Procter & Gamble Commits to Bold Action to Drive Gender Equality in Nigeria

Esan Bolaji
-
0
Procter & Gamble Commits to Bold Action to Drive Gender Equality in Nigeria

  • Commits to 8 weeks parental leave for all biological and adoptive parents and 6 months for birth mothers

In its effort to promote gender equality and thought-provoking conversations to bring about an equal future for all, leading consumer goods company, Procter & Gamble Nigeria in partnership with UN Women hosted its flagship Gender Equality summit.

Hosted virtually for the first time, the event saw distinguished advocates and personalities from government, industry, civil society, and the media come together to address the challenges of gender and women’s equality, which have been severely impacted by the pandemic.

Procter & Gamble Commits to Bold Action to Drive Gender Equality in Nigeria

Built on the theme ‘#Unsaid and #Undone’, speakers and panellists discussed some of the stereotypical expectations from both genders, re-occurring gender challenges and provided practical insights on how to address some of the challenges presented by gender inequality, amplify the narrative, and further the cause of gender equality across sectors, industries, and cultures in Nigeria.

Speaking at the summit, the Managing Director of Procter & Gamble Nigeria, Mr. Adil Farhat announced P&G Nigeria 2021 gender equality declarations which included the introduction of the ‘Share the Care’ policy which grants parental leave of 8 weeks for all new biological or adoptive parents and 6-month maternity leave for birth mothers.

Mr. Farhat also noted that P&G will educate more than 50,000 adolescent girls on puberty and menstrual hygiene over the next three years in Nigeria through our Always Keeping Girls in School (AKGIS) program which will also provide a year supply of sanitary pads so that they can commit to their education and their future.

P&G will also double its target spend on women-owned businesses over the next 3years and its mini MBA will reach over 50 women business owners over the same period. The firm will also maintain a 50-50 gender balance across our management workforce in Nigeria.

Adil Farhat reiterated the company’s commitment to driving gender equality in Nigeria and how P&G has been at the forefront of gender inclusion.

“At P&G, gender equality remains one of our sustainability foci. Beyond this, we have ensured that we practice and enforce this principle in our workplace. As a company in Nigeria, we have ensured 50% female representation at managerial levels and over 98 percent of our employees are local talent”, Adil revealed.

Also speaking at the summit, the UN Women Representative to Nigeria and ECOWAS, Comfort Laptey noted that IWD presents a unique opportunity for women to take stock of their demands for equality, development and peace while reflecting on the impact of the Covid-19 pandemic on the girl child.

She said, “as estimated, the 18 million female learners across primary, secondary and tertiary education have been affected by the school closure. This is deeply concerning for the future of girls education in communities where their enrolment was already low”.

The key speakers and panellists at the summit included the Honorable Minister of Women Affairs, Dame Pauline Tallen, Her Excellency, Dr. Zainab Bagudu, the First Lady of Kebbi State, Mrs. Maryam Uwais, Mrs. Kofo Akinkugbe, Mr. Tonye Cole, Mrs. Olatowun Candide-Johnson, Mr. Kole Shettima, Mrs. Amina Oyagbola, Mr. Ebenezer Onyeagwu, and Mrs. Hafsat Abiola.

The We See Equal Summit demonstrates P&G’s continued commitment to create a more equal world. P&G is advancing gender equality through various initiatives region-wide as part of its ongoing commitment to equality and inclusion and is part of the Company’s efforts to deliver ‘2,021 Acts of Good in 2021.

As one of the world’s largest advertisers, P&G and its brands will also continue to leverage their influential voice in media and advertising to drive further awareness, tackle gender bias, spark conversations and motivate change.

Consolidated Hallmark Insurance Predicts N484.7 Million Profit for Q2 2021

Esan Bolaji
-
0
Consolidated Hallmark Insurance Predicts N484.7 Million Profit for Q2 2021
Consolidated Hallmark Insurance Plc, Nigeria’s leading general business insurance company, has predicted N484,686,638 Profit After Tax for the second quarter of 2021 (April 2021 – June 2021), according to the latest filing from the bank on the Nigerian Stock Exchange (NSE) platform.

Consolidated Hallmark Insurance estimated investment income at N481,943,314 while net operating expenses was projected at N2,936,345,727.

