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Business News

Access Bank’s XclusivePlus wins best affluent banking initiative in West Africa

Access Bank’s XclusivePlus has been awarded “Best Affluent Banking Initiative in West Africa 2019” at the prestigious Asian Banker Awards.

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Access Bank’s XclusivePlus wins best affluent banking initiative in West Africa

XclusivePlus, a premium lifestyle proposition by Access bank, designed to provide special privileges and exceptional services to customers has been awarded “Best Affluent Banking Initiative in West Africa 2019” at the prestigious Asian Banker Awards held at Eko hotels, Victoria Island, Lagos on Thursday, April 25, 2019.

Speaking at the award ceremony, Emmanuel Daniel, Chairman, Asian Banker, said, “As you all know, the Excellence in Retail Financial Services Programme  is probably the most rigorous prestigious and transparent Award Programme  for consumer financial services in the world. We evaluate more than 300 banks and non-bank retail financial service players in more than 42 countries in a thorough evaluation process every year.”

“The programme also assesses all new players such as payments companies’ marketplace platforms and alternative financial services platform made possible by financial technology company’s (FINTECH) who are gratefully contributing to the transformation of the retail financial services industry. Through this, we aim to capture the evolving competitive landscape and recognize outstanding players and initiatives, from which the industry can learn from to, improve consumer products, services and experience. The XclusivePlus proposition is one of such great initiatives in the financial service sector, and that is why we are recognizing the product today as “Best Affluent Banking Initiative in West Africa 2019” he concluded.

Receiving the award on behalf of Access Bank, Dolapo Orelaja, Head, Consumer Propositions in her speech acknowledged the Asian Banker for the recognition. “I am honored and humbled to stand here today to receive this award on behalf of Access Bank and the XclusivePlus team. Thank you Asian Banker and the International Panel of Advisors for nominating and awarding the XclusivePlus Initiative as the “Best Affluent Banking Initiative” in West Africa. This award would not have been possible without great team effort of colleagues and the support of our Executive Management” Dolapo said.

The XclusivePlus Proposition is a premium lifestyle offering specifically designed to provide our customers with the exceptional service and exclusive privileges that they deserve. It was launched in October 2018 and today has thousands of subscribers who understand the value of the proposition. It takes less than 2minutes to subscribe to Xclusiveplus with only N5, 999.  One can also choose to make an upfront payment for one year and get a 20% discount to enjoy a bouquet of benefits such as:

  • Free upgrade to a Visa Signature debit card – a debit card with access to local and international spend
  • Travel in style with free access to over 800 premium airport lounges globally
  • Free medical emergency cover for you and your loved ones anytime you travel
  • Free movie and premium event tickets; shows, concerts, exhibitions and more
  • Network with Industry leaders at our various seminars and conferences
  • Experience VIP treatment and best rates at over 900 luxury hotels worldwide
  • 24- hour global concierge service

Please click here to register and see more benefits of this exceptional exclusive package tailored to suite your lifestyle.

Editor’s Note: This is a sponsored content.

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NM Partners represent articles published in paid partnerships with corporate organisations. They include press releases, targeted content, and other forms of corporate communications on behalf of our Paid Partners.

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Real Estate and Construction

Osborne, Ikoyi residents move against Lekki Gardens over planning laws violation

The residents accused owners of Lekki Gardens Estate of alleged flagrant and unchecked violation of officially approved building plans.

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Residents of Osborne Foreshore 2 estate, Ikoyi, have moved against a property development firm, Lekki Gardens/Foreshore Waters Limited for allegedly violating the state’s planning laws; in addition to the violation of the estate’s building plan and the existing plan to stop work forthwith.

This is as the residents of the estate have appealed to the Lagos State governor, Babajide Sanwo-Olu, to order that works on all approvals for development in the estate be suspended for 3 months because of the ongoing review of the approval order.

According to a report from Thisday, the appeal is contained in a statement issued by the residents of Osborne Foreshore 2 estate, where they warned that refusal to stop further work might lead to a breakdown of law and order.

