Fuel Price Crisis: Ngige issues ‘open-ended’ statement, not foreclosing increment

Labour and Employment Minister, Dr. Chris Ngige is saying the Federal Government has assured Nigerians that there is currently no increase in the price of Premium Motor Spirit. A statement on Friday by the Minister of Labour and Employment, Senator Chris Ngige, said “there will be no increase in the price of PMS for now as discussions are still ongoing between government and the organised labour as well as other stakeholders on the matter.” Going by the statement, the government is at the same time not foreclosing an increment. Ngige…

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Fidelity Bank Supports CBN’s New FX Policy, Targets Improved Diaspora Remittance

Fidelity Bank Plc, a leading Nigerian bank has restated its readiness to continually support the Central Bank of Nigeria’s (CBN) efforts to engender sustainable economic development by significantly improving diaspora remittances and foreign exchange (FX) inflows into the country.   Fidelity Bank CEO, Mrs. Nneka Onyeali-Ikpe who made this known on Saturday at the inaugural edition of the Fidelity Diaspora Webinar Series in Lagos stated that the bank would leverage its robust digital infrastructure, bespoke product offerings and extensive partnership with International Money Transfer Operators (IMTOs) to strengthen remittances inflows.   While applauding…

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Stanbic IBTC, named in ex-Custom boss, Dikko’s fraud and concealment case

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has told a Federal High Court, Abuja how a private lawyer, Mr. Umar Hussaini received the sum of N1.1 billion from Cambial Ltd, an estate development firm over the sale of 120 units of houses for officers of the Nigeria Customs Service. Hussaini is facing a 2-count charge of obtaining by false pretence contrary to and punishable under the Advance Fee Fraud and Other Related Offences Act 2006 before Hon Justice Ijeoma Ojukwu, of the Federal High Court, Abuja. While…

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3 jailed for attempting to dupe Dangote $32k

A Lagos State High Court presided over by Justice S. S. Ogunsanya, on Tuesday, sentenced a former General Manager of the Dangote Industries Limited, Mojisola Aladejobi and two others Raymond Akanolu and Balogun Alaba, to seven years’ imprisonment over a $32,000 insurance fraud. The convicts were arraigned by the Economic and Financial Crimes Commission on two counts of conspiracy and attempt to obtain money by false pretences to the tune of $32,000. It was gathered that the convicts had sometime in October 2014 conspired among themselves to defraud Dangote Industries…

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COVID-19: CACOVID donates Incinerator, 260 Oxygen cylinder to LASG

The private sector Coalition Against COVID-19 (CACOVID), on Tuesday, fulfilled its pledge to the Lagos State Government by donating 260 medical oxygen gas cylinder and newly purchased Incinerator to Yaba Isolation centre in Lagos. Speaking to media at the commissioning of the Incinerator and presentation of gas cylinder to Lagos State government, Managing Director and CEO of Aliko Dangote Foundation, who doubles as an administrator of CACOVID, Zouera Youssoufou said, though a total number of 260 gas cylinder of different sizes were donated to the Lagos State government including incinerator,…

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Ahmad, Awosika, others listed as speakers at Access Bank’s IWD Fireside chat

In commemoration of the International Women’s Day, the W Initiative of Access Bank Plc has announced that its International Women’s Day Fireside Chat will hold on Thursday, March 11th 2021. The Fireside chat is themed: ‘Take the Center Stage: Speak Up!’. Through the event, the Bank seeks to analyse and offer solutions to how women can maintain assertiveness in the workplace, own their voice as well as identify and handle imposter syndrome. Other conversation areas include the importance of flexible work environments in encouraging engagement and retention for women in…

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#GiveHerBetaHealth: GTBank Champions Access to Health Insurance for Women on International Women’s Day

As the 2021 International Women’s Day (IWD21) calls on people and organisations to #choosetochallenge for a better world for women, Guaranty Trust Bank plc (GTBank) has launched an initiative, tagged #GiveHerBetaHealth, to draw attention to the need for universal essential healthcare coverage, especially for women in the informal sector. Through the initiative, the leading African financial institution is providing 1000 self-employed women with BetaHealth for a year, at no cost. Launched in 2020, BetaHealth is a low-cost healthcare package that provides coverage for essential health services such as malaria treatments,…

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FirstBank unveils FirstMe account to grow SMEs

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced its SME specific accounts designed to reinforce the Bank’s role in putting SME’s at an advantage whilst contributing to national growth and development. The SME accounts – which are in two variants – FirstSME Classic and FirstSME Deluxe – are offered to SMEs, irrespective of industry, and tailored to have SMEs exposed to a wide range of services and opportunities that are essential for their continued growth and role in contributing to national development. The…

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21 communities ask IKEDC for disconnection over crazy bills

