Business
Wema Bank Deepens Financial Literacy for SMEs with Webinar
Nigeria’s leading innovative bank, Wema Bank Plc, has again demonstrated its commitment to deepening financial literacy and optimisation among its customers, particularly SMEs, with a webinar themed ‘Unbundling Tax, Legal and Compliance – Issues for SMEs’ held on Thursday, May 20, 2021. It featured facilitators who shared insights on how SMEs can upscale their businesses and Wema products/services they can use.
The webinar, one of the avenues the bank is using to deepen financial literacy and business optimisation across its stockholder universe, featured Head, Legal Services, Wema Bank, Hilary Ajodo; Fiscal Policy Partner & Africa Tax Leader, Pricewater Coopers (PwC), Taiwo Oyedele; Head, Online Sales & Digital Platforms, Business Day, Linda Ochugbua and Head, Corporate Strategy & Planning, Wema Bank, Olufemi Akinfolarin.
Speaking on ‘Legal Challenges Faced by SMEs’, Ajodo said that business education and registration was essential for any serious-minded entrepreneur to avoid floundering.
He said that to thrive, “one of the first steps an entrepreneur who intends to run a business should take is to gain adequate knowledge of the business and decide on the nature of corporate entry to register.”
Ajodo said that entrepreneurs must endeavour to start small by registering their businesses as an enterprise before migrating to a Limited Liability Company and finding ways of minimising expenses to maximise profit.
He advised SMEs owners not to venture into businesses they are not sure of, sign any contract without adequate information, and avoid litigation as the first step in a dispute but explore alternative settlement means.
Ajodo added that they should get insurance for their business assets, adequately prepare for unforeseen trends by diversifying their business stream of income and being prepared for government policies that may affect any business.
Wema Bank’s Head of Legal Services further advised them to obtain loans only from legitimate sources, ensure they have a clearly stated business plan for profit maximisation, and join like-minded business associations.
He urged SMEs to avoid capital mismatch and approach Wema Bank as the best option to access business capital facility.
Also speaking, Taiwo Oyedele of PWC highlighted the significance of sustainable evolution of businesses and regulatory dynamic for success.
He said that “As an entrepreneur, you must think about how you grow your brand beyond you by keeping your eyes open for opportunities”.
He further urged SMEs to ensure they acquire financial literacy and composite business intelligence as this will enhance understanding of tax obligations, regulatory compliance and contractual processes of businesses.
Oyedele stressed the need for documentation and record-keeping of business transactions, noting that “Always keep your receipts and other confirmation of business relationships as evidence, and copy requisite institutions in case of litigation”.
Head, Online Sales & Digital Platforms, BusinessDay, Linda Ochugbua moderated the webinar while Head, Corporate Strategy & Planning, Wema Bank, Olufemi Akinfolarin, delivered the vote of thanks.
For more information visit the bank’s website at www.wemabank.com
Glo, Samsung Unveil Exclusive Galaxy S-25 Offer for Customers
Digital solutions company, Globacom, has teamed up with Samsung, world’s leading manufacturer of electronic devices, to bring a new offer to Glo subscribers. This tantalising deal allows Glo customers to pre-order the highly sought-after Samsung Galaxy S-25 smartphone and enjoy unique benefits.
Samsung Electronics unveiled its newest flagship smartphones: the Galaxy S25 series which comes with cutting-edge advancements in artificial intelligence (AI) and was designed to elevate user experience and set new standards in the industry on January 22, 2025.
The pre-ordering exercise kicked off on January 22 and closes on February 18, 2025 at Gloworld shops across the country. It gives customers the opportunity to select from the Galaxy S25 lineup, including the S25 Ultra, the top-tier and most sophisticated model, as well as the S25+ and the standard S25. They, however, come with different processors and storage options.
Customers who pre-order the Galaxy S25 or S25+ will receive complimentary gifts, including a Buds FE, a suit cover, and Samsung Care, while those opting for the Galaxy S25 Ultra, will receive a free Buds 3, a standing grip case, and Samsung Care.
Globacom is also delighting customers who purchase any model from the Galaxy S25 series with 18GB bonus data for 6 months under smartphone festival data plans, while they can also secure their pre-order at any Gloworld shop with an advance payment of ₦500,000. Pre-ordered phones will be delivered to customers from February 19 onwards.
“We are thrilled to bring this offer to our subscribers, who will enjoy unparalleled benefits, including innovative packaging. This partnership with Samsung reinforces our commitment to providing value-added services that cater to the evolving needs of our customers”.
