Konga partners Verve to offer customers free shopping vouchers
NIGERIA’S COMPOS ITE ECOMMERCE PLATFORM, Konga, has partnered with financial technology and payment card brand,Verve International to reward customers with free shopping vouchers..
The partnership, tagged “Season of Rewards”, commenced on March 1, 2023 and will see shoppers receive free vouchers when they shop on Konga.com with their Verve cards. It further underpins the commitment of both brands to add value by providing useful incentives for customers who make payments with their Verve cards, and strengthens their commitments to improving financial inclusion and convenience for millions of Nigerians
Consequently, verve card holders who shop Konga are in for great rewards, with free shopping vouchers made available to them within a 24-hour period which they can immediately use on their next shopping on the Konga platform.
The vouchers also apply to any category of product of their choice, ranging from mobile phones, computing, electronics, Fashion, Home & Kitchen, Groceries, among others.
Commenting on this,Gideon Ayogu, the head, marketing & communication, Konga Group, said the company is delighted to partner with Verve to bring the exciting offers to shoppers on the Konga Platform
‘‘We are confident that this would deliver more value to Verve card holders in their shopping experience, while also encouraging them to shop more,’ Ayogu added.’ On his part, Chidi Oluaoha, Group head, growth marketing payment tokens and financial inclusion services at Verve’s parent organisation, Interswitch said Verve is committed to creating rewarding experiences for Verve cardholders while supporting their lifestyle needs.
“Our customers are at the heart of everything we do, and we are always looking for ways to reward them with invaluable payment experiences.
DANGOTE CEMENT PLC, HAS RECEIVED THE APPROVAL of the Securities and Exchange Commission (SEC) for the establishment of a new share buy-back programme.
A statement published by the largest cement producer in subSaharan Africa, said the programme will expire on 12 December 2023, 12 months from the date of the shareholders’ resolution.
The company disclosed that the share buy-back programme will be executed under the approval granted by shareholders at its general meeting which was held on 13 December 2022. This, it noted, is within the framework provided under Rule 398 (3)(xiv) of the Securities and Exchange Commission’s rules and regulations and under the approval of the Nigerian Exchange Limited.
Dangote Cement further stated that the share buy-back will be undertaken through an open market offer or self-tender, at such times and on such terms as the management of the company may determine, subject to prevailing market conditions.
“The Company will continue to monitor the evolving business environment and market conditions, in making decisions on tranches of the share buy-back programme,’’ the statement added.
Prior to SEC’s approval, the cement producing company on 13 December, 2022, authorised the management of the company to undertake a share buy-back which is up to 10 per cent of its issued shares, effective from the date of the resolution.
The approval was obtained through voting at the company’s extraordinary general meeting held in Lagos, which recorded 100 per cent approval from the shareholders, as they all agreed that it is a good stake for the company.
Market data showed that Dangote Cement’s share price has risen 16.4 per cent to N285 since the company completed its first share repurchase on 31 December, 2020, hitting a high of N300 on 16 May, 2022.
The decision to buy its own shares back in some way allows Dangote Cement to hand more money back to shareholders on the expectation that fewer outstanding shares could strengthen the share price.