Banking Business News

Top tier Nigerian Bank pumps N232 into mega oil project

Ihesiulo Grace 11 August 2017 0

Heritage Bank has continued its push to rebuild the economy after it signed off on a deal worth N232 million to reinstate “Nigeria as the world’s largest palm oil producing county”. Heritage Bank’s managing director Ifie Sekibo joined Biase Plantations Limited on Friday to seal the deal. It’s

Banking

Top banks rated in countrywide survey, find out who tops the list

Ihesiulo Grace 11 August 2017 0

THE word ‘love’ doesn’t usually come up in conversation when talking about Nigerian banks. In some circles banks are simply a necessary evil. Customers begrudgingly trade off paying fees and charges to ensure their money remains relatively safe and sound. In other circles banks can be like a rich and well-connected uncle who has the […]

Banking

The who’s who of Nigeria’s banking industry

Ihesiulo Grace 11 August 2017 0

With the amount of mergers taking place in the Nigerian banking industry it can be difficult to keep up with who owns what. Nigerian banks don’t always have the best reputation when it comes to keeping your money safe so it’s always good to know who is behind safeguarding your money. Here is the latest […]

Banking

Court Strikes Out FG’s TSA Case Against Commercial Banks

Ihesiulo Grace 9 August 2017 0

The Federal High Court sitting in Lagos has struck out a suit filed by the Federal Government against seven leading commercial banks. The FG had previously sought to seek the remittance of the sum of $793,200,000 allegedly hidden with them in contravention of the Treasury Single Account policy instituted by President Muhammadu Buhari in late […]

Banking

Diamond Bank, Visa, partner to provide multiple payment options for Customers

Ihesiulo Grace 21 July 2017 0

Diamond Bank Plc has partnered with Visa to launch mVisa, a payment channel that gives customers full control of multiple financial transactions. The payment channel is designed to help expand the financial inclusion strategy of the Central Bank of Nigeria (CBN) as customers will make payments using their mobile phones “through the QR code and […]

Banking

Sterling Bank, DAAR Communication partner on environmental sustainability

Ihesiulo Grace 12 July 2017 0

Sterling Bank Plc and media broadcast corporation, DAAR Communication Plc, owners of Ray Power FM and AIT Television, have announced a strategic partnership aimed at keeping Nigeria clean and safe through mass awareness campaigns on environmental sustainability. Objective of the strategic partnership is the amplification of Sterling Environment Makeover (STEM) message on

Banking Business Capital Market

How 13 banks posted N118b PBT in three months

Ihesiulo Grace 12 July 2017 0

A total of 13 Deposit Money Banks (DMBs) have declared a total of N118 billion as Profit before Tax (PBT) in three month of 2016 (Q1 2016). According to our correspondent checks, the PBT declared by these 13 DMBs dropped by 13.4 percent or N18.2billion recorded in prior first quarter of 2015. Surprising, Union Bank […]

Banking

N500bn: Diamond Bank, firm collaborate, hold SME’s fair in Lagos

Ihesiulo Grace 7 July 2017 0

Small and Medium, scale businesses operating within Nigeria’s N500billion beauty and personal care products industry have sought for better economic positioning, through the organization of Nigeria’s biggest beauty products and services fair, which held in Lagos at the weekend. The fair, tagged: The Beauty Souk, facilitated by one of Nigeria’s biggest banks, Diamond Bank

Banking

Stanbic IBTC: Ajogu becomes Independent Director

Ihesiulo Grace 5 July 2017 0

The Board of Directors of Stanbic IBTC Holdings Plc has announced the appointment of Professor Fabian Ajogwu (SAN), as an Independent Non-Executive Director on the Board, to drive the Group’s growth strategy. A statement signed by Mr. Chidi Okezie, Company Secretary and released on Tuesday, July 4, 2017, via the Nigerian Stock Exchange, said that […]

Banking

Financial inclusion: Heritage Bank grows outlets to 400

Ihesiulo Grace 21 June 2017 0

With the alarming number of market women, artisans and underserved population who are unbanked, Heritage Bank Plc has deepen its retail banking structure by growing its agent banking base to 400 ‘Corner Shops.’ This is in line with the financial inclusion strategy of the Central Bank of Nigeria, as Heritage Bank Plc launches agent banking […]

