With your FIRSTMONIE WALLET, your VALENTINE has got a boost with bonus data and airtime

You’ve got Firstmonie Wallet on your phone? Did I hear you say Yes… then, count yourself lucky because your first daily recharge and data subscription between 13 – 15 February will give you the opportunity to speak more to your loved ones, or spend more time on your favourite social media channel. In sharing love this valentine season, Firstmonie Wallet – the electronic wallet initiative by FirstBank – will gift customers bonus 100% data and 50% airtime on their first recharge each day across all GSM networks… make some Noise!!! Firstmonie Wallet…

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WTO set to appoint Okonjo-Iweala as DG

Nigeria’s former Minister of Finance, Ngozi Okonjo-Iweala, is set to be appointed as its first female and first African to lead the World Trade Organization next week. The organisation made this known in a statement titled, ‘WTO General Council to consider the appointment of next Director-General’, on its website on Tuesday. “The WTO’s General Council will hold a special meeting on 15 February at 15:00 Geneva time to consider the appointment of the next Director-General. The meeting will take place in virtual format,” the statement added. This is coming after…

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Aig-Imoukhuede Institute commences leadership programme for public servants

The Aig-Imoukhuede Institute and the Africa Initiative for Governance have announced the commencement of the AIG Public Leaders Programme in partnership with the University of Oxford’s Blavatnik School of Government. Introducing the programme, Mr Aigboje Aig-Imoukhuede, Founder and Chairman of the Aig-Imoukhuede Institute, said: “As part of our objectives to drive public sector transformation, we have been working with the Office of the Head of the Civil Service of the Federation (OHCSF) to build capacity in the Nigerian public sector. “Accordingly, we have leveraged our long-standing relationship with one of…

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FirstBank provides loan facilities to FirstMonie agents

In furtherance of the need to promote the business activities of its foremost agent banking platform – Firstmonie Agents – Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited, has announced the provision of loan facilities – up to one million naira – to its banking agents. The Bank currently has over 86,300 Firstmonie Agents, spread across the country’s 772 Local Government Areas. With its location in every neighbourhood, Firstmonie Agents have been integral to filling the financial exclusion gap, providing convenient banking services that are easily accessible,…

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FBN Holdings Plc announce new board appointments

FBN Holdings PLC (“FBNHoldings), Nigeria’s leading financial holdings company, has announced the appointments of Mr. Seni Adetu and Mrs. Juliet Anammah as Independent Non-Executive directors, while Mr. Otu Hughes has been appointed as a Non-Executive director. These appointments are subject to the approval of the Central Bank of Nigeria (“CBN”). Speaking on the appointments, the Group Chairman of FBN Holdings Plc, Dr. Oba Otudeko, CFR, said, “On behalf of the board, management and staff of FBNHoldings, I am delighted to welcome the trio of Seni Adetu, Mrs. Juliet Anammah and Otu Hughes to…

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Sterling Bank introduces improved agricultural commodity trading platform in Nigeria

…to facilitate funding for agro dealers Leading commercial bank, Sterling Bank PLC has declared open for public use SABEX, its newly enhanced agriculture commodities platform in Nigeria. SABEX, first introduced in 2018, is the world’s first fully digitised, end-to-end blockchain commodities trading and financing platform, built by Sterling Bank Plc in collaboration with AFEX Commodities Exchange Limited. Mr Yemi Odubiyi, Executive Director, Corporate & Investment Banking of Sterling Bank, who disclosed this in a statement issued by the bank recently, explained that the upgraded digital commodities trading platform will provide…

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Fidelity Bank gets ABCON, Enugu First Lady’s commendations at Capacity Building Webinar for SMEs

Fidelity Bank Plc, top Nigerian lender has reaffirmed its commitment to enhancing the productivity and prosperity of Micro Small and Medium Enterprises (MSMEs) in the country by providing capacity building and advisory services, innovative funding options and other forms of relevant support that would significantly improve their overall contributions to national development.  Fidelity CEO, Mrs. Nneka Onyeali-Ikpe gave the assurance at the Fidelity SME National Capacity Building Webinar organized by the bank for entrepreneurs in Enugu State, in collaboration with the Enugu State Ministry of Trade and Commerce and the Enugu SME…

