Over 132,000 Bankers Will Benefit From CISI Training

Over 132,000 Bankers Will Benefit From CISI Training

The Chartered Institute for Securities & Investment (CISI) says over 132,000 Nigerian bankers will have access to its global finance education programme. A statement said the significance of CISI global professional development programme in Nigeria had been officially recognised by the Chartered Institute of Bankers of Nigeria’s accreditation of CISI as an educational service training … Read more

New VAT Rate: CITN President Reacts Says It Will Not Take Effect, See Why

New VAT Rate: CITN President Reacts Says It Will Not Take Effect, See Why

The President, Chartered Institute of Taxation of Nigeria (CITN), Dame Olajumoke Simplice has reacted to the new Value added Tax (VAT) rate of 7.5 per cent, says it will not take effect until the new Finance Bill is gazetted by the Federal Government. Ekohotblog reports that Dame Olajumoke told The Nation that gazetting of the … Read more

Update: 7.5 Percent VAT Kicks Off As Buhari Signs Finance Bill

Presidency Exempts Tuition, Food, Sanitary Pads From New VAT Hike

The Value Added Tax (VAT) goes from five per cent to 7.5 per cent following President Muhammadu Buhari’s signing of the 2020 Finance Bill. Ekohotblog recalls Buhari signed the Bill on Monday. But the implementation will be delayed till the new law is gazetted. It is not clear how soon this will be done. The … Read more

MTN Share Prices Soar After Nigerian Government Drops $2b Tax Claim

MTN share price soared in South Africa following the withdrawal of a $2 billion tax demand by the Attorney General of Nigeria, Abubakar Malami. Ekohotblog understands that the withdrawal of the tax claim which ended a 16-month long battle with the AGF caused the shares of the company to close 5.3% higher in Johannesburg lastweek. … Read more

FG Earned N5.04tn From Oil In 11 Months – CBN

CBN Recruitment

The Central Bank of Nigeria (CBN) has revealed that between January and November last year, the Federal Government made about N5.04tn from the sale of oil. The oil revenue, according to the Central Bank of Nigeria economic report for November, was lower than the N8.77tn revenue target provided for in the 2019 budget for the … Read more

See Why Access Bank MD Was Invited By EFCC

Access Bank has revealed the reason behind the invitation of its Group Managing Director, Herbert Wigwe by the anti-graft agency, Economic and Financial Crimes Commision EFCC Access Bank in a statement said the invitation was essentially related to the credit facilities that were availed Slok Nigeria Limited by the defunct Diamond Bank. “Access Bank had … Read more

Tokyo Stocks Close Higher As Iran Worries Ease

Tokyo Stocks Close Higher As Iran Worries Ease

Tokyo stocks closed higher on Friday, extending rallies on Wall Street as worries over US-Iran tensions receded while investors eyed US job data. The benchmark Nikkei 225 index gained 0.47 percent, or 110.70 points, to 23,850.57, While the broader Topix index was up 0.35 percent, or 6.11 points, at 1,735.16. “The Japanese market reacted positively … Read more

Ecobank To Open N70bn Agricultural Financing Scheme

Ecobank Nigeria has announced an Agriculture Businesses Finance Scheme where it plans to disburse additional loan of N70 billion for practitioners in different value chains of Agriculture within the next two years. This announcement is coming just as the bank is set to organise Nigeria’s Biggest Agribusiness And Food Summit in February 2020. The Agribusiness … Read more

Globacom Emerges Worst Network Provider Of The Decade In Nigeria

……. Nigerians Express Their Disgusts and Dislike Nigerians have voted for Globacom Nigeria Limited, a telecommunications company owned by billionaire Mike Adenuga, as the worst network provider of the decade. The management of the company, despite rolling out numerous creative adverts has failed to meet the basic expectations of millions of Nigerians as they keep … Read more

Union Bank, AIICO Insurance, Others Get Clearance To Seek FG Contracts

Union Bank, AIICO Insurance, Others Get Clearance To Seek FG Contracts

The National Pension Commission (PenCom) has released a list containing 237 organisations eligible to seek different federal government contracts in 2020. The agency explained that the companies were issued compliance certificates after meeting requirements on regulations concerning their employees’ contributions as contained in the pension’s law. The law, the Pension Refund Act 2014, requires firms … Read more

Airtel Launches AirtelTv Platform On Demand

Airtel Launches Airtel TV On Demand

Airtel Launches Airtel TV Platform On Demand

Telecoms giant, Airtel Nigeria, has launched its video streaming app, AirtelTV.

The Television app which is currently available for download is expected to be a one-stop platform for all visuals including music videos, news, sports, and live TV.

AirtelTV will be available to only Airtel subscribers across the country and will come at no subscription fee. This means, as long as you’re a registered Airtel customer, you’ll be able to stream freely.

The television app, which is available on Android and iOS, is subscription-free and offers registered users unlimited access to the entire Airtel TV content library as well as enables them stream different content categories on the robust 4G network.

The model Airtel intends to adopt with AirtelTV seems to revolve around getting more internet subscribers for Airtel broadband. The only way to access the service is to be a registered Airtel user. And as Mr Balsingh said and confirmed by one reviewer, AirtelTV only comes on if a user is browsing with Airtel internet network.

