Ai-Media Introduces LEXI Viewer: Revolutionizing Live Events with Cutting-Edge Captioning Solution

LEXI Viewer

Ai-Media Introduces LEXI Viewer: Revolutionizing Live Events with Cutting-Edge Captioning Solution

BROOKLYN, N.Y., July 19, 2023 (GLOBE NEWSWIRE) — Ai-Media, the industry leader in technology-driven live captioning, transcription, and translation solutions, is delighted to unveil the ground-breaking LEXI Viewer. This innovative solution revolutionizes how event organizers captivate audiences. Say farewell to the constraints of traditional approaches and prepare to embrace a new era of unrivalled event engagement.

In today’s dynamic event landscape, creating an exceptional experience for all attendees is paramount. LEXI Viewer offers a user-friendly and cost-effective solution to enhance inclusivity, catering to diverse audience types. By seamlessly integrating with our flagship LEXI automatic captioning solution, we can deliver unparalleled captioning quality. Users can effortlessly click their way to captioning, taking full control of LEXI through the front panel LCD screen or a wireless remote. This ingenious functionality ensures a captivating and dynamic experience for both event organizers and attendees alike.

LEXI Viewer Display Modes

LEXI Viewer boasts an array of display modes designed to cater to diverse presentation styles and brand requirements, ensuring optimal visibility of presentation content while delivering crystal-clear captions.

“Enhancing the live event experience for all individuals is our unwavering commitment, and as pioneers in the industry, we proudly present LEXI Viewer as a groundbreaking solution,” says James Ward, Chief Sales Officer of Ai-Media. “With the exciting addition of click-to-caption functionality, coupled with cutting-edge technology and our powerful AI-driven captioning solution, we are revolutionizing inclusivity and uplifting the engagement of diverse audiences.”

LEXI Viewer boasts an array of display modes designed to cater to diverse presentation styles and brand requirements, ensuring optimal visibility of presentation content while delivering crystal-clear captions:

  • Full Screen Mode: Captions are displayed on the entire screen, offering maximum accessibility to a large audience. Various line spacing and text size options are available, accommodating individual preferences.
  • Background Image Mode: Users can overlay four rows of captions on a custom background image, providing complete configurability of caption appearance, including font, text size, positioning, and color. This allows event organizers to maintain their branding while prioritizing inclusivity.
  • Caption Decoder Mode: Captions can be displayed over the input video to mimic the behaviour of a consumer caption decoder while offering customization options for font and text color.
  • Scaler Mode: Users can maintain full visibility of presentation content by scaling down the input video by 20% and displaying two rows of captions above or below the video.

Furthermore, event organizers can enhance captioning security and retain greater control of their data by pairing LEXI Viewer with LEXI Local. This powerful solution provides LEXI automatic captions on-premises, eliminating cloud-related concerns and ensuring complete data privacy.

“We understand the importance of data security and privacy, and our LEXI Local solution addresses these concerns, providing event organizers with enhanced control over their valuable data,” adds James Ward. “With LEXI Viewer and LEXI Local, we are offering a comprehensive accessibility solution that goes beyond expectations.”

To explore the future of live events, contact sales@ai-media.tv for inquiries or to request a personalized demonstration.

About Ai-Media

Founded in Australia in 2003, technology company Ai-Media is a global leader in live and recorded captioning, transcription and translation solutions. The company helps the world’s leading broadcasters, enterprises and government agencies ensure high accuracy, secure and cost-effective captioning via its AI-powered LEXI automatic captioning solution. LEXI captions are delivered to millions of screens worldwide via Ai-Media’s range of captioning encoders and its iCap Cloud Network – the world’s largest, most secure caption delivery network. Globally, Ai-Media delivers over 8 million minutes of live and recorded media monthly. Ai-Media trades on the Australian Stock Exchange (ASX:AIM). For more information, please visit Ai-Media.tv.

Photos accompanying this announcement are available at

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Media Contact:
Fiona Habben
Senior Marketing Manager – Global
Fiona.habben@ai-media.tv
+61 411 727 592

GlobeNewswire Distribution ID 8877328

Employers Turn to Business School Grads for Skills of Today and Tomorrow

GMAC survey identifies in-demand talents and hiring projections from corporate recruiters

RESTON, Va., July 19, 2023 (GLOBE NEWSWIRE) — Despite unfavorable macroeconomic conditions and looming uncertainties, employers remain confident in hiring graduates from business schools, according to a survey of corporate recruiters released today by the Graduate Management Admission Council (GMAC). GMAC, a global association representing leading business schools, published findings from the 2023 survey that explores which skills employers think will characterize the future workplace – and how prepared they view candidates of MBA and business master’s degrees to be.

