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“Banks, public sector banks (PSBs), and fintech companies should work together to promote financial inclusion in Nigeria, according to Eli Hini.”

Tosin Ranks
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“Banks, public sector banks (PSBs), and fintech companies should work together to promote financial inclusion in Nigeria, according to Eli Hini.”

Eli Hini, the CEO of MoMo and PSB Nigeria, emphasized that Nigeria holds a unique advantage over other African nations in terms of achieving success in financial and digital inclusion.

He made this point during a discussion at the 4th MSME and Startup Summit organized by Vanguard and the Economic Forum Series in Lagos.

Hini identified three key areas for enhancing financial and digital inclusion in Nigeria. He mentioned the progress made in agent banking, along with the availability of numerous POS and financial service points.

However, he stressed the need for industry players to leverage these resources to drive innovation and the adoption of digital payments.

A significant point Hini highlighted was the importance of reducing cash withdrawals and encouraging digital payments.

He expressed the necessity for people to use their cards for digital transactions rather than relying primarily on cash withdrawals.

Additionally, Hini emphasized the need for deeper collaboration between traditional banks, FinTechs, Payment Service Banks, and other payment service platforms.

He recognized that while traditional banks have limitations, FinTechs and payment service operators possess advanced technologies that can reach a broader audience at a lower cost.

The final factor he discussed was education and information dissemination. Hini underscored the significance of spreading awareness about available solutions and services, enabling people to make informed decisions regarding their financial options.

Hini also explained how MoMo PSB is contributing to financial inclusion in rural areas.

Leveraging its parent company MTN’s retail networks, MoMo PSB has effectively reached every corner of Nigeria.

The company collaborates with small businesses to provide agent services, extending financial solutions to communities engaged in various forms of economic activity.

In conclusion, Hini’s insights highlight the potential for Nigeria to excel in financial and digital inclusion by addressing these critical areas of improvement.

“Envoys urge citizens to share uplifting narratives about Nigeria”

Tosin Ranks
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“Envoys urge citizens to share uplifting narratives about Nigeria”

Chief Sarafa Isola, the Nigerian Ambassador to the United Kingdom, has emphasized the importance of sharing optimistic narratives about the nation.

He expressed concern over the tendency of Nigerians to focus on negative aspects rather than highlighting positive aspects about themselves and their country, including its leaders.

Ambassador Isola spoke during a morning business gathering in London, which was organized by Apostle Lawrence Achudume in partnership with Pomegranate Nigeria Limited.

The event took place at the Intercontinental Hotel in London, where he underscored the need to challenge the prevailing negative portrayals of Nigeria and its citizens.

He urged Nigerians to celebrate their strong work ethic, intelligence, and determination as entrepreneurs and adventurers.

Ambassador Isola encouraged everyone to actively promote positive values and narratives to make a meaningful impact.

He stated, “I take pride in my identity as a proud Nigerian, no matter where I am in the world. We possess the enduring Nigerian spirit that embodies resilience, hard work, and innovation.

However, the challenge lies in our tendency to neglect sharing these positive stories.”

In his address, Ambassador Isola urged Nigerians to cultivate self-belief and optimism about their country.

He questioned the practice of allowing outsiders to shape the narrative of Nigeria and its people, and he urged a more positive use of social media, advocating against its misuse for spreading misinformation and half-truths.

“Report Indicates 88.2% of the Labor Force Lacks Employment with Salary Benefits”

Tosin Ranks
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Approximately 88.2 percent of Nigerians of working age find themselves without a source of income.

Figures furnished by the National Bureau of Statistics indicate that merely around 11.8 percent of Nigerians within the working-age bracket were participating in paid employment during the initial quarter of 2023.

As per information sourced from asksource.info, wage employment encompasses any form of salaried or remunerated work, whether contractual or not, carried out for another individual, organization, or enterprise, encompassing both formal and informal sectors.

The NBS also revealed a decrease of 1.6 percentage points in the proportion of wage-employed individuals, dropping from 13.4 percent in the fourth quarter of 2022 to 11.8 percent in the first quarter of 2023.

According to the Nigeria Labour Force Survey report for the fourth quarter of 2022 and the first quarter of 2023 by the NBS, it states, “The percentage of wage employment stood at 13.4 percent in Q4 2022 and decreased to 11.8 percent in Q1 2023.”

Notably, the NBS did not present a specific total number for the working-age population in contrast to its prior report.

Back in 2020, the NBS estimated Nigeria’s working-age population to be around 122 million.

Further findings from the NBS unveiled that the majority of Nigerians are self-employed, with only a limited percentage engaged in wage-based employment.

