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Carbon Grows Revenue by 68.8% to N6.3bn

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Carbon Nigeria

By Adedapo Adesanya

Top Nigerian digital financial platform, Carbon, has revealed that its revenue for the year 2019 grew by 68.8 percent to N6.3 billion from N3.73 billion that it published in the preceding 2018.

This was contained in its recently released 2019 financial statements, where the firm also said the increase was as a result of its loan disbursement, which rose by 76.9 percent to N23.1 billion from N13 billion disbursed in 2018.

Carbon noted that its high growth was driven by its expansion into East African market of Kenya, adding that the added exposure gave it access to more Africans.

In 2019, Carbon noted that it disbursed over 975,000 loans which also saw improvement as it rolled out a loan top-up feature that allowed customers with active loans to access additional credit when needed. This boosted its revenue as it recorded over 25,000 loans top-up.

The expenses incurred by Carbon also increased last year by 60.9 percent from N3.5 billion in 2018 to over N5.6 billion.

The huge cost reported by the company affected its profit after tax, which went down by 23.7 percent to N112.6 million in 2019 as against the N147.2 million achieved in 2018.

To help customers make money, the firm introduced a one-time investment feature that allowed users to create an investment plan with as low as N100. At the end of 2019, Carbon users had invested a total of N2.8 billion.

Carbon, in addition, gave customers free bill payments along with cheaper transfers and fast transaction, more customers used the Carbon app for their payment services. This resulted in the number of transaction on the app increasing 23 times more than that of 2018. In total, 5.5 million bill payments worth about N51 billion were processed using Carbon

The company noted that the COVID-19 pandemic has led the company to reschedule loans for customers who have problems with repayments due to financial difficulties. It also added that it has been helping customers with about N20,000 in health benefits.

Carbon also announced its Disrupt Fund, a $100,000 Pan-African fund to address the lack of capital for African tech startups.

This year it is also making plans to introduce virtual and physical debit cards as well as a reward program for loyal customers and SME accounts for entrepreneurs.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Aleph Unveils Corporate Manifesto Video for 20th Anniversary

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Stanislaus Martins Alephs Managing Director for West Africa Media Evolution

By Aduragbemi Omiyale

A corporate manifesto video featuring employees from around the globe has been released by a leading global enabler of digital advertising, fintech services and education technology, Aleph Group, to mark its 20th anniversary.

The campaign captures the company’s unique philosophy, At Aleph, there’s no room for small dreams. That’s why big things happen.

The video highlights Aleph’s journey and commitment to empowering businesses and individuals by providing access to the tools and platforms they need to thrive in the digital economy.

It was created to celebrate two decades of innovation, growth, and its mission to make the digital world more accessible for everyone.

“Aleph’s success has been fuelled by its commitment to creating lasting value, extending the reach of digital advertising and making a difference in emerging markets.

“When we started, we didn’t dream of being part of the digital world; we dreamed of making it possible for everyone to be part of the digital world,” the manifesto reads.

Commenting, the Managing Director for West Africa at Aleph, Mr Stanislaus Martins, said, “Our collaboration with the Federal Ministry of Communications, Innovation and Digital Economy reflects our ongoing commitment to supporting Nigeria’s digital growth.

“With Aleph’s expanded partnership with Pinterest and TikTok, we can now offer brands in Nigeria access to one of the world’s leading visual discovery and social media platforms, helping them reach millions of users passionate about discovering new ideas.

“These partnerships unlock new opportunities for Nigerian advertisers to connect with engaged audiences, driving meaningful engagement and business growth. Together, we’re excited to help businesses in Nigeria thrive in the digital age.”

Also, the founder of the organisation, Gaston Taratuta, said, “Our success has always been about more than growth. It’s been about helping others grow, from our partners and clients to the communities we serve.>

From its humble beginnings in Miami in 2005 to becoming a global leader in the digital advertising ecosystem, Aleph has consistently challenged the status quo, breaking down barriers and creating opportunities in over 150 markets worldwide, with more than 60 exclusive partnerships, serving more than 26,000 advertisers globally and over 1500 employees worldwide.

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Swipe Right on Entertainment This Valentine’s Month with DStv and GOtv

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DStv and GOtv

February is here, and love is in the air. From grand romantic gestures to quiet family moments, this is the season to celebrate connections of all kinds – whether it’s romantic, platonic, or familial. But let’s face it: nothing pairs better with love than the perfect line-up of entertainment. That’s why DStv and GOtv are serving up a Month of Love packed with irresistible content for everyone, and every mood and moment.

Whether you’re planning a cozy date night, need something fun for family bonding, or just want to spend some quality me-time with your screen, February’s entertainment line-up promises to keep your heart full and your screen busy.

Step Up Your Love Story

Kickstart Valentine’s Month with DStv and GOtv’s Step Up offer, which gives you more entertainment for less. Upgrade your package, and we’ll take you a step higher – at no extra cost.

