UBA to Carry Out Service Maintenance on Sunday

By Aduragbemi Omiyale Zenith Bank Plc has taken a huge step to establish a subsidiary in France, and to make this a reality, it has sealed a Memorandum of Understanding (MoU) with the French government. The Chairman of the company, Mr Jim Ovia, confirmed that the lender may commence operations in the European nation next year, though it is working hard to secure a banking licence. This will add to other countries Zenith Bank has presence in, including Ghana, Sierra Leone, The Gambia, and a Representative Office in China. Speaking at a signing ceremony on Friday, November 24, 2023, Mr

By Bliss Okperan A digital investment platform known as AltInvest has been introduced by a new kid in the banking industry in Nigeria, Alternative Bank. According to the non-interest lender, which commenced operations in October 2023, the new product empowers individuals to navigate seamlessly the investment world, blending ethical and digital features for increased accessibility. At the unveiling of the innovative financial solution at the 44th Kano International Trade Fair, the company also launched another produced AltBiz, which it said caters to the financial needs of businesses, offering a comprehensive suite of services to fuel growth, innovation, and sustainability. “These

Access Bank Plc has brought the Christmas Season of Giving closer to its customers nationwide with its AccessMore -12 days of Christmas campaign where 100 lucky customers stand a chance to win N10,000 vouchers every day. This was disclosed yesterday, at a press conference held at the financial institution’s Head office in Lagos to flag off the campaign tagged “AccessMore 12 Days of Christmas” leveraging the XtraWins promotion.  The campaign will run from December 1 to December 12, 2023. Group Head, Consumer Banking, Access Bank Plc, Njideka Esomeju confirmed to newsmen that the campaign was launched to celebrate the holiday

By Modupe Gbadeyanka Like a golden fish, which has no hiding place, Stanbic IBTC Capital, the investment banking subsidiary of Stanbic IBTC Holdings, was the cynosure of all eyes at the recently concluded Association of Issuing Houses of Nigeria (AIHN) Investment Banking Dinner and Awards ceremony. At the event held in Lagos, the company went home with five awards, named as the Best Investment Bank in Nigeria, the Equity Deal of 2022, the Best Equity House of 2022, the Best Corporate Bond House 2022 and the M&A Deal of the Year 2022. The recognitions spread across Stanbic IBTC Capital’s Advisory,

By Dipo Olowookere and Adedapo Adesanya Fidelity Bank Plc has announced its intention to approach the international capital market again for a fresh Eurobond worth $500 million. A notice to the Nigerian Exchange (NGX) Limited signed by the company secretary, Ezinwa Unuigboje, disclosed that the unsecured and unsubordinated notes would carry a maturity of five years and would rank parri passu with all other previous papers sold by the lender. In the disclosure, Fidelity Bank said the Securities and Exchange Commission (SEC) has given its approval for the transaction to go ahead as it “has no objection” to it. The

By Dipo Olowookere Four companies in Lagos and Port Harcourt in Rivers State were yesterday sealed by officials of Federal Inland Revenue Service (FIRS). The affected firms were shutdown over their failure to meet their tax obligations totalling N630 million. The sealed firms were Charcoal and Spices Restaurant Limited, GRA, Port Harcourt; Cioscon Nigerian Limited at 14 Aba Road, Port Harcourt; Joza Global Service at 18, Ribadu Road, Ikoyi, Lagos; and Spog Petrochemicals Limited situated at 50d, Glover Road, Ikoyi, Lagos. Leader of the FIRS enforcement team in Port Harcourt, Mrs Anita Erinne, disclosed that the companies would be unsealed

By Modupe Gbadeyanka The planned protest against the President Muhammadu Buhari-led administration for Monday, February 6, 2017, has kicked off in Lagos at the National Stadium in Surulere. Protesters converged at the stadium as instructed by organisers to march to the National Theatre in Iganmu, where the demonstration will terminate. As early as 9am, some of the demonstrators arrived the venue despite heavy security deployed to the area led by the Commissioner of Police in Lagos State, Mr Fatai Owoseni. Some of the protesters carried placards asking “where is the President?” “All Nigerians’ Lives Must Matter” and others. As at

By Aduragbemi Omiyale Shelter Afrique has announced the appointment of Mr Thierno-Habib Hann as its new chief executive officer, replacing Mr Andrew Chimphondah, who left the company early this year. A statement from the Nairobi-based pan African housing development financier disclosed that Mr Hann brings to the company over 20 years of experience in housing finance, capital markets and structured finance. According to the chairman of Shelter Afrique, Mr Ephraim Bichetero, the selection of the new CEO was very competitive, based on merit and competence. He is expected to strengthen governance, be an embodiment of the values of the organisation

By Modupe Gbadeyanka A report jointly released by Ghana’s Ministry of Finance and the UN-based Better Than Cash Alliance has revealed that the West African nation can save GHS 250 million (nearly $60 million) each year, which may result in more than GHS 1 billion ($230 million) by 2020 if it continues with progress made by embracing digital payments. The report documented Ghana’s progress in creating an economy where everyone can pay and get paid digitally, instead of cash. The results show the country has made significant gains, including almost 100 percent of government payments to people and payments within

By Dipo Olowookere A former employee of Skye Bank Plc has been declared wanted by the Economic and Financial Crimes Commission (EFCC). The banker identified as Mrs Omosalewa Ayinla was said to have been involved in a treasury bills fraud worth N27 million. According to the EFCC, the fugitive “allegedly forged treasury bills certificates worth N27 million and handed them over to a customer in exchange for the sum.” The woman is now being wanted by the anti-graft agency in a case of conspiracy, forgery and obtaining money under false pretences. It was disclosed that “efforts to execute a duly

By Dipo Olowookere It was a poor start to the week on the floor of the Nigerian Exchange (NGX) Limited on Monday as the market closed the session 0.38 per cent lower. Sustained selloff by investors waned on the local bourse, though high-net-worth individuals (HNIs) and institutional investors pushed the level of transactions higher. Business Post observed that despite the decline suffered by the market yesterday, the activity chart was bullish and this was mainly from the cross deals witnessed during the session which came from FBN Holdings, GTCO and Lafarge Africa. At the close of business, a total of