The report underscores, “A majority of Nigerians are self-employed, whereas a smaller proportion holds salaried positions. In Q4 2022 and Q1 2023, 73.1 percent and 75.4 percent of employed Nigerians respectively were involved in their own businesses or farming activities as their primary occupation.”

On the flip side, 13.4 percent (in Q4 2022) and 11.8 percent (in Q1 2023) of employed Nigerians held wage-based positions as their primary employment. Another 10.7 percent (in Q4 2022) and 10.5 percent (in Q1 2023) of employed Nigerians were primarily engaged in supporting household businesses, receiving compensation or returns indirectly, even if it wasn’t their own enterprise.

A small percentage of employed Nigerians were mainly occupied as apprentices or interns (2.6 percent in Q4 2022 and 2.2 percent in Q1 2023). Those assisting household members employed by others constituted about 0.2 percent in both Q4 2022 and Q1 2023.

The report also brought to light the correlation between gender, educational attainment, age, and urban-rural residence with the probability of holding wage-based jobs.

Men in employment were more inclined towards wage-based occupations than their female counterparts. Individuals with higher educational qualifications, particularly those with post-secondary education, were more likely to hold wage-based jobs. People aged above 65 and those aged between 15 to 24 were the least likely to be primarily engaged in wage-based work. Urban-dwellers had a higher likelihood of engaging in wage-based jobs compared to rural-dwellers.

Despite some improvements, Nigeria still grapples with one of the highest unemployment rates in contrast to its neighboring countries.

NBS data showcased an unemployment rate of 0.7 percent in Niger, 3.9 percent in Ghana, 1.5 percent in Chad, and 1.8 percent in Benin. Both Cameroon and Nigeria shared an unemployment rate of 4.1 percent.

However, the NBS’s modified methodology has faced criticism, with opponents arguing that it doesn’t present an accurate reflection of the country’s reality.

Zimbabwe: Incumbent Emmerson Mnangagwa has been declared winner Zimbabwe Election

Ranks-Staff
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Zimbabwe: Incumbent Emmerson Mnangagwa has been declared winner Zimbabwe Election

RECENT ELECTIONS IN AFRICA 🤦🤦

Zimbabwe: Incumbent Emmerson Mnangagwa has been declared winner with 52.6% of the vote, despite widespread criticism of the election’s irregularities by the opposition and international observers. Mnangagwa, nicknamed “the crocodile” for his ruthlessness, has been in power since 2017 when he succeeded Robert Mugabe. However, his ruling party, ZANU-PF, has been in power for 43 years and has faced accusations of rigging elections using state institutions. Observers also noted the arrest of election observers and police accusations of “unlawfully” tabulating results.

 

Gabon: Following an election marred by significant voting delays, the government on Saturday imposed a curfew and blocked internet access in the entire nation. Gabon held presidential, legislative, and local elections concurrently for the first time, causing concerns that electoral system changes might undermine the result’s legitimacy and potentially lead to unrest.

 

At times, one might wonder whether a military coup could be a more efficient option for Africa. Why spend billions on elections if the intention is to disregard the results? Redirect those funds toward more pressing needs instead! 🤦🤦

#democracy #zimbabwe #gabon #africa

The Essential Role of Branding and Corporate Public Relations in the Nollywood Movie Industry – PR Strategist Adesina Kasali 

Ranks Screen
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The Essential Role of Branding and Corporate Public Relations in the Nollywood Movie Industry – PR Strategist Adesina Kasali 

The Essential Role of Branding and Corporate Public Relations in the Nollywood Movie Industry – PR Strategist Adesina Kasali

The Nollywood movie industry has experienced tremendous growth and recognition over the years. As the industry continues to evolve, it becomes increasingly important for Nollywood production companies and individual actors to establish a strong brand and maintain effective corporate public relations. This publication aims to highlight the essential role that branding and corporate public relations play in the success and growth of the Nollywood movie industry and individual actors.

 

Branding is crucial in helping Nollywood entities create a unique identity that sets them apart from competitors. A strong brand identity allows production companies and actors to establish a lasting impression in the minds of audiences. This identity helps create recognition, loyalty, and trust, ultimately leading to increased viewership and support.

 

A well-established brand image and effective corporate public relations can be instrumental in attracting investors to the Nollywood industry. Investors are more likely to support projects and productions that have a positive public image and a strong brand presence. This financial support can lead to increased funding, improved production quality, and greater opportunities for growth.

