Union Bank and CIG Motors Announce Partnership
Union Bank and CIG Motors Announce Partnership Photo caption: From L-R: Joe Mbulu, Chief Financial Officer, Union Bank; Chief Diana Chen, Chairman/Chief Executive Officer, CIG Group; Mudassir Amray, MD/CEO, Union Bank; and Dr. Ramanathan Murugesan, Chief Finance Officer, CIG Group at the official signing ceremony of Drive Now, Pay Later partnership between Union Bank and CIG Group held in Lagos recently. Lagos, Nigeria - Union Bank of Nigeria has signed a commercial partnership agreement with Choice International Group (CIG) Motors Limited, …
N4.1bn Debt: Court Hears Ecobank’s Bankruptcy Suit Against Otudeko July 4 Debt: Court Hears Ecobank’s Bankruptcy Suit Against Otudeko July 4
N4.1bn Debt: Court Hears Ecobank’s Bankruptcy Suit Against Otudeko July 4 Debt: Court Hears Ecobank’s Bankruptcy Suit Against Otudeko July 4 The Federal High Court in Lagos has adjourned further proceedings until July 4 in the bankruptcy suit filed by Ecobank Nigeria Limited to recover an alleged debt of N4.1bn from the Chairman of Honeywell Group, Dr Oba Otudeko. The case was adjourned on Tuesday at the instance of the court based on heavy workload. However, Ecobank’s counsel, Mr Kunle Ogunba, SAN, expressed reservation on the adjournme…
FBRA Partners with UNIDO to Train Recyclers and Manufacturers of Plastic in Abuja.
FBRA Partners with UNIDO to Train Recyclers and Manufacturers of Plastic in Abuja. The Food and Beverage Recycling Alliance (FBRA), in partnership with the United Nations Industrial Development Organization (UNIDO), held a seminar to raise awareness of the Promoting Sustainable Plastic Value Chains Through Circular Economy Practices for Recyclers Project in Abuja. The aim of this collaboration is to contribute to Nigeria’s inclusive and sustainable industrial development and to reduce leakage of plastics into the environment. The problem…
FIRSTBANK REFUTES ALLEGATION
OFFICIAL STATEMENT FIRSTBANK REFUTES ALLEGATION Our attention has been drawn to a sponsored sensational report by some online publications on a charge brought against the Bank. While we will not be able to offer further comments as the matter is sub-judice, suffice it to say that the basis of the charge is a spurious allegation made by a delinquent debtor with the intention of embarrassing the Bank and tainting the Bank’s loan recovery efforts and legal enforcement of its security collateral interest in accordance with the terms thereof. W…
DANGOTE LISTS N300B SERIES 1 AND 2 LARGEST BONDS ON NGX, FMDQ
DANGOTE LISTS N300B SERIES 1 AND 2 LARGEST BONDS ON NGX, FMDQ Dangote Industries Limited (DIL) has formally listed its N300 billion Series 1 and 2 bonds issued under the Dangote Industries Funding Plc during a grand listing ceremony at both the FMDQ and the Nigeria Exchange Limited (NGX) in Lagos. CAPTION: DSC 4701: L-R : Chief Executive Officer of FMDQ, Bola Onadele Koko; Group Managing Director, Dangote Industries Limited, Olakunle Alake and Chief Executive, Stanbic IBTC Capital Ltd, Funso Akere, during the Listing Ceremony of the Dang…
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Sterling extends publication date of Annual Statements
Sterling extends publication date of Annual Statements Sterling Bank Plc, has just announced that it requires a short extension outside the deadline for filing its Annual Financial Statements (AFS) for the year ended 31st December 2022. This was contained in a copy of the bank’s letter to the Nigerian Exchange (NGX) filed on the 29th of March, 2023. Company Secretary and Chief Legal Officer, Ms. Temitayo Adegoke, assured stakeholders and the public that the organisation is diligently working with its auditors, Deloitte, to finalise the AFS b…
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Stanbic IBTC Bank Completes First Inbound Commercial Transaction On PAPSS
Stanbic IBTC Bank Completes First Inbound Commercial Transaction On PAPSS Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has completed the first inbound commercial transaction on the Pan African Payment and Settlement System (PAPSS) in Nigeria, making history. PAPSS is an initiative of the African Union and the AfCFTA Secretariat, designed to provide a secure and efficient payment platform for African businesses, promoting intra-African trade and economic integration by facilitating payments and settlements for cross-bo…
ZENITH BANK RECORDS IMPRESSIVE 24% DOUBLE-DIGIT GROWTH IN GROSS EARNINGS IN 2022
ZENITH BANK RECORDS IMPRESSIVE 24% DOUBLE-DIGIT GROWTH IN GROSS EARNINGS IN 2022 Zenith Bank Plc has announced its audited results for the year ending December 31, 2022, achieving an impressive double-digit growth of 24% in gross earnings from NGN765.6 billion reported in the previous year to NGN945.5 billion in 2022. This is despite the persistent challenging macroeconomic environment and headwinds. According to the audited financial results for the 2022 financial year presented to the Nigerian Exchange (NGX), the double-digit growth in gr…
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GMW: Polaris Bank, CBN deepen financial literacy among young Nigerians
GMW: Polaris Bank, CBN deepen financial literacy among young Nigerians … donates books to libraries of 37 Secondary Schools nationwide Lagos, Nigeria - March 28, 2023: Polaris Bank has continued to deepen its financial advocacy role of educating and inculcating in young Nigerians the culture of savings, investment and financial awareness during the 2023 Global Money Week (GMW) event The week-long activity, which kicked off last Monday, March 20, and ended on Sunday, March 26, 2023, had 'Plan Your Money, Plant Your Future', as its th…
