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UNION BANK: How to Achieve your SMART Financial Goals in 2016

Published

6 years ago

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Everyone desires financial success, but that desire must be matched with SMART financial goals to translate to success.
Most times, we set financial goals that are self-defeating. The reason why it seems like New Year resolutions to eat healthier or exercise regularly almost always fail by the second month of the year is because most times, we do not set clear parameters for success. In the end, our resolution becomes merely a wish.
Setting S.M.A.R.T. financial goals forces us to become accountable and ensures that we actualize our goals towards financial security.
With a brand promise to make banking simply and smarter, Union Bank has created several solutions to ensure that customers meet their financial goals when they make SMART decisions about their finances.
MAKING S.M.A.R.T FINANCIAL GOALS:
1. BE SPECIFIC
First, your financial goals should be as specific as possible in order to successfully achieve exactly what you want. Always include as much detail as possible.
How much do I earn?
How much do I spend?
What are my fixed expenses?
How much disposable income do I have?
Being able to answer this questions then you can know exactly how much you have to spend.
Union Bank created the UnionKorrect savings scheme to conveniently help its customers achieve their financial goals. Whether your dream is to buy a car or save towards the purchase of a land, with as little as N5000 monthly savings with your UnionKorrect account, we will set you on a path to achieving your dream over a set period of time. In addition, with UnionKorrect customers stand a chance to win up to N1million in a quarterly draw. With UnionKorrect, you can save small and do big things. To open a UnionKorrect account, call 0700 700 7000.

2. YOUR GOAL SHOULD BE MEASURABLE
In order to achieve your goal, it must be measurable. For example, simply saying “I want to save more” is not measurable. Even if you have a vague idea of what that would mean for yourself, you have no way of knowing when you’ve achieved it or how you plan to achieve it. If you were to say, “I would like to save N1, 000,000 in 4 years for a plot of land” this would be measurable and achievable with a UnionKorrect account. A standing instruction is placed on your existing Union Bank account and your UnionKorrect account is credited monthly with starting at N5000 or any multiple amount you specify.
A standing order (or a standing instruction) is an instruction a bank account holder gives to his or her bank to pay a set amount at regular intervals to another account.
3. IS YOUR GOAL ATTAINABLE?
Ensure to set financial goals that are attainable. This is why setting specific, detailed goals are important. By identifying what you hope to achieve, you can identify potential roadblocks and obstacles that could make it difficult to get where you want to be financially.
4. BE REALISTIC
Much like your goal should be attainable, it should also be realistic. While we aren’t suggesting that realistic should equal easy, ensure that your goals present a challenge you are able to overcome. It will take effort but it is not impossible.
5. TIMELY
Lastly, ensure that your goal is timely. In order to be measurable, your goals must have a well-defined timeframe. Often times, we do not consider time when we set our goals and it leads us to setting high expectations over a short period of time, causing us to abandon our goals midway when we don’t see the desired progress. UnionKorrect is a tenured savings solution that helps you achieve financial progress over a reasonably set period of time ensuring that you are not overstretched as you work towards your financial goals.
So, have you set your SMART financial goals? Call Union Bank today on 0700 700 7000 and sign up for UnionKorrect or any of our other financial solutions to help you achieve you goals.
Not a Union Bank customer yet? Visit any of our branches or Smarter Banking Centers and select the right financial solution for you.
Our Smarter Banking centers are self-service branches designed for technology savvy customers who want quick, easy, on-the-go banking.
With other smart solutions like UnionMobile – our mobile banking app and our online banking platform UnionOnline, you can access secure and convenient banking services 24 hours a day, 7 days a week.
To learn more about how Union Bank is making banking simpler and smarter, please visit www.unionbankng.com and follow us on social media
https://www.facebook.com/UnionBank

https://www.youtube.com/user/UnionBankNG

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Asiko deepens gas penetration, unveils 300 metric tonnes LPG/CNG depot in Benin

Published

2 days ago

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September 21, 2023

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… to grow in geometric progression- Alex Ogedegbe

… We are going to expand into CNG, LNG Gas Station- Abubakar Folami 

 

 

Asiko, a leading provider of clean energy solutions operating in Nigeria’s energy sector, has continued to contribute to the economic development of the country with its sterling efforts to ensure in-country utilisation and deepening of gas penetration in the nation, as it unveils 300 Metric Tonnes Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG) depot in Utesi, Ikpoba Okha local government area of Edo state.

 

This project invariably aligns with the federal government’s priority objective to attain 5 million MT of LPG consumption by 2023.

 

Speaking at the official commissioning of the gas depot, the Chairman of the Asiko Group, Engr Alex Ogedegbe, expressed that the gas potential of Nigeria is enormously huge and the LPG/CNG depot is designed to provide much-needed energy solution to Nigeria and beyond.

 

“Today, we are excited to launch our 300MT LPG and CNG depot. The multi-product gas depot, promises to improve gas availability and distribution in the region.”

 

According to him, “The LPG/CNG depot is poised to become a hub for a wide range of gas products. Under its licensing agreement, the depot is authorised to store Propane, LPG (Liquefied Petroleum Gas), CNG (Compressed Natural Gas) and Liquefied Natural Gas (LNG). Currently, it stores LPG and CNG, with plans for future development to enable the storage of LNG in the near future. The 300MT depot, the biggest in Benin, marks an added step towards contributing to a clean energy future and the realisation of the Federal Government’s decade of gas initiative.”

