News
Union Bank partners Women’s World Banking and TGI Group to Implement Digital Supplier Credit’ Solution
Union Bank Plc has partnered with its parent company, TGI Group and Women’s World Banking, to introduce the ‘Digital Supplier Credit’ solution under its women’s banking proposition, αlpher.
The move is in line with the Bank’s commitment to enabling success for its customers,
The ‘Digital Supplier Credit’ solution is designed to address the financial needs of women-led small businesses in urban centres in Nigeria centres and provide access to credit for stock sustenance, replenishment, and progressive growth, along established supply lines from Fast-Moving Consumer Goods (FMCG) companies. Leveraging behavioural science and the Women’s Centred Design methodology and backed by the London Stock Exchange Group (LSEG) Foundation, this initiative aims to co-create a sustainable and scalable solution that will significantly enhance access to financial services for women entrepreneurs.
Women’s World Banking is a renowned global organisation specialising in designing and investing in financial solutions, institutions, and policy environments within emerging markets. Their focus on creating economic stability and prosperity for women, their families, and communities aligns perfectly with the objectives of the ‘Digital Supplier Credit’ solution. With an extensive network spanning 34 countries, serving more than 160 million women clients through 69 financial services providers, Women’s World Banking has consistently driven impact through scalable, market-driven solutions, gender lens private equity funds, and leadership and diversity programs.
Speaking about the partnership, Vivian Imoh-Ita, Head of Retail Banking and Digital at Union Bank, said- “We are delighted to partner with Women’s World Banking and our parent company TGI Group to launch the ‘Digital Supplier Credit’ solution. Our commitment to empowering women-led businesses remains unwavering, and we believe this initiative will have a transformative impact on the entrepreneurial landscape in urban centres. Through this collaboration, we aim to foster financial inclusion and catalyse sustainable growth for women entrepreneurs.”
Also commenting on the partnership, Ade Ashaye, Regional Head of Africa, Women’s World Banking, expressed:
“We are thrilled to partner with Union Bank and the TGI Group. Globally, 38% of all MSMEs are women-owned yet, according to the SME Finance Forum, there remains a $1.7 trillion gender credit gap. Using our sophisticated market and consumer research we will develop a solution that will not only help tens of thousands of Nigeria’s women entrepreneurs overcome barriers to accessing the vital credit they need to sustain and grow their businesses, but also stand as a model for Banks and FMCGs across Africa and the world. This is an exciting time in the development of effective, women-centered, digital financial solutions.
The Digital Supplier Credit solution reflects Union Bank’s dedication to supporting its customers and creating an inclusive business environment. With its focus set on the future, Union Bank continues to lead the way in shaping a better, more sustainable future for generations to come.
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 recognisable brand with an extensive network of over 300 branches across Nigeria.
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 JIUGBOH@unionbankng.com
About Women’s World Banking:
Women’s World Banking is dedicated to economic empowerment, through financial inclusion for the nearly one billion women in the world with no or limited access to formal financial services.
Using our sophisticated market and consumer research, we turn insights into real action to design and advocate for policy engagement, digital financial solutions, workplace leadership programs, and gender lens investing. To date, we’ve helped provide 30 million women in emerging markets – targeting 100 million by 2027 – access and use of financial products and services that are transforming women’s lives, households, businesses, and communities, and driving inclusive growth globally. Visit www.womensworldbanking.org.
News
Fubara sets January deadline for completion of creek road market project
River State Governor, Sir Siminalayi Fubara, on Tuesday, inspected the ongoing construction work at the Creek Road Market, Port Harcourt, declaring that the project will be completed by January 2027.
The new market, which is divided into three sections is designed to provide a decent and more conducive environment for traders who had for many years extended their buying and selling activities to the road due to congestion in the old market.
The governor was conducted round the project site by Architect Opiribo West, the site engineer for E.S.T Masters Construction, the firm handling the project, alongside Hon. Tonye Belgam, the State Commissioner for Special Projects.
Addressing newsmen at the end of the inspection tour, Governor Fubara explained that the reconstruction of the market was borne out of the need to provide adequate space for the traders and clear the surrounding roads of the spillover from the market.
He noted that the ongoing rehabilitation of the network of roads in the old Port Harcourt Township had been significantly hampered by the lack of a modern market, stressing that the new market will be a promise kept and part of the high-quality infrastructure and urban renewal programme of his administration.