UNIVERSITY OF NIGERIA, NSUKKA HONOURS ZENITH BANK CEO, EBENEZER ONYEAGWU WITH A DOCTORATE DEGREE
UNIVERSITY OF NIGERIA, NSUKKA HONOURS ZENITH BANK CEO, EBENEZER ONYEAGWU WITH A DOCTORATE DEGREE CAPTION L – R: Vice Chancellor, University of Nigeria, Nsukka, Prof. Charles Arinzechukwu Igwe; Minister of State for Education, Rt. Hon. Goodluck Nanah Opiah; Pro-Chancellor and Chairman of the Governing Council of University of Nigeria, Nsukka, Amb. Bako Sani; Group Managing Director/CEO, Zenith Bank Plc, Dr. Ebenezer Onyeagwu; and Mrs Kachi Onyeagwu during the conferment of the Doctorate Degree in Business Administration on Dr. Onyeagwu by th…
cobank Takes “Financial Planning Education” To Schools
Ecobank Takes “Financial Planning Education” To Schools Lagos, March 27, 2023 – Ecobank Nigeria last week embarked on financial education for Secondary School students across the country on personal financial management including savings, budgeting, and investment being part of activities to commemorate the Global Money Week (GMW). Tutoring the students of Comprehensive School Management and Technology, New Layout, Abakaliki, Ebonyi state, Managing Director, Ecobank Nigeria, Bolaji Lawal, reiterated that “Saving is the act of putti…
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ACCESS BANK GETS APPROVAL TO ACQUIRE ZAMNIA’S AFRICAN BANKING CORPORATION
ACCESS BANK GETS APPROVAL TO ACQUIRE ZAMNIA’S AFRICAN BANKING CORPORATION Access Holdings, the parent company of Access Bank Plc, says its Zambian subsidiary, Access Bank Zambia Limited, has secured approval of the country’s central bank for the acquisition of African Banking Corporation Zambia Limited. Sunday Ekwochi, the company secretary who announced the development on a statement on Friday, said the acquisition is to be completed in the third quarter of 2023. “Further to its announcement on October 25, 2021, Access Holdings Plc (Access H…
FCMB Manager, Two Others Commits Multi-million Naira Fraud Using Overdraft Documents' - EFCC
FCMB Manager, Two Others Commits Multi-million Naira Fraud Using Overdraft Documents' - EFCC The Economic and Financial Crimes Commission, EFCC, On Tuesday March 21, 2023 arraigned one Kichime Gomwalk, a branch manager of First City Monument Bank, FCMB, Michael Damkas Buayam of Tan Global Energy Limited, and Abbas Andrew Dayilim of Castlegate International Limited before Justice P. S. Gang of the Plateau State High Court Jos, on a five-count charge bordering on stealing, cheating and obtaining by false pretense to the tune of N55,000.000…
World Water Day 2023 Stakeholder Forum - Nestlé collaborates with Ogun State Ministry of Environment
World Water Day 2023 Stakeholder Forum - Nestlé collaborates with Ogun State Ministry of Environment Nestlé Nigeria and Ogun State Ministry of Environment hosted a stakeholders’ forum on 22nd March to commemorate World Water Day 2023. Aimed at promoting sustainable water stewardship practices, the forum had over 400 stakeholders drawn from the public and private sectors across Ogun State.World Water Day is a United Nations’ observance day to raise awareness about the inaccessibility of water for billions of people globally and to advocate …
Wema Bank Organises Financial Literacy Programme for Students to mark 2023 Global Financial Literacy Day.
Wema Bank Organises Financial Literacy Programme for Students to mark 2023 Global Financial Literacy Day Wema Bank Organises Financial Literacy Programme for Students to mark 2023 Global Financial Literacy Day. Wema Bank Plc, Nigeria's leading Innovative Financial Institution is championing financial literacy for the next generation by participating in the Global Money Week to commemorate the Financial Literacy Day on March 23, 2023. In alignment with the theme "Plan your Money, plant your Future", Wema Bank organized financia…
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Stanbic IBTC Bank Continues Reward Spree for Customers
Stanbic IBTC Bank Continues Reward Spree for Customers Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and one of the leading financial institutions in the country, held the penultimate live draw for the Reward4Saving Promo Season two, rewarding 70 more customers who met the minimum saving criteria across seven regions. The Promo, launched in 2022, aims to encourage a savings culture among customers and reward the same habit. The Promo is open to all Stanbic IBTC Bank customers who have saved a minimum of ₦ 10,000 in their Sta…
ELECTIONS: Archbishop Martins Condemns Ethnic Profiling, Calls for Peace, Tolerance
ELECTIONS: Archbishop Martins Condemns Ethnic Profiling, Calls for Peace, Tolerance The Catholic Church has warned that the ethnic profiling and violence that marred the just-concluded elections in Lagos State, if not promptly checked, could truncate the peaceful co-existence of residents in the state. Archbishop of Lagos, Most Rev. Alfred Adewale Martins in a statement issued in Lagos condemned in very strong terms all forms of ethnic profiling, provocative utterances, and incidents of violence witnessed in some parts of Lagos state, …
FIRSTBANK ANNOUNCES CALL FOR APPLICATION IN THE THIRD EDITION OF ITS FIRSTBANK MANAGEMENT ASSOCIATE PROGRAMME (FMAP)
FIRSTBANK ANNOUNCES CALL FOR APPLICATION IN THE THIRD EDITION OF ITS FIRSTBANK MANAGEMENT ASSOCIATE PROGRAMME (FMAP) First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced the call for participation in the third season of its FirstBank Management Associate Programme (FMAP). Interested participants are required to submit their application via https://hdbc.fa.em2. oraclecloud.com/hcmUI/ CandidateExperience/en/sites/ CX . The application is extended to the general public as …
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