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MTN Nigeria plans to spend an estimated N600 billion on technical infrastructure over the next three years as it looks to expanding its network coverage across the country by 2024 Speaking at its first public Annual General Meeting which held in Lagos on Friday, the CEO, MTN Nigeria, Ferdi Moolman said: “Due to the nature of our business, we always ... Read More »

Zenith General Insurance Limited has released its full-year financial statements for the year ended 31 December 2019. A review of the results showed positive improvements on a year-on-year basis with profit before tax rising by 16% from N3.16bn to N3.67bn while profit after tax rose by 10% up from N2.79bn to N3.06bn. The company also maintained a robust balance sheet ... Read More »

.... sells FX to SMEs, education sectors As part of proactive measures to cushion the effect of the COVID-19 and revamp the nation’s dwindling economy, Heritage Bank is set to disburse the N100billion set aside by the Central Bank of Nigeria (CBN). This is in line with the apex bank’s policy to introduce another intervention scheme directed to the health ... Read More »

 Ecobank Nigeria has reiterated that its agency banking scheme, also known as Xpress Points, is building entrepreneurs and pushing financial inclusion to the large unbanked and under-banked population in Nigeria. The Ecobank Xpress Point enables eligible Agents to carry out financial transactions on behalf of Ecobank and earn commission on every transaction  processed. The consumer experience is very good as customers can do ... Read More »

  Wigwe, Access Bank’s Group Managing Director’s entry into banking, one may say, was not by chance, nor accidental. Looking back at his meteoric rise and achievements within the space of time he began his banking career in Guaranty Trust Bank Limited (GTBank) and now, it would be safe to deduce that he has accounted well for his time so ... Read More »

Since its establishment in 1894, FirstBank has consistently built relationships with her customers, focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and effective leadership. These, amongst others, are the reasons the Bank has dominated the financial market for over 126 years. The Bank has led the financing of private investment in infrastructural development in the ... Read More »

One of the most immediate impacts of the Pandemic is the fact that the oil price crash will have negative implications for banks’ revenue targets. “In terms of banking, the drop in the price of crude is affecting directly the exposure that banks have created in the oil and gas sector. Revenues are challenged now, no doubt. And you have ... Read More »

57 trainees, who represent batch seven set of graduates being absorbed into Ecobank Nigeria as full time employees  were last week hosted to a virtual graduation ceremony by the Ecobank Academy – the first of its kind by the bank in Nigeria as it positions itself as a high quality employer ready for the opportunities of a post-COVID19 lockdown. In ... Read More »

In light of the sharp dwindling in the global economy occasioned by Covid-19 pandemic, the MD/CEO of Heritage Bank Plc, Ifie Sekibo disclosed that with partnership, truth, character and rigorous commitment to businesses, the micro, small and medium enterprises (MSMEs) stand to revamp the nation’s economy for sustainable growth. He also stated that evidences have shown that for SMEs to ... Read More »

Nigeria’s leading financial inclusion services provider, First Bank of Nigeria Limited has announced that its *894# Unstructured Supplementary Service Data (USSD), Quick Banking service has hit over 9.5 million customers. This is in clear demonstration of its acknowledged leadership in electronic Banking. The Bank’s USSD banking service, launched in January 2015, is an easy to use, convenient, fast, user-friendly mobile banking channel through which various banking activities are carried out on a mobile phone – across the four major GSM network operators in the country – without the use of the ... Read More »