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OurPass Activates Banking Services in Nigeria

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The Nigerian banking sector has welcomed another new member with OurPass, a one-click checkout company opening shop for banking and allied services in the country.

 

This follows the company’s rebranding into a global neobank for businesses poised to stimulate commerce in Nigeria.

 

This was contained in a statement to the media, under the signature of Founder/Chief Executive Officer, OurPass, Samuel Eze.

 

The statement states that OurPass would be rendering financial services to aid businesses with access to banking, payment and business management tools to enable them start, grow and scale up as desired.

 

Eze said, “OurPass launched in 2021 after raising a $1m pre-seed led by Tekedia Capital with a goal of helping businesses increase their sales conversion rates by eliminating long entry forms at checkout using its one-click checkout solution.

 

“However, as the business observed the market and conversed with its customers, it recognised that beyond offering a niche service, it could provide end-to-end solutions that helped entrepreneurs grow every aspect of their business.

 

“With a mission to create a borderless world of successful businesses, we are committed to making it easier for businesses, irrespective of size and location, to gain access to banking services, but we are not stopping there.”

 

The neobank, it’s CEO added, would be supporting businesses with access to payment and management tools with unparalleled agility.

 

“We are also providing them with access to all the payment and business management tools they need to grow and thrive.

 

“The neobank offers free business account numbers in under five minutes when businesses sign up, access to capital to build their businesses, and great investment opportunities with its fixed deposits offering,” he added.

 

Eze also pointed out that OurPass’s optimised payment tools, such as POS terminals, QR codes, and instant transfers, would aid businesses to receive and make payments seamlessly.

 

“In addition, OurPass provides a quick invoicing tool to keep businesses organised and help them get paid on time, and is building out its inventory, storefront, and digital tag systems,” he said.

 

In addition, corporate management tools allow businesses to safely grant their teams controlled access to business information such as payment confirmations, and manage their branch operations from anywhere in the world with OurPass’ sub-business feature.

 

“Our pivot and the fact that we are still growing is a clear testament to our dexterity in adapting to changing times,” Eze stated.

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Brands

Family Fun Unleashed: Indomie Love Bowl Premiering This Month

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The premiere of the “Indomie Love Bowl,” a family game show sponsored by Indomie in collaboration with Multichoice, is scheduled for October 22, 2023.

 

The 13-episode series will showcase three families per episode, competing for the coveted title and attractive prizes.

 

The victorious family in the reality show stands to gain significant rewards, with the first-place winners earning an impressive 5 million Naira.

 

The second and third-place families will receive 2.5 million Naira and 1.5 million Naira, respectively. Beyond the cash prizes, the winning families will relish a two-year abundance of Indomie products, renowned for their delightful flavor and quality.

 

Asiwaju Temitope, Head of Corporate Communications for Indomie, emphasized the brand’s deep connection with love and excitement in the food category as the driving force behind the show.

 

The primary goal of the show is to elevate values such as love within families, particularly emphasizing the special bonds between mothers and children.

 

The collaboration with Multichoice was a strategic move, leveraging its broad outreach and the widespread accessibility of DSTV in numerous households. This ensures the game show’s broad and impactful reach.

 

“We created this games show and we chose this with family represented by mums and children. It’s going to involve several families and winners willl emerge based on the programmes. 3 families will emerge as winners with consolatory prizes. We chose Multichoice because it is a big reach and there’s no home where you won’t find DSTV”.

 

Busola Tejumola, Executive Head of Content and West Africa Channels at Multichoice West Africa, underscored that the “Indomie Love Bowl” revolves around themes of unity, bonding, and the special affection between mothers and children.

 

Set to debut on October 22, 2023, at 7 pm on the Africa Magic Family channel, the show aims to deliver thrilling moments and dynamic interactions among family members.

Stephanie Coker, the show’s host and On-Air personality, expressed her joy in being involved in the project, particularly as a mother. She eagerly anticipated watching the show with her daughter, celebrating the special bond between mothers and children, the exciting games, and the evident team spirit. Coker also emphasized the chemistry with her co-host, Darasimi, promising an engaging experience for the audience.

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BUA Takes Bold Step: Slashes Price Of Cement

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BUA Cement PLC has declared a cut in the price of its cement product to N3,500 per bag, effective from Monday, October 2, 2023.

 

. The company cites its dedication to fostering growth in the building materials and infrastructural sectors as the reason behind this reduction.

 

The announcement was made through a statement posted on its X page, previously known as Twitter.

 

This decision follows the chairman, Abdul Samad Rabiu’s commitment to reviewing the product’s price after a meeting with President Bola Tinubu weeks ago.

 

The statement read in part, “We refer to our previous pronouncements regarding our intent to reduce cement prices upon the completion of our new lines at the end of the year, in order to spur development in the building materials and infrastructure sectors.

 

“As per the commitment made to reduce prices and following a periodic review of our operations for efficiency, the management of BUA Cement Plc wishes to announce and inform our esteemed customers, stakeholders, and the public that effective October 2, 2023, we have decided to bring the price reduction forward.

 

“As a result, BUA Cement would now be sold at an ex-factory* price of 3,500 Naira per bag so that Nigerians can begin to enjoy the benefits of the price reduction before the completion of our plants.

 

“Upon completion of the ongoing construction of our new plants, which would increase our production volumes to 17million metric tonnes per annum, BUA Cement PLC intends to review these prices further in line with our earlier pronouncements by the first quarter of 2024.”

 

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Brands

Again, Dangote Clinches ‘Brand of the Year’ Award

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Dangote Industries Limited has received the prestigious Brand of the Year award, acknowledging the company’s outstanding corporate performance in the past year.

 

At a ceremony held in Lagos, John Ajayi, the Publisher of Marketing Edge, clarified that the award conferred upon Dangote is the flagship recognition, highlighting the company’s consistent contributions to the economic advancement of Nigeria and Africa.

 

Mr. Ajayi emphasized that this recognition encompasses a broad spectrum of business investments and corporate initiatives carried out by Dangote across the African continent.

 

He noted “This recognition covers many business investments and corporate interventions carried out by the company in Africa as a continent.”

 

During the award presentation, he credited Dangote’s exceptional position in its industry to its robust efforts in generating employment opportunities, thereby positively impacting numerous youths.

 

Additionally, he praised Dangote Industries for its steadfast dedication to the development of vital infrastructure.

 

He highlighted that the award presentation marked a significant milestone during Marketing Edge’s 20th-anniversary celebration and the 11th edition of its annual Brands and Advertising Excellence Award.

 

Numerous other brands were also honored for their exceptional achievements in the market.

 

Mr. Ajayi underscored that Marketing Edge’s two-decade presence in the industry has firmly established it as a trustworthy and authoritative partner for all stakeholders in the Nigerian marketing and advertising landscape.

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