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Union Bank Unveils Annual CSI Report: Driving Inclusive Growth; Impacting Lives, Enabling Success

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Union Bank Unveils Annual CSI Report: Driving Inclusive Growth; Impacting Lives, Enabling Success

 

Union Bank Unveils Annual CSI Report: Driving Inclusive Growth; Impacting Lives, Enabling Success

 

 

 

Union Bank of Nigeria, a leading financial service provider, has released its 2022 Citizenship, Sustainability, and Innovation (CSI) report, outlining the bank’s efforts across three pivotal areas – Citizenship, Sustainability, and Innovation.

 

 

 

 

 

 

 

The 7th edition of the report, titled ‘Driving Inclusive Growth; Impacting Lives, Enabling Success,’ provides an extensive overview of Union Bank’s ongoing commitment to fostering a sustainable future.

 

Union Bank Unveils Annual CSI Report: Driving Inclusive Growth; Impacting Lives, Enabling Success

 

 

 

 

 

 

It chronicles the bank’s dedication to embedding responsible business practices and making a positive difference in the lives of individuals and communities, and it offers an in-depth examination of the bank’s activities for the year in review, shedding light on its strategies, performance, and processes in the implementation of various projects and initiatives.

 

 

 

 

 

 

 

Aligned with its overarching theme for the year, Union Bank focused its efforts on five of the United Nations’ Sustainable Development Goals (SDGs). These include Quality Education (SDG 4), Gender Equality (SDG 5), Affordable and Clean Energy (SDG 7), Climate Action (SDG 13), and Partnership to Achieve Goals (SDG 17).

 

 

 

 

 

 

These goals served as a guide, steering the bank’s dedication towards positively impacting the lives of its stakeholders and society.

 

 

 

 

 

 

Speaking on the 2022 CSI report, Union Bank’s Chief Executive Officer, Mudassir Amray, emphasised the bank’s commitment to driving inclusive growth.

 

 

 

 

 

 

He highlighted key partnerships that helped achieve this. He said: “We firmly believe that small businesses are the engine house of economic growth. This is why we entered a $30 million partnership agreement with the International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets.

 

 

 

 

 

 

 

This partnership aims to enhance access to finance for smaller businesses in Nigeria, supporting increased trade and enabling us to expand lending to businesses in critical sectors, including food, healthcare, manufacturing, and services.”

 

 

 

 

 

 

 

Amray also highlighted the bank’s efforts in driving financial inclusion. He said: “We are also particularly proud of our financial inclusion initiatives, such as our partnership with Wacot Rice Limited, which enabled us to reach around 7,000 farmers across five Local Government Areas in Kebbi State.

 

 

 

 

 

 

Furthermore, our unwavering commitment to gender equality in lending was evident as we disbursed over 17 billion naira in loans to nearly 16,000 women in 2022.

 

 

 

 

 

 

 

 

Our vision remains resolute in building a more robust and expansive bank, underpinned by a digital-centric strategy and elevated governance standards geared toward fostering sustainable growth and contributing to Nigerian society.”

 

 

 

 

 

Also speaking about the report, Union Bank’s Chief Brand and Marketing Officer Olufunmilola Aluko highlighted the bank’s collaborative approach to sustainability and corporate responsibility.

 

 

 

 

 

 

 

She said: “Throughout the year, Union Bank has actively collaborated with partners to enhance our performance, particularly on our material issues. We aim to sustain this momentum by building on partnerships with peers and across industries to support our customers, communities, and society.

 

 

 

Our initiatives aimed at empowering underprivileged populations, promoting education, and advancing gender equality have yielded significant results, positively impacting thousands of lives and nurturing the potential of future generations.”

 

 

 

 

 

 

 

Consistent with previous editions, the 2022 report adheres to the Global Reporting Initiative (GRI) standard and aligns with the Nigerian Sustainable Banking Principles (NSBPs) and the United Nations’ Sustainable Development Goals (SDGs). This commitment underscores Union Bank’s dedication to transparency and accountability in reporting on its projects.

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Lagos Task Force dislodges Ikorodu roadside traders

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Lagos Task Force dislodges Ikorodu roadside traders

Lagos Task Force dislodges Ikorodu roadside traders

 

 

In its continuous efforts to rid the state of the menace of street trading, operatives of the Lagos Environmental Sanitation Corps and the Kick Against Indiscipline, on Tuesday, dislodged roadside traders around Aunty Kenny in the Agric area of Ikorodu.

 

 

 

Lagos Task Force dislodges Ikorodu roadside traders

 

 

 

A statement by the Lagos State Ministry of the Environment and Water Resources said the dislodgement was part of measures to sustain zero tolerance for street trading in the state.

 

 

 

 

 

 

 

It read, “Operatives from the LAGESC/KAI on Tuesday dislodged recalcitrant street traders on the kerb at Aunty Kenny Agric on lkorodu Road as part of measures to sustain the zero tolerance for street trading.”

 

 

 

 

Similar enforcements were carried out on Monday at Oshodi-Mushin Road, Ojuelegba Road, Yaba-Muritala Muhammed Way, Oyingbo under the newly constructed bridge, inner and outer Marina-CMS, Victoria lsland and Lekki areas of the state, following directives of the Commissioner in the ministry, Tokunbo Wahab.

 

 

 

 

 

 

 

According to a statement, many of the defaulters were arrested in the course of enforcement and taken to the LAGESC/KAI headquarters where they were handed over to the appropriate section for interrogation and prosecution.

