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Poised by a desire to partner and create wealth for their individual customers, the Heritage Bank took advantage of the occasion of the customers’ service/appreciation week to organise a business fair that showcases and celebrates the business activities of their various customers.

The fair which took place at 12 Ligali Ayorinde Street, Victoria Island, last Sunday and Monday, saw various entrepreneurial clientele of the bank displaying their products and services to potential customers.

Just as was obtainable in trade fairs, products were reasonably cheap as they were sold at much discounted prices and prospective shoppers also used the occasion to obtain the contact addresses of sellers.

The event was strategically kick started on Sunday, a work free day, to enable customers alongside their family and friends hang out at the fair.

In her welcome address, the Executive Director, South Bank, AdaezeUdensi disclosed that at Heritage Bank, they are poised to collaborate with their customers to grow their businesses into generational conglomerate.

“Our desire is for Nigerian businesses to be listed on the stock exchange and eventually become global brands and household names. We believe that businesses like yours are the backbone of the economy because you create jobs and play a huge role in moving our country out of this present recession. I encourage you to rise up to this challenge facing every Nigerian entrepreneur and make our economy vibrant again.”

She stated that the Heritage Bank business fair is where new deals are brokered and partnerships initiated. ‘It is the place to connect’ she said.

According to her, a contact at the fair could lead to a business opportunity tomorrow and shoppers in turn will appreciate the vendors home grown businesses and in turn, the vendors would learn more innovative ways to meet their needs. ‘That is why we have created a platform like this, to propel a network of fast growing businesses’.

“Seize this opportunity, network with other vendors that are present, engage our SME consultants at the mini-bank and let us be your guide on the path to global recognition.”

Collaborating the Udensi’s speech was the Executive Director, Abuja & North Bank, Ola Olabinjo who hinted that the business fair being organised by the bank is a sure foundation of taking Nigeria’s economy out of recession.

The Abuja North Bank ED remarked that because small businesses are the foundation of every economy, at Heritage Bank, they are more than every ready to ensure that they support them.

“It is not the size of the balance sheet of the bank that grows an economy, but the patriotism of the bank and the small businesses and we are determined to go the long walk with you.”

Full of life and ensuring orderliness at the fair was the Group Head, Customer Experience and Analytics, KikanyaAkpenyi who declared to Independent that she is happy and could only thank God that the D-day has finally come and that the vendors responses to the invitation was fantastic.

“This is the second edition, during the first one, of course, we were still testing the water so, a lot of the planning was a bit rushed. However, this time around, we had much time to plan and that is why we were able to get a bigger space in terms of a more vantage location that would be accessible to a lot of people.”

Akpenyi indicated that the success of the event was hinged on the feedback gotten from the previous edition, leading to more people wanting to be a part of it.

“So, it took a lot of works, getting the vendors, collecting their logos and promotional materials for them. And of course, on our part, trying to put the word out there and then getting all these to happen. About two months of preparation, checking prices, comparing locations and then, we are here today.

“I am excited and happy, I am thankful for the team I have, it couldn’t have happened with just me. Team work is actually the success factor here. So, everyone has put in his and her best. We also got very good support from our management.”

Despite being organized just for the Lagos entrepreneurs, there were also vendors from outside Lagos that graced the occasion and the bank welcomed them with open arm.

The event which was open to all retail segments of Heritage Bank’s clients, according to the organizers, is hoped to be taken beyond the Island, to other metropolitan cities across the country.

“It is all about giving back to our customers, finding ways to support them, as well as appreciating them for their patronage. We are open to feedback as we get the feedback and clamour to do more, we can always adjust.”

Even though plans were made for 50 booths and five extra, the entire 55 booths were booked and occupied by vendors of various products and services who had their sales reps distributing fliers to customers.

BUSINESS

Access Bank Celebrates Recognition Of Tracy Batta As Forbes Africa’s 2020 30 Under 30

Gbemileke Ajayi

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Helping female businesses grow through discounted access to finance is one of the many unique value propositions under the Access Bank’s W Initiative. Tracy Batta, co-founder, SmoothieExpress and a W Power Loan beneficiary recently emerged on Forbes Africa’s 30 under 30 lists.

Tracy Batta co-owns Smoothie Express, a healthy focused brand known for providing consumers with healthy fast foods. Prior to her recognition under the 2020 class of Forbes Africa’s 30 under 30, Tracy was recognized under Business Day’s Top100 Fastest Growing SMEs. She has since grown to become a household name in Lagos.

Since its launch in 2018, the W Power loan has impacted the businesses of growing female entrepreneurs with N14bn for expansion whilst seeking opportunities and exposure to the global market.

