Ocean News

The National Broadcasting Commission (NBC) has slammed a fine of N5 million on Channels Television for breaking the broadcasting law during an interview with the Vice-Presidential candidate of Labour party, Datti Baba-Ahmed. The sanction was communicated to the Chief Executive Officer of the television station in a letter titled “Broadcast of an Inciting Interview, A Sanction”, and signed by Balarabe Ilelah, the commission’s Director-General. It read in part ‘’The NBC monitored the broadcast of a live interview of the running mate of the Labour Party Vice presidential candidate, Dr Datti Baba-Ahmed, by the anchor of Politics Today, Seun Okibaloye, on Wednesday, March 22. Dr Baba-Ahmed said it will be unconstitutional to swear in an elected president on May 29, 2023, because of election irregularities,”  The NCC chairman stated that the interview was volatile and capable of inciting public disorder and therefore violated some sections of the broadcasting code. This, according to him...

To boost access to finance for smaller businesses in Nigeria and to support increased trade, IFC today announced a partnership with Union Bank of Nigeria Plc to help the bank expand lending to hundreds of businesses operating in critical sectors in the country, including food, healthcare, manufacturing, and services.  IFC’s $30 million loan will allow Union Bank to increase trade financing and working capital lending to Nigerian businesses, including those whose cashflows have been strained by recent disruptions in global and local markets.  “As a bank, we are deeply committed to enabling success for SMEs. We understand the critical role of small businesses in leading Nigeria’s economy towards growth. This funding from IFC will enable us to extend financial relief to our customers during this difficult time. I am confident that the funds will help these businesses harness opportunities, and preserve jobs,” said Mudassir Amray, Managing Director and Chief Executive Officer of U...

Following a six-month successful run, the second edition of Union Bank’s Save & Win Palli Promo is finally coming to an exciting conclusion. The grand finale event, which is set to hold on January 27th, 2023, at the bank’s Head Office in Marina, Lagos, will reward over 300 lucky customers with cash prizes worth over 40 million naira and other exciting consolation prizes. In addition, one lucky customer will go home with the grand prize of 5 million naira from the Save and Win promo draw, while other customers will receive other cash prizes of N105,000 and N500,000 for the last set of the monthly and quarterly draw winners. Union Bank will also reward 227 customers with 18.5 million naira in its other ongoing savings promo called UnionKorrect. The UnionKorrect regular and exclusive draws will run alongside the Save and Win Palli Promo draw on the same day. The event will be live-streamed, and participants can join virtually from anywhere in the country. Winners will be randomly sele...

Photo 1: L-R Mrs. Khadijat Iliyasu, Area Business Executive, Kebbi/Sokoto/Zamfara Union Bank; Senator Abubakar Atiku Bagudu, Governor of Kebbi State; Mr. Farouk Gumel, Board Chair, Union Bank and Chairman WACOT Rice Limited and Mr. Francis Anaemene, Regional Business Executive, North West/East Union Bank during a recent visit to WACOT Rice Mill factory in Birnin Kebbi. As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited - a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State. The Kebbi Financial Inclusion Drive (KFID) which will cover four Local Government Areas - Argungu, Augie, Suru, and Dandi - is a critical part of WACOT’s Argungu Outgrower Expansion Project funded by United States Agency for International Development (USAID) West Africa Trade Hub. This program is set to resolve the overwhelming financial inclusion deficit within rural communities in Keb...

As part of Junior Achievement Nigeria’s vision of inspiring and preparing the youth to succeed in a global economy and in alignment with Union Bank’s corporate sustainability impact strategy, the Bank in partnership with Junior Achievement Nigeria is set to implement the annual Leadership, Empowerment, Achievement and Development (LEAD) Camp for girls.  The LEAD Camp which kicks off July 25th, 2022 is a week-long programme designed to empower young girls to be high-achieving leaders in line with the United Nations Sustainable Development Goal – Gender Equality. This year’s edition which is the 21st anniversary marks the 8th year of partnership with the Bank and is the first time the camp will be held in a hybrid mode. 300 girls will be taken through activities like leadership workshops, empowerment/panel sessions covering: financial literacy, entrepreneurship, technology, creative arts and entertainment, and development sessions such as coding, understanding sexual abuse, and perso...

... Highlights Commitment to Environmental, Social Impact Leading financial institution, Union Bank, has today released the 6th edition of its annual Citizenship, Sustainability and Innovation (CSI) report, which provides an update on the bank’s initiatives across environmental, social and economic areas during 2021. Like previous editions, this year’s report highlights Union Bank’s continued efforts toward positively impacting the people and communities it serves through sustainable and responsible business practices, while also driving innovation. In 2021, the bank focused on community-led projects which directly impacted the lives of over 250,000 Nigerians in 20 communities across the six geopolitical zones of the country. These initiatives covered infrastructure support, education, health and general safety.  Speaking about the release of the report, Chief Brand and Marketing Officer, Union Bank, Ogochukwu Ekezie-Ekaidem said: “Support for our communities is a top priority for ...

Union Bank has announced the return of the Save & Win Promo, its flagship campaign aimed at rewarding new and existing customers with cash rewards and other gift items worth over N55,000,000. Following a successful first season, this second edition of the nationwide campaign which coincides with the  Bank’s 105th anniversary will benefit more customers to appreciate them for their support and loyalty over the years.  Speaking on the reason for the campaign’s rerun, Lola Cardoso, Union Bank’s Head, Retail Banking & Digital said: “Union Bank is excited for the return of our Save & Win promo. This campaign is another opportunity to give back to our customers in a way that matters while promoting the savings culture among Nigerians. As we celebrate our 105th anniversary, we remain committed to delivering products and services that enable our customers to achieve their personal and business goals.” The promo which will run from June to December 2022, is open to new and ...

Leading financial institution, Union Bank of Nigeria has received the highly acclaimed award for the Best Trade Finance Platform Initiative, at the recently concluded Middle East & Africa Banking Innovation Awards 2022. The Middle East & Africa Banking Innovation Awards, organised by The Digital Banker, is a prestigious award program designed to recognise the world’s best-in-class commercial banks - across the Middle East and African region, that blend technology and innovation, to deliver superior products and service for improved customer experience.  Speaking on the win, Mr. Peter Amadi, Head, Trade Products Union Bank, said: “We are honoured to be recognised by The Digital Banker. This award is a testament to our contribution towards the acceleration of the financial markets in the Middle East and African region. Union Bank remains committed to supporting our trade partners as we continue to deliver the highest quality transaction services and trade finance solutions to...

reiterates commitment to innovation and technological advancement in Nigeria Leading financial institution, Union Bank has launched a technological and innovation hub known as SpaceNXT. Built to promote innovation and encourage collaboration within the tech ecosystem in Nigeria, SpaceNXT is a future-forward purpose designed co-working hub for innovators, creators and techpreneurs. Located within the Union Bank Head Office in Lagos Nigeria, SpaceNXT was set up to provide an enabling environment where tech enthusiasts, visionaries and creators can converge for the propagation of new ideas. It is a launching pad for innovators to collaborate, develop and improve on ideas around digital systems and technology. Lola Cardoso, Executive Director and Head, Retail Banking and Digital, Union Bank, spoke on the benefits of SpaceNXT to the tech ecosystem. She said, “Globally, technology and innovation are key drivers of growth, and here in Nigeria, the tech community is at the forefront of our ong...