Fidelity Bank Trains 1,276 Women in Digital and AI Skills

Fidelity Bank Trains 1,276 Women in Digital and AI Skills

As part of its commitment to empower women with relevant entrepreneurship skills, leading financial institution, Fidelity Bank Plc, partnered with ImpactHER to host another round of free digital and Artificial Intelligence (AI) skills training for businesswomen. The training, organized by ImpactHER, was held from Monday, August 19 to Friday, August 23, 2024, and successfully trained 1,276 women entrepreneurs in digital and AI.

Situating the importance of the training within Fidelity Bank’s strategy, Osita Ede, Divisional Head, Product Development at Fidelity Bank Plc said, “Available data points to the fact that women-led small businesses account for over 40% of Micro, Small, and Medium Enterprises (MSMEs) in Nigeria. This underscores the critical role female entrepreneurs play in driving economic growth.”

“At Fidelity Bank, we believe that empowering female entrepreneurs with the relevant skills to run successful businesses would go a long way in helping individuals to grow, businesses to thrive and economies to prosper in line with our mandate.”

The online training, delivered by ImpactHER, covered various topics related to leveraging technology for successful businesses. These included “Getting Started with Email Marketing,” “How to Harness AI for Content Creation as a Small Business Owner,” and “Branding and Positioning.”

Efe Ukala, Founder of ImpactHER, explained the importance of providing free training: “Statistically, women and girls are 25% less likely to leverage digital technology for basic purposes, 4 times less likely to know how to program computers, and 13 times less likely to file for technology patents. This highlights the importance of equipping African women with digital skills that can be leveraged to scale their businesses. Data shows that Africa can add 180 billion dollars to its GDP by 2025 if we close the e-commerce digital gap. By offering this training at no cost and collaborating with supporters like Fidelity Bank to reach more women, we’re working to make these vital skills accessible to women entrepreneurs who can drive this economic growth.”

This collaboration demonstrates Fidelity Bank and ImpactHER’s commitment to providing free, high-quality training to women entrepreneurs. By combining ImpactHER’s expertise and Fidelity Bank’s network and support for small businesses, the program aims to create lasting impact in the business community.

Participants praised the free program’s practical approach and the immediate applicability of the skills learned. The success of this initiative paves the way for future collaborations aimed at empowering more women entrepreneurs across Nigeria through free, accessible training programs. The August 2024 cohort brings the number of women entrepreneurs trained under the partnership to 5,719.

Ranked as one of the best banks in Nigeria, Fidelity Bank is a full-fledged commercial bank with over 8.3 million customers serviced across its 251 business offices in Nigeria and the United Kingdom as well as on digital banking channels.

The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.

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Fidelity Bank Affirms Commitment to Data Protection and Strong Corporate Governance

Fidelity Bank Affirms Commitment to Data Protection and Strong Corporate  Governance

Leading financial institution in Nigeria, Fidelity Bank Plc, has assured its customers of unwavering commitment to upholding the highest level of ethical standards in all dealings with customer data.

The assurance comes amid allegations by the Nigerian Data Protection Agency (NDPA) against the bank relating to data breach.

While reiterating its commitment to strong corporate governance, Fidelity Bank, in a statement signed by its Divisional Head, Brand & Communications, Dr Meksley Nwagboh, maintained that it has conducted its services with highest ethical standards by ensuring full compliance with extant laws on data protection.

Giving a breakdown of its dealings with the NDPC since it received a letter of the alleged data breach, the bank stated that “on April 30th, 2023, we received a notice of investigation from the Nigerian Data Protection Agency (NDPA), now the Nigerian Data Protection Commission (NDPC). The investigation was in respect of a complaint from [name has been withheld to protect the identity of the complainant] who claimed that [name withheld] details were used to open an account in the bank without [name withheld] consent.

“Based on this notice, we conducted an internal investigation into the circumstances around the claim and discovered as follows:

“An account opening request was received online in the name of [name withheld], and an email was sent to the email address attached to the request informing them about this.

“In compliance with our Data Protection policy, accounts created online without full documentation are not allowed to be operational and are closed after 30 days if the outstanding documents are not provided to authenticate the identity of the person seeking to open the account.

“In compliance with our data protection laws, the account was not allowed to be operational as the passport photograph and BVN were not provided.

“The account was immediately placed on “Post No Debit” status as the applicant was expected to complete the account opening process by providing the outstanding documents for verification within 30 days. This was not done, and the account was eventually closed.

“On May 2nd, 2023, we responded to the NDPC that the bank did not violate any law because there was no data breach and that the account opening process was not completed. On our part, we carried out due diligence by immediately blocking the account and subsequently closing the account when we did not receive the outstanding documents.

