Brand & Business

FastCash Offers Loan For School Payment

– FCMB logo By Bunmi Onakan  As students get set to resume another academic session, FastCash, powered by First City Monument Bank (FCMB), is offering parents and guardians up to N200,000 to help them cover the costs of school fees and back-to-school supplies. The credit line supports the purchase of school uniforms, books, bags, confectionaries, and other items required to enhance children’s learning experience. Commenting… []

Access Pensions Surpasses N1 Trillion AUM Milestone

Access Pensions Limited, a subsidiary of Access Corporation, has achieved an astonishing feat, surpassing the N1 trillion mark in assets under management (AUM). In an impressive trajectory, the Company – which emerged from the business combination of Sigma Pensions and First Guarantee Pension in December 2022 – has scaled up its assets under management to surpass the N1 trillion threshold in just six months. This… []

Zenith Bank Appoints DR. Juliet Ehimuan A Non-Executive Director

– Dr. Juliet Ehimuan By Bunmi Onakan The Board of Directors of Zenith Bank Plc has appointed Dr. Juliet Ehimuan as a Non-Executive Director of the bank effective August 29, 2023. The appointment, which was announced in a statement to the Nigerian Exchange (NGX) Limited on Tuesday, August 29, 2023, has also be confirmed by the Central Bank of Nigeria. Dr Juliet Ehimuan is the… []

Dangote Cement: Clarification Of Cement Price Misinformation

…..says Nigeria’s price is in line with or lower than prices across the West African coast. Management of Dangote Cement Plc has clarified that the price of a bag of cement from its factories across Nigeria (as at 28th August 2023) is N4,010 in Okpella and N4,640 in Ibese, Objana, and Gboko. Including transportation costs and the location of delivery, prices could range between N5,000… []

Onyeali-Ikpe, Olusanya Make Top 10 On 2023 Definitive List Of Women CEO

  – Nneka Onyeali-Ikpe, Managing Director/CEO, Fidelity Bank Plc The third annual Africa.com Definitive List of Women Chief Executive Officers (CEOs) was revealed on April 19. Nneka Onyeali-Ikpe, Managing Director/CEO, Fidelity Bank Plc and Miriam Chidiebele Olusanya, Managing Director, Guaranty Trust Bank made the top 10 list. Both companies are listed on the Nigerian Exchange Limited (NGX). The list is unique in that it is… []

University VC Hails Dangote’s Impact on Nigeria’s Agricultural Revolution

L–R, Vice – Chancellor of Lagos state University of Science and Technology Ikorodu, Prof. Olumuyiwa Odunsanya, Vice – Chancellor Lagos state University Ojo, Prof. Ibiyemi Olatunji – Bello, Managing Director/ CEO, Dangote Fertilizer, Vishawajit Sinha, Secretary of Committee of Vice – Chancellors of Nigeria, Prof. Yakubu Ochefu, During the Committee of Vice – Chancellors of Nigerian Universities, Visit Dangote Fertilizer Limited plant Lekki on Thursday… []

With N206.3bn Half Year Result, FBN Posts New Record in PBT

— First Bank Head office  — By Bunmi Onakan FBN Holdings Plc, yesterday on the Nigerian Exchange Limited (NGX), declared N206.3billion profit before tax (PBT) in its unaudited half year (H1) account ended June 30, 2023, which was a new record high for the oldest financial institution in Nigeria. The PBT recorded was about 213.8 per cent higher, when compared with the N65.7 billion declared… []

Access Bank Polo 2023: A Grand Affair for Education and Philanthropy

— Access Bank Polo and Charity event at the Guards Polo Club in Egham — By Bunmi Onakan The annual Access Bank Polo and Charity event at the Guards Polo Club in Egham, Surrey was once again a remarkable gathering of royalty, diplomats, political leaders, the business community, and supporters of Access Bank. This prestigious event not only showcases the elite sport of polo but also serves as a… []

Standard Chartered, Access Banks Enters Into Sales Agreement In Five African Countries

— Access Bank, Standard Chartered representatives — Standard Chartered Affirms Commitment To Nigeria — By Ademola Idris Standard Chartered Bank and Access Bank Plc (Access) have entered into agreements for the sale of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private & Business Banking business in Tanzania. Each transaction remains subject to the approval of… []

Dangote Cement Increases Capacity With New Plants In Nigeria, Cote d’Ivoire & Ghana

L-R: Group Sales and Marketing Director, Dangote Cement Plc, Rabiu Umar;  Chief Executive Officer, Nigerian Exchange Limited, Temi Popoola; Group Managing Director/CEO, Dangote Cement Plc, Arvind Pathak; Non-Executive Director, Dangote Cement Plc, Ernest Ebi,  at Dangote Cement closing Gong ceremony at the Nigerian Exchange Limited on Wednesday, July 12, 2023. – By Adegboyega Johnson Dangote Cement has concluded plans to expand its production capacity through the construction… []

AVPA, Sterling One Foundation Announces Applications for the Africa Social Impact Summit 2023 