Banking News

UBA promotes Africa’s renaissance, celebrates Africa Day

Ihesiulo Grace 31 May 2017 0

In line with its commitment to promote African culture and deepen its African footprint, the United Bank for Africa (UBA) Plc, on Thursday, joined the world to celebrate the 2017 Africa Day. The celebrations at UBA which spanned its countries of operations across the continent, was themed ‘Africa, the new Frontier’. According to UBA’s GMD, […]

Banking

UBA Group Starts Strong in 2017, grows Profits by 41 percent in Q1

Ihesiulo Grace 28 April 2017 0

The Pan African financial institution, United Bank for Africa (UBA) has released its unaudited first quarter results, showing significant growth across major income lines. Following a sterling performance in 2016 financial year, UBA Group delivered another impressive 41% percent year-on-year growth in profit-before-tax in the first three months of 2017. Leveraging on

Banking

Union Bank excites customers with 100th anniversary promo

Ihesiulo Grace 26 April 2017 0

Union Bank, has kicked off its 100th anniversary promotion with lots of rewards and giveaways for customers all through this year. The customer promotion, which is part of activities to mark the bank’s centenary anniversary in 2017, is unprecedented, as customers stand a chance of winning a brand new car each quarter for simply updating […]

Banking

FirstBank enhances banking experience through App

Ihesiulo Grace 24 April 2017 0

As part of its drive to leverage evolving technology in providing cutting-edge banking services to its customers, the Bank has continuously revamped it mobile banking application – FirstMobile – to boost convenience and ease of banking as well as enhance customers’ digital banking experience. It is worthy of note that in today’s world of technology […]

Banking Nigeria

Fidelity Bank restates commitment to deepening savings culture

Ihesiulo Grace 7 April 2017 0

… Wows customers in ongoing promo Fidelity Bank Plc has reiterated its commitment to deepen the general savings culture and help improve the standard of living amongst Nigerians. This initiative which is in line with the Central Bank of Nigeria’s financial inclusion policy seeks to empower the Bank’s customers and help them through the harsh […]

Banking Brands and Marketing Press Release

SKYE BANK GIVES OUT BRAND NEW CAR, A MILLION NAIRA AND OTHER GIFTS @GRAND DRAW TO END MONEYGRAM RECEIVE N WIN PROMO

Ihesiulo Grace 27 March 2017 0

Skye Bank Plc., is set to reward its loyal customers with a brand new car, a N1million naira and other cash and consolation prizes at a grand draw ceremony which brings to a close the 90-days Skye Bank/MoneyGram “Receive and Win” promotion which commenced in December 2016 through to February this year. According to a […]

Banking Business

UBA Wins Most Innovative Bank Of The Year

Ihesiulo Grace 15 February 2017 0

Pan African banking and financial services group, United Bank for Africa (UBA) Plc has added yet another award to its growing list of laurels as it emerged Most Innovative Bank of the Year at the Independent Newspapers Awards The award which is a recognition of innovative products and services introduced by the bank in the […]

Banking Business

UBA Encourages safe living with “Cashless December”

Ihesiulo Grace 6 December 2016 0

…rewards customers with Cash Prizes, Beats by Dre, DSTV explorers   Pan-African financial services group, United Bank for Africa Plc, UBA, has announced the commencement of its annual end of year campaign, Cashless December. This year’s edition has been themed “25 Days of Awesomeness” and it seeks to reward cashless living.   Customers who use UBA […]

Banking Business

CIBN wants enabling law amended to sanitise banking sector

Ihesiulo Grace 6 December 2016 0

The president of the Chartered Institute of Bankers of Nigeria (CIBN), Prof. Segun Ajibola, says the institute wants its enabling act amended to help sanitize the banking sector. Ajibola told the News Agency of Nigeria (NAN) on Monday in Lagos that the institute would soon propose to the National Assembly an amendment to the CIBN […]

Banking

Hannah Akahoho Segbefia emerges winner of the National Essay Competition in Ghana

Ihesiulo Grace 1 December 2016 0

17 year old, Miss Hannah Akahoho Segbefia, of Wesley Girl’s SHS has emerged overall winner of the 2016 edition of the UBA Foundation National Essay competition, winning the sum of $5,000.00 as an educational grant to study in any African university of her choice.   Hannah clinched the first position at the grand finale held […]