Author: Jasmin Ekua, Banking & Finance

Redesigned Notes: Abuse naira, go to jail -CBN warns

Jasmin Ekua, Banking & Finance

The CBN warned in Abuja on Tuesday that those abusing the naira were liable to go to jail. It warned that the law banning the “spraying’’ and the stepping on the naira, especially at social gatherings is still in force and offenders are liable to six months imprisonment or a fine of N50,000. The News Agency of Nigeria (NAN) reports that Section 21(3) of the CBN Act 2007 provides that mishandling of the naira is a punishable offence. Principal Manager, Currency Operations Department at the CBN, Ms Ngozi Etim, gave…

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Giving.NG Partners Shoprite Nigeria on 40 Days of Giving Campaign

Jasmin Ekua, Banking & Finance

Giving.NG is partnering with Shoprite Nigeria on “40 Days of Giving” campaign, aimed at inspiring people and organizations to spread kindness and treat it as an everyday thing, rather than a seasonal activity. Giving.NG, Africa’s first and only free crowdfunding platform, has announced that it will begin a campaign in November to assist less privileged Nigerians and honor organizations and people carrying out exceptional, social impact work nationwide. The campaign, themed “40 Days of Giving,” is being launched in partnership with Africa’s largest fast-moving consumer goods retailer, Shoprite Nigeria, and…

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Polaris Bank promotes SMEs, sponsors The Fashion Souk

Jasmin Ekua, Banking & Finance

Polaris Bank has reaffirmed its commitment to support the growth of Small and Medium Enterprises (SMEs) in Nigeria. The Bank in a statement gave this assurance while disclosing plans to sponsor The Fashion Souk 7.0. The statement further noted that 3 successful entrepreneurs who emerge winners in a business pitch at the event will go home with N1million, N500,000 and N250,000 for the overall winner, first runner-up and second runner-up respectively. The two-day event, which is organised in partnership with Nigeria’s foremost event management company, EVENTFUL Limited is scheduled to…

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Union Bank Unveils Brand New Sonic Identity – The Sound of Union

Jasmin Ekua, Banking & Finance

Union Bank of Nigeria has launched a brand-new sonic identity tagged ‘The Sound of Union. At 105 years, the Bank is now leveraging the universality of music to engage with new and existing audiences through this unique sound identity. The Bank tapped prolific and award-winning music producer Tee-Y Mix, to create a timeless sound and interpret it across multiple genres for today’s and tomorrow’s generations. Speaking about The Sound of Union during the official Twitter Space unveiling, Ogochukwu Ekezie-Ekaidem, Chief Brand and Marketing Officer, Union Bank, spoke about why the…

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Zenith Tech Fair splashes N53m on Hackathon finalists

Jasmin Ekua, Banking & Finance

A total sum of N53 million in prize money was won at the end of a keenly contested hackathon session at the Second Edition of the Zenith Tech Fair, themed “Future Forward 2.0”, which was held on Wednesday, November 23, 2022, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos. The prize money was shared among eleven finalists who emerged from the over 500 contestants that took part in the hackathon, with Ecotutu, a cleantech company making cooling affordable and accessible for businesses, especially in the agricultural…

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FirstBank pledges to do more as Ojeabulu wins 61st Lagos Open Golf Championship

Jasmin Ekua, Banking & Finance

FirstBank of Nigeria Limited, sponsor of the yearly Lagos Open Golf Championship, has pledged its commitment to the continuous sponsorship of the tournament and other sporting activities across the country. FirstBank’s Chief Executive Officer, Adeola Adeduntan, who was represented by Executive Director, Chief Risk Officer, Olusegun Alebiosu, while speaking at the closing ceremony of the 61st edition of the tournament in Lagos, on Sunday, said it would continue to honour its commitment to the competition because the bank takes pride in sports. The tournament lived up to its rating as…

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Unity Bank, Kitian Training Hub partner to empower 300 youths with digital skills

