Dear Subscriber,

Believe it, achieve it

Days pass by like the wind, and individuals often face endless distractions. In the rush, our goals sometimes feel like distant dreams. A vision board is a tangible reminder of what you are working towards. This tool is essential because it aids in refocusing and unlocking our full potential. As an American author and journalist, Napoleon Hill once said, “Whatever the mind can conceive and believe, it can achieve.” Whether you want to manifest career success, personal growth, or a healthier lifestyle, creating a vision board helps to bring clarity and motivation. The lifestyle section of the Unity Bank Digest guides you through building your vision board to unlock your full potential.

Last leg of the race

The last quarter of the year started off on a bad note with the naira trading at ₦1,700/$ (as of September 30) in the parallel market. This marks a return to levels last seen in February 2024. Moreso, Nigeria’s unemployment rate climbed to 5.3% in Q1’24 from 5% in Q3’23 amid talks of an increase in the minimum wage. On September 25, the National Youth Service Corps (NYSC) announced a 133% increase in corps members’ monthly allowance to ₦77,000 from ₦33,000. This is of great importance given that Nigeria’s population is characteristically youthful (70% of the total population). Consequently, about 30 million individuals are set to benefit from the recent increase in monthly allowances, given that approximately 20% of Nigerian youths are eligible to enroll in the NYSC program.

In all of this, inflation remains a pressing concern, despite its second consecutive monthly decline to 32.15% in August. This figure represents the lowest level in six months; however, risks remain elevated.

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!