SimplePay Partners LCC on Toll Payment

Image

By Modupe Gbadeyanka

A Nigerian payments solutions company, SimplePay, has announced a partnership with the Lekki Concession Company Limited (LCC), to provide an innovative solution for LCC e-Tag customers to top-up their account through PayReminder.

The PayReminder will alert e-Tag users/customers to make payment into their toll account when their balance is low, through an SMS on their registered GSM line.

The SMS comes with a payment link, which when clicked, allows the user to conveniently top-up their account by following the instructions to complete the payment. The customer’s account will be credited instantly.

The service is a safe and convenient way for e-Tag users to make payment from the comfort of their homes and offices without having to queue up at the LCC customer service centres or other physical outlets to top-up their toll account.

SimplePay Limited also offered registration for and migration of existing cash paying customers to the e-Tag platform.

Such customers will improve their time of passing through the toll gates significantly by gaining access to the speed lanes and the dedicated e-Tag Only lanes, while paying discounted toll tariff.

CEO of SimplePay Limited, Mr Simeon Ononobi, said the partnership would provide a convenient solution to e-Tag and cash paying customers by reducing the stress of having to go to the LCC office to to-up their account whenever their balance is low.

He said cash paying customers migrating to e-Tag will pay less and enjoy quicker drive through the toll plaza.

Mr Ononobi pledged that SimplePay limited will continue to work with LCC to offer better solutions to its customers. “For me this is just the beginning of a great working relationship between two forward thinking entities”.

Managing Director/CEO of LCC, Mr M.M. Hassan, commended the PayReminder service, adding that the service would reduce the issue of cash collections at the toll plaza as well as traffic congestions.

Share
Related Stories
Image
23-February-2024

Port Harcourt Refinery to be Fully Operational Soon—FG

By Adedapo Adesanya  The federal government has disclosed that the Port Harcourt Refinery should become operational very soon as it has attained 80 per cent completion. The Minister of State for Labour and Employment, Mrs Nkeiruka Onyejeocha, during a tour of the facility, disclosed that the refinery would produce two million litres of Premium Motor Spirit, otherwise known as petrol, and 2.2 million litres of diesel per day upon resuming operations. In a statement by the Director of Press and Public Relations in the Federal Ministry, Mr Olajide Oshundun, it was further stated that the old plant should produce 54,000

Image
25-February-2024

Climate Change: Agric Experts Advocate Smart Farming Practices

By Bon Peters Agriculture experts have advocated “smart farming practices” to combat climate change, improve productivity and enhance food security in the country. They noted that if climate change challenges were not nipped in the bud, more than 52 per cent of the country’s agricultural production would be threatened by 2050. The experts under the aegis of the Society of Action in Nigeria (SCAN), in collaboration with the University of Port Harcourt, disclosed this during a workshop organized for women and youth leaders on Thursday in Port Harcourt the Rivers state capital. A Senior Lecturer in the Department of Agricultural

Image
23-February-2024

Naira Falls at NAFEX, Parallel Market as Govt Battles Speculators

By Adedapo Adesanya Despite the unconventional approaches to ease the free fall of the Naira, its value weakened against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Thursday, February 22 by 1.9 per cent or N28.73 to close at N1,571.31/$1 compared with the N1,542.58/$1 it was transacted in the midweek session. The domestic currency suffered the loss despite the supply of foreign exchange (FX) improving by 11.7 per cent or $20.11 million to $192.25 million from Wednesday’s $172.14 million. However, the local currency appreciated against the Pound Sterling in the official market yesterday by N142.83

Image
23-February-2024

Unlisted Securities Rise 0.33% After Recording Two Price Gainers

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.33 per cent appreciation on Thursday, February 22. This increased the wealth of investors by N5.16 billion during the session, with the market capitalisation growing to N1.576 trillion from the previous day’s N1.571 trillion. Following the same trend was the NASD Unlisted Security Index (NSI), which went up by 3.8 points to wrap the session at 1,162.77 points compared with 1,158.97 points recorded at the previous session. There were two gainers against one loser at the session on Thursday led by bellwethers – Aradel Holdings Plc and FrieslandCampina Wamco

