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June 2012 Blog Posts (15)

Globacom Partners Banks to Launch “Verve M-PIN”

In line with its concerted efforts to support the federal government cashless policy, Globacom has launched a robust mobile banking product tagged Verve M-PIN which is powered by Glo Txt Cash.

Speaking at the formal launch of the product at the Mike Adenuga Towers, Lagos, Executive Director, Globacom, Mr. Adewale Sangowawa, disclosed that Globacom was partnering some…


Added by Andrea Ayemoba on June 29, 2012 at 2:59pm — No Comments

Ecobank Signs MoU with Export-Import Bank of India

Ecobank Transnational Incorporated (“Ecobank” or “the Group”) has concluded a Memorandum of Understanding (“MoU”) with the Export-Import Bank of India (“EXIM Bank”) to promote and finance trade and investment flows between Africa and India.

The agreement will see EXIM Bank co-operating with Ecobank to explore joint trade and investment opportunities in the future across the Group’s unrivalled footprint of 32 countries in Middle Africa.

India’s trade with Africa has…


Added by Linda Larbie on June 29, 2012 at 2:25pm — No Comments

Guaranty Trust Bank’s Eurobond adjudged the Best Financial Institution Bond in Nigeria

Guaranty Trust Bank’s 5-year Benchmark Eurobond offer, which was issued in 2011, has been adjudged the Best Financial Institution Bond for Nigeria by EMEA Finance, United Kingdom during that year. The US$500 million GTBank Eurobond is the largest offer by any Nigerian corporate to international investors.

Commenting at the Event Awards dinner, which took place recently…


Added by Andrea Ayemoba on June 28, 2012 at 1:30pm — No Comments

Forbes: Zenith Bank, Ecobank Transactional Incorporated and others emerge top amongst West African Companies.

According to a recent Forbes list of West African companies, Zenith Bank and Ecobank Transactional Incorporated have emerged top amongst highly rated West African companies listed for an award ceremony by Forbes Africa. Others that made the list include Dangote Cemment, Nestle Nigeria Plc. and Ivory Coast’s Soc Africaine De Plantations.

The award event, titled “The Top Listed West African Companies” will be held in Lagos soon, where the complete list of companies will be released. The…


Added by Andrea Ayemoba on June 25, 2012 at 3:43pm — No Comments

Access Bank Sets to Champion New Workplace Health Initiatives

In continuation of its leadership role and commitment to sustainable practices, Access Bank Plc. has declared its intention to champion the implementation of new initiatives in workplace health issues across the Sub-Saharan Africa. This announcement was made at the GBC Health Annual Conference held in New York recently.

Addressing an audience of about 700 delegates comprising of corporate executives, government leaders, policy makers, civil society visionaries and media personnel…


Added by Andrea Ayemoba on June 22, 2012 at 3:27pm — No Comments

Access Bank, Nickelodeon Set to Launch Kids Financial Literacy Campaign

Access Bank Plc is set to launch Nigeria’s first fun-filled interactive financial literacy campaign for kids, parents and educators in Nigeria tagged Access Early Savers Financial Literacy for Kids in partnership with Nickelodeon.

The Access Early Savers Financial Literacy for Kids is the first financial literacy campaign of its kind to be launched in Nigeria for kids 4-9 years old. The campaign is a multimedia and multidimensional…


Added by Andrea Ayemoba on June 22, 2012 at 3:26pm — No Comments

Nigerian Embassy: Our Accounts Are Not Frozen

"The attention of the Embassy has been drawn to some recent publications in the Internet press indicating that the Accounts of the Embassy as well as the Consulates in Atlanta and New York, and also the Permanent Mission to the United Nations have all been frozen by Wells Fargo and Bank of America on alleged charges of money laundering.  These allegations are malicious and are designed to malign the integrity of the leadership of the…


Added by Andrea Ayemoba on June 22, 2012 at 3:25pm — No Comments

Nigeria: CBN - Cashless Policy to Enhance Payment System

Lagos — Cashless policy will enhance national payments system and address currency management hitches in the country, governor of the Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi, has said.

Speaking at the fourth memorial lecture of the Clement Isong held in Lagos at the weekend, Sanusi explained that the economy is heavily cash-oriented, a trend that increases the operational costs of the banking sector.

He said the costs are passed down to the customers in…


Added by Andrea Ayemoba on June 18, 2012 at 5:48pm — No Comments

Nigeria: Firstbank Offers Single Digit Lending Rate to SMEs

Respite is in sight for Nigerian small businesses following the resolve of Nigeria's Number One Bank Brand, First Bank of Nigeria Plc to extend single digit loans to entrepreneurs in partnership with the Nigeria Association of Small Scale Industrialists (NASSI).

The Bank has since signed a Memorandum of Understanding (MoU) with NASSI to ensure hitch-free implementation of the initiative that is geared towards promoting the growth and development of the sector.



Added by Andrea Ayemoba on June 18, 2012 at 5:44pm — No Comments

Blessing Okagbare! FirstBank’s Pact Thrills Olympians Association’s Boss

President of the Nigeria Olympians Association (NOA), Henry Amike, says he is thrilled by FirstBank’s policy on sports development and youth empowerment, which has seen the company endorse Blessing Okagbare (top left) as its brand ambassador to the 30th Olympics Games in London next month.

 Amike, a former Nigerian track and field international and reigning 400 meters hurdles record holder at 48.50 seconds, is particularly pleased…


Added by Andrea Ayemoba on June 18, 2012 at 1:05pm — No Comments

Central Bank of Nigeria Press Statement – June 14, 2012

The attention of the Central Bank of Nigeria (CBN) has been drawn to a newspaper report that the CBN Governor, Mallam Sanusi Lamido Sanusi CON who was last week Friday, June 8, 2012, conferred by the Kano Emirate Council with the title of Dan Maje Kano, reported for work in his chieftaincy regalia.

For the avoidance of doubt, we want to use this medium to state that the CBN Governor was on a short break, and was not on duty on the said day.

Mallam Sanusi flew into Abuja after…


Added by Andrea Ayemoba on June 18, 2012 at 1:03pm — No Comments

BOG Gross International Reserves down to $4.3 billion

The Gross International Reserves of Bank of Ghana (BoG) declined to $4.3 billion as at June 8, 2012 from $5.4 billion in December 2011, the Central Bank said in Accra on Wednesday.

This is equivalent to 2.5 months imports cover of goods and services.

Mr Kwesi B. Amissah-Arthur, Governor of Bank of Ghana, said for the first quarter of 2012, the Balance of…


Added by Isaac Twumasi Quantus on June 14, 2012 at 9:36am — No Comments

Top Bankers Honoured During the African Development Annual Meeting

On June 6 2012, Africa's Top Bankers gathered in Arusha, Tanzania, to celebrate the 6th edition of the African Banker Awards, under the patronage of the African Development Bank ( They rewarded outstanding talent and achievement in Africa's financial sector.

 The outstanding event was held for the first time in an open field in shadow of two of Africa’s most…


Added by Andrea Ayemoba on June 12, 2012 at 5:40pm — No Comments

UBA covets new Customers, Reduces Opening Balance for Enhanced Savings Accounts

Driven by the desire to provide its customers, old and new, with the right mix of products and services that are tailored to meet their banking needs, the United Bank for Africa (UBA) Plc has enhanced its  savings account, with reduced minimum opening balance driven by her array of cost saving e-Banking products and services.


With a minimum of N2,000.00, customers can now open a UBA savings account and enjoy a world of high value banking with Africa’s global bank. Christened UBA…


Added by Linda Larbie on June 8, 2012 at 3:47pm — No Comments

Ecobank Named African Bank of the Year in African Banker’s 2012 Awards


Ecobank Transnational Incorporated (“Ecobank” or “the Group”) has been named African Bank of the Year in this year’s African Banker’s awards, fending off competition from six other nominees to win the highly coveted prize. The annual awards, which reward outstanding talent and achievement in Africa’s financial sector, were held under the patronage of The African Development Bank at its Annual General Meeting in Arusha, Tanzania.

Commenting on Ecobank’s success, Omar…


Added by Linda Larbie on June 8, 2012 at 2:40pm — No Comments

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