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Following more than two decades of consistent investment in community development, Guaranty Trust Bank plc is taking its Corporate Social Responsibility (CSR) another step further by launching a Social Impact Challenge that will fund dozens of innovative ideas designed and executed by members of the general public.

Tagged #SimpleChangeBigImpact, the Social Impact Challenge invites individuals and groups to pitch ideas with the potential to enrich the lives of those in their community and receive funding from the Bank to execute the change.

This is the latest in a long line of CSR initiatives by GTBank, designed to foster socio-economic development across the country.

The Bank’s Adopt-a-School initiative and Football Education Programmes have helped thousands of young students excel in and outside the classroom, while its Autism advocacy has remarkably raised the social consciousness and societal support for people living with Autism and other developmental disabilities. Now, with the Social Impact Challenge, the Bank hopes to invest directly in the social infrastructure of at least 20 communities nationwide.

To participate in the Social Impact Challenge, interested person(s) are to pitch their idea in a one-minute video which they will share using the hashtag #SimpleIdeasBigImpact.

The video pitch should contain the potential of the idea, how it will be executed and the budget required to get it done. The ideas must be executable within 120 hours and will be chosen by a combination of public endorsements on social media and expert assessments by the Bank. The expert assessment will focus on the creativity, relevance, unique impact of the idea as well as the feasibility of executing the idea within the stipulated time frame.

Commenting on the Bank’s Social Impact Challenge, the Managing Director and Chief Executive Officer of GTBank, Mr Segun Agbaje, said; “We are excited to organize an initiative that will showcase not just the ingenuity and creativity of Nigerians, but also their passion for making a positive social impact in their communities. This Social Impact Challenge reflects the premium we put on innovation and collaboration and demonstrates our commitment to giving back to society.

He further stated that “As we continue to transform our institution into a platform for enriching lives, we are fully integrating Corporate Social Responsibility into our business model such that our CSR initiatives now form a core part of the normal way we go about our business.This is driven by our strong belief that building a strong business and making the world a better place are essential ingredients for long-term success.

GTBank is regarded by industry watchers as one of the best run African financial institutions across its subsidiary countries and serves as a role model within the financial service industry due to its bias for world class corporate governance standards, excellent service quality and innovation. The Bank’s footprints in Corporate Social Responsibility are guided strategically by its decision to operate on four major pillars: Education, Community Development, Arts and the Environment, which it believes are essential building blocks for the society and prerequisites for economic growth and societal development.

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Zenith Bank Dominates Trading On NSE

Gbemileke Ajayi

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Zenith International Bank on Wednesday dominated the activity chart on the nation’s bourse, accounting for 64.04 percent of the total volume of shares traded.

The News Agency of Nigeria (NAN) reports that the bank sold 288.27 million shares valued at N6.68 billion.

Consequently, investors bought and sold 450.14 million shares worth N9.39 billion achieved in 2,858 deals, representing an increase of 200.79 percent.

This was in contrast with a turnover of 149.65 million shares valued at N2.79 billion transacted in 3,063 deals on Tuesday.

Further analysis of the activity chart shows that FBN Holdings came with an exchange of N40.95 million shares worth N303.49 million.

Guaranty Trust Bank traded 33.74 million shares valued at N1.26 billion, while FCMB Group transacted 11.24 million shares worth N18.56 million.

Access Bank sold a total of 9.39 million shares valued at N74.14 million.

However, the market indices recorded marginal loss, dropping by 0.14 percent due to price depreciation.

Specifically, the All-Share Index dipped 45.73 points or 0.14 percent to close at 32,108.30 against 32,154.03 recorded on Tuesday.

Also, the market capitalization which opened at N11.738 trillion shed N16 billion or 0.14 percent to close at N11.722 trillion.

Seplat topped the losers’ chart, dropping by N2 to close at N638 per share.

Lafarge Africa trailed with a loss of N1.70 to close at N15.70, Presco declined by N1.25 to close at N64.50 per share.

Dangote Sugar Refinery depreciated by 45k to close at N13, while Guaranty Trust Bank shed 25k to close at N37.05 per share.

Conversely, Nigerian Breweries led the gainers’ table, growing by 50k to close at N81.50 per share.

Fidson followed with a gain of 40k to close at N4.90, while Redstar appreciated by 30k to close at N4.50 per share.

United Bank for Africa added 20k to close at N8, while Zenith Bank increased by 15k to close at N24 per share.

 

(NAN)

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Advertorial: Get 50% Discount On UBA Prepaid Card

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Get 50% Discount On UBA Prepaid Card

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Union Bank’s Edu360; Fostering New Collaborations and Partnerships In Education

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Union Bank recently held the first edition of its annual education fair, edu360 in Lagos, drawing stakeholders from across the education ecosystem including teachers, parents, school owners, investors, students and other key participants.

The event tagged “Investing in the Future”, took place at Harbour Point in Victoria Island and served as a platform for collaboration among the education sector stakeholders, with the goal of accelerating development and much-needed investment in the sector.

Speaking at the ceremony to mark the kick-off of the 2-day event, the Chief Executive Officer of Union Bank, Emeka Emuwa reiterated the Bank’s focus on education as a key driver of national development.

He said; “Edu360 is positioned to be the leading education platform in Nigeria, facilitating collaboration among stakeholders within the sector. We firmly believe that the private sector, working closely with the government and other stakeholders, can play a critical role in fast-tracking solutions to move the educational sector forward.

At Union Bank, we are committed to identifying sectors that are vital to shaping a better, sustainable future for Nigerians.”

The Bank’s Head of Commercial Banking, Adekunle Sonola and other members of the Board of Directors were also in attendance along with Nigeria’sfirst female Minister of Industry, Chief (Dr.) Mrs. Nike Akande; the Minister of Education, represented by the Vice Chancellor of the University of Lagos, Prof. Oluwatoyin Ogundipe and the Governor of Lagos state represented by his Special Adviser on Education, Mr. Obafela Bank-Olemoh.

While delivering the keynote address, Dr. Modupe Olateju-Adefeso, Managing Director of The Education Partnership (TEP) Centre spoke extensively on the linkages between and education and national development, drawing examples from the health sector.

Over200 teachers from government and private owned schools benefited from free training sessions as part of Union Bank’s drive to upskill the workforce of the important sector. The teachers also received free teaching aids to support their teaching efforts.

There were also digital training sessions for parents and children courtesy Google in addition to Coding and Robotics classes. The fair also featured private workshops and seminars to address sensitive issues concerning raising well-adjusted children in today’s world.

Speakers at the panel discussions included Olympic gold medallist, Enefiok Udo-Obong; award-winning actress, Bikiya Graham Douglas; Special needs advocate, Angela Emuwa; Consultant psychiatrist, Dr. Yewande Oshodi and popular Nollywood actress and Producer, Kemi ‘Lala’ Akindoju

Over 70 exhibitors and partners including Google, Lego, Sage, Nestle, Simpli Foods, as well as leading schools in and around Lagos participated in the 2-day exhibition to showcase their goods and services.

Union Bank remains committed to supporting Nigeria’s growth by identifying and investing in sectors that are vital to shaping a better, more sustainable future for generations to come.

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