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FG announces complete closure of 3rd Mainland Bridge

The Federal Government says it would completely shut down the Third Mainland Bridge for three days to allow for ongoing rehabilitation works on the bridge. Federal Controller of Works in Lagos, Olukayode Popoola, who announced the development on Wednesday, said the closure would take effect from 12 am on Friday, January 29th to February 1st. He said the closure was necessary to allow for repairs of the fragile and crucial expansion joints replacement. “The construction works has reached the stage for casting concrete on additional three expansion joints, hence the…

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Fidelity Bank hosts national capacity building webinar for SMEs

…Maiden Enugu edition to empower entrepreneurs   Fidelity Bank Plc, top Nigerian lender is set to organise a National Capacity Building Webinar For Small Medium Enterprises (SMEs) in the country. The programme is part of deliberate efforts to assist entrepreneurs across all sectors of the Nigerian economy develop requisite capacity to unlock their full potentials and take their businesses to the next level of growth.   Targeted specifically at existing businesses operating in critical sectors of the economy including trade and commerce, manufacturing, hospitability, education, entertainment, transportation and agriculture, these…

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Africa Fintech Foundry to boost innovation and ‘Techpreneurs’ with 2021 ‘accelerator’ programme

Africa’s foremost innovation hub, the Africa Fintech Foundry (AFF), has opened up its registration portal for the 2021 Accelerator program. The initiative, which is being executed in partnership with Access Bank Plc, seeks to fast-track the growth of the best start-ups operating within the African technology ecosystem. The ‘Accelerator’ programme will fast track and assist the selected start-ups to navigate issues such as start-up pricing and competitiveness, creating endearing customer experiences, support and retention, hiring and people management, scaling for growth and  product development cycle fundamentals amongst others. Speaking at…

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FirstBank deepens financial inclusion with largest agent banking network empowers SMEs

At present, there are over 86,000 banking agents across 772 out of the 774 local government areas in Nigeria, a demonstration of FirstBank’s commitment to deepening financial inclusion and ensuring the unbanked are adequately catered for. In an interview with BusinessDay, Adesola Adeduntan, FirstBank’s CEO, noted that over N9.6 trillion had been processed through the bank’s agent network. As he explained, FirstMonie agents have supported several government and NGOs’ cash transfers to the poorest of the poor in the rural areas. Additionally, selected FirstMonie agents in the rural communities are…

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Ex-Fidelity Bank chairman, Ebi to bury mum on January 29

The Matriarch of the Ebi family; Ezinne Maria Eriaba Ebi will on Friday January 29, 2021 be laid to rest at Urualla in Ideato North Local Government Area (LGA) of Imo State. Ezinne Maria Ebi, who is mother to former Deputy Governor of the Central Bank of Nigeria (CBN) and former Chairman of Fidelity Bank, Mr. Ernest Ebi, died on November 15, 2020 at the age of 91. According to a statement from the family, the burial activities will begin on Thursday January 28, 2021 with service of songs at…

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FCMB Asset Management Limited assigned credit rating of BBB+(IM)

FCMB Asset Management Ltd (FCMBAM), the Asset Management arm of FCMB Group Plc, has been assigned an Investment Manager rating of BBB+(IM) by Agusto & Co., a foremost pan-African rating agency. FCMB Group Plc is one of Nigeria’s leading financial institutions. According to the rating agency, “the rating reflects the Manager’s well-established process for generating good quality research, experienced & qualified decision-making committees, member of an established financial services group with an operational track of over 30 years”. The firm was established in 1997 to provide portfolio management and investment…

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FirstBank begins 2021 with innovative, convenient virtual payment card

FirstBank of Nigeria Limited, Nigeria’s leading financial inclusion services provider has launched the Virtual Payment card, a Naira denominated debit card and digital representation of the plastic debit card. The card is designed to be linked to either a customer’s operative account or wallet account. The FirstBank Virtual Payment Card is a suitable alternative to the use of cash and cheques, with its wide-range features which  include the ability of cardholders to protect his/her card using the block and unblock capabilities; PIN Reset; Change PIN as well as view statement at…

