Category: Business

Africa’s Most Sustainable Institution, Access Bank PLC has rolled out Access 9ijaKids, a 12-week eLearning programmme aimed at improving the intelligence quotients, financial literacy and civic knowledge of primary school children. The programmme which employs the use of gamified technology is being executed in partnership with 9ija Kids, a Nigerian EduTech company with a storied history of using games to engage, educate and reward Nigerian children. Speaking on the need for the initiative, Access Bank’s Head of Sustainability, Omobolanle Victor-Laniyan said, “As countries continue to grapple with the massive disruption…

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  Guaranty Trust Bank plc has been ranked Africa’s Most Admired Finance Brand in the 10th-anniversary rankings of Brand Africa 100: Africa’s Best Brands, the pre-eminent survey and ranking of the Top 100 admired brands in Africa. The rankings were announced in a novel global virtual event and will be published in the June issue of the African Business magazine. In a special report examining the results of the 2020 survey, the founder of Brand Africa, Thebe Ikalafeng, said GTBank’s “clever marketing, global presence and some of its flagship food…

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In a statement jointly issued by the chairmen of the Association of Master Bakers and Caterers of Nigeria, bakers in Lagos State have called on the Federal Government to intervene in the prices of baking materials, saying the current situation may lead to an increase in the prices of bread. The associations chairmen of Kosofe and Surulere, Lagos, Taiwo Akintola and Ibitoye Oladapo, expressed sadness over the rates of baking materials due to the COVID-19 pandemic. According to them, the cost of the materials is killing the bakery business, as…

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The United Bank for Africa (UBA) Group has disclosed its preparedness to enhance contactless banking across Africa for the safety of its customers. The bank pointed out that with the coronavirus which necessitates social distancing, there is need to ramp up banking channels that would ensure less physical contact by its customers. The Group Head, Digital Banking, UBA, Mr. Sampson Aneke, revealed this during a virtual media parley which had the Chairman, Mr. Tony Elumelu in attendance. Aneke said the recent upgrade of UBA app offers customers seamless means to…

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Shareholders of Access Bank Plc, have started reaping the gains barely one year of its post-merger with erstwhile Diamond Bank Plc, which has made the Bank to be the largest in the country by total assets as well as largest in Africa by customer base. The stellar financial performance of the Bank in just one year post- merger for the financial year ended December 31, 2019 is a signal of the gains of the synergy towards achieving its five- year strategic objectives. Specifically, Access Bank in the full year of…

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A leading financial institution in the country, FirstBank Plc has expressed its appreciation to its customers for their continued patronage of its services during the COVID 19 lockdown, whilst assuring the public that stringent measures have been implemented to ensure its branches and locations across the country operate in line with the health and safety guidelines issued by the Nigeria Centre for Disease Control to mitigate the spread of coronavirus. Expressing the bank’s delight while welcoming customers to its branches and locations, the bank’s CEO, Dr. Adesola Adeduntan, said the…

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  The viral campaign on social media that Access Bank Plc is set to sack 75 per cent of its workforce and as well close over 300 branches, has been denied by the Bank. The bank denied this in a statement signed by Mr Sunday Ekwochi, its Company Secretary, posted on the Nigerian Stock Exchange (NSE) website. It said the closure of a bank branch was an action that required the approval of the Central Bank of Nigeria (CBN). According to the bank, it has not applied for nor obtained…

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  At the 31st Annual General Meeting (AGM) of Access Bank Plc held in Lagos by proxy due to the COVID-19 pandemic, Shareholders of the Bank commended the board of directors, management and staff for recording an impressive results and paying increased dividend for the year ended December 31, 2019. Access Bank Plc ended the year with a profit before tax (PBT) of N115.378 billion, a profit after tax of N97.5 billion and paid a final dividend of 40 kobo per share to bring the total dividend for the year…

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Guaranty Trust Bank plc has released its unaudited financial results for the period ended March 31, 2020 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Profit before tax stood at ₦58.2billion, representing a growth of 2.1% over ₦57.0billion recorded in the corresponding period of March 2019. The Bank’s Loan Book grew by 8.0% from ₦1.502trillion as at December 2019 to ₦1.622trillion in…

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