Category: Featured

Featured posts

FIRSTBANK: Leveraging digital banking solutions for excellent performance

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In First Bank of Nigeria Limited, virtually all the indices are looking bright. From a stellar performance in its last year and first quarter of 2022 operations to the unleashing of its robust digital banking solutions in its operations, analysts say its current management deserves accolades for preparing the bank for the challenges and changing needs in the emerging dispensation in the Nigerian banking industry. As competition mounts in the ever-changing Nigerian banking landscape, analysts said the future of the industry will be determined by the speed and readiness of…

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ADEDUNTAN SUSTAINS HIS WINNING STREAK, PIONEERS LEADERSHIP EXCELLENCE IN BANKING

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Since his appointment as MD/CEO of First Bank of Nigeria Limited in 2016, Dr. Adesola Adeduntan has completely transformed the financial institution and has made it attractive to every strata of the society. From an institution that used to be perceived as an old-generation bank, FirstBank is now a darling to all as it leverages latest digital tools to meet its customers’ needs. Also, under Adeduntan’s leadership, the 128-year old bank has made huge contributions to national development, thereby stimulating development, setting standards and motivating excellent output across sectors. Clearly,…

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Squad by GTCO: Reshaping the Nigerian Payment Space Fragmentation in the Nigerian payment space has served more as a constraint than an enabler; Squad by GTCO positions to lead with innovation and efficiency

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Without a doubt, digital payment is the next growth frontier for financial services. Amongst other extenuating factors, growing digitalisation, mobile penetration, and evolving consumer behaviour have accelerated the shift towards cashless thereby creating entirely new business models and solutions built around payments. Given the key role digitalisation plays in the financial lives of many people today, electronic payments are at the core of the payment ecosystem. As is the case with all things economic, Nigeria remains a most attractive market. Over the past years, we have seen largely foreign investors…

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EXCITEMENT IN SHAREHOLDERS’ CAMP AS FIRSTBANK SHEDS NPL BURDEN

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With a significant cut in its impairment charges (which translates into a clean loan book) in its 1Q, 2022 results, after it successfully brought down its non-performing loan to 6.1 per cent in 2021 full year performance, analysts say the repeat of the impressive performance of FirstBank in the first quarter did not only show the consistency in its rebound, but that it demonstrated the fact that the recovery is real. For the shareholders of the Nigerian banking behemoth, First Bank of Nigeria Limited, it is a season of celebration…

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FirstBank Bounces Back to its Leadership Position, Delivers a Fantastic Performance in 2021

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As financial market analysts continue to digest the 2021 financial results of the FirstBank Limited, which they say reflect the return of the banking conglomerate to its leadership position, Festus Akanbi writes that the regime of strong fundamentals which the robust performance represents is in tandem with the ongoing restructuring being midwifed by the current board and management of the company The Nigerian investing community was held spellbound earlier in the week when FBN Holdings Plc released its much-awaited 2021 financial statements to the public, showing a stellar performance, especially…

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SAHEED ADEMOLA ELEGUSHI: Twelve Years as a KING

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by Temitope Oyefeso When the instrument of authority was presented to Oba Saheed Ademola Elegushi on April 27, 2010, as the 21st monarch of Ikate-Elegushi kingdom, a coastal community along the Lagos lagoon, the people were ecstatic. But, there were careful expectations because, the prince, though steeped in the rich pedigree of his predecessors and forbears, was being entrusted with leadership at a relatively young age. He was in his early 30s. But he was not unmindful of the huge responsibilities placed on him. Armed with robust tutelage from the…

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CBA FOUNDATION CALLS OUT IN-LAWS OVER DEHUMANISATION OF WIDOWS

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AUTHOR: Ony Kachi After Mrs kumbaya (name changed to protect her identity) lost her husband at work in 2005, she was accused of killing him. The accusation did not come from her husband’s brothers but his sister, who had earlier lost her own husband. It took the combined hard work of the brothers to get their sister off the back of her fellow widow. They told their sister pointedly that she too could face the same accusation she was levelling against their sister-in-law, since her husband was deceased too. This…

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Late singer, Osinachi Nwachukwu’s husband arrested over wife’s death

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Peter Nwachukwu, the husband of late popular gospel artiste, Osinachi, has been arrested by the police over the death of his wife on Sunday afternoon. Late Osinachi, a 42-year-old Gospel artiste, who was a lead singer at the Dunamis International Gospel Centre, shot into the limelight  in 2017, with the hit “Ekwueme”, which  featured another singer, Prospa Ochimana. She died on Friday after spending days at an undisclosed hospital in Abuja. After her death, colleagues and family members of Osinachi, accused her husband of always beating her. One of her…

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How bandits killed Miyetti Allah’s chairman in Abuja

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The Chairman of Miyetti Allah Cattle Breeders Association (MACBAN) of Gwagwalada Area Council of the FCT, Adamu Aliyu and three members of the association were reportedly shot dead by bandits. It was gathered that the chairman had travelled to Niger State with his members to sell some cows and that the amount made from the sales ran into millions of naira. While returning from the business trip, the MACBAN Chairman preferred to return in the night rather than wait till the next morning. It was also said that, he followed…

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2023: VP Osibajo officially joins presidential race

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Vice President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo  has made his declaration to vie for the presidential ticket of the All Progressives Congress (APC). He made this announcement via his social media platforms on Monday morning. The vice president to President Muhammadu Buhari outlined his reasons for joining the race, which reads in parts: “For the past seven (7) years, I have served as Vice President under a true Nigerian patriot, President Muhammadu Buhari. “In these 7 years, while on the train of duty and service, I…

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