GTBank breaks new ground, builds Nigeria’s first digital play centre for children

Banks only build branches, or so the story goes. Except for Guaranty Trust Bank Plc; the foremost African financial institution, which has been at the forefront of several innovative products and services recently completed and opened the first digital playground for children in Nigeria. Located in Lekki, Lagos State, the GTBank Play Centre is equipped with a wide range of interactive games that will give kids a fun and immersive digital experience whilst aiding their mental and intellectual development. Open from 10am to 3pm on Weekdays, and 10am to 1pm…

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GTBank Alerts of ‘The Biggest Food Festival in Africa’

After three stellar exposés of the biggest culinary experience in Africa, the GTBank Food and Drink Festival is getting bigger for the 4th edition, which will hold for 4 days from Sunday, 28th April, to Wednesday 1st May 2019 at the GTCentre, Plot 1, Water Corporation Drive, Oniru, Lagos. Created in 2016 by leading African financial institution, Guaranty Trust Bank Plc, the GTBank Food and Drink Festival has become the premier culinary event in Africa, bringing together tens of thousands of people from across the continent and beyond to support…

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GTBANK Masters Cup Season 8 enters quarter-finals

Sixteen teams across the Male and female categories are set to compete in the quarter-finals stage of the GTBank Masters Cup. The tournament, which is now in its8th season, will take place on Tuesday 12th and Wednesday 13th March 2019. Kicking off the matches at the Campos Mini Stadium on Tuesday will be the female team of Greensprings Schools Lekki, which will square off with Lead-Forte Gate College, Lekki. Later in the day, CMS Grammar School Bariga will face Federal Science and Technical College, Yaba to contend for a spot…

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‘It was done based on agreement’ -Access Bank reacts to alleged N2.5bn customer’s goods illegal sales

Access Bank Nigeria Plc has made available its own side of the story in an alleged contrived sale of a customer’s goods worth N2.5billion by foremost financial services provider, Access Bank Plc, the bank has come out in defence of the purported sale by vehemently denying any wrongdoing whatsoever in the alleged sale of the said customer’s goods. The denial was bluntly made when the Police Special Fraud Unit in Lagos charged Access Bank Plc, its managing director and chief executive officer, Herbert Wigwe, and others with 21 counts of…

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Access, Diamond Banks In Joint Commemoration of International Women’s Day  

Africa’s leading financial institution, Access Bank Plc, continues to demonstrate unwavering commitment to women as it is set to mark the International Women’s Day, 2019 with Diamond Bank Plc, as both banks look forward to the completion of the merger process which will make the new entity the largest retail bank in Africa.   The event will be celebrated with a 2-day event themed ‘Balance for Better’. The celebrations will kick off with a cocktail event on Wednesday, March 13, 2019 at the Access Bank Head Office Lagos, with top…

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GTBank Sponsors 2019 Lagos International Polo Tournament

Some of the most renowned indigenous and international polo teams are set to convene in Lagos, Nigeria to compete for highly coveted trophies in the 2019 Lagos Int’l Polo Tournament. Sponsored by leading African Financial Institution, Guaranty Trust Bank Plc. This year’s competition will begin on March 13, 2019, and will see both Nigerian and foreign teams compete in five main cups, namely; the Silver Cup, Open Cup, Oba of Lagos Cup, Low Cup and Majekodunmi Cup. Over the years, GTBank has been at the forefront of supporting Polo; widely…

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GT Bank posts ₦215b as profit before Tax in 2018

Guaranty Trust Bank plc has released its audited financial results for the year ended December 31, 2018, to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial metrics and improved strategic positioning of the brand. Gross earnings for the year grew by 3.7% to ₦434.7billion from ₦419.2billion reported in December 2017. Profit before tax stood at ₦215.6billion, representing a growth of 9.1% over ₦197.7billion* recorded in the corresponding year ended December 2017. The Bank’s customer deposits increased by 10.3% to ₦2.274trillion from…

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Union Bank’s ‘Enabling Success’ commercial is Nigeria’s most watched advert on Youtube