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Access Bank renews commitment to customer education and satisfaction, with improved complaint channels

Driven by  its promise to deliver unrivalled customer service to all its customers, Access Bank Plc has announced an extension of its customer education and complaint management activities. Over the years, Access Bank has strived to reach all audience tiers and communities, communicating  and simplifying information on how customer-related bottlenecks can be resolved. According to Ogor Chukudebelu, the Chief Customer Experience Officer at Access Bank Plc, the institution’s efforts are borne out of the desire to “heighten the public’s consciousness and radically improve awareness of the vast array of resources…

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Ajayi wins 59th FirstBank Lagos Open Golf Championship

Ikoyi Club based category-1 amateur golfer, Ajayi Tajudeen has emerge winner of the 59thedition of the FirstBank sponsored Lagos Open Golf Championship. Ajayi closed with 1-under par 70 for a total of 7-over the course par to win the Championship by two-shots after 56-holes. Happy at the recently held golf tourney, Ajayi adduced his success to hard work, saying “I practiced a lot”. “There is no short cut to success which is why I take the sport very seriously. I was well prepared for this tournament because I practiced a…

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Court orders bank to sell Forbe’s rated billionaire’s property

The Olugbo of Ugbo Kingdom in Ilaje Local Government Area of Ondo State, Oba Fedrick Akinruntan is embattled as the High Court of the Federal Capital Territory in Jabi, Abuja, presided over by Justice Hassan Babangida has ordered the sale of his Abuja Febson Hotels and Malls located in Abuja. The court gave the order on the hotel owned by one of his companies, Obat Oil and Petroleum Limited to offset N5 billion debt it owes Ecobank Plc. based on a suit filed by Ecobank. The hotel, Febson Hotels &…

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FCMB names an amazon as replacement for Nuru Adam as CEO

First City Monument Bank has appointed its former Chief Financial Officer, Yemisi Edun as acting Managing Director. Edun was asked to step into the shoes of the Managing Director, Adam Nuhu, in acting capacity, who volunteered to go on leave while the bank probes paternity allegation involving a former staff of the bank, Moyo Thomas. It was learnt that the board of the bank met on Wednesday and a decision was reached that the most senior personnel, Edun, should step into the position as acting managing director. Edun holds a…

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My Bank, My Wife and The New Social Order, By Joseph Edgar

Let me first out myself. I am a former Employee of FCMB. I worked there for a bit in the securities trading arm, CSL. CSL is a legendary institution that continues to be the corner piece of the Nigerian Capital Market. I was the Head of Local Business. One thing that attracted me to the firm was its legacy. Its founder, Chief Subomi Balogun, was a hero of sorts to young Stockbrokers like myself. He had built the institution from his boot straps to the behemoth it is today with…

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FirstBank tees-off 59th Lagos Amateur Golf Open Championship

Nigeria’s premier and leading financial inclusion services provider, First Bank of Nigeria Limited has announced that the 59th edition of its annually sponsored Lagos Amateur Golf Championship Teed-Off at the golf section of Ikoyi Club 1938 on Monday, 28 December 2020. The competition, which is one of the longest running international amateur events in the country is endorsed by the United State Golf Association (USGA) and the Royal and Ancient (R&A) of Scotland. Preceding the 2019 event, the golf tourney reached the notable milestone of being listed amongst the golf tournaments…

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Fidelity Bank announces retirements, appointments of board members

Fidelity Bank Plc wishes to announce new Board appointments in place of some of its outgoing Directors, who recently successfully completed their tenure on the Board in accordance with the Bank’s internal governance policies. Mrs. Aku Odinkemelu, Executive Director, South Directorate, who was appointed to the Board on August 4, 2014, will be retiring by December 31, 2020. As Executive Director, Aku played a defining role as a member of the transformation team in Fidelity Bank over the last 6 plus years. Her responsibilities covered the Commercial, SME, Consumer and Public Sector…

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The Next Titan Season-7: Heritage Bank powers Palm oil entrepreneur with N10m

Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider, in its continued bid to support Micro, Small and Medium Enterprises (MSMEs), has again empowered the winner of The Next Titan Season-7 with whooping sum of N10million. An entrepreneur, Joshua Joseph Idiong who is the CEO of Josult Oil Processing Company, a palm oil processing company in Akwa Ibom State emerged the winner of the Next Titan Season-7, themed: The Unstoppable.” The graduate of Federal University of Technology Owerri with Bachelor Degree in Environmental Science emerged winner after competing with Ifeanyi…

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COVID-19: FirstBank launches ‘Mask Up, Stay Safe’ campaign

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its ongoing digital campaign “Mask Up, Stay Safe” as part of its advocacy to encourage everyone to consciously protect one another against the COVID-19 pandemic. The digital campaign which is designed to employ a fun approach to urge and engage its stakeholders on the need to observe the safety and precautionary guidelines during the festive season is implemented using the Bank’s customised face mask filter on Instagram, that is made of the bespoke FirstBank 125th Anniversary pattern…

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From Emeka to Emeka: Okonkwo takes over as Emuwa steps down as Union Bank CEO

LAGOS, NIGERIA – The Board of Union Bank Nigeria Plc announces today that, after eight years leading the Bank, its Chief Executive Officer, Emeka Emuwa, has communicated his decision to retire from the Bank and his role as CEO on March 31, 2021. Emeka Emuwa joined Union Bank in November 2012, following a $500 million investment by Union Global Partners, with a mandate to transform and restore one of Nigeria’s oldest institutions back to its rightful position as a respected provider of financial services. With his imminent departure, the Board…

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Why FG may shut border again -Buhari’s aide

The Presidency, on Tuesday, says the Federal Government is studying activities at four of the nation’s land borders which were reopened last week, adding that the government may close the borders again if there is any “trouble”. Senior Special Assistant to the President on Media and Publicity, Garba Shehu, made this known on Tuesday while speaking on Channels Television’s Politics Today programme monitored by The PUNCH. The Federal Government had on December 16 ordered the immediate reopening of the Seme Border in Lagos State, Illela Border in Sokoto State, Maigatari Border in Jigawa…

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Heritage Bank partners LAWMA for sustainable greener, cleaner Lagos

…Launch Lagos Recycle Initiative Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider has entered into strategic partnership with Lagos Waste Management Authority (LAWMA) to attain sustainable greener and cleaner Lagos. The partnership which heralds the launch of Lagos Recycle Initiative is targeted at curbing the huge challenge of plastic pollution for better ecosystem, through recycling and waste management reward system for residents of the State. On the path of Heritage Bank, MD/CEO, Ifie Sekibo affirmed that the collaboration was part of the move to promote the implementation of the…

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Access Bank is Nigeria’s safest bank for 2020

For its continued efforts towards ensuring the protection of customer funds and data, Global Finance has named Access Bank the ‘Safest Bank’ in Nigeria for the year 2020. This is part of the platform’s 29th annual World’s Safest Banks rankings. Global Finance’s annual rankings of the World’s Safest Banks has been the recognised and trusted standard of financial counterparty safety for more than a quarter-century. The Safest Banks by Country were selected through an evaluation of long-term foreign currency ratings – from Moody’s, Standard & Poor’s and Fitch – and…

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BAFI Awards: FirstBank’s COVID-19 response sets the pace in CSR for other financial institutions, By Aniekan Ezekiel

From the publisher of BusinessDay, Frank Aigbogun’s welcome address at the recently held BusinessDay’s Banks and other Financial Institutions (BAFI) Awards came the following words: ‘The year 2020 has been a most interesting year. The economy and communities have been managed by disruptions imposed by COVID-19. Yet financial services have shown uncommon responsiveness and compassion towards customers and communities.’ Indeed, this has been an unusual year, no thanks to the coronavirus pandemic, but it has been a year defined as much by COVID-19 and its associated disruptions and difficulties as…

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Access Bank begins dollar payment for fund transfers