Jasmin Ekua, Banking & Finance

In a bid to promote SDG 8 for decent work and economic growth, Nigerian lender, Unity Bank Plc is collaborating with Kitian Training Hub, an Ibadan-based career advice and skills acquisition training centre to empower no fewer than 300 youths from Oyo State with different knowledge and skills designed to better equip beneficiaries to make career advancement. With the intervention, the Bank is providing support for sponsoring the youth training programme at the Kitian Training Hub set up to facilitate technical and vocational courses and thus drive digital skills acquisition…

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Ovia leads IT experts to Zenith Tech fair

Jasmin Ekua, Banking & Finance

The Second Edition of the Zenith Tech Fair, themed “Future Forward 2.0”, will be held on Tuesday, November 22 and Wednesday, November 23, 2022, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos, from 8.00 a.m. to 6.00 p.m. daily. Conceived in the mould of global technological events such as the Consumer Electronics Show (CES) and EmTech Asia, the fair will showcase leading technology innovations that cut across different aspects of life, such as Artificial Intelligence, Computing, Machine Learning, Blockchain, Robotics, Big Data, FinTech, Augmented Reality, Data…

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61st FirstBank Lagos Amateur Open Golf Championship tees off

Jasmin Ekua, Banking & Finance

In furtherance of its commitment to the development of sports in Nigeria, First Bank of Nigeria Limited has announced that the 61st edition of the FirstBank-sponsored Lagos Amateur Golf Championship has been scheduled to tee-off at the golf section of Ikoyi Club 1938 on Friday 18th, to Sunday 20th of November 2022. To be played over 54-holes (3-days), the FirstBank Lagos Amateur Open Golf Championship is a World Amateur Golf Ranking (WAGR) listed competition that attracts the best golfers from the amateur scene, not only in Nigeria but across the…

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Uproar in the Senate over Naira redesign

Jasmin Ekua, Banking & Finance

The Nigerian Senate erupted in a rowdy session on Wednesday over the plan by the Central Bank of Nigeria to redesign the national legal tender. As senators deliberated a motion on the Naira Redesign Policy of the Central Bank of Nigeria, moved by the Chairman of Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani. Sani, in the prayers to his motion, urged the Senate to provide legislative support for the policy. He also wants the Senate to mandate his committee to embark on aggressive oversight on…

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FBNBank @40 appreciates customers, regulators

Jasmin Ekua, Banking & Finance

FBNBank UK, a subsidiary of FirstBank Group had London, the United Kingdom painted blue as it celebrated its 40th anniversary, themed Partnership Beyond Borders, on Friday, 11 November 2022. The event which had customers, members of government functionaries and the diplomatic community, regulators, and captains of industries in attendance, was convened to appreciate the patronage and support the Bank had received since it opened its doors in the United Kingdom 40 years ago. As key stakeholders, they were instrumental to establishing the Bank as an important gateway to connect international…

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Nigeria congratulates FirstBank for 40 years of UK operations

Jasmin Ekua, Banking & Finance

Nigeria’s President, Muhammadu Buhari has congratulated the Board, Management, and Staff of First Bank of Nigeria Limited (FirstBank) for cross-border services through FBNBank UK in the United Kingdom for 40 years, sharing almost 130 years of banking experience. In a statement signed by the Special Adviser to the President on Media & Publicity, Femi Adesina, Buhari noted the competence and professionalism that have become the hallmark of the Bank for many years. This includes winning and retaining the trust of customers in Nigeria, and beyond, like in the United Kingdom,…

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5G key to Africa’s economic growth -MTN Boss

Jasmin Ekua, Banking & Finance

Ralph Mupita the Chief Executive Officer and President of MTN Group, says 5G holds the key to Africa’s economic growth and development. Mupita said this in a statement made available to the News Agency of Nigeria on Tuesday in Lagos. “It is important that we emphasise how using 5G for business-to-business applications and margination would be the catalyst for Africa’s growth. “I think we will find in five years, maybe even sooner, that on the African continent, 5G is what would enable economies to accelerate their industrial development across the…

