Business
Diamond Bank Offers Interest Free Peugeot Car
Diamond Bank is putting smiles on the faces of Nigeria by offering a first of its kind window at opportunities for customer to acquire choice Peugeot Cars without paying any interest on the principal.
The Diamond Bank finance of car offer available are Peugeot models 307.406 and 407.
These according to the bank are yuletide gilts. Having noted that this is coming at a period of shrinking industry lending, the bank says it remains committed to putting smiles on the face of Nigerians consumers desiring the best service at an affordable price.
Details of the offer, as released by the bank shows that customers have two options to choose from you can either make a down payment of 30 per cent and pay the balance over 18 months on a zero interest basis, or make as low as 15 per cent down payment and earn a N5,000 monthly cash bank which qualifies you for the Diamond saving xtra salary life rewards scheme. Whilst customer who choose Option I will earn the zero interest repayment plan, customers who purchase any of the cars with Option 2 will qualify for the savings xtra salary 4 life rewards in which they stand a chance to win income payment of N100,000 every month for the next 20 years, plus a host of other fantastic prizes. In addition, every customer will stand a chance to have their loans read in fact at a draw process in which one in every 50 customers will win.
According to Charles Udoh, head Corporate Communications, “we are offering customers an early Christmas gift by giving them an opportunity to acquire brand new Peugeot cars without having to worry about the burden of high interest repayments.
Few financial institutions are lending at this time, and with the extra benefits, added with our savings Xmas rewards scheme, the offer becomes even more compelling.
Mr Udo further stated that both customers and non-customers of Diamond Bank are eligible to participate provided they meet the lending requirements. Meanwhile two more customers of the bank emerged winners of “salary 4life “star prize in the Diamond saving, Xmas season 2 rewards draw for November which took place in Lagos. Jude Onyebuchi Duru, a customer from the Bank’s Idumota, Lagos Island branch and Sunday Christian Ntude of Grace Road, Eket branch, Akwa Ibom State, emerged the two latest “Salary 4 life “Star prize winners which entitles them to a monthly income of N100,000 thousand Naira for the next twenty years respectively.
In the same vein, 10 customers win N500,000 cash each, while 25 others won prizes including, motorcycles, LCD Television sets, Generators, Laptops and Air conditioners.
The latest salary 4life winners join four other customers, Grace Ihekerenma Iloabuchi (Ikwere road Port Harcourt branch), and Olatunde Adekunle Oketade (Le-ebanon road, Ibadan branch), as well as Amadi Cordelia Oluchi, (Nyannya Abuja branch), and Babangida Mailafiya, (Doma Road, Lafia branch) who won in the September and October draws respectively, making a total of 6 winners so far. 18 more salary 4life prizes will be given away before August 2010.
Addressing the audience, during the draw in Lagos, Mr Garry Marsh, head, Retail Banking, said that the savings xtra campaign had been resounding success so far and all the objectives behind savings xtra campaign have been achieved. According to him, “we are glad that we have come this far in the campaign, in the first phase of the campaign, we succeeded in transforming the lives of many people in such a manner that will remain evergreen in their lives and we hope to achieve the same thing in this second season of the campaign. This is the second draw in the second season and we are already doing wonderful thing, in the lives of our customers”.
Also speaking during the draw was John Anyanwu from KPMS, the overseer of the processes of the draw, stated that since the inception of the draw in 2008, Diamond Bank had remained consistent with the outlined rules and guidelines for the draw. He said,” there is absolute transparency in the draws and I can assure every body that all the results from the draws so far have remained credible and transparent.
I can equally testify that the draw held here today is in line with all the lad down procedures guiding this campaign. All accountholders of the Bank who are eligible to participate in this draw participated, and no customers was given undue advantage to emerge as a winner. All winners emerged from a free and fir draw process to day.”
The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.
A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.
The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.
King Onunwor