Subscribe to get Updates
  • Login
The News Bearer
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
    • All
    • Business
    • Celebrities
    • Crime
    • Education
    • Featured
    • Features
    • Health
    • Lifestyle
    • Metro
    • News
    • Opinion
    • Personal Development
    • Politics
    • Sports
    • Uncategorized

    2027: Oyo PDP Ward Chairmen declare support for Makinde

    Tinubu’s Chicago certificate as Afó’kéèmù

    Ibadan Discourse Group kicks off talks on national heroes

    APC National Chairman, Abdullahi Ganduje, resigns

    Over 40 partners align with UN, Sterling One Foundation for Africa’s policy reset

    Renaming Ibadan Poly will erase its historical significance, ex-students write Makinde

    Makinde renames Ibadan Polytechnic after Olunloyo

  • Lifestyle

    A Trainer Reveals the Best Exercises For a Stronger, Toned Butt

    How To Lose 10 Pounds Even If You Hate Vegetables

    A Trainer Answers: What’s the Best Workout For Losing Weight?

    These Foods to Absolutely Avoid If You Want Clear, Glowing Skin

    Drinking This Kind of Tea Could Help Shed Those Last Few Pounds

    This Easy Cardio Swap Will Help You Train for A Half Marathon

    5 Must-Follow Rules If You Want to Get Strong

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
    • All
    • Business
    • Celebrities
    • Crime
    • Education
    • Featured
    • Features
    • Health
    • Lifestyle
    • Metro
    • News
    • Opinion
    • Personal Development
    • Politics
    • Sports
    • Uncategorized

    2027: Oyo PDP Ward Chairmen declare support for Makinde

    Tinubu’s Chicago certificate as Afó’kéèmù

    Ibadan Discourse Group kicks off talks on national heroes

    APC National Chairman, Abdullahi Ganduje, resigns

    Over 40 partners align with UN, Sterling One Foundation for Africa’s policy reset

    Renaming Ibadan Poly will erase its historical significance, ex-students write Makinde

    Makinde renames Ibadan Polytechnic after Olunloyo

  • Lifestyle

    A Trainer Reveals the Best Exercises For a Stronger, Toned Butt

    How To Lose 10 Pounds Even If You Hate Vegetables

    A Trainer Answers: What’s the Best Workout For Losing Weight?

    These Foods to Absolutely Avoid If You Want Clear, Glowing Skin

    Drinking This Kind of Tea Could Help Shed Those Last Few Pounds

    This Easy Cardio Swap Will Help You Train for A Half Marathon

    5 Must-Follow Rules If You Want to Get Strong

No Result
View All Result
TheNewsBearer
No Result
View All Result
Home Business

Sterling Bank’s Qore Sparks Nigerian Electric Vehicle Revolution To Life

The News Bearer by The News Bearer
June 26, 2023
in Business, Featured
Reading Time: 4 mins read
0 0
0
Share on WhatsappShare on FacebookShare on Twitter

From left: Group Head, Transport and Renewable Energy, Sterling Bank Plc, Olabanjo Alimi; General Manager, (Commercial) TotalEnergies Marketing, Werucle Nwagbara; General Manager, (Retail) TotalEnergies Marketing, Abdullahi Umar; Chief Executive Officer, Ardova, Olumide Aseosun; Chief Executive officer, Sterling Bank, Abubakar Suleiman; and the Anambra State Commissioner for Transport, Mrs Patricia Igwebuike during the launch of Nigeria first Electric Vehicle Charging Station in Lagos by Sterling Bank Plc.

Nigeria’s leading commercial bank and one of Africa’s fastest-growing companies, Sterling Bank, has changed the course of Nigeria’s energy and transportation sectors with the launch of Qore; its suite of renewable energy-powered transportation solutions.

Qore will offer the purchase and financing of electric vehicles (EVs), EV charging stations, conversion of fossil-fuel-powered engines to EV engines, battery swapping services for modular EVs, and more.

Speaking at the launch of Nigeria’s first publicly available EV charging station in Lagos, CEO of Sterling Bank, Abubakar Suleiman, said that the launch of Qore is a significant milestone in the bank’s journey towards powering Nigeria’s transportation sector with renewable energy.

According to Suleiman, “Qore will revolutionise the very idea of how we power movement by providing clean, sustainable and cost-effective options for individuals and businesses, while impacting positively on the sector’s environmental footprint.“

Also speaking at the launch, Group Head for Renewable Energy and Transportation at Sterling, Olabanjo Alimi, further explained that Qore focuses on improving mobility services in Nigeria by providing affordable and cleaner transportation alternatives to petrol and diesel powered vehicles.

He described Qore as a “mobility project” that will offer a range of products, including the manufacture and sale of EVs, financing for the purchase and distribution of EVs, and mobility-as-a-service options to cater to first- and last-mile transportation.

Alimi said: “Qore will deliver innovative solutions through partnerships that provide sustainable energy options for vehicles through stations such as this.

“This will accelerate the adoption of clean mobility solutions that allow interested customers to buy EVs directly, or even convert their existing petrol- or diesel-powered vehicles to run on electricity.

