Category: Business

Ibile Micro Finance Bank (MFB) has been commissioned by the Lagos State government at the weekend to boost inclusion and aid to micro, small and medium scale enterprises (MSMEs) in the state. Commissioner for Finance, Akinyemi Ashade disclosed that the initiative was aimed at reducing poverty and unemployment in the state. His words “This is another milestone in the history of financial inclusion of Lagos State. Recently, the committee on financial inclusion put together by the Central Bank of Nigeria (CBN) visited the state and observed that about 70 per…

Read More

Mr. Tony Elumelu, Chairman of Heirs Holdings and the Tony Elumelu Foundation, has congratulated Afrexim at the just concluded Annual General Meeting of the African Export-Import Bank (Afreximbank) held in Kigali, Rwanda, for the critical support that the bank, led by the President, Dr. Benedict Oramah, provides for African businesses and its significant contribution to the development of cross-border trade and investment in Africa. Elumelu highlighted the role of African institutions, such as Afrexim, commenting that the bank’s mission was further evidence of Africa’s own ability to provide long-term, strategic…

Read More

Access Bank Plc’s rating has been raised from “A+” to “Aa-” by foremost Nigerian rating agency, Agusto & Co. The upgrade reflected Access Bank’s strong financial profile, resilient profitability levels, and solid capital position, a statement from the bank said at the weekend. Agusto & Co. also recognised Access Bank as an institution of a very good financial condition and strong capacity to meet its obligations. The rating was further supported by the bank’s strong domestic presence, supported by an extensive branch network, good liquidity profile as well as experience…

Read More

The Chairman of the embattled mobile telephone operator, Etisalat Nigeria Limited, Hakeem Bello-Osagie has resigned. The telecoms company said on Friday it would move swiftly to set a new management and appoint a new board, in the wake of the resignation of its incumbent Chairman. Following “the approval of a restructuring plan for the telecommunications firm, Mr. Bello-Osagie decided to quit” “Although the Chairman had planned to leave immediately the banks made the take-over move, he opted to tarry until a road map for the company was finalised. The timing…

Read More

60 customers of Access Bank Plc have emerged as the first set of winners in the Access Bank Family Fortune promo yesterday. The winners emerged in the weekly draws held in Lagos ahead of the monthly draws and the mega selection. Speaking at the draw in Lagos, Access Bank Executive Director, Business Banking, Titi Oshuntoki, stressed the need for families to come together to imbibe savings culture and collectively achieve family goals. According to her, the bank’s ‘Family Fortune’ promo is the first of its kind in the country. She…

Read More

Nigeria’s economy may be in a difficult period, but with digitalisation at the core of the national banking strategy, financial inclusion has been given room to grow. Segun Agbaje, Managing Director and CEO of Guaranty Trust Bank has said that Nigeria is becoming increasingly connected thanks to digital banking . “There are so many people in Africa that are outside the banking system. For you to be part of organised society, financial inclusion is a must.” Slowly but surely, financial inclusion in Africa is improving. In fact, the Central Bank…

Read More

  Leading telecommunications services provider, Airtel Nigeria, has built and donated a multimillion naira, ultra-modern 2-bedroom apartment to victims of a devastating inferno, the Aina family, in fulfillment of its pledge to the beneficiary in the just concluded Airtel Touching Lives Season 3. The Aina family, which was one of the several grantees that appeared in the philanthropy series, had been struck by severe vicissitudes of life and had lost four children in a shattering fire accident that also consumed their abode as well as all their material possessions. Chief…

Read More

The immediate reinstatement of the data floor price has returned to the front burner of discussions within the telecom industry especially within the ranks of Tier II players who are defined by the Nigerian Communications Commission(NCC) as having less than 7.5% of the market share or have been in operation for less than three years. The issue was front and center at the recently concluded BusinessDay Broadband Summit which held on Thursday June 2, 2017 at the Wheatbaker Hotel, Ikoyi. During a panel discussion, which proceeded under the theme, “Broadband…

Read More

A cheque of N2 million has been presented to Kafilat Olayinka Dada, who emerged star prizewinner in the penultimate monthly draw of the ongoing ‘Get Alert In Millions’ promo of Fidelity Bank Plc. Dada, who received the prize money at an elaborate prize presentation ceremony held at the Bank’s head office in Lagos on Thursday, expressed profound gratitude to the Bank for fulfilling her dreams of owning a beauty salon. While fielding questions from journalists at the ceremony in Lagos, Dada said, “When I was told that I won the…

Read More

United Bank for Africa Plc, pan African financial institution, has announced the launch of a brand new mobile banking application with many user friendly features, in demonstration of its commitment to deliver superior and innovative banking solutions to its customers. The new mobile app which comes with the biometric log-in feature for secure, personalized access is now available for download on Apple and Google Play App Stores. The UBA Mobile Banking App has been tailor-made to enhance ease of banking by enabling customers to carry out their transactions without visiting…

Read More