FIRSTBANK CLINCHES THE PRESTIGIOUS CORPORATE BANK AWARD AT THE 2023 EUROMONEY AWARDS FOR EXCELLENCE

FirstBank, Nigeria’s premier financial institution and financial inclusion services provider, was announced as the Best Corporate Bank at the recent prestigious Euromoney Awards for Excellence, Nigeria 2023. The Bank clinched the coveted award based on its 130-year commitment to enabling its corporate customers achieve success through relevant and tailored financial solutions. FirstBank’s continuous investment in technology has been crucial to its leading industry role in optimally meeting the needs of its corporate customers. Recent investments in technology include the development of its smart and interactive Transaction Banking Platform known as…

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FIRSTBANK SET TO REWARD CUSTOMERS WITH 36 MILLION NAIRA IN THE SECOND SEASON OF ITS FIRSTMOBILE CASH-OUT PROMO

FirstBank has launched the second season of its Cash Out promo designed to reward users of FirstMobile, its industry-leading mobile banking solution. The FirstBank Cash Out Promo 2.0 which began on Monday, 15 January 2024, ends on Friday, 15 March 2024, and is open to new and existing customers. Leading up to the grand finale – with 1 million naira up for grabs – the promo comprises three distinct categories, each offering attractive rewards comprising N10,000 worth of airtime and data, N20,000.00, and N100,000.00 respectively. In the first category, 100…

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Pictures: High emotions, tears, as Abiodun, Dangote, Aig-Imoukhede, others visit Herbert Wigwe’s parents

Emotions ran high as billionaires wept freely as the Ogun State Governor, Dapo Abiodun and the President/Chief Executive Officer, Dangote Group, Aliko Dangote, alongside other associates paid a condolence visit to the parents of the late GCEO, Access Holdings Plc., Herbert Wigwe, on Monday. The Ogun State governor, Dapo Abiodun posted images from the visit on his Facebook account on Monday. The PUNCH reports that Wigwe, his wife, Doreen; son, Chizi; and a former Group Chairman of Nigerian Exchange Group, Abimbola Ogunbanjo, lost their lives in an helicopter crash which…

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Why we settled for Bolaji Agbede as Wigwe’s successor – Access Holdings explain

The appointment of Ms. Agbede is in alignment with our robust succession planning practices. We are strongly convinced that Ms. Agbede, being the company’s most Senior Executive with exceptionally rich, professional and leadership experience and understanding of the Access culture

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Wigwe: ACAMB mourns a fearless and visionary leader

It is with profound sadness and a heavy heart that The Association of Corporate & Marketing Communications Professionals in Nigeria Banks (ACAMB) extends its deepest condolences to Access Holdings Group on the tragic passing of its esteemed CEO, Dr. Herbert Wigwe, CFR. The renowned business and corporate leader, along with his beloved wife, Doreen, and their cherished son, Chizi, lost their lives in a tragic helicopter crash in the United States of America. Dr. Herbert Wigwe, affectionately known as ‘The Fearless One,’ was a visionary leader whose indomitable spirit, dedication,…

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Wigwe: Access Holdings release official statement

Access Holdings has confirmed the death of its Group Chief Executive Officer (CEO) Herbert Wigwe. Wigwe died in a helicopter crash on Friday with his wife, son, and a former Group Chairman of the Nigerian Exchange Group Plc, Abimbola Ogunbanjo. The bank in a statement on Sunday signed by the Company’s Group Secretary, Sunday Ekwochi, confirmed the unfortunate incident. “It is with deep sadness that the Board of Directors of Access Holdings Plc (‘the Company’) announces the passing of Dr. Herbert Wigwe, CFR, the Company’s founding Group Chief Executive Officer…

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Wigwe, family and friends, in US to watch American Super Bowl, as details emerge of chopper crash

More details have emerged on the ill-fated crash of a chopper that had Herbert Wigwe, group chief executive officer (GCEO) of Access Holdings Plc, wife – Chizoba, son and three others on board. THE WITNESS learnt that Abimbola Ogunbanjo, the former group chairman of Nigerian Exchange Group Plc (NGX Group), and two others (yet to be identified) were also onboard the helicopter when it crashed in California near the Nevada border. The United States federal aviation administration (FAA) said the Eurocopter EC130 helicopter crashed around 10 p.m. California time (Saturday,…

