Category: Business

Heritage bank Plc in collaboration with the Central Bank of Nigeria (CBN), under the Nigerian Incentive-Based Risk Sharing in Agricultural Lending (NIRSAL) has continued to drive improved investment outcomes and job creation. Through this partnership, Heritage Bank is not relenting in its efforts at boosting the agriculture base of the nation to make farming profitable to stakeholders and attractive to the youth. Recently, the apex bank approved the disbursement of about N75billion as loan to farmers in the 36 states and the Federal Capital Territory (FCT) under the Nigerian Incentive-Based…

Read More

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider, has announced that the 2020 edition of its annual FinTech Summit is scheduled to hold on Thursday, 6 August 2020 by 12.00 noon. The event will be virtually held via Zoom Meetings. The 2020 edition of the summit, which is the fourth in its series is themed; “How Blockchain and Artificial Intelligence will Disrupt FinTech in Nigeria” and will be discussed by experts, key and leading players, policy influencers and regulatory officials in the Nigerian financial, banking and technological…

Read More

ShopRite Nigeria has officially stated that the retail store is not closing shop in Nigeria as speculated by some media reports. The Country Director for Chastex Consult, Ini Archibong said: “Shoprite is not leaving Nigeria. “We have only just opened to Nigerian investors which we have also been talking to just before now. We are not leaving, who leaves over a $30billion investment and close shop? It doesn’t sound right. “We only just given this opportunity to Nigeria investors to come in and also help drive our expansion plan in…

Read More

By Chinyere Nwokeoma, NAN First Bank of Nigeria Limited has offered to give financial support to Small and Medium Enterprises (SMEs) in Education Sector to cushion the effects of the COVID -19 pandemic. Mr. Bankole Adediran, Head, Transaction Banking Products, FirstBank, made this known at the Bank’s SMEConnect webinar with theme: “Managing Your School through the Pandemic: Engagement and Retention Strategies”. Adediran said that the Bank was ready to partner with SMEs in the education sector through the period of the novel coronavirus pandemic to sustain their businesses. “FirstBank, as…

Read More

For the past 10 years, Guaranty Trust Bank plc has been at the forefront of the advocacy for people living with autism. The Bank’s Orange Ribbon Initiative has also become a major rallying point for driving awareness about Autism, campaigning against the social stigma associated with developmental disorders and helping people with autism live a full and productive life. This year, as part of its Orange Ribbon Initiative, GTBank will hold its 10th Annual Autism Conference via live stream on Monday, July 27 and Tuesday July 28, 2020 so that…

Read More

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the convening of a Business Clinic to promote the growth and sustainability of the educational sector, especially in the light of the coronavirus which is having an adverse effect on the operations of schools across the world. The event is scheduled to hold via Zoom platform by 11:00am on Thursday, 23 July 2020. “Managing Your School through the Pandemic: Engagement and Retention Strategies,” is the topic of the event and will be discussed by experts,…

Read More

The Board of Directors of Fidelity Bank Plc has announced the appointment of Mrs. Nneka Onyeali-Ikpe, the current Executive Director, Lagos and South-west Directorate, as the Managing Director/Chief Executive Officer (MD/CEO) designate. It also announced the impending retirement of the current MD/CEO of the bank, Mr. Nnamdi Okonkwo. A statement from the bank said Okonkwo would step down from the board of the bank on December 31 upon completion of his contract tenure, in line with the bank’s governance policies. It stated that the approval of the Central Bank of…

Read More

The vision of Access Bank to be the World’s Most Respected African Bank is fast turning to reality, with its successful completion of the acquisition of Transnational Bank (Kenya) Plc. In a filing with the Nigerian Stock Exchange, the Access Bank said this is a sequel to the earlier announcement on October 28, 2019, investing public. This follows the receipt of full regulatory approvals and fulfilment of all conditions precedent to completion. According to the Bank, its entry into the Kenyan market is a key gateway in East Africa, which…

Read More

Guaranty Trust Bank Plc has been awarded the Euromoney Excellence in Leadership Africa Award, a premier award category set up to recognize banks around the world who are playing a pivotal role during the Covid-19 pandemic. The foremost African financial institution, which was also named Nigeria’s Best Bank for a record 10th time, was lauded for its swift reaction in responding to the Covid-19 crisis and for addressing the impact of the pandemic on its customers and communities. Announcing GTBank’s Excellence in Leadership Award, Euromoney said; “One of the first…

Read More