More Stories
Image
23-December-2023

FG Declares Public Holidays for Christmas, New Year Celebrations

By Modupe Gbadeyanka Monday, December 25 and Tuesday, December 26, 2023, have been declared by the federal government as holidays in Nigeria to observe the Christmas and Boxing Day celebrations. In a statement issued on Friday by the Director Overseeing Office of the Permanent Secretary in the Ministry of Interior, Mr Peter Egbodo, the government also declared Monday, January 1, 2024, as a public holiday for the New Year celebration. “The federal government has declared Monday. December 25 and Tuesday, December 26, 2023, and Monday, January 1, 2024, as public holidays to mark Christmas and New Year’s Day celebrations, respectively,”

Image
12-October-2017

Wema Bank Holds EGM on Capital Restructuring

By Dipo Olowookere Wema Bank Plc has announced holding an Extra-Ordinary General Meeting (EGM), seeking the consent of its shareholders in a comprehensive Scheme of Capital Reduction pursuant to the procedures set out in Sections 105, 106, 107, 108, 109, 110, 111 and 120 of CAMA and Rules 4(d), 4(g) and 5(4) of the Company Proceedings Rules 1992. In a notice issued on Friday, September 29, 2017, the lender explained that it was pursuing this holistic approach to enable it position its balance sheet for better efficiency. Having been transformed to one of the leading banks within the Retail Banking

Image
19-June-2023

Malaria: Oyo Urges Parents to Present Wards for Chemoprevention Drugs

By Modupe Gbadeyanka Parents in Oyo State have been urged to bring their children under the ages of 3 to 59 months for chemoprevention drugs in a bid to prevent them from being overcome by malaria. The government is administering the drug to children in the state as part of its efforts to achieve zero malaria prevalence in children under the age of five. The drugs are being given to the children under the second phase of the Seasonal Malaria Chemoprevention Campaign (SMC) held in partnership with the Malaria Consortium. The programme was inaugurated in the Saki West Local Government

Image
21-January-2020

Pension Administrators to Execute Enhancement for Retirees Under CPS

By Adedapo Adesanya Pension Fund Administrators (PFAs) have been directed by the National Pension Commission (PenCom) to implement the second phase of the pension enhancement for retirees on programmed withdrawal under the Contributory Pension Scheme (CPS). The pension regulator disclosed this in a statement signed by Mr Peter Aghahowa, in Abuja, adding that the exercise is for CPS retirees who have accumulated significant growth in their Retirement Savings Accounts (RSAs). It was also disclosed that the scheme was eligible for people who retired between July 2007 and December 2017. PenCom also urged the retirees to contact their respective PFAs to

Image
31-July-2018

Ecobank Headquarters in Lagos Records Fire Outbreak

By Modupe Gbadeyanka A fire incident was recorded on Tuesday morning at the corporate headquarters of Ecobank Nigeria in Lagos. According to the financial institution, the disaster was caused by a diesel tanker, leaving customers and officials of the lender to run to safety. Ecobank, via its official Twitter page, said officials of both the federal and Lagos State fire service have brought the situation under control. The lender said no live was lost to the inferno just as it emphasised that its building was also not affected by the fire. “Officers of the Federal and Lagos State Fire Service

Image
18-February-2018

Stakeholders Seek Standards for Financial Services in Africa

By Modupe Gbadeyanka Stakeholders in the financial services industry in Nigeria have commenced participation in the development of African standards for financial services under the auspices of the African Organization for Standardization (ARSO). Welcoming members of the National Mirror Committee of the ARSO Technical Harmonization Committee on Good Financial Grant Practice (GFGP) (ARSO THC 12-2) to a meeting at the Standards Organisation of Nigeria (SON) corporate headquarters in Abuja, the Director General, Mr Osita Aboloma, stated that the establishment of the THC 12-2 further emphasizes the importance of standards in every facet of human existence. This, according to him, also

