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UBA Staff Across Africa Give Back at UBA Foundation’s Each One, Teach One Initiative

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UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, on Friday held the 2019 edition of its annual Each One, Teach One initiative, hosting a huge impact day in Nigeria and across all its subsidiaries in Africa.

The Each One, Teach One initiative is part of UBA Foundation’s activities where the bank’s staff members give their time and skills to the communities around them. All across the continent, staff of the pan- African bank were seen within their communities, teaching and assisting the less privileged, especially students and people living with disabilities.

The Executive Director, Lagos and West Bank, Marketing, Mr. Ayoku Liadi, who represented UBA’s Group Managing Director, and the Chairman of UBA Foundation, Mr. Kennedy Uzoka, at the event in Lagos, expressed his excitement over the initiative, adding that as a corporate entity, UBA, through its Foundation has decided to give back as a family, starting by impacting knowledge and skills to students and participants.

Liadi said, “Our goal with this initiative which is in its second year, is to help the under privileged and young children learn vocational skills that will assist them along the path to financial freedom as they start businesses of their own. We have therefore, created a platform to encourage people who have various skills and talents to pass this on to the younger generation.

Liadi also seized the opportunity to give the participants a short lecture about financial literacy, noting that it is important for students to embrace the culture of being financially cautious from a tender age.

He said, “At UBA, we want students to inculcate the habit of savings, especially for the rainy day. It is important that you are cautious about the future, because nothing is guaranteed. Therefore ensure that you bear this in mind when you receive your pocket money and allowance no matter how little; because when you save today, it will go a long way to help you tomorrow, “Liadi told the students who filled the Onikan Youth Centre.

Students from Modupe Cole Memorial Childcare and Treatment Home; Standard Hallmark College, Mushin; Child Life-Line,Lagos and Moyin Rainbow Foundation, Lagos; were some of the students who participated at the event.

The Chief Executive Officer, UBA Foundation, Mrs. Bola Atta, who threw more light on the initiative stated that it is aimed at helping to impact lives positively and in a very meaningful way. She added that the initiative, which was going on simultaneously in 20 countries across Africa, was being driven by UBA staff members who were very happy to give back to the society. 

“At UBA Foundation, we are constantly being asked by other staff members how they can help. A lot of people are genuinely interested in doing good. With the Each One Teach One initiative, you don’t need a huge sum of money, you just need to give of your time and talent to at least one other person. It is simple. It is effective and the impact is ginormous imagine how many people across 20 countries in Africa benefitted today from someone just taking a little time to help them acquire new skills or hone old ones. There is something really gratifying about giving back. It helps the communities and helps you grow as an individual.’ Said Atta

Thousands of UBA staff members across Africa voluntarily committed their time today to teaching youths various activities such as foreign languages, photography, tae kwon do, fashion design, martial arts, first aid, coking, hair dressing, mathematics, reading, music and much more.

UBA, Africa’s global bank, is committed to being a socially responsible company and role model for all businesses in Africa. UBA recognises the need for a social contract between the bank, the community and its people.

As the Corporate Social Responsibility arm of the UBA Group, UBA Foundation is committed to the socio-economic improvement of the communities in which the bank operates, focusing on development in the areas of Environment, Education, Economic Empowerment and Special Projects.

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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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