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Kuda Upgrades App with New Features for Improved Customer Experience

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Kuda has upgraded its app with new features for customers to have more access to financial products and services to enable its customers to do more including investments and UK-to-Nigeria transfers.
The newly-launched money app for Africans in Nigeria and the UK offers convenient, easy access to frictionless and affordable financial services for users as transactions can be done faster and seamlessly.
To enjoy the new service, all an existing account holder needs to do is to upgrade their Kuda App by going to the Play Store or App Store on their smartphone to download the new version of the Kuda App. Then sign in to the app with their registered email address and their old Kuda password once, then create a new password. Once this is done, the old version of the Kuda App would be disabled automatically and the upgraded version with the new features installed.
New customers can also onboard by downloading the Kuda App from Play Store or App Store and register by following the registration prompts on the App.
It is important to note that the old app will no longer be supported after January 9, 2023, so updating / downloading the new App is crucial to having continued access to the Kuda range of services. Below are some of the new features on the Kuda App. Some of these features are currently not available in the older App:
1. Investment opportunities. Users of Kuda in Nigeria can now buy stocks in some of the world’s most successful companies and rising startups at a fraction of the usual cost. In a few minutes, customers can take a step away from local inflation toward financial freedom.
2. The easiest ways to save; Kuda has made saving easier with Pockets, the improved version of its automated savings plans for Nigeria. Spend+Save, a popular feature of the Kuda app, now automatically saves a preset fraction of card payments.
3. A straightforward UK account. With a valid government-issued UK ID and proof of a UK address, anyone in the UK can open a Kuda UK account to send money to any UK bank account (and receive money) directly.
4. Transfers to Nigeria from the UK. Kuda users in the UK can also send up to £10,000 to Nigeria daily at a transaction fee of just £3, and their Nigerian beneficiaries can receive the money as a transfer or pick up cash at one of several banks in Nigeria.
With the upgraded app and added bouquet of benefits, the new milestone attained by the fintech is salutary.
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Business

Dangote Refinery Becomes First to Hit 650,000bpd Capacity of CDU and MS) Block

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The Dangote Petroleum Refinery has achieved a major operational milestone with the full restoration and optimisation of its Crude Distillation Unit (CDU) and Motor Spirit (MS) production block. Both units are now running at optimal performance, further strengthening the steady state operations of Africa’s largest oil refining facility.

Following a scheduled maintenance exercise on the CDU and MS Block, the refinery has commenced an intensive 72 hour series of performance test runs in collaboration with licensor UOP. These tests are designed to validate operational efficiency and confirm that all critical parameters meet global standards.

Chief Executive Officer, David Bird, noted that the seamless integration and strong performance of the units demonstrate the refinery’s advanced engineering and robust operational capabilities.

“Our teams have demonstrated exceptional precision and expertise in stabilising both the CDU and MS Block, and we are pleased to see them functioning at optimal efficiency. This performance testing phase enables us to validate the entire plant under real operating conditions. We are confident that the refinery remains firmly on track to deliver consistent, world class output.

This milestone underscores the strength, reliability, and engineering quality that define our operations. We remain committed to producing high quality refined products that will transform Nigeria’s energy landscape, eliminate import dependence, and position the nation as a net exporter of petroleum products.”

Bird added that the CDU and MS Block, which comprise the naphtha hydrotreater, isomerisation unit, and reformer unit, are now operating steadily at the full nameplate capacity of 650,000 barrels per day. He further confirmed that all remaining processing units will begin their respective performance test runs in Phase 2, scheduled to commence next week.

During the recent festive period, the refinery supplied between 45–50 million litres of Premium Motor Spirit (PMS) daily. With the CDU and MS Block now fully restored, the refinery is positioned to comfortably deliver up to 75 million litres of PMS to the domestic market as required.
Expressing appreciation to customers and Nigerians across the country, Bird reaffirmed the refinery’s unwavering commitment to enhancing Nigeria’s energy security while supporting industrial development, job creation, and economic diversification.