Access Bank Plc has started nationwide payout of dollars to beneficiaries of international remittances, in response to the recent policy change by the Central Bank Nigeria (CBN). The CBN had directed that recipients of international remittances can now receive their funds in cash in dollars or to have funds paid directly into their domiciliary accounts. Executive Director, Retail Banking, Access Bank Plc, Victor Etuokwu, said the nationwide dollar payment was part of the bank’s promise to create value and meet the needs of its customers. “We are happy to announce…

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Heritage Bank boosts Creative Industry with N5bn

…As winner of Ynspyre Account online giveaway received N1m Entertainment and creative sector is about to receive a huge boost, as Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider has arranged to set aside N5billion as a support funds to drive the industry and stimulate sustainable growth to the nation’s economy. Meanwhile, Heritage Bank doled out the sum of N1million to Damilola Adeyemi, a winner of an online giveaway competition to celebrate the bank’s product, Ynspyre ambassador, Oladapo Daniel Oyebanjo, better known by his stage name D’banj, which heralds…

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NCOY: FirstBank is powering the Next Generation of Nigerian Innovators and Entrepreneurs

What did (the various territories that were later to be amalgamated into) Nigeria look like in 1894? How about a hundred years later in 1994? And what could Nigeria look like in the year 2094? History provides elaborate answers to the first two questions. Answers – accurate or near-accurate answers, that is – to the third, however, will rely entirely on the ability to predict/envision the future and work to invent and create the predicted future. With a continuing shining legacy of nation building – supporting innovative financial, commercial and…

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Africa FINTECH Foundary, Access Bank host virtual roundtable

Africa’s leading digital innovation hub, Africa Fintech Foundry (AFF), is set to host the first virtual edition of its FinTech innovation Roundtable on December 11, 2020. Themed ‘Let’s Talk Tech Resilience 2021’, the event will feature experts in venture capital, technology, innovation and tech startups across the globe. The objective of the event is to understand and inspire disruptive technology-driven solutions in the financial services sector.  “The COVID-19 pandemic and socio-political movements have affected the world on a global scale and have interestingly accelerated digital transformations,” said Daniel Awe, Head…

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LASG partners FirstBank for affordable healthcare

The Lagos State Health Management Agency (LASHMA), in its commitment to ensure that residents at the grassroots have access to affordable, effective and quality healthcare, has partnered with First Bank of Nigeria Limited to utilise its over 13,000 Firstmonie Agents as payment channels for the Lagos State Health  Scheme (LSHS). The General Manager, Lagos  State Health Management Agency (LASHMA), Dr. Emmanuella Zamba, made the disclosure during  the flag off of the partnership in Alausa, saying that the partnership became necessary to facilitate ease of health insurance premium transactions for residents,…

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Fidelity Bank excites stock market with smooth transition and sustained financial performance

The stock market was in excitement on Wednesday with the smooth transition at Fidelity Bank Plc, when MD/CEO, Mr. Nnamdi Okonkwo gave account of his 7-year stewardship and formerly introduced his successor, Mrs. Nneka Onyeali-Ikpe to stockbrokers.   Speaking during the closing gong ceremony, held virtually, to formally close trading activities on the stock market, Mr. Okonkwo said he delivered on the promise, upon assuming office on January 1, 2014, to foster a robust engagement with the market, grow the bank and improve on key performance indices.   “I am…

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Access Bank ‘W’ Initiative creates opportunity for conversation on gender-based violence, hosts virtual webinar

In response to the rising cases of gender-based violence in Nigeria and across the world, Access Bank’s ‘W’ Initiative in partnership with the Nigerian Governors Wives against Gender-Based Violence (NGWA-GBV), recently organised a virtual webinar themed ‘Tackling the menace of gender-based violence in our society’. The webinar featured notable guest speakers such as; Erelu Bisi Fayemi, the First Lady of Ekiti State; Dr Olufolake Abdulrazaq, the First Lady of Kwara State; Mrs Bola Tinubu, the Founder, Cece Yara Foundation and Dr Kemi Dasilva-Ibru, the Founder, Women at Risk Foundation(WARIF). Despite…

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Carleton’s Sprott School of Business Launches Educational Partnership with Atlantic Hall School in Nigeria

