Stanbic IBTC Bank has said it was considering taking a legal action against Ascon Oil Limited for allegedly retaking possession of a property along Lekki Admiralty Way illegally. The two companies are at loggerheads over a petrol station in the area and recently, the oil company took over the property, citing a court order. But…
Heritage bank Plc in collaboration with the Central Bank of Nigeria (CBN), under the Nigerian Incentive-Based Risk Sharing in Agricultural Lending (NIRSAL) has continued to drive improved investment outcomes and job creation. Through this partnership, Heritage Bank is not relenting in its efforts at boosting the agriculture base of the nation to make farming profitable…
The Next Robotics Legend is an initiative designed by Edu360, Union Bank’s education platform, in collaboration with Awarri, a pan-African technology company, to infuse Robotics and Artificial Intelligence (AI) into the education of the Nigerian child. This stems from the realisation that the solutions to some of our most complicated problems as a nation lie…
The United Bank for Africa Plc (UBA), the leading pan-African financial services group, has acted as an Initial Mandated Lead Arranger with a consortium of Nigerian commercial and international banks in a $1.5 Billion Pre-Export Finance Facility for Eagle Export Funding Limited, to enable the forward sale of crude by the Nigerian National Petroleum Corporation…
Zenith Bank Plc, Nigeria’s leading financial institution, has commenced its “Zenith Beta Life” Promo to reward customers of the Bank with gifts every week starting from 31st July 2020 to 30th July 2021. During this period, fifty (50) customers will be selected via raffle draw each week and rewarded with gifts worth NGN30,000. The Promo…
TAJBank Ltd has held its 1st Annual General Meeting (AGM) in Abuja recently as shareholders lauded the institution for an impressive performance over its first month of operations covering December 2019. The bank recorded remarkable growth across key performance indicators signifying not only viability but success of the non-interest banking model in the Nigerian banking…
In its continuous bid to support the growth of Micro Small and Medium Enterprises (MSME) and equip them with the necessary tools aimed at strengthening and sustaining their businesses, Pan African Financial Institution, United Bank for Africa (UBA) Plc is set to organise another MSME Workshop for entrepreneurs. The workshop which will hold on Wednesday…
VFD Group Plc, a proprietary investor in financial services companies, is targeting a 2022 initial public offering on the Nigerian stock exchange, CEO Nonso Okpala tells The Africa Report. The Lagos-based company has appointed Kairos Capital to help it seek Nigerian and international investors, says Okpala, who holds about 24% of the company. He plans…
Heritage Bank plc, Nigeria’s most innovative banking service provider has upgraded its HB ‘Padie’ mobile application to HB ‘Padie’ 2.0, which comes with new improved features for convenient, quick, secure and affordable way for seamless 24/7 banking transaction. The HB ‘Padie’ 2.0 app has been redesigned and relaunched with new improved multi-functional feature and game-changing…
Nigeria’s leading end-to-end financial services provider, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has upgraded its mobile app by introducing exciting features to enable seamless transactions for its customers. The one-stop mobile app, tagged Super App, consists of the entire range of the Stanbic IBTC Group products such as My Bank, Mutual…