Connect with us

News

PrimePay disburses over 1,000 loans in six months of operations, secures FCCPC approval

Published

on

…Promises Nigerians smarter digitally driven financial products

Prime Avis Investment Services Limited also known as “PrimePay,” a digital lending company, has announced that it has successfully disbursed 1,000 loans in less than six months of operations this is coming on the heels of the company’s recent approval from the Federal Competition and Consumer Protection Commission (FCCPC), which will further help boost its operations.

Speaking at a press parley, the Chief Technology Officer, Mr. Oreoluwa Faseru, expressed his gratitude to the company’s customers for their support and patronage, which has enabled the company to achieve this remarkable feat.

He said, “We are grateful to our customers for their trust and loyalty, which has helped us to reach this milestone. At PrimePay, we are committed to being a worthy financial partner to our customers by providing them with innovative financial solutions that meet their needs.”

Faseru added, “PrimePay has revolutionised the lending industry in Nigeria by leveraging several familiar channels to disburse loans, including USSD, WhatsApp, Instagram, and Facebook. This makes PrimePay the first of its kind in Nigeria to offer lending services through some of these channels, making it easier for customers to access loans conveniently. Customers can apply for loans by simply dialing *258*6# on their mobile phones, chatting with PrimePay’s Bot on WhatsApp number 08185460000, direct messaging to @prime.pay on Instagram, and @primepay on Facebook and simply saying “Hello.”

Additionally, Faseru said that “PrimePay’s digital lending platform is designed to provide quick and convenient access to credit for individuals and businesses. The platform offers flexible loan repayment terms, competitive interest rates, and a user-friendly interface that makes it easy for customers to apply for loans and manage their accounts. We offer other financially relieving products that take care of emergency needs and wants of our customers across board. It is a quick fix as long as you are fit for the loan which is aimed to save our customers from emergency needs that can cause embarrassment.

“With the recent approval from the FCCPC, PrimePay is poised to expand its operations and reach more customers across Nigeria. The company is committed to leveraging technology to provide financial solutions that are accessible, affordable, and convenient. We are not restricted by space or border; we go over and above to delight our customers and prospects making their experience a delectable one.”

Faseru appreciated PrimePay’s esteemed customers for their continued support and encouraged them to take advantage of the company’s digital lending platform to meet their financial needs.

He submitted, “We are committed to providing our customers with the best possible service, and we look forward to serving them better in the future. We are continuously developing products that will not only meet their emergency needs but also secure their dreams of fulfilling some salient ambitions financially. We aim to be a one-stop shop for your financial needs/support.

For more information on PrimePay and its services, please visit our website at www.primepay.africa

News

Individuals in forced labour in current job stood at 617,503 in 2022- NBS

Published

on

The National Bureau of Statistics(NBS) says no fewer than 617,503 individuals were in forced labour in their current job in 2022.

The NBS disclosed this in its Nigeria Forced Labour Survey Report 2022 released in Abuja on Thursday.

The bureau said forced labour as described in the International Labour Organisation(ILO) Forced Labour Convention, 1930 (No. 29), referred to:

“All work or service which is exacted from any person under the menace of any penalty and for which the said person has not offered himself voluntarily.”

The report said 5.2 out of every 1,000 individuals were in forced labour in their current job in 2022.

It said 36.2 per cent of individuals in forced labour in their current job were found in the agricultural sector.

“While 36.9 per cent of individuals in forced labour in their current job are found in the service sector, other than domestic work.”

The report revealed that 451,300 males and 166,203 females were in forced labour, while 270,545 were in urban areas and 346,958 were in rural areas.

“In terms of age group, 191,418 people were in forced labour in the 18 to 29 years old age group, and 317,052 people in the 30 to 49 years old age group.

“ In the 50 years old age group, 99,391 people were in forced labour,” the report said.

The NBS said overall, the prevalence of forced labour was similar across education levels for all groups except for individuals with a primary education level.

“This result shows that even highly educated individuals could be at risk of falling into situations of forced labour.

“The prevalence of forced labour is highest among individuals with primary education, for which 7.2 of every thousand individuals are in a situation of forced labour.

“This may be partially explained by the fact that individuals with only a primary education are not as well protected by their skills as the medium and highly educated individuals.”

The report revealed that married adults were slightly more likely to be in forced labour than unmarried individuals.

“With forced labour prevalence at 5.8 per every thousand individuals among married adults as compared to 4.1 per every thousand individuals among unmarried adults.”

It said out of individuals in forced labour in their current job, the most common form of coercion was withholding of payment of wages or benefits which was experienced by 35.2 per cent of individuals.

The report said among individuals in forced labour in their current job, the most common circumstance of involuntariness experienced was being made to work with no freedom or limited freedom to terminate their work contract at 29.7 per cent.

“This was followed by being made to stay at their job longer than agreed to without consent, which was experienced by 26.8 per cent of individuals in forced labour in their current job.”