Those who have seen the impressive Enabling Success short film by Union Bank might not be surprised to learn it emerged the “most viewed Nigerian Ad’ in a recent review by advert critic, LivewithLynda. The TV commercial hit 3 million views on YouTube a few days ago, less than 5 months after its 2018 Independence Day release. By crossing the 3 million viewership mark, the commercial now stands as the most-watched Nigerian advert on Youtube. It’s interesting to note that these figures do not include the millions of views it…

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GTBank Masters Cup Returns for Season 8

One of the most exciting secondary school football tournaments in Africa, the GTBank Masters Cup, is set to return for its 8th season, following its opening draws, which was held on Thursday, January 17, 2019, in Victoria Island, Lagos. The tournament will feature over 30 schools and more than 40 teams who will compete for trophies in the male and female categories. Established in 2012, the GTBank Masters Cup is organized by foremost African financial institution, Guaranty Trust Bank, as a way of extending the benefits of the Bank’s football…

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Investors sell off dropping Access Bank shares after Diamond Bank Merger

Side effects of the Access Bank and Diamond Bank merger manifested on the floor of the Nigerian Stock Exchange as Access Bank lost heavily at the end of trading on Tuesday as some investors sold off their shares. The bank recorded a 5.52 per cent decline in its share price as it fell to N7.70 on Tuesday from the N8.15 recorded on Monday. Following an announcement on Monday confirming its proposed merger with Diamond Bank Plc, Access Bank’s share price gained 9.40 per cent that day to close at N8.15…

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Aggrieved customer sues Ecobank N1bn for fraud and forgery

Ecobank Nigeria Plc is in hot soup as a businessman, Mr. Linus Ukachukwu has accused the bank of forging documents to open an account for his company, Lingo Nigeria Limited, without his consent. The businessman lamented that “we bought N50 million shares from Diamond Bank in 2004 and since then we had not collected any dividends. “Last year, we went for the dividends, only to discover that the dividends were being collected by Ecobank. Upon further inquiry, we discovered that the payments had not been made into our accounts, we…

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Ex- Skye Bank boss in court for N4.75bn fraud, gets N50m bail

The Economic and Financial Crimes Commission on Monday has arraigned the former Managing Director/CEO of the defunct Skye Bank Plc (now Polaris Bank) Mr. Timothy Oguntayo before Justice Nnamdi Dimgba of the Federal High Court in Abuja, on money laundering charges involving amounting to the sums of N4.75bn and $5m. The former bank boss was arraigned alongside a former chairman of the bank, Mr. Olatunde Ayeni. The duo were accused in the eight counts preferred against them of illegally financial transactions to the sums of the bank’s N4.75bn and $5m…

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Looters Haven! How Heritage Bank forfeited ‘mysterious’ N157bn to FG

Things are definitely not the same anymore at Heritage Bank as the deposit bank is reeling under the effect of a Federal High Court order mandating it to forfeit a ‘mysterious’ N157bn traced to the bank and with no owners, to the Federal Government. The EFCC had discovered the mystery money following an intelligence report received by the anti-graft agency. The bank, a transformation from the defunct Societe Generale Bank owned by the Saraki family was ordered by the court to forfeit the money suspected to have been proceed of…

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Afreximbank looks to the future of African business in campaign with CNN

The African Export-Import Bank (Afreximbank) is raising awareness about investment opportunities across the African continent through a multi-faceted campaign on CNN. The campaign, established by CNN International Commercial (CNNIC), includes a dynamic mix of event partnership, TV and digital advertising, branded content, and editorial sponsorship. This media mix is across multiple CNN platforms in order to reach a wide range of business leaders, opinion formers and decision makers interested in doing business in Africa. The focus of the campaign is Afreximbank’s landmark Intra-African Trade Fair – a seven-day event taking…

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GTBank wins double in Nigeria, Sierra Leone