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Fidelity Bank Donates Items to Inmates of Ikoyi Correctional Centre

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Fidelity Bank Plc has donated relief items to inmates at the Ikoyi Correctional Centre in Lagos, demonstrating its unwavering commitment to enhancing the lives and wellbeing of indigent persons.
The project, executed under the bank’s Corporate Social Responsibility (CSR) initiative known as Fidelity Helping Hands Programme (FHHP), saw the bank’s Human Resources (HR) department hand over various household tools and gift items to the leadership of the correctional facility as part of its efforts to support the rehabilitation and development of indigent persons in society.
Through the FHHP, staff across Fidelity Bank branches nationwide identify crucial interventions needed in their immediate community and raise funds to execute them. The bank’s management then matches this contribution with an equal amount and disburses it for the selected project.
Speaking at the presentation ceremony, Chief Human Resources Officer, Fidelity Bank Plc, Charles Nwachukwu, reaffirmed the bank’s deep commitment to transforming lives and restoring hope. He emphasized that true progress lies not only in financial growth but in extending compassion and opportunity to those that society often overlooks.
“At Fidelity Bank, we believe that every individual deserves a second chance. Our approach to Corporate Social Responsibility is rooted in empathy, standing with communities, uplifting the vulnerable, and opening doors for brighter futures. By supporting inmates today, we are setting them on the true path of rehabilitation, empowering them to return tomorrow as productive and confident members of society.”
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Corpreneurship Challenge: Unity Bank Announces Fresh Graduates of OAU, UNN, Others As Winners

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Unity Bank Plc has announced winners in the 27th edition of its flagship Entrepreneurship Development Initiative, also known as Corpreneurship Challenge, following the conclusion of Business Pitch at the Batch C, Stream 2 edition of the National Youth Service Corps (NYSC) orientation programme held across 10 states of the federation.

Notably, Corps Members who graduated from Obafemi Awolowo University (OAU), University of Nigeria, Nsukka (UNN), The Polytechnic, Ibadan, amongst several tertiary institutions, emerged from the latest round of the Corpreneurship Challenge business pitch. Participants pitched business ideas across diverse sectors such as fashion, agribusiness, footwear production, and services.

At the Lagos State NYSC Orientation Camp, Awolumate Fawaz Babatunde, a Civil Engineering graduate of The Polytechnic, Ibadan, emerged the overall winner after pitching a fashion design business, clinching the N800,000 grand prize. Ugwoke Daniel Ifechukwu, a graduate of the University of Nigeria, Nsukka, emerged first runner-up to receive N500,000.

In Rivers State, Abdur-Razaq Sayfullah Adebola, a graduate of Obafemi Awolowo University, topped the competition at the Nonwa Gbam Tai NYSC Orientation Camp with a footwear-making business plan. Meanwhile, Olatunde Esther Funmilayo of Olabisi Onabanjo University emerged as the winner at the Kwara State NYSC Orientation Camp after impressing judges with her deodorant production and services pitch.

More winners emerged from Abuja, Niger, Adamawa, Jigawa, Plateau, Kaduna, and Delta States, further expanding the geographical reach and impact of the initiative.

Speaking on the latest edition of the programme, Mrs. Adenike Abimbola, Divisional Head, Retail, SME & E-Business at Unity Bank Plc, said the Corpreneurship Challenge continues to reflect the Bank’s commitment to youth empowerment and enterprise development.

“The Corpreneurship Challenge has been driven by our commitment to boosting entrepreneurship among young people, especially fresh graduates. At Unity Bank, we recognise that many young Nigerians possess viable business ideas but lack the initial capital and support to bring them to life. The Corpreneurship Challenge was designed to bridge that gap by providing financial backing, mentorship, and confidence to fresh graduates at a critical stage of their lives,” she said.

She added that the quality of ideas presented by corps members across states underscores the growing entrepreneurial appetite among Nigerian youths.

“What we see every edition is innovation, resilience, and a strong desire among young graduates to create value and jobs. By supporting them early, we are not only helping individuals, but also contributing to the growth of the SME ecosystem and the broader economy,” Abimbola noted.

Over the years, the Unity Bank Corpreneurship Challenge has become a key feature of the NYSC orientation programme, delivered in partnership with the NYSC Skill Acquisition and Entrepreneurship Development (SAED) initiative. Since its inception, the programme has produced 638 young entrepreneurs nationwide, offering grants of up to N300 million to help corps members kick-start or scale their businesses.

The initiative aligns with the Federal Government’s drive to promote entrepreneurship and self-employment among graduates, particularly amid the shrinking availability of white-collar jobs.

Unity Bank said it remains committed to expanding the reach of the Corpreneurship Challenge and deepening its support for young entrepreneurs as part of its broader strategy to drive financial inclusion, job creation, and sustainable economic growth.

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