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DiamondXtra Season 15: Access Bank Set to Reward Customers with N135m

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Access Bank, a leading financial institution, has announced it would reward customers N135 million in cash prizes to over 800 lucky customers in its season15 DiamondXtra campaign.

The bank also noted that in 15 years it had rewarded over 26,000 customers customers with N 6.38 billion.

The bank also emphasized that its commitment to encouraging savings and rewarding loyal customers remains unwavering, with this year’s goal aimed at reaching an even larger number of customers compared to previous years.

Speaking at the launch of DiamondXtra season 15, the Group, Head, Consumer Banking, Access Bank, Njideka Esomeju said: “DiamondXtra is one of the best things that has ever happened to banking in Nigeria, and it has transformed the lives of Nigerians who have been patronizing this special savings and reward scheme by Access Bank since 2008.”

“Since inception of the rewarding scheme, we have rewarded over 26,000 customers to the tune of over N6.38 billion and today we are here to launch the 15th season and the bank will be rewarding over 800 lucky customers with a total sum N135m.”

She added that this year’s promo would see winners emerge from different categories of rewards namely, Loyalty rewards, Regional Draws, Regional Onsite Draws, Free Digital Marketing Training and Digital Cluster Draws.

Also, she reiterated that just as the previous years in order to ensure transparency and accountability of the reward scheme, regulators from National Lottery Regulatory Commission and Federal Competition and Consumer Protection Commission are in place who monitor all the draws to ensure transparency.

Furthermore, on his part, the Regional Sales Director, Lagos Directorate Retail Bank South, Bolarinwa Animashaun echoed the process of transparency and due diligence of the draw over the years.

He said: “The process has always been transparent and that’s why through the 15 seasons, we have been working with the National Lottery Commission and the federal consumer protection agency, so it’s quite transparent. So, everyone that benefits from it, they have also revived the process.”

Also speaking at the launch, the Head of Federal Competition And Consumer Protection Commision in Lagos, Suzy Onwuka said: “I want to commend Access Bank because this is a flagship product for them and we have been monitoring it over the years. It has been transparent and over the past seasons we have not had any complaints from anyone who has won something. The commission ensures that this program is registered and also ensures that terms and conditions are favorable to the consumers as well as ensure it is adhered to.

She added: “At a time like this, we must also commend them for putting a smile on consumers’ faces.”

To join the winning train and stand a chance to win in the DiamondXra season 15, simply walk into any access Bank branch close to you or dial *901*5# , follow the prompt and deposit a minimum of N5,000. Remember, the more multiples of N5000 you save, the more you stand a high chance of winning millions in the draws.

To refresh our minds about the DiamodXtra account, it is an interest yielding hybrid account which is opened with a minimum of N5,000 and allows deposit of both cash and third-party cheques not more than N2m. Hybrid means a combination of both savings and current account features.

The DiamondXtra Season 15 campaign will also be launched officially in Abeokuta, Portharcourt, Kano, and Enugu States.

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Business

Unity Bank Posts N59.3bn in Gross Earnings, Grows Deposits by 23% in 2023 FY

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Retail lender, Unity Bank Plc posted gross earnings of N59.3 billion for the full year ended December 31, 2023, representing a growth of 3.84% year-on-year. 

In its audited financials submitted to the NGX Group Limited, the Bank also witnessed improvements across key performance indicators, including a significant appreciation of customer deposits by 23% to N402.9 billion from N327.4 billion within the period under review – an indication of sustained retail growth and customer confidence.

Other key highlights of the full-year results include the total assets which stood at N472.5 billion; net fee and income commission, N5.2 billion and an increase in interest income by 9.6% to 53.7 billion from N48.8 billion within the period.

Commenting on the result, the Managing Director/Chief Executive Officer of Unity Bank Plc, Mrs. Oluwatomi Somefun said the Bank had issued a profit alert to reflect revaluation loss arising from Naira devaluation which was due to the acute shortage of Forex that created an inclement business environment and, on the aggregate, set in an economic headwind. She noted, however, that in the full-year statement, this has bottomed out and the key performance indicators are rebounding from the low level of growth and negative trends that characterized the year.

Mrs. Somefun stated: “As we begin to see the margins being closed, it is an indication that the measures being taken to revamp all aspects of the business is being well received by the market: be it workable recapitalization plan, aggressive drive for asset creation, product innovation, or digital banking”.

“We will need to covet the improvements and further build upon it. As a corporate brand, we have a lot that is keeping us going: the positive sentiments and optimism, the growing franchise of the business and steady growth in different segments of the retail market across all the geo-political zones of Nigeria” ” she said.

She added, “We have the right indicators to reclaim lost grounds – innovating with the development and soon to be launched an omnichannel digital app to improve reliability, customer experience, support diverse products functionality which will impact earnings, income and profitability.”

The Central Bank of Nigeria (CBN) has recently approved a business combination with another innovative Bank in Nigeria, marking a significant milestone in the Bank’s growth strategy as it advances its recapitalization plans. This partnership is built on a shared vision to redefine the banking experience for our customers and will drive the transformation of the consolidated entity. By leveraging Unity Bank’s extensive branch network and strong customer relationships alongside the entity’s digital expertise and commitment to innovation, we aim to create a seamless integration of traditional and modern banking services.

