June 2012 Blog Posts (15)

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…

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…

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…

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…

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…

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…

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.



FirstBank's…

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…

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…

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…

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…