First Bank Holds FinTech Summit Wednesday

By Modupe Gbadeyanka A global provider of audit and certification services, MSECB, has issued a certification to Access Bank Plc for its Anti-Bribery Management System. The certification was issued to the Nigerian lender after implementing effective measures and fostering a culture of integrity within its system and operations. With this certification, Access Bank aims to provide its customers with the highest level of confidence in the bank’s unwavering integrity, assuring them of its zero-tolerance policy for bribery and ethical misconduct, thus fostering a positive relationship, and building trust and credibility among its stakeholders, including customers, partners, and investors. The bank

Agriculture is not just an industry; it’s the lifeblood of nations. It fuels economies, nourishes communities and sustains livelihoods. Access Bank, a leading financial institution in Africa, understands the vital role agriculture plays in the nation’s prosperity. In a bold move that underscores its unwavering commitment to fostering agricultural growth and ensuring food security in Nigeria, Access Bank is proud to announce the grand relaunch of its Agriculture Desk. The enhanced desk is aimed at empowering farmers, agribusinesses and the agriculture sector as a whole. For years, Access Bank has been at the forefront of supporting agriculture and agribusiness in

By Modupe Gbadeyanka A partnership for the deployment of a patronage reward product has been entered into between Unity Bank Plc and Cashtoken, a cash reward-as-a-service company that operates a loyalty programme designed to power customer engagement and improve customer satisfaction. This collaboration will see the bank’s customers winning millions of Naira in cash rewards and guaranteed instant cashback. A statement issued by Unity Bank said this scheme provides an opportunity to migrate old and new customers to a platform that will continually create exciting rewards and appreciation for loyalty. It said this initiative would not only reward existing customers

By Modupe Gbadeyanka The Head of Partnerships at Stanbic IBTC Bank Limited, Ms Omolara Osunsoko, has posited that any economy that intends to flourish must do everything possible to support business owners, especially those in the Small and Medium Enterprises (SMEs) sector. The banker said this at a webinar organised to inform participants of a seamless payment experience for business owners through the enhanced Enterprise Online (EOL) payment platform. At the event themed Simplifying Payments for Businesses, the company unveiled EOL 2.0, an upgraded solution created to facilitate a smooth payment experience and improve human resources (HR) services for business

By Adedapo Adesanya Oil dipped more than 3 per cent on Monday as the market was faced with weak economic data from China and an oversupply in the United States as a result of lower demand. Consequently, the price of the Brent crude dropped $2.34 or 3.1 per cent to trade at $73.07 per barrel, while the West Texas Intermediate (WTI) lost $2.53 or 3.4 per cent to settle at $71.42 per barrel. In the world’s largest exporting nation, China, factory activity growth slipped sharply in July as demand contracted for the first time in more than a year, in

By Dipo Olowookere Safaricom has announced plans to recruit 62 interns by January 2017 as it progresses its agenda to woo more women to the technology field. The internships will target 40 female university students under its Women In Technology initiative, with a further 18 internships open to all university applicants and an additional four internships that will be filled through the Association for the Physically Disabled of Kenya. “Our technology internship program is built on the knowledge that in order to continue Transforming Lives, we must continue to invest in building capacity to manage cutting edge technologies,” said Thibaud

With the growth of industrialisation, globalisation, advances in technology, and rapid communication, it is evident that the world’s energy needs will only increase. In fact, according to statistics, electricity demands alone rising twice as fast as the overall energy use, and by 2040, it is likely to increase even more. The issue surrounding who consumes the most energy depends on the type of energy. Currently, China is leading the world when it comes to electricity consumption, while the United States consumes the most oil. Canada uses an energy mix of hydroelectricity, oil, natural gas, nuclear, among others. And as things

By Dipo Olowookere The entire issued share capital of First Aluminium Nigeria Plc has been removed from the trading platform of the Nigerian Stock Exchange (NSE). This followed the request made by the board of the company that all the shares should be delisted from the daily official list of the exchange. In April 2019, the board of the aluminium firm had explained that the firm was exiting the stock exchange due to inactivity on the shares of the company as well as the inability of the current listing to help in realizing the corporate objectives of the company are

By Dipo Olowookere Access Bank Plc has announced the appointment of Dr Gregory Ovie Jobome as its Executive Director in charge of Risk Management Division. In a statement issued from the bank, it described Dr Jobome as a thorough bred banking professional with excellent academic pedigree. The appointee is said to have obtained a First Class degree in Economics from the University of Maiduguri in 1986 and a Distinction in Master of Business Administration from the Obafemi Awolowo University in 1990. He also obtained a Master of Science Degree (1994) and a Doctorate Degree (2002) both in Economics and Finance

By Kestér Kenn Klomegâh African Union (AU), an organization uniting 55 independent African states, has consistently focused on women’s empowerment, supporting their status and fighting for their basic civil rights. African women, in practical terms, remain overwhelmingly important on AU’s agenda and its activity these several years. Chairperson of the African Union Commission, Mousa Faki Mahamat, on Women’s Day 2023, has stressed critical ways to bridge the gender digital divide and make women play important roles across Africa. Mousa Faki Mahamat expressed strong delight that this year’s celebration with all members of the African Union, having launched the implementation Roadmap

By Dipo Olowookere The local currency put up a good performance this week against the Dollar across the foreign exchange market segments. At the Investors & Exporters (I&E) window, the Naira went up by 0.59 percent to close at N362.79 per Dollar, while at the interbank market, it appreciated by 0.09 percent to finish at N357.97 to a Dollar. At the parallel market, the local rose this week by 0.28 percent to settle at N362 to the Dollar. During the week, the Central Bank of Nigeria (CBN) supplied the sum of $210 million to the forex market via the Secondary

By Adedapo Adesanya The federal government has announced that after six years, it would be halting the conditional cash transfer scheme, which it claims two million Nigerians have benefited from since President Muhammadu Buhari launched it. This was disclosed by the head of the National Cash Transfer Office (NCTO), Mr Ibraheem Adam, in an interview with the News Agency of Nigeria (NAN) at the virtual International Financial Conference in Abuja on Thursday. He noted that the programme, which is expected to end by December 31, 2022, enrolled beneficiaries from the rural areas across 36 states of the federation and the