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Fidelity Bank Holds Second Draw of GAIM 5 Promo

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Second Draw of GAIM 5 Promo

By Modupe Gbadeyanka

The second draw of the Fidelity Bank Get Alert in Millions Season 5 promo (GAIM 5) has produced a new set of millionaires.

The new millionaires at the recently-held draw in Victoria Island, Lagos were Ajoma Rachel, Stanley Sunday, Musbahu Kabiru, Usman Abdulkadir, John Uchechukwu, Oluwatayo Oladipupo, Esther Eloho, Sophia Sefera, Amarachi Sarah Anyacho, and Obi Chinelo.

According to the Executive Director in charge of Lagos and Southwest Directorate of Fidelity Bank, Dr Ken Okpara, the lender is “always looking for opportunities to help our customers grow” as a bank that places customers at the centre of everything.

“Two months ago, we kicked off the GAIM 5 promo to reward our customers and demonstrate our commitment to improving their lives and wellbeing.

“Today, we are excited at how happy we have made some of our most loyal customers. We remain committed to providing rewarding experiences and best-in-class services for our clients,” Dr Okpara added.

Also speaking at the event, the Divisional Head, Product Development, Osita Ede stated that, “We have earmarked the sum of N125 million for total cash rewards this season which we would be giving out in weekly, monthly and grand draws till the campaign ends in July 2022.

“We encourage our customers to save up to increase their chance of winning and those yet to open an account to do so today. At the end of the campaign season, we want to celebrate customers who make savings second nature.”

It was gathered that the second draw of GAIM 5 promo was witnessed by representatives of regulatory organisations like Ms Oyinkan Kusamotu, Senior Legal Officer, Lagos State Lotteries & Gaming Authority; Mr Tanko Mohammed, Head, Monitoring & Enforcement, Lagos State Lotteries and Gaming Authority; Mrs Susie Onwuka, Head, Lagos Office, Federal Competition & Consumer Protection Commission (FCCPC) and Ms Chioma Amanoh, Lagos Office, National Lottery Regulatory Commission (NLRC).

Since the commencement of the fifth season of the promo in November 2021, the bank has enriched over 460 customers with various cash prizes.

Fidelity Bank is a full-fledged commercial bank operating in Nigeria, with about 6 million customers who are serviced across its 250 business offices and digital banking channels. The bank is known for exceptional customer service and digital innovation.

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Jumia shares up 23% on back of possible Zinnox acquisition

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Jumia logo

The share price of online e-commerce giant Jumia is up 14% in pre-market days after Naijaonpoint reported a possible acquisition bid by rival Zinnox Technologies, owners of Konga.

Shares of Jumia fell 11.32% on Wednesday to $4.78 as investors flee tech stocks amidst a market sell-off that has engulfed US Stocks. The share price is currently trading at $5.89 ahead of the market opening up from $4.78 when Naijaonpoint first reported a possible acquisition.

The share price is now up 23% since the reported possible acquisition plans.

Naijaonpoint had earlier reported that hat Chairman of the Zinox Group, and billionaire, Leo Stan Ekeh, has been scooping Jumia shares indirectly suggesting a possible acquisition could be in play if the opportunity arises.

Tech Stocks recorded a broad spectrum of losses last week as investors reacted to rising inflation and US FED action to hike interest rates. However, tech stocks seem to have rebounded on Thursday according to prices tracked via Seeking Alpha, a US-based Stock Market Website.

“According to Seeking Alpha, tech stocks like “Fiverr (FVRR +8.7%), Etsy (NASDAQ:ETSY +9.8%), Carvana (CVNA +22.1%), Shopify (NYSE:SHOP +6.4%), Coupang (CPNG +17.7%), Chewy (NYSE:CHWY +6.4%), and Wayfair (NYSE:W +5.0%), Jumia Technologies (JMIA +5.8%), and Blue Apron (APRN +5.9%), and more were some of the biggest gainers on the day” The move upward certainly breaks with the year-to-date trend for each, as each name save for Blue Apron (APRN) has been more than halved so far this year.”

Jumia is expected to declare its result on May 17th, 2022, and will host an investor presentation at 8:30 a.m. US Eastern Time on the same day.

... Jumia shares up 23% on back of possible Zinnox acquisition Read More on ... Naijaonpoint.

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Imperatives of Adopting Extra-Curricular Nation Building Approach

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Extra Curricular

By Jerome-Mario Chijioke Utomi A path-breaking study has shown that globally, governments are resource and bandwidth-constrained and hence, need to prioritize productivity-enhancing policies. To do so requires information on the nature and magnitude of market failures on the one hand, and government capacity to redress them successfully on the other hand. This piece, however, believes […]

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