Fidelity Bank Appoints Chike-Obi as Board Chairman

Fidelity Bank Plc has announced the appointment of Mr. Mustafa Chike-Obi as the new chairman of its Board of Directors. The bank said the current Chairman, Mr. Ernest Ebi, having successfully completed his tenure in accordance with its internal governance policy would be stepping down from the board. Ebi is, however, expected to continue in the role until the in-coming chairman assumes office, as part of the process of ensuring a smooth and successful transition. Also, the bank announced that another member of its board, Mr. Seni Adetu, who had…

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Heritage Bank shut, disinfects branch over suspected coronavirus case

Heritage Bank Plc said it has closed down an Experience Centre- EC (branch) at Allen Avenue; Ikeja over “unconfirmed case” of Coronavirus for deep hygiene clean up after an employee took ill last week. The bank in a statement made available to the press and customers, noted “in line with our emergency response plan and following regulatory practices, we have taken immediate steps to close down Allen Avenue, Ikeja Experience Centers- EC (branch) for thorough disinfections of the affected location.” Contrary to rumour, the bank disclosed that whilst the suspected…

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First Bank’s FMAP graduates Inaugural set of Management Associates

Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited has graduated 28 successful candidates in its inaugural FirstBank Management Associates Programme (FMAP), virtually held on Tuesday, 30 June 2020 via the Zoom video conferencing application. The programme which commenced in 2018 had a total of 48 candidates selected from thousands of entries and applications received nationwide. FMAP is a 24-month fast-track comprehensive developmental programme targeted at young, dynamic, self-motivated and highly driven individuals that possess the right skill set and excellent leadership potential among Junior and entry-level cadre…

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YOUNG NIGERIAN HERO, ADJWOA AWE RECEIVES PRINCESS DIANA AWARD

  A 15-year-old Nigerian, Miss Adjwoa Awe, has been honoured with The Diana Award for going above and beyond in their daily life to create and sustain positive change. The award was announced on Wednesday 1 July; during the 2020 Diana Awards Virtual Ceremony held to celebrate all the awardees amazing achievements and introduce them to the rest of the world. Awe is being recognized with the highest accolade a young person can achieve for social action or humanitarian efforts – The Diana Award. Established in memory of Diana, Princess…

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World Bank approves $750m for Nigeria’s power sector

A $750m International Development Association credit has been approved by the World Bank for Nigeria’s Power Sector Recovery Operation. This was contained in a statement issued by the bank on Wednesday. The statement quoted the bank’s Country Director for Nigeria, Shubham Chaudhuri, as saying the credit would help to improve the electricity supply in Nigeria. The bank expressed worry that about 47 per cent of Nigerians had no access to grid electricity and those who had access faced regular power cuts. It said the economic cost of power shortages in…

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Ecobank Trainees Graduate

Ecobank Nigeria has hosted another set of its trainees from its academy for the second time in two months, to a virtual graduation ceremony, who have since been absolved into the bank. The Ecobank Nigeria Management Trainees Batch 2 (EMDP 2) comprises 53 graduates who were trained at the Ecobank Nigeria Academy for 21 months. Ecobank Nigeria had in May this year organised a virtual graduation ceremony for 57 graduate trainees, the first of its kind by any bank in the country. Managing Director, Ecobank Nigeria, Patrick Akinwuntan, reiterated that…

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Tinubu’s daughter tackled by computer Village traders over levies

Trade Unions at the Computer Village, Ikeja, Lagos, has protested against the alleged imposition of illegal levies on traders by the Iyaloja General, Folashade Tinubu-Ojo. It was gathered that a coalition of 18 trade unions at the ICT hub started the protest last Monday and shut the market pending the resolution of the issues. Tinubu-Ojo allegedly imposed a Iyaloja and a Babaloja on the traders in June 2019. The new market leaders, who displaced the existing leadership arrangement, allegedly introduced new levies. The spokesperson for the coalition of trade unions in Computer Village, Nonso…

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Access Bank throws weight behind e-Learning culture in Nigeria

Africa’s Most Sustainable Institution, Access Bank PLC has rolled out Access 9ijaKids, a 12-week eLearning programmme aimed at improving the intelligence quotients, financial literacy and civic knowledge of primary school children. The programmme which employs the use of gamified technology is being executed in partnership with 9ija Kids, a Nigerian EduTech company with a storied history of using games to engage, educate and reward Nigerian children. Speaking on the need for the initiative, Access Bank’s Head of Sustainability, Omobolanle Victor-Laniyan said, “As countries continue to grapple with the massive disruption…

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King of Finance: GTBank Named Africa’s Most Admired Finance Brand

  Guaranty Trust Bank plc has been ranked Africa’s Most Admired Finance Brand in the 10th-anniversary rankings of Brand Africa 100: Africa’s Best Brands, the pre-eminent survey and ranking of the Top 100 admired brands in Africa. The rankings were announced in a novel global virtual event and will be published in the June issue of the African Business magazine. In a special report examining the results of the 2020 survey, the founder of Brand Africa, Thebe Ikalafeng, said GTBank’s “clever marketing, global presence and some of its flagship food…

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Bakers threaten 60% price hike

In a statement jointly issued by the chairmen of the Association of Master Bakers and Caterers of Nigeria, bakers in Lagos State have called on the Federal Government to intervene in the prices of baking materials, saying the current situation may lead to an increase in the prices of bread. The associations chairmen of Kosofe and Surulere, Lagos, Taiwo Akintola and Ibitoye Oladapo, expressed sadness over the rates of baking materials due to the COVID-19 pandemic. According to them, the cost of the materials is killing the bakery business, as…

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