“At no point in the process was the account ever operational.

“On July 7th, 2023, we were invited for a Pre-Action meeting with NDPC. During the meeting, we restated our position as earlier communicated to them in our letter dated May 2nd.

“However, despite our explanation and evidence provided to support our claim, the agency informed us that they had reached a conclusion to impose a penalty on the bank.

“On 5th December of 2023, we got a letter from NDPC demanding we pay a ‘remedial fee’ of N250 million within 21 days.

“We immediately commenced another round of engagements with the Commission as we were convinced. We had not breached any extant law or regulation.

“While discussions were still ongoing with the NDPC, we received another letter on the 20th of August demanding that we now pay N555.8m naira.

“As a responsible financial organization with a history of strong corporate governance standards, we remain committed to the due process of the law, and we wish to assure all our customers of our unwavering commitment to upholding the highest level of ethical standards in all our dealings with customer data.

“Our commitment to strong corporate governance has earned us local and international recognition, including the prestigious CG+ award. This is the highest rank under the Corporate Governance Rating System (CGRS) of the Nigerian Exchange Group (NGX), which evaluates listed companies against established best practices and standards.

“As a bank, we remain in discussions with the NDPC over an amicable resolution to this matter.”

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STOP ASSOCIATING IPOB & ESN TO THE AUTOPILOT CRIMINALS; IPOB WARNS ENUGU STATE GOVERNMENT

STOP ASSOCIATING IPOB & ESN TO THE AUTOPILOT CRIMINALS; IPOB WARNS ENUGU STATE GOVERNMENT

The global family and movement of the Indigenous People of Biafra (IPOB) led by the great and indomitable leader, Mazi Nnamdi Okwuchukwu Kanu wish to debunk the fabricated and fallacious news peddled by the Enugu State Governor's media office where they claim that the Nigerian Police neutralized 27 kidnapping gangs of ESN members loyal to the Finland based buffoon at various locations in Enugu State. The claim is not only false but also a cheap propaganda against IPOB and ESN. 

According to the report in the Sahara Report and other media houses in the zoo, the Enugu State Governor's Media office claimed that the Nigerian Police neutralised 27 criminals and kidnappers within two weeks at various locations in the State. 

The Nigerian Police and Enugu Government said that some of the neutralized criminals are pro-Biafra agitators loyal to the Finland based double agent. 

Then why did they turn around and associate these  criminals with  the noble IPOB family? 

In the usual malicious intent of the Nigerian governmental bodies ways, the police claimed that the so-called neutralized criminals were ESN Operatives loyal to Autopilot IPOB. For a long time, IPOB has maintained that there is nothing like Autopilot in IPOB.

Moreso, the criminal gang leader in Finland has no relationship with ESN from the formation of ESN to date or with IPOB. The criminals and kidnappers have nothing in common with IPOB, ESN, and the Biafra struggle. The Enugu State Governor, Dr. Peter Mba and the Nigeria Police in Enugu State should stop being maliciously mischievous. They should stop the unnecessary blackmail against IPOB and call the criminals by their name. Already, the criminals captured said where they belong, and it is not with the IPOB's Eastern Security Network (ESN).

We are warning the Enugu State Governor's Media office to desist from linking ESN and IPOB to the self acclaimed Autopilot leader, a double agent in Finland, and his criminals in Enugu, and anywhere else in Biafra Land. All ESN Operatives are under the command of the Directorate of States (DOS) of the Indigenous People of Biafra (IPOB). There are no ESN operatives loyal to the Nigerian government's double agent in Finland. 

IPOB has no faction nor any affiliates. If not IPOB, it's not IPOB.

The group by themselves have stated that they do not belong to IPOB and ESN, why is the Nigerian government and her murderous Security Forces forcing them on IPOB and keep associating them with IPOB and ESN.

ESN Operatives don't get involved in any criminal activities. They are disciplined vigilantees who are strictly focused on their mandate of dislodging the Fulani terrorists nicknamed herdsmen from destroying our farmers and farmlands. Biafrans can testify that ever since the ESN was formed, ESN Operatives have never been involved in  crimes, nor have they threatened the peace and security of Biafrans that they vowed to protect. 

The Nigeria government and her murderous Security Agencies should stop blackmailing IPOB and ESN by associating our hallowed ESN with the autopilot gang and their leader. 

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1,500 Osun Residents Benefit from Fidelity Food Bank Outreach

1,500 Osun Residents Benefit from Fidelity Food Bank Outreach

Over 1,500 residents made up of women, children, widows, and the elderly have benefited from the one-day feeding program organized by Fidelity Bank in Osun State.

