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Business

August, 2015

  • 3 August

    NAME & SHAME: Fidelity, Union, Other Banks List Debtors

    Godwin-Emefiele

    Banks are exposing the businesses and people behind the mountain of debts threatening to kill the sector  – courtesy of a Central Bank of Nigeria (CBN) directive that expired at the weekend. Barring unforeseen developments, some of the banks will begin the publication of their debtors’ list today. The publications are coming on the heels of the July 31, 2015 ...

July, 2015

  • 30 July

    Access Bank’s Customers’ Trust Boosted With Moody’s First-Time Rating

    herbert wigwe

    Access Bank Plc, (Bloomberg: ACCESS NL; Thomson Reuters: ACCESS.LG) (“Access Bank” or the “Bank”), a leading full service commercial bank with headquarters in Nigeria, and operations across major cities and commercial centres in Sub-Saharan Africa, the UK and China, today announces its first-time credit rating by Moody’s Investors Service. Moody’s, a top three global leading rating agency, has assigned first-time ...

  • 29 July

    Access Bank MD Excited Over Euromomey Awards As Best Flow House In Africa

    herbert wigwe

    Access Bank Plc has emerged winner of the Best Flow House in Africa accolade in the Euromoney Awards for Excellence 2015, which held at the Natural History Museum in London on Thursday. It is the first time an African Bank will be recognised as winner of this highly sought award.  Access Bank’s win comes in recognition of the Bank’s increasing ...

  • 29 July

    UBA Gladdens Shareholders Hearts With 23% From 3.3Billion Right Issue

    Phillips Oduoza, UBA - MD

    Shareholders of United Bank for Africa, UBA Plc, who subscribed for the bank’s rights issue in February, have earned more than 23 per cent capital gain. UBA had between December 2014 and February 2015 sought to raise N11.5 billion new equity funds from existing shareholders through a rights issue of one ordinary share for every 10 ordinary shares at a price ...

  • 10 July

    Zenith Bank Clear Leadership Reinforced By 3 Certifications At A Go!

    New-Zenith-Boss, Peter Olisamedua Amangbo

    For the first time in the history of the country, Zenith Bank plc has further solidified its leadership as it last week achieved three certifications from the British Standards Institution (BSI). The certifications are the Information Security Management System ISO/IEC 27001:20013; IT Service Management System ISO/IEC 20000-1:2011 and Business Continuity Management System, ISO 22301:2012. The milestone demonstrates Zenith Banks continual ...

  • 10 July

    UBA GMD, Phillip Oduoza Excited Over Right Issues, Praises Shareholders.

    Phillips Oduoza, UBA - MD

    United Bank for Africa (UBA) Plc has raised N11.5 billion in a recent rights issue to shareholders. The bank made the announcement following the approval of the Central Bank of Nigeria and the Securities and Exchange Commission on its equity offering of one ordinary share for every existing 10 units at a price of N3.50 each. The offer was fully ...

June, 2015

  • 24 June

    Zenith In Fantastic Lead As Most Actively Traded Stocks, Emerges NSE Most Capitalised

    New-Zenith-Boss, Peter Olisamedua Amangbo

    Based on its positive performance for a period of 15 months, Zenith Bank Nigeria Plc has emerged the most active and capitalised stock of the Nigerian Stock Exchange (NSE).Zenith Bank had in February, occupied the third position as the most capitalised stock, trailing behind Nigerian Breweries Plc and First Bank Nigeria Plc. To achieve the new position, Zenith Bank Plc ...

  • 24 June

    Wema Bank MD, Oloketuyi Rated Low By Stakeholders As SEC Axed Dangles With N700Million

    wema bank, segen oloketuyi

    Stakeholders In Wemabank are attacking Oloketuyi and he may face the music in the next Stakeholders meeting. Nigeria’s apex capital market regulator, the Securities and Exchange Commission (SEC) has ordered Wema Bank Plc to pay over N70 million for negligence. The order was made by the SEC, after an all parties meeting pursuant to ?a petition written by BROADSTREET PARTNERSHIP, ...

  • 24 June

    Fidelity Bank Gives Out N52m In Loyalty Scheme

    Fidelity-Bank-MD-Nnamdi-Okonkwo

    Fidelity Bank Plc has rewarded loyal customers with the sum of N52 million in its ongoing ‘Fidelity Loyalty Savings’ scheme. A total of 106 customers were rewarded in the second batch. A breakdown of this showed thar 80 beneficiaries received N500,000 “Xtra income” each, under Fidelity Personal Savings Scheme (FPSS) while 26 ‘Sweeta’ account holders received N150,000 “School fees support” ...

  • 22 June

    Why UBA Big Boy, Ikpobe Resigns, As Bank Announces Key Appointments

    Phillips Oduoza, UBA - MD

    Contrary to speculation that his ambition was the issue, Younews can tell you that Apollos has other project on his mind. And United Bank for Africa (UBA) has realigned its Nigeria operations and announced new appointments as part of concerted efforts to improve on the bank’s current growth momentum and deliver on stellar results in the current financial year and beyond. ...