Category: Business

FBN Insurance Brokers Limited, a subsidiary of Nigeria’s leading financial services group, FBN Holdings Plc, has announced a webinar to sensitise SMEs on risk management and cyber security. Spearheading discussions at the webinar are seasoned experts on insurance brokerage, cyber security and risk management. The event is themed Risk Management and Business Continuity amidst COVID19 and scheduled for 10:00am on Thursday, 17 September, 2020. To participate in the event, click here to register. Olumide Ibidapo, MD/CEO FBN Insurance Brokers will speak on Risk Management; Harrison Nnaji, Chief Information Security Officer…

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First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider, has graduated 12 successful candidates in the third edition of its Senior Management Development Programme (SMDP). The graduation ceremony held virtually, via the Zoom video conferencing platform on Wednesday, 2 September, 2020. The Senior Management Development Programme (SMDP) is FirstBank’s intensive modular programme for a select group of senior managers to principal managers who are proven leaders in their respective functions and have been identified as central to the Bank’s succession plan. Prior to the 2020 programme, 40 exemplary…

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Managing Director of Ocean Marine Solutions Limited (OMSL), Rear Admiral Ameen Ikioda (retd.), has slammed blogger, Mr Jackson Ude, over his tweet in which he imputed wrong and malicious motives into the business transactions of Chairman of the company, Capt. Idahosa Wells Okunbo (Capt. Hosa). In the latest tirade tweeted by one Jackson Ude, whose trade in stock has been to fabricate utter falsehood and disseminate via multiple social media platforms, the pen-for-hire writer alluded to an alleged Trans Forcados Pipeline (TFP) contract, and attached bank statements from January and…

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By Eche Munonye Covid-19 brought a huge challenge to education and literacy, First Bank of Nigeria Limited responded with a Rosetta stone of innovative e-learning initiatives that have far-reaching effects Since 1967 that the United Nations Educational, Scientific and Cultural Organization (UNESCO) have been celebrating International Literacy Day to promote the importance of literacy and education, every September 8 had witnessed book gifting, book reading and related activities are undertaken by the UN body and its coalition of partners. But this year is a departure as such enshrined activities are…

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Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2020 to the Nigerian and London Stock Exchanges. The half year result reflects GTBank’s leading position as one of the best managed financial institutions in Africa. The Bank’s loan book grew by 8.1% from ₦1.502trillion recorded as at December 2019 to ₦1.624trillion in June 2020 and customer deposits increased by 18.5% to ₦3.001trillion from ₦2.533trillion in December 2019. Profit before Tax closed at ₦109.7billion, representing a decrease of 5.2% over ₦115.8billion recorded in…

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Access Bank Plc has a signed a Subordinated Syndicated Loan Agreement totalling $93.8 million with the Dutch development bank (FMO), the French private sector development bank (Proparco), and leading investment firm, Symbiotics. The tier-II capital facility was structured as a “10 years non-call 5 years” subordinated debt instrument, benefitting the bank for a period of 5 years. A statement quoted the Group Managing Director, Access Bank, Herbert Wigwe, to have said the facility would enable the bank to continue on its strategic path to becoming, “Africa’s gateway to the world…

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