Stanbic IBTC Bank has launched an Africa-China Agent Proposition (ACAP) which aims to assist Nigerian importers source and validate quality goods, safely and efficiently, from the most competitive suppliers in China. The ACAP offering is expected to revolutionise African importers’ view of China’s supplier universe. It will also ease the cash flow of African importers…
In line with its long-term commitment to growing small and medium enterprises, foremost African Financial Institution, Guaranty Trust Bank plc, is partnering with the Development Bank of Nigeria (DBN) to disburse N25billion funding to entrepreneurs in Nigeria’s Micro, Small and Medium Enterprises (MSMEs) sector. The funding is the single largest disbursement by the DBN to…
The Managing Director of the Development Bank of Nigeria, Mr Tony Okpanachi, has become a fellow of the Chartered Institute of Bankers of Nigeria. The event was held at the Federal Palace Hotel, Victoria Island, Lagos on Thursday, May 16, 2019. Okpanachi was given this honorary fellowship awards alongside other five distinguished bankers in recognition…
At a recent function in Abuja, the Managing Director/CEO of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, delivered a lecture where he revealed that there has been a consistent decline, over the past three years, in the recorded rate of successful fraud incidences, thefts and forgeries in the banking industry. Specifically, Ibrahim said…
Last week, Wema Bank Plc held its Annual General Meeting (AGM) in Lagos, which was attended by shareholders of the company. Here are few pictures from the event.
The Economic and Financial Crimes Commission, EFCC, Enugu Zonal Office on Tuesday, May 7, 2019, arraigned a former acting branch manager of Sterling Bank Plc, Oliver Anidiobi, before Justice C.O. Ajah of the state’s High Court, sitting in Enugu, for a N187 million fraud. Anidiobi, who was also the Account Relationship Officer of OHHA Microfinance…
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced a gross earnings of N58.7 billion for the first quarter of 2019 as it released its unaudited financial results for the period to the Nigerian Stock Exchange. The financial report, which was released to the Exchange on Friday (26/4/2019), showed the group grew…
EcobankPay, the lifestyle digital payments and collections service of Ecobank Nigeria has formally unveiled its partnership with Terra Kulture following the signing of a Memorandum of Understanding (MoU) at the Terra Kulture Theatre in Lagos. The ceremony also featured the exclusive screening of “Queen Moremi: The Musical” which was supported by Ecobank Nigeria. Speaking on…
The Managing Director of Jumia’s food marketplace, Guy Futi has announced an on-demand pizza delivery partnership between Jumia’s food marketplace and Pizza Hut. The partnership is expected to boost operational performance and last mile delivery in Nigeria. Futi made this disclosure at a press conference held at Pizza Hut, Awolowo Road, Ikoyi, Lagos. Giving more details about…
Leading Pan-African Bank, United Bank for Africa (UBA) PLC in partnership with leading global payments and technology company, Mastercard, have announced they are giving away all-expenses paid trips to the Semi-Finals and Finals of the 2019 UEFA Champions League to 12 lucky UBA Mastercard holders and their plus ones. Open to all existing and new…