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PUGB Plans to Return to India With a New Game and $100m Investment

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After fallout with the Indian government two months ago, PUBG Corporation is planning a return to the Indian market with a new avatar and $100 million investment. The South Korean company said on Thursday it’s launching a new game for the world’s second largest market, called PUBG Mobile India.

India is one of the largest markets of PUBG, and its parent company, KRAFTON said they plan to invest $100 million there to cultivate the local video game, esports, entertainment and IT industries ecosystems. The investment is expected to create more than 100 jobs in the country.

“Thanks to overwhelming community enthusiasm for PUBG esports in India, the company also plans to make investments by hosting India-exclusive esports events, which will feature the biggest tournaments, the largest prize pools, and the best tournament productions,” the company said in a statement.

PUBG was among many games cut down by the Indian government in its clampdown on apps of Chinese origin. The border conflict between India and China that started in the middle of the year prompted New Delhi to ban nearly 200 apps from China, including TikTok. Although PUBG is South Korean, the game’s company relationship with Chinese Tencent placed it in the list.

To stay in the Indian market, PUBG has broken up with Tencent, allaying the country’s national security fears.

“Moving forward, PUBG Corporation will take on all publishing responsibilities within the country. As the company explores ways to provide its own PUBG experience for India in the near future, it is committed to doing so by sustaining a localized and healthy gameplay environment for its fans,” v the company said in statement then.

A game

Tencent had been PUBG’s publisher in many markets, including India, until the ban on Chinese apps. PUBG had signed a deal with Microsoft last week to host all of its mobile data to Azure cloud.

The game company said the move has become necessary to protect privacy and data security in India, which it thus sees as “top priority.”

“Privacy and security of Indian player data being a top priority for PUBG Corporation, the company will conduct regular audits and verifications on the storage systems holding Indian users’ personally identifiable information to reinforce security and ensure that their data is safely managed,” the company said.

PUBG was leading in the Indian game market with over 50 million monthly users before the ban in early September. Its impact was notable in the esports ecosystem. According to Indian game analyst Rishi Alwani, PUBG helped establish an entire ecosystem of esports organizations and even a cottage industry of streamers that made the most of its spectator sport-friendly gameplay.

The Indian government has not responded to the changes made by PUBG Corporations, and it is not clear how it will react. However, other non-Chinese apps banned due to their ties with China could follow the steps of PUBG if New Delhi eventually lifts the game company’s ban.

In this era of game, when more companies are jumping into the industry, looking for markets, PUBG is fighting to hold on to its lead in the second largest market in the world.

Innoson Motors Launches A Ride-hailing Service, IVM Cruise

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Innoson Vehicle Motors launches its brand of ride-hailing service, IVM Cruise, today. It begins at Enugu with other cities coming. The IVM Cruise ride-hailing service from Nigeria’s foremost vehicle manufacturing company is unique as it offers drivers, aptly named pilots, a chance of becoming owners of brand new Innoson vehicles after a period of three years in which the cost of these vehicles would have been paid.

IVM Cruise is a technology-driven ride-hailing service. It offers commuters a platform for requesting pickups and drop-offs from their various locations to their destinations. The IVM Cruise service is designed to operate on an incremental digital architecture in line with modern trends in the city transportation industry.

As I noted when this service was originally announced, this is a great playbook. Yes, no matter what happens, profit or loss in the ride-hailing business, this service will make Innoson vehicles popular on the roads and will then push many people to go and buy them. It is a slam dunk: I am seeing these cars everywhere, and I am going for one myself. Call it a great double play strategy.

This is a double play strategy. He can lose money on this but in that process, he will create a brand where IVM vehicles become common on the streets. Just like that, everyone goes for IVM. Brilliant call by the legend as he can capture value via sales through brand awareness triggered by IVM Connect.

The risks are on the aggressive two year hire purchase plan which I think may not be possible. Also, the vehicle-hailing business has not shown capacity to be profitable at scale anywhere. But the little losses may bring popularity through awareness this will bring.

When great entrepreneurs emerge, nations rise. Well done Innoson Motors.

Innoson Motors Takes Uber, Bolt via IVM Connect in Nigeria

Innoson Vehicle Motors – Brand Photos with Prices

*some contents from a Whatsapp share

Registration for Tekedia Mini-MBA Edition 4 (Feb 8 – May 3, 2021) Opens On Monday, Nov 16

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Good People, I am very happy to announce that we will officially begin registration for Tekedia Mini-MBA edition 4 (Feb 8 – May 3, 2021)  on Monday, Nov 16. Sure, many in our community have already registered. But Monday would be the official beginning for that academic and knowledge excursion into management systems and constructs of markets. There would be business cases by the masters in the game. There would be lectures by those in the art of business. It would be a symphonic innovative experience where learning and practice are entwined together. More so, we will unveil our new learning portal on Monday.

We have many early bird registration benefits including free cybersecurity courses (policy, management, tech, forensics, and intelligence tracks) in Facyber, and books including Africa’s Sankofa Innovation and The Dangote System;  a new one , Seizing our Singularity Future, is coming. Early bird benefits end soon.

Tekedia offers an innovation management 12-week program, optimized for business execution and growth, with digital operational overlay. It runs 100% online. The theme is Innovation, Growth & Digital Execution – Techniques for Building Category-King Companies. All contents are self-paced, recorded and archived which means participants do not have to be at any scheduled time to consume contents.

It is a sector- and firm-agnostic management program comprising videos, flash cases, challenge assignments, labs, written materials, webinars, etc by a global faculty coordinated by Prof Ndubuisi Ekekwe.

