Banking
Unity Bank Unveils UnityBiz Account
By Dipo Olowookere
The Micro, Small and Medium Enterprises (MSMEs) has remained one sector of the economy that has not fully received supports in Nigeria and Unity Bank, a financial institution in the country that cares about this ‘small but mighty’ segment of the market, has launched a product to tailored for the division.
This, it did with the introduction of the Unity Biz Account, which aims to support SMEs in the country.
The value proposition embedded in the UnityBiz current account lies in the fact that structured businesses in the SME space are able to access both the asset and liability side of the product at concessionary rates, which benchmark the best pricing offered in the industry.
The SME space is a key market focus for the Bank as it provides the platform that will enable it tap into the business opportunities in the segment which has been identified as being the fulcrum of economic growth in the country.
The SME target market includes Retailers, Social Services, Schools, Contractors, Professional Service firms, Wholesalers, Manufacturers, Hospitality, NGOs, Clubs and Associations, Suppliers and the Agri-business value chain.
The purpose is to offer the SME product that offers unbeatable value.
The UnityBIZ current account is also bundled with the Business Debit Card; a Verve- card which allows a maximum of five cards per SME such that each card can be programmed with separate transaction dynamics.
Unity Bank also offers SMEs financial advisory services as well as a free quarterly counseling and networking sessions to guide businesses that subscribe to the Unity Biz scheme.
Financial products analysts are of the opinion that Micro, Small and Medium-sized Enterprises, manufacturing, retail as well as wholesale segments of the market stand to benefit from the Unity-Biz product.
Unity Bank, a major promoter of agro-businesses, expects that agro-allied and packaging companies keying into the on-going diversification efforts of both federal and state governments will find the Unity-Biz account useful as a supporting tool for their operations.
Banking
Zenith Bank Begins Zenith Beta Life Season 3 Promo to Reward Customers

By Modupe Gbadeyanka
Another opportunity has opened for new and existing customers of Zenith Bank Plc to win prizes for maintaining a minimum deposit of N5,000 from June 1, 2023, to May 31, 2024, in the Zenith Beta Life Season 3 Promo.
The campaign is an avenue for the tier-1 lender to reward its customers with gifts during the promotional period, with 20 customers to be chosen through a bimonthly raffle draw for gifts worth N150,000 and five lucky customers for a cash prize of N500,000 in the quarterly draws.
Zenith Bank said apart from having the N5,000 deposit; customers can also win by obtaining a virtual or physical Zenith Bank card, downloading the Zenith Bank mobile app, or signing up for *966# EazyBanking.
“The Zenith Bank Beta Life Promo, now in its third season since it began in 2020, is our way of giving back to our customers and expressing our gratitude for their steadfast loyalty and support for the Zenith brand.
“It’s also a testament to our reputation as one of the most customer-centric financial institutions in the country, as this promo has allowed us to reward our customers throughout the federation with gifts over the past two seasons,” the chief executive of Zenith Bank, Mr Ebenezer Onyeagwu, said.
During the Zenith Bank Beta Life Season 2 Promo, the bank shared N82 million with customers, with 480 customers given N150,000 in the bimonthly draws and N500,000 shared among 20 customers in the quarterly draws.
Zenith Bank continues to set itself apart within the Nigerian financial services sector through outstanding service offerings, unique customer experiences, and robust financial indicators.
The lender remains a dominant player in the digital realm, consistently pioneering the deployment of innovative products, solutions, and a variety of alternative channels that ensure transactions are convenient, quick, and secure.
Among a plethora of awards, Zenith Bank was named Best Commercial Bank, Nigeria and Best Innovation in Retail Banking, Nigeria in the International Banker 2022 Banking Awards, Retail Bank of the Year, for three consecutive years from 2020 to 2022, at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards and Bank of the Decade (People’s Choice) at the ThisDay Awards 2020.
Banking
Union Bank’s αlpher, Chrystallis Promote Women Empowerment

By Modupe Gbadeyanka
A platform focused on empowering women and promoting gender equality tagged Chrystallis Conversations has been put in place by Chrystallis in partnership with a women-focused proposition of Union Bank of Nigeria Plc, αlpher.
This is part of the financial institution’s commitment to sustainable development and enabling success for women.
At an event themed Fear-Less! Pursuing Your Best Life with Courage and Conviction last Thursday in Lagos, both organisations invited experts, social activists and others to speak to women.
The programme commenced with a heartfelt musical performance by Funmi Bucknor, followed by a captivating poetry reading session by prolific writer and poet Wana Udobang (Wana Wana) and ended with engaging one-on-one conversations with filmmaker and women’s rights advocate, Ego Boyo; and an entertainer, Olubankole Wellington, otherwise known as Banky W, with creator of Chrystallis, Ms Kemi Ogunleye, moderating.
“Union Bank’s αlpher is dedicated to supporting women in their personal and professional journey. Through this partnership, we aim to amplify women’s voices, celebrate their achievements, and foster an environment of empowerment and equality.
“We firmly believe that by providing resources and opportunities, we can enable women to thrive and empower them to break barriers and shatter stereotypes,” the Chief Brand and Marketing Officer of Union Bank, Ms Olufunmi Aluko, said.
Chrystallis Conversations is a platform for women to share their stories, experiences, and perspectives.
It has gained recognition for facilitating insightful discussions and thought-provoking conversations around women’s empowerment.
The partnership with αlpher underscores Union Bank’s commitment to championing women’s empowerment by supporting them in their journey towards success and fostering a more inclusive society.
Banking
Polaris Bank, Union Bank Restate Commitment to Environmental Sustainability

