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Corporate Press Releases

Data security: Terragon completes 2nd ISO27001 audit

Terragon uses data and artificial intelligence to help leading brands intelligently connect to their customers at scale.

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Africa’s leading enterprise marketing technology company, Terragon has successfully completed her 2nd ISO 27001 surveillance audit. The ISO 27001 certification is a global certification for Information Security Management Systems and is only common among fortune 500 companies and other leading global firms involved in data processing.

In a statement made available to journalists, the Chief Technology Officer and Co-founder of Terragon, Ayodeji Balogun, explained the importance of the certification noting that it was necessary to ensure that they maintained global standard practices while enabling intelligent connections between brands and their customers.

“This certification affirms our superior data governance culture and our ability to guarantee the security of valuable assets including financial information, intellectual property, customer data, employee details or information entrusted by third parties; as we process volumes of data via our Customer Data Platform (CDP) and other Data platforms,” he said.

“As Africa’s leading data and analytics company, Data Privacy is at the core of our business existence and our clients can rest assured that their customer data processed via our software are fully privacy compliant and the risk of unauthorised access to their data is almost non-existent. In addition to this ISO 27001 certification, we are NDPR certified, and since we have partners in Europe and other parts of the word, are also GDPR and CCPA compliant,” Balogun added

With the growing importance of Data to business survival, how information is stored, who has access to it, and how it is protected against unwanted leakage and breaches is critical.

This Certification is one of the main reasons why top tier Banks, multinational FMCG as well as global digital platforms decide to co-operate only with enterprises certified by ISO.

Terragon is a leading enterprise marketing technology company with a presence in Nairobi, Accra, Johannesburg, Bangalore and headquarters in Lagos. Terragon uses data and artificial intelligence to help leading brands intelligently connect to their customers at scale.

With her Customer Data Platform, a software that helps to aggregate data from different touchpoints and create a unified single customer view, Terragon has over the years, offered her services to leading local and multinational brands and has attracted partnerships from Google, Facebook and leading Telcos across the continent.

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Terragon is currently listed as the only Africa-founded CDP partner for the Facebook Conversions API; a tool to help advertisers deliver personalized ad experience, measure and attribute in order to enable Brands to improve their Ad performances and gain higher returns on their Ad Spend.

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Corporate Press Releases

NOVA Merchant Bank’s growth trajectory continues as it declares N3.52bn profit

The Bank declared a profit after tax of N3.49bn in 2020 compared to N1.65bn in 2019 which represents a 112% increase.

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NOVA Merchant Bank Limited has released its audited results for the financial year ended December 31st 2020, recording impressive growth across its major financial lines.

The Bank declared a profit after tax of N3.49bn in 2020 compared to N1.65bn in 2019 which represents a 112% increase. All the key financial parameters recorded major improvement over the prior year performance; Gross Earnings showed a quantum leap of 130% growth over 2019 and Profit Before Tax at N3.52bn recorded a 135% growth over the 2019 figure of N1.5bn. On a similar note, the Bank recorded a decline in the Cost to Income Ratio from 55% in 2019 to 44% in 2020.

Customer deposits stood at N89.6bn in 2020 compared to N40.5bn in 2019 while loans to customers grew by 71% to N50bn in 2020 compared to N29.3bn in 2019.

The Managing Director and Chief Executive Officer, Mr Nath Ude, said, “Our full year 2020 performance is especially gratifying as we achieved such growth amidst the unprecedented nature of the COVID-19 pandemic and resulting macro-economic headwinds.”

“In 2021, we will continue to build on our strong foundation to significantly scale the business by focussing on exceeding the expectations of our customers through innovative financial solutions while expecting our non-bank subsidiaries to start contributing effectively to the group in line with our strategic intent,” Ude further stated.

The Chairman, Mr Phillips Oduoza stated, “I am particularly delighted to see how the Bank has maintained its growth trajectory and improve its efficiency during such a challenging period.

Oduoza added, “The Bank is well-positioned to benefit from the expected upsurge in economic activity and profit from the emerging opportunities this presents as the global economy emerges from the impact of the COVID-19 crisis.”

NOVA Merchant Bank offers an integrated suite of financial solutions covering Wholesale Banking, Investment Banking, Asset Management, Wealth Management, Trade Services, Transaction Banking, Cash Management and Digital Banking.

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Corporate Press Releases

Syngenta, WACOT partner to boost Nigeria’s food security

WACOT and Syngenta would collaborate with farmers and others to sustainably improve the most important factor in agriculture – yield.

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feeding Nigeria’s current and future population

Leading food and agro-processing company in West Africa, WACOT Limited, and leading global agritech company Syngenta Crop Protection are partnering for impact to further boost Nigeria’s food security and ensure sustainable development of the agriculture sector.

This would see Syngenta Crop Protection working closely with WACOT over the next five years to help improve the sustainability, quality and safety of Nigeria’s agriculture with world-class science and innovative crop solutions.

Although Nigeria’s agriculture sector is the country’s highest employer of labour, accounting for 70 per cent, it has suffered low output resulting in poor returns for farmers and massive food import.

The partnership agreement with WACOT Limited, which operates in all 36 states in Nigeria and supports production of crops including rice, maize, sorghum, soybean, cotton and vegetables, will therefore help further Nigeria’s drive towards attaining self-sufficiency in food.

Through this partnership with WACOT, Syngenta would collaborate with farmers and others to sustainably improve the most important factor in agriculture – yield. This will take the form of WACOT supporting the Nigerian farmer on cost-effective agronomic practices, advanced crop protection methods through the usage of yield enhancement products and biological compounds to consolidate the growth of the agriculture sector in the country.

Commenting on the partnership, CEO of the Agri division of TGI Group, the parent company of WACOT Limited, Ramesh Moochikal stated that it desired for Nigeria to attain self-sufficiency in crop production and would look to enter into strategic partnerships to achieve this goal.

Moochikal said: “We are most pleased with this partnership that would further help us achieve our dream for Nigeria – food security and self-sufficiency. Nigerian farmers are hardworking, and we know that if we can make them aware of better crop production practices and make results of our research and development efforts available to them, things will improve, and the agri sector as a whole would benefit.”

Also speaking, Syngenta Crop Protection West Africa Head, Franck Tokore said the company was proud of its relationship with WACOT and would continue supporting Nigerian farmers.

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He said: “We are delighted to be renewing our partnership with WACOT. Through this partnership, we provide quality solutions to farmers in Nigeria and help support food security and livelihoods in Africa’s most populous country. By supporting farmers in Nigeria to sustainably increase their yields, we are also helping them be more competitive globally, hence reducing the need for imports. Nigeria has huge potential, which we strive to unlock sustainably through this partnership”.

Syngenta is one of the world’s leading agriculture companies, comprising Syngenta Crop Protection and Syngenta Seeds. It aspires to help safely feed the world while taking care of the planet. Its technologies enable millions of farmers around the world to make better use of limited agricultural resources responsibly.

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Over the years, WACOT has consistently focused on contributing to food security in Nigeria. It has developed a strong portfolio of Agri inputs to fuel the country’s self-sufficiency in agriculture.

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