Banking Archives — Page 50 of 59

October 21, 2016 No Responses

AfDB approves $40m loan for Afe Babalola University

The Board of Directors of the African Development Bank (AfDB) Group has approved an eight-year $40-million corporate loan to the Afe Babalola University (ABUAD) in Ado Ekiti (Nigeria), to finance part of the university’s expansion plan. According to the...

October 21, 2016 No Responses

UBA, MEC, unveil revolutionary Omni-Channel Payment System, EmailMoni

MEC Incorporated has entered into agreements with United Bank for Africa (UBA) Plc to provide a revolutionary email-based billing, payment and banking software system called “EmailMoni.” EmailMoni, according to UBA represents the world’s...

October 18, 2016 No Responses

Fidelity Bank empowers 500 unemployed youths in Kebbi State

Fidelity Bank Plc in strategic partnership with Gazelle Academy and Waziri Umaru Federal Polytechnic, Birnin Kebbi has empowered 500 Nigerians with entrepreneurial skills. The programme, which is part of the Bank’s Corporate Social Responsibility (CSR) ini...

October 14, 2016 No Responses

‘FirstBank now sole Foreign Exchange Dealer to BDCs’

The Central Bank of Nigeria (CBN) has announced FirstBank the sole authorized dealer for foreign exchange proceeds to licenced Bureau de Change (BDC) operators in Nigeria. According to First Bank, the announcement is coming on the heels of the...

October 13, 2016 No Responses

CBN faults report on Banks, caution against exceeding $50,000 annual limit on overseas withdrawal

No Nigerian Bank is in crisis, the Bankers Committee said on Wednesday after its 329thmeeting in Lagos. Briefing Journalists after the meeting, the Director, Banking Supervision of CBN, Tokunbo Martins described negative reports on the state of Nigerian Ba...

October 13, 2016 No Responses

UBA profit hits N62 Billion in nine months

Leveraging its expansive footprint, pan-African banking group, United Bank for Africa Plc (UBA), has announced its unaudited Third Quarter Financial Results, showing a 7% year-on-year growth in profit before tax to N62 billion despite the challenging macro-...

October 8, 2016 No Responses

Ecobank renews partnership with Global Fund

Ecobank Transnational Incorporated has renewed its partnership with the Global Fund to Fight AIDS, Tuberculosis and Malaria for a further three years. Ecobank in a statement on Friday explained that the relationship between the two organisations began...

October 8, 2016 No Responses

Sukuk Issuance: SEC lauds CBN’s approval of guidelines for granting liquid assets to States

The Securities and Exchange Commission (SEC) has notified issuers and investors that the Central Bank of Nigeria (CBN) has approved “Guidelines for Granting Liquid Asset Status to Sukuk Instruments Issued by State Governments”. In a statement on Fri...

October 8, 2016 No Responses

Heritage Bank seeks sustained support for firms

As part of measures to create wealth for individual customers, Heritage Bank recently took advantage of customers’ service/appreciation week to organise a business fair to celebrates the business activities of various customers. The fair which t...

October 8, 2016 No Responses

FirstBank partners NESG on 22nd economic summit

Inline with commitment to drive financial inclusion and sustainable national economic development, First Bank of Nigeria Limited and FBN Merchant Bank Limited have partnered the Nigerian Economic Summit Group to host the 22nd Nigerian Economic Summit (NES#22) ...

October 6, 2016 No Responses

Heritage Bank sponsors African Fashion & Design week

Heritage Bank Plc will be the lead sponsor of the 2016 African Fashion and Design Week (AFDW) titled “Be Inspired”. Already, Media personalities, Sika Osei and Uti Nwachukwu have been unveiled as the official hosts for the event. African Fashion and...

October 6, 2016 No Responses

UBA Photo News

L-R: Ace Comedian, Ali Baba; Film Producer, Zeb Ejiro; CNN Anchor, Zain Asher; Renowned Actress, Joke Silva; Minister of Information, Culture and Tourism , Alhaji Lai Mohammed; Chairman Heirs Holdings and Founder, The Tony Elumelu Foundation(TEF), Mr. Tony...

October 5, 2016 No Responses

‘Partnership with Tony Elumelu Foundation will lift creative industries’

The partnership between the Federal Ministry of Information and Culture and the Tony Elumelu Foundation will help to re-position the Creative Industries in Nigeria, the Minister of Information and Culture, Alhaji Lai Mohammed, has said. Speaking at a cere...

October 1, 2016 No Responses

LCCI Photo News

Chairman of UBA, Mr Tony Elumelu and Chairman and President, Lagos Chamber of Commerce and Industry [LCCI], Dr Mrs Nike Akande, at at a Business Forum organised by US-Africa Business Center and Thomson Reuters in New York, United States, recently.