Consolidated Hallmark Insurance Predicts N484.7 Million Profit for Q2 2021
SOURCE: NSE

Mouthwatering deals for shoppers as Konga set to launch new Owerri store

Esan Bolaji
-
0
Mouthwatering deals for shoppers as Konga set to launch new Owerri store

Konga, Nigeria’s foremost omni-channel e-commerce giant, is set to expand its growing retail presence with the launch of a new store in Owerri, the Imo State capital.

The new store, located at the popular Kez Plaza, Douglas Road, Owerri, will go live at 12 pm on Thursday, March 11, 2021.

New Konga Owerri store Brandspurng Mouthwatering deals for shoppers as Konga set to launch new Owerri store

A number of mouthwatering deals are in line for shoppers who visit the store on an opening day. Furthermore, Konga is set to extend the deals and other exciting offers marking the launch of the new Owerri store until Saturday, March 13, 2021.

This move, the Management of the e-Commerce giant has underlined, is to enable more potential shoppers to take advantage of the special discounts and incentives put together to herald the launch of the new store.

Ahead of the launch, Konga says it is prepared to host shoppers to a wide range of exclusive deals, including discounts on Mobile Phones, Home & Kitchen Appliances, Electronics and Fast Moving Consumer Goods (FMCG), among many others.

 

To benefit from the deals, customers are expected to come to the launch event with a Konga flyer announcing the store. The flyers are currently being distributed around the Owerri metropolis and other parts of the state and also circulated online.

The new store will further deepen the Konga presence in Imo State, where the e-Commerce brand already has a thriving retail outlet at 65b, Mbaise Road, Owerri.

The new Kez Plaza store also increases the Konga stores across Nigeria which presently numbers well above 30. Some of the locations in which Konga has spread its retail revolution to include Lagos, Abuja, Warri, Ibadan, Enugu, Uyo, Port Harcourt and Kano, among others.

Vice President, Konga Retail, Eric Nana says the new Owerri store will serve the needs of a growing customer base in the South East.

“Our customers asked for a new store and we have responded accordingly. The new Owerri store is meant to serve the growing needs of our numerous customers in Imo State and beyond. In addition to shopping online and taking delivery at the store, our customers can walk-in and shop for immediate pick-up, or conveniently place their orders there for items that are not in-store for delivery to their homes or offices.

The idea is to make the Konga brand closer to everyone, no matter what their preferred shopping style is, whether online or offline. We have also put together numerous special deals and offers for every category of shoppers ahead of the launch. So, all roads lead to Kez Plaza from Thursday to Saturday,’’ he enthused.

MBA Trading Reassures Investors On Capital Payback Amidst Challenges

Esan Bolaji
-
0
MBA Trading Reassures Investors On Capital Payback Amidst Challenges

MBA Trading and Capital Investment Limited, a forex training and capital investment company, has reiterated its commitment to pay back investors capital funds after its inability to meet up with the expected investment revenue base due to market volatility among other challenges.

Recall that investors have been calling for payment of their capital fund across social media platforms and news platforms. An online news platform reported that investors alleged that major stakeholders in the company committed fraud.

MBA Trading Reassures Investors On Capital Payback Amidst Challenges Brandspurng

In a statement signed by the company’s CEO, Maxwell Odum titled

“We will pay your money, MBA assures investors”, it assured investors that they will get the refund of their capital funds as the process has already commenced while some have already received their funds. It also maintained that it did not engage in another notorious Ponzi scheme and its major stakeholders never committed any fraud.

“Now, following the challenges we are currently grappling with in our business due to market volatility and other unfortunate developments, which means we are unable to meet up with the expected outcomes, we are strongly committed to ensuring that you do not at least lose your capital.

We sold you an idea that we believed in and you have invested your funds into it because you trusted us. Where for one reason or the other things do not work out as expected in terms of your returns, the least you would expect is that your capital is safe.

“Our commitment is to pay back all capital funds. In fact, we have commenced that process by paying out our clients on the N360, 000 category (which has the largest volume of persons). To this end, we have slowly paid out hundreds of persons before we encountered an unforeseen circumstance.

The Central Bank suspended any dealings in our accounts because, according to them, it became imperative to carry out some checks to ensure that we have been acting lawfully. All other payment gateways we normally use for the easy payout of funds have also blacklisted us causing even more difficulty in the initial process,” the statement reads.

Commenting further on the issue with the Central Bank, it stated

“On our part, we recognize the role of the government’s intervention in moments of hazy optics. While we are not perfect, we do not subscribe to criminality and will not convert this intervention to the exploitation of your patience to shy away from our responsibility. However, you will agree with us, in circumstances like this, we are expected to cooperate with the authorities until they lift this embargo and allow us to fulfil our commitments to you.