“You are aware that we did promise our people that all the roads in town will be fixed. But we had a very serious issue because of the Creek Road section of the township roads . Because of not having adequate space to accommodate the traders in the market, they extended their activities into the road and that became a serious issue for our construction work.
“So we decided that for us to deliver a better project that would impress our people, we must, as a matter of fact, embark on building a better and more comfortable market for our people,” he said.
In a statement signed by Onwuka Nzechi, Chief Press Secretary to the Governor, Sir Fubara explained that while construction work has begun in Section A of the market, Section B is being prepared for immediate commencement of construction while Section C will require a more rigorous engineering approach because of it’s location on a borrow pit.
“As you are aware, we’ve been here once to check the activities of the contractor. Today, I’m here to see for myself the extent of work that is ongoing. And I feel very happy that they are doing a very good job.
“They just informed me that the market is divided into three sections. The section A and the section B and the section C. The A is the one we just saw here that they’ve already started from the ground. This B section is the other side which they will start soon, while the C section is the one that they discovered that it was a borrow pit.
“And you know, you can’t build on top of a borrow pit. So we had to do evacuation and filling. So I believe that once those things are done, the other part of the section of the market will also commence. They even assured me that the timeline I gave to them for January that they are going to deliver the project fully for our people to use,” he said.
Governor Fubara emphasised that the investment in a modern market is an integral part of his administration’s agenda on good governance through the delivery of legacy projects.
News
How army, police, NDLEA frustrate lives with 32 checkpoints along Onitsha-Enugu expressway
By Bonaventure Melah
Although the federal government is currently working on the Onitsha-Enugu expressway, one of the major interconnectivity roads in South East, concerns have continued to mount over the presence of over 32 checkpoints along the expressway which, observers say, are constitution serious barrier to smooth movement of persons and goods, thereby defeating the objective of reconstructing the road, in the first place.
Below is the list of the 32 security checkpoints along Onitsha- Enugu expressway:
1. Army Gate Onitsha
2. Nkwelle Junction
3. Awkuzu Junction Army
4. Awkuzu Junction FRSC
5. Dunukofia LG hqts Police
6. Enugwu-Ukwu Junction Police
7. Amawbia Junction Police
8. Unizik Junction Army
9. Mopol base Awka Junction Police
10. Prince and Princess hostel front army
11. Amansea boundary Police
12. Ugwuoba boundary Police
13. Ugwuoba bridge police team
14. Ugwuoba Junction Army
15. Ugwuoba Junction NDLEA
16. Ugwuoba Junction FRSC
17. Ugwuoba Central Army
18. Oji River Junction Army 1
19. Oji River Junction Army 2
20. Ezeagu express Army
21. Near Nkwo ezeagu Police
22. Near tiles factory Police
23. Umumba Ndiuno express Police 1
24. Umumba Ndiuno express Police 2
25. 9th Mile Checkpoint
26. Nude express (approach to ninth mile) Police
27. Ngwo express Army
28. Ngwo express anti terror squad
29. Onyeama Hill (near refuse dump) Army
30 Onyeama Hill (near coal mine) Army
31. Abakpa Interchange Police
32. Abakpa Junction FRSC.
Note: A traveller moving just 105 KM from Onitsha to Enugu will endure will have to endure this nightmare. A journey that should ordinarily take about 40 mins therefore ends within 3 hours.
Approximately, it stands at a ratio of one checkpoint after every 3.7 km. This is in addition to heavy extortion motorists face from the security operatives stationed at the checkpoints.
Source: Dr Amaka Oforbuike.
News
42 die in Chad ethnic clash over water well
42 people have been killed in fighting between ethnic groups in the east of Chad, a government official said Sunday.
Government delegate said the clashes Saturday in the sub-prefecture of Guereda in Wadi Fira province began as a dispute over a water well.
Several ministers, senior local officials, and the military’s chief of staff were dispatched to the scene on Sunday.
“The situation is under control and remains so,” Limane Mahamat, Deputy Prime Minister in charge of Territorial Administration and Decentralisation, said on the state broadcaster.
For several years, eastern Chad has been plagued by conflicts between farmers and nomadic Arab herders. Tensions have been exacerbated by refugees fleeing fighting in neighbouring Sudan.
Conflicts over farm and grazing land have caused more than a thousand deaths and 2,000 injuries between 2021 and 2024, according to estimates by the NGO International Crisis Group.
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