— By Bunmi Onakan The Sterling One Foundation and the African Venture Philanthropy Alliance have announced the upcoming ASIS 2023 Deal Room, which will take place on August 11, 2023, in Lagos, Nigeria, to connect social impact enterprises with potential investors for funding opportunities. The deal room, managed by the African Venture Philanthropy Alliance (AVPA) alongside other technical partners, presents a unique opportunity for SMEs… []

CBN Adjusts Exchange Rate To N770.88/$1, Warns Banks To Be Cautious

– Central Bank of Nigeria logo  – By Ademola Idris The Central Bank of Nigeria (CBN) has issued a warning to Deposit Money Banks (DMBs) and Other Financial Institutions (OFIs) in the country to exercise caution when conducting transactions with businesses and individuals in certain countries. Warns Banks To Be Cautious In Transacting With Some Countries The countries specified by the CBN are the Russian… []

GTCO AUTISM CONFERENCE 2023: Empowering Voices For Autism

  – By Adegboyega Johnson  Guaranty Trust Holding Company Plc (GTCO) has announced dates for the 2023 GTCO Autism Conference and follow-up consultations. This year’s programme is themed “Empowering Voices for Autism” to promote inclusivity and self-advocacy for persons on the Autism Spectrum. An offshoot of the Orange Ribbon Initiative, the GTCO Autism Conference has grown to become a reference point for autism advocacy and… []

Zenith Bank Retains Position As Number One Bank In Nigeria By Tier-1 Capital In The 2023 Top 1000 World Banks Ranking

– Ebenezer Onyeagwu, GMD, Zenith Bank Plc  – By Adegboyega Johnson Zenith Bank Plc has retained its ranking as the Number One Bank in Nigeria by Tier-1 Capital in the 2023 Top 1000 World Banks’ Rankings, published by The Banker Magazine. For the fourteenth year in a row, the Bank has held its position as the number one Tier-1 bank in Nigeria, emerging as the… []

UBA, Access, others Seal Pact To Revolutionise Cross-Border Transactions

– Afreximbank logo – Muyiwa Akinola Ecobank Group, Access Bank Group, UBA Group and two others have entered into an agreement with the Pan-African Payment and Settlement System (PAPPS) to revolutionise the settlement of cross-border transactions across Africa, leveraging the vast network of subsidiaries and representative offices in the region. The deal, which was sealed recently at Afreximbank’s 30th anniversary celebrations and 30th yearly meetings… []

Wema Bank PLC Launches Season 3 of the Wema Bank 5 for 5 Promo, Rewarding Customers with N90,000,000 in Cash Prizes

– Wema Bank logo – By Adegboyega Johnson Wema Bank PLC, the leading financial institution in Nigeria and the pioneer of Africa’s first fully digital bank, ALAT, yesterday announced the launch of the highly anticipated 3rd season of the Wema Bank 5 for 5 promo. This reward program, initiated by Wema Bank, aims to recognize and reward customers across Nigeria for their unwavering loyalty to… []

Sterling Bank Launches Tech-Based Solutions For Stakeholders In The Nigerian Education Sector

– Sterling Bank Logo – By Adegboyega Johnson  Sterling Bank has recently launched Edubanc; an innovative tech-based solution to provide banking and social services for stakeholders in the education sector. The solution aims to improve current learning outcomes and business growth for students, parents, and providers of educational services. Mr. Damian Umeasala, General Manager of Edubanc, stated at the launch in Lagos over the weekend,… []

Top Among Six Africans: Bloomberg Confirms Aliko Dangote Richest Man In Africa With $15.6bn

– Aliko Dangote – By Johnson Adegboyega  President of Dangote Group, Aliko Dangote remains the richest man in Africa, despite the volatility of Nigerian currency against the dollar. Bloomberg in its daily top billionaire lists, released on Tuesday, revealed that Dangote with a wealth of $15.6 billion topped other Africans in the Index. Dangote, who remains the richest man in Africa for the 12th year… []

NEXIM Partners Fidelity Bank And Sapphital To Grow Nigeria’s Export Sector.

L-R: MD/CEO FIDELITY Bank Plc, Mrs. Nneka Onyeali-Ikpe; MD/CEO NEXIM Bank, Mr. Abubakar Bello and founder Sapphital Learning Limited, Mr. Amu Ogbeide during the signing of the NEXA Memorandum of Understanding between Fidelity Bank, NEXIM Bank and Sapphital in Abuja. As part of efforts to boost Nigeria’s foreign exchange earnings, the Nigerian Export-Import Bank (NEXIM) has announced a strategic partnership with leading financial institution, Fidelity… []

Sterling Bank, SMEDAN To Create Nigeria’s Largest SME Database

One of Africa’s fastest-growing companies, Sterling Bank, has recently signed an agreement with the Small & Medium Enterprises Development Agency of Nigeria (SMEDAN) to establish a comprehensive database of Small and Medium Scale Enterprises (SMEs) in Nigeria. This will help in scaling intervention programs and providing tailored solutions that truly contribute to the growth of SMEs. The signing ceremony took place in Lagos, where the… []