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Union Bank partners Women’s World Banking and TGI Group to Implement Digital Supplier Credit’ Solution

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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.

 

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Tinubu: My govt has created 650,000 jobs via National MSME clinics In 19 states and FCT

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President Bola Tinubu on Monday disclosed that his government has created 650,000 jobs through its National Micro, Small and Medium Enterprises (MSME) Clinics in 19 states of the Federation and the Federal Capital Territory (FCT).

Tinubu also vowed to remove all bottlenecks militating against Nigerians turning ideas and skills into successful businesses.

The President made this known via his verified X handle, @officialABAT and explained that a tailor should not need millions of naira to buy industrial machinery before she can grow her business while a food processor should not have to build a factory before producing at scale.

This, he stated, informed why the Federal Government, “under our Renewed Hope administration, is investing in shared MSME hubs through our National MSME Clinics, giving entrepreneurs access to modern equipment, reliable power and production facilities without carrying the full cost alone.”

According to Tinubu: “Today, 21 shared facilities across 19 states and the FCT are supporting businesses and an estimated 650,000 jobs. ReadPolitical News

“Nigerians do not lack ideas, skill or ambition. Too often, they lack access to the tools and infrastructure needed to turn them into successful businesses.

“Our job is to remove those barriers.

“When small businesses can produce more, at lower cost, they become more competitive. They grow. They employ more people. They create income and opportunity for Nigerian families.

“Giving Nigerian enterprise the tools to succeed is how we build prosperity from the ground up. That is the Nigeria we are building.”

 

 

 

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Experts raise alarm on Shawarma, Cancer, Kidney Disease

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Health professionals have warned that regular consumption of shawarma containing high amounts of salt, sugar, fat, seasoning and processed meat may contribute to hypertension, obesity, diabetes and kidney disease.

Excessive salt can raise blood pressure and put additional strain on the kidneys, while high-calorie sauces may contribute to weight gain.

Nutrition experts advised Nigerians to eat shawarma in moderation, use less mayonnaise and other sauces, choose lean grilled meat and add more vegetables. Consumers were also urged to check vendors’ cleanliness and avoid food prepared where ingredients are exposed to flies, dust or poor handling.

 

A recent report by experts also warned that frequent consumption of Shawarma may increase the risk of other food-borne infections and long-term health problems.

The report contains documented cases of people who suffered vomiting, diarrhoea, stomach pain and weakness after eating shawarma, with some requiring hospital treatment.

According to the report,  poor hygiene could allow bacteria and other contaminants into shawarma, causing illnesses including cholera, dysentery, typhoid and salmonellosis.

It also raised concerns about mayonnaise and creamy sauces kept without proper refrigeration and warned that poor storage could encourage bacterial growth and increase the risk of food poisoning.

A study cited in the report found bacterial contamination in ready-to-eat shawarma sold on the streets

Experts also raised concerns about processed meat such as sausage, noting that the International Agency for Research on Cancer classifies processed meat as carcinogenic to humans.

 

 

 

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Phone communication exposes married woman in the case of Abuja resident who died in a hotel

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The mystery surrounding the death of a man whose body was found by the roadside in Abuja has taken a new turn, with police tracing the case through his missing mobile phone to a married woman who allegedly spent time with him at a hotel.

The FCT Commissioner of Police, Mohammed Sanusi, disclosed this on Saturday in Abuja, saying investigators arrested Rukayat Muhammed after tracing the deceased’s final communications.

The man was found dead on August 26 along the Kubwa Expressway, near Katampe under the bridge, after his family had earlier reported him missing.

According to the police, the case initially raised suspicion of a possible “one chance” incident. Investigators, however, established that the dead man was the missing person after identifying his remains.

Sanusi said the deceased’s mobile phone was missing and had been switched off. Police investigators subsequently traced his last known communication, leading them to Rukayat, a resident of Garki Area 2.

Investigators reportedly discovered that Rukayat, who is married, was allegedly in a romantic relationship with the deceased. The police said she had saved his contact under the name “Safiyat.”

The CP said the pair had lodged at Good Samaritan Guest House on 2nd Avenue, Gwarinpa, where the man later died.

Sanusi said Rukayat allegedly discovered that the man was no longer breathing but failed to alert the police or hotel management. Instead, she allegedly took his phone and left the hotel.

The case took another turn when hotel management later discovered the man’s body inside the room after attempts to contact the occupants failed.

Rather than reporting the discovery, two hotel staff members, Ibrahim Omeiza and Kefat Bitrus, allegedly removed the body from the room and transported it to the Kubwa Expressway, where they dumped it under the Katampe bridge.

The police said the action was apparently intended to distance the hotel and its management from the death.

Sanusi said detectives were still working to establish exactly how the man died and determine the individual roles of those connected to the incident.

He warned that anyone found to have participated in the death, concealment or abandonment of the body would face prosecution.

The commissioner said the investigation remains ongoing.

 

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