Connect with us

Business

Unity Bank Customers Win Over N4 Million in Cashtoken Rewards Promo

Published

on

Unity Bank Records N38.2 Billion Gross Earnings in Q3’23

Unity Bank Customers Win Over N4 Million in Cashtoken Rewards Promo

 

 

Unity Bank customers have claimed over N4 million in cash rewards in its ongoing loyalty programme recently rolled out with Cashtoken, a Cash Reward-as-a-Service company.

The winners included no fewer than 40 customers who adopted and transacted on the Bank’s digital banking platforms, including the UniFi mobile banking application, the *7799# USSD platform or activated their Unity Bank Verve Card to transact on e-payment terminals across Nigeria.

Beginning from onboarding in our customer lifecycle journey, the Unity Bank Cashtoken Partnership commenced as a loyalty and reward scheme to reinforce the benefits of e-banking platforms. To begin, Customer transactions earn cash tokens, which are then redeemed to qualify for the monthly Cashtoken Rewards draw. Consequently, winners emerge from the draws to claim the cash prizes.

Recall that the retail lender announced the ongoing Cashtoken Rewards loyalty programme in December 2023 in partnership with Cashtoken Rewards Africa to empower customers and improve customer satisfaction. The partnership with Cashtoken Rewards also provided an opportunity for the Bank to migrate customers—old and new—to a platform that will continually create exciting rewards and appreciation for loyalty.

Eghomware Iyamu, Unity Bank’s Head of E-Business, commenting on the success of the Cashtoken Rewards loyalty program, stated: “We are excited to see our customers win over N4 million in cash rewards through our partnership with Cashtoken. This initiative demonstrates our commitment to recognizing and rewarding the loyalty of our customers”.

“By leveraging our digital banking platforms, including the Unifi mobile banking application and the *7799# USSD platform, we are not only enhancing customer experience but also providing life-changing opportunities. The Cashtoken Rewards program is a testament to our dedication to improving customer satisfaction and creating meaningful rewards along our customer lifecycle journey. We look forward to seeing more of our customers benefit from this exciting program as we continue to innovate and deliver exceptional value to them.”

Unity Bank has robust electronic banking products which include mobile and digital banking channels, including ATM, PoS, or any digital payment channels which support retail product transactions across the country. New-to-Bank customers are invited to open a Unity Bank account, onboard onto the digital platforms and begin transacting on the various platforms to earn cash token rewards and cash prizes while existing customers are encouraged to onboard and transact to win even more rewards and cash prizes.

 

Continue Reading
Advertisement

Business

BUA Foods Achieves Record-Breaking Growth: Revenue Soars 109% to ₦1.53 Trillion in FY 2024

Published

on

BUA Foods Achieves Record-Breaking Growth: Revenue Soars 109% to ₦1.53 Trillion in FY 2024

BUA Foods Achieves Record-Breaking Growth: Revenue Soars 109% to ₦1.53 Trillion in FY 2024

 

BUA Foods Plc, a leading name in Nigeria’s food manufacturing industry, has delivered an impressive financial performance for the fiscal year 2024, showcasing substantial growth across all key metrics. The company’s relentless pursuit of innovation and efficiency has solidified its leadership position in the market.

 

Founder and Chairman, Abdul Samad Rabiu, CON, attributed this success to strategic investments and operational excellence. “Our exceptional growth in 2024 underscores our commitment to ensuring food security in Africa. We remain focused on sustainable growth and delivering superior value to our stakeholders.”

Key Financial Milestones:

Revenue: ₦1.53 trillion (+109.3%)
Gross Profit: ₦541.71 billion (+107.9%)
Profit After Tax: ₦274.95 billion (+145.3%)
Earnings Per Share: ₦15.27 (+145.3%)
EBITDA: ₦499.4 billion (+131.5%)
The company recorded impressive growth across its product categories, with sugar sales rising 74% to ₦733.8 billion, flour sales surging 172% to ₦589.5 billion, and pasta sales increasing 125% to ₦197.6 billion.

Engr. (Dr.) Ayodele Abioye, Managing Director of BUA Foods, highlighted the company’s resilience amidst macroeconomic challenges. “Our expansion strategy and operational excellence have driven strong growth and positioned us for future success.”

With a clear roadmap for expansion and a commitment to innovation, BUA Foods is well-poised to continue delivering sustainable value while addressing Africa’s evolving food security challenges.

Continue Reading

Business

BUA, NNPC Gas Marketing Ltd commence development of a 700TPD, 45mmscf Mini-LNG Plant with Ground-breaking in Ajaokuta

Published

on

BUA, NNPC Gas Marketing Ltd commence development of a 700TPD, 45mmscf Mini-LNG Plant with Ground-breaking in Ajaokuta

BUA, NNPC Gas Marketing Ltd commence development of a 700TPD, 45mmscf Mini-LNG Plant
with Ground-breaking in Ajaokuta

 

Kogi State, January 30, 2025 – BUA, one of Africa’s largest infrastructure, manufacturing and mining companies, has commenced the development of a 700-ton-per-day (700TPD), 45mmscf Mini-LNG Plant with a ground-breaking ceremony held today in Ajaokuta, Kogi State. In attendance at the event was Founder/Executive Chairman of BUA Group, Abdul Samad Rabiu; Kogi State Governor, H.E. Ahmed Usman Ododo; Minister of State for Petroleum Resources (Gas), Hon. Ekperipe Ekpo; NNPC Board Chairman, Chief Pius Akinyelure; GCEO NNPC, Mele Kyari; Authority Executive of NMDPRA, Engr Farook Ahmed and other eminent dignitaries including various stakeholders.