What the residents of Osborne Foreshore 2 estate are saying

The residents of the estate in their statement said, “We once again invite your Excellency to visit our estate to see for yourself how the activities of Richard Nyong will one day lead to a breakdown of law and order if this brazen disregard of planning laws of Lagos States is allowed to continue.”

They accused the developer of violating state’s planning laws in its quest to construct multi-storey structures in the expansive residential estate.

They also accused Richard Nyong, Lekki Gardens Estate and Foreshore Waters Limited of alleged flagrant and unchecked violation of officially approved building plans.

The estate management pointed out that other developers have since complied with these guidelines whereas Lekki Gardens had allegedly refused to do the same.

What the Chairperson of Osborne Foreshore Residents Association is saying

The Chairperson of Osborne Foreshore Residents Association, Mrs Chinwe Ezenwa-Mbah, had recently expressed reservations over the impact of the heavy construction by Lekki Gardens and other developers and how it is affecting the houses of other residents in the estate.

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She said, “When we got our plots, we were told that the place was designed as a low population residential area. We did not know that a time would come when this area would become a commercial area.

“When you come into an existing estate and you are doing piling that is breaking your neighbour’s foundations as well as against the approved plan given to you in the name of commercial development, that is not right.”

What you should know

  • It can be recalled that the relationship between Lekki Gardens and the management of Osborne Foreshore 2 Estate broke down after the latter insisted that the property developer must obey building permit laws given to it by both the Lagos State government and the resident association.
  • Several other landlords and Residents of Osborne Foreshore 11, have also complained about the activities of Lekki Gardens and other developers in the area whom they accused of violating the building permit given to them by the government.
  • The Lagos State Commissioner for Physical Planning and Urban Development, Dr Idris Salako had held a meeting with all the stakeholders in a bid to amicably resolve the existing dispute.
  • The residents made an appeal to the Lagos State government for reversal of the wrongful classification of Osborne Foreshore Phase II from its original master plan as a low-density to a high-density residential estate.

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Business

The five-ingredient of a successful startup pitch

Every great pitch has these 5 ingredients to help you maximize your chances when fundraising for your startup.

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Startups typically prepare a pitch deck to present to potential investors for funding. A pitch deck is a brief presentation that provides investors with an overview of your business. It typically focuses on showcasing your product and business model. An excellent pitch is highly essential to the success of a startup seeking funding from investors.

According to Romeen Sheeth, an angel investor who heard 200 companies pitch and invested over $1million last year, every great pitch has these 5 ingredients to help you maximize your chances when fundraising.

  • Problem:  Is this an issue?
  • Solution:  Do you have the fix?
  • Market:   Is this a big enough issue?
  • Business: Can you make money
  • Team:  Do you have the human resources to do it?

The best pitches nail all 5. Good ones hit 4. Subpar hit 3 or less.

Problem

The problem statement is an explanation of why a set of circumstances is painful for a set of users. There’s one word in that sentence that is most important: painful. If your problem is not painful enough, it’s a vitamin. The best startups are pain killers.

Solution

The solution statement is an explanation of how you address the pain felt by your users. If you don’t have the right solution, you won’t get customer traction. Customers don’t buy your thesis on the pain point. They buy the actual thing that solves their pain point.

Market

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In tech, only businesses that have outsized potential get funded. To have outsized potential, you have to either be in a: (a) small, but rapidly growing market or (b) large existing market that can be resegmented. If not, the business is not venture backable.

Business

The business model defines how you print cash. What is the key insight you’ve figured out that other people haven’t? You don’t need to reinvent the wheel on everything to be a compelling business. Just explain the secret sauce that helps you capture the value.

Team

Everything else is academic if you can’t execute. Ultimately the investor is betting on your team’s ability to bring out the reality in the insights around the problem, solution, market, and business. Communicate why you are the best in the world to build the business.

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Once you feel good about these 5, think through the connection points. Every topic that comes up in the conversation will be a function of a connection point. For example:

  • Problem-Market = Industry Dynamics
  • Solution-Market = Competition
  • Market-Business = Unit Economics

Bottom line

When you pitch, always keep it simple. Understand the 5 core ingredients, think through how they relate to one another, communicate with clarity, and don’t assume investors understand your business.

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