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Zedcrest Retains Diversified Financial Services Group Award

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Zedcrest BAFI Awards

By Ahmed Rahma

For the second straight time, Zedcrest Group has been declared the winner of the Diversified Financial Services Group of the year award.

The new-age financial solutions powerhouse retained this award at the just-concluded BusinessDay Banks & Other Financial Institutions (BAFI) Awards in Lagos.

The management and staff of Zedcrest were congratulated for their devotion towards building inter-connected financial solutions across Africa by the publisher of BusinessDay, Mr Frank Aigbogun, during the presentation of the award to the company.

BAFI Awards identify and celebrate the financial institutions and leaders that have excelled across many areas, including financial performance, shareholder value creation, brand value accretion, corporate governance, sustainability, employment of new technology, compliance, innovation, and contribution to the industry’s overall growth.

The BAFI Awards are universally recognized as the benchmark of excellence in Nigeria’s financial services industry.

The Group Managing Director of Zedcrest, Mr Adedayo Amzat, in his remark, said the recognition was a reminder to hat there is a reward for hard work and an encouragement for the team to do more.

“It is needless to say that the business environment is getting more volatile, uncertain, complex and ambiguous by the day but with the right team and drivers in place, we were able to meet our proposed target for year-end.

“Despite the COVID-19 pandemic, #EndSARS protest and economic recession experienced in 2020, we were able to successfully launch our digital asset management and investment firm, ZIMVEST,” he said.

“This award is a reminder that there is a reward for hard work. I am particularly excited that we are winning these awards. This means a lot to us at Zedcrest Group and further reinforces our culture of dedication. It will inspire the team to do more and, certainly, we can only improve on our performance and win more awards in the coming years,” Mr Amzat added.

Also, Zedvance Finance Limited, a subsidiary of Zedcrest, bagged the Best Automated Loan Origination and Processing Company of the Year awards for its adoption of a paperless loan application process and prompt disbursement of loans to thousands of Nigerians.

Commenting on Zedvance Finance’s award, Mr Ever Obi, the acting Managing Director of Zedvance Finance Limited said: “We are very pleased to be recognized as the “Best Automated Loan Origination and Processing Company of the Year.

“This particular award reflects our continuous efforts towards promoting financial inclusion through technological innovation.”

“Part of our digital transformation strategy is to create a seamless process of capturing customers’ data, verifying creditworthiness of prospects and improving loan application experience of customers through our digital channels,” he added.

These awards were received just a few weeks after one of its subsidiaries, Zedcap Partners Limited (ZPL), emerged as the FMDQ Gold Award winner for the Best Brokerage Service Firm in Nigeria.

Ahmed Rahma is a journalist with great interest in arts and craft. She is also a foodie who loves new ideas. She loves to travel and would love to visit other African countries someday. She is a sucker for historical movies and afrobeat.

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Chicken Republic Introduces Improved Smokey Jollof Recipe

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Chicken Republic smokey jollof

By Aduragbemi Omiyale

To further reinforce its commitment to continuous enhancement of customer experience through menu innovation and quality improvements, Chicken Republic, Nigeria’s leading quick-service restaurant brand and a flagship brand of Food Concepts Plc, has improved its Smokey Jollof recipe across restaurants nationwide.

As a customer-centric brand, Chicken Republic regularly evaluates consumer feedback, dining trends, and product performance to ensure its menu continues to deliver the quality and value to which customers have become accustomed.

The updated Smokey Jollof is part of this ongoing commitment to continuous improvement.

The refreshed recipe represents the latest evolution of one of the brand’s most popular offerings.

Developed with a focus on richer flavour, greater consistency and an even more satisfying eating experience, the improved Smokey Jollof reflects Chicken Republic’s dedication to meeting the evolving tastes and expectations of its customers.

“At Chicken Republic, our customers are at the heart of every decision we make. We are constantly listening, learning and looking for ways to improve the experience we deliver.

“The improved Smokey Jollof is a reflection of that commitment. We’ve refined the recipe to deliver an even richer, more enjoyable taste experience while maintaining the flavour profile our customers know and love,” the Managing Director of Food Concept, Mr Olumide Aniyikaiye, stated.

“Great brands evolve with their consumers. This update is not about changing what people love, but about making it even better.