Carleton University’s Sprott School of Business and Atlantic Hall School have signed a Memorandum of Understanding (MOU) to enhance entrepreneurship and experiential learning opportunities for secondary school students in Nigeria. “We are delighted to enter this educational partnership with Atlantic Hall School,” said Dana Brown, Dean of the Sprott School of Business. “We look forward to collaborating on teaching and learning initiatives that foster entrepreneurship and the next generation of change makers.” Through this partnership, Sprott School of Business faculty in the Technology Innovation Management program will provide training to…

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Sell metres, face sanctions -FG warns DISCOs

The Federal Government has said it will sanction any electricity distribution company or its representatives selling meters or asking Nigerians to pay money to get the item. The Special Adviser to the President on Infrastructure, Mr Ahmed Zakari, gave the warning at a stakeholders’ engagement on electricity tariff, organised by the FGN/NLC-TUC Ad-hoc Committee. Zakari said, “We have made it clear through the regulator’s direct order as well as the intervention from the Ministry of Power that these meters are to be provided to Nigerians at no cost. “Even for…

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Mouka attains triple laurels of distinction at Brandcom 2020

Mouka has attained triple laurels at the recent Brandcom Awards, which saw the company clinching the “Brand of the Year”, the “CEO of the Year” and “Marketing Manager of the Year” in the beddings category. The award was organised by Brand Communicator, a leading brands and marketing magazine at D’ Podium International Event Center, Lagos, on Friday, November 27, 2020. Eulogising Mouka for the feats, the organiser and Publisher, Brand Communicator, Joshua Ajayi, stated that the foremost company attained the awards for its outstanding performance and thought-leadership role in the…

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Sterling Bank’s PayWithSpecta boosts sales for businesses, gives digital credit limits to consumers

Specta, Nigeria’s fastest lending platform owned by Sterling, has created a digital credit solution known as PayWithSpecta. The new solution allows customers to pay for goods in instalments, while Merchants are credited instantly; helping businesses increase sales.  PayWithSpecta offers digital credit limits to customers to purchase items in-store at Merchant locations or from Merchant online platforms.  Also, PayWithSpecta gives Merchants the opportunity to access credit for their business activities. Consumers can make purchases at zero percent interest rate at designated stores for those who choose 30 to 90 days repayment…

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BAFI: Fidelity Bank Wins Commercial Bank of the Year as Nnamdi Okonkwo Bags CEO of the Decade Award

“The reward for hard work they say is more work. We are encouraged to continue to do more for the benefits of our customers and the overall economy” he stated. Also, on the night, the Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mr. Nnamdi Okonkwo was honored as the banking sector CEO of the Decade for “transforming Fidelity Bank into one of the fastest growing and most trusted financial services brands in Nigeria”.  The organizers specifically noted some of his key achievements to include the rebranding project which drove an increased youth…

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COVID-19: FIRSTBANK LAUNCHES NEXT-GENERATION ATM, SPEARHEADS INNOVATION IN ELECTRONIC BANKING IN NIGERIA

In the light of COVID-19, FirstBank has launched the FastTrack ATM, a Next Generation ATM and first of its kind in Africa, designed to promote financial activities on the ATM devoid of any form of physical interaction with the machine. The introduction of the FastTrack ATM which is done in partnership with Inlaks enables customers carry out cash withdrawals without having to touch the interface of the ATM. With the FastTrack ATM, widely referred to as Touchless Solution, the customer carries out the transaction by using his or her mobile…

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FBNHoldings Group wins big at 2020 GPWA

FBNHoldings Group has won big at the 2020 Great Place To Work Award ceremony held last week Friday in Lagos. The Holdings Company along with its subsidiary companies; First Bank of Nigeria Ltd,  FBNQuest Merchant Bank and FBNQuest Capital won various awards at the prestigious event. FBN Holdings Plc received a Platinum Certification as a Great Workplace further attesting to the quality of its people practices. It also received the award for the Best Workplace for Millennials; this has become evident with a high percentage of its workforce in this…

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Emirates offers first-ever $500,000 multi-risk travel insurance coverage

