***Appoints professional debt resolution firms as partners As part of its renewed strategy to resolve over 6000 accounts with loan balances of N100 million and below, the Asset Management Corporation of Nigeria (AMCON) has flagged off its induction programme for successful firms that qualified as its Asset Management Partners (AMPs). The AMPs are consortiums with…
Moody’s Investors Service, a leading global rating agency, has re-affirmed the resilience of the Sterling Bank franchise by maintaining the lender’s standalone Baseline Credit Assessment (BCA) ratings of B3. This cheery news came hours after the lender’s share price appreciated by 3.25 per cent in today’s trading on the Nigerian Stock Exchange (NSE) to close…
The United Bank for Africa, UBA, Group recently held its first ever Senior Leadership Forum reflecting the strategic importance and growth potential of its pan-African business. UBA Group Chairman Tony O. Elumelu convened the Forum to review the impressive growth that the bank’s African network had made over the past 11 years and to provide…
A Profit After Tax, PAT, of N10.45 billion has been declared by the Board of Directors of Nigerian Breweries Plc for its First Quarter of 2016. The unaudited and provisional results released to The Nigerian Stock Exchange show that the N10.45 billion PAT represents a 4 per cent increase over the N10.10 billion declared in…
Warren Buffet is regarded as the most successful investor of all times and one of his many quotes is no matter how great the talent, some things just take time. You can’t produce a baby in one month by getting nine women pregnant. That Guinness Nigeria has been around for a while is stating the…
The month of May has been declared ‘Children Banking Month’ by Heritage Bank. This is part of the bank’s children financial literacy initiative to commemorate the kids on May 27. The laudable programme, which is in its second year, is themed, ‘Taking The Early Lead.’ Activities have already been lined up to directly impact a…
The Executive Director, North, of Fidelity Bank Plc, Mohammed Lawal Balarabe, has been appointed as the acting Managing Director/Chief Executive Officer of the bank. This followed the absence of Fidelity Bank MD, Nnamdi Okonkwo, who is currently in the custody of the Economic and Financial Crime Commission, EFCC, over an alleged collection of about $115…
Preparations are already in top gear ahead of the maiden edition of the E-Revenue Sustainability Conference, an annual forum organised by Intermarc Consulting Limited and other stakeholders in the financial services sector of the economy. According to the organisers, the conference will proffer strategies and tactics to grow revenues from existing and new IGR sources…
Determined to eradicate the scourge of unemployment currently ravaging the country, Fidelity Bank Plc, one of the nation’s highly diversified lender, in strategic partnership with Gazelle Academy and University of Nigeria Nsukka, UNN, has empowered 300 Nigerian youths with top-of-the-line entrepreneurial skills. The programme, which is part of the Bank’s Corporate Social Responsibility, CSR, initiatives,…
If there is one thing that is causing anxiety at First Bank at the moment, it is the report that the financial institution is planning to lay off about 1000 workers on its payroll. Also, if the feelers we are getting is anything to go by, the situation may be causing problem within the bank…