GTBANK RELEASES Q3 2020 UNAUDITED RESULTS

Guaranty Trust Bank plc has released its unaudited financial results for the period ended September 30,2020 to the Nigerian and London Stock Exchanges. The 3rd Quarter result shows improved performance across key financial metrics, reaffirming the Bank’s capability to navigate the current economic challenges occasioned by impact of COVID 19 on World economies. The performance reflects its position as one of the leading and best managed financial institutions in Africa. The Group reported Profit before tax of ₦167.4billion, representing a decrease of 1.9% over ₦170.7billion recorded in the corresponding period…

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N69.4bn Debt: AMCON takes over Jimoh Ibrahim’s prime properties

The Assets Management Corporation of Nigeria(AMCON) amended act, may have spelt trouble for corporate debtors, as it provides the corporation with additional powers to deal decisively with debtors that hide under legal technicalities to avoid repayment of their loans. One of such people who just received the short end of the stick is no other person than the CEO of NICON Investments, Barrister Jimoh Ibrahim. Following the order of Honourable Justice R.M. Aikawa of the Federal High Court, Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken possession…

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FirstBank promotes financial inclusion amongst children with KidsFirst and MeFirst accounts

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its variant account products – KidsFirst and MeFirst – created to encourage the right savings culture among children from 0 – 17 years. The offerings have relevant enhancements including appropriate parental guidance and financial discipline for children as they grow into adulthood. Both accounts can be opened with zero balance and operated with a minimum balance of N100.00. KidsFirst Account is designed for children between the ages of 0 and 12 years to sensitise them…

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Diversion of funds: Businessman wants EFCC to investigate LUTH staff

A Lagos based businessman, Babatunde Saka and his company Ofly Global Resources Limited, in a suit filed before a Lagos High Court in South West Nigeria, are urging the court to compel Economic and Financial Crime Commission, EFCC to investigate a staff of Lagos University Teaching Hospital (LUTH), Saheed Ayinla Ogundare who trade under the name and style of SEADROF HOTELS &SUITES operating from Block2, Flat5, LUTH Staff Quarters Idi Araba, Mushin Lagos, for alleged diversion of funds of the Teaching hospital. Joined as co-defendants in the ensuing legal hostility,…

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FIRSTBANK WINS GLOBAL FINANCE 2020 BEST MOBILE BANK APP AWARD

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced that its mobile banking application, FirstMobile, has been awarded the 2020 Best Mobile Banking App award 2020 in the Global Finance Best Digital Bank Awards 2020. The achievement of this feat is largely attributable to the Bank’s relative strength and success of its web products and services, notably FirstMobile. Speaking on the 2020 Global Finance awards Joseph D. Giarraputo, publisher and editorial director of Global Finance said; “This year, a global pandemic accelerated the transition…

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Access Bank restates Commitment to technological Innovation

Access Bank Plc, sponsors of the Nigerian Fintech week 2020 stated its commitment to advancing the frontiers of industry agnostic technological innovation across Africa with Nigeria in focus. According to a statement from the bank, the week-long event sought to highlight fintech as a solution to problems across different industries including health, agriculture and logistics. Speaking at the event, the Executive Director for Information Technology and Operations, at Access Bank Plc, Ade Bajomo said: “Access Bank is committed to positively impacting lives and building the economy through technology. For years,…

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FIRSTBANK HOSTS SME WEBINAR, ENLIGHTENS ENTREPRENEURS ON WAYS TO REBUILD THEIR BUSINESS

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, will host an SME webinar themed “Rebuilding your Business” by 10am on Tuesday, 10 November 2020 via Zoom meetings. The event is organised in collaboration with FBN Insurance Brokers and FBN Quest with its discussants including: Tunde Owolabi, Group Executive, Retail Banking (Lagos & West), FirstBank; Olumide Ibidapo, MD/CEO FBNInsurance Brokers and Ijeoma Agboti, Managing Director, FBNQuest Funds. As a brand committed to putting its stakeholders first, the SME Webinar is designed to empower the participants and…

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When a Bank Puts SMEs First

Last week will go down as one of the most challenging weeks, if not the most challenging, Nigeria has faced in 2020. What started out weeks before as very well-organised peaceful protests by young Nigerians campaigning to #EndSARS, was supplanted by hoodlums engaging in wanton looting, arson and destruction of public and private properties across many states at an unprecedented scale. By the end of the week, many lives had been lost, many properties and businesses completely destroyed and Nigeria has been left reeling from a shock that dwarfs any…

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THE MAKING OF A CSR MASTERSTROKE: AN X-RAY OF FIRSTBANK’S YEOMAN EFFORT TO MOVE ONE MILLION CHILDREN TO E-LEARNING

The rabbit hole of uncertainty, confusion and fear that pupils and their parents fell into in the dying days of March when the country was in lockdown was best captured in a Saturday Sun feature of May 16, titled, “COVID-19: Troubles of e-Learning.” The story catalogues the challenges that erupted out of the disruption caused by the coronavirus pandemic, the fears and frustrations brewed by the new abnormality foisted on the world, the pessimism that pervaded the globe from developed to underdeveloped countries and the possibilities that blew up in…

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Double celebration: Fidelity Bank, Charles Aigbe win Marketing Edge Awards

It’s indeed, double honour for Fidelity Bank Plc as the financial institution was awarded for being the ‘Outstanding SME Supporting Bank of the Year’ at the 2020 Marketing & Advertising Award for Excellence ceremony which held over the weekend at the D’Podium International Centre in Lagos. Marketing Edge, organizers of the event says it recognizes Fidelity Bank for its unflinching support for Micro Small and Medium Scale Enterprises (MSMEs) in the country. Also, the multiple award-winning corporate communications expert, Charles Aigbe- the Divisional Head, Brand & Communications of Fidelity Bank,…

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