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UBA Launches United Arab Emirates, Dubai-DIFC Branch

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UBA Launches United Arab Emirates Dubai-DIFC Branch

…expanded footprint to the United Arab Emirates now with UBA Dubai – DIFC

…now 24 countries, four continents

Olushola Okunlade Writes This storyline must not be duplicated in any medium or news blog

The United Bank for Africa, (UBA) launched the United Arab Emirates (UAE), UBA Dubai – DIFC branch on Thursday, July 14, 2022.

United Bank for Africa Plc, UBA is a Multinational pan-African financial services group headquartered in Lagos and known as Africa’s Global Bank. Now has subsidiaries in 20 African countries and offices in London, Paris, New York, and Dubai.

In December 2021, UBA received its banking license to commence operations in the United Arab Emirates (UAE). The Nigerian tier-1 bank is extending its operations to the oil-rich Middle East country with the official launch of its new branch at the Dubai International Financial Centre (DIFC) in Dubai.

On Thursday, the bank took a step further as Africa’s Global Bank in connecting Africa to the world with the official ribbon cutting and launch of UBA Dubai – DIFC.

UBA Launches United Arab Emirates Dubai-DIFC Branch
UBA Launches United Arab Emirates Dubai-DIFC Branch

This historical milestone is a testament to our vision to remain Africa’s number one financial institution committed to advancing the cause of Africa on the global stage.

The bank in its statement said “the birth of UBA Dubai – DIFC “ is in line with our vision: global in outlook and competence, African by heart and knowledge, and a bridge to the world economy. Over the years, the Gulf, especially the UAE has become an important hub for global trade and also a trade gateway for Africa.

UBA Dubai – DIFC will serve our customers across the Middle East with a core focus on correspondent banking, trade & Treasury, whilst harnessing the opportunities the region has to offer to unlock our untapped economic potential and support the next phase of our continent’s development.

Speaking about the unveiling of the new branch, Tony Elumelu, Group Chairman, United Bank for Africa, said what started as an ambitious dream is today a reality as the bank has expanded its operations beyond Africa, the United States, and Europe to the United Arab Emirates. He tweeted, “Dubai’s strategic position as a thriving global trade hub at the intersection of Asia, Europe, and Africa makes it an ideal market for our 35 million+ customers to leverage their businesses and boost their global footprint.”

In attendance at the event to mark this was the Chief Executive Officer, Dubai International Financial Centre (DIFC) Authority, Mr. Arif Amiri; UBA Group Chairman, Tony O. Elumelu, CON, GMD/CEO Kennedy Uzoka, Board of Directors, Executive Management, the CEO of the UBA Dubai – DIFC – Vikrant Bhansali, CFA, and other esteemed guests.


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Fidelity Bank Announces 2nd Edition Of Fidelity International Trade And Creative Connect (FITCC)

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Fidelity Bank Records Stellar Performance in FY 2022

…takes trade expo to Houston, Texas, USA in October 2023

By Moninuola Sulaiman

Building on the resounding success of the maiden edition of the Fidelity International Trade and Creative Connect (FITCC) in London, UK last November, leading financial institution, Fidelity Bank Plc, has announced plans to host the second edition of the trade expo in Houston, Texas in the United States of America.

 

Tagged FITCC Houston, the event would hold on Wednesday, 18th, and Thursday, 19th October 2023 at the George R. Brown Convention Center, 1001 Avenida de las Americas, Houston, Texas 77010.

 

Situating the critical role FITCC plays in the bank’s export trade strategy, the Managing Director/Chief Executive Officer, Fidelity Bank Plc, Nneka Onyeali-Ikpe stated that, “Fidelity Bank is very much invested in supporting export trade and has consistently demonstrated this by the interventions and innovations that we bring to the space. Beyond the instrument of financing, some of our key interventions in the space revolve around business management capacity development with initiatives like the Export Management Programme (EMP) which we host in partnership with the Lagos Business School and the Nigerian Export Promotion Council (NEPC) and market access development initiatives like FITCC.”