“We are confident that customers will enjoy the improved recipe and appreciate the attention we continue to invest in delivering quality meals every day,” Mr Aniyokaiye added.

The improved Smokey Jollof is now available at Chicken Republic outlets nationwide, allowing customers to experience a more flavourful and consistent version of a fan-favourite menu item.

This latest enhancement underscores Chicken Republic’s broader commitment to innovation, quality and creating memorable meal experiences for customers across Nigeria.

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NAFDAC Busts N42m Expired Baby Wipes Warehouse

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baby wipes

By Adedapo Adesanya

The National Agency for Food and Drug Administration and Control (NAFDAC) said it has uncovered a warehouse stocked with expired baby wipes intended for illegal revalidation and sale to unsuspecting consumers.

In a statement shared on X (formerly known as Twitter) on Monday, the agency said the value of the products is estimated at N42 million.

The agency said during the operation, its officers discovered over 240 cartons of expired baby wipes that had already been revalidated and repackaged, alongside approximately 20,000 additional expired wipes, equivalent to 625 cartons, awaiting revalidation.

NAFDAC said one suspect was apprehended at the scene, while the warehouse was sealed and the products evacuated for further investigation.

“The distribution and use of expired baby wipes pose significant health risks, particularly to infants and young children, including skin irritation, skin infections, allergic reactions, worsening of eczema or dermatitis, and an increased risk of diaper rash due to the reduced effectiveness of preservatives that inhibit microbial growth.

“The seized products are valued at approximately N42 million.

“We reaffirm our commitment to protecting public health by preventing substandard and expired regulated products from re-entering the market.

“Members of the public are urged to remain vigilant and report suspicious activities involving regulated products to the nearest NAFDAC office or call 0800 1 623322,” it stated.

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ALTON Supports NCC Call for Made-in-Nigeria Smartphones

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ALTON

By Adedapo Adesanya

The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has backed the call by the Nigerian Communications Commission (NCC) for local smartphone manufacturing to accelerate digital inclusion.

The ALTON Chairman, Mr Gbenga Adebayo, described the proposal as a practical measure capable of accelerating broadband adoption and expanding digital inclusion across the country.

He said Nigeria must deliberately transition from being predominantly a technology consumer to becoming an innovator, designer and manufacturer of digital technologies.

According to him, Nigeria’s large telecommunications market and youthful population provide the scale and human capital needed for world-class technology manufacturing.

The ALTON chairman said the country’s ambition should extend beyond assembling smartphones to developing complete technology capabilities across the value chain.

“Our ambition should extend beyond assembling devices. We must pursue genuine knowledge transfer, research and development, product engineering, software development, semiconductor capabilities and large-scale manufacturing,” he stressed.

He said the objective should be producing devices and digital technologies for Nigeria, Africa and the global market.

Mr Adebayo said the emergence of Artificial Intelligence had further strengthened Nigeria’s opportunity to become a competitive technology manufacturing hub.

He said Artificial Intelligence was transforming product design, manufacturing, quality assurance, supply chain management, customer experience and software innovation.

According to him, investing in AI-enabled manufacturing will improve productivity, create high-value jobs and strengthen Nigeria’s competitiveness across Africa.

NCC’s Board Chairman, Mr Idris Olorunnimben, at a Digital Africa Summit Roundtable in Shanghai, called for local smartphone production and innovative financing to tackle the proliferation of counterfeit and non-type-approved devices through stronger market integrity.

The ALTON boos described the grey market as a major challenge affecting consumers, Original Equipment Manufacturers (OEMs) and the wider telecommunications ecosystem.

According to him, robust local manufacturing supported by strong quality standards will provide credible alternatives to grey-market imports.

He said effective type approval, competitive pricing and consumer confidence would encourage wider acceptance of locally manufactured smartphones.

“This will strengthen consumer protection, improve network performance, retain greater value within our economy, and stimulate industrial growth,” he said.

Mr Adebayo also endorsed innovative smartphone financing, stronger device management systems and identity-enabled credit frameworks.

He added that the initiatives would enable more Nigerians to acquire quality smartphones through affordable payment models.

According to him, telecom operators remain ready to partner with the government, manufacturers, financiers, academia, investors and development partners to build sustainable local manufacturing.

The ALTON boss described the initiative as a national economic transformation agenda capable of creating jobs and strengthening Nigeria’s position in the global digital economy.

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