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Tag: ALAT

  • Wema Bank To Support SMEs In Port Harcourt With SME Business School 4.0

    Wema Bank To Support SMEs In Port Harcourt With SME Business School 4.0

    Wema Bank Plc, the pioneer of Africa’s first fully digital bank, ALAT, has once again demonstrated its unwavering commitment towards developing the capacity of SMEs in Nigeria to scale by launching the fourth edition of its SME Business School in Port Harcourt.

    Designed to help build capacity for SMEs in the country, Wema Bank’s SME Business School was launched in Lagos in 2021. The second edition took place virtually, while the third edition happened in Abuja. Now making its journey to the South-South geopolitical zone of the country, the initiative has helped to equip SMEs in various parts of the country with the business management knowledge and skills required to effectively run their enterprises and respond to the ever-evolving challenges of today’s business world.

    According to the Divisional Head, Retail Business at Wema Bank, Dotun Ifebogun, the Wema SME Business School was birthed in a bid to close the critical knowledge gap in the SME space in Nigeria, and each edition of the programme takes place in a different part of the country to ensure that SMEs all around the country participate and benefit.

    He mentioned that the 4th edition of the Wema SME Business School, which holds in Port Harcourt and starts on Monday, November 14, 2022, would impart contemporary business management skills and knowledge to growing businesses operating within the South-South region of the country. “We intend to make them champions and successful enterprises, thus supporting the economic growth of the country,” he said.

    He disclosed that the bank has collaborated with top-notch consultants from renowned organizations within and outside Nigeria, including Deloitte, Facebook (Meta), and Nexford University, to serve as facilitators on the programme and ensure that the participants get an immersive and invaluable learning experience.

    Dotun further noted that the initiative would be a meaningful addition to SMEs seeking to scale and strengthen their market positions.

    “As an SME-friendly bank, we understand that starting and running a business in Nigeria is no small feat, and there are lots of challenges that SMEs face.

    “We started the Wema SME Business School to equip them with relevant and practical knowledge that will guide them in the effective running of their businesses and to surmount any challenges that they encounter.

    “Through this, we can tackle problems such as poor access to finance, poor market access, technological disruptions, and macroeconomic uncertainty. All in all, we will equip them with fresh ideas and insights that will help them to take their businesses to a higher level,” he said.

    Businesses interested in leveraging this opportunity and participating in the Wema SME Business School 4.0 can register with the link https://forms.gle/TRj7ACzTQJkWrb3D8.

    The Wema SME Business School is one of the various beyond-banking initiatives offered by Wema Bank PLC to complement its bespoke financial offerings for SMEs.

  • Friends rain money on Davido as superstar opens ALAT account

    Friends rain money on Davido as superstar opens ALAT account

    Nigerians continue to show brand love for Nigeria’s leading digital-driven financial institution, Wema Bank, with music super star, Davido being the latest to identify with the bank.

    Ahead of his 29th birthday on Friday, November 19, the global music star opened a Wema Bank account and asked people to donate.

    “If you know I’ve given you a hit song…send me money… una know una selves ooo,” he initially wrote on Instagram before adding his account details, “David Adeleke, Wema Bank Account Number: 0123044967.”

    Less than 24 hours after his post, friends and fans started dropping money into the account, with N57 million donated as at 3:50pm on Wednesday.

    The development has sent Nigeria’s social media agog, with tweeps and others commenting on Davido’s bold move and affirming that contrary to insinuations, Wema Bank is indeed a youth-centric bank and not just for old people.

  • Wema Bank partners MOD to aid Education Advisory Service for International Students

    Wema Bank partners MOD to aid Education Advisory Service for International Students

    Leading innovative financial institution, Wema Bank has launched an advisory and loan scheme, the Education Advisory Service, in partnership with MOD Education for young Nigerians wishing to study abroad.

    Following foreign exchange control measures introduced by the government, parents and guardians have experienced difficulties paying tuition fees for their children and wards studying abroad. Some who have the money don’t know the requirements for foreign admission and waste lots of time and resources in fruitless searches.

    But to help them surmount these challenges, Wema Bank has partnered with MOD Education, a professional student advisory, marketing, recruitment, and placement company for the advisory services and school fees advance facility.

    The partnership, which was launched on Friday, April 9 at Eko Hotels, Victoria Island, will see both organizations providing innovative education advisory services and funds for international students.

    Speaking about the partnership, Divisional Head, Retail Business, Wema Bank, Dotun Ifebogun explained that the initiative would aid hundreds of thousands of Nigerians requiring advisory and financial support to pay for their wards in foreign schools.

    He explained that as a caring and innovative bank, Wema Bank does not want the aspirations of Nigerians desirous of foreign education truncated, hence the support.

    “We are interested in everything that concerns our customers, and education is one of them. Some parents and guardians desire a certain quality of education for their wards outside the shores of Nigeria, and we would be able to assist them with this product. Our school fees advance loan results from the requests of parents and guardians who need to get short-term financial support to meet the tuition obligation of their wards irrespective of the constant increase in fees,” Ifebogun said.

    He added that with the school fees advance loan in partnership with MOD, parents, and guardians don’t have to withdraw their wards already in foreign universities because of the forex crunch while they would also get necessary counseling regularly.

    “There’s nothing as heartbreaking as withdrawing a child already in a foreign university or being unable to raise the requisite forex for a child offered admission in a top-rated foreign institution of higher learning. But our school fees advance loan will take care of this problem and help secure the futures of such students – both undergraduates and postgraduates. The fact that you get counsel from the right sources at any particular time is another benefit of this product,” Ifebogun said.

    He added that Wema Bank found a worthy partner in MOD Education, with a 15-year track record of helping Nigerians secure admission in reputable partner universities to earn undergraduate and postgraduate degrees.

    Also speaking, the Managing Director, MOD Education, Michael Dosunmu, said that the partnership would open up frontiers of international education to Nigerians whose parents might be able to afford to send them abroad but not stumping up the money once.

    He also expressed gratitude to Wema Bank for the partnership, disclosing that “Wema Bank has been supportive to us as a business and it was just a natural marriage. We trust the bank enough to bank with them, and our trust is enough to recommend it to others.”

    Wema Bank, the creators of Nigeria’s best digital bank, ALAT, has a positive track record of educational interventions in Nigerians’ aid. It partners the Lagos State Universal Basic Education Board for the Project Zero Initiative encouraging out-of-school children to return to schools.