Image
12-January-2018

FG, States, LGs Share N609.96b in December 2017

By Dipo Olowookere In December 2017, the three tiers of government in Nigeria shared the sum of N609.96 billion from the revenue generated in November 2017. The amount was shared to the Federal Government, State Governments and Local Governments by the Federation Account Allocation Committee (FAAC). The amount disbursed comprised of N529.53bn from the Statutory Account and N80.43 billion from Valued Added Tax (VAT). Federal government received a total of N259.81 billion from the N609.96 billion shared. States received a total of N164.51 billion and Local Governments received N124.09 billion. The sum of N43.21 billion was shared among the oil

Image
07-April-2021

Sparkle Launches Service for Small Businesses

By Adedapo Adesanya Sparkle, a mobile-first digital ecosystem providing financial, lifestyle and business support services to Nigerians across the globe, has launched Sparkle Business to help small and medium business enterprises access the much-needed products and services to grow their enterprises digitally. Sparkle Business features include inventory and invoice Management which will help businesses maintain control over their payment requests and overall operations. It also has a payment gateway service to manage single and bulk payments more seamlessly, while the tax advisory/calculations will help evaluate business turnover and calculate tax filings. Payroll/Employee Management, on its part, will manage employee payments

Ad
Ad
Recent Stories
Image
26-February-2024

Global Finance Names Ecobank Best FX Bank in Nigeria

By Dipo Olowookere Ecobank Nigeria Limited has been named as the Best FX Bank under the Country & Territory Awards category for Nigeria in the 2024 Global Finance’s annual SME Bank Awards. The parent company of the lender, Ecobank Group, on its part, clinched the Best Bank for SMEs in Africa 2024 award, reflecting its unwavering commitment to meeting the specialised needs of SMEs across its diverse markets. At the award ceremony held on Tuesday, February 20, 2024, at the Glaziers Hall in London, the United Kingdom, Global Finance explained that the Nigerian subsidiary of the leading pan-African Banking Group

Image
26-February-2024

GTCO, FBN Holdings, Transcorp Close as Busiest Stocks on NGX

By Dipo Olowookere The trio of Guaranty Trust Holding Company (GTCO) Plc, FBN Holdings Plc, and Transcorp Plc ended as the busiest stocks on the Nigerian Exchange (NGX) Limited last week. They accounted for 343.584 million shares worth N9.431 billion in 5,659 deals, contributing 24.96 per cent and 29.86 per cent to the total trading volume and value, respectively Data obtained by Business Post showed that the market recorded a turnover of 1.377 billion shares worth N31.584 billion in 42,040 deals versus the 1.559 billion shares valued at N36.497 billion traded in 42,546 deals in the preceding week. Financial equities

Image
26-February-2024

Excitement as Tinubu Commissions Geometric Power Plant

By Aduragbemi Omiyale The city of Aba in Abia State is beaming with excitement as President Bola Tinubu is expected to commission the Geometric power plant today, Monday, February 26, 2024. The facility is the first integrated power plant in Nigeria. It is situated in the Osisioma Industrial area of Aba. It is expected to provide 24-hour electricity to the city and about nine of the 17 local government areas of the state. The 181-megawatt Geometric power plant cost about $800 million and was done by a former Minister of Power, Mr Barth Nnaji. Electricity from the plant will be

Image
25-February-2024

Customs to Adopt Stable FX Rate for Cargo Clearance

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has reviewed the formula for fixing foreign exchange (FX) rates for customs duties for cargo clearance after uproar over the constant changes in the rate. The apex bank asked the Nigeria Customs Service (NCS) and other related parties to adopt the closing FX rate on the date of opening Form M for the importation of goods, as the forex rate to be used for Import Duty Assessment,. This was disclosed by Mr Hassan Mahmud, the Director, Trade and Exchange Department of the CBN in a memo on Friday in Abuja. According