Employers say communication, data analysis, and strategy are currently among the most important skills for business school graduates – and most say their importance will continue to grow. Notably, U.S. employers interested in tech skills highly value their future importance but think business school graduates could be better prepared on specific technological capabilities. U.S. recruiters – along with their colleagues in the finance and accounting sectors – are also more critical of candidates’ preparedness to leverage some important communication skills compared to other regions and think business schools could better build their graduates’ intercultural skills.

“The outlook among most employers indicates that business schools are on the right track preparing their graduates with the skills of current and growing importance to successfully navigate an information loaded and AI-affected world,” said Joy Jones, CEO of GMAC. “It is our belief that business schools and their graduates will rise to the challenge in upgrading the critical skills of the future – be it cross-cultural competence, Web3 and Blockchain, or digital communication – to allow them to thrive in global, hybrid organizations and make meaningful impact in an ever-changing environment.”

Other Key Findings:

Overall, employers tend to believe business school can offer an advantage over talent without a graduate management education. Employers from Asia and Fortune 500 companies have a more optimistic view of the abilities and advancement potential of business school graduates, but also are more likely to recruit more heavily from “leading” business schools. And as in previous years, employers continue to value talent from in-person programs over those with online degrees or micro-credentials only.

“Graduates of online business degrees should talk about their credentials differently depending on the employer—employers in Asia are more likely to value the degree itself, while U.S. and consulting employers would rather hear about specific skills candidates attained,” suggested Andrew Walker, director of research analysis and communications at GMAC and the author of the report. “Micro-credentials in and of themselves are less likely to impress employers compared to graduate business degrees though the skills they bring are appreciated by some employers.”

The survey also examines how macroeconomic conditions are influencing hiring and salary decisions across industries and around the globe. Encouragingly, even after accounting for inflation, MBA salaries in 2023 in the United States are expected to be higher than 2022 projections, while industry and business master’s salaries may drop. Despite reported recession concerns, 2023 hiring plans remain optimistic, with some anticipated growth in hiring among business master’s compared to actual 2022 results.

About the Survey

For more than two decades, the Corporate Recruiters Survey from GMAC has provided the world’s graduate business schools and employers with data and insights to understand current trends in hiring, compensation, skill demand, and perceptions of MBA and business master’s graduates. GMAC, together with survey partners European Foundation for Management Development (EFMD) and the MBA Career Services and Employer Alliance (MBA CSEA), collected input from 1,028 respondents in 34 countries and representing 55% of Global Fortune 500 companies from January to March of 2023, in association with the career services offices at participating graduate business schools worldwide. GMAC Research also worked with a market research firm to recruit additional participants to make the overall sample more globally representative.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission-driven association of leading graduate business schools worldwide. GMAC provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test™ (GMAT™) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC’s websites, including mba.com, to learn about MBA and business master’s programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master’s programs. BusinessBecause and GMAC Tours are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
Mobile: 202-390-4180
thsu@gmac.com

GlobeNewswire Distribution ID 8877339

Quantexa Recognized as a Technology Standout in Celent’s 2023 xCelent AML Transaction Monitoring Report

Quantexa’s Decision Intelligence Platform and Financial Crime solutions credited for driving efficiencies through automation and enriching graph analytics and network analysis

LONDON and NEW YORK, July 19, 2023 (GLOBE NEWSWIRE) — Today Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that it has been recognized by Celent, a global research and advisory firm providing technology expertise to key decision makers at financial institutions, for its standout technology in the 2023 xCelent Anti-Money Laundering (AML) Transaction Monitoring (TM) Report, an independent resource helping financial institutions select an AML vendor best suited to meet their needs. Celent’s report profiled 17 AML TM systems available globally, including an overview of their functionality, customer base, technology, implementation, pricing, and support, to help key financial institutions navigate the market.

