GTBank Holds 9th Annual Autism Conference

For the ninth year in a row, Africa’s foremost financial institution, Guaranty Trust Bank plc, will bring together some of the world’s leading experts in Autism for two days of critical discourse on supporting children and adults living with Autism in Africa. Organized as part of the GTBank’s Orange Ribbon Initiative, the Annual Autism Conference will hold on the 30th and 31st of July 2019 at the MUSON Centre, Onikan, Lagos. Themed, “Autism: Transitions, Vocational skills and The Role of Technology,” the Annual Autism Conference will bring to the fore the…

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Access Bank Wins 2019 GBA Women’s Market Champion Impact Award

Access Bank Plc. has emerged winner of the 2019 GBA Women’s Market Champion Impact Award for its efforts towards providing opportunities for women. The award is organized by the Global Banking Alliance for Women (now Financial Alliance for Women) in Paris, the award contributes to a growing list of recognitions for Access Bank, including the National Women in Finance Magazine’s Outstanding Banking Initiative Awards; the Global Banking Alliance (GBA) Women’s Market Champion Award; CBN Excellence in Women Economic Empowerment Award; National Council for Women Society Nigeria’s Dedication to Women Entrepreneurship…

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Non-Oil Exports: Fidelity Bank, NEPC, LBS Trains 100 MSMEs In Kano

·        Set To Unlock Potentials of Northern Export Market Fidelity Bank Plc, top Nigerian lender is training over 100 SMEs at the 8th edition of the highly acclaimed Export Management Programme (EMP) with the aim of providing impactful, world-class support to Micro Small Medium Enterprises (MSMEs) in Kano State. Organised by the bank in strategic partnership with the Nigerian Export Promotion Council (NEPC) and the Lagos Business School (LBS), this programme currently in its third year was designed specifically to enhance the competitiveness of export-oriented businesses. The programme has since graduated over…

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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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Bauchi Governor’s Wife hails Fidelity Bank On Free Medical Outreach

•       1,000 Residents of Misau Community Benefit Wife of Bauchi State Governor, Hajiya Aisha Bala Mohammad has commended Fidelity Bank for providing free medical outreach to 1,000 people in Misau Local Government Area (LGA) of Bauchi State, as part of its Corporate Social Responsibility (CSR) initiatives. The outreach was organised by the Al-Muhibbah Foundation in collaboration with staff members of the bank. Addressing beneficiaries in Misua, Mrs Mohammad urged them to regularly check their health status in order to reduce cases of diabetes, cancer, hepatitis, high blood pressure, amongst other…

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Access Bank wins Sustainable Finance Award in Germany

Africa’s leading financial institution, Access Bank, has emerged winner of the 2019 Karlsruhe Sustainable Finance Awards for “Outstanding Business Sustainability Achievement” for the 4th consecutive time. The award was received in recognition of the Bank’s unwavering commitment towards embedding social, environmental and economic sustainability into its core business strategy that helps address issues across its business operations and value chain. The prestigious award was presented to the Bank’s GMD/CEO, Herbert Wigwe at the award ceremony which took place on July 11th, 2019 at the City Hall of Karlsruhe, Germany and…

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GTBank emerges Best Bank in Africa at Euromoney Awards

Foremost African financial institution Guaranty Trust Bank plc has been named the Best Bank in Africa 2019 by Euromoney at its annual Awards for Excellence, which held in London on Wednesday, July 10, 2019 at the London Hilton Hotel, Park Lane. GTBank was also named the Best Bank in Nigeria for a record ninth time, reflecting the Bank’s position as one of the best managed financial institutions in the country, with strong and focused leadership that keep the business in a constant state of re-invention and innovation. Now in its…

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Fidelity Bank releases statement on trending video

Our attention has been drawn to a video currently trending online showing a man stealing a bag from our branch in Admiralty Way, Lekki. This unfortunate incident occurred on Monday, July 08, 2019. As a responsible corporate citizen, we are working closely with men and officers of the Nigerian Police Force (NPF) to ensure that the culprit is apprehended and brought to justice. The safety and protection of our customers and their valuables are of utmost importance to us. To this end, we have taken the necessary steps to improve security…