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Access Holdings Herbert Wigwe, wife, 5 others missing after helicopter crash

Herbert Wigwe, the Group Chief Executive Officer of Access Holdings Plc, was involved in a helicopter crash in the United States, on Friday. Wigwe, his wife and son were in the helicopter when it crashed in California near the Nevada border, as well as Abimbola Ogunbanjo, the group chairman of Nigerian Exchange Group Plc (NGX Group). A close source confirmed the development on Saturday evening. Six passengers were onboard, however, no survivors found so far.

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Breaking: FBN Holdings name Femi Otedola as chairman

FBN Holdings Plc, a leading financial institution in Nigeria, has named businessman, Mr. Femi Otedola as the new Chairman of its Board of Directors. Otedola will succeed Alhaji Ahmad Abdullahi as the company’s chairman. FBN Holdings confirmed the appointment in a notice signed by the company’s Acting Secretary, Adewale Arogundade, and sent to the Nigerian Exchange Group (NGX) on Wednesday evening. The appointment, according to the company, took effect from January 31. FBN Holdings commended the outgoing chairman for guiding it through numerous challenges and maintaining its stature in the…

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Access Bank acquires controlling shares in Ugandan bank

Access Bank, the lead subsidiary of Access Holdings Plc, has entered into a transaction with the Ugandan-based Finance Trust Bank Limited and its shareholders for the acquisition of a majority equity stake in FTB. According to a statement signed by the Company Secretary, Sunday Ekwochi, which was filed with the Nigerian Exchange Limited on Wednesday, the proposed acquisition is subject to regulatory approval. In recent days, Access Holdings had moved to expand its business segments with the acquisition of an insurance brokerage firm, Megatech Insurance Brokers Ltd and the floating…

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Union Bank pledges seamless service as new management resumes

Union Bank of Nigeria has reassured its partners, customers and critical stakeholders of continued excellent service and seamless operations following the recent appointment of its new Managing Director/Chief Executive Officer, Yetunde Oni, by the Central Bank of Nigeria (CBN). The bank assured its customers that as a long-standing financial institution in the Nigerian banking industry, it will continue to provide top-quality services and products while operating under the best tenets of corporate governance as enshrined within the guidelines of the CBN. Under its new leadership, the bank pledged to sustain…

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EFCC arrests another minister for N3.6bn fraud

The Economic and Financial Crimes Commission has arrested a former Minister of Commerce and Industry, Charles Ugwu, for alleged conspiracy and loan fraud to the tune of N3.6 billion. Ugwu was appointed minister by late President Umaru Yar’Adua and was sacked after a cabinet reshuffle that affected 19 other ministers. According to a statement by the Head of Media and Publicity of the commission, Dele Oyewale, on Monday, the ex-minister was arrested with Chief Geoffrey Ekenma on January 11, 2024, at No.2, Musa Yar Adua Way, New Owerri, Imo State.…

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Afreximbank, UBA announce $2.25b disbursement under syndicated $3.3b crude oil prepayment facility

African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3b crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25b has been made. A second tranche of US$1.05 billion is expected to be disbursed subsequently. This landmark financing is Nigeria’s largest crude oil prepayment facility and one of the largest syndicated loans raised in Africa in 2023. Investors were keen to consider ticket sizes of US$250m and US$500m amidst current headwinds and year-end pressures in the loan markets. The five-year facility carries…

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HabariPay’s Squad Launches Take on Squad Hackathon 1.0 for Young Innovators

In line with its mission of empowering businesses and young innovators across Africa, HabariPay’s Squad has announced the launch of its first-ever hackathon, “Take on Squad Hackathon 1.0.” The social coding event is scheduled to hold on January 19th and 20th 2023, at the state-of-the-art GTCO Training Complex, Tayo’s Plaza, Abeokuta, Ogun State. Take on Squad Hackathon 1.0 is targeted at young innovators in universities and other tertiary institutions in Nigeria and challenges competing teams to create innovative solutions to problems within their immediate community as well as the wider…

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How Globus Bank female marketer committed suicide inside office

