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Coolworld Unveils the New Haier ThermocoolEnergy Saving Electrical Appliances into the Nigerian Market

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As part of its efforts to protectthe environment, help in cutting down on power consumption and saving teeming Nigerian consumers some money on electricity bills, the leading electrical appliances retailer, Coolworld Retail Storehasintroduceda new range of Haier Thermocool refrigerators, freezers and air conditionersinto the Nigeria market.

The company states that their new Haier Thermocool ranges of Energy Saving refrigerators and freezers have the ability to save up to forty percent on energy consumption while the Energy SavingInverter DC technology Air Conditioner, aptly named GENPAL, can save up to sixty percent on energy consumption.

According to the company, all the products were birthed out of the desire to give consumers the best comfort experience on home appliance usageat a reduced energy charges.

Speaking at the launch eventin CoolWorld Retail Store in Lagos, the Marketing Director of HPZ Ltd., Mrs. Bukola Bandele disclosed that whether the consumer is a trendy young corporate executive or a busy working mother, the desire to minimize electricity bills and save money as well as sustain a comfortable lifestyle remain constant. “This is why we decided to take ownership of this energy saving conversation by championing the provision of quality energy saving home appliances on all models of our Fridges and Freezers and the new GENPAL; to give everyone greater peace of mind, irrespective of the size purchased,” she explained.

According to her, as the No.1 Electrical Appliance business in Nigeria with Haier Group partner who is No.1 Worldwide for the Sixth Consecutive Years, investment in the project is a true demonstration of Haier Thermocool steering the market in the right direction by delivering right benefits first to the Consumers, the Community where the business operates& the Country at large.
Bukola Bandele added that, the new products are made with improved globally-accepted and environmentally friendly refrigerants. “It has no destructive effect to the ozone sphere; thereby preserving the environment for the future generations. She mentioned that at least 40% of global refrigeration now employs environmentally friendly refrigerants and as such, ‘we are delighted to be the leading organization to employ this technology that reduces our carbon footprint by 97%” she stressed.
Mrs. Bandele reiterated that consumers will have full benefit and experience on all the models &sizes of the New Energy Saving Refrigerators, Freezers and Air-Conditioners which come with significant cost savingson electricity consumption, are environmentally friendly, have faster cooling system and can withstand low voltage supply. She mentioned that the products are now available at CoolWorld Retail stores and other Thermocool showrooms across the country.

She promised that consumers will continue to witness a plethora of innovative and forward-thinking products from the stables of Haier Thermocool as they consistently churn out products with top-notch technology and multiple capabilities that will keep their brands permanently in the minds of consumers. “For over 45 years, we have consistentlychampionedconsumers’ comforts by walking miles in their shoes to understand their pain points and by using technology to transform the way consumers live, work and play” Bandele explained.

Activities lined for the post launch phase include a full 360-degree communication campaign, supported by in-store experience at the CoolWorld Retail Stores& Thermocool Showrooms nationwide, making it possible for consumers to access the new energy saving appliancesand start saving money nationwide.

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FIRSTBANK MARKS SIGNIFICANT MILESTONE: ₦1 TRILLION IN INSTANT DIGITAL LOAN DISBURSEMENTS

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 FirstBank, a leading financial institution and provider of financial inclusion services in West Africa, announces the achievement of ₦1 trillion in cumulative instant digital loan disbursements. This accomplishment further consolidates the Bank’s reputation for innovation, leadership in financial inclusion, and commitment to customer empowerment within.

Since its inaugural digital loan in August 2019, FirstBank has developed an unconventional and robust digital lending ecosystem designed with Artificial Intelligence and Machine Learning, to improve access to finance, especially to the high-risk customer segment. The Bank created a multi- channel loan disbursement service that requires no collaterals, zero documentation and is void of human interactions. Through its FirstAdvance, FirstCredit and AgentCredit products, 1.5 million unique borrowers enjoyed instant and secure access to credit. This is irrespective of whether they are salary earners, non-salary earners, or micro business owners. They also have the convenient options of accessing these loans through platforms such as *894# (FirstBank’s USSD service), FirstMobile, LitApp and the FirstMonie Agent App.

Regarding this milestone, Chuma Ezirim, Group Executive, e-Business & Retail Products at FirstBank, stated: “This success underscores our ongoing commitment to innovation and a customer-focused approach, which are central to FirstBank’s core values. Beyond achieving substantial figures, we remain dedicated to fostering opportunities for financial independence across Nigeria in particular, and in Africa at large.’’