The food bank project was held at St. Benedict Catholic Church, Osogbo, Osun State under the bank’s Corporate Social Responsibility (CSR) Initiative created to reach out to vulnerable persons and reduce the effect of hunger in the society.

Speaking at the distribution event, the Divisional Head, Brand and Communication, Fidelity Bank Plc, Dr. Meksley Nwagboh, described the Food Bank Initiative as the bank’s contribution towards helping the less privileged in the society.

Highlighting the bank's commitment to supporting the underserved communities in its outreach efforts in the Osogbo and environs, he noted that, “Food security is a pressing challenge, and as a socially responsible organization, we are committed to tackling this issue. We collaborate with various non-governmental organisations (NGOs) to identify communities in dire need and provide much-needed food support.

According to Nwagboh, “There is always a significant turnout of people during our Food Bank outreaches. This program holds every month, and the distribution of the food packs takes place simultaneously across all regions of the country. Today, we brought over 1,500 packs of food items to be distributed to the people and plan to continue to do more in communities across the country to help those in need.”

Applauding the initiative by Fidelity Bank, Reverend Father Michael Domingo of St. Benedict Catholic Church, Osogbo stated that, “It is surprising and commendable that a bank in Nigeria is giving back to the community.  We are aware that banks are known for taking, but Fidelity Bank is giving back to the people.

“The Fidelity Food Bank initiative is worthy of emulation which is why the Catholic Church has a working relationship with the Bank. We recognize its uniqueness and appreciate how it helps the community."

On his part. Reverend Father Joseph Komolafe, the host priest, encouraged affluent individuals to follow Fidelity Bank's example in combating hunger adding that, "You don't have to wait until you have plenty before you give out. Share what you have, no matter how little, for the progress and development of society," he stated.

The Fidelity Food Bank Initiative continues to make a significant impact, providing vital support to those in need and reinforcing the bank's commitment to social responsibility.

Ranked as one of the best banks in Nigeria, Fidelity Bank is a full-fledged commercial bank with over 8.3 million customers serviced across its 251 business offices in Nigeria and the United Kingdom as well as on digital banking channels.

The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 Business day Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.

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Fidelity Bank Partners Lagos State to Plant 20,000 Trees

Fidelity Bank Partners Lagos State to Plant 20,000 Trees

As part of initiatives under its Environment Corporate Social Responsibility (CSR) pillar, leading financial institution, Fidelity Bank Plc, has partnered with the Lagos State Parks and Gardens Agency (LASPARK) to launch a tree planting drive.

 

Through the collaboration, Fidelity Bank will support LASPARK to plant 20,000 trees in the state by July 2025 as part of its strategy to combat climate change and promote environmental sustainability in alignment with the United Nations Sustainable Development Goal 13. 

 

Speaking at a tree planting exercise put together to launch the partnership in Alausa, Ikeja recently, the Divisional Head, Brand and Communications at Fidelity Bank Plc, Dr. Meksley Nwagboh noted that, “Environmental preservation is a key driver of our CSR focus at Fidelity Bank, and partnering with LASPARK aligns with our sustainability objectives. 

 

“We believe that protecting the earth is a shared responsibility, and LASPARK’s commitment to this cause makes them an ideal partner for this project. This initiative is not a one-time event, it is a continuation of our ongoing efforts to drive sustainable and best practices. We are committed to ensuring that our environment is protected in the long-term”. 

 

Expressing her gratitude for the newly birthed partnership with Fidelity Bank, the General Manager, LASPARK, Adetoun Popoola, noted that “Fidelity Bank has been a committed partner over the years, and the agency’s dual mandate is to beautify Lagos and combat the effects of climate change through tree planting.

 

“We are grateful as this is not just a one-off collaboration, but a continuous relationship that we will continue to nurture. Tree planting plays a critical role in the state’s climate action and resilience plan and our target for this year is to plant 20,000 trees by July 14, 2025.

 

"This initiative with Fidelity Bank contributes to that goal, and we are dedicated to planting trees until we meet and exceed this target. The broader objectives of the Lagos State Government is to combat the negative effects of climate change, and tree planting is one of the simplest and most cost-effective ways to do that.

 

Besides the tree planting exercise, Fidelity Bank actively supports environmental conservation through several initiatives across the country. These include the maintenance and beautification of gardens, parks and roundabouts; donation of recycling bins to secondary schools and solar and inverter systems to institutions. The bank is also a key partner of the Nigerian Conservation Foundation (NCF). 

 

“The partnership between Fidelity Bank and LASPARK represents a shared vision for a greener, more sustainable Lagos and it is a testament to the power of collaboration in the fight against climate change and the preservation of the environment for future generations,” added Popoola. 

