funding 24 projects across various sectors including Agriculture, Real Estate, Transportation, etc, has worked with 9 project partners, has operated in 17 states with over 10,000+ active sponsors, over 90,000+ total users, and over 8,000 Monthly Active Users. Today, the company is a Digital Savings platform with closed membership, Crowdyvest will provide financial solutions for her community of individuals and organizations that are committed to long-term growth and financial freedom.

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How to Self-register For COVID-19 Vaccine in Nigeria

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COVID-19 Vaccine Self-registration Process in Nigeria

Following the delivery of the 3.92 Million AstraZeneca vaccine to Nigeria on the 2nd of March, Nigeria’s Primary Health Care Development Agency (NPHCDA) has launched an online self-registration portal for COVID-19 vaccine registration.

How to register

Nigerians who want to self-register for the AstraZeneca vaccine can visit the NPHCDA’s portal for registration.

What do you need to fill the form?

To fill the vaccination form, you need your basic information: full name, contact phone number, email address, date of birth, sex, a form of ID, a residential address including states, LGA of residence, and ward of residence.

You are also required to select your preferred vaccination site from the listed available vaccination site in your area and upload a photograph. The form asks if you work in the health sector and if you have any medical conditions or a history of allergies.

Finally, you are required to type in a code and this completes your registration process.

You should receive a message that your registration has been completed. You will also be issued a vaccination ID. The message goes thus:

“Registration Completed! Your Vaccination ID is: XXXX

Your data is successfully received.

Thank you for taking the time to fill the form, you will receive an SMS and email shortly containing your Vaccination No. and other instructions.”

Who is eligible to receive the vaccination?

Healthcare workers top the list of people who will receive the vaccine first. Away from them, the NPHCDA said it will prioritize “frontline workers – the military, police, oil and gas workers, customs workers, and strategic leaders.”

Under the COVID-19 Vaccine Global Access (COVAX) scheme,  Nigeria will be the third African country to receive a vaccine, after Ghana and Ivory Coast.

It is reported that the vaccine will be administered without charges and the country is expected to receive a total of 16million free doses from COVAX in the coming months.

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Nestle Nigeria Approves Final Dividend of N35.50k per 50 Kobo Ordinary Share for 2020

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Nestle Nigeria Approves Final Dividend of N35.50k per 50 Kobo Ordinary Share for 2020

Nestle Nigeria, a leading food and beverage company, has declared a final dividend of N35.50k per 50 kobo ordinary share for the year ended December 31, 2020.

The beverage company said N24.50k of the amount declared was from the after-tax profit of 2020 and N5 and N6 were from the after-tax retained earnings of the years ended December 2019 and 2018, respectively.

Nestle Nigeria stated that the amount declared is subject to appropriate withholding tax and approval at the Annual General Meeting of shareholders.

It also noted that payment will be made only to shareholders whose names appear in the Register of Members as at the close of business on 21 May 2021.

Dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 21 May 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

Shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, which is also available on their website: www.gtlregistrars.com, complete and submit to the Registrar or their respective Banks.

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