Foremost African financial institution, Guaranty Trust Bank Plc has won the award for “Bank of the Year Nigeria” for the second year in a row at The Banker’s Bank of the Year Awards, regarded as the industry standard for excellence within the global banking sector. Guaranty Trust Bank Sierra Leone Ltd, a subsidiary of Guaranty Trust Bank Plc, was also recognized as the “Bank of the Year Sierra Leone” at the event, which held on November 29, 2018 at the Sheraton Grand London Park Lane, London, United Kingdom. The Banker,…

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Ex-staff exposes the rot in Diamond Bank, how the Dozies plan to sell ’empty Diamond’ to Access Bank

Diamond Bank Managing Director, Uzoma Dozie has been exposed by a former staff of the bank, Donald Ezenwa… “I was a staff of Diamond Bank until recently, having joined in 2003. Let me place it on record that I am not particularly happy with Alex Otti just like other staff who love the bank. I have 3 problems with him. One, why on earth would such a brilliant man leave a great job he took after almost 4 years to join the uncertainty of politics?” “Two, why did he not…

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How Dozie Family ran Diamond Bank into red

Fresh facts have emerged on how Diamond Bank ran into big trouble. Insiders squealed to us that; “Pascal Dozie’s family is exactly the problem of Diamond Bank. Their alleged greed and arrogance are at the core of the problem.” “Do people know how the bank started? Where are the early and original promoters? How did the Dozie family increase their equity stake through Kunnoch? Are people aware that some of the major non-performing loans are to companies in which the Dozies’ have a stake, e.g. Geometric Power? Are people aware…

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Fidelity Bank Rewards More Customers in GAIM season 3

In its “Get Alert in Millions (GAIM) season three” promo, Fidelity Bank Plc yesterday presented the first set of winners. At the first presentation of the promo, 13 customers went home with cash prizes of N1 million and N2 million respectively, while 18 others went home with consolation prizes which ranged from table top fridges, television and power generating sets. The 31 winners that emerged at the first monthly draw of the promo cut across the six draw zones: Lagos, south-west, north, Abuja, south-east and south-south. Speaking at the presentation,…

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Union Bank Receives Multiple Awards at 2018 Marketing World Awards Ceremony

Union Bank has received the ‘Marketing Campaign of the Year’ and ‘Innovative Financial Brand of the Year’ awards at the 2018 Marketing World awards. The awards were officially presented at a ceremony that held recently at the Movenpick Ambassador Hotel in Accra, Ghana and brought together top practitioners and stakeholders from the African integrated marketing communications industry. Now in its 8th year, the annual Marketing World awards were established to recognise and celebrate top individuals and organisations across Africa who have developed and implemented exceptional integrated marketing campaigns during the…

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Habari, Nigeria’s Largest Platform for Music, Shopping, Lifestyle Content and More, Goes Live

Leading African financial institution, Guaranty Trust Bank plc, has announced the launch of Habari, Nigeria’s largest platform for music, shopping, lifestyle content and more. Unveiled on Friday, November 23, 2018, at a special event attended by renowned personalities in the entertainment, media and technology sectors, Habari offers users direct access to the largest catalogue of local and foreign music online, a seamless shopping experience and an exciting way to connect with friends, amongst other features. Built around the everyday lives of customers, Habari is the first mobile platform in Nigeria…

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Express yourself with Nai’vasha Johnson At her Masterclass at the GTBank Fashion Weekend Hair Stylist

Nai’vasha is a New York-based hair stylist and the hands behind some of the most iconic hairstyles ever seen on the red carpets. She specializes in natural hair, hair colour, wigs, and men’s grooming. Her celebrity clientele includes Yara Shahidi, Sasha Lane, Uzo Aduba, Logan Browning, Lakeith Stanfield, John Legend, and Common. Nai’vasha has collaborated with top photographers such as Scott Trindle, Yelena Yemchuk, Nagi Sakai, Bruce Weber, Bjorn Iooss, and Renell Medrano on shoots appearing in major publications such as Vogue, Vanity Fair, Marie Claire, ELLE, W, Harper’s Bazaar,…