 

Ranked as one of the best banks in Nigeria, Fidelity Bank is a full-fledged commercial bank with over 8.3 million customers serviced across its 251 business offices in Nigeria and the United Kingdom as well as on digital banking channels.

 

The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.

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NGX Rates Fidelity Bank highest on Corporate Governance

Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial bank adheres promptly to all full disclosure requirements and global best practices.

Fidelity Bank is awarded CG+, the highest rank under the Corporate Governance Rating System (CGRS), which screens quoted companies against prescribed best practices and standards.

A review of the latest compliance report showed that Fidelity Bank sustains its highest-ranking rating of CG+, with shareholders and market pundits commending the high corporate standards of the bank.

Head, Listings Regulation Department, NGX Regulation (NGXRegco), Mr. Godstime Iwenekhai, explained that the CGRS was designed to strengthen the governance structures of listed companies and provide a valid basis for discerning investors to differentiate between listed companies on the basis of their compliance with acceptable standards of corporate governance.

“In our view, corporate governance promotes ethical business practices, transparency and fair competition,” Iwenekhai said.

He pointed out that the special character combination “CG+” underlined compliance with best practices and highest corporate governance standards, which entitle the rated companies to special privileges at the stock market.

Corporate governance compliance at the stock market includes prompt submission of detailed operational results from period to period as required by the market rules, full disclosures of all material and regulated information and accurate rendition of reports and accounts.

Also, compliance includes ensuring that the company’s shares are not encumbered in a way that impinges on free float or number of shares available to the general investing public for efficient price discovery, compliance with all investor-protection safeguards in communication with shareholders and organizing statutory meetings as required among others.

The Nigerian Exchange (NGX) noted that the compliance tracker was aimed at maintaining market integrity and protecting the investors, noting that listed companies are required to adhere to high disclosure standards.

“Financial information which is periodic disclosure and on-going material events disclosure should be released to NGX in a timely manner to enable it efficiently perform its function of maintaining an orderly market,” NGX stated, referencing some of the criteria for its corporate governance rating.

Market experts and shareholders agreed that corporate governance compliance is a major factor in deciding on investing in a public and the safety of such investment.

Managing Director, Arthur Steven Asset Management, Mr. Olatunde Amolegbe, said corporate governance compliance rating is “extremely important” as it indicates to the investing public the quality of compliance of a company to listing requirements.

“As you know, stock prices are driven primarily by available information and the NGX has a minimum level of disclosure expected of quoted companies. This disclosure helps the public make qualitative decisions as to the state or performance of the companies they are seeking to invest in. These markers are therefore the initial indicators as to whether the companies are meeting their disclosures and other regulatory obligations or not,” Amolegbe, a former president of Chartered Institute of Stockbrokers (CIS), said.

Managing Director, APT Securities & Funds, Mallam Garba Kurfi, said the corporate governance rating “shows the extent companies are in compliance with corporate governance”.

“High rating means very good in doing the right thing timely while low rating discourages foreign investors from investing in such companies,” Kurfi, a leading market operator and member of the board of Securities and Exchange Commission (SEC), said.

Managing Director, HighCap Securities, Mr David Adonri, noted that “CG+ means excellent corporate governance rating”.

“When a company is organised and upholds good corporate governance, the benefit to stakeholders is maximized,” Adonri said.

Investors said its high corporate governance was one of the compelling reasons they chose to invest in Fidelity Bank.

President, Association for the Advancement of Rights of Nigerian Shareholders (AARNS), Dr. Faruk Umar said Fidelity Bank has a very good corporate governance structure that reassures investors of the safety of their investments.

According to him, while the bank has a good succession plan, the calibre of the independent non-executive directors on the board gives shareholders strong confidence of the kind of board oversight they will be expecting.

National Coordinator, Independent Shareholders Association of Nigeria (ISAN), Mr. Moses Igbrude, said Fidelity Bank’s impressive performance over the years had been built on good corporate governance.

“My appeal to the board is to continue to imbibe good corporate governance in order to sustain this growth,” Igbrude said.

National Coordinator, Pragmatic Shareholders Association of Nigeria, Mrs. Bisi Bakare, said Fidelity Bank has created a “very excellent impression” in the minds of shareholders.

According to her, the bank has continually showcased exemplary leadership with continuous impressive results, with successive growths over the past five years.

“Fidelity Bank is a very good bank that shareholders are very happy with their investments and we have never regretted buying into Fidelity Bank,” Bakare said.

National Coordinator, Progressive Shareholders Association of Nigeria, Mr. Boniface Okezie said good corporate governance was the cornerstone of Fidelity Bank’s sustained growth and impressive returns over the years.

“Fidelity Bank remains one of the best stocks that investors should look forward to investing in for better returns. I’m very optimistic about the bank’s healthy strong assets. With its good corporate governance and excellent customers’ service, there is every reason to hope for a more promising future,” Okezie said.