Speaking on the impact of the W Power Loan on female-owned businesses, Ada Udechukwu, Head, Women Banking at Access Bank says, “Ensuring access to affordable finance for SMEs and opportunities to access new markets is an integral part of Access Bank’s economic ecosystem for SMEs. Since the introduction of the W Power Loan, more women can now sit at the helm of entrepreneurial affairs and grow their businesses to be internationally recognized.  We strengthen female-owned SMEs in Nigeria by being a pillar for them to lean on for growth and expansion”.

Access Bank’s support for female-owned home-grown businesses is undeniable and this is evident in the resultant benefits from its discounted financing initiative, The W Power Loan.

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BUSINESS

Access Bank W-Initiative Welcomes New Babies Through Health Financing Scheme

Gbemileke Ajayi

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Access Bank adds another feather to its cap through the women market program, The W Initiative Maternal Health Service Support (MHSS) scheme.

The W Initiative is happy to welcome the birth of two new babies to the couples who accessed the MHSS financing for their IVF (In-Vitro Fertilization) procedure having waited several years.

Since 2014, The W Initiative through its MHSS health financing program has supported the advancement of Assisted Reproductive Technology (ART)  to enable couples to access fertility treatment such as IVF.

Having successfully financed hundreds of procedures including fertility treatments, child delivery, fibroid treatments, surrogacy, bone marrow transplant, and other specialized procedures, The W Initiative remains ever committed to supporting more women and families by restoring hope and saving lives through its health financing scheme.

Women interested in accessing this health financing solution from the Bank can go through their service touchpoints- www.thewcommunity.com, or send a direct email to [email protected] or call 01-2273005

 

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BUSINESS

Heritage Bank-Dukia Gold To Boost Nigeria’s 200mn Ounces Of Gold Potential Reserves —- FG

Gbemileke Ajayi

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The Federal Government of Nigeria has commended Heritage Bank for being part of a valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Ltd, saying such partnership stands to create new opportunities for Nigeria to grow its potential reserves of 200 million ounces of gold.

The Vice President, Yemi Osinbajo, disclosed this during a Zoom- meet & chat session, a virtual platform at the launch of nationwide Dukia-Heritage Bank Gold & Precious Metals Buying Centres held yesterday

He affirmed that the launch of this expansive project between Heritage Bank and Dukia Gold would enable Nigeria to mine reserves properly, trade responsibly, refine locally and boost the nation’s foreign reserves.

He stated, “What we are looking at here is an extremely valuable new source of trade, jobs and foreign exchange.

“This project will create primary employment for local artisanal miners and mining cooperatives, and across the solid minerals value chain. Off-take agreements between Dukia Gold and local mining communities and owners of recyclable gold will be a useful provider of jobs in our post-COVID economy.

“The positive multiplier is expected to extend even further than this as the Dukia Gold project will also encourage the emergence of smaller-scale mining companies who, for the first time, will now have a transparent and welcoming market for their mined gold and precious metals. This is set to create jobs and unleashes the economic potential of mining communities.”

Osinbajo further counted the enormous benefits of the project, “This provides a sustainable way for Nigerians to exchange their gold jewellery and other precious items for cash. This system of exchange not only helps encourage a culture of recycling but will also serve as a complementary source for the raw materials needed for the Dukia Gold & Precious Metals Refining Company. These buying centres will also enable the responsible management of some of the electronic waste.”

Meanwhile, the project would further drive the diversification of the nation’s economy, Heritage Bank Plc, Dukia Gold which has given birth to new gold and precious metal market that will grow the mining industry’s contribution to gross domestic products to over 10% by 2026.

Records have shown that the growth of mining production at the end of 2019 in Nigeria was 0.1% and the sector still contributes less than 0.5% of GDP compared to other African economies who are strong in mining like Botswana (38%), Democratic Republic of Congo (25%), South Africa (18%), Zambia (18%), Guinea (12%) and Ghana (7%).

However, the MD/CEO of Heritage Bank Plc, Ifie Sekibo stated that the partnership that would boost the mining industry production has given birth to a new market, a platform that will contribute immensely to the transformation of Nigeria’s economy.

According to him, the operationalization of this initiative aligns with the overall Economic Transformation Agenda of the Federal Government of Nigeria especially as it relates to the full stream diversification of the Nigerian economy, job and wealth creation, development of the solid mineral space amongst others.

Sekibo affirmed, “It is our belief that as the economy of Nigeria is being recalibrated, given the impact of the global pandemic, the government’s committed aspiration to build a robust and resilient economy will be further enhanced through the operationalization of this initiative working with all stakeholders across States and Government Parastatals, the Central Bank, Private Sector and other international actors towards the development of the solid minerals sector and its appendages.”

He explained that this would enhance a regulated market that would see precious metals and other commodities take centre stage in the endeavour to ensuring irreversible economic growth and development in alliance with a modernized Exchange for commodities trading in Nigeria.

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