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Fidelity Bank partners NIPOST, launches agency banking

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>> >> L - R: Head Digital Financial Services, Central Bank of Nigeria (CBN), Mr Stephen Ambore;Managing Director, Threeline Ltd, Mr. Femi Omogbenugu; Deputy Managing Director,Fidelity Bank Plc, Mohammed Balarabe; Postmaster General/CEO, NIPOST , Mr Bisi Adegbuyi; Head Northern Directorate, Fidelity Bank, Hassan Imam, and GM, Financial Service Business Unit, NIPOST, Muktar Baba during the launch of bank@post; a TSA/Agent Banking initiative between NIPOST and Fidelity Bank in Abuja on Thursday

To make financial inclusion a reality, Fidelity Bank is collaborating with the Nigeria Postal Services (NIPOST) to bring modern banking services directly to people in 266 rural areas.

Speaking at the launch of integrated banking services between the bank and NIPOST in Abuja on Thursday, Deputy Managing Director of the bank Mr. Mohammed Balarabe said the lender was collaborating with NIPOST as part of its financial inclusion strategy by deploying all its banking services in 266 locations using NIPOST offices in locations lacking banking facilities.

These initial 266 locations he said will be increased over time to capture other locations using NIPOST offices.

Under this collaboration, bank customers can use POS, deposit into any bank operating in Nigeria, withdraw from any bank account in Nigeria, engage in ATM transactions, transfer to any bank account, carry out payment services like taxes, rates and levies; school fees; electricity bills and satellite television subscriptions.

In his address, Post Master General of the Federation (PMG) and Chief Executive Officer of NIPOST Mr. Bisi Adegboye said NIPOST “the sleeping giant has come back to life to fulfil its Corporate Social Responsibility.”

He said: “The internet has taken away the old ways of making money from NIPOST but has also opened exponential opportunities by leveraging on new technology and ICT to tap into current trends of transactions like online purchases.”

NIPOST he assured will make itself relevant to change the lives of Nigerians.

One of such changes is that NIPOST now plans to give every Nigerian a digital address yo make easy for Nigerians to access credit and resolve issues surrounding identity management in the country.

Adegboye said “this partnership also avails Fidelity Bank the opportunity to expand its network using the over 1800 post office facilities nationwide to take banking closer to the people in line with the Federal government’s Financial Inclusion policy which places high premium on providing financial services to the under-banked and unbanked populace, who work in the informal sector of the economy without or less access to financial services.”

He added that “the integrated Agency Banking services incorporate the collections of a treasury single account (TSA) on a single platform. With this development, it means that NlPOST customers can also get banking services in the Post offices nationwide and can deposit and withdraw money, including payment of bills for utility services in Post offices where these services are available without stress.”

The collaboration he stated has “added impetus to NIPOST revenue drive as it would no doubt boost our revenue profile in addition to tradition postal services.”

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BUSINESS

NNPC posts N6.33bn profit in one month

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The Nigerian National Petroleum Corporation on Sunday announced a trading surplus of N6.33bn for the month of May, a figure which is 13 per cent higher than the N5.6bn surplus posted in the preceding month of April.

Details of the corporation’s performance contained in the May edition of its Monthly Financial and Operations Report attributed the marginal rise to the increase in gas and power output in contrast to the figure for the preceding month.

The report, which was made public by the Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, also attributed the result to the surplus recorded by the corporation’s downstream entities.

The report further indicated that within the period, the corporation recorded a total of $580.32m in export sale of crude oil and gas, which was 23.39 per cent higher than the previous month’s figure.

Out of this number, crude oil export sales contributed $458.59m, which translated to 79.02 per cent of the entire dollar transactions, compared with the $342.11m that was contributed in the previous month.

The report showed that between May 2018 and May 2019, crude oil and gas worth $5.97bn was exported.

In the downstream, to ensure uninterrupted supply and effective distribution of petrol across the country, a total of 2.06b billion litres of petrol translating to 66.49 million litres per day were supplied in the month of May 2019.

NNPC stated that beyond supply, it had continued to diligently monitor the daily stock of petrol to achieve smooth distribution of petroleum products and zero fuel queue across the country.

Within the period, a total of 60 pipeline points were vandalised, representing a remarkable 52 per cent decrease from the 125 points vandalised in April 2019.

The Atlas Cove-Mosimi and Ibadan-Ilorin pipelines accounted for 38 per cent and 23 per cent, respectively and other locations accounted for the remaining 39 per cent of the total breaks.

The report noted that the feat was due to efforts by NNPC in collaboration with the local communities and other stakeholders to continuously strive to reduce and eventually eliminate pipeline vandalism.

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Zenith Bank unveils ‘Style by Zenith 2.0’

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Following the success of the maiden edition, foremost multinational financial services provider, Zenith Bank Plc has announced the launch of “Style by Zenith 2.0”, the second edition of its flagship lifestyle fair dedicated to intentionally celebrating the ‘small’ things that make ‘big’ differences in our lives.

First launched in 2018, the “Style by Zenith 2.0” initiative was created with the objective of supporting and creating value for customers by focusing on various aspects of their lifestyle.
This year, “Style by Zenith 2.0” takes things up a notch with the theme, “Style the Life you Desire”, aimed at encouraging Nigerians to live their best lives and be extraordinary.

The platform seeks to inspire people to be authentic, while showing them that with ordinary talent and extraordinary effort they can thrive and make a real change in this world.

Speaking on the rationale behind “Style by Zenith 2.0”, the Executive Director of Zenith Bank Plc., Dr. Temitope Fasoranti said that, “Banking, for Zenith Bank means going that extra mile to be present in the lives of our customers.

