Dear Subscriber,

Hold yourself accountable

Every year begins with big dreams— sales targets to hit and goals to crush by December. But here is the truth: no goal achieves itself. Progress is not made in leaps but is built in small, daily steps. In the words of Julia Carney. “Little drops of water, little grains of sand, make the mighty ocean and the pleasant land.” In business, those “little drops” are your daily transactions—sales, expenses, and profits. Without proper record-keeping, how do you track progress or make informed decisions? In the lifestyle section of this Unity Bank Digest, we unpack the benefits of record-keeping and how it can transform your business. Do not just set goals—track them!

Two sides of a coin

Consumers were breathing a sigh of relief after the announcement of a 7% drop in the pump price of petrol to ₦860/litre in February 2025. However, this relief was quickly overshadowed following the Federal Government’s proposal to review electricity tariffs to bridge the gap between Band A and non-band A customers. If implemented, the rise in electricity costs could make it more expensive for consumers to rely on national power supply than alternative energy sources like petrol. This, in turn, will alter household and business spending patterns. With only 15% of electricity users (Band A) shielded from the increase, the remaining 85% face difficult trade-offs of either absorbing higher energy costs or cutting essential expenditures.

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.