Angered by monthly crazy bills, 21 communities in Ikorodu North Local Council Development Area (LCDA) in Lagos State have asked Ikeja Electricity Distribution Company (IKEDC) for disconnection. In a letter dated 18 February 2021, titled “request for de-loading of transformers in our communities” and signed by chairmen of twenty two Community Development Associations (CDAs) in ward E4, Ikorodu North, the communities stressed that they were tired of paying outrageous bills monthly. According to the communities led by Mr. Alaba Salako, this was despite the fact that they had written and…

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Osinbajo, Emefiele to speak as Fidelity Bank launch Diaspora Webinar Series on new remittance policy

Fidelity Bank Plc, top Nigerian bank has concluded plans to host its Diaspora Webinar Series with the inaugural edition slated for Saturday, March 06, 2021 by 2pm. This virtual session seeks to enlighten Nigerian citizens’ resident abroad on recent policy measures by the Central Bank of Nigeria (CBN) and its attendant implications for Diaspora investments.   Rightly themed, “The New CBN FX Policy and Positive Impact To Diaspora Investments in Nigeria”, the session will also aim specifically at providing them with valuable insights, intelligence, and expertise on how to stay on top of their investments back home.     The…

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Onebank introduces Ajo Scheme for family and friends

Sterling Bank Plc has added rotation savings and peer-to-peer lending feature to the available options on OneBank, its digital banking platform. The new feature, known as Ajo Scheme, is the digital construct of Ajo, Esusu and Adashe, the oldest informal means of collecting and saving money through a savings club or partnership for big-ticket transactions such as a down-payment on a house, car, gadgets, school fees, overseas trips. The Ajo Scheme will allow members that are OneBank users to make an agreed monthly contribution with funds accessed on an agreed…

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LASAA flags off awareness campaign for outdoor adverts regulation

Lagos State Signage and Advertisement Agency (LASAA) has flagged off the first phase of an awareness campaign to sensitise the general public on the need for compliance with regulations guiding outdoor advertisement in the state.  The regulations cover on-premise and off-premise signage displays as well as registration of mobile adverts. Speaking during one of the agency’s awareness campaign in Lagos, Managing Director of LASAA, Prince Adedamola Docemo, said it is important to sensitise and educate the public on the need to comply with the LASAA law before the agency begins…

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Access Bank to empower startups through Africa FinTech Foundry

The Africa FinTech Foundry (AFF), an initiative of Access Bank Plc has commenced its accelerator programs The initiative is set to empower emerging startups, with mentorship programs, advisory and has committed N10 million in cash to the top three finalists. The accelerator program which opened its entries last month, received 306 registrations and after rigorous assessments was later shortlisted to 30 participants. Theses finalists were further screened by the Head of the Africa Fintech Foundry, Mr. Daniel Awe; Group Head, Emerging Businesses, Access Bank, Mrs. Ayodele Olojede; and Vice President,…

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Morola Babalola: The Maven Of Real Estate Business In Nigeria

When it comes to the business of Real Estate in Nigeria, the name Morola Olabisi Babalola is definitely worthy of some accolades and encomium. Driven by her passion to create impact and see many rise from the scratch of shelter, to live among the high and mighty in the society, coupled with her spirit of hard work and wealth of experience, she has turned the fantasies of a countless number of families into fantastic realities. No doubt, when Morola was going into the Nigerian property business, she had one goal at…

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Petrol hits N170 per litre

Fuel marketers have started adjusting their petrol pump prices amid the supply shortage facing private depots in Apapa. Our correspondent observed that some filling stations in Lagos and Ogun states increased the pump price of petrol to N170 per litre on Tuesday from N162 per litre. Some of the stations were Capital Oil and Gas, Fatgbems and Amo Oil, all along the Lagos-Ibadan Expressway. Another station, Enyo Retail, adjusted its pump price to N165 per litre from N162. The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike…

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Sterling Bank Partners Zipline on medical drone delivery service

Sterling Bank’s Health Technology Partner; Zipline has signed a service level agreement with Kaduna State Government for the implementation of drones in the health supply chain system. Zipline, is a global drone delivery service and will use autonomous delivery drones to help transform emergency healthcare and expand access to critical life-saving medications in the State.  Mr. Obinna Ukachukwu, Divisional Head, Health and Education Sector for Sterling Bank Plc, who disclosed this in Kaduna on Wednesday during the signing of the partnership’s Memorandum of Understanding said that the delivery services does…

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Fidelity Bank undertakes largest ticket Tier II Local Bonds in Nigeria

Fidelity Bank Plc has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at a 8.5 percent coupon rate due in 2031. The bond issuance which was fully subscribed given that total investor interest and commitments in the bonds were N56.6 billion, adds to the impressive portfolio of landmark transactions structured by the bank, and underscores its capacity to successfully execute debt capital market transactions.  The transaction is a landmark achievement in the Nigerian domestic debt market for being the largest corporate bonds ever issued by a Nigerian Bank…

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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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