 

Branding and corporate public relations strategies can enable Nollywood to connect with its audience on a deeper level. By effectively communicating brand values and messages, Nollywood can build a loyal fan base that identifies with the industry. Engaging the audience through various channels, such as social media and events, can lead to increased viewership, ticket sales, and overall success.

 

Every industry faces crises, and Nollywood is no exception. However, having a strong brand and effective corporate public relations can help navigate these crises successfully. By promptly and transparently addressing issues, the industry can minimize damage to its reputation and maintain public trust. A well-managed crisis can even strengthen the brand’s resilience and credibility.

 

In the dynamic and competitive Nollywood movie industry, branding and corporate public relations are essential for success and growth. Building a strong identity, attracting investors, engaging the audience, gaining international recognition, and effectively managing crises are all key elements that contribute to the industry.

Alibaba introduces a novel AI model with advanced capabilities.

Tosin Ranks
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Alibaba introduces a novel AI model with advanced capabilities.

Alibaba has introduced a new artificial intelligence model that surpasses its previous products in comprehending images and engaging in more intricate conversations, intensifying the global competition for technological dominance.

The Chinese tech giant unveiled two novel models, Qwen-VL and Qwen-VL-Chat, which will be available as open source resources.

This means that individuals, educational institutions, and businesses globally can utilize these models to build their own AI applications, eliminating the need to train their own systems and saving time and resources.

The Qwen-VL model is capable of addressing open-ended queries related to various images and generating descriptive captions for them. On the other hand, Qwen-VL-Chat caters to more intricate interactions, such as analyzing multiple image inputs and responding to multiple rounds of questions. Some of the tasks Qwen-VL-Chat can accomplish include crafting stories and producing images based on user-inputted photos, as well as solving mathematical equations depicted in pictures.

One illustrative instance provided by Alibaba involves an image of a hospital sign in Chinese. The AI can interpret the image of the sign to answer inquiries about the locations of specific hospital departments.

While generative AI, where technology generates responses based on human input, has predominantly centered on textual content, the most recent version of OpenAI’s ChatGPT can also grasp images and reply in text, resembling Qwen-VL-Chat’s capabilities.

Alibaba’s latest models build upon its extensive language model named Tongyi Qianwen, which was launched earlier in the year. Large language models (LLMs) are AI models trained on vast datasets and form the foundation for chatbot applications.

In addition to these developments, Alibaba recently made two other AI models open source.

While this move doesn’t yield licensing fees for Alibaba, the distribution of these open-source models will expand the user base for its AI technology, a strategic move at a time when the company’s cloud division is seeking renewed growth as it approaches its public listing.

“Awoniyi matches Salah’s goal record as Forest suffers defeat.”

Tosin Ranks
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0
“Awoniyi matches Salah’s goal record as Forest suffers defeat.”

Nigerian striker Taiwo Awoniyi found the back of the net for the seventh consecutive time in the Premier League, as Nottingham Forest faced a 3-2 defeat against Manchester United at Old Trafford on Saturday.

Awoniyi, the former Union Berlin forward, has now become the first Forest player to achieve the remarkable feat of scoring in seven consecutive games.

He joins the ranks of Mohammed Salah and Emmanuel Adebayor as the only Africans who have accomplished this impressive record.

Awoniyi displayed his prowess early in the match, securing Forest’s lead with a brilliantly executed 86th-second goal, followed closely by Willy Boly’s free-kick goal.

In an unprecedented turn of events, Manchester United found themselves trailing by two goals within the first four minutes of a Premier League match.

However, their resilience shone through as Christian Eriksen managed to pull one back with a goal from a Marcus Rashford cross.

Casemiro squandered a golden opportunity to level the playing field but quickly made amends shortly after halftime, capitalizing on a cleverly executed free-kick routine to find the back of the net.

Worrall’s dismissal, resulting from denying Fernandes a clear goalscoring chance, injected United with renewed energy.

The skipper soon sealed their victory by converting a penalty kick after Danilo was deemed to have brought down Rashford.

This match marked United’s first appearance since the agreement on Mason Greenwood’s departure from Old Trafford.

Injuries led Mason Mount and Luke Shaw to watch from the directors’ box.

The lineup saw three changes against a dynamic Forest side that launched a swift and aggressive counter-attack.

Following an early Antony shot, a corner led to a clearance by Steve Cooper’s men, and Morgan Gibbs-White’s header set the stage.

Awoniyi displayed exceptional determination and strength, outplaying Rashford to gain possession in his own half.

With remarkable composure under pressure, Awoniyi evaded Andre Onana, ultimately slotting the ball past him to find the back of the net.

“I did not engage in cheating against Joshua,” clarified Helenius.

