FirstBank’s CEO, Adeduntan in Edinburgh for Ethical Finance Conference

As part of the Bank’s financial inclusion and global thought leadership drive, the Chief Executive Officer, First Bank of Nigeria Limited, Dr. Adesola Adeduntan participated in the 2019 Global Leaders Interactive panel session of the 2019 Ethical Finance Conference held on 8 – 9 October 2019 at RBS Conference Centre, 175 Glasgow Road, Gogarburn, Edinburgh. The event had in attendance over 500 leading finance practitioners from all over the world. The Bank’s CEO, Dr. Adesola Adeduntan, with other thought leaders, policy influencers and leading finance practitioners across the world deliberated on…

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“This is our drive to improve the quality of education,” says UBA Foundation boss at 2019 call for entries

UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has commenced the 2019 edition of its annual National Essay Competition in Nigeria with a call for entries. Now in its 9th year, the essay competition, targeted at senior secondary school students in Nigeria is organised annually, as part of UBA Foundation’s education initiative which is aimed at promoting the reading culture and encouraging healthy and intellectual competition amongst secondary school students in Nigeria and across Africa. At the media launch which took place at…

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FBNQuest Trustees celebrate 40yrs of leadership in legacy preservation

FBNQuest Trustees Limited, an FBN Holdings company has announced the celebration of its 40th anniversary as a leading provider of world-class trust and estate planning services in Nigeria. The event themed “A Legacy that Preserves Legacies” was held on Friday, 13 September 2019 at Landmark Event Centre in Lagos. The event presented an opportunity for FBNQuest Trustees to share key insights on the importance of Corporate Trust Management, Estate Planning, and Wealth Transfer, which are crucial elements to ensuring the preservation of legacies. Dr. Omobola Johnson, Senior Partner at TLcom Capital LLP…

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Unity Bank to help farmers reduce post-harvest loses

Unity Bank Plc has reiterated its commitment to lending more to farmers and supporting them in getting more value for their farm produce.The bank is partnering with Binkabi, a blockchain-based commodity trading network to ensure that farmers get the right pricing and profitability for their produce.The Head, Risk Management and Compliance, Unity Bank, Usman Abdulqadir, said the collaboration would also help to provide end-to-end solutions for farmers and the entire agribusiness value-chain.Abdulqadir, who spoke at the launch of an agro commodities trade platform in Lagos, said, many farmers who harvest…

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LASG commends Fidelity Bank For Donating Laboratory To Correctional Home

Fidelity Bank Plc, top Nigerian lender has handed over a well-equipped, state-of-the-art Kitchen/Catering Laboratory for the use of students at the Girls Correctional Home, Idi-Araba, Lagos. The project, according to the bank, is a clear demonstration of its unwavering support towards enhancing the lives and wellbeing of less privileged members of the society. Speaking at the commissioning ceremony in Lagos recently, the bank’s Managing Director/Chief Executive Officer, Nnamdi Okonkwo said that the decision to embark on the project is borne out of a deep-seated realisation that vocational education remains vital…

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Wema Bank’s ALAT bags best digital platform

ALAT by Wema, Africa’s first fully digital bank, has emerged Best Digital Platform in Nigeria 2019 by International Business Magazine, a leading global journal that promotes flagship talent bearers from across the globe. Having met the award criteria for the year under review, the banking platform powered by Wema Bank was judged the winner by a deciding panel in recognition of its simplicity and refreshing service delivery. ALAT by Wema is a borderless banking app that offers an easy signup process, exciting saving options and other benefits to help customers…

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UBA announces growth, profit, in newly released audited result

The United Bank for Africa Plc (UBA) has announced its audited half-year financial results for the period ended June 2019, showing impressive growth across key performance indices as well as a significant contribution from its African subsidiaries. In spite of the increasingly unpredictable environment witnessed in some of its countries of operations, the pan African financial institution delivered double-digit growth in its profit before tax as it rose by 21 per cent to N70.3 billion half-year to June 2019, up from N58.1 billion recorded in the similar period of 2018,…

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Ex-C/Rivers Gov., Duke loses Ikoyi property to AMCON, UBA over N537m Debt

A Federal High Court in Ikoyi, Lagos, has ordered the Asset Management Corporation of Nigeria and United Bank for Africa to take over a property belonging to a former governor of Cross River State, Donald Duke. Justice Chuka Obiozor made the order following an ex parte application filed by AMCON and UBA. The property was to be forfeited over an alleged debt of N537,334,360.77. Listed as first to third defendants were Stonehedge Investment Limited, Donald Duke and Owunari Bob-Manuel Duke, respectively. The applicants had prayed the court for “an order…

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Wema Bank, Dana Air in EFCC trouble over alleged money laundering scam

Wema Bank Plc and Dana Air, owners of Sri Sai Vandana Foundation, a Non-Governmental Organisation (NGO) are enmeshed in a money-laundering scam and may be prosecuted by the Economic and Financial Crime Commission, EFCC over Dana Air’s inflight donation collected between 2014 and 2018. Speaking on the allegations, EFCC’s acting spokesman, Tony Orilade said “The EFCC will take it up. We will investigate and prosecute the crime element once prima facie is established,” Dana started Nigeria’s Sri Sai Vandana Foundation in 1995 and commenced the inflight donation in partnership with…

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Electricity: FG injects N600bn

The Market Operator of the Transmission Company of Nigeria (TCN), Engr. Edmund Ejie, on Wednesday, disclosed that the Federal Government has approved N600billion for injection into the nation’s electricity market. He broke the news to reporters at the Market Operator’s Participants/Key Stakeholders 2019 3rd Quarter Interactive Forum in Abuja. He said that the fund is ripe for disbursement any moment from now. According to him, the intervention is for the payment of the shortfall in electricity invoices for the entire market. He noted that the intervention is not restricted to…

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UBA Marketplace 2019 holds in Abuja

Africa leading financial institution, United Bank for Africa (UBA) Plc is set to host over 20,000 visitors, 120 small and medium enterprises and leading private and public sector players from across Africa, at the continent’s biggest entrepreneurial fair tagged #theUBAmarketplace2019 in Abuja, Nigeria. The event, which will be held on July 26th and 27th 2019, on the sideline of the Tony Elumelu Entrepreneurship Forum, will host businesses and business owners in various industries including food, fashion, beauty, home/interior and gadgets. The event will offer plenary sessions and discussions on the…

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Access Bank UK pledges N350m for Children in Education, posts impressive result

The Access Bank UK used its’ annual Access Bank Polo Day at Guards Polo Club Windsor on Saturday 13 July to post results showing another year of outstanding international business growth. 2018 was the year that it joined the three key UK clearing systems, and collected the best African Trade Finance Bank Awards from both International Finance and CFI. All four strategic business units returned double-digit growth and in only its second year of operations, the importance of its investment in Dubai was demonstrated by a 200 per cent increase…

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