Union Bank Encourages Customers to Save to Win in Promo

Image

By Modupe Gbadeyanka

The Head of Retail Deposits at Union Bank, Mr John Obichie, has urged customers of the bank to make deposits in order to win cash and other prizes in the ongoing season 2 of the Save & Win Palli promo.

Speaking at the first live draw of this season, which took place at Union Bank’s Head office in Lagos, the banker said the campaign was designed to encourage customers to save for rainy days and reward them for their loyalty.

“Union Bank is pleased to reward our customers through initiatives like this that encourage them to save. This promo was introduced to support our customers during these trying times and to reward them for being consistent with their saving habits,” he said.

At the event, which produced the first set of winners in the second edition of the promo, no fewer than 50 customers won cash prizes of N105,000 each. The winners were selected randomly through a transparent, and electronically generated draw supervised by relevant regulatory bodies.

Save & Win Palli Promo is a nationwide campaign aimed at rewarding customers with cash prices and other exciting gifts worth over N55 million. The goal is to encourage and promote a healthy savings culture. The promo is open to new and existing customers who save a minimum amount of N10,000 monthly.

Savers who qualify to participate in the monthly draws stand a chance to win N105,000 each, while 5 winners will go home with N500,000 each in two of the quarterly draws. One lucky customer will snag the star price of N5 million during the grand finale set to hold in December alongside other consolation prices.

The savings promo, which kicked off in July, will run until the end of the year and will see more winners emerge during the monthly, quarterly and end-of-year draws so there’s still a chance to participate and win!

An existing Union Bank customer can continue to top up their savings in multiples of N10,000 monthly to increase their chances of winning, while prospective customers can download the UnionMobile app on their mobile phones to open an account or they can simply walk into any Union Bank branch.

To reactivate existing accounts, returning customers can call the 24-hour Contact Centre on 07007007000 or also visit any of Union Bank’s branches across the country.

Share
Related Stories
Image
05-March-2024

Ghana’s Central Bank Suspends FX Trading Licence of First Bank

By Aduragbemi Omiyale The foreign exchange (FX) trading licence of FBN Bank Ghana Limited, a subsidiary of FBN Holdings Plc, the parent company of First Bank of Nigeria Limited, has been suspended by the Bank of Ghana. A statement issued on Monday by Ghana’s central bank disclosed that its action was because of the bank’s fraudulent documentation in its forex operations. The country’s banking sector regulator also suspended the FX trading licence of GTBank Ghana Limited, a subsidiary of Nigeria’s GTCO Plc, the parent company of GTBank Limited for the same offence. The notice from the central bank disclosed that

Image
11-March-2024

Union Bank Reaffirms Commitment to Gender Inclusivity

By Modupe Gbadeyanka Union Bank of Nigeria has reaffirmed its commitment to gender inclusivity and the promotion of female excellence and competence across different fields of endeavour. At an event to commemorate 2024 International Women’s Day, the financial institution re-emphasised its advocacy for an equitable and inclusive society devoid of biases, stereotypes, and discrimination. At the programme tagged Ability Over Gender, the bank’s new chief executive, Ms Yetunde Oni, reiterated the company’s commitment to continually champion the cause of women’s advancement and other underrepresented communities while pushing for their inclusion and recognition in otherwise closed-off spaces. Also, at a special

Image
18-March-2024

Unity Bank, SkillPaddy to Train Female Software Engineers

By Modupe Gbadeyanka At least 1,000 female software engineers will undergo a training programme organised by SkillPaddy through its Count Her In tech programme with support from Unity Bank Plc. The IT skill development and empowerment initiative is intended to bridge talent supply gaps while providing individuals with the opportunity to meet their training goals and launch careers in the tech industry. It was disclosed that about 40 young girls will receive full sponsorship from Unity Bank in the special training initiative which was conceived as part of activities to commemorate this year’s International Women’s Day 2024. All beneficiaries of

