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Taxify changes its name to Bolt

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Taxify, the ride-hailing service from Estonia, has changed its name to Bolt, “in order to reflect its global expansion strategy”.

The company said it took the decision to expand its services, which include providing multiple transportation options beyond private cars.

It has been using the name Bolt for its new electric scooter service

Speaking on the new development, Markus Villig, Taxify (and now Bolt) co-founder and chief executive, said Bolt represents the company’s goal of solving urban transportation problems beyond sharing taxis to motorbikes and scooter sharing.

“The rebrand from Taxify to Bolt is serving a few purposes. Tapping the basic meanings of bolt, the new name implies speed, as well as electricity,” Villing said.

“We are bullish that the future is fully electric and so we wanted a name that moved us away from the combustion engine.”

Bolt Nigeria (Taxify) also confirmed the news on Twitter.

“With our entry into Nigeria over 2 years ago, we had one goal – build the best way to move in all the cities we operate,” it wrote.

“We have grown in leaps and bounds over the years and are now aiming to solve transportation needs on a broader scale.”

“Because of this, we are rebranding to take on a new name, one which encompasses our future. Our new name Bolt, stands for fast, effortless movement- exactly what you deserve.”

While the new brand will be gradually rolled out across Bolt’s global markets over the following weeks, users have been informed not to take any action as the app will update automatically.

Since its inception, the Estonian-born tech company has evolved to now serve 25 million customers in over 30 countries and 100 cities globally, growing to be a leader in Europe and Africa.

It is also believed that it was the first company to bring ride-hailing and scooter sharing together in one single app.

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Zenith Bank Emerges First Nigerian Bank To Repeatedly Audit Its Carbon Emissions

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Zenith Bank Plc was presented with a Certificate for Greenhouse Gas Auditing by V4 Advisors after a successful completion of the Bank’s Greenhouse Gas Audit for the 2018 Financial Year. The presentation of the certificate and the report of the Auditors was done by V4 Advisors at the Zenith Bank Head Office on May 21, 2019.

The Executive Director, Dr. Temitope Fasoranti, who received the certificate on behalf of the Bank said the Bank started this effort with the 2016 Financial Year and has carried out three greenhouse gas audits to date.  He explained that the Bank understands the relationship between greenhouse gas emission and climate change and appreciates the role it is expected to play towards combating the menace of climate change.

Also speaking on the milestone, the Country Manager, Lynsey Elston highlighted that Zenith Bank is the first Nigerian bank to consecutively report the carbon emissions of their Head Office in Lagos using a certified tool which is built on the internationally recognized “GHG Protocol”. 

She commended the bank for proving its commitment to United Nations Global Compact (UNGC) Goal 13, Climate Action, in addition to complying with Global Reporting Initiative (GRI) Standards.”  In response to her, the Executive Director said the initiative has significantly helped the bank reduce its overall carbon footprints and drive energy efficiency.

V4 Advisors is a UAE-based provider of advisory and consulting solutions on climate change and greenhouse gas emissions. The firm’s calculation and reporting tool has been reviewed by the World Resources Institute (WRI) for conformance with the GHG Protocol Corporate Standard.

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Access Bank Threatens to Publish Names of Debtors in Newspapers

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The management of Access Bank Plc has given all its delinquent debtors two weeks to pay up their due obligations, emphasising that failure to adhere to this directive would come with severe consequences.

In a publication today on Punch Newspapers, the lender said this warning also goes to debtors of the defunct Diamond Bank Plc.

Business Post reports that in March 2019, Access Bank and Diamond Bank officially merged together to become an enlarged banking entity.

In the notice seen by Business Post, the financial institution warned that if after the two weeks grace period the “incorrigible debtors” fail to comply with this directive, it would be forced to publish their “names in newspapers.”

The bank said “all debtors will be sanctioned by the CBN and banned from participating in the Nigerian Foreign Exchange and Securities Exchange Markets, and registered on the Credit Risk Management Systems (CRMS) Bureau as bad debtors making them, their directors and related entities illegible for any credit in the Nigerian Financial Markets.”

Access Bank said it was determined to take further actions “against such delinquent individuals and companies as we may consider necessary and shall relentlessly pursue full recovery of all our debts.”

Below is the full statement signed by the management of Access Bank Plc.

Please be informed that Access Bank Plc is set to publish the list of all its delinquent debtors, associated persons, directors and entities. This is in line with the directive from the Central Bank of Nigeria (CBN).

All Access Bank Plc (including former Diamond Bank Plc) debtors are directed to pay up their due obligations in order to avoid punitive actions being taken against them. Please note that we shall publish out debtors’ names in newspapers in two weeks.

Similarly, in the event that these obligations are not fulfilled, we shall take such further actions against such delinquent individuals and companies as we may consider necessary and shall relentlessly pursue full recovery of all our debts.

Furthermore, all debtors will be sanctioned by the CBN and banned from participating in the Nigerian Foreign Exchange and Securities Exchange Markets, and registered on the Credit Risk Management Systems (CRMS) Bureau as bad debtors making them, their directors and related entities illegible for any credit in the Nigerian Financial Markets.

For incorrigible debtors, who continue to pose a risk to our system, we will use all means available and collaborate with our colleagues in the industry to ensure that they are excommunicated from the banking system.

Consequently, we hereby advise all out delinquent debtors to take this publication seriously and ensure that all debts are settled promptly.

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Glo Extends Lead In New Data Subscriptions With 1 Million More Users

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Digital transformation leader, Globacom, has maintained its position as the preferred data service provider in the country with an addition of nearly one million new subscribers in March, 2019.

According to the Internet Subscriber Data for March 2019 published on the website of the Nigerian Communications Commission (NCC), Globacom gained the most with 950,115 new internet users. The gain took its internet subscription in March to 28,436,386 from 27,486,271 recorded in February, 2019.

The data also showed that MTN and Airtel recorded gains in March. While Airtel added 351,657 new internet users in the month under review, MTN recorded a marginal increase of 13,552 subscribers.

On the other hand, 9mobile continued to record losses in its internet subscriber base as it lost 166,542 users in March.

NCC’s data showed that overall internet users in Nigeria increased to 115,938,225 in March from 114,725,357 recorded in February. This indicates an increase of 1,212,868 new subscribers in one month, with Globacom alone having over 78% of the growth.

The apparent preference for Globacom by new internet subscribers is believed to be the result of the network’s continued improvement in its data services. The company has the widest 4G LTE coverage in the country, and the technology ensures more reliable and faster internet usage experience. Globacom also has the most attractive data plans in the market, with packages that appeal to both high and low data users.

On Monday, 21st May, 2019, the company announced the introduction of Glo Daily Data Splash 300, which offers subscribers the most affordable rate for a daily subscription in the country’s telecoms market. The new plan offers a whopping 1 Gigabyte of data for just N300, as against the closest package of N350 per 1GB offered in the market. It also addresses the concerns of subscribers who desire access to reliable internet service at a very convenient rate.

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