Tosin Ranks
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0
“I did not engage in cheating against Joshua,” clarified Helenius.

Finnish heavyweight boxer Robert Helenius has strongly denied any wrongdoing in his match against Anthony Joshua at the 02 Arena on August 12.

Before the fight, Matchroom Boxing reported that a pre-fight doping test revealed a concerning result for a non-steroid substance.

Helenius stepped in to face Joshua on short notice after Dillian Whyte was removed from the main event due to a failed test by the Voluntary Anti-Doping Agency (VADA).

This victory marked Joshua’s first stoppage win since late 2020.

In a statement issued on Saturday, Helenius maintained his innocence and assured Anthony Joshua and fans that he has always been a clean fighter.

He emphasized that he has never used any performance-enhancing substances and has been consistently tested throughout his career.

He volunteered to cooperate with both VADA and the BBBofC (British Boxing Board of Control) to clear his name.

The test in question was conducted on August 11, and the results were shared with all involved parties 14 days later.

Helenius had previously criticized doping in boxing, noting that failing a test for performance-enhancing drugs would result in a ban from competing in his home country.

This situation marks the third occurrence of doping-related news in August.

The first was Dillian Whyte’s VADA test, followed by Alycia Baumgardner, the undisputed super featherweight champion, failing a Drug Free Sport test.

Helenius, who had recently won a low-level match in his home country with a third-round knockout, managed to hold his own against Joshua, taking the fight to the seventh round before being knocked out by a powerful right hand.

BBNaija All Stars: “He has a very strong dimkpa” ― Uriel reveals what she saw while sharing bathroom with Pere

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BBNaija All Stars: “He has a very strong dimkpa” ― Uriel reveals what she saw while sharing bathroom with Pere

BBNaija All Stars: “He has a very strong dimkpa” ― Uriel reveals what she saw while sharing bathroom with Pere

 

Evicted Big Brother Naija All Stars housemate, Uriel Oputa has revealed that she saw Pere Egbi’s nakedness while in the Big Brother’s house.

Uriel who made this known in the latest interview with DSTV on Tuesday said Pere has a big manhood.

 

BBNaija All Stars: “He has a very strong dimkpa” ― Uriel reveals she saw Pere’s nakedness while in the house

Ex-BBNaija housemate, Uriel Oputa

BBNaija All Stars housemate, Uriel OputaAccording to Uriel, in a clip of the interview going viral on social media, she was able to see it because they all shower together.

 

Recall that Uriel was evicted from the reality show last two Sundays, making her the second housemate to be evicted after Princess.

 

A jury comprised Teddy A., Laycon, and Diane voted for her eviction.

 

Uriel who hails from Imo State participated in the 2018 edition of Big Brother Naija.

 

She is a British Nigerian and was born in the United Kingdom, She spent her younger years there before relocating to Nigeria after completing her education.

 

She is a singer, songwriter and businesswoman.

 

The beautiful Imolite after her eviction had also revealed that she and pere planned to have children together.

 

According to her, they would consider having kids together if none of them is married within the next few years.

 

The 35-year-old singer disclosed this while appearing on Pulse’s One On One hosted by former reality star, Christy O.

 

Uriel said, “As for Pere, we have actually joked about if we are not married or we don’t have kids in the next few years, we shall have kids together.

 

“And I think it is not a bad idea to have kids with him. He is handsome and tall. I actually get along with him. Maybe some people would look at him in a certain way, but I think he would make an absolutely good provider.”

Have Been Away To Prepare For The Future – Tayo Sobola

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WHY I TOOK A BREAK FROM ACTING —TAYO SOBOLA

 

It is no longer news that celebrated Nollywood actress, dancer and model, Tayo Sobola, also known as Sotayo, has been away from the screens for some time now.

However, news coming from the screen diva revealed that she was away from the industry to prepare herself for the future.

 

It was reliably gathered from sources close to the delectable actress that she deliberately took a break from the industry to rejuvenate and work on something new.

 

Sobola was quoted to have said that “I am about to stage a comeback in a big way. One of the reasons for my absence is because I needed time to face some other things and prepare myself well for the tasks ahead.

 

“I went back to the drawing board to prepare myself for the future. Our industry has become more dynamic and this requires a lot from those of us, who know their onions.

 

“My best is yet to come, so I decided to maintain a low profile to move to the next level and come out big to give my fans what they truly deserve for being there for me over the years.”

 

During this period, Sobola was said to have taken several courses including those covering public speaking, while she also took a break to face other businesses and entrepreneurship as an ambitious young lady with so much energy and inspiration.

 

Pril-Two Reporter

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