Business
Access Bank strengthens digital lending platform
Published
6 months agoon
By
Ekwutos Blog
Access Bank has revamped its digital loan platform ’QuickBucks’, to boost lending to its consumers.
A statement from the bank on Monday said that since the introduction of its first digital PayDay loan in 2017, Access Bank had issued 18 million digital loans amounting to over N740bn.
It noted that with the revamp of the platform, customers could access loans for businesses, vehicle financing, and school fee payments, among others.
Speaking at the relaunch event, the Group Head of Consumer Banking, Access Bank, Njideka Esomeju, said, “Many Nigerians are facing financial challenges due to the economic situation in the country. At Access Bank, our goal is to enable every Nigerian to achieve financial freedom, which is why we introduced digital lending solutions.
“Initially, our digital loans were limited to salary earners with a 30-day repayment term. Now, QuickBucks Loans offer up to 12 months of repayment time for customers with salary accounts, self-employed individuals, active account holders, as well as business and trader account holders.”
According to Esomeju, the bank’s interest rates are among the lowest in the industry, ranging from about 5 per cent to a maximum of 15 per cent, depending on the type of loan.
She added that QuickBucks Loans are designed for ease of access, noting, “
The Unit Head of Digital Lending, Access Bank, Efe Obaigbena, also emphasised the purpose and improvements of QuickBucks Loans.
Obaigbena said, “These loans are designed to address our customers’ urgent financial needs. Since its launch in 2017, QuickBucks Loans have seen significant enhancements. As a responsible lender, we ensure our customers do not face excessive debt by capping our loans at a percentage of salary or account transactions. Eligibility also requires a good credit record across all financial institutions.”
The Lead of Digital Lending, Access Bank, Oladisun Dawodu, highlighted the bank’s commitment to integrating fintech innovations.
He noted, “Access Bank embraces fintech culture to distinguish itself in the market. We are preparing for future advancements such as AI-based lending solutions, blockchain technology for secure transactions, and closer integration with financial ecosystems.
“We are investing in technology and strategic actions to ensure QuickBucks Loans remain competitive and responsive to these developments.”
According to Dawodu, QuickBucks Loans are attractive because they are automated.
“Getting a QuickBucks Loan is quick and easy, and so is repaying it. Customers just need to make sure they have enough money in their account on the due date(s) and the payment will be deducted automatically, without any hassle. Our customer support team will also contact you with messages and calls as your due date approaches,” he explained.
You may like
Business
Breaking News: Nigerian Youngest Billionaire, B-Lord, Pioneers Electric Taxi Revolution in Nigeria
Published
22 hours agoon
January 21, 2025By
Ekwutos Blog
In a groundbreaking move for Nigeria’s transport and energy sectors, Nigeria’s youngest billionaire and business mogul, B-Lord, has launched an electric car taxi service, marking a significant step toward sustainable mobility in the country. The initiative is set to commence operations in Anambra State.
In an exclusive statement, B-Lord disclosed that over five containers filled with fully electric city cars are currently en route to Nigeria from China. The vehicles are expected to revolutionize public transport by providing an eco-friendly, cost-efficient, and modern alternative for commuters.
To support this venture, several charging station terminals are already under construction across Anambra State. These charging hubs aim to ensure a seamless experience for the upcoming fleet of electric vehicles, setting the foundation for a robust, sustainable infrastructure.
“This initiative is not just about transportation; it’s about boosting economic growth, creating jobs, and setting Nigeria on the global map of innovation and sustainability,” said B-Lord.
The electric taxi project is poised to enhance the state’s economy by generating employment, reducing carbon emissions, and modernizing the transportation sector. Experts believe this move will ripple across other states, driving further investment in green technology in Nigeria.
As Nigeria takes its first steps into the electric vehicle era, B-Lord’s vision is a testament to the power of entrepreneurship and innovation in shaping a better future for the nation.
Stay tuned for more updates as this transformative project unfolds!
Business
World Pizza Day: How an Italian food favourite conquered the world
Published
4 days agoon
January 18, 2025By
Ekwutos Blog17 January marks World Pizza Day, a celebration of a dish with more than 2,000 years of history. From Neapolitan and Roman styles to Margherita, diavola, and even potato-topped variations, there are few places left in the world which don’t honour this iconic culinary tradition.
In 2017, UNESCO recognised “the art of Neapolitan pizza makers” as an Intangible Cultural Heritage of Humanity, highlighting its cultural significance on a global scale.
As for the date, it wasn’t chosen randomly: 17 January coincides with the feast of St. Anthony Abbot, the patron saint of fire and related trades, including machinists, blacksmiths, and, fittingly, pizza makers.
Where is pizza eaten the most in the world? And in Europe?
In Italy, four out of ten families are expected to prepare pizza at home in 2025, according to data from Coldiretti-Ixé. Meanwhile, global pizza turnover in 2024 is projected to reach a record €160 billion, with Italy contributing €15 billion to this figure.
Pizza is a major economic driver in Italy, generating 100,000 jobs nationwide – a number that doubles to 200,000 on weekends. Each year, Italy produces 2.7 billion pizzas, equating to about 46 pizzas per person annually, a figure that includes all age groups, from infants to the elderly.
Italians’ preferences differ significantly from those of the global market. According to Coldiretti, Italians prioritize higher-quality ingredients and are willing to pay a premium for them.
Interestingly, while pizza is an Italian staple, the world’s largest per capita consumers are Americans, who eat an average of 13 kilograms of pizza per year.
In Europe, on the other hand, Italy is in first place with 7.8 kilos per year, followed by Spain’s 4.3kg, and France and Germany’s 4.2kg and in fifth position the United Kingdom with 4kg.
The rise of food delivery has significantly boosted this already thriving sector: some apps speak of ‘an order every two seconds’. Others point to year-on-year growth in turnover of 20 per cent between 2024 and 2025.
The most and least popular pizzas in the world
According to data from the food web portal TasteAtlas, the Margherita reigns as the most popular pizza in the world, followed by the Montanara and calzones. In sixth place is American-style pizza topped with cheese, vegetables, and tomato sauce. Following that is pepperoni pizza (where ‘pepperoni’ in the US refers to a type of salami) and the iconic ‘New York-style’ pizza, before circling back to fried pizza.
In last place is an Italian pizza: the ‘Mimosa pizza,’ topped with corn and cooked ham. Just above it are the Cuban pizza, the Scottish fried pizza, the Quad City-style pizza (a grilled variation popular in the US), and Canada’s unique pizza-ghetti, which features spaghetti as an additional topping.
How much does pizza cost in Italy?
Pizza has always been a popular dish in the Bel Paese, and this has never changed. On the other hand, inflation and the push for higher quality ingredients have increased the price in Italy and across Europe.
A survey by Altroconsumo calculated the average cost of a pizza, a soft drink, and service in various Italian cities. Sassari tops the list as the most expensive city (€14.67), followed by Bolzano, Milan, and Venice. On the more affordable end are Livorno (€8.67), Pescara (€9.18), Naples (€9.63), and Bari (€9.63).
Whatever pizza you love, with or without pineapple, happy World Pizza day.
Petrol prices across Nigeria have increased to between N1,050 and N1,150 per litre.
This increase follows a price adjustment by Dangote Refinery, which raised its rates from N899 to N955 per litre for bulk purchases.
Private depots nationwide have also raised their prices, with some locations now charging over N1,000 per litre for Premium Motor Spirit (PMS).
Oil marketers explained that the hike is primarily due to rising crude oil prices, which recently climbed to $81.84 per barrel, the highest in 2025.
Deregulation of the petroleum sector and logistics costs have further contributed to the price surge.
Areas far from depots, such as the hinterlands, are experiencing the steepest prices, with some regions reporting costs of up to N1,150 per litre.
Private depots in Lagos and Calabar have also adjusted their loading costs.
For instance, Sahara and Pinnacle depots raised prices to N970 per litre, while Rainoil and Alkanes in Calabar now charge N1,000 per litre.
Retail stations are adding logistics and regulatory charges to their prices, pushing the pump rates higher for consumers.
Marketers predict that prices will continue to rise due to the global increase in crude oil costs.
With deregulation in place, the industry relies on demand and supply dynamics, making fluctuations inevitable.
Experts warn that this trend will significantly impact consumers and businesses across the country.
POWA HONOURS HON DR SAMUEL UDEH WITH AN AWARD OF RECOGNITION; hands over to police, huge sum of cash forgotten by a passenger in a bus
Nathaniel Bassey Brings Soul-Stirring Worship to Trump’s Inaugural Prayer Breakfast
Putin Hails Trump On Inauguration As US President For Second Time, Says Russia Willing To End War
Trending
- Politics11 months ago
Nigerian Senate passes Bill seeking the establishment of the South East Development Commission.
- Business11 months ago
Inflation hits record high of 29.90% on naira weakness
- Politics8 months ago
BREAKING: Federal Gov’t Offers To Pay Above N60,000, Reaches Agreement With Labour
- SportsNews11 months ago
Olympic Qualifiers 2024: CAF Confirms Dates For Super Falcons Vs Banyana Banyana
- Trending3 months ago
NYA demands release of ‘abducted’ Imo chairman, preaches good governance
- Business3 months ago
US court acquits Air Peace boss, slams Mayfield $4000 fine
- Politics11 months ago
Governor Hope Uzodinma’s New Cabinet In Imo: The Gainers, The Losers
- Politics3 months ago
Mexico’s new president causes concern just weeks before the US elections