 

Ogedegbe said, “Nigeria is endowed with up to 183 trillion cubic feet of gas deposit, and we have not consumed up to 5% of that deposit in Nigeria today. Imagine how much we can distribute to Nigerian society and beyond if we have installations and facilities like this that we are commissioning today.

 

 

Also speaking to newsmen at the event, Mr Abubakar Folami, a Director at Asiko, said that the company has similar inland depots and plants across Nigeria, with an impressive inland Propane and LNG terminal currently under construction in Ijora, Lagos.

 

Similarly, the Utesi Community head, (Okaighele) Mr Monday Edo, said he was very happy about the project commissioning.

 

This LPG/CNG depot is not just a beacon of progress for the energy sector; it also carries a profound impact on the local community. The depot is expected to generate over 100 job direct and indirect job opportunities, contributing significantly to the economic welfare of the region. The creation of these jobs underscores Asiko’s commitment to empowering and uplifting the economic activities of its host communities.

 

Asiko is a leading provider of clean energy solutions in Nigeria, dedicated to delivering a comprehensive network of sustainable, accessible, and innovative clean energy solutions. With a focus on LPG, LNG, CNG, propane, and renewable energy, Asiko drives the region’s clean energy transition and ensures energy security.

 

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News and Report

Tingo Media CEO Agbonwaneten to bury mum in PH

Published

6 days ago

on

September 17, 2023

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It will be a carnival of sort as the Chief Executive Officer of Tingo Media, Mr. Ebuwa Martins Agbonwaneten has concluded plans to hold the funeral of his mother, Princess Karina Namikpoh who passed away at 68.

A statement by Agbonwaneten, who is also the CEO to The Dozy Mmobuosi Foundation, a non-governmental organisation owned by billionaire technology entrepreneur, Dozy Mmobuosi on behalf of the family, said their matriarch will be laid to rest in Port Harcourt, Rivers State on September 29- October 1, 2023.

A service of songs and tributes hold in her honour on Friday, September 29 at Azny Place, No 2 Louis Drive, opposite Nextime supermarket, GRA Phase 3, along Abacha Road, Port Harcourt.
Funeral service hold on Saturday, September 30 at Vaults & Gardens, Aggrey Road, off Cemetery Road Port Harcourt.

An interment reception will take place at The Palacios Event Centre, 63 Woji Road, Phase 2 Port Harcourt.

On Sunday, Oct 1, thanksgiving service will take place at Hilltop International Christian Centre, 7 Hilltop Drive Waterlines/Elekahia Link Road Port Harcourt.

Agbonwaneten extended invitations to colleagues, associates and business partners, saying interesting activities have been lined up for their unforgettable experiences.

“As you may already know, my mother’s burial is scheduled for the 29th – 30th of September, 2023, in Port Harcourt. This event is not just a somber occasion; it’s a celebration of a remarkable life and a chance to bid farewell to an extraordinary woman.

“I want you to be a part of this grand celebration. It’s an opportunity to join me in giving my mother the dignified and joyous send-off she deserves. I assure you; we have prepared an unforgettable experience for all who attend!

“Transportation will be seamless, with arrangements and adequate security in place for those traveling from Lagos, Benin, Abuja and all all over the world to Port Harcourt—all free of charge.

“We’ve secured top-notch hotel accommodations to ensure your stay is comfortable and convenient. Our event planning team and funeral directors rank among the industry’s finest, ensuring that every detail is meticulously attended to.

“You may already know my reputation as a gracious host, and I promise you won’t be disappointed. Our menu boasts a delectable array of cuisine, from continental delights to local favorites like ‘nkwobi,’ ‘pepper soup,’ ‘bolé,’ ‘starch and banga’, and more. The drink selection is equally impressive, featuring a range of choices from Champagne, Hennessy, Glenfiddich, Jack Daniels, cocktails, assorted wines, both alcoholic and non-alcoholic, and more,”he stated.

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News and Report

Nationwide Blackout As National Grid Collapses Again…

Published

1 week ago

on

September 14, 2023

By

 

Nigeria has again been thrown into darkness after the national grid system, operated by the Transmission Company of Nigeria (TCN) from Osogbo in Osun State collapsed.
A check by The Guardian in the early hour of today showed that the grid plummeted to a meagre 273 megawatts of electricity coming from two out of the over 27 electricity generation.
This comes barely a week after TCN, rolled out the drum to celebrate a questionable 400 days of grid stability.
A number of Distribution Companies confirmed to The Guardian that the grid went down at 00:41 AM, disclosing that most of their feeders are out.
As of 4:00 a.m. on Thursday, five generating plants were on the grid. Afam VI had 0.70MW, Dadinkowa was generating 0.00MW, Ibom Power had 32.90MW, Jebba had 240MW and Olorunsogo was on the grid with zero generation.
At about 1AM midnight, the total power on the grid was 35MW, indicating that the country experienced a total collapse.
The grid went to 193MW at about 3AM before climbing to 273MW when this report was filed.
The TCN has not responded to inquiries by our correspondent about the development.

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