The statement also cleared the air on the smear campaigns against certain individuals who have sacrificially committed their time to stave off the crisis from inception till now.

“Especially our former Director, Mrs. Vodina West. Let’s make it abundantly clear that Ms West is not in possession of MBA’s corporate funds, neither is she deliberately or remotely a trigger-factor within the trajectory of our current development. As a matter of fact, even after taking on other opportunities completely different from what we do, she has still gone ahead to lend her hand of expertise to MBA as we fashion out the roadmap to resolving our current impasse.”

We assure you that this is what we will do the moment we are cleared to do so, which is the refund of capital funds to all our clients. We are hopeful there shall be fair and just appraisals of our operations and processes in a way that does not discourage other persons of perceived or suggestive high-handedness.

As we do not know for how long we have to wait through our lawyers are working assiduously to vacate the order, it is our hope that the order restricting our account for 180 days would be vacated so we can resume paying you again.”

The management, therefore, asked for more patience and time from the investors to resolve the challenges they are currently facing.

“So, please, give us some time to sort things out; no matter how inaudible it appears, we are working zealously for your advantage keeping in mind that the current conditions are exhaustive and depressive. Confidently, by the time we are communicating next with you, it would be to inform you that we have resumed putting some money in your accounts.” The statement reads.

Jaiz Bank Predicts N826 Million Profit After Tax for Q2 2021

Esan Bolaji
-
0
Jaiz Bank Predicts N826 Million Profit After Tax for Q2 2021
Jaiz Bank Plc, Nigeria’s premier non-interest bank, has predicted N826,257,614.07 Profit After Tax for the second quarter of 2021 (April 2021 – June 2021), according to the latest filing from the bank on the Nigerian Stock Exchange platform.

Jaiz bank estimated interest income at N6,073,200,175.24 while operating expenses was projected at N3,534,387,991.42.

Jaiz Bank Predicts N826 Million Profit After Tax for Q2 2021 Brandspurng

Sterling Bank Appoints Ankala Syam Prasad, Paritosh Tripathi as Directors

Esan Bolaji
-
0
Sterling Bank Appoints Ankala Syam Prasad, Paritosh Tripathi as Directors

The board of Sterling Bank Plc has approved the appointment of two new Non-Executive Directors of the financial institution. Sterling Bank notified The Nigerian Stock Exchange (NSE) and the investing public of the appointment of Messrs. Ankala Syam Prasad and Paritosh Tripathi as Non-Executive Directors in replacement of Messrs. Ramesh Rajapur and Grama Narasimhan on the Board of Sterling Bank Plc. The appointments are subject to the approval of the Central Bank of Nigeria (CBN).

Sterling Bank Reports 15% Growth in Net Profit In 2019 specta brandspurng

Mr. Ankala Syam Prasad – Brief Profile

Mr. Prasad is presently the Country Head and Chief Executive Officer and Chairman, Executive Committee of State Bank of India’s South African Operations. He joined the State Bank of India in 1995 as a Probationary Officer and has served in various capacities.

He has extensive banking experience and is an expert in project finance, with responsibility for large corporates, foreign exchange business including trade transactions. He is well versed in regulatory compliance and reporting, identifying risk and its mitigants.

Mr. Prasad obtained his Bachelor of Science and Master of Science degrees from Nagarjuna University, India. He also obtained an MBA (Financial Management) from the University of Mumbai, India.

Mr. Paritosh Tripathi – Brief Profile

Mr. Tripathi is presently the General Manager Operations, International Banking Group of the State Bank of India (SBI). He joined the State Bank of India in 1990 as a Probationary Officer and has over the years served in various capacities.

He has over 30 years of banking experience and is an expert in the implementation of IT-related policies and IT Infrastructure. He oversees the Operations & Information System Functions. He is responsible for HR and Overseas Expansion Planning and Strategy and also has oversight functions on performance monitoring, budgeting, strategy, advertisement and marketing at SBI.

Mr. Tripathi holds a Bachelor of Arts degree and a Master of Business Administration (MBA) from the University of Lucknow. He is a certified Associate of the Indian Institute of Bankers.

