Banking

Bank shareholders want FG, CBN re-open Savannah Bank

Ihesiulo Grace 13 June 2016 0

  ..The bank was given opportunity to re-capitalise but failed – Analyst Shareholders of Deposit Money Banks (DMBs) have again shown their grievances over an endless wait of getting back their bank on track, calling on the Federal Government (FG) and the Central Bank of Nigeria (CBN) to

Banking Business

NESG Gets New DG

Ihesiulo Grace 13 May 2015 0

  Mr Laoye Jaiyeola has been appointed the new Director General of the Nigerian Economic Summit Group (NESG). Jaiyeola takes over from Frank Nweke II, who retired in November 2014 after six years of service the DG and now a senator. Jaiyeola was appointed to pilot the affairs of the group after being ratified by […]

Banking Business

Fidelity Bank Share Dividend Surges 29%

Ihesiulo Grace 11 May 2015 0

Shareholders of Fidelity Bank Plc are to claim about 29 per cent more on dividend for the financial year ended December 31, 2014, with the unanimous approval of 18 kobo per ordinary share of 50 kobo dividend, from 14 kobo in 2013. In its released financial statements for the year ended 31, December 2014, Fidelity […]

Banking Business

Access Bank Traverses Risks to Post N43 Billion Profit

Ihesiulo Grace 11 May 2015 0

  Access Bank Plc has impressively navigated the heady winds which challenged the financial sector in 2014 to post a Profit after tax of N43.06 billion, signifying a 19.5 per cent improvement for the financial year ended December 31, 2014 from N36.03 billion recorded in the same period of 2013. The Bank’s Gross earnings for […]

Banking Business Money News

Fact behind the Figures as FBN Holdings Prepares for AGM, 2015

Ihesiulo Grace 7 May 2015 0

As FBN holding prepares for its 3rd Annual General Meeting, AGM 2015. The stalwarts of FBN Holdings were at the Nigerian Stock Exchange to give detailed analysis on how the group had fared in the last business year and expressed great expectations about the forth coming year. Extracting from the Group CEO; Bello Maccido’s earlier […]

Banking Business

Despite Economic Headwinds Sterling Bank Sees Sustainable Growth

Ihesiulo Grace 1 May 2015 0

Sterling Bank Plc has posted an impressive 15.4 per cent Profit Before Tax (PBT) of N10.7 billion in a year (2014) described by not a few analysts as tough for the financial sector and has pledged to sustain its growth trend in 2015 despite foreseeable headwinds in the first three quarters. In his address to […]

Banking

Shareholders Commend UBA over Regional Ratings

Ihesiulo Grace 29 April 2015 0

Pan-African financial services group, United Bank for Africa (UBA) Plc has been commended by its shareholders for its pole ratings in other African countries. The board and management of the Bank which held its 53rd Annual General Meeting (AGM) at the Oriental Hotel in Lagos recently, were jointly praised by shareholders over the 2014 performance […]

Banking

Why FCMB’s Corporate Identity Was Changed – CEO

Ihesiulo Grace 29 April 2015 0

… Posts 38% profit increase     The Group Managing Director/Chief Executive, First City Monument Bank (FCMB) Limited, Mr. Ladi Balogun has explained that the rebranding of the bank’s corporate identify was to project the vibrant state of the company. Balogun made the clarification while speaking with Journalist at FCMB’s 2nd Annual General Meeting in […]

Banking Business

Nigeria Secures 22nd WCBI Hosting Rights

Ihesiulo Grace 22 April 2015 0

The Chartered Institute of Bankers of Nigeria has won the rights to host the 22nd World Conference of Banking Institutes (WCBI) which will take place in 2017.   After a robust presentation to the delegates by Otunba (Mrs) Debola Osibogun, FCIB, President/Chairman of Council, at the just concluded 21st edition of the WCIB Conference, in […]

Banking Business

Heritage Bank Advocate Entrepreneurship Culture among University Students

Ihesiulo Grace 21 April 2015 0

Heritage Bank has called on the nation’s teeming population of undergraduate and postgraduate students to focus on the global shift towards entrepreneurship as a means of generating employment and wealth, instead of endlessly looking for non-existent employment after graduation. The Bank’s Chief Executive Officer, Mr. Ifie Sekibo who was represented by Group Head, SME