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Sterling Records Success At FINTECH Awards

Jasmin Ekua, Banking & Finance

Chief Executive Officer of Sterling Bank Plc, Mr. Abubakar Suleiman, has been awarded the Special Leadership Award at the 2022 edition of the Nigerian Fintech Awards held in Lagos. The Nigerian Fintech Awards is Nigeria’s biggest and most recognized fintech awards and is dedicated to honoring excellence in financial technologies and services companies and products. The organizers of the awards, Financial Technology Publication (FINTECH Africa), said Mr. Suleiman was awarded because of Sterling’s innovative contributions to financial technology, which have led to the growth of the industry over the years.…

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Dangote launches circular economy programme, trains traders on financial literacy

Jasmin Ekua, Banking & Finance

Dangote Cement has launched a circular economy programme, called “DangCircular”. The new initiative aims to promote recycling and reuse of scarce resources in society to reduce landfilling and create wealth as a contribution to environmental sustainability. DangCircular was rolled out during this year’s Dangote Sustainability Week, targeting students of Nigerian higher institutions. The company partnered with the Yaba College of Technology, Lagos, and UNESCO-UNEVOC (UNESCO International Centre for Technical and Vocational Education and Training) in a competition tagged ‘Yaba Green Challenge’. Dangote employee Volunteers and Executives graced the finale of…

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Prudential Africa leads industry with highest number of MDRT qualifiers

Jasmin Ekua, Banking & Finance

Prudential Africa has announced that 222 of its sales representatives across seven of its markets in Africa have qualified for the Million Dollar Round Table (MDRT) in the first half of 2022. This is in comparison to 39 qualifiers from the same period last year, up 469 percent. This makes Prudential the company with the highest number of MDRT members in Africa, with the largest number of qualifiers coming from Nigeria. Million Dollar Round Table (MDRT) is the global Premier Association of Financial Professionals. MDRT members lead the global financial…

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HabariPay Partners Google Hustle Academy to Deliver Digital Payment Training for MSMEs

Jasmin Ekua, Banking & Finance

In line with its mission to empower Africans with the payment solutions they need to thrive in a digital community, HabariPay has partnered with Google Hustle Academy to train targeted MSMEs on digital payment solutions. The Hustle Academy seeks to provide MSMEs across Kenya, Nigeria, Ghana, and South Africa with expert training on business strategy and development, digital marketing, and financial planning. The participants will also have access to key industry leaders and masterclasses on business to help create opportunities and boost business growth and job creation across the region.…

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Why I approved new Naira notes -Buhari

Jasmin Ekua, Banking & Finance

Nigeria’s President, Muhammadu Buhari on Sunday, voiced his support for the decision of the Central Bank of Nigeria to launch new Naira notes designs and replace high-value denominations. This was as he noted that the nation would gain a lot from the new initiative, especially its impact on illicit monies. According to a statement signed by the President’s Senior Special Assistant on Media and Publicity, Garba Shehu, Buhari spoke in a Hausa radio interview with the famous journalists Halilu Getso and Kamaluddeen Shawai to be aired Wednesday Morning on Tambari…

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FirstBank partners CFA Nigeria for Universities Ethics Challenge

Jasmin Ekua, Banking & Finance

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its partnership with CFA Society Nigeria to host its annual flagship event, the Universities Ethics Challenge final, scheduled to hold at Radisson Blu Hotel, Victoria Island Lagos on Saturday, 29 October 2022. The Universities Ethics Challenge is designed to increase student’s awareness of the ethical dilemmas and issues they may face when they become finance and investment management professionals. During the Ethics Challenge, students are given adapted real-life ethics case studies to analyze and evaluate…

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Massive opportunities remain in agric – Sterling Bank