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Fidelity Bank Wins At PWM Global Wealth Tech Awards

Fidelity Bank won the ‘Best Digital Networking Bank For Entrepreneurs, Africa 2019’ at 2019 PWM Wealth Tech Awards held in London, United Kingdom (UK) recently. Organized by Professional Wealth Management (PWM), a Financial Times Publication, the awards celebrate excellence in wealth management technology. According to the organizers, technology and service delivery were key components in the criteria considered by the independent panel that selected the award winners. The month long period involved gathering series of detailed information on KPIs, portfolio management, asset allocation, due diligence, risk management, growth strategies, customer…

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Fidelity’s Private Banking Wins At PWM Global Wealth Tech Awards

Fidelity Private Banking, a specialized Division in Fidelity Bank Plc has been adjudged as the ‘Best Digital Networking Bank For Entrepreneurs, Africa 2019’ at 2019 PWM Wealth Tech Awards held in London, United Kingdom (UK) recently. Organised by Professional Wealth Management (PWM), an industry magazine owned by the Financial Times, the awards celebrate excellence in wealth management technology. Speaking after the award ceremony in London, Fidelity Bank Chief Executive Officer, Nnamdi Okonkwo said that the award is a recognition of excellence, achieved through commitment to the ideals of the bank.

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Gov. Abiodun commends Access Bank

The Ogun State governor, Prince Dapo Abiodun has applauded the decision of Access Bank PLC to partner with the Ogun State Government in its quest to build the state through its investment in the Creative Arts and Entertainment Village and its decision to erect a fifteen storey building in the state. The governor said that his government would provide an enabling environment for a Public Private Sector Partnership which would be fundamental to the economic growth of the state, noting that the visit was a clear testimony to the commitment of his…

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How BVN exposed Goddy Nnadi’s secret deals

Petroleum Equalisation Fund (Management) Board top-shot, Goddy Nnadi is in big trouble. Goddy Nnadi, General Manager, Corporate Services PEF(M)B is alleged to be running a private business against civil service rules and regulations. Sources squealed to us that Nnadi, who joined the PEF board as head of public affairs and deputy manager in 1998, is the alleged owner of Greatwood Hotels Limited, based in Owerri, Imo State. Documents available to us show that the hotel said to have been established in 2015 has its bank account at Guaranty Trust Bank (GTB) linked…

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UBA Wise Savers to produce 20 more millionaires

United Bank for Africa Plc. is ready to add another set of 20 loyal customers to the rising number of millionaires to win N1.5million each, in the third edition of the UBA Wise Savers promo quarterly draw. According to the Group Head, Marketing, United Bank for Africa, Dupe Olusola, “New millionaires will emerge in a transparent draw in the presence of representatives from the Consumer Protection Council, National Lottery Regulatory Commission and the Lagos State Lottery Board at the raffle draw, which is set for end of July, at UBA’s corporate head…

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First Bank Promotes Career Development For Staff

Nigeria’s premier Bank and leading financial services provider, First Bank of Nigeria Limited, recently concluded the maiden edition of its Leadership Acceleration Programme (LAP). The event, filled with the smiles and excitement of the 71 graduands was held on Friday, June 28, 2019, at the Four Points by Sheraton, Victoria Island, Lagos. In furtherance to the Bank’s strategic objective of imbibing and promoting leadership at requisite levels across its staff hierarchy, First Academy – the Bank’s training school and staff academic development institute – developed three core Leadership Programmes aimed…

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Zenith Bank launches ‘Timeless’ the free account

Leading financial institution, Zenith Bank Plc. has introduced a new account called; ‘Timeless’ which allows Nigerians aged 55 years and above to bank with the financial institution for free. Timeless account holders pay no account maintenance, debit card, cheque book, or SMS notification fees. They would also enjoy priority treatment at Zenith Bank branches and have access to unique travel and holiday offers. Zenith Bank, one of the most innovative financial institutions in Nigeria, was voted the most customer-focused bank in Nigeria for the Retail and SME segments in the…

