Zenith Bank’s Ebenezer Onyeagwu Emerges Best Banking CEO in Africa

By Modupe Gbadeyanka Momentum is already gathering for the 2023 edition of Hackaholics Digital Summit organised by Wema Bank Plc, owners of the foremost digital lending firm, ALAT by Wema. The event is dubbed Africa’s largest gathering of innovators, disruptors, regulators, policymakers, investors & customers in the digital space. A statement from the bank disclosed that this year’s programme will take place in Lagos on Friday, October 6, with attendance by invitation only, though interested customers and technology enthusiasts can secure a spot by registering at https://hackaholics.wemabank.com/digital-summit. The theme, according to the organisers, is Re-Imagine: Disrupting the Ecosystem for Scale,

By Dipo Olowookere The acquisition of the United Kingdom subsidiary of Union Bank of Nigeria Plc, Union Bank UK, by Fidelity Bank Plc, has been completed. Fidelity Bank is a tier-2 financial institution in Nigeria, intending to move to the tier-1 category. Over a year ago, the lender announced that it was planning to take total control of Union Bank UK as part of its growth strategy. The Central Bank of Nigeria (CBN), a body which regulates the country’s banking industry, authorised Fidelity Bank to go ahead with the deal. In a disclosure on Wednesday, the bank said it has

By Modupe Gbadeyanka It was a double reward for a foremost microfinance institution, Advans Nigeria, at the recently concluded Marketing Edge Awards in Lagos. The firm, a subsidiary of Advans Group, was announced as the Most Innovative Microfinance Bank of the Year and the Most Customer-centric Microfinance Bank of the Year. The double awards are coming after the organisation was recently named as The Best in Retail Banking of the Year at the Pan African International Award. Advans Nigeria won the accolades due to its top-notch financial services and unwavering commitment to its customers. “We are immensely proud to receive

By Dipo Olowookere The month of November 2018 has been fixed for the AMEC’s Measurement Month, with about 86 countries participating from 5th to 30th of the month. The AMEC’s Measurement Month is an annual educational programme aimed at up skilling communications and measurement practitioners while showcasing global best practice would be held in Nigeria. Hosting the programme in Nigeria is an independent PR measurement and evaluation agency in the country, P+ Measurement Services. A statement from the agency disclosed that it would be joining other Africa countries to simultaneously host the event. Championing the Measurement and Evaluation cause in

By Dipo Olowookere A total turnover of 960.9 million shares worth N18.3 billion in 16,896 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 892.7 million equities valued at N13.1 billion that exchanged hands the previous week in 15,607 deals. The Financial Services Industry (measured by volume) led the activity chart with 774.1 million shares valued at N9.2 billion traded in 10,637 deals, contributing 80.56 percent and 50.44 percent to the total equity turnover volume and value respectively. The Conglomerates industry followed with 54.8 million shares worth

By Adedapo Adesanya The Naira weakened at the opening trading session of the week against the US Dollar at the parallel market segment of the foreign exchange market on Monday, June 28. The local currency depreciated by N2 against the greenback to sell for N502/$1 compared with N500/$1 it traded last Friday. However, at the same unregulated segment of the market, the local currency closed flat against both the Pound Sterling and the Euro, trading at N710/£1 and N600/£1 respectively. It was a different outcome for the domestic currency at the Investors and Exporters (I&E) window as it appreciated by

By Modupe Gbadeyanka Governor Godwin Obaseki of Edo State has inspected land preparation for the cultivation of a 725-hectare maize farm project located in Sobe, Owan West Local Government Area of the state. Mr Obaseki said the project would be fully mechanised with the support of the Nigerian Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). While addressing newsmen after inspecting the maize farm, the Governor said the state government has secured funding from the Central Bank of Nigeria (CBN) to run the project. He expressed satisfaction with the progress of work done and availability of inputs for the farmers

By Dipo Olowookere Commercial motorists in Oyo State have been advised to adhere strictly to domestic safety rules to avoid electrical hazards. This advice was given by the Ibadan Electricity Distribution Company (IBEDC) in commemoration of the 2021 World Safety and Health Day. The Chief Operating Officer of IBEDC, Mr John Ayodele, while speaking at a programme held for commercial drivers in Ibadan tagged Domestic Safety Sensitisation, stressed the need to think about safety first, make it a priority and realise that safety is very important in all the franchise areas of IBEDC. Mr Ayodele, who was represented at the

By Adedapo Adesanya Shares of FrieslandCampina WAMCO Nigeria Plc depleted by 9.09 per cent or 10.00 at the National Association of Securities Dealers (NASD) Over-the-Counter (OTC) Securities Exchange on Monday. This came on the back of a threat from a skit maker, Mr Chukwuemeka Emmanuel, otherwise known as Sabinus, of a lawsuit to the tune of N1 billion over the alleged use of a trademarked phrase, something hooge, for a campaign. The comedian claimed his slang was used to promote an initiative through one of its flagship products, Peak Milk, to “drive engagements on the product’s verified Instagram @peak_milk on

By Aduragbemi Omiyale No fewer than 352 Nigerians, who are mainly underprivileged individuals, have been enrolled on annual health insurance plans by employees of Keystone Bank Limited. The enrolment was done through The Health Insurance Project of the bank’s Employees Volunteering Scheme (EVS) designed to address the need for accessibility to quality healthcare by vulnerable Nigerians. The beneficiaries were drawn from Abeokuta (Ogun State), Ibadan (Oyo State), Ilesha (Osun State), Nyanya (Abuja) and Yenagoa (Bayelsa State). The EVS is an integral part of the lender’s corporate social responsibility strategy which encourages its workers to be involved in voluntary socially impactful

By Dipo Olowookere In order to help private healthcare providers in Nigeria deliver access to affordable healthcare services to citizens, Access Bank and GE Healthcare have agreed to work together. Through the partnership, the two organisations will provide sustainable healthcare equipment financing to the private healthcare providers. It was gathered that borrowers will be able to secure loans of up to $800,000 negotiable, based on the customer requirement, with Access Bank providing access to loans for eligible healthcare providers, while GE Healthcare will support the program through provision of GE healthcare equipment and technical support. The equipment under the partnership