Image
21-February-2024

FG to Restructure, Recapitalise Bank of Agriculture for Better Value

By Adedapo Adesanya The federal government has revealed plans to recapitalise and restructure the Bank of Agriculture (BOA) to bolster Nigeria’s agricultural sector and achieve national food security. This was one of the core revelations made by the Vice President, Mr Kashim Shettima, during the first meeting of the National Council on Privatisation (NCP) for the year 2024 at the Presidential Villa, Abuja on Tuesday. He said there is a central role that BOA could play in achieving national food security, citing its extensive branch network across all senatorial districts in the country. Mr Shettima, however, expressed concern about the

More Stories
Image
30-January-2018

Asian Equities Slump as Oil Extends Fall

By investors Hub Asian stocks fell across the board on Tuesday as oil extended declines and U.S. bond yields rose to their highest levels in nearly four years on concerns over higher inflation and a rise in interest rates. China’s Shanghai Composite index dropped 34.81 points or 1 percent to close at 3,488.19, while Hong Kong’s Hang Seng index tumbled 359.60 points or 1.1 percent to 32,607.29. Japanese shares closed lower, with a softer lead from Wall Street, a stronger yen and mixed data releases weighing on the markets. The Nikkei 225 index fell 337.37 points or 1.4 percent to

Image
24-July-2019

First Bank Pays Holders of $450m Bonds Due 2021

By Modupe Gbadeyanka Financial powerhouse, FBN Holdings Plc, has announced the redemption of the bonds one of its subsidiaries, First Bank of Nigeria Limited, issued to investors five years ago. In a disclosure to the Nigerian Stock Exchange (NSE) today, it was stated holders of the debt instruments were paid the amount they bought in 2014. In 2014, the financial institution issued notes worth $450 million to investors at a coupon rate of 8 percent, with maturity at 2021. “First Bank of Nigeria Limited, the largest subsidiary of FBN Holdings Plc today, Tuesday, July 23, 2019, called the $450 million

Image
27-June-2021

EEDC Operations and the Invitation by Abia House of Assembly

By Okechukwu Keshi Ukegbu Recently, the Abia House of Assembly invited the management of Enugu Electricity Distribution Company (EEDC) to explain its poor power supply to the consumers and other operations. The invitation came on the heels of a matter of urgent importance by the Speaker of the House, Mr Chinedum Orji, and was provoked by the company’s shoddy operations in the region which includes poor power supply and estimated billing system which is a ploy designed by the company to exploit its consumers. On the increasing list of the company’s misdemeanours is that it does not repair or replace

Image
11-March-2019

Asian Shares Close Mixed Monday

By Investors Hub Asian stocks turned in a mixed performance on Monday as global growth worries offset hopes for policy support from China. U.S. job growth almost halted in February and new bank loans in China fell sharply last month, adding to concerns over cooling global growth. Investors also awaited a crucial vote on U.K. Prime Minister Theresa May’s revised Brexit deal on Tuesday for directional cues. Chinese stocks rebounded from heavy losses in the previous session after central bank governor Yi Gang said Beijing would not use the yuan exchange rate as a tool to boost exports or ease

Image
13-January-2023

INEC Extends Deadline for Collection of PVCs

By Modupe Gbadeyanka The Independent National Electoral Commission (INEC) on Thursday extended the deadline for the collection of Permanent Voters Cards (PVCs) by one week. The collection of PVCs was earlier scheduled to end on Sunday, January 22, 2023, but a statement issued yesterday by the National Commissioner and Chairman of the Information and Voter Education Committee of INEC, Mr Festus Okoye, said the new deadline is Sunday, January 29, 2023. In the statement, the spokesman of the commission disclosed that the decision to shift the deadline by one week was taken at a meeting on Thursday. He stated that

Image
30-October-2020

Stakeholders Seek Lagos, Kano Synergy for Leather Industry

By Adedapo Adesanya Stakeholders in the leather industry have advocated a strategic partnership between Lagos and Kano States to harness the potentials of the sector and improve its contribution to the nation’s Gross Domestic Product (GDP). This call was made by stakeholders at a virtual summit themed Towards a Sustainable Leather Processing Industry in Nigeria: Kano Tannery, the Powerhouse on Thursday, October 29. The summit was organised by the office of the Senior Special Assistant to the Kano State Governor on Lagos Affairs, Mr Anthony Oneya, in partnership with the Lagos Chamber of Commerce and Industry (LCCI) and supported by