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BEDC explains constraints on power distribution to Ondo South

The management of BEDC Electricity Plc. (BEDC) has assured residents of Ondo South that it is committed to providing power to their various communities provided the federal Government through the Transmission Company of Nigeria (TCN) addresses the present technical constraints that impede power distribution to the areas. BEDC in its reaction to complaints by Governor Rotimi Akeredolu of Ondo State over lack of power supply to some parts of Ondo South, appealed to the Governor to put pressures on TCN and other federal government- related institutions to create an enabling…

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Fidelity Bank Private Banking Group offer clients educational advice

Recently, Fidelity Private Banking Division organized an exclusive advisory forum at The Café in the Private Banking Suite, Ikoyi. The aim was to provide sufficient information and guidance to select clients who wish to have their children study abroad. In her opening remarkes, the Divisional Head, Private Banking, Fidelity Bank Plc, Chioma Nwankwo noted that “Studying abroad is becoming more popular among Nigerian students as the country itself continues to pursue integration into the international landscape. The demand for professionals with global experience is rapidly increasing amongst local employers. Our…

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Why Prez. Buhari sacked Baru

The Nigerian National Petroleum Corporation (NNPC) on Thursday threw more light on why President Muhammadu Buhari relieved the present Group Managing Director, Dr. Maikanti Baru of the responsibility. The corporation in a statement that the Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, Mr. Ndu Ughamadu issued in Abuja on Friday said that Baru is due for statutorily retire on July 7, 2019, on the ground of attainment of 60 years retirement age. According to the statement, “A follow-up release on the new appointments by the NNPC Group General…

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Union Bank out with ‘There’s a Loan for Everyone’

Nigeria we hail!! If you remember that famous line from the award-winning television commercial released last year by Union Bank, then you’ll be excited to learn that spin-offs have been released as part of a follow-up campaign. This should come as no surprise, after the short film emerged the most watched Nigerian ad on YouTube in 2018! This time, the TV and radio ads follow the lives of the main characters from the original commercial – the photographer, ‘keke’ driver, and the mother – who represent relatable characters in our…

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Prez. Buhari Replaces Baru with Kyari as NNPC GMD

President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation, bringing to an end the tenure of Maikanti Baru, as the oil firm’s boss. NNPC’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu, who disclosed this in Abuja on Thursday morning, stated that the President also appointed alongside Kyari, seven new Chief Operating Officers.

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How UBA Foundation celebrated Int’l Day of the African Child

UBA Foundation, the corporate social responsibility arm of United Bank for Africa (UBA) Plc, on Monday, joined the rest of the world to celebrate the International Day of the African Child. The day which has been set aside by the United Nations to celebrate children in Africa, recognises the courage of students who marched for their right to better education in Soweto South Africa, and is marked annually on June 16th. UBA Foundation brought together students from various secondary schools in Lagos to the Tony Elumelu Amphitheatre in the UBA…

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Fidelity Bank targets 1400 in agency banking partnership with NIPOST

The Deputy Managing Director Fidelity Bank Plc, Mohammed Balarabe says the bank will provide banking services in 266 branches through its Agency Banking Partnership with NIPOST towards deepening financial inclusion in the country. The DMD, who disclosed this in Abuja on Thursday at the official launch of the Agency Banking Partnership with the Nigeria Postal Services, NIPOST, said Fidelity Bank will be leveraging on the 1400 locations of NIPOST to provide banking services to many financially excluded Nigerians. He noted that the partnership with NIPOST will lead to more development…

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Relief for Tinubu as court grant order for judicial review of SEC fine, ban

