Brand & Business

Prudential Africa Leads Industry With Highest Number Of Million Dollar Round Table (MDRT) Qualifier

Prudential Africa has announced that 222 of its sales representatives across seven of its markets in Africa have qualified for the Million Dollar Round Table (MDRT) in the first half of 2022. This is in comparison to 39 qualifiers from the same period last year, up 469 percent. This makes Prudential the company with the highest number of MDRT members in Africa, with the largest… []

ASR Africa Begins Construction Of ICT Hub, Student Affairs Building In UNIBEN

The Abdul Samad Rabiu Africa Initiative (ASR Africa) – the brainchild of Abdul Samad Rabiu, Founder and Chairman of BUA Group has performed the groundbreaking ceremony for the construction of an Information & Communication Technology (ICT) building, and a Student Affairs Building at the University of Benin in Edo State in fulfillment of the N1billion tertiary infrastructure grant awarded to UNIBEN in July 2021 as… []

Sterling Bank dominates CIBN awardees list 

Sterling Bank Plc, recently named “The Overall Best Place To Work (Large Corporates)” in Nigeria by the Great Place to Work (GPTW) Institute for 2020 and 2021, has emerged the most awarded financial institution on the awardees list at the recently held 2022 Chartered Institute of Bankers of Nigeria (CIBN) Fellowship Investiture. At the event, more than 20 senior executives of Sterling Bank were among… []

Sterling Reaffirms Commitment To Agriculture At Fifth ASA

– Mr. Abubakar Suleiman, CEO, Sterling Bank Plc Chief Executive Officer (CEO) of Sterling Bank Plc, Mr. Abubakar Suleiman has said the bank is ready and willing to invest more in Nigeria’s agricultural sector, having invested more than N100 billion; a figure that represents about 15 percent of the bank’s total loans portfolio. The CEO stated this in his closing remarks at the Agriculture Summit… []

Wema Bank grows earnings by 51% to N95.354 billion on loan growth

Nigeria’s most innovative bank and digital banking pioneer, Wema Bank Plc, has recorded gross earnings of N95.345 billion in the third quarter ended September 30, 2022, representing a growth of 51.17% year-on-year, from N63.077 billion posted during the same time in 2021. According to the bank’s unaudited financial results for the third quarter of 2022, the grow in gross earnings reflects an increase in loans… []

Unity Bank, Lagos Food Bank Partner to Donate Food Items to Lagos Community

In a massive collaborative initiative to support and promote interventions targetted to addressing hunger and malnutrition in communities, Agric lender, Unity Bank Plc and Lagos Food Bank have donated food items worth millions of Naira to Ogundimu Ilaje, a riverine community in the suburb of Lagos. A statement from the Bank adds that the intervention is part of the Bank’s strategic Corporate Social Responsibility aimed… []

Fidelity Partners SMEDAN To Empower SMEs

In what has been termed a major move to bridge the gap in helping small businesses access much needed funding and capacity development initiatives, leading financial institution Fidelity Bank Plc has announced a strategic partnership with the Small and Medium Enterprises Development Agency (SMEDAN). At a Memorandum of Understanding (MOU) signing ceremony held in Lagos recently, the Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs… []

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… []