Category: Business

Union Bank marked International Women’s Day with the launch of its women’s proposition, Alpher. Alpher was unveiled as part of the Bank’s annual celebrations to mark the global movement to accelerate gender parity across the world. Alpher is a platform to ‘enable success’ and empower women across all segments of the Nigerian society through capacity building opportunities, networking platforms, scholarships and tailored financial services for women. The Bank also awarded 40 scholarships to women entrepreneurs to build their capacity through the Enterprise & Leadership Program (ELP) organised by China Europe…

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Guaranty Trust Bank plc has released its audited financial results for the year ended December 31, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial metrics and improved strategic positioning of the brand. Gross earnings for the year grew by 3.7% to ₦434.7billion from ₦419.2billion reported in the December 2017. Profit before tax stood at ₦215.6billion, representing a growth of 9.1% over ₦197.7billion* recorded in the corresponding year ended December 2017. The Bank’s customer deposits increased by 10.3% to ₦2.274trillion…

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In it’s bid to consistently promote saving culture in Nigeria, Fidelity Bank Plc, has rewarded its customer with a total of N18 million cash prizes in the “Get Alert in Millions Savings Promo (GAIM). The bank gave the prizes to 12 winners at the monthly/2nd Bi-Monthly draw of “Get Alert in Millions Savings Promo (GAIM), Season 3,’’ held in Lagos. The winners were selected through a computerised and transparent simple random system and picked from the bank’s branches across the six geo-political zones. Members of National Lottery Regulatory Commission, and…

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Foremost financial institution, FirstBank, has announced its ongoing Visa on mobile (QR) payment promo to reward customers with various discounts for using the QR payment on the FirstMobile App while carrying out transactions with select partner merchants. The promo is billed to end on 28 February 2019. The Visa QR payment on FirstBank’s  Firstmobile is a smart and convenient way to carryout transactions without the use of cards. All that is needed is for the customer to have a Firstmobile (the FirstBank mobile banking application) installed on his or her…

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The non alcoholic beverage market is set to witness a revolution as the leading beverage company, Coca-Cola, fully acquires Chi limited. President Coca-Cola West Africa, Business Unit, Peter Njonjo, said that Coca-Cola had earlier in January 29th 2016 acquired 40 per cent of Chi Ltd but has now completed the acquisition by taking over the remaining 60 per cent of Chi company on January 30th 2019. He revealed this while making the announcement at Eko Hotels, Lagos, at a press briefing attended by top officials of Coca-Cola and Chi companies…

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Nigeria’s leading financial institution, Union Bank has announced the launch of TechVentures, a unique banking proposition which provides tailored services to technology companies. The solution was unveiled at TechPoint Build, a leading technology conference for tech experts, investors, start-ups and owners of tech-enabled businesses, that held in Lagos recently. TechVentures supports tech-based businesses in various stages of their lifecycles, providing them services which include access to venture capital funding, business advisory and mentorship as well as accelerator partnerships. Union Bank’s Head of Commercial Banking, Mr. Kunle Sonola, who was present…

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In recognition of its unrivalled leadership position and consistency in enhancing the growth and development of Micro Small Medium Enterprises, MSMEs, in Nigeria, Fidelity Bank Plc has been adjudged “Entrepreneurship Bank of the Year” at the third edition of DAAR awards held in Abuja. According to the organisers of the event which was attended by top government functionaries and captains of industry, Fidelity Bank came tops on all measurable indices to emerge the entrepreneurship bank of the year. The award was received by Head, Corporate Communications, Ejike Ndiulo who said “It…

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13 loyal customers of Fidelity Bank Plc yesterday emerged winners in the third draws of the Fidelity Bank ‘Get Alert in Millions Savings Promo (GAIM), Season 3’, held in Lagos. The winners were Steven Oriase, Kareem Amodu, Evangelina Moughalu, Raphael Omoijate, Ogechukwu Mike, Musa Abubakar, Onwuharaonge Kingsley, Blessing Uwadiegwu, Ukamaka Joy, and Nwankwo Onyeka, who all won N1 million respectively. In addition, Umaru Gagi, Abdulrahman Olanrewaju, and Chioma Patience, all won N2 million apiece. The winners who were selected through a computerised and transparent simple random system, were picked from…

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The FBN Money Market Fund has been given an ‘Aa-(f)’ rating by Agusto & Co. It said the rating assigned to the fund reflected its minimal to low exposure to downside risk (impairment to the net asset value) in the medium term, and would expire on November 30, 2019. According to a statement by the rating organisation, the FBN MMF has maintained low exposure to credit risk by investing in good quality assets with minimum credit rating of ‘Bbb’ in local currency. The statement said the fund had also kept…

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