The company advises other phone lovers who are yet to pre-order the new device to visit any Gloworld outlet close to them and join the list of the new owners of the Samsung S-25 phone before the expiry date.
Technology company, Globacom, on Wednesday opened another Gloworld retail outlet in the Borno State capital, Maiduguri.
The new Gloworld shop is the latest in Globacom’s trademark customer interface shops, and is equipped with the latest technology for fast and efficient customer service and complaints resolution.
According to Mr. Augustine Mamuro, Globacom’s Regional Sales Coordinator, North East, the opening of the centre is in line with its “desire to bring its services closer to the people, create more platforms for customers to have access to Globacom’s wide range of products and services and give them more exciting experience on the network.”
He added that Globacom’s approach to customer service “is one that is underpinned by innovation and total inclusiveness. This is why we are consistently seeking innovative channels to make available our array of services to them”.
Mamuro assured the people of Maiduguri that the office is manned by well-trained, polite and customer-friendly staff who will provide first-class services and attend to customers’ enquiries as well as their service and product needs.
He also said the new shop will offer affordable Glo products, devices, smartphones and accessories, adding, that the people are assured of quick and satisfactory resolutions of all issues ranging from SIM replacement and registration to recovery of over-scratched cards, refill, unblocking of phones and laptop configurations for internet, as well as post paid bill payments and purchase of all Glo and other complementary products”.
The Deputy Governor of Borno State, Alhaji Umar Umar Kadafur, who was the Special Guest at the event, eulogised Globacom for deeming it fit to open a new Gloworld in Maiduguri for the benefit of the people.
He lauded the management of the company for its thoughtfulness in bringing its products and services close to the people of the state.
Technology company, Globacom, on Monday in Ibadan, the Oyo State capital, presented Kia Picanto cars to two lucky winners in its ongoing loyalty reward promo, Festival of Joy. Sixty-five more winners went home with other exciting prizes including power generating sets, sewing machines and grinding machines.
One of the winners of Kia Picanto cars, 44-year-old Mr. Adeola Olatayo Silas, a Quantity Surveyor was short of words as he kept exclaiming, “wow,wow!” when he saw the sleek car on display. After recovering from the initial shock, he explained that he had always been a fan of Globacom who always hoped to win a prize in the company’s numerous giveaway promos. “I am so delighted my desire has today become a reality”, he said.
In the same vein, the other car winner, Mr. Seun Okeowo, 39, a Media practitioner, said he was conversant with Festival of Joy and had desired to win. He prayed God to grant Globacom the grace to go from height to height as it continues to spread joy across the country.
One of the winners of a power generator, Pastor Oluwole Abayomi, who resides in Akure said he didn’t believe when he received the call from Globacom. “In fact, my brother told me to be careful as it could be a ploy to kidnap me”, he said while praying for more prosperity for the company.
A sewing machine winner, Oluwole Babatunde Olusegun, an Ibadan-based teacher, said his next target is to win a car. “Meanwhile, this sewing machine has come in handy as my wife and children will learn fashion designing with it”, he said. Waheed Azeez, a 51-year-old trailer driver who won a grinding machine, disclosed that his wife would run a mill with it.
The Deputy Governor of Oyo State, Chief Adebayo Lawal, who was the Special Guest at the event gave kudos to the Chairman and management of Globacom for putting the promo in place for Nigerians. He said he had witnessed Globacom’s good gestures many times and wished other companies could emulate the brand. ” Globacom is a pride of Nigeria, nay Africa. It has continued to offer affordable and quality products and services for the benefit of Nigerians as it has empowered several people through its loyalty reward promotions like Festival of Joy, ” he added.
“The network is not just attracting customers but also giving back to them. This shows that it means well not only for the customers but also for Nigerians”, he added.
Globacom’s Head of Business West, Mr. Abdulazak Ande, explained that to participate in the Festival of Joy promo, new and existing subscribers should dial *611#, opt into the promo and keep recharging to meet the threshold for the various prizes. He added that new subscribers can participate immediately by purchasing a new SIM, registering it and dialing *611#.
The event was witnessed by representatives of the Nigerian Communication Commission (NCC), Engr. Akinwale Akanbi; brand influencers including comedian Seyi Law, Nollywood stars like Odunlade Adekola, Tunde Usman a.k.a. Okele, Bimbo Thomas and Toyin Abraham Ajeyemi as well as content creator, Kiekie.