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GTBank Fashion Weekend: Meet the Runway Designers

Hard work, creativity and passion, punctuated by the clicking of heels, define a single moment on the GTBank Fashion Weekend Runway Show. On Saturday, November 10th, and Sunday, November 11th, 2018, thousands of guests will be entertained by this single moment as indigenous and internationally renowned designers showcase their brands on the runway. These are the designers slated for Day 1 of the 2018 GTBank Fashion Weekend: Ituen Basi Ituen Basi’s 2009 collection brought back the proliferation of the Oleku trend which led to the new wave of the Ankara…

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GTBank Fashion Weekend: UK Fashion Buyers, Stavros Karelis & Anna Trevelyan to speak on “The Concept of Fashion Curation”

Stavros Karelis is the Founder & Buying Director of MACHINE-A, a London-based independent concept store for men and women and Anna Trevelyan is the Co-founder and Fashion Director of MACHINE-A. In 2009, Stavros and Anna opened MACHINE-A, with the of aim of showcasing emerging designers alongside established fashion brands. The store quickly became London’s coolest retail destination. Between them, Stavros and Anna share an array of awards and accomplishments: Stavros is a recipient of GQ’s 35 most successful men under 38 award and Business of Fashion’s 500 shaping the fashion…

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Burak Cakmak, Dean of Parsons School of Design, is Coming to the GTBank Fashion Weekend

Burak Cakmak has facilitated successful collaborations for over a decade with a wide range of stakeholders including suppliers, retailers, NGOs, governments, and the media in order to drive positive, ethical industry change. Cakmak was named Dean of Fashion at Parsons in 2015 after working at Swarovski Group as the company’s first Vice President of corporate responsibility where he was instrumental in implementing best practice industry standards across the business. Prior to Swarovski, Cakmak worked at Kering as its first Director of corporate sustainability, spearheading innovation-driven sustainability strategies for the luxury…

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Celebrated Style Director, Nikki Ogunnaike to discuss “Diversity in Fashion” at 2018 GTBank Fashion Weekend

Nikki Ogunnaike is the go-to style expert for the 25 million+ users, fans, and followers of what is now the largest fashion and beauty magazine website. She also represents the brand on television and in ELLE.com videos. Anytime you need a mix of style that is equal parts accessible and forward-thinking, Ogunnaike is on it. The Nigerian-American editor cut her teeth at InStyle as an Assistant Editor and Vanity Fair as a fashion assistant before moving to Glamour.com as their Senior Fashion Editor. Date: Saturday, November 10th, 2018. Time: 12:00…

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Vogue’s Style Editor-at-Large, Julia Sarr-Jamois to storm GTBank Fashion Weekend

Julia Sarr-Jamois is a London based stylist and is the Fashion Editor-at-Large at British Vogue and Senior Fashion Editor-at-Large at i-D. Furthermore, she is a contributor for Teen Vogue, Vogue Italia, Self Service, Double and M Le Monde. Julia regularly works with leading photographers such as Harley Weir, Zoe Ghertner, Angelo Pennetta, Letty Schmiterlow, Theo Wenner and Oliver Hadlee Pearch. Julia’s work, which typically plays with unexpected clashes of texture and idiom, has also won her top commercial clients, such as Max Mara, Moschino, Kenzo, Lacoste, Carven, Nike, Stella McCartney…

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Fashion legends to storm GT Bank FSHN WKEND

Fashion Innovator The legendary designer and style pioneer, Dapper Dan will be at the GTBank Fashion Weekend With his eponymous store on 125th street, Dapper Dan pioneered streetwear in the early 1980s, co-opting luxury branding to design original garments with high-end detail. A leading driver of the 80s chic style, Dapper Dan began making clothes in Harlem, during which he was known for giving rap its signature music style, styling everyone from Big Daddy Kane to Mike Tyson. He then went on to outfit entertainers and other celebrities including Eric…

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Fidelity Bank on course to deliver on 2018 financial targets as 9 months profits hit N20bn,