Jasmin Ekua, Banking & Finance

Sterling Bank Plc, Nigeria’s leading commercial bank, has said there are massive opportunities in the agricultural sector of the Nigerian economy for those who are prepared to work hard, with a clear vision and commitment. Chairman of board of directors of the bank, Mr. Asue Ighodalo disclosed this in his address of welcome at the opening of the 2022 Agriculture Summit Africa (ASA) hosted by the bank recently in Lagos themed Engineering A Trillion Dollar Agricultural Economy. This year’s ASA is hosted by the bank in collaboration with her esteemed…

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Q3 2022: Zenith Bank surmounts macroeconomic headwinds with double-digit growth in gross earnings

Jasmin Ekua, Banking & Finance

Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2022, recording a remarkable double-digit growth of 20% in gross earnings from NGN518.7 billion reported in Q3 2021 to NGN620.6 billion in Q3 2022. This performance demonstrates the Group’s resilience against a challenging macroeconomic environment. According to the unaudited account presented to the Nigerian Exchange (NGX), the growth in the topline was driven by interest and non-interest income growth. Interest income grew by 27% from NGN308.8 billion to NGN390.8 billion, driven majorly by growth in…

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GTCO posts ₦169.7billion in 2022 Q3 Profit Before Tax

Jasmin Ekua, Banking & Finance

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦169.7billion, representing an increase of 11.7% over ₦151.9billion recorded in the corresponding period ended September 2021. The Group’s loan book (net) increased by 2.2% from ₦1.80trillion recorded as at December 2021 to ₦1.84trillion in September 2022, while deposit liabilities increased by 6.4% from ₦4.13trillion in December 2021…

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Squad receives Mastercard’s award for accelerating digital acceptance in Africa

Jasmin Ekua, Banking & Finance

In recognition of its efforts to deepen digital payments acceptance for businesses on the continent, the fintech payment product of HabariPay, Squad, has received an award for “Accelerating Digital Acceptance in Africa” at the inaugural session of the Mastercard EDGE 2022. The event was held to recognize outstanding fintech companies and business leaders that are revolutionizing payments in various ecosystems. The Mastercard EDGE – “Envision the Future of Digital, Gateways & e-Commerce Forum” – took place on Wednesday, 12 October 2022, at the Internet City, Dubai. The event hosted tech…

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FirstBank boosts customers’ businesses with bouquet of retail products

Jasmin Ekua, Banking & Finance

First Bank of Nigeria Limited has announced its variety of retail products specifically designed to enhance the operations and sustenance of various businesses in the country. The products: Petroleum Dealership Finance (PDF), Operational Vehicle Finance (OVF) and Commercial Mortgage will strengthen the capacity of businesses to meet their immediate and long-term needs which are required to continually impact the socio-economic development of the country. Commercial Mortgage (CM) is designed to meet the funding needs of established small and medium-scale enterprises in viable businesses to acquire Business/Office Premises. This product is…

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FG ask Telcos to revert 10% hike

Jasmin Ekua, Banking & Finance

The Federal Government has asked telecommunication companies to reverse their recent 10 per cent hike of calls and data prices. This decision means that telcos like MTN Nigeria and Airtel, who had initially increased the prices of their data bundles by about 10 per cent, will now need to revert to their old prices. This was revealed by the Nigerian Communications Commission on Wednesday. It stated that its decision to allow telcos such as MTN Nigeria and Airtel to review the prices of some of their tariffs was taken after…

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Union Bank and MobiHealth International Announce Partnership

Jasmin Ekua, Banking & Finance

Union Bank of Nigeria “Union Bank” has announced the first banking partnership with globally recognised telehealth services company Mobihealth International “Mobihealth” during a signing ceremony held at the United States Embassy in Abuja today. Mobihealth’s mission ‘to provide everyone with timely access to quality and affordable healthcare and healthcare providers from all over the world,’ has garnered international accolades and awards for the company and its founder Dr. Funmi Adewara, including recognition from the Bill & Melinda Gates Foundation and the United Nations Sustainable Development Goals. The company has also…

