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Nigeria’s Central Bank Unveils E-Learning Platform SabiMoni, to Deepen Financial Inclusion

By
Ojukwu Emmanuel
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0

The Central Bank of Nigeria in a bid to deepen financial inclusion in the country has launched an e-learning platform known as ‘SabiMoni’.

The platform is a fully designed digital national e-learning portal that provides a comprehensive knowledge base for financial literacy. SabiMoni aims to serve as a repository of information for both learners and researchers, thereby bridging the gap in financial knowledge and understanding.

Speaking at the launch of the e-learning platform, CBN governor Godwin Emefiele said that the platform was built to provide a knowledge base for financial literacy, adding that it is aimed at providing individuals with the opportunity to be trained to become Certified Financial Literacy Trainers (CFLT) through self-service.

In his words,

“The platform is aimed at supporting our efforts toward ramping up the number of experts that can be used to drive financial education in the country and perhaps beyond. One of the key drivers of financial inclusion today, is no doubt financial literacy.

“It is a prerequisite for greater financial inclusion, which would lead to the stability of the financial system and ultimately economic growth and development. The pace of financial inclusion is directly related to the level of financial literacy and financial Capability”.

Emefiele stated that the absence of or low levels of financial literacy constituted an impediment to financial inclusion. He said to address the financial inclusion gaps, the National Financial Inclusion Strategy 2022, identified increasing adoption and usage of financial services in priority demographics.

The CBN governor further expressed optimism that the platform will boost consumers’ confidence in the uptake of the utilization of digital financial services, thereby contributing to the stability of the financial system in Nigeria.

There is growing recognition that financial literacy has an important role to play in financial inclusion. In the developing world, people are excluded from formal financial services for many reasons. One common issue is that banks use jargon, or even fail to provide marketing and product information in local languages.

With the launch of SabiMoni, the country now has a knowledge base where citizens can learn about financial literacy at their own pace, from the comfort of their homes. Notably, the CBN has set a target of achieving 94 percent financial inclusion by the end of January 2024.

It is worth noting that financial inclusion in Nigeria has had undeniable successes, with the onboarding of residents to the banking sector, but the overall exclusion rates continue to exceed official targets due to low financial literacy.

While Nigerians with bank accounts or mobile wallets can access critical loan products and build a credit history, those without access to digital financial services and products are shut out from these life-changing services that could improve their financial situations.  

Policing Deviant Musicians in Nigeria

By
Mutiu Iyanda
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0

In any media system, music is a component that is essential for the full creation of media products, particularly when those products are meant to enliven people through rhymes that deal with a variety of psychological issues and unite them despite cultural and linguistic differences. When this strategy is used, one can say that music nourishes love and sustains the required social cohesion. However, one could say that music turns into a destructive tool in the hands of those who are expected to uphold the norms when the artistes create content and act in ways that are in opposition to the accepted and existing norms.

This position has already been captured in the previous two pieces by our analyst with the examination of what Nigerians have been saying on digital platforms about Seun Kuti’s police assault. As stated in one of the pieces, Nigerians used the incident to reenact similar discourses they expressed some months ago when Habeeb Olawunmi, popularly known as Portable or Dr Zeh, harassed police officers at his clubhouse. Clearly, the majority of people on digital platforms and those who spoke with mainstream media outlets called out the two musicians, labelling them as deviants and disrespectful.

As the conversations continue, our analyst discovers that different moral panics are being created by moral entrepreneurs. One of the moral panics observed in several tweets is the idea that Seun Kuti is a danger to society because of his supposed disrespect for law enforcement. This is evident in tweets such as “Seun Kuti is a menace to society; he has no respect for law and order” and “Seun Kuti should be ashamed of himself for slapping a police officer; this is unacceptable behaviour.” The focus is on Seun Kuti’s actions as a threat to society rather than the actions of the police officer.

Similarly, in relation to Portable’s police assault, there is also a moral panic that focuses on the supposed threat he poses to society. This is evident in tweets such as “Portable is a menace to society; he has no respect for authority” and “Portable’s behaviour is unacceptable and should not be tolerated.” Specifically, both Seun Kuti’s and Portable’s actions are being framed as deviant and threatening to society, which is leading to the creation of moral panics by the users. However, it is essential to consider the larger social and political context in which these incidents occurred and question the power dynamics at play between law enforcement and citizens.

