Dear Subscriber,

Alone, we can do little

There is no force for change more powerful than a united community, particularly within the workplace. A strong community fosters a sense of belonging and mutual support, empowering individuals to find balance and purpose in their professional lives. As the well-known African proverb says, “If you want to go fast, go alone; but if you want to go far, go together.” This sentiment proves true in our professional lives, where the community plays a vital role in our overall well-being. Discovering how to make individuals feel connected, appreciated, and supported is why, in the lifestyle section of this Unity Bank Digest, we explore strategies to build and measure the impact of community within your workplace.

Nigeria’s economy: A mirror that does not reflect

Consumers are currently facing persistent petrol scarcity, which has worsened traffic congestion and driven up prices. In August, petrol prices spiked to as high as ₦1,000-₦1,500/litre. This led to a subsequent increase in transportation costs, which currently account for 6.44% of total consumer expenditures. Going forward, the rise in transport fares could limit the expected decline in food prices and further stoke inflationary pressures. This comes after a modest decline of 0.79% in Nigeria’s headline inflation to 33.40% in July and an economic growth of 3.19% in Q2’24.

This edition of the Unity Bank Digest provides a comprehensive analysis of these economic trends and engaging lifestyle and entertainment stories for your reading pleasure.

Enjoy your read!