Connect with us

Business

Simple steps to Getting a Loan from Polaris Bank

Published

on

77 Views

Nigeria’s most trusted bank, Polaris Bank has unveiled simple steps for salary earners to access loans in order to meet their financial needs, like payment of school fees and house rent, buying a car, among others.

The bank said salary earners with bank account, can get multiple of their annual salary or 50 per cent of their monthly salary, credit card, auto loan, and mortgage.

The bank statement reads:

Polaris Salary account offers you convenience to get loans to meet your financial needs when you need it. You can get multiple of your annual salary; or 50% of your monthly salary; Credit Card; Auto loan and Mortgage.

You also enjoy:

Pre-approved personal loan: Get pre-approved personal loan tailored to your needs.

Instant loan disbursement: Experience instant loan disbursement, ensuring that you receive the funds you need promptly and efficiently.

Loan buy-over and top-up: Simplify your financial obligations and consolidate your loans with ease. If you already have existing loans, Polaris Bank provides the option to buy over, you can also top up your loan.

Zero operating and opening balance: When you open a Polaris Salary Account, you won’t have to worry about any operating or open balance requirements. Enjoy the convenience of managing your finances without unnecessary restrictions.

No branch visit: As a busy professional, your time is valuable. Do all your banking at your convenience anytime, anywhere on VULTe, no need for a branch visit.

No paperwork: Say goodbye to tedious paperwork! No paper work is required to open a Polaris Salary account.

Open an account on VULTe and use “Salary Account” as your referral code.

Don’t have a Polaris Salary account? Make the move today in Four (4) simple steps:

Sign up on VULTe digital bank.

Open an account (note to have your identity cards ready).

Use “Salary Account” as your referral code.

Advise your employer to pay your salary to your Polaris Bank account and start enjoying the benefits.

Polaris Bank is redefining banking products and services that meet the needs of individuals and businesses. The Bank was adjudged Digital Bank of the Year in 2021 and 2022.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Tanker Owners Accuse NUPENG of Extortion, Excessive Levies

Published

on

6 Views

… As PTD Passes Vote of No Confidence on NUPENG Leaders

The Association of Distributors and Transporters of Petroleum Products (ADITOP) has levelled serious allegations against the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG), accusing it of extortion and excessive levy collections within the downstream petroleum sector.

In a statement released on Monday in Abuja, ADITOP’s National President, Alhaji Lawal Dan-zaki, strongly dissociated the association from the purported strike action by NUPENG, declaring that ADITOP was originally established to counter what he described as the “excesses” of NUPENG, Petroleum Tanker Drivers (PTD), and other groups allegedly collecting illegal levies under NUPENG’s cover.

Dan-zaki alleged that for the past five years, ADITOP had submitted several petitions to top government agencies—including the Office of the National Security Adviser, the Department of State Services, the Inspector-General of Police, and the Secretary to the Government of the Federation—accusing NUPENG of extortion and illegal financial practices.

According to him, NUPENG and its affiliates impose unauthorized levies on petroleum product distributors, including a charge of ₦1 per litre on every product loaded at depots, and an additional ₦1 per litre by marketers, alongside loading fees ranging between ₦80,000 and ₦100,000 per truck.

“This is outright extortion and economic sabotage by NUPENG, PTD, and their affiliated unions and associations,” Dan-zaki stated.

The allegations surfaced just days after the Lagos Zone of the Petroleum Tanker Drivers (PTD) branch of NUPENG passed a vote of no confidence on the union’s national leadership. The vote targeted NUPENG National President, Comrade (Prince) Williams Akporeha, and General Secretary, Comrade Afolabi Olawale, accusing them of “greed, impunity, manipulation, and gross incompetence.”

The internal dissent follows rising tensions over reported resistance by Dangote Refinery and MRS Holdings Limited to unionize their drivers and the rollout of 4,000 Compressed Natural Gas (CNG)-powered trucks for nationwide fuel distribution.

Dan-zaki concluded that while NUPENG continues to feed off these alleged illegal levies, it remits no tax revenue to the federal government, further exacerbating challenges in the downstream sector.

Continue Reading

Business

UPDATE: NUPENG Skips Meeting to Resolve Dispute with Dangote in Abuja

Published

on

34 Views

The leadership of the National Union of Petroleum and Natural Gas Workers (NUPENG) failed to attend a crucial Federal Government meeting aimed at resolving its dispute with the Dangote Group, as tensions escalate over a planned nationwide strike by oil workers.

The meeting, called by the Minister of Labour and Employment, Muhammad Dingyadi, was set for 10:00 a.m. on Monday at the ministry’s headquarters in Abuja. However, by 2:30 p.m., the meeting had yet to start due to the absence of NUPENG representatives.

On Sunday, the Federal Government appealed to NUPENG to postpone the industrial action, assuring that it had intervened in the dispute. It also urged the Nigeria Labour Congress (NLC) to withdraw its “red alert” issued to affiliate unions preparing for a solidarity strike.

An insider noted that even if NUPENG plans to attend the meeting, it won’t be immediate. “They can’t be expected to fly into Abuja and rush into talks the same day. Consultations with NLC leadership and others need to happen first,” the source explained.

The core of the conflict centers on the Dangote Group’s alleged anti-union policy, which NUPENG claims violates workers’ rights. The union insists that no oil worker will be allowed to work at Dangote without union membership, accusing the company of an “anti-worker and anti-union” stance aimed at exploiting refinery employees.

NUPENG officials were still in Lagos on Monday afternoon, coordinating the strike effort. “You don’t wait until a strike is declared before calling for talks,” one union source said, criticizing the government’s delayed response. “The union gave sufficient notice, but the ministry only acted after tensions rose.”

Meanwhile, while journalists awaited the start of the NUPENG meeting, Minister Dingyadi held a separate closed-door session with representatives of the Nigerian Medical Association (NMA).

The government has yet to announce a new meeting date or confirm if NUPENG will participate at a later time.

Continue Reading

Business

UPDATE: NUPENG Accuses Dangote Refinery of Fuel Sector Monopoly, Warns of Massive Job Losses

Published

on

45 Views

The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG), representing Petroleum and Tanker Drivers (PTD), has condemned Dangote Refinery’s decision to deploy 10,000 Compressed Natural Gas (CNG) tankers for petroleum product distribution, calling it a monopoly that threatens the livelihood of thousands of workers in the sector.

NUPENG described the move as anti-labour and harmful to PTD members, highlighting that drivers recruited by Dangote for these operations are reportedly barred from joining any trade union. The union warned this action violates both the 1999 Nigerian Constitution and international labour laws.

Speaking anonymously, some tanker drivers expressed concerns to journalists that unless the Nigerian Midstream and Downstream Petroleum Regulatory Authority intervenes swiftly, the situation could escalate and seriously damage the Nigerian economy, affecting millions of livelihoods.

The tanker drivers outlined several looming risks including:

  • Loss of income for tanker owners and their families
  • Unemployment for drivers, motor boys, and support staff
  • Job losses for truck mechanics, painters, welders, and fabricators
  • Decline in business for spare parts dealers, tyre and battery sellers
  • Negative impact on depot representatives, artisans, and food vendors
  • Financial ruin for transporters who have invested heavily in the sector

They warned that the move could result in millions of job losses, sparking social insecurity, increased poverty, and a surge in unemployment nationwide.

Continue Reading

Trending