A Framework for Policing the deviant musicians

Community Policing: The police should work closely with the communities where musicians live and work to identify and prevent deviant behaviour. This will involve building relationships with community leaders, educating them on what to look out for, and working together to address issues as they arise.

Regular Training: The police should receive regular training on how to deal with musicians and other members of the creative industry. This will include training on cultural sensitivity, de-escalation techniques, and the appropriate use of force.

Accountability: Police officers who violate the rights of musicians should be held accountable for their actions. This will involve a system for investigating complaints, and appropriate disciplinary measures for officers found to have acted improperly.

Collaboration: The police should collaborate with other government agencies, such as the National Council for Arts and Culture, to create guidelines for the conduct of musicians. These guidelines should be reviewed periodically and updated as necessary.

Rehabilitation: Finally, the police should work with musicians who have been found to have engaged in deviant behaviour to rehabilitate them. This will involve counselling, mentorship, and other forms of support to help them reintegrate into society and become positive role models for others.

USSD and Why Nigeria’s Finest Banking Product Must be Saved with Telcos

By
Ndubuisi Ekekwe
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1

It is a very big paralysis and we hope this does not happen. Yes, “Nigerian mobile network providers will stop their Unstructured Supplementary Service Data (USSD) to banks until the financial service providers clear a total of N120 billion ($259 million) debt they accumulated in about nine years.” 

Good People, when you see Aneke the bird dancing by the roadside, pay attention, someone is playing the drum. The amazing USSD system which has advanced Nigerian banking is possible because of the telcos.  It would be very bad if that drum stops playing; it must not happen. A service level agreement ought to have defined payment and compensation.

The telcos need to be compensated and those comparing the US system with Nigeria do not understand the differences in the two systems. In the US, most phone lines are under contracts, and those not under contracts require that you have credits to receive calls and messages. 

So, if your bank is sending a payment confirmation, you will “pay” to receive it, and that means the telcos are paid by you. In Nigeria, you do not need to have credits to receive calls or messages, creating  an entirely different scenario for the compensation of telcos.

My recommendation? Banks should ask for discounts for regular messaging service and send some money to telcos. Someone has to pay the telcos, but it must be discounted due to the volume involved here. Nigerian telecom users must not be asked to cover these fees since by design, receiving messages in Nigeria have always been free! And initiating USSD transactions largely happen from the banks’ side.

How Can CRM’s Help Streamline Your Business Workflow?

By
TI Partners
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0

Customer Relationship Management (CRM) refers to businesses’ strategies and technologies to manage and analyse their interactions with existing and potential customers. It focuses on building strong, long-lasting customer relationships by understanding their needs, preferences, and behaviours. CRM systems enable businesses to streamline and automate various customer-related processes, such as sales, marketing, and customer service.

By centralizing customer data and providing actionable insights, CRM helps businesses personalize their interactions, deliver exceptional customer experiences, and foster customer loyalty. With effective CRM software monday.com, businesses can enhance customer satisfaction, increase sales and revenue, and gain a competitive edge in today’s customer-centric marketplace.

Customer Relationship Management (CRM) software can help streamline your business workflow by centralizing customer information, automating processes, and providing insights into customer behaviour. The software helps businesses personalize their interactions, deliver exceptional customer experiences, and foster customer loyalty. With effective Customer Relationship Management, businesses can enhance customer satisfaction, increase sales and revenue, and gain a competitive edge in today’s customer-centric marketplace.

Here are some ways as to how CRMs can benefit your business workflow:

Centralized Customer Information
A CRM system centralizes customer information, including contact details, interactions, purchase history, and preferences, into a single database accessible to all departments. This ensures that all teams have access to the same accurate and up-to-date customer data, eliminating the need for manual data entry and reducing the risk of errors.

Automating Processes
A CRM system automates lead generation, lead nurturing, and customer segmentation, freeing up time and resources for other tasks. For example, a CRM can automatically send personalized emails to leads based on their behaviour on your website or social media pages. This automation ensures that leads are nurtured at every stage of the sales funnel, increasing the chances of conversion.

Improved Communication
A CRM system can improve organizational communication by providing a centralized platform for all customer-related activities. Teams can collaborate and share information, eliminating the need for manual handovers and reducing the risk of miscommunication. Moreover, a CRM can integrate with other communication channels, such as email and social media, providing a seamless experience for customers across all touchpoints.

