Brand & Business

Sterling’s Unify To Digitize Nigerian Higher Education with Africa EDUCare

Sterling Bank Plc, Nigeria’s leading commercial bank, has signed a memorandum of understanding (MoU) with Africa EDUCare, a disruptive innovation educational and healthcare solutions company, to transform higher education in Nigeria with Unify; Sterling’s innovative education management solution. The signed MoU is conceived to deploy Unify to transform education and administrative management, and to enable Africa EDUCare realize its dream of floating the Maranatha Institute… []

Sterling Positions For Expansion With New Structure

– Abubakar Suleiman, Chief Executive of Sterling Bank With the unanimous support received from her shareholders, Sterling Bank, soon to be known as Sterling Financial Holdings Company, is firmly positioned to expand her financial services footprint from traditional banking and deliver more value to her shareholders. According to the publicly available filings reviewed from the website of the Nigerian Exchange Limited (NGX), upon final ratification… []

FIRSTBANK PARTNERS VERVE INTERNATIONAL, MAKES CUSTOMERS MILLIONAIRES IN THE FIRSTBANK VERVE CARD PROMO

In partnership with FirstBank – Nigeria’s premier and leading financial inclusion services provider – Verve International, Africa’s leading payment technology and card business, has launched its third National Consumer promo designed to reward users of FirstBank verve card with exciting gifts and cash prizes to appreciate their patronage and use of the card to carry-out their electronic banking transactions. The ongoing 2-month promo will end… []

Heritage Bank, others canvass adequate Agric Financing for finance services repositioning

– George Oko-Oboh, Executive Director Heritage Bank Plc Heritage Bank Plc has affirmed that adequate agricultural financing is critical in defining Nigeria’s trade competitiveness, which guarantees sustainable agricultural systems, generates foreign exchange – a critical aspect that equips the financial sector to respond to changing market requirements and address critical sector needs for global competitiveness. The Executive Director of Heritage Bank Plc, George Oko-Oboh disclosed… []

Distress Hits BUA Cement,  Shareholders Lose N111.752b Over Equities Market Bearish Performance

As the equities market continues bearish performance, shareholders of BUA Cement Plc lost a whopping N111.752 billion in Thursday’s trading session. This is in spite of the fact that the company witnessed an improved performance in half year 2022 on various parameters like credit growth, asset quality, and profitability. Checks by Nairametrics showed that at the close of trading, BUA Cement Plc’s share price dropped… []

Shareholders Unanimously Approve Holding Company Structure For Sterling

Shareholders of Sterling Bank Plc unanimously voted in favor of the creation of a new non-operating holding company (HoldCo) to hold the shares in its commercial banking operation as well as the shares of a newly incorporated subsidiary, The Alternative Bank Limited, which will operate as a Non-Interest Banking (NIB) business. At the end of a court-ordered meeting in Lagos yesterday, the shareholders gave the… []

Heritage Bank joins forces with Gail Sickle Initiative to rescue sickle cell patients

Osepiribo Ben-Willie, Executive Director, Heritage Bank Heritage Bank Plc has upped the ante of its support in the corporate social responsibility space by joining forces with Gail Sickle Initiative to rescue people living with sickle cell anaemia. The partnership with Gail Sickle Initiative, a non-profit organisation, according to the Executive Director, Heritage Bank, Osepiribo Ben-Willie with its back-to-school project support, is to ameliorate the burden… []

UBA IS WELL POSITIONED TO MEET THE GROWING DEMAND OF ITS CUSTOMERS ACROSS AFRICA AND BEYOND – CEO

-Oliver Alawuba, GMD/CEO UBA The Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Oliver Alawuba, has said that the bank’s consistent investment in strengthening its digital channels have been paying off as UBA is well-positioned to meet the growing demand of its customers across Africa and beyond. Alawuba said when the bank’s new Executives visited the Nigerian Exchange Limited’s Head Office in… []

Wema Bank Boss Among Top 3 Most Prominent , Visible Bank CEOs In August – Report

-Mr. Ademola Adebise, MD/CEO Wema Bank Plc The Managing Director/Chief Executive Officer of Wema Bank Plc, Mr. Ademola Adebise, has emerged one of the top three most visible and prominent bank CEOs during the month of August 2022. Adebise was listed as the third most prominent bank CEO in the country in an independent media performance audit and analysis of 27 commercial bank’s carried out… []

Collaboration, Agriculture and Technological Innovation as tools to Reposition the Financial Services Industry in Nigeria for an Evolving Glocal Context

Mr. Farouk Gumel, Chairman, Board of Directors, Union Bank of Nigeria delivered the keynote address that formed part of the theme for the 15th Annual Banking and Finance Conference year’s conference tagged Repositioning the Financial Services Industry for an Evolving Global Context. The two-day event, hosted by the Chartered Institute of Bankers of Nigeria (CIBN), began on September 13, 2022, and is being attended by… []

Fidelity Bank Renovates Classroom Blocks, Commissions ATM Gallery In Zaria to Drive Financial Inclusion

L – R: Emir of Zazzau, His Royal Highness, Alhaji Ahmed Nuhu Bamalli; Executive Director, North Directorate, Fidelity Bank Plc, Hassan Imam; and Divisional Head, Brand and Communications, Fidelity Bank Plc, Meksley Nwagboh at the commissioning of classroom blocks renovated by the bank at Madrasatul Anwarul Islam, Kwarbai, Zaria, Kaduna State on Saturday, 18 June 2022. The bank also inaugurated a state-of-the-art Automatic Teller Machine… []

For Its Commitment To Nature Protection, Heritage Bank Wins Lagos Environmental Sustainbility Award

For its contribution and support towards Environmental Sustainability, especially, in Lagos, the state government, awarded Heritage Bank with its 2022 Environmental Sustainability Award. The bank joined other corporate organisations and schools within the State, awarded for their efforts towards protecting nature and limiting the impact of climate change on Earth. The Award was given to the bank by the state government through the Ministry of… []

Abdul Samad Rabiu, 48 Others Conferred With National Productivity Order Of Merit Award

-President Buhari in a handshake with Abdul Samad Rabiu Billionaire Industrialist, philanthropist and founder of BUA Group, Abdul Samad Rabiu, has been honoured with the 2019/20 National Productivity Order of Merit Award (NPOM) presented by President Muhammadu Buhari an event in Abuja today. This year, 49 people were granted the National Productivity Order of Merit Awards in various categories with four of them – Allen… []

Heritage Bank’s support for socio-economic growth earns Senior Executive EveAfrique Award

R-L: Osepiribo Ben-Wille, Directorate Head, South-South, South-East & Private Wealth Management receiving the “Heart of Gold” from Engr. Otunieh Otunte, President Society of Engineers, RS and Manager Danalec Nig Ltd., at the EveAfrique’s annual Red Ball for Charity, held in Port Harcourt. Senior Management Executive of Heritage Bank Plc received the “Heart of Gold” award by EveAfrique organiser of the annual Red Ball for Charity…. []

BUA Foods Welcomes MV BUNDU, Aquires First Of Two Shipping Vessels For Sugar Export Operations

BUA Foods, one of Africa’s leading FMCG companies has taken delivery of the first of two shipping vessels to augment its sugar export operations to the West African market, which kicked off successfully earlier this year. BUA Food’s export of refined sugar will benefit the economy, providing alternative source of income, while significantly diversifying the company’s markets. The vessels will depart and berth at BUA’s… []

FY 2021: Unity Bank Posts N50.28bn In Earnings, N3.33bn In Profit

-Unity Bank MD/CEO, Mrs Tomi Somefun Unity Bank Plc has declared a Profit Before Tax (PBT) of N3.33 billion in the financial year ended December 2021, indicating a 49.9 per cent increase from the N2.22 billion it recorded in 2020. Similarly, a review of the lender’s 2021 full-year result submitted to the Nigeria Exchange Limited (NGX) showed a significant improvement in its bottom line as… []

Access Bank Transits To HOLDCO Structure, Promotes 800 Employees

Access Bank Plc, Nigeria’s biggest bank by assets base, has announced the promotion of 800 employees following a robust performance management review in line with global best practices. The Group Head, Communications and External Affairs of the bank, Mr Amaechi Okobi, made the announcement in a statement on Monday in Lagos. According to the statement, the beneficiaries of this wholescale performance review exercise spanned the… []

Wema’s ALAT hits 1m accounts in one day

Africa’s first Digital Bank, ALAT By Wema, has unveiled the #BeAudacious campaign, as part of activities commemorating its 5th anniversary. Wema Bank in a statement said: “The #BeAudacious campaign, which was led by the Brand Ambassador and one of Africa’s leading music icons, Davido saw ALAT By Wema target the opening of one million new accounts in a 24-hour period that was also an attempt… []

ZENITH BANK EXPANDS MARKET SHARE WITH 22% GROWTH IN GROSS EARNINGS IN Q1 2022

Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2022, with an impeccable growth of 22% in Gross Earnings from N157.3 billion reported in Q1 2021 to N191.5 billion in Q1 2022. From the unaudited statement of account presented to the Nigerian Exchange (NGX) on Thursday, 28th April 2022, the strong double-digit growth in the topline culminated in an… []

First Bank Wins Double As Best Bank In Nigeria, Best Bank In Digital Transformation

Nigeria’s premier banking institution and leading financial services inclusion services provider, First Bank of Nigeria Limited has won two awards: Best Bank in Nigeria 2022 and Best Banking Digital Transformation Nigeria at the International Investor Awards 2022, a print and online publication that provides insights, news and visual informative pieces with topics ranging from world markets, investing opportunities, industry analysis and so much more. All… []