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Heritage Bank Plc has continued to take the lead in empowering youths to become entrepreneurs, which is amongst others is geared to creating jobs and distributing wealth across the Nigerian economy.

Recently, Heritage bank made a “measured” entry into financing and empowering youths with the N3billion Youth Innovative Entrepreneurship Development Programme fund by the Central Bank of Nigeria, with the active participation of the National Youth Service Corps and the bank as the sole financial institution and operating vehicle for the disbursement of funds to approved beneficiaries.

The bank in a statement made available by the Group Head, Corporate Communications, Fela Ibidapo, hinted that the major objectives of the scheme was to provide a sustainable mechanism to stimulate employment, contribute to the non-oil Gross Domestic Product (GDP) as well as address the challenge of youth restiveness in the country.

According to him, it is pertinent to state that this programme is one that will run in phases and not a one-off arrangement. Again, because revolving credit is involved, it requires a painstaking process to ensure that the three institutions and beneficiaries achieve their respective objectives, which converge essentially to making soft credit available to young people and helping them translate their credible business ideas into sustainable wealth creation endeavours that are capable of generating further employment to others.

Meanwhile, he explained that the first batch of the 310 successful businesses have been approved by the CBN, as they are expected to benefit from N774million as part of the N3billion earmarked under the YIEDP.

A breakdown of the fund disbursed so far showed that only 94 successful beneficiaries who met the stipulated requirements received N251million. 191 of 310 beneficiaries yet to pick up their letters as a pre-condition were yet to assess the funds totalling N473million and 25 chose to drop out of the scheme, which amount to N54million.

On the conditions for the loans, he noted that the beneficiaries to drawn from the funds which have been deposited into their accounts they must meet the stipulated requirements amongst others; “serving youth corps member, non-NYSC (not more than 5 years post NYSC), submission of completed HB PLC -CBN CRMS Detail form (Individual), Business Registration Certification or Certificate of Incorporation, application letter.”

Ibidapo, who affirmed that the programme would have a multiplier effect on job creation and economy, urged all the beneficiaries to make judicious use of the fund.

He added that the YIEDP has the potential of becoming the stimulus for job and wealth creation, growth and economic development through improved access to finance for young entrepreneurs.

He also assured the bank would continue to provide enabling environment, devise ways and means to support the youths towards a self-reliant economy.

BIG STORY

Zenith Bank Rewards Customers With Massive Giveaways In ‘Zenith BETA LIFE’ Promo [DETAILS]

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Zenith Bank Plc, Nigeria’s leading financial institution, has commenced its “Zenith Beta Life” Promo to reward customers of the Bank with gifts every week starting from 31st July 2020 to 30th July 2021.

During this period, fifty (50) customers will be selected via raffle draw each week and rewarded with gifts worth NGN30,000.

The Promo is open to existing and new Zenith Bank customers with the following raffle qualifying criteria:

– maintain a minimum deposit of NGN5,000 for the period;

– request and collect a Zenith Bank Card; and

– download and register on the Zenith Mobile App or register for *966# EazyBanking.

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BUSINESS

UBA Reiterates Importance of Small Businesses, Hosts MSME Workshop

Gbemileke Ajayi

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In its continuous bid to support the growth of Micro Small and Medium Enterprises(MSME) and equip them with the necessary tools aimed at strengthening and sustaining their businessesPan African Financial Institution, United Bank for Africa (UBA) Plc is set to organize another MSME Workshop for entrepreneurs.

The workshop which will hold on Wednesday via Microsoft Teams will host professionals who will share their experiences and give essential tips to MSME and business owners on how to their businesses to the next level.

This Workshop which will be in two separate sessions will specifically target financial record keeping in business which has been established as one of the major challenges that business owners face and it promises to be an eye-opener to participants.

The Founder, Accounting Hub, Chioma Ifeanyi-Eze, will take the first session as she gives insights and shares practical knowledge on Bookkeeping and Accounting Basics for Small Businesses, while in the second session, UBA’s Group Head, Tax Management, Emeka Amadi, will take participants through practical steps om Tax Management for Small Businesses.

