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Driving Sustainable impact Through Community Development; Union Bank and Employees Returns for Third Employee Volunteer Day

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Union Bank reports 461% growth in PBT in Q3, 2023

Driving Sustainable impact Through Community Development; Union Bank and Employees Returns for Third Employee Volunteer Day

For the third consecutive year, Union Bank and its employees celebrated their Employee Volunteer Day (EV Day) with a series of targeted charitable donations and projects, aimed at improving the lives of Nigerians.
In line with the Bank’s efforts to drive sustainable impact and accelerate community development, EV Day is an employee-funded initiative that allows Union Bank and its employees the opportunity to give back to the community through various projects and activities that drive positive social change.
Driving Sustainable impact Through Community Development; Union Bank and Employees Returns for Third Employee Volunteer Day
The latest instalment of the initiative tagged “It Starts With U” involved a bottom-up approach where employees were encouraged to identify needs within their host communities that required timely attention after which they pooled resources to solve some of these identified problems in these areas.
Through the initiative, 20 impactful projects were executed and commissioned in different communities across three regions in the Nation. The projects which directly impacted over 253,000 people were centred around creating strategic development with a clear focus on Health & Wellness, Environmental sanitation and Education and Welfare in Nigeria.
Three projects were executed and commissioned In the South West region where Bolade Jegede, Regional Executive for South West, led the team of Union Bank Volunteers to the Island maternity Hospital Lagos where they donated Medical equipment to the Neonatal unit to support existing facilities and help reduce neonatal mortality rate which is currently about 25% of the death toll for age 5 and below.
In the South East region, a total of eight projects were implemented across various states. Rosemary David-Etim, Regional Executive of the region led a team of over 100 employee volunteers to commission the renovated toilet facility at Comprehensive Secondary School Douglas Road Owerri, Imo State to support the governments’ efforts towards preventing pupils from contacting or spreading germs and infectious diseases which is now a national concern as only 10% of Nigerian schools have basic hygiene services, including toilets.
Nine projects were also commissioned in different locations across the Northern Region. The regional executive Fatai Baruwa, represented by Helen Okene, and other UBN Employee Volunteers carried out environmental sanitation in Dei-Dei building market Abuja and donated waste bins to the market traders to improve waste collection and disposal within the market.
Other projects executed include; Donation of N2M to COPE towards breast and prostate cancer screening for at least 200 underprivileged men and women, donation of food supplies to various orphanage homes, donation of communal boreholes, school renovation, donation of traffic box to the traffic control unit of the police force.
Commenting on the initiative and expected project impact, Union Bank Chief Executive Officer Emeka Okonkwo, said
“Union Bank is known for leading the charge for social impact. The theme for this EV Day tagged ‘It Starts with You’ is a necessary reminder of the role each of us must play as individuals in upholding and driving sustainable impact in the communities we serve. I am so inspired by Team Union and incredibly fortunate to work with colleagues that prioritises our vision of community development and corporate citizenship”
Also commending the level of employee engagement, Chief Brand and Marketing Officer, Ogochukwu Ekezie-Ekaidem, said –
“Employee Volunteer Day is an initiative that is very close to my heart. Since 2019, we have executed projects in 30 locations across the country impacting over 300,000 lives. I am grateful to every employee that has donated to the successful execution of these projects.”
Introduced in 2019, EV Day reinforces Union Bank’s dedication to building a workforce that is conscious about giving back to the communities where they live and work. The first edition was a sanitation exercise carried out in 15 locations across the country with participation from over 1,200 Union Bank employees along with their family and friends. In 2020, the Bank and its Employees raised N10 million to provide the gift of water to over 15,000 Nigerians through the establishment of communal boreholes in six communities nationwide.
At Union Bank, Community Development remains one of our core focus and we will continue to provide support to the communities where they operate.

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

 

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

 

 

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

 

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

 

 

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

 

 

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

 

 

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

 

 

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

 

 

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

 

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.
The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.
“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.
The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.
Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.
The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.
This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.
Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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