Business
UBA Rolls Out Quick Loan Facility For Salary Earners
The United Bank for Africa (UBA) has rolled out a low interest loan facility that is targeted at addressing the urgent needs of customers that have salary account with the bank.
The UBA’s low interest loan facility which is ‘Click Credit’, it was gathered, can enable salary earners that have salary account with the UBA to obtain such loan up to the tune of N5 million.
Disclosing this in a chat with aviation correspondents, yesterday, the UBA’s Group Head of Marketing, Dupe Olusola, said that the bank as part of its programmes, was committed to empowering its customers to fund urgent needs.
According to her, customers can apply for loans up to the tune of N5 million and pay back in a period of 12 months at an interest rate of 1.58 percent, monthly.
She said that salary earners that are aged between 18 and 59 years who earn at least N25,000 monthly are also eligible for the loan without need for paper work at extra cost or collateral.
“Some customers have begun to enjoy the service after eligibility for the loan had been concluded, within a minute.
“As Africa’s most innovative and technology driven financial institution with array of novel products and services tailored to the needs of its millions of customers, we have launched ‘click credit’.
“This product is straightforward and more affordable than many other loan products in the market. Its unique feature is that it meets a critical credit need of our customers”, she said.
The UBA marketing executive, however, disclosed that the product was first rolled out in Nigeria before subsequent release in other countries where the bank operated.
By: Corlins Walter
Business
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Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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