Continue Reading

News

Pipeline Vandalism: CDS, others plan security summit

Published

on

The Chief of Defence Staff, Gen. Christopher Musa, says plans are underway for a security summit aimed at tackling challenges associated with securing oil and gas installations in the country especially pipelines.

Musa, who disclosed this on Thursday in Abuja when he visited Sen. Heineken Lokpobiri, Minister of State, Petroleum Resources (Oil), was concerned about the crude oil lost to economic saboteurs but vowed to put an end to it.

The CDS said the meeting with the minister was to strategise with all relevant stakeholders including the Army, Navy and Airforce, as well as other security agencies to deal with the challenge.

He said the proposed summit being organised by the armed forces and other security agencies in collaboration with relevant stakeholders, would deliberate on ways to boost national security.

“We are looking at the possibility of having a security summit to look at the issues on ground and challenges; deliberating on how best to tackle them together.

“We all know that Nigeria relies so much on petroleum resources and it is important for the ministry of petroleum resource to be supported for him to work efficiently and effectively.

“President Bola Tinubu has given us a mandate to ensure national security and ensure that Niger Delta Region and areas where oil production is going on, are given full support, to boost production level,” he said.

Musa assured that the armed forces of Nigeria were fully in support of the ministry and would provide it with the necessary support to ensure that Nigerians benefit from the God-given resource.

The CDS, while commending the minister, said there had been a lot of improvement in the sector since his assumption of office, especially on issues bordering on illegal refineries and environmental pollution which had gone down drastically.

“This shows that you are really doing well; we want to appeal to all Nigerians to join hands together to ensure that we secure our resources for our benefit.

“We are with you day and night, we will not hesitate,” the CDS assured.

The minister, while responding, expressed commitment to work closely with the CDS to fight pipeline vandals and those engaging in illegal refining of crude oil as well as oil thieves.

“We cannot completely eliminate crime but by working together with you, we will be able to reduce the menace to the barest minimum and reap the benefit from oil and gas production.

“Our commitment is to give you all the support needed, not just the ministry alone but all the agencies in the sector will work closely with you to reduce the menace.

“Federal Government has an obligation to ensure increased production, to take care of the feedstock needed for the Dangote Refinery, Port Harcourt Refinery and others, so as to have full benefit across the entire value chain,’’ he said.

According to Lokpobiri, every country in the world prioritises security and investment in its strategic assets.

He noted that the quickest way to solve Nigeria’s economic problems was through oil and gas.

“Today, oil sells for over 90 dollars per barrel and if we ramp up production, reduce the level of oil theft and pipeline vandalism, we will be able to raise enough money to fund budgets and stabilise the economy,’’ he said.

Continue Reading

News

Nwifuru inaugurates EBSU digitisation records management system

Published

on

Gov. Francis Nwifuru of Ebonyi has inaugurated the newly established Ebonyi State University (EBSU) digitisation records management system (DRMS) for electronic data of staff and students.

The project was built for easy management of records of both students and personnel of the institution.

Nwifuru, Visitor to the institution inaugurated the multimillion naira project on Thursday at the permanent site of the university at Ishieke in Abakaliki during the world press conference by Prof. Chigozie Ogbu, the Vicv-Chancellor of EBSU.

The press conference was part of activities lined up for 2024 combined 12th – 15th convocation ceremony of graduands from 2019 to 2022.

Nwifuru, represented by Prof. Amari Omaka, Commissioner for Tertiary Education, commended the VC and management of the institution for great works done to elevate the fortunes of the institution.

The governor assured that his administration would stop at nothing to ensure that education was taken to a level where it would be celebrated such that Ebonyi would be a hub for education tourism in the country.

“We are proud of you and your team for what you are doing to making sure that our vision is realised going by the issues of successes of academic achievements recorded by various departments, international achievements being recorded in terms of ranking, visibility and physical infrastructure.

“I am happy with the success of the university and the digitisation programme; we are leaving the era of analogue to digitisation.

“From what I have seen so far, you have taken a giant stride to ensure that all records are preserved electronically not just in our computers but also in a cloud.

“So, it is my pleasure to be part of this programme and to inaugurate this project for the use of our university,” Nwifuru said.

Earlier,, Prof. Eugene Nweke , deputy Vice -Chancellor, Academics, explained that the project was a brain-child of the VC aimed at efficient management of records and information of personnel and students.

Nweke said that the project was undertaken by world-class ICT firm, KSMART Digital Solution Records Management System.

“As one of the efforts to address difficulties in the management of records and information of staff and students, the VC deemed it necessary for digitisation of records and information of all personnel and students of the university.

“‘We deem it necessary that at this auspicious occasion of our convocation that a project of this magnitude be inaugurated as part of land mark achievements of the Vice -Chancellor,” Nweke said.

Meanwhile, Dr Innocent Ogbue, Chief Executive Officer (CEO), KSMART Solution, said that once the digitisation process was completed, the university would have minimal paper records.

He noted that the records and information of personnel and students stored in the system were error proof stressing that the company worked with the records office of the institution to achieve the success.

Continue Reading

Trending