Lagos Nigeria: October 25, 2018: Fidelity Bank Plc has posted an impressive financial performance for the 3rd Quarter of 2018 and is on course to finishing strong in the 2018 financial year. Details of the 9-months results for the period ended September 30, 2018, released yesterday at the Nigerian Stock Exchange (NSE) showed a double-digit growth in revenues and profitability. Gross Earnings grew by 6.9% to N139.0 billion from N130.1 billion reported in the same period in 2017 whilst profit-before-tax soared by 23.6% from N16.2 billion to N20.1 billion. In…

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GTBank returns N164bn as profit before tax in Q3

GTBank Releases Q3 2018 Unaudited Results…..Reports Profit before Tax of ₦164.2 Billion Guaranty Trust Bank plc has released its unaudited financial results for the period ended September 30, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings for the period grew by 8.8% to ₦337.3billion from ₦309.9billion reported in September 2017. Profit before tax stood at ₦164.2billion, representing a growth…

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Heritage Bank adjudged “Most Supportive Bank of the Year”

Heritage Bank Plc., Nigeria’s Most Innovative Banking Service provider, yet again has been adjudged the “Most Supportive Bank of the Year,” barely two weeks it grossed home three awards for its outstanding performance. The current award was conferred on Heritage Bank at the fourth edition of Green October Event 2018, an event organized by Alamode Magazine. Only recently, Heritage Bank was adjudged “Best SME Bank Nigeria 2018” by Capital Finance International (CFI.co) and “Agriculture Bank of the Year 2018” by the Nigeria Agriculture Awards (MAA). Also, the bank was honoured…

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Forgery And Impersonation: EFCC Vows to Arrest, Produce Innoson Motors Boss, Innocent Chukwuma in court

The Economic and Financial Crimes Commission, EFCC, has vowed to ensure that the Chairman, Innoson Motors Nigeria Limited, Innocent Chukwuma is arrested to face fraud charges in court. The Commission gave the assurance, after Justice Olusola Williams of the Special Offences Court sitting in Ikeja, Lagos, struck out the case of fraud it instituted against Chukwuma because the EFCC failed to produce Chukwuma in court to face trial. Chukwuma and his company, Innoson Motors Nigeria Limited, were to be arraigned on a four-count charge of conspiracy to obtain by false…

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The GTBank Fashion Weekend: Where beauty lives

What is your definition of beauty? A collection of the most colorful designs, a convergence of the most glamorous, being draped with couture from head to toe, or does it simply mean, you? For us, at GTBank, beauty is all of the above, and more. Beauty goes beyond what meets the eyes. It is in the audacity of fashion designers to create timeless pieces; it is in the enterprising spirit of small businesses who drive the fashion industry, it in you, daring every day to always be yourself. So join…

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Fidelity Bank Launches New Savings Campaign

Nigerian lender, Fidelity Bank Plc on Monday unveiled a novel account opening initiative, just as it launched a new savings promotion campaign aimed at rewarding new and existing customers of the bank. The new account opening initiative, the first of its kind in the Nigerian banking industry, enables members of the public to open online savings accounts through a Quick Response (QR) code which can be scanned from any of the promotional materials such as roll up banners, fliers, posters and newspaper adverts. This is expected to significantly ease the process…

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Fidelity Bank CEO Assures Investors On Better Returns In 2018

Fidelity Bank CEO, Mr. Nnamdi Okonkwo has assured the investors and analysts community that the top Nigerian lender will deliver better returns in the 2018 financial year. Speaking in Lagos, Friday during the Half Year Investors and Analyst Conference Call, Okonkwo said the bank will maintain the disciplined approach to the execution of the medium term strategic initiatives, that have sustained the bank’s strong performance in recent years. “From what we have seen so far and going by our half year results, we are staying with our guidance for the…

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HI 2018: Fidelity Bank Sustains Growth As Profits Soar By 27% To Close At N13bn