Image
10-July-2020

NSE Market Indices Report Marginal Loss

By Dipo Olowookere Trading activities at the local stock market ended bearish on Thursday following the 0.01 percent loss recorded at the session. Equities in the consumer goods and the oil/gas sectors contributed to the decline yesterday as their respective indices depreciated by 0.64 percent and 0.44 percent. Their outcome overpowered the gains printed by the insurance sector, banking index and industrial goods counter, which appreciated by 0.64 percent, 0.60 percent and 0.02 percent respectively. Business Post reports that the profit-taking witnessed yesterday caused the All-Share Index (ASI) to reduce by 1.51 points to 24,276.56 points from 24,278.07 points. It

Image
18-January-2020

Quickteller Makes JAMB Registration Easier, Sells ePINs

By Adedapo Adesanya Top consumer platform, Quickteller, has opened its platform for the sales of Joint Admission and Matriculation Board (JAMB) electronic personal identification numbers (e-Pins), which allows for easy purchase of the examination forms. This means candidates intending to sit for the 2020 Unified Tertiary Matriculation Examination (UTME) and Direct Entry (DE) examinations can now obtain the required JAMB e-PIN from the comfort of their homes via the Quickteller payment platform. According to Mr Olawale Akanbi, Group Head, Quickteller Marketing, “Quickteller is committed to ensuring that payment is one less thing to worry about for our customers. One of

Ad
Ad
Recent Stories
Image
19-March-2024

Oil Stocks Trigger 1.77% Gain at NASD OTC Exchange

By Adedapo Adesanya Oil stocks, Aradel Holdings and Acorn Petroleum, led the NASD Over-the-Counter (OTC) Securities Exchange to a 1.77 per cent appreciation on Monday, March 18. They increased the value of the alternative bourse by N24.85 billion during the trading session to N1.428 trillion from the N1.403 trillion it closed in the preceding, and the NASD Unlisted Security Index (NSI) rose by 18.33 points to wrap the session at 1,053.98 points compared with 1,035.65 points recorded at the previous session. Aradel Holdings Plc, after recent profit taking, appreciated by N114.28 yesterday to settle at N1,734.28 per unit compared with last

Image
19-March-2024

Naira Trades N1,597/$1 at Official Market, N1,600/$1 at Black Market

By Adedapo Adesanya The Naira appreciated against the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) segment of the currency market on Monday by 0.3 per cent or N5.41 to close at N1,597.34/$1 compared with last Friday’s value of N1,602.75/$1. It also improved its value against the Pound Sterling in the official market yesterday by N50.97 to wrap the session at N2,003/£1 compared with the preceding session’s N2,054.06/£1 and gained N41.89 against the Euro to close at N1,712.69/€1 versus N1,754.58/€1. It was observed that the supply of forex, according to data from the FMDQ Securities Exchange, slightly waned

Image
19-March-2024

Brent Jumps to $86 Per Barrel on Low Crude Exports, Stronger Demand

By Adedapo Adesanya  The price of the international crude benchmark, Brent Crude, rose by 88 cents or 1.0 per cent to $86.22 per barrel on Monday, triggered by lower crude exports from Iraq and Saudi Arabia and signs of stronger demand and economic growth in China and the US. Also, the US West Texas Intermediate (WTI) crude appreciated by $1.01 or 1.3 per cent to $82.05 per barrel, as Iraq, the second-largest producer in the Organisation of the Petroleum Exporting Countries (OPEC), said it would reduce crude exports to 3.3 million barrels a day in the coming months to compensate

Image
18-March-2024

Cardoso Begins CBN Clean-up, Removes Directors Close to Emefiele

By Aduragbemi Omiyale There are strong indications that some directors at the Central Bank of Nigeria (CBN) may have to lose their jobs in the in-house clean-up exercise by the Governor, Mr Yemi Cardoso. Reports suggest that Mr Cardoso wants to let go of some directors who worked closely with Mr Godwin Emefiele, who President Bola Tinubu believes worked to stop him from going to Aso Rock. Recall that during his electioneering campaign, Mr Tinubu accused the former CBN chief and some persons of introducing the botched Naira redesign policy to frustrate him. Immediately after he assumed office on May