Amarachi Ugochukwu, a female marketing employee of Globus Bank, Ikorodu branch, Lagos State, has committed suicide while at work in the office. The deceased, 32-year-old Amarachi Ugochukwu, was said to have drunk an insecticide. PUNCH Metro learnt that the incident happened on Monday within the premises of the bank. Ugochukwu had around 1pm made her way into the restroom, where she drank the insecticide, unknown to her colleagues. Father Who Loses Daughter To Suicide In UK Bares It All | Punch0:11 / 1:01 Other members of staff had started looking…

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CBN’s hammer hits Polaris, Titan, Union and Keystone Banks BoDs

The Central Bank of Nigeria has, with immediate effect, sacked the entire Board of Directors of Polaris, Titan, Union and Keystone Banks. CBN sources say the decision was taken in a meeting led by the apex bank’s governor, Yemi Cardoso, on Wednesday in Abuja. The source, who spoke on condition of anonymity, hinted that an official statement dissolving the board of directors will be released shortly. The source said, “In the next hour, there is going to be official communication from the bank. We are working on it and an…

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Our CEO not arrested by EFCC -Zenith Bank

Zenith Bank Plc has dismissed as entirely untrue reports on the purported arrest of its Group Managing Director, Dr. Ebenezer Onyeagwu, in a section of the media. The reports had claimed Dr Onyeagwu was among bank CEOs arrested by the EFCC in connection with alleged fraud at the Ministry of Humanitarian Affairs. The bank however clarified that the GMD was neither arrested nor detained by the EFCC or any other anti-graft agency, adding that he is currently fulfilling his duties and responsibilities as the Group Managing Director of Zenith Bank Plc.…

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ACAMB releases Abdul Imoyo’s burial plans

Association of Corporate & Marketing Communications Professionals in Banks in Nigeria (ACAMB) has announced the burial details for its distinguished Publicity Secretary, Mr. Abdul Kolawole Imoyo, who passed away in the early hours of Sunday, December 17, 2023, at First Cardiology, Ikoyi, Lagos, after a brief illness. Mr. Imoyo, a highly regarded Corporate Media Manager and Journalist, leaves behind a legacy of excellence in the field of Corporate Communications. Mr Rasheed Bolarinwa, the President of ACAMB, said in a statement that the burial arrangements, as communicated by the Imoyo family,…

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Adeduntan: FirstBank is future-proof and remains committed to the gold standard of excellence in banking

* With over 4.6 trillion-naira loans to customers in Q3 2023, FirstBank is committed to economic growth and transformation. At the dawn of the new year, it is natural for the Nigerian banking sector operators to anticipate dynamic shifts in regulations, increased digital innovations, and a focused approach toward sustainable growth and financial inclusion, while both the government and private sector eagerly anticipate the banking industry’s pivotal role in driving economic resilience, fostering innovation, ensuring regulatory compliance, and spearheading inclusive financial initiatives to bolster national development. As a mark of…

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Beneficiaries protest alleged rip-off as banks begin COVID-19 loan recovery

Commercial banks have commenced a massive recovery of the loans disbursed to Nigerians to cushion the economic impact of the coronavirus pandemic. Several beneficiaries have been jolted by the deductions of thousands of naira from their bank accounts without any notice from the banks. The loan was disbursed to households and Micro, Small and Medium Enterprises affected by the COVID-19 pandemic by the Central Bank of Nigeria through the commercial banks in 2021. The fund, which was managed by the NIRSAL Microfinance Bank, received thousands of applications, charged at five…

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DECEMBERISSAVYBE: “SICKLE CELL DISEASE COULDN’T STOP ME FROM BECOMING A ROCKSTAR”, ADEKUNLE GOLD INSPIRES YOUTHS AT FIRSTBANK SPONSORED LAGOS CONCERT

Afrobeat’s sensation, Adekunle Gold, popularly known as AG Baby, mesmerised hundreds of music lovers and inspired youths at a pre-Christmas concert sponsored by FirstBank, Nigeria’s premier financial institution. The event, aptly named “Stacked December Party,” took place on December 22, 2023, at the Palms Shopping Mall in Lekki, Lagos. Adekunle Gold, with his unique blend of breathtaking and soulful melodies, captivated the audience, leaving them in awe and begging for more. The concert, titled “An Intimate Encounter with Adekunle Gold,” provided a platform for the superstar to connect with his…

