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K2 Blog & News

Wema Bank trains and employs Over 60 young Nigerians in technology to create innovative solutions. This is yet another demonstration of its unalloyed support for the growth and advancement of the careers of Nigeria’s teeming youths, leading innovative financial institution, Wema Bank, has employed 69 new graduates who recently completed its Bankers-in-Training Scheme.

The Bankers-in-Training scheme is an intensive 14-week programme to help develop well-rounded bankers who are taken through the rudiments of the profession before being employed by the bank.

With an average age of 27, this latest cohort was trained at the financial institution’s Purple Academy in Lagos. They underwent a general assessment to test for knowledge, comprehension and numeracy skills.

They also underwent technical assessment as the bank sought to refine their skills for modern and innovative banking requirements before integrating them into the system to put their knowledge into practice in Wema Bank and ALAT departments.

Orange One Finance Limited, a fast-growing loan and asset financing firm, has unveiled a potpourri of offers for Nigerians to meet their financial goals.
Managing Director of Orange-One Finance, Iyobosa Iyamu, listed six products on offer by the company designed to meet the needs of its growing clientele. They include personal loan, asset finance, working capital loan and invoice discounting facility. others are local purchase order (LPO) financing and contract finance.
“We do engage our customers- individuals as well as SME’s, in building a beneficial relationship that helps us partner with them in achieving their personal and business goals,” Iyamu said.

The Orange-One boss cited an example of the company’s loan facility ranging between N500, 000 and N4 million, saying it’s targeted at meeting the urgent needs of customers.

The loan, which is payable in a space of one year, is available to professionals in the banking sector or blue chip/multinational organisations. 

March 01, 2022 Written by
Published in SME Opportunities

Inflation Drops to 15.60%

he Consumer Price Index (CPI) which measures inflation moderated to 15.60 per cent (year-on -year) in January compared to 16.47 per cent in the corresponding year, the National Bureau of Statistics (NBS) said Tuesday.

The 0.87 per cent decline indicated that the headline inflation rate slowed down in January when compared to the same month in the previous year.

However, month-on-month, the headline index slowed to 1.47 per cent in January, representing 0.34 per cent points moderation compared to1.82 per cent recorded in December 2021.

According to the CPI figures for January which was released by the statistical agency, moderation in prices was recorded in all the parameters that determine inflation.

The composite food index slowed to 17.13 per cent in January compared to 20.57 per cent in January 2021 while month-on-month, the food sub-index stood at 1.62 per cent in January 2022, down by 0.57 per cent points from 2.19 per cent recorded in December.

The Chief Executive Officer, Purplestone, Lillian Agbakoba, has disclosed that the brand is providing sustainable centralised platform to help small and medium enterprises reach their consumers in Nigeria and across the globe.

Addressing journalists during the Lagos launch recently, she said Purplestonemall.com online shopping platform otherwise known as Purplestone Mall or Purplestone, would enable individuals and businesses buy and sell goods in the same online shopping space.

 With a flexible payment system that has great utility, she expressed optimism that Purplestone entry into the digital market space would support the 67 per cent ambitious and industrious youth entrepreneurs in Nigeria to expand their geographical reach, grow their customer base and achieve high sales turnover.
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We are focused on the development of Micro, Small and Medium Enterprises (MSME) and aims to assist new and existing entrepreneurs to overcome obstacles to growth through access to finance, proper business planning and developing entrepreneurship skills.