Connect with us


Access Bank Partners British Council For BROCLA 2024, Presents Awards To Outstanding Cambridge Learners



Access Bank, Africa’s leading full-service commercial bank, has partnered with the British Council for the seventh edition of the British Council Recognition and Outstanding Cambridge Learner Awards (BROCLA).

The partnership is in line with Access Bank’s commitment to supporting the educational sector and recognizing students who have excelled on national and global stages in the May/June 2023 and Oct/Nov 2023 Cambridge International Examinations.

The well-attended event which took place Thursday evening at the Civic Centre in Victoria Island, Lagos, testifies to Access Bank’s brand positioning and its strategic alliances with reputable partners.

Access Bank said the partnership offers it a unique blend of global prestige, strategic networking opportunities, enhanced brand visibility, alignment with corporate social responsibility (CSR) goals, and positive public relations.

Speaking at the British Council Recognition and Outstanding Cambridge Learner Awards, Chioma Kema Ogwo, Head, Emerging Businesses Team at Access Bank, said the importance of education cannot be overstated, noting that it is a sector the bank is heavily investing in.

She said it was because of Access Bank’s value for education that it partnered with the British Council in the 7th edition of the BROCLA, adding that in addition to the awards presented at the event, the bank will be giving the successful students some financial support as they begin this new phase in their lives.

“We at Access Bank are big on education and we have several offerings for the education value chain, from the parents – including access to finance for the school fees of their wards, access to exclusive offerings while transiting to visit their wards abroad, supplementary cards that can be used by their wards abroad and so much more.

“The schools are also not left out as we have access to affordable finance options for the schools for working capital, asset finance, and school expansion projects. We have a special school account for schools that recognizes their unique term cycles and offers a wide range of non-financial offerings,” Ogwo said.

In his address, Senior Manager, Sub-Saharan Africa, Cambridge International Education, Der Riet commended the 48 recipients of the high achievement awards and eight students who have excelled across multiple subjects to earn the best awards, describing their dedication to studies and ability to excel across a diverse range of subjects as truly commendable.

Der Riet acknowledged Access Bank for partnering with the British Council for the Recognition and Outstanding Cambridge Learner Awards 2024 saying that it is a vindication of the Bank’s commitment to promoting education in Nigeria.

“I also want to acknowledge Access Bank. Access Bank is also playing a big role here and is going to additionally recognise the awardees who are present in the room with awards. We want to thank the bank for this support and partnership; it’s a testament to the bank’s commitment to promoting education,” he said.

Regional Director, Sub-Saharan Africa, Cambridge International Education, Juan Visser said of all the outstanding learner events across the world, Nigeria is by far the most glamorous, and acknowledged all the successful students for their brilliance, ambition, strength, and for simply being outstanding.

“We are here to celebrate 95 Cambridge learners coming from 37 Cambridge schools, or international schools accredited to offer Cambridge, with a total of 134 awards. Cambridge has an important role to play together with the British Council in Nigeria in providing quality education to our schools and learners worldwide,” he said.

Visser, who averred that quality education is the greatest driver to transforming societies and lives, said that the students gathered for the event are a testament: “I know this is a big day for you all and you have worked so hard for this moment. Even with the disruption of a global pandemic, you continue to study hard and achieve excellence. People often forget that the cohort of learners here today was highly impacted by the pandemic and had to work through that.”

The Outstanding Cambridge Learner Awards are a group of awards that recognise exceptional learner achievement in Cambridge examinations around the world. Awards results are generated electronically using Cambridge’s awards data generation system.

Cambridge awards are based on overall standard marks rather than percentage marks or grades. The learner with the highest overall standard mark in the world or the country/territory will receive the award for that particular subject.

The 2024 British Council Recognition and Outstanding Cambridge Learner Awards event was witnessed by students from various schools, parents, teachers, British Council Nigeria officials, and other distinguished guests including Hon. Jamiu Tolani Alli-Balogun, Lagos State Commissioner for Basic and Secondary Education.


Continue Reading


Customers To Win N200m As UBA Begins 75th Anniversary Promo



In line with its usual custom of rewarding loyalty, Africa’s Global Bank, United Bank for Africa Plc, is set to launch the “UBA Legacy Promo” as part of activities to mark its 75th year anniversary.

This campaign has been specially designed by the bank to celebrate UBA’s rich legacy spanning over 75 years, as well as the bank’s longstanding commitment towards rewarding its loyal customers in a grand style.

According to a statement, the UBA Legacy Promo which will run for a period of six months beginning from July 2024, will see the bank doling out of N200m in cash prizes as well as other consolidation prizes to its teeming customers from various categories.

