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Experts @ UBA Business Series Emphasise Discipline, Others as Tips for Wealth Management

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Financial experts have advised Small and Medium Scale Enterprises (SMEs) owners and operators on essential tips that will help them create and manage their wealth successfully especially in the tough economy and business climate.

Experts @ UBA Business Series Emphasise Discipline, Others as Tips for Wealth Management

L-r: CEO/Executive Editor, Frontier Africa Reports and  Television host, Boason Omofaye; Managing Director/CEO, United Capital Asset Management Plc, Odiri Oginni, CFA;  Head, Transaction Banking, United Bank for Africa (Plc) Osilama Idokogi;  and Recording Artist and  Founder, Mova Networks, Akitoye Balogun during the panel discussionat the UBA Business Series, tagged ‘Personal Finance: Wealth Management in Today’s Economy, organised to equip  Small and Medium Enterprises at UBA house Marina on Thursday

Speaking during the United Bank for Africa (UBA) Business Series hybrid event at the bank’s Head office in Lagos on Thursday, the financial experts and entrepreneurs noted that discipline, consistency and diversification are key requirements for wealth management.

Boason Omofaye, chief executive officer and executive editor, Frontier Africa Reports and eminent television host; Odiri Oginni, managing director/CEO, United Capital Asset Management Plc; and Akitoye ‘Ajebutter22’ Balogun, recording artist and CEO/founder of Mover Networks, were panellists at the event who spoke on the topic: ‘Personal Finance: Wealth Management in Today’s Economy’.

“As business owners, we need to see money as a tool rather than a goal. Money is a moving target, and we need to ensure discipline in our spending habits. Savings is a culture that should be imbibed, as your little savings today could help to do something big tomorrow,” Omofaye stated, as he also emphasised the need for diversification in making financial decisions.

L-r: Recording Artist and Founder, Mova Networks, Akitoye ‘Ajebutter22’ Balogun; Head, Collections Corporate and Value Chain, Ugochi Obanua Nwaukor; Group Head, Transaction Banking, Osilama Idokogi; Managing Director/CEO, United Capital Asset Management Plc, Odiri Oginni, CFA; Executive Editor, Frontier Africa Reports and Television Host, Boason Omofaye;  and Advisor to the Group Chairman of UBA, Anant Rao, during the panel discussionat the UBA Business Series, tagged ‘Personal Finance: Wealth Management in Today’s Economy, organised to equip Small and Medium Enterprises at UBA house Marina on Thursday

On her part, Oginni advised customers and business owners at the event to ensure financial independence, as she explained that building personal wealth means investing in the future.

“The best way to master discipline is just start. Do not wait till you have all the funds you need because that time may never come. Just start small, and be consistent in doing this,” she said.

Akitoye, advised business owners on the need to set goals, and ensure that they stick to the goals as much as possible.

“Even if you do not have adequate funding for your business, make sure you have a plan, having a good business plan could very well attract investors into your business,” she noted.

Together, all the speakers at the event noted that keeping abreast with current and correct information is vital for small business owners, as they pointed out that the knowledge could help business owners to guard against financial recklessness which can be a huge problem for the SMEs if not avoided.

L-r: Executive Editor, Frontier Africa Reports and Television Host, Boason Omofaye; Managing Director/CEO, United Capital Asset Management Plc, Odiri Oginni, CFA;  Recording Artist and Founder, Mova Networks, Akitoye; and Moderator, Sharon Uchunor during the panel discussion at the UBA Small Medium Enterprise (SME) Business Series, tagged ‘Personal Finance: Wealth Management in Today’s Economy, organised to equip Small and Medium Scale Enterprises, held at the UBA house Marina on Thursday

Earlier, while welcoming the panellists and participants to the event, Osilama Idokogi, head, Transaction Banking, explained that the UBA Business Series is a regular capacity building initiative organised by the bank where business leaders and entrepreneurs gather to share insights on best business practices and how entrepreneurs can build a sustainable business empire especially in Africa’s challenging business environment.

He added that in line with its promise of putting Customers’ First, the bank has consistently supported businesses with essential tips to re-examine their models and strategies as well as ensure they stay afloat and remain thriving.

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees’ group wide and serving over 35 million customers globally.

Operating in 20 African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology

 

 

 

 

 

 

 

 

 

 

 

 


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E-Financial

Unity Bank Customers Win Over N4 Million in Cashtoken Rewards Promo

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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.


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FXTM Academy Concludes Successful Event in PHC, Hosts Next Event in Lagos

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FXTM, a global online trading company is hosting an exclusive training for traders where participants can discover the strategies used by the world’s top traders to gain mastery of the market.

L-R: Oluwafumbi Ogedengbe, Specialist Client Education, FXTM Nigeria; Adaeze Uzochukwu, Education Coordinator, FXTM Nigeria; Mathew Anthony, Manager, Market Analysis, FXTM Nigeria; Destiny Ikeakanam, Education Coordinator, FXTM Nigeria and Pius Ogbu, Specialist, Client Education, FXTM Nigeria.

FXTM Academy is dedicated to helping traders and trainees achieve exceptional results in the global markets.

According to Mathew Anthony, Educator at FXTM Academy “We are a global online trading platform that offers stocks, commodities, and other financial instruments, providing traders with access to various markets, competitive pricing, and advanced trading tools.

“Our goal is to empower traders to Learn, Trade and Earn from the global markets.”

This Academy will provide free tutorials through webinars, workshops, video presentations, online courses, market analysis, insights, professional mentorship, and support.

“By offering education and training, FXTM Academy aims to help traders improve their trading skills, make informed trade decisions, and achieve their financial goals.”

Abiola Akinyele, Executive Director of FXTM Nigeria said the registration of the training has opened on the FXTM website and event will take place on the 17th of August.

He said it will be quite exciting and will provide great opportunities for participants to grow the skills to unprecedented heights and to join the ranks of the elite.


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Nova Bank Will Make Great Impact – Oduoza

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Phillips Oduoza, chairman of Nova Bank Plc, has said that the new commercial bank is poised to create jobs and make a great impact.

Nova Bank Will Make Great Impact – Oduoza

Oduoza who spoke at the launching of Nova Bank’s first branch as a national commercial bank in Lagos, said that the bank’s foray into commercial banking and upgrade to National Banking Licence were part of a long-term goal to make an impact.

He said, “We are not here just to maximise profit, but we are here as Nova to have the greatest impact in the society. And this is one of the reasons why we decided to extend to commercial banking business.

“We have been very, very successful, as testified by our customers in the wholesale banking space. And we felt it is just necessary to extend the service to the retail end of the market, which is where you will have the largest population of banking customers.

“Therefore, we want to transfer that success story to the retail end of the market. We want to impact the Nigerian economy as a whole. We want to assist in job creation, stability of the country, which Mr President has been working on. So, by going commercial, it gives us a platform for more job creation in the country.”

Governor Babajide Sanwo-Olu, who performed the ribbon cutting for the inauguration of the first branch, commended the board and management of Nova Bank for taking the decision to invest more into commercial banking not minding the various challenges and uncertainties in the economy.

He said, “We need to encourage them; we need to stay in touch with them because they have a choice.

“They could as well have remained as a nimble wholesale bank or as a merchant bank as a matter. But they felt they need to take it further, and this means they need to dip their hands into their pockets and bring additional resources that would make it possible for them to be able to compete on a larger scale.”

 

 


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