UBA Reports 28% Rise in Profit After Tax to N114Bn; To Pay Investors 35k Dividend

Brand Spur
-
0
UBA Reports 28% Rise in Profit After Tax to N114Bn; To Pay Investors 35k Dividend

The pan-African financial institution, United Bank for Africa (UBA) Plc announced 11% Gross Earnings growth in its 2020 Audited results for the period ended December 31st, 2020.

UBA delivered double-digit growth in gross earnings, as profit hits N132bn’, that this was contained in its audited results for the full-year ended December 31, 2020.

Despite the challenging business environment during the COVID-19 pandemic and the resultant effect on economies globally, the bank’s profit before tax was impressive at N131.9bn, compared to N111.3bn at the end of the 2019 financial year.

  • Gross Earnings grew by 11% to N620bn from N560bn in the previous quarter.
  • Profit before tax grew by 18.5% to N132bn.
  • Profit after tax grew by 28% to N114bn.
  • Net Assets grew by 21% from N598bn to N724bn.

UBA grew topline income by 9.03% Amid Higher Operating Expenses

The profit after tax rose remarkably by 27.7 per cent to N113.8bn compared to N89.1bn recorded at the end of the 2019 financial year.”

The 2020 audited financials filed at the Nigerian Stock Exchange on Monday showed the bank’s gross earnings grew by 10.8 per cent to N620.4bn from N559.8bn recorded in the corresponding period of 2019.

The bank’s total assets also grew by 37 per cent to N7.7tn for the year under review.

On the cost side, it stated, operating expenses grew by 10.1 per cent to N249.8bn from N217.2bn in 2019, well below the average inflation rate of 13.2 per cent for the year, reflecting the bank’s cost-effectiveness.

The bank said in its tradition of rewarding shareholders, it proposed a final dividend of N0.35 kobo for every ordinary share of 50 kobo.

The final dividend, which was subject to the affirmation of the shareholders at its annual general meeting, would bring the total dividend for the year to N0.52kobo as the bank had paid an interim dividend of N0.17 kobo earlier in the year, it stated.

UBA recorded 24 per cent growth (to N2.6tn) in loans to customers, while customer deposits increased by 48.1 per cent to N5.7tn, compared to N3.8tn recorded in the corresponding period of 2019, reflecting increased customer confidence, enhanced customer experience, successes from the ongoing business transformation programme and the further deepening of its retail banking franchise.

Commenting on the result, the Group Managing Director/Chief Executive Officer, Kennedy Uzoka, noted that 2020 was important for UBA Group, as it gained further market share in most of its countries of operation.

“We ended a very challenging year on a reassuring note. The bank recorded double-digit growth in both our top and bottom lines, as gross earnings and after-tax profit grew by 10.8 per cent and 27.7 per cent to N620.4bn and N113.8bn respectively.

“Return on equity was 17.2 per cent, even as our cost-to-income ratio moderated to 61.3 per cent.”

He added that the earnings per share of N3.20 was 26.8 per cent higher than that of the preceding year.

February Headline Inflation May Jump To 17.27%

FDC
-
1
February Headline Inflation May Jump To 17.27%

We are estimating a sharper increase in headline inflation to 17.27% for February 2021 up from 16.47% in January. If this happens, it will be the 18th consecutive monthly increase in Nigeria’s inflation rate. It will also be the highest level in 46-months.

Inflation is moving further away from the upper band of the CBN’s 6- 9% target. It is likely to impede output growth. Real GDP growth increased marginally by 0.11% in Q4’20 after two consecutive quarters of negative growth.

February Headline Inflation May Jump To 17.27% Brandspurng

In the last two months, we have seen a divergence between the direction of month-on-month and annual inflation due to the base year effects and supply shocks. The month-on-month inflation is estimated to remain relatively flat at 1.49% (19.47% annualized) in February.

We have also seen the impact of high- powered money and the massive borrowing of the FGN via the CBN. The impact of the crowding out of private investors from the public debt market by the CBN printing money is now playing out in higher price inflation.

Food and core sub-indices to increase

We expect the food and core sub-indices to move in tandem with the headline inflation. Food price pressures will remain the primary driver of inflation, rising to 21.98% in February. The impact of the recent blockade of food supply from the Northern states to the south-west is unlikely to reflect in the February inflation numbers.

However, the impact will be felt in the month of March. Core inflation (inflation fewer seasonalities) is also projected to cross the 12% threshold to 12.02% in February due to exchange rate pressures and higher logistics costs. The impact of higher transport fares will be more potent in March.