“Along with the readily available technology to convert petrol or diesel powered vehicles, Qore will drive EV adoption in the Nigerian market by providing charging infrastructure and battery swapping services to quicken the turnaround time of restoring power to EVs.”

He continued by saying that Qore had pioneered, along with the first publicly available charging station in the country, a proprietary payment solution that will allow for direct interaction with the battery management system of vehicles that charge up at the station.

The Group Head concluded by highlighting that this is a watershed moment for the Nigerian EV market, emphasizing Qore’s openness to partnerships and collaborations to increase the creation of EV infrastructure and adoption in the country.

The adoption of Qore’s suite of solutions is already increasing with the acquisition of 100 electric tricycles to power transportation in the Kano metropolis, as well as the conversion of diesel-engine ferries to electric power to improve the commute of individuals and businesses on Lagos’ waterways.

The newly launched charging station adds another layer to the robust offerings.

Sterling has set itself apart as the first corporate organisation on the African continent to fully power up its offices with a renewable energy source by installing over 3000 Building Integrated Photovoltaic (BIPV) panels, generating 1 megawatt (1 MW) of electricity.

This move will make the structure one of the largest on the continent, primarily powered by renewable energy, demonstrating the bank’s commitment to the growth and development of renewable energy in Nigeria.

Furthermore, the bank recently launched Imperium; an alternative energy solution, to power Nigerian homes and businesses through solar and renewable energy services tailored specifically for Nigeria’s peculiar energy needs.

Renowned for its now famous HEART of Sterling strategy, which focuses major investments in the Health, Education, Agriculture, Renewable Energy and Transportation sectors of the Nigerian economy, its irreverent brand voice and enviable talent management practices, the bank recently completed a major milestone towards the completion of its transformation into a financial holdings company with the relisting of its shares on the floor of the Nigerian Exchange (NGX).

The bank has maintained and increased momentum in 2023 with her citation as Africa’s Most Valuable Commercial Bank Brand for 2023 by the African Brand Magazine, in a poll conducted by GeoPoll and Kantar, two of the world’s leading brand research firms, a top three employer in Nigeria by LinkedIn in the social network’s annual Top 25 List, and most recently, one of the top 100 fastest growing companies in Africa by the prestigious Financial Times.

SendShareTweet
The News Bearer

The News Bearer

Related Posts

Featured

APC National Chairman, Abdullahi Ganduje, resigns

June 27, 2025
Business

Fidelity Bank promotes 12% workforce, effects 20% salary increase across board

June 26, 2025
Business

Embrace lifelong learning, collaboration for career success, Fidelity MD, Onyeali-Ikpe, charges women

June 22, 2025
Featured

US bombs Iran’s nuclear sites

June 22, 2025
Featured

Police bust fake kidnapping gang, rescue four-year old victim, arrest seven fraudsters, recover counterfeit $46,100

June 21, 2025
Business

CBN circular on forbearance loans: Fidelity Bank assures on compliance with regulatory policies

June 18, 2025
Load More

Recommended

Oyo govt recommends unified Egungun festival to promote culture, tourism

2 years ago

More Gains For Women As HerFidelity Launches Apprenticeship Support Initiative

3 years ago

Don't Miss

2027: Oyo PDP Ward Chairmen declare support for Makinde

June 29, 2025

Tinubu’s Chicago certificate as Afó’kéèmù

June 29, 2025

Ibadan Discourse Group kicks off talks on national heroes

June 28, 2025

APC National Chairman, Abdullahi Ganduje, resigns

June 27, 2025
TheNewsBearer

Stay informed with Breaking News Online in Nigeria on The News Bearer. Get real-time updates and analysis of national, international events.

Follow us

Recent News

2027: Oyo PDP Ward Chairmen declare support for Makinde

June 29, 2025

Tinubu’s Chicago certificate as Afó’kéèmù

June 29, 2025

Categories

  • Business
  • Celebrities
  • Crime
  • Education
  • Featured
  • Features
  • Health
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Personal Development
  • Politics
  • Sports
  • Uncategorized

Tags

Adamawa State Police Command Anambra State Police Command Bishop Francis Wale Oke Cancer condolence message courtesy visit Delta State Police Command Diabetes Diet Tips DIG Hashimu Argungu Dr Festus Adedayo Dr Nneka Onyeali-Ikpe Dr Sulaimon Olanrewaju Economic and Financial Crimes Commission Fidelity Bank Fidelity Bank Plc Governor Seyi Makinde Health Symptoms IGP Kayode Egbetokun Inspector General of Police Kwara State Police Command Lagos State Police Command Lagos State Taskforce Men's Health murder Nigeria Police Force Ogun State Police Command OlaOluwa Mimiola opinion article Oyo State Government Oyo State Governor Peoples Democratic Party Polaris Bank Police Public Relations Officer Police Service Commission PPRO Pregnancy President Bola Ahmed Tinubu Skin Care Sulaiman Aledeh Sulaimon Olanrewaju Taskforce Chairman Adetayo Akerele Thenewsbearer University of Ibadan Women's Health
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 TheNewsBearer - Premium Nigerian and global news by TheNewsBearer.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
  • Lifestyle

© 2024 TheNewsBearer - Premium Nigerian and global news by TheNewsBearer.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.