Celent credited Quantexa for “pioneering the use of entity resolution […] to power granular, deep network analysis to support the forensic investigation of financial crimes.” Key benefits highlighted include the platform’s ability to “resolve internal transaction and customer data as well as external data […] pertaining to entities, transactions and other activities, and counterparties to generate highly enriched network analyses of associated accounts that can surface risk insights,” and “to automate much of the investigative process, thereby increasing analyst efficiency.”

Customers rated Quantexa’s Decision Intelligence Platform and AML solutions strongly overall, with the speed of implementation and the flexibility of the data model receiving the highest scores for implementation experience and technology respectively. They also appreciated the platform’s graph analytics and network/link analysis capabilities. Respondents noted the Quantexa team’s knowledge of their solution and relevant technology. One client cited “a strong level of service and responsiveness compared to other vendor experiences.”

Quantexa’s Chief Product Officer, Dan Higgins, said: “Being recognized as a best-in-class provider for AML solutions by Celent is a true testament to the innovation and value we deliver to our clients. We continually strive to bring best-in-class solutions to our clients, helping them turn information into insight and insight into the ability to protect, optimize, and grow their organizations. Having Celent recognize our solution for the depth of impact it delivers, as well as our teams’ breadth of knowledge, which is helping to aid in the forensic investigations of financial crime, is inspiring and rewarding.”

Quantexa’s platform gives leading banks, fintechs and regulators the ability to understand their data by connecting siloed systems to protect, optimize and grow. By protecting and fighting against financial crime, Quantexa clients can become more resilient, visualize hidden risks at speed, and make more informed and trusted decisions about AML risk.

To download the Celent report which profiles Quantexa’s Decision Intelligence solution for AML Transaction Monitoring, visit Quantexa’s website here.

About Quantexa
Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 650 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, Dublin, New York, Boston, Washington DC, Toronto, UAE, Malaga, Amsterdam, Luxembourg, Brussels, Melbourne, Sydney and Singapore. For more information, please visit www.quantexa.com or follow us on LinkedIn.

Media Enquiries
C: Stephanie Crisp, Associate Director and Media Strategist, Fight or Flight
E: Quantexa@fightflight.com

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
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GlobeNewswire Distribution ID 1000830542

St Kitts and Nevis introduces mandatory interviews to confirm its status as the best regulated Citizenship by Investment Programme in the Caribbean

Basseterre, July 19, 2023 (GLOBE NEWSWIRE) — St Kitts and Nevis has yet again strengthened the administration of its Citizenship by Investment (CBI) Programme, announcing that all main applicants are to partake in a mandatory interview as part of the application process to its investment migration programme.

The twin-island Federation becomes one of the first Caribbean nations to introduce the soon-to-be industry standard. Instituted by regulations published on July 19, 2023, the new policy applies to all applications, including those already received but not yet approved by the Citizenship by Investment Unit (CIU). The new regulations also provide that dependants may be asked to be interviewed.

This new step in St Kitts and Nevis’ CBI application process confirms that St Kitts and Nevis has now fully implemented the six principles agreed between the United States of America and governments of the five Caribbean nations with Citizenship by Investment Programmes in a roundtable meeting held on February 25, 2023. That meeting was convened to discuss and agree on common ways to deal with threats to international communities in the investment migration ecosystem.

The five Caribbean participating governments are Antigua & Barbuda, Dominica, Grenada, St Kitts and Nevis and Saint Lucia. Their Prime Ministers and other senior state officials met with a USA delegation led by Anna Morris, Deputy Assistant Secretary at the USA Department of Treasury.

The group collectively committed to six CBI principles proposed by the USA, several of which were already adopted by the five Caribbean participating governments of their own volition as part of their risk management framework to strengthen and safeguard the integrity of their CBI programmes.

The six principles agreed were:

  1. Treatment of denials: Not to process applications from persons whose applications have been denied in another CBI jurisdiction, by proactively sharing information on denials.
  2. Interviews: Conduct interviews with applicants, whether virtual or in-person.
  3. Additional checks: Each jurisdiction will run checks on each application with the Financial Intelligence Unit of its respective country.
  4. Audits: Audit the Programme annually or every two years in accordance with internationally accepted standards.
  5. Retrieval of passports: Request law enforcement assistance to retrieve revoked/recalled passports.
  6. Treatment of Russians and Belarusians: Suspend processing applications from Russians and Belarusians.