“Since the app will not work with my WiFi, I’ll definitely not be trying this anytime soon with my very limited Internet data volume,” Ayodele Apata who tried to use the service says.

While Airtel promised a lot, feedback from airtel subscribers who have used the new app however show that people expect more from AirtelTV if it hopes to claim a solid stand in the Video-on-Demand (VoD) market.

“The app is missing hot channels like BBC, sports and entertainment channels,” Zed Marshall said. “Then the movies streaming are (sic) a little bit old fashioned. Try putting something of our time. A lot needs to be done for this app to earn a 5 star rating.”

“Terrible and wouldn’t connect,” another user, Kamono Chilwa says. “It has a narrow selection of content and worst of all no real sport channels.”

Even though Mr Balsingh claims Airtel has partnered with top content providers like Trace, Bollywood, Al Jazeera and others, a cross-section of reviews clearly reveal that people expect more interesting channels to be added to the app to make it more useful.

Airtel Launches AirtelTV, but Does it Stand a Chance Against Other VoD Platforms?
It is possible that the content partnerships have not yet kicked off in earnest and Airtel is still testing the waters. It is also possible that AirtelTV just isn’t ready for the competition.

“I saw the advert about this app on Instagram, I rushed it thinking it was some stuff like Netflix, only to download this and see nonsense.”

Reviewer on Playstore
There are also some positive feedbacks from users of the app although it still ends with a need to improve on its content.

“Thanks so much for bringing this app,” Victor said. “It is very interesting, everything is clear. I now have entertainment everywhere I go. I love it. But you should just add super sports. Cheers otherwise.”

It’s too early to decide if AirtelTV is here to stay. While making the app free could attract a large number of new and willing subscribers, the service will require quality and up-to-date content to keep those subscribers.

Oil Prices Spike Over 4.5% After Iran Attacks

Oil Prices Fall To $31 In Wake Of Saudi Price War

Oil prices spiked Wednesday morning, rising over 4.5 percent at one point after Iran fired a barrage of ballistic missiles against two airbases in Iraq used by the US and coalition forces. The benchmark WTI jumped as much as 4.53 percent to $65.54 a barrel before settling down slightly after Iran unleashed its first response … Read more

UBA Appoints New CEO

UBA Appoints New CEO

The United Bank for Africa Plc (UBA) on Monday, announced the appointment of Oliver Alawuba as CEO of UBA Africa, overseeing the bank’s 20 African country operations, ex-Nigeria. Alawuba succeeds Victor Osadolor, who retires from the Group Board, after 9 years of service working at UBA. The Board further appointed Senegalese national, Abdoul-Aziz Dia as … Read more

Trove Secure Equity Funding From ARM

Trove Secure Equity Funding From ARM

Nigerian fintech startup, Trove, has secured an undisclosed amount of equity funding from an assets management company, ARM. With this funding, ARM hopes to partner with the Fintech to help broaden investment opportunities for its teeming customers around the country. Ekohotblog understands the investment comes after Trove participated in the Labs by ARM programme launched … Read more

Gold, Oil Jump In Asia As U.S. And Iran Trade Threats

Gold, Oil Jump In Asia As U.S. And Iran Trade Threats

The United States detected a heightened state of alert by Iran’s missile forces, as President Donald Trump warned the U.S. would strike back, “perhaps in a disproportionate manner,” if Iran attacked any American person or target. Iraq’s parliament on Sunday recommended all foreign troops be ordered out of the country after the U.S. killing of … Read more

Shocking Reasons Nigeria’s Oil Sector Will Never Be Key Contributor To GDP

Shocking Reasons Nigeria’s Oil Sector Will Never Be Key Contributor To GDP

Victor Ndukauba, the Deputy Managing Director of investment banking firm, Afrinvest (West Africa) Limited, has disclosed reasons Nigeria’s oil sector will never really be key contributor to the Gross Domestic Product of the country. Ndukauba said this while reacting to the oil sector’s 10% contribution to the GDP despite generating over 90 per cent to … Read more

Saudi Stocks Fall In Reaction To US Assassination Of General Qassem Soleimani

Saudi Stocks Fall In Reaction To US Assassination Of General Qassem Soleimani

Saudi Arabia’s Tadawul All Share Index (TASI) as well as other key Middle East stock exchanges were down on Sunday after the US’ assassination of Iran’s top general, Qasssem Soleimani triggered a new round of tensions between Washington and Tehran. The TASI slumped around 2 percent and was below 8,230 points on Sunday morning. Shares … Read more

World Oil Prices Hit $69.16 As US Kills Iran’s Soleimani

Oil Prices Fall To $31 In Wake Of Saudi Price War

World oil prices jumped nearly $3 on Friday after the US killed a top Iranian general, fanning fresh fears of conflict in the crude-rich Middle East, with Tehran warning of “severe” retaliation. The international oil benchmark, Brent crude, hit $69.16 per barrel, its highest since September 17, 2019 before easing to $68.81 per barrel as … Read more

CBN To Investigate Defaults On PoS Compliance

FG Stops N50 Charge Imposed On POS Transactions, See Why

The Central Bank of Nigeria is set to investigate merchants that have refused to comply with its directives on the Point of Sale charges. The apex bank had directed merchants to stop the deduction of additional N50 stamp duty on PoS transactions carried out by customers. Investigation revealed that some outlets have refused to comply … Read more

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