Emirates customers can now plan their travels and fly with even greater assurance and peace of mind, with the airline’s latest industry-first initiative to provide expanded, multi-risk travel cover on top of its current COVID-19 cover. Provided by Emirates at no additional cost to its customers, and provided by AIG Travel, this cover is the first of its kind in the airline and travel insurance industry. It is designed to provide all Emirates passengers a truly unique offer for stress-free and hassle-free travel. This new multi-risk travel insurance and COVID-19…

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Nnamdi Okonkwo Emerges Banker of the Year

Fidelity Bank CEO, Mr. Nnamdi Okonkwo was on Sunday adjudged Banker of the Year at the Business Hallmark People of the Year Awards 2020.  The award, presented during an elaborate ceremony in Lagos, was conferred on Mr. Okonkwo in utmost recognition of his leadership and vision having not only overseen strong financial performance for the bank in recent times but also guiding the financial institution to greater heights in a highly competitive industry.   According to the organizers, Hallmark Newspapers Limited, the award was aimed specifically at recognising individuals and…

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Q3 2020: Zenith Bank Profit Before Tax rises by 1%

Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2020 with with a Profit Before Tax (PBT) of N177 billion, representing a 1% growth over the ₦176 billion posted in the same period in the previous year. This performance demonstrates the Group’s resilience against the backdrop of a challenging macro-economic environment brought about by the Coronavirus (COVID-19) pandemic. According to the unaudited account which was presented to the Nigerian Stock Exchange (NSE), gross earnings were up 4% year-on-year (y-o-y) to ₦509 billion, driven by…

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Banks now charge customers for failed transactions

Nigerian banks have started charging customers for failed transactions, a move that could further compound economic hardship already assailing the masses. The charges were imposed following a CBN directive earlier this year that directed banks to penalise customers who initiate direct debit transactions on their account but lack funds to complete the transaction. In an email notice sent out to customers by Stanbic IBTC on Thursday and seen by Peoples Gazette, the penalty of one percent of the amount being transferred or N5000 of such, depending on the highest fee,…

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GTBank posts ₦167.4bn PTB for Q3

Guaranty Trust Bank plc has released its unaudited financial results for the period ended September 30, 2020 to the Nigerian and London Stock Exchanges. The 3rd Quarter result shows improved performance across key financial metrics, reaffirming the Bank’s capability to navigate the current economic challenges occasioned by impact of COVID 19 on World economies. The performance reflects its position as one of the leading and best managed financial institutions in Africa. The Group reported Profit before tax of ₦167.4billion, representing a decrease of 1.9% over ₦170.7billion recorded in the corresponding…

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Sterling Bank grows trading income by 265% in Q3 2020

Sterling Bank Plc, a full service national commercial bank, has reported a trading income of N7.1 billion for the third quarter ended September 30, 2020 compared with N1.9 billion for the corresponding period of 2019, representing an increase of 264.7 percent. The bank made the remarkable financial performance despite the prevailing uncertainties that characterised the macro-economic environment in the wake of the outbreak of the Covid-19 pandemic and the attendant fiscal reforms by the Federal Government.  In his remarks on the impressive performance, Mr. Abubakar Suleiman, Managing Director and Chief…

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Nigeria’s biggest e-commerce tech holds November 26

Hicolumn, the biggest ground-breaking e-commerce Tech that gives merchants (big or small), especially small and medium enterprises (SMEs) the opportunity of leveraging the internet to serve or sell to their existing and prospective customers anywhere and anytime, without the customers physically visiting the shops opens in grand style on November 26, 2020. It promises enabling consumers to buy from shops that they would ordinarily prefer to buy from physically. The hi-tech company being a platform designed for consumers to buy from and within their immediate community of residence is set…

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Consumers laud Mouka for quality products, initiatives for improved wellbeing

Consumers have commended Mouka for its delivery of quality products that improve wellness and other worthy initiatives in line with its mantra of adding comfort to life. They also applauded the frontline company for its leading role in the manufacturing of mattresses and other bedding products which cater to the needs of the different segments of the society, to make quality sleep possible. The commendation came on the heels of the advocacy by the Nigeria Society of Physiotherapy (NSP) that quality sleep helps in boosting the immune system to help…

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