Reprieve came the way of embattled Oando Plc Group Chief Executive Officer Mr Wale Tinubu and his deputy Mr Omamofe Boyo as a Federal High Court sitting in Lagos has granted them leave to file a motion for a judicial review of the Securities and Exchange Commission (SEC) decision imposing a fine on Tinubu and banning them from being directors of public companies for five years. Justice Ayokunle Faji granted “an order of certiorari bringing up to the Federal High Court for the purpose of being quashed, the decision of…

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FG, investors to recapitalise DiCos with $4.7bn

The Managing Director, Transmission Company of Nigeria (TCN), Dr. Usman Gur Mohammed, on Monday said that shareholders of the electricity distribution companies (DisCos) that consist of the Federal Government and the private investors in the firms, are to jointly raise $4.7 billion to recapitalize the firms to upgrade power distribution equipment in the country. Upon the privatization of the 11 Discos of the Nigeria Electricity Supply Industry (NESI) in 2013, the Federal Government retained 40 percent of the equity in the DisCos and divested 60 percent to private investors. Power…

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“Sport is a very strong element in youth development” -Nnamdi Okonkwo

Managing Director /Chief Executive Officer, Fidelity Bank Plc, Nnamdi Okonkwo, has described sport as a strong element in youth development. Okonkwo stated this at the closing ceremony of the Anambra State U13/U17 Academicals which took place at St. Mary’s High School, Ifitedunu, Anambra State at the weekend.He explained that Fidelity is pleased to partner with the state as a way of giving back to the society, stressing that through the initiative the bank also intends to curb youth restiveness by engaging them meaningfully.“Since sport is a very strong element in youth…

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GTBank launches #BeatTheDistance to enhance rural education

GTBank Improves Access to Education for Children in Rural Communities with #BeatTheDistance Initiative As the country marks the 2019 Children’s Day, leading Nigerian Bank, Guaranty Trust Bank Plc (GTBank) has launched a nationwide initiative, tagged #BeatTheDistance, to improve educational outcomes for children in rural communities by easing the difficulties they face with mobility to school and back. Through the initiative, the Bank is providing students in remote parts of the country with bicycles to reduce the time and energy they expend in getting to school whilst helping to boost their…

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OANDO Crisis: Police takeover OANDO head office, staff return home

Staff members of Oando Plc have been forced to stay away from work as policemen stormed the head office of the company on Monday morning. The Securities and Exchange Commission announced on Sunday night that it had set up an interim management team to oversee the affairs of Oando following the order that the company’s Group Chief Executive Officer, Mr. Wale Tinubu, and other affected board member should resign. Our correspondent who visited Oando’s Wing Office Complex located on Ozumba Mbadiwe Avenue, Victoria Island, observed policemen numbering over 10 at…

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OANDO Crisis: SEC names interim management team

The Securities and Exchange Commission, SEC, has constituted an Interim Management Team to oversee the affairs of Oando Plc, and conduct an Extra Ordinary General Meeting on or before July 1, 2019 to appoint new Directors to the Board of the Company, who would subsequently select a Management Team for Oando Plc. This was made known through a statement by the Head of Corporate Communications of the SEC, Mrs. Efe Ebelo, in Abuja. The interim management will be headed by Mr. Mutiu Olaniyi Adio Sunmonu, CON, who till date is…

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OANDO Crisis: SEC hammers Tinubu, Deputy

The crisis rocking the oil giant, OANDO Plc too a dramatic turn as the Securities and Exchange Commission’s (SEC) hammer falls on the Group Chief Executive Officer Wale Tinubu and the Deputy Group Chief Executive Officer, Omamofe Boyo. The SEC ordered Tinubu and his deputy to resign from the company and barred the duo and others affected from being directors of public companies for a period of five years. The SEC also directed the convening of an extra-ordinary general meeting on or before July 1, 2019, to appoint new directors.…

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AFCON 2019: HotSports Promise Freebies, Superlative Viewing Experience