By Adedapo Adesanya
In commemoration of the 2023 World Environment Day, observed yearly on June 5, Polaris Bank, one of Nigeria’s leading digital financial institutions, has restated its commitment to environmental sustainability in the country.
The annual event is led by the United Nations Environment Programme (UNEP), which is observed globally to encourage awareness and action for the protection of the environment. This year marks the 50th anniversary of the event.
The theme of the 2023 World Environment Day was Solutions to plastic pollution, with the hashtag #BeatPlasticPollution.
Plastic pollution is a major environmental problem. Every year, millions of tons of plastic waste end up in our oceans, landfills, and waterways. This plastic can harm wildlife, pollute our air and water, and contribute to climate change.
Specifically, and in line with the theme of the 2023 World Environment Day, Polaris Bank said it is taking proactive measures to address challenges of waste management and plastic pollution while supporting the United Nations’ Sustainable Development Goals (SDGs), Nigerian Sustainable Banking Principles (NSBPs) and United Nations Environment Programme Finance Initiative (UNEP FI’s) Principles of Responsible Banking
Polaris Bank, as part of its environmental sustainability focus, said it has invested in waste management, plastic collection, renewable energy adoption, education, inclusivity, and carbon reduction. The Bank contributes to individuals’ needs and societal goals by implementing sustainable practices and guidelines while ensuring a responsible and environmentally conscious business strategy.
“In managing the environmental impact of its activities, Polaris Bank has made significant efforts to reduce carbon emissions and dependence on fossil fuels. Through using solar energy to power security lights, some ATMs and business locations, and implementing automated systems and digital alternatives to paper output, the bank actively mitigates waste generation and reduces its carbon footprint.
“Polaris Bank has streamlined its vehicle fleet to further minimise its carbon footprint, while most meetings and engagement are held virtually. By prioritizing sustainable energy sources and expanding its network of ATMs, including prestigious off-site locations, the bank ensures convenient and eco-friendly access to banking services.”
The lender took its commitment a step further by partnering with some organizations to help it provide clean water and sanitation in some communities. Its Corporate Social Responsibility (CSR) projects are clearly spelt out to reflect adherence to environmental sustainability.
“Additionally, through partnerships with organizations like the United Nations Association of Nigeria (UNAN), we contributed to providing clean water and enhanced sanitation to local communities in Lagos state.
“We also partnered with the non-profit organization Evolve to launch the Girl Child Education and the Environment CSR program. This initiative strives to keep the girl child in school and educated, thereby reducing early marriages and population explosion, which impacts the Climate.
“This empowers underprivileged girls through education, providing them with school supplies and personal development tools. By supporting over 3,000 female students from 12 secondary schools nationwide, Polaris Bank fosters individual growth and inspires positive contributions to society.
“Polaris Bank’s dedication to environmental sustainability is a key component of its broader vision to create a positive and lasting impact on society. As part of the commemoration of the 2023 World Environment Day, the Bank has established dedicated plastic collection hubs across its branches in Lagos. These hubs serve as convenient drop-off points for responsible disposal of plastic waste for onward recycling while empowering individuals and communities to actively participate in reducing plastic pollution.”
On its part, Union Bank of Nigeria partnered with the Nigerian Conservation Foundation (NCF) to celebrate the day.
To create awareness of environmental responsibility and encourage collective action, Union Bank employees, together with the Nigerian Conservation Foundation, volunteered to educate students at Aguda Junior Grammar School, Surulere, Greg Girls Junior High School, Surulere, and Okun Ajah Community Senior Secondary School, Okun Ajah.
The students were educated on the detrimental effects of plastic pollution on the environment, highlighting the importance of reducing plastic consumption, reusing plastic, and practical tips for sustainable recycling.
The bank also donated waste bins to each school to encourage recycling and make it easier for students to do their part in reducing plastic waste.
Speaking on the Bank’s activities to mark World Environment Day, Union Bank’s Chief Brand and Marketing, Ms Olufunmilola Aluko, said, “At Union Bank, we are resolute in our commitment to being a sustainability champion. This year’s focus on tackling the pervasive issue of plastic pollution resonates deeply with our commitment to environmental sustainability.
“We proudly partner with NCF to educate students on solutions to beat plastic pollution. By raising awareness and advocating for responsible plastic waste management, we can collectively and significantly preserve our planet for future generations.”
With its focus set on the future, Union Bank said it committed to leading the way in shaping a better, more sustainable future for generations to come.