 

 

Speaking at the event, the Founder/Executive Chairman of BUA Group, Abdul Samad Rabiu, said in his speech: “This BUA LNG plant, which we are constructing in partnership with NNPC, is a major step towards ensuring energy security for Nigeria. Upon completion, it will ensure that BUA’s captive power plants are provided with much-needed gas with limited supply downtime, thus enhancing our production and manufacturing capacity while positioning BUA to be fully integrated into the value chain of our energy supply operations”.

BUA, NNPC Gas Marketing Ltd commence development of a 700TPD, 45mmscf Mini-LNG Plant
with Ground-breaking in Ajaokuta

He further stated that the project is a win-win for Nigeria and is in line with President Bola Tinubu’s vision of promoting gas usage for cleaner energy. NNPC will provide critical gas feedstock for a 10% stake in the plant, and BUA will provide 100% financing while driving execution. This is a testament that public-private partnerships under the right government policies can deliver transformative results.

 

The BUA LNG plant will ensure cost efficiency, supply stability, and sustainability for our operations while reinforcing Nigeria’s industrial future. Covering a land area of about 16 hectares, it will primarily serve BUA’s captive power plants across its manufacturing businesses and provide gas for other uses across Nigeria.

In his speech, the GCEO of NNPC, Mele K. Kyari, stated that it is rightly timed to have these five mini-LNG plants in Kogi State, of which BUA LNG is one. This is considering its strategic location at the crossroads of Nigeria’s North and South, in Ajaokuta, Kogi State. This will provide easy access to the Eastern and Northern parts of the country.

The project’s signing ceremony, which took place within the week at NGML headquarters in Abuja, was attended by BUA’s Group Executive Director, Kabiru Rabiu, Chief Legal Officer, Oluseye Alayande, and NGML’s leadership team, led by its Managing Director, Justin Ezeala.

Continue Reading

Business

Access Bank to Host Pioneering Africa Trade Conference in Cape Town

Published

on

Access Bank to Host Pioneering Africa Trade Conference in Cape Town

Access Bank to Host Pioneering Africa Trade Conference in Cape Town

 

Cape Town, South Africa – January 29, 2025: Access Bank PLC is set to host its first-ever Africa Trade Conference (ATC), a landmark event focused on advancing Africa’s economic transformation under the theme, ‘Empowering Africa Through Trade, Innovation, and Sustainable Growth’. Scheduled for March 12, 2025, in Cape Town, South Africa, the conference is poised to bring together the most influential voices in trade, finance, and policy to address the future of commerce across the continent.

 

Access Bank to Host Pioneering Africa Trade Conference in Cape Town

With Africa’s trade finance gap estimated at $81 billion annually, the conference aims to tackle the systemic challenges hindering trade, particularly for SMEs and domestic firms. By fostering collaboration among key stakeholders, the Conference will explore innovative solutions, sustainable trade practices, and strategies for expanding African economies into global value chains.

Roosevelt Ogbonna, Group Managing Director/Chief Executive Officer, Access Bank PLC, emphasised the importance of the Africa Trade Conference, in addressing these pressing issues. “The Africa Trade Conference represents a crucial step in redefining Africa’s trade potential. By creating platforms for dialogue, innovation, and actionable solutions, Access Bank is enabling African businesses to connect and thrive in the global economy.”

Access Bank’s presence across 24 countries globally, including 16 in Africa, provides a unique advantage in facilitating inter- and intra-African trade. The Bank’s growing network positions it as a key player in addressing trade complexities and promoting inclusive growth across the continent.

Seyi Kumapayi, Executive Director, African Subsidiaries, Access Bank, highlighted the broader vision of the forum, saying, “The Africa Trade Conference is a platform to not only address Africa’s trade challenges, but to champion the continent’s opportunities. Through strategic partnerships, tailored financial solutions, built on the ethos of sustainability, we are paving the way for Africa’s businesses to take their place on the global stage.”

This flagship event will convene a distinguished line-up of seasoned speakers, and top executives from leading international banks, Development Finance Institutions (DFIs), and captains of industry in Africa.

The ATC will also shine a spotlight on the transformative potential of the Africa Continental Free Trade Area (AfCFTA), which aims to reduce trade barriers, enhance infrastructure, and integrate African economies into global trade networks. Furthermore, the event will explore critical themes shaping the continent’s economic future, including the transformative role of digitisation and innovation in global trade, solutions for overcoming trade barriers to enhance market access, as well as sustainable trade practices and innovative financing models, thereby providing a comprehensive roadmap for advancing Africa’s position in global commerce. Please visit https://africatradeconference.accessbankplc.com/ for more information.

Continue Reading

Cover Of The Week

Trending