The management of HotSports Nigeria Ltd, has promised Nigerians a superlative experience spiced with freebies for viewers for keeping faith with NTA and a fun-filled package comparable to what is available on other networks across the globe. President/CEO of HS Media Group, owners of HotSports brand, Taye Ige spoke at the headquarters of the Nigerian Television Authority in Abuja, at a ceremony heralding the signing of a Memorandum of Understanding appointing HotSports Nigeria Ltd as the “Official Exclusive Marketing Company” of Nigerian Television Authority, for AFCON 2019. Ige noted “it’s…

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How GT Bank’s CEO, Segun Agbaje is building a great African institution through digital transformation

When is a bank not a bank? That is a question Segun Agbaje, the multiple award-winning CEO and Managing Director of Nigeria’s Guaranty Trust Bank (GTBank) has been getting to grips with as he forges a new path for banking in Africa. Agbaje was always destined to become a banker, it seems, although he took a circuitous route. Initially, he qualified as an accountant and practised in the US before tiring of auditing and returning to Nigeria to follow his father’s footsteps into banking. There, in 1991, he joined an exciting…

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Mouka Celebrates Nigerian Children, Reinforces UN’s Declaration of Rights of Child in Commemoration of Children’s Day

Mouka Limited, Nigeria’s foremost manufacturer of foam and mattresses is felicitating with Nigerian children ahead of the Children’s Day celebration. Mouka believes that the occasion is a reminder that the rights of the child must be upheld in totality at all times and has therefore pledged its resolve to uphold the recognition that mankind owes to the child the best that it has to give, a premise upon which the adopted United Nations Declaration of the Rights of the Child was based. Considering this, the management of Mouka aligns its…

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Union Bank, Mama Moni establish innovation hub for low-income women

LAs part of its commitment to boost women empowerment, talent development, and financial inclusion, Union Bank recently partnered with MamaMoni Empowerment Foundation to set up an Innovation Hub for low-income women and girls from urban slum communities. The hub, which is located in Amuwo-Odofin area of Lagos State, was formally opened on the 21st of May, 2019. The vocational training program has been established to enable the girls and women to build sustainable means of living. It is anticipated that each year, over 400 underprivileged beneficiaries will receive training in…

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Fidelity Bank produces 77 millionaires GAIM in promo

Fidelity Bank has said a total of 77 customers won millions of naira in its Get Alert in Millions Savings Season 3 promo which ended recently in the country.  It said  many others also won consolation prizes of refrigerators, generators and television sets. A statement said the winners emerged from different geo-political zones of the country, adding that during the last promo, 13 winners emerged while a winner won the grand prize of N10m. Fidelity Bank’s Executive Director Shared Services and Products, Chijioke Ugochukwu said, the bank had been able…

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AfDB, Fidelity Bank sign $50m Financing Agreement for MSMEs

The African Development Bank (AfDB) has extended a $50 million facility to Fidelity Bank Plc of Nigeria for the growth of Micro Small and Medium Enterprises (MSMEs). The $50 million facility is designed to boost Fidelity bank’s capacity to promote the growth of the micro, small and medium enterprises (MSMEs) segment of the economy. At the agreement-signing ceremony on Tuesday in Abuja, it was revealed that the facility is totally dedicated to financing the MSMEs and a minimum of 30% of the entire financial package “will be devoted to wholly…

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Fidelity Bank Holds AGM, Assures of Greater Returns with Digitization

Shareholders of Fidelity Bank Plc are in for greater returns in 2019 financial year with the lender’s sustained investment in digital innovations that would engender enhanced customer service delivery and open fresh streams of revenue. Indications to this effect were given in Lagos, Friday by the Fidelity Bank CEO, Mr. Nnamdi Okonkwo during the Bank’s 31th Annual General Meeting (AGM) where the audited financial report for the year ended December 31, 2018, was presented to shareholders. According to Okonkwo, the bank will not relent on efforts to increase the adoption…

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Dangote to sell flour mills for N130bn