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Uproar against Polaris Bank for cancelling Friday prayers for Muslim staff

Jasmin Ekua, Banking & Finance

Polaris Bank, one of Nigeria’s commercial banks, has incurred the wrath of its muslim customers, particularly on the micro-blogging site, Twitter, after one of the bank’s senior managers reportedly asked Muslim staff members in her unit not to perform their Friday prayers. It was gathered that in a leaked email, one of the bank’s supervising staff had said the bank did not have a policy that allows employees to go for religious activities during work hours. The mail read, “Dear all, it has been observed that on Fridays, you leave…

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GTBank’s ‘You Read’ initiative hosts Damilare Kuku at book reading event

Jasmin Ekua, Banking & Finance

Booklovers in Lagos were treated to an afternoon of uplifting creative interactions at a book reading event organized by Guaranty Trust Bank (Guaranty Trust) on Sunday, October 9, 2022, at the Herbert Macauley Library, Yaba. The event is an offshoot of Guaranty Trust’s You Read initiative which aims to champion continuous learning and promote a reading culture across Africa as part of its CSR policy. The selected literature for the book reading was, Nearly All the Men in Lagos Are Mad by Damilare Kuku – a work of fiction that…

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FirstBank Partners Junior Achievement Nigeria to Implement 22nd National Company of the Year Competition

Jasmin Ekua, Banking & Finance

First Bank of Nigeria Limited has partnered with Junior Achievement Nigeria to implement the 22nd National Company of the Year (NCOY) competition which will be held on Thursday, 13th October 2022. The annual flagship event which was last held physically in 2019 will bring together 12 winning student companies from the Regional Company of the Year competition to compete for the National Company of the Year award sponsored by First Bank of Nigeria Limited. The winner of the National Company of the Year competition will proceed further to represent Nigeria…

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FirstBank: A triumphant Return to the Nigerian Banking Frontline

Jasmin Ekua, Banking & Finance

The story of Corporate Nigeria in 2022, cannot be complete without a chapter on the incredible performance of First Bank of Nigeria Limited, which saw the hitherto encumbered bank now returning to the top of the ladder of the Nigerian banking industry, amid a harvest of international laurels, writes Festus Akanbi By December this year, Nigerian quoted companies will begin to upload their full year 2022 results in compliance with the dictates of the principle of disclosures to regulators, investors and customers as enshrined in the act of Corporate Governance.…

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Dangote Group distorting facts, did not pay for Obajana Cement Company -Kogi State

Jasmin Ekua, Banking & Finance

The Kogi Government has again debunked claims by the Dangote Group that Obajana Cement Factory is owned, 100 percent, by the conglomerate, insisting that there was no valid acquisition. The state government, in a statement issued by the Information Commissioner, Kingsley Fanwo, in Lokoja on Friday, claimed that Dangote Group was distorting facts about the acquisition of the company. The government had vowed to recover all accrued dividends from profits made over the years by the Dangote Group, including accrued interests on same. “As a first step, the Specialised Technical…

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How Dangote burrowed N63bn with Kogi Govt. C of O to buy Obajana Cement -Kogi State Govt alleges

Jasmin Ekua, Banking & Finance

Kogi State government through the Secretary to the State Government, Folashade Ayoade has insisted that Dangote Industries did not pay the state government for the acquisition of the Obajana Cement Company Plc. The revelation was contained in documents presented to the public to back up Kogi State’s ownership of the facility which has pitched the state on warpath with the world’s richest black man, Aliko Dangote. The document reads “there is no evidence of consideration paid by Dangote Industries Limited to Kogi State Government from the alleged transfer of Obajana…

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Food crisis looms as Olam’s Africa’s largest rice farm is flooded in Nasarawa