A delegation from St Kitts and Nevis, headed by the country’s Prime Minister, Terrance Drew, also attended this year’s annual European Union-Community of Latin American and Caribbean States Summit (EU-CELAC) Summit in Brussels.

During the Summit, St Kitts and Nevis, along with the other Caribbean CBI islands, met with the European Commission and agreed to establish a joint task group to engage the stakeholders and keep both regions abreast of ongoing developments and find a common ground to work from.

“We are very happy about how the meeting went in Brussels. There is definitely a spirit of cooperation between ourselves and the European Commission, and we will continue to make our efforts in mitigating international security risk very clear so all our international partners are confident of the integrity of our programme,” noted Prime Minister Drew.

The third edition of EU-CELAC was held from July 17 to July 18, 2023, and aims to discuss key matters of interest that impact the Caribbean and the European Union and effective resolutions.

From July 19, 2023, main applicants, 16 years and older, for St Kitts and Nevis’ CBI programme will be required to be interviewed – virtually or in person – as part of the application process.

Head of St Kitts and Nevis’ Citizenship by Investment Unit, Michael Martin, commented that “St Kitts and Nevis remains committed to cooperating with our international stakeholders and takes the safety and integrity of our Citizenship by Investment Programme extremely seriously.”

Due diligence and risk mitigation remain a very important aspect of how St Kitts and Nevis approaches its CBI programme.

The country has one of the best regulated programmes in the world. St Kitts and Nevis is the only country with a CBI Board of Governors responsible for providing general oversight of the operations their CBI Unit; developing and implementing policies and procedures; ensuring that application processing is completed within the timeframes advertised without compromising the integrity of the programme; and constantly monitoring the global investor immigration industry to ensure that the country’s CBI Regulations align with international market forces.

The country is the also the only one with a CBI Technical Committee charged with ensuring all due diligence background checks are comprehensive in keeping with the country’s multi-sectoral good governance transformation into a sustainable island-state.

Caribbean CBI nations remain at the pinnacle of due diligence excellence and St Kitts and Nevis continues as a trailblazer for many CBI nations across the world.

The due diligence for the St Kitts and Nevis CBI Programme is conducted by highly respected international due diligence agencies from the USA, Canada and the United Kingdom, and vetted by the CBI Unit, Financial Intelligence Unit and international policing authorities. These agencies work together to facilitate a multi-layer due diligence investigation online and on-the-ground.

St Kitts and Nevis boasts the oldest CBI programme in the Caribbean, established in 1984, and continues to be a firm favourite among international investors across the world.

Secretary of St Kitts and Nevis Citizenship by Investment
Government of St. Kitts and Nevis
001 (868) 467 1474
info@sknciu.com

GlobeNewswire Distribution ID 8877083

Why coup should be seen as organised crime – Buratai

Former Chief of Army Staff, retired Lt.-Gen. Tukur Buratai, has said that coup should be seen as an organised crime and punished accordingly to allow democracy to survive in Africa.

Buratai said this at a One-Day International Conference on Organised Crimes put together by the Tukur Buratai Centre for Contemporary Security Affairs, Igbenedion University Okada, on Tuesday in Abuja.

The theme of the conference is “Organised Crimes Network as an Emergent Threats to National Security”.

Buratai, who is also a former Nigerian Ambassador to the Republic of Benin, said the battle against organised crime require concerted efforts of experts, policymakers, and stakeholders from diverse sectors.

Buratai said that the contemporary challenges had shown that the military must continue to play its constitutional role without getting involved in governance while democratic governments should govern the citizens well.

He said the military had been the at the receiving end because of the rate of attrition, adding that the crave for democracy now required the military to perform its constitutional role rather than get directly involved with governance.

“They can have many ways to influence the government to make sure that security role is played appropriately and also allow the democrats, the civilians, to perform their roles properly.

“The best way is for the military to remain within the constitutional bounds and also encourage the civil administration to do their best to solve the governance challenges or the developmental challenges of our country.

“It is by doing so that everybody playing his role, the democrats doing their own properly, the politicians, the military, the populace are performing their own roles properly.

“The politicians and the military should try to avoid being influenced externally to disrupt the democratic process in the country,” he added.