An edition costs $140 (or N50k); an annual package (3 editions, 2 capstones) goes for $280 (or N100k). You can register here  – https://www.tekedia.com/programs/

The Difference between ‘Democracy’ and the Nigeria System of Government

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Once upon a time, the animals called for a meeting to discuss how to discourage man from hunting them in the forest. As they were gathering for the meeting, they saw Mr. Goat heading to his farm. When they asked him why he wouldn’t come for the meeting, he told them he had important business in the farm and so they should carry on with the meeting. He went further to say that whatever decision made at the meeting is ok by him. Well, the decision made at the meeting was that an animal will be donated to man so he will have meat at his disposal and, hence, leave the animals at the forest alone. No animal volunteered to be sacrificed for this. But since Mr. Goat was not there, the meeting decided he will be used as a sacrifice to man. That is why goats are domestic animals today.

That was one of the fables we were entertained and taught with then. If you actually look at the story, you will see the surface moral lesson – everyone should participate in the development of his community/nation. But look deeper and you will see democracy at its best. That folklore actually depicted the way our forefathers practiced democracy. It tells us everything that is wrong with the democracy of today.

In the days of old, the Igbos practiced ideal democracy. Then, democracy was the same in theory and practice. It was not what we are seeing today that makes people ask whether democracy is still government OF the people BY the people and FOR the people. This definition is a reflection of those days, when the sky was the land of the squirrel. This democracy disappeared the moment colonialists appointed warrant chiefs and introduced corruption into the system (hope you can now understand how deep corruption has eaten into our system).

For the benefit of those that don’t know how the ancient Igbo’s system of government was, just imagine the animals gathering to make a decision to better their lives. That was the system of government then. Everyone (especially the male gender) was directly and actively involved in government. In cases of making decisions that might involve some levels of secrecy (say security affairs), only men (not boys) were involved. In those days, to be looked up to as a man in Igboland takes a lot of things; but that is not the point here. Then, decision making was thrown open to all. The elderly had upper hand when matters become too twisted and volatile because their words are seen as wisdom. If they feel that what was happening to them was beyond their control, they sought for the advice of their gods. Other than that, every man in a community was involved in decision making. This way, no one felt cheated or marginalised. They had the opportunity of contributing towards the development of their communities, unlike what we have today.

Another basic feature of democracy of the ancient Igbo communities is that politics did not exist. I mean, then, once you are of age, you join the decision makers. No one asks another to vote him into the government. There was no campaign, election, vote buying, or what have you that we see today. Leadership was truly the job of everyone. No one, not even the chief priests, took absolute responsibility for leading the community. But things have changed today.

Presenting the budget proposal

Today’s democracy is the opposite of the ideal. Today, democracy is no longer government for the people but government for the s/elected few. Politics came in with its insincerity and democracy became a thing of the past. Decision makers are now paid heavily and given special privileges and so they no longer consider the interests of the community or that of its members. Selfishness has set in and corruption is the order of the day. Honestly, if the meeting of those animals were to happen in the present day, it wouldn’t have been all animals in attendance. Only a few would have been “chosen” to represent the rest of the animals and, believe me, those representatives would have connived with mankind to hunt down all the other animals so long as their palms are greased. That is the bane of mankind.

Well, we have to be realistic. Politics has come and ‘democracy’ is no longer democracy (what we actually have now are totalitarianism, authoritarianism, pseudo-democracy, and the rest). The democracy that was enjoyed by our forefathers can no longer be achievable today because of the structure of the state – diversity inclusive. Then, communities were small and so governance was more like a family affair. Today, that type of government, where everyone participates, is no longer possible, hence the election of representatives. So, what we need now is to find the way to make what we practice today work for us.

Well, it is left for the experts in this area to tell us what to do. We are not actually practicing democracy here, so we might as well start now to give a name to what we have. From all I can see, there is a need to educate people on politics because the majority of us are politically illiterate. But first things first, what system of government are we actually practising in Nigeria?

GTBank Wins Agusto & Co’s Best Digital Bank in Nigeria

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Agusto & Co in its third edition of the consumer banking satisfaction index has dissected the level of customer satisfaction towards digital banking channels in Nigeria with Guaranty Trust Bank (GTBank) scoring the highest user experience score.

According to Agusto & Co, mobile banking applications remain the most popular platform for digital banking. The increasing use of mobile banking has also been backed by the growing base of mobile phone users, which has grown by a five-year compound annual growth rate of 6% to 184.4 million as the end of 2019. Approximately 82% of the survey respondents are aware of their respective bank’s mobile banking service while internet banking recorded 57% awareness. The respondents are least aware of WhatsApp and other virtual banking platforms (such as the chatbot service and telephone banking), with only 6% of the respondents indicating their knowledge of these services.

According to the rating firm, Guaranty Trust Bank (GTBank) emerges the Best Digital Bank in Nigeria with a user experience score of 74.2. Zenith Bank was the highest-ranked bank in the 2019 edition, with a score of 74.2 but dropped to the 4th position this year (a score of 70.9) due to lower ratings in transaction success rates and troubleshooting & IT support. First Bank of Nigeria ranked second, while Access Bank ranked third. GTBank’s top position was underpinned by comparably higher transaction success rates, which is most crucial in the current ‘COVID-era’. The Bank’s position was also upheld by the significant level of awareness of its digital banking services compared to the other banks in the survey sample.

You can download the report here.

*all contents from a press release.