The NGX tags defaulting companies for poor corporate governance and also applies various monetary and non-monetary sanctions, including fines ranging between N100,000 to N100 million, partial or full suspension of trading, naming and shaming with a red alert tag and compulsory delisting in extreme cases.

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Unity Bank Boosts Entrepreneurship Development Initiative

 Unity Bank Boosts Entrepreneurship Development Initiative

In a strategic move aimed at bolstering startup capital and amplifying support for emerging young entrepreneurs across Nigeria, Unity Bank Plc has recently announced a significant increase in the prize money allocated to winners of its esteemed Entrepreneurship Development Initiative, known as the Corpreneurship Challenge. This initiative has been pivotal in fostering entrepreneurial growth within the country.

The revised prize structure now offers a substantial total prize money of 16 million Naira per stream. Winners of the business pitch competition will now receive enhanced grants, with the first, second, and third place winners securing N800,000, N500,000, and N300,000 respectively. This noteworthy adjustment represents a significant boost compared to previous editions, underscoring Unity Bank's unwavering commitment to nurturing and empowering aspiring business leaders.

Launched in 2019, the Corpreneurship Challenge initiative initially piloted in four states, including Lagos, Edo, Ogun, and Abuja. Since then, it has expanded its footprint to encompass ten states by 2020. This expansion has been made possible through a strategic partnership with the National Youth Service Corps (NYSC) Skills Acquisition and Entrepreneurship Development (SAED) program.

The cornerstone of the Corpreneurship Challenge is the business pitch presentation, providing participants with a platform to showcase their innovative business concepts and vie for coveted business grants. The recently concluded edition for the 2024 NYSC Batch A, Stream 1 witnessed the emergence of 30 winners from diverse sectors such as poultry farming, fashion, and pastries, among others. These winners exhibited exceptional entrepreneurial acumen during the rigorous business pitch sessions conducted across ten NYSC Orientation Camps situated in various states including Rivers, Delta, Anambra, Abia, Oyo, Ogun, Kebbi, Niger, Sokoto, and Zamfara.

At the Delta State NYSC Orientation Camp, Folorunsho Kolade emerged as the overall winner with a poultry farming business plan, clinching the grand prize of N800,000. Similarly, at the Nonwa Gbam Tai camp in Rivers State, Dan Betobong Samuel's food production business plan secured the top spot, earning him the same grand prize. Other notable winners included Samuel Ayodotun J. and Udoji Chibuike Peter, who impressed the adjudicators with their innovative business concepts in footwear ventures.

Mrs. Adenike Ambimbola, the Divisional Head of Retail and SME Banking at Unity Bank, commended the participating Corps Members for their ingenuity and pledged the bank's unwavering support for the Entrepreneurship Development Scheme. She emphasized Unity Bank's dedication to fostering youth empowerment and driving positive economic change through strategic interventions and financial assistance.

Dr. Opeyemi Ojesina, Head of SME Banking at Unity Bank, expressed delight at the growing prominence of the Corpreneurship Challenge as a premier business incubation platform and catalyst for entrepreneurship development in Nigeria. He highlighted the program's innovative approach, which combines financial backing, mentorship, and skill development to nurture aspiring entrepreneurs towards success.

Unity Bank's sustained investment in the Corpreneurship Challenge has yielded remarkable results, with over 369 winners produced since its inception in 2019. The bank's commitment to youth empowerment was further underscored when it was honored with the prestigious "Icon of Youth Empowerment" award by the NYSC leadership in 2021, in recognition of the initiative's impactful contributions to society.

The Corpreneurship Challenge continues to attract widespread interest among NYSC corps members, with each edition witnessing a surge in applications and active participation. Unity Bank remains resolute in its mission to empower the next generation of Nigerian entrepreneurs, driving innovation, job creation, and economic prosperity across the nation.

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Fidelity Bank Extends CEO's Contract: Dr. Nneka Onyeali-Ikpe to Lead Till 2026

Fidelity Bank Plc has recently made a significant decision regarding the tenure of Dr. Nneka Onyeali-Ikpe, extending her role as Group Managing Director/Chief Executive Officer (GMD/CEO) from 2024 to 2026. This announcement, conveyed through a notice to the Nigerian Exchange Limited (NGX), signifies the board's deep trust in Onyeali-Ikpe's capabilities and highlights her exceptional performance since assuming office on January 1, 2021.

The official confirmation of this decision came during the board meeting convened on February 12, 2024, as attested by Ezinwa Unuigboje, the Company Secretary. This extension of tenure is in line with Fidelity Bank's strategic objectives and serves as a recognition of Onyeali-Ikpe's significant contributions to the bank's growth and transformation, particularly evident throughout her tenure.