UBA’s Group Head, Consumer, and Retail Banking, Jude Anele, who spoke on the bank’s deep passion to help small businesses, explained that as the engine of any developing economy, MSMEs should be armed with the necessary tools that will help galvanize their businesses, adding that this necessitated the regular MSME workshops organized by the bank to assist both its customers and non-customers to boost their businesses.

He said, “UBA is committed to the overall growth of its customers beyond banking services, and the bank’s passion is hinged on ensuring that customers and entrepreneurs run businesses that can stand the test of time with the knowledge and experience required to take their businesses to the next level.

“Because of our interest in Businesses and customers, we conceptualized the SME workshop to fill the existing gaps observed in businesses thus assisting them to learn new ways of doing business and how to package their businesses for increased patronage,” Anele noted.

UBA’s Group Head, Marketing & Customer Experience, Michelle Nwoga, said the seminar is open to all business owners and leaders across Nigeria reiterated its importance because of the long-term impact which ranges from strengthened confidence, skills, knowledge, and resources.

Participants who register for the Teams session here, will be trained in record keeping, cost reduction, stock compiling, financial and taxation planning, maximizing opportunities, financial planning, and projections.

Nwoga explained that the bank is on the constant look-out for top business personalities who are able to share their growth strategies with other upcoming business owners, adding, “Our business leaders for this workshop are experienced in every sense of the word and willing to share insight with others on how to grow their business.”

Emeka Amadi is a seasoned Chartered Accounting and Tax professional with14 years’ experience. He has facilitated several seminars and training to Finance professionals and sensitizing SMEs on the importance of Tax and Accounting function in business value creations.

Chioma Ifeanyi-Eze who is the Founder, Accountinghub, a tech-accounting firm, is a Chartered Accountant. She is a recipient of several awards, both academic and entrepreneurial, as well as an amazing speaker and writer.

Kindly register: http://bit.ly/UBA-MSME-Worskhop-Registration

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BUSINESS

Heritage Bank Upgrades HB ‘Padie’ Mobile App For Easy Access To Banking Services

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Heritage Bank plc, Nigeria’s most innovative banking service provider has upgraded its HB ‘Padie’ mobile application to HB ‘Padie’ 2.0, which comes with new improved features for a convenient, quick, secure, and affordable way for seamless 24/7 banking transaction.

The HB ‘Padie’ 2.0 app has been redesigned and relaunched with new improved multi-functional features and game-changing innovation that leverages customers to ease accessibility to funds and improve the standard of living. This is poised to enable customers’ card management in connecting all bank accounts with their Debit Card details or account holder information.

The banking app which is squarely targeted at customers across board and embedded with improved security and self-service features allows the customers to open accounts from the comfort of their zones.

HB ‘Padie’ 2.0 combines digital transactions and community lifestyle payments that empower customers with the power to build their world and perform digital transactions how they want.

The platform possesses numerous benefits, as one of these is an enabler for foreign exchange transfer with speed and convenience you need all in one.

The platform enables customers and small business account holders key into the electronic payment system easily, efficient collections, bills payment, mobile virtual top-up, funds transfer, balance inquiry, and many more.

Other added features include frequent transaction; dashboard flexibility and personalization, which involve profile management-the HB ‘Padie’ 2.0 can be customized by the user by adding any profile picture of choice, whilst the customers can retain and delete beneficiaries without having to repeatedly enter the recipients’ account details.

The HB ‘Padie’ 2.0 platform also allows customers to monitor their spending patterns, as it shows the inflow and outflow of funds on their account.

To further improve banking experience and make access to funds easier, Heritage Bank launched its USSD code *745#.

According to the bank, it does not require a smartphone or data and would induce an improved banking experience.

The bank said to register for the service, customers should dial, *745# account number* last 6 digits on the customer’s debit card# and follow the voice prompt.”
To ensure seamless banking transactions, the bank explained that customers are constantly communicated to, to also adopt its available 24/7 alternate electronic channel.

“We have encouraged our customers to adopt the self-service platforms like *745*0# for balance inquiry, Funds Transfer (Within Heritage Bank): *745*1*Amount*Account Number#, self-airtime recharge: *745*Amount#, third party airtime recharge: *745*Amount*Mobile Number# and change pin: *745*00#.”

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