The former army chief said the causes of organised crime in the Sahel, particularly in Nigeria, were multifaceted, adding that porous borders remained one of the primary contributing factors.

He also said the easy movement of criminals and illegal goods across national boundaries as well as the prolonged conflicts in countries like Somalia, DR Congo, Libya, Mali, Burkina Faso, and now Sudan, had a direct impact on the rise of organised crimes.

“In Nigeria, organised crime has taken various forms, reflecting the country’s socio-economic challenges and political landscape.

“One notable episode of organised crime was the Maitatsine insurgency in the 1980s, which saw a radical sect advocating for a strict form of Islamic governance, resulting in violence and loss of lives.

“Another infamous case was the Anini saga in the 1980s, where Lawrence Anini led a notorious gang involved in high-profile robberies and assassinations.

“Additionally, the rise of kidnapping syndicates has posed a significant security threat, with criminal groups targeting individuals for ransom.

“Furthermore, banditry has become a major concern, particularly in the northwestern region, where armed groups engage in cattle rustling, armed robbery, and other criminal activities.

“The emergence of drug cartels has also contributed to the expansion of organised crime, leading to increased drug trafficking, money laundering, and corruption,” he added.

Buratai said the scope of organised crime in Nigeria was vast and diverse, requiring comprehensive and multifaceted approach from law enforcement agencies and government to effectively combat and protect citizens.

According to him, Nigeria has a criminality score of 7.15 out of 1 to 10 and is ranked 5th out of 193 countries.

“It is 2nd of 54 countries in Africa and 1st of 15 countries in West Africa according to the Global Organized Crime Index.”

He added that the countries with the highest criminality levels were those experiencing conflict or fragility.

Buratai cautioned that the alarming reality of ongoing criminal activities, ranging from the illicit theft of about 500 barrels of crude oil on a daily basis to the calculated displacement of communities for the purpose of mining minerals could not be ignored.

“These multifaceted crimes not only undermine the stability and well-being of affected regions but also perpetuate a cycle of violence and exploitation.

“These criminal enterprises not only rob our economy of legitimate growth and development but also inflict immeasurable harm on individuals and communities,” he said.

The Vice Chancellor, Igbenedion University, Prof, Lawrence Ezemonye, said the scale of insecurity in Nigeria was heightened by the growing convergence and proliferation of organised criminal activities such as banditry, terrorism, human and drug trafficking, kidnapping, among others.

Ezemonye said the menace had together put serious strains on the nation’s security architecture.

He said the university under the auspices of the Buratai Centre for Contemporary Security Affairs, was poised to respond to the challenges through convocation of versed security analysts and security personnel including top-notch operatives to interrogate the issues.

This, according to him, is in tandem with the overall goal of the centre, which is to build the nation’s capacity in dealing with evolving and novel security challenges through cutting edge knowledge.

Source: News Agency of Nigeria

Border security, tackling arms proliferation crucial in stemming insecurity – Dambazau

A former Chief of Army Staff and Minister of Interior, retired Lt.-Gen. Abdulrahman Dambazau says strengthening border security and blocking arms proliferation are crucial in tackling crimes in Nigeria.

Dambazau made the call at a one-day International Conference on Organised Crime, on Tuesday in Abuja.

The conference was organised by the Tukur Buratai Centre for Contemporary Security Affairs, Igbenedion University, Okada.

It has as its theme: “Organised Crimes Network as an Emergent Threats to National Security”.

Dambazau said that though organised crime was not something new, however the tactics and strategies deployed by the criminals change consistently to evade law enforcement agencies.

He pointed out that cross-border crimes such as drug, arms and human trafficking were issues that have consequences on national security.

He said the smuggling of arms and drugs usually combine to give criminals a tip to fight the public.

According to him, without weapons or drugs, these criminals will not be able to frighten the public and carry out their dastardly acts.

“The second issue is that we need to strengthen our security institutions, the border security institutions in particular, because quite a lot of the products are being smuggled through our porous borders.

“Our borders are porous and are approximately almost 5,000 kilometres, which is impossible to cover physically.

“So, with impossibility of physical government, we need to employ modern technology in order to do that.”

Dambazau also said Nigeria should partner its strategic neighbours to contain the security challenges.

“This is very important; not just the immediate neighbouring countries, but also strategic partners all over the world because if we have to rely on ourselves alone, we will not be able to deal with the situation,” he added.

