BUSINESS
OneBank to Rewards Nigerian Workers with Enhanced Financial Services
By Joseph Amah, Abuja
OneBank, a digital product of Sterling Bank Plc, Nigeria’s leading commercial bank, has said it will celebrate and eulogise 250 Nigerian workers on a weekly basis through its “One Professional” initiative as a way of appreciating them for their tenacity and contribution to nation building.
Group Head of Digital Banking at Sterling Bank, Oladipo Alabede, who disclosed this in a statement issued by the bank recently, said Nigerian workers deserve praise for their tenacity and contributions to nation building.
According to him, “No nation can boast of tremendous progress or enjoy significant growth without a diligent, empowered and excited workforce.
Over the years, Nigerian professionals have made giant strides across various industries like medicine, engineering and law, to mention but a few.”He said the One Professional initiative by OneBank is Sterling’s way of amplifying the stories of Nigerian workers while thanking them. He explained that the initiative will give ample opportunity to Nigerian workers to share stories of how they found themselves in their chosen fields.
“These stories will help inspire younger generations to make even better decisions while learning from mistakes made and lessons shared by these astute professionals”, Alabede said.
The Group Head said Nigerian professionals will be provided with the opportunity to share inspirational stories of how they ventured into their various fields of endeavors every month throughout the year. According to him, Nigerian workers stand a chance to win cash prizes from OneBank when they go ahead to download the OneBank app on Google and Play store and open an account.
He said the mechanics of the initiative is for a worker, who is a potential customer of the bank, to create a OneBank account, select sector/profession as part of the account opening requirement and complete the account opening process. Accounts that are successfully opened with the Know Your Customer (KYC) approved will be spotted at the end of the week, he said.
He said further details on how workers can benefit from the initiative can be found on OneBank’s social media channels, including Twitter, Instagram and Facebook.
OneBank is a leading digital bank product which empowers individuals and businesses to get world-class financial services and tools without barriers. It was launched in 2020 and has been helping customers to make smart and responsible financial decisions.
With OneBank, downloading multiple bank and finance apps has become a thing of the past as bank customers can now pay, save, invest and carry out all their favourite financial transactions on their own terms from just one application.
OneBank remains committed to ensuring that every African who owns a mobile phone can thrive financially.OneBank provides its customers with 24/7 online customer care support, free card delivery and other exciting services.
Economy
Investors Gain N183bn on NGX
The Nigerian Exchange Ltd. (NGX) continued its bullish trend on Wednesday, gaining N183 billion.
Accordingly, the market capitalisation, which opened at N59.532 trillion, gained N184 billion or 0.31 per cent to close at N59.715 trillion.
The All-Share Index also added 0.31 per cent or 303 points, to settle at 98,509.
68, against 98,206. 97 recorded on Tuesday.Consequently, the Year-To-Date (YTD) return increased to 31.
74 per cent.Gains in Aradel Holdings, Zenith Bank, United Bank For Africa(UBA), Oando Plc, Nigerian Breweries among other advanced equities drove the market performance up.
Market breadth closed positive with 34 gainers and 17 losers.
On the gainers’ chart, Africa Prudential, Conoil and RT Briscoe led by 10 per cent each to close at N14.30, N352 and N2.42 per share, respectively.
Golden Guinea Breweries followed by 9.95 per cent to close at N7.18, while NEM Insurance rose by 9.74 per cent to close at N10.70 per share.
On the other hand, Julius Berger led the losers’ chart by 10 per cent to close at N155.25, Secure Electronic Technology Plc trailed by 9.52 per cent to close at 57k per share.
Multiverse lost 7.63 per cent to close at N5.45, Haldane McCall dropped 6.07 per cent to close at N4.95 and Honeywell Flour shed 5.62 per cent to close at N4.70 per share.
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 49.44 per cent.
A total of 320.10 million shares valued at N6.48 billion were exchanged in 7,943 deals, compared with 939.41 million shares valued at N12.81billion traded in 9,098 deals posted in the previous session.
Meanwhile, ETranzact led the activity chart in volume with 70.27 million shares, while Aradel led in value of deals worth N1.22 billion.(NAN)
Economy
Yuan Weakens to 7.1870 Against Dollar
The central parity rate of the Chinese currency renminbi, or the Yuan, weakened 22 pips to 7.1870 against the dollar on Monday.This is according to the China Foreign Exchange Trade System.In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. (Xinhua/NAN)Economy
Bring Kaduna Refinery Back into Operation, Youth Group Urges NNPCL
Arewa Youths Initiative for Energy Reforms (AYIFER), has urged Nigeria National Petroleum Corporation Limited (NNPCL) to do everything possible to bring Kaduna Refinery back into operation.
National Coordinator of the group, Mr Bashir Al’Amin, stated this in a statement issued on Friday in Abuja.
Al’Amin specifically called on the Chief Executive Officer of NNPCL, Mallam Mele Kyari, to do all within his powers to rejuvenate the refinery and bring it up to global standard.
He said that having delivered the Port Harcourt refinery, coupled with the establishment of Dangote Refinery in Lagos, attention should be shifted to Kaduna refinery for easy spread of petroleum products.
“We are calling on Malam Mele Kyari to expedite action on Kaduna refinery so we can be at par with other regions in the country.
“We equally beg the NNPCL to do professional work in rehabilitating the old refinery and deliver a standard and functional petrochemical refinery and not a blending plant.
“Kyari should resist any temptation that could make him do something that can jeopardise his good image,” he said.
Al’Amin said that since the extinction of groundnut pyramid and textiles in Kano State as well as PAN in Kaduna State and with the Kaduna refinery getting moribund, a lot of youths had lost their jobs.
According to him, all their hopes in the north are tied to the legacy refinery, expressing the hope that God would use Kyari to deliver it well and on time.
He said that the group was solidly behind NNPCL in prayer and would be ready to celebrate the company if its expectations were met. (NAN)