Gross Earnings hit N88.9bn 80% of Total transactions now digital Lagos Nigeria: September 26, 2018: Fidelity Bank Plc posted an impressive half-year results for 2018, recording a double-digit growth in key revenue lines and achieving significant traction in her chosen business segments. Details of the audited half-year results, for the period ended June 30, 2018, released at the Nigerian Stock Exchange (NSE) on Wednesday showed a 27.3 per cent jump in Profit Before Tax (PBT) from N10.2bn in the previous period to N13bn in the reporting period. Profit After Tax (PAT) rose…

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GTBank Announces Model Casting Call For 2018 Fashion Weekend

Calling All Models! Have you got what it takes to strut the runways of Africa’s biggest fashion event? Then, the GTBank Fashion Weekend is looking for you. In preparation for the upcoming 2018 GTBank Fashion Weekend, there will be an in-person Model Casting Call at Muson Center, Onikan, Lagos on Tuesday October 2nd, 2018. Models selected at the Casting Call will showcase the latest fashion designs at the 2018 GTBank Fashion Weekend, holding in November 10th and 11th, 2018. Requirements: Only female models between the ages of 18 to 27…

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13,000 depositors lose N27bn to Wonder Bank

A wonder bank, operating under the name,  Micheno Multipurpose Cooperative Society, MMCS, has defrauded over 13,000 people to the tune of N27 billion in Cross River State. The scheme owned and operated by one Michael Eke, had promised depositors of N100,000 and additional N50,000 at the end of 40  days, and those who deposit N150,000 would get N300,000 at the same period A deposit of  N1 million would earn a N500,000 profit at the end of the same period while deposits above N1 million  would be calculated in N1 million …

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GTBank offers free retail stall @ 2018 GTBANK FASHION WEEKEND

Do you make or sell fabulous fashion apparels and accessories? Can your fashion brand stand out at the biggest fashion event in Africa? Then, the 2018 GTBank Weekend is calling for you! Now in its third year, the GTBank Fashion Weekend has become the premier consumer-focused event that places African fashion on the global stage and helps small businesses in the local fashion industry thrive. The first and second editions of the event, which held in November 2016 and 2017 respectively, brought together over 250,000 people to interact with some…

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GTBank Fashion Weekend to hold in November

From Saturday the 10th to Sunday the 11th of November, 2018, fashion enthusiasts all over the world will be treated to an unparalleled exposé of Africa’s finest in fashion at the 3rd edition of the GTBank Fashion Weekend. Holding in Lagos, one of Africa’s largest and most cosmopolitan cities, the two-day event will bring together renowned fashion personalities from around the world and budding small businesses in the local fashion industry to create the biggest fashion experience in Africa. Now in its third year, the GTBank Fashion Weekend has become…

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Again, GTBank Inspires Fashion Industry With Sketch To Fame

Sketch to Fame; A Call for Aspiring African Fashion Designers Are you are an aspiring fashion designer? Can you create amazing fashion sketches? The Sketch to Fame competition is for you! Organized by GTBank, the Sketch to Fame Competition is offering young African fashion designers the opportunity to have their original collection produced and showcased at the 2018 GTBank Fashion Weekend. To participate in the Sketch to Fame competition, share five of your original sketches for a new collection on social media (Twitter, Instagram or Facebook) using the hashtag #Sketch2Fame.…

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Lagos Command arrests Ifako Ijaye’s deadly cult leader who allegedly killed police sergeant

The Lagos State Police Command says it has arrested a suspected cult member, Malik Onebiri, who allegedly killed a police sergeant while protesting against the death of his colleague. PUNCH Metro had reported that some youths on Oshunkeye Street in Ifako-Ijaiye had protested against the death of one Shina, aka Ishan, who was reportedly injured during a police raid on the street. The youths were said to have taken the corpse to the Area G Police Command headquarters in Ogba and reportedly chartered a bus to Haruna bus stop on College Road,…

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UBA pumps up international spend limit on Naira Cards