Drawing on her extensive experience spanning over three decades in the banking sector, Onyeali-Ikpe has held key positions in renowned institutions such as Standard Chartered Bank Plc, Zenith Bank Plc, and Enterprise Bank Plc. Since joining Fidelity Bank's board in 2015, she has played a pivotal role in reshaping the bank's operations, notably within the Lagos and Southwest Directorate.

Under her leadership, Fidelity Bank has witnessed commendable financial performance over the past five years, showcasing her unwavering commitment to excellence and strategic acumen. Notably, her academic background from esteemed institutions like the University of Nigeria, Nsukka, and Kings College London, coupled with professional certifications from prestigious business schools globally, further validates her expertise.

This announcement reaffirms Fidelity Bank's dedication to maintaining continuity and stability, positioning the institution for sustained growth and expansion under Onyeali-Ikpe's adept leadership. With her extended tenure, stakeholders are optimistic about the bank's future trajectory, anticipating continued progress and the successful execution of strategic initiatives, including international expansion efforts.

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Firstbank rewards customers with N170 Million worth of cash prizes in its Win Big Promo

 FirstBank, Nigeria’s premier financial institution and a leading provider of financial inclusion services, has introduced the Win Big promo to express appreciation and reward its esteemed customers. The four-month promotion, initiated on October 23, 2023, and scheduled until February 23, 2023, promises a total cash reward of N170 million to numerous new and existing customers.

Throughout the promo's duration, 1,240 customers—both new and existing—will be gratified with N100,000 each, with monthly draws selecting 310 winners. Customers reactivating dormant accounts have the chance to win free airtime, as 10,000 customers monthly will receive this reward for reactivating their accounts.

The grand finale draw will see six customers winning N1 million each. The promo is open to both new and existing savings and current account customers. To open a FirstBank account, customers can use the USSD code *894*0#, visit the bank’s website, or go to a nearby branch.

To qualify for the N100,000 monthly draw, customers need to deposit and maintain a minimum of N5,000 monthly and transact at least five times on the bank's digital channels. Customers eligible for the N1 million prize must maintain a deposit of N50,000 monthly for four consecutive months or uphold a minimum deposit of N200,000 for four months, coupled with a minimum of five transactions on the digital channels.

Reactivating dormant accounts is also rewarding. The first 10,000 customers depositing N1,000 and transacting on the bank’s digital channels will receive free airtime. Reactivated account holders can also participate in the monthly draw and the grand finale draw by fulfilling specified criteria.

To reactivate an account, customers can use the USSD code *894*7# or visit a FirstBank branch. Ms. Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, expressed excitement about the promo, emphasizing its commitment to enhancing the banking experience through various digital services.

The promo aligns with FirstBank's tradition of providing opportunities and platforms for a memorable homecoming experience. Customers are encouraged to actively participate by following the bank’s social media handles for updates: Facebook - First Bank of Nigeria Limited, Instagram - @firstbanknigeria, and X (formerly Twitter) - @FirstBankngr.

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Ecobank Nigeria Launches MySME Growth Series ....to Empower Over One Million SMEs

 

RALD NEWS MEDIA brings you the latest development from Ecobank Nigeria, a key player in the pan-African banking sector. In an effort to empower small and medium enterprises (SMEs), the bank has unveiled a groundbreaking training initiative called MySME Growth Series. This ambitious program aims to impact over 1 million SME operators throughout Nigeria in 2024.

Osahon Akpata, Head of SME & Partnerships at Ecobank Nigeria, highlighted the program's significance, aligning it with the bank's dedication to fostering the success of SMEs across diverse sectors. He emphasized the pivotal role SMEs play in Nigeria's economy, contributing nearly 50% to the GDP and accounting for 90% of job opportunities. In pursuit of growth, Ecobank is unwavering in its commitment to the prosperity of SMEs.

The inaugural phase, named MySME Growth series, will kick off with a series of virtual bootcamps led by expert facilitators. The overall theme, "Scaling up your SME in 2024," reflects the forward-looking nature of the initiative. The first weekly webinar, scheduled for Thursday, February 1, will focus on 'Growing your business online,' with Ijeoma Arum, Chief Commercial Officer of Jumia Nigeria, serving as the distinguished facilitator. This insightful webinar series is set to continue every Thursday throughout the year.

Mr. Akpata delved into the comprehensive coverage of the MySME Growth series, outlining key topics crucial for small businesses. These include accounting, credit, sales & marketing, taxation, and inventory management. Furthermore, Ecobank is gearing up to launch an SME Mentorship program, fostering collaboration between budding entrepreneurs and seasoned industry leaders.

