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Companies

MTN launches the first ever Whatsapp airtime top-up option

MTN hopes to incorporate other instant messaging platforms such as Facebook Messenger down the line.

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MTN

Multinational telecommunication company, MTN, just improved its customer experience with the launch of its Whatsapp chatbot which will enable users to easily top up their phones with airtime.

This development was disclosed recently by Mr Mapula Bodibe, MTN Group’s Executive in charge of Consumer Business. According to him, the new service will also enable customers to check their airtime balance right on Whatsapp.

Reason behind this development

Effort to improve self-service – According to Mr Bodibe, companies are continually improving their self-service experiences. It is, therefore, important for MTN to upgrade their overall customer journey.

The company quoted Gartner Research, which said that 25% of customers will use chatbots or virtual customer assistant by 2020 to manage their own accounts.

“It’s imperative that companies focus on improving self-service experiences to retain and grow customers and this is an important step for MTN, in addition to what we are doing to upgrade our overall customer journey.”

Why Whatsapp?

The popular social media channel, WhatsApp, has about 1.5 billion global users (as of January 2019), according to Statista.

Lots of percentage of MTN users use the app, which makes it convenient for the company to deploy to the popular app.

This will help to save time for the customer

According to Mapula, customer-centricity is the driving force behind MTN chat. The need for customers to find a convenient way to solve their issues without calling a service agent or walking to an MTN office is the goal. It will also save the customers time.

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“MTN Chat is helping customers simply and seamlessly manage their accounts off a secure and convenient platform they already know and love.”

Mapula also added that the company further plans to expand the MTN Chat channel in the near future. This is because they also plan to include services such as customer support, the management of upgrades and customer accounts, receiving balance notifications and the offering of customised deals.
MTN hopes to incorporate other instant messaging platforms such as Facebook Messenger down the line.

1 Comment

1 Comment

  1. TeeA

    March 29, 2019 at 8:37 pm

    I hope if I ran out of data I can use this channel to buy airtime still. If I had to use alternative channel to still buy airtime in order to use this channel to buy airtime that makes no sense whatsoever.

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Companies

Africa Prudential proposes dividend of N1 billion for shareholders

Africa Prudential Plc has proposed a sum of N1 billion as dividend for shareholders.

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African Prudential could be worth more than N4.55

The Board of Directors of Africa Prudential Plc has proposed a sum of N1 billion as dividend to shareholders for the period ended 31st of December 2020.

This is according to a disclosure signed by the firm’s secretary, Joseph Jibunoh and sent to the Nigerian Stock Exchange, as seen by Nairametrics.

According to the notification, the proposed dividend will be paid electronically to qualified shareholders on the 26th of March, 2021, subject to appropriate withholding tax and approval from the company’s Annual General Meeting (AGM) scheduled a day earlier.

The breakdown of the proposed dividend shows that a sum of 50 kobo will be paid for each outstanding 2,000,000,000 ordinary shares of the company, held by its shareholders, totalling N1 billion. The proposed dividend is 28.6% lower than the 2019 figures of N1.4 billion.

The comparative decline in the company’s proposed dividend for the year might be attributed to a recent dip in profit and other key metrics recorded by the firm in its latest audited financial statement for 2020. For example, the firm posted a profit of N1.45 billion for the year, indicating a decline of 13.98% YoY. In addition, its earnings per share declined by 14.29% to print at 72 kobo.

What you should know

  • Africa Prudential had recently announced the appointment of Mrs Zubaida Rasheed as Director.
  • Africa Prudential Plc, formerly known as UBA Registrars Ltd, was incorporated as a private limited liability company on 23rd March 2006. It was listed in the NSE on 17th of January, 2013.

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Companies

Dangote Sugar proposes N18.2 billion as final dividend for 2020

Dangote Sugar Refinery Plc has proposed a sum of N18.2 billion as the final dividend for shareholders.

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Dangote Sugar proposes N18.2 billion as final dividend for 2020

The Board of Directors of Nigeria, Dangote Sugar Refinery Plc has proposed a sum of N18.2 billion as the final dividend for shareholders for the period ended 31st December 2020.

This announcement was contained in the audited financial statement of the leading integrated sugar company.

In line with the statement of the Board of DSR, the approval of this proposed dividend at the forthcoming Annual General Meeting will see Dangote Sugar pay out a final dividend of N1.50 for each of the outstanding 12,146,878,241 ordinary shares of the company, held by its shareholders.

The proposed dividend is 36.36% higher than the final dividend of N1.1 per share (N13.36 billion) the sugar company paid its shareholders in 2019.

What you should know

  • Dangote Sugar Refinery declared in its audited statement for the period ended 31st December 2020 that its profit for the year climbed to N29.8 billion, from N22.4 billion in 2019.
  • According to these figures, DSR’s earnings per share for 2020 are pegged at N2.45. Hence, with a dividend of N1.50 per share, Dangote Sugar is set to payout 61.2% of its profits for 2020.
  • At the close of trading activities on the floor of the Nigerian Stock Exchange today, shares in Dangote Sugar Refinery declined by 0.83% to close lower at N17.85.
  • At this price, the dividend yield of Dangote Sugar shares is 8.40%.

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