Banking

BoI Service Platform Upgraded to Support 24/7 Delivery

Ihesiulo Grace 20 April 2015 0

In order to efficiently deliver on its mandate through available service platforms, the Bank of Industry (BoI) has re-engineered its processes and upgraded the institution’s banking application architecture. Specifically, the bank’s core banking application (CBA) known as Equinox has been upgraded to Rubikon, a software believed to hold more benefits for the bank and its

Banking Health

$300 Million from African Development Bank to Support Post-Ebola Recovery Programs

Ihesiulo Grace 19 April 2015 0

African Development Bank President Donald Kaberuka announced $300 million to support the national Post-Ebola Recovery program of Ebola-affected countries during the World Bank-IMF Spring Meetings in Washington. AfDB’s funding will provide support to Governments of Ebola-affected countries by investing in health, education, water and sanitation, agriculture and

Banking

Bank Deploys Banking Software to Boost Service Delivery

Ihesiulo Grace 17 April 2015 0

Union Bank of Nigeria Plc (UBN) has deployed the Oracle FLEXCUBE Universal Banking Solution 12.0, to modernise its infrastructure, improve business operations and enhance the customer service delivery. UBN deployed Oracle FLEXCUBE Universal Banking Solution 12.0, which is the latest version of the software as the single operating platform for its countrywide network. The

Banking Business

Protester Attacks ECB President

Ihesiulo Grace 16 April 2015 0

The President of the European Central Bank (ECB), Mario Draghi was attacked by a protester on Wednesday during the bank’s regular briefing for journalists in Frankfurt. Just minutes into his introductory statement, a women jumped onto his desk shouting “end ECB dictatorship!” She was dragged out of the room by security guards, but not before […]

Banking Business

Keystone Bank to Be Sold during Buhari’S Tenure – AMCON      

Ihesiulo Grace 16 April 2015 0

Recent findings has revealed that earlier plans to sell Keystone Bank Limited after the general elections will have to wait for the incoming administration of President-Elect, Muhammadu Buhari, before it can proceed, the Asset Management Corporation of Nigeria (AMCON) has said. Keystone is the last of three nationalised lenders to be sold after Mainstreet Bank […]

Banking Business

UBA Becomes First Indigenous Dual Listed Firm

Ihesiulo Grace 10 April 2015 0

A group of capital market operators have stated that the listing of the UBA Plc N30.50 billion bond on the Financial Market Dealers Quotations Over-the-Counter (FMDQ OTC) and the Nigerian Stock Exchange (NSE) would boost market liquidity.   FMDQ OTC is another trading platform on the nation’s capital market.   The capital market experts said […]

Banking

Bank of Industry Rated A- by Agusto & Co

Ihesiulo Grace 9 April 2015 0

The Bank of Industry (BOI) has secured a domestic credit rating of A- from Agusto & Co, a leading Nigerian credit rating agency.   By the rating, the Bank of Industry has been adjudged to be a financial institution with good financial condition and a strong capacity to repay obligations on a timely basis.   […]

Banking Business

BoI to Secure Licence for off-Grid Power Generation

Ihesiulo Grace 8 April 2015 0

The Bank of Industry (BoI) in its bid to complementing the efforts of govern ment to explore other sources within the energy mix said that plans have reached advanced stage for it to secure li cense for solar power gen eration in rural communities across the country. Managing Director/ Chief Executive Officer, BoI, Mr. Rasheed […]

Banking

CBN Issues Conditions for Bancassurance Operations

Ihesiulo Grace 2 April 2015 0

Central Bank of Nigeria (CBN), has issued a new set of guidelines for banks providing bancassurance, mandating them to conduct thorough due diligence/ periodic assessment on selection of insurance partners, which must hold valid operational license from National Insurance Commission (NAICOM). The directive in a circular to banks and signed by Director of Banking

Banking

Davebrook Opens Nigeria’S First Online Newsroom

Ihesiulo Grace 31 March 2015 0

Davebrook Digital PR Services (davebrookPR), has announced the unveiling of Nigeria’s first online newsroom services, which is a digital platform designed to connect businesses in Nigeria with national and global publicity opportunities. DavebrookPR online newsroom is a product of independent research; working with various clients over a 10 month period where it discovered