E-Financial
Polaris’ ‘Save N Win’ Promo: Another Set Of 50 Winners Emerge
Another set of 50 lucky Nigerians have emerged winners in the monthly draw of ongoing Polaris “Save N Win” promo.
The draw which took place at the Polaris Bank Headquarters in Victoria Island, Lagos last weekend, is in line with the Bank’s commitment to rewarding its esteemed customers.
The draw event was witnessed by representatives of the relevant regulatory Agencies in Nigeria who attested to the transparency of the draw.
The representatives of Federal Competition & Consumer Protection Commission (FCCPC) and Advertising Regulatory Council of Nigeria (ARCON) all confirmed that the 50 lucky winners were selected from various regions spanning the six geo-political zones of Nigeria with each winner receiving a cash prize of N10,000.
During the draw, winners were called at random using a hybrid media technology which enabled in-premises event, as well as virtual participation of several customers and members of the public through the Bank’s virtual network and social media handles.
The “Save N Win” promo has excited numerous customers of Polaris Bank across Nigeria, offering them a unique opportunity to save money and win cash prizes. This initiative not only promotes a culture of saving but also provides customers with a chance to achieve their financial goals while enjoying the thrill of winning.
The 50 lucky individuals account with Polaris Bank automatically get credited in five (5) working days with their winning cash prizes.
Speaking at the draw, Polaris Bank’s Chief Digital Officer (CDO), Dele Adeyinka, expressed the Bank’s gratitude to its customers for their unwavering trust and support. He emphasized the Bank’s commitment to improving the financial well-being of its current customers and prospects. He thanked them for choosing Polaris Bank as their preferred banking partner.
Polaris Bank remains dedicated to providing innovative financial solutions and rewarding its customers for their loyalty. With the ongoing “Save N Win” promo, Polaris Bank continues to demonstrate its commitment to empowering individuals and communities through financial inclusion and responsible banking.
Below are four (4) ways to participate in the ongoing Polaris Save & Win promo:
1. Download VULTe on iOS and the App store to open a Polaris Savings Account or dial USSD *833*0# on your phone or log into Polaris Bank savings portal.
2. Grow your account by N10,000 or more and maintain for 30 days or by N10,000 for 3 consecutive months to qualify for monthly & quarterly draws respectively.
3. If your account is dormant, you can reactivate your account without visiting the Bank by simply dialing *833*30#.
4. Follow the Bank’s handles @polarisbankltd across all social media platforms or visit the website to stay updated.
Polaris Bank, adjudged Digital Bank of the Year 2021 and 2022, is a future-determining Bank committed to delivering industry-defining products for individuals and businesses.
Central Bank of Nigeria (CBN) spent N315.18bn on currency issue expenses in 2024, marking a sharp increase of 306 per cent compared to N77.67bn recorded in 2023, the apex bank’s audited financial statement for the year has shown.
Currency issue expenses cover the printing, processing, distribution, and disposal of banknotes.
The latest figures reveal that the CBN’s cost of managing physical cash spiralled dramatically during the year under review, as Nigeria grappled with lingering cash shortages and disruptions in the money supply chain.
The surge in expenditure came as the country continued to deal with the effects of the naira redesign policy introduced in late 2022.
Despite efforts to stabilise cash circulation throughout 2023, Nigerians still faced queues at ATMs and difficulties in accessing cash in early and late 2024.
Faced with mounting public outcry, the CBN deployed several emergency measures to address the crisis.
Deposit Money Banks were directed to ensure consistent ATM loading and rural cash distribution, while the Bank also launched public hotlines for citizens to report cash scarcity incidents.
Also, the CBN ramped up enforcement efforts, including deploying monitoring teams, issuing sanctions against non-compliant banks, and mandating improved cash distribution.
PalmPay, a full-service digital bank, has reaffirmed its dedication to advancing the future of payments in Nigeria by promoting the widespread adoption of contactless-enabled payment terminals.
This was made known during the recently concluded BusinessDay Future of Payment Conference, themed “Fintech Evolution: Gateway to Payments.” In his welcome address, BusinessDay Publisher, Frank Aigbogun, emphasized that the next phase of fintech innovation must be driven not only by speed, safety, and simplicity but also by trust, inclusion, and accessibility to ensure broad-based impact across all segments of society.
Talking about PalmPay’s impact in the panel session titled “The Next Wave of Digital Payments: Trends and Innovation,” Ifeanyi Uzoka, Senior Business Development Manager at PalmPay, discussed the evolving landscape of digital payments in Nigeria.
He noted that while regulatory frameworks have supported the introduction of contactless payments, the high level of cash dependency remains a key barrier to widespread adoption.
“At PalmPay, financial inclusion is central to everything we do,” Uzoka stated. “To support this mission, we’ve launched contactless-enabled debit and premium cards, ensuring our users have access to convenient and secure payment experiences. We also understand that trust is critical, which is why all contactless transactions on PalmPay’s platform include an additional layer of authentication for enhanced security.”
PalmPay continues to lead innovation in Nigeria’s digital finance ecosystem by delivering secure, user-friendly, and future-ready solutions. The company’s recently launched debit and premium cards in partnership with Verve are now serving its growing base of over 35 million users nationwide.
This move into contactless payments underscores PalmPay’s alignment with global payment trends and its ongoing commitment to building a more inclusive and digitally empowered economy.
First Asset Management Limited, a leading investment management firm in Nigeria and a subsidiary of First HoldCo Plc., has announced a significant milestone, the company has surpassed ₦1 trillion in Assets Under Management (AUM).
This achievement reflects the firm’s steadfast commitment to delivering exceptional client service and strong investment performance. It also underscores the trust and loyalty shown by its clients, partners, and stakeholders, which have been instrumental in driving the company’s sustained growth.
Speaking of the milestone, Ike Onyia, Managing Director of First Asset Management Limited, credited the accomplishment to the enduring support of the firm’s clients and stakeholders.
“This milestone is a clear indication of the confidence placed in us by our clients and partners. It highlights the firm’s ability to deliver successful investment outcomes and reinforces its dedication to fulfilling its mandate,” Onyia said.
He went on to express deep appreciation to the firm’s clientele: “The continued partnership of our clients is not taken for granted. Their commitment has been pivotal, and the performance of their investments inspires the team’s dedication to providing best-in-class service. As the firm continues to grow, it remains focused on deploying innovative and forward-looking investment strategies tailored to each client’s financial goals.”
Experts Urge Adoption of Digital Tools to Strengthen Nigeria’s Compliance Culture
Afreximbank to Fund African Energy Bank with $19bn
Firm Finds Leaked Netflix, Roblox and Discord Accounts Registered on Corporate emails
Digital Payments Reshaping West Africa’s Largest Market, Unlocking Economic Growth
Navigating the Maze: Solutions for Nigeria’s Flourishing Foodtech Industry
E-Business2 days agoExpert Urges FG to Leverage Digital Assets to Drive Diversification Goal
General News2 days agoSeamlessHR, AOPN Push Payroll Innovation for Nigeria’s Outsourcing Growth
General News2 days agoFG Faults AfDB’s Adesina on Nigeria’s GDP Per Capita Figures
News2 days agoCabals Still Fighting our Refinery – Dangote
Telecom2 days agoTelcos Plan Zero Tariff in Some Regions with Low Opex
E-Financial2 days agoFirst Asset Management Surpasses ₦1 Trillion in Assets Under Management
Telecom2 days agoAVEVA Appoints Sébastien Ory as EMEA VP Partners & Channels
News2 days agoNPAN Hails Tribunal’s Ruling on FCCPC’s $220M Fine Against Meta