Jasmin Ekua, Banking & Finance

Rice one of Nigeria’s most common staple food may go off the table due to price increases during the approaching festive season as a massive flood ravaged Africas’s largest rice farms operated by Olam Nigeria in Nasarawa state. In a chat with Channels Television, the farm’s Chief Agronomist, Dr Umar Ismaila, said more than 4,000 hectares of farmland has been submerged due to the floods. Although the level of damage cannot yet be ascertained until the water recedes, Dr Umar said the incident will have an implication on Nigeria’s food…

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FirstBank commemorates 2022 ‘Customer Service Week’

Jasmin Ekua, Banking & Finance

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its commemoration of the 2022 edition of the Customer Service Week scheduled to be globally celebrated on 3 – 7 October 2022. The event themed: “Celebrating Service” will be marked across its FBNBank subsidiaries in over half a dozen countries which include FBNBank UK, FBNBank Ghana, FBNBank Senegal, FBNBank Gambia, FBNBank Guinea, FBNBank DRC and FBNBank Sierra Leone. Customer Service Week is an international celebration that highlights the importance of customer service and staff who…

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Sterling Positions For Expansion With New Structure

Jasmin Ekua, Banking & Finance

With the unanimous support received from her shareholders, Sterling Bank, soon to be known as Sterling Financial Holdings Company, is firmly positioned to expand her financial services footprint from traditional banking and deliver more value to her shareholders. According to the publicly available filings reviewed from the website of the Nigerian Exchange Limited (NGX), upon final ratification by the regulators, the commercial banking subsidiary of the holding company, Sterling Bank; will continue to operate with its current name as a limited liability company, with shares transferred from the publicly traded…

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FirstBank partners Verve Int’l to create millionaires in Verve Card Promo

Jasmin Ekua, Banking & Finance

In partnership with FirstBank – Nigeria’s premier and leading financial inclusion services provider – Verve International, Africa’s leading payment technology and card business, has launched its third National Consumer promo designed to reward users of FirstBank verve card with exciting gifts and cash prizes to appreciate their patronage and use of the card to carry-out their electronic banking transactions. The ongoing 2-month promo will end on 30 October 2022 as 20 customers (10 customers per month) with the highest transaction count during the promo will be made millionaires, winning the…

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Union Bank, WACOT Rice Kick Off Financial Inclusion Drive for Smallholder Farmers in Kebbi

Jasmin Ekua, Banking & Finance

As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State. The Kebbi Financial Inclusion Drive (KFID) which will cover four Local Government Areas – Argungu, Augie, Suru, and Dandi – is a critical part of WACOT’s Argungu Outgrower Expansion Project funded by the United States Agency for International Development (USAID) West Africa Trade Hub. This program is set to resolve the overwhelming…

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Non-oil exports key to Nigeria’s economic rejuvenation, stakeholders assert at Zenith Bank’s seminar

Jasmin Ekua, Banking & Finance

Stakeholders unanimously called for support of Nigeria’s Non-Oil Export Sector at the 7th Annual Edition of the Zenith Bank International Trade Seminar themed “Unlocking Opportunities in Nigeria’s Non-Oil Export Business”, which was held on Wednesday, July 20, 2022, at the Civic Centre, Victoria Island, Lagos and virtually. In his Goodwill Message Presentation, the Founder and Chairman of Zenith Bank Plc, Mr. Jim Ovia, CON, called for a concerted effort towards diversifying Nigeria’s export base through the promotion of non-oil exports. Highlighting the importance of non-oil export to the nation’s economy,…

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ZENITH BANK HOLDS 7TH ANNUAL TRADE SEMINAR ON NON-OIL EXPORT

Jasmin Ekua, Banking & Finance

The 7th Annual Edition of the Zenith Bank International Trade Seminar will be held on Wednesday, July 20, 2022, at the Civic Centre, Victoria Island, Lagos, and virtually by 9.00 am. The seminar, themed “Unlocking Opportunities in Nigeria’s Non-Oil Export Business”, is part of Zenith Bank’s efforts to support the Central Bank of Nigeria (CBN) initiatives to grow the country’s non-oil export sector. The seminar will draw participation from trade practitioners, local and foreign exporters, manufacturers, financial institutions, and government agencies. This forum would provide an opportunity for all participants,…