The lender said, “This promo is open to several categories of account holders including Bumper Account holders, Savings account, Kiddies & Teens Account holders as well as Nextgen account holders.

“Specifically, 75 customers will win the star prize of N1 million each during the promo, while 75 other customers will each win N500,000. 75 customers will win N250,000 each, while another 75 customers will each win N100,000.”

It added, “In the promo, 75 Kiddies, Teens, and NextGen customers will receive N200,000 in scholarship rewards and N180,000 in pocket money rewards respectively, just as many more customers will win N10,000 monthly cash prizes. Other consolidation prizes including shopping vouchers, loaded prepaid cards, and additional exciting rewards.”

To qualify for the promo, Bumper customers are expected to have a minimum of N 5,000 operating balance and multiples of N5,000 will give the customers a higher chance of winning. Customers under the savings category are expected to save a minimum of N 100,000 monthly, while multiples of N100,000 will give them more chances of winning.

Kiddies & Teens Account holders will however need to maintain a standing instruction of N10,000 monthly to qualify for the scholarship reward, while NextGen customers, are expected to maintain a minimum of N5,000 and get a debit card to qualify for the N180,000 pocket money reward.

UBA’s Group Head, Retail & Digital Banking, Shamsideen Fashola, expressed his excitement about the promo and said the bank is always excited to reward loyalty while encouraging the savings culture amongst its customers.

He said, “The UBA Legacy Promo is a testament to our enduring commitment to our customers. For 75 years, UBA has been at the forefront of banking innovation, and this promo is another way we are showing our appreciation and continuing to build on our legacy of trust and excellence.”

UBA’s Group Head, Marketing & Corporate Communications, Alero Ladipo, who emphasised the significance of the campaign, said, “As we mark this monumental anniversary, the UBA Legacy Promo not only celebrates our rich history but also reinforces our dedication to enriching the lives of our customers. We are thrilled to offer these fantastic rewards as a thank you for their unwavering loyalty.”

She invited customers to participate in the exciting promo and take advantage of the incredible rewards on offer.


Continue Reading


Nigeria’s Inflation Rate Hits 34.19 % Amid Rising Food Cost



Nigeria’s inflation figure has reached a new high, hitting 34.19 % for June 2024, according to the latest data from the National Bureau of State Statistics (NBS).

This is an increase of 0.24% points when compared to the inflation figure for May 2024 released by the NBS.

“In June 2024, the headline inflation rate increased to 34.19% relative to the May 2024 headline inflation rate which was 33.95%. Looking at the movement, the June 2024 headline inflation rate showed an increase of 0.24% points when compared to the May 2024 headline inflation rate,” the NBS said in its Consumer Price Index (CPI) – which measures the average change over time in the prices of goods and services consumed by people for day-to-day living – released on Monday.

“On a year-on-year basis, the headline inflation rate was 11.40% points higher compared to the rate recorded in June 2023, which was 22.79%.”

According to the NBS, the headline inflation rate, year-on-year basis, jumped in June 2024 when compared to the same month in the last year.

It said on a month-on-month basis, the headline inflation rate in June 2024 was 2.31%, 0.17% higher than the rate recorded in May 2024 (2.14%).

“This means that in the month of June 2024, the rate of increase in the average price level is higher than the rate of increase in the average price level in May 2024,” the agency said.


Continue Reading


Nigeria’s Forex Reserves Exceed $35bn — CBN



According to data from the Central Bank of Nigeria, Nigeria’s external reserves have reached $35.05bn as of July 8, 2024.

This is the first time it has crossed the $35bn ceiling under the administration of President Bola Tinubu.

According to CBN’s data on external reserves, as of May 30 2023, the reserves were $35.09bn, about 14 days before the introduction of the foreign exchange (FX) unification policy in June 2023.

However, when the CBN announced the FX unification policy, the external reserves dropped to $34.66bn.

From July to December 2023, the reserves fluctuated within the $33bn range.

This year, the reserves plunged to a low of $32.11bn on April 19, 2024, according to the data.

While addressing the reason behind the drop, the central bank Governor blamed the decreasing reserves primarily due to debt repayments and other standard financial obligations, rather than efforts to defend the naira.

Analysed CBN’s data, revealed a surge in exchange rate in the last few weeks ending the month of June above $34bn for the first time since April. The reserves have continued to grow in July, reaching the highest reserve in the last one year.

Since the lowest level of $32.11bn under Tinubu in April, the external reserves have surged by $2.94bn in less than three months, according to the CBN data.

The CBN had said it plans to double the diasporas’ remittance inflow this year through a steady flow of foreign exchange into the country.


Continue Reading

Recent Posts