Fidelity promotes healthy well-being in Ondo in CSR drive
Businessam StaffFebruary 22, 2018
Fidelity Bank Wednesday in Akure, Ondo state continued its corporate social responsibility (CSR) drive when it donated three fully equipped sanitary facilities to the government of the state. The bank said in a statement that the move was in keeping with its promise to continually enhance the health and overall well-being of communities where it […]
UBA contactless cards hit industry high of 3m
Businessam StaffFebruary 19, 2018
United Bank for Africa (UBA) Plc. says it has issued of over three million near field communication (NFC) technology enabled contactless cards to its teeming customers. The contactless cards, introduced in 2015, are a revolution in the payments landscape in Nigeria in 2015, which enable customers to pay with ease by leveraging the NFC technology. […]
GTBank reduces transfer fee to other banks on *737# service
Kayode OgunwaleFebruary 15, 2018
Guaranty Trust Bank Plc. has announced significant reduction in it USSD (*737#) money transfer charge to the other banks. The lender in a mail sent to its customers Thursday informed them of the reduction in the convenience fee when they transfer money to other banks using *737# service. “This means that you will now pay […]
Access Bank appoints Bajomo executive director
Jerome UshakangJanuary 5, 2018
Access Bank Plc. has announced the appointment of Adeolu Bajomo as executive director, information technology, and operations. The bank in a statement said his appointment has received regulatory approval as he replaced Ojinika Ofaghere who has resigned from the position. Prior to the appointment, Bajomo was executive director, market operations, and technology at the Nigerian […]
Barclays expects $1.3bn writedown from U.S. tax reform
Businessam StaffDecember 27, 2017
Barclays expects to take a writedown of about 1 billion pounds ($1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul, the bank said in a statement on Wednesday. The reform of the tax system signed into law by President Donald Trump on Dec. 22 will force the British lender […]
Wema Bank partners Petrolex on $300m tank farm
Jerome UshakangDecember 20, 2017
Wema Bank Plc has disclosed that it is partnering with Petrolex, an indigenous oil and gas company to set up $300million mega tank farm. Olusegun Oloketuyi Managing Director/Chief Executive Officer Wema Bank Plc, said the bank’s involvement bank’s involvement in part-financing the largest Tank Farm in sub-Saharan Africa further reaffirms its commitment to play a […]
CIBN accredits Union Bank‘s Academy
Businessam StaffDecember 4, 2017
The Chartered Institute of Bankers of Nigeria, (CIBN) has approved the training Academy of Union Bank of Nigeria Plc and awarded it full accreditation status. The bank in a statement said the development was in recognition of its compliance with regulatory standards and best practices. It added that the accreditation underscores the bank’s commitment to […]
Access Bank targets 30m clients in fresh 5-year expansion strategy
Businessam StaffDecember 4, 2017
Access Bank Plc has launched a five-year strategy to achieve 30 million customer- base and to rank as number one bank in Nigeria in terms of returns on equity. Addressing Financial Analysts and Market operators at the Nigerian Stock Exchange (NSE), Herbert Wigwe, chief executive officer and group managing director of Access Bank, said “the […]
Barclays announces final sale of stake in its African division
Businessam StaffDecember 1, 2017
Barclays will sell a 7 percent stake in Johannesburg-based Barclays Africa Group on December 5, the British bank said on Friday, according to Reuters, the latest and likely last in a series of such sales as it ends more than 90 years as a major presence on the continent. Barclays said after the sale its […]
Fidelity Bank rewards loyal customers at Lagos fair
Businessam StaffNovember 8, 2017
Fidelity Bank Plc is rewarding loyal customers at the ongoing 2017 Lagos International Trade Fair holding at the Tafawa Balewa Square (TBS), Lagos. As part of the financial institution’s ongoing loyalty scheme for its retail customers, 10 lucky beneficiaries – 5 FPSS account holders and 5 SWEETA account holders – will be presented with cheques […]