Efficient Sales Processes
A CRM system can help streamline sales processes by providing real-time insights into the sales pipeline, enabling sales teams to prioritize leads and opportunities. A CRM can also automate tasks such as lead scoring and deal tracking, reducing the need for manual intervention and increasing the speed of the sales cycle.

Improved Customer Service
A CRM system can improve customer service by providing a centralized platform for customer interactions. Customer service teams can access customer information and interactions history, enabling them to provide personalized and timely support. Moreover, a CRM can automate tasks such as case assignment and resolution tracking, ensuring that customer issues are addressed promptly.

Accurate Reporting and Analysis
A CRM system provides insights into customer behaviour and business performance, enabling you to make data-driven decisions. A CRM can generate reports on key metrics such as lead conversion rates, sales pipeline velocity, and customer satisfaction, providing a holistic view of your business performance. Moreover, a CRM can integrate with other analytics tools, such as Google Analytics, to analyse customer conduct across multiple channels.

Scalability
A CRM system can scale with your business needs, ensuring that it can accommodate the increasing volume of customer data and interactions. Cloud-based CRMs can handle millions of records and can be accessed from anywhere, making them ideal for businesses with remote or distributed teams.

Implementing a CRM system can improve communication, sales efficiency, customer service, and business performance. Moreover, CRMs can scale with your business needs, ensuring that they can accommodate the increasing volume of customer data and interactions.

Solana price analysis: SOL price moves down to $21.37 as an inventive trading platform rises on the horizon

By
TI Partners
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0

Solana’s price has fallen to $21.37, as per the latest price analysis. The market has seen slight volatility, but the trend remains bearish. The bears are pushing the price downwards, and the resistance is at $22.22 while the support level is at $21.07. The one-day and four-hour price charts continue the bearish trend, with indicators suggesting further downside potential. The MACD and RSI indicators are currently in the bearish zone, and both EMA’s are sloping downwards, indicating a path of least resistance towards the downside.

Meanwhile new hybrid trading exchange Tradecurve.io has burst onto the scene and is already being tipped for 80x price growth. 

Solana Bears Dominate: SOL Downfall to $21.37 in 1-Day Chart Analysis

According to the latest price analysis, Solana (SOL) continues to experience a bearish trend on the 1-day price chart. The bears have regained their momentum and are driving the price down consistently. The market experience slight volatility in the last 24 hours, but the overall trend seems bearish. The current price is at $21.37, which is a significant decline from its recent highs.

SOL/USD 24-hour price chart. Source: TradingView

Solana’s price levels have declined and met the $21.07 support level, while resistance remains at $22.22. Bears are determined to maintain their bearish slide, pushing the price further below its current value, resulting in a 4.08 percent decrease in the last 24 hours.

The exponential moving averages all show a bearish trend, with the 50-day EMA ($22.25) closest to the candlesticks, and the 200-day EMA ($25.00) further away, indicating that the market is likely to continue its downward trend.

The MACD indicator confirms the bears’ control of the market momentum, being in the bearish zone with the signal line above the candlesticks. The RSI indicator indicates no oversold or overbought conditions at this time. In summary, Solana’s 1-day price analysis indicates a bearish trend, and bears are expected to dominate the market in the near future. 

An inventive trading platform rises on the horizon

While Solana (SOL) experiences a bearish trend, an innovative trading platform has been making waves in the crypto space. Tradecurve ($TCRV) is a new trading hybrid exchange that will allow users to trade cryptocurrencies, stocks, forex, and commodities from one account. With high leverage starting from 500:1 and algorithmic trading, Tradecurve offers unique and exclusive features, including VIP account services, deposit bonuses, and negative balance protection.

Tradecurve allows users to deposit crypto and use it as collateral to trade derivatives without the need to complete strenuous KYC requirements. This hybrid exchange enables users to trade global asset classes while protecting their privacy through DeFi capabilities.

TCRV is the native token of the platform, and is available to purchase via the presale at a current price of $0.01. With so many analysts bullish about this project the price of the token is expected to grow upwards of 2000% over the next few months.

As the crypto market continues to fluctuate, innovative platforms like Tradecurve (TCRV) may provide a much-needed solution for savvy traders looking to diversify their portfolios and trade with ease.

Buy presale: https://app.tradecurve.io/sign-up

Website: https://tradecurve.io/

Twitter: https://twitter.com/Tradecurveapp

Telegram: https://t.me/tradecurve_official

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