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DecemberIssaVybe: FirstBank sponsors Kakadu the Musical

First Bank of Nigeria Limited has announced its sponsorship of Kakadu the Musical, a theatre production from the stables of Playhouse Initiative. The play, which is set to return to stage from 28 to 30 December 2023 at the Shell Hall, MUSON Centre, Lagos, is among the activities lined up in the 2023 edition of FirstBank’s annual DecemberIssaVybe.  Written and produced by Uche Nwokedi, Kakadu the Musical is a reverberating drama of survival and hope that trails the journey of four friends from different tribes – Emeka, Kola, Osahon and Dapo alongside their…

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Zenith Bank wins Euromoney 2023’s digital solution award

Zenith Bank Plc has been named the “Best Bank for Digital Solutions in Nigeria” in the Euromoney Awards for Excellence 2023, underscoring the bank’s pioneering and outstanding achievements in delivering cutting-edge digital financial solutions. Speaking on the recognition, the Group Managing Director/CEO of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, said, “We are delighted to receive the distinction as the Best Bank for Digital Solutions in Nigeria. This accolade serves as a validation of Zenith Bank’s trailblazing initiatives in integrating advanced technology within Nigeria’s financial services sector. Our commitment to expanding…

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Emefiele opened 593 foreign bank accounts in China, UK, US -Reports

In a startling revelation, a presidential panel investigating the activities of the Central Bank of Nigeria (CBN) under the tenure of former Governor Godwin Emefiele has uncovered unauthorised investments of Nigeria’s funds in 593 foreign bank accounts across the United States, China and the United Kingdom. This was part of the final report that the special investigator appointed by President Bola Tinubu in July, Jim Obazee, submitted recently. The findings suggest that Emefiele, during his term, allegedly directed substantial sums to these accounts without the necessary authorisations. The investigative report…

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UBA gifts N36m to customers in Super Saver Promo

In line with its usual custom of rewarding loyalty especially during the yuletide season, Africa’s Global Bank – United Bank for Africa (UBA) Plc- has rewarded its loyal customers in the just concluded UBA Super Savers Draws giving out over N36million in cash prizes Others were Musa Abdulhamid; Paul Peter; Sarah Olabanke Olawunmi; Do-Ere Ekpe; Nduka Paul; Ijeoma Loveday Ndumechi; Idris Muhammed; Chinonye Christabella Olumba; Ossai, Josephine Oluchukwu; Gift Rhoda Adode; Felix, Felicia; Nwakaego Sunday; Okwudiri Victor Nwankwo; Peter Enyo-Ojo Alfa; Blessing Damilola Alao and Gbolahan John Ayanlowo When contacted…

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ZENITH BANK JOINS WORLD FINANCE 100 LISTING FOR 2023

Zenith Bank Plc has been listed in the World Finance 100 2023 released by World Finance Magazine, achieving the feat as the only Nigerian company in the prestigious and exclusive listing. Zenith Bank’s inclusion in this elite list underscores the bank’s outstanding achievements and resilience in a dynamic and competitive global market.The World Finance 100 celebrates companies that have reached the pinnacle of achievement across a wide variety of fields of expertise. Each year World Finance compiles the list of 100 companies, purely based on excellence in their field. The…

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Abdul Imoyo: ACAMB issues statement, seeks respect for family’s privacy

The Association of Corporate & Marketing Communications Professionals in Banks in Nigeria (ACAMB) is deeply saddened to announce the passing of its esteemed Publicity Secretary, Mr. Abdul Kolawole Imoyo. Mr. Imoyo, a highly regarded corporate media manager and Journalist, breathed his last in the early hours of Sunday, December 17, 2023, at First Cardiology, Ikoyi, Lagos, after a brief illness. In a statement signed by ACAMB’s President, Rasheed Bolarinwa, on behalf of the Executive Committee and entire members of the Association, it says until his untimely demise, Mr. Imoyo served…

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DECEMBERISSAVYBE: FirstBank celebrates female singers, sponsors A Night of Queens’ concert