Image
18-March-2024

Profit-Taking Depletes Nigerian Exchange by 0.40%

By Dipo Olowookere The Nigerian Exchange (NGX) Limited succumbed to profit-taking on Monday, shedding 0.40 per cent despite a bullish investor sentiment. The local bourse ended with 27 price gainers and 18 price losers today, implying a positive market breadth index. The selling pressure was just investors booking profit after gains in the past few trading sessions, especially in MTN Nigeria, GTCO, Zenith Bank and others. The heaviest price depreciation was recorded by McNichols, 9.30 per cent, closing at N1.17, and was trailed by DAAR Communications, which shed 8.97 per cent to 71 Kobo. UPDC declined by 7.89 per cent

Image
18-March-2024

NCC Announces 90% Restoration of Voice, Data Services After Cable Cuts

By Adedapo Adesanya The Nigerian Communication Commission (NCC) has announced that voice and data services affected by undersea cable cuts last week have been 90 per cent restored. In a series of tweets signed by Mr Reuben Muoka, the Director of Public Affairs at the commission on Monday, March 18, the NCC said, “Following the disruption on March 14, 2024, which affected data and voice services due to cuts in undersea fibre optics along the coasts of Cote d’Ivoire and Senegal, we are pleased to announce that services have now been restored to approximately 90% of their peak utilization capacities.”

Image
18-March-2024

Unity Bank, SkillPaddy to Train Female Software Engineers

By Modupe Gbadeyanka At least 1,000 female software engineers will undergo a training programme organised by SkillPaddy through its Count Her In tech programme with support from Unity Bank Plc. The IT skill development and empowerment initiative is intended to bridge talent supply gaps while providing individuals with the opportunity to meet their training goals and launch careers in the tech industry. It was disclosed that about 40 young girls will receive full sponsorship from Unity Bank in the special training initiative which was conceived as part of activities to commemorate this year’s International Women’s Day 2024. All beneficiaries of

Image
18-March-2024

Your Moods Soundtracked With Spotify’s New Daylist Feature

Throughout the day, your mood changes, and so does the music you listen to. Last night might have been an island vibes riddim Monday night, while this moment is more of a nostalgic 2010s Tuesday afternoon. The point is, that you’re ever-changing, and your playlists should be too. Say hello to daylist, your day in a playlist. This new, one-of-a-kind playlist on Spotify ebbs and flows with unique vibes, bringing together the niche music you typically listen to during particular moments in the day or on specific days of the week. It updates frequently between sunrise and sunset with a

Image
18-March-2024

Stanbic IBTC Adopts Mala Kachallah Model School, Three Others

By Modupe Gbadeyanka Mala Kachallah Model School in Maiduguri, Borno State; Methodist School Mbiafun Nkwono Ikono, Akwa Ibom State; Aramoko District School, Aramoko Ekiti State; and Magin Rafi Model Primary School Tudun Wada, Sokoto State have been adopted by Stanbic IBTC Holdings Plc. The leading financial services provider in Nigeria revamped these citadels of learning under its Adopt-a-School programme structured on the company’s Social, Environmental, and Economic (SEE) framework, which aligns with its mission to be a responsible corporate citizen. It was learned that Stanbic IBTC renovated and rebuilt classroom blocks, provided modern and conducive learning environments, furnished classrooms, established

Image
18-March-2024

Nigeria’s Data Regulator Investigates Alleged NIMC Breach

By Adedapo Adesanya The Nigeria Data Protection Commission (NDPC) is investigating allegations of unauthorised access to the personal data of enrollees in the database of the National Identity Management Commission (NIMC). This was disclosed by Mr Vincent Olatunji, the National Commissioner of the data regulation body in a statement signed by Head of Legal, Enforcement and Regulations, NPDC, Mr Babatunde Bamigboye on Monday. He said the investigation is a further regulatory measure to be taken by the commission in the wake of public concerns over reports of illegal access, to the personal data of enrollees by a shadowy entity called