He added, “We value the trust our customers place in us to support their financial aspirations. Our efforts to advance digital lending will persist, especially to the excluded and underserved customer segments, while effectively managing risks in the process.”

FirstBank currently disburses about N1 Billion daily in digital loans, demonstrating its commitment to fostering an inclusive, technology-driven future for Nigerians. By consistently investing in advanced technologies and developing customised financial solutions, the Bank seeks to improve the financial well-being of individuals and businesses across the nation.

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FIRSTBANK PARTNERS UNGC TO DRIVE SUSTAINABLE FINANCE AND UNLOCK CAPITAL FOR DEVELOPMENT

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FirstBank, the West Africa premier financial institution and financial inclusion services provider, has strengthened its partnership with the United Nations Global Compact (UNGC) to reaffirm its commitment to driving sustainable finance and unlocking capital for development. This ongoing partnership was reinforced at the recently concluded Fourth International Conference on Financing for Development (FfD4) hosted by the United Nations Department of Economic and Social Affairs (UN DESA) in Seville, Spain.

 The FfD4 Conference brought together global leaders, policymakers, and private sector experts to discuss innovative solutions to address the growing SDG financing gap and unlock capital for development in fragile and underserved regions.

FirstBank’s Chief Risk Officer, Patrick Akhidenor, represented the bank at the conference and highlighted two FirstBank flagship initiatives driving resilience finance in Nigeria: The Solar Equipment Financing initiative and the revamped FirstGem Fund. The Solar Equipment Financing initiative offers tailored financing options for the purchase and installation of solar power systems, ensuring access to clean, reliable, and affordable energy solutions. The FirstGem Fund, a women-focused proposition, provides single-digit interest loans to women entrepreneurs without collateral requirements, targeting funding gaps in critical sectors.

‘’We are committed to driving sustainable finance and unlocking capital for development,” said Patrick Akhidenor. “Our partnership with UNGC and participation in the FfD4 Conference demonstrate our dedication to innovative finance solutions that address the SDG financing gap.”

Sanda Ojambo, CEO of UNGC, emphasized the need for innovative, inclusive financial models for underserved regions. “The private sector must play a central role in shaping fit-for-purpose, scalable finance solutions,” she said. “De-risking tools and blended finance can help unlock capital and drive meaningful impact.

FirstBank’s partnership with Development Finance Institutions (DFIs) and its SMEConnect hub demonstrate its capacity to lead efforts in sustainable finance. The bank provides training, networking, and tailored financing to SMEs across various sectors, including education, healthcare, and retail

 

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Access Holdings Reaffirms Strategic Growth Plan from Expansion to Optimisation

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Access Holdings PLC, the parent company of Access
Bank, has reaffirmed its long-term strategic blueprint anchored on a deliberate and
structured progression: scale, optimise, and sustain.
This roadmap, which has driven the Group’s aggressive expansion across Africa and
into key global markets, is now entering a crucial optimisation phase, expected to unlock
significant value for stakeholders as the organisation heads toward 2027.
Speaking on the strategy, Bolaji Agbede, Acting Group Chief Executive Officer, noted:
“Our approach has always been clear: scale first through strategic expansion, then
optimise through consolidation, synergy realisation, and operational efficiency. During
the scale-up phase, a considerable amount of funding is required to drive investments in
people, systems, infrastructure, and acquisitions.
“But as we move deeper into the optimisation phase, we will begin to see the full benefits
manifest, especially in terms of profitability, capital efficiency, and shareholder returns.”
Access Holdings’ five-year strategic plan, which runs through to 2027, also places
financial inclusion and impact at the core of its growth agenda. By expanding digital
access and scaling low-cost delivery platforms, the Group aims to onboard millions of
previously unbanked and underserved individuals and MSMEs across Africa into the
formal financial system. This is part of a broader strategy to enhance intra-Africa trade,
empower smallholder businesses, and strengthen the value chain across key sectors
including agriculture, commerce, and manufacturing.
The Full Year 2024 financial results demonstrate that the Group’s investments are
already yielding meaningful outcomes. Gross earnings rose to N4.878 trillion from
₦2.594 trillion in 2023, while profit before tax increased by 19% to N867.0 billion. Total
assets surged by 55.5% to N41.498 trillion, reinforcing Access Holdings’ position as one
of Africa’s most formidable financial services institutions.
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