Nigeria’s Stanbic IBTC wins big at Euromoney Awards
Businessam Staff
August 1, 2018
Stanbic IBTC Capital Limited, a member of Stanbic IBTC Holdings Plc., has emerged the best investment banking institution in Nigeria at the Euromoney Awards for Excellence 2018 held in London recently. Standard Bank, to which the Stanbic IBTC belongs, was also voted Africa’s best bank for wealth management. The award ceremony had almost 700 leading […]
Fire outbreak: Ecobank MD, Kie commends fire service
Adesola AfolabiJuly 31, 2018
Charles Kie, the managing director of Ecobank Nigeria has commended the responsiveness of Lagos State fire service, Lagos State Emergency Management Agency (LASEMA) response unit and the federal fire service for promptly putting out a fire outbreak at the bank’s Lagos head office. “We commend the fire service personnel for their diligence, expertise and bravery […]
Supreme Court dismisses Ecobank’s appeals against Honeywell over N3.5bn debt
Adesola AfolabiJuly 31, 2018
The N3.5 billion debt dispute between Honeywell and Ecobank took a new turn recently when the Supreme Court dismissed all three appeals filed by Ecobank against Honeywell for lack of merit. In a unanimous decision by the judges of the apex court, the court ruled that Ecobank’s appeals were frivolous. The court of appeal on […]
GTBank unveils digital payment solution for international passports
Adesola AfolabiJuly 31, 2018
GTBank has partnered with New Works Limited and the Nigeria Immigration Service (NIS) to deliver a digitalised end-to-end process for Nigerians to apply for their international passports online and also make payments at the official rates online. This multi-channel payment system will enable Nigerians to apply for all international passport types (new and renewals) online […]
Union Bank reports positive retained earnings first time in 6yrs
Adesola AfolabiJuly 26, 2018
Unaudited half-year financials for Union Bank Nigeria Plc. has shown positive metrics across major parameters with specific improvements in the bank’s balance sheet, which closed the period with positive retained earnings for the first time since 2012. According to Oyinkan Adewale, the bank’s chief financial officer, for the first time since 2012 the group’s retained […]
Nova boosts operations with Intellect Digital Core banking solution
Businessam StaffJuly 23, 2018
Nova Merchant Bank Limited has announced the adoption of a new banking solution, the Intellect Digital Core (IDC) banking platform to boost its operations and enhance its product offerings to its customers. The bank, which began operations last year, has embraced this solution in line with its focus of being the dominant leader in the […]
FirstBank moves to deepen intercontinental partnerships with China
Adesola AfolabiJuly 23, 2018
First Bank of Nigeria Limited has announced strategic steps it is taking to deepen the intercontinental partnerships with its Chinese business forum. The bank it is positioning to offer benefits to its customers from the recent swap deal conducted between China and Nigeria, especially through its Beijing representative office opened 8 years ago. The Central […]
Protests at our Lagos offices handiwork of few disengaged drivers of vendor companies, says Fidelity Bank
Businessam StaffJuly 18, 2018
Fidelity Bank said few disengaged drivers of their vendor companies were the masterminds of protests at some of its Lagos offices Wednesday, and that the bank is not owing staff salaries as has been alleged by the protesters. In a statement made available to business a.m., the bank said, “Our attention has been drawn to […]
Wema bank grows profit 28.8% in H1 2018
Adesola AfolabiJuly 17, 2018
Wema Bank Plc. has reported a 28.8 percent increase in its profit for half-year ended June 30, 2018. Profit for the bank grew from N1.2 billion in June 2017 to N1.6 billion in June 2018 on account of a 526 percent boost in net trading income and a N12.5 million or 2.5 percent decline in […]
Sterling Bank announces board appointments
Afolabi OluwaseunJuly 11, 2018
Sterling Bank Nigeria Plc. has announced the appointment of two directors following approval by the Central Bank of Nigeria (CBN). The two new directors are Folasade Kilaso as a non-executive director and Michael Ajukwu as an independent director. Folasade Kilaso is a Nigerian and UK qualified solicitor, who studied law at the University of Kent, […]