The former army chief said that some of the criminals like Boko Haram terrorists have staging areas in some countries, such as Chad, Cameroon, Niger and Benin Republic.

“So, if we don’t partner with these countries, we will not be able to deal with them; likewise the smuggling of arms and others,” he said.

Dambazau also called for strategic partnership with western powers in the area of equipment and training to have capacity to monitor and act on time to deal with any security situation.

He also called on Nigerians to support the current government in its seven points agenda on national security, and its effect on food security.

In his remarks, the National Security Adviser (NSA), Malam Nuhu Ribadu, said that the country has had fair share of terrorism that transcended national boundaries.

Ribadu was represented by the Coordinator, National Counter Terrorism Centre, retired Rear Adm. Yaminu Musa.

He said the current global terrorism report indicated that terrorism remained a serious threat in sub-Saharan Africa, which has become the epicentre and sanctuary for most deadly terrorist groups in the world.

He said sub-Saharan Africa accounts for 48 per cent of total global terrorism index in 2021, and 43 per cent in 2022.

According to him, the military defeat of ISIS in the Middle East, Taliban victories in Afghanistan, resilience of terrorist groups like Boko Haram and ISWAP, had shaped terrorist activities within the Sahara region, including Nigeria,

“There is an emergent trend within the terrorist group in Nigeria.

“That is the use of exclusion technique, and in that way, exclusion has become a crucial tool for terrorist network which enabled them to protect their complication and operational security.

“The use of a crucial technology by this network ensure that messages and data are coded in a way that can only be deciphered and certified by authorised recipients.

“This level of security and terrorist network protect their operational plans; coordinate attacks and secrecy, making it difficult to gather timely and actionable information,” he said.

The NSA said that effort were ongoing between the Federal and Borno Governments to rehabilitate terrorists who surrendered after proper screening out of those who should go through the criminal justice system.

Ribadu however said the impact of terrorism has continued to decline in Nigeria as a result of these efforts.

”The total death has dropped by 23 per cent, decreasing from 497 in 2021 to 385 in 2022 and the number of terrorists’ attack in Nigeria also has fallen positively to 120 in 2022 compared to 214 in 2021,” he added.

The Chairman, Police Service Commission, Dr Solomon Arase, said that organised crime evolved in Nigeria from stage to stage since after the civil war.

Arase, represented by a Senior Advocate of Nigeria, Prof. Edoba Omoregie, said the challenge of terrorism and insurgency had helped to increase the level of organised crime.

He said the impact of organised crime on national security had continued to impede meaningful progress with dire economic consequences.

He called for the strengthening of law enforcement, kinetic and not-kinetic methods and intelligence gathering to tackle crime in the country.

The News Agency of Nigeria (NAN) reports that the Chief of Defence Staff, service chiefs and the Inspector General of Police all made presentations through their representatives at the event.

Source: News Agency of Nigeria

New Islamic Year: Let us promote peace, justice, equality – AANI President

The National President, Alumni Association of the National Institute (AANI), Amb. Emmanuel Okafor, has called on Nigerians to promote peace, justice, and equality for all.

Okafor made the call on Wednesday in Abuja in a goodwill message to Muslims on the occasion of the Islamic Calendar 1445.

He said the Islamic new year was an opportunity for all to reflect on the values of peace, unity, and harmony that Islam teaches.

Okafor said Islam, a religion of compassion and tolerance, inspires people to cultivate a spirit of goodwill, understanding, and respect for one another.

“It is time for us to renew our commitment to these timeless principles and to foster a society that is built upon mutual cooperation and coexistence.

“In the face of numerous challenges that our great nation, Nigeria, has encountered in recent times, it becomes even more crucial for us to unite as one people, regardless of our religious or ethnic backgrounds.

“We must come together, hand in hand, to promote peace, justice, and equality for all Nigerians.

“It is only through such unity that we can surmount the obstacles that lie before us and build a prosperous, inclusive, and harmonious nation that we can be proud to pass on to future generations,” he said.

Okafor said that the members of AANI recognised the immense potential within the people to effect positive change in the society.

He therefore called on all to harness the potential and work tirelessly to promote dialogue, understanding, and reconciliation among all Nigerians.

