The Nation Newspaper

Tag: savings culture

  • Diamond Bank promotes savings culture

    Diamond Bank has given out a new car and N59 million to  its 1,016 customers who emerged winners at the second quarterly draw of its Season 10 DiamondXtra promo to promote savings culture among Nigerians.

    The bank said the gesture is positively affecting the lives of its customers, as it enables them to pay rents, gives winners salaries for life, and also gave out education grants to various customers.

    The DiamondXtra Season 10 monthly and quarterly draws are to reward customers and give them the financial power to contribute meaningfully to the growth of the economy. With winners expected to emerge from all the geopolitical zones of the country, the bank’s Head of Consumer Banking, Karimat Tukur said at the promo held in Lagos over the weekend.

    Tukur also said the promo is an avenue for financial inclusiveness as more customers will be drawn to the savings culture. At the draws, Catherine Onwusonye, a customer in Garki, Abuja won the star prize of the quarter, the Hyundai car.

    A winner also got the education grant of N100,000 monthly salary for five years and Adedapo Adewale, Charles Ikechukwu and Vincent from Ogun, Anambra and Kano states won N1 million each as rent for a year.

    The bank’s Head, Mass Market Segment, Osita Ede, said more persons would embrace savings culture as they would see the advantage of not keeping money at home but in the banks.

    Ede said the DiamondXtra account is open to both existing and potential customers of the bank as a deposit balance of N5,000 qualifies a customer to participate in the draws while a multiple of that amount increases the customer’s chances of winning.

    The prizes for this year have been increased by 20 per cent to give more customers the opportunity to win in the monthly and quarterly draws.  “The draws scheduled for this season reaffirms Diamond Bank’s commitment to financially empower more Nigerians by spreading the draws across the six geopolitical zones throughout the four business quarters of the year,” he added.

     

  • Sterling Bank trains students on savings culture

    Sterling Bank Plc has educated students in Lagos on the importance of developing the habit of saving from a very early age as part of the 2017 World Savings Day (WSD), which was celebrated recently across the globe.

    The main focus of the programme, which was organised by banks in Nigeria at the instance of the Central Bank of Nigeria (CBN), is to increase awareness of the importance of savings as a path to financial empowerment amongst Nigerians.

    Senior officials of Sterling Bank facilitated the programme at Our Mother Mary Schools (OMMS) located in Ejigbo in the Alimosho Local Government of Lagos State with about 200 students participating in the programme. This was also replicated at Broadway Schools located in Surulere, Lagos with about 50 students in attendance.

    Mrs. Eniola Obe, regional business executive of Sterling Bank, (Ikeja and Beyond), who led the team, noted that savings could be defined in different ways: income not spent or set aside, the act or instance of cutting costs, excess income not spent, income minus consumption and money that is kept in a bank or similar financial institution.

    Obe, who was represented by Mrs. Shola Ogudiji, Branch Manager, Dopemu Branch of Sterling Bank, also explained that there are several reasons why people save money. They include the need for financial independence, unforeseen circumstances, for accommodation, to get out of debt and for retirement among others.

  • Ecobank promotes savings culture

    Ecobank Nigeria has launched a target saving promotion to encourage saving amongst Nigerians. The lender’s plan is enable savers acquire valuable assets, save for travels or save for the rainy day, which they cannot achieve in one go.

    The bank’s Head, Consumer Banking, Ayotunde Kuponiyi disclosed this fact during customer sensitization exercises in different parts of Lagos. He observed that the excitement, enquiries and patronage generated by the promo was commendable.

    According to him,  the promo is intended for customers who want to build up savings with the Bank to meet their future financial goals or execute specific desired projects, stressing that, winners will be promptly compensated as stated in the terms and agreement of the promo.

    “Ecobank has a long history of recognizing customer loyalty which is the focus of this promotion. The level of enthusiasm shown by members of the banking public is laudable. This may not be far from our history of customer reward.  People of different background, age and sex are all embracing the account. It is quite encouraging,” he said.

    Kuponiyi used the opportunity to call on those that are yet to open account with the bank to do so, because of the attendant benefits, enjoining existing customers of the Bank to also increase their savings to qualify and win in any of the numerous draws.

    The promo tagged ‘Double Your Target Savings Promo’ which commenced in August is designed to reward both new and existing customers of the bank within the six months period. It is expected to run from August 1, 2017 to January 31, 2018.

     

     

     

     

     

  • Wema Bank harps on savings culture

    Wema Bank harps on savings culture

    The Deputy Managing Director of Wema Bank Plc, Ademola Adebise, has advised the youth to imbibe budgeting and savings culture, saying, such practice will enable them achieve set life goals and financial freedom.
    Speaking at the Federal Government College (FGC), Enugu, Enugu State, to mark this year’s Financial Literacy Day, he explained that the exercise was celebrated annually in Nigeria as part of the worldwide celebration of the Global Money Week, observed in more than 135 countries.
    “Wema Bank executives were at more than 25 schools across the country to hold financial literacy sessions. They educated the children and youth about the benefits of the age-long idea of saving money in a bank rather than keeping it at home,” a statement from the bank said.
    Adebise urged the youth to learn the art of budgeting. “Budgeting helps you to distinguish between wants and needs. This way, you can set your priorities right,” he said.
    At the interactive session at FGC, Enugu, pupils mentioned things they considered as wants and others they believed were needs. Most of the students present at the event were willing to bank with the lender after learning about gains of savings.
    Wema Bank’s Zonal Manager, Uduak Afandile, answered questions related to account opening and products offered by the bank.