Here’s how it works: Upgrade from DStv Yanga to DStv Confam and enjoy DStvCompact for free. Move from GOtv Jinja to GOtv Max, and we’ll step you up to GOtv Supa. You get how it works, right? Upgrade, step up, and let us handle the rest – it’s that simple!

Celebrate Valentine’s Day in Style: Prepping a romantic meal? Let Magnolia Table With Joanna Gaines inspire your Valentine’s menu with Tex-Mex creations, dishes rooted in her Asian heritage, and plenty of ideas to make your table as heartfelt as your plans. Catch Season 8 on the Food Network from Thursday 6 February at 3:05PM.

After preparing dinner, let love take centre stage on Friday 14 February with TNT’s Buddy Love Day. If chocolates and roses aren’t your thing – laugh, cry, and cheer with a line-up of buddy comedies and heartfelt portrayals of friendship, including:

The Proposal at 5:35PM, Cop Out at 7:30PM, Die Hard with a Vengeance at 9:20PM.

Looking for something classic? MovieRoom has you covered with classic love stories like The Notebook and 50 First Dates every Wednesday night throughout February at 7:00 PM.

Sports Fans, This One’s for You: Keep the action going with the Carabao Cup Semifinals on 5 and 6 February, and the Premier League clash: Spurs vs Man United on Sunday 16 February.

Kids’ Content That Brings Families Together: Let the little ones join in the fun with love-filled adventures on DStv’s kids’ channels. On Cartoonito, the Happy Valentine Stunt airs on Friday 14 February at 3:30PM with love-and-friendship-themed episodes from favourites like Masha and the Bear and Cocomelon.

Over on CBeebies, shows like Love Monster and JoJo & Gran Gran explore kindness and community, while Barney’s World shares lessons in love and friendship every weekday at 3:15PM. Disney Channel highlights empowering stories with the Girls in Science Stunt (10–14 February), featuring characters like Ghost Spider.

From laughter to lessons, there’s something for every young heart.

Make Your Move

This Valentine’s Month, let DStv and GOtv be your perfect Valentine. With heartwarming stories, action-packed drama, and family-friendly fun, there’s no better way to celebrate love in all its forms. Upgrade your DStv or GOtv package through the MyDStv or MyGOtv app, or visit www.dstvafrica.com or www.gotvafrica.com. Prefer streaming? Download the DStv Stream to enjoy unlimited entertainment.

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Signs It’s Time to Replace Your Old Boiler

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Squires And Duran

When to replace a boiler can begin with knowing the age of your system. Most modern boilers are built to serve their purpose for around 10 to 15 years. When your system has reached, or even passed, this mark, it may be wise to look into new, more energy-efficient systems. Technology is advancing significantly, providing better performance and reliability in new models.

  • Increasingly Expensive Energy

When your monthly energy bills start increasing despite similar usage patterns, it may be a sign that your boiler is becoming less efficient. A boiler replacement can result in considerable improvements in energy consumption. Modern systems are designed with advanced energy-saving features that help maintain comfortable temperatures while operating more efficiently.

  • Changes in Water Temperature

If you have noticed inconsistent water temperatures or longer waiting times for hot water, these could be signals that your boiler is working harder than necessary. Modern replacement options offer superior temperature control and faster heating responses, ensuring consistent comfort throughout your home.

  • Unusual Sounds and Operations

Gentle operational sounds are normal for any boiler, but if you notice new or unusual noises, it might be time to consider an upgrade. Modern replacement systems operate quietly and smoothly, providing peace of mind along with reliable heating performance.

  • Frequency of Repairs

When your current system needs more frequent attention from heating professionals, investing in a replacement may be more economical. New boilers come with manufacturer warranties and require minimal maintenance in their early years, offering greater reliability and peace of mind.

  • Room Temperature Variations

If the rooms in your house feel cold compared to others, or you are having difficulties with maintaining similar temperatures, you probably have an underperforming heating system. Replacing the boiler can help ensure the heating is more uniform and consistent throughout the home.

  • Environmental Factors

Modern boiler systems are designed with the environment in mind. Selecting a replacement can reduce your carbon footprint and provide better heating performance. Newer models are designed to produce fewer emissions while maximizing efficiency.

  • Improved Control Options

Today’s boiler models offer smart features not available in older models. Some of these include programmable settings, remote control, and adaptive learning technologies that learn about your lifestyle and preferences.

  • Space and Aesthetics

Modern boilers are often more compact and visually appealing than their predecessors. A new boiler can free up valuable space in your home while providing a more contemporary look. These newer systems can be installed in various locations, offering greater flexibility in home design.

  • Future-Proofing Your Home

A boiler is an investment that future-proofs your home’s heating system by allowing installation compatible with smart home technology and integration with other heating solutions for possible upgrades or additions to the heating system in the near future.

Conclusion

Choosing a new heating system or a new boiler may lead to you making some comfortable choices with a heating upgrade that benefits the overall well-being of your house. Proper assistance from experts, the right advice on new products and techniques in current technology, and good engineering will help you acquire an ideal heater. An upgraded boiler comes with the comfort of the assurance of effective home heating provided by technology nowadays.

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