The bank is not stopping there – it plans to arm SMEs with essential tools for business success, offering budget templates, scenario simulators, and links to government forms. The training will encompass resources for starting a business, covering aspects such as registration processes, industry statistics, and essential considerations for business operations. Ecobank's commitment extends to providing informative articles on diverse topics, including sales enhancement tips, advertising ideas, business management practices, case studies, and guides to leveraging technology.

In essence, Ecobank's MySME Growth Series stands as a beacon of support for SMEs, offering not only training and mentorship but also practical tools and resources crucial for navigating the dynamic landscape of entrepreneurship. RALD NEWS MEDIA will keep you updated on the unfolding success stories and developments arising from this impactful initiative.

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Fidelity Bank Supports Temile Development Company To Boost Nigeria’s Gas Revenues

 In a comprehensive report by RALD NEWS MEDIA, it has been revealed that Temile Development Company Ltd., a prominent indigenous participant in the oil and gas industry, has recently achieved a significant milestone in Nigeria's domestic gas sector. The company has successfully commissioned a state-of-the-art 23,000 cubic meters Liquefied Petroleum Gas (LPG) Carrier, named "Alfred Temile 10." This achievement is not only a testament to Temile Development Company's prowess in the industry but also a noteworthy advancement for Nigeria's energy landscape.

The inauguration ceremony for the ultramodern LPG Carrier took place at the Hyundai Mipo Dockyard in Ulsan, South Korea, underscoring the global collaboration involved in such major undertakings. Fidelity Bank Plc, a distinguished Nigerian financial institution, played a crucial role in this venture by providing partial sponsorship for the project. This underscores the collaborative efforts between the private sector and the financial industry to foster advancements in vital sectors like energy.

The event was attended by several dignitaries, highlighting the significance of this achievement. Notable personalities present included Mallam Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd. (NNPC); Dr. Nneka Onyeali-Ikpe, the Managing Director/Chief Executive Officer of Fidelity Bank Plc; Hon. Ekperikpe Luke Ekpo, the Minister of State for Petroleum Resources (Gas); Ambassador Ferdinand Nwonye, Charge d'Affaires Ad Interim, Nigerian Embassy in South Korea; and Engr. Felix Omatsola Ogbe, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB).

Mallam Mele Kyari commended the company for its remarkable achievement, acknowledging the global shift towards cleaner energy sources. He stated, "Today, clean energy is everything because the whole world is transitioning to cleaner fuel. In our country, biomass is the major source of energy, and I know that the efforts we are making collectively and with this effort by Temile Group will enhance our ability to produce cleaner energy."

Dr. Nneka Onyeali-Ikpe echoed these sentiments, emphasizing the importance of the commissioned vessel in supporting Nigeria's commitment to cleaner energy sources. She noted, "This commissioning is a landmark achievement for Nigeria as the vessel would further support the nation’s drive to utilize cleaner energy sources, especially as the world transitions to environmentally friendly energy options."

Fidelity Bank Plc's continued support for such projects was highlighted during the event. This marks the second instance of the bank providing partial financing for a venture of this nature, showcasing its commitment to fostering growth in the energy sector.

Mr. Alfred Temile, the CEO of Temile Development Company, expressed his elation and sincere gratitude for the substantial support and cooperation received from NNPC Ltd. and other stakeholders throughout the project. This accomplishment not only reflects the success of a private entity but also signifies collaborative efforts towards sustainable and cleaner energy solutions in Nigeria.

In conclusion, RALD NEWS MEDIA's detailed coverage brings to light the significance of Temile Development Company's achievement, emphasizing the collaborative efforts and financial support from entities like Fidelity Bank Plc. This commissioning not only marks a milestone for the company but also contributes to Nigeria's broader goals in advancing its domestic gas industry and promoting cleaner energy alternatives.

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IMO APC SET TO EMBARK ON GOV. HOPE UZODIMMA'S SECOND TERM INAUGURATION

IMMERSIVE COVERAGE: IMO APC SET TO EMBARK ON GOV. HOPE UZODIMMA'S SECOND TERM INAUGURATION

Imo State, January 14, 2024

In a groundbreaking announcement, the All Progressives Congress (APC) in Imo State, under the leadership of Hon. MacDonald Ebere, PhD, enthusiastically extends a warm welcome to dignitaries, party enthusiasts, and well-wishers ahead of the highly anticipated second-term swearing-in ceremony of His Excellency, Distinguished Senator Hope Uzodimma, scheduled for Monday, January 15, 2024. This event not only signifies the continuity of democratic ideals but also stands as a testament to the people's recognition of Senator Hope Uzodimma's steadfast commitment to Imo State's progress and prosperity.

