By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-Union Bank of Nigeria Plc (UBN) on Friday said it has offered N1 billion facilities to Nigeria’s first and leading online travel company, wakanow.com for its affiliate agents.
This is contained in a statement by Francis Barde, head, media & especial projects of the bank and made available to InvestAdvocate.
According to Kingsley Ulinfun, the bank’s head of commercial banking and regional executive, Union Bank is excited about this partnership as it gives the bank an opportunity to work with growing businesses and expose the banks revamped services.
‘’This partnership is about growth; growth for the affiliates, growth for Wakanow and growth for Union Bank,” he said.
Ulinfun affirmed the partnership is structured to provide funding to qualified agents and affiliates of Wakanow to improve business turnover and grow their margins. ‘’Making funding more accessible to this market segment will lead to expansion of the travel industry as a whole,’’ Ulinfun said.
The bank said to qualify for this partnership scheme, the existing Wakanow sub agents and affiliates must be a registered Nigerian company in existence for a minimum of two years with a monthly sales figure of N2 million and a clean credit bureau record.
The bank further affirmed it’s committed to the development of industries across the country, through partnerships which facilitate economic empowerment across different segments of society.
Wakanow.com Nigeria’s first and leading online travel company offers travelers the cheapest available fares for flights, hotel reservations, airport pickups, visa assistance, vacation packages and many other travel services from a broad selection of partners.
Established in 2008, Wakanow was founded as Nigeria’s first online travel company to bridge the gap and inefficiencies in Nigeria’s online travel space.