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Heritage Bank partners LAWMA for sustainable greener, cleaner Lagos…Launch Lagos Recycle Initiative

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L-R: Dike Dimiri, Regional Executive, Lagos and South West, Heritage Bank; Ibrahim Adejuwon Odumboni, Managing Director (MD) LAWMA; Titilola Docemo, Regional Manager, Lagos Island 2, Heritage Bank, during the launch of Lagos Recycle Initiative, in LAWMA’s office Lagos.

Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider has entered into strategic partnership with Lagos Waste Management Authority (LAWMA) to attain sustainable greener and cleaner Lagos.

The partnership which heralds the launch of Lagos Recycle Initiative is targeted at curbing the huge challenge of plastic pollution for better ecosystem, through recycling and waste management reward system for residents of the State.

On the path of Heritage Bank, MD/CEO, Ifie Sekibo affirmed that the collaboration was part of the move to promote the implementation of the Central Bank of Nigeria initiative on Nigeria Sustainable Banking Principle to deliver positive development effects to society and businesses.

Specifically, he stated that Heritage Bank entered into this partnership to assist the Lagos State Government and Recyclers generate employment whilst making the environment cleaner and better.

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Sekibo, who was represented by the Regional Executive, Lagos and South West, Heritage Bank, Dike Dimiri further explained, “as a bank that has been at the forefront of corporate social responsibility roles considered it key to be involved in societal development, supports the project through promoting recycling for export and domestic use, help individuals to de-plastic Lagos and get reward from the state government”.

Explaining the modalities for the reward system which will be conducted via raffle draw, he said, “Heritage Bank developed a simple payment system and presented the ‘LAWMA Recycle card’ which would allow the state government give its prizes to the aggregators and other benefits associated with the recycling project that consumers and participants of the Lagos Recycle Initiative are meant to benefit from.

“This card will be in the hands of the 6million households in Lagos, it will also form the foundation for the transmission of every payment, raffle draws that will be conducted.”

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In his welcome address, the Managing Director/CEO of LAWMA, Mr. Ibrahim Odumboni, said recycling was key in the Authority’s drive to make Lagos cleaner and livable, stressing that moving plastic materials from the Lagos waste stream would reduce the volume of waste that eventually got to dumpsites.

Odumboni said the Lagos Recycle initiative would deploy an attractive reward system, to encourage waste segregation and timely pick-up of recyclables across the state, emphasizing that residents would be rewarded for gathering their plastic items and handing them over to LAWMA accredited recyclers.

He said further that LAWMA would place recycling tools at various public facilities, for the collection of recyclables, noting that the initiative, apart from ridding the environment of plastic waste and its ugly effects, would provide jobs for thousands of unemployed people in society.

In her closing remark, the Permanent Secretary, Ministry of the Environment and Water Resources, Mrs. Belinda Odeneye, stressed that the vision of the state government was to have a cleaner, beautiful and more hygienic environment, which would be promoted by the Lagos Recycle program.

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Banking

Access Bank Shares gain N44.4 Billion In First 10 Days Of Trading

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Market capitalization moved from N300.36 billion as at the 4th of January, 2021 to N346.57 billion.
The shares of Access Bank Nigeria Plc have gained N44.4 billion since the commencement of trading at the Nigerian Stock Exchange (NSE) market on the 4th of January 2021 – 10 days of transaction.
This was uncovered by Nairametrics after tracking the performance of the shares of the bank on the floor of the NSE.
This is sequel to efforts by the group to further expand its territory and consolidate on its growth potentials, evident by its obtaining of regulatory approval to operate as a holding company and completion of the Cavmont Bank Limited deal, as reported by Nairametrics.
Nairametrics learnt that a combination of impressive financial performance by the group, evident by its 9M 2020 results, and the increased buying interest in its shares, all contributed to the upward movement of the bank’s market capitalization, from N300.36 billion to N344.79 billion, indicating a gain of 14.8% in the review period.
Things to know
Access Bank Plc had earlier reported a Profit After Tax of N102.3 billion for 9M 2020, up by 15.7%
 
At the time of this report, Access Bank Plc shares traded at N9.7, compared to an opening price of N8.45, indicating an increase of 14.8%.
 