Inflation expectations more to the upside: Tighter monetary policy stance likely in H2’21

Inflation expectations, which is the basis for policy formulation is more to the upside due to supply shocks emanating from the food blockade and heightened insecurity, exchange rate pass-through effect and higher energy and logistics costs.

Recently, the naira has been allowed to crawl up to N411.63/$ at the I&E window, whilst hovering around N480- N482/$ at the parallel market. This coupled with the periodic dilemma on the adjustment of PMS price will continue to increase production costs and push up commodity prices.

The persistent rise in inflation increases the chances of a tighter monetary policy stance albeit in H2’21. The CBN has indicated that it is unlikely to change its accommodative stance in the near term.

The MPC committee will continue to monitor the impact of recent policies and stimulus on economic growth while using orthodox tools to mop up liquidity and contain inflationary pressures.

Sub-Saharan Africa: Heightened inflationary pressures

Average inflation in the SSA region is currently at 8.6%, up from 8.1% in 2020. The major driver is the recent increase in oil prices and the import costs of refined petroleum. Three of the Sub-Saharan African (SSA) countries under our review have released their inflation numbers for February, all recording increases.

This was largely driven by food price pressures and higher energy costs. Year-to-date, the price of oil rose by 21.35% to $62.9pb due to reduced global oil supply and increased vaccine rollouts. With the exception of Zambia, all the SSA countries under our review left their benchmark interest rate unchanged.

For the first time since November 2019, the Central Bank of Zambia increased its monetary policy rate by 50bps to 8.5% pa at its February meeting to anchor inflation expectations and restore macroeconomic stability. The country’s inflation rate climbed to a near 5-year high of 22.2% in February.

February Headline Inflation May Jump To 17.27% Brandspurng
Trading Economics, FDC Think Tank

Nigeria at policy crossroads

This is crunch time for Nigerian policymakers as they attempt to make the pricing of financial instruments consistent with the monetary policy framework of inflation targeting. The CBN has moved reluctantly but expectedly in allowing the exchange rate to move at the I & E window to N411/$.

This is designed to bring about some level of general equilibrium in the markets but is still far away from achieving what is considered an efficient formula for maintaining exchange rate flexibility and achieving fiscal neutrality.

SON Council Approves 96 New Standards – Health, Agriculture, Food Top List

Esan Bolaji
-
0
SON Council Approves 96 New Standards – Health, Agriculture, Food Top List

The Standards Organisation of Nigeria (SON) Governing Council has approved ninety-six (96) new Nigerian Industrial Standards for national use which cut across Chemical Technology, Electrical/Electronics, Food/Agriculture, Textile/Leather and Services.

SON Council Approves 96 New Standards – Health, Agriculture, Food Top List
Some SON Governing Council members during the meeting in Abuja Corporate Headquarters of the Organisation | www.wordpress-1516176-5827464.cloudwaysapps.com

The approval which was given at the first meeting of the Council following the appointment of Mallam Farouk Salim as the Director-General brought the total number of Standards approved by the SON Governing Council to 264 in the year 2020 following the earlier approval of 168 Standards.

Chairman of the Council, Dr. Nasir Sani-Gwarzo commended the new SON helmsman for being able to convene the Council meeting a few months after his appointment in spite of the challenges of the health pandemic and other socio-economic events. He stated that the newly approved standards were significant given the scope of their coverage.

Standards-Organisation-of-Nigeria-SON

He enumerated the approved standards to include those that are essential for the production of medical and other supplies required for the management of the Covid-19 pandemic such as syringes, face barriers, alcohol-based hand sanitiser, medical electrical equipment, Health and Safety Measures for Tourism and Hospitality Establishments – Post Pandemic (Covid-19) Resumption amongst many others.

According to him others of great economic, regulatory and industrial importance include standards for agricultural, petroleum and automobile gas products, electrical/electronic standards for smart energy meters and renewable energy, all of which support the Federal Government policies, strategic priorities and plans.

Represented by Dr. Halilu Hamma, the Chairman formally congratulated Mallam Salim on his appointment and assured him of the full support of the Council members via a harmonious working relationship based on mutual trust and respect in order to significantly improve the organisation’s efficiency and effectiveness in delivering on its mandate to Nigerians.

Dr. Sani-Gwarzo assured the new SON Chief Executive of access to a rich and diverse knowledge, expertise and experience in the Council to support his aspiration of making SON a high impact organisation in support of the Nation’s socio-economic growth and development.