 

 

 

 

 

 

The commissioner also gave directives to operatives of LAGESC/KAI and other related agencies to sustain the dislodgment and ensure that the traders do not return to the areas

 

 

@Punchng

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FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow

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FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow

FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow

 

 

 

London, 28 November 2023 — Bloomberg announced today that FirstBank UK Limited (FirstBank UK), the UK subsidiary of First Bank Nigeria Limited, the premier West African bank, has adopted Bloomberg’s Trade Order Management System (TOMS). By integrating TOMS into its workflow, FirstBank UK will have access to a comprehensive suite of data and analytics, communications, as well as order and execution management solutions, enabling it to streamline its fixed income bonds business.

 

 

 

 

 

 

FirstBank UK is a niche market-maker to its customers in Africa. The business provides market liquidity in cash bonds, primarily in Nigerian, Angolan, Egyptian and Ghanaian Eurobonds to manage risk and optimize its inventory. Thanks to Bloomberg’s coverage, TOMS enables the trading desk of FirstBank UK to support its client base and to monitor its positions, profit and loss (P&L) and Risks.

 

 

 

 

 

 

“By integrating with our existing systems, Bloomberg TOMS provides FirstBank UK with a complete end-to-end trading workflow covering African bonds in most of our home markets,” said Olukorede Adenowo, CEO-designate at FirstBank UK.“ The solution enables us to focus on expanding our footprint in the African Fixed Income landscape and deliver a first-in-kind service to our customers in Africa.”

 

 

FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow

 

 

“We are pleased to help FirstBank UK enhance operational efficiency across its enterprise with our award-winning sell-side order management solution TOMS,” said Lisa Bravo, Global Head of Sell-Side OMS at Bloomberg. “TOMS empowers firms to create a seamless workflow from their front and middle-office, through to their operations and enterprise applications, while concurrently delivering their front office users with real-time execution, risk and P&L analytics.”

FirstBank UK has further digitized its order management workflow by offering clients access to liquidity on its own Eurobond Single-Dealer Platform. The application has been integrated with Bloomberg TOMS to centralize both order handling and aggregated custom analytics and liquidity tools within a single interface, to be hosted and connected to multiple trading venues. “The integration of TOMS with our custom-built electronic trading platform, allows our customers real-time access to liquidity in our markets, something unique to the majority of our customers,” said Robert Hagenaars, Head of Markets at FirstBank UK.

For additional information about Bloomberg’s sell-side solutions, please click here.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

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Overcoming Property Ownership Fears with Adron Homes: Your Pathway to Affordable Real Estate

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Overcoming Property Ownership Fears with Adron Homes: Your Pathway to Affordable Real Estate

Overcoming Property Ownership Fears with Adron Homes: Your Pathway to Affordable Real Estate

 

Embarking on the journey to becoming a property owner can be a daunting ambition. The fears of finding reliable, secure, and affordable real estate, coupled with the worry of paying a hefty lump sum and potentially missing out on your dream home, often hold people back. However, fear not! We at Adron Homes; are strategically positioned to provide solutions to these common concerns, ensuring that your path to homeownership is smooth, secure, and affordable.

 

 

 

Many individuals hesitate to invest in property due to financial concerns, worried about the burden of a large upfront payment. We understand the financial concerns associated with property acquisition, hence our affordable payment plans which are designed to ease this burden, making your dream property within reach without compromising your financial stability.
 

 

Overcoming Property Ownership Fears with Adron Homes: Your Pathway to Affordable Real Estate

We understand that the real estate market can be unpredictable, causing concerns about the reliability and security of your investment. With over Eleven years of impact in the real estate industry, we at Adron Homes take pride in our reputation for reliability and security. With a diverse portfolio of estate locations across the country, we assure you that each property is carefully planned and developed to meet the highest standards. Your investment with us is backed by a track record of excellence, void of land disputes, land grabbers popularly known as Omo Oniles, encumbrances, and improper documentation.

Afraid of missing out on your preferred property or location due to the competitive nature of the real estate market? “We have got you covered!” Our extensive range of estate locations ensures that regardless of background, class, or occupation, everyone has options that cater to their dream. Whether you envision a home in the bustling city or a serene suburban retreat, Adron Homes has a property for you. With locations in Ibeju-Lekki, Epe, Badagry, Ede Osun, Ado Ekiti, Shimawa, Atan-Ota, Ikorodu, Shagamu, Papalanto, Ijebu Ode, Abeokuta, Ibadan, Abuja, Nasarawa, Jos and Niger, you’re sure to find the perfect place to buy land.
We understand that the intricacies of the real estate process can be overwhelming, sometimes leading to uncertainty. We recognize that the real estate journey can be complex, especially for first-time buyers. Our dedicated team of realtors is committed to guiding you through every step. Whether you prefer reaching out via social media platforms or a direct call via the contact numbers on our website, Adron Homes ensures personalized assistance, making the process transparent and accessible.
With our Lemon Friday Promo, it’s time to face your fears and take that step toward homeownership with confidence. Adron Homes is your trusted partner in making property dreams a reality. Don’t let fears hold you back – enjoy 30%, 40%, and 50% discounts on any of our landed properties across the country with 36 months, 24 months, and 12 months payment plans respectively.
Becoming a property owner is a significant milestone, and Adron Homes understands the fears that may accompany this journey. Through affordable payment plans, diverse locations, property options, and unwavering reliability, we are daily driven to alleviate these concerns. Trust us at Adron Homes to be your partner in turning the dream of homeownership into a seamless and enjoyable reality.

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