By Bolaji Israel It promises to be a spectacular celebration of extraordinary talent as FirstBank, Nigeria’s premier bank takes centre stage as the lead sponsor of the highly anticipated ‘A Night of Queens’ concert. The all-female showcase of musical and creative talents will take place on Sunday, December 17th, 2023, at the prestigious Eko Convention Centre in Victoria Island, Lagos. In collaboration with Livewire Concerts, an international entertainment company in Nigeria, FirstBank aims to create a lasting impression on the audience with this groundbreaking flagship musical event. The energy, excitement,…

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Imoyo, Access Holdings head of media is dead

Abdul Imoyo, a public relations expert and journalist has passed on. Until his death, Imoyo was the Head of Media Relations at Access Holdings Plc, the parent company of Access Bank. A statement issued by Tunde Imoyo, on behalf of the family, said he died in the early hours of Sunday, December 17, 2023, at the First Cardiology, Ikoyi, Lagos, after a brief illness. The statement reads: “It is with deepest sorrow that we inform you of the death of our beloved Husband, Father, Brother and Uncle, Abdul Kolawole Imoyo,…

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FIRSTBANK DECEMBERISSAVYBE: Asake kicks off 2023 superstar concerts, events

By Bolaji Israel FirstBank, Nigeria’s premier financial institution, is set to ignite the annual DecemberIssaVybe fun time energy with the sponsorship of heavyweight sensational Nigerian singer, Asake’s super star musical concerts in Abuja and Lagos. Asake also known as Mr Money, an award-winning singer and the rave of the moment, famed for his monster global Afrobeat hit songs, will be performing in Abuja on Friday, 15th December at Harrow Park. The Lonely At The Top crooner will be kicking off to a great start in the lineup of super star…

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CBN issues new directives to banks amidst naira scarcity

The Central Bank of Nigeria (CBN) has suspended the charging of processing fees of 2 percent and 3 percent previously charged on all cash deposits above N500,000 and N3,000,000 by individuals and corporates respectively, with immediate effect. This was disclosed in a statement on Monday by the Acting Director, Banking Supervision, Dr Adetona Adedeji. According to the statement, the suspension shall remain in effect until April 30, 2024. Recall the processing charges imposed on cash deposits aboveN500,000 for individuals and N3,000,000 for corporates as contained in the ‘Guide to Charges…

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CBN orders Banks to disconnect Opay, Palmpay Kuda others from transfer list

Banks have been asked to disconnect Switches, Payment Solution Service Providers, and Super Agents from the Nigeria Inter-Bank Settlement System Instant Payment Outwards System. The NIBSS disclosed this in a circular dated December 5, 2023, with Ref: NIBSS/BD/NI/PO/005/051223 to banks. According to the national payment infrastructure company, the listing of non-deposit-taking financial institutions as beneficiaries contravenes the Central Bank of Nigeria guideline on electronic payment. It said, “This is to bring to your attention that listing non-deposit-taking financial institutions such as Switching Companies, Payment Solution Service Providers, and Super Agents…

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Huge crowds besiege banking halls as CBN issues directives on BVN, NIN

Huge crowd besieged banking halls on Monday, as customers moved to link their Bank Verification Numbers and National Identity Numbers to their bank accounts. This followed the new directive of the banking regulator to the banks on Friday, to bar customers who were yet to link their BVN and NIN from having access to their accounts. CBN said in its new directive that existing customers must, “Ensure all operated accounts/wallets created through agents, are fully profiled in the NIBSS ICAD and tagged with valid and correct BVN and/or NIN.” It…

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FirstBank UK Adopts Bloomberg TOMS to Optimize Fixed Income Workflow

Bloomberg announced today that FirstBank UK Limited (FirstBank UK),the UK subsidiary of First Bank Nigeria Limited, the premier West African bank,has adopted Bloomberg’s Trade Order Management System (TOMS). By integrating TOMS into its workflow, FirstBank UKwill have access to a comprehensive suite of data and analytics, communications,as well as order and execution management solutions, enabling it to streamline its fixed income bonds business. FirstBank UKis a niche market-maker to its customers in Africa. The business provides market liquidity in cash bonds, primarily in Nigerian, Angolan, Egyptian and Ghanaian Eurobonds to…

