Category: Business

FIRSTBANK HOSTS WEBINAR TO SENSITISE INDIVIDUALS AND BUSINESSES ON STAYING PROTECTED IN THE INFORMATION AGE

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First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider has announced a webinar to sensitise individuals and businesses with useful information on being protected in today’s digital age. The virtual event is scheduled to hold by noon on Friday, 16 April 2021 with “Staying Protected Amidst the Pandemic Chaos” being the topic to be discussed at the event. Registration is ongoing for the event via the link https://firstbanknigeria.zoom.us/webinar/register/WN_PUnqA7enTMG8o0OfOaWxlg Today’s world, largely referred to as the digital age has been influenced by information technology which has optimised the way…

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Unity Bank’s consistently Improved Growth excites shareholders

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Our attention has been drawn to some online reports on purported action of the board of Unity Bank on the performance of the Bank. The Bank has a cohesive board that is working harmoniously with the Executive Management team led by Mrs. Tomi Somefun (MD/CEO) to drive the growth of the Bank. This was contained in a press statement by Mr. Matthew Obiazikwor, UH, Internal & External Communications to us. The management of the Bank, with the support of its Board has made inroads into key sectors of the economy…

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Facts and figures show Wema Bank stands on strong financial fundamentals -Adebise

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Wema Bank, Nigeria’s leading innovative and digital-driven financial institution has reassurance its esteemed customers and shareholders that it remains standing on strong financial fundamentals and reliable performance metrics, riding on the back of seasoned and astute leadership. The bank gave this reassurance, through its Managing Director/Chief Executive Officer, Ademola Adebise, while reacting to a recent publication in the media purportedly alleging a dip in its liquidity status following the unaudited report for 2020 with the MD/CEO saying the report is only a deliberate campaign to create panic among its stakeholders…

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BUA Sugar Refinery battles Dangote over moves to increase sugar price

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The rivalry between the two conglomerates; Samad Rabiu’s BUA Group and Aliko’s Dangote Group of Companies has taken a new turn, as allegations that Dangote has petitioned the Federal Government asking the Ministry of Trade to shut down BUA Group’s Sugar Refinery located in Port Harcourt is rife. In the letter dated 28th January 2021 signed by Aliko Dangote himself as the Chairman Dangote Industries Limited, the billionaire claimed that when the BUA Sugar refinery was opened , he warned the Government and they told him that no new refinery…

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FIRSTBANK CONVENES THE FOURTH EDITION OF ITS ANNUAL FIRSTGEM EVENT, REINFORCES ITS LEADING ROLE IN PROMOTING WOMEN EMPOWERMENT

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First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced the fourth edition of its annual FirstGem Conference, tagged FirstGem 4.0. The 2021 event is themed ‘The Art of Negotiation’ and convened to provide women with insights on the secrets of wealth management, investment and savings. It is scheduled to hold on Wednesday, 31 March 2021. Participants are required to register via the link http://bit.ly/firstbankwebinar The product, FirstGem, is an account designed specifically to meet the needs of women, aged 18 years and above. The…

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FirstBank CEO lists technology, capacity as key for post COVID-19 growth …Thumbs up mobile banking (FirstMobile) and USSD (*894#) platforms

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By Bolaji Israel Dr Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said technology, innovation and enhanced capabilities have become necessary to achieve significant business growth in the post-COVID-19. Adeduntan made this remark on Thursday during a Digital Disruption Series webinar organised by the Surrey Business School of the University of Surrey, England. The webinar was themed: “Digital Disruption: How Can Companies Thrive in Africa Post-COVID-19.” According to the FirstBank boss, it is about studying the environment and leveraging the digital space to proffer solutions tailored to suit…

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GTBank Releases 2020 Full Year Audited Results…Reports PBT of ₦238.1 Billion

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Guaranty Trust Bank plc has released its Audited Financial Results for the year ended December 31, 2020 to the Nigerian and London Stock Exchanges. A review of the result shows improved performance across all key financial metrics in the face of the unprecedented challenges brought on by the COVID-19 pandemic, reflecting the quality of past decisions and reaffirming its position as one of the best managed financial institutions in Africa. The Group reported Profit before tax of ₦238.1billion, representing a growth of 2.8% over ₦231.7billion recorded in the corresponding year…

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EFCC: Bankers must declare assets from June 1

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The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa has said the commission will start demanding the asset declaration forms of bankers by June 1. He said this is in line with the provisions of the Bank, Employees Declaration of Asset Act. The EFCC boss said he is working hard to create a commission that would be different in the way it handles financial crimes’ cases. He said, “The EFCC, come June 1, 2021, will be demanding for this asset declaration forms, filled by the bankers so that…

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FirstBank promotes cross border payments in Sub Sahara Africa with First Global Transfer

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First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the launch of First Global Transfer (FGT) to promote international transfer of funds across its subsidiaries in sub-Saharan Africa. The Bank’s subsidiaries in Africa include FBNBank DRC, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, FBNBank Senegal. The First Global Transfer (FGT) initiative is specifically designed to ensure safe, timely and improved efficiency in the transfer of funds across the network of FirstBank subsidiaries in Africa. The FGT is not restricted to FirstBank and FBNBank…

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I drank poison after killing my wife –Suspect

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Christopher Chiabata, a 59 year-old man who killed his wife, aged 41 with a pestle during a fight is being held by the Bayelsa State Police Command. He said he killed his wife in self-defence during a fight over money in their house at Onuebum in the Ogbia Local Government Area of the state. According to police report, Chiabata hit his wife with a pestle during the fight, and after realising that he had committed murder, drank Sniper to commit suicide but neighbours resuscitated and handed him over to the…

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