According to him, together, we can foster an environment where every citizen feels valued, respected, and empowered to contribute to the nation’s development.

He also implored all Muslim members of AANI, as well as other Nigerians, to embrace the spirit of peace and extend it to their daily interactions.

“Let us engage in acts of kindness, compassion, and empathy towards one another, irrespective of our differences.

“By doing so, we will create a ripple effect of harmony and understanding that will transform our communities and bring us closer to the Nigeria we envision.

“I wish you all and your family, a blessed year filled with love, happiness, and prosperity.

“May the Islamic Calendar 1445 be a time of reflection, spiritual growth, and renewed commitment to building a peaceful and prosperous nation,” he added.

Source: News Agency of Nigeria

Uncertainty: Firstbank tasks SMEs on staying strong

Mrs Oludolapo Adigun, Group Head, Retail Banking, South, FirstBank, has advised Small and Medium-sized Enterprises (SMEs) to see opportunity in adversity and make good use of it to stay strong in business.

Adigun gave the advice at a SMEConnect webinar, organised by the FirstBank for individuals and business owners in Nigeria, on Tuesday in Lagos.

The News Agency of Nigeria (NAN) reports that the webinar had the theme: “The Power of Resilience: Building a Strong Business in Times of Uncertainty’’.

SMEConnect webinar is one of the ways through which FirstBank delivers its capacity-building pillar of its value propositions to SMEs.

The initiative focuses on impacting SMEs in areas that affect their business growth and development.

Adigun said: “Nigeria is a blessed land. We have the potential, we have over 200 million people, we are said to be the most populous and in population, we have the market and it’s a growing large consumer base.

“So, there is immense opportunity for SMEs; and with the growing middle class and increasing opportunity, we need to tap into it as an SME.’’

Adigun named some of the challenges SMEs faced to include infrastructure, regulatory environment, informal economy like those that are not exposed to education, rising inflation, petrol subsidy removal, currency devaluation, Foreign exchange rate, among others.

She said these challenges, like uncertainties, would always happen in business as they are norms in the business world and in everyday life.

According to her, how ready SME operators are to handle them are essential.

She said: “So, the strategies for businesses to adapt to economic condition and seize market opportunities, they need to navigate through regulatory framework to address infrastructural challenges and harness the entrepreneurial skill.’’

Adigun urged businesses to plan and maintain a long term loan, financial management, prioritise strategic partnership, strengthen customer relationship, adjust business model and enhance operational efficiency, among others.

She also said that most of the challenges and uncertainties that businesses in Nigeria go through, Firstbank had gone through it and yet still standing.

She said that the bank had carried out a dynamic adjustment of its operations, structure and system, adding that it was still reviewing its process.

She said, “FirstBank is SME’s focused bank with over 1,000 MSMEs in its book.

“And what do we do with them? We know your challenges and what you are going through and because of that we know your pain point.

“We have products that have been suited for you; we have assets, products, liability products, and others, all about you and for your sustenance and growth and we also have the seven pillars,’’ Adigun said.

She urged individuals who aspire to own a business and business owners to register on the SMEconnect@firstbanknigeria.com as there were a lot in there for them to gain.

She also introduced to the participants the firstbank business diagnostic tool which the bank uses to analyse businesses and give advice on areas of strength and improvement.

Earlier, Mr Damilola Aransiola, Chief Growth Officer, WhoGohost, urged the participants to find unique ways to solve the challenges that the hard times had thrown on their businesses.

According to him, this is what WhoGohost did to stay resilient in business.

“Resilience is the capacity to withstand or to recover quickly from difficulties and toughness.

“For us (WhoGohost) to be stable, we built a product that will allow us to earn in dollars and that was what we did with Muzu.co, a website builder, that allows people to create websites quickly for themselves,’’ he said.

He, therefore, urged business owners to build resilience by innovating and pivoting.

He advised that if a particular business strategy was not working, they could look for other ways to create products that would allow them to earn quick money as revenue was the lifeline of every business.

He said, “ revenue is the lifeline of your business, you don’t want to lose that, so you have to think of creative ways to make money.

“And don’t have the mindset that Nigerians don’t have money, though there are some people that might not be able to afford your product but don’t have that mentality that you cannot earn money

He also urged them to creatively partner with others and use that to grow.

Source: News Agency of Nigeria