Heritage Bank Assures Nigerians More Innovative e-payment Services

By Modupe Gbadeyanka A partnership for the deployment of a patronage reward product has been entered into between Unity Bank Plc and Cashtoken, a cash reward-as-a-service company that operates a loyalty programme designed to power customer engagement and improve customer satisfaction. This collaboration will see the bank’s customers winning millions of Naira in cash rewards and guaranteed instant cashback. A statement issued by Unity Bank said this scheme provides an opportunity to migrate old and new customers to a platform that will continually create exciting rewards and appreciation for loyalty. It said this initiative would not only reward existing customers

Sterling Bank Limited’s cutting-edge investment platform, Doubble, has been upgraded with new features aimed at improving investment returns for existing and new customers. With various flexible naira and dollar investment options, including money market offerings with returns higher than your bank’s returns on savings. The digital savings and investment platform provides a seamless avenue for individuals to build wealth. Users are provided with a guaranteed income stream and fixed growth over a set period, as well as a hedge against market volatility, the ability to secure loans against account balances, and the convenience of transferring the annuity to a spouse

By Modupe Gbadeyanka Stanbic IBTC Bank Limited has been recognised as the Most Outstanding Bank Supporting Women-Owned Businesses at the Women in Marketing and Communications Award (WIMCA) held in Lagos. The organisers of the event said the subsidiary of Stanbic IBTC Holdings has been very supportive of businesses owned by females in the society. The lender has created a healthy environment that breaks down barriers for talented, qualified women to achieve their career aspirations, own their businesses, and make demonstrable differences in their various industries. The Head of Enterprise Banking at Stanbic IBTC Bank, Ms Olajumoke Bello, while receiving the

By Modupe Gbadeyanka The Head of Partnerships at Stanbic IBTC Bank Limited, Ms Omolara Osunsoko, has posited that any economy that intends to flourish must do everything possible to support business owners, especially those in the Small and Medium Enterprises (SMEs) sector. The banker said this at a webinar organised to inform participants of a seamless payment experience for business owners through the enhanced Enterprise Online (EOL) payment platform. At the event themed Simplifying Payments for Businesses, the company unveiled EOL 2.0, an upgraded solution created to facilitate a smooth payment experience and improve human resources (HR) services for business

By Modupe Gbadeyanka Invictus MD Strategies Corporation has announced closing the previously disclosed $25.5 million debt financing arrangement with ATB Financial. A statement issued by Invictus said the financing will be used to accelerate the construction of its Phase 3 and Phase 4 cannabis cultivation facilities at Acreage Pharms Ltd, which is located in West-Central Alberta. The firm noted that this expansion will add a total of 180,000 square feet of production capacity to Acreage Pharms. The 90,000 square foot Phase 3 expansion is well underway with over $6 million in progress payments already made for permitting, lot preparation, foundation

By Funmi Dele-Giwa If you’re reading this, there’s a very good chance you’re already familiar with the acronym ESG. Standing for “environmental”, “social”, and “governance”, it’s a constantly evolving standard that emphasises the importance of doing business in a way that positively impacts the environment, society and stakeholders. In essence, it’s the idea that companies can grow and profit while doing good and it encourages businesses to be more transparent about how they add to or create value for their society, community and/or stakeholders. While ESG has its critics (on both sides of the aisle), its philosophy has gained near-universal

By Adedapo Adesanya The National Information Technology Development Agency (NITDA) has said that it was working hard to ensure Nigerians are not left without jobs as the country works towards digital automation in the country. This disclosure was made by the agency’s Director-General, Mr Kashifu Inuwa Abdullahi, at an international conference on Information Technology in Education and Development (ITED 2020) organised by Academia in Information Technology Profession, Ahmadu Bello University Zaria. He said it was necessary to look into the concerns and advantages of Fourth Industrial Revolution (FIR) particularly as it relates to the fear of people losing their jobs

By Modupe Gbadeyanka A report has showed that despite predictions of a huge rise in unemployment due to the negative impact of the coronavirus pandemic (COVID-19) on businesses in the country, employment in Nigeria decreased marginally in May 2020. In a report by Stanbic IBTC Holdings titled the Nigeria Purchasing Managers’ Index (PMI), it was discovered that about 98 percent of companies operating in the country kept their workforce numbers in the month despite the global health crisis, which caused a massive job loss in the United States and the United Kingdom. The report revealed that new orders, output, employment

By Modupe Gbadeyanka Over 500 volunteers underwent a training programme over the weekend at the Adeyemi Bero Hall, Alausa Secretariat, Ikeja, Lagos. The exercise was part of activities lined up for the 3rd Babajide Olusola Sanwo-Olu & Kadiri Obafemi Hamzat Healthcare Mission International (BOSKOH). BOSKOH is a free medical and wellness outreach that includes surgeries for all Lagosians in need of it and this year’s edition is themed Jigi Bola Relaunch. Speaking at the training, the wife of the Lagos State Governor, Mrs Ibijoke Sanwo-Olu, thanked the BOSKOH team and its leadership for being at the forefront of providing healthcare

By Dipo Olowookere Chinese President, Mr Xi Jinping said on July 26 that China is ready to deepen friendly and mutually beneficial cooperation in various fields with Uganda in an all-round way. Xi made the remarks when meeting with his Ugandan counterpart, Mr Yoweri Museveni, on the sidelines of the 10th BRICS summit held in Johannesburg on July 25-27. The Chinese leader applauded Mr Museveni for his long-term dedication to the promotion of the development of China-Uganda relations as well as China-Africa relations. Xi stressed that China and Uganda have seen sustained and rapid development of bilateral relations in recent

By Modupe Gbadeyanka Pupils from Hilltop Grade International School, Lekki, Lagos were recently trained in financial literacy by Heritage Bank as part of activities to mark the bank’s Children Banking Month tagged ‘My Day as a Banker.’ The lecture took place at the corporate headquarters of the bank in Lagos. It was also organised in a bid to expose the citizenry to financial literacy at a very early age in life and participants were from the age bracket of five and seven years. The kids were put through the different services in the banking sector, from the Reception to the