 

To promote Nigeria’s non-oil exports and facilitate integrations to global supply-chain networks, FITCC Houston will host leading businesses, entrepreneurs, investors, and regulators operating in the commodity, service, creative, fashion, and FinTech sectors in Nigeria and the United States. The participants would explore partnership, co-creation, and foreign direct investment opportunities.

 

Participating businesses will benefit from curated market access engagements, investment and partnership opportunities, extended brand exposure before a global audience as well as speaking and networking opportunities amongst a long list of benefits in FITCC Houston.

 

Interested businesses and participants are encouraged to register for the conference at www.fidelitybank.ng/fitcc.

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Stanbic IBTC Bank Updates Its Woman-Owned Account To include Male Signatory

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assured them of the firm’s unwavering commitment to providing the best custodial services

Rashidat Okunlade Writes

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC and a leading financial institution in Nigeria, is thrilled to announce that its woman-owned business account, Blue Blossom account, can now be opened by female business owners who have male signatories.

This initiative is intended to foster gender equality while bolstering women’s financial empowerment and inclusion.

The Blue Blossom business account caters to the needs of women entrepreneurs and business owners throughout Nigeria. It offers them a remarkable opportunity to open and manage a business account with the added convenience of a designated male signatory. By implementing this unique feature, Stanbic IBTC Bank is taking bold steps to bridge the gender gap and promote equal representation in the business landscape.

The woman-owned account brings an array of exceptional benefits to its holders. One of its standout features is a zero-maintenance fee, providing cost-effective solutions that empower women to nurture their businesses efficiently. The account also includes complimentary online banking services, allowing holders to manage their finances and conduct transactions anytime, anywhere, conveniently.

Recognizing the crucial role of support networks in fostering women-owned businesses, Stanbic IBTC Bank has formed strategic partnerships with various esteemed business development agencies and organizations. Through these alliances, the bank aims to provide women entrepreneurs with valuable resources, mentorship programs, and networking opportunities, propelling their enterprises toward tremendous success.

“We are thrilled to unveil an account that enables women entrepreneurs to take charge of their finances and drive the growth of their businesses,” expressed Olajumoke Bello, Head, Enterprise Banking, at Stanbic IBTC Bank.

According to Olajumoke, “Stanbic IBTC remains resolute in its commitment to promoting financial inclusion and gender equality. The woman-owned account epitomizes our dedication to these values and shows our relentless support for women entrepreneurs.”

By introducing the woman-owned account, Stanbic IBTC Bank reaffirms its ongoing efforts to support women-owned businesses, foster gender equality, and stimulate economic growth across Nigeria. As a frontrunner in the financial sector, the bank is steadfast in its mission to deliver tailored financial solutions that address the unique challenges and aspirations of women entrepreneurs and business owners, ultimately empowering them to realize their full potential and achieve their business goals.

In a rapidly evolving world where inclusivity and equal opportunities are paramount, Stanbic IBTC Bank remains at the forefront, pioneering initiatives that break barriers and create a level playing field for women in business. The woman-owned account is just one of the bank’s innovative initiatives, embodying their unwavering commitment to shaping a future where women entrepreneurs can thrive and contribute significantly to the Nigerian economy.

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NUBIFIE Picketing: Polaris Bank Restates Commitment To Staff Welfare

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Polaris Bank Commences Phase IV Breast Cancer Screening Exercise For Staff, Customers

By Moninuola Sulaiman

Polaris Bank has clarified that she did not violate any law in a recent disengagement of some staff which it said was done in line with the terms of the contract guiding their engagements

The Bank was reacting to a report of the picketing of its headquarters by NUBIFIE this morning by a section of the media.

The Bank disclosed that it has engaged and will continue to engage the union to resolve any lingering labour matters.

The Bank emphasized that a cordial relationship has existed between her and the union over the years and believes that concerns raised by either party can be effectively addressed through dialogue.

Polaris Bank remains committed to fostering a harmonious working relationship and ensuring the well-being of its employees.

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