The President of Senegal, H.E. Macky Sall, President of Liberia, H.E George Weah and United States Senator Chris Coons will form part of a high-level leadership panel to be moderated by the Chairman, United Bank for Africa (UBA) and Founder of the Tony Elumelu Foundation, to discuss Africa’s economic recovery in the 2020 edition of UBA’s Africa Conversations. The African ... Read More »
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MTN commits N600b to network infrastructure
MTN Nigeria plans to spend an estimated N600 billion on technical infrastructure over the next three years as it looks to expanding its network coverage across the country by 2024 Speaking at its first public Annual General Meeting which held in Lagos on Friday, the CEO, MTN Nigeria, Ferdi Moolman said: “Due to the nature of our business, we always ... Read More »
ZENITH GENERAL INSURANCE’S PROFIT BEFORE TAX RISES BY 16% TO N3.67bn
Zenith General Insurance Limited has released its full-year financial statements for the year ended 31 December 2019. A review of the results showed positive improvements on a year-on-year basis with profit before tax rising by 16% from N3.16bn to N3.67bn while profit after tax rose by 10% up from N2.79bn to N3.06bn. The company also maintained a robust balance sheet ... Read More »
Heritage Bank to disburse CBN’s N100bn loan to health
.... sells FX to SMEs, education sectors As part of proactive measures to cushion the effect of the COVID-19 and revamp the nation’s dwindling economy, Heritage Bank is set to disburse the N100billion set aside by the Central Bank of Nigeria (CBN). This is in line with the apex bank’s policy to introduce another intervention scheme directed to the health ... Read More »
COVID 19 Rebound: We are building Entrepreneurs and supporting financial Inclusion through Xpress Point Agents – Ecobank
Ecobank Nigeria has reiterated that its agency banking scheme, also known as Xpress Points, is building entrepreneurs and pushing financial inclusion to the large unbanked and under-banked population in Nigeria. The Ecobank Xpress Point enables eligible Agents to carry out financial transactions on behalf of Ecobank and earn commission on every transaction processed. The consumer experience is very good as customers can do ... Read More »
COVID 19: Decision Necessary to Sustain Business-Wigwe
Wigwe, Access Bank’s Group Managing Director’s entry into banking, one may say, was not by chance, nor accidental. Looking back at his meteoric rise and achievements within the space of time he began his banking career in Guaranty Trust Bank Limited (GTBank) and now, it would be safe to deduce that he has accounted well for his time so ... Read More »
FirstBank Cardholders Records N1.18trn in Transactions Value during Lockdown
Since its establishment in 1894, FirstBank has consistently built relationships with her customers, focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and effective leadership. These, amongst others, are the reasons the Bank has dominated the financial market for over 126 years. The Bank has led the financing of private investment in infrastructural development in the ... Read More »
Zenith Bank CEO admits COVID-19 will severely impact banks
One of the most immediate impacts of the Pandemic is the fact that the oil price crash will have negative implications for banks’ revenue targets. “In terms of banking, the drop in the price of crude is affecting directly the exposure that banks have created in the oil and gas sector. Revenues are challenged now, no doubt. And you have ... Read More »
Post COVID19 Rebound – Ecobank Nigeria Holds Virtual Graduation Ceremony For Batch 7 Trainees
57 trainees, who represent batch seven set of graduates being absorbed into Ecobank Nigeria as full time employees were last week hosted to a virtual graduation ceremony by the Ecobank Academy – the first of its kind by the bank in Nigeria as it positions itself as a high quality employer ready for the opportunities of a post-COVID19 lockdown. In ... Read More »
COVID-19: SMEs’ partnership, rigorous commitment key to sustainable economy growth- Sekibo
In light of the sharp dwindling in the global economy occasioned by Covid-19 pandemic, the MD/CEO of Heritage Bank Plc, Ifie Sekibo disclosed that with partnership, truth, character and rigorous commitment to businesses, the micro, small and medium enterprises (MSMEs) stand to revamp the nation’s economy for sustainable growth. He also stated that evidences have shown that for SMEs to ... Read More »