Driven by a culture of excellence and providing cutting edge solutions, the bank is championing this cause to enable individuals and businesses to grow wealth.”

He added that “Beyond providing financial solutions, Zenith Bank Plc seeks to be a reliable partner to her customers, ensuring that they excel on every front. With “Style by Zenith 2.0”, the bank continues in her commitment to empowering individuals and entrepreneurs by celebrating real talents. We will be helping people do what they know how to do best and repositioning them for greater levels of success in their various endeavours.”

This year’s program includes an interesting line up of activities all culminating in the 3-day Lifestyle Fair taking place at the end of 2019. Kicking off the array of activities is the “Style by Zenith 2.0” Fitness Walks being held in conjunction with Mass Medical Missions, a non-profit organization, and Venus Medicare Ltd, a leading Health Management Organisation in the country.

The Fitness Walk will serve as a platform to promote Mission Pink Cruise – a project of Mass Medical Missions supported by Zenith Bank, aimed at taking holistic cancer prevention and health promotion to various communities across the country using Mobile Cancer Centres (MCC) nicknamed Pink Cruises, which is the first of its kind in Nigeria.

Scheduled to hold in August, these Fitness Walks and Cancer Screening exercises will hold in five cities across Nigeria – Lagos, Abuja, Port Harcourt, Kano and Onitsha. Interested individuals are invited to register their participation by visiting the Zenith Bank website at www.zenithbank.com/style.

Aside the fitness walks across the country, there is a whole lot of activities such as conferences, online engagements, and a special event for models that builds on the masterclass held last year, not forgetting the special play arcade and activities designed for children at the fair. The whole gamut of events and activities lined up also come with free medical check-ups like free eye, dental and cancer tests, amongst other special promotions both online and at the events leading to the final crescendo which is the 3-Day Lifestyle Fair.

With initiatives such as these and many more to come, “Style by Zenith 2.0” promises to offer an all-encompassing experience touching on key aspects of the lifestyle of Zenith customers and the public.

The “Style by Zenith 2.0” platform is also a testament to the priority given to SMEs and the retail segment of the market by the bank. Together with her various partners, Zenith Bank will be laying the foundation for a future where individuals and SMEs can live up to their full potentials.

Fashion One, the leading global fashion and lifestyle channel will once again be working with Zenith Bank on the “Style by Zenith 2.0” initiative.

Established in 1990, Zenith Bank Plc is a leading multinational bank providing corporate, business, retail and personal banking services through its network of over 500 branches and business offices, serving millions of customers. The brand is verifiably a leader in the deployment of various channels of banking technology and has become synonymous with the deployment of state-of-the-art technologies in banking.

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Dangote Cement ‘bag of goodies promo’ records first star prize winner

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L-R, Star Winner of Dangote cement Consumer Promotion "BAG of Goodies" Benjamin Igherighe, received his Car key from Dangote Cement plc Group managing director, Engr. Joseph Makoju, Marketing Director Dangote cement, Funmi Sanni, National Sales and Distributor Director, Dangote Cement, Adeyemi Fajobi, , at the Dangote Cement "BAG of Goodies" consumer promotion Star winner presentation, in Warri Delta state on Monday on 15th July 2019

Mr Benjamin Igherighe, a Dangote Cement retailer in Abraka, Delta State has emerged as the first grand prize winner of a saloon car in the ongoing Dangote Cement Bag of Goodies scratch and win promo. The car was presented to him at a grand ceremony held in Warri, Delta State on Monday, July 15, 2019.

Speaking at the presentation ceremony, the Group Managing Director, Dangote Cement plc, Engr. Joe Makoju stated that the ongoing promo is aimed at rewarding all consumers and congratulated the winner for becoming the first of many to emerge as the star prize winner in what many describe as the mother of all promos. He further commended consumers for their loyalty to the brand and urged them to keep buying as there are numerous prizes to be won throughout the campaign.

Marketing Director, Dangote Cement, Mrs. Funmi Sanni, in her remarks, stated that the promotion was designed to reward not less than 21 million consumers across the country with amazing prizes including 43 cars, 24 tricycles, 24 motorcycles, 550 refrigerators, 400 television sets, 300,000 Dangote foods goodies packs and recharge cards for all networks worth N200,000,000.

 

L-R, Star Winner of Dangote cement Consumer Promotion “BAG of Goodies” Benjamin Igherighe, received his Car key from Dangote Cement plc Group managing director, Engr. Joseph Makoju, National Sales and Distributor Director, Dangote Cement, Adeyemi Fajobi, Marketing Director Dangote cement, Funmi Sanni, at the Dangote Cement “BAG of Goodies” consumer promotion Star winner presentation, in Warri Delta state on Monday on 15th July 2019

 

Speaking further on the mode of participation, Mrs. Sanni stated that consumers can participate in the promo by simply buying any of the promo bags of Dangote Cement and locating the scratch card within. The gift item is revealed upon carefully scratching off the silver panel which should be taken to any of the redemption centers across the country from July to September 30, 2019.

The Regional Director, South-South, Mr. Godson Okoro employing the popular parlance, ‘Warri no de carry last’ expressed his excitement about Warri and environs presenting the first grand prize winner in Nigeria, underpinning the position of Dangote Cement brand as the leader within the region.

The grand prize winner, Mr. Igherighe in an emotion-laden voice thanked Chairman, Dangote Cement Plc, Aliko Dangote and the cement company for always giving back to the society.

Giving an insight on how he became a winner, he narrated with excitement how he bought a trailer load of cement from a distributor, Fibo Ventures and in the process of transferring  the bags to his store, the off loaders damaged three bags within which he found the winning card. He encouraged other Nigerians to take the promo seriously as he just won a prize for the first time ever.

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