Addressing the Council earlier, Mallam Farouk Salim expressed appreciation to President Buhari for giving him the opportunity to further contribute to National development through SON, stressing that he looked forward to tapping from the rich expertise and experience of the Council members in the areas of providing necessary approvals for policies to make the organisation more efficient and effective in touching the lives of Nigerians.

He expressed concern about the lack of a befitting Corporate Headquarters for the organisation, conducive working environment for the staff nationwide to enable them to deliver efficient services, need to be properly positioned to tackle the influx of substandard products into the country, faking and adulteration amongst others and sought the Council’s support to tackle them.

Mallam Farouk informed the Council that a Committee of distinguished Nigerians appointed to help review SON Management practices and procedures and make recommendations for far-reaching reforms to strengthen the system has submitted its interim report.

He acknowledged the availability of highly trained, knowledgeable and smart personnel in the organisation and sought the Council’s support in putting them to optimal use. Salim informed the Council stated that the outstanding promotion examination for all categories of staff had been conducted and that the results would be presented to the Council at its next meeting.

The Director-General commended all staff involved in coordinating the development of the newly approved standards as well as the sectoral stakeholders who participated actively in the process.

He urged the Stakeholders to be actively involved in the advocacy of the standards as well as the voluntary uptake by all relevant users in the overall interest of the Nation, particularly in view of the implementation of the African Continental Free Trade Area Agreement.

Mallam Salim reiterated his commitment to making SON a better and more impactful organisation in Nigeria as well as in regional, continental and international standardisation activities.

UBA Gives Customers More Control, Convenience with New Mobile App

Esan Bolaji
-
0
UBA Gives Customers More Control, Convenience with New Mobile App

Pan African financial institution, United Bank for Africa (UBA), Plc is set to change the face of digital banking services with its new mobile banking app aimed at delivering first-rate services to customers.

The new UBA mobile banking app has been armed with benefits and features designed to give its customers increased control and accessibility to carry out transactions with ease.

UBA Gives Customers More Control, Convenience with New Mobile App Brandspurng

UBA’s Group Head, Digital Banking, Kayode Ishola, who spoke about the new banking app to members of the press during an international virtual media parley on Monday, explained that apart from being able to decide where they want their cards to operate and block, view, or request new cards straight from the app to suit their specific needs, the app has been tailor-made to give customers what they want, how and in the way they want it.

Reeling off some of the features and benefits of the app, he said a lot of investment in cutting edge technology and attention to details was put into the new UBA mobile app.

Ishola said,

“The new UBA Mobile App is your personal finance manager built with a distinctive user interface that will change the face of banking. With this app, we are reimagining banking as our engagement has moved from being channel-based to being platform-based. The speed of the platform has been made to match the speed of light as we have cut down significantly on the number of processes expected to carry out your transactions.

UBA grew topline income by 9.03% Amid Higher Operating Expenses

“Interestingly, we have worked towards creating behavioural insight for our customers and working around this to address the real needs of our customers using the Omnichannel platform and running on our open digital platform, which is very interactive and armed with lifestyle services. It is sleek and trendy with a seamless user interface”.

UBA’s Head, SME Banking, Sampson Aneke, said that apart from the fact that the app has been created with the journey that has a high level of intelligence – as it can work based on frequent transactions, it can also speak to the specific country where it is being used as the new mobile app runs concurrently in the 20 countries of UBA’s operation interacting in the different languages and cultures in line with the specific needs and regulation of the country in focus.

“This all-encompassing platform which boasts of a new user interface because of its sleek, modern nature of delivering a seamless experience across several devices; can be used as a budgeting tool, loan application and also allows customers view their expenses according to their various categories such as the amount spent on data within a particular period;” Aneke added.

On the security features of the app, UBA’s Group Chief Information Officer, Onyebuchi Akosa, said that the security of the app is best in class adding that the new platform, which will revolutionise the way banking services are offered, promises to deliver increased personalized banking via a watertight and highly-effective security system.

“The new app has also been built with the best-in-purchase security features and has been modelled appropriately to ensure that all the features are working properly to secure transactions maximally. It is also important to mention that the bank took into consideration the virtually impaired, and thus has used voice recognition as a channel for the transaction which suits both convenience and the visually impaired customers,” he said.

1...2,0752,0762,077...3,970Page 2,076 of 3,970