Dangote Flour Mill (DFM) Plc might have agreed in principle to grant Olam International Limited, a Singaporean agro-allied company, request to acquire the company in a bid worth N130 billion. Dangote Flour Mills, in a notice to the Nigerian Stock Exchange (NSE), said the total consideration offered by Olam to acquire its five billion shares was N130 billion. Olam, through its subsidiary Crown Flour Mills currently, owns over five million shares of Dangote Flour Mills and is bidding to take over the entire company. It stated that Olam was bidding…

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GTBank returns ₦57bn Profit before Tax for Q1 2019

Guaranty Trust Bank plc has released its unaudited Financial Results for the quarter ended March 31, 2019 to the Nigerian and London Stock Exchanges. The Bank recorded positive performance across all financial metrics with gross earnings for the period growing by 1.2% to ₦110.3billion from ₦109.0billion posted in March 2018. Profit before tax improved to ₦57.0billion from ₦52.6billion recorded in the corresponding period of March 2018, representing a growth of 8.3%. Customers’ deposits also rose by 6.0% to ₦2.410trillion in March 2019 from ₦2.274trillion in December 2018, whilst the Bank’s…

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Fidelity Chairman Calls for Greater Board Participation In Cybersecurity

Against the backdrop of high-profile and sophisticated online attacks on large commercial banks, Directors of listed and private companies in the country have been advised to take active roles in their respective organization’s cybersecurity framework and operations. The Chairman, Board of Directors of Fidelity Bank Plc, Ernest Ebi gave the counsel at the 2019 Bank Directors’ Association of Nigeria (BDAN) Conference on Cybersecurity held in Lagos. Whilst stating that organisations have become completely dependent on cyber networks to run their processes, Ebi pointed out that Boards need to understand and…

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Zenith Bank names Onyeagwu as Amangbo’s successor

Zenith Bank Plc. has announced the appointment of Mr. Ebenezer Onyeagwu as the Group Managing Director/CEO of the bank effective June 1, 2019. Onyeagwu replaces Mr. Peter Amangbo, whose tenure expires on May 31, 2019. Mr Amangbo leaves the bank at the end of a very successful career spanning over 27 years, with the last five years as GMD/CEO.  Ebenezer Onyeagwu is a vastly experienced banker and financial expert, trained in reputable institutions of learning in Nigeria, the United Kingdom and United States of America. He is an alumnus of the prestigious University of Oxford, England,…

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Autism Awareness Day – GTBank Rallies Support for Children with Developmental Disorders

As the world marks Autism Awareness Day, Guaranty Trust Bank is calling on members of the public to speak up against the stigmatisation of people living with Autism and other developmental disorders. The Bank, which runs an initiative to support children and adults living with Autism, is also urging well-meaning Nigerians and organisations to support people with special needs with the education and job opportunities that they need to lead fulfilling lives. (To learn more about Autism, visit csr.gtbank.com/autism.) Every year, thousands of children in Nigeria are born with Autism and…

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Fidelity Bank grows profits by 30.6% to N25.1BN, proposes dividend of 11kobo per share

Lagos Nigeria, March 29, 2019: Fidelity Bank Plc, in a clear demonstration of its resilience and stability, has announced an impressive financial result for the year ended December 31, 2018. The performance which capped a remarkable year showed strong growth in Gross Earnings, Profits and other key financial indicators. The top Nigerian lender which has become the clear leader among Tier 2 banks, posted a 4.8% growth in Gross Earnings from N180.2BN to N188.9BN whilst Profit Before Tax soared by 30.6% to N25.1BN when compared with the 19.2BN it recorded…

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Emirates celebrates the spirit of Africa with latest brand campaign

Emirates has launched a pan-African brand advertising campaign that celebrates the talent and achievements of young Africans, taking the message of ‘New Africa’ to the world. The campaign also features an original music video produced by Kenyan musician and DJ Blinky Bill, inspired by contemporary African electronic club music. Paying tribute to a new generation of African disrupters who are making their mark globally across music, fashion, literature and the arts, the campaign celebrates the cultural renaissance taking over Africa. The short films produced by the BBC (British Broadcasting Corporation)…

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