The forthcoming ceremony is set to host distinguished figures, including President Bola Ahmad Tinubu, GCFR, APC National Chairman Dr. Abdullahi Umar Ganduje, OFR, and the entire National Working Committee. Other notable attendees will include Senate President Senator Godswil Akpabio, National Assembly members, state governors, industry leaders, traditional rulers, and clergy, emphasizing the significance of Governor Hope Uzodimma's leadership on the national stage.

As we approach this momentous occasion, we reflect on the transformative governance, infrastructure development, and social welfare initiatives that characterized Governor Hope Uzodimma's first term. The APC, Imo State, extends gratitude to the people for their unwavering support, emphasizing the importance of unity and shared commitment in achieving sustained progress and development.

This event symbolizes a significant opportunity for the APC to reiterate its dedication to transparency, accountability, and service to the people. The party encourages active citizen participation in the democratic process, fostering a sense of collective responsibility for the growth and prosperity of Imo State.

In conclusion, the APC, Imo State, renews best wishes to His Excellency Distinguished Senator Hope Uzodimma and his Deputy, Lady Chinyere Ekomaru, on the commencement of their second term. As the state embarks on this renewed chapter, prayers are extended for even greater achievements, unity among the people, and a shared vision for a prosperous Imo State.

APC.....A Governor Chosen by Providence!

Signed

CAJETAN DUKE, JP

State Publicity Secretary

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Unity Bank Customer Wins N1m in CashToken Rewards Promo

From Left: Eghomwanre Iyamu, Head, e-Business; Aisha Lawan Gana, Regional Manager, Kano North; Mahmoud Ibrahim, Regional Manager, Kano South; Prize Winner, Musa Dayyabu; Patricia Irhegbe, e-Business Sales, North West; and Aminu Moyi, Zonal Head, North West 1 during the official cheque presentation to the winner in Kano recently. 

A Unity Bank customer, Mr. Musa Dayyabu, has emerged winner of One Million Naira in the ongoing cash reward Promo by Unity Bank Plc and CashToken Rewards Africa. CashToken Rewards Africa is a Cash-Reward-as-a-Service company that rewards customers for patronage and loyalty.

From Left: Eghomwanre Iyamu, Head, e-Business; Aisha Lawan Gana, Prize Winner, Musa Dayyabu; and Aminu Moyi, Zonal Head, North West 1 during the official cheque presentation to the winner in Kano recently. 

Mr. Dayyabu, a customer of the Bank from Bello Road Branch, Kano, won the cash prize after he activated his Unity Bank Verve card and having carried out transactions, received CashTokens and qualified for the weekly national consumer draw. It was in this draw, he emerged as the lucky winner of One Million Naira cash.  

The Unity Bank and CashToken Rewards promo launched in November 2023, is a cash reward program that offers guaranteed instant cash and a life-changing opportunity designed to reward loyal customers of the Bank who onboard and transact on any of the Bank’s electronic payment platforms, including the Unifi mobile banking application, the *7799# USSD platform. 

The program, which will run until the end of February is open to all customers. Each card transaction earns customers CashTokens, which qualifies the customer to enter into the weekly national consumer draw where they stand a chance to win from N5K -N100M Naira.

The winner, Mr. Musa Dayyabu poses with his cheque after presentation. 

Presenting the cheque to the winner in Kano on Tuesday, Unity Bank’s Head of E-Business, Eghomware Iyamu congratulated the winner and reiterated the Bank’s commitment to create a sustainable loyalty platform for customer engagement and satisfaction.

Iyamu said, “We celebrate our customers for their loyalty to the Unity Bank and for being part of the ongoing Unity Bank and CashToken Rewards promo. The cash prize being presented today is just the beginning, we, therefore, look forward to having more winners from this programme. Let more and more people get on the Unity Bank's digital banking, transact on the different platforms and they will equally be rewarded.”

He added, “The collaboration between Unity Bank and CashToken Rewards Africa will continue to create an unmatched customer experience. By tapping into CashToken Reward's exceptional reward platform, Unity Bank customers can continue to anticipate generous cash rewards, transforming every interaction with the bank into a truly rewarding experience.”

Also commenting on the development, the Chief Business Development officer for CashToken Rewards Africa Africa, Simi Adeoye commended the customers of Unity Bank for the impressive number of onboarding and transactions in the build-up to the weekly draw held in the campaign period, adding that "with opportunities to win life-changing cash of up to N100M, the assurances of the transparent process will constantly be upheld to spread the benefits of the reward scheme to deserving customers".

"The prospects of having more winners in the ongoing exercise is keeping the steam in the collaboration between the Bank and CashToken Rewards Africa," Simi quips.

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