Here is the summary of the major banking news during the week. Some of which you may have missed.
The stage is set for the 17th edition of Nigeria Bankers Games which is set to kickoff tomorrow at the Yaba College of Technology Sports Complex, Yaba, Lagos. The Games will commence with an opening ceremony with teams from participating companies billed to parade and display in the colours of their various companies.
Ecobank Nigeria appoints two executive directors
Ecobank Nigeria has announced the appointment of two new executive directors, Akin Dada who now heads the bank’s Corporate Banking business and Carol Oyedeji for Consumer Banking. The new appointments are in line with the bank’s Roadmap to Leadership Transformation Programme which it initiated in 2016.
The World Bank says it has earmarked 50 million dollars to fast track the implementation of Fadama III, Lead Economist Tunji Oredipe has disclosed. Oredipe made this known during the signing of a Memorandum of Understanding between the bank, Fadama III and Borno Government on Thursday in Maiduguri.
GeopollA recent survey conducted by mobile research firm, GeoPoll reveals banking preferences in Nigeria, Kenya, and South Africa, and found that retail banking in Africa is yet to reach its full potential. Equity Bank, GT Bank, and CAPITEC are the preferred retail banks among citizens of Kenya, Nigeria, and South Africa, respectively.
The Bankers Committee, comprising the Central Bank of Nigeria (CBN) and Chief Executive Officers of commercial banks operating in the country on Thursday, agreed to blacklist any exporters who fail to repatriate export proceeds.
PFAs invest N601.15bn in banks, real estate
As the Contributory Pension Scheme (CPS) records steady progress with pension assets hitting N6.73 trillion, pension fund administrators (PFAs) have so far invested a total of N601.15 billion in banks and real estate properties.
First Bank of Nigeria Limited has joined the rest of the world in felicitating with its customers on this year’s Customer Service week. In a statement, the lender said that the theme of the 2017 celebrations, “Building Trust” is one that resonates with its brand essence to remain the trusted partner, always striving to provide the best financial solutions and deliver to its stakeholders at all times.
FirstBank’s payment card issuance hits 10m
First Bank of Nigeria Limited has been named the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million cards to customers across the country. This makes FirstBank the second bank in Africa to achieve this feat. The groundbreaking accomplishment is reminiscent of a similar milestone achieved two years ago.
Unity Bank has charged organisations and governments to pay greater attention to Employee Assistance Programmes to minimise depression, anxiety, excessive stress, worry and addictions in the workspace in order to impact positively on job performance, mental and physical health and emotional wellbeing of their workforce.
As part of activities to mark its centenary anniversary, Union Bank of Nigeria Plc has celebrated with its customers and stakeholders in Abuja, Oyo and Enugu in appreciation of their commitment and support over the years.
James Emejo in Abuja The House of Representatives thursday passed a motion urging the Central Bank of Nigeria (CBN) to stop the imposition of surcharge on commercial banks which return dirty, worn-out and mutilated currency notes for destruction and re-issuance.
Banks to commence disbursing N26b contribution to Agric SMEs
The Bankers Committee says commercial banks will start the disbursement of the N26 billion equity contribution to Small and Medium Enterprise (SMEs) in agriculture by end of 2017 third quarter.
Naira extends gain at Interbank, parallel market
The Nigerian currency, Naira, on Thursday, extended its gains at the Nigerian interbank foreign exchange market and the parallel segment, as the Central Bank of Nigeria (CBN) continuously ensuring availability of liquidity in the forex market.
Cryptocurrencies also known as digital/virtual currencies have the potential to control 50 percent transactions of Nigeria’s gross domestic product (GDP) says Tomisin Fashani, the chief information officer (CIO) of Ecobank and CEO of eProcess International. Fashani.
GSSB rates Zenith Bank high on adoption of global sustainability standards
Zenith Bank has been rated the first Nigerian company and first African financial institution to adopt the Global Reporting Standards on sustainability of the Global Sustainability Standards Board.
Guaranty Trust Bank Plc will on Friday 5th September 2017, settle $123,066,000 worth cash tendered Notes, out of the bank’s $400 6.000% Notes tender offer.
Fidelity Bank says it has disbursed over N3 billion to small businesses from the N220 billion CBN SME fund being disbursed by participating deposit money banks.
Fidelity Bank partners NEPC, LBS for export management programme
Fidelity bank has collaborated with the Lagos Business School (LBS) and the Nigeria Export Promotion Council (NEPC) to launch the Export Management Programme (EMP) 5 Series.
Fidelity Bank announces plans to raise $500m Eurobond
Fidelity Bank Plc has notified the Nigerian Stock Exchange (NSE) of its intention to launch up to $500million senior unsecured medium term debit notes.
SKYE Bank Plc has recognised winners of its Skye Rainbow Essay Competition across the country and presented them with state-of-the-art educational tablets.
Data theft: Skye Bank CEO seeks stakeholders’ collaboration
The Chief Executive Officer of Skye Bank Plc, Tokunbo Abiru, has advocated practical strategies, concerted efforts and close collaboration among stakeholders to prevent proliferation of cloned apps with its attendant effects in the country.
Sterling Bank Plc has announced 16 finalists for the next stage of its RecyclArt Competition. In a statement, the lender said the 16 finalists made the cut from a pool of 630 young artists from across Nigeria that submitted proposals
Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers in 33 African nations, including Nigeria.