The outstanding shares of the firm currently stand at 35,545,225,622 units.

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Access Bank Begins Dollar Payment To Beneficiaries Of Fund Transfer

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Access Bank CEO
Fund Transfer, Access Bank Plc has started nationwide payout of dollars to beneficiaries of international remittances, in response to the recent policy change by the Central Bank Nigeria (CBN).
The CBN had directed that recipients of international fund transfer can now receive their funds in cash in dollars or to have funds paid directly into their domiciliary accounts.
Executive director, retail banking, Access Bank, Victor Etuokwu, in a statement said, “As part of our promise to create value and meet the needs of our customers, we are happy to announce that our customers can now receive funds sent from the diaspora in dollars at any of our branches nationwide.
“The funds will be available as cash pick-up or direct transfer into customers’ domiciliary accounts.”
Etuokwu stated that, “the bank’s promise to deliver more than banking services is even more critical at this time as customers are looking for convenient products and services that facilitate their lifestyle and our remittance services are available to both customers and non-customers of Access bank.
“We encourage Nigerians in the diaspora to take advantage of this season of giving, to send funds home for their loved ones, who in turn can receive either by opening an Access bank domiciliary account or reactivate their inactive domiciliary account and the funds will be paid directly to their accounts or visit any of our 500 branches nationwide to receive their funds in USD cash,” he stressed.
“We maintain a strong relationship with our remittance partners, Western Union, MoneyGram, Ria, WorldRemit, Transfast, Paysend, Shift, Sendwave and other international money transfer services and we are committed to delivering excellent service to all our customers.
Access Bank, over the years, has leveraged technology including advanced analytics, cloud computing, artificial intelligence, machine learning and robotics process automation to reform business operations and drive performance to improve customer experience, he stressed.

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FirstBank Begins The Year With An Innovative, Convenient Virtual Payment Card

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First of Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider has launched the Virtual Payment card, a Naira denominated debit card and digital representation of the plastic debit card. The card is designed to be linked to either a customer’s operative account or wallet account.

 

The FirstBank Virtual Payment Card is a suitable alternative to the use of cash and cheques, with its wide-range features which  include the ability of cardholders to protect his/her card using the block and unblock capabilities; PIN Reset; Change PIN as well as view statement at one’s convenience. It also enables diaspora customers to spend from his/her FirstBank account within the spend limit advised by the bank without the need for a physical card.

The FirstBank Virtual Payment Card is a safe, convenient, and easy way of making e-commerce payments amongst other functionalities.

The Virtual Payment Card can be created via the Bank’s leading digital channels; FirstMobile or Firstmonie Wallet applications. Customers can download the card, activate the card and consummate transactions all at once from the comfort of their homes/offices. No branch visit is required. Customers are advised to update their mobile application to the latest version, then select Card Services on the FirstMobile App and My Virtual Card application to create a Virtual Card at the cost of N215 (VAT Inclusive).

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Speaking on the launch, Mr. Gbenga Shobo, Deputy Managing Director, First Bank of Nigeria Limited said ‘the launch of our Virtual Payment Card is yet another secure and seamless way we promote electronic banking, whilst enabling customers to carry-out their transactions on the web”

“The Virtual Payment Card is also designed to guard against the spread of the COVID-19 as it does not require physical interaction between the customer and FirstBank Branches. We enjoin our customers to download the application and stay ahead in modern banking,” he concluded.

 

Similarly, FirstBank recently launched the FAST Track ATM, the next generation ATM and first of its kind in Africa, designed to promote financial activities on the ATM without any form of physical interaction with the machine.

 

For more information on the Virtual Payment Card, kindly click here  for the Frequently Asked Questions (FAQs).

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