Pan-African financial institution, United Bank for Africa (UBA) Plc has announced an immediate upward review of the monthly international spend limit on its debit and prepaid Naira cards from $100 to $2,000. The upward review, which represents a marked increase by 1,900 per cent, allows customers to withdraw up to $2,000 per month as against $100 which was obtainable previously. This, the bank said, has been done in response to the growing demand for higher limits by customers who make international transactions. It is also an indication of the improved…

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Depositors’ money endangered as 9 FCMB staff elope with customers’ N.5bn

For customers and depositors of First City Monument Bank, its panicky mode activated as members of staff of the new generation bank have allegedly bolted with depositors’ money runing into hundreds of millions. In what industry watchers have termed the biggest theft of customers’ deposit, nine members of the bank staff have made away with a total sum of N500 million, and their whereabouts remain unknown, though the Nigeria Police have secured an arrest warrant from a magistrate court in Lagos to effect the arrest of the suspected fraudulent staff…

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Buhari greets Elumelu’s mother at 90

President Muhammadu Buhari sends warm greetings to the matriarch of the Elumelu family, Mrs Suzanne Elumelu, on her 90th birthday. President Buhari joins family and friends of the kind-hearted and loving mother of five, including Chairman of Tony Elumelu Foundation, Mr Tony Elumelu, in celebrating the milestone, which is an evidence of God’s favour and grace. The President commends Mrs Elumelu, who is fondly called Mama, for her strength of character and entrepreneurial spirit in raising a strong and healthy family, and her advocacy for good education and investment skills…

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Fidelity Bank, BOI, Ford Foundation Unveil Lending Scheme For Aba Leather Manufacturers

Lender Donates Fully Equipped Secretariat To LEPMAAS Fidelity Bank Plc, top Nigerian lender in strategic partnership with the Bank of Industry (BoI) has launched the Aba Finished Leather Goods Cluster Financing Programme, as part of continuous efforts to promote Made-in-Nigeria goods capable of meeting global standards for export and local consumption. N400 million in financing provided by BoI will be made available on a quarterly basis to over 300 members of the Leather Products Manufacturers Association of Abia State (LEPMAAS). The funds will be disbursed through the Fidelity Bank while…

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GTBank Records Profit Before Tax of N109.6BN for H1 2018 Audited Results

Guaranty Trust Bank plc has released its audited financial results for the period ended June 30, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings for the period grew by 5.9% to ₦226.6billion from ₦214.1billion reported in June 2017. Profit before tax stood at ₦109.6billion, representing a growth of 8.4% over ₦101.1billion recorded in the corresponding period of June 2017.The…

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Fidelity Bank donates Secretariat, launches loan scheme for Aba Leather Products manufacturers

Managing Director, Bank of Industry (BoI), Olukayode Pitan; Head, Corporate Bank, Fidelity Bank Plc, Obaro Odeghe; and H.E Dr., Executive Governor, Abia State, Okezie Ikpeazu; at the official commissioning of a new secretariat donated by Fidelity Bank to the Leather Products Manufacturers Association of Abia State (LEPMAAS) in Aba  

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Meet UBA’s Leo, the virtual banker, on WhatsApp

The United Bank for Africa (UBA), has launched its famous chat banker, Leo, on WhatsApp and will be fully available to customers by September 1st, 2018. With this latest development from UBA, customers who are lovers of WhatsApp will be able to open new accounts, check their balances on the go and carry out basic banking services. Mr. Kennedy Uzoka, Group Managing Director of the bank who spoke about the launch of Leo on WhatsApp, said:  “Our customers are at the heart of our business and we, as a bank,…

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Sacked Diamond Bank Staff: Reps give CBN 21 days ultimatum

The House of Representatives Committee on Public Petitions chaired by Rep. Nkem Abonta has given a final 21 days ultimatum to Central Bank of Nigeria(CBN) to declare its position on the case of staff members of Diamond Bank Plc who were sacked without any form of compensation. Abonta stressed that the position of the CBN would guide the committee’s final decision on the case as CBN supervised all commercial banks in Nigeria. He directed the committee’s secretary to officially write again to notify CBN of the 21 days ultimatum to…

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