By Modupe Gbadeyanka

The savings promo of Stanbic IBTC Bank Limited has produced about 148 winners who have shared N23 million in winnings.

A statement from the lender disclosed that the N23 billion was won by the customers in the May and June 2025 draws for the Reward4Saving Season 4 promo.

In the combined May and June monthly draws held at the head office of the organisation in Lagos, 140 customers each received N100,000, totalling N14 million in cash prizes.

Under the supervision of regulatory authorities including the Federal Competition and Consumer Protection Commission (FCCPC), the Advertising Regulatory Council of Nigeria (ARCON); and the Lagos State Lotteries and Gaming Authority (LSLGA), the draws were conducted transparently, rewarding savers who maintained a minimum balance of N10,000 in their Stanbic IBTC Savings Account or @ease Wallet for 30 consecutive days.

From market traders to students and retirees, these winners are now better equipped to pay school fees, grow small businesses, or meet family needs.

The excitement peaked with the emergence of eight additional winners from the first quarterly draw which took place on the same day.

It was disclosed that seven winners, one from each business zone, each claimed N1 million; while one grand quarterly winner took home N2 million, totalling N9 million. These draws show how Stanbic IBTC values every saver’s effort.

The recent draws build on the Reward4Saving promo’s strong start in May 2025, with N30 million already shared among 218 winners in this fourth season; and over N300 million awarded to more than 2,000 savers since the Reward4Saving promo began in 2021. Stanbic IBTC is making a lasting impact in the lives of Nigerians.

This campaign continues to transform everyday savings into substantial rewards and also inspires a growing saving culture among individuals.

“The combined draws of two monthly events, as well as the first quarterly draw of the Reward4Saving Season 4 promo celebrate our customers’ dedication.

“We are rewarding 148 savers with a total of N23 million to support their aspirations ranging from education to entrepreneurship.

“At Stanbic IBTC, we are committed to appreciating our loyal customers by providing meaningful opportunities that enhance their financial well-being and promote a culture of saving across Nigeria,” the Country Head of Personal Banking at Stanbic IBTC Bank, Mr Emmanuel Aihevba, said.

One of the winners, Mr Kesena Igben, a retiree who won a monthly prize, beamed, “My daughter came with me to receive my prize.

“On our way to Stanbic IBTC office, she said, Daddy, you are so excited. I said to her, Did you know that this has saved me money on petrol expenses for two weeks? So, for me to have money that Stanbic IBTC gave me, which took away the pain of spending on petrol for two weeks, is great to me.”

By Modupe Gbadeyanka

To align technological advancement with its long-term environmental stewardship, Hydrogen Payment Services has come up with a bold e-waste initiative focused not just on responsible disposal, but on environmental renewal—turning discarded devices into trees.

This sustainability strategy is built on transparency and measurable action, allowing each stage of the e-waste process to be tracked, audited, and reported to ensure accountability—and to contribute to the company’s long-term ESG goals and carbon credit targets.

With this new policy, Hydrogen has created a dedicated e-waste drop-off system at its offices to ensure safe and traceable disposal of obsolete devices.

In addition, it will have regular environmental education for all staff, reinforcing its internal culture of responsibility, and begin the planting of trees tied directly to the volume of waste processed, allowing the organisation to convert harmful materials into meaningful environmental impact.

With Nigeria generating over 500 tons of electronic waste annually—making it the largest e-waste producer in West Africa—Hydrogen is stepping up to address a critical but often ignored threat in the digital finance ecosystem.

From outdated POS terminals to unused card readers, electronic waste poses environmental and health risks that demand urgent attention.

While partnering with certified recyclers, the spotlight remains on Hydrogen’s leadership in creating a circular model for tech infrastructure: one that reduces harm, restores nature, and inspires industry-wide change.

The Managing Director of Hydrogen Payment Services, Ms Kemi Okusanya, said, “We understand that progress must be responsible.

“We are not just collecting waste—we are actively restoring the environment by planting trees for every kilogram of e-waste processed. This is sustainability in action.”

She assured that “this is not a one-off; it’s part of how we build, operate, and lead—with the planet in mind. Our journey to influence is as much about innovation as it is about impact.”

By Adedapo Adesanya

The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has called for continued synergy with the Nigeria Deposit Insurance Corporation (NDIC) towards safeguarding Nigeria’s financial system, amidst evolving economic challenges.

He made the call while congratulating the new NDIC board on their appointments and expressed optimism about deepening collaboration between the two institutions.

Speaking on Wednesday at the CBN Headquarters in Abuja during a courtesy call by the newly appointed management of the NDIC, led by the Managing Director, Mr Thompson Sunday, Mr Cardoso said, “Our meeting today is a clear testament to our willingness to work together. The CBN counts on NDIC’s support in navigating the uncertain times that we are in.”

He reiterated that the visit underscored the shared commitment of both institutions to strengthen collaboration towards safeguarding Nigeria’s financial system, amidst evolving economic challenges.

Mr Cardoso averred that his two years in office had revealed critical lessons in the financial industry, requiring that the CBN and the NDIC proactively deal with potential shocks by leveraging modern tools for financial stability.

He described the NDIC’s visit as timely, urging both institutions to work closely in mitigating risks and ensuring depositor confidence.

On his part, the NDIC Managing Director commended the apex bank for its reform programmes under the leadership of Mr Cardoso, particularly the stabilization of the forex market as well as the ongoing recapitalization of Deposit Money Banks.

He stated that the NDIC was committed to aligning its operations with the NDIC Act 2023 (as amended), explaining that the Corporation was in the process of embarking on a strategic restructuring to better align operations with its risk minimization mandate as well as developing a new corporate strategy as the one in use was due to expire at the end of the current year.

Mr Sunday reiterated the NDIC’s willingness to collaborate with the CBN towards enhancing financial system stability, expressing appreciation for the CBN’s support in premium collection from insured institutions.

On her part, the CBN Director of Financial Policy and Regulation Department, Mrs Rita Sike, noted that the joint crisis preparedness framework could be dealt with under the auspices of the Financial Services Regulation Coordinating Committee (FSRCC).

She explained that the CBN was in the process of enhancing the Credit Risk Management System (CRMS) to integrate the Global Standing Instruction (GSI), which will allow for the on-boarding of Other Financial Institutions (OFIs).