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MarketScreener Homepage  >  Equities  >  Nigerian Stock Exchange  >  Unity Bank Plc    UNITYBNK   NGUNITYBANK3

UNITY BANK PLC

(UNITYBNK)
  Report
End-of-day quote. End-of-day quote Nigerian Stock Exchange - 11/26
0.75 NGN   -5.06%
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Unity Bank : Dynamiss partner to promote e-learning

06/23/2020 | 12:24pm EST

Unity Bank Plc has forged a collaborative partnership with Dynamiss, a digital learning solutions provider, to provide low-interest credits to schools to boost access to digital learning resources in Nigeria.

Under the partnership, a full e-learning package comprising Microsoft School Portal, Discounted Airtel Data and Free Contents and Devices powered by Dynamiss will be supported with financing from Unity Bank to enable Schools to acquire the robust Learning Management System at affordable rates.

The Dynamiss' Learning Management System (LMS) has been developed by the largest learning platform provider in the UK in collaboration with Microsoft Corporation.

The provision of Learning Management System is coming at a time when Nigeria grapples with a global pandemic, making it imperative for a digital learning system that combines the advantage of remote learning and rich modern curriculum.

Speaking at a webinar with the theme: 'Affordable Digitalization Conference 2020, Shaping the Future of Education' to unveil the initiative recently, Unity Bank's Head, Personal and SME Banking, Opeyemi Ojesina said: 'Unity Bank is supporting the initiative in order to empower and prepare the next generation for a competitive future defined by cutting edge technology'.

He further stated: 'The e-learning market is estimated to hit over $600 billion by 2025, therefore, partnering with Dynamiss to drive this initiative provides a huge opportunity for everyone interested in the education sector'.

'On our part, we are committed to providing low-interest credit to as many schools that sign up to the Dynamiss Learning Management System across the country. This is in addition to making available to the schools, cost-effective account products suitable and tailored for the schools and their employees.'

Mr Ojesina added: 'Beyond our loan products, which are tailored to assist schools grow their businesses effectively, we also offer rich bouquet that includes, but not limited to asset finance and working capital. This is even as we train and equip schools with the necessary financial tools for success.'

With the fear of the spread of COVID-19 compelling schools to remain shut, it is believed that the adoption of the Dynamiss Learning Management System will help students return to classrooms and mitigate the impact of the loss of learning on students at this period.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
MICROSOFT CORPORATION 0.64% 215.23 Delayed Quote.35.62%
UNITY BANK PLC -5.06% 0.75 End-of-day quote.17.19%
All news about UNITY BANK PLC
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06/24UNITY BANK : Dynamiss Partner to Enhance E-Learning
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More news
Financials
Sales 2019 23 211 M 61,6 M 61,6 M
Net income 2019 3 383 M 8,98 M 8,98 M
Net Debt 2019 251 B 667 M 667 M
P/E ratio 2019 2,21x
Yield 2019 -
Capitalization 8 767 M 23,0 M 23,3 M
EV / Sales 2018 9,25x
EV / Sales 2019 11,2x
Nbr of Employees 1 578
Free-Float 99,0%
Chart UNITY BANK PLC
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Unity Bank Plc Technical Analysis Chart | UNITYBNK | NGUNITYBANK3 | MarketScreener
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Managers
NameTitle
Oluwatomi Somefun Chief Executive Officer, Executive Director & MD
Aminu Ibrahim Babangida Chairman
Ebenezer Ademola Kolawole Executive Director & Director-Operations
Aboyade-Cole Olufemi Agboola Group Head-Information Technology & Operations
Anthony Cossetti Chief Financial Officer & Executive Vice President