Thursday, July 31, 2025
24 C
Lagos

Unity Bank’s Yanga Account for Women Garners 97, 000 Customers in a Year

Yanga, a retail account designed exclusively (Only) for women by Unity Bank Plc has garnered more than 97, 000 customers across the country in just one year of launch. The Yanga Account was launched into the Nigerian market in November 2021.

The numbers came from Plateau State (45, 000); Katsina State (30, 000); Sokoto State (9, 000); Lagos (8, 000) and Uyo-Akwa Ibom State (5, 000).

Mr. Funwa Akinmade, Divisional Head, Retail, SME & E-Business at Unity Bank Plc said in an exclusive interview with Business Journal in Lagos that the Yanga Account model is a win-win product for women in Nigeria, the Central Bank of Nigeria (CBN) policy on financial inclusion and Unity Bank Plc.

“The Yanga name for the account is to have a name that relates and resonates with women. We established the account for women only because present market research indicates that 52 percent of unbanked people in Nigeria are women. This implies that millions of women in the country are left hanging (gap) in terms of having access to financial services, especially market women. Accordingly, the Yanga Account is a great opportunity for women without bank account in Nigeria to enjoy the services of banks without much stress or hassle, in addition to a lot of value-added services from Unity Bank Plc.”

Akinmade listed some of the value-added services for Yanga Account holders to include capacity building seminars/workshops, customized debit card, dedicated sales agents and opportunity for savings & investment.

He named health insurance provision for the account holders as yet another major benefit for women who signs up for the account. He said the health insurance scheme is offered through the services of two leading Health Management Organisations (HMOs) namely Ventura HMO and Ultimate Health.

The major features of the Yanga Account model include fast & seamless opening process, zero documentation, zero opening balance, maximum single deposit of N50, 000 and maximum balance of N300, 000.

 

spot_img
spot_img
spot_img

Hot this week

Two NCDMB Leaders Bag Doctorate Degrees at UNIPORT Convocation

Two senior officials of the Nigerian Content Development and...

Sovereign Trust Insurance Reports 109% Insurance Revenue Growth in 2024

Sovereign Trust Insurance Plc recently released its 2024 audited...

NAICOM Issues Guidelines for Insurtech Operations Effective Aug 1

The National Insurance Commission (NAICOM) has officially issued operational...

Leadway Assurance: Official Insurance Partner of Lagos International Trade Fair 2025

L–R: Juliet Okon, Head, Alternative Channel and High Net-worth...

NNPCL: Port Harcourt Refinery Not for Sale

Group CEO, NNPC Limited, Engr. Bashir Bayo Ojulari addressing...

Topics

SMEDAN: 100 Small Businesses for 2022 MSME Fair in Lagos

Mr. Olawale Fasanya Director-General SMEDAN Over one hundred micro small and medium...

Stanbic IBTC Bank Showcases upgraded EOL 2.0 Transaction Solution

Stanbic IBTC Bank Limited, a subsidiary of Stanbic IBTC...

NAICOM, EFCC Explore Partnership to Sanitise Insurance Sector

The Management of the National Insurance Commission (NAICOM) led...

Stanbic IBTC Bank PMI: New Order Growth at 7-month Low in June

June data signaled a broad stagnation of the Nigerian...

MTN Denies Improper Repatriation of $13.92bn

MTN has vigorously denied lingering allegations of improper repatriation...

Workbarn Consulting Targets Job for 500 Young Nigerians in 2020

(L-R) Temitope Oyadele, Learning & Development Manager, Nestle Nigeria;...

Stanbic IBTC Tops List of Banks With Gender Balance In Executive Positions

  Stanbic IBTC Holdings PLC, a member of Standard Bank...

PenCom: ‘We are Committed to Safety of N14.2tr Pension Funds’

The National Pension Commission (PenCom) said it is committed...
spot_img

Related Articles

Popular Categories

spot_imgspot_img