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Union Bank Unveils ‘Alpher’ on International Women’s Day

Alpher

Union Bank marked International Women’s Day with the launch of its women’s proposition, Alpher. Alpher was unveiled as part of the Bank’s annual celebrations to mark the global movement to accelerate gender parity across the world. Alpher is a platform to ‘enable success’ and empower women across all segments of the Nigerian society through capacity building opportunities, networking platforms, scholarships ...

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Ecobank To Collaborate With CIBN On Financial Inclusion, Capacity Building

CIBN

 Managing Director, Ecobank Nigeria, Patrick Akinwuntan has reiterated the need for collaboration between the Bank and Chartered Institute of Bankers of Nigeria (CIBN) on financial inclusion and capacity building with a view to moving the industry forward.  Akinwuntan, who was speaking against the backdrop of Ecobank’s giant strides in the digital banking space during CIBN stakeholder’s engagement with the Bank ...

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GTBank Sponsors 2019 Lagos International Polo Tournament

Tournament

Some of the most renowned indigenous and international polo teams are set to convene in Lagos, Nigeria to compete for highly coveted trophies in the 2019 Lagos Int’l Polo Tournament. Sponsored by leading African Financial Institution, Guaranty Trust Bank Plc. This year’s competition will begin on March 13, 2019, and will see both Nigerian and foreign teams compete in five main ...

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N456.6 Billion Fraud: EFCC Arraigns Ex-Skye Bank Chiefs Tunde Ayeni, Timothy Oguntayo

Two top officials of the now defunct Skye Bank have been arraigned  by the Economic and Financial Crimes Commission  (EFCC). It’s former chairman, Tunde Ayeni and ex-Managing Director Timothy Oguntayo were arraigned in a High Court in Apo, Abuja. The duo are facing four-count charge of criminal breach of trust and engaging in fraud of about N456.6billion. Ayeni and Oguntayo ...

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GTBank Releases 2018 Full Year Audited Results

Masters Cup

Guaranty Trust Bank plc has released its audited financial results for the year ended December 31, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial metrics and improved strategic positioning of the brand. Gross earnings for the year grew by 3.7% to ₦434.7billion from ₦419.2billion reported in the December 2017. ...

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Dangote Cement Targets $600m Annual Exports to African Countries***Fetes Distributors

Euro V

President of Dangote Industries Limited, Aliko Dangote, has restated his Group’s commitment to Nigeria’s economic development through continuous innovation, value creation and investments. This is just as he disclosed that Dangote Cement’s exports to other countries are targeted to rise to $600m annually, with the management intensifying efforts at actualizing the planned increase. Declaring that his massive investments in Nigeria’s ...

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Agent of Death! Who Will Save Victoria Island Residents From Lafarge’s Poisonous Production Activities?

Victoria Island

Unless the Lagos State Environmental Protection Agency (LASEPA) swiftly rises to curtail the activities of Bar Beach Plant of Lafarge WAPCO Plc, the already endangered lives of residents of Victoria Island, especially those living in Noga Estate and Tiamiyu Savage axis, are on the brink of being cut short by terminal illnesses. As it stands, the long-standing peaceful relationship between ...

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CBN Governor, Godwin Emefiele Not Sacked-CBN

Godwin Emefiele

Godwin Emefiele has not been sacked as the Governor of the Central Bank of Nigeria (CBN). This position was revealed by the apex bank’s spokesperson, Isaac Okorafor during a media interview where he said, “It’s not true. Please disregard it. The CBN governor has not been sacked.”   The purported sacking of Emefiele surfaced online with two northerners alleged to be set to ...

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UBA Group Launches Full Banking Operations in the UK

Three weeks after the UBA group launched its operations in Mali, the global financial city of London hosted a high level gathering of business and public sector leaders on Thursday February 28, 2019, as the new UBA franchise, UBA UK was formally birthed in the United Kingdom amidst high expectations. At the upscale ceremony which held at The Prestigious Shard in the ...

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Stanbic IBTC:  Supreme Court Orders Bank To Pay Customer ₦2.5Billion

Withdrawals

The Supreme Court of Nigeria on Wednesday, February 28, upheld the judgement of a Federal High Court in the case between the bank and a customer, Mr Patrick Akinkuotu earlier upheld by the court of appeal and ordered Stanbic IBTC Bank to pay N2.5 billion in damages for breach of contract. This brings to a close a long-running court battle ...

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