Business
Financial Inclusion: Bank Rewards 12 Customers With N13m
Fidelity Bank Plc has rewarded 12 customers with N13 million in the fifth draw of “Get Alert in Million Reloaded” aimed at strengthening the culture of saving among Nigerians.
The bank’s Managing Director, Mr Nnamdi Okonkwo said in Lagos that the promo, the seventh in the series in the last 10 years was instituted to promote financial inclusion and savings culture.
Okonkwo, who was represented by the Regional Head, Retail Banking, Mr Richard Ebo, said the bank had given a total of N81 million in cash and 90 consolation prizes to 183 winners under the “Get Alert in Millions Reloaded’’.
He said that the bank’s major priority was to reward its customers through different initiatives to improve their living standards.
Okonkwo said that the consolation prizes included television sets, power generators and refrigerators, noting that a grand prize of N10 million would be won by a lucky customer at the end of the promo.
He said the bank would remain committed to initiatives that would touch lives and boost savings culture among Nigerians.
He said the initiative was in line with Central Bank of Nigeria’s (CBN) financial inclusion initiative.
Winners emerged from a transparent process driven by the bank’s control team and witnessed by officials from Consumer Protection Council (CPC) and other regulators and stakeholders.
Two customers from South East, Ugonwa Uchechukwu from Nkpor Branch, Anambra State and Chukwuemeka Umeje from Iweka Road branch, Onitsha won N1 million each.
Other lucky winners for the monthly draw were, Mr Sani Sule, Warri branch and Ala Andrew of Rivers State University, who won N1 million each under South/South zone.
Damilare Emmanuel of Saka Tinubu branch, Lagos and Isreal Ogechi Nwaobialor of Egbeda branch won N1 million and N2 million under the Lagos zone.
Business
NCAA Certifies Elin Group Aircraft Maintenance

Business
SMEDAN, CAC Move To Ease Business Registration, Target 250,000 MSMEs

Business
Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze

Ministry of Marine and Blue Economy is seeking new funding to implement its ambitious 10-year policy, with officials acknowledging that public funding is insufficient for the scale of transformation envisioned.
Adegboyega Oyetola, said finance is the “lever that will attract long-term and progressive capital critical” and determine whether the ministry’s goals take off.
“Resources we currently receive from the national budget are grossly inadequate compared to the enormous responsibility before the ministry and sector,” he warned.
He described public funding not as charity but as “seed capital” that would unlock private investment adding that without it, Nigeria risks falling behind its neighbours while billions of naira continue to leak abroad through freight payments on foreign vessels.
He said “We have N24.6 trillion in pension assets, with 5 percent set aside for sustainability, including blue and green bonds,” he told stakeholders. “Each time green bonds have been issued, they have been oversubscribed. The money is there. The question is, how do you then get this money?”
The NGX reckons that once incorporated into the national budget, the Debt Management Office could issue the bonds, attracting both domestic pension funds and international investors.
Yet even as officials push for creative financing, Oloruntola stressed that the first step remains legislative.
“Even the most innovative financial tools and private investments require a solid public funding base to thrive.
It would be noted that with government funding inadequate, the ministry and capital market operators see bonds as alternative financing.
-
Opinion4 days ago
94 Years From A Turning Point
-
Education4 days ago
Don Advocates Equal Opportunity For Citizens
-
News2 days ago
Tinubu urges security agencies to apprehend killers of Arise TV Staff ?
-
Politics4 days ago
Anambra Guber: ADC Candidate Urges INEC To Tackle Vote Buying
-
Business4 days ago
Blue Economy: Minister Seeks Lifeline In Blue Bond Amid Budget Squeeze
-
Sports2 days ago
FIFA U20: Flying Eagles Narrowly Loss to Norway
-
Maritime4 days ago
Customs Wives Donate Mosquito Nets, Bedsheets To Hospitals In Ogun
-
Sports4 days ago
WCQ: S’Eagles Coach Set To invite Akinsamiro