Amid a review of key highlights that support the steady growth of the retail business, analysts are of the view that the Bank has continued to reflect a good outlook in terms of perception and confidence in the market, which by and large creates an entity with remarkable resilience whilst investors’ sentiments remain positive.

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PCC Extols Julius Berger for Zero Complaints

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The Public Complaints Commission has hailed construction firm Julius Berger Nigeria Plc for its compliance with regulations and its track record of zero public complaints.

The Commission’s Federal Capital Territory Commissioner, Musa Dikko, stated in a statement that the company deserves an award for its commitment to excellence in construction and labour relations.

Speaking during a courtesy visit to Julius Berger’s headquarters on Wednesday, Dikko highlighted the company’s long-standing reputation for quality and fairness.

“Our joy is that every construction done by Julius Berger Nigeria Plc is nearly perfect. I say ‘nearly’ because they say no one is perfect,” he said.

The commissioner commended the company’s approach to compensation at project sites, particularly in the FCT, noting that it ensures prompt and fair settlements.

“Each time compensation is required, my parents and our people always feel at ease because Julius Berger’s approach is different from other construction companies. This long-standing commitment has ensured that no complaints have been brought to the Public Complaints Commission regarding the company’s conduct,” Dikko added.

PCC’s State Director of Investigation, Irene Ogbogu, also lauded the company’s Corporate Social Responsibility efforts and its adherence to due process. Responding, Director of Administration, Dr Abdulaziz Kaita, reaffirmed Julius Berger’s commitment to upholding workers’ and community rights.

His words, “As a company, we have always strived to operate within legal and ethical guidelines.

“Our cooperation with the PCC has been beneficial to both parties, and we will continue to support the Commission’s mandate of protecting the rights of the people and ensuring compliance.”

Kaita emphasised that as one of the largest employers in Nigeria’s construction industry, the company remains diligent in its responsibilities.

“Being a major employer of labour requires us to be diligent in the protection of our workers and the citizens. We have internal policies that we abide by, and I can assure you that Julius Berger Nigeria Plc will ensure everything is done through due process,” he assured.

Both parties reaffirmed their commitment to strengthening public trust and fostering compliance in Nigeria’s infrastructure sector. The PCC delegation on the courtesy visit included the Chairman, Hon. Musa Dikko; State Director of Investigation, Mrs. Irene Chuka Ogbogu; Deputy Director of Investigation, Mrs. Jideri Agbese; Head of Public Relations, Mr. Emmanuel Ugboaja; Deputy Head of Public Relations, Mr. Alex Akinyele; and Information Officer, Ms. Gladys Iduku.

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Glo Intensifies Infrastructure Upgrade for Seamless Services, Connectivity

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Technology Company, Globacom, has intensified its nationwide network upgrade to provide world-class telecommunications services. This initiative which kicked off in 2024 aims to significantly enhance the overall customer experience, ensuring seamless and uninterrupted connectivity.

The upgrade involves nationwide deployment of new sites and the enhancement of existing infrastructure to deliver high-speed data and superior voice services to its expanding customer base.

In response to recent industry developments, Globacom reaffirms its commitment to building a world-class telecommunications infrastructure while maintaining competitive pricing for its voice and data services.

The network upgrade comprises holistic transformation of Globacom’s infrastructure, including entire scope of Telecoms infrastructure upgrade, from the core network to access network, transmission and IP network, fiber network, metro access and backbone infrastructure as well as passive equipment expansion like power and environment.

Recent milestones include the successful deployment of hundreds of new sites in key locations across Lagos, Ogun, Nasarawa, Rivers, Edo, Delta, Cross River, Kaduna, Kano, and Abuja. This expansion aims to boost network capacity, provide enhanced resources for subscribers, and alleviate congestion in high-traffic areas.

Furthermore, Globacom has integrated hundreds of LTE 2600 sites in strategic markets, including Lagos, Oyo, Ogun, Ondo, and Kwara, as well as select tertiary institutions. This enhancement ensures high-speed data services and prevents network congestion.

In alignment with the Federal Government’s broadband penetration initiative, Globacom has created additional data network capacity and carried out enhancements across 1,700 sites nationwide. This upgrade improves data throughput, network quality, and coverage, ultimately elevating customer satisfaction, in addition hundreds of 2G, 3G and 4G base stations have also been completed to boost coverage and enhance capacity demand across the country.

To support these expansion projects, Globacom has upgraded its Glo1 submarine cable capacity to ensure seamless access to ultra-high-speed services. This upgrade guarantees a unique calling and browsing experience on the Glo network at all times.

Globacom has also embarked on a nationwide initiative to upgrade its power and fiber infrastructure, deploying thousands of new generators and replacing thousands of kilometers of old fiber routes while laying new ones. This effort aims to create redundancy for better network availability and further enhance customer experience.

Globacom, therefore, is poised to delivering exceptional telecommunications services, empowering Nigerians to stay connected at all times.

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