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Wins Bank of the Year Africa 2023, as subsidiaries in Africa come top

Africa’s Global bank, United Bank for Africa (UBA) Plc, has again demonstrated its prowess on the international stage as it clinched nine prestigious awards at The Bankers Awards 2023, organized by The Banker Magazine – a publication of Financial Times of London, the world’s leading business newspaper. The prestigious awards presented to the Bank at a ceremony in London, United Kingdom on Thursday, included the highly coveted Bank of the Year Africa 2023, solidifying UBA’s position as the leading financial institution on the African continent. The Bank’s subsidiaries also emerged…

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Zenith Bank signs MOU with CFA Institute to boost financial expertise

Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the Chartered Financial Analyst (CFA) Institute to promote efforts and activities that support the formation, training, and updating of human capital in finance and investment for the overall development of the Nigerian financial services sector.The MoU, was signed by the Group Managing Director/CEO of Zenith Bank Plc, Dr. Ebenezer Onyeagwu; the President/CEO of the CFA Institute, Margaret Franklin; and the President of CFA Society Nigeria, IbukunOyedeji on Tuesday, November 28, 2023. Speaking at the MoU signing ceremony, the Group…

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Union Bank, Universal Green Energy Announce Partnership To Propel Renewable Energy Market In Nigeria

Luxembourg based Universal Green Energy Access Programme (UGEAP), and Union Bank of Nigeria have formalised the basis for a strategic partnership to catalyse the development of the renewable energy market in Nigeria. This collaboration, marked initially by a Memorandum of Understanding (MoU), aims to drive sustainable energy access for households and small and medium businesses across Sub-Saharan Africa, primarily focusing on Nigeria. UGEAP, a 15-year blended finance facility, is dedicated to supporting the transition to sustainable energy. The United Nations Green Climate Fund (GCF) has committed the anchor investment to…

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Fidelity Bank announces Fidelity Family Weekend Fiesta

In the spirit of the Yuletide, leading financial institution, Fidelity Bank Plc, has announced plans to host the maiden edition of the Fidelity Family Weekend. Scheduled to hold on Saturday, 16 and Sunday, 17 December 2023 at the Fidelity Grounds, Oniru, Victoria Island, Lagos, the event is designed to create a fun and relaxed atmosphere for children to play, parents to relax and young adults to unwind during the festive season. “The Yuletide season is all about coming together and spending quality time with loved ones especially as we wind…

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Zenith Bank signs MOU with France. Make entery into EU

Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the French Government to establish a subsidiary of Zenith Bank Plc in France. The MoU, which was signed by the Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, and the French Minister for Trade, Attractiveness and French Nationals Abroad, Mr. Olivier Becht on Friday, November 24, 2023, will enable Zenith Bank, through its wholly owned subsidiary, Zenith Bank (UK) Limited, to seek and secure the requisite regulatory approval from the Autorite’ de Controle Prudentiel et de Resolution…

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Mega crisis hits Coronation Merchant Bank over weak capital base

Stakeholders of Coronation Merchant Bank (CMB) are worried over the going concern of the financial institution as it struggles to stay afloat over its weakened capital position. This is even as the Long-Term Issuer Default Rating (IDR) of the bank has been downgraded by Fitch Ratings to ‘CC’ from ‘B-‘, with its Viability Rating (VR) also lowered to ‘cc’ from ‘b-‘. In a note released on Monday, the rating agency said it also demoted the bank’s National Long-Term Rating to ‘B+(nga)’ from ‘BBB-(nga)’, raising some red flags that prompted its…

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Osunkoya, Access Holdings chairman is dead

Access Holdings Plc, has announced the death of the chairman of its board of directors, Bababode Osunkoya. According to a statement filed with the Nigerian Exchange Limited on Thursday night, Osunkoya died after a brief illness on Tuesday. The statement signed by the company secretary, Sunday Ekwochi, said that “Consequent upon the tragic event, the company now has a nine-member board comprising of six non-executive directors (two of whom are independent) and three executive Directors inclusive of the group chief executive officer.” The company revealed that the board will announce…