Image
25-February-2024

Climate Change: Agric Experts Advocate Smart Farming Practices

By Bon Peters Agriculture experts have advocated “smart farming practices” to combat climate change, improve productivity and enhance food security in the country. They noted that if climate change challenges were not nipped in the bud, more than 52 per cent of the country’s agricultural production would be threatened by 2050. The experts under the aegis of the Society of Action in Nigeria (SCAN), in collaboration with the University of Port Harcourt, disclosed this during a workshop organized for women and youth leaders on Thursday in Port Harcourt the Rivers state capital. A Senior Lecturer in the Department of Agricultural

Image
25-February-2024

VFD Group’s Adeniyi Adenubi Mentors Next Generation of Entrepreneurs

An executive director of VFD Group, Mr Adeniyi Adenubi, has mentored some students of the the Nigerian University of Technology and Management Scholars Programme (NSP). The mentoring session was to enlighten the next generation of entrepreneurs about the complexities of building a business, highlighting the impact of partnerships, entrepreneurial spirit, and service in the world of business, with the core message being Dream and believe in your dream. The Nigerian financial and investment expert spoke about his personal journey, which is intertwined with the dynamic principles of VFD Group, which include Entrepreneurial Ethos, Ambition, Agility, Partnerships, Innovation, Courage, and Commitment.

Image
25-February-2024

Why Trade Between India and Russia is Experiencing Upward Trend—Kotwani

By Kestér Kenn Klomegâh As President of the Indian Business Alliance (IBA) and the founder of the Imperial Tailoring Co., Sammy Kotwani, offers comprehensive insights on the evolving dynamics of Indian investment prospects in the Russian Federation. He also discusses, in this interview, aspects of business challenges and roadblocks in the context of geopolitical changes and competition as well as the current economic cooperation between India and Russia. Here are the interview excerpts: How would you characterize the geopolitical changes on investment prospects for Indians in Russian Federation? Geopolitical changes have significantly influenced investment prospects for Indians in the Russian

Image
25-February-2024

ECOWAS Lifts Sanctions on Niger, Mali, Guinea

By Adedapo Adesanya The Economic Community of West African States (ECOWAS) has resolved to lift some sanctions on Niger Republic, Mali, and Guinea. The resolution was taken at the extraordinary summit on the peace, political, and security situation in the ECOWAS sub-region in Abuja on Saturday. While the regional bloc said the political and a few targeted sanctions on the Niger Republic remain, it lifted some financial and economic sanctions on Guinea and others on Mali. Following the military coup in Niger Republic on July 26, 2023, which toppled President Mohamed Bazoum, ECOWAS imposed several sanctions on the country. Now,

Image
25-February-2024

SERAP Sues Wike, Governors Over Missing N40trn Allocations

By Adedapo Adesanya The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against Nigeria’s governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike, over their failure to account for the alleged missing N40 trillion federal allocations meant for local governments in the states and the FCT. The suit followed the damning revelations by former President Muhammadu Buhari who in December 2022 stated that “if the money from the federation account to the states is about N100 million, N50 million will be sent to the chairman but he will sign that he received N100 million.

Image
24-February-2024

Consumer Goods, Banking Stocks Lift Equity Market by 0.84%

By Dipo Olowookere The Nigerian Exchange (NGX) Limited rebounded by 0.84 per cent on Friday, lifted by bargain-hunting in the consumer goods and banking sectors. The consumer goods index went up by 4.05 per cent during the session, as the banking space increased by 0.67 per cent, while the insurance counter depreciated by 0.09 per cent, as the energy and industrial goods sectors closed flat. At the close of transactions, the All-Share Index (ASI) grew by 849.20 points to 102,088.30 points from 101,239.10 points, and the market capitalisation expanded by N464 billion to N55.861 trillion from N55.397 trillion. Business Post