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Union Bank Releases Second Citizenship, Sustainability and Innovation Report

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Lagos, Nigeria – Union Bank has announced the release of its second Citizenship,
Sustainability and Innovation (CSI) report – an annual compendium which highlights the bank’s strategic approach, initiatives and impact made in the areas of Citizenship, Sustainability and Innovation within the last year.
The report touches on the impact Union Bank made within its host communities in 2017 and
its commitment to its customers and other stakeholders. It also emphasizes the bank’s vision
to inspire a future where private sector participants are committed drivers of the nation’s sustainable development.
In its dedication to local communities, Union Bank has invested heavily in providing Nigerians access to inclusive financial services and championing financial literacy for future generations in schools across the country. In 2017, the bank went a step further, expanding the reach and impact of this initiative and increasing the number of students impacted from 3,000 in 2016 to
6,000 in 2017.
The Bank also launched ‘Project North’, an initiative to tackle financial exclusion in the North,
including areas where economic activities are gradually recovering following the insurgency
which affected the socio-economic stability in those areas. In 2017 alone, as part of efforts to
drive financial inclusion of all Nigerians, Union Bank opened over 600,000 new accounts under
this scheme.
Speaking concerning the release of the 2017 CSI report, Chief Executive Officer, Union Bank, Emeka Emuwa said:
“This annual reports gives credence to our positioning as a Bank truly committed to the communities in which we operate. Our Corporate Social Investment is central to
our core business and commitment to the triple bottom line of responsible financial,
environmental and socio-economic development.
We are committed to the ten principles of the United Nations Global Compact regarding
the adoption of sustainable and socially responsible policies in human rights, labour,
the environment, anti-corruption, and of course, reporting on their implementation.”
In 2017, as the Bank celebrated a century of providing trusted banking services, a critical
aspect of its citizenship efforts was leading the charge for sustainable development in Nigeria
into the next century. This it did by making a call to action for ‘The Next100 Fund’ initiative, as
a means to galvanise private sector participation in accelerating Nigeria’s economic development, leveraging the Sustainable Development Goals (SDG) framework.
Successfully embedding sustainability practices into its banking processes, Union Bank has continued to develop simpler and smarter products and services that are relevant to Nigerians.
Last year, the bank launched its first ever recycling competition ‘Recyclemania’ to raise
awareness about, and encourage the act of recycling among employees of the Bank.
The bank has also created an inclusive and empowering environment for its employees
through various initiatives. One of such initiatives is its Women Empowerment hub, WeHub,
which continues to motivate, connect and provide support to Union Bank female employees.
Last year, Union Bank also intensified efforts to embed an innovative culture in Nigerian youths by promoting and rewarding innovation and creativity. The Centenary Innovation Challenge
was organised to find and support great ideas that address the SDGs in entrepreneurial ways
which enable economic and societal growth and build an inclusive society for young Nigerians.
The release of the second edition of its CSI report underscores Union Bank’s commitment to
maintaining its leading position as a sustainability champion and a socially driven and
responsible corporate organisation.
To see the report, please click HERE.
About Union Bank Plc.
Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria
Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions. The Bank is a trusted and recognizable brand, with an extensive network of over 300 branches across Nigeria.
In late 2012, a new Board of Directors and Executive Management team were appointed to Union Bank and in 2014 the Bank began executing a transformation programme to re-establish it as a highly respected provider of quality financial services.
The Bank currently offers a variety of banking services to both individual and corporate clients including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance. The Bank also offers its
customers convenient electronic banking channels and products including Online Banking,
Mobile Banking, Debit Cards, ATMs and POS Systems.
More information can be found at: www.unionbankng.com
Media Enquiries: Email [email protected]

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UBA GMD Calls for Public-Private Collaboration, Joins Aviation Minister to Commission New MMIA Departure Section

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UBA GMD Calls for Public-Private Collaboration, Joins Aviation Minister to Commission New MMIA Departure Section

The newly renovated departure section of the Murtala Muhammed International Airport, Lagos, refurbished by United Bank for Africa (UBA) Plc, was officially commissioned on Friday, December 20th, 2024.

The laudable project, which marks a transformative moment in Nigeria’s aviation sector, underscores UBA’s unwavering commitment to national development and highlights the immense value of strategic public-private partnerships (PPPs).

The ceremony was graced by distinguished stakeholders, including the Honourable Minister of Aviation and Aerospace Development, Festus Keyamo, SAN; the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku; other Directors, and Heads of Agencies operating at the Airport.

Speaking at the event, UBA’s Group Managing Director/CEO, Oliver Alawuba,lauded the collaboration that brought the project to fruition as he emphasised the need for public and private institutions to come together to build and revamp the nation’s assets.

“This renovation is a testament of UBA’s belief in the transformative power of investing in national assets. By modernising our airports, we not only enhance infrastructure but also position Nigeria as a global hub for tourism, trade, and investment,” he stated.

Alawuba took time to highlight the broader economic impact of such initiatives, urging increased private-sector participation in national development. “Public-private partnerships like this demonstrate what can be achieved when we unite for a shared vision of progress and investing in infrastructure catalyses economic growth, improves travel experiences, and creates opportunities across various sectors of the economy,” he added.

Alawuba reflected on the power of unity and collaboration, quoting Helen Keller: “Alone we can do so little; together we can do so much.” The commissioning of the renovated departure section serves as a reminder of what strategic partnerships can achieve in driving national development and elevating Nigeria’s global standing.”

While commissioning the project, Keyamo commended UBA for executing the project, a feat he termed a landmark achievement in Nigeria’s aviation sector. “This renovated departure section exemplifies the bank’s commitment to elevating aviation infrastructure, improving passenger experiences, and fostering international partnerships. It is a proud moment for the ministry and all stakeholders involved, and I thank the management of UBA for pioneering this initiative,” he remarked.

The minister highlighted other key achievements of his ministry, including compliance with the Cape Town Convention, the launch of a consumer protection portal, and advancements in major infrastructure projects such as the second runway at Abuja Airport and solar energy integration in airport operations.

The Managing Director/Chief Executive of FAAN, Mrs. Olubunmi Kuku, commended UBA and other stakeholders for their contributions, adding, “This project reflects FAAN’s dedication to delivering world-class aviation infrastructure. The enhanced departure section not only elevates passenger experiences but also strengthens Nigeria’s competitive position in global aviation,” she said.

She called for more private-sector participation, emphasising that “partnerships like these are essential to transforming the aviation sector into a beacon of excellence.”

The newly renovated departure section boasts cutting-edge facilities designed to enhance efficiency and passenger comfort. This upgrade reaffirms the Murtala Muhammed International Airport’s status as a critical gateway to Nigeria and a major hub for international travel in Africa.

United Bank for Africa is Africa’s Global Bank. Operating across twenty African countries and the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology. UBA is one of the largest employers in the financial sector on the African continent, with 25,000 employees group wide and serving over 45 million customers globally.

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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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