Thursday, June 11, 2015


Diamond Bank Plc has announce the launch of Season 5 of the Building Entrepreneurs Today (BET5) programme, a Corporate Social Responsibility initiative aimed at enhancing the productive strength of Nigerian entrepreneurs through capacity building.  

The initiative, which is a core component of the Bank’s Corporate Social Responsibility (CSR), enables each of the businesses that presents outstanding performance to receive N3 million grant that would be injected into their respective operations for expansion and product consolidation.

According to the Bank’s Head of Corporate Communications, Ayona Trimnell, the initiative is aimed at assisting MSME stakeholders gain up-to-date knowledge of business management through rigorous training and mentorship, which will empower them to run their respective businesses successfully and remain competitive in the marketplace.

“Since 2010, we have partnered with the Enterprise Development Centre (EDC) of the Pan Atlantic University in training and nurturing Micro, Small and Medium Scale businesses under this annual capacity building and business education project which involves the training of fifty budding entrepreneurs over a period of six (6) months after which the top five (5) entrepreneurs are awarded Three Million Naira (N 3,000,000) grants to take their businesses to the next level. This initiative has contributed immensely in helping to refine and strengthen the business acumen of a pool of MSME operators as well as creating enduring wealth and employment in the country”.

According to Mrs. Trimnell, this year’s BET programme has been streamlined to focus mainly on Fashion and Lifestyle, Agriculture and Information and Communication Technology, pointing that the ripple effect of increased economic activity on these sectors has remained monumental on the economy.

Tagged “Pitch In 60 Seconds’’, the programme expects MSME operators who are applying to be considered for the training and grant, to submit a 60 seconds video clip showing them ‘’pitching their business idea’’ to the public.  For objectivity, the audience or viewers will be invited to vote for their favourite business idea(s). The businesses with the highest votes qualifies for the next round of selection.

Application for this year’s edition of BET is scheduled to commence on June 16, 2015 and is open to the general public. To apply, please visit: for more information.

About Diamond

Diamond Bank is the leading retail Bank, using new technology and digital applications to drive financial inclusion and innovative customer experience, whilst making a significant contribution to Nigeria’s economic growth. Follow us on Twitter @DiamondbankNG


Thursday, June 4, 2015


4 June 2015 - Diamond Bank Plc today announced its plans to issue MasterCard debit cards to millions of Diamond Y’ello account holders in a move that is expected to significantly expand financial inclusion and reduce cash-based transactions in Nigeria’s economy.

The scheme, according to a statement made available to the press at the 25th World Economic Forum on Africa in Cape Town, South Africa, is targeted at ensuring that interested Diamond Y’ello account holders are issued with debit cards that will give them unhindered access to the Bank’s services and their funds at automated teller machines across the country.

Shedding more light on the rationale for the scheme, Diamond Bank’s Chief Executive Officer, Uzoma Dozie, stated that the launch of the Diamond Y’ello debit card is timely and aligns with the cashless policy of the Central Bank of Nigeria (CBN). According to him, millions of Diamond Y’ello account holders of the bank will have access to the Bank’s services while still enjoying the financial transaction freedom that are now available to the Bank’s numerous customers.

‘’With the introduction of this card, Diamond Bank has raised the bar for cashless banking in Nigeria’s financial services sub-sector. As you know, the card automatically grants account holders unlimited access to their funds and other financial transactions and also provide customers with additional interaction channels besides the agent locations. I think it is the biggest thing that has happened in the industry after the launch of the Fingerprint authentication feature on our Mobile app.”

Speaking further, Mr. Dozie stated that a core component of Diamond Bank’s strategic focus is to ensure the enhancement of the freedom of the financial lifestyle of the unbanked and under-banked by providing convenient banking services and multiple payment channels via the web and the POS, pointing that the Diamond Y’ello debit card will act as a physical link to this unique type of “account you open without documentations and other rigours associated with traditional accounts”.

It would be recalled that in 2014, Diamond Bank launched the Diamond Y’ello account into the Nigerian market as part of its financial inclusion programme to reach the unbanked.

Diamond Y’ello account, which was introduced in partnership with the mobile telecommunications giant, MTN, is a fully mobile hybrid account that offers the over 55 million subscribers on MTN Nigeria network a fusion of financial services and telecoms incentives.

Every MTN subscriber has access to a Diamond Y’ello account. Benefits include easy access to
Diamond Y’ello account holders’ community, full banking services with interest payments on account balances and access to loans via application from the subscriber’s mobile device on demand.

The Diamond Y’ello Account is activated by dialing *710# on any MTN line. According to the Bank, there are over 3 million Diamond Y’ello accounts owners who are serviced by over 500,000 agents in Nigeria.

About Diamond
Diamond Bank is the leading retail Bank, using new technology and digital applications to drive financial inclusion and innovative customer experience, whilst making a significant contribution to Nigeria’s economic growth. Follow us on Twitter @DiamondbankNG