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Zenith Bank’s Tech Fair 2023 props up nee tech talents with cash prizes

The Third Edition of the Zenith Bank Tech Fair, themed “Future Forward 3.0”, which was held on November 23-24, 2023, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos has concluded. From the over 500 contestants that participated in the Zenith Hackathon (Zecathon), Sync, a team collaboration and workflow management platform that provides synergy, enables project management, task planning, messaging, payments, scheduling and people operations, emerged as the overall winner, taking home the grand prize of N20 million. This is in addition to a mentorship programme with…

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Zenith Bank holds “Future Forward 3.0” in Lagos

The Third Edition of the Zenith Tech Fair, tagged “Future Forward 3.0”, is set to be held on Wednesday, November 22 and Thursday, November 23, 2023, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos, from 8.00 a.m. to 6.00 p.m. daily. The Two-Day fair will showcase leading technology innovations that cut across different aspects of life, such as Artificial Intelligence, Contactless Payments, Cybersecurity, Cloud Computing, FinTech, Data Analytics, Financial Intelligence, and communication technologies. The event will feature pitch sessions to identify innovative startups, panel discussions, masterclasses…

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350 debtors owe N3.9tr to outweight 11,650 others in AMCON’s

The House of Representatives have asked the leadership of the Asset Management Corporation of Nigeria (AMCON) to release the list of its 350 top debtors at a Bankers’ Summit being planned by the legislators. AMCON data showed that 350 of its 12,000 total debtors owe 84 per cent of N4.7 trillion cumulative debts to the corporation. The chairman House of Representatives Committee on Banking and Other Ancillary Institutions, Hon. Eze Nwachukwu Eze, disclosed this at the first 10th House of Representatives Committee’s retreat with the management of AMCON held at…

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FIRSTBANK REWARDS CUSTOMERS WITH 170,000,000 WORTH OF CASH PRIZES IN ITS WIN BIG PROMO

FirstBank, Nigerias premier financial institution and leading financial inclusion services provider, has launched the Win Big promo to reward and delight its valued customers. The four-month promo, which started on 23 October 2023 and will run till 23 February 2023 will reward several new and existing customers of the Bank with a total cash reward of 170,000,000.00 naira. At the end of the four-month promo, 1,240 new and existing customers would have been rewarded with N100,000.00 each as each month will have 310 new and existing customers winning N100,000. Up…

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Breaking: SEC halts trading of Tingo Group shares to protect investors

America’s Securities and Exchange Commission (SEC) has suspended trading activity for Tingo Group on the stock exchange. Tingo is a Nigeria-focused agriculture company that claims to provide a marketplace and payment services for farmers in the country. The self-described “agri-fintech” company is listed on the NASDAQ, which requires it to comply with US regulations and corporate governance standards. However, Tingo has been the subject of controversy following a June 2023 report by Hindenburg Research alleging its business in Nigeria is a fraud. Hindenburg Research is an American short-seller that bets…

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Tinubu seals multi-billion dollar funding with IDB in Saudi

President Bola Tinubu has advanced negotiations concerning a multi-billion dollar finance from the Islamic Development Bank management to fund infrastructure projects in Nigeria. This was disclosed in a statement signed by his Special Adviser, Ajuri Ngelale, on Tuesday, November 14. The statement read, “President Bola Tinubu, on Monday night, in Mecca, Saudi Arabia, advanced negotiations concerning a multi-billion dollar infrastructure finance facility from the Islamic Development Bank to fund a multi-sectoral portfolio of infrastructure projects at the federal and sub-national levels in Nigeria. “This development was the outcome of substantive…

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UBA gets Afreximbank’s $150m trade finance facility

United Bank for Africa (UBA) Plc, Africa’s Global Bank, has received a trade finance facility worth $150 million from the African Export-Import Bank The facility forms part of Afreximbank’s Ukraine Crisis Adjustment Trade Financing Programme for Africa (AKAFPA), and the signing ceremony for the trade finance was concluded, by both institutions, on the sidelines of the ongoing Intra-African Trade Fair, organised by Afreximbank in Cairo on Saturday. The terms of the agreement states that the facility will be utilised to finance trade and trade-related transactions in support of UBA’s Clients.…

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