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UBA opens branch in Dubai

Jasmin Ekua, Banking & Finance

Africa’s global bank, United Bank for Africa (UBA) has officially opened a new branch in Dubai, the United Arab Emirates (UAE). The Nigerian tier-1 bank is extending its operations to the oil-rich Middle East country with the official launch of its new branch at the Dubai International Financial Centre (DIFC) in Dubai. Speaking about the unveiling of the new branch, Tony Elumelu, Group Chairman, United Bank for Africa, in a post on his verified Twitter handle, said what started as an ambitious dream is today a reality as the bank…

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Union Bank Releases 2021 Citizenship, Sustainability, Innovation Report

Jasmin Ekua, Banking & Finance

… Highlights Commitment to Environmental, Social Impact Lagos, Nigeria – Leading financial institution, Union Bank, has today released the 6th edition of its annual Citizenship, Sustainability and Innovation (CSI) report, which provides an update on the bank’s initiatives across environmental, social and economic areas during 2021. Like previous editions, this year’s report highlights Union Bank’s continued efforts toward positively impacting the people and communities it serves through sustainable and responsible business practices, while also driving innovation. In 2021, the bank focused on community-led projects which directly impacted the lives of…

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“Brands to wear Badge of Honour from Consumers” -Ekine, CVA Boss

Jasmin Ekua, Banking & Finance

The management of Consumers Value Broadcasting, organizers of the Consumers Value Awards, has announced that the collation of votes is ongoing with the formal announcement and presentation of awards to winners on 24th August 2022 at the prestigious Ijakadi Hall; Radisson Blu Ikeja.The last three months of April, May and June witnessed an extensive campaign of the Consumers Value Award websites asking consumers to cast votes for brands of repute based on the experiences of individual consumers.Consumers responded to the call to action with vote casting on the platform for…

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Union Bank’s Save & Win Promo Returns! More Customers to be Rewarded With Over 55 Million Naira

Jasmin Ekua, Banking & Finance

Lagos, Nigeria –  Union Bank has announced the return of the Save & Win Promo, its flagship campaign aimed at rewarding new and existing customers with cash rewards and other gift items worth over N55,000,000.  Following a successful first season, this second edition of the nationwide campaign which coincides with the  Bank’s 105th anniversary will benefit more customers to appreciate them for their support and loyalty over the years.  Speaking on the reason for the campaign’s rerun, Lola Cardoso, Union Bank’s Head, Retail Banking & Digital said: “Union Bank is…

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Female banker absconds after swindling customers N300m

Jasmin Ekua, Banking & Finance

Favour Fame-Eruagbere, a staff of Sterling Bank Plc, Effurun, Delta State Branch, is currently on the run after allegedly defrauding customers of the bank of the sum of N300 million, SaharaReporters reported. The female bank worker was said to have approached some account owners to grant her permission to use their money for business, while she would be giving each of them a certain percentage every month. It was discovered last week by one of the customers, that the woman stopped coming to work and an attempt to reach her on…

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FirstBank strengthens role in gender inclusion with single-digit loan for women

Jasmin Ekua, Banking & Finance

The FirstGem fund (FirstGem loan) is a single-digit loan scheme, exclusively designed to put women at an advantage in contributing to the socio-economic development of the country. The loan scheme covers female-owned or partnered SMEs in various sectors of the economy Launched in 2016, FirstGem has been impactful in driving financial inclusion, influencing women’s empowerment through gender-advancement programmes like savings culture, financial literacy, wealth management and building an investment portfolio. In furtherance of its role in promoting female entrepreneurship across the country, Nigeria’s premier banking institution and leading financial inclusion…

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