As part of its resolve to ensure owners of small businesses in Nigeria get the necessary support, Union Bank of Nigeria Plc has thrown its full weight behind the Small and Medium Enterprises Development Agency, SMEDAN. The bank described Small and Medium Scale Enterprises, SMEs, in the country as the drivers of national development and…
**Wins 2015 Finance Monthly CEO Awards Foremost African financial institution, Guaranty Trust Bank plc has again endorsed its position as a leading global brand with the recent recognition of its Managing Director/CEO, Segun Agbaje, as CEO of the Year at the 2015 Finance Monthly Global Awards, which was held in London. The award, which is…
Nigerian banks have restructured limits on withdrawals done with their ATMs on both domestic and foreign transactions. With the new review, Naira cash withdrawal at ATMs is now N60,000 per day instead of the former N150,000. Also, the limit for foreign currency withdrawal is now $300 per day. According to the new arrangement, the traditional…
**Begins Sales Of PTA, BTA One of the biggest financial institutions in Nigeria, GTBank, has begun the sale of sale of Personal and Business Travel Allowance (PTA & BTA). This will take effect from Monday, August 10, 2015 at select branches of the bank across the country. Also, the reputable bank has reviewed its international spending…
One of the financial institutions in Nigeria, Fidelity Bank, has continued to show why it is a big force to be reckoned with in the industry. The Bank recently announced a 13.6 per cent growth in Gross Earnings to N71.9 billion and a Profit Before Tax, PBT, of N9.7 billion. A breakdown of the analysis…
A London-based Global Banking and Finance Review Online Magazine, a reputable banking and finance performance review platform, has named Ecobank Nigeria as winner of the Best Corporate Bank Nigeria 2015 Award. Presenting the award to Ecobank in London, the publication’s Production Coordinator, Noel O’Leary, said the choice of the Bank from the various nominations was…
A Federal High Court in Lagos, has adjourned a case before it involving First Bank of Nigeria till after the Sallah holiday. The Stephen Olabisi Onasanya led First Bank was taken to court by Peep ‘N’ Pick Bureau de Change Limited. According to the suit instituted by K.A. Salawu principal state counsel from the office…
Winners have emerged in Ogun State in the prestigious GTBank-sponsored Principals Cup. While Pakoto High school, Ayede Ifo, came first in the male category of the competition, Muslim High School, Isolu was top in the female category. The finals of the completion took place on Wednesday, July 15, 2015 at the MKO Abiola Stadium, Kuto,…
ambuwal Governor of Sokoto State, Aminu Waziri Tambuwal, has commended Fidelity Bank for its viable Corporate Social Responsibility, CSR, which he said is rare especially among organizations whose operations are commercially driven. The former Speaker of the House of Representatives made this comment over the weekend while commissioning the Sokoto State Orphanage Home renovated by…
The ongoing advert campaigns rolled out by two of the telecommunication companies in Nigeria, Airtel and Etisalat, have been criticised a cross-section of subscribers, who term them as ‘fraud’. The full report is reproduced below; The on-going advert campaigns by the four major telecom service providers on their 11 kobo per second tariff for calls…