Brand & Business

Strategies Applied By Access, Fidelity, Zenith Banks, Others To Meet Their Recapitalization Targets Revealed

— Collage of Nigerian Banks logo  By St. Johnson Adegboyega  Several Nigerian banks are deploying a combination of traditional, innovative and unconventional strategies to meet that bank recapitalization targets. This is according to information from staff and top executives of some of the commercial banks who spoke to us under the condition of anonymity. Banks including Access Bank, Zenith Bank, Fidelity Bank, and FCMB, are… []

Collaborative Frontier Finance Appoints Chinwe Egwim As Chief Economist and Director of Research and Impact Lab

— Chinwe Egwim  By St. Johnson Adegboyega  Kenya based Collaborative for Frontier Finance (CFF), an Inclusive Finance Company has appointed Nigerian Chinwe Egwim as the Chief Economist and Director of Research and Impact Lab. CFF is renowned for its multi-stakeholder approach to increasing access to capital for small and growing businesses (SGBs) in emerging markets across Africa and the MENA region. Chinwe Egwim brings a… []

Fidelity Bank Affirms Commitment to Data Protection and Strong Corporate Governance

Fidelity Bank logo (File) By Adeola Idris  Our attention has been drawn to a news story titled, “NDPC Fines Fidelity Bank for Data Breach”. While the matter is a subject of an ongoing engagement with the regulator, we wish to assure the public that we have conducted ourselves to the highest ethical standards by ensuring full compliance with extant laws on data protection. Below is… []

1,500 Osun Residents Benefit from Fidelity Food Bank Outreach

— Fidelity Bank logo (file) By St. Johnson Adegboyega  Over 1,500 residents made up of women, children, widows, and the elderly have benefited from the one-day feeding program organized by Fidelity Bank in Osun State. The food bank project was held at St. Benedict Catholic Church, Osogbo, Osun State under the bank’s Corporate Social Responsibility (CSR) Initiative created to reach out to vulnerable persons and… []

1,500 Osun Residents Benefit from Fidelity Food Bank Outreach

— Fidelity Bank logo (file) By St. Johnson Adegboyega  Over 1,500 residents made up of women, children, widows, and the elderly have benefited from the one-day feeding program organized by Fidelity Bank in Osun State. The food bank project was held at St. Benedict Catholic Church, Osogbo, Osun State under the bank’s Corporate Social Responsibility (CSR) Initiative created to reach out to vulnerable persons and… []

NCC Orders Telcos to Block Stolen SIM Cards Within Five Minutes

By Bunmi Onakan  The Nigerian Communications Commission (NCC) has issued a directive requiring all telecommunications companies (telcos) to block stolen subscriber identification module (SIM) cards within five minutes of receiving a report from subscribers. This new mandate is part of the NCC’s efforts to enhance consumer protection and improve service standards across the telecommunications sector. In a recently released publication titled “Quality of Service Business… []

Unity Bank Champions Digital Literacy and Innovation for Youth Empowerment 

—- Unity Bank logo (file) By Adeola Idris  In line with its commitment to supporting youth empowerment and technological innovation, and creating opportunities for Nigerian youths to thrive in the digital economy, Unity Bank Plc recently held a high-impact webinar to explore the role of digital technology in sustainable development. The event drew participants from across Nigeria featuring the Telecommunications, Media and Technology, (TMT) ecosystem including start-ups,… []

Union Bank Reports 20% Growth In PBT H1, 2024, Despite CBN’s Intervention

By Bunmi Onakan  Despite the challenging environment following the Central Bank of Nigeria’s intervention in January 2024, which led to heightened customer concerns, Union Bank of Nigeria has reported a profit before tax of N79.8 billion on gross earnings of N333 billion during the half year ended June 30, 2024 compared with a profit before tax of N66.5 billion on gross earnings of N210.5 billion… []

American Express Partners Flutterwave On Credit Card

— Flutterwave logo (File) By St. Johnson Adegboyega  American Express is expanding its African play with a new partnership with Flutterwave. The credit card company has been seeking ways to make inroads into Africa, where cash is still king. On Tuesday, Flutterwave, a leading payments technology company, announced that its online merchants in Nigeria can now accept American Express payments, expanding the card’s reach. This… []

Hydrogen Launches ‘Healthy Heart, Healthy Business’ Initiative to Promote Heart Health Among Business Owners

— Hydrogen Payment Services Team By St. Johnson Adegboyega Hydrogen Payment Services Company Limited (Hydrogen), a leading payment services company, is excited to announce the commencement of its “Healthy Heart, Healthy Business” initiative, beginning on 30th July 2024. This significant initiative highlights Hydrogen’s commitment to promoting heart health awareness among business owners and professionals, focusing on the importance of managing high blood pressure (BP) and… []

