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United Capital Plc. releases its Nigerian Economy and Financial Markets 2015 Report

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L-R: Bismarck J. Rewane, Managing Director, Financial Derivatives Company Ltd. ; Toyin Sanni, Group CEO, United Capital Plc

L-R: Bismarck J. Rewane, Managing Director, Financial Derivatives Company Ltd. ; Toyin Sanni, Group CEO, United Capital Plc

 L-R: Mr. Bismarck Rewane, Managing Director, Financial Derivatives Company Ltd. ; Mrs. Toyin Sanni, Group CEO, United Capital Plc

L-R: Mr. Bismarck Rewane, Managing Director, Financial Derivatives Company Ltd. ; Mrs. Toyin Sanni, Group CEO, United Capital Plc

L-R: Mr. Sunny Anene, Group CFO, United Capital Plc ; Mrs. Tokunbo Ajayi, CEO United Capital Trustees Ltd ; Mr. Bismarck Rewane, Managing Director, Financial Derivative Company Ltd. ; Mrs. Toyin Sanni, Group CEO, United Capital Plc ; Mr. Jude Chiemeka, MD, UBA Securities Ltd. ; Mr. Kayode Fadahunsi, MD, Capital Markets, M & A, United Capital Plc

L-R: Mr. Sunny Anene, Group CFO, United Capital Plc ; Mrs. Tokunbo Ajayi, CEO United Capital Trustees Ltd ; Mr. Bismarck Rewane, Managing Director, Financial Derivative Company Ltd. ; Mrs. Toyin Sanni, Group CEO, United Capital Plc ; Mr. Jude Chiemeka, MD, UBA Securities Ltd. ; Mr. Kayode Fadahunsi, MD, Capital Markets, M & A, United Capital Plc

 L-R: Mr. Bismarck Rewane, Managing Director, Financial Derivatives Company Ltd. ; Mrs. Toyin Sanni, Group CEO, United Capital Plc

L-R: Mr. Bismarck Rewane, Managing Director, Financial Derivatives Company Ltd. ; Mrs. Toyin Sanni, Group CEO, United Capital Plc

L-R: . Bismarck Rewane, Managing Director, Financial Derivative Company Ltd. ; Toyin Sanni, Group CEO, United Capital Plc ; Mr. Jude Chiemeka, MD, UBA Securities Ltd.

L-R: . Bismarck Rewane, Managing Director, Financial Derivative Company Ltd. ; Toyin Sanni, Group CEO, United Capital Plc ; Mr. Jude Chiemeka, MD, UBA Securities Ltd.

L-R: Mr. Bismarck Rewane, Managing Director, Financial Derivatives Company Ltd. ; Mrs. Toyin Sanni, Group CEO, United Capital Plc

L-R: Mr. Bismarck Rewane, Managing Director, Financial Derivatives Company Ltd. ; Mrs. Toyin Sanni, Group CEO, United Capital Plc

United Capital Plc. has released its authoritative and eagerly anticipated Nigerian Economy and Financial Markets 2015 report. The report provides a detailed review of the Nigerian market in 2014 with projections for 2015, commencing with a Global perspective and review of key African markets. It discusses the outlook for different sectors, inherent opportunities as well as strategies for navigating the financial market. The very comprehensive report is an invaluable tool for investors covering  Global economic review and outlook, Africa update and outlook, oil price dynamics and Nigeria 2015 outlook, domestic macro-economic trends and outlook, capital market review and outlook as well as specific sector reviews and recommendations.

 

“We are pleased to release the Nigerian Economy and Financial Markets 2015 report at United Capital. The report contains extensive research on capital markets, providing an in-depth analysis of various market groupings and industry trends that have shaped our predictions,” stated Toyin Sanni, Group CEO of United Capital Plc.

 

United Capital Plc is a leading African financial services group, providing bespoke value-added services to its client and is recognized regionally for its strategic role in helping Africa governments and citizens (both individual and corporate) achieve their economic objectives through a robust suite of financial and investment banking service offerings. United Capital group activities are driven by its Investment Banking, Asset Management, Trusteeship, Securities and Insurance subsidiaries and affiliated companies.

 

 

The 2015 report from United Capital group investigates the impact of the global economic and trade activities within advanced economies. It further dissects the impact of global financial activities on the Nigerian economy which is set to face one of the most difficult times in history, as global crude oil prices, a key anchor for fiscal strength and macroeconomic stability, continues on a downward trajectory in 2015.

 

This incisive report highlights how activities in the financial markets in Nigeria are likely to be more challenging, relative to 2014 as it is expected that the market in 2015 will be shaped by 4 major factors 1) Post-election scenarios 2)Aggressive tightening by the CBN, 3) Variability in foreign portfolio flows, and 4) the downward trajectory of crude oil prices. These factors are largely expected to dictate movements in both equity and fixed income markets albeit in different degrees during the year.

 

We are confident that this Report will be an investment and financial decision making resource of great value to our clients.

 

Thank you.

 

 

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Jumia Implements “Contactless” Delivery And “Cashless” Payments In Response To The COVID-19 In Africa 

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MSMEs Empowerment

The delivery and payment methods of the e-commerce platform ensures safer transactions for riders and consumers

 

Lagos (Nigeria), 31st March 2020: Africa’s leading eCommerce platform Jumia has announced the implementation of ‘contactless’ delivery for prepaid packages on the platform. The company is taking additional measures to keep consumers, delivery agents and partners safe in the wake of the COVID-19 outbreak.

 

To drive the initiative, the ‘contactless safe delivery’ option has been implemented on JumiaPay, the payment platform. This enables consumers to make prepaid payments for products online and get it delivered without a direct body contact or cash exchange with the delivery agent.

 

 “The health and safety of our customers and delivery agents is our absolute priority. We are uniquely positioned to step up and be part of Africa’s response strategy in this challenging time. We have implemented a “Contactless” delivery option, which eliminates any possibility of physical contact. Convenience, social distancing and cashless measures are woven into one solution to combat the current situation.”  said Apoorva Kumar, SVP Logistics at Jumia.

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Jumia’s delivery agents have been trained to enforce necessary standards during delivery. They are instructed to call or text when they arrive at the customer’s place and drop off the package at their doorstep, then step back to the safe distance limit and will wait for the customer to take the package before leaving.

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Consumers are strongly encouraged to pay “cashless” on Jumia through JumiaPay. This will ensure less physical cash coming into contact with delivery riders and  the wider population and will in turn help reduce the risk of coronavirus transmission.

 

Jumia “Contactless” delivery payment option is available on all JumiaPay/ Prepaid Packages and all cashless delivery modes that are contactless such as mobile money.

 

About Jumia

Jumia is a leading e-commerce platform in Africa. It is built around a marketplace, Jumia Logistics, and JumiaPay. The marketplace helps millions o

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Union Bank Ramps Up Support for the Fight Against COVID-19 in Nigeria  

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Union Bank

 Union Bank today announced additional donations totalling Three Hundred Million Naira (N300million)as part of its multi-pronged approach to tackle the spread of Coronavirus in Nigeria.

 

As part of the Private Sector Coalition Against COVID-19, Union Bank has contributed Two Hundred and Fifty Million Naira (N250million) into the fund set up by the coalition to raise N120bn (One Hundred and Twenty Billion Naira) to fight the outbreak in Nigeria.

 

In addition, the Bank also made a further donation of Fifty Million Naira (N50million) to the Lagos State Covid-19: Emergency Food Response programme which was set up to support low-income families who will be directly impacted by the state-wide restrictions in place to limit the spread of the disease. Lagos State currently has the highest number of COVID-19 cases in Nigeria.

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Commenting on the Bank’s active efforts to tackle COVID-19 in Nigeria, the Chief Executive Officer of Union Bank, Emeka Emuwa, said:

“The fight against Covid-19 requires all hands-on deck with close collaboration between the public and private sector. Union Bank is committed to supporting Nigeria’s response to ensure the country avoids a pandemic. We will especially be looking to support ordinary Nigerians who will be disproportionately impacted economically at this time.”

Last week, as part of its immediate response to the outbreak, the Bank made an initial donation of N50,000,000 ($130,000) into a $500,000 fund set up by 54gene, African genomics research, services and development company working closely with the Nigeria Centre for Disease Control (NCDC) to fight the COVID-19 menace.

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Prudential Zenith Life protecting its customers during the Coronavirus (COVID – 19) pandemic

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Africa Prudential

 

In the face of the coronavirus pandemic and the resulting lockdown, Prudential Zenith Life Insurance is rolling out a range of services to help customers cope with the lockdown.

The new services include a range of additional COVID-19 insurance cover enhancements, without additional premium charges, and a waiver for ‘pandemic’ exclusions as contained in its policy language.

In line with the recent pronouncement of the federal government, the company will be temporarily locked down and has therefore set up a dedicated claims team with remote working capabilities, to enable customers make and receive claims virtually.

According to the statement from the insurance company, the claims procedure will be simplified to allow customers make claims through the WhatsApp channel.

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This development makes it possible for customers to buy insurance products without any physical interface with sales personnel or visit to a physical branch.

Commenting on the changes, Prudential Africa CEO Matt Lilley said, “we realise this is a worrying time for everyone and we want to reassure you that protecting the health and wellness of our customers, employees and partners is our primary concern.

“At Prudential, we have been delivering promises for over 170 years and this time will be no different. I am proud of the measures we are announcing today and I know that they will provide our customers additional peace of mind.”

He added that the waiting periods for new cover have been reduced, and the company is providing additional training and incentives to sales personnel to continue providing advice and access to insurance, even as they work remotely.

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He encouraged Nigerians to stay safe and adhere to the directives from the Ministry of health, Nigerian centre for disease control (NCDC) and other relevant authorities.

“We are going to get through these trying times together” he assured.

What you should know

Prudential Zenith Life Insurance was born when Prudential Plc, one of the oldest and most strongly capitalized life insurance companies in the world, acquired a majority stake in Zenith Life Assurance.

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