Business Culture Economy Finance Fintech Posted on

Tony Elumelu Celebrates Launch of UCEE Microfinance Bank, Commends United Capital Team

Author admin 0 465

 

In a significant development for financial inclusion in Nigeria, Tony O. Elumelu, C.F.R, Chairman of Heirs Holdings, has extended his congratulations to Esther Adeola-Balogun (MNIM, MCIB), the CEO of UCEE Microfinance Bank, and the entire United Capital team, led by Peter Ashade, on the successful launch of UCEE Microfinance Bank.

In his congratulatory message, Elumelu praised the vision and hard work behind the creation of UCEE Microfinance Bank, which he emphasized is driven by the belief that everyone deserves access to wealth. “Congratulations and well done to Esther Adeola-Balogun and the entire United Capital team on the launch of UCEE Microfinance Bank,” Elumelu stated, underscoring the importance of the bank’s mission to promote financial inclusion for all Nigerians.

UCEE Microfinance Bank is the latest addition to the portfolio of United Capital Plc, a leading financial and investment services group in Nigeria. The bank is now the seventh brand under the United Capital umbrella, joining other established entities such as Asset Management, Investment Banking, Securities Trading, Trustees, Wealth Management, and Consumer Finance.

Elumelu’s endorsement highlights the strategic importance of UCEE Microfinance Bank in United Capital’s broader mission to expand access to financial services across the country. With a commitment to bringing financial inclusion to underserved populations, UCEE Microfinance Bank is poised to play a critical role in driving economic empowerment and wealth creation at the grassroots level.

The launch of UCEE Microfinance Bank represents a significant milestone for United Capital Plc, further cementing its position as a leader in the financial services industry. By offering a range of microfinance products tailored to meet the needs of individuals and small businesses, the bank aims to bridge the gap in financial access and contribute to the overall economic development of Nigeria.No alternative text description for this image

As UCEE Microfinance Bank begins its operations, it is expected to leverage the extensive experience and expertise of United Capital Plc to deliver innovative financial solutions that cater to the diverse needs of its customers. The bank’s focus on financial inclusion aligns with the broader goals of United Capital Plc to create wealth and drive economic growth across the nation.

Tony Elumelu’s commendation reflects the significance of this new venture in the Nigerian financial landscape and reaffirms the commitment of United Capital Plc to fostering financial inclusion and economic empowerment. The successful launch of UCEE Microfinance Bank is not only a testament to the leadership of Esther Adeola-Balogun and Peter Ashade but also a promising step towards a more inclusive financial future for all Nigerians.

 

 

Tony Emeka Nwosu

Leave a Comment

Your email address will not be published.

You may also like

Business Travels Trends Posted on

Abia Government Unveils Modern Number One Roundabout on Port Harcourt Road, Aba

Author admin 0 14
post-image

The Abia State Government today unveiled significant upgrades to Port Harcourt Road in Aba, capped by the completion of the new Number One Roundabout constructed by Julius Berger Nigeria PLC. The project forms part of Governor Dr. Alex Otti’s broader modernization drive for the state’s commercial hub.

Officials from the Ministry of Works and Transport explained that the roundabout incorporates contemporary engineering design, durable paving materials and landscaped green spaces to improve traffic flow and enhance civic aesthetics. Although some residents have compared its design unfavorably to more elaborate international models shared on social media, authorities maintain that the structure’s unique features reflect local context and long‑term maintenance needs.

Port Harcourt Road, long plagued by potholes and poor drainage, underwent a comprehensive rehabilitation under the Otti administration beginning in late 2024. Over three kilometres of carriageway have been reconstructed, with new drainage systems, pedestrian sidewalks and street lighting installed along the…

Read More
Business Culture Economy Society Technology Technology Trends Posted on

NCC and NEMA Join Forces to Make Emergency Response Faster, Smarter, and More Human-Centered

Author admin 0 172
post-image

In a heartfelt meeting held at the headquarters of the Nigerian Communications Commission (NCC), two of Nigeria’s key institutions came together with one shared goal: to save lives through better communication.

Dr. Aminu Maida, the Executive Vice Chairman and CEO of the NCC, warmly received Mrs. Zubaida Umar, Director General of the National Emergency Management Agency (NEMA), as both leaders led conversations about a stronger, more connected Nigeria—especially in times of crisis.

For a country as large and complex as Nigeria, emergency situations—floods, accidents, natural disasters—can strike without warning. When they do, timely and accurate information can mean the difference between life and death. That’s why this meeting wasn’t just routine protocol; it was a pivotal step toward giving Nigerians a safer future.

At the heart of their conversation was the plan to develop a

Read More
Business Culture Economy Posted on

VP Shettima Inaugurates Interministerial Committee to Drive Nigeria’s Innovation Economy

Author admin 0 200
post-image

 In a strategic move to position Nigeria as a global innovation hub and achieve a trillion-dollar economy within the next decade, Vice President Kashim Shettima has inaugurated the Interministerial Committee on Research and Innovation. The inauguration ceremony took place at the Presidential Villa, Abuja.

Speaking during the event, Vice President Shettima emphasized the committee’s mandate to champion food security, energy sufficiency, and a reduction in the country’s dependence on imports. He noted that the initiative is a critical component of President Bola Ahmed Tinubu’s broader vision to harness both intellectual and financial capital to propel Nigeria’s economic transformation.

“This is not merely the inauguration of a committee,” the Vice President said, “but the activation of a bold mission: to build Nigeria into an innovation-driven, trillion-dollar economy within a decade. The future we desire is not something we inherit; it…

Read More
Business Economy Finance Fintech Posted on

PAFON 2.0: Experts Highlight Ingredients for Accelerated Financial Inclusion in Nigeria

Author admin 0 259
post-image

 

Improved efforts at collaboration among financial service providers, telecommunication operators, and tech Startups, with conscious effort geared at consumer awareness, have been proffered as key remedies to the challenge of financial inclusion in the country.

This is the viewpoint of stakeholders that gathered for the second edition of Payment Forum Nigeria (PAFON 2.0) held recently in Lagos.

Delivering a keynote address on the theme, “Bridging the Customer Experience Gap for Financial Inclusion Using AI”, Ebehijie Momoh (Mrs.), the managing director and chief executive officer of AfriGoPay Financial Services Limited, said that with 64% of Nigerian adults being financial included the country has made immense progress in that regards.

She said that between 2012 till date, the country has recorded robust regulatory reforms, especially the launch of the Bank Verification Number (BVN) in 2014 making it easier to identify and track customers across different banks.

“This initiative enhanced the credibility of the financial sector…

Read More
Business Culture Entertainment Posted on

Premier Records Celebrates 62 Years of Musical Excellence and Cultural Legacy

Author admin 0 163
post-image

One of Africa’s most iconic music labels, Premier Records Limited, is proudly celebrating its 62nd anniversary, marking over six decades of shaping Nigeria’s soundscape and preserving its rich musical heritage.

Founded in 1963, Premier Records has remained a trailblazer in the African music industry, championing artistic excellence, innovation, and cultural preservation. According to Michael Odiong, a senior executive at the label, “62 and still counting!” — a testament to the brand’s enduring influence and unwavering commitment to music.

As the third-oldest record label in Africa, Premier Records boasts a legacy that spans generations, having supported and promoted a diverse range of genres from highlife and afrobeat to gospel, hip hop, and contemporary sounds.

The label’s deep catalog of timeless recordings, alongside a forward-looking vision, continues to inspire both budding and established artists. Through strategic investments in talent development and genre diversity, Premier Records has ensured that every voice finds a platform and…

Read More
Business Economy Posted on

Lagos, Rivers, Ogun Lead Nigeria’s Domestic Debt Profile in 2024 — DMO

Author admin 0 93
post-image

 

As Nigeria continues to grapple with economic headwinds, new data from the Debt Management Office (DMO) has shed light on the growing financial burdens carried by state governments across the country. Topping the list is Lagos State, with a staggering domestic debt of ₦900.19 billion as of December 2024—more than double that of the second-highest debtor, Rivers State.

Rivers State’s debt stands at ₦364.39 billion, reflecting its own share of the fiscal strain, while Ogun State, another South-Western state, is third with ₦211.86 billion. Delta State follows closely with ₦199.58 billion in domestic debt, and Bauchi, the leading state from the North-East, takes the fifth spot with ₦143.95 billion.

Other states in the top 10 include Niger (₦140.74 billion), Imo (₦126.14 billion), Benue (₦122.58 billion), Akwa Ibom (₦122.19 billion), and Enugu (₦119.28 billion). These figures reflect the financial realities many governors face as they attempt to fund development projects, pay salaries,…

Read More
Business Economy Government Posted on

Tinubu Is an Asset to Northern Nigeria and the Nation — Defence Minister Matawalle

Author admin 0 409
post-image

Minister of State for Defence, Bello Matawalle, has described President Bola Ahmed Tinubu as a significant asset to Northern Nigeria and the country as a whole, urging citizens to dismiss what he termed “baseless and politically motivated” criticisms against the president.

In a statement released on Friday and signed by his Special Assistant on Political Affairs, Ibrahim Goga, Matawalle, who previously served as Governor of Zamfara State, condemned recent attacks on Tinubu, asserting that they are driven by individuals who failed to secure their political ambitions.

“President Tinubu has demonstrated an uncommon commitment to addressing the challenges facing our region,” the minister stated. “Those attacking him with propaganda are only seeking relevance after failing to secure their political future.”

He accused unnamed political figures of sponsoring misinformation campaigns as a way to divert attention from their own lackluster performance while in office. “These individuals had the opportunity to lead but left no…

Read More
Business Economy Technology Technology Trends Posted on

BorderlessTek Launches Lifeline for Underprivileged Nigerian Children Through Coding

Author admin 0 410
post-image

 

In a powerful intervention against digital exclusion, a UK-based Nigerian tech entrepreneur, Wale Atekoja, is rewriting the future of disadvantaged children in Lagos, one line of code at a time.

His organization, Borderless Tek, has launched the Kids Coding Partnership — a grassroots tech education program designed to equip underprivileged schoolchildren in communities like Ikorodu and Yaba with foundational coding and software development skills, completely free of charge.

This is not just another CSR initiative. It’s a deliberate human-centered response to the growing digital divide that continues to marginalize low-income Nigerian children from the technology revolution sweeping the globe.

“We’ve been teaching Black kids in Europe how to code, but what about those back home?” says Wale Atekoja, better known as @AtexXeta on social media. “We’re not targeting the privileged. We’re starting with the forgotten — the children who have never touched a laptop.”

 

The first three-month cohort of the program is scheduled…

Read More