ACCESS HOLDINGS PLC EXTENDS RIGHTS ISSUE ACCEPTANCE PERIOD TO AUGUST 23, 2024

  — File photo of Access Holdings  By St. Johnson Adegboyega  Access Holdings Plc (“the Group”) has announced an extension of the acceptance period for its ongoing Rights Issue. Initially set to close on August 14, 2024, the period has now been extended to August 23, 2024, following the approval of the Securities & Exchange Commission (SEC). The statement, signed by the Group’s Company Secretary,… []

Fidelity Bank’s Consistent Strong Growth Excites Investors

— Fidelity Bank Logo (File) By St. Johnson Adegboyega  Fidelity Bank Plc has recorded an average annual profit growth of 64 per cent over the past three years, underlining its resilience as one of Nigeria’s fastest growing companies. The bank has also seen rapid expansion in customer base and assets as total balance sheet size leapt from N2.1 trillion to N6.2 trillion, the sixth largest… []

Access Bank Joins NGX To Launch Impact Board

— Gregory Jobome, Executive Director, Risk Management, Access Bank Plc in conversation with Balarabe Abbas Lawal, Minister of Environment at the launch of the NGX Impact Board at the Nigerian Exchange recently.   By St. Johnson Adegboyega Access Bank Plc, Nigeria’s leading institution in sustainable finance, was one of the participants in the launch of the Nigerian Exchange Limited (NGX) Impact Board, a dedicated platform… []

Transcorp Group CEO, Owen Omogiafo Named LBSAA President

— Owen Omogiafo  By St. Johnson Adegboyega The Lagos Business School Alumni Association has appointed the Group Chief Executive Officer of Transcorp, Owen Omogiafo, as its president, Omogiafo emerged as LBSAA president at the association governing council meeting, election & handover were held recently in Lagos and Valentine Okelu and Misan Eribo were also elected vice president and secretary, respectively. Omogiafo succeeded Mr Agada Apochi,… []

Sterling One Foundation Announces Afreximbank as Strategic Partner for Africa Social Impact Summit 2024

— Sterling One Foundation (File) By Bunmi Onakan To foster more private sector participation in the drive towards the achievement of the Sustainable Development Goals (SDGs) in Africa, the Sterling One Foundation has announced African Export-Import Bank (Afreximbank) as its strategic partner in hosting the third edition of the Africa Social Impact Summit (ASIS) to be held from July 25 -26, 2024 in Lagos, Nigeria…. []

Fidelity Bank Eyes Oversubscription To N127.1 billion Combined Offers

— File photo of Fidelity Bank  By Adeola Idris  Against the background of groundswell of supports and enthusiasm for the bank’s ongoing offers, Fidelity Bank Plc has started preparations to allow the bank absorb oversubscriptions. With investors rallying behind the bank’s N127.1 billion combined rights and public offer, market pundits had indicated that the bank would raise more than initial size of the combined offer…. []

Liquidation: NDIC, Law Enforcement Agencies To Investigate Heritage Bank Executives

— File photo of the defunct Heritage Bank  By Adeola Idris  Following the ultimate and timely collapse that recently befell the now-defunct Heritage Bank, the Nigeria Deposit Insurance Corporation (NDIC), in collaboration with law enforcement agencies, is set to investigate the directors, managers, and staff of the bank. The announcement comes over a month after the bank’s liquidation. Bello Hassan, NDIC managing director represented by… []

Access Bank PLC Consolidates Operations in East Africa, Completes Acquisition of BancABC Tanzania

— Roosevelt Ogbonna, Access Bank’s Managing Director/Chief Executive Officer By St. Johnson Adegboyega    Access Bank PLC (“the Bank”) has announced the successful completion of its acquisition of African Banking Corporation (Tanzania) Limited (“BancABC Tanzania” or “BancABC”), in line with its strategic expansion goals. This milestone follows the Bank’s initial announcement in July 2023 and marks yet another step in its journey to become the… []

Fidelity Bank leads trading as equities gain N324b

By St. Johnson Adegboyega Fidelity Bank Plc was the most active stock on Monday, 10 June 2024 at the Nigerian stock market as a strong positive sentiment led Nigerian equities to a net capital gain of N324 billion in the first trading session of the week. The market opened with widespread positive sentiment as investors sought to lock into value stocks in the high-end sectors… []

Banks, Experts, Others Explore Customer Service Experience at 3rd ACAMB Stakeholders Conference

— (File) ACAMB Logo By Adeola Idris  The Association of Corporate Affairs Managers of Banks (ACAMB) is pleased to announce its third National Stakeholders’ Conference with the theme: Building Bridges: Collaborative Solutions for a Trusted Banking and Financial Services Experience. The conference, where end-to-end customer service issues in Banks and other financial institutions will be explored by top-tier select Speakers and subject experts’ panel, is… []