Heritage Bank joins WHO to advocate zero malaria by 2030
Omobayo AzeezApril 28, 2020
By Omobayo Azeez Heritage Bank Plc has joined the world to commemorate the 2020 World Malaria Day, amid fears that paying much emphasis on the novel Coronavirus Pandemic could reinforce progress on the mosquito-borne disease, especially in Africa. The theme of the World Malaria Day 2020 is entitled, “Zero Malaria Starts with Me,” which is […]
COVID-19: FirstBank reinforces e-banking offerings; appreciates customers
Omobayo AzeezApril 13, 2020
By Omobayo Azeez First Bank of Nigeria Limited has reassured its customers of reinforcement of its electronic banking offerings to support them with real time financial services solution as the restrictions triggered by Coronavirus in the country continue. The bank, in a statement released recently and signed by Adesola Adeduntan, its chief executive officer, hailed […]
COVID-19: Ecobank commends doctors, nurses, others
Businessam StaffApril 9, 2020
Patrick Akinwuntan, managing director, Ecobank Nigeria, has commended those contributing to keeping the country safe as the world battles the dreaded Coronavirus pandemic. According to him, this group of people have continued to put the needs of others first and show sacrificial love to support the country’s effort at containing the scourge, stressing that, the […]
UBA to donate N5b for fight against COVID-19 in Africa
Businessam StaffMarch 26, 2020
United Bank for Africa Plc (UBA) has donated over N5bn ($14 million) through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus (COVID-19) global pandemic. Nigeria and 19 other African countries will benefit from the support targeted at supplying relief materials, critical care facilities and financial support to governments. […]
Ecobank targets import, export with regional trade forum
Omobayo AzeezFebruary 24, 2020
By Omobayo Azeez Ecobank has announced its readiness to host Nigeria’s 2020 Regional Trade Forum in Lagos to promote importation and exportation ends of Nigeria’s economic spectrum. According to the lender, the forum taking place in March will be a two-day event, providing the opportunity for exporters and importers within the African region to exhibit […]
Wema Bank extends valentine promo
Kenneth AforFebruary 18, 2020
Kenneth Afor Wema Bank and its subsidiary, ALAT, Africa’s first fully digital bank say they are extending their valentine reward promo till end of February. The banks are rewarding their customers who use the platform and other services channels this valentine season with special gift cards. Customers who would emerge winners via a raffle draw […]
Standard Chartered Bank takes up deal to finance $1.46 billion rail project in Tanzania
Samson EchenimFebruary 18, 2020
By Samson Echenim The Government of Tanzania Ministry of Finance has signed a facility agreement with Standard Chartered (SC.com) Tanzania for a $1.46 billion term loan financing to fund the construction of the Standard Gauge Railway (SGR) project from Dar es Salaam to Makutupora. Running approximately 550 kilometres long, the SGR project is one of […]
Mastercard beats profit estimates on strong holiday season spending
Businessam StaffJanuary 29, 2020
Mastercard Inc beat Wall Street estimates for quarterly profit on Wednesday as customers spent more on its cards during the U.S. holiday shopping season, boosting fees for the world’s second-largest payment processor. The company’s gross dollar volume, the dollar value of transactions processed, rose 12% to $1.73 trillion in the fourth quarter. U.S. retail sales, a […]
FirstBank supports schools with N10bn loan
Businessam StaffJanuary 21, 2020
By Omobayo Azeez
Union Bank plans to raise N20bn from institutional investors, HNIs via CPs
Businessam StaffJanuary 21, 2020
Union Bank Plc has concluded plans to raise N20 billion from institutional investors and high net-worth individuals (HNIs) via the issuance of commercial papers. The bank made the announcement in a regulatory